Document:

Exhibit 10.1 MDFC and MDDC Second Amendment to Credit Agreement

Exhibit 10.1
SECOND AMENDMENT TO CREDIT AGREEMENT
THIS SECOND AMENDMENT TO CREDIT AGREEMENT is made and dated as of December 27, 2012 (this “Amendment”) among MARINA DISTRICT FINANCE COMPANY, INC., a New Jersey corporation (the “Borrower”), MARINA DISTRICT DEVELOPMENT COMPANY, LLC, a New Jersey limited liability company (“MDDC”, and together with the Borrower, the “Credit Parties”), the Lenders parties hereto, and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders, and amends that certain Credit Agreement dated as of August 6, 2010 (as amended prior to the date hereof and as the same may be further amended or modified from time to time, the “Credit Agreement”), among the Credit Parties, the Lenders, the Administrative Agent, and Wells Fargo, as L/C Issuer and Swing Line Lender.
R E C I T A L S
WHEREAS, the Borrower has requested that the Administrative Agent and the Lenders amend the Credit Agreement, and the Administrative Agent and the Lenders are willing to do so, on the terms and conditions specified herein; and
WHEREAS, the Required Lenders have agreed, subject to the terms and conditions hereinafter set forth, to amend the Credit Agreement in certain respects as set forth below.
NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as follows:
1.Terms.  All terms used herein shall have the same meanings as in the Credit Agreement unless otherwise defined herein.
2.    Amendments.
2.1    Section 1.01.  
2.1.1        The definition of “Aggregate Commitment” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows: 
“Aggregate Commitments” means the Commitments of all Revolving Lenders.  As of the effective date of the Second Amendment to Credit Agreement dated as of December 27, 2012 among, inter alia, the Borrower, MDDC, the Required Lenders and Wells Fargo, as L/C Issuer, Swing Line Lender and Administrative Agent, the Aggregate Commitments are $60,000,000.
2.1.2        The definition of “Consolidated EBITDA” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:
“Consolidated EBITDA” means, for any period, the Credit Parties and their Subsidiaries’ consolidated income before distributions plus (or minus), in each case, to the extent deducted (or added) in determining consolidated income, depreciation, amortization, 

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interest expense, income tax expense and pre‐opening expenses, plus any extraordinary losses and minus any extraordinary gains, minus any gain or plus any loss, charge or expense resulting from a redemption or repurchase of Senior Secured Notes, plus any non-recurring non-cash losses (or minus any non-recurring non-cash gains), plus any non-cash charges related to fair value adjustments, minus any non-cash gains related to fair value adjustments, and plus any losses, charges or expenses resulting from any donations made by the Credit Parties relating to the Casino Reinvestment Development Authority, all as determined in accordance with GAAP; provided that for the fiscal quarter ending December 31, 2012 through the fiscal quarter ending September 30, 2013, “Consolidated EBITDA” shall be computed by including the four fiscal quarters with the highest Consolidated EBITDA out of the most recently ended five fiscal quarters.
2.2    Section 6.11.  The last sentence of Section 6.11 of the Credit Agreement is hereby amended and restated in its entirety as follows:
“From and after the effective date of the Second Amendment to Credit Agreement dated as of December 27, 2012 among, inter alia, the Borrower, MDDC, the Required Lenders and Wells Fargo, as L/C Issuer, Swing Line Lender and Administrative Agent, when the Total Revolving Outstandings shall equal or exceed $50,000,000, no Credit Extensions may be used to purchase or redeem any Senior Secured Notes until the Total Revolving Outstandings shall be reduced below $50,000,000.”
2.3    Section 7.11(a).  Section 7.11(a) of the Credit Agreement is hereby amended by replacing the reference therein to “$125,000,000” with a reference to “$110,000,000”.
2.4    Article VII.  Article VII of the Credit Agreement is hereby amended by adding a new Section 7.13 thereto as follows:
“7.13    Repurchase and Redemption of Senior Secured Notes.  Each Credit Party shall not, and shall not permit any Subsidiary to, purchase or redeem any Senior Secured Notes unless Consolidated EBITDA, as calculated without reference to the proviso to the definition thereof as of the last day of the prior fiscal quarter for the period of four fiscal quarters ending on such date, was equal to or greater than $125,000,000 (and any such repurchase or redemption shall be subject to Section 6.11).”
3.    Representations and Warranties.  Each Credit Party represents and warrants to the Administrative Agent and the Lenders that, on and as of the date hereof, and after giving effect to this Amendment:
3.1    Authorization.  The execution, delivery and performance by the Credit Parties of this Amendment has been duly authorized by all necessary corporate or other organizational action, and this Amendment has been duly executed and delivered by the Credit Parties.
3.2    Binding Obligation.  This Amendment constitutes a legal, valid and binding obligation of each Credit Party, enforceable against it in accordance with its terms, subject to 

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applicable Gaming Laws and bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and general principles of equity.
3.3    No Legal Obstacle to Amendment.  The execution, delivery and performance of this Amendment will not (a) contravene the terms of the Organizational Documents of either Credit Party; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, (i) any Contractual Obligation to which a Credit Party is a party, or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Credit Party or its property is subject; or (c) violate any Law.  Except as have been obtained prior to the date hereof, no authorization or approval of any Governmental Authority is required to permit the execution, delivery or performance by the Credit Parties of this Amendment, or the transactions contemplated hereby, except that notice of the Borrower’s execution of this Amendment together with a copy hereof must be filed with the New Jersey Casino Control Commission and the New Jersey Division of Gaming Enforcement within the time prescribed.
3.4    Incorporation of Certain Representations.  After giving effect to the terms of this Amendment, the representations and warranties of the Credit Parties set forth in Article V of the Credit Agreement are true and correct on and as of the date hereof as though made on and as of the date hereof, except as to such representations made as of an earlier specified date.
3.5    Default.  Both before and after giving effect to this Amendment, no Default or Event of Default under the Credit Agreement has occurred and is continuing.
4.    Conditions, Effectiveness.  This Amendment shall become effective as of the date first written above (the “Amendment Effective Date”) upon satisfaction of each of the following conditions:
(a)    The Administrative Agent shall have received counterparts to this Amendment duly executed by each Credit Party and the Required Lenders and an acknowledgment hereto by the Administrative Agent.
(b)    All consents, licenses and approvals required in connection with the execution, delivery and performance by each Credit Party of this Amendment shall have been received by the Borrower.
On the Amendment Effective Date, without further action by any Person, the Aggregate Commitments shall be reduced from $75,000,000 to $60,000,000, such reduction to be applied to the Commitments of the Lenders in accordance with their respective Pro Rata Shares.
5.    Miscellaneous.
5.1    Effectiveness of the Credit Agreement and the other Loan Documents.  Except as hereby expressly amended, the Credit Agreement and each of the other Loan Documents shall each remain in full force and effect, and are hereby ratified and confirmed in all respects on and as of the date hereof.  

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5.2    Waivers.  This Amendment is limited solely to the matters expressly set forth herein and is specific in time and in intent and does not constitute, nor should it be construed as, a waiver or amendment of any other term or condition, right, power or privilege under the Credit Agreement or under any agreement, contract, indenture, document or instrument mentioned therein; nor does it preclude or prejudice any rights of the Administrative Agent or the Lenders thereunder, or any exercise thereof or the exercise of any other right, power or privilege, nor shall it require the Required Lenders to agree to an amendment, waiver or consent on a future occasion, nor shall any future waiver of any right, power, privilege or default hereunder, or under any agreement, contract, indenture, document or instrument mentioned in the Credit Agreement, constitute a waiver of any other right, power, privilege or default of the same or of any other term or provision.
5.3    Loan Document.  This Amendment is a Loan Document.
5.4    Counterparts.  This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
5.5    Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE (INCLUDING FOR SUCH PURPOSES SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK); PROVIDED THAT THE ADMINISTRATIVE AGENT AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.
MARINA DISTRICT FINANCE COMPANY, INC., a New Jersey corporation

By:    /s/  Keith Smith
Name:  Keith Smith
Title:       President

MARINA DISTRICT DEVELOPMENT COMPANY, LLC, a New Jersey limited liability company

		
	By: 
	Marina District Development Holding Co., LLC, a New Jersey limited liability company

		
	Its: 
	Sole Member

		
	By:
	Boyd Atlantic City, Inc., a New Jersey corporation

Its:    Managing Member

By:    /s/  Keith Smith
Name:  Keith Smith
Title:       President

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Wells Fargo Bank, N.A.

By:     /s/  Peitty Chou
Name:     Peitty Chou
Title:     Director

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The Royal Bank of Scotland plc

By:     /s/  Alex Daw
Name:     Alex Daw
Title:     Director

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Allied Irish Banks, PLC

By:     /s/  David Smith
Name:     David Smith
Title:     Vice President

By:     /s/  Joseph Augustini
Name:     Joseph Augustini
Title:     Senior Vice President

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JPMORGAN CHASE BANK, N.A.

By:     /s/  Mohammad S. Hasan
Name:     Mohammad S. Hasan
Title:      Vice President

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Barclays Bank PLC

By:     /s/  Gregory Fishbein
Name:     Gregory Fishbein
Title:      Assistant Vice President 

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UBS AG, STAMFORD BRANCH

By:     /s/  Lana Gifas
Name:     Lana Gifas
Title:      Director

By:     /s/  Kenneth Chin
Name:     Kenneth Chin
Title:      Director 

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Bank of America, N.A.

By:     /s/  Justin Lien
Name:     Justin Lien
Title:      Director

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Capital One, N.A.

By:     /s/  Ross S. Wales
Name:     Ross S. Wales
Title:      Sr. Vice President

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Sumitomo Mitsui Banking Corporation

By:     /s/  William Karl
Name:     William Karl
Title:      General Manager

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Merrill Lynch Capital Services, Inc.

By:     /s/  Shawn Evinger
Name:     Shawn Evinger
Title:      Vice President 

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Acknowledged:

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent

By:     /s/  Peitty Chou
Name:     Peitty Chou

704099155 10089878SUBSCRIPTION AGREEMENT

THIS SUBSCRIPTION
AGREEMENT (this “Agreement”) is made as of the last date set forth on the signature page hereof between American
Strategic Minerals Corp., a Nevada corporation (the “Company”), and the undersigned (the “Subscriber”).

W I T N E S S E T H:

WHEREAS,
the Company is offering ______ units (the “Units,” and the transaction, the “Offering”),
each Unit consisting of two shares of common stock, par value $0.0001 per share (the “Shares” or the “Common
Stock”) and one five-year warrant to purchase one share of Common Stock substantially in the form of Exhibit A
attached hereto (the “Warrants”) exercisable at $0.60 per share at a price of $0.80 per Unit purchased in the
Offering (the “Offering Price”). The Offering is being made exclusively to accredited investors pursuant to
an exemption from registration provided under Section 4(2) of the Securities Act of 1933, as amended (the “Securities
Act”) and Rule 506 promulgated thereunder or under Rule 903 of Regulation S promulgated thereunder; and

WHEREAS,
the Subscriber desires to purchase that number of Units set forth on the signature page hereof on the terms and conditions hereinafter
set forth.

NOW, THEREFORE,
in consideration of the premises and the mutual representations and covenants hereinafter set forth, the parties hereto do hereby
agree as follows:

		I.	SUBSCRIPTION FOR UNITS AND REPRESENTATIONS BY SUBSCRIBER

1.1               
Subject to the terms and conditions hereinafter set forth and in the Information Package (as
defined below) the Subscriber hereby irrevocably subscribes for and agrees to purchase from the Company, and the Company agrees
to sell to the Subscriber, such number of Units as is set forth on the signature page hereof, at a per Unit price equal to $0.80
per Unit. The delivery of funds by Subscriber to the account set forth in Exhibit B, shall be governed by the terms
of the Escrow Agreement substantially in the form as attached hereto as Exhibit C (the “Escrow Agreement”).
Within a commercially reasonable time after the execution and delivery of this Agreement, the Subscriber
shall deposit the aggregate Offering Price to be held in escrow in accordance with the terms of the Escrow Agreement. In the event
the Closing (as defined below) does not take place because of (i) the rejection of the Subscriber’s subscription for Units
by the Company; or (ii) termination of the Offering by the Company; or (iii) failure to effectuate a Closing on the Units subscribed
by the Subscriber or prior to January 15, 2013 (as may be extended by the Board of Directors of the Company) (the “Termination
Date”) for any reason or no reason, unless waived by the Subscriber, this Agreement and any other transaction documents
shall thereafter be terminated and have no force or effect, and the parties shall take all steps, including the execution of instructions
to the escrow agent, to ensure that the funds held in accordance with the Escrow Agreement shall promptly be returned to the Subscriber.
The Subscriber understands and agrees that, subject to Section 2 and applicable laws, by executing this Agreement, it is entering
into a binding agreement. 

1.2               
The closing of the purchase and sale of the Units hereunder shall take place at the offices
of Sichenzia Ross Friedman Ference LLP, 61 Broadway, 32nd Floor, New York, NY 10006 or such other place as determined
by the Company. The Closing shall take place on a Business Day promptly following the satisfaction of the conditions set forth
in Section IV below, as determined by the Company (the “Closing Date”). The Company may hold an initial closing
(“Initial Closing”) at any time after the receipt of accepted subscriptions of at least $1,000,000 (the “Minimum
Offering”). After the Initial Closing, subsequent closings with respect to additional Units may take place at any time
prior to the Termination Date as determined by the Company, with respect to subscriptions accepted prior to the Termination Date
(each such closing, together with the Initial Closing, being referred to as a “Closing”). The last Closing of
the Offering, occurring on or prior to the Termination Date, shall be referred to as the “Final Closing” and
the date of such Final Closing shall be referred to as the “Final Closing Date.” Any subscription documents
or funds received after the Final Closing will be returned, without interest or deduction. In the event that the any Closing does
not occur prior to the Termination Date, all amounts paid by the Subscriber shall be returned to the Subscriber, without interest
or deduction. The term “Business Day” shall mean from the hours of 9:00 a.m. (Eastern Time) through 5:00 p.m.
(Eastern Time) of a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized
or required to be closed. The Shares and Warrants purchased by the Subscriber will be delivered by the Company promptly following
the Closing. At the Closing, the Company shall deliver: (i) irrevocable instructions to the transfer agent instructing the transfer
agent to deliver the Shares and (ii) cause the Warrants to be prepared and duly executed by the Company. At the Closing, the Subscriber
shall deliver to the Company the Registration Rights Agreement duly executed by the Subscriber. The Subscriber acknowledges and
recognizes that, in connection with the sale of the Units hereunder, the Company has agreed to pay Palladium Capital Advisors LLC
(“Palladium”) a placement agency fee of $5,000 cash in connection with the Offering. Additionally, the Subscriber acknowledges
and recognizes that on November 14, 2012, the Company acquired, through a Share Exchange Agreement, all of the issued and outstanding
capital of Sampo IP, LLC (“Sampo”), a privately held Virginia limited liability company (the “Share Exchange
Transaction”). The Subscriber further acknowledges and recognizes that Palladium was a member of Sampo and received 750,000
shares of the Company’s Common Stock in connection with the Share Exchange Transaction. The Subscriber represents that it
has carefully reviewed the Current Report on Form 8-K filed on November 20, 2012, as well as all exhibits annexed thereto, describing
the Share Exchange Transaction.

     

     

    
 

1.3               
The Subscriber recognizes that the purchase of the Units involves a high degree of risk including,
but not limited to, the following: (a) the Company remains a development stage business with limited operating history and requires
substantial funds in addition to the proceeds of the Offering; (b) an investment in the Company is highly speculative, and only
investors who can afford the loss of their entire investment should consider investing in the Company and the Units; (c) the Subscriber
may not be able to liquidate its investment; (d) transferability of the Units (Shares and Warrants) is extremely limited; (e) in
the event of a disposition, the Subscriber could sustain the loss of its entire investment; (f) the Company has not paid any dividends
since its inception and does not anticipate paying any dividends in the foreseeable future; (g) the Company may issue additional
securities in the future which have rights and preferences that are senior to those of the Common Stock; and (h) those additional
risks described in the Disclosure Addendum annexed hereto (the “Risk Factor Addendum”). Without limiting the generality
of the representations set forth herein, the Subscriber represents that the Subscriber has carefully reviewed the Company’s
reports and filings with the United States Securities and Exchange Commission (the “SEC”), including without limitation,
the Company’s: (i) Annual Report on Form 10-K filed on December 14, 2011, (ii) Quarterly Reports on Form 10-Q filed on May
15, 2012 (as amended on August 24, 2012) and August 20, 2012 (as amended on September 12, 2012 and September 13, 2012), (iii) Current
Reports on Form 8-K filed on January 5, 2012, January 31, 2012 (as amended on March 14, 2012 and April 10, 2012), February 3, 2012
(as amended on March 14, 2012), February 15, 2012, March 15, 2012, March 23, 2012, June 15, 2012, June 27, 2012, August 7, 2012,August
23, 2012 and November 20, 2012, (iv) Form 8-A filed on April 12, 2012 and the Risk Factor Addendum (collectively, the “Information
Package”). The foregoing reports contained in the Information Package are available on the SEC’s website at www.sec.gov.

1.4               
The Subscriber is, and on each date on which the Subscriber continues to own restricted securities
from the Offering will be, an “Accredited Investor” as defined in Rule 501(a) under the Securities Act. In general,
an “Accredited Investor” is deemed to be an institution with assets in excess of $5,000,000 or individuals with a net
worth in excess of $1,000,000 (excluding such person’s principal residence) or annual income exceeding $200,000 or $300,000
jointly with his or her spouse. Notwithstanding the foregoing, if the Subscriber is a Non-U.S. Person (a “Reg S Person”),
such Subscriber hereby represents that the representations contained in paragraphs (a) through (g) of this Section 1.4 are
true and correct with respect to such Subscriber:

(a)the issuance
and sale to such Reg S Person of the Units is intended to be exempt from the registration requirements of the Securities Act, pursuant
to the provisions of Regulation S; (ii) it is not a “U.S. Person,” as such term is defined in Regulation S, and is
not acquiring the Units for the account or benefit of any U.S. Person; and (iii) the offer and sale of the Units has not taken
place, and is not taking place, within the United States of America or its territories or possessions. Such Reg S Person acknowledges
that the offer and sale of the Units has taken place, and is taking place in an “offshore transaction,” as such term
is defined in Regulation S.

(b)Such
Reg S Person acknowledges and agrees that, pursuant to the provisions of Regulation S, the Units (including the underlying
Shares and Warrants) cannot be sold, assigned, transferred, conveyed, pledged or otherwise disposed
of to any U.S. Person or within the United States of America or its territories or possessions for a period of one year from and
after the closing date of the Offering, unless such securities are registered for sale in the
United States pursuant to an effective registration statement under the Securities Act or another exemption from such registration
is available. Such Reg S Person acknowledges that it has not engaged in any hedging transactions with regard to the Units
(or the underlying Shares and/or Warrants).

     

     

    
 

(c)Such Reg
S Person consents to the placement of a legend on any certificate or other document evidencing the securities comprising the Units
and understands that the Company shall be required to refuse to register any transfer of securities not made in accordance with
applicable U.S. securities laws.

(d)Such Reg
S Person is not a “distributor” of securities, as that term is defined in Regulation S, nor a dealer in securities.

(e)Such
Reg S Person understands that the Units (including the underlying Shares and Warrants) have not
been registered under the Securities Act, or the securities laws of any state and are subject to substantial restrictions on resale
or transfer. The Units, the Shares and the Warrants are “restricted securities” within
the meaning of Regulation S and Rule 144, promulgated under the Securities Act.

(f)Such
Reg S Person acknowledges that the Units (including the underlying Shares and Warrants) may only
be sold offshore in compliance with Regulation S or pursuant to an effective registration statement under the Securities Act or
another exemption from such registration, if available. In connection with any resale of the Units
pursuant to Regulation S, the Company will not register a transfer not made in accordance with Regulation S, pursuant to an effective
registration statement under the Securities Act or in accordance with another exemption from the Securities Act.

(g)Such
Reg S Person makes the representations, declarations and warranties as contained in this Section 1.4 with the intent that
the same shall be relied upon by the Company in determining its suitability as a purchaser of such Units.

 

1.5               
The Subscriber hereby acknowledges and represents that (a) the Subscriber has knowledge and
experience in business and financial matters, prior investment experience, including investment in securities that are non-listed,
unregistered and/or not traded on a national securities exchange or the Subscriber has employed the services of a “purchaser
representative” (as defined in Rule 501 of Regulation D), attorney and/or accountant to read all of the documents furnished
or made available by the Company both to the Subscriber and to all other prospective investors in the Units to evaluate the merits
and risks of such an investment on the Subscriber’s behalf; (b) the Subscriber recognizes the highly speculative nature of
this investment; and (c) the Subscriber is able to bear the economic risk that the Subscriber hereby assumes.

1.6               
The Subscriber hereby acknowledges receipt and careful review of this Agreement, and any documents
which may have been made available upon request as reflected therein (collectively referred to with the Information Package as
the “Offering Materials”) and hereby represents that the Subscriber has been furnished by the Company during
the course of the Offering with all information regarding the Company, the terms and conditions of the Offering and any additional
information that the Subscriber has requested or desired to know, and has been afforded the opportunity to ask questions of and
receive answers from duly authorized officers or other representatives of the Company concerning the Company and the terms and
conditions of the Offering. Specifically, the Subscriber accepts and understands that the Company may effect a two (2) for three
(3) reverse split of its shares of common stock at any time until September 30, 2013 and the Subscriber expressly consents to such
reverse split being effectuated by its execution of this Agreement.

1.7               
(a)In making the decision to invest in the Units the Subscriber has relied solely upon
the information provided by the Company in the Offering Materials. To the extent necessary, the Subscriber has retained, at its
own expense, and relied upon appropriate professional advice regarding the investment, tax and legal merits and consequences of
this Agreement and the purchase of the Units hereunder. The Subscriber disclaims reliance on any statements made or information
provided by any person or entity in the course of Subscriber’s consideration of an investment in the Units other than the
Offering Materials. 

     

     

    
 

(b)The
Subscriber represents and warrants that: (i) the Subscriber was contacted regarding the sale of the Units by the Company (or an
authorized agent or representative thereof) with whom the Subscriber had a prior substantial pre-existing relationship and (ii)
no Units were offered or sold to it by means of any form of general solicitation or general advertising, and in connection therewith,
the Subscriber did not (A) receive or review any advertisement, article, notice or other communication published in a newspaper
or magazine or similar media or broadcast over television or radio, whether closed circuit, or generally available; or (B) attend
any seminar meeting or industry investor conference whose attendees were invited by any general solicitation or general advertising;
or (C) observe any website or filing of the Company with the SEC in which any offering of securities by the Company was described
and as a result learned of any offering of securities by the Company.

1.8               
The Subscriber hereby represents that the Subscriber, either by reason of the Subscriber’s
business or financial experience or the business or financial experience of the Subscriber’s professional advisors (who are
unaffiliated with and not compensated by the Company or any affiliate of the Company, directly or indirectly), has the capacity
to protect the Subscriber’s own interests in connection with the transaction contemplated hereby.

1.9               
The Subscriber hereby acknowledges that the Offering has not been reviewed by the SEC nor
any state regulatory authority since the Offering is intended to be exempt from the registration requirements of Section 5 of the
Securities Act, pursuant to Regulation D. The Subscriber understands that the Units have not been registered under the Securities
Act or under any state securities or “blue sky” laws and agrees not to sell, pledge, assign or otherwise transfer or
dispose of the Units unless they are registered under the Securities Act and under any applicable state securities or “blue
sky” laws or unless an exemption from such registration is available.

1.10           
The Subscriber understands that the Units have not been registered under the Securities Act
by reason of a claimed exemption under the provisions of the Securities Act that depends, in part, upon the Subscriber’s
investment intention. In this connection, the Subscriber hereby represents that the Subscriber is purchasing the Units for the
Subscriber’s own account for investment and not with a view toward the resale or distribution to others. The Subscriber,
if an entity, further represents that it was not formed for the purpose of purchasing the Units.

1.11           
The Subscriber understands that the Common Stock is not currently traded or quoted on any
market and that there is no market for the Common Stock other than the over the counter bulletin board or OTC Markets market on
which the Company’s Common Stock is quoted under the symbol “ASMC”. The Subscriber understands that even if a
public market develops for the Common Stock, Rule 144 (“Rule 144”) promulgated under the Securities Act requires
for non-affiliates, among other conditions, a six month holding period prior to the resale of securities acquired in a non-public
offering without having to satisfy the registration requirements under the Securities Act provided the other requirements of Rule
144 are available at the time of sale (such as availability of current public information concerning the Company). The Subscriber
understands and hereby acknowledges that the Company is under no obligation to register any of the Units under the Securities Act
or any state securities or “blue sky” laws other than as set forth herein. 

1.12           
The Subscriber consents to the placement of a legend on any certificate or other document
evidencing the Units (including the underlying Shares and Warrants) that such Units have not been registered under the Securities
Act or any state securities or “blue sky” laws and setting forth or referring to the restrictions on transferability
and sale thereof contained in this Agreement. The Subscriber is aware that the Company will make a notation in its appropriate
records with respect to the restrictions on the transferability of such Units. The legend to be placed on each certificate shall
be in form substantially similar to the following:

For U.S. Persons:

THE SECURITIES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS. SUCH SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES AND MAY NOT
BE OFFERED FOR SALE, SOLD, DELIVERED AFTER SALE, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT FILED BY THE ISSUER WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION COVERING SUCH SECURITIES UNDER THE SECURITIES ACT
OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED.

     

     

    
 

For Non-U.S.
Persons

THESE SECURITIES
WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”) PURSUANT TO REGULATION S UNDER THE SECURITIES ACT. ACCORDINGLY, NONE
OF THE SECURITIES TO WHICH THIS CERTIFICATE RELATES HAVE BEEN REGISTERED UNDER THE SECURITIES ACT, OR ANY U.S. STATE SECURITIES
LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS (AS
DEFINED IN REGULATION S PROMULGATED UNDER THE SECURITIES ACT) EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT
TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN EACH CASE
ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE
CONDUCTED UNLESS IN ACCORDANCE WITH THE SECURITIES ACT.

 

1.13           
The Subscriber understands that the Company will review this Agreement and is hereby given
authority by the Subscriber to call Subscriber’s bank or place of employment or otherwise review the financial standing of
the Subscriber; and it is further agreed that the Company, at its sole discretion, reserves the unrestricted right, without further
documentation or agreement on the part of the Subscriber, to reject or limit any subscription, to accept subscriptions for fractional
Units and to close the Offering to the Subscriber at any time and that the Company will issue stop transfer instructions to its
transfer agent with respect to such Units.

1.14           
The Subscriber hereby represents that the address of the Subscriber furnished by Subscriber
on the signature page hereof is the Subscriber’s principal residence if Subscriber is an individual or its principal business
address if it is a corporation or other entity.

1.15           
The Subscriber represents that the Subscriber has full power and authority (corporate, statutory
and otherwise) to execute and deliver this Agreement and to purchase the Units. This Agreement constitutes the legal, valid and
binding obligation of the Subscriber, enforceable against the Subscriber in accordance with its terms.

1.16           
If the Subscriber is a corporation, partnership, limited liability company, trust, employee
benefit plan, individual retirement account, Keogh Plan, or other tax-exempt entity, it is authorized and qualified to invest in
the Company and the person signing this Agreement on behalf of such entity has been duly authorized by such entity to do so.

1.17           
The Subscriber acknowledges that if he or she is a Registered Representative of a Financial
Industry Regulatory Authority (“FINRA”) member firm, he or she must give such firm the notice required by the
FINRA’s Rules of Fair Practice, receipt of which must be acknowledged by such firm in Section 7.4 below.

1.18           
The Subscriber acknowledges that at such time, if ever, as the Shares or Warrants are registered
under the Securities Act, sales of the Shares or Warrants will be subject to state securities laws.

1.19           
(a)The Subscriber agrees not to issue any public statement with respect to the Subscriber’s
investment or proposed investment in the Company or the terms of any agreement or covenant between them and the Company without
the Company’s prior written consent, except such disclosures as may be required under applicable law or under any applicable
order, rule or regulation.

(b)                
The Company agrees not to disclose the names, addresses or any other information about the
Subscribers, except as required by law; provided, that the Company may use the name of the Subscriber for any offering or in any
registration statement filed pursuant to Article V in which the Subscriber’s Units (Shares or Warrants) are included.

     

     

    
 

1.20           
The Subscriber agrees to hold the Company and its directors, officers, employees, affiliates,
controlling persons and agents and their respective heirs, representatives, successors and assigns harmless and to indemnify them
against all liabilities, costs and expenses incurred by them as a result of (a) any sale or distribution of the Units by the Subscriber
in violation of the Securities Act or any applicable state securities or “blue sky” laws; or (b) any false representation
or warranty or any breach or failure by the Subscriber to comply with any covenant made by the Subscriber in this Agreement (including
the Confidential Investor Questionnaire contained in Article VII herein) or any other document furnished by the Subscriber to any
of the foregoing in connection with this transaction.

 

		II.	REPRESENTATIONS BY AND COVENANTS OF THE COMPANY

The Company hereby
represents and warrants to the Subscriber that:

2.1               
Organization, Good Standing and Qualification. The Company is a corporation duly organized,
validly existing and in good standing under the laws of the State of Nevada and has full corporate power and authority to conduct
its business.

2.2               
Capitalization and Voting Rights. The authorized, issued and outstanding capital stock
of the Company is as set forth in the Information Package1
and all issued and outstanding shares of the Company are validly issued, fully paid and non-assessable. Except as set forth
in the Offering Materials and as otherwise required by law, there are no restrictions upon the voting or transfer of any of the
shares of capital stock of the Company pursuant to the Company’s Articles of Incorporation (the “Articles of Incorporation”),
Bylaws or other governing documents or any agreement or other instruments to which the Company is a party or by which the Company
is bound.

2.3               
Authorization; Enforceability. The Company has all corporate right, power and authority
to enter into this Agreement and to consummate the transactions contemplated hereby. All corporate action on the part of the Company,
its directors and stockholders necessary for the (a) authorization execution, delivery and performance of this Agreement by the
Company; and (b) authorization, sale, issuance and delivery of the Units contemplated hereby and the performance of the Company’s
obligations hereunder has been taken. This Agreement has been duly executed and delivered by the Company and constitutes a legal,
valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, subject to laws of general
application relating to bankruptcy, insolvency and the relief of debtors and rules of law governing specific performance, injunctive
relief or other equitable remedies, and to limitations of public policy. The Shares when issued and fully paid for in accordance
with the terms of this Agreement, and Shares issued pursuant to the terms of the Warrants when exercised in accordance with the
terms of such Warrants, will be validly issued, fully paid and nonassessable. The issuance and sale of the Units contemplated hereby
will not give rise to any preemptive rights or rights of first refusal on behalf of any person which have not been waived in connection
with this offering.

2.4               
No Conflict; Governmental Consents.

(a)                
The execution and delivery by the Company of this Agreement and the consummation of the transactions
contemplated hereby will not result in the violation of any material law, statute, rule, regulation, order, writ, injunction, judgment
or decree of any court or governmental authority to or by which the Company is bound, or of any provision of the Articles of Incorporation
or Bylaws of the Company, and will not conflict with, or result in a material breach or violation of, any of the terms or provisions
of, or constitute (with due notice or lapse of time or both) a default under, any lease, loan agreement, mortgage, security agreement,
trust indenture or other agreement or instrument to which the Company is a party or by which it is bound or to which any of its
properties or assets is subject, nor result in the creation or imposition of any lien upon any of the properties or assets of the
Company.

__________________________

1
A reverse-split of the Company’s Common Stock is contemplated to occur before September 30, 2013. All amounts set forth herein
are prior to giving effect to the contemplated reverse split. Selected portions of the Offering Materials provide information regarding
the reverse split and the pro forma effect on the capitalization of the Company.

 

     

     

    
 

(b)                
No consent, approval, authorization or other order of any governmental authority is required
to be obtained by the Company in connection with the authorization, execution and delivery of this Agreement or with the authorization,
issue and sale of the Units, except such filings as may be required to be made with the SEC, FINRA, NASDAQ and with any state or
foreign blue sky or securities regulatory authority.

		III.	TERMS OF SUBSCRIPTION

3.1               
All funds paid hereunder shall be deposited with the Company pursuant to the terms of the
Escrow Agreement. 

3.2               
Certificates representing the Shares and the Warrants purchased by the Subscriber pursuant
to this Agreement will be prepared for delivery to the Subscriber within 30 business days following the closing at which such purchase
takes place. The Subscriber hereby authorizes and directs the Company to deliver the certificates representing the Shares and the
Warrants purchased by the Subscriber pursuant to this Agreement directly to the Subscriber’s residential or business address
indicated on the signature page hereto. 

		IV.	CONDITIONS TO OBLIGATIONS OF THE SUBSCRIBERS

4.1               
The Subscriber’s obligation to purchase the Units at the closing at which such purchase
is to be consummated is subject to the fulfillment on or prior to such closing of the following conditions, which conditions may
be waived at the option of each Subscriber to the extent permitted by law:

(a)                
Covenants. All covenants, agreements and conditions contained in this Agreement to
be performed by the Company on or prior to the date of such closing shall have been performed or complied with in all material
respects.

(b)                
No Legal Order Pending. There shall not then be in effect any legal or other order
enjoining or restraining the transactions contemplated by this Agreement.

(c)                
No Law Prohibiting or Restricting Such Sale. There shall not be in effect any law,
rule or regulation prohibiting or restricting such sale or requiring any consent or approval of any person, which shall not have
been obtained, to issue the Units (except as otherwise provided in this Agreement).

v.
REGISTRATION RIGHTS. The Company will file a “resale” registration statement with the
SEC covering all shares of Common Stock included within the Units sold in the Offering and underlying any Warrants, so that the
shares of Common Stock will be registered under the Securities Act pursuant to a Registration Rights Agreement substantially in
the form of Exhibit D annexed hereto. The Company will maintain the effectiveness of the “resale” registration
statement from the effective date of the registration statement until all Registrable Securities (as defined in the Registration
Rights Agreement) covered by such registration statement have been sold, or may be sold without the requirement to be in compliance
with Rule 144(c)(1) and otherwise without restriction or limitation pursuant to Rule 144, as determined by the counsel to the Company.

		VI.	MISCELLANEOUS

6.1               
Any notice or other communication given hereunder shall be deemed sufficient if in writing
and sent by registered or certified mail, return receipt requested, or delivered by hand against written receipt therefor, addressed
as follows:

     

     

    
 

if to the
Company, at:

American Strategic Minerals Corp

2331 Mill Road, Suite 100

Alexandria, VA 22314

Attn: Doug Croxall, Chief Executive Officer

 

With a copy to (which shall not constitute notice):

 

Sichenzia Ross Friedman Ference LLP

61 Broadway, 32nd Floor

New York, NY 10006

Attn: Harvey Kesner, Esq.

 

if to the Subscriber, to the Subscriber’s
address indicated on the signature page of this Agreement.

Notices shall be
deemed to have been given or delivered on the date of mailing, except notices of change of address, which shall be deemed to have
been given or delivered when received.

6.2               
Except as otherwise provided herein, this Agreement shall not be changed, modified or amended
except by a writing signed by both (a) the Company and (b) subscribers in the Offering holding a majority of the Units issued in
the Offering then held by the original Subscribers.

6.3               
Subject to anything contrary herein, this Agreement shall be binding upon and inure to the
benefit of the parties hereto and to their respective heirs, legal representatives, successors and assigns. This Agreement sets
forth the entire agreement and understanding between the parties as to the subject matter hereof and merges and supersedes all
prior discussions, agreements and understandings of any and every nature among them.

6.4               
Upon the execution and delivery of this Agreement by the Subscriber, this Agreement shall
become a binding obligation of the Subscriber with respect to the purchase of Units as herein provided, subject, however, to the
right hereby reserved by the Company to enter into the same agreements with other subscribers and to add and/or delete other persons
as subscribers. 

6.5               
NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO,
THE PARTIES EXPRESSLY AGREE THAT ALL THE TERMS AND PROVISIONS HEREOF SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO SUCH STATE’S PRINCIPLES OF CONFLICTS OF LAW. IN THE EVENT THAT A JUDICIAL
PROCEEDING IS NECESSARY, THE SOLE FORUM FOR RESOLVING DISPUTES ARISING OUT OF OR RELATING TO THIS AGREEMENT IS THE COURTS OF THE
STATE OF NEW YORK IN AND FOR THE COUNTY OF NEW YORK OR THE FEDERAL COURTS FOR SUCH STATE AND COUNTY, AND ALL RELATED APPELLATE
COURTS, THE PARTIES HEREBY IRREVOCABLY CONSENT TO THE JURISDICTION OF SUCH COURTS AND AGREE TO SAID VENUE. 

6.6               
WAIVER OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY
ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE
LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND EXPRESSLY WAIVES FOREVER TRIAL BY JURY.

6.7               
In order to discourage frivolous claims the parties agree that unless a claimant in any proceeding
arising out of this Agreement succeeds in establishing his claim and recovering a judgment against another party (regardless of
whether such claimant succeeds against one of the other parties to the action), then the other party shall be entitled to recover
from such claimant all of its/their reasonable legal costs and expenses relating to such proceeding and/or incurred in preparation
therefor.

     

     

    
 

6.8               
The holdings of any provision of this Agreement to be invalid or unenforceable by a court
of competent jurisdiction shall not affect any other provision of this Agreement, which shall remain in full force and effect.
If any provision of this Agreement shall be declared by a court of competent jurisdiction to be invalid, illegal or incapable of
being enforced in whole or in part, such provision shall be interpreted so as to remain enforceable to the maximum extent permissible
consistent with applicable law and the remaining conditions and provisions or portions thereof shall nevertheless remain in full
force and effect and enforceable to the extent they are valid, legal and enforceable, and no provisions shall be deemed dependent
upon any other covenant or provision unless so expressed herein.

6.9               
It is agreed that a waiver by either party of a breach of any provision of this Agreement
shall not operate, or be construed, as a waiver of any subsequent breach by that same party.

6.10           
The parties agree to execute and deliver all such further documents, agreements and instruments
and take such other and further action as may be necessary or appropriate to carry out the purposes and intent of this Agreement.

6.11           
This Agreement may be executed in two or more counterparts each of which shall be deemed an
original, but all of which shall together constitute one and the same instrument.

6.12           
Nothing in this Agreement shall create or be deemed to create any rights in any person or
entity not a party to this Agreement.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

     

     

    

		VII.	CONFIDENTIAL INVESTOR QUESTIONNAIRE

7.1               
The Subscriber represents and warrants that he, she or it comes within one category marked
below, and that for any category marked, he, she or it has truthfully set forth, where applicable, the factual basis or reason
the Subscriber comes within that category. ALL INFORMATION IN RESPONSE TO THIS SECTION WILL BE KEPT STRICTLY CONFIDENTIAL. The
undersigned agrees to furnish any additional information which the Company deems necessary in order to verify the answers set forth
below.

	Category A ___	The undersigned is an individual (not a partnership, corporation, etc.) whose individual net worth, or joint net worth with his or her spouse, presently exceeds $1,000,000 (excluding his or her principal residence).
	 	 
	 	Explanation.  In calculating net worth you may include equity in personal property and real estate other than your principal residence, including your cash, short-term investments, stock and securities.  Equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property.
	 	 
	Category B ___	The undersigned is an individual (not a partnership, corporation, etc.) who had an income in excess of $200,000 in each of the two most recent years, or joint income with his or her spouse in excess of $300,000 in each of those years (in each case including foreign income, tax exempt income and full amount of capital gains and losses but excluding any income of other family members and any unrealized capital appreciation) and has a reasonable expectation of reaching the same income level in the current year.
	 	 
	Category C ___	The undersigned is a director or executive officer of the Company which is issuing and selling the Units.
	 	 
	Category D ___	The undersigned is a bank; a savings and loan association; insurance company; registered investment company; registered business development company; licensed small business investment company (“SBIC”); or employee benefit plan within the meaning of Title 1 of ERISA and (a) the investment decision is made by a plan fiduciary which is either a bank, savings and loan association, insurance company or registered investment advisor, or (b) the plan has total assets in excess of $5,000,000 or (c) is a self directed plan with investment decisions made solely by persons that are accredited investors. (describe entity)
	 	 
	 	 

 

	Category E ___	The undersigned is a private business development company as defined in section 202(a)(22) of the Investment Advisors Act of 1940. (describe entity)
	 	 
	 	 

 

	Category F ___	The undersigned is either a corporation, partnership, Massachusetts business trust, or non-profit organization within the meaning of Section 501(c)(3) of the Internal Revenue Code, in each case not formed for the specific purpose of acquiring the Units and with total assets in excess of $5,000,000. (describe entity)
	 	 
	 	 

 

     

     

    
 

	Category G ___	The undersigned is a trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Units, where the purchase is directed by a “sophisticated investor” as defined in Regulation 506(b)(2)(ii) under the Act.

 

	Category H ___	The undersigned is an entity (other than a trust) in which all of the equity owners are “accredited investors” within one or more of the above categories.  If relying upon this Category alone, each equity owner must complete a separate copy of this Agreement.  (describe entity)
	 	 
	 	 

 

	Category I ___	The undersigned is a Non-U.S. Person (a “Reg S Person”), and such Subscriber hereby represents that the representations contained in paragraphs (a) through (f) below are true and correct with respect to such undersigned Subscriber:

(a)the
issuance and sale to such Reg S Person of the Units is intended to be exempt from the registration requirements of the Securities
Act, pursuant to the provisions of Regulation S; (ii) it is not a “U.S. Person,” as such term is defined in Regulation
S, and is not acquiring the Units for the account or benefit of any U.S. Person; and (iii) the offer and sale of the Units has
not taken place, and is not taking place, within the United States of America or its territories or possessions. Such Reg S Person
acknowledges that the offer and sale of the Units has taken place, and is taking place in an “offshore transaction,”
as such term is defined in Regulation S.

(b)Such
Reg S Person acknowledges and agrees that, pursuant to the provisions of Regulation S, the Units (including the underlying
Shares and Warrants) cannot be sold, assigned, transferred, conveyed, pledged or otherwise disposed
of to any U.S. Person or within the United States of America or its territories or possessions for a period of one year from and
after the closing date of the Offering, unless such securities are registered for sale in the
United States pursuant to an effective registration statement under the Securities Act or another exemption from such registration
is available. Such Reg S Person acknowledges that it has not engaged in any hedging transactions with regard to the Units
(or the underlying Shares and Warrants).

(c)Such
Reg S Person consents to the placement of a legend on any certificate, note or other document evidencing the securities underlying
the Units and understands that the Company shall be required to refuse to register any transfer of securities not made in accordance
with applicable U.S. securities laws.

(d)Such
Reg S Person is not a “distributor” of securities, as that term is defined in Regulation S, nor a dealer in securities.

(e)Such
Reg S Person understands that the Units (including the underlying Shares and Warrants) have not
been registered under the Securities Act, or the securities laws of any state and are subject to substantial restrictions on resale
or transfer. The Units, the Shares and the Warrants are “restricted securities” within
the meaning of Regulation S and Rule 144, promulgated under the Securities Act.

(f)Such
Reg S Person acknowledges that the Units (including the underlying Shares and Warrants) may only
be sold offshore in compliance with Regulation S or pursuant to an effective registration statement under the Securities Act or
another exemption from such registration, if available. In connection with any resale of the Units
pursuant to Regulation S, the Company will not register a transfer not made in accordance with Regulation S, pursuant to an effective
registration statement under the Securities Act or in accordance with another exemption from the Securities Act.

 

     

     

    
 

	Category J ___	The undersigned is not within any of the categories above and is therefore not an accredited investor.
	 	The undersigned agrees that the undersigned will notify the Company at any time on or prior to the closing in the event that the representations and warranties in this Agreement shall cease to be true, accurate and complete 

 

 

7.2               
SUITABILITY (please answer each question)

(a)For an individual
Subscriber, please describe your current employment, including the company by which you are employed and its principal business:

 

	 	 
	 	 
	 	 
	 	 

 

(b)For an individual
Subscriber, please describe any college or graduate degrees held by you:

	 	 
	 	 
	 	 
	 	 

 

(c)For all Subscribers,
please list types of prior investments:

 

	 	 
	 	 
	 	 
	 	 

 

(d)For all Subscribers,
please state whether you have participated in other private placements before:

YES_______NO_______

(e)If your answer
to question (d) above was “YES”, please indicate frequency of such prior participation in private placements
of:

	 	
         

        Public

        Companies
	
         

        Private

        Companies
	
        Public or Private Companies

        with no, or insignificant,

        assets and operations

         

	Frequently	                                               	                                               	                                               
	Occasionally	                                               	                                               	                                               
	Never	                                               	                                               	                                               

 

(f)For individual
Subscribers, do you expect your current level of income to significantly decrease in the foreseeable future:

YES_______NO_______

     

     

    
 

(g)For trust,
corporate, partnership and other institutional Subscribers, do you expect your total assets to significantly decrease in the foreseeable
future:

YES_______NO_______

(h)For all Subscribers,
do you have any other investments or contingent liabilities which you reasonably anticipate could cause you to need sudden cash
requirements in excess of cash readily available to you:

YES_______NO_______

(i)For all Subscribers,
are you familiar with the risk aspects and the non-liquidity of investments such as the securities for which you seek to subscribe?

YES_______NO_______

(j) For all Subscribers,
do you understand that there is no guarantee of financial return on this investment and that you run the risk of losing your entire
investment?

YES_______NO_______

7.3               
MANNER IN WHICH TITLE IS TO BE HELD. (circle one)

(a)Individual Ownership

(b)Community Property

(c)Joint Tenant with Right of Survivorship
(both parties must sign)

(d)Partnership*

(e)Tenants in Common

(f)Company*

(g)Trust*

(h)Other*

*If Securities are
being subscribed for by an entity, the attached Certificate of Signatory must also be completed.

7.4               
FINRA AFFILIATION.

Are you affiliated or associated with
a FINRA member firm (please check one):

Yes _________No __________

If Yes, please describe:

_____________________________________________________________________________________

_____________________________________________________________________________________

_____________________________________________________________________________________

 

*If Subscriber is a Registered Representative
with an FINRA member firm, have the following acknowledgment signed by the appropriate party:

The undersigned FINRA member firm acknowledges
receipt of the notice required by Article 3, Sections 28(a) and (b) of the Rules of Fair Practice.

_________________________________

Name of FINRA Member Firm

 

By: ______________________________

Authorized Officer

 

Date: ____________________________

 

7.5               
The undersigned is informed of the significance to the Company of the foregoing representations
and answers contained in the Confidential Investor Questionnaire contained in this Article VII and such answers have been provided
under the assumption that the Company will rely on them.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

     

     

    

DOLLAR SUBSCRIPTION __________ / $0.80 =
______________ NUMBER OF UNITS

(EACH UNIT CONSISTING OF 2 SHARES AND A WARRANT
TO 

PURCHASE 1 SHARE OF COMMON STOCK)

MINIMUM SUBSCRIPTION
= $25,000 (31,250 UNITS)

 

	____________________________________	____________________________________
	Signature	Signature (if purchasing jointly)
	 	 
	____________________________________	____________________________________
	Name Typed or Printed	Name Typed or Printed
	 	 
	____________________________________	____________________________________
	Title (if Subscriber is an Entity)	Title (if Subscriber is an Entity)
	 	 
	____________________________________	____________________________________
	Entity Name (if applicable)	Entity Name (if applicable
	 	 
	____________________________________	____________________________________
	____________________________________	____________________________________
	Address	Address
	 	 
	____________________________________	____________________________________
	City, State and Zip Code	City, State and Zip Code
	 	 
	____________________________________	____________________________________
	Telephone-Business	Telephone-Business
	 	 
	____________________________________	____________________________________
	Telephone-Residence	Telephone-Residence
	 	 
	____________________________________	____________________________________
	Facsimile-Business	Facsimile-Business
	 	 
	____________________________________	____________________________________
	Facsimile-Residence	Facsimile-Residence
	 	 
	____________________________________	____________________________________
	Tax ID # or Social Security #	Tax ID # or Social Security #

 

Name in which securities should be issued:____________________________________

 

 

Dated:                                        , 2012

 

This Subscription
Agreement is agreed to and accepted as of ________________, 2012.

AMERICAN STRATEGIC
MINERALS CORP.

 

By:____________________________________

Name:Doug
Croxall

Title:Chief Executive Officer

 

     

     

    
 

CERTIFICATE OF SIGNATORY

 

(To be completed if Units are

being subscribed for by an entity)

 

 

I, ____________________________, am the ____________________________
of __________________________________________ (the “Entity”).

 

I certify that I am empowered and duly authorized
by the Entity to execute and carry out the terms of the Subscription Agreement and to purchase and hold the Units, and certify
further that the Subscription Agreement has been duly and validly executed on behalf of the Entity and constitutes a legal and
binding obligation of the Entity.

 

IN WITNESS WHEREOF, I have set my hand this
________ day of _________________, 2012.

 

_______________________________________

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