Document:

<PAGE>

Exhibit 10.2

                               AMENDMENT NO. 1 TO

                              EMPLOYMENT AGREEMENT

This Amendment No. 1 to Employment Agreement (this "AMENDMENT") is made and
entered into as of the 4th day of March 2008 (the "AMENDMENT EFFECTIVE DATE") by
and among Reclamation Consulting and Applications, Inc. (the "COMPANY"), and
Michael Davies (the "EMPLOYEE"). The Company and Employee are sometimes referred
to herein individually as a "PARTY" and collectively as the "PARTIES."
Capitalized terms used but not defined herein have the meanings assigned to them
in the Employment Agreement dated as of January 6, 2005 and entered into by the
Parties (the "AGREEMENT").

         WHEREAS, the Parties have previously orally amended the Agreement to
provide for Employee to not serve as the Company's Executive Vice President and
Chief Financial Officer, but rather as the Company's Chief Executive Officer and
Secretary;

         WHEREAS, Employee is currently serving as the Company's Chief Executive
Officer and Secretary; and

         WHEREAS, the Parties wish to memorialize their oral amendment to the
Agreement by entering into this Amendment;

         THEREFORE, the Parties agree as follows:

I.       AMENDMENTS TO THE AGREEMENT

         The Parties that the Agreement is amended to delete the references to
"Executive Vice President" and "Chief Financial Officer," and to insert in the
place of these terms, "Chief Executive Officer" and "Secretary," respectively.

II.      GENERAL PROVISIONS

         A. Except as expressly amended by this Amendment, the Parties agree
that all other provisions of the Agreement remain unchanged and that the
Agreement remain in full force and effect.

         B. This Amendment may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

         C. The Agreement, as hereby amended, sets forth the entire agreement
and understanding of the Parties hereto with respect to the transactions
contemplated hereby, and supersedes all prior agreements, arrangements and
understandings related to the subject matter hereof. No understanding, promise,
inducement, statement of intention, representation, warranty, covenant or
condition, written or oral, express or implied, whether by statute or otherwise,
has been made by any party hereto which is not embodied in this Agreement, as
hereby amended, and no party hereto shall be bound by or liable for any alleged
understanding, promise, inducement, statement, representation, warranty,
covenant or condition not so set forth.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement, as
of the date first written hereinabove.

THE COMPANY:

RECLAMATION CONSULTING AND APPLICATIONS, INC.

      By: /s/ Gordon W. Davies
         --------------------
         Gordon W. Davies
         President

EMPLOYEE:

         /s/ Michael C. Davies
         ---------------------
         Michael C. Davies<PAGE>

Exhibit 10.3

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). THESE
SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO
THE ISSUER, (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S UNDER
THE ACT, (C) IN COMPLIANCE WITH THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS
UNDER THE ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS, OR (D) IN A TRANSACTION THAT DOES NOT
REQUIRE REGISTRATION UNDER THE ACT OR ANY APPLICABLE STATE LAWS, AND THE HOLDER
HAS, PRIOR TO SUCH SALE, FURNISHED TO THE ISSUER AN OPINION OF COUNSEL OR OTHER
EVIDENCE OF EXEMPTION, IN EITHER CASE REASONABLY SATISFACTORY TO THE ISSUER.
DELIVERY OF THIS CERTIFICATE MAY NOT CONSTITUTE "GOOD DELIVERY" IN SETTLEMENT OF
TRANSACTIONS ON STOCK EXCHANGES IN CANADA. THE HOLDER HEREOF WILL NOT, DIRECTLY
OR INDIRECTLY, ENGAGE IN ANY HEDGING TRANSACTION WITH REGARD TO THIS SECURITY,
EXCEPT AS PERMITTED BY THE ACT.

                              CONVERTIBLE DEBENTURE

THIS CONVERTIBLE DEBENTURE, dated effective as of October 1, 2007 (the
"Agreement") is made

BETWEEN:

                  NAME:    JOAN A. GISH
                  ADDRESS: 8405-400 Eau Claire Avenue S.W
                           Calgary, Alberta, Canada
                           T2P4X2
                          (the "Lender");

AND:

         RECLAMATION CONSULTING AND APPLICATIONS, INC., a company organized
         under the laws of the State of Colorado, of 940 Calle Amanecer, Suite
         E, San Clemente, CA 92673 (the "Borrower").

WHEREAS, on October 1, 2007, the Lender and the Borrower entered into an oral
agreement pursuant to which the Lender lent to the Borrower Fifty Thousand
Dollars ($50,000) (the "Principal") carrying interest at 12% per annum and
pursuant to the understanding that the parties would provide for the Lender to
receive terms similar to those of that certain Secured Convertible Debenture
entered into by the parties dated September 11, 2007; and

<PAGE>

Whereas, the parties desire to memorialize their oral agreement by executing
this Agreement, which although executed on March 4, 2008, is dated effective as
of October 1, 2007.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and
the mutual covenants and agreements hereinafter set forth, the parties hereto
agree as follows:

1.       DEFINITIONS

Where used in this Agreement, the following words and phrases shall have the
following meaning:

         1.1      "Accredite Investor" has the meaning assigned in subsection
                  5.2.6;

         1.2      "Act" as the meaning assigned in subsection 5.2.4;

         1.3      "Agreement" means this Convertible Debenture and the schedules
                  hereto, as at any time amended or modified and in effect;

         1.4      "Conversion Amount" has the meaning assigned in subsection
                  4.1;

         1.5      "Conversion Date" has the meaning assigned in subsection 4.1;

         1.6      "Conversion Notice" has the meaning assigned in subsection
                  4.1;

         1.7      "Conversion Price" means $0.12 per share;

         1.8      "Conversion Shares" means shares of Borrower's common stock to
                  be received by Lender pursuant to a conversion under Section 4
                  of the outstanding balance of Principal and unpaid accrued
                  interest due under this Agreement;

         1.9      "Event of Default" means any event specified in subsection
                  8.1;

         1.10     "Loan" means the loan by the Lender to the Borrower
                  established pursuant to subsection 3.1;

         1.11     "Maturity Date" means April 1, 2009;

         1.12     "Note" means a promissory note to be made by the Borrower to
                  the Lender as evidence of the Loan which shall substantially
                  be in the form set out in Schedule A and "Notes" means the
                  plural thereof;

         1.13     "Principal" means the principal amount of the loan set forth
                  in the Preamble;

         1.14     "Securities" has the meaning assigned in subsection 4.3;

                                       2
<PAGE>

         1.15     "U.S. Person" has the meaning assigned in subsection 5.2.7;
                  and

         1.16     "Warrants" has the meaning assigned in subsection 4.7.

2.       INTERPRETATION

         2.1      GOVERNING LAW AND VENUE

This Agreement shall be governed by and construed in accordance with the
internal laws of the State of California applicable to the performance and
enforcement of contracts made within such state, without giving effect to the
law of conflicts of laws applied thereby. In the event that any dispute shall
occur between the parties arising out of or resulting from the construction,
interpretation, enforcement or any other aspect of this Agreement, the parties
hereby agree to accept the exclusive jurisdiction of the Courts of the State of
California sitting in and for the County of Orange.

         2.2      SEVERABILITY

If any one or more of the provisions contained in this Agreement is found to be
invalid, illegal or unenforceable in any respect, the validity, legality and
enforceability of the remaining provisions contained herein will not in any way
be affected or impaired thereby.

         2.3      PARTIES IN INTEREST

This Agreement enures to the benefit of and is binding on the parties hereto and
their respective successors and permitted assigns.

         2.4      HEADINGS AND MARGINAL REFERENCES

The division of this Agreement into sections, subsections, paragraphs and
subparagraphs and the insertion of headings are for convenience of reference
only and do not affect the construction or interpretation of this Agreement.

         2.5      CURRENCY

All statements of, or references to, dollar amounts in this Agreement means
lawful currency of the United States.

3.       THE LOAN

         3.1      ESTABLISHMENT OF THE LOAN

The Lender agrees, on the terms and conditions set forth in this Agreement, to
lend to the Borrower the Principal as the "Loan."

                                       3
<PAGE>

         3.2      EVIDENCE OF INDEBTEDNESS

Indebtedness of the Borrower to the Lender in respect of the Loan will be
evidenced by one or more Notes, which will be provided by the Borrower to the
Lender upon the Lender's execution of this Agreement.

         3.3      INTEREST

The Borrower will pay simple interest to the Lender on the unpaid Principal from
October 1, 2007 at a rate of 12% per annum until the Loan is repaid in full.
Interest will be calculated and accrued monthly in arrears and will be payable
to the Lender monthly (except as to such amounts as were converted by Lender as
future interest under Section 4 and is therefore deemed already paid), within 15
days following the end of each calendar month until the earlier of (i) the
Maturity Date, (ii) the date the Loan is repaid in full, or (iii) the Principal
and interest are converted to Borrower's common stock pursuant to section 4.

         3.4      REPAYMENT OF THE LOAN

Subject to conversion pursuant to section 4, the Borrower will repay the
Principal and any accrued but unpaid interest to the Borrower on or before the
Maturity Date.

         3.5      PREPAYMENT OF LOAN

The Borrower may prepay the Principal and interest outstanding under the Loan
without penalty, bonus or charges.

4.       CONVERSION OF THE LOAN

         4.1      CONVERSION

At any time, and from time to time, prior to the Maturity Date, the Lender may
elect, by providing to Borrower a written notice in the form of Schedule C,
attached hereto (the "Conversion Notice"), to convert all or any portion of the
then-outstanding Principal, accrued but unpaid interest, and/or up to six months
future interest (the aggregate amount thereof being the "Conversion Amount") as
of the date of such Conversion Notice (the "Conversion Date").

         4.2 ISSUANCE OF CONVERSION SHARES

Within 15 days of receipt of a properly completed Conversion Notice, the
Borrower will issue Conversion Shares to the Lender in an amount equal to a
fraction, the numerator of which is the Conversion Amount to be converted and
the denominator of which is the Conversion Price. All Conversion Shares so
issued shall be deemed to have been issued as fully paid and non-assessable at a
price equal to the Conversion Price.

         4.3 LEGEND

This Agreement, and any Conversion Shares, Warrants and shares received on the
exercise of Warrants (collectively, the "Securities) shall bear such form of
restrictive legends as may be necessary, as determined by Borrower in Borrower's
reasonable discretion, to comply with applicable laws or regulations of any
stock exchange or other applicable authority, including but not limited to the
following legend:

                                       4
<PAGE>

             THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE
             REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
             AMENDED (THE "ACT"). THESE SECURITIES MAY BE OFFERED, SOLD, PLEDGED
             OR OTHERWISE TRANSFERRED ONLY (A) TO THE ISSUER, (B) OUTSIDE THE
             UNITED STATES IN COMPLIANCE WITH REGULATION S UNDER THE ACT, (C) IN
             COMPLIANCE WITH THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS
             UNDER THE ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN
             ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS, OR (D) IN A
             TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE ACT OR ANY
             APPLICABLE STATE LAWS, AND THE HOLDER HAS, PRIOR TO SUCH SALE,
             FURNISHED TO THE ISSUER AN OPINION OF COUNSEL OR OTHER EVIDENCE OF
             EXEMPTION, IN EITHER CASE REASONABLY SATISFACTORY TO THE ISSUER.
             DELIVERY OF THIS CERTIFICATE MAY NOT CONSTITUTE "GOOD DELIVERY" IN
             SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA. THE HOLDER
             HEREOF WILL NOT, DIRECTLY OR INDIRECTLY, ENGAGE IN ANY HEDGING
             TRANSACTION WITH REGARD TO THIS SECURITY, EXCEPT AS PERMITTED BY
             THE ACT.

         4.4      CONVERSION DISCHARGES THE BORROWER

Conversion of Principal and interest in accordance herewith shall operate to
discharge the Borrower's obligations with respect to repayment of the Principal
amount and interest so converted, provided that delivery of the appropriate
number of Conversion Shares issued upon such conversion is made by the Borrower.
The Borrower shall not be bound to enquire into the title of the Lender, save as
ordered by a court of competent jurisdiction or as required by statute. The
Borrower shall not be bound to see to the execution of any trust affecting the
ownership of the Note(s) surrendered in connection with any conversion of
Principal and interest nor be charged with notice of any equity that may be
subsisting in respect thereof, unless the Borrower has actual notice thereof.

         4.5      NO REQUIREMENT TO ISSUE FRACTIONAL SECURITIES

The Borrower shall not be required to issue fractions of securities upon any
conversion of Principal and interest pursuant to this section 4. If any
fractional interest in securities would be issuable upon the conversion of
Principal and interest, the Borrower shall not be required to make any payment
in lieu of delivering any certificates representing such fractional interest.

                                       5
<PAGE>

         4.6      CANCELLATION OF NOTES

Upon conversion of the Principal amount of the Loan in whole or in part pursuant
to the provisions of this section 4, each Note representing the Principal
converted shall be forthwith delivered to and cancelled by the Borrower.

         4.7      WARRANTS

Upon the Lender's execution of this Agreement, the Borrower shall issue to the
Lender warrants for the purchase of an aggregate of fifty thousand (50,000)
shares of the Borrower's common stock (the "Warrants"). The Warrants shall be
exercisable until the sooner of (i) 5:00 PM Pacific Time October 1, 2010 or (ii)
5:00 PM Pacific Time on the Call Date (as defined in the certificates evidencing
the Warrants. The Warrants shall be evidenced by one or more warrant
certificates substantially in the form of Schedule B attached hereto, with an
exercise price of $0.20 per share.

5.       REPRESENTATIONS AND WARRANTIES

         5.1      The Borrower represents and warrants to the Lender as of the
                  date hereof that:

                  5.1.1    the Borrower is a corporation duly incorporated,
                           validly existing and in good standing under the laws
                           of Colorado;

                  5.1.2    the Borrower has all requisite corporate power and
                           authority to enter into this Agreement and to carry
                           out the obligations contemplated herein and therein;

                  5.1.3    this Agreement has been duly and validly authorized,
                           executed and delivered by the Borrower and are valid
                           obligations of it; and

                  5.1.4    no Event of Default and no event which, with the
                           giving of notice or lapse of time would become an
                           Event of Default, has occurred or is continuing.

         5.2      The Lender hereby represents and warrants to the Borrower, as
                  of the date hereof, the following:

                  5.2.1    the Lender has full power and capacity to enter into,
                           execute and perform this Agreement, which Agreement,
                           once executed by the Lender, shall be the valid and
                           binding obligation of such party, enforceable against
                           such party by any court of competent jurisdiction in
                           accordance with its terms;

                  5.2.2    the Lender is not bound by or subject to any
                           contract, agreement, law, court order or judgment,
                           administrative ruling, regulation or any other item
                           which prohibits or restricts such party from entering
                           into and performing this Agreement in accordance with
                           its terms, or requiring the consent of any third
                           party prior to the entry into or performance of this
                           Agreement in accordance with its terms by such party;

                                       6
<PAGE>

                  5.2.3    the Lender acknowledges that it is acquiring the
                           Securities its own account, and not with a view
                           toward the subdivision, resale, distribution, or
                           fractionalization thereof; the Lender has no
                           contract, undertaking, or arrangement with any person
                           to sell, transfer, or otherwise dispose of the
                           Securities (or any portion thereof hereby subscribed
                           for), and has no present intention to enter into any
                           such contract, undertaking, agreement or arrangement;

                  5.2.4    the execution of this Agreement by the Lender is not
                           the result of any form of General Solicitation or
                           General Advertising (as used under Rule 502(c)
                           promulgated under the Securities Act of 1933, as
                           amended (the "Act"));

                  5.2.5    the Lender hereby acknowledges that: (A) the offering
                           of the Securities was made only through direct,
                           personal communication between the Lender and the
                           Borrower; (B) the Lender has had full access to
                           material concerning the Borrower's planned business
                           and operations, which material was furnished or made
                           available to the Lender by officers or
                           representatives of the Borrower, including the
                           Borrower's SEC filings available on the SEC web site
                           at www.sec.gov; (C) the Borrower has given the Lender
                           the opportunity to ask any questions and obtain all
                           additional information desired in order to verify or
                           supplement the material so furnished; and (D) the
                           Lender understands and acknowledges that purchasers
                           of the Securities must be prepared to bear the
                           economic risk of such investment for an indefinite
                           period because of: (I) the heightened nature of the
                           risks associated with an investment in the Borrower
                           due to its status as a development stage company;
                           (II) illiquidity of the Securities due to the fact
                           that (1) the Securities have not been registered
                           under the Act or any state securities act (nor passed
                           upon by the SEC or any state securities commission),
                           and (2) the Securities may not be registered or
                           qualified by the Lender under federal or state
                           securities laws solely in reliance upon an available
                           exemption from such registration or qualification,
                           and hence such Securities cannot be sold unless they
                           are subsequently so registered or qualified, or are
                           otherwise subject to any applicable exemption from
                           such registration requirements; and (3) substantial
                           restrictions on transfer of the Securities, as may
                           set forth by legend on the face or reverse side of
                           every certificate evidencing the ownership of the
                           Securities;

                  5.2.6    the Lender is an "Accredited Investor" as such term
                           is defined in Rule 501 of Regulation D promulgated by
                           the Securities and Exchange Commission under the Act
                           and as such term is defined under Canadian securities
                           laws;

                                       7
<PAGE>

                  5.2.7    the Lender is not a "U.S. Person" as such term is
                           defined in Rule 902 of Regulation S promulgated by
                           the SEC. ("Regulation S");

                  5.2.8    the Lender understands that the Borrower is the
                           seller of the Securities and that, for purposes of
                           Regulation S, a "distributor" is any underwriter,
                           dealer or other person who participates, pursuant to
                           a contractual arrangement in the distribution of
                           securities sold in reliance on Regulation S and that
                           an "affiliate" is any partner, officer, director or
                           any person directly or indirectly controlling,
                           controlled by or under common control with any
                           persons in question;

                  5.2.9    the Lender agrees that it will not, during the
                           one-year distribution compliance period for the
                           Securities, act as a distributor, either directly or
                           through any affiliate, or sell, transfer, hypothecate
                           or otherwise convey the Securities other than to a
                           non-U.S. Person;

                  5.2.10   the Lender acknowledges and understands that in the
                           event the Securities are offered, sold or otherwise
                           transferred by the Lender to a non-U.S. Person prior
                           to the expiration of the applicable distribution
                           compliance period, the purchaser or transferee must
                           agree not to resell such securities except in
                           accordance with the provisions of Regulation S,
                           pursuant to registration under the Act, or pursuant
                           to an available exemption from registration; and must
                           further agree not to engage in hedging transactions
                           with regard to such securities unless in compliance
                           with the Act;

                  5.2.11   the Lender shall not offer, sell or otherwise dispose
                           of the Securities in the United States or to a U.S.
                           Person unless (A) the Borrower has consented to such
                           offer, sale or disposition and such offer, sale or
                           disposition is made in accordance with an exemption
                           from the registration requirements under the Act and
                           the securities laws of all applicable states of the
                           United States or (B) such securities have been
                           registered with the SEC; and

                  5.2.12   the Lender has been advised to consult with an
                           attorney regarding legal matters concerning the
                           purchase and ownership of the Conversion Shares, and
                           with a tax advisor regarding the tax consequences of
                           purchasing such Conversion Shares.

6.       COVENANTS OF THE BORROWER

         6.1      POSITIVE COVENANTS

The Borrower covenants and agrees with the Lender that, at all times during the
currency of this Agreement, it will:

                  6.1.1    pay the principal sum, interest and all other monies
                           required to be paid to the Lender pursuant to this
                           Agreement in the manner set forth herein;

                                       8
<PAGE>

                  6.1.2    duly observe and perform each and every of its
                           covenants and agreements set forth in this Agreement;
                           and

                  6.1.3    provide the Lender with immediate notice of any Event
                           of Default.

7.       EVENT OF DEFAULT

         7.1      DEFINITION OF EVENT OF DEFAULT

The principal balance of the Loan, costs and any other money owing to the Lender
under this Agreement will immediately become payable upon written demand by the
Lender in any of the following events, unless otherwise waived in writing by the
Lender:

                  7.1.1    if the Borrower defaults in any payment when due
                           under this Agreement;

                  7.1.2    if the Borrower becomes insolvent or makes a general
                           assignment for the benefit of its creditors, or if
                           any order is made or an effective resolution is
                           passed for the winding-up of the Borrower or if the
                           Borrower is declared bankrupt or if a custodian or
                           receiver is appointed for the Borrower under the
                           applicable bankruptcy or insolvency legislation, or
                           if a compromise or arrangement is proposed by the
                           Borrower to its creditors or any class of its
                           creditors, or if a receiver or other officer with
                           like powers is appointed for the Borrower; or

                                       9
<PAGE>

                  7.1.3    if the Borrower defaults in observing or performing
                           any other covenant or agreement of this Agreement on
                           its part to be observed or performed and such default
                           has continued for a period of 14 days after notice in
                           writing has been given by the Lender to the Borrower
                           specifying the default.

         7.2      RIGHTS AND REMEDIES OF THE LENDER

Upon the occurrence of an Event of Default and at any time thereafter:

                  7.2.1    the Lender may exercise any or all rights and
                           remedies available to the Lender whether available
                           under this Agreement or available at law or in
                           equity, provided always that the Lender acts in a
                           commercially reasonable manner in exercising such
                           rights; and

                  7.2.2    the Lender will have the right, but not the
                           obligation, to inform any creditor of the Borrower of
                           any Event of Default by the Borrower.

8.       GENERAL

         8.1      WAIVER OR MODIFICATION

No failure on the part of the Lender in exercising any power or right hereunder
will operate as a waiver of the power or right nor will any single or partial
exercise of such right or power preclude exercise of any other right or power
hereunder. No amendment, modification or waiver of any condition of this
Agreement or consent to any departure by the Borrower therefrom will be
effective unless it is in writing signed by the Lender. No notice to or demand
on the Borrower will entitle the Borrower to any other further notice or demand
in similar or other circumstances unless specifically provided for in this
Agreement.

                                       10
<PAGE>

         8.2      TIME

Time is of the essence of this Agreement.

         8.3      FURTHER ASSURANCES

The parties to this Agreement will do, execute and deliver or will cause to be
done, executed and delivered all such further acts, documents and things as may
be reasonably required for the purpose of giving effect to this Agreement.

         8.4      ASSIGNMENT

The Borrower may not assign this Agreement or its interest herein or any part
hereof except with the prior written consent of the Lender. The Lender may
assign the Loan or this Agreement, or its interest in the Loan or this Agreement
or any part thereof upon ten days' written notice to the Borrower and provided
that the assignee agrees to be bound by the terms of this Agreement to the
extent of such assignment.

9.       NOTICES

All notices, requests, demands and other communications to be given hereunder
shall be in writing and shall be deemed to have been duly given on the date of
personal service or transmission by fax if such transmission is received during
the normal business hours of the addressee, or on the first business day after
sending the same by overnight courier service or by telegram, or on the third
business day after mailing the same by first class mail, or on the day of
receipt if sent by certified or registered mail, addressed as set forth below,
or at such other address as any party may hereafter indicate by notice delivered
as set forth in this Section 9:

           If to Borrower:                   Reclamation Consulting &
                                             Applications, Inc.
                                             940 Calle Amanecer, Suite E
                                             San Clemente, CA 92673
                                             Attn:    Mr. Gordon W. Davies
                                                      President

           With a copy (which shall
           not constitute notice) to:        August Law Group, P.C.
                                             19200 Von Karman, Suite 900
                                             Irvine, California  92614
                                             Attn:    Kenneth S. August, Esquire
                                                      President

                                       11
<PAGE>

           If to Lender:                     Joan A. Gish
                                             8405-400 Eau Claire Avenue S.W
                                             Calgary, Alberta, Canada
                                             T2P4X2

10.      AMENDMENTS

This Agreement may be amended, waived, discharged or terminated only with the
agreement of the party against whom enforcement of the amendment, waiver,
discharge or termination is sought and only in writing signed by both parties to
this agreement.

11.      COUNTERPART AND FAX EXECUTION

This Agreement may be executed in two or more counterparts and by fax
transmission, each of which will be deemed to be an original and all of which
will constitute one agreement, effective as of the date given above.

IN WITNESS WHEREOF, the parties hereto have executed this Convertible Debenture
as of February 20, 2008.

LENDER

JOAN A. GISH

/s/ Joan A. Gish
------------------

BORROWER

RECLAMATION CONSULTING AND APPLICATIONS, INC.
A Colorado corporation

/s/ Gordon W. Davies
---------------------
By:  Gordon W. Davies
Its:  President

                                       12
<PAGE>

                                   SCHEDULE A

                            to Convertible Debenture.

-------------------------------------------------------------------------------

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). THESE
SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO
THE ISSUER, (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S UNDER
THE ACT, (C) IN COMPLIANCE WITH THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS
UNDER THE ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS, OR (D) IN A TRANSACTION THAT DOES NOT
REQUIRE REGISTRATION UNDER THE ACT OR ANY APPLICABLE STATE LAWS, AND THE HOLDER
HAS, PRIOR TO SUCH SALE, FURNISHED TO THE ISSUER AN OPINION OF COUNSEL OR OTHER
EVIDENCE OF EXEMPTION, IN EITHER CASE REASONABLY SATISFACTORY TO THE ISSUER.
DELIVERY OF THIS CERTIFICATE MAY NOT CONSTITUTE "GOOD DELIVERY" IN SETTLEMENT OF
TRANSACTIONS ON STOCK EXCHANGES IN CANADA. THE HOLDER HEREOF WILL NOT, DIRECTLY
OR INDIRECTLY, ENGAGE IN ANY HEDGING TRANSACTION WITH REGARD TO THIS SECURITY,
EXCEPT AS PERMITTED BY THE ACT.

                                 PROMISSORY NOTE

$50,000                                                         OCTOBER 1, 2007

This Promissory Note is being issued pursuant to a Convertible Debenture dated
for reference October 1, 2007 between Joan A. Gish and Reclamation Consulting
and Applications, Inc. (the "Convertible Debenture")

FOR VALUE RECEIVED, Reclamation Consulting and Applications, Inc. (the
"Borrower"), of 940 Calle Amanecer, Suite E, San Clemente, CA 92673, PROMISES TO
PAY on April 1, 2009, or on demand in accordance with the terms of the
Convertible Debenture, to the order of Joan A. Gish (the "Lender"), 8405-400 Eau
Claire Avenue S.W, Calgary, Alberta, Canada, T2P4X2, the sum of $50,000 (the
"Principal") with simple interest at the rate of 12% per annum, calculated and
accrued monthly in arrears, both before and after the time payment is due and
until actual payment, and payable in accordance with the Convertible Debenture.

The obligations of the Borrower to pay the Principal to the Lender will
terminate if and to the extent that the Principal and interest are converted in
accordance with section 4 of the Convertible Debenture.

The Borrower waives presentment for payment, notice of protest and notice of
non-payment.

                                       13
<PAGE>

The Borrower may prepay the Principal and interest outstanding under the
Convertible Debenture without penalty, bonus or charges.

                                 Reclamation Consulting and Applications, Inc
                                 a Colorado corporation

                                 --------------------------------------
                                 By:  Gordon W. Davies
                                 Its:  President

                                       14
<PAGE>

                                   SCHEDULE B

                            to Convertible Debenture

--------------------------------------------------------------------------------

                                        WARRANT CERTIFICATE

No. _____________                                               300,000 Warrants

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). THESE
SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO
THE ISSUER, (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S UNDER
THE ACT, (C) IN COMPLIANCE WITH THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS
UNDER THE ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS, OR (D) IN A TRANSACTION THAT DOES NOT
REQUIRE REGISTRATION UNDER THE ACT OR ANY APPLICABLE STATE LAWS, AND THE HOLDER
HAS, PRIOR TO SUCH SALE, FURNISHED TO THE ISSUER AN OPINION OF COUNSEL OR OTHER
EVIDENCE OF EXEMPTION, IN EITHER CASE REASONABLY SATISFACTORY TO THE ISSUER.
DELIVERY OF THIS CERTIFICATE MAY NOT CONSTITUTE "GOOD DELIVERY" IN SETTLEMENT OF
TRANSACTIONS ON STOCK EXCHANGES IN CANADA. THE HOLDER HEREOF WILL NOT, DIRECTLY
OR INDIRECTLY, ENGAGE IN ANY HEDGING TRANSACTION WITH REGARD TO THIS SECURITY,
EXCEPT AS PERMITTED BY THE ACT.

                                WARRANTS FOR THE
                            PURCHASE OF COMMON STOCK

THIS CERTIFIES THAT, FOR VALUE RECEIVED, JOAN A. GISH, (the "HOLDER"), is the
owner of warrants (the "WARRANTS") for the purchase of up to an aggregate of
50,000 shares of validly-issued, fully-paid and non-assessable common stock of
RECLAMATION CONSULTING AND APPLICATIONS, INC., a corporation organized and
existing under the laws of the State of Colorado (the "CORPORATION"). Such
purchase may be made at any time, and from time to time, prior to the sooner of
5:00 p.m. Pacific Time on the Expiration Date (as hereinafter defined) or 5:00
p.m. on any Call Date (as hereinafter defined), upon the presentation and
surrender of this Warrant Certificate with a written notice in the form of
Attachment 1, attached hereto, signed by the Holder stating the number of shares
of Common Stock with respect to which such exercise is being made, at the
principal corporate address of the Corporation, accompanied by payment of the
Exercise Price (as hereinafter defined) for each Warrant exercised (the
"PURCHASE PRICE") in lawful money of the United States of America in cash or by
official bank or certified check made payable to RECLAMATION CONSULTING AND
APPLICATIONS, INC. The Purchase Price and the number of shares of Common Stock
subject to purchase upon the exercise of the Warrants are subject to
modification or adjustment as set forth herein. The Warrants represented by this

                                       15
<PAGE>

Warrant Certificate have been issued by the Corporation in connection with the
Convertible Debenture, dated October 1, 2007, by and between the Corporation and
the Holder.

SECTION 1. DEFINITIONS. As used herein, the following terms shall have
           the following meanings, unless the context shall otherwise
           require:

           (a)        "ADJUSTED PURCHASE PRICE" shall have the meaning given to
                      it in Section 5 of this Certificate.

           (b)        "CALL NOTICE" shall have the meaning given to it in
                      Section 9 of this Certificate.

           (c)        "CALL PRICE" shall have the meaning given to it in Section
                      9 of this Certificate.

           (d)        "CHANGE OF SHARES" shall have the meaning given to it in
                      Section 5 of this Certificate.

           (e)        "CORPORATE OFFICE" shall mean the office of the
                      Corporation at which, at any particular time, its
                      principal business shall be administered, which office is
                      currently located at 940 Calle Amanecer, Suite E, San
                      Clemente, CA 92673.

           (f)        "EXERCISE DATE" shall mean, as to any Warrant, the date on
                      which the Corporation shall have received both (i) this
                      Warrant Certificate, together with a written notice of
                      exercise in accordance herewith, duly executed by the
                      Holder hereof, or his attorney duly authorized in writing,
                      and indicating that the Holder is thereby exercising such
                      Warrant(s), and (ii) payment by wire transfer, or by
                      official bank or certified check made payable to the
                      Corporation, of an amount in lawful money of the United
                      States of America equal to the applicable Purchase Price
                      for such Warrant(s).

           (g)        "EXERCISE PERIOD" shall mean the period commencing on
                      October 1, 2007, and shall expire at 5:00 P.M. (Pacific
                      Time), on October 1, 2010.

           (h)        "EXERCISE PRICE" shall mean, as to any Warrant, the price
                      at which a Warrant may be exercised for the purchase of
                      Warrant Shares, which shall be $0.20.

           (i)        "EXPIRATION DATE" shall mean 5:00 P.M. (Pacific Time) on
                      last day of the Exercise Period. If such date shall be a
                      holiday or a day on which banks are authorized to be
                      closed in the State of California, then the Expiration
                      Date shall mean 5:00 P.M. (Pacific Time) of the next
                      consecutive day which does not fall on a holiday or a day
                      on which banks are authorized to be closed in the State of
                      California.

           (j)        "HOLDER" shall mean, as to any Warrant and as of any
                      particular date, the person in whose name the Warrant
                      Certificate representing such Warrant is registered as of
                      that date on the Warrant Register maintained by the
                      Corporation.

                                       16
<PAGE>

           (k)        "COMMON STOCK" shall mean the common stock of the
                      Corporation, which has the right to participate in the
                      distribution of earnings and assets of the Corporation
                      without limit as to amount or percentage.

           (L)        "PURCHASE PRICE" shall mean the purchase price to be paid
                      upon exercise of each Warrant hereunder in accordance with
                      the terms hereof, which price shall be the Exercise Price,
                      subject to adjustment from time to time pursuant to the
                      provisions of Section 5 hereof.

           (m)        "SECURITIES ACT" shall mean the Securities Act of 1933,
                      and an amendments or modifications, or successor
                      legislation, thereto adopted, and all regulations, rules
                      or other laws enacted or adopted pursuant thereto.

           (n)        "WARRANTS" shall mean the Warrants represented by this
                      Warrant Certificate.

           (o)        "WARRANT CERTIFICATE" shall mean any certificate
                      representing Warrants, and "THIS CERTIFICATE" shall mean
                      they warrant Certificate issued to the Holder
                      identification on the first page hereof.

           (p)        "WARRANT REGISTRY" means the official record maintained by
                      the Corporation in which are recorded, with respect to
                      each Warrant Certificate issued by the Corporation: the
                      date of issuance, the name and address of the original
                      Holder, the name and address of each subsequent transferee
                      of such original Holder, and the number identifying, such
                      Warrant Certificate.

           (q)        "WARRANT SHARES" shall have the meaning given to it in
                      Section 2 of this Certificate.

SECTION 2. EXERCISE OF WARRANTS.

           (a)        Each Warrant evidenced hereby may be exercised by the
                      Holder upon the terms and subject to the conditions set
                      forth herein prior to the sooner of 5:00 p.m. Pacific Time
                      on the Expiration Date (as hereinafter defined) or 5:00
                      p.m. on any Call Date (as hereinafter defined). A Warrant
                      shall be deemed to have been exercised immediately prior
                      to the close of business on the Exercise Date and the
                      person entitled to receive shares of restricted common
                      stock of the Corporation deliverable upon such exercise
                      shall be treated for all purposes as the Holder of a
                      Warrant Share upon the exercise of the applicable Warrant
                      as of the close of business on the Exercise Date. Promptly
                      following, and in any event within ten (10) business days
                      after, the date on which the Corporation first receives
                      clearance of all funds received in payment of the Purchase
                      Price pursuant to this Warrant Certificate, the
                      Corporation shall cause to be issued and delivered to the
                      person or persons entitled to receive the same, a
                      certificate or certificates evidencing the issuance to
                      such Holder of the applicable number of Warrant Shares
                      (plus a Warrant Certificate for any remaining issued but
                      unexercised Warrants of the Holder). Notwithstanding the
                      foregoing sentence, in the event that any registration or
                      qualification (or filing for exemption from any such
                      requirements) is required prior to the issuance of such
                      Warrant Shares by the Corporation in accordance with
                      Section

                                       17
<PAGE>

                      3(b) below, then the obligation to deliver any such
                      certificates shall arise only upon completion of such
                      requirements and at such time as the Corporation may
                      lawfully do so.

           (b)        Upon the exercise of the Warrants represented hereby, if
                      the Corporation so requests, the Holder shall certify to
                      the Corporation that it is not exercising such Warrants
                      with a view to distribute the Warrant Shares in violation
                      of the Securities Act, and shall provide such other
                      investor representations as the Corporation may require to
                      confirm the ability of the Corporation to rely upon the
                      exemption from registration under the Securities Act which
                      applies to the distribution of Warrant Shares at the time
                      of such distribution.

SECTION 3. RESERVATION OF SHARES; TAXES; ETC.

           (a)        The Corporation covenants that it will at all times
                      reserve and keep available out of its authorized Common
                      Stock, solely for the purpose of issue upon the valid
                      exercise of Warrants, such number of Warrant Shares as
                      shall then be issuable upon the exercise of all Warrants
                      then outstanding. The Corporation covenants that all
                      shares of Common Stock which shall be issuable upon
                      exercise of the Warrants shall, at the time of delivery,
                      be duly and validly issued, fully-paid, non-assessable and
                      free from all taxes, liens and charges with respect to the
                      issuance thereof (other than those which the Corporation
                      shall promptly pay or discharge, or any liens created
                      thereon by the Holder thereof and/or any predecessor of
                      such Holder).

           (b)        The Corporation shall not be obligated to deliver any
                      Warrant Shares pursuant to the exercise of the Warrants
                      represented hereby unless and until a registration
                      statement under the Securities Act and/or under any
                      applicable state securities laws and regulations, with
                      respect to such securities is effective, or an exemption
                      from such registration is available to the Corporation at
                      the time of such exercise. The Corporation covenants that
                      if any Warrant Shares reserved for the purpose of exercise
                      of Warrants hereunder require registration with, or
                      approval of, any governmental authority under any federal
                      or state securities law before such securities may be
                      validly issued or delivered upon such exercise, then the
                      Corporation will in good faith and as expeditiously as
                      reasonably possible, endeavor to secure such registration
                      or approval. However, in the event that this Warrant
                      Certificate represents Warrants which have been
                      transferred by an initial holder thereof, the Warrants
                      represented hereby may not be exercised by, nor shares of
                      Common Stock issued to, the Holder hereof in any state in
                      which such exercise and issuance would be unlawful.

           (c)        The Corporation shall pay all documentary, stamp or
                      similar taxes and other governmental charges that may be
                      imposed with respect to the issuance of the Warrants, or
                      the issuance or delivery of any shares of Common Stock
                      upon exercise of the Warrants; provided, however, that if
                      the shares of Common Stock are to be delivered in a name
                      other than the name of the Holder hereof, then no such
                      delivery shall be made unless the person requesting the
                      same has paid to the Corporation the amount of transfer
                      taxes or charges incident thereto, if any.

                                       18
<PAGE>

SECTION 4. LOSS OR  MUTILATION.  Upon  receipt by the  Corporation  of  evidence
           satisfactory to it of the ownership of, and loss, theft, destruction
           or mutilation of, this Warrant Certificate and (in case of loss,
           theft or destruction) of indemnity satisfactory to the Corporation,
           and (in the case of mutilation) upon surrender and cancellation
           thereof, the Corporation shall execute and deliver to the Holder in
           lieu thereof a new Warrant Certificate of like tenor representing an
           equal aggregate number of Warrants as was indicated to be outstanding
           on the prior lost or mutilated Warrant Certificate (provided,
           however, that to the extent that any discrepancy may exist between
           the number of Warrants purported to be outstanding in respect of any
           Holder as evidenced by a Warrant Certificate that has been lost or
           mutilated and the number attributable to such Holder in the Warrant
           Registry, then the Warrant Registry shall control for all purposes,
           absent a showing of manifest error. Each Holder requesting a
           substitute Warrant Certificate due to loss, theft or destruction
           shall, prior to receiving such substitute certificate, provide an
           affidavit to the Corporation in the form prescribed thereby and
           signed by (and notarized on behalf of) such Holder. Applicants for a
           substitute Warrant Certificate shall comply with such other
           reasonable regulations and pay such other reasonable charges as the
           Corporation may prescribe.

SECTION 5. ADJUSTMENT OF PURCHASE PRICE AND NUMBER OF WARRANT SHARES OR
WARRANTS.

           (a)        Subject to the provisions of this Warrant Certificate and
                      applicable law, in the event the Corporation shall, at any
                      time or from time to time after the date hereof, issue any
                      shares of Common Stock as a stock dividend to the holders
                      of Common Stock, or subdivide or combine the outstanding
                      shares of Common Stock into a greater or lesser number of
                      shares (any such sale, issuance, subdivision or
                      combination being herein called a "CHANGE OF SHARES"),
                      then, and thereafter upon each further Change of Shares,
                      the Purchase Price and the Call Price in effect
                      immediately prior to such Change of Shares shall be
                      reduced, but in no event increased, to a price (the
                      "ADJUSTED PURCHASE Price") determined by multiplying the
                      Purchase Price in effect immediately prior to such Change
                      of Shares by a fraction, the numerator of which shall be
                      the sum of the number of shares of Common Stock
                      outstanding immediately prior to the issuance of such
                      additional shares plus the number of shares of Common
                      Stock which the aggregate consideration received by the
                      Corporation would purchase at such Purchase Price, and the
                      denominator of which shall be the sum of the number of
                      shares of Common Stock outstanding immediately after the
                      issuance of such additional shares. Such adjustment to the
                      Purchase Price shall be made successively whenever an
                      issuance is made after a Change of Shares has occurred.

                      Upon each adjustment of the Purchase Price pursuant to
                      this Section 5(a), the total number of shares of Common
                      Stock purchasable upon the exercise of each Warrant shall
                      become (subject to the provisions contained in Section
                      5(b) hereof) such number of shares (calculated to the
                      nearest tenth) purchasable at the Purchase Price in effect
                      immediately prior to such adjustment multiplied by a
                      fraction, the numerator of which shall be the Purchase
                      Price in effect immediately prior to such adjustment and
                      the denominator of which shall be the applicable Adjusted
                      Purchase Price (rounded to the nearest whole number of
                      shares). No fractional shares shall be issued or called
                      for as a result of any adjustment made hereunder.

           (b)        The Corporation may elect, at its sole discretion, upon
                      any adjustment of the Purchase Price hereunder, to adjust
                      the number of Warrants outstanding, in lieu of adjustment
                      of the number of Warrant Shares purchasable upon the
                      exercise of each Warrant as hereinabove provided, so that
                      each Warrant outstanding after such adjustment shall
                      represent the right to purchase one Warrant Share. Each
                      Warrant held of record prior to such adjustment of the
                      number of Warrants shall become that number of Warrants
                      (calculated to the nearest tenth) determined by
                      multiplying the number one by a fraction, the numerator of
                      which shall be the Purchase Price in effect immediately
                      prior to such adjustment and the denominator of which
                      shall be the Adjusted Purchase Price. Upon each adjustment
                      of the number of Warrants pursuant to this Section 5(b),
                      the Corporation shall, as promptly as practicable, cause
                      to be distributed to each Holder of Warrant Certificates,
                      on the date of such adjustment, Warrant Certificates
                      evidencing the adjusted number of Warrants to which such
                      Holder shall be entitled as a result of such adjustment
                      or, at the sole option of the Corporation, cause to be
                      distributed to such Holder in substitution and replacement
                      for the Warrant Certificates held by him prior to the date
                      of adjustment, and upon surrender thereof, (if required by
                      the Corporation) new Warrant Certificates evidencing the
                      aggregate number of Warrants to which such Holder shall be
                      entitled after such adjustment.

           (c)        In case of any reclassification, capital reorganization or
                      other change of outstanding shares of Common Stock, or in
                      case of any consolidation or merger of the Corporation
                      with or into another corporation (other than a
                      consolidation or merger in which the Corporation is the
                      continuing corporation and which does not result in any
                      reclassification, capital reorganization or other change
                      of outstanding shares of Common Stock), or in case of any
                      sale or conveyance to another corporation of all, or
                      substantially all, of the property of the Corporation
                      (other than a sale/leaseback, mortgage or other financing
                      transaction), the Corporation shall cause effective
                      provision to be made so that each holder of a Warrant then
                      outstanding shall have the right thereafter, by exercising
                      such Warrant, to purchase the kind and number of shares of
                      stock or other securities or property (including cash)
                      receivable upon such reclassification, capital
                      reorganization or other change, consolidation, merger,
                      sale or conveyance by a holder of the number of Warrant
                      Shares that might have been purchased upon exercise of
                      such Warrant immediately prior to such reclassification,
                      capital reorganization or other change, consolidation,
                      merger, sale or conveyance. Any such provision shall
                      include provision for adjustments that shall be as nearly
                      equivalent as may be practicable to the adjustments
                      provided for in this Section 5 upon a Change of Shares.
                      The Corporation shall not effect any such consolidation,

                                      19
<PAGE>

                      merger or sale without the written consent of Holders of a
                      majority of the Warrants then outstanding, unless prior to
                      or simultaneously with the consummation thereof the
                      successor (if other than the Corporation) resulting from
                      such consolidation or merger or the corporation purchasing
                      assets or other appropriate corporation or entity shall
                      assume, by written instrument executed and delivered to
                      the Corporation, the obligation to deliver to the holder
                      of each Warrant such substitute warrants, shares of stock,
                      securities or assets as, in accordance with the foregoing
                      provisions, such Holders may be entitled to purchase, and
                      the other obligations of the Corporation set out in this
                      Certificate. The foregoing provisions shall similarly
                      apply to successive reclassifications, capital
                      reorganizations and other changes of outstanding shares of
                      Common Stock and to successive consolidations, mergers,
                      sales or conveyances.

           (d)        Irrespective of any adjustments or changes in the Purchase
                      Price or the number of Warrant Shares purchasable upon
                      exercise of the Warrants, all Warrant Certificates issued
                      (whether prior to or subsequent to any event causing an
                      adjustment thereof) shall continue to express the Purchase
                      Price per share, and the number of shares purchasable
                      thereunder as originally expressed in the Warrant
                      Certificate initially issued to any Holder.

           (e)        After each adjustment of the Purchase Price pursuant to
                      this Section 5, the Corporation will promptly prepare a
                      certificate signed by the Chairman or Chief Executive
                      Officer, and attested by the Secretary or an Assistant
                      Secretary, of the Corporation setting forth: (i) the
                      Purchase Price as so adjusted, (ii) the number of shares
                      of Common Stock purchasable upon exercise of each Warrant
                      after such adjustment or, if the Corporation shall have
                      elected to adjust the number of Warrants, the number of
                      Warrants to which the Holder of each Warrant shall then be
                      entitled, and (iii) a brief statement of the facts
                      accounting for such adjustment. The Corporation will
                      promptly cause a brief summary thereof to be sent by
                      ordinary first class mail to each Holder of Warrants at
                      his or her last address as it shall appear on the registry
                      books of the Corporation. No failure to mail such notice
                      nor any defect therein nor in the mailing thereof shall
                      affect the validity thereof. The affidavit of the
                      Secretary or an Assistant Secretary of the Corporation
                      that such notice has been mailed shall, in the absence of
                      fraud, be prima facie evidence of the facts stated
                      therein.

           (f)        As used in this Section 5, references to "Common Stock"
                      shall mean and include all of the Corporation's Common
                      Stock authorized on the date hereof and shall also include
                      any capital stock of any class of the Corporation
                      thereafter authorized which shall not be limited to a
                      fixed sum or percentage in respect of the rights of the
                      holders thereof to participate in dividends and in the
                      distribution of assets upon the voluntary liquidation,
                      dissolution or winding up of the Corporation; provided,
                      however, that "Warrant Shares" shall include only shares
                      of such class designated in the Corporation's Certificate
                      of Incorporation as Common Stock on the date hereof or (i)
                      in the case of any reclassification, change,
                      consolidation, merger, sale or conveyance of the character
                      referred to in Section 5(c) hereof, the stock, securities

                                       20
<PAGE>

                      or property provided for in such section, or (ii) in the
                      case of any reclassification or change in the outstanding
                      shares of Common Stock issuable upon exercise of the
                      Warrants as a result of a subdivision or combination or
                      consisting of a change in par value, or from par value to
                      no par value, or from no par value to par value, such
                      shares of Common Stock as so reclassified or changed.

           (g)        Any determination as to whether an adjustment in the
                      Purchase Price in effect hereunder is required pursuant to
                      this Section 5, or as to the amount of any such
                      adjustment, if required, shall be binding upon all holders
                      of Warrants and the Corporation if made in good faith by
                      the Board of Directors of the Corporation. For purposes of
                      this Section 5(g), the Corporation's Board of Directors
                      shall be deemed to have acted in good faith if it makes
                      any such decision in reliance upon advice of its legal
                      counsel and/or another independent professional hired to
                      advise the Board on such matters.

SECTION 6. RESTRICTIVE LEGEND.

           (a)        Except as otherwise provided in this Section 6, each
                      Warrant Certificate and each certificate evidencing the
                      issuance of Warrant Shares (whether issued in the name of
                      the original Holder of this Certificate or of any
                      subsequent transferee thereof), shall be stamped or
                      otherwise imprinted with a legend in substantially the
                      following form:

                      "THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL
                      NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT
                      OF 1933, AS AMENDED (THE "ACT"). THESE SECURITIES MAY BE
                      OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)
                      TO THE ISSUER, (B) OUTSIDE THE UNITED STATES IN COMPLIANCE
                      WITH REGULATION S UNDER THE ACT, (C) IN COMPLIANCE WITH
                      THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS UNDER THE
                      ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN
                      ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS, OR (D)
                      IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER
                      THE ACT OR ANY APPLICABLE STATE LAWS, AND THE HOLDER HAS,
                      PRIOR TO SUCH SALE, FURNISHED TO THE ISSUER AN OPINION OF
                      COUNSEL OR OTHER EVIDENCE OF EXEMPTION, IN EITHER CASE
                      REASONABLY SATISFACTORY TO THE ISSUER. DELIVERY OF THIS
                      CERTIFICATE MAY NOT CONSTITUTE "GOOD DELIVERY" IN
                      SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA.
                      THE HOLDER HEREOF WILL NOT, DIRECTLY OR INDIRECTLY, ENGAGE
                      IN ANY HEDGING TRANSACTION WITH REGARD TO THIS SECURITY,
                      EXCEPT AS PERMITTED BY THE ACT. "

                                       21
<PAGE>

           (b)        Each certificate evidencing the issuance of Warrant Shares
                      and each Warrant Certificate, Warrant Shares may also bear
                      such other restrictive legends as may be necessary to
                      apply with applicable law in the Corporation's reasonable
                      discretion. The legend requirements of Sections 6(a) above
                      shall terminate as to any particular Warrant or Warrant
                      Share: (i) when and so long as such security shall have
                      been effectively registered under the Securities Act and
                      is disposed of pursuant thereto; or (ii) when the Company
                      shall have received an opinion of counsel reasonably
                      satisfactory to it that such shares may be sold to the
                      public without registration thereof under the Securities
                      Act. Whenever the legend requirements imposed by this
                      Section 6 shall terminate as to any Warrant Share, as
                      hereinabove provided, the Holder hereof shall be entitled
                      to receive from the Corporation, at the Corporation's
                      expense, a new certificate representing such Warrant
                      Shares and not bearing the restrictive legend set forth in
                      Section 6(a).

SECTION 7. RIGHTS OF ACTION. All rights of action with respect to the
           Warrants are vested in the Holders of the Warrants, and any Holder of
           a Warrant, without consent of the holder of any other Warrant, may,
           in such Holder's own behalf and for his own benefit, enforce against
           the Company his right to exercise his Warrants for the purchase of
           Warrant Shares in the manner provided in this Warrant Certificate.

SECTION 8. AGREEMENT OF WARRANT HOLDERS. Every holder of a Warrant, by
           his or her acceptance thereof, consents and agrees with the
           Corporation and every other holder of a Warrant that:

           (a)        The Warrant Registry shall be maintained by the
                      Corporation's Secretary, and shall be the official
                      register of all Warrants issued to any person in the
                      Offering. The Warrant Registry shall be dispositive as to
                      the issuance, ownership, transfer and other aspects of
                      each Warrant issued by the Corporation which are recorded
                      therein and, absent manifest error, such records shall
                      control for all purposes.

           (b)        The Warrants are transferable only on the Warrant Registry
                      by the Holder thereof in person or by his attorney duly
                      authorized in writing and only if the Warrant Certificates
                      representing such Warrants are surrendered at the
                      Corporate Office of the Corporation, duly endorsed or
                      accompanied by a proper instrument of transfer
                      satisfactory to the Corporation in its sole discretion,
                      together with payment of the amount of any applicable
                      transfer taxes; and

           (c)        The Corporation may deem and treat the person in whose
                      name the Warrant Certificate is registered on the Warrant
                      Registry as the holder and as the absolute, true and
                      lawful owner of the Warrants represented thereby for all
                      purposes, and the Corporation shall not be affected by any
                      notice or knowledge to the contrary, except as otherwise
                      expressly provided in this Certificate.

                                       22
<PAGE>

SECTION 9. CALL RIGHT.  Subject to the  provisions  of this  Section 9, at any
           time following the date on which the closing price of the
           Corporation's common stock on the OTC Bulletin Board (or on such
           other over-the-counter market or stock exchange on which the
           Corporation's stock may then be traded) has equaled or exceeded $0.80
           per share (the" CALL PRICE") as such price may be adjusted from time
           to time pursuant to Section 5, the Company may call for cancellation
           of the portion or all of this Warrant which the Holder has not
           exercised prior to 5:00 p.m. Pacific Time on the Call Date (as
           defined below). To exercise this right, the Corporation must deliver
           to the Holder an irrevocable written notice (a "CALL NOTICE"),
           indicating therein that this Warrant shall be cancelled. This Warrant
           shall be cancelled at 5:00 p.m. Pacific Time on the 45th day after
           the date the Call Notice is sent to Holder.

SECTION 10. MODIFICATION OF WARRANTS. Other than with respect to any adjustment
           made by the Corporation in accordance with the provisions of Section
           5 hereof, this Certificate may only be modified, supplemented or
           altered by the Corporation, and only with the consent in writing of
           the Holder.

SECTION 11. NOTICES.  All notices, requests, consents and other communications
           hereunder shall be in writing and shall be deemed to have been made
           when delivered or mailed first class registered or certified mail,
           postage prepaid as follows: if to the Holder of a Warrant
           Certificate, at the address of such Holder as shown on the Warrant
           Registry maintained by the Corporation; and if to the Corporation,
           addressed as set forth below, or at such other address as may be
           designated by the Corporation from time to time in accordance with
           this Section 11.

           If to the Corporation:            Reclamation Consulting &
                                             Applications, Inc.
                                             940 Calle Amanecer, Suite E
                                             San Clemente, CA 92673
                                             Attn:    Mr. Gordon W. Davies
                                                      President

           With a copy (which shall
           not constitute notice) to:        August Law Group, P.C.
                                             19200 Von Karman, Suite 900
                                             Irvine, California  92614
                                             Attn:    Kenneth S. August, Esquire
                                                      President

SECTION 12. GOVERNING LAW;  VENUE.  This Agreement  shall be governed by and
           construed in accordance with the internal laws of the State of
           California applicable to the performance and enforcement of contracts
           made within such state, without giving effect to the law of conflicts
           of laws applied thereby. In the event that any dispute shall occur
           between the parties arising out of or resulting from the
           construction, interpretation, enforcement or any other aspect of this
           Agreement, the parties hereby agree to accept the exclusive
           jurisdiction of the Courts of the State of California sitting in and
           for the County of Orange.

                                       23
<PAGE>

SECTION 13. ENTIRE UNDERSTANDING. This Certificate contains the entire
           understanding among the Corporation and the Holder relating to the
           subject matter covered herein, and merges all prior discussions,
           negotiations and agreements, if any between them. Neither of the
           parties to this agreement shall be bound by any representations,
           warranties, covenants, or other understandings relating to such
           subject matter, other than as expressly provided for or referred to
           herein.

         IN WITNESS WHEREOF, the Corporation has caused this Warrant Certificate
to be duly executed, manually or in facsimile, by two of its officers thereunto
duly authorized, as of the date set forth below.

Dated Effective:  October 1, 2007

RECLAMATION CONSULTING AND APPLICATIONS, INC.
A Colorado corporation

------------------------------------
By:  Gordon W. Davies
Its:  President

                                       24
<PAGE>

                                  ATTACHMENT 1

                               TO WARRANTS FOR THE
                            PURCHASE OF COMMON STOCK

                               NOTICE OF EXERCISE

TO:      RECLAMATION CONSULTING AND APPLICATIONS, INC. (the "Company")

1. The undersigned hereby elects to purchase ____________ shares of Company
common stock, pursuant to the terms of the attached Warrant, and tenders
herewith payment of the purchase price in full, together with all applicable
transfer taxes, if any.

2. The undersigned hereby certifies that it is not a U.S. Person (as defined by
Rule 902 of the Securities Act of 1933, as amended) and that the warrant is not
being exercised for the account or benefit of or on behalf of a U.S. Person.

3. Please issue a certificate or certificates representing said shares of
Company common stock in the name of the undersigned or in such other name as is
specified below:

                       ----------------------------------
                                     (Name)

                       ----------------------------------
                                    (Address)

-------------------------------            -------------------------------------
(Date)                                    (Name of Warrant Holder)

                                    By:
                                        ----------------------------------------

                                    Title:
                                           -------------------------------------
                                            (Name of purchaser, and title and
                                            signature of authorized person)

                                       25
<PAGE>

                                   SCHEDULE C

                            to Convertible Debenture

                              NOTICE OF CONVERSION

TO:      RECLAMATION CONSULTING AND APPLICATIONS, INC. (the "Company")

1. The undersigned hereby elects to convert to Company common stock the amounts
of outstanding Principal, unpaid accrued interest and/or future interest under
the attached Convertible Debenture and the attached Promissory Note(s), all
pursuant to the terms of the Convertible Debenture, in the amounts designated
below:

         Principal:                 $_____________
         Accrued Interest:          $_____________
         Future Interest:           $_____________

2. The undersigned hereby certifies that it is not a U.S. Person (as defined by
Rule 902 of the Securities Act of 1933, as amended) and that this conversion is
not being effected for the account or benefit of or on behalf of a U.S. Person.

3. Please issue a certificate or certificates representing said shares of
Company common stock in the name of the undersigned or in such other name as is
specified below:

                       ----------------------------------
                                     (Name)

                       ----------------------------------
                                    (Address)

------------------------------             -------------------------------
(Date)                                     (Name of Lender)

                                    By:
                                        ----------------------------------------

                                    Title:
                                           -------------------------------------
                                            (Name of Lender, and title and
                                            signature of authorized person)

                                       26

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