Document:

Quint Media Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

PROMISSORY NOTE AMENDMENT

     This Promissory Note Amendment
(this “Amendment”) is made and entered into as of August 31, 2013, by and
between Trels Investments, Ltd. (the “Noteholder”), having a principal
business address of 17 Gr. Xenopoulou Street, PO Box 54425, 3724 Limassol,
Cypress and Quint Media Inc. (the “Company”), with a principal business
address of 3250 NE 1st Ave., Suite 305, Miami, FL 33137.

RECITALS

     WHEREAS, the Noteholder is the
holder of a promissory note (the “Note”) dated May 6, 2011, made by the
Company, then known as PediatRx, Inc., to the order of the Noteholder in the
principal amount of $250,000;

     WHEREAS the Note, which had an
original maturity date of May 6, 2012, has previously been amended to extend the
original maturity date, with the most recent amendment, dated July 25, 2012,
extending the maturity date to December 31, 2012.

     WHEREAS, the Company and the
Noteholder desire to further extend the maturity date of the Note to June 30,
2014 and, effective September 1, 2013, decrease the current interest rate from
twelve percent (12%) per annum to seven percent (7%) per annum.

     NOW, THEREFORE, in consideration
of the premises and the mutual covenants and promises contained in this
Amendment, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

1.1 Effective September 1, 2013, the maturity date of the Note
is hereby extended to June 30, 2014.

1.2 Effective September 1, 2013, the interest rate on the
outstanding principal balance of the Note shall be reduced from twelve percent
(12%) per annum to seven percent (7%) per annum.

1.3 Except as expressly amended by this Amendment, the parties
hereto acknowledge that the Note is in good standing as at the date of this
Amendment.

IN WITNESS WHEREOF, this Agreement has been executed by the
Company and the Noteholder as of the date first above written.

	QUINT MEDIA INC. 	 	TRELS INVESTMENTS, LTD.
    
	 	 	 	 
	By: 		 	By: 	
	 	 	 	 	 
	Name: 	Constantin Dietrich 	 	Name: 	
	 	 	 	 	 
	Title: 	President and Chief Executive Officer 	 	Title:Quint Media Inc.: Exhibit 10.3 - Filed by newsfilecorp.com

PROMISSORY NOTE AMENDMENT

     This Promissory Note Amendment
(this “Amendment”) is made and entered into as of August 31, 2013, by and
between Trels Investments, Ltd. (the “Noteholder”), having a principal
business address of 17 Gr. Xenopoulou Street, PO Box 54425, 3724 Limassol,
Cypress and Quint Media Inc. (the “Company”), with a principal business
address of 3250 NE 1st Ave., Suite 305, Miami, FL 33137.

RECITALS

     WHEREAS, the Noteholder is the
holder of a promissory note (the “Note”) dated June 15, 2009, made by the
Company, then known as Striker Energy Corp., to the order of the Noteholder in
the principal amount of $50,000;

     WHEREAS the Note, which had an
original maturity date of June 15, 2011, has previously been amended to extend
the original maturity date, with the most recent amendment, dated July 25, 2012,
extending the maturity date to December 31, 2012.

     WHEREAS, the Company and the
Noteholder desire to further extend the maturity date of the Note to June 30,
2014 and, effective September 1, 2013, decrease the current interest rate from
twelve percent (12%) per annum to seven percent (7%) per annum.

     NOW, THEREFORE, in consideration
of the premises and the mutual covenants and promises contained in this
Amendment, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

	1.1 	
      Effective September 1, 2013, the maturity date of the
      Note is hereby extended to June 30, 2014.

	 	 
	1.2 	
      Effective September 1, 2013, the interest rate on the
      outstanding principal balance of the Note shall be reduced from twelve
      percent (12%) per annum to seven percent (7%) per annum.

	 	 
	1.3 	
      Except as expressly amended by this Amendment, the
      parties hereto acknowledge that the Note is in good standing as at the
      date of this Amendment.

IN WITNESS WHEREOF, this Agreement has been executed by the
Company and the Noteholder as of the date first above written.

	QUINT MEDIA INC. 	 	TRELS INVESTMENTS, LTD.
    
	 	 	 	 	 
	By: 		 	By: 	
	 	 	 	 	 
	Name: 	Constantin Dietrich 	 	Name: 	
	 	 	 	 	 
	Title: 	President and Chief Executive Officer 	 	Title:Liberty Star Uranium & Metals Corp.: Exhibit 10.2 - Filed by newsfilecorp.com

INVESTMENT AGREEMENT

     This INVESTMENT AGREEMENT (the
“Agreement”), dated as of August 20, 2013 (the “Execution Date”),
is entered into by and between Liberty Star Uranium & Metals Corp., a Nevada
corporation with its principal executive office at 5610 E Sutler Lane, Tucson,
Arizona 85712 (the “Company”), and KVM Capital Partners LLC, a New York
limited liability company (the “Investor”), with its principal executive
officers at 25315 60th Avenue, Suite 200, Little Neck, NY 11362. 

RECITALS:

     WHEREAS, the parties desire that,
upon the terms and subject to the conditions contained herein, the Investor
shall invest up to Eight Million Dollars ($8,000,000) to purchase the Company’s
common stock par value $0.00001 per share (the “Common Stock”); 

     WHEREAS, such investments will be
made in reliance upon the exemption from securities registration afforded by
Section 4(2) of the Securities Act of 1933, as amended (the “1933 Act”),
Rule 506 of Regulation D promulgated by the SEC under the 1933 Act, and/or upon
such other exemption from the registration requirements of the 1933 Act as may
be available with respect to any or all of the investments in Common Stock to be
made hereunder; and 

     WHEREAS, contemporaneously with
the execution and delivery of this Agreement, the parties hereto are executing
and delivering a Registration Rights Agreement substantially in the form
attached hereto as Exhibit A (the “Registration Rights Agreement”)
pursuant to which the Company has agreed to provide certain registration rights
under the 1933 Act, and the rules and regulations promulgated thereunder, and
applicable state securities laws. 

     NOW THEREFORE, in consideration
of the foregoing recitals, which shall be considered an integral part of this
Agreement, the covenants and agreements set forth hereafter, and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Company and the Investor hereby agree as follows: 

SECTION I. 
DEFINITIONS

     For all purposes of and under
this Agreement, the following terms shall have the respective meanings below,
and such meanings shall be equally applicable to the singular and plural forms
of such defined terms.

“1933 Act” shall have the
meaning set forth in the recitals.

“1934 Act” shall mean the
Securities Exchange Act of 1934, as amended, or any similar federal statute, and
the rules and regulations of the SEC thereunder, all as the same will then be in
effect.

“Affiliate” shall have the
meaning set forth in Section 5.7.

“Agreement” shall have the
meaning set forth in the preamble.

“Articles of Incorporation”
shall have the meaning set forth in Section 4.3.

“By-laws” shall have the meaning
set forth in Section 4.3.

“Closing” shall have the meaning
set forth in Section 2.4.

“Closing Date” shall have the
meaning set forth in Section 2.4.

“Common Stock” shall have the
meaning set forth in the recitals.

“Control” or “Controls”
shall have the meaning set forth in Section 5.7.

“Effective Date” shall mean the
date the SEC declares effective under the 1933 Act the Registration Statement
covering the Securities.

“Environmental Laws” shall have
the meaning set forth in Section 4.13.

“Execution Date” shall have the
meaning set forth in the preamble.

“Indemnified Liabilities” shall
have the meaning set forth in Section 10.

“Indemnitees” shall have the
meaning set forth in Section 10.

“Indemnitor” shall have the
meaning set forth in Section 10.

“Ineffective Period” shall mean
any period of time that the Registration Statement or any supplemental
registration statement becomes ineffective or unavailable for use for the sale
or resale, as applicable, of any or all of the Registrable Securities (as
defined in the Registration Rights Agreement) for any reason (or in the event
the prospectus under either of the above is not current and deliverable) during
any time period required under the Registration Rights Agreement.

“Investor” shall have the
meaning set forth in the preamble.

“Material Adverse Effect” shall
have the meaning set forth in Section 4.1.

“Maximum Common Stock Issuance”
shall have the meaning set forth in Section 2.5. “Open Market
Adjustment Amount” shall have the meaning set forth in Section 2.4.
“Open Market Share Purchase” shall have the meaning set forth in
Section 2.4.

“Open Period” shall mean the
period beginning on and including the Trading Day immediately following the
Effective Date and ending on the earlier to occur of (i) the date which is
thirty-six (36) months from the Effective Date; or (ii) termination of the
Agreement in accordance with Section 8.

“Pricing Period” shall mean,
with respect to a particular Put Notice, the Five (5) Trading Days immediately
prior to the applicable Put Notice Date.

“Principal Market” shall mean
the New York Stock Exchange, the NYSE Amex, the Nasdaq Capital Market, the
Nasdaq Global Market, the Nasdaq Global Select Market, the OTC Markets or the OTC Bulletin Board, whichever is
the principal market on which the Common Stock is listed.

“Prospectus” shall mean the
prospectus, preliminary prospectus and supplemental prospectus used in
connection with the Registration Statement.

“Purchase Amount” shall mean the
total amount being paid by the Investor on a particular Closing Date to purchase
the Securities.

“Purchase Price” shall mean a
twenty (20%) percent discount to the lowest volume weighted average price (VWAP)
of the Common Stock during the Pricing Period applicable to the Put Notice.

“Put” shall have the meaning set
forth in Section 2.2.

“Put Amount” shall have the
meaning set forth in Section 2.2.

“Put Notice” shall mean a
written notice sent to the Investor by the Company stating the Put Amount in
U.S. dollars that the Company intends to sell to the Investor pursuant to the
terms of the Agreement and stating the current number of Shares issued and
outstanding on such date.

“Put Notice Date” shall mean the
Trading Day on which the Investor receives a Put Notice, determined as follows:
a Put Notice shall be deemed delivered on (a) the Trading Day it is received by
facsimile or otherwise by the Investor if such notice is received prior to 9:30
am Eastern Time, or (b) the immediately succeeding Trading Day if it is received
by facsimile or otherwise after 9:30 am Eastern Time on a Trading Day. No Put
Notice may be deemed delivered on a day that is not a Trading Day. 

“Put Restriction” shall mean the
days between the beginning of the Pricing Period and Closing Date for a
particular Put Notice. During this time, the Company shall not be entitled to
deliver another Put Notice.

“Put Shares Due” shall have the
meaning set forth in Section 2.4.

“Registered Offering Transaction
Documents” shall mean this Agreement and the Registration Rights Agreement
between the Company and the Investor as of the date herewith.

“Registration Rights Agreement”
shall have the meaning set forth in the recitals.

“Registration Statement” means
the registration statement of the Company filed under the 1933 Act covering the
resale of the Securities issuable hereunder by the Investor, in the manner
described in such Registration Statement.

“Related Party” shall have the
meaning set forth in Section 5.7.

“Resolution” shall have the
meaning set forth in Section 7.5.

“SEC” shall mean the U.S.
Securities and Exchange Commission.

“SEC Documents” shall have the
meaning set forth in Section 4.6.

“Securities” shall mean the
shares of Common Stock issued pursuant to the terms of the Agreement.

“Shares” shall mean the shares
of the Company’s Common Stock.

“Subsidiaries” shall have the
meaning set forth in Section 4.1.

“Trading Day” shall mean any day
on which the Principal Market for the Common Stock is open for trading, from the
hours of 9:30 am until 4:00 pm.

“Waiting Period” shall have the
meaning set forth in Section 2.2. 

SECTION II
PURCHASE AND SALE OF COMMON
STOCK

     2.1 PURCHASE AND SALE OF
COMMON STOCK. Subject to the terms and conditions set forth herein, the
Company shall issue and sell to the Investor, and the Investor shall purchase
from the Company, up to that number of Shares having an aggregate Purchase Price
of Eight Million Dollars ($8,000,000).

     2.2 DELIVERY OF PUT
NOTICES. Subject to the terms and conditions of the Registered Offering
Transaction Documents, and from time to time during the Open Period, the Company
may, in its sole discretion, deliver a Put Notice to the Investor which states
the dollar amount (designated in U.S. Dollars), which the Company intends to
sell to the Investor on a Closing Date (the “Put”). The Put Notice shall
be in the form attached hereto as Exhibit C and incorporated herein by
reference. The maximum amount that the Company shall be entitled to Put to the
Investor per any applicable Put Notice (the “Put Amount”) shall be equal
to Two Hundred and Fifty percent (250%) of dollar trading volume (U.S. market
only) of up to $250,000 of the Common Stock for the Ten (10) Trading Days
immediately prior to the applicable Put Notice Date so long as such amount does
not exceed 4.99% of the outstanding shares of the Company. During the Open
Period, the Company shall not be entitled to submit a Put Notice until after the
previous Closing has been completed. 

     2.3 CONDITIONS TO INVESTOR’S
OBLIGATION TO PURCHASE SHARES. Notwithstanding anything to the contrary in
this Agreement, the Company shall not be entitled to deliver a Put Notice and
the Investor shall not be obligated to purchase any Shares at a Closing unless
each of the following conditions are satisfied: 

	 	i. 	
      a Registration Statement shall have been declared
      effective and shall remain effective and available for the resale of all
      the Registrable Securities (as defined in the Registration Rights
      Agreement) at all times until the Closing with respect to the subject Put
      Notice;

	 	 	 
	 	ii. 	
      at all times during the period beginning on the related
      Put Notice Date and ending on and including the related Closing Date, the
      Common Stock shall have been listed or quoted for trading on the Principal
      Market and shall not have been suspended from trading thereon for a period
      of two (2) consecutive Trading Days during the Open Period and the Company
      shall not have been notified of any pending or threatened proceeding or
      other action to suspend the trading of the Common Stock;

	 	 	 
	 	iii. 	
      the Company has complied with its obligations and is
      otherwise not in breach of or in default under, this Agreement, the
      Registration Rights Agreement or any other
agreement executed in connection herewith which has not been cured
    prior to delivery of the Investor’s Put Notice Date;

	 	iv. 	
      no injunction shall have been issued and remain in force,
      or action commenced by a governmental authority which has not been stayed
      or abandoned, prohibiting the purchase or the issuance of the Securities;
      and

	 	 	 
	 	v. 	
      the issuance of the Securities will not violate any
      shareholder approval requirements of the Principal
  Market.

     If any of the events described in
clauses (i) through (v) above occurs during a Pricing Period, then the Investor
shall have no obligation to purchase the Put Amount of Common Stock set forth in
the applicable Put Notice. 

     2.4 MECHANICS OF PURCHASE OF
SHARES BY INVESTOR. Subject to the satisfaction of the conditions set forth
in Sections 2.5, 7 and 8 of this Agreement, the closing of the purchase by the
Investor of Shares (a “Closing”) shall occur on the date which is no
later than three (3) Trading Days following the applicable Put Notice Date (each
a “Closing Date”). Upon each such Closing Date, the Company shall deliver
to the Investor pursuant to this Agreement, certificates representing the Shares
to be issued to the Investor on such date and registered in the name of the
Investor (the “Certificate”). Within one business day after receipt of
the Certificate, the Investor shall deliver to the Company the Purchase Price to
be paid for such Shares, determined as set forth in Section 2.2. In lieu
of delivering physical certificates representing the Securities and provided
that the Company’s transfer agent then is participating in The Depository Trust
Company (“DTC”) Fast Automated Securities Transfer (“FAST”)
program and that the Securities are eligible for inclusion in the FAST program,
upon request of the Investor, the Company shall use all commercially reasonable
efforts to cause its transfer agent to electronically transmit the Securities by
crediting the account of the Investor’s prime broker (as specified by the
Investor within a time reasonably in advance of the Investor’s notice) with DTC
through its Deposit Withdrawal Agent Commission (“DWAC”) system. 

     2.5 OVERALL LIMIT ON COMMON
STOCK ISSUABLE. Notwithstanding anything contained herein to the contrary,
if during the Open Period the Company becomes listed on an exchange that limits
the number of shares of Common Stock that may be issued without shareholder
approval, then the number of Shares issuable by the Company and purchasable by
the Investor, shall not exceed that number of the shares of Common Stock that
may be issuable without shareholder approval (the “Maximum Common Stock
Issuance”). If such issuance of shares of Common Stock could cause a
delisting on the Principal Market, then the Maximum Common Stock Issuance shall
first be approved by the Company’s shareholders in accordance with applicable
law and the By-laws and the Articles of Incorporation of the Company, if such
issuance of shares of Common Stock could cause a delisting on the Principal
Market. The parties understand and agree that the Company’s failure to seek or
obtain such shareholder approval shall in no way adversely affect the validity
and due authorization of the issuance and sale of Securities or the Investor’s
obligation in accordance with the terms and conditions hereof to purchase a
number of Shares in the aggregate up to the Maximum Common Stock Issuance
limitation, and that such approval pertains only to the applicability of the
Maximum Common Stock Issuance limitation provided in this Section
2.5.

     2.6 LIMITATION ON AMOUNT OF
OWNERSHIP. Notwithstanding anything to the contrary in this Agreement, in no
event shall the Investor be entitled to purchase that number of Shares, which
when added to the sum of the number of shares of Common Stock beneficially owned
(as such term is defined under Section 13(d) and Rule 13d-3 of the 1934 Act), by
the Investor, would exceed 4.99% of the number of shares of Common Stock outstanding on
the Closing Date, as determined in accordance with Rule 13d-1(j) of the 1934
Act. 

SECTION III
INVESTOR’S REPRESENTATIONS, WARRANTIES
AND COVENANTS

     The Investor represents and
warrants to the Company, and covenants, that: 

     3.1 SOPHISTICATED
INVESTOR. The Investor has, by reason of its business and financial
experience, such knowledge, sophistication and experience in financial and
business matters and in making investment decisions of this type that it is
capable of (I) evaluating the merits and risks of an investment in the
Securities and making an informed investment decision; (II) protecting its own
interest; and (III) bearing the economic risk of such investment for an
indefinite period of time. 

     3.2 AUTHORIZATION;
ENFORCEMENT. This Agreement has been duly and validly authorized, executed
and delivered on behalf of the Investor and is a valid and binding agreement of
the Investor enforceable against the Investor in accordance with its terms,
subject as to enforceability to general principles of equity and to applicable
bankruptcy, insolvency, reorganization, moratorium, liquidation and other
similar laws relating to, or affecting generally, the enforcement of applicable
creditors’ rights and remedies. 

     3.3 SECTION 9 OF THE 1934
ACT. During the term of this Agreement, the Investor will comply with the
provisions of Section 9 of the 1934 Act, and the rules promulgated thereunder,
with respect to transactions involving the Common Stock. The Investor agrees not
to sell the Company’s stock short, either directly or indirectly through its
affiliates, principals or advisors, the Company’s common stock during the term
of this Agreement. 

     3.4 ACCREDITED INVESTOR.
Investor is an “Accredited Investor” as that term is defined in Rule 501(a) of
Regulation D of the 1933 Act. 

     3.5 NO CONFLICTS. The
execution, delivery and performance of the Registered Offering Transaction
Documents by the Investor and the consummation by the Investor of the
transactions contemplated hereby and thereby will not result in a violation of
Partnership Agreement or other organizational documents of the Investor. 

     3.6 OPPORTUNITY TO
DISCUSS. The Investor has received all materials relating to the Company’s
business, finance and operations which it has requested. The Investor has had an
opportunity to discuss the business, management and financial affairs of the
Company with the Company’s management. 

     3.7 INVESTMENT PURPOSES.
The Investor is purchasing the Securities for its own account for investment
purposes and not with a view towards distribution and agrees to resell or
otherwise dispose of the Securities solely in accordance with the registration
provisions of the 1933 Act (or pursuant to an exemption from such registration
provisions). 

     3.8 NO REGISTRATION AS A
DEALER. The Investor is not and will not be required to be registered as a
“dealer” under the 1934 Act, either as a result of its execution and performance
of its obligations under this Agreement or otherwise. 

     3.9 GOOD STANDING. The
Investor is a limited liability company, duly organized, validly existing and in
good standing in the State of New York.

     3.10 TAX LIABILITIES. The
Investor understands that it is liable for its own tax liabilities.

     3.11 REGULATION M. The
Investor will comply with Regulation M under the 1934 Act, if applicable.

     3.12 NO SHORT SALES. No
short sales shall be permitted by the Investor or its affiliates during the
period commencing on the Execution Date and continuing through the termination
of this Agreement.

SECTION IV
REPRESENTATIONS AND WARRANTIES OF THE
COMPANY

     Except as set forth in the
Schedules attached hereto, or as disclosed on the Company’s SEC Documents, the
Company represents and warrants to the Investor that: 

     4.1 ORGANIZATION AND
QUALIFICATION. The Company is a corporation duly organized and validly
existing in good standing under the laws of the State of Nevada, and has the
requisite corporate power and authorization to own its properties and to carry
on its business as now being conducted. Both the Company and the companies it
owns or controls (“Subsidiaries”) are duly qualified to do business and
are in good standing in every jurisdiction in which its ownership of property or
the nature of the business conducted by it makes such qualification necessary,
except to the extent that the failure to be so qualified or be in good standing
would not have a Material Adverse Effect. As used in this Agreement,
“Material Adverse Effect” means a change, event, circumstance, effect or
state of facts that has had or is reasonably likely to have, a material adverse
effect on the business, properties, assets, operations, results of operations,
financial condition or prospects of the Company and its Subsidiaries, if any,
taken as a whole, or on the transactions contemplated hereby or by the
agreements and instruments to be entered into in connection herewith, or on the
authority or ability of the Company to perform its obligations under the
Registered Offering Transaction Documents. 

     4.2 AUTHORIZATION; ENFORCEMENT;
COMPLIANCE WITH OTHER INSTRUMENTS.

	 	i. 	
      The Company has the requisite corporate power and
      authority to enter into and perform this Investment Agreement and the
      Registration Rights Agreement (collectively, the “Registered Offering
      Transaction Documents”), and to issue the Securities in accordance
      with the terms hereof and thereof.

	 	 	 
	 	ii. 	
      The execution and delivery of the Registered Offering
      Transaction Documents by the Company and the consummation by it of the
      transactions contemplated hereby and thereby, including without limitation
      the issuance of the Securities pursuant to this Agreement, have been duly
      and validly authorized by the Company’s Board of Directors and no further
      consent or authorization is required by the Company, its Board of
      Directors, or its shareholders.

	 	 	 
	 	iii. 	
      The Registered Offering Transaction Documents have been
      duly and validly executed and delivered by the
Company.

	 	iv. 	
      The Registered Offering Transaction Documents constitute
      the valid and binding obligations of the Company enforceable against the
      Company in accordance with their terms, except as such enforceability may
      be limited by general principles of equity or applicable bankruptcy,
      insolvency, reorganization, moratorium, liquidation or similar laws
      relating to, or affecting generally, the enforcement of creditors’ rights
      and remedies.

     4.3 CAPITALIZATION. As of
the date hereof, the authorized capital stock of the Company consists of,
1,250,000,000 shares of the Common Stock, par value $0.00001 per share, of which
as of the date hereof, [ ] shares are issued and outstanding. All of such
outstanding shares have been, or upon issuance will be, validly issued and are
fully paid and nonassessable. 

     Except as disclosed in the
Company’s publicly available filings with the SEC or as otherwise set forth on
Schedule 4.3:

	 	i. 	
      no shares of the Company’s capital stock are subject to
      preemptive rights or any other similar rights or any liens or encumbrances
      suffered or permitted by the Company;

	 	 	 
	 	ii. 	
      there are no outstanding debt securities;

	 	 	 
	 	iii. 	
      there are no outstanding shares of capital stock,
      options, warrants, scrip, rights to subscribe to, calls or commitments of
      any character whatsoever relating to, or securities or rights convertible
      into, any shares of capital stock of the Company or any of its
      Subsidiaries, or contracts, commitments, understandings or arrangements by
      which the Company or any of its Subsidiaries is or may become bound to
      issue additional shares of capital stock of the Company or any of its
      Subsidiaries or options, warrants, scrip, rights to subscribe to, calls or
      commitments of any character whatsoever relating to, or securities or
      rights convertible into, any shares of capital stock of the Company or any
      of its Subsidiaries;

	 	 	 
	 	iv. 	
      there are no agreements or arrangements under which the
      Company or any of its Subsidiaries is obligated to register the sale of
      any of their securities under the 1933 Act (except the Registration Rights
      Agreement);

	 	 	 
	 	v. 	
      there are no outstanding securities of the Company or any
      of its Subsidiaries which contain any redemption or similar provisions,
      and there are no contracts, commitments, understandings or arrangements by
      which the Company or any of its Subsidiaries is or may become bound to
      redeem a security of the Company or any of its Subsidiaries;

	 	 	 
	 	vi. 	
      there are no securities or instruments containing
      anti-dilution or similar provisions that will be triggered by the issuance
      of the Securities as described in this Agreement;

	 	 	 
	 	vii. 	
      the Company does not have any stock appreciation rights
      or “phantom stock” plans or agreements or any similar plan or agreement;
      and

	 	 	 
	 	viii. 	
      there is no dispute as to the classification of any
      shares of the Company’s capital stock.

     The Company has furnished to the
Investor, or the Investor has had access through EDGAR to, true and correct
copies of the Company’s Articles of Incorporation, as in effect on the date
hereof (the “Articles of Incorporation”), and the Company’s By-laws, as
in effect on the date hereof (the “By-laws”), and the terms of all securities convertible
into or exercisable for Common Stock and the material rights of the holders
thereof in respect thereto. 

     4.4 ISSUANCE OF SHARES. As
of the Effective Date, the Company will have reserved the amount of Shares
included in the Registration Statement for issuance pursuant to the Registered
Offering Transaction Documents, which will have been duly authorized and
reserved (subject to adjustment pursuant to the Company’s covenant set forth in
Section 5.5 below) pursuant to this Agreement. Upon issuance in
accordance with this Agreement, the Securities will be validly issued, fully
paid for and non-assessable and free from all taxes, liens and charges with
respect to the issuance thereof. In the event the Company cannot reserve a
sufficient number of Shares for issuance pursuant to this Agreement, the Company
will use its best efforts to authorize and reserve for issuance the number of
Shares required for the Company to perform its obligations hereunder as soon as
reasonably practicable.

     4.5 NO CONFLICTS. The
execution, delivery and performance of the Registered Offering Transaction
Documents by the Company and the consummation by the Company of the transactions
contemplated hereby and thereby will not (i) result in a violation of the
Articles of Incorporation, any Certificate of Designations, Preferences and
Rights of any outstanding series of preferred stock of the Company or the
By-laws; or (ii) conflict with, or constitute a material default (or an event
which with notice or lapse of time or both would become a material default)
under, or give to others any rights of termination, amendment, acceleration or
cancellation of, any material agreement, contract, indenture mortgage,
indebtedness or instrument to which the Company or any of its Subsidiaries is a
party, or to the Company’s knowledge result in a violation of any law, rule,
regulation, order, judgment or decree (including United States federal and state
securities laws and regulations and the rules and regulations of the Principal
Market or principal securities exchange or trading market on which the Common
Stock is traded or listed) applicable to the Company or any of its Subsidiaries
or by which any property or asset of the Company or any of its Subsidiaries is
bound or affected. Neither the Company nor its Subsidiaries is in violation of
any term of, or in default under, the Articles of Incorporation, any Certificate
of Designations, Preferences and Rights of any outstanding series of preferred
stock of the Company or the By-laws or their organizational charter or by-laws,
respectively, or any contract, agreement, mortgage, indebtedness, indenture,
instrument, judgment, decree or order or any statute, rule or regulation
applicable to the Company or its Subsidiaries, except for possible conflicts,
defaults, terminations, amendments, accelerations, cancellations and violations
that would not individually or in the aggregate have or constitute a Material
Adverse Effect. The business of the Company and its Subsidiaries is not being
conducted, and shall not be conducted, in violation of any law, statute,
ordinance, rule, order or regulation of any governmental authority or agency,
regulatory or self-regulatory agency, or court, except for possible violations
the sanctions for which either individually or in the aggregate would not have a
Material Adverse Effect. Except as specifically contemplated by this Agreement
and as required under the 1933 Act or any securities laws of any states, to the
Company’s knowledge, the Company is not required to obtain any consent,
authorization, permit or order of, or make any filing or registration (except
the filing of a registration statement as outlined in the Registration Rights
Agreement between the parties) with, any court, governmental authority or
agency, regulatory or self-regulatory agency or other third party in order for
it to execute, deliver or perform any of its obligations under, or contemplated
by, the Registered Offering Transaction Documents in accordance with the terms
hereof or thereof. All consents, authorizations, permits, orders, filings and
registrations which the Company is required to obtain pursuant to the preceding
sentence have been obtained or effected on or prior to the date hereof and are
in full force and effect as of the date hereof. The Company and its Subsidiaries
are unaware of any facts or circumstances which might give rise to any of the
foregoing. The Company is not, and will not be, in violation of the listing
requirements of the Principal Market as in effect on the date hereof and on each
of the Closing Dates and is not aware of any facts which would reasonably lead
to delisting of the Common Stock by the Principal Market in the foreseeable
future.

     4.6 SEC DOCUMENTS; FINANCIAL
STATEMENTS. As of the date hereof, the Company has filed all reports,
schedules, forms, statements and other documents required to be filed by it with
the SEC pursuant to the reporting requirements of the 1934 Act (all of the
foregoing filed prior to the date hereof and all exhibits included therein and
financial statements and schedules thereto and documents incorporated by
reference therein, and amendments thereto, being hereinafter referred to as the
“SEC Documents”). The Company has delivered to the Investor or its
representatives, or they have had access through EDGAR to, true and complete
copies of the SEC Documents. As of their respective filing dates, the SEC
Documents complied in all material respects with the requirements of the 1934
Act and the rules and regulations of the SEC promulgated thereunder applicable
to the SEC Documents, and none of the SEC Documents, at the time they were filed
with the SEC or the time they were amended, if amended, contained any untrue
statement of a material fact or omitted to state a material fact required to be
stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading. As of their respective
dates, the financial statements of the Company included in the SEC Documents
complied as to form in all material respects with applicable accounting
requirements and the published rules and regulations of the SEC with respect
thereto. Such financial statements have been prepared in accordance with
generally accepted accounting principles, by a firm that is a member of the
Public Companies Accounting Oversight Board (“PCAOB”) consistently
applied, during the periods involved (except (i) as may be otherwise indicated
in such financial statements or the notes thereto, or (ii) in the case of
unaudited interim statements, to the extent they may exclude footnotes or may be
condensed or summary statements) and fairly present in all material respects the
financial position of the Company as of the dates thereof and the results of its
operations and cash flows for the periods then ended (subject, in the case of
unaudited statements, to normal year-end audit adjustments). No other written
information provided by or on behalf of the Company to the Investor which is not
included in the SEC Documents, including, without limitation, information
referred to in Section 4.3 of this Agreement, contains any untrue
statement of a material fact or omits to state any material fact necessary to
make the statements therein, in the light of the circumstance under which they
are or were made, not misleading. Neither the Company nor any of its
Subsidiaries or any of their officers, directors, employees or agents have
provided the Investor with any material, nonpublic information which was not
publicly disclosed prior to the date hereof and any material, nonpublic
information provided to the Investor by the Company or its Subsidiaries or any
of their officers, directors, employees or agents prior to any Closing Date
shall be publicly disclosed by the Company prior to such Closing Date. 

     4.7 ABSENCE OF CERTAIN
CHANGES. Except as otherwise set forth in the SEC Documents, the Company
does not intend to change the business operations of the Company in any material
way. The Company has not taken any steps, and does not currently expect to take
any steps, to seek protection pursuant to any bankruptcy law nor does the
Company or its Subsidiaries have any knowledge or reason to believe that its
creditors intend to initiate involuntary bankruptcy proceedings.

     4.8 ABSENCE OF LITIGATION
AND/OR REGULATORY PROCEEDINGS. Except as set forth in the SEC Documents,
there is no action, suit, proceeding, inquiry or investigation before or by any
court, public board, government agency, self-regulatory organization or body
pending or, to the knowledge of the executive officers of Company or any of its
Subsidiaries, threatened against or affecting the Company, the Common Stock or
any of the Company’s Subsidiaries or any of the Company’s or the Company’s
Subsidiaries’ officers or directors in their capacities as such, in which an
adverse decision could have a Material Adverse Effect.

     4.9 ACKNOWLEDGMENT REGARDING
INVESTOR’S PURCHASE OF SHARES. The Company acknowledges and agrees that the
Investor is acting solely in the capacity of an arm’s length purchaser with
respect to the Registered Offering Transaction Documents and the transactions
contemplated hereby and thereby. The Company further acknowledges that the
Investor is not acting as a financial advisor or fiduciary of the Company (or in any
similar capacity) with respect to the Registered Offering Transaction Documents
and the transactions contemplated hereby and thereby and any advice given by the
Investor or any of its respective representatives or agents in connection with
the Registered Offering Transaction Documents and the transactions contemplated
hereby and thereby is merely incidental to the Investor’s purchase of the
Securities, and is not being relied on by the Company. The Company further
represents to the Investor that the Company’s decision to enter into the
Registered Offering Transaction Documents has been based solely on the
independent evaluation by the Company and its representatives. 

     4.10 NO UNDISCLOSED EVENTS,
LIABILITIES, DEVELOPMENTS OR CIRCUMSTANCES. Except as set forth in the
SEC Documents or required with respect to the Registered Offering Transaction
Documents, as of the date hereof, no event, liability, development or
circumstance has occurred or exists, or to the Company’s knowledge is
contemplated to occur, with respect to the Company or its Subsidiaries or their
respective business, properties, assets, prospects, operations or financial
condition, that would be required to be disclosed by the Company under
applicable securities laws on a registration statement filed with the SEC
relating to an issuance and sale by the Company of its Common Stock and which
has not been publicly announced. 

     4.11 EMPLOYEE RELATIONS.
Neither the Company nor any of its Subsidiaries is involved in any union labor
dispute nor, to the knowledge of the Company or any of its Subsidiaries, is any
such dispute threatened. Neither the Company nor any of its Subsidiaries is a
party to a collective bargaining agreement, and the Company and its Subsidiaries
believe that relations with their employees are good. No executive officer (as
defined in Rule 501(f) of the 1933 Act) has notified the Company that such
officer intends to leave the Company’s employ or otherwise terminate such
officer’s employment with the Company. 

     4.12 INTELLECTUAL PROPERTY
RIGHTS. The Company and its Subsidiaries own or possess adequate rights or
licenses to use all trademarks, trade names, service marks, service mark
registrations, service names, patents, patent rights, copyrights, inventions,
licenses, approvals, governmental authorizations, trade secrets and rights
necessary to conduct their respective businesses as now conducted. Except as set
forth in the SEC Documents, none of the Company’s trademarks, trade names,
service marks, service mark registrations, service names, patents, patent
rights, copyrights, inventions, licenses, approvals, government authorizations,
trade secrets or other intellectual property rights necessary to conduct its
business as now or as proposed to be conducted have expired or terminated, or
are expected to expire or terminate within two (2) years from the date of this
Agreement. The Company and its Subsidiaries do not have any knowledge of any
infringement by the Company or its Subsidiaries of trademark, trade name rights,
patents, patent rights, copyrights, inventions, licenses, service names, service
marks, service mark registrations, trade secret or other similar rights of
others, or of any such development of similar or identical trade secrets or
technical information by others and, except as set forth in the SEC Documents,
there is no claim, action or proceeding being made or brought against, or to the
Company’s knowledge, being threatened against, the Company or its Subsidiaries
regarding trademark, trade name, patents, patent rights, invention, copyright,
license, service names, service marks, service mark registrations, trade secret
or other infringement; and the Company and its Subsidiaries are unaware of any
facts or circumstances which might give rise to any of the foregoing. The
Company and its Subsidiaries have taken commercially reasonable security
measures to protect the secrecy, confidentiality and value of all of their
intellectual properties. 

     4.13 ENVIRONMENTAL LAWS.
The Company and its Subsidiaries (i) are, to the knowledge of the management and
directors of the Company and its Subsidiaries, in compliance with any and all
applicable foreign, federal, state and local laws and regulations relating to
the protection of human health and safety, the environment or hazardous or toxic
substances or wastes, pollutants or contaminants (“Environmental Laws”);
(ii) have, to the knowledge of the management and directors of the Company,
received all permits, licenses or other approvals required of them under
applicable Environmental Laws to conduct their respective businesses; and (iii)
are in compliance, to the knowledge of the management and directors of the
Company, with all terms and conditions of any such permit, license or approval
where, in each of the three (3) foregoing cases, the failure to so comply would
have, individually or in the aggregate, a Material Adverse Effect. 

     4.14 TITLE. The Company
and its Subsidiaries have good and marketable title to all personal property
owned by them which is material to the business of the Company and its
Subsidiaries, in each case free and clear of all liens, encumbrances and defects
except such as are described in the SEC Documents or such as do not materially
affect the value of such property and do not interfere with the use made and
proposed to be made of such property by the Company or any of its Subsidiaries.
Any real property and facilities held under lease by the Company or any of its
Subsidiaries are held by them under valid, subsisting and enforceable leases
with such exceptions as are not material and do not interfere with the use made
and proposed to be made of such property and buildings by the Company and its
Subsidiaries. 

     4.15 INSURANCE. Each of
the Company’s Subsidiaries are insured by insurers of recognized financial
responsibility against such losses and risks and in such amounts as management
of the Company reasonably believes to be prudent and customary in the businesses
in which the Company and its Subsidiaries are engaged. Neither the Company nor
any of its Subsidiaries has been refused any insurance coverage sought or
applied for and neither the Company nor its Subsidiaries has any reason to
believe that it will not be able to renew its existing insurance coverage as and
when such coverage expires or to obtain similar coverage from similar insurers
as may be necessary to continue its business at a cost that would not have a
Material Adverse Effect. 

     4.16 REGULATORY PERMITS.
The Company and its Subsidiaries have in full force and effect all certificates,
approvals, authorizations and permits from the appropriate federal, state, local
or foreign regulatory authorities and comparable foreign regulatory agencies,
necessary to own, lease or operate their respective properties and assets and
conduct their respective businesses, and neither the Company nor any such
Subsidiary has received any notice of proceedings relating to the revocation or
modification of any such certificate, approval, authorization or permit, except
for such certificates, approvals, authorizations or permits which if not
obtained, or such revocations or modifications which, would not have a Material
Adverse Effect. 

     4.17 INTERNAL ACCOUNTING
CONTROLS. Except as otherwise set forth in the SEC Documents, the Company
and each of its Subsidiaries maintain a system of internal accounting controls
sufficient to provide reasonable assurance that (i) transactions are executed in
accordance with management’s general or specific authorizations; (ii)
transactions are recorded as necessary to permit preparation of financial
statements in conformity with generally accepted accounting principles by a firm
with membership to the PCAOB and to maintain asset accountability; (iii) access
to assets is permitted only in accordance with management’s general or specific
authorization; and (iv) the recorded accountability for assets is compared with
the existing assets at reasonable intervals and appropriate action is taken with
respect to any differences. The Company’s management has determined that the
Company’s internal accounting controls were not effective as of the date of this
Agreement as further described in the SEC Documents.

     4.18 NO MATERIALLY ADVERSE
CONTRACTS, ETC. Neither the Company nor any of its Subsidiaries is subject
to any charter, corporate or other legal restriction, or any judgment, decree,
order, rule or regulation which in the judgment of the
Company’s officers has or is expected in the future to have a Material Adverse
Effect. Neither the Company nor any of its Subsidiaries is a party to any
contract or agreement which in the judgment of the Company’s officers has or is
expected to have a Material Adverse Effect. 

     4.19 TAX STATUS. The
Company and each of its Subsidiaries has made or filed all United States federal
and state income and all other tax returns, reports and declarations required by
any jurisdiction to which it is subject (unless and only to the extent that the
Company and each of its Subsidiaries has set aside on its books provisions
reasonably adequate for the payment of all unpaid and unreported taxes) and has
paid all taxes and other governmental assessments and charges that are material
in amount, shown or determined to be due on such returns, reports and
declarations, except those being contested in good faith and has set aside on
its books provision reasonably adequate for the payment of all taxes for periods
subsequent to the periods to which such returns, reports or declarations apply.
There are no unpaid taxes in any material amount claimed to be due by the taxing
authority of any jurisdiction, and the officers of the Company know of no basis
for any such claim. 

     4.20 CERTAIN TRANSACTIONS.
Except as set forth in the SEC Documents filed at least ten (10) days prior to
the date hereof and except for arm’s length transactions pursuant to which the
Company makes payments in the ordinary course of business upon terms no less
favorable than the Company could obtain from disinterested third parties and
other than the grant of stock options disclosed in the SEC Documents, none of
the officers, directors, or employees of the Company is presently a party to any
transaction with the Company or any of its Subsidiaries (other than for services
as employees, officers and directors), including any contract, agreement or
other arrangement providing for the furnishing of services to or by, providing
for rental of real or personal property to or from, or otherwise requiring
payments to or from any officer, director or such employee or, to the knowledge
of the Company, any corporation, partnership, trust or other entity in which any
officer, director, or any such employee has a substantial interest or is an
officer, director, trustee or partner, such that disclosure would be required in
the SEC Documents.. 

     4.21 DILUTIVE EFFECT. The
Company understands and acknowledges that the number of shares of Common Stock
issuable upon purchases pursuant to this Agreement will increase in certain
circumstances including, but not necessarily limited to, the circumstance
wherein the trading price of the Common Stock declines during the period between
the Effective Date and the end of the Open Period. The Company’s executive
officers and directors have studied and fully understand the nature of the
transactions contemplated by this Agreement and recognize that they have a
potential dilutive effect on the shareholders of the Company. The Board of
Directors of the Company has concluded, in its good faith business judgment, and
with full understanding of the implications, that such issuance is in the best
interests of the Company. The Company specifically acknowledges that, subject to
such limitations as are expressly set forth in the Registered Offering
Transaction Documents, its obligation to issue shares of Common Stock upon
purchases pursuant to this Agreement is absolute and unconditional regardless of
the dilutive effect that such issuance may have on the ownership interests of
other shareholders of the Company.

     4.22 LOCK-UP. The Company
shall cause its officers, insiders, directors, and affiliates or other related
parties under control of the Company, to refrain from selling Common Stock
during each Pricing Period.

     4.23 NO GENERAL
SOLICITATION. Neither the Company, nor any of its affiliates, nor any person
acting on its behalf, has engaged in any form of general solicitation or general
advertising (within the meaning of Regulation D) in connection with the offer or
sale of the Common Stock to be offered as set forth in this Agreement. 

     4.24 NO BROKERS, FINDERS OR
FINANCIAL ADVISORY FEES OR COMMISSIONS. No brokers, finders or financial
advisory fees or commissions will be payable by the Company, its agents or
Subsidiaries, with respect to the transactions contemplated by this
Agreement.

SECTION V 
COVENANTS OF THE COMPANY

     5.1 BEST EFFORTS. The
Company shall use all commercially reasonable efforts to timely satisfy each of
the conditions set forth in Section 7 of this Agreement. 

     5.2 REPORTING STATUS.
Until one of the following occurs, the Company shall file all reports required
to be filed with the SEC pursuant to the 1934 Act, and the Company shall not
terminate its status, or take an action or fail to take any action, which would
terminate its status as a reporting company under the 1934 Act: (i) this
Agreement terminates pursuant to Section 8 and the Investor has the right
to sell all of the Securities without restrictions pursuant to Rule 144
promulgated under the 1933 Act, or such other exemption, or (ii) the date on
which the Investor has sold all the Securities and this Agreement has been
terminated pursuant to Section 8.

     5.3 USE OF PROCEEDS. The
Company will use the proceeds from the sale of the Shares (excluding amounts
paid by the Company for fees as set forth in the Registered Offering Transaction
Documents) for general corporate and working capital purposes and acquisitions
or assets, businesses or operations or for other purposes that the Board of
Directors, in its good faith deem to be in the best interest of the Company.

     5.4 FINANCIAL INFORMATION.
During the Open Period, the Company agrees to make available to the Investor via
EDGAR or other electronic means the following documents and information on the
forms set forth: (i) within five (5) Trading Days after the filing thereof with
the SEC, a copy of its Annual Reports on Form 10-K, its Quarterly Reports on
Form 10-Q, any Current Reports on Form 8-K and any Registration Statements or
amendments filed pursuant to the 1933 Act; (ii) copies of any notices and other
information made available or given to the shareholders of the Company
generally, contemporaneously with the making available or giving thereof to the
shareholders; and (iii) within two (2) calendar days of filing or delivery
thereof, copies of all documents filed with, and all correspondence sent to, the
Principal Market, any securities exchange or market, or the Financial Industry
Regulatory Association, unless such information is material nonpublic
information. 

     5.5 RESERVATION OF SHARES.
The Company shall take all action necessary to at all times have authorized, and
reserved the amount of Shares included in the Registration Statement for
issuance pursuant to the Registered Offering Transaction Documents. In the event
that the Company determines that it does not have a sufficient number of
authorized shares of Common Stock to reserve and keep available for issuance as
described in this Section 5.5, the Company shall use all commercially
reasonable efforts to increase the number of authorized shares of Common Stock
by seeking shareholder approval for the authorization of such additional shares.

     5.6 LISTING. The Company
shall promptly secure and maintain the listing of all of the Registrable
Securities (as defined in the Registration Rights Agreement) on the Principal
Market and each other national securities exchange and automated quotation
system, if any, upon which shares of Common Stock are then listed (subject to
official notice of issuance) and shall maintain, such listing of all Registrable Securities from time to time issuable under the
terms of the Registered Offering Transaction Documents. Neither the Company nor
any of its Subsidiaries shall take any action which would be reasonably expected
to result in the delisting or suspension of the Common Stock on the Principal
Market (excluding suspensions of not more than one (1) Trading Day resulting
from business announcements by the Company). The Company shall promptly provide
to the Investor copies of any notices it receives from the Principal Market
regarding the continued eligibility of the Common Stock for listing on such
automated quotation system or securities exchange. The Company shall pay all
fees and expenses in connection with satisfying its obligations under this
Section 5.6. 

     5.7 TRANSACTIONS WITH
AFFILIATES. The Company shall not, and shall cause each of its Subsidiaries
not to, enter into, amend, modify or supplement, or permit any Subsidiary to
enter into, amend, modify or supplement, any agreement, transaction, commitment
or arrangement with any of its or any Subsidiary’s officers, directors, persons
who were officers or directors at any time during the previous two (2) years,
shareholders who beneficially own 5% or more of the Common Stock, or Affiliates
or with any individual related by blood, marriage or adoption to any such
individual or with any entity in which any such entity or individual owns a 5%
or more beneficial interest (each a “Related Party”), except for (i)
customary employment arrangements and benefit programs on reasonable terms, (ii)
any agreement, transaction, commitment or arrangement on an arms-length basis on
terms no less favorable than terms which would have been obtainable from a
disinterested third party other than such Related Party, or (iii) any agreement,
transaction, commitment or arrangement which is approved by a majority of the
disinterested directors of the Company. For purposes hereof, any director who is
also an officer of the Company or any Subsidiary of the Company shall not be a
disinterested director with respect to any such agreement, transaction,
commitment or arrangement. “Affiliate” for purposes hereof means, with
respect to any person or entity, another person or entity that, directly or
indirectly, (i) has a 5% or more equity interest in that person or entity, (ii)
has 5% or more common ownership with that person or entity, (iii) controls that
person or entity, or (iv) is under common control with that person or entity.
“Control” or “Controls” for purposes hereof means that a person or
entity has the power, directly or indirectly, to conduct or govern the policies
of another person or entity. 

     5.8 FILING OF FORM 8-K. On
or before the date which is four (4) Trading Days after the Execution Date, the
Company shall file a Current Report on Form 8-K with the SEC describing the
terms of the transaction contemplated by the Registered Offering Transaction
Documents in the form required by the 1934 Act, if such filing is required. 

     5.9 CORPORATE EXISTENCE.
The Company shall use all commercially reasonable efforts to preserve and
continue the corporate existence of the Company. 

     5.10 NOTICE OF CERTAIN EVENTS
AFFECTING REGISTRATION; SUSPENSION OF RIGHT TO MAKE A PUT. The
Company shall promptly notify the Investor upon the occurrence of any of the
following events in respect of a Registration Statement or related prospectus in
respect of an offering of the Securities: (i) receipt of any request for
additional information by the SEC or any other federal or state governmental
authority during the period of effectiveness of the Registration Statement for
amendments or supplements to the Registration Statement or related prospectus;
(ii) the issuance by the SEC or any other federal or state governmental
authority of any stop order suspending the effectiveness of any Registration
Statement or the initiation of any proceedings for that purpose; (iii) receipt
of any notification with respect to the suspension of the qualification or
exemption from qualification of any of the Securities for sale in any
jurisdiction or the initiation or notice of any proceeding for such purpose;
(iv) the happening of any event that makes any statement made in such
Registration Statement or related prospectus or any document incorporated or
deemed to be incorporated therein by reference untrue in any material respect or
that requires the making of any changes in the Registrable Securities from time to time issuable under the
terms of the Registered Offering Transaction Documents. Neither the Company nor
any of its Subsidiaries shall take any action which would be reasonably expected
to result in the delisting or suspension of the Common Stock on the Principal
Market (excluding suspensions of not more than one (1) Trading Day resulting
from business announcements by the Company). The Company shall promptly provide
to the Investor copies of any notices it receives from the Principal Market
regarding the continued eligibility of the Common Stock for listing on such
automated quotation system or securities exchange. The Company shall pay all
fees and expenses in connection with satisfying its obligations under this
Section 5.6. 

     5.11 TRANSFER AGENT. Upon
effectiveness of the Registration Statement, and for so long as the Registration
Statement is effective, following delivery of a Put Notice, the Company shall
deliver instructions to its transfer agent to issue Shares to the Investor that
are covered for resale by the Registration Statement, and the Company shall
ensure that upon delivery to the transfer agent of evidence of the sale of any
such Shares in accordance with the Plan of Distribution” section of the then
current prospectus relating to such Registration Statement, such Shares shall be
issued to the purchaser thereof free of restrictive legends in accordance with
Section 3.11 of the Registration Rights Agreement.

     5.12 ACKNOWLEDGEMENT OF
TERMS. The Company hereby represents and warrants to the Investor that: (i)
it is voluntarily entering into this Agreement of its own freewill, (ii) it is
not entering this Agreement under economic duress, (iii) the terms of this
Agreement are reasonable and fair to the Company, and (iv) the Company has had
independent legal counsel of its own choosing review this Agreement, advise the
Company with respect to this Agreement, and represent the Company in connection
with this Agreement.

SECTION VI
CONDITIONS OF THE COMPANY’S OBLIGATION
TO SELL

     The obligation hereunder of the
Company to issue and sell the Securities to the Investor is further subject to
the satisfaction, at or before each Closing Date, of each of the following
conditions set forth below. These conditions are for the Company’s sole benefit
and may be waived by the Company at any time in its sole discretion. 

     6.1 The Investor shall have
executed this Agreement and the Registration Rights Agreement and delivered the
same to the Company. 

     6.2 The Investor shall have
delivered to the Company the Purchase Price for the Securities being purchased
by the Investor between the end of the Pricing Period and the Closing Date via a
Put Settlement Sheet (hereto attached as Exhibit D). After receipt of
confirmation of delivery of such Securities to the Investor, the Investor, by
wire transfer of immediately available funds pursuant to the wire instructions
provided by the Company will disburse the funds constituting the Purchase
Amount. The Investor shall have no obligation to disburse the Purchase Amount
until the Company delivers the Securities pursuant to a Put Notice.

     6.3 No statute, rule, regulation,
executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by any court or governmental authority of competent
jurisdiction which prohibits the consummation of any of the transactions
contemplated by this Agreement. 

SECTION VII
FURTHER CONDITIONS OF THE INVESTOR’S
OBLIGATION TO PURCHASE

     The obligation of the Investor
hereunder to purchase Securities is subject to the satisfaction, on or before
each Closing Date, of each of the following conditions set forth below. 

     7.1 The Company shall have
executed the Registered Offering Transaction Documents and delivered the same to
the Investor.

     7.2 The Common Stock shall be
authorized for quotation on the Principal Market and trading in the Common Stock
shall not have been suspended by the Principal Market or the SEC, at any time
beginning on the date hereof and through and including the respective Closing
Date (excluding suspensions of not more than one (1) Trading Day resulting from
business announcements by the Company, provided that such suspensions occur
prior to the Company’s delivery of the Put Notice related to such Closing). 

     7.3 The representations and
warranties of the Company shall be true and correct as of the date when made and
as of the applicable Closing Date as though made at that time and the Company
shall have performed, satisfied and complied with the covenants, agreements and
conditions required by the Registered Offering Transaction Documents to be
performed, satisfied or complied with by the Company on or before such Closing
Date. The Investor may request an update as of such Closing Date regarding the
representation contained in Section 4.3. 

     7.4 The Company shall have
executed and delivered to the Investor the certificates representing, or have
executed electronic book-entry transfer of, the Securities (in such
denominations as the Investor shall request) being purchased by the Investor at
such Closing. 

     7.5 The Board of Directors of the
Company shall have adopted resolutions consistent with Section 4.2(ii)
(the “Resolutions”) and such Resolutions shall not have been amended
or rescinded prior to such Closing Date. 

     7.6 No statute, rule, regulation,
executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by any court or governmental authority of competent
jurisdiction which prohibits the consummation of any of the transactions
contemplated by this Agreement. 

     7.7 The Registration Statement
shall be effective on each Closing Date and no stop order suspending the
effectiveness of the Registration statement shall be in effect or to the
Company’s knowledge shall be pending or threatened. Furthermore, on each Closing
Date (I) neither the Company nor the Investor shall have received notice that
the SEC has issued or intends to issue a stop order with respect to such
Registration Statement or that the SEC otherwise has suspended or withdrawn the
effectiveness of such Registration Statement, either temporarily or permanently,
or intends or has threatened to do so (unless the SEC’s concerns have been
addressed), and (II) no other suspension of the use or withdrawal of the
effectiveness of such Registration Statement or related prospectus shall exist.

     7.8 At the time of each Closing,
the Registration Statement (including information or documents incorporated by
reference therein) and any amendments or supplements thereto shall not contain
any untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein not
misleading or which would require public disclosure or an update supplement to
the prospectus. 

     7.9 If applicable, the
shareholders of the Company shall have approved the issuance of any Shares in
excess of the Maximum Common Stock Issuance in accordance with Section 2.5
or the Company shall have obtained appropriate approval pursuant to the
requirements of Nevada law and the Company’s Articles of Incorporation and
By-laws.

     7.10 The conditions to such
Closing set forth in Section 2.3 shall have been satisfied on or before
such Closing Date.

     7.11 The Company shall have
certified to the Investor the number of Shares of Common Stock outstanding when
a Put Notice is given to the Investor. The Company’s delivery of a Put Notice to
the Investor constitutes the Company’s certification of the existence of the
necessary number of shares of Common Stock reserved for issuance.

SECTION VIII 
TERMINATION

     This Agreement shall terminate
upon any of the following events: 

	 	i. 	
      when the Investor has purchased an aggregate of Eight
      Million Dollars ($8,000,000) in the Common Stock of the Company pursuant
      to this Agreement; or

	 	 	 
	 	ii. 	
      on the date which is thirty-six (36) months after the
      Effective Date; or

	 	 	 
	 	iii. 	
      at such time that the Registration Statement is no longer
      in effect

     Any and all shares, or penalties,
if any, due under this Agreement shall be immediately payable and due upon
termination of this Agreement.

SECTION IX 
SUSPENSION

     This Agreement shall be suspended
upon any of the following events, and shall remain suspended until such event is
rectified:

	 	i. 	
      The trading of the Common Stock is suspended by the SEC,
      the Principal Market or FINRA for a period of two (2) consecutive Trading
      Days during the Open Period; or,

	 	 	 
	 	ii. 	
      The Common Stock ceases to be registered under the 1934
      Act or listed or traded on the Principal Market or the Registration
      Statement is no longer effective (except as permitted hereunder)..
      Immediately upon the occurrence of one of the above-described events, the
      Company shall send written notice of such event to the
  Investor.

SECTION X
 INDEMNIFICATION

     In consideration of the parties
mutual obligations set forth in the Transaction Documents, each of the parties
(in such capacity, an “Indemnitor”) shall defend, protect, indemnify and
hold harmless the other and all of the other party’s shareholders, officers,
directors, employees, counsel, and direct or indirect investors and any of the
foregoing person’s agents or other representatives (including, without
limitation, those retained in connection with the transactions contemplated by
this Agreement) (collectively, the “Indemnitees”) from and against any
and all actions, causes of action, suits, claims, losses, costs, penalties,
fees, liabilities and damages, and reasonable expenses in connection therewith
(irrespective of whether any such Indemnitee is a party to the action for which
indemnification hereunder is sought), and including reasonable attorneys’ fees
and disbursements (the “Indemnified Liabilities”), incurred by any
Indemnitee as a result of, or arising out of, or relating to (I) any
misrepresentation or breach of any representation or warranty made by the
Indemnitor or any other certificate, instrument or document contemplated hereby
or thereby; (II) any breach of any covenant, agreement or obligation of the
Indemnitor contained in the Registered Offering Transaction Documents or any
other certificate, instrument or document contemplated hereby or thereby; or
(III) any cause of action, suit or claim brought or made against such Indemnitee
by a third party and arising out of or resulting from the execution, delivery,
performance or enforcement of the Registered Offering Transaction Documents or
any other certificate, instrument or document contemplated hereby or thereby,
except insofar as any such misrepresentation, breach or any untrue statement,
alleged untrue statement, omission or alleged omission is made in reliance upon
and in conformity with information furnished to Indemnitor which is specifically
intended for use in the preparation of any such Registration Statement,
preliminary prospectus, prospectus or amendments to the prospectus. To the
extent that the foregoing undertaking by the Indemnitor may be unenforceable for
any reason, the Indemnitor shall make the maximum contribution to the payment
and satisfaction of each of the Indemnified Liabilities which is permissible
under applicable law. The indemnity provisions contained herein shall be in
addition to any cause of action or similar rights Indemnitor may have, and any
liabilities the Indemnitor or the Indemnitees may be subject to. 

SECTION XI
GOVERNING LAW; DISPUTES SUBMITTED TO
ARBITRATION.

     11.1 LAW GOVERNING THIS
AGREEMENT. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York without regard to principles of conflicts
of laws. Any action brought by either party against the other concerning the
transactions contemplated by this Agreement shall be brought only in the state
courts of New York or in the federal courts located in New York County, New
York. The parties to this Agreement hereby irrevocably waive any objection to
jurisdiction and venue of any action instituted hereunder and shall not assert
any defense based on lack of jurisdiction or venue or based upon forum non
conveniens. The parties executing this Agreement and other agreements
referred to herein or delivered in connection herewith on behalf of the Company
agree to submit to the in personam jurisdiction of such courts and hereby
irrevocably waive trial by jury. The prevailing party shall be entitled to
recover from the other party its reasonable attorney’s fees and costs. In the
event that any provision of this Agreement or any other agreement delivered in
connection herewith is invalid or unenforceable under any applicable statute or
rule of law, then such provision shall be deemed inoperative to the extent that
it may conflict therewith and shall be deemed modified to conform with such
statute or rule of law. Any such provision which may prove invalid or
unenforceable under any law shall not affect the validity or enforceability of
any other provision of any agreement. Each party hereby irrevocably waives
personal service of process and consents to process being served in any suit,
action or proceeding in connection with this Agreement or any other Transaction
Documents by mailing a copy thereof via registered or certified mail or
overnight delivery (with evidence of delivery) to such party at the address in
effect for notices to it under this Agreement and agrees that such service shall
constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process
in any other manner permitted by law.

     11.2 LEGAL FEES; AND
MISCELLANEOUS FEES. Except as otherwise set forth in the Registered Offering
Transaction Documents (including but not limited to Section V of the
Registration Rights Agreement), each party shall pay the fees and expenses of
its advisers, the accountants and other experts, if any, and all other expenses
incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. Any
attorneys’ fees and expenses incurred by either the Company or the Investor in
connection with the preparation, negotiation, execution and delivery of any
amendments to this Agreement or relating to the enforcement of the rights of any
party, after the occurrence of any breach of the terms of this Agreement by
another party or any default by another party in respect of the transactions
contemplated hereunder, shall be paid on demand by the party which breached the
Agreement and/or defaulted, as the case may be. The Company shall pay all stamp
and other taxes and duties levied in connection with the issuance of any
Securities. 

     Notwithstanding the foregoing,
the Investor shall pay for all legal expenses in connection with the Registered
Offering Transaction Documents and the registration thereof with the SEC.

     11.3 COUNTERPARTS. This
Agreement may be executed in any number of counterparts and by the different
signatories hereto on separate counterparts, each of which, when so executed,
shall be deemed an original, but all such counterparts shall constitute but one
and the same instrument. This Agreement may be executed by facsimile
transmission, PDF, electronic signature or other similar electronic means with
the same force and effect as if such signature page were an original
thereof.

     11.4 HEADINGS;
SINGULAR/PLURAL. The headings of this Agreement are for convenience of
reference and shall not form part of, or affect the interpretation of, this
Agreement. Whenever required by the context of this Agreement, the singular
shall include the plural and masculine shall include the feminine. 

     11.5 SEVERABILITY. If any
provision of this Agreement shall be invalid or unenforceable in any
jurisdiction, such invalidity or unenforceability shall not affect the validity
or enforceability of the remainder of this Agreement in that jurisdiction or the
validity or enforceability of any provision of this Agreement in any other
jurisdiction. 

     11.6 ENTIRE AGREEMENT;
AMENDMENTS. This Agreement is the FINAL AGREEMENT between the Company and
the Investor with respect to the terms and conditions set forth herein, and, the
terms of this Agreement may not be contradicted by evidence of prior,
contemporaneous, or subsequent oral agreements of the Parties.

     11.7 NOTICES. Any notices
or other communications required or permitted to be given under the terms of
this Agreement must be in writing and will be deemed to have been delivered (I)
upon receipt, when delivered personally; (II) upon receipt, when sent by
electronic mail (provided confirmation of transmission is mechanically or
electronically generated and kept on file by the sending party); or (III) one
(1) day after deposit with a nationally recognized overnight delivery service,
in each case properly addressed to the party to receive the same. The addresses
and facsimile numbers for such communications shall be: 

	 	If to the Company: 	Liberty Star Uranium & Metals Corp. 
	 	  	5610 E Sutler Lane 
	 	  	Tucson, Arizona 85712 
	 	  	Attn: James Briscoe 
	 	  	Email: jbriscoe@libertystaruranium.com 
	 	  	  
	 	  	  
	 	With a copy to: 	  

	 	If to the Investor: 	KVM Capital Partners LLC 
	 	  	25315 60th Avenue, Suite 200, 
	 	  	Little Neck, NY 11362 
	 	  	Attn: Neil Kleinman 
	 	  	Email: neilk@kvmcapital.com

Each party shall provide five (5) days prior written notice to
the other party of any change in address or facsimile number. 

     11.8 NO ASSIGNMENT. This
Agreement may not be assigned.

     11.9 NO THIRD PARTY
BENEFICIARIES. This Agreement is intended for the benefit of the parties
hereto and is not for the benefit of, nor may any provision hereof be enforced
by, any other person, except that the Company acknowledges that the rights of
the Investor may be enforced by its general partner. 

     11.10 SURVIVAL. The
representations and warranties of the Company and the Investor contained in
Sections 3 and 4, the agreements and covenants set forth in Sections 5 and 6,
and the indemnification provisions set forth in Section 10, shall survive
each of the Closings and the termination of this Agreement. 

     11.11 PUBLICITY. The
Company and the Investor shall consult with each other in issuing any press
releases or otherwise making public statements with respect to the transactions
contemplated hereby and no party shall issue any such press release or otherwise
make any such public statement without the prior consent of the other party,
which consent shall not be unreasonably withheld or delayed, except that no
prior consent shall be required if such disclosure is required by law, in which
such case the disclosing party shall provide the other party with prior notice
of such public statement. Notwithstanding the foregoing, the Company shall not
publicly disclose the name of the Investor without the prior consent of the
Investor, except to the extent required by law. The Investor acknowledges that
this Agreement and all or part of the Registered Offering Transaction Documents
may be deemed to be “material contracts” as that term is defined by Item
601(b)(10) of Regulation S-K, and that the Company may therefore be required to
file such documents as exhibits to reports or registration statements filed
under the 1933 Act or the 1934 Act. The Investor further agrees that the status
of such documents and materials as material contracts shall be determined solely
by the Company, in consultation with its counsel. 

     11.12 FURTHER ASSURANCES.
Each party shall do and perform, or cause to be done and performed, all such
further acts and things, and shall execute and deliver all such other
agreements, certificates, instruments and documents, as the other party may
reasonably request in order to carry out the intent and accomplish the purposes
of this Agreement and the consummation of the transactions contemplated hereby.

     11.13 PLACEMENT AGENT. If
the Company chooses, in its sole discretion, to hire a placement agent, the
Company agrees to pay that certain registered broker dealer, to act as a
placement agent, a percentage of the Put Amount on each Put toward the fee as
outlined in that certain placement agent agreement entered into between the
Company and the placement agent. The Investor shall have no obligation with
respect to any fees or with respect to any claims made by or on behalf of other
persons or entities for fees of a type contemplated in this Section that may be
due in connection with the transactions contemplated by the Registered Offering
Transaction Documents. The Company shall indemnify and hold harmless the
Investor, their employees, officers, directors, agents, and partners, and their
respective affiliates, from and against all claims, losses, damages, costs
(including the costs of preparation and attorney’s fees) and expenses incurred in respect of any such
claimed or existing fees, as such fees and expenses are incurred. 

     11.14 NO STRICT
CONSTRUCTION. The language used in this Agreement will be deemed to be the
language chosen by the parties to express their mutual intent, and no rules of
strict construction will be applied against any party, as the parties mutually
agree that each has had a full and fair opportunity to review this Agreement and
seek the advice of counsel on it. 

     11.15 REMEDIES. The
Investor shall have all rights and remedies set forth in this Agreement and the
Registration Rights Agreement and all rights and remedies which such holders
have been granted at any time under any other agreement or contract and all of
the rights which the Investor has by law. Any person having any rights under any
provision of this Agreement shall be entitled to enforce such rights
specifically (without posting a bond or other security), to recover damages by
reason of any default or breach of any provision of this Agreement, including
the recovery of reasonable attorneys fees and costs, and to exercise all other
rights granted by law. 

     11.16 PAYMENT SET ASIDE.
To the extent that the Company makes a payment or payments to the Investor
hereunder or under the Registration Rights Agreement or the Investor enforces or
exercises its rights hereunder or thereunder, and such payment or payments or
the proceeds of such enforcement or exercise or any part thereof are
subsequently invalidated, declared to be fraudulent or preferential, set aside,
recovered from, disgorged by or are required to be refunded, repaid or otherwise
restored to the Company, a trustee, receiver or any other person under any law
(including, without limitation, any bankruptcy law, state or federal law, common
law or equitable cause of action), then to the extent of any such restoration
the obligation or part thereof originally intended to be satisfied shall be
revived and continued in full force and effect as if such payment had not been
made or such enforcement or setoff had not occurred. 

     11.17 PRICING OF COMMON
STOCK. For purposes of this Agreement, the bid price of the Common Stock
shall be as reported on Bloomberg, L.P. 

SECTION XII
NON-DISCLOSURE OF NON-PUBLIC
INFORMATION

     The Company shall not disclose
non-public information to the Investor, its advisors, or its
representatives.

     Nothing in the Registered
Offering Transaction Documents shall require or be deemed to require the Company
to disclose non-public information to the Investor or its advisors or
representatives, and the Company represents that it does not disseminate
non-public information to any investors who purchase stock in the Company in a
public offering, to money managers or to securities analysts, provided, however,
that notwithstanding anything herein to the contrary, the Company will, as
hereinabove provided, immediately notify the advisors and representatives of the
Investor and, if any, underwriters, of any event or the existence of any
circumstance (without any obligation to disclose the specific event or
circumstance) of which it becomes aware, constituting non-public information
(whether or not requested of the Company specifically or generally during the
course of due diligence by such persons or entities), which, if not disclosed in
the prospectus included in the Registration Statement would cause such
prospectus to include a material misstatement or to omit a material fact
required to be stated therein in order to make the statements, therein, in light
of the circumstances in which they were made, not misleading. Nothing contained
in this Section 12 shall be construed to mean that such persons or
entities other than the Investor (without the written consent of the Investor
prior to disclosure of such information) may not obtain non-public information in the
course of conducting due diligence in accordance with the terms of this
Agreement and nothing herein shall prevent any such persons or entities from
notifying the Company of their opinion that based on such due diligence by such
persons or entities, that the Registration Statement contains an untrue
statement of material fact or omits a material fact required to be stated in the
Registration Statement or necessary to make the statements contained therein, in
light of the circumstances in which they were made, not misleading. 

SECTION XIII 
ACKNOWLEDGEMENTS OF THE PARTIES

     Notwithstanding anything in this
Agreement to the contrary, the parties hereto hereby acknowledge and agree to
the following: (i) the Investor makes no representations or covenants that it
will not engage in trading in the securities of the Company, other than the
Investor will not short the Common Stock at any time during the Open Period;
(ii) the Company shall comply with its obligations under Section 5.8 in a timely
manner; (iii) the Company has not and shall not provide material non-public
information to the Investor unless prior thereto the Investor shall have
executed a written agreement regarding the confidentiality and use of such
information; and (iv) the Company understands and confirms that the Investor
will be relying on the acknowledgements set forth in clauses (i) through (iii)
above if the Investor effects any transactions in the securities of the
Company.

[Signature page follows]

     Your signature on this Signature
Page evidences your agreement to be bound by the terms and conditions of the
Investment Agreement as of the date first written above. The undersigned
signatory hereby certifies that he has read and understands the Investment
Agreement, and the representations made by the undersigned in this Investment
Agreement are true and accurate, and agrees to be bound by its terms. 

	 	KVM CAPITAL PARTNERS LLC 
	 	  
	 	  
	 	By: /s/ Neil Kleinman 
	 	Name: Neil Kleinman 
	 	Title: 
	 	  
	 	LIBERTY STAR URANIUM & METALS CORP.
    
	 	  
	 	By: /s/ James Briscoe 
	 	Name: James Briscoe 
	 	Title: Chief Executive Officer

[SIGNATURE PAGE OF INVESTMENT AGREEMENT]

LIST OF EXHIBITS

	EXHIBIT A 	Registration Rights Agreement 
	 	 
	EXHIBIT B 	Notice of Effectiveness 
	 	 
	EXHIBIT C 	Put Notice 
	 	 
	EXHIBIT D 	Put Settlement Sheet 

EXHIBIT A

REGISTRATION RIGHTS AGREEMENT

See attached. 

EXHIBIT B

FORM OF NOTICE OF EFFECTIVENESS 
OF REGISTRATION
STATEMENT

Date: __________

[TRANSFER AGENT]

     Re: Liberty Star Uranium &
Metals Corp.

Ladies and Gentlemen:

     We are counsel to Liberty Star
Uranium & Metals Corp., a Nevada corporation (the “Company”), and have
represented the Company in connection with that certain Investment Agreement
(the “Investment Agreement”) entered into by and among the Company and KVM
Capital Partners (the “Investor”) pursuant to which the Company has agreed to
issue to the Investor shares of the Company’s common stock, $0.00001 par value
per share (the “Common Stock”) on the terms and conditions set forth in the
Investment Agreement. Pursuant to the Investment Agreement, the Company also has
entered into a Registration Rights Agreement with the Investor (the
“Registration Rights Agreement”) pursuant to which the Company agreed, among
other things, to register the Registrable Securities (as defined in the
Registration Rights Agreement), including the shares of Common Stock issued or
issuable under the Investment Agreement under the Securities Act of 1933, as
amended (the “1933 Act”). In connection with the Company’s obligations under the
Registration Rights Agreement, on ____________ ___, 20__, the Company filed a
Registration Statement on Form S- ___ (File No. 333-_ _______) (the
“Registration Statement”) with the Securities and Exchange Commission (the
“SEC”) relating to the Registrable Securities which names the Investor as a
selling shareholder thereunder.

     In connection with the foregoing,
we advise you that a member of the SEC's staff has advised us by telephone that
the SEC has entered an order declaring the Registration Statement effective
under the 1933 Act at ______ on  _________, 20__ and we have no knowledge,
after telephonic inquiry of a member of the SEC's staff, that any stop order
suspending its effectiveness has been issued or that any proceedings for that
purpose are pending before, or threatened by, the SEC and the Registrable
Securities are available for sale under the 1933 Act pursuant to the
Registration Statement

	 	Very truly yours, 
	 	 
	 	 
	 	[Company Counsel] 

EXHIBIT C

FORM OF PUT NOTICE

Date: 

RE: Put Notice Number __ 

Dear Mr.__________, 

This is to inform you that as of today, Liberty Star Uranium
& Metals Corp., a Nevada corporation (the “Company”), hereby elects to
exercise its right pursuant to the Investment Agreement to require KVM Capital
Partners LLC to purchase shares of its common stock. The Company hereby
certifies that: 

The amount of this put is $__________. 

The Pricing Period runs from _______________until
_______________. 

The Purchase Price is: $_______________

The number of Put Shares Due:___________________.

The current number of shares of common stock issued and
outstanding is: _________________.

The number of shares currently available for issuance on the
S-1 is: ________________________.

Regards, 

Liberty Star Uranium & Metals Corp.

	By: 	 	 
	Name: 	 	 
	Title: 	 	 

EXHIBIT D

PUT SETTLEMENT SHEET

Date: ________________

Dear Mr. ________, 

Pursuant to the Put given by Liberty Star Uranium & Metals
Corp. to KVM Capital Partners. (“KVM”) on _________________ 201_, we are now
submitting the amount of common shares for you to issue to KVM. 

Please have a certificate bearing no restrictive legend
totaling __________ shares issued to KVM immediately and send via DWAC to the
following account: 

[INSERT]

If not DWAC eligible, please send FedEx Priority Overnight to:

[INSERT ADDRESS]

Once these shares are received by us, we will have the funds
wired to the Company. 

Regards, 

KVM CAPITAL PARTNERS LLC

	By: 	 	 
	Name: 	 	 
	Title: 	 	 

SCHEDULE 4.3

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