Document:

MASTER ACQUISITION AGREEMENT

 

 

MASTER ACQUISITIONAGREEMENT

 

THIS MASTER ACQUISITION AGREEMENT
(the “Agreement”) is made on 5th June 2012

 

by and between

 

SHALA ENERGY shpk

 

TIRANE
TIRANE TIRANE BULEVARDI DESHMORET e KOMBIT,TWIN TOWER II,KATI
11

 

and

 

3 POWER ENERGY GROUP Inc. 

P.O.Box 50006,Dubai, UAE

 

    	 

    	 

    

 

MASTER ACQUISITION AGREEMENT

 

 

Preamble,

 

Based on a consensual and mutual
trust relations between the parties and the best trade practices, as well as based on the “Cooperation Agreement”,
made on December 30th 2011attached in ANNEX 1 of this agreement and the “Extension Notice Term”made on April
5th 2012,attached in ANNEX 2 of this agreement and in conformity with the concessionary contract BOT No. 3722 Rep, No. 488 Kol,
dated 02 June 2009, Parties hereby covenant and agree to made this Master Acquisition Agreement on the following terms and conditions:

 

Article 1

The Project

The Company SHALA ENERGY
shpk, has signed a Concession Agreement, BOT form, with Ministry of Economy, Trade and Energy of Republic of Albania
for the construction of a hydropowr plant cascade on Shala River,in north part of Albania.

 

The Concession Agreemet it is
approved with the Council of Ministers Decision of Republic of Albania No. 698, dated 11.06.2009 and enetered into force on 24
August 2009(date of publication of the CMD on approval of the Concession Agreement in the Official Gazzete of Albania).

 

Pursuant to the Albanian legislation
and Concession Agreement terms, the Company SHALA ENERGY shpk holds all concession rights for 35 years (including
Free Enjoyment) on construction and operation of the hydropower plant cascade on Shala River.

 

The scheme of utilization of
Shala River preview constuction of a hydropower plants cacscade with total instalation capacity for 127,6 MW and average energy
production for about 530,350,000 kWh/year.

 

The Company SHALA ENERGY
shpk, pursuant to article 8.2 of the Concession Agreement, has presented the project implementation to the Ministry of
Economy, Trade and Energy of Republic of Albania for its approval. The project implementation it is submited for approval within
deadline defined in the Concession Agreement.

 

Article 2

SHALA ENERGY shpk Shareholders Structure

 

The Company SHALA ENERGY
shpk is the Concessionaire Company established under the Albanian legislation and definition in the Article 8.1 of the
Concession Agreement. The Company it is established on 18.09.2009 and it is registered at National Registration Center of Albania
with Identification Number K 92118003C.

 

The stucture of shareholders
of the Company SHALA ENERGY shpk, is as follow:

  

	1.	INTERENERGO ALBANIA shpk	90% of shares
	2.	POTEZA SKUPINA dd	5% of shares
	3.	SGP POMGRAD dd	5% of shares

 

With letter No. 269/1, dated
10.02.2011 of the Ministry of Economy, Trade and Energy of Republic of Albania, that acts in the name of Albanian Government as
Contracting Authority, it is approved Share transfer respectively; 5% of POTESA SKUPINA and 5% of SGP POMGRAD to the Company INTERENERGO
ALBANIA shpk.

 

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MASTER ACQUISITION AGREEMENT

 

 

Article 3

Subject Matter

 

The subject of this contract
is a commitment of the SHALA ENERGY shpk to transfer to 3 POWER ENERGY GROUP Inc.75% of SHALA ENERGY
shpk shares including the titel of the concession that SHALA ENERGY Shpk owns over hydropower plants cascade on Shala
River as for the material and technical conditions specified in this Contract.

 

The Company SHALA ENERGY
shpk and 3 POWER ENERGY GROUP Inc.,wish to transfer 75%of Shares of Concessionaire Company SHALA ENERGY
shpk to 3 POWER ENERGY GROUP Inc.,and thus the respective percentage of all concession right (including licenses
and permits) that SHALA ENERGY shpk holdsthrough the Concession Contract signed with Albanian Government, under condition
of the Concession Agreement and conditions specified in this Agreement.

 

Article
4

Share
Transfer

 

The transfer of the Shares shall
be made in compliance with all applicable laws and regulations in force in Republic of Albania.

 

Mr. Ekrem LUKA, the company
administrator with sole signatory power, is properly authorized with a notarized power of attorney (as per Annex 1 attached to
this agreement) by the shareholders to transfer the Title of 75% of the company shares (Hereinafter is referred to as “Acquisition
Shares and/or The Shares “to 3 Power Energy Group.

 

The “Acquisition Shares”
shall be transferred to the 3 POWER ENERGY GROUP Inc. upon the registration of the transaction in the National Registration
Center, and the Shares shall be sold and purchased together with all rights and benefits attached or accruing to them at
the moment of registration in the National Registration Center (including the right to receive all dividends, distributions or
any return of capital declared, paid or made by the SHALA ENERGY shpk)

 

Article
5

Termination
of the Share Transfer prior to the execution of the payment

 

This Agreement
may be terminated prior to the execution of the full payment:

 

		·	by mutual
agreement of the Parties; or

 

		·	by any Party
by written notice communicated to the other Party if the Precedent Conditions are not fulfilled or waived; or

 

		·	at any time by
the SHALA ENERGY shpk, by written notice communicated to the 3 POWER ENERGY GROUP Inc., if the 3
POWER ENERGY GROUP Inc. is in material breach of any of its obligations under this Agreement; or

 

		·	at any time by
the 3 POWER ENERGY GROUP Inc. by written notice communicated to the SHALA ENERGY shpk if the SHALA
ENERGY shpk is in material breach of any of its obligations under this Agreement (including a breach of the Warranties);
or,
	 	 	 

		·	eat any time
by the 3 POWER ENERGY GROUP Inc. by written notice to the SHALA ENERGY shpk, if the registration of
the 3 POWER ENERGY GROUP Inc. as the owner of 75% of Shares of Concessionaire Company at the National Registration
Centre has not occurred on pursuant to the terms of this agreement.

 

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MASTER ACQUISITION AGREEMENT

 

  

Article 6

Share Transfer Agreement Closing Documentation
and Milestones

 

6.1. Closing Docuemntation :

 

3 POWER ENERGY GROUP Inc
declares that it completed its technical due diligence on the project and is in the process of the legal due diligence completion
which is subject to obtaining the documents listed below in article 6.2. and in a form and contents satisfactory to 3 POWER
ENERGY GROUP Inc:

 

		6.1.1.	SHALA ENERGY shpk Company undertake to provide immediately and latest 30th
June to 3 POWER ENERGY GROUP Inc following documents in form and content satisfactory (hereinafter is referred to as “the
Closing Documents”:

 

		(i)	Company audited financials for the years 2010, 2011;

 

		(ii)	Copy of the Company updates commercial registry;

 

		(iii)	Management accounts 1st January – 30th May 2012;

 

		(iv)	Certified copy or an official extract from the Ministry of Economy, Trade and Energy of Republic
of Albania for the concession contract;

 

		(v)	Copy from the letter of guarantee (Hereinafter is referred to as “Concession LG”
provided by the SHALA ENERGY shpk company to the Ministry of Economy, Trade and Energy of Republic of Albania concerning
the concession performance.

 

		(vi)	Certified copy or an updated letter from the Ministry of Economy, Trade and Energy of Republic
of Albania accepting the replacement of the “Concession LG” with the insurance bond(hereinafter is referred
to as “ Insurance Bond”)attached in Annex 2 of this agreement and provided by EUROSIG Sha, Albanian Insurance
Company and Reinsured by American Assurance Underwriters Group, AAUG Insurance Company, LTD, UK.

 

		(vii)	Certified Copies from the “Insurance Bond” contract and related document.

 

		(viii)	All concession Titles and related documents as set in Annex 3 attached to this agreement.

 

		(ix)	Corporate due diligence documents as set in Annex 4 attached to this agreement.

 

6.2. Closing Milestones And Dates:

 

The Parties agree on transfer
of 75% of Shares of the Concessionaire Company SHALA ENERGY shpk to the Company 3 POWER ENERGY GROUP Inc.,
under following conditions:

 

		  6.2.1.	3 POWER ENERGY GROUP Inc agrees that, within 10 days from the submission of the complete
required documentation, but no later than 15 June 2012 (Closing Date) shall complete the legal due diligence report on SHALA
ENERGY shpk and the company partners according to their shares in this company.

 

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MASTER ACQUISITION AGREEMENT

 

  

		  6.2.2.	SHALA ENERGY Shpk Company shall provide 3 POWER ENERGY GROUP Inc with all
the necessary documents in form and content satisfactory to 3 POWER ENERGY GROUP Inc within one week from the signing
of this Agreement. Should the requested documentation be not made available, SHALA ENERGY Shpk will provide its best efforts
to secure it. The required documentation shall be made available at the earliest convenience, no later than 5 June 2012.

 

		  6.2.3.	Upon satisfactory DD results, 3 POWER ENERGY GROUP Inc undertakes to pay the insurance
company the first year premium of the Insurance bond as per the Insurance Bonds contract provided that the following documents
are submitted to 3 POWER ENERGY GROUP Inc latest 10th June:

 

		i.	SHALA ENERGY Shpk Company provides 3 POWER ENERGY GROUP Inc latest 10th
June an updated letter from the Ministry of Economy, Trade and Energy of Republic of Albania accepting the replacement of the “Concession
LG “.

		ii.	An invoice from the Insurance company to SHALA ENERGY Shpk Company for the premium amount.

 

		  6.2.4.	SHALA ENERGY Shpk Company Undertakes to transfer to 3 POWER ENERGY GROUP Inc owner
the “Acquisition Shares” pursuant to the terms of this agreement within maximum two working days from the Payment by
3 POWER ENERGY GROUP Inc ower of the first year premium for the Insurance Bond Premium issued in favor of the Contracting
Authority (Ministry of Economy, Trade and Energy of Republic of Albania) in Replacement of the current existing Bank guarantee
issued in favor of Contracting Authority(Ministry of Economy, Trade and Energy of Republic of Albania) for the Shala River Concession
Agreement, in amount of 7,230,315.00(seven million and two hundred and thirty thousand and thirty hundred and fifteen) Euro,

 

Article 7

Share Transfer Payment Consideration

 

		7.1.	The “Concession Predevelopment Work“ already performed by SHALA ENERGY shpk and
the market value of the concession titel(Hereain after is referred to as Concession Value)are estimated to the amount of twelve
million EUR (12,000,000 EUR).

 

		7.2.	The SHALA ENERGY Shpk Company accepts to consider its „“Concession Predevelopment
Work“ and the CONCESSION VALUE“ as in kind contribution in the company to the extent of ten million EUR (10,000,000
EUR) to be converted in 25% shares in the SHALA ENERGY Shpk and Concessionaire company.The outstanding value for two million
EUR (2,000,000 EUR) will be paid to the present owner of Concessionaire Company as Success Fee upon connection to the grid of first
HPP.

 

		7.3.	SHALA ENERGY Shpk Company further undertakes in consideration of retaining 25% of the Company
shares, obtaining of further permits and licenses for the project aconstruction and connection to the national Grid, and will make
every effort to facilitate the implementation of the project.

 

		7.4.	3 POWER ENERGY GROUP Inc ower Company undertakes to perform the following work at its own cost
as an inkind contribution for 75% of SHALA ENERGY Shpk Company,

 

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MASTER ACQUISITION AGREEMENT

 

  

		7.4.1.	The Company 3 POWER ENERGY GROUP Inc., undetake to complete the bankable feasibility
study for the project, raise the capital required to cover the project equity and long term financing to cover the full Investment
Cost for construction of Shala River hydro power plant cascade, including but not limited to civil works, equipments, project design,
expropriation and commisioning, including all the payable taxes, pursuant to the Albanian legislation.

 

		7.4.2.	3 POWER ENERGY GROUP Inc OWER undertakes to mobilise within 6 weeks from the “Closing
Date“ its engineering team in Albania and rent offices for starting the operation.

 

		7.4.3.	Payment of the Insurance Bond Premium Contracting Authority (Ministry of Economy, Trade and Energy
of Republic of Albania) in Replacement of the Contract Security issued in favor of Contracting Authority(Ministry of Economy, Trade
and Energy of Republic of Albania) for the Shala River Concession Agreement, in amount of 7,230,315.00(seven million and two hundred
and thirty thousand and thirty hundred and fifteen) Euro,

 

		7.5.	SHALA ENERGY Shpk Company registered shares 1000 as per the company registered incoporation
documents. The ratio of share holding post acquisition completion will to be as follow:

 

		a.	The 3 POWER ENERGY GROUP Inc., will hold 75% of
shares of Concessionaire Company equal to 750 shares.

 

		b.	The Interenergo Albania shpk will hold 25% of shares of Concessionaire Company equal to
250 shares.

 

The transfer of shares will realised
by fulfilment of Precedent Conditions by each Party of this Agreement as per Article 6 and 7

 

Article
8

Company
Management, Constitution, Articles of Incorporation and Memorandum of Association

 

		8.1.	SHALA ENERGY Shpk company articles of Incorporation and memorandum of association documets are attached in Annex 4 of
this agreement.

 

		8.2.	SHALA ENERGY Shpk Company and 3 POWER ENERGY GROUP Inc. agree to accept the new Articles of incorporation and Memorandum
of association attached in Annex 5 of this agreement as the only bylaws of the company regulating the shareholders relation and
company management.

 

		8.3.	The Company will be managed by 3 board of directors, two of the three board memebers are appointed by 3 POWER ENERGY GROUP
Incower and one board member is appointed by SHALA ENERGY Shpk shareolders.

 

		8.4.	The SHALA ENERGY Shpk company CEO and executive management will be appointed by 3 POWER ENERGY GROUP Incower.

 

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MASTER ACQUISITION AGREEMENT

 

  

Article
9

Representations
and Warranties of SHALA ENERGY shpk

 

9.1 Warranties

 

The SHALA
ENERGY shpk represents and warrants to the benefit of 3 POWER ENERGY GROUP Inc.that the following representations
and warranties (the "Warranties") are true and accurate as of the date hereof and will be true and accurate as
at the Signing Date of this Agreement.

 

9.2 Right, Power,
Authority and Actions

 

This Agreement constitutes a
legal, valid and binding obligation of the SHALA ENERGY shpk in accordance with its terms. The SHALA ENERGY
shpk has the authority, and capacity to execute and deliver this Agreement to perform its obligations hereunder.

 

9.3 Breaches

 

The execution, delivery and
performance by the SHALA ENERGY shpk of this Agreement and the obligations hereunder will not conflict with any law,
regulation, agreement, court order, contract or other restriction under which the SHALA ENERGY shpk is obligated
and will not result in a breach of any provision of the charters of the Parties.

 

9.4 Transfer of
the Shares

 

The SHALA
ENERGY shpk is registered and sole owner of the Shares and is entitled to transfer them to any person or entity without
any restriction.

 

The Shares are free
of any Encumbrances.

 

All procedures
necessary to execute the transfer of the Shares will duly performed by the SHALA ENERGY shpk in compliance with all
applicable laws and regulations.

 

9.5 No Conflict
and Absence of Negative Effect

 

The execution, delivery
and performance of this Agreement will not:

		(i)	result in the acceleration of payment, suspension, modification
or re-negotiation of any of financing facilities;

		(ii)	result in any early termination, suspension, modification
or re-negotiation of any material agreement to which the SHALA ENERY shpk is a party;

		(iii)	result in the modification, suspension, non-renewal, cancellation
or revocation of the authorizations;

		(iv)	result in the payment of any financial penalty;

 

9.6 Off-Balance
Sheet Liabilities and Guarantees

 

No guarantee, pledge, sponsorship,
comfort letter or similar commitments, and no off-balance sheet liabilities of any nature given or incurred by the SHALA
ENERGY shpk is in effect and will be in effect on the Signing Date of this Framework Agreement.

 

9.7 Profit-Sharing
Agreement

 

The SHALA ENERGY shpk
is neither a party nor has agreed to be a party to any agreement giving any third party any right to share in whole or
in part in the profits of the CompanySHALA ENERGY shpk.

 

9.8 Litigation

 

		9.8.1	The SHALA ENERGY shpk is not engaged in any judicial, criminal, administrative or
arbitral proceedings, as plaintiff or defendant, in which the risk of loss exceeds ALL 1.

 

		9.8.2	In particular, the Company SHALA ENERGY shpk is not a party to, and has not been
threatened with, any lawsuit brought by customers or third parties.

 

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MASTER ACQUISITION AGREEMENT

 

 

		9.8.3	Furthermore, there has been no court or administrative decision or order, and no time limit given
by a professional organization or supervisory authority, imposing on the Company SHALA ENERGY shpk, an obligation
which might in the future have unfavorable consequences on the normal course of their business.

 

9.9 Tax and Other
Returns

 

		9.9.1.	The SHALA ENERGY shpk has regularly and timely filed all required Taxes and social
security returns; and

 

		9.9.2.	The SHALA ENERGY shpk has paid or provided for all Taxes and social Security charges,
including any interest, fines or penalties relating thereto. Said provisions are sufficient to pay all Taxes and/or social security
charges which may become due after the date hereof with respect to any period prior to the Signing Date of this Framework Agreement.

 

Article
10

Representations
and Warranties of the 3 Power Energy Group Inc.

 

The 3 Power Energy Group Inc.
represents and warrants to the SHALA ENERGY shpk that the following representations and warranties are true and accurate
as of the date hereof and will be true and accurate as at the Signing Date of this Framework Agreement:

 

		(i)	the 3 POWER ENERGY GROUP Inc., is duly organized
and validly existing and in good standing under the laws of the State of United States of America;

 

		(ii)	this Agreement constitutes a legal, valid and binding
obligation for the 3 POWER ENERGY GROUP Inc., enforceable against the 3 POWER ENERGY GROUP Inc., in
accordance with its terms. The 3 POWER ENERGY GROUP Inc., has the authority and capacity to execute and deliver this
Framework Agreement and to perform its obligations hereunder;

 

		(iii)	the execution, delivery and performance of this Agreement
by the 3 POWER ENERGY GROUP Inc., has been duly and validly authorized by all necessary corporate actions of the
3 POWER ENERGY GROUP Inc., in accordance with its governing documentation and does not and will not result in any
breach or default under any arrangements, agreements or judgments to which the 3 POWER ENERGY GROUP Inc., is a party
or by which the 3 POWER ENERGY GROUP Inc., is bound and the enforcement of which would adversely affect the 3
POWER ENERGY GROUP Inc's ability to perform the terms of the Framework Agreement;

 

		(iv)	has financial and technical capacities for implementation
of the project.

 

Article
11

Precedent
Conditions for SHALA ENERGY shpk

 

The obligations
of the SHALA ENERGY shpk, pursuant to this Framework
Agreementare subject to, and conditional upon the following conditions having been fulfilled:

 

		(i)	all Warranties shall be true and correct in all material
respects as of Signing Date, with the same force and effect as if such Warranties had been made on the date of the execution of
Share Transfer and full payment (except those representations and warranties that address matters only as of a particular date
or only with respect to a specific period of time, which need only be true and accurate as of such date or with respect to such
period);

 

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MASTER ACQUISITION AGREEMENT

 

 

		(ii)	the SHALA ENERGY shpk shall have performed
all obligations arising under this Framework Agreement;

 

		(iii)	all required authorizations from the Albanian administrative
authorities, as well as any other authorization or consent necessary under Albanian law to execute the transaction contemplated
herein shall have been duly obtained without any unduly burdensome condition which the 3 POWER ENERGY GROUP Inc., would
refuse to accept or, on the condition that the Albanian authorities have not opposed the transaction within legal time limits;

 

		(iv)	the SHALA ENERGY shpk has adopted and issued
the necessary resolutions, pursuant to the legislation in force to approve the transaction;

 

		(v)	has realized share transfer of shareholders of the SHALA
ENERGY shpk to only one company. The Share transfer has to be realized and certified by the National Registration Center
of Albania. 

 

Article
12

Precedent
Conditions for 3 POWER ENERGY GROUP Inc.

 

The obligations
of the 3 POWER ENERGY GROUP Inc, pursuant to this Agreement are subject to, and conditional upon the following
conditions having been fulfilled:

 

		(i)	All Warranties shall be true and correct in all material
respects as of Signing Date, with the same force and effect as if such Warranties had been made on the date of the execution of
Share Transfer and full payment (except those representations and warranties that address matters only as of a particular date
or only with respect to a specific period of time, which need only be true and accurate as of such date or with respect to such
period);
	 	 	 

		(ii)	Payment of the Insurance Bond Premium Contracting Authority (Ministry of Economy, Trade and Energy
of Republic of Albania) in Replacement of the Contract Security issued in favor of Contracting Authority(Ministry of Economy, Trade
and Energy of Republic of Albania) for the Shala River Concession Agreement, in amount of 7,230,315.00(seven million and two hundred
and thirty thousand and thirty hundred and fifteen) Euro,

 

Article 13

The Shares Transfers

 

		13.1.	The Parties undertakes to conclude the shares transfer latest on 15th June 2012.

 

		13.2.	The Company SHALA ENERGY shpk, undertakes to submit to the 3 POWER ENERGY GROUP
Inc., latest on 5th June all documents and information necesary for 3 POWER ENERGY GROUP Inc., to conclude
terms of STA.

 

		13.3.	If SHALA ENERGY shpk fails to submit documents and information, the 3 POWER
ENERGY GROUP Inc., has the right to terminate this Agreement without any obligation or penallty.

 

		13.4.	If the 3 POWER ENERGY GROUP Inc., fails to conclude this agreement terms and/or withdraw
form this Agreement pursuant to, 3 POWER ENERGY GROUP Incower undertakes to return to the SHALA ENERGY shpk, all
submited documents and information.

 

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MASTER ACQUISITION AGREEMENT

 

 

Article
14

Miscellaneous
provisions

 

14.1 Confidentiality

 

		14.1.1.	14.1.1 No Party shall, without the prior written consent of the other Parties, disclose to any
person, or make a public announcement of any information concerning any provision of this Framework Agreement and/or the contemplated
transaction.

 

		14.1.2.	When any of the Parties reasonably determines that a disclosure or announcement of the type mentioned
above is required by the law or regulations or by any other authority to which a Party is subject, the disclosure or the announcement
shall, to the extent permitted by the law and provided that it is reasonably feasible, be made after consultation with the other
Parties.

 

14.2 Entire Agreement
and Amendments

 

		14.2.1.	The Agreement constitutes the entire agreement and supersedes any previous agreement between the
Parties relating to the subject matter of this Framework Agreement.

 

		14.2.2.	Any amendment to this Agreement is valid only if it is in writing and signed by or on behalf of
each Party and specifically refers to this Agreement.

 

14.3 Costs

 

		14.3.1.	14.3.1 Each Party shall bear its costs incurred in connection with the negotiation, entering into
and conclusion of legally binding documentation for the sale and purchase.

 

		14.3.2.	Any transfer or stamp duties that may become due as a result of the signing of this Agreement and
the transfer of the Shares shall be borne by the SHALA ENERGY shpk.

 

14.4 Severability

 

If at any time any provision
of this Agreement is or becomes invalid or unenforceable, then such provision will be deemed to be severed from this Framework
Agreement and if possible replaced by a lawful provision which carries out, as closely as possible, the intention of the Parties
under this Framework Agreement and where permissible that shall not affect or impair the validity or enforceability of any other
provisions of this Agreement.

 

14.5 Rights and
Other Matters

 

		14.5.1.	The rights, powers, privileges and remedies provided in this Framework Agreement are cumulative
and are not exclusive of any rights, powers, privileges or remedies provided by law or otherwise.

 

		14.5.2.	No failure to exercise nor any delay in exercising any right, power, privilege or remedy under
this Framework Agreement shall in any way impair or affect the exercise thereof or operate as a waiver thereof in whole or in part.

 

		14.5.3.	No single or partial exercise of any right, power, privilege or remedy under this Framework Agreement
shall prevent any further or other exercise thereof or the exercise of any other right, power, privilege or remedy.

 

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MASTER ACQUISITION AGREEMENT

 

  

		14.5.4.	The Parties agree that this Agreement does not provide for the exclusion of any of the Parties
from any work the Parties could be assigned as contractors, in the course of the execution of the Projects, according to the Final
Financing Structure terms and conditions and the concession agreement.

 

14.6 Language

 

This Agreement
has been drawn up in the English language in four copies and then translated into Albanian. The Parties will execute counterparts
in Albanian but in case of any discrepancies the English text language shall prevail.

 

Article
15

Notices

 

Except as otherwise agreed, all
notices and communications addressed to any Party shall be made in writing in the English language and will be either: (i) delivered
personally, or (ii) sent by registered mail, (iii) sent by telecopy confirmed by registered mail or (iii) sent by courier,
to the addresses specified herein or to another address indicated in writing:

 

		(i)	For the 3 POWER ENERGY GROUP Inc.:

 

In
attention to:              Mr.       : Mr.Sharif Rahman,P.O.Box 50006,Dubai,UAE

 

E-mail  :
s.rahman@3powerenergy.com

 

Tel:
     : 00971506242475

 

		ii)	For the SHALA ENERGY shpk:

 

In
attention to:              Mr.        :Mr. Ekrem Lluka

 

E-mail   :elluka@dukagjinigroup.com

 

Tel:       :+38649500948

 

Notices will
be considered received by the addressed Party: (i) on the day of delivery, if delivered personally or by courier, or (ii) 
on the date when the receipt confirmation is signed, for registered mail transmission or (iii) on the date of reception of the
telecopy (transmission report shall be sufficient evidence of delivery), for telecopy confirmed by registered mail.

 

Article
16 

Governing
Law and Disputes

 

16.1 Governing Law

 

This Agreement is governed by,
and shall be construed in accordance with the Albanian Law.

 

16.2 Disputes

 

The parties to this Agreement
have endeavoured to settle amicably any question, dispute or controversy between them relating to the existence, interpretation
and performance of this Framework Agreement or in connection with this Agreement. To this end, at the initiative of either party,
the other party has met promptly with the initiating party to discuss the question, dispute or controversy and if requested by
the initiating party in writing has replied in writing to any written submission made by the initiating party concerning the question,
dispute or controversy. If any further question, dispute or controversy or any claim relating hereto cannot be amicably settled
as provided for in this article, the parties shall refer the dispute to the Competent Courts.

 

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MASTER ACQUISITION AGREEMENT

 

 

Article
17

Force
Majeure

 

		17.1.	The failure of a Party to fulfil any of its obligations under this Agreement has not been considered
to be a breach of, or a non-fulfilment of this Agreement, if such failure has arisen from an event of Force Majeure, provided that
the Party affected by such an event (a) has taken all reasonable precautions, due care and reasonable alternative measures in order
to carry out the provisions and terms of this Agreement, and (b) has informed the other Party as soon as possible about the occurrence
of such an event.

 

		17.2.	Any period, within which a Party has completed any action or task pursuant to this Agreement, was
extended for a period equal to the time during which such a Party have been unable to perform such an action as a result of Force
Majeure.

 

Article
18

Entering
into force

 

This Agreement enters into force at Signing Date.

 

Signed today, on 06thJune 2012

  

	For and on behalf of3 POWER ENERGY GROUP Inc.	 
	 	 
	Signed by,	 
	 	 
	 	 
	Mr.  Sharif Rahman	 
	CFO	 
	3POWERENERGY	 
	 	 
	For and on behalf of SHALA ENERGY shpk	 
	Signed by,	 
	 	 
	 	 
	Mr. Ekrem LLUKA	 
	Administrator	 

  

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MASTER ACQUISITION AGREEMENT

 

 

 Annex 1

 

REPUBLIC OF ALBANIA

 

NOTARIES CHAMBER OF TIRANA 

 

No._________Rep.

 

No._________Kol.

 

POWER 

POWER OF ATTORNEY

 

In Tirana, this __________2012, in front of me Notary Public
______________________, appeard personaly 1.Mr.Anton Papez,____________, Slovanian citizen ______________, _________________________________and
2.Mr. _______________________________, Kosovo citizen, holder of passport no.K00242121, resident at the address: Rruga Fehmi Agani,
nr.16, Peja Kosovo, both administrators of the company “SHALA ENERGY” shpk, a limited liability company registered
in National Registration Center (NRC), dated 18.09.2009, with business no.(NIPT) K92118003C, with legal seat at the address: Blv.Deshmoret
e Kombit, Twin Tower II, Kati 11, Tirana, Albania, on whose identity I become aware of the passports, presented to me, both majors
and with full capacity to understand and act, who pursuant to the resolution of shareholders of the company date __________2012,
declared the following:

 

We the undersigned, in our quality of administrators of the
Company, pursuant to the resolution of shareholders meeting of the Company dated __________2012 and based on our powers deriving
from our office and the said resolution, hereby constitute and appoint

 

Mr. Ekrem Luka, Kosovo citizen, holder of passport no.K00242121,
resident at the address: Rruga Fehmi Agani, nr.16, Peja Kosovo as the representative of the Company and authorize him to sign on
behalf of the shareholders of the company SHALA ENERGY shpk the “Acquisition Shares” to transfer the Title of the 75%
of the company shares to 3 POWER ENERGY GROUP Inc. as well as any document , deed or act to be adopted by the Acquisition
Shares and necessary to rendering effective the signature and entry into force this agreement. The administrator of SHALA ENERGY
shpk may authorize and delegate to any third part as they deem appropriate the above powers.

 

I the undersigned Notary Public do hereby certify that Mr._________
and Mr.____________ acting on behalf of Interenergo Albania, Mr.____________, acting on behalf of POTEZA SKUPINA dd, Mr.______________________
acting on behalf of SGP POMGRAD d.d whose name are signed to the foregoing instrument, acknowledged before me on this day that,
being informed of the contents of said instrument, executed the same voluntarily on the day the same bears date and I Notary certify
it according to the law in force.

 

    	12

    	 

    

 

MASTER ACQUISITION AGREEMENT 

 

 

DECLARANTS

 

	 	 	 

 

Notary Public

 

Annex 2

 

Guarantee Bond 

 

	Guaranty	No. _____________
	 	 
	Ref. No.	______________
	 	 
	Beneficary:	The Ministry of Economy, Trade and Energy of the Republic  of Albania, METE
	 	Blvd. Deshmoret e Kombit nr.1001, Tirane, Albania

Tittle of contract: A contract dated
the 2nd day of June, 2009 between the Ministry of Economy, Trade and Energy of the Republic of Albania, and the Contractor
in the form known as a Concession Agreement “BOT” (Build, Operate, Transfer) for the Construction of works comprising
the Design, Financing, Construction, Ownership, Operation, Maintenance and Transfer of a Hydro-power Plant Cascade on Shala River,
Republic of Albania, (for the original contract sum of EUR 144,606,305).

The Bond Amount: EUR 7,230,315. The sum of Euros
Seven Million Two Hundred and Thirty Thousand Three Hundred and Fifteen

 

The Guarantee Bond is made as a deed between
the following parties:

	The Contractor:	The Temporary Union of Companies; “Interenergo Albania” sh.p.k,
	 	“Potenza Skupina” dd and “SGP Pomgrad d.d.”
	 	 

The Guarantor: 

		1.	Eurosig Sha., an Albanian Insurance Company, address Rr. Papa Gjon Pali II, Vila Nr.5, Tirana
Albania, represented by Mr. Muharrem BARDHOCI in quality of General Director, and

		2.	Reinsured by American Assurance Underwriters Group, AAUG Insurance Company, LTD. UK

 

WHEREAS 

 

The Temporary Union of Companies; “INTERENERGO”,
Composed by the companies “Potenza Skupina” dd and “SGP Pomgrad d.d, by a contract dated the 2nd
June, 2009 between the Ministry of Economy, Trade and Energy of the Republic of Albania, and the Contractor in the form known as
a Concession Agreement “BOT” (Build, Operate, Transfer) for the Construction of works comprising the Design, Financing,
Construction, Ownership, Operation, Maintenance and Transfer of a Hydro-power Plant Cascade on Shala River, Shkoder Region, Republic
of Albania, (for the original contract sum of EUR 144,606,305), the Contractor has agreed with the METE to execute works upon to
the terms and conditions therein set out, NR.2335/18 Prot, date 16 February 2009.

 

    	13

    	 

    

 

MASTER ACQUISITION AGREEMENT 

 

 

Eurosig Sha., Albanian Insurance
Company, has agreed to issue this Guarantee, at the request of the Contractor to guarantee the performance of the obligations of
the Contractor under the Contract upon the terms and conditions of this Guarantee Bond subject to the limitation set out in clause
2.

 

NOW THIS DEED WITNESSES as follows:

 

1. The Eurosig Sha guarantees to the METE
that in the event of a breach of the Contract by the Contractor, the Guarantor shall subject to the provisions of this Guarantee
Bond satisfy and discharge the damages sustained by the Employer as established and ascertained pursuant to and in accordance with
the provisions of or by reference to the Contract and taking into account all sums due or to become due to the Contractor.

 

2. The maximum aggregate liability of the
Guarantor and the Contractor under this Guarantee Bond shall not exceed the sum EUR 7,230,315 (Euro seven
million two hundred and thirty thousand three hundred and fifteen) but subject to such limitation and to clause 4 the liability
of the Guarantor shall be co-extensive with the liability of the Contractor under the Contract.

 

3. The Guarantor shall not be discharged
or released by any alteration of any of the terms, conditions and provisions of the Contract or in the extent or nature of the
Works and no allowance of time by the Employer under or in respect of the Contract or the Works shall in any way release, reduce
or affect the liability of the Guarantor under this Guarantee Bond.

 

4. Whether or not this Guarantee Bond shall
be returned to the Guarantor the obligations of the Guarantor under this Guarantee Bond shall be released and discharged absolutely
upon expiry date, save in respect of any breach of the Contract which has occurred and in respect of which a claim in writing containing
particulars of such breach has been made upon the Guarantor before Expiry.

 

5. The Contractor having requested the
execution of this Guarantee Bond by the Guarantor undertakes to the Guarantor (without limitation of any other rights and remedies
of the Employer or the Guarantor against the Contractor) to perform and discharge the obligations on its part set out in the Contract.

 

6. This Guarantee Bond and the benefits
thereof shall not be assigned without the prior written consent of the Guarantor and the Contractor.

 

7. The parties to this Guarantee Bond do
not intend that any of its terms will be enforceable, by virtue of the Contracts (Rights of Third Parties) Act 1999 or otherwise,
by any person not a party to it.

 

    	14

    	 

    

 

 MASTER ACQUISITION AGREEMENT

 

  

8. This Guarantee Bond shall be governed
by and construed in accordance with the laws of The Republic of Albania and only the courts of the Republic of Albania shall have
jurisdiction hereunder.

 

Expiry: The issuance of the Certificate of Practical
Completion which shall be conclusive for the purposes of this Guarantee Bond.

 

IN WITNESS whereof the Contractor and the Guarantor have
executed and delivered this Guarantee Bond as a Deed this ________________ 2012

 

EXECUTED AND DELIVERED as a deed by

CONTRACTOR

 

_________________________________________

 

Name ______________________________

 

Position _____________________________

 

EXECUTED AND DELIVERED as a deed by

GUARANTOR

 

EUROSIG SHA

 

MUHARREM BARDHOCI

 

GENERAL MANAGER

 

    	15

    	 

    

 

MASTER ACQUISITION AGREEMENT 

 

 

Annex 3

 

LICENSE / STATE AUTHORIZATIONS / CERTIFICATIONS

 

A. Copy of the concession permit and possible amendments there to and all licenses, permits, authorizations, other similar
concessions, which are listed below in analytical order but not exhaustive:

 

- The concession contract and the relevant
decision of approbation.

- Possible arrangements with METE about
determining the conditions for fulfilling the obligations under the concession contract.

- Permits, for water use, issued by the
Water Basin Commission.

- Approval of the executive project by
METE (Ministry of Economy, Trade and Energy) and / or AKBN (National Agency of Natural Resources).

- Construction permits issued by the competent
urban planning office (KRRT) CRT (Council of Territory Adjustment) or KRRTRSH (Council of Regulation of Territory of the Albania
Republic).

- Other types of permits or authorizations
as Cultural Monuments, Forestry Authority, Institute of Terrains, Fireman.

- Act of approval of the TSO (Transmission
System Operator) and / or DSO (Distribution System Operator) to the point and way of connecting with the national energy transmission
network or distribution.

- Licenses or Regulatory Authority Electricity
Sector (ERE) decisions;

    o The license for the construction,
installation and operation of power plants and electricity production and / or others.

o Decisions to approve the price
of electricity.

o Contract of sale of
electric power utility KESH (wholesale public supplier).

 

B. Documentation of usage of forest fund and territories
in State ownership (where necessary).

- Copies of the submission of requests to the authorities
for obtaining permits and / or authorizations.

- Copies of the control acts and / or demands or claims by the authorities to remedy the infringement or violation of laws and
/ or regulations.

- Copies of information sent to METE about the progress of the contract Concession.

- Restrictions related to the concession (e.g. restrictions regarding the association of water users for irrigation, local authorities
etc.).

 

C. Copies of any eventual notification to finding a violation,
revocation, cancellation, denial or renewal of absence of one of the permits, licenses or concessionary permit issued by a governmental
authority, administrative agency or supervisory authority

 

D. Copy of any contract that implements concessionary
permit, authorizations, permits.

 

    	16

    	 

    

 

MASTER ACQUISITION AGREEMENT

 

 

Annex 4

 

Corporate due diligence documents:

 

		1.	Statute, act of establishment, capital of the company, decisions of the partners of the company
registered with the [National business Registration Centre] NRC, extract of the company’s history to date, NUIS [Unique Business
Registration Number] aka NIPT, etc;

 

		2.	Agreements between the partners and the company. Information on special investigations by the General
Assembly and the partners on the activity of the company;

 

		3.	Organizational and legal structure of the company and internal regulation for its functioning;
work relations, collective and individual work contracts;

 

		4.	Documentation proving that “Shala Energy” shpk does not have outstanding payments for
the taxation, customs, social and health insurance authorities;

 

		5.	Description of latest controls by the contracting authority (METE) or other relevant government
agencies on potential problems and relevant actions taken by the company to tackle identified problems;

 

		6.	List of court cases, decisions, instance, and calculation of provisions;

 

		7.	List of banks where the company has its accounts and loan contracts, when applicable;

 

		8.	Description of conflicts with suppliers or entrepreneurs and measures taken by the company to resolve
them, as well as the legal action pursued by the company;

 

		9.	Copies of any order, any court order, any decree or any other measure taken by a governmental authority,
administrative agency or supervisory authority over the last two years.

 

		10.	Pledge contracts on immovable property when applicable registered in the Register of Securing Charges;

 

		11.	Documentation proving that “Shala Energy” shpk does not have outstanding payments for
the taxation, customs, social and health insurance authorities;

 

The execution, delivery
and performance of this Agreement will not:

 

    	17

    	 

    

 

MASTER ACQUISITION AGREEMENT 

 

 

		(i)	result in the acceleration of payment, suspension, modification
or re-negotiation of any of financing facilities;

		(ii)	result in any early termination, suspension, modification
or re-negotiation of any material agreement to which the SHALA ENERY shpk is a party;

		(iii)	result in the modification, suspension, non-renewal, cancellation
or revocation of the authorizations;

		(iv)	result in the payment of any financial penalty;

 

    	18Warrant Certificate No. _____

 

NEITHER
THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES ISSUABLE UPON THE EXERCISE OF THIS WARRANT
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS, AND NEITHER
SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION
STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR (2) AN EXEMPTION FROM SUCH
REGISTRATION EXISTS AND THE COMPANY RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF SUCH SECURITIES, WHICH COUNSEL AND OPINION
ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR TRANSFERRED IN THE
MANNER CONTEMPLATED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR APPLICABLE STATE SECURITIES LAWS.

 

	Effective Date:  May __, 2012	Void After:  May __, 2017

 

EASTERN RESOURCES, INC.

 

WARRANT TO PURCHASE COMMON STOCK

 

Eastern Resources,
Inc., a Delaware corporation (the “Company”), for value received on May __, 2012 (the “Effective Date”),
hereby issues to ___________ (the “Holder”) this Warrant (the “Warrant”) to purchase an aggregate
of ___________ whole shares (on a post- two-for-one stock split basis) (each such share as from time to time adjusted as hereinafter
provided being a “Warrant Share” and all such shares being the “Warrant Shares”) of the Company’s
Common Stock (as defined below), at the Exercise Price (as defined below), as adjusted from time to time as provided herein, on
or before May __, 2017 (the “Expiration Date”), all subject to the following terms and conditions. This Warrant
is one of a series of warrants of like tenor that have been issued to certain persons who are “accredited investors”
and who have assisted the Company in its capital raising efforts in connection with the Company’s private placement offering
of units (the “Offering”).

 

As used in this Warrant,
(i) “Business Day” means any day other than Saturday, Sunday or any other day on which commercial banks in the
City of New York, New York, are authorized or required by law or executive order to close; (ii) “Common Stock”
means the common stock of the Company, par value $0.001 per share, including any securities issued or issuable with respect thereto
or into which or for which such shares may be exchanged for, or converted into, pursuant to any stock dividend, stock split, stock
combination, recapitalization, reclassification, reorganization or other similar event; (iii) “Exercise Price”
means $1.50 per whole share of Common Stock (on a post- two-for-one stock split basis), subject to adjustment as provided herein;
(iv) “Trading Day” means any day on which the Common Stock is traded on the primary national or regional stock
exchange on which the Common Stock is listed, or if not so listed, the OTC Bulletin Board, if quoted thereon, is open for the transaction
of business; and (v) “Affiliate” means any person that, directly or indirectly, through
one or more intermediaries, controls, is controlled by, or is under common control with, a person, as such terms are used and construed
in Rule 144 promulgated under the Securities Act of 1933, as amended (the “Securities Act”).

 

    	 

    	 

    

 

1.            DURATION
AND EXERCISE OF WARRANTS

 

(a)          Exercise
Period. The Holder may exercise this Warrant in whole or in part on any Business Day on or before 5:00 P.M., Eastern Time,
on the Expiration Date, at which time this Warrant shall become void and of no value.

 

(b)          Exercise
Procedures.

 

(i)          While
this Warrant remains outstanding and exercisable in accordance with Section 1(a), in addition to the manner set forth in Section
1(b)(ii) below, the Holder may exercise this Warrant in whole or in part at any time and from time to time by:

 

(A)         delivery
to the Company of a duly completed and executed copy of the Notice of Exercise attached as Exhibit A (the “Notice
of Exercise”);

 

(B)         surrender
of this Warrant to the Secretary of the Company at its principal offices or at such other office or agency as the Company may specify
in writing to the Holder; and

 

(C)         payment
of the then-applicable Exercise Price per share multiplied by the number of Warrant Shares being purchased upon exercise of the
Warrant (such amount, the “Aggregate Exercise Price”) made in the form of cash, or by certified check, wire
transfer, bank draft or money order payable in lawful money of the United States of America.

 

(ii)         Upon
the exercise of this Warrant in compliance with the provisions of this Section 1(b), and except as limited pursuant to Section
1(b)(iii) or 1(d), the Company shall promptly issue and cause to be delivered to the Holder a certificate for the Warrant Shares
purchased by the Holder. Each exercise of this Warrant shall be effective immediately prior to the close of business on the date
(the “Date of Exercise”) that the conditions set forth in Section 1(b) have been satisfied, as the case may
be. On or before the third Business Day following the date on which the Company has received each of this original Warrant, the
Notice of Exercise and the Aggregate Exercise Price (the “Exercise Delivery Documents”), the Company shall transmit
an acknowledgment of receipt of the Exercise Delivery Documents to the Company’s transfer agent (the “Transfer Agent”).
On or before the fifth Business Day following the date on which the Company has received all of the
Exercise Delivery Documents (the “Share Delivery Date”), the Company shall (X) provided that the Transfer Agent
is participating in The Depository Trust Company (“DTC”) Fast Automated Securities Transfer Program, upon the
request of the Holder, credit such aggregate number of shares of Common Stock to which the Holder is entitled pursuant to such
exercise to the Holder’s or its designee’s balance account with DTC through its Deposit Withdrawal Agent Commission
system, or (Y) if the Transfer Agent is not participating in the DTC Fast Automated Securities Transfer Program, issue and dispatch
by overnight courier to the address as specified in the Notice of Exercise, a certificate, registered in the Company’s share
register in the name of the Holder or its designee, for the number of shares of Common Stock to which the Holder is entitled pursuant
to such exercise. Upon delivery of the Exercise Delivery Documents, the Holder shall be deemed for all corporate purposes to have
become the holder of record of the Warrant Shares with respect to which this Warrant has been exercised, irrespective of the date
of delivery of the certificates evidencing such Warrant Shares.

 

    	2

    	 

    

 

(iii)        Notwithstanding
the foregoing provisions of this Section 1(b), the Holder may not exercise this Warrant if and to the extent that such exercise
would require the Company to issue a number of shares of Common Stock in excess of its authorized but unissued shares of Common
Stock, less all amounts of Common Stock that have been reserved for issue upon the conversion of all outstanding securities convertible
into shares of Common Stock and the exercise of all outstanding options, warrants and other rights exercisable for shares of Common
Stock. If the Company does not have the requisite number of authorized but unissued shares of Common Stock to permit the Holder
to exercise this Warrant, then the Company shall use commercially reasonable efforts to obtain the necessary stockholder consent
to increase the authorized number of shares of Common Stock to permit such Holder to exercise this Warrant pursuant to Section
1(b)(i).

 

(iv)        If
the Company shall fail for any reason or for no reason to issue to the Holder, within five (5) Business Days of receipt of the
Exercise Delivery Documents, a certificate for the number of shares of Common Stock to which the Holder is entitled and register
such shares of Common Stock on the Company’s share register or to credit the Holder’s balance account with DTC for
such number of shares of Common Stock to which the Holder is entitled upon the Holder’s exercise of this Warrant, and if
on or after such Business Day the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver
in satisfaction of a sale by the Holder of shares of Common Stock issuable upon such exercise that the Holder anticipated receiving
from the Company (a “Buy-In”), then the Company shall, within five (5) Business Days after the Holder’s
request and in the Holder’s discretion, either (i) pay cash to the Holder in an amount equal to the Holder’s total
purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the “Buy-In Price”),
at which point the Company’s obligation to deliver such certificate (and to issue such shares of Common Stock) shall terminate,
or (ii) promptly honor its obligation to deliver to the Holder a certificate or certificates representing such shares of Common
Stock and pay cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number
of shares of Common Stock, times (B) the closing bid price on the date of exercise.

 

(c)          Partial
Exercise. This Warrant shall be exercisable, either in its entirety or, from time to time, for part only of the number of Warrant
Shares referenced by this Warrant; provided, that any such partial exercise must be for an integral number of Warrant Shares. If
this Warrant is exercised in part, the Company shall issue, at its expense, a new Warrant, in substantially the form of this Warrant,
referencing such reduced number of Warrant Shares that remain subject to this Warrant.

 

    	3

    	 

    

 

(d)          Limitations
on Exercises. Notwithstanding anything to the contrary contained in this Warrant, this Warrant shall not be exercisable by
the Holder hereof to the extent (but only to the extent) that such exercise would cause the Holder or any of its affiliates which
is not, prior to such exercise, already a beneficial owner of greater than 4.99% (the “Maximum Percentage”) of the
Company’s outstanding Common Stock to beneficially own in excess of the Maximum Percentage thereof; provided, however,
that the Holder may waive this Section 1(d) and/or increase the Maximum Percentage to an amount not to exceed 9.99% upon at least
sixty-one (61) days prior written notice to the Company. For the purposes of this paragraph, beneficial ownership and all determinations
and calculations (including, without limitation, with respect to calculations of percentage ownership) shall be determined in accordance
with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. The limitations contained in this
paragraph shall apply to a successor Holder of this Warrant.

 

(e)          Disputes.
In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the Warrant Shares, the
Company shall promptly issue to the Holder the number of Warrant Shares that are not disputed and resolve such dispute in accordance
with Section 15.

 

2.            ISSUANCE
OF WARRANT SHARES

 

(a)          The
Company covenants that all Warrant Shares will, upon issuance in accordance with the terms of this Warrant, be (i) duly authorized,
fully paid and non-assessable, and (ii) free from all liens, charges and security interests, with the exception of claims arising
through the acts or omissions of any Holder and except as arising from applicable Federal and state securities laws.

 

(b)          The
Company shall register this Warrant upon records to be maintained by the Company for that purpose in the name of the record holder
of such Warrant from time to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner thereof
for the purpose of any exercise thereof, any distribution to the Holder thereof and for all other purposes.

 

(c)          The
Company will not, by amendment of its articles of incorporation, by-laws or through any reorganization, transfer of assets, consolidation,
merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance
of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying
out of all the provisions of this Warrant and in the taking of all action necessary or appropriate in order to protect the rights
of the Holder to exercise this Warrant, or against impairment of such rights.

 

    	4

    	 

    

 

3.            ADJUSTMENTS
OF EXERCISE PRICE, NUMBER AND TYPE OF WARRANT SHARES

 

(a)          The
Exercise Price and the number of shares purchasable upon the exercise of this Warrant shall be subject to adjustment from time
to time upon the occurrence of certain events described in this Section 3(a); provided, that notwithstanding the provisions
of this Section 3, the Company shall not be required to make any adjustment if and to the extent that such adjustment would require
the Company to issue a number of shares of Common Stock in excess of its authorized but unissued shares of Common Stock, less all
amounts of Common Stock that have been reserved for issue upon the conversion of all outstanding securities convertible into shares
of Common Stock and the exercise of all outstanding options, warrants and other rights exercisable for shares of Common Stock.
If the Company does not have the requisite number of authorized but unissued shares of Common Stock to make any adjustment, the
Company shall use its commercially reasonable efforts to obtain the necessary stockholder consent to increase the authorized number
of shares of Common Stock to make such an adjustment pursuant to this Section 3(a).

 

(i)          Subdivision
or Combination of Stock. In case the Company shall at any time subdivide (whether by way of stock dividend, stock split or
otherwise) its outstanding shares of Common Stock into a greater number of shares, the Exercise Price in effect immediately prior
to such subdivision shall be proportionately reduced and the number of Warrant Shares shall be proportionately increased, and conversely,
in case the outstanding shares of Common Stock of the Company shall be combined (whether by way of stock combination, reverse stock
split or otherwise) into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be
proportionately increased and the number of Warrant Shares shall be proportionately decreased. The Exercise Price and the Warrant
Shares, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described in
this Section 3(a)(i).

 

(ii)         Dividends
in Stock, Property, Reclassification. If at any time, or from time to time, the holders of Common Stock (or any shares of stock
or other securities at the time receivable upon the exercise of this Warrant) shall have received or become entitled to receive,
without payment therefore:

 

(A)         any
shares of stock or other securities that are at any time directly or indirectly convertible into or exchangeable for Common Stock,
or any rights or options to subscribe for, purchase or otherwise acquire any of the foregoing by way of dividend or other distribution,
or

 

(B)         additional
stock or other securities or property (including cash) by way of spin-off, split-up, reclassification, combination of shares or
similar corporate rearrangement (other than shares of Common Stock issued as a stock split or adjustments in respect of which shall
be covered by the terms of Section 3(a)(i) above),

 

then and in each such case, the Exercise
Price and the number of Warrant Shares to be obtained upon exercise of this Warrant shall be adjusted proportionately, and the
Holder hereof shall, upon the exercise of this Warrant, be entitled to receive, in addition to the number of shares of Common Stock
receivable thereupon, and without payment of any additional consideration therefor, the amount of stock and other securities and
property (including cash in the cases referred to above) that such Holder would hold on the date of such exercise had such Holder
been the holder of record of such Common Stock as of the date on which holders of Common Stock received or became entitled to receive
such shares or all other additional stock and other securities and property. The Exercise Price and the Warrant Shares, as so adjusted,
shall be readjusted in the same manner upon the happening of any successive event or events described in this Section 3(a)(ii).

 

    	5

    	 

    

 

(iii)        Reorganization,
Reclassification, Consolidation, Merger or Sale. If any recapitalization, reclassification or reorganization of the capital
stock of the Company, or any consolidation or merger of the Company with another corporation, or the sale of all or substantially
all of its assets or other transaction shall be effected in such a way that holders of Common Stock shall be entitled to receive
stock, securities or other assets or property (an “Organic Change”), then lawful and adequate provisions shall
be made by the Company whereby the Holder hereof shall thereafter have the right to purchase and receive (in lieu of the shares
of the Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented
by this Warrant) such shares of stock, securities or other assets or property as may be issued or payable with respect to or in
exchange for a number of outstanding shares of such Common Stock equal to the number of shares of such stock immediately theretofore
purchasable and receivable assuming the full exercise of the rights represented by this Warrant. In the event of any Organic Change,
appropriate provision shall be made by the Company with respect to the rights and interests of the Holder of this Warrant to the
end that the provisions hereof (including, without limitation, provisions for adjustments of the Exercise Price and of the number
of shares purchasable and receivable upon the exercise of this Warrant) shall thereafter be applicable, in relation to any shares
of stock, securities or assets thereafter deliverable upon the exercise hereof. To the extent necessary to effect the foregoing
provisions, the successor corporation (if other than the Company) resulting from such consolidation or merger or the corporation
purchasing such assets shall assume by written instrument reasonably satisfactory in form and substance to the Holder executed
and mailed or delivered to the registered Holder hereof at the last address of such Holder appearing on the books of the Company,
the obligation to deliver to such Holder such shares of stock, securities or assets as, in accordance with the foregoing provisions,
such Holder may be entitled to purchase. If
there is an Organic Change, then the Company shall cause to be mailed to the Holder at its last address as it shall appear on the
books and records of the Company, at least 10 calendar days before the effective date of the Organic Change, a notice stating the
date on which such Organic Change is expected to become effective or close, and the date as of which it is expected that holders
of the Common Stock of record shall be entitled to exchange their shares for securities, cash, or other property delivered upon
such Organic Change; provided, that the failure to mail such notice or any defect therein or in the mailing thereof shall
not affect the validity of the corporate action required to be specified in such notice. The Holder is entitled to exercise this
Warrant during the 10-day period commencing on the date of such notice to the effective date of the event triggering such notice.
In any event, the successor corporation (if other than the Company) resulting from such consolidation or merger or the corporation
purchasing such assets shall be deemed to assume such obligation to deliver to such Holder such shares of stock, securities or
assets even in the absence of a written instrument assuming such obligation to the extent such assumption occurs by operation of
law. 

 

    	6

    	 

    

(b)          Certificate
as to Adjustments. Upon the occurrence of each adjustment or readjustment pursuant to this Section 3, the Company at its expense
shall promptly compute such adjustment or readjustment in accordance with the terms hereof and furnish to each Holder of this Warrant
a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment
is based. The Company shall promptly furnish or cause to be furnished to such Holder a like certificate setting forth: (i) such
adjustments and readjustments; and (ii) the number of shares and the amount, if any, of other property which at the time would
be received upon the exercise of the Warrant.

 

(c)          Certain
Events. If any event occurs as to which the other provisions of this Section 3 are not strictly applicable but the lack of
any adjustment would not fairly protect the purchase rights of the Holder under this Warrant in accordance with the basic intent
and principles of such provisions, or if strictly applicable would not fairly protect the purchase rights of the Holder under this
Warrant in accordance with the basic intent and principles of such provisions, then the Company's Board of Directors will, in good
faith and subject to applicable law, make an appropriate adjustment to protect the rights of the Holder; provided, that
no such adjustment pursuant to this Section 3(c) will increase the Exercise Price or decrease the number of Warrant Shares as otherwise
determined pursuant to this Section 3.

 

(d)          Adjustment
of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event the Company shall at any time prior
to the Expiration Date issue Additional Shares of Common Stock, as defined below, without consideration or for a consideration
per share less than the Exercise Price in effect immediately prior to such issue, then the Exercise Price shall be reduced, concurrently
with such issue, to a price (calculated to the nearest cent) determined by multiplying such Exercise Price by a fraction, (A) the
numerator of which shall be (1) the number of shares of Common Stock outstanding immediately prior to such issue plus (2) the number
of shares of Common Stock which the aggregate consideration received or to be received by the Company for the total number of Additional
Shares of Common Stock so issued would purchase at such Exercise Price; and (B) the denominator of which shall be the number of
shares of Common Stock outstanding immediately prior to such issue plus the number of such Additional Shares of Common Stock so
issued; provided that, (i) for the purpose of this Section 3(d), all shares of Common Stock issuable upon conversion or
exchange of convertible securities outstanding immediately prior to such issue shall be deemed to be outstanding, and (ii) the
number of shares of Common Stock deemed issuable upon conversion or exchange of such outstanding convertible securities shall be
determined without giving effect to any adjustments to the conversion or exchange price or conversion or exchange rate of such
convertible securities resulting from the issuance of Additional Shares of Common Stock that is the subject of this calculation.
For purposes of this Warrant, “Additional Shares of Common Stock” shall mean all shares of Common Stock issued by the
Company after the Effective Date (including without limitation any shares of Common Stock issuable upon conversion or exchange
of any convertible securities or upon exercise of any option or warrant, on an as-converted basis), other than: (i) shares
of Common Stock issued or issuable upon conversion or exchange of any convertible securities, or exercise of any options outstanding
on the Effective Date; (ii) shares of Common Stock issued or issuable upon conversion of the warrants issued in connection with
the Offering; (iii) shares of Common Stock issued or issuable by reason of a dividend, stock split, split-up or other distribution
on shares of Common Stock that is covered by Sections 3(a)(i) through 3(a)(iii) above; (iv) shares of Common Stock issued or issuable
pursuant to the acquisition of another corporation by the Corporation by merger, purchase of substantially all of the assets or
other reorganization or to a joint venture agreement; or (v) shares of Common Stock issued or issuable to officers, directors
and employees of, or consultants to, the Company pursuant to stock grants, option plans, purchase plans or other employee stock
incentive programs or arrangements approved by the Board of Directors, or upon exercise of options or warrants granted to such
parties pursuant to any such plan or arrangement. The provisions of this Section 3(d) shall not operate to increase the Exercise
Price.

 

    	7

    	 

    

 

Whenever the Exercise
Price is adjusted pursuant to this Section 3(d), the number of shares of Common Stock issuable upon exercise of this Warrant shall
be inversely proportionally adjusted such that the aggregate Exercise Price of this Warrant remains equal immediately before and
after any such adjustment.

 

4.            TRANSFERS
AND EXCHANGES OF WARRANT AND WARRANT SHARES

 

(a)          Registration
of Transfers and Exchanges. Subject to Section 4(c), upon the Holder’s surrender of this Warrant, with a duly executed
copy of the Form of Assignment attached as Exhibit B, to the Secretary of the Company at its principal offices or at such
other office or agency as the Company may specify in writing to the Holder, the Company shall register the transfer of all or any
portion of this Warrant. Upon such registration of transfer, the Company shall issue a new Warrant, in substantially the form of
this Warrant, evidencing the acquisition rights transferred to the transferee and a new Warrant, in similar form, evidencing the
remaining acquisition rights not transferred, to the Holder requesting the transfer.

 

(b)          Warrant
Exchangeable for Different Denominations. The Holder may exchange this Warrant for a new Warrant or Warrants, in substantially
the form of this Warrant, evidencing in the aggregate the right to purchase the number of Warrant Shares, which may then be purchased
hereunder, each of such new Warrants to be dated the date of such exchange and to represent the right to purchase such number of
Warrant Shares as shall be designated by the Holder. The Holder shall surrender this Warrant with duly executed instructions regarding
such re-certification of this Warrant to the Secretary of the Company at its principal offices or at such other office or agency
as the Company may specify in writing to the Holder.

 

(c)          Restrictions
on Transfers. This Warrant may not be transferred at any time without (i) registration under the Securities Act or (ii) an
exemption from such registration and a written opinion of legal counsel addressed to the Company that the proposed transfer of
the Warrant may be effected without registration under the Securities Act, which opinion will be in form and from counsel reasonably
satisfactory to the Company.

 

(d)          Permitted
Transfers and Assignments. Notwithstanding any provision to the contrary in this Section 4, the Holder may transfer, with or
without consideration, this Warrant or any of the Warrant Shares (or a portion thereof) to the Holder’s Affiliates (as such
term is defined under Rule 144 of the Securities Act) without obtaining the opinion from counsel that may be required by Section
4(c)(ii), provided, that the Holder delivers to the Company and its counsel certification, documentation, and other assurances
reasonably required by the Company’s counsel to enable the Company’s counsel to render an opinion to the Company’s
Transfer Agent that such transfer does not violate applicable securities laws.

 

    	8

    	 

    

 

5.           MUTILATED
OR MISSING WARRANT CERTIFICATE

 

If this Warrant is
mutilated, lost, stolen or destroyed, upon request by the Holder, the Company will, at its expense, issue, in exchange for and
upon cancellation of the mutilated Warrant, or in substitution for the lost, stolen or destroyed Warrant, a new Warrant, in substantially
the form of this Warrant, representing the right to acquire the equivalent number of Warrant Shares; provided, that, as
a prerequisite to the issuance of a substitute Warrant, the Company may require satisfactory evidence of loss, theft or destruction
as well as an indemnity from the Holder of a lost, stolen or destroyed Warrant.

 

6.           PAYMENT
OF TAXES

 

The Company will pay
all transfer and stock issuance taxes attributable to the preparation, issuance and delivery of this Warrant and the Warrant Shares
(and replacement Warrants) including, without limitation, all documentary and stamp taxes; provided, however, that
the Company shall not be required to pay any tax in respect of the transfer of this Warrant, or the issuance or delivery of certificates
for Warrant Shares or other securities in respect of the Warrant Shares to any person or entity other than to the Holder.

 

7.           FRACTIONAL
WARRANT SHARES

 

No fractional Warrant
Shares shall be issued upon exercise of this Warrant. Upon the full exercise of this Warrant, the Company, in lieu of issuing any
fractional Warrant Share, shall round up the number of Warrant Shares issuable to nearest whole share.

 

8.           NO
STOCK RIGHTS AND LEGEND

 

No holder of this Warrant,
as such, shall be entitled to vote or be deemed the holder of any other securities of the Company that may at any time be issuable
on the exercise hereof, nor shall anything contained herein be construed to confer upon the holder of this Warrant, as such, the
rights of a stockholder of the Company or the right to vote for the election of directors or upon any matter submitted to stockholders
at any meeting thereof, or give or withhold consent to any corporate action or to receive notice of meetings or other actions affecting
stockholders (except as provided herein), or to receive dividends or subscription rights or otherwise (except as provide herein).

 

Each certificate for
Warrant Shares initially issued upon the exercise of this Warrant, and each certificate for Warrant Shares issued to any subsequent
transferee of any such certificate, shall be stamped or otherwise imprinted with a legend in substantially the following form:

 

    	9

    	 

    

“THE SECURITIES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR ANY STATE SECURITIES LAWS, AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE
TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES
LAWS, OR (2) AN EXEMPTION FROM SUCH REGISTRATION EXISTS AND THE COMPANY RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF SUCH SECURITIES,
WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED
OR TRANSFERRED IN THE MANNER CONTEMPLATED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR APPLICABLE STATE SECURITIES
LAWS.”

 

9.           [RESERVED]

 

10.         NOTICES

 

All
notices, consents, waivers, and other communications under this Warrant must be in writing and will be deemed given to a party
when (a) delivered to the appropriate address by hand or by nationally recognized overnight courier service (costs prepaid); (b)
sent by facsimile or e-mail with confirmation of transmission by the transmitting equipment; (c) received or rejected by the addressee,
if sent by certified mail, return receipt requested, if to the registered Holder hereof; or (d) seven days after the placement
of the notice into the mails (first class postage prepaid), to the Holder at the address, facsimile number, or e-mail address furnished
by the registered Holder to the Company, if the registered Holder is not the original purchaser of this Warrant, then as provided
in the Form of Assignment delivered to the Company pursuant to Section 4(a) in connection with the assignment of this Warrant to
such Holder, or if to the Company, to it at 1311 Herr Lane, Suite 205, Louisville, KY 40222,
Attn: John S. Henderson IV, Chief Executive Officer (or to such other address, facsimile number, or e-mail address as the Holder
or the Company as a party may designate by notice the other party in accordance with this Section 10) with a copy to Gottbetter
& Partners, 488 Madison Avenue, New York, New York 10022, Attention: Adam S. Gottbetter.

 

11.         SEVERABILITY

 

If a court of competent
jurisdiction holds any provision of this Warrant invalid or unenforceable, the other provisions of this Warrant will remain in
full force and effect. Any provision of this Warrant held invalid or unenforceable only in part or degree will remain in full force
and effect to the extent not held invalid or unenforceable.

 

12.         BINDING
EFFECT

 

This Warrant shall
be binding upon and inure to the sole and exclusive benefit of the Company, its successors and assigns, and the registered Holder
or Holders from time to time of this Warrant and the Warrant Shares.

 

13.         SURVIVAL
OF RIGHTS AND DUTIES

 

This Warrant shall
terminate and be of no further force and effect on the earlier of 5:00 P.M., Eastern Time, on the Expiration Date or the date on
which this Warrant has been exercised in full.

 

    	10

    	 

    

 

		14.	GOVERNING LAW

 

This Warrant will be
governed by and construed under the laws of the State of New York without regard to conflicts of laws principles that would require
the application of any other law.

 

		15.	DISPUTE RESOLUTION

 

In
the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the Warrant Shares, the Company
shall submit the disputed determinations or arithmetic calculations via facsimile within five (5)
Business Days of receipt of the Notice of Exercise giving rise to such dispute, as the case may be, to the Holder. If the Holder
and the Company are unable to agree upon such determination or calculation of the Exercise Price or the Warrant Shares within three
Business Days of such disputed determination or arithmetic calculation being submitted to the Holder, then the Company shall, at
its sole discretion, within five (5) Business Days, submit via facsimile (a) the disputed determination of the Exercise Price to
an independent, reputable investment bank selected by the Company and approved by the Holder, or (b) the disputed arithmetic calculation
of the Warrant Shares to the Company’s independent, outside accountant. The Company shall cause at its expense the investment
bank or the accountant, as the case may be, to perform the determinations or calculations and notify the Company and the Holder
of the results no later than ten (10) Business Days from the time it receives the disputed determinations or calculations. Such
investment bank’s or accountant’s determination or calculation, as the case may be, shall be final, binding
and conclusive upon the parties thereto, absent demonstrable error. 

 

		16.	NOTICES OF RECORD DATE

 

Upon (a) any establishment
by the Company of a record date of the holders of any class of securities for the purpose of determining the holders thereof who
are entitled to receive any dividend or other distribution, or right or option to acquire securities of the Company, or any other
right, or (b) any capital reorganization, reclassification, recapitalization, merger or consolidation of the Company with or into
any other corporation, any transfer of all or substantially all the assets of the Company, or any voluntary or involuntary dissolution,
liquidation or winding up of the Company, or the sale, in a single transaction, of a majority of the Company’s voting stock
(whether newly issued, or from treasury, or previously issued and then outstanding, or any combination thereof), the Company shall
mail to the Holder at least ten (10) Business Days, or such longer period as may be required by law, prior to the record date specified
therein, a notice specifying (i) the date established as the record date for the purpose of such dividend, distribution, option
or right and a description of such dividend, option or right, (ii) the date on which any such reorganization, reclassification,
transfer, consolidation, merger, dissolution, liquidation or winding up, or sale is expected to become effective and (iii) the
date, if any, fixed as to when the holders of record of Common Stock shall be entitled to exchange their shares of Common Stock
for securities or other property deliverable upon such reorganization, reclassification, transfer, consolation, merger, dissolution,
liquidation or winding up.

 

    	11

    	 

    

 

		17.	RESERVATION OF SHARES

 

The Company shall reserve
and keep available out of its authorized but unissued shares of Common Stock for issuance upon the exercise of this Warrant, free
from pre-emptive rights, such number of shares of Common Stock for which this Warrant shall from time to time be exercisable. The
Company will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein
without violation of any applicable law or regulation. Without limiting the generality of the foregoing, the Company covenants
that it will use commercially reasonable efforts to take all such action as may be necessary or appropriate in order that the Company
may validly and legally issue fully paid and non-assessable Warrant Shares upon the exercise of this Warrant and use commercially
reasonable efforts to obtain all such authorizations, exemptions or consents, including but not limited to consents from the Company’s
stockholders or Board of Directors or any public regulatory body, as may be necessary to enable the Company to perform its obligations
under this Warrant.

 

		18.	HEADINGS

 

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

 

		19.	AMENDMENT AND WAIVERS

 

Any term of this Warrant
may be amended and the observance of any term of this Warrant may be waived (either generally or in a particular instance and either
retroactively or prospectively), with the written consent of the Company and the holders of a majority of the Warrant Shares issuable
upon exercise of the Warrants.

 

		20.	NO THIRD PARTY RIGHTS

 

This Warrant is not
intended, and will not be construed, to create any rights in any parties other than the Company and the Holder, and no person or
entity may assert any rights as third-party beneficiary hereunder.

 

[SIGNATURE PAGE FOLLOWS]

 

    	12

    	 

    

 

IN WITNESS WHEREOF,
the Company has caused this Warrant to be duly executed as of the date first set forth above.

 

	 	EASTERN RESOURCES, INC.
	 	 
	 	By:	 
	 	Name:  Patrick W. M. Imeson
	 	Title:  Chief Executive Officer

 

    	 

    	 

    

 

EXHIBIT A

 

NOTICE OF EXERCISE

 

(To be executed by the Holder of Warrant
if such Holder desires to exercise Warrant)

 

To: EASTERN RESOURCES, INC.:

 

The undersigned hereby
irrevocably elects to exercise this Warrant with respect to the purchase of ____________________ whole shares of Eastern Resources,
Inc. common stock issuable upon exercise of the Warrant and delivery of:

 

		(1)	$__________ (in cash as provided for in the foregoing Warrant) and any applicable taxes payable
by the undersigned pursuant to such Warrant.

 

The undersigned requests
that certificates for such shares be issued in the name of:

 

	 	 	 
	 	(Please print name, address and social security or	 
	 	federal employer identification number (if applicable))*	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

If the shares issuable
upon this exercise of the Warrant are not all of the Warrant Shares which the Holder is entitled to acquire upon the exercise of
the Warrant, the undersigned requests that a new Warrant evidencing the rights not so exercised be issued in the name of and delivered
to:

 

	 	 	 
	 	(Please print name, address and social security or	 
	 	federal employer identification number (if applicable))*	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

	 	Name of Holder (print):	 

	 	(Signature):	 

	 	(By :)	 

	 	(Title :)	 

	 	Dated:	 

 

 

*    If Warrant Shares are to be issued
in any name other than that of the registered Holder of the Warrant, then the Holder must include an opinion of counsel, reasonably
satisfactory to the Company, to the effect that such issuance complies with all applicable securities laws.

 

    	 

    	 

    

 

EXHIBIT B

 

FORM OF ASSIGNMENT

 

FOR VALUE RECEIVED,
___________________________________ hereby sells, assigns and transfers to each assignee set forth below all of the rights of the
undersigned under the Warrant (as defined in and evidenced by the attached Warrant) to acquire the number of Warrant Shares set
opposite the name of such assignee below and in and to the foregoing Warrant with respect to said acquisition rights and the shares
issuable upon exercise of the Warrant:

  

	
        Name of Assignee

        (and social security or federal employer

        identification number (if applicable))
	 	Address	 	Number of Shares
	
          
	 	 	 	 
	
        

         
	 	 	 	 

 

If the total of the
Warrant Shares are not all of the Warrant Shares evidenced by the foregoing Warrant, the undersigned requests that a new Warrant
evidencing the right to acquire the Warrant Shares not so assigned be issued in the name of and delivered to the undersigned.

  

	 	Name of Holder (print):	 
	 	Signature:	 
	 	By:	 
	 	Title:	 
	 	Dated:

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