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      EXHIBIT
        4.2

       

      THIS
        WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE HEREOF HAVE
        NOT
        BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
        ACT”) OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
        DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER APPLICABLE
        STATE SECURITIES LAWS OR THE ISSUER SHALL HAVE RECEIVED AN OPINION OF COUNSEL
        REASONABLY SATISFACTORY TO THE ISSUER THAT REGISTRATION OF SUCH SECURITIES
        UNDER
        THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES
        LAWS
        IS NOT REQUIRED.

       

      SERIES
        B
        WARRANT TO PURCHASE

       

      SHARES
        OF
        COMMON STOCK

       

      OF

       

      VICTORY
        DIVIDE MINING COMPANY 

       

      Expires
        on October 2, 2012

      

        
          	
                  No.:
                    W-B-07- 

                	
                  Number
                    of Shares: Up to _________

                
	
                  Date
                    of Issuance: October 3, 2007

                	 

      

        
        

      FOR
        VALUE
        RECEIVED, the undersigned, Victory Divide Mining Company, a Nevada corporation
        (together with its successors and assigns, the “Issuer”),
        hereby certifies that ______________
        or
        its
        registered assigns (the “Holder”)
        is
        entitled to subscribe for and purchase, during the Term (as hereinafter
        defined), up to __________
        shares
        (subject to adjustment as hereinafter provided) of the duly authorized, validly
        issued, fully paid and non-assessable Common Stock of the Issuer, at an exercise
        price per share equal to the Warrant Price then in effect, subject, however,
        to
        the provisions and upon the terms and conditions hereinafter set forth.

       

      1. Term.
        The
        term of this Warrant shall commence on October 3, 2007 and shall expire at
        6:00
        p.m., Eastern Time, on October 2, 2012 (such period being the “Term”
and
        such date, the “Termination
        Date”).

       

      2. Method
        of Exercise; Payment; Issuance of New Warrant; Transfer and
        Exchange.

       

      (a) Time
        of Exercise.
        The
        purchase rights represented by this Warrant may be exercised in whole or
        in part
        during the Term for such number of shares of Common Stock set forth above,
        which
        number is equal to one hundred percent (100%) of the number of shares of
        Common
        Stock into which the Series A Convertible Preferred Stock issued by the Issuer
        to the Holder on the Original Issue Date pursuant to the Purchase Agreement
        may
        be converted.

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      (b) Method
        of Exercise.
        The
        Holder hereof may exercise this Warrant, in whole or in part, by the surrender
        of this Warrant (with the exercise form attached hereto duly executed) at
        the
        principal office of the Issuer, and by the payment to the Issuer of an amount
        of
        consideration therefor equal to the Warrant Price in effect on the date of
        such
        exercise multiplied by the number of shares of Warrant Stock with respect
        to
        which this Warrant is then being exercised, payable at such Holder’s election
        (i) by certified or official bank check or by wire transfer to an account
        designated by the Issuer, (ii) by “cashless exercise” in accordance with Section
        2(c), but only when a registration statement under the Securities Act providing
        for the resale of the Warrant Stock is not then in effect, or (iii) by a
        combination of the foregoing methods of payment selected by the Holder of
        this
        Warrant.

       

      (c) Cashless
        Exercise.
        Notwithstanding any provision herein to the contrary, and (i) the volume
        weighted average price of one share of Common Stock on the OTC Bulletin Board
        or
        such other securities exchange on which the Common Stock is then traded or
        included for quotation, for any ten (10) consecutive Trading Days is greater
        than the Warrant Price (at or prior to the date of calculation as set forth
        below) and (ii) commencing eighteen (18) months following the Original Issue
        Date if a registration statement under the Securities Act providing for the
        resale of the Warrant Stock (A) has not been declared effective by the
        Securities and Exchange Commission by the date such registration statement
        is
        required to be effective pursuant to the Registration Rights Agreement (as
        defined in Section 8), or (B) is not effective at the time of exercise of
        this
        Warrant, unless the registration statement is not effective as a result of
        the
        Issuer exercising its rights under Section 3(n) of the Registration Rights
        Agreement, in lieu of exercising this Warrant by payment of cash, the Holder
        may
        exercise this Warrant by a cashless exercise and shall receive the number
        of
        shares of Common Stock equal to an amount (as determined below) by surrender
        of
        this Warrant at the principal office of the Issuer together with the properly
        endorsed Notice of Exercise in which event the Issuer shall issue to the
        Holder
        a number of shares of Common Stock computed using the following
        formula:

      
        	 	 
	 	
                X
                  =
                  Y - (A)(Y)

              
	 	
                B

              
	 	 	 
	
                Where
                  

              	
                X
                  =
                  

              	
                the
                  number of shares of Common Stock to be issued to the
                  Holder.

              
	 	 	 
	 	
                Y
                  =
                  

              	
                the
                  number of shares of Common Stock purchasable upon exercise of all
                  of the
                  Warrant or, if only a portion of the Warrant is being exercised,
                  the
                  portion of the Warrant being exercised.

              
	 	 	 
	 	
                A
                  =
                  

              	
                the
                  Warrant Price.

              
	 	 	 
	 	
                B
                  =
                  

              	
                the
                  Per Share Market Value of one share of Common
                  Stock.

              

      

       

      (d) Issuance
        of Stock Certificates.
        In the
        event of any exercise of this Warrant in accordance with and subject to the
        terms and conditions hereof, certificates for the shares of Warrant Stock
        so
        purchased shall be dated the date of such exercise and delivered to the Holder
        hereof within a reasonable time, not exceeding three (3) Trading Days after
        such
        exercise (the “Delivery
        Date”)
        or, at
        the request of the Holder (provided that a registration statement under the
        Securities Act providing for the resale of the Warrant Stock is then in effect
        or that the shares of Warrant Stock are otherwise exempt from registration),
        issued and delivered to the Depository Trust Company (“DTC”)
        account on the Holder’s behalf via the Deposit Withdrawal Agent Commission
        System (“DWAC”)
        within
        a reasonable time, not exceeding three (3) Trading Days after such exercise,
        and
        the Holder hereof shall be deemed for all purposes to be the holder of the
        shares of Warrant Stock so purchased as of the date of such exercise.
        Notwithstanding the foregoing to the contrary, the Issuer or its transfer
        agent
        shall only be obligated to issue and deliver the shares to the DTC on a holder’s
        behalf via DWAC if such exercise is in connection with a sale or other exemption
        from registration by which the shares may be issued without a restrictive
        legend
        and the Issuer and its transfer agent are participating in DTC through the
        DWAC
        system. The Holder shall deliver this original Warrant, or an indemnification
        undertaking with respect to such Warrant in the case of its loss, theft or
        destruction, at such time that this Warrant is fully exercised. With respect
        to
        partial exercises of this Warrant, the Issuer shall keep written records
        for the
        Holder of the number of shares of Warrant Stock exercised as of each date
        of
        exercise.

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      (e) Compensation
        for Buy-In on Failure to Timely Deliver Certificates Upon
        Exercise.
        In
        addition to any other rights available to the Holder, if the Issuer fails
        to
        cause its transfer agent to transmit to the Holder a certificate or certificates
        representing the Warrant Stock pursuant to an exercise on or before the Delivery
        Date, and if after such date the Holder is required by its broker to purchase
        (in an open market transaction or otherwise) shares of Common Stock to deliver
        in satisfaction of a sale by the Holder of the Warrant Stock which the Holder
        anticipated receiving upon such exercise (a “Buy-In”),
        then
        the Issuer shall (1) pay in cash to the Holder the amount by which (x) the
        Holder’s total purchase price (including brokerage commissions, if any) for the
        shares of Common Stock so purchased exceeds (y) the amount obtained by
        multiplying (A) the number of shares of Warrant Stock that the Issuer was
        required to deliver to the Holder in connection with the exercise at issue
        times
        (B) the price at which the sell order giving rise to such purchase obligation
        was executed, and (2) at the option of the Holder, either reinstate the portion
        of the Warrant and equivalent number of shares of Warrant Stock for which
        such
        exercise was not honored or deliver to the Holder the number of shares of
        Common
        Stock that would have been issued had the Issuer timely complied with its
        exercise and delivery obligations hereunder. For example, if the Holder
        purchases Common Stock having a total purchase price of $11,000 to cover
        a
        Buy-In with respect to an attempted exercise of shares of Common Stock with
        an
        aggregate sale price giving rise to such purchase obligation of $10,000,
        under
        clause (1) of the immediately preceding sentence the Issuer shall be required
        to
        pay the Holder $1,000. The Holder shall provide the Issuer written notice
        indicating the amounts payable to the Holder in respect of the Buy-In, together
        with applicable confirmations and other evidence reasonably requested by
        the
        Issuer. Nothing herein shall limit a Holder’s right to pursue any other remedies
        available to it hereunder, at law or in equity including, without limitation,
        a
        decree of specific performance and/or injunctive relief with respect to the
        Issuer’s failure to timely deliver certificates representing shares of Common
        Stock upon exercise of this Warrant as required pursuant to the terms
        hereof.

       

      (f) Transferability
        of Warrant.
        Subject
        to Section 2(h) hereof, this Warrant may be transferred by a Holder, in whole
        or
        in part, without the consent of the Issuer. If transferred pursuant to this
        paragraph, this Warrant may be transferred on the books of the Issuer by
        the
        Holder hereof in person or by duly authorized attorney, upon surrender of
        this
        Warrant at the principal office of the Issuer, properly endorsed (by the
        Holder
        executing an assignment in the form attached hereto) and upon payment of
        any
        necessary transfer tax or other governmental charge imposed upon such transfer.
        This Warrant is exchangeable at the principal office of the Issuer for Warrants
        to purchase the same aggregate number of shares of Warrant Stock, each new
        Warrant to represent the right to purchase such number of shares of Warrant
        Stock as the Holder hereof shall designate at the time of such exchange.
        All
        Warrants issued on transfers or exchanges shall be dated the Original Issue
        Date
        and shall be identical with this Warrant except as to the number of shares
        of
        Warrant Stock issuable pursuant thereto.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      (g) Continuing
        Rights of Holder.
        The
        Issuer will, at the time of or at any time after each exercise of this Warrant,
        upon the request of the Holder hereof, acknowledge in writing the extent,
        if
        any, of its continuing obligation to afford to such Holder all rights to
        which
        such Holder shall continue to be entitled after such exercise in accordance
        with
        the terms of this Warrant, provided that if any such Holder shall fail to
        make
        any such request, the failure shall not affect the continuing obligation
        of the
        Issuer to afford such rights to such Holder.

       

      (h) Compliance
        with Securities Laws.

       

      (i) The
        Holder of this Warrant, by acceptance hereof, acknowledges that this Warrant
        and
        the shares of Warrant Stock to be issued upon exercise hereof are being acquired
        solely for the Holder’s own account and not as a nominee for any other party,
        and for investment, and that the Holder will not offer, sell or otherwise
        dispose of this Warrant or any shares of Warrant Stock to be issued upon
        exercise hereof except pursuant to an effective registration statement, or
        an
        exemption from registration, under the Securities Act and any applicable
        state
        securities laws.

       

      (ii) Except
        as
        provided in paragraph (iii) below, this Warrant and all certificates
        representing shares of Warrant Stock issued upon exercise hereof shall be
        stamped or imprinted with a legend in substantially the following
        form:

       

      THIS
        WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE HEREOF HAVE
        NOT
        BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
        ACT”) OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
        DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER APPLICABLE
        STATE SECURITIES LAWS OR THE ISSUER SHALL HAVE RECEIVED AN OPINION OF COUNSEL
        REASONABLY SATISFACTORY TO THE ISSUER THAT REGISTRATION OF SUCH SECURITIES
        UNDER
        THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES
        LAWS
        IS NOT REQUIRED.

       

      (iii) The
        Issuer agrees to reissue this Warrant or certificates representing any of
        the
        Warrant Stock, without the legend set forth above if at such time, prior
        to
        making any transfer of any such securities, the Holder shall give written
        notice
        to the Issuer describing the manner and terms of such transfer. Such proposed
        transfer will not be effected until: (a) either (i) the Issuer has received
        an
        opinion of counsel reasonably satisfactory to the Issuer, to the effect that
        the
        registration of such securities under the Securities Act is not required
        in
        connection with such proposed transfer, (ii) a registration statement under
        the
        Securities Act covering such proposed disposition has been filed by the Issuer
        with the Securities and Exchange Commission and has become effective under
        the
        Securities Act, (iii) the Issuer has received other evidence reasonably
        satisfactory to the Issuer that such registration and qualification under
        the
        Securities Act and state securities laws are not required, or (iv) the Holder
        provides the Issuer with reasonable assurances that such security can be
        sold
        pursuant to Rule 144 under the Securities Act; and (b) either (i) the Issuer
        has
        received an opinion of counsel reasonably satisfactory to the Issuer, to
        the
        effect that registration or qualification under the securities or “blue sky”
laws of any state is not required in connection with such proposed disposition,
        or (ii) compliance with applicable state securities or “blue sky” laws has been
        effected or a valid exemption exists with respect thereto. The Issuer will
        respond to any such notice from a holder within three (3) Trading Days. In
        the
        case of any proposed transfer under this Section 2(h), the Issuer will use
        reasonable efforts to comply with any such applicable state securities or
“blue
        sky” laws, but shall in no event be required, (x) to qualify to do business in
        any state where it is not then qualified, (y) to take any action that would
        subject it to tax or to the general service of process in any state where
        it is
        not then subject, or (z) to comply with state securities or “blue sky” laws of
        any state for which registration by coordination is unavailable to the Issuer.
        The restrictions on transfer contained in this Section 2(h) shall be in addition
        to, and not by way of limitation of, any other restrictions on transfer
        contained in any other section of this Warrant. Whenever a certificate
        representing the Warrant Stock is required to be issued to the Holder without
        a
        legend, in lieu of delivering physical certificates representing the Warrant
        Stock, the Issuer shall cause its transfer agent to electronically transmit
        the
        Warrant Stock to the Holder by crediting the account of the Holder or Holder’s
        Prime Broker with DTC through its DWAC system (to the extent not inconsistent
        with any provisions of this Warrant or the Purchase Agreement).

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      (i) Accredited
        Investor Status.
        In no
        event may the Holder exercise this Warrant in whole or in part unless the
        Holder
        is an “accredited investor” as defined in Regulation D under the Securities
        Act.

       

      3. Stock
        Fully Paid; Reservation and Listing of Shares; Covenants.

       

      (a) Stock
        Fully Paid.
        The
        Issuer represents, warrants, covenants and agrees that all shares of Warrant
        Stock which may be issued upon the exercise of this Warrant or otherwise
        hereunder will, when issued in accordance with the terms of this Warrant,
        be
        duly authorized, validly issued, fully paid and non-assessable and free from
        all
        taxes, liens and charges created by or through the Issuer. The Issuer further
        covenants and agrees that during the period within which this Warrant may
        be
        exercised, the Issuer will at all times have authorized and reserved for
        the
        purpose of the issuance upon exercise of this Warrant a number of authorized
        but
        unissued shares of Common Stock equal to at least one hundred percent (100%)
        of
        the number of shares of Common Stock issuable upon exercise of this Warrant
        without regard to any limitations on exercise.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      (b) Reservation.
        If any
        shares of Common Stock required to be reserved for issuance upon exercise
        of
        this Warrant or as otherwise provided hereunder require registration or
        qualification with any Governmental Authority under any federal or state
        law
        before such shares may be so issued, the Issuer will in good faith use its
        best
        efforts as expeditiously as possible at its expense to cause such shares
        to be
        duly registered or qualified. If the Issuer shall list any shares of Common
        Stock on any securities exchange or market it will, at its expense, list
        thereon, and maintain and increase when necessary such listing, of, all shares
        of Warrant Stock from time to time issued upon exercise of this Warrant or
        as
        otherwise provided hereunder (provided that such Warrant Stock has been
        registered pursuant to a registration statement under the Securities Act
        then in
        effect), and, to the extent permissible under the applicable securities exchange
        rules, all unissued shares of Warrant Stock which are at any time issuable
        hereunder, so long as any shares of Common Stock shall be so listed. The
        Issuer
        will also so list on each securities exchange or market, and will maintain
        such
        listing of, any other securities which the Holder of this Warrant shall be
        entitled to receive upon the exercise of this Warrant if at the time any
        securities of the same class shall be listed on such securities exchange
        or
        market by the Issuer.

       

      (c) Covenants.
        The
        Issuer shall not by any action including, without limitation, amending the
        Articles of Incorporation or the by-laws of the Issuer, or through any
        reorganization, transfer of assets, consolidation, merger, dissolution, issue
        or
        sale of securities or any other action, avoid or seek to avoid the observance
        or
        performance of any of the terms of this Warrant, but will at all times in
        good
        faith assist in the carrying out of all such terms and in the taking of all
        such
        actions as may be necessary or appropriate to protect the rights of the Holder
        hereof against dilution (to the extent specifically provided herein) or
        impairment. Without limiting the generality of the foregoing, the Issuer
        will
        (i) not permit the par value, if any, of its Common Stock to exceed the then
        effective Warrant Price, (ii) not amend or modify any provision of the Articles
        of Incorporation or by-laws of the Issuer in any manner that would adversely
        affect the rights of the Holders of the Warrants, (iii) take all such action
        as
        may be reasonably necessary in order that the Issuer may validly and legally
        issue fully paid and nonassessable shares of Common Stock, free and clear
        of any
        liens, claims, encumbrances and restrictions (other than as provided herein)
        upon the exercise of this Warrant, and (iv) use its best efforts to obtain
        all
        such authorizations, exemptions or consents from any public regulatory body
        having jurisdiction thereof as may be reasonably necessary to enable the
        Issuer
        to perform its obligations under this Warrant.

       

      (d) Loss,
        Theft, Destruction of Warrants.
        Upon
        receipt of evidence satisfactory to the Issuer of the ownership of and the
        loss,
        theft, destruction or mutilation of any Warrant and, in the case of any such
        loss, theft or destruction, upon receipt of indemnity or security satisfactory
        to the Issuer or, in the case of any such mutilation, upon surrender and
        cancellation of such Warrant, the Issuer will make and deliver, in lieu of
        such
        lost, stolen, destroyed or mutilated Warrant, a new Warrant of like tenor
        and
        representing the right to purchase the same number of shares of Common
        Stock.

       

      (e) Payment
        of Taxes.
        The
        Issuer will pay any documentary stamp taxes attributable to the initial issuance
        of the Warrant Stock issuable upon exercise of this Warrant; provided,
        however,
        that
        the Issuer shall not be required to pay any tax or taxes which may be payable
        in
        respect of any transfer involved in the issuance or delivery of any certificates
        representing Warrant Stock in a name other than that of the Holder in respect
        to
        which such shares are issued.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      4. Adjustment
        of Warrant Price.
        The
        price at which such shares of Warrant Stock may be purchased upon exercise
        of
        this Warrant shall be subject to adjustment from time to time as set forth
        in
        this Section 4. The Issuer shall give the Holder notice of any event described
        below which requires an adjustment pursuant to this Section 4 in accordance
        with
        the notice provisions set forth in Section 5.

       

      (a) Recapitalization,
        Reorganization, Reclassification, Consolidation, Merger or Sale.

       

      (i) In
        case
        the Issuer after the Original Issue Date shall do any of the following (each,
        a
“Triggering
        Event”):
        (a)
        consolidate or merge with or into any other Person and the Issuer shall not
        be
        the continuing or surviving corporation of such consolidation or merger,
        or (b)
        permit any other Person to consolidate with or merge into the Issuer and
        the
        Issuer shall be the continuing or surviving Person but, in connection with
        such
        consolidation or merger, any Capital Stock of the Issuer shall be changed
        into
        or exchanged for Securities of any other Person or cash or any other property,
        or (c) transfer all or substantially all of its properties or assets to any
        other Person, or (d) effect a capital reorganization or reclassification
        of its
        Capital Stock, then, and in the case of each such Triggering Event, proper
        provision shall be made to the Warrant Price and the number of shares of
        Warrant
        Stock that may be purchased upon exercise of this Warrant so that, upon the
        basis and the terms and in the manner provided in this Warrant, the Holder
        of
        this Warrant shall be entitled upon the exercise hereof at any time after
        the
        consummation of such Triggering Event, to the extent this Warrant is not
        exercised prior to such Triggering Event, to receive at the Warrant Price
        in
        effect at the time immediately prior to the consummation of such Triggering
        Event, in lieu of the Common Stock issuable upon such exercise of this Warrant
        prior to such Triggering Event, the Securities, cash and property to which
        such
        Holder would have been entitled upon the consummation of such Triggering
        Event
        if such Holder had exercised the rights represented by this Warrant immediately
        prior thereto (including the right of a shareholder to elect the type of
        consideration it will receive upon a Triggering Event), subject to adjustments
        (subsequent to such corporate action) as nearly equivalent as possible to
        the
        adjustments provided for elsewhere in this Section 4; provided,
        however,
        the
        Holder at its option may elect to receive an amount in unregistered shares
        of
        the common stock of the surviving entity equal to the value of this Warrant
        calculated in accordance with the Black-Scholes formula; provided,
        further,
        such
        shares of Common Stock shall be valued at a twenty percent (20%) discount
        to the
        VWAP of the Common Stock for the twenty (20) Trading Days immediately prior
        to
        the Triggering Event. Immediately upon the occurrence of a Triggering Event,
        the
        Issuer shall notify the Holder in writing of such Triggering Event and provide
        the calculations in determining the number of shares of Warrant Stock issuable
        upon exercise of the new warrant and the adjusted Warrant Price. Upon the
        Holder’s request, the continuing or surviving corporation as a result of such
        Triggering Event shall issue to the Holder a new warrant of like tenor
        evidencing the right to purchase the adjusted number of shares of Warrant
        Stock
        and the adjusted Warrant Price pursuant to the terms and provisions of this
        Section 4(a)(i). Notwithstanding the foregoing to the contrary, this Section
        4(a)(i) shall only apply if the surviving entity pursuant to any such Triggering
        Event is a company that has a class of equity securities registered pursuant
        to
        the Securities Exchange Act of 1934, as amended (the “Exchange
        Act”),
        and
        its common stock is listed or quoted on a national securities exchange, national
        automated quotation system or the OTC Bulletin Board. In the event that the
        surviving entity pursuant to any such Triggering Event is not a public company
        that is registered pursuant to the Exchange Act or its common stock is not
        listed or quoted on a national securities exchange, national automated quotation
        system or the OTC Bulletin Board, then the Holder shall have the right to
        demand
        that the Issuer pay to the Holder an amount in cash equal to the value of
        this
        Warrant calculated in accordance with the Black-Scholes
        formula.

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      (ii) In
        the
        event that the Holder has elected not to exercise this Warrant prior to the
        consummation of a Triggering Event and has also elected not to receive an
        amount
        in cash equal to the value of this Warrant calculated in accordance with
        the
        Black-Scholes formula pursuant to the provisions of Section 4(a)(i) above,
        so
        long as the surviving entity pursuant to any Triggering Event is a company
        that
        has a class of equity securities registered pursuant to the Exchange Act
        and its
        common stock is listed or quoted on a national securities exchange, national
        automated quotation system or the OTC Bulletin Board, the surviving entity
        and/or each Person (other than the Issuer) which may be required to deliver
        any
        Securities, cash or property upon the exercise of this Warrant as provided
        herein shall assume, by written instrument delivered to, and reasonably
        satisfactory to, the Holder of this Warrant, (A) the obligations of the Issuer
        under this Warrant (and if the Issuer shall survive the consummation of such
        Triggering Event, such assumption shall be in addition to, and shall not
        release
        the Issuer from, any continuing obligations of the Issuer under this Warrant)
        and (B) the obligation to deliver to such Holder such Securities, cash or
        property as, in accordance with the foregoing provisions of this subsection
        (a),
        such Holder shall be entitled to receive, and the surviving entity and/or
        each
        such Person shall have similarly delivered to such Holder an opinion of counsel
        for the surviving entity and/or each such Person, which counsel shall be
        reasonably satisfactory to such Holder, or in the alternative, a written
        acknowledgement executed by the President or Chief Financial Officer of the
        Issuer, stating that this Warrant shall thereafter continue in full force
        and
        effect and the terms hereof (including, without limitation, all of the
        provisions of this subsection (a)) shall be applicable to the Securities,
        cash
        or property which the surviving entity and/or each such Person may be required
        to deliver upon any exercise of this Warrant or the exercise of any rights
        pursuant hereto.

       

      (b) Stock
        Dividends, Subdivisions and Combinations.
        If at
        any time the Issuer shall:

       

      (i) make
        or
        issue or set a record date for the holders of the Common Stock for the purpose
        of entitling them to receive a dividend payable in, or other distribution
        of,
        shares of Common Stock,

       

      (ii) subdivide
        its outstanding shares of Common Stock into a larger number of shares of
        Common
        Stock, or

       

      (iii) combine
        its outstanding shares of Common Stock into a smaller number of shares of
        Common
        Stock,

       

      then
        (1)
        the number of shares of Common Stock for which this Warrant is exercisable
        immediately after the occurrence of any such event shall be adjusted to equal
        the number of shares of Common Stock which a record holder of the same number
        of
        shares of Common Stock for which this Warrant is exercisable immediately
        prior
        to the occurrence of such event would own or be entitled to receive after
        the
        happening of such event, and (2) the Warrant Price then in effect shall be
        adjusted to equal (A) the Warrant Price then in effect multiplied by the
        number
        of shares of Common Stock for which this Warrant is exercisable immediately
        prior to the adjustment divided by (B) the number of shares of Common Stock
        for
        which this Warrant is exercisable immediately after such
        adjustment.

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

       

      (c) Certain
        Other Distributions.
        If at
        any time the Issuer shall make or issue or set a record date for the holders
        of
        the Common Stock for the purpose of entitling them to receive any dividend
        or
        other distribution of:

       

      (i) cash,

       

      (ii) any
        evidences of its indebtedness, any shares of stock of any class or any other
        securities or property of any nature whatsoever (other than cash, Common
        Stock
        Equivalents or Additional Shares of Common Stock), or

       

      (iii) any
        warrants or other rights to subscribe for or purchase any evidences of its
        indebtedness, any shares of stock of any class or any other securities or
        property of any nature whatsoever (other than cash, Common Stock Equivalents
        or
        Additional Shares of Common Stock),

       

      then
        (1)
        the number of shares of Common Stock for which this Warrant is exercisable
        shall
        be adjusted to equal the product of the number of shares of Common Stock
        for
        which this Warrant is exercisable immediately prior to such adjustment
        multiplied by a fraction (A) the numerator of which shall be the Per Share
        Market Value of Common Stock at the date of taking such record and (B) the
        denominator of which shall be such Per Share Market Value minus the amount
        allocable to one share of Common Stock of any such cash so distributable
        and of
        the fair value (as determined in good faith by the Board of Directors of
        the
        Issuer and supported by an opinion from an investment banking firm mutually
        agreed upon by the Issuer and the Holder) of any and all such evidences of
        indebtedness, shares of stock, other securities or property or warrants or
        other
        subscription or purchase rights so distributable, and (2) the Warrant Price
        then
        in effect shall be adjusted to equal (A) the Warrant Price then in effect
        multiplied by the number of shares of Common Stock for which this Warrant
        is
        exercisable immediately prior to the adjustment divided by (B) the number
        of
        shares of Common Stock for which this Warrant is exercisable immediately
        after
        such adjustment. A reclassification of the Common Stock (other than a change
        in
        par value, or from par value to no par value or from no par value to par
        value)
        into shares of Common Stock and shares of any other class of stock shall
        be
        deemed a distribution by the Issuer to the holders of its Common Stock of
        such
        shares of such other class of stock within the meaning of this Section 4(c)
        and,
        if the outstanding shares of Common Stock shall be changed into a larger
        or
        smaller number of shares of Common Stock as a part of such reclassification,
        such change shall be deemed a subdivision or combination, as the case may
        be, of
        the outstanding shares of Common Stock within the meaning of Section
        4(b).

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

       

      (d) Issuance
        of Additional Shares of Common Stock.
        

       

      (i) For
        the
        period commencing on the Original Issue Date and ending on the two (2) year
        anniversary of the Original Issue Date, in the event the Issuer shall issue
        any
        Additional Shares of Common Stock (otherwise than as provided in the foregoing
        subsections (a) through (c) of this Section 4), at a price per share less
        than
        the Warrant Price then in effect or without consideration, then the Warrant
        Price upon each such issuance shall be adjusted to the price equal to the
        consideration per share paid for such Additional Shares of Common
        Stock.

       

      (ii) For
        the
        period commencing on the two (2) year anniversary of the Original Issue Date
        and
        ending on the Termination Date, in the event the Issuer shall issue any
        Additional Shares of Common Stock (otherwise than as provided in the foregoing
        subsections (a) through (c) of this Section 4), at a price per share less
        than
        the Warrant Price then in effect or without consideration, then the Warrant
        Price then in effect shall multiplied by a fraction (a) the numerator of
        which
        shall be equal to the sum of (x) the number of shares of outstanding Common
        Stock immediately prior to the issuance of such Additional Shares of Common
        Stock plus (y) the number of shares of Common Stock (rounded to the nearest
        whole share) which the aggregate consideration for the total number of such
        Additional Shares of Common Stock so issued would purchase at a price per
        share
        equal to the Warrant Price then in effect and (b) the denominator of which
        shall
        be equal to the number of shares of outstanding Common Stock immediately
        after
        the issuance of such Additional Shares of Common Stock. For purposes of this
        Section, all shares of Common Stock issuable upon exercise of options
        outstanding immediately prior to such issue or upon conversion of Convertible
        Securities (as defined below) (including Series A Convertible Preferred Stock
        of
        the Company, par value $.001 per share) outstanding immediately prior to
        such
        issue are deemed outstanding. No adjustment of the number of shares of Common
        Stock for which this Warrant shall be exercisable shall be made pursuant
        to this
        Section 4(d)(ii) upon the issuance of any Additional Shares of Common Stock
        which are issued pursuant to the exercise of any Common Stock Equivalents,
        if
        any such adjustment shall previously have been made upon the issuance of
        such
        Common Stock Equivalents (or upon the issuance of any warrant or other rights
        therefor) pursuant to Section 4(e).

       

      (e) Issuance
        of Common Stock Equivalents.
        In the
        event the Issuer shall take a record of the holders of its Common Stock for
        the
        purpose of entitling them to receive a distribution of, or shall in any manner
        (whether directly or by assumption in a merger in which the Issuer is the
        surviving corporation) issue or sell, any Common Stock Equivalents, whether
        or
        not the rights to exchange or convert thereunder are immediately exercisable,
        and the price per share for which Common Stock is issuable upon such conversion
        or exchange shall be less than the Warrant Price in effect immediately prior
        to
        the time of such issue or sale, or if, after any such issuance of Common
        Stock
        Equivalents, the price per share for which Additional Shares of Common Stock
        may
        be issuable thereafter is amended or adjusted, and such price as so amended
        shall be less than the Warrant Price in effect at the time of such amendment
        or
        adjustment, then the Warrant Price then in effect shall be adjusted as provided
        in Section 4(d)(i) or (ii), as applicable. No further adjustments of the
        number
        of shares of Common Stock for which this Warrant is exercisable and the Warrant
        Price then in effect shall be made upon the actual issue of such Common Stock
        upon conversion or exchange of such Common Stock Equivalents.

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

       

      (f) Other
        Provisions Applicable to Adjustments under this Section.
        The
        following provisions shall be applicable to the making of adjustments of
        the
        number of shares of Common Stock for which this Warrant is exercisable and
        the
        Warrant Price then in effect provided for in this Section 4:

       

      (i) Computation
        of Consideration.
        To the
        extent that any Additional Shares of Common Stock or any Common Stock
        Equivalents (or any warrants or other rights therefor) shall be issued for
        cash
        consideration, the consideration received by the Issuer therefor shall be
        the
        amount of the cash received by the Issuer therefor, or, if such Additional
        Shares of Common Stock or Common Stock Equivalents are offered by the Issuer
        for
        subscription, the subscription price, or, if such Additional Shares of Common
        Stock or Common Stock Equivalents are sold to underwriters or dealers for
        public
        offering without a subscription offering, the initial public offering price
        (in
        any such case subtracting any amounts paid or receivable for accrued interest
        or
        accrued dividends and without taking into account any compensation, discounts
        or
        expenses paid or incurred by the Issuer for and in the underwriting of, or
        otherwise in connection with, the issuance thereof). In connection with any
        merger or consolidation in which the Issuer is the surviving corporation
        (other
        than any consolidation or merger in which the previously outstanding shares
        of
        Common Stock of the Issuer shall be changed to or exchanged for the stock
        or
        other securities of another corporation), the amount of consideration therefore
        shall be, deemed to be the fair value, as determined reasonably and in good
        faith by the Board, and acceptable to the Holder, of such portion of the
        assets
        and business of the nonsurviving corporation as the Board may determine to
        be
        attributable to such shares of Common Stock or Common Stock Equivalents,
        as the
        case may be. The consideration for any Additional Shares of Common Stock
        issuable pursuant to any warrants or other rights to subscribe for or purchase
        the same shall be the consideration received by the Issuer for issuing such
        warrants or other rights plus the additional consideration payable to the
        Issuer
        upon exercise of such warrants or other rights. The consideration for any
        Additional Shares of Common Stock issuable pursuant to the terms of any Common
        Stock Equivalents shall be the consideration received by the Issuer for issuing
        warrants or other rights to subscribe for or purchase such Common Stock
        Equivalents, plus the consideration paid or payable to the Issuer in respect
        of
        the subscription for or purchase of such Common Stock Equivalents, plus the
        additional consideration, if any, payable to the Issuer upon the exercise
        of the
        right of conversion or exchange in such Common Stock Equivalents. In the
        event
        of any consolidation or merger of the Issuer in which the Issuer is not the
        surviving corporation or in which the previously outstanding shares of Common
        Stock of the Issuer shall be changed into or exchanged for the stock or other
        securities of another corporation, or in the event of any sale of all or
        substantially all of the assets of the Issuer for stock or other securities
        of
        any corporation, the Issuer shall be deemed to have issued a number of shares
        of
        its Common Stock for stock or securities or other property of the other
        corporation computed on the basis of the actual exchange ratio on which the
        transaction was predicated, and for a consideration equal to the fair market
        value on the date of such transaction of all such stock or securities or
        other
        property of the other corporation. In the event any consideration received
        by
        the Issuer for any securities consists of property other than cash, the fair
        market value thereof at the time of issuance or as otherwise applicable shall
        be
        as determined in good faith by the Board. In the event Common Stock is issued
        with other shares or securities or other assets of the Issuer for consideration
        which covers both, the consideration computed as provided in this Section
        4(g)(i) shall be allocated among such securities and assets as determined
        in
        good faith by the Board.

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

       

      (ii) When
        Adjustments to Be Made.
        The
        adjustments required by this Section 4 shall be made whenever and as often
        as
        any specified event requiring an adjustment shall occur, except that any
        adjustment of the number of shares of Common Stock for which this Warrant
        is
        exercisable that would otherwise be required may be postponed (except in
        the
        case of a subdivision or combination of shares of the Common Stock, as provided
        for in Section 4(b)) up to, but not beyond the date of exercise if such
        adjustment either by itself or with other adjustments not previously made
        adds
        or subtracts less than one percent (1%) of the shares of Common Stock for
        which
        this Warrant is exercisable immediately prior to the making of such adjustment.
        Any adjustment representing a change of less than such minimum amount (except
        as
        aforesaid) which is postponed shall be carried forward and made as soon as
        such
        adjustment, together with other adjustments required by this Section 4 and
        not
        previously made, would result in a minimum adjustment or on the date of
        exercise. For the purpose of any adjustment, any specified event shall be
        deemed
        to have occurred at the close of business on the date of its
        occurrence.

       

      (iii) Fractional
        Interests.
        In
        computing adjustments under this Section 4, fractional interests in Common
        Stock
        shall be taken into account to the nearest one one-hundredth (1/100th) of
        a
        share.

       

      (iv) When
        Adjustment Not Required.
        If the
        Issuer shall take a record of the holders of its Common Stock for the purpose
        of
        entitling them to receive a dividend or distribution or subscription or purchase
        rights and shall, thereafter and before the distribution to stockholders
        thereof, legally abandon its plan to pay or deliver such dividend, distribution,
        subscription or purchase rights, then thereafter no adjustment shall be required
        by reason of the taking of such record and any such adjustment previously
        made
        in respect thereof shall be rescinded and annulled.

       

      (g) Form
        of Warrant after Adjustments.
        The
        form of this Warrant need not be changed because of any adjustments in the
        Warrant Price or the number and kind of Securities purchasable upon the exercise
        of this Warrant.

       

      (h) Escrow
        of Warrant Stock.
        If
        after any property becomes distributable pursuant to this Section 4 by reason
        of
        the taking of any record of the holders of Common Stock, but prior to the
        occurrence of the event for which such record is taken, and the Holder exercises
        this Warrant, any shares of Common Stock issuable upon exercise by reason
        of
        such adjustment shall be deemed the last shares of Common Stock for which
        this
        Warrant is exercised (notwithstanding any other provision to the contrary
        herein) and such shares or other property shall be held in escrow for the
        Holder
        by the Issuer to be issued to the Holder upon and to the extent that the
        event
        actually takes place, upon payment of the current Warrant Price. Notwithstanding
        any other provision to the contrary herein, if the event for which such record
        was taken fails to occur or is rescinded, then such escrowed shares shall
        be
        cancelled by the Issuer and escrowed property returned.

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

       

      5. Notice
        of Adjustments.
        Whenever the Warrant Price or Warrant Share Number shall be adjusted pursuant
        to
        Section 4 hereof (for purposes of this Section 5, each an “adjustment”),
        the
        Issuer shall cause its Chief Financial Officer to prepare and execute a
        certificate setting forth, in reasonable detail, the event requiring the
        adjustment, the amount of the adjustment, the method by which such adjustment
        was calculated (including a description of the basis on which the Board made
        any
        determination hereunder), and the Warrant Price and Warrant Share Number
        after
        giving effect to such adjustment, and shall cause copies of such certificate
        to
        be delivered to the Holder of this Warrant promptly after each adjustment.
        Any
        dispute between the Issuer and the Holder of this Warrant with respect to
        the
        matters set forth in such certificate may at the option of the Holder of
        this
        Warrant be submitted to a national or regional accounting firm reasonably
        acceptable to the Issuer and the Holder (the “Independent
        Appraiser”),
        provided
        that the
        Issuer shall have ten (10) days after receipt of notice from such Holder
        of its
        selection of such firm to object thereto, in which case such Holder shall
        select
        another such firm and the Issuer shall have no such right of objection. The
        Independent Appraiser selected by the Holder of this Warrant as provided
        in the
        preceding sentence shall be instructed to deliver a written opinion as to
        such
        matters to the Issuer and such Holder within thirty (30) days after submission
        to it of such dispute. Such opinion shall be final and binding on the parties
        hereto. The reasonable expenses of the Independent Appraiser in making such
        determination shall be paid by the Issuer, in the event the Holder's calculation
        was correct, or by the Holder, in the event the Issuer’s calculation was
        correct, or equally by the Issuer and the Holder in the event that neither
        the
        Issuer's or the Holder's calculation was correct.

       

      6. Fractional
        Shares.
        No
        fractional shares of Warrant Stock will be issued in connection with any
        exercise hereof, but in lieu of such fractional shares, the Issuer shall
        round
        the number of shares to be issued upon exercise up to the nearest whole number
        of shares.

       

      7. Ownership
        Cap and Exercise Restriction.
        Notwithstanding anything to the contrary set forth in this Warrant, at no
        time
        may a Holder of this Warrant exercise this Warrant if the number of shares
        of
        Common Stock to be issued pursuant to such exercise would exceed, when
        aggregated with all other shares of Common Stock beneficially owned by such
        Holder at such time, the number of shares of Common Stock which would result
        in
        such Holder beneficially owning (as determined in accordance with Section
        13(d)
        of the Exchange Act and the rules thereunder) in excess of 4.99% of the then
        issued and outstanding shares of Common Stock; provided,
        however,
        that
        upon a holder of this Warrant providing the Issuer with sixty-one (61) days
        notice (pursuant to Section 13 hereof) (the “Waiver
        Notice”)
        that
        such Holder would like to waive this Section 7 with regard to any or all
        shares
        of Common Stock issuable upon exercise of this Warrant, this Section 7 will
        be
        of no force or effect with regard to all or a portion of the Warrant referenced
        in the Waiver Notice; provided,
        further,
        that
        this provision shall be of no further force or effect during the sixty-one
        (61)
        days immediately preceding the expiration of the term of this
        Warrant.

       

      8. Registration
        Rights.
        The
        Holder of this Warrant is entitled to the benefit of certain registration
        rights
        with respect to the shares of Warrant Stock issuable upon the exercise of
        this
        Warrant pursuant to that certain Registration Rights Agreement, of even date
        herewith, by and among the Company and Persons listed on Schedule I thereto
        (the
“Registration
        Rights Agreement”)
        and
        the registration rights with respect to the shares of Warrant Stock issuable
        upon the exercise of this Warrant by any subsequent Holder may only be assigned
        in accordance with the terms and provisions of the Registrations Rights
        Agreement.

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

       

      9. Definitions.
        For the
        purposes of this Warrant, the following terms have the following
        meanings:

       

      “Additional
        Shares of Common Stock”
means
        all shares of Common Stock issued by the Issuer after the Original Issue
        Date,
        and all shares of Other Common, if any, issued by the Issuer after the Original
        Issue Date, except: (i) securities issued pursuant to a bona fide firm
        underwritten public offering of the Company’s securities, provided such
        underwritten public offering has been approved in advance by the holders
        of more
        than fifty percent (50%) of the then outstanding shares of Series A (the
        “Majority
        Holders”),
        (ii)
        securities issued (other than for cash) in connection with a strategic merger,
        acquisition, or consolidation, provided that the issuance of such securities
        in
        connection with such strategic merger, acquisition, or consolidation has
        been
        approved in advance by the Majority Holders, (iii) securities issued pursuant
        to
        the conversion or exercise of convertible or exercisable securities issued
        or
        outstanding on or prior to the date of the Purchase Agreement or issued pursuant
        to the Purchase Agreement (so long as the conversion or exercise price in
        such
        securities are not amended to lower such price and/or adversely affect the
        Holders), (iv) the Warrant Stock, (v) securities issued in connection with
        bona
        fide strategic license agreements or other partnering arrangements so long
        as
        such issuances are not for the purpose of raising capital and provided that
        the
        issuance of such securities in connection with such bona fide strategic license
        agreements or other partnering arrangements has been approved in advance
        by the
        Majority Holders, (vi) Common Stock issued or the issuance or grants of options
        to purchase Common Stock pursuant to the Issuer’s equity incentive plans
        outstanding as they exist on the date of the Purchase Agreement, (vii) the
        issuance or grants of options to purchase Common Stock to employees, officers
        or
        directors of the Issuer pursuant to any equity incentive plan duly adopted
        by
        the Board or a committee thereof established for such purpose so long as
        such
        issuances in the aggregate do not exceed ten percent (10)% of the issued
        and
        outstanding shares of Common Stock as of the Original Issue Date and the
        specified price at which the options may be exercised is equal to or greater
        than the Per Share Market Value as of the date of such grant, and (viii)
        any
        warrants, shares of Common Stock or other securities issued to a placement
        agent
        and its designees for the transactions contemplated by the Purchase Agreement
        or
        in any other sales of the Issuer’s securities and any securities issued in
        connection with any financial advisory agreements of the Issuer and the shares
        of Common Stock issued upon exercise of any such warrants or conversions
        of any
        such other securities.

       

      “Articles
        of Incorporation”
means
        the Articles of Incorporation of the Issuer as in effect on the Original
        Issue
        Date, and as hereafter from time to time amended, modified, supplemented
        or
        restated in accordance with the terms hereof and thereof and pursuant to
        applicable law.

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

       

      “Board”
shall
        mean the Board of Directors of the Issuer.

       

      “Capital
        Stock”
means
        and includes (i) any and all shares, interests, participations or other
        equivalents of or interests in (however designated) corporate stock, including,
        without limitation, shares of preferred or preference stock, (ii) all
        partnership interests (whether general or limited) in any Person which is
        a
        partnership, (iii) all membership interests or limited liability company
        interests in any limited liability company, and (iv) all equity or ownership
        interests in any Person of any other type.

       

      “Common
        Stock”
means
        the Common Stock, $0.001 par value per share, of the Issuer and any other
        Capital Stock into which such stock may hereafter be changed.

       

      “Common
        Stock Equivalent”
means
        any Convertible Security or warrant, option or other right to subscribe for
        or
        purchase any Additional Shares of Common Stock or any Convertible
        Security.

       

      “Convertible
        Securities”
means
        evidences of Indebtedness, shares of Capital Stock or other Securities which
        are
        or may be at any time convertible into or exchangeable for Additional Shares
        of
        Common Stock. The term “Convertible Security” means one of the Convertible
        Securities.

       

      “Governmental
        Authority”
means
        any governmental, regulatory or self-regulatory entity, department, body,
        official, authority, commission, board, agency or instrumentality, whether
        federal, state or local, and whether domestic or foreign.

       

      “Holders”
mean
        the Persons who shall from time to time own any Warrant. The term “Holder” means
        one of the Holders.

       

      “Independent
        Appraiser”
means
        a
        nationally recognized or major regional investment banking firm or firm of
        independent certified public accountants of recognized standing (which may
        be
        the firm that regularly examines the financial statements of the Issuer)
        that is
        regularly engaged in the business of appraising the Capital Stock or assets
        of
        corporations or other entities as going concerns, and which is not affiliated
        with either the Issuer or the Holder of any Warrant.

       

      “Issuer”
means
        Victory Divide Mining Company, a Nevada corporation, and its
        successors.

       

      “Majority
        Holders”
means
        at any time the Holders of Warrants exercisable for a majority of the shares
        of
        Warrant Stock issuable under the Warrants at the time outstanding.

       

      “Original
        Issue Date”
means
        October 3, 2007.

       

      “OTC
        Bulletin Board”
means
        the over-the-counter electronic bulletin board.

       

      “Other
        Common”
means
        any other Capital Stock of the Issuer of any class which shall be authorized
        at
        any time after the date of this Warrant (other than Common Stock) and which
        shall have the right to participate in the distribution of earnings and assets
        of the Issuer without limitation as to amount.

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

       

      “Outstanding
        Common Stock”
means,
        at any given time, the aggregate amount of outstanding shares of Common Stock,
        assuming full exercise, conversion or exchange (as applicable) of all options,
        warrants and other Securities which are convertible into or exercisable or
        exchangeable for, and any right to subscribe for, shares of Common Stock
        that
        are outstanding at such time.

       

      “Person”
means
        an individual, corporation, limited liability company, partnership, joint
        stock
        company, trust, unincorporated organization, joint venture, Governmental
        Authority or other entity of whatever nature.

       

      “Per
        Share Market Value”
means
        on any particular date (a) the last closing price per share of the Common
        Stock
        on such date on the OTC Bulletin Board or another registered national stock
        exchange on which the Common Stock is then listed, or if there is no closing
        price on such date, then the closing bid price on such date, or if there
        is no
        closing bid price on such date, then the closing price on such exchange or
        quotation system on the date nearest preceding such date, or (b) if the Common
        Stock is not listed then on the OTC Bulletin Board or any registered national
        stock exchange, the last closing price for a share of Common Stock in the
        over-the-counter market, as reported by the OTC Bulletin Board or in the
        National Quotation Bureau Incorporated or similar organization or agency
        succeeding to its functions of reporting prices) at the close of business
        on
        such date, or if there is no closing price on such date, then the closing
        bid
        price on such date, or (c) if the Common Stock is not then reported by the
        OTC
        Bulletin Board or the National Quotation Bureau Incorporated (or similar
        organization or agency succeeding to its functions of reporting prices),
        then
        the average of the “Pink Sheet” quotes for the five (5) Trading Days preceding
        such date of determination, or (d) if the Common Stock is not then publicly
        traded the fair market value of a share of Common Stock as determined by
        an
        Independent Appraiser selected in good faith by the Majority Holders;
provided,
        however,
        that
        the Issuer, after receipt of the determination by such Independent Appraiser,
        shall have the right to select an additional Independent Appraiser, in which
        case, the fair market value shall be equal to the average of the determinations
        by each such Independent Appraiser; and provided,
        further,
        that
        all determinations of the Per Share Market Value shall be appropriately adjusted
        for any stock dividends, stock splits or other similar transactions during
        such
        period. The determination of fair market value by an Independent Appraiser
        shall
        be based upon the fair market value of the Issuer determined on a going concern
        basis as between a willing buyer and a willing seller and taking into account
        all relevant factors determinative of value, and shall be final and binding
        on
        all parties. In determining the fair market value of any shares of Common
        Stock,
        no consideration shall be given to any restrictions on transfer of the Common
        Stock imposed by agreement or by federal or state securities laws, or to
        the
        existence or absence of, or any limitations on, voting rights.

       

      “Purchase
        Agreement”
means
        the Series A Convertible Preferred Stock Purchase Agreement dated as of October
        3, 2007, among the Issuer and the Purchasers.

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

       

      “Purchasers”
means
        the purchasers of the Series A Convertible Preferred Stock and the Warrants
        issued by the Issuer pursuant to the Purchase Agreement.

       

      “Securities”
means
        any debt or equity securities of the Issuer, whether now or hereafter
        authorized, any instrument convertible into or exchangeable for Securities
        or a
        Security, and any option, warrant or other right to purchase or acquire any
        Security. “Security” means one of the Securities.

       

      “Securities
        Act”
means
        the Securities Act of 1933, as amended, or any similar federal statute then
        in
        effect.

       

      “Subsidiary”
means
        any corporation at least 50% of whose outstanding Voting Stock shall at the
        time
        be owned directly or indirectly by the Issuer or by one or more of its
        Subsidiaries, or by the Issuer and one or more of its Subsidiaries.

       

      “Term”
has
        the
        meaning specified in Section 1 hereof.

       

      “Trading
        Day”
means
        (a) a day on which the Common Stock is traded on the OTC Bulletin Board,
        or (b)
        if the Common Stock is not traded on the OTC Bulletin Board, a day on which
        the
        Common Stock is quoted in the over-the-counter market as reported by the
        National Quotation Bureau Incorporated (or any similar organization or agency
        succeeding its functions of reporting prices); provided,
        however,
        that in
        the event that the Common Stock is not listed or quoted as set forth in (a)
        or
        (b) hereof, then Trading Day shall mean any day except Saturday, Sunday and
        any
        day which shall be a legal holiday or a day on which banking institutions
        in the
        State of New York are authorized or required by law or other government action
        to close.

       

      “Trading
        Market”
means
        the following markets or exchanges on which the Common Stock is listed or
        quoted
        for trading on the date in question: the Nasdaq Capital Market, the Nasdaq
        Global Market, the Nasdaq Global Select Market, the New York Stock Exchange
        or
        the OTC Bulletin Board.

       

      “Voting
        Stock”
means,
        as applied to the Capital Stock of any corporation, Capital Stock of any
        class
        or classes (however designated) having ordinary voting power for the election
        of
        a majority of the members of the Board of Directors (or other governing body)
        of
        such corporation, other than Capital Stock having such power only by reason
        of
        the happening of a contingency.

       

      “VWAP”
means,
        for any date, the price determined by the first of the following clauses
        that
        applies: (a) if the Common Stock is then listed or quoted on a Trading Market,
        the daily volume weighted average price of the Common Stock for such date
        (or
        the nearest preceding date) on the Trading Market on which the Common Stock
        is
        then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day
        from
        9:30 a.m. New York City time to 4:02 p.m. New York City time); (b) if the
        OTC
        Bulletin Board is not a Trading Market, the volume weighted average price
        of the
        Common Stock for such date (or the nearest preceding date) on the OTC Bulletin
        Board; (c) if the Common Stock is not then listed or quoted on the OTC Bulletin
        Board and if prices for the Common Stock are then reported in the "Pink Sheets"
        published by Pink Sheets, LLC (or a similar organization or agency succeeding
        to
        its functions of reporting prices), the most recent bid price per share of
        the
        Common Stock so reported; or (d) in all other cases, the fair market value
        of a
        share of Common Stock as determined by an independent appraiser selected
        in good
        faith by the Holders of a majority in interest of the Warrants then outstanding
        and reasonably acceptable to the Company, the fees and expenses of which
        shall
        be paid by the Company.

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

       

      “Warrants”
means
        the Warrants issued and sold pursuant to the Purchase Agreement, including,
        without limitation, this Warrant, and any other warrants of like tenor issued
        in
        substitution or exchange for any thereof pursuant to the provisions of Section
        2(c), 2(d) or 2(e) hereof or of any of such other Warrants.

       

      “Warrant
        Price”
        initially means $3.50, as such price may be adjusted from time to time as
        shall
        result from the adjustments specified in this Warrant, including Section
        4
        hereto.

       

      “Warrant
        Share Number”
means
        at any time the aggregate number of shares of Warrant Stock which may at
        such
        time be purchased upon exercise of this Warrant, after giving effect to all
        prior adjustments and increases to such number made or required to be made
        under
        the terms hereof.

       

      “Warrant
        Stock”
means
        Common Stock issuable upon exercise of any Warrant or Warrants or otherwise
        issuable pursuant to any Warrant or Warrants.

       

      10. Other
        Notices.
        In case
        at any time:

       

      (a) the
        Issuer shall make any distributions to the holders of Common Stock;
        or

       

      (b) the
        Issuer shall authorize the granting to all holders of its Common Stock of
        rights
        to subscribe for or purchase any shares of Capital Stock of any class or
        other
        rights; or

       

      (c) there
        shall be any reclassification of the Capital Stock of the Issuer;
        or

       

      (d) there
        shall be any capital reorganization by the Issuer; or

       

      (e) there
        shall be any (i) consolidation or merger involving the Issuer or (ii) sale,
        transfer or other disposition of all or substantially all of the Issuer’s
        property, assets or business (except a merger or other reorganization in
        which
        the Issuer shall be the surviving corporation and its shares of Capital Stock
        shall continue to be outstanding and unchanged and except a consolidation,
        merger, sale, transfer or other disposition involving a wholly-owned
        Subsidiary); or

       

      (f) there
        shall be a voluntary or involuntary dissolution, liquidation or winding-up
        of
        the Issuer or any partial liquidation of the Issuer or distribution to holders
        of Common Stock;

       

      then,
        in
        each of such cases, the Issuer shall give written notice to the Holder of
        the
        date on which (i) the books of the Issuer shall close or a record shall be
        taken
        for such dividend, distribution or subscription rights or (ii) such
        reorganization, reclassification, consolidation, merger, disposition,
        dissolution, liquidation or winding-up, as the case may be, shall take place.
        Such notice also shall specify the date as of which the holders of Common
        Stock
        of record shall participate in such dividend, distribution or subscription
        rights, or shall be entitled to exchange their certificates for Common Stock
        for
        securities or other property deliverable upon such reorganization,
        reclassification, consolidation, merger, disposition, dissolution, liquidation
        or winding-up, as the case may be. Such notice shall be given at least twenty
        (20) days prior to the action in question and not less than ten (10) days
        prior
        to the record date or the date on which the Issuer’s transfer books are closed
        in respect thereto. This Warrant entitles the Holder to receive copies of
        all
        financial and other information distributed or required to be distributed
        to the
        holders of the Common Stock.

      
        
           

        

        
          18

          
            

          

        

        
           

        

      

       

      11. Amendment
        and Waiver.
        Any
        term, covenant, agreement or condition in this Warrant may be amended, or
        compliance therewith may be waived (either generally or in a particular instance
        and either retroactively or prospectively), by a written instrument or written
        instruments executed by the Issuer and the Majority Holders; provided,
        however,
        that no
        such amendment or waiver shall reduce the Warrant Share Number, increase
        the
        Warrant Price, shorten the period during which this Warrant may be exercised
        or
        modify any provision of this Section 11 without the consent of the Holder
        of
        this Warrant. No consideration shall be offered or paid to any person to
        amend
        or consent to a waiver or modification of any provision of this Warrant unless
        the same consideration is also offered to all holders of the
        Warrants.

       

      12. Governing
        Law; Jurisdiction.
        This
        Warrant shall be governed by and construed in accordance with the internal
        laws
        of the State of New York, without giving effect to any of the conflicts of
        law
        principles which would result in the application of the substantive law of
        another jurisdiction. This Warrant shall not be interpreted or construed
        with
        any presumption against the party causing this Warrant to be drafted. The
        Issuer
        and the Holder agree that venue for any dispute arising under this Warrant
        will
        lie exclusively in the state or federal courts located in New York County,
        New
        York, and the parties irrevocably waive any right to raise forum non conveniens
        or any other argument that New York is not the proper venue. The Issuer and
        the
        Holder irrevocably consent to personal jurisdiction in the state and federal
        courts of the state of New York. The Issuer and the Holder consent to process
        being served in any such suit, action or proceeding by mailing a copy thereof
        to
        such party at the address in effect for notices to it under this Warrant
        and
        agree that such service shall constitute good and sufficient service of process
        and notice thereof. Nothing in this Section 12 shall affect or limit any
        right
        to serve process in any other manner permitted by law. The Issuer and the
        Holder
        hereby agree that the prevailing party in any suit, action or proceeding
        arising
        out of or relating to this Warrant or the Purchase Agreement, shall be entitled
        to reimbursement for reasonable legal fees from the non-prevailing party.
        The
        parties hereby waive all rights to a trial by jury.

       

      13. Notices.
        All
        notices, demands, consents, requests, instructions and other communications
        to
        be given or delivered or permitted under or by reason of the provisions of
        this
        Agreement or in connection with the transactions contemplated hereby shall
        be in
        writing and shall be deemed to be delivered and received by the intended
        recipient as follows: (i) if personally delivered, on the business day of
        such
        delivery (as evidenced by the receipt of the personal delivery service),
        (ii) if
        mailed certified or registered mail return receipt requested, two (2) business
        days after being mailed, (iii) if delivered by overnight courier (with all
        charges having been prepaid), on the business day of such delivery (as evidenced
        by the receipt of the overnight courier service of recognized standing),
        or (iv)
        if delivered by facsimile transmission, on the business day of such delivery
        if
        sent by 6:00 p.m. in the time zone of the recipient, or if sent after that
        time,
        on the next succeeding business day (as evidenced by the printed confirmation
        of
        delivery generated by the sending party’s telecopier machine). If any notice,
        demand, consent, request, instruction or other communication cannot be delivered
        because of a changed address of which no notice was given (in accordance
        with
        this Section 13), or the refusal to accept same, the notice, demand, consent,
        request, instruction or other communication shall be deemed received on the
        second business day the notice is sent (as evidenced by a sworn affidavit
        of the
        sender). All such notices, demands, consents, requests, instructions and
        other
        communications will be sent to the following addresses or facsimile numbers
        as
        applicable.

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

       

      

      
        	
                If
                  to the Issuer: 

                 

              	
                Victory
                  Divide Mining Company

                c/o
                  Heilongjiang Yanglin Soybean Group

                No.
                  99 Fanrong Street 

                Jixian
                  Town Heilongjiang 

                People’s
                  Republic of China 155900  

                Tel:
                  86-469-467-8077

                Fax:
                  86-469-469-3000 

                Email:kingbode1@163.com

              
	 	 
	
                with
                  copies (which copies

                shall
                  not constitute notice)

                to:

              	
                Guzov
                  Ofsink, LLC

                600
                  Madison Avenue, 14th Floor

                New
                  York, New York 10022

                Attention:
                  Darren Ofsink

                Tel.
                  No.: (212) 371-8008, ext. 127

                Fax
                  No.: (212) 688-7273

              
	 	 
	
                If
                  to any Holder:

              	
                At
                  the address of such Holder set forth on Exhibit A to this Agreement,
                  with
                  copies to Holder’s counsel as set forth on Exhibit A or as specified in
                  writing by such Holder with copies to:

              
	 	 
	
                with
                  copies (which copies

                shall
                  not constitute notice)

                to:

              	
                Loeb
                  & Loeb LLP

                345
                  Park Avenue

                New
                  York, NY 10154

                Attn:
                  Mitchell Nussbaum

                Facsimile:
                  212-407-4000 

              

      

       

      Any
        party
        hereto may from time to time change its address for notices by giving at
        least
        ten (10) days written notice of such changed address to the other party
        hereto.

       

      14. Warrant
        Agent.
        The
        Issuer may, by written notice to the Holder of this Warrant, appoint an agent
        having an office in New York, New York for the purpose of issuing shares
        of
        Warrant Stock on the exercise of this Warrant pursuant to subsection (b)
        of
        Section 2 hereof, exchanging this Warrant pursuant to subsection (d) of Section
        2 hereof or replacing this Warrant pursuant to subsection (d) of Section
        3
        hereof, or any of the foregoing, and thereafter any such issuance, exchange
        or
        replacement, as the case may be, shall be made at such office by such
        agent.

      
        
           

        

        
          20

          
            

          

        

        
           

        

      

       

      15. Remedies.
        The
        Issuer stipulates that the remedies at law of the Holder of this Warrant
        in the
        event of any default or threatened default by the Issuer in the performance
        of
        or compliance with any of the terms of this Warrant are not and will not
        be
        adequate and that, to the fullest extent permitted by law, such terms may
        be
        specifically enforced by a decree for the specific performance of any agreement
        contained herein or by an injunction against a violation of any of the terms
        hereof or otherwise.

       

      16. Successors
        and Assigns.
        This
        Warrant and the rights evidenced hereby shall inure to the benefit of and
        be
        binding upon the successors and assigns of the Issuer, the Holder hereof
        and (to
        the extent provided herein) the Holders of Warrant Stock issued pursuant
        hereto,
        and shall be enforceable by any such Holder or Holder of Warrant
        Stock.

       

      17. Modification
        and Severability.
        If, in
        any action before any court or agency legally empowered to enforce any provision
        contained herein, any provision hereof is found to be unenforceable, then
        such
        provision shall be deemed modified to the extent necessary to make it
        enforceable by such court or agency. If any such provision is not enforceable
        as
        set forth in the preceding sentence, the unenforceability of such provision
        shall not affect the other provisions of this Warrant, but this Warrant shall
        be
        construed as if such unenforceable provision had never been contained
        herein.

       

      18. Headings.
        The
        headings of the Sections of this Warrant are for convenience of reference
        only
        and shall not, for any purpose, be deemed a part of this Warrant.

       

      [REMAINDER
        OF PAGE INTENTIONALLY LEFT BLANK]

      
        
           

        

        
          21

          
            

          

        

        
           

        

      

       

      IN
        WITNESS WHEREOF, the Issuer has executed this Series B Warrant as of the
        day and
        year first above written.

       

      VICTORY
        DIVIDE MINING COMPANY

       

      By:
        ___/s/
        Shulin Liu____

      Name:
        Shulin Liu 

      Title:
        Chief Executive Officer

      
        
           

        

        
          22

          
            

          

        

        
           

        

      

       

      EXERCISE
        FORM

       

      SERIES
        B
        WARRANT

       

      VICTORY
        DIVIDE MINING COMPANY

       

      The
        undersigned _______________, pursuant to the provisions of the within Warrant,
        hereby elects to purchase _____ shares of Common Stock of
        ________________________________ covered by the within Warrant.

      
        
           

          
            	
                    Dated:
                      

                  	 	 	Signature	 
	 	 	 	 	 
	 	 	 	
                    Address

                  	 
	 	 	 	 	 
	 	 	 	 	 

          

             

        

      

      Number
        of
        shares of Common Stock beneficially owned or deemed beneficially owned by
        the
        Holder on the date of Exercise: _________________________

       

      The
        undersigned is an “accredited investor” as defined in Regulation D under the
        Securities Act of 1933, as amended.

       

      The
        undersigned intends that payment of the Warrant Price shall be made as (check
        one):

       

      Cash
        Exercise_______

       

      Cashless
        Exercise_______

       

      If
        the
        Holder has elected a Cash Exercise, the Holder shall pay the sum of $________
        by
        certified or official bank check (or via wire transfer) to the Issuer in
        accordance with the terms of the Warrant.

       

      If
        the
        Holder has elected a Cashless Exercise, a certificate shall be issued to
        the
        Holder for the number of shares equal to the whole number portion of the
        product
        of the calculation set forth below, which is ___________. The Company shall
        pay
        a cash adjustment in respect of the fractional portion of the product of
        the
        calculation set forth below in an amount equal to the product of the fractional
        portion of such product and the Per Share Market Value on the date of exercise,
        which product is ____________.

       

      X
        = Y -
(A)(Y)

      B

       

      Where:

       

      The
        number of shares of Common Stock to be issued to the Holder
        __________________(“X”).

      
        
           

        

        
          23

          
            

          

        

        
           

        

      

       

      The
        number of shares of Common Stock purchasable upon exercise of all of the
        Warrant
        or, if only a portion of the Warrant is being exercised, the portion of the
        Warrant being exercised ___________________________ (“Y”).

       

      The
        Warrant Price ______________ (“A”).

       

      The
        Per
        Share Market Value of one share of Common Stock _______________________
        (“B”).

       

      ASSIGNMENT

       

      FOR
        VALUE
        RECEIVED, _________________ hereby sells, assigns and transfers unto
        __________________ the within Warrant and all rights evidenced thereby and
        does
        irrevocably constitute and appoint _____________, attorney, to transfer the
        said
        Warrant on the books of the within named corporation.

      
        
            
  

          
            	
                    Dated:
                      

                  	 	 	Signature	 
	 	 	 	 	 
	 	 	 	
                    Address

                  	 
	 	 	 	 	 
	 	 	 	 	 

          

           

        

      

      PARTIAL
        ASSIGNMENT

       

      FOR
        VALUE
        RECEIVED, _________________ hereby sells, assigns and transfers unto
        __________________ the right to purchase _________ shares of Warrant Stock
        evidenced by the within Warrant together with all rights therein, and does
        irrevocably constitute and appoint ___________________, attorney, to transfer
        that part of the said Warrant on the books of the within named
        corporation.

      
        
           

          
            	
                    Dated:
                      

                  	 	 	Signature	 
	 	 	 	 	 
	 	 	 	
                    Address

                  	 
	 	 	 	 	 
	 	 	 	 	 

          

           

        

      

      FOR
        USE
        BY THE ISSUER ONLY:

       

      This
        Warrant No. W-___ canceled (or transferred or exchanged) this _____ day of
        ___________, _____, shares of Common Stock issued therefor in the name of
        _______________, Warrant No. W-_____ issued for ____ shares of Common Stock
        in
        the name of _______________.

      
        
           

        

        
          24Unassociated Document

    
      
        
          EXHIBIT
            4.3

           

          THIS
            WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN
            REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)
            OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
            DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER APPLICABLE
            STATE SECURITIES LAWS OR THE ISSUER SHALL HAVE RECEIVED AN OPINION OF
            COUNSEL
            REASONABLY SATISFACTORY TO THE ISSUER THAT REGISTRATION OF SUCH SECURITIES
            UNDER
            THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES
            LAWS
            IS NOT REQUIRED.

           

          SERIES
            J
            WARRANT TO PURCHASE

           

          SHARES
            OF
            SERIES B CONVERTIBLE PREFERRED STOCK

           

          OF

           

          VICTORY
            DIVIDE MINING COMPANY

           

          Expires
            on April 2, 2009

          

            
              	
                      No.:
                        W-J-07-

                    	
                      Number
                        of Shares: Up to _________

                    
	
                      Date
                        of Issuance: October 3, 2007

                    	 

            

          

            

          FOR
            VALUE
            RECEIVED, the undersigned, Victory Divide Mining Company., a Nevada corporation
            (together with its successors and assigns, the “Issuer”),
            hereby certifies that __________
            or its
            registered assigns (the “Holder”)
            is
            entitled to subscribe for and purchase, during the Term (as hereinafter
            defined), up to ___________
            shares
            (subject to adjustment as hereinafter provided) of the duly authorized,
            validly
            issued, fully paid and non-assessable Series B Convertible Preferred
            Stock (the
“Series
            B Stock”)
            of the
            Issuer, at an exercise price per share equal to the Warrant Price then
            in
            effect, subject, however, to the provisions and upon the terms and conditions
            hereinafter set forth. Capitalized terms used in this Warrant and not
            otherwise
            defined herein shall have the respective meanings specified in Section
            9
            hereof.

           

          1. Term.
            The
            term of this Warrant shall commence on October 3, 2007 and shall expire
            at 6:00
            p.m., Eastern Time, on April 2, 2009 (such period being the “Term”
and
            such date, the “Termination
            Date”).

           

          2. Method
            of Exercise; Payment; Issuance of New Warrant; Transfer and Exchange.
            

           

          (a) Time
            of Exercise.
            The
            purchase rights represented by this Warrant may be exercised in whole
            or in part
            during the Term for such number of shares of Series B Stock set forth
            above,
            which number is equal to one hundred percent (100%) of the number of
            shares of
            Series B Stock issued by the Issuer to the Holder on the Original Issue
            Date
            pursuant to the Purchase Agreement.

          
            
              
              

            

            
              1

              
                

              

            

            
              
              

            

          

           

          (b) Method
            of Exercise.
            The
            Holder hereof may exercise this Warrant, in whole or in part, by the
            surrender
            of this Warrant (with the exercise form attached hereto duly executed)
            at the
            principal office of the Issuer, and by the payment to the Issuer of an
            amount of
            consideration therefore equal to the Warrant Price in effect on the date
            of such
            exercise multiplied by the number of shares of Warrant Stock with respect
            to
            which this Warrant is then being exercised, payable at such Holder’s election by
            certified or official bank check or by wire transfer to an account designated
            by
            the Issuer.

           

          (c) Issuance
            of Stock Certificates.
            In the
            event of any exercise of this Warrant in accordance with and subject
            to the
            terms and conditions hereof, certificates for the shares of Warrant Stock
            so
            purchased shall be dated the date of such exercise and delivered to the
            Holder
            hereof within a reasonable time, not exceeding three (3) Trading Days
            after such
            exercise (the “Delivery
            Date”),
            the
            Holder hereof shall be deemed for all purposes to be the holder of the
            shares
            Warrant Stock so purchased as of the date of such exercise. Upon the
            conversion
            by the Holder of the Warrant Stock into shares of Common Stock of the
            Issuer
            (the “Underlying
            Common Stock”),
            the
            Holder may request (provided that a registration statement under the
            Securities
            Act providing for the resale of the Underlying Common Stock is then in
            effect or
            that the shares of Underlying Common Stock are otherwise exempt from
            registration), that such shares be issued and delivered to the Depository
            Trust
            Company (“DTC”)
            account on the Holder’s behalf via the Deposit Withdrawal Agent Commission
            System (“DWAC”)
            within
            a reasonable time, not exceeding three (3) Trading Days after such exercise,
            and
            the Holder hereof shall be deemed for all purposes to be the holder of
            the
            shares of Underlying Common Stock as of the date of such conversion.
            Notwithstanding the foregoing to the contrary, the Issuer or its transfer
            agent
            shall only be obligated to issue and deliver the shares to the DTC on
            a holder’s
            behalf via DWAC if such conversion is in connection with a sale or other
            exemption from registration by which the shares of Underlying Common
            Stock may
            be issued without a restrictive legend and the Issuer and its transfer
            agent are
            participating in DTC through the DWAC system. The Holder shall deliver
            this
            original Warrant, or an indemnification undertaking with respect to such
            Warrant
            in the case of its loss, theft or destruction, at such time that this
            Warrant is
            fully exercised. With respect to partial exercises of this Warrant, the
            Issuer
            shall keep written records for the Holder of the number of shares of
            Warrant
            Stock exercised as of each date of exercise.

           

          (d) Compensation
            for Buy-In on Failure to Timely Deliver Certificates Upon
            Exercise.
            In
            addition to any other rights available to the Holder, if upon conversion
            of the
            Warrant Stock, the Issuer fails to cause its transfer agent to transmit
            to the
            Holder a certificate or certificates representing the shares of Underlying
            Common Stock pursuant to such conversionon or before the Delivery Date,
            and if
            after such date the Holder is required by its broker to purchase (in
            an open
            market transaction or otherwise) shares of Common Stock to deliver in
            satisfaction of a sale by the Holder of the shares of Underlying Common
            Stock
            which the Holder anticipated receiving upon such conversion (a “Buy-In”),
            then
            the Issuer shall (1) pay in cash to the Holder the amount by which (x)
            the
            Holder’s total purchase price (including brokerage commissions, if any) for
            the
            shares of Common Stock so purchased exceeds (y) the amount obtained by
            multiplying (A) the number of shares of Underlying Common Stock that
            the Issuer
            was required to deliver to the Holder in connection with the conversion
            at
            issue, times (B) the price at which the sell order giving rise to such
            purchase
            obligation was executed, and (2) at the option of the Holder, either
            reinstate
            the Warrant and equivalent number of shares of Warrant Stock for which
            such
            conversion was not honored or deliver to the Holder the number of shares
            of
            Underlying Common Stock that would have been issued had the Issuer timely
            complied with its exercise and delivery obligations hereunder. For example,
            if
            the Holder purchases Common Stock having a total purchase price of $11,000
            to
            cover a Buy-In with respect to an attempted conversion of shares of Underlying
            Common Stock with an aggregate sale price giving rise to such purchase
            obligation of $10,000, under clause (1) of the immediately preceding
            sentence
            the Issuer shall be required to pay the Holder $1,000. The Holder shall
            provide
            the Issuer written notice indicating the amounts payable to the Holder
            in
            respect of the Buy-In, together with applicable confirmations and other
            evidence
            reasonably requested by the Issuer. Nothing herein shall limit a Holder’s right
            to pursue any other remedies available to it hereunder, at law or in
            equity
            including, without limitation, a decree of specific performance and/or
            injunctive relief with respect to the Issuer’s failure to timely deliver
            certificates representing shares of Underlying Common Stock upon conversion
            of
            the Warrant Stock exercised in this Warrant as required pursuant to the
            terms
            hereof.

          
            
              
              

            

            
              2

              
                

              

            

            
              
              

            

          

           

          (e) Transferability
            of Warrant.
            Subject
            to Section 2(g) hereof, this Warrant may be transferred by a Holder,
            in whole or
            in part, without the consent of the Issuer. If transferred pursuant to
            this
            paragraph, this Warrant may be transferred on the books of the Issuer
            by the
            Holder hereof in person or by duly authorized attorney, upon surrender
            of this
            Warrant at the principal office of the Issuer, properly endorsed (by
            the Holder
            executing an assignment in the form attached hereto) and upon payment
            of any
            necessary transfer tax or other governmental charge imposed upon such
            transfer.
            This Warrant is exchangeable at the principal office of the Issuer for
            Warrants
            to purchase the same aggregate number of shares of Warrant Stock, each
            new
            Warrant to represent the right to purchase such number of shares of Warrant
            Stock as the Holder hereof shall designate at the time of such exchange.
            All
            Warrants issued on transfers or exchanges shall be dated the Original
            Issue Date
            and shall be identical with this Warrant except as to the number of shares
            of
            Warrant Stock issuable pursuant thereto.

           

          (f) Continuing
            Rights of Holder.
            The
            Issuer will, at the time of or at any time after each exercise of this
            Warrant,
            upon the request of the Holder hereof, acknowledge in writing the extent,
            if
            any, of its continuing obligation to afford to such Holder all rights
            to which
            such Holder shall continue to be entitled after such exercise in accordance
            with
            the terms of this Warrant, provided that if any such Holder shall fail
            to make
            any such request, the failure shall not affect the continuing obligation
            of the
            Issuer to afford such rights to such Holder.

           

          (g) Compliance
            with Securities Laws. 

           

          (i) The
            Holder of this Warrant, by acceptance hereof, acknowledges that this
            Warrant and
            the shares of Warrant Stock and Underlying Common Stock issuable hereunder
            are
            being acquired solely for the Holder’s own account and not as a nominee for any
            other party, and for investment, and that the Holder will not offer,
            sell or
            otherwise dispose of this Warrant or any shares of Warrant Stock or Underlying
            Common Stock to be issued upon exercise hereof except pursuant to an
            effective
            registration statement, or an exemption from registration, under the
            Securities
            Act and any applicable state securities laws.

          
            
              
              

            

            
              3

              
                

              

            

            
              
              

            

          

           

          (ii) Except
            as
            provided in paragraph (iii) below, this Warrant and all certificates
            representing shares of Warrant Stock issued upon exercise hereof and,
            if
            appropriate, the Underlying Common Stock issued upon conversion of the
            Warrant
            Stock, shall be stamped or imprinted with a legend in substantially the
            following form:

           

          THIS
            WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN
            REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)
            OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
            DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER APPLICABLE
            STATE SECURITIES LAWS OR THE ISSUER SHALL HAVE RECEIVED AN OPINION OF
            COUNSEL
            REASONABLY SATISFACTORY TO THE ISSUER THAT REGISTRATION OF SUCH SECURITIES
            UNDER
            THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES
            LAWS
            IS NOT REQUIRED.

           

          (iii) The
            Issuer agrees to reissue this Warrant or certificates representing any
            of the
            Warrant Stock and Underlying Common Stock, without the legend set forth
            above if
            at such time, prior to making any transfer of any such securities, the
            Holder
            shall give written notice to the Issuer describing the manner and terms
            of such
            transfer. Such proposed transfer will not be effected until: (a) either
            (i) the
            Issuer has received an opinion of counsel reasonably satisfactory to
            the Issuer,
            to the effect that the registration of such securities under the Securities
            Act
            is not required in connection with such proposed transfer, (ii) a registration
            statement under the Securities Act covering such proposed disposition
            has been
            filed by the Issuer with the Securities and Exchange Commission and has
            become
            effective under the Securities Act, (iii) the Issuer has received other
            evidence
            reasonably satisfactory to the Issuer that such registration and qualification
            under the Securities Act and state securities laws are not required,
            or (iv) the
            Holder provides the Issuer with reasonable assurances that such security
            can be
            sold pursuant to Rule 144 under the Securities Act; and (b) either (i)
            the
            Issuer has received an opinion of counsel reasonably satisfactory to
            the Issuer,
            to the effect that registration or qualification under the securities
            or “blue
            sky” laws of any state is not required in connection with such proposed
            disposition, or (ii) compliance with applicable state securities or “blue sky”
laws has been effected or a valid exemption exists with respect thereto.
            The
            Issuer will respond to any such notice from a holder within three (3)
            Trading
            Days. In the case of any proposed transfer under this Section 2(h), the
            Issuer
            will use reasonable efforts to comply with any such applicable state
            securities
            or “blue sky” laws, but shall in no event be required, (x) to qualify to do
            business in any state where it is not then qualified, (y) to take any
            action
            that would subject it to tax or to the general service of process in
            any state
            where it is not then subject, or (z) to comply with state securities
            or “blue
            sky” laws of any state for which registration by coordination is unavailable
            to
            the Issuer. The restrictions on transfer contained in this Section 2(g)
            shall be
            in addition to, and not by way of limitation of, any other restrictions
            on
            transfer contained in any other section of this Warrant. Whenever a certificate
            representing the Warrant Stock is required to be issued to the Holder
            without a
            legend, in lieu of delivering physical certificates representing the
            Warrant
            Stock, the Issuer shall cause its transfer agent to electronically transmit
            the
            Warrant Stock to the Holder by crediting the account of the Holder or
            Holder’s
            Prime Broker with DTC through its DWAC system (to the extent not inconsistent
            with any provisions of this Warrant or the Purchase Agreement).

          
            
              
              

            

            
              4

              
                

              

            

            
              
              

            

          

           

          (h) Accredited
            Investor Status.
            In no
            event may the Holder exercise this Warrant in whole or in part unless the Holder
            is an “accredited investor” as defined in Regulation D under the Securities
            Act.

           

          3. Stock
            Fully Paid; Reservation and Listing of Shares; Covenants. 

           

          (a) Stock
            Fully Paid.
            The
            Issuer represents, warrants, covenants and agrees that all shares of
            Warrant
            Stock which may be issued upon the exercise of this Warrant or otherwise
            hereunder, and all shares of Underlying Common Stock which may be issued
            upon
            the conversion of the Warrant Stock or otherwise hereunder will, when
            issued in
            accordance with the terms of this Warrant, be duly authorized, validly
            issued,
            fully paid and non-assessable and free from all taxes, liens and charges
            created
            by or through the Issuer. The Issuer further covenants and agrees that
            during
            the period within which this Warrant may be exercised, the Issuer will
            at all
            times have authorized and reserved for the purpose of the issuance upon
            exercise
            of this Warrant a number of authorized but unissued shares of Preferred
            Stock
            equal to at least one hundred percent (100%) of the number of shares
            of Series B
            Stock issuable upon exercise of this Warrant without regard to any limitations
            on exercise, and a number of authorized but unissued shares of Common
            Stock
            equal to at least one hundred percent (100%) of the number of shares
            of
            Underlying Common stock issuable upon conversion of the Warrant
            Stock.

           

          (b) Reservation.
            If any
            shares of Series B Stock or Common Stock required to be reserved for
            issuance
            upon exercise of this Warrant or as otherwise provided hereunder require
            registration or qualification with any Governmental Authority under any
            federal
            or state law before such shares may be so issued, the Issuer will in
            good faith
            use its best efforts as expeditiously as possible at its expense to cause
            such
            shares to be duly registered or qualified. If the Issuer shall list any
            shares
            of Common Stock on any securities exchange or market it will, at its
            expense,
            list thereon, and maintain and increase when necessary such listing,
            of, all
            shares of Underlying Common Stock from time to time issued upon conversion
            of
            the Warrant Stock or as otherwise provided hereunder (provided that such
            Underlying Common Stock has been registered pursuant to a registration
            statement
            under the Securities Act then in effect), and, to the extent permissible
            under
            the applicable securities exchange rules, all unissued shares of Underlying
            Common Stock which are at any time issuable upon conversion of the Warrant
            Stock
            hereunder, so long as any shares of Common Stock shall be so listed.
            The Issuer
            will also so list on each securities exchange or market, and will maintain
            such
            listing of, any other securities which the Holder of this Warrant shall
            be
            entitled to receive upon the exercise of this Warrant if at the time
            any
            securities of the same class shall be listed on such securities exchange
            or
            market by the Issuer.

           

          (c) Covenants.
            The
            Issuer shall not by any action including, without limitation, amending
            the
            Articles of Incorporation or the by-laws of the Issuer, or through any
            reorganization, transfer of assets, consolidation, merger, dissolution,
            issue or
            sale of securities or any other action, avoid or seek to avoid the observance
            or
            performance of any of the terms of this Warrant, but will at all times
            in good
            faith assist in the carrying out of all such terms and in the taking
            of all such
            actions as may be necessary or appropriate to protect the rights of the
            Holder
            hereof against dilution (to the extent specifically provided herein)
            or
            impairment. Without limiting the generality of the foregoing, the Issuer
            will
            (i) not permit the par value, if any, of its Common Stock to exceed the
            then
            effective Warrant Price, (ii) not amend or modify any provision of the
            Articles
            of Incorporation or by-laws of the Issuer in any manner that would adversely
            affect the rights of the Holder of the Warrants, (iii) take all such
            action as
            may be reasonably necessary in order that the Issuer may validly and
            legally
            issue fully paid and nonassessable shares of Preferred Stock, upon exercise
            of
            this Warrant and Common Stock upon conversion of the Warrant Stock, free
            and
            clear of any liens, claims, encumbrances and restrictions (other than
            as
            provided herein), and (iv) use its best efforts to obtain all such
            authorizations, exemptions or consents from any public regulatory body
            having
            jurisdiction thereof as may be reasonably necessary to enable the Issuer
            to
            perform its obligations under this Warrant.

          
            
              
              

            

            
              5

              
                

              

            

            
              
              

            

          

           

          (d) Loss,
            Theft, Destruction of Warrants.
            Upon
            receipt of evidence satisfactory to the Issuer of the ownership of and
            the loss,
            theft, destruction or mutilation of any Warrant and, in the case of any
            such
            loss, theft or destruction, upon receipt of indemnity or security satisfactory
            to the Issuer or, in the case of any such mutilation, upon surrender
            and
            cancellation of such Warrant, the Issuer will make and deliver, in lieu
            of such
            lost, stolen, destroyed or mutilated Warrant, a new Warrant of like tenor
            and
            representing the right to purchase the same number of shares of Common
            Stock.

           

          (e) Payment
            of Taxes.
            The
            Issuer will pay any documentary stamp taxes attributable to the initial
            issuance
            of the Warrant Stock issuable upon exercise of this Warrant; provided,
            however,
            that
            the Issuer shall not be required to pay any tax or taxes which may be
            payable in
            respect of any transfer involved in the issuance or delivery of any certificates
            representing Warrant Stock in a name other than that of the Holder in
            respect to
            which such shares are issued.

           

          4. Adjustment
            of Warrant Price.
            The
            price at which such shares of Warrant Stock may be purchased upon exercise
            of
            this Warrant shall be subject to adjustment from time to time as set
            forth in
            this Section 4. The Issuer shall give the Holder notice of any event
            described
            below which requires an adjustment pursuant to this Section 4 in accordance
            with
            the notice provisions set forth in Section 5.

           

          (a) Recapitalization,
            Reorganization, Reclassification, Consolidation, Merger or Sale.

           

          (i) In
            case
            the Issuer after the Original Issue Date shall do any of the following
            (each, a
“Triggering
            Event”):
            (a)
            consolidate or merge with or into any other Person and the Issuer shall
            not be
            the continuing or surviving corporation of such consolidation or merger,
            or (b)
            permit any other Person to consolidate with or merge into the Issuer
            and the
            Issuer shall be the continuing or surviving Person but, in connection
            with such
            consolidation or merger, any Capital Stock of the Issuer shall be changed
            into
            or exchanged for Securities of any other Person or cash or any other
            property,
            or (c) transfer all or substantially all of its properties or assets
            to any
            other Person, or (d) effect a capital reorganization or reclassification
            of its
            Capital Stock, then, and in the case of each such Triggering Event, proper
            provision shall be made to the Warrant Price and the number of shares
            of Warrant
            Stock that may be purchased upon exercise of this Warrant so that, upon
            the
            basis and the terms and in the manner provided in this Warrant, the Holder
            of
            this Warrant shall be entitled upon the exercise hereof at any time after
            the
            consummation of such Triggering Event, to the extent this Warrant is
            not
            exercised prior to such Triggering Event, to receive at the Warrant Price
            in
            effect at the time immediately prior to the consummation of such Triggering
            Event, in lieu of the Series B issuable upon such exercise of this Warrant
            prior
            to such Triggering Event, the Securities, cash and property to which
            such Holder
            would have been entitled upon the consummation of such Triggering Event
            if such
            Holder had exercised the rights represented by this Warrant immediately
            prior
            thereto (including the right of a shareholder to elect the type of consideration
            it will receive upon a Triggering Event), subject to adjustments (subsequent
            to
            such corporate action) as nearly equivalent as possible to the adjustments
            provided for elsewhere in this Section 4; provided,
            however,
            the
            Holder at its option may elect to receive an amount in unregistered shares
            of
            the common stock of the surviving entity equal to the value of this Warrant
            calculated in accordance with the Black-Scholes formula; provided,
            further,
            such
            shares of Common Stock shall be valued at a twenty percent (20%) discount
            to the
            VWAP of the Common Stock for the twenty (20) Trading Days immediately
            prior to
            the Triggering Event. Immediately upon the occurrence of a Triggering
            Event, the
            Issuer shall notify the Holder in writing of such Triggering Event and
            provide
            the calculations in determining the number of shares of Warrant Stock
            issuable
            upon exercise of the new warrant and the adjusted Warrant Price. Upon
            the
            Holder’s request, the continuing or surviving corporation as a result of such
            Triggering Event shall issue to the Holder a new warrant of like tenor
            evidencing the right to purchase the adjusted number of shares of Warrant
            Stock
            and the adjusted Warrant Price pursuant to the terms and provisions of
            this
            Section 4(a)(i). Notwithstanding the foregoing to the contrary, this
            Section
            4(a)(i) shall only apply if the surviving entity pursuant to any such
            Triggering
            Event is a company that has a class of equity securities registered pursuant
            to
            the Securities Exchange Act of 1934, as amended (the “Exchange
            Act”),
            and
            its common stock is listed or quoted on a national securities exchange,
            national
            automated quotation system or the OTC Bulletin Board. In the event that
            the
            surviving entity pursuant to any such Triggering Event is not a public
            company
            that is registered pursuant to the Exchange Act or its common stock is
            not
            listed or quoted on a national securities exchange, national automated
            quotation
            system or the OTC Bulletin Board, then the Holder shall have the right
            to demand
            that the Issuer pay to the Holder an amount in cash equal to the value
            of this
            Warrant calculated in accordance with the Black-Scholes
            formula.

          
            
              
              

            

            
              6

              
                

              

            

            
              
              

            

          

           

          (ii) In
            the
            event that the Holder has elected not to exercise this Warrant prior
            to the
            consummation of a Triggering Event and has also elected not to receive
            an amount
            in cash equal to the value of this Warrant calculated in accordance with
            the
            Black-Scholes formula pursuant to the provisions of Section 4(a)(i) above,
            so
            long as the surviving entity pursuant to any Triggering Event is a company
            that
            has a class of equity securities registered pursuant to the Exchange
            Act and its
            common stock is listed or quoted on a national securities exchange, national
            automated quotation system or the OTC Bulletin Board, the surviving entity
            and/or each Person (other than the Issuer) which may be required to deliver
            any
            Securities, cash or property upon the exercise of this Warrant as provided
            herein shall assume, by written instrument delivered to, and reasonably
            satisfactory to, the Holder of this Warrant, (A) the obligations of the
            Issuer
            under this Warrant (and if the Issuer shall survive the consummation
            of such
            Triggering Event, such assumption shall be in addition to, and shall
            not release
            the Issuer from, any continuing obligations of the Issuer under this
            Warrant)
            and (B) the obligation to deliver to such Holder such Securities, cash
            or
            property as, in accordance with the foregoing provisions of this subsection
            (a),
            such Holder shall be entitled to receive, and the surviving entity and/or
            each
            such Person shall have similarly delivered to such Holder an opinion
            of counsel
            for the surviving entity and/or each such Person, which counsel shall
            be
            reasonably satisfactory to such Holder, or in the alternative, a written
            acknowledgement executed by the President or Chief Financial Officer
            of the
            Issuer, stating that this Warrant shall thereafter continue in full force
            and
            effect and the terms hereof (including, without limitation, all of the
            provisions of this subsection (a)) shall be applicable to the Securities,
            cash
            or property which the surviving entity and/or each such Person may be
            required
            to deliver upon any exercise of this Warrant or the exercise of any rights
            pursuant hereto.

          
            
              
              

            

            
              7

              
                

              

            

            
              
              

            

          

           

          (b) Stock
            Dividends, Subdivisions and Combinations.
            If at
            any time the Issuer shall:

           

          (i) make
            or
            issue or set a record date for the holders of any Preferred Stock for
            the
            purpose of entitling them to receive a dividend payable in, or other
            distribution of, shares of Preferred Stock ,

           

          (ii) subdivide
            its outstanding shares of Series B Stock into a larger number of shares
            of
            Preferred Stock , or

           

          (iii) combine
            its outstanding shares of Series B Stock into a smaller number of shares
            of
            Series B Stock

           

          then
            (1)
            the number of shares of Series B Stock for which this Warrant is exercisable
            immediately after the occurrence of any such event shall be adjusted
            to equal
            the number of shares of Series B Stock which a record holder of the same
            number
            of shares of Preferred Stock for which this Warrant is exercisable immediately
            prior to the occurrence of such event would own or be entitled to receive
            after
            the happening of such event, and (2) the Warrant Price then in effect
            shall be
            adjusted to equal (A) the Warrant Price then in effect multiplied by
            the number
            of shares of Series B Stock for which this Warrant is exercisable immediately
            prior to the adjustment divided by (B) the number of shares of Series
            B Stock
            for which this Warrant is exercisable immediately after such
            adjustment.

           

          (c) Certain
            Other Distributions.
            If at
            any time the Issuer shall make or issue or set a record date for the
            holders of
            the Preferred Stock for the purpose of entitling them to receive any
            dividend or
            other distribution of:

           

          (i) cash,

           

          (ii) any
            evidences of its indebtedness, any shares of stock of any class or any
            other
            securities or property of any nature whatsoever (other than cash, Preferred
            Stock Equivalents or Additional Shares of Preferred Stock), or

          
            
              
              

            

            
              8

              
                

              

            

            
              
              

            

          

           

          (iii) any
            warrants or other rights to subscribe for or purchase any evidences of
            its
            indebtedness, any shares of stock of any class or any other securities
            or
            property of any nature whatsoever (other than cash, Preferred Stock Equivalents
            or Additional Shares of Preferred Stock),

           

          then
            (1)
            the number of shares of Series B Stock for which this Warrant is exercisable
            shall be adjusted to equal the product of the number of shares of Series
            B Stock
            for which this Warrant is exercisable immediately prior to such adjustment
            multiplied by a fraction (A) the numerator of which shall be the Per
            Share
            Market Value of the Underlying Common Stock at the date of taking such
            record
            and (B) the denominator of which shall be such Per Share Market Value
            of the
            Underlying Common Stock minus the amount allocable to one share of Underlying
            Common Stock of any such cash so distributable and of the fair value
            (as
            determined by an Independent Appraiser mutually agreed upon by the Issuer
            and
            the Holder) of any and all such evidences of indebtedness, shares of
            stock,
            other securities or property or warrants or other subscription or purchase
            rights so distributable , and (2) the Warrant Price then in effect shall
            be
            adjusted to equal (A) the Warrant Price then in effect multiplied by
            the number
            of shares of Preferred Stock for which this Warrant is exercisable immediately
            prior to the adjustment divided by (B) the number of shares of Series
            B Stock
            for which this Warrant is exercisable immediately after such adjustment.
            A
            reclassification of the Preferred Stock (other than a change in par value,
            or
            from par value to no par value or from no par value to par value) into
            shares of
            Preferred Stock and shares of any other class of stock shall be deemed
            a
            distribution by the Issuer to the holders of its Preferred Stock of such
            shares
            of such other class of stock within the meaning of this Section 4(c)
            and, if the
            outstanding shares of Preferred Stock shall be changed into a larger
            or smaller
            number of shares of Preferred Stock as a part of such reclassification,
            such
            change shall be deemed a subdivision or combination, as the case may
            be, of the
            outstanding shares of Preferred Stock within the meaning of Section
            4(b).

           

          (d) Issuance
            of Additional Shares of Preferred Stock.
            In the
            event the Issuer shall issue any Additional Shares of Preferred Stock
            (otherwise
            than as provided in the foregoing subsections (a) through (c) of this
            Section
            4), at a price per share less than the Warrant Price then in effect or
            without
            consideration, then the Warrant Price upon each such issuance shall be
            adjusted
            to the price equal to the consideration per share paid for such Additional
            Shares of Preferred Stock.

           

          (e) Issuance
            of Preferred Stock Equivalents.
            In the
            event the Issuer shall take a record of the holders of its Preferred
            Stock for
            the purpose of entitling them to receive a distribution of, or shall
            in any
            manner (whether directly or by assumption in a merger in which the Issuer
            is the
            surviving corporation) issue or sell, any Preferred Stock Equivalents,
            whether
            or not the rights to exchange or convert thereunder are immediately exercisable,
            and the price per share for which Preferred Stock is issuable upon such
            conversion or exchange shall be less than the Warrant Price in effect
            immediately prior to the time of such issue or sale, or if, after any
            such
            issuance of Preferred Stock Equivalents, the price per share for which
            Additional Shares of Preferred Stock may be issuable thereafter is amended
            or
            adjusted, and such price as so amended shall be less than the Warrant
            Price in
            effect at the time of such amendment or adjustment, then the Warrant
            Price then
            in effect shall be adjusted as provided in Section 4(d). No further adjustments
            of the number of shares of Preferred Stock for which this Warrant is
            exercisable
            and the Warrant Price then in effect shall be made upon the actual issue
            of such
            Preferred Stock upon conversion or exchange of such Preferred Stock
            Equivalents.

          
            
              
              

            

            
              9

              
                

              

            

            
              
              

            

          

           

          (f) Other
            Provisions Applicable to Adjustments under this Section.
            The
            following provisions shall be applicable to the making of adjustments
            of the
            number of shares of Series B Stock for which this Warrant is exercisable
            and the
            Warrant Price then in effect provided for in this Section 4:

           

          (i) Computation
            of Consideration.
            To the
            extent that any Additional Shares of Preferred Stock or any Preferred
            Stock
            Equivalents (or any warrants or other rights therefore) shall be issued
            for cash
            consideration, the consideration received by the Issuer therefore shall
            be the
            amount of the cash received by the Issuer therefore, or, if such Additional
            Shares of Preferred Stock or Preferred Stock Equivalents are offered
            by the
            Issuer for subscription, the subscription price, or, if such Additional
            Shares
            of Preferred Stock or Preferred Stock Equivalents are sold to underwriters
            or
            dealers for public offering without a subscription offering, the initial
            public
            offering price (in any such case subtracting any amounts paid or receivable
            for
            accrued interest or accrued dividends and without taking into account
            any
            compensation, discounts or expenses paid or incurred by the Issuer for
            and in
            the underwriting of, or otherwise in connection with, the issuance thereof).
            In
            connection with any merger or consolidation in which the Issuer is the
            surviving
            corporation (other than any consolidation or merger in which the previously
            outstanding shares of Preferred Stock of the Issuer shall be changed
            to or
            exchanged for the stock or other securities of another corporation),
            the amount
            of consideration therefore shall be, deemed to be the fair value, as
            determined
            reasonably and in good faith by the Board, and acceptable to the Holder,
            of such
            portion of the assets and business of the nonsurviving corporation as
            the Board
            may determine to be attributable to such shares of Preferred Stock or
            Preferred
            Stock Equivalents, as the case may be. The consideration for any Additional
            Shares of Preferred Stock issuable pursuant to any warrants or other
            rights to
            subscribe for or purchase the same shall be the consideration received
            by the
            Issuer for issuing such warrants or other rights plus the additional
            consideration payable to the Issuer upon exercise of such warrants or
            other
            rights. The consideration for any Additional Shares of Preferred Stock
            issuable
            pursuant to the terms of any Preferred Stock Equivalents shall be the
            consideration received by the Issuer for issuing warrants or other rights
            to
            subscribe for or purchase such Preferred Stock Equivalents, plus the
            consideration paid or payable to the Issuer in respect of the subscription
            for
            or purchase of such Preferred Stock Equivalents, plus the additional
            consideration, if any, payable to the Issuer upon the exercise of the
            right of
            conversion or exchange in such Preferred Stock Equivalents. In the event
            of any
            consolidation or merger of the Issuer in which the Issuer is not the
            surviving
            corporation or in which the previously outstanding shares of Preferred
            Stock of
            the Issuer shall be changed into or exchanged for the stock or other
            securities
            of another corporation, or in the event of any sale of all or substantially
            all
            of the assets of the Issuer for stock or other securities of any corporation,
            the Issuer shall be deemed to have issued a number of shares of its
            PreferredStock for stock or securities or other property of the other
            corporation computed on the basis of the actual exchange ratio on which
            the
            transaction was predicated, and for a consideration equal to the fair
            market
            value on the date of such transaction of all such stock or securities
            or other
            property of the other corporation. In the event any consideration received
            by
            the Issuer for any securities consists of property other than cash, the
            fair
            market value thereof at the time of issuance or as otherwise applicable
            shall be
            as determined in good faith by the Board. In the event Preferred Stock
            is issued
            with other shares or securities or other assets of the Issuer for consideration
            which covers both, the consideration computed as provided in this Section
            4(g)(i) shall be allocated among such securities and assets as determined
            in
            good faith by the Board.

          
            
              
              

            

            
              10

              
                

              

            

            
              
              

            

          

           

          (ii) When
            Adjustments to Be Made.
            The
            adjustments required by this Section 4 shall be made whenever and as
            often as
            any specified event requiring an adjustment shall occur, except that
            any
            adjustment of the number of shares of Series B Stock for which this Warrant
            is
            exercisable that would otherwise be required may be postponed (except
            in the
            case of a subdivision or combination of shares of the Preferred Stock,
            as
            provided for in Section 4(b)) up to, but not beyond the date of exercise
            if such
            adjustment either by itself or with other adjustments not previously
            made adds
            or subtracts less than one percent (1%) of the shares of Series B Stock
            for
            which this Warrant is exercisable immediately prior to the making of
            such
            adjustment. Any adjustment representing a change of less than such minimum
            amount (except as aforesaid) which is postponed shall be carried forward
            and
            made as soon as such adjustment, together with other adjustments required
            by
            this Section 4 and not previously made, would result in a minimum adjustment
            or
            on the date of exercise. For the purpose of any adjustment, any specified
            event
            shall be deemed to have occurred at the close of business on the date
            of its
            occurrence.

           

          (iii) Fractional
            Interests.
            In
            computing adjustments under this Section 4, fractional interests in Series
            BStock shall be taken into account to the nearest one one-hundredth (1/100th)
            of
            a share.

           

          (iv) When
            Adjustment Not Required.
            If the
            Issuer shall take a record of the holders of its Preferred Stock for
            the purpose
            of entitling them to receive a dividend or distribution or subscription
            or
            purchase rights and shall, thereafter and before the distribution to
            stockholders thereof, legally abandon its plan to pay or deliver such
            dividend,
            distribution, subscription or purchase rights, then thereafter no adjustment
            shall be required by reason of the taking of such record and any such
            adjustment
            previously made in respect thereof shall be rescinded and annulled.

           

          (v) Form
            of Warrant after Adjustments.
            The
            form of this Warrant need not be changed because of any adjustments in
            the
            Warrant Price or the number and kind of Securities purchasable upon the
            exercise
            of this Warrant.

           

          (vi) Escrow
            of Warrant Stock.
            If
            after any property becomes distributable pursuant to this Section 4 by
            reason of
            the taking of any record of the holders of Preferred Stock, but prior
            to the
            occurrence of the event for which such record is taken, and the Holder
            exercises
            this Warrant, any shares of Series B Stock issuable upon exercise by
            reason of
            such adjustment shall be deemed the last shares of Preferred Stock for
            which
            this Warrant is exercised (notwithstanding any other provision to the
            contrary
            herein) and such shares or other property shall be held in escrow for
            the Holder
            by the Issuer to be issued to the Holder upon and to the extent that
            the event
            actually takes place, upon payment of the current Warrant Price. Notwithstanding
            any other provision to the contrary herein, if the event for which such
            record
            was taken fails to occur or is rescinded, then such escrowed shares shall
            be
            cancelled by the Issuer and escrowed property returned.

          
            
              
              

            

            
              11

              
                

              

            

            
              
              

            

          

           

          5. Notice
            of Adjustments.
            Whenever the Warrant Price or Warrant Share Number shall be adjusted
            pursuant to
            Section 4 hereof (for purposes of this Section 5, each an “adjustment”),
            the
            Issuer shall cause its Chief Financial Officer to prepare and execute
            a
            certificate setting forth, in reasonable detail, the event requiring
            the
            adjustment, the amount of the adjustment, the method by which such adjustment
            was calculated (including a description of the basis on which the Board
            made any
            determination hereunder), and the Warrant Price and Warrant Share Number
            after
            giving effect to such adjustment, and shall cause copies of such certificate
            to
            be delivered to the Holder of this Warrant promptly after each adjustment.
            Any
            dispute between the Issuer and the Holder of this Warrant with respect
            to the
            matters set forth in such certificate may at the option of the Holder
            of this
            Warrant be submitted to an Independent Appraiser, provided that the Issuer
            shall
            have ten (10) days after receipt of notice from such Holder of its selection
            of
            such firm to object thereto, in which case such Holder shall select another
            such
            firm and the Issuer shall have no such right of objection. The Independent
            Appraiser selected by the Holder of this Warrant as provided in the preceding
            sentence shall be instructed to deliver a written opinion as to such
            matters to
            the Issuer and such Holder within thirty (30) days after submission to
            it of
            such dispute. Such opinion shall be final and binding on the parties
            hereto. The
            reasonable expenses of the Independent Appraiser in making such determination
            shall be paid by the Issuer, in the event the Holder's calculation was
            correct,
            or by the Holder, in the event the Issuer’s calculation was correct, or equally
            by the Issuer and the Holder in the event that neither the Issuer's or
            the
            Holder's calculation was correct.

           

          6. Fractional
            Shares.
            No
            fractional shares of Warrant Stock will be issued in connection with
            any
            exercise hereof, but in lieu of such fractional shares, the Issuer shall
            round
            the number of shares to be issued upon exercise up to the nearest whole
            number
            of shares.

           

          7. Ownership
            Cap and Exercise Restriction.
            Notwithstanding anything to the contrary set forth in this Warrant, at
            no time
            may a Holder of this Warrant exercise this Warrant if the number of shares
            of
            Series B Stock to be issued pursuant to such exercise would exceed, when
            aggregated with all other shares of Series B Stock owned by such Holder
            at such
            time, the number of shares of Series B Stock which would result in such
            Holder
            beneficially owning, upon conversion of the Series B Stock (as determined
            in
            accordance with Section 13(d) of the Exchange Act and the rules thereunder)
            in
            excess of 4.99% of the then issued and outstanding shares of Common Stock;
            provided,
            however,
            that
            upon a holder of this Warrant providing the Issuer with sixty-one (61)
            days
            notice (pursuant to Section 13 hereof) (the “Waiver
            Notice”)
            that
            such Holder would like to waive this Section 7 with regard to any or
            all shares
            of Series B Stock issuable upon exercise of this Warrant, this Section
            7 will be
            of no force or effect with regard to all or a portion of the Warrant
            referenced
            in the Waiver Notice; provided,
            further,
            that
            this provision shall be of no further force or effect during the sixty-one
            (61)
            days immediately preceding the expiration of the term of this
            Warrant.

           

          8. Registration
            Rights.
            The
            Holder of this Warrant is entitled to the benefit of certain registration
            rights
            with respect to the shares of Underlying Common Stock issuable upon the
            conversion of the Warrant Stock issuable upon exercise of this Warrant
            pursuant
            to that certain Registration Rights Agreement, of even date herewith,
            by and
            among the Company and Persons listed on Schedule I thereto (the “Registration
            Rights Agreement”)
            and
            the registration rights with respect to the shares of Warrant Stock issuable
            upon the exercise of this Warrant by any subsequent Holder may only be
            assigned
            in accordance with the terms and provisions of the Registrations Rights
            Agreement.

          
            
              
              

            

            
              12

              
                

              

            

            
              
              

            

          

           

          9. Definitions.
            For the
            purposes of this Warrant, the following terms have the following
            meanings:

           

          “Additional
            Shares of Preferred Stock”
means
            all shares of Preferred Stock issued by the Issuer after the Original
            Issue
            Date, and all shares of Other Preferred, if any, issued by the Issuer
            after the
            Original Issue Date, except: (i) securities issued pursuant to a bona
            fide firm
            underwritten public offering of the Company’s securities, provided such
            underwritten public offering has been approved in advance by the holders
            of more
            than fifty percent (50%) of the then outstanding shares of Series B issued
            pursuant to the Purchase Agreement (the “Majority
            Holders”),
            (ii)
            securities issued (other than for cash) in connection with a strategic
            merger,
            acquisition, or consolidation, provided that the issuance of such securities
            in
            connection with such strategic merger, acquisition, or consolidation
            has been
            approved in advance by the Majority Holders, (iii) securities issued
            pursuant to
            the conversion or exercise of convertible or exercisable securities issued
            or
            outstanding on or prior to the date of the Purchase Agreement (so long
            as the
            conversion or exercise price in such securities are not amended to lower
            such
            price and/or adversely affect the Holders) or issued pursuant to the
            Purchase
            Agreement, (iv) the Warrant Stock, (v) securities issued in connection
            with bona
            fide strategic license agreements or other partnering arrangements so
            long as
            such issuances are not for the purpose of raising capital and provided
            that the
            issuance of such securities in connection with such bona fide strategic
            license
            agreements or other partnering arrangements has been approved in advance
            by the
            Majority Holders, and (vi) any warrants, shares of Preferred Stock or
            other
            securities issued to a placement agent and its designees for the transactions
            contemplated by the Purchase Agreement or in any other sales of the Issuer’s
            securities and any securities issued in connection with any financial
            advisory
            agreements of the Issuer and the shares of Preferred Stock or Common
            Stock
            issued upon exercise of any such warrants or conversions of any such
            other
            securities.

           

          “Articles
            of Incorporation”
means
            the Articles of Incorporation of the Issuer as in effect on the Original
            Issue
            Date, and as hereafter from time to time amended, modified, supplemented
            or
            restated in accordance with the terms hereof and thereof and pursuant
            to
            applicable law.

           

          “Board”
shall
            mean the Board of Directors of the Issuer.

           

          “Capital
            Stock”
means
            and includes (i) any and all shares, interests, participations or other
            equivalents of or interests in (however designated) corporate stock,
            including,
            without limitation, shares of preferred or preference stock, (ii) all
            partnership interests (whether general or limited) in any Person which
            is a
            partnership, (iii) all membership interests or limited liability company
            interests in any limited liability company, and (iv) all equity or ownership
            interests in any Person of any other type.

          
            
              
              

            

            
              13

              
                

              

            

            
              
              

            

          

           

          “Preferred
            Stock”
means
            any class or series of Preferred Stock, $0.001 par value per share, of
            the
            Issuer as designated by the Board, and any other Capital Stock into which
            such
            stock may hereafter be changed.

           

          “Preferred
            Stock Equivalent”
means
            any Convertible Security or warrant, option or other right to subscribe
            for or
            purchase any Additional Shares of Preferred Stock or any Convertible
            Security.

           

          “Convertible
            Securities”
means
            evidences of Indebtedness, shares of Capital Stock or other Securities
            which are
            or may be at any time convertible into or exchangeable for Additional
            Shares of
            Preferred Stock. The term “Convertible Security” means one of the Convertible
            Securities.

           

          “Governmental
            Authority”
means
            any governmental, regulatory or self-regulatory entity, department, body,
            official, authority, commission, board, agency or instrumentality, whether
            federal, state or local, and whether domestic or foreign.

           

          “Holders”
mean
            the Persons who shall from time to time own any Warrant. The term “Holder” means
            one of the Holders.

           

          “Independent
            Appraiser”
means
            a
            nationally recognized or major regional investment banking firm or firm
            of
            independent certified public accountants of recognized standing (which
            may be
            the firm that regularly examines the financial statements of the Issuer)
            that is
            regularly engaged in the business of appraising the Capital Stock or
            assets of
            corporations or other entities as going concerns, and which is not affiliated
            with either the Issuer or the Holder of any Warrant.

           

          “Issuer”
means
            Victory Divide Mining Company, a Nevada corporation, and its
            successors.

           

          “Original
            Issue Date”
means
            October 3, 2007.

           

          “OTC
            Bulletin Board”
means
            the over-the-counter electronic bulletin board.

           

          “Other
            Preferred”
means
            any other Capital Stock of the Issuer of any class which shall be authorized
            at
            any time after the date of this Warrant (other than Preferred Stock)
            and which
            shall have the right to participate in the distribution of earnings and
            assets
            of the Issuer without limitation as to amount.

           

          “Person”
means
            an individual, corporation, limited liability company, partnership, joint
            stock
            company, trust, unincorporated organization, joint venture, Governmental
            Authority or other entity of whatever nature.

           

          “Per
            Share Market Value”
means
            on any particular date (a) the last closing price per share of the Common
            Stock
            on such date on the OTC Bulletin Board or another registered national
            stock
            exchange on which the Common Stock is then listed, or if there is no
            closing
            price on such date, then the closing bid price on such date, or if there
            is no
            closing bid price on such date, then the closing price on such exchange
            or
            quotation system on the date nearest preceding such date, or (b) if the
            Common
            Stock is not listed then on the OTC Bulletin Board or any registered
            national
            stock exchange, the last closing price for a share of Common Stock in
            the
            over-the-counter market, as reported by the OTC Bulletin Board or in
            the
            National Quotation Bureau Incorporated or similar organization or agency
            succeeding to its functions of reporting prices) at the close of business
            on
            such date, or if there is no closing price on such date, then the closing
            bid
            price on such date, or (c) if the Common Stock is not then reported by
            the OTC
            Bulletin Board or the National Quotation Bureau Incorporated (or similar
            organization or agency succeeding to its functions of reporting prices),
            then
            the average of the “Pink Sheet” quotes for the five (5) Trading Days preceding
            such date of determination, or (d) if the Common Stock is not then publicly
            traded the fair market value of a share of Common Stock as determined
            by an
            Independent Appraiser selected in good faith by the Majority Holders;
            provided,
            however,
            that
            the Issuer, after receipt of the determination by such Independent Appraiser,
            shall have the right to select an additional Independent Appraiser, in
            which
            case, the fair market value shall be equal to the average of the determinations
            by each such Independent Appraiser; and provided,
            further,
            that
            all determinations of the Per Share Market Value shall be appropriately
            adjusted
            for any stock dividends, stock splits or other similar transactions during
            such
            period. The determination of fair market value by an Independent Appraiser
            shall
            be based upon the fair market value of the Issuer determined on a going
            concern
            basis as between a willing buyer and a willing seller and taking into
            account
            all relevant factors determinative of value, and shall be final and binding
            on
            all parties. In determining the fair market value of any shares of Common
            Stock,
            no consideration shall be given to any restrictions on transfer of the
            Common
            Stock imposed by agreement or by federal or state securities laws, or
            to the
            existence or absence of, or any limitations on, voting rights.

          
            
              
              

            

            
              14

              
                

              

            

            
              
              

            

          

           

          “Purchase
            Agreement”
means
            the Series B Convertible Preferred Stock Purchase Agreement dated as
            of October
            3, 2007, among the Issuer and the Purchasers.

           

          “Purchasers”
means
            the purchasers of the Series B Convertible Preferred Stock and the Warrants
            issued by the Issuer pursuant to the Purchase Agreement.

           

          “Securities”
means
            any debt or equity securities of the Issuer, whether now or hereafter
            authorized, any instrument convertible into or exchangeable for Securities
            or a
            Security, and any option, warrant or other right to purchase or acquire
            any
            Security. “Security” means one of the Securities.

           

          “Securities
            Act”
means
            the Securities Act of 1933, as amended, or any similar federal statute
            then in
            effect.

           

          “Series
            B Stock”
means
            the Series B convertible preferred stock, par value $0.001 per share
            of the
            Issuer.

           

          “Subsidiary”
means
            any corporation at least 50% of whose outstanding Voting Stock shall
            at the time
            be owned directly or indirectly by the Issuer or by one or more of its
            Subsidiaries, or by the Issuer and one or more of its Subsidiaries.

           

          “Term”
has
            the
            meaning specified in Section 1 hereof.

          
            
              
              

            

            
              15

              
                

              

            

            
              
              

            

          

           

          “Trading
            Day”
means
            (a) a day on which the Common Stock is traded on the OTC Bulletin Board,
            or (b)
            if the Common Stock is not traded on the OTC Bulletin Board, a day on
            which the
            Common Stock is quoted in the over-the-counter market as reported by
            the
            National Quotation Bureau Incorporated (or any similar organization or
            agency
            succeeding its functions of reporting prices); provided,
            however,
            that in
            the event that the Common Stock is not listed or quoted as set forth
            in (a) or
            (b) hereof, then Trading Day shall mean any day except Saturday, Sunday
            and any
            day which shall be a legal holiday or a day on which banking institutions
            in the
            State of New York are authorized or required by law or other government
            action
            to close.

           

          “Trading
            Market”
means
            the following markets or exchanges on which the Common Stock is listed
            or quoted
            for trading on the date in question: the Nasdaq Capital Market, the Nasdaq
            Global Market, the Nasdaq Global Select Market, the New York Stock Exchange
            or
            the OTC Bulletin Board.

           

          “Underlying
            Common Stock”,
            means
            shares of Common Stock issuable upon conversion of the Series B Stock
            issuable
            upon exercise of this Warrant.

           

          “Voting
            Stock”
means,
            as applied to the Capital Stock of any corporation, Capital Stock of
            any class
            or classes (however designated) having ordinary voting power for the
            election of
            a majority of the members of the Board of Directors (or other governing
            body) of
            such corporation, other than Capital Stock having such power only by
            reason of
            the happening of a contingency.

           

          “VWAP”
means,
            for any date, the price determined by the first of the following clauses
            that
            applies: (a) if the Common Stock is then listed or quoted on a Trading
            Market,
            the daily volume weighted average price of the Common Stock for such
            date (or
            the nearest preceding date) on the Trading Market on which the Common
            Stock is
            then listed or quoted as reported by Bloomberg L.P. (based on a Trading
            Day from
            9:30 a.m. New York City time to 4:02 p.m. New York City time); (b) if
            the OTC
            Bulletin Board is not a Trading Market, the volume weighted average price
            of the
            Common Stock for such date (or the nearest preceding date) on the OTC
            Bulletin
            Board; (c) if the Common Stock is not then listed or quoted on the OTC
            Bulletin
            Board and if prices for the Common Stock are then reported in the "Pink
            Sheets"
            published by Pink Sheets, LLC (or a similar organization or agency succeeding
            to
            its functions of reporting prices), the most recent bid price per share
            of the
            Common Stock so reported; or (d) in all other cases, the fair market
            value of a
            share of Common Stock as determined by an independent appraiser selected
            in good
            faith by the Holders of a majority in interest of the Warrants then outstanding
            and reasonably acceptable to the Company, the fees and expenses of which
            shall
            be paid by the Company.

           

          “Warrants”
means
            the Warrants issued and sold pursuant to the Purchase Agreement, including,
            without limitation, this Warrant, and any other warrants of like tenor
            issued in
            substitution or exchange for any thereof pursuant to the provisions of
            Section
            2(c), 2(d) or 2(e) hereof or of any of such other Warrants.

           

          “Warrant
            Price”
            initially means $ 2.37, as such price may be adjusted from time to time
            as shall
            result from the adjustments specified in this Warrant, including Section
            4
            hereto.

          
            
              
              

            

            
              16

              
                

              

            

            
              
              

            

          

           

          “Warrant
            Share Number”
means
            at any time the aggregate number of shares of Warrant Stock which may
            at such
            time be purchased upon exercise of this Warrant, after giving effect
            to all
            prior adjustments and increases to such number made or required to be
            made under
            the terms hereof.

           

          “Warrant
            Stock”
means
            Series B Stock issuable upon exercise of any Warrant or Warrants or otherwise
            issuable pursuant to any Warrant or Warrants.

           

          10. Other
            Notices.
            In case
            at any time:

           

          (a) the
            Issuer shall make any distributions to the holders of Preferred Stock;
            or

           

          (b) the
            Issuer shall authorize the granting to all holders of its Preferred Stock
            of
            rights to subscribe for or purchase any shares of Capital Stock of any
            class or
            other rights; or

           

          (c) there
            shall be any reclassification of the Capital Stock of the Issuer;
            or

           

          (d) there
            shall be any capital reorganization by the Issuer; or

           

          (e) there
            shall be any (i) consolidation or merger involving the Issuer or (ii)
            sale,
            transfer or other disposition of all or substantially all of the Issuer’s
            property, assets or business (except a merger or other reorganization
            in which
            the Issuer shall be the surviving corporation and its shares of Capital
            Stock
            shall continue to be outstanding and unchanged and except a consolidation,
            merger, sale, transfer or other disposition involving a wholly-owned
            Subsidiary); or

           

          (f) there
            shall be a voluntary or involuntary dissolution, liquidation or winding-up
            of
            the Issuer or any partial liquidation of the Issuer or distribution to
            holders
            of Preferred Stock Stock;

           

          then,
            in
            each of such cases, the Issuer shall give written notice to the Holder
            of the
            date on which (i) the books of the Issuer shall close or a record shall
            be taken
            for such dividend, distribution or subscription rights or (ii) such
            reorganization, reclassification, consolidation, merger, disposition,
            dissolution, liquidation or winding-up, as the case may be, shall take
            place.
            Such notice also shall specify the date as of which the holders of Preferred
            Stock of record shall participate in such dividend, distribution or subscription
            rights, or shall be entitled to exchange their certificates for Preferred
            Stock
            for securities or other property deliverable upon such reorganization,
            reclassification, consolidation, merger, disposition, dissolution, liquidation
            or winding-up, as the case may be. Such notice shall be given at least
            twenty
            (20) days prior to the action in question and not less than ten (10)
            days prior
            to the record date or the date on which the Issuer’s transfer books are closed
            in respect thereto. This Warrant entitles the Holder to receive copies
            of all
            financial and other information distributed or required to be distributed
            to the
            holders of the Preferred Stock.

           

          11. Amendment
            and Waiver.
            Any
            term, covenant, agreement or condition in this Warrant may be amended,
            or
            compliance therewith may be waived (either generally or in a particular
            instance
            and either retroactively or prospectively), by a written instrument or
            written
            instruments executed by the Issuer and the Holder; provided,
            however,
            that no
            such amendment or waiver shall reduce the Warrant Share Number, increase
            the
            Warrant Price, shorten the period during which this Warrant may be exercised
            or
            modify any provision of this Section 11 without the consent of the Holder
            of
            this Warrant. No consideration shall be offered or paid to any person
            to amend
            or consent to a waiver or modification of any provision of this Warrant
            unless
            the same consideration is also offered to all holders of the
            Warrants.

          
            
              
              

            

            
              17

              
                

              

            

            
              
              

            

          

           

          12. Governing
            Law; Jurisdiction.
            This
            Warrant shall be governed by and construed in accordance with the internal
            laws
            of the State of New York, without giving effect to any of the conflicts
            of law
            principles which would result in the application of the substantive law
            of
            another jurisdiction. This Warrant shall not be interpreted or construed
            with
            any presumption against the party causing this Warrant to be drafted.
            The Issuer
            and the Holder agree that venue for any dispute arising under this Warrant
            will
            lie exclusively in the state or federal courts located in New York County,
            New
            York, and the parties irrevocably waive any right to raise forum non
            conveniens
            or any other argument that New York is not the proper venue. The Issuer
            and the
            Holder irrevocably consent to personal jurisdiction in the state and
            federal
            courts of the state of New York. The Issuer and the Holder consent to
            process
            being served in any such suit, action or proceeding by mailing a copy
            thereof to
            such party at the address in effect for notices to it under this Warrant
            and
            agree that such service shall constitute good and sufficient service
            of process
            and notice thereof. Nothing in this Section 12 shall affect or limit
            any right
            to serve process in any other manner permitted by law. The Issuer and
            the Holder
            hereby agree that the prevailing party in any suit, action or proceeding
            arising
            out of or relating to this Warrant or the Purchase Agreement, shall be
            entitled
            to reimbursement for reasonable legal fees from the non-prevailing party.
            The
            parties hereby waive all rights to a trial by jury.

           

          13. Notices.
            All
            notices, demands, consents, requests, instructions and other communications
            to
            be given or delivered or permitted under or by reason of the provisions
            of this
            Agreement or in connection with the transactions contemplated hereby
            shall be in
            writing and shall be deemed to be delivered and received by the intended
            recipient as follows: (i) if personally delivered, on the business day
            of such
            delivery (as evidenced by the receipt of the personal delivery service),
            (ii) if
            mailed certified or registered mail return receipt requested, two (2)
            business
            days after being mailed, (iii) if delivered by overnight courier (with
            all
            charges having been prepaid), on the business day of such delivery (as
            evidenced
            by the receipt of the overnight courier service of recognized standing),
            or (iv)
            if delivered by facsimile transmission, on the business day of such delivery
            if
            sent by 6:00 p.m. in the time zone of the recipient, or if sent after
            that time,
            on the next succeeding business day (as evidenced by the printed confirmation
            of
            delivery generated by the sending party’s telecopier machine). If any notice,
            demand, consent, request, instruction or other communication cannot be
            delivered
            because of a changed address of which no notice was given (in accordance
            with
            this Section 13), or the refusal to accept same, the notice, demand,
            consent,
            request, instruction or other communication shall be deemed received
            on the
            second business day the notice is sent (as evidenced by a sworn affidavit
            of the
            sender). All such notices, demands, consents, requests, instructions
            and other
            communications will be sent to the following addresses or facsimile numbers
            as
            applicable.

           

          

          
            	
                    If
                      to the Issuer: 

                  	
                    Victory
                      Divide Mining Company

                    c/o
                      Heilongjiang Yanglin Soybean Group

                    No.
                      99 Fanrong Street 

                    Jixian
                      Town Heilongjiang 

                    People’s
                      Republic of China 155900  

                    Tel:
                      86-469-467-8077

                    Fax:
                      86-469-469-3000

                  

          

          
            
              
              

            

            
              18

              
                

              

            

            
              
              

            

          

          

          
            	 	 
	
                    with
                      copies (which copies

                    shall
                      not constitute notice)

                    to:

                  	
                    Gusov
                      Ofsink, LLC

                    600
                      Madison Avenue, 14th Floor

                    New
                      York, New York 10022

                    Attention:
                      Darren Ofsink

                    Tel.
                      No.: (212) 371-8008, ext. 127

                    Fax
                      No.: (212) 688-7273

                  
	 	 
	
                    If
                      to any Holder:

                  	
                    To
                      the address set forth in Schedule I

                  
	 	 
	
                    with
                      copies (which copies

                    shall
                      not constitute notice)

                    to:

                  	
                    Loeb
                      & Loeb LLP

                    345
                      Park Avenue

                    New
                      York, NY 10154

                    Attn:
                      Mitchell Nussbaum

                    Facsimile:
                      212-407-4000 

                  

          

           

          Any
            party
            hereto may from time to time change its address for notices by giving
            at least
            ten (10) days written notice of such changed address to the other party
            hereto.

           

          14. Warrant
            Agent.
            The
            Issuer may, by written notice to the Holder of this Warrant, appoint
            an agent
            having an office in New York, New York for the purpose of issuing shares
            of
            Warrant Stock on the exercise of this Warrant pursuant to subsection
            (b) of
            Section 2 hereof, exchanging this Warrant pursuant to subsection (d)
            of Section
            2 hereof or replacing this Warrant pursuant to subsection (d) of Section
            3
            hereof, or any of the foregoing, and thereafter any such issuance, exchange
            or
            replacement, as the case may be, shall be made at such office by such
            agent.

           

          15. Remedies.
            The
            Issuer stipulates that the remedies at law of the Holder of this Warrant
            in the
            event of any default or threatened default by the Issuer in the performance
            of
            or compliance with any of the terms of this Warrant are not and will
            not be
            adequate and that, to the fullest extent permitted by law, such terms
            may be
            specifically enforced by a decree for the specific performance of any
            agreement
            contained herein or by an injunction against a violation of any of the
            terms
            hereof or otherwise.

           

          16. Successors
            and Assigns.
            This
            Warrant and the rights evidenced hereby shall inure to the benefit of
            and be
            binding upon the successors and assigns of the Issuer, the Holder hereof
            and (to
            the extent provided herein) the Holders of Warrant Stock issued pursuant
            hereto,
            and shall be enforceable by any such Holder or Holder of Warrant
            Stock.

           

          17. Modification
            and Severability.
            If, in
            any action before any court or agency legally empowered to enforce any
            provision
            contained herein, any provision hereof is found to be unenforceable,
            then such
            provision shall be deemed modified to the extent necessary to make it
            enforceable by such court or agency. If any such provision is not enforceable
            as
            set forth in the preceding sentence, the unenforceability of such provision
            shall not affect the other provisions of this Warrant, but this Warrant
            shall be
            construed as if such unenforceable provision had never been contained
            herein.

          
            
              
              

            

            
              19

              
                

              

            

            
              
              

            

          

           

          18. Headings.
            The
            headings of the Sections of this Warrant are for convenience of reference
            only
            and shall not, for any purpose, be deemed a part of this Warrant.

           

          [REMAINDER
            OF PAGE INTENTIONALLY LEFT BLANK]

           

          
            
              
              

            

            
              20

              
                

              

            

            
              
              

            

          

           

          IN
            WITNESS WHEREOF, the Issuer has executed this Series J Warrant as of
            the day and
            year first above written.

           

          VICTORY
            DIVIDE MINING COMPANY

           

          By:
            __/s/
            Shulin Liu___

           

          Name:
            Shulin Liu

          
          

          Title:
            Chief Executive Officer

          
            
              
              

            

            
              21

              
                

              

            

            
              
              

            

          

           

          Schedule
            I

           

          Purchasers

          

          
            	
                    Investor

                  	 	
                    Investment

                  	 	
                     

                     

                     

                     

                     

                    Common
                      Stock

                  	 	
                    Series
                      A Shares Purchased

                  	 	
                    Series
                      A Warrants

                  	 	
                    Series
                      B Warrants

                  	 	
                    Series
                      J Warrants

                  	 	
                     

                     

                     

                     

                     

                    Series
                      C 

                    Warrants

                  	 	
                     

                     

                     

                     

                     

                    Series
                      D

                    Warrants

                  	 
	
                    Vision
                      Opportunity Master Fund Ltd.

                  	 	
                    $

                  	
                    8,000,000

                  	 	 	
                    525,000

                  	 	 	
                    3,720,930

                  	 	 	
                    3,720,930

                  	 	 	
                    1,860,465

                  	 	 	
                    3,382,664

                  	 	 	
                    3,382,664

                  	 	 	
                    1,691,332

                  	 
	
                    Sansar
                      Capital Special Opportunity Master Fund, LP (Cayman
                      Master)

                  	 	
                    $

                  	
                    5,950,000

                  	 	 	
                    
                    

                    
                    

                    --

                  	 	 	
                    
                    

                    
                    

                    2,767,442

                  	 	 	
                    
                    

                    
                    

                    2,767,442

                  	 	 	
                    
                    

                    
                    

                    1,383,721

                  	 	 	
                    
                    

                    
                    

                    2,515,856

                  	 	 	
                    
                    

                    
                    

                    2,515,856

                  	 	 	
                    
                    

                    
                    

                    1,257,928

                  	 
	
                    Vicis
                      Capital Master Fund

                  	 	
                    $

                  	
                    4,500,000

                  	 	 	
                    --

                  	 	 	
                    2,093,023

                  	 	 	
                    2,093,023

                  	 	 	
                    1,046,512

                  	 	 	
                    1,902,748

                  	 	 	
                    1,902,748

                  	 	 	
                    951,374

                  	 
	
                    Precept
                      Capital Master Fund, GP

                  	 	
                    $

                  	
                    500,000

                  	 	 	
                    
                    

                    --

                  	 	 	
                    
                    

                    232,558

                  	 	 	
                    
                    

                    232,558

                  	 	 	
                    
                    

                    116,279

                  	 	 	
                    
                    

                    --

                  	 	 	
                    
                    

                    --

                  	 	 	
                    
                    

                    --

                  	 
	
                    Penn
                      Footwear

                  	 	
                    $

                  	
                    250,000

                  	 	 	
                    --

                  	 	 	
                    116,279

                  	 	 	
                    116,279

                  	 	 	
                    58,140

                  	 	 	
                    --

                  	 	 	
                    --

                  	 	 	
                    --

                  	 
	
                    Crescent
                      International Limited

                  	 	
                    $

                  	
                    300,000

                  	 	 	
                    
                    

                    --

                  	 	 	
                    
                    

                    139,353

                  	 	 	
                    
                    

                    139,353

                  	 	 	
                    
                    

                    69,767

                  	 	 	
                    
                    

                    --

                  	 	 	
                    
                    

                    --

                  	 	 	
                    
                    

                    --

                  	 
	
                    Benefit
                      Grand Investments

                  	 	
                    $

                  	
                    500,000

                  	 	 	
                    --

                  	 	 	
                    232,558

                  	 	 	
                    232,558

                  	 	 	
                    116,279

                  	 	 	
                    --

                  	 	 	
                    --

                  	 	 	
                    --

                  	 
	
                    Golden
                      Bridge Asset Management

                  	 	
                    $

                  	
                    1,000,000

                  	 	 	
                    --

                  	 	 	
                    465,116

                  	 	 	
                    465,116

                  	 	 	
                    232,558

                  	 	 	
                    --

                  	 	 	
                    --

                  	 	 	
                    --

                  	 
	
                    Leland
                      C Ackerley

                  	 	
                    $

                  	
                    250,000

                  	 	 	
                    --

                  	 	 	
                    116,279

                  	 	 	
                    116,279

                  	 	 	
                    58,140

                  	 	 	
                    --

                  	 	 	
                    --

                  	 	 	
                    --

                  	 
	
                    Newberg
                      Road Partners, LP

                  	 	
                    $

                  	
                    250,000

                  	 	 	
                    --

                  	 	 	
                    116,279

                  	 	 	
                    116,279

                  	 	 	
                    58,140

                  	 	 	
                    --

                  	 	 	
                    --

                  	 	 	
                    --

                  	 

          

          
            
              
              

            

            
              22

              
                

              

            

            
              
              

            

          

           

          EXERCISE
            FORM

           

          SERIES
            J
            WARRANT

           

          [_________________________________________]

           

          The
            undersigned _______________, pursuant to the provisions of the within
            Warrant,
            hereby elects to purchase _____ shares of Common Stock of
            ________________________________ covered by the within Warrant.

          
            
                

              
                
                  
                    	
                            Dated:
                              

                          	 	 	Signature	 
	 	 	 	 	 
	 	 	 	
                            Address

                          	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

                  

                

              

            

          

          Number
            of
            shares of Common Stock beneficially owned or deemed beneficially owned
            by the
            Holder on the date of Exercise: _________________________

           

          The
            undersigned is an “accredited investor” as defined in Regulation D under the
            Securities Act of 1933, as amended.

           

          ASSIGNMENT

           

          FOR
            VALUE
            RECEIVED, _________________ hereby sells, assigns and transfers unto
            __________________ the within Warrant and all rights evidenced thereby
            and does
            irrevocably constitute and appoint _____________, attorney, to transfer
            the said
            Warrant on the books of the within named corporation.

          
               

            
              
                
                  	
                          Dated:
                            

                        	 	 	Signature	 
	 	 	 	 	 
	 	 	 	
                          Address

                        	 
	 	 	 	 	 
	 	 	 	 	 

    

              

            

          

          PARTIAL
            ASSIGNMENT

           

          FOR
            VALUE
            RECEIVED, _________________ hereby sells, assigns and transfers unto
            __________________ the right to purchase _________ shares of Warrant
            Stock
            evidenced by the within Warrant together with all rights therein, and
            does
            irrevocably constitute and appoint ___________________, attorney, to
            transfer
            that part of the said Warrant on the books of the within named
            corporation.

            

          
            
              
                	
                        Dated:
                          

                      	 	 	Signature	 
	 	 	 	 	 
	 	 	 	
                        Address

                      	 
	 	 	 	 	 
	 	 	 	 	 

              

            

          

          
            
              
              

            

            
              23

              
                

              

            

            
              
              

            

          

           

          FOR
            USE
            BY THE ISSUER ONLY:

           

          This
            Warrant No. W-___ canceled (or transferred or exchanged) this _____ day
            of
            ___________, _____, shares of Common Stock issued therefore in the name
            of
            _______________, Warrant No. W-_____ issued for ____ shares of Common
            Stock in
            the name of _______________.

          
            
              
              

            

            
              24

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