Document:

EXHIBIT 10.2

 

PLEDGE AND SECURITY AGREEMENT

 

This PLEDGE AND SECURITY AGREEMENT (the “Agreement”),
dated October 18, 2013, is made by and between Jameson Stanford Resources, Corp., a Nevada corporation, inclusive of its wholly-owned
subsidiary, Bolcán Mining Corporation, a Nevada corporation, (the “Debtor”), and Edward F. Brogan, an
individual (the “Secured Party”) (together referred to as the “Parties”).

 

WHEREAS, Jameson Stanford Resources, Corp.
is conducting a private offering of up to $1,500,000 of 12% Convertible Redeemable Promissory Notes (the “12% Convertible
Notes”) to Edward F. Brogan, together with other investors who may purchase such 12% Convertible Notes;

 

WHEREAS, Debtor executed and delivered a certain
12% Convertible Redeemable Promissory Note of even date herewith payable to the order of the Secured Party with an original principal
amount of Five Hundred Thousand Dollars ($500,000) (the “Note”);

 

WHEREAS, Debtor has agreed to execute and deliver
this Pledge and Security Agreement to guaranty (a) all of the obligations of the Debtor under the Note, and (b) the Company’s
obligations under this Agreement, which shall rank pari passu in right of payment with the indebtedness of the Company arising
from the 12% Convertible Notes (the “Guaranty”).

 

NOW, THEREFORE, in consideration of the premises,
the mutual covenants and agreements herein contained, and other good and valuable consideration, the receipt, adequacy and sufficiency
of which are hereby acknowledged, the parties hereto, intending to be bound, do hereby agree as follows:

 

		1.	Grant of Security Interest and Collateral Assignment.
As collateral security for the due and punctual payment and performance of the Secured Obligations, as defined in Section 2 (Secured
Obligations) the Debtor hereby grants to the Secured Party, with full power and authority to exercise all rights and powers granted
by the Debtor hereunder, a lien upon, and a security interest, in and to, and hereby collaterally assigns to the Secured Party,
the following assets (the “Collateral”):

 

All
of the Debtor’s right, title and interest, in any capacity, now or hereafter acquired, in and to, the Company’s Star
Mountain Mining District, Chopar Mining Property, Beaver County, Utah (as described in the attached Exhibit A — Mining
Property & Legal Descriptions), together with all mineral ownership, mining rights, and proceeds of and distributions in respect
of any of the foregoing.

 

    	 

    	 

    

 

		2.	Secured Obligations. The debts, obligations and liabilities
secured hereby (the “Secured Obligations”) are the following: (i) any and all other obligations of the Debtor
to the Secured Party under the Notes and Guaranty, and any and all other obligations to or agreements with the Secured Party; and
(ii) the full amount of any indemnity arising under Section 3 (No Secured Party Liability re: Company; Indemnification); (iii)
the debts, obligations and liabilities of the Company arising from the 12% Convertible Notes; and (iv) any and all other obligations
of Debtor hereunder.
	 	 	 
		3.	No Secured Party Liability re Company; Indemnification. This pledge and security
interest is for Collateral purposes only, and the Secured Party shall not, either by virtue hereof, or by the retention of distributions
to which the Debtor would otherwise be entitled, or by virtue of its receipt of distributions from the Company, or by the exercise
of any of its rights hereunder, be deemed to be a partner or principal of the Company or to have any liability for the debts, obligations
or liabilities of the Company, the Debtor or any other participant in the Company or to have any obligation to make capital contributions
to the Company. The Debtor shall indemnify and hold harmless the Secured Party in its capacity as Secured Party from and against
any and all liability, loss or damage which it may suffer or incur and which arises out of or results from:

 

			(a) The Company’s organizational documents or any agreement to which the Company may be a
party (a “Company Agreement”), including, without limitation, the Debtor being named as a general or limited
partner therein or acting in such capacity pursuant to the terms thereof;
	 	 	 
			(b) This Agreement or the Secured Party’s receipt of distributions or the lawful exercise
of any rights of the Secured Party hereunder; and
	 	 	 
			(c) Any claimed or any alleged obligation, liability or duty on the part of the Secured Party to
perform or discharge any of the terms, covenants or provisions of any Company Agreement; together, in each instance, with all costs
and expenses (including, without limitation, court costs and reasonable attorneys’ fees) paid or incurred in connection therewith.
Notwithstanding the foregoing, the Debtor shall not be obligated to indemnify the Secured Party hereunder for any liability, loss
or damage which the Secured Party may suffer or incur as a result of gross negligence or willful misconduct by the Secured Party.
The Debtor shall reimburse the Secured Party upon demand for the full amount of any indemnity to which the Secured Party may be
entitled hereunder, and the full amount of the Debtor’s indemnity obligation shall be considered to be a Secured Obligation
and shall be secured hereby.

    	- 2 -

    	 

    

 

		4.	Certificates. If at any time any of the Collateral shall be represented by one or
more certificates or any documents which are instruments as defined in the Uniform Commercial Code, as amended from time to time
(the “UCC”), then the Debtor shall promptly deliver the same to the Secured Party, accompanied by transfer powers
endorsed in blank representing such certificates or documents, duly executed, with signatures guaranteed and proper evidence of
due authority to deliver such instruments and endorse such powers.
	 	 	 
		5.	Representations, Warranties and Covenants. The Debtor represents and warrants to,
and covenants with, the Secured Party that:

 

5.1
 No Certificates. The Collateral is not represented or evidenced by any form of certificate or other document which
is an instrument (as defined in the UCC); and to the extent so certificated, the Debtor shall comply with the provisions of Section
4 (Certificates).

 

 5.2
 No Liens. The Collateral is not subject to any restriction which would prohibit or restrict the granting of a security
interest in and collateral assignment of the Interest pursuant hereto, or any restriction which would prohibit or restrict the
sale or other disposition of the Collateral upon default hereunder.

 

 5.3
 Authority. The Debtor has all power, statutory and otherwise, to execute and deliver this Agreement, to perform its
obligations hereunder and to subject the Collateral to the security interest created hereby, all of which has been duly authorized
by all necessary action. The execution and delivery of this Agreement, and the performance of this Agreement and the enforcement
of the security interest granted hereby, will not result in any violation of or be in conflict with or constitute a default under
any term of any agreement or instrument, or any judgment, decree, order, law, statute, rule or governmental regulation applicable
to the Debtor or the collateral, or result in the creation of any mortgage, lien, charge or encumbrance upon the Collateral or
any other of the properties or assets of the Debtor (except pursuant hereto).

 

 5.4
 Ownership. The Debtor is the sole record and beneficial owner of the Collateral, and neither the Collateral nor the
proceeds thereof are subject to any pledge, lien, security interest, charge or encumbrance except the lien created pursuant to
this Agreement. The Debtor will defend the Collateral against all claims and demands on all persons at any time claiming any interest
therein. Other than the financing statements filed pursuant to this Agreement, no currently effective financing statement covering
the Collateral is on file in any public office where such financing statements are required or permitted to be filed pursuant to
the UCC.

 

 5.5
 Consent of Secured Party. The Debtor shall not enter into any amendment to any Company Agreement without the prior written
consent of the Secured Party (which consent the Secured Party may give or withhold in its sole discretion), but which consent shall
be deemed to be given if it is not denied within thirty (30) days after Debtor gives notice, pursuant to the provisions of Section
11 (Notices), to the Secured Party and its attorney.

 

    	- 3 -

    	 

    

 

 5.6
 No Assignment. The Debtor shall not (i) sell, assign, pledge, encumber, grant a security interest in or otherwise transfer
or dispose of, or create or suffer to be created any lien, security interest or encumbrance on, any of the Collateral without the
prior written consent of the Secured Party (which consent the Secured Party may give or withhold in its sole discretion). The Debtor
shall give the Secured Party prompt and detailed notice (i) of any lien, security interest, encumbrance or claim made or asserted
against any of the Collateral, (ii) of any distribution of cash or other property by the Company, whether in complete or partial
liquidation or otherwise, and of any other material change in the composition of the Collateral, and (iii) of the occurrence of
any other event which could have a material adverse effect on the aggregate value of the Collateral or on the security interest
created hereunder.

 

 5.7
 Principal Address of Debtor. The Debtor’s principal place of business is 2300 West Sahara Avenue, Suite 800, Las
Vegas, NV 89102 and the office in which the records concerning the Collateral are kept is located at such address. The Debtor will
not locate Debtor’s principal place of business or residence, as the case may be, at another address, and will not remove
the Debtor’s records relating to the Collateral to another location without (i) giving the Secured Party thirty (30) days
prior written notice thereof, and (ii) in connection with any such changes, executing and delivering, or causing to be executed
and delivered, to the Secured Party all such additional security agreements, financing statements and other documents as the Secured
Party shall reasonably require due to any such change.

 

 5.8
 Name Changes. The Debtor will not change his name without (i) giving the Secured Party thirty (30) days prior written
notice thereof and (ii) in connection with any such change, executing and delivering, or causing to be executed and delivered,
to the Secured Party all such additional security agreements, financing statements and other documents as the Secured Party shall
reasonably require.

 

 5.9
 Distributions. The Debtor has agreed that all distributions on account of the Interest are to be paid directly to the
Secured Party and Debtor shall obtain all consents from the Company to such, except that as long as no default or Event of Default
exists hereunder or any document or instrument creating the Secured Obligations or standing as security therefor, the Debtor may
retain such distributions.

 

  5.10 Rank, Pari Passu. The obligations of the Company under this Agreement and the Note rank pari passu in right of payment with the indebtedness of the Company arising from the 12% Convertible Notes.

 

    	- 4 -

    	 

    

 

		6.	Events of Default.

 

6.1 Events of Default.
The occurrence of any one or more of the following events shall constitute an event of default (an “Event of Default”)
under this Agreement: (i) should any representation or warranty made by or on behalf of the Debtor in this Agreement or in any
document related hereto be, or become, materially inaccurate (except to the extent rendered inaccurate by the mere passage of time
or by reason of actions taken by the Debtor with the prior written consent of the Secured Party or expressly permitted hereby);
or (ii) Should the Debtor default in the due performance or observance of any term, covenant or agreement on his part to be performed
or observed pursuant to this Agreement, pursuant to any document or instrument creating the Secured Obligations or standing as
security therefor, or pursuant to any other agreement with the Secured Party, as the case may be.

 

6.2 Remedies.
If an Event of Default shall occur hereunder: (i) the Secured Party may take possession of the Collateral and may exclude
the Debtor, and all persons claiming by, through or under the Debtor, from possession thereof, and may assign the Collateral to
a nominee or a third party (it being understood that, in connection therewith, the Secured Party or any third party assignee or
nominee of the Secured Party shall have the right to exercise, in the name of the Debtor, Debtor’s rights and powers as
a principal including “Manager” of any LLC, if applicable, of the Company); and (ii) the Secured Party shall have
all rights and remedies of a secured party available under the UCC and any other rights and remedies available under this Security
Agreement or at law or in equity.

 

6.3 Substitute
Principal. In the event of the taking of possession of the Collateral, the Secured Party or any third party assignee or nominee
of the Secured Party, may, in addition to (but in no way limiting) the foregoing remedies, become a substitute principal in the
Company (including, but not limited to, a partner in any partnership, a member and/or manager in any LLC or LLP, and a stockholder
of any corporation).

 

6.4 Disposition
of Collateral. More specifically, but in no way in limitation of the rights and remedies of the Secured Party, the Secured
Party may, upon ten (10) days’ notice (which notice shall be deemed to satisfy any requirement of reasonable notification)
to the Debtor of the time, place and circumstances of sale, and without liability for any diminution in price which may have occurred,
sell or otherwise dispose of all or any part of the Collateral. Such sale or other disposition may be by public or private proceedings
and may be made by way of one or more contracts, as a unit or in portions, at such time and place, by such method, and in such
manner and on such terms, as the Secured Party may determine. At any public sale, the Secured Party shall be free to purchase
all or any part of the Collateral. The Debtor recognizes that the fact that the Interest is not registered under the Securities
Act of 1933 and is unlikely to be registered in the future may necessitate a private sale which is likely to result in a lower
price than would a public sale, and hereby consents to such a private sale and agrees that the same is commercially reasonable.

 

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6.5 Proceeds
of Disposition. The proceeds of any sale or other disposition of or collection of or other realization upon all or any part
of the Collateral (together with any cash held as Collateral hereunder), shall be applied in the following order of priority:
First, to pay the costs and expenses of collection, custody, sale or other disposition or delivery (including, without limitation,
reasonable legal costs and attorneys’ fees) and all other charges incurred by the Secured Party with respect to the Collateral;
Second, to the payment of the Secured Obligations pari passu in right of payment with the 12% Convertible Notes; and third,
to pay any surplus to the Debtor or to any person or party lawfully entitled thereto, or as a court of competent jurisdiction
may direct.

 

6.6 Sufficient
Discharge. The receipt given by the Secured Party for the purchase money paid at any sale shall be a sufficient discharge
therefor to any purchaser of all or any part of the Collateral sold. No such purchaser, after paying such purchase money and receiving
such receipt, shall be bound to see to the application of such purchase money or any part thereof, or in any manner be answerable
for any loss, misapplication or non-application of any such purchase money, or any part thereof, or be bound to inquire as to
the authorization, necessity, expediency or regularity of any such sale.

 

	 	7.	Attorney-in-Fact. The Secured Party is hereby appointed the attorney-in-fact, with
full power of substitution, of the Debtor for the purpose of carrying out the provisions hereof and taking any action and executing
any instruments, including, without limitation, financing or continuation statements, conveyances, assignments and transfers which
are required to be taken or executed by the Debtor, and including any documents required to be signed by the Debtor to designate
the Secured Party or its nominee or third party assignee, or the purchaser of all or part of the Collateral, as a substitute principal
in the Company in the event of foreclosure, which the Secured Party may deem necessary or advisable to accomplish the purposes
hereof, which appointment as attorney-in-fact is coupled with an interest and is irrevocable. The Debtor shall indemnify and hold
harmless the Secured Party from and against any liability or damage which it may incur in the exercise and performance, in good
faith, of any of its powers and duties specifically set forth herein, but not for any liability or damage incurred on account of
the gross negligence or willful misconduct of the Secured Party.

 

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	 	8.	Waivers. To the extent permitted by law, the Debtor hereby waives any right he may
have under applicable law, to notice or to a judicial hearing prior to the exercise of any right or remedy provided hereby to the
Secured Party and waives the Debtor’s rights, if any, to set aside or invalidate any sale duly consummated in accordance
with the provisions hereof on the grounds (if such be the case) that the sale was consummated without a prior judicial hearing.
The Debtor’s waivers under this Section 8 (Waivers) have been made voluntarily, intelligently and knowingly, and after the
Debtor has been apprised and counseled by the Debtor’s attorneys as to the nature thereof and the Debtor’s possible
alternative rights. No delay or omission on the part of the Secured Party in exercising any right hereunder shall operate as a
waiver of such right or of any right hereunder. Any waiver of any such right on any one occasion shall not be construed as a bar
to or waiver of any such right on any such future occasion. No course of dealing between the Debtor and the Secured Party nor any
failure to exercise, nor any delay in exercising, on the part of the Secured Party, any right, power or privilege hereunder or
under any of the Secured Obligations, shall operate as a waiver thereof; nor shall any single or partial exercise of any right,
power or privilege hereunder or thereunder preclude any other or further exercise thereof or the exercise of any other right, power
or privilege. Notwithstanding the immediately preceding provisions of this Section 8 (Waivers) in the event that other sections
of this Agreement specifically grant the right of notice to the Debtor, the Debtor shall enjoy such specific rights, and the provisions
of such other sections shall supersede the foregoing provisions of this Section 8 (Waivers).
	 	 	 
	 	9.	Termination; Assignments. This Agreement and the security interest in and lien on
the collateral created hereby shall terminate when all of the Secured Obligations have been paid in full. In the event of a sale
or assignment (including without limitation a collateral assignment) by the Secured Party of all or any part of the Secured Obligations
held by it, the Secured Party shall be deemed to have assigned or transferred its rights and interests under this Agreement, to
the extent of such sale or assignment, to purchaser or purchasers of such Secured Obligations, whereupon such purchaser or purchasers
shall become vested with the powers and rights so assigned by the Secured Party hereunder and the Secured Party shall, to that
extent, thereafter be released and discharged from any liability or responsibility hereunder, with respect to the rights and interest
so assigned, but if and to the extent that the Secured Party retains any interest in the Collateral, the Secured Party will continue
to have the rights and powers set forth herein with respect thereto.
	 	 	 
	 	10.	Governmental Approvals, Etc. Upon the exercise by the Secured Party of any power, right, privilege or remedy pursuant
to this Agreement which requires any consent, approval, registration, qualification or authorization of any governmental authority
or instrumentality, the Debtor shall execute and deliver, or will cause the execution and deliver of, all applications, certificates,
instruments and other documents and papers that the Secured Party may require therefor.

 

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	 	11.	Notices. All notices, requests, demands, consents, approvals or other communications to or upon the respective parties
hereto shall be in writing and delivered in hand or mailed by certified or registered mail, return receipt requested, and shall
conclusively be deemed to have been received and shall be effective on the day on which delivered in writing to the party to which
such notice, request, demand, consent, approval or other communication is required or permitted to be given or made under this
Agreement (or, in the event of refusal of delivery, when refused) addressed in the case of the Secured Party, to:

 

If
to Secured Party:

Edward F. Brogan

215 East 73rd Street, Apt 5A

New York NY 10021

 

If to Debtor:

Jameson Stanford
Resources Corporation

Attn: Robbie
Chidester, CFO

2300 West Sahara
Avenue, Suite 800

 Las Vegas, NV
89102

 

or
at such other address as either party may hereafter specify in writing to the other party. A notice given in accordance with this
Section 11 is herein called a “Notice”.

 

	 	12.	Miscellaneous.

 

12.1 Governing Law.
This Agreement and any other instruments executed and delivered to evidence, complete, or perfect the transactions contemplated
hereby, will be interpreted, construed, applied and enforced in accordance with the laws of the State of Nevada applicable to contracts
to be performed entirely within the State of Nevada, regardless of (i) where any such instrument is executed or delivered; or (ii)
where any payment or other performance required by any such instrument is made or required to be made; or (iii) where any breach
of any provision of any such instrument occurs, or any cause of action otherwise accrues; or (iv) where any action or other proceeding
is instituted or pending; or (v) the nationality, citizenship, domicile, principal place of business, or jurisdiction of organization
or domestication of any party; or (vi) whether the laws of the forum jurisdiction otherwise would apply the laws of a jurisdiction
other than the State of Nevada; or (vii) any combination of the foregoing. Notwithstanding the foregoing, the laws of the jurisdiction
where any of the Collateral is situated or otherwise has a situs will apply to the perfection, disposition, and realization
upon such Collateral.

 

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12.2 Jurisdiction.
To the full extent permitted by applicable law, any action to enforce, arising out of, or relating in any way to, any of the provisions
of this Agreement may be brought and prosecuted in such court or courts located in the State of Nevada as is provided by law; and
the parties consent to the jurisdiction of said court or courts located in the State of Nevada and to service of process by registered
mail, return receipt requested, or by any other manner provided by law. To the extent that jurisdiction in the State of Utah may
be required, necessary or convenient to enforce, arising out of, or relating in any way to, any of the provisions of this Agreement,
the Parties further consent to the jurisdiction of said court or courts located in the State of Utah.

 

12.3 Injunctive
Relief. The Debtor agrees that the Debtor’s obligations and the rights of the Secured Party hereunder and under the
Secured Obligation may be enforced by specific performance hereof and thereof and temporary, preliminary and/or final injunctive
relief relating hereto and thereto, without necessity for proof by the Secured Party that the Secured Party would otherwise suffer
irreparable harm, and the Debtor hereby consents to the issuance of such specific injunctive relief.

 

12.4 Secured Party
Liability. The Secured Party shall be under no duty or liability with respect to the Collateral other than to use reasonable
care in the custody of any certificate representing the Collateral while in its possession, and shall not be liable for any failure
to take action necessary to preserve rights against prior parties on any instrument constituting Collateral. The Debtor agrees
that in dealing with the Secured Party, the Debtor shall look solely to the assets and property of the Secured Party, in that
no trustee, beneficiary, officer, director or agent of the Secured Party assumes any personal liability for the obligations of
the Secured Party.

 

12.5 Cumulative
Remedies. The rights and remedies of the Secured Party herein provided or provided under any other agreement or instrument,
or otherwise available, are cumulative, and are in addition to and not exclusive of or in limitation of any rights and remedies
provided by law, including, without limitation, the rights and remedies of secured party under the UCC.

 

12.6 Attorneys’
Fees. All costs and expenses, including without limitation, legal costs and reasonable attorneys’ fees, incurred by
the Secured Party in enforcing this Agreement shall be chargeable to and secured by the Collateral hereunder.

 

12.7 Continuing Security
Interest; Assignment. This Agreement shall create a continuing security interest in the Collateral and shall remain in full
force and effect until the payment in full of the Secured Obligations and all other amounts payable under the Note and Guaranty.
All rights of the Secured Party hereunder shall inure to the benefit of its successors and assigns, and this Security Agreement
shall bind the Debtor’s heirs, legal representatives, successors and assigns.

 

    	- 9 -

    	 

    

 

12.8 Counterparts. This Security Agreement
may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one
instrument.

 

12.9 Separability.
If any provision hereof shall be invalid or unenforceable in any respect or in any jurisdiction, the remaining provisions hereof
shall remain in full force and effect and shall be enforceable to the maximum extent permitted by law.

 

12.10 No Consent. No
consent, approval or waiver hereunder or pursuant hereto shall be binding unless in writing.

 

12.11 Section
Headings. The section headings provided in this Agreement are for convenience of reference only and shall not be
considered in construing this Agreement.

 

12.2
Amendments. No amendment or waiver of any provision of this Agreement, and no consent to any departure of the
Debtor here from, shall in any event be effective, unless the same shall be in writing and signed by the parties.

 

IN WITNESS WHEREOF, the Parties have
caused this Agreement to be executed and effective on the day and year first written above.

 

ASSIGNOR:

 

Jameson Stanford Resources Corporation

 

	By:	/s/
    Michael Stanford	 
	Name:	Michael
    Stanford	 
	Its:	President
    & Chief Executive Officer	

 

SECURED PARTY:

 

	By:	 	 
		Edward
    F. Brogan	 

 

    	- 10 -

    	 

    

 

Exhibit
A

 

Mining
Property & Legal Descriptions

 

A.
Mineral Lease No. ML 52134 between School and Institutional Trust Lands Administration and Bolcán Mining Corporation dated
May 1, 2012.

 

B. Mining Claims

 

The
mining claims identified in the Notice of Location filed by Bolcán Mining Corp. as locator with the U.S. Bureau of Land
Management as set forth below:

 

	Serial
    Number	 	Date
    Assigned	 	Proprietor	 	Entry
    User	 	Requested
    User	 	Claim
    Name
	UMC417500	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    1
	UMC417501	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    2
	UMC417502	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    3
	UMC417503	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    4
	UMC417504	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    5
	UMC417505	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    6
	UMC417506	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    7
	UMC417507	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    8
	UMC417508	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    9
	UMC417509	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    10
	UMC417510	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    11
	UMC417511	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    12
	UMC417512	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    13
	UMC417513	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    14
	UMC417514	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    15
	UMC417515	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    16
	UMC417516	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    17
	UMC417517	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    18
	UMC417518	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    19
	UMC417519	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    20
	UMC417520	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    21
	UMC417521	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    22
	UMC417522	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    23
	UMC417523	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    24
	UMC417524	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    25
	UMC417525	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    26
	UMC417526	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    27
	UMC417527	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    28
	UMC417528	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    29
	UMC417529	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    30
	UMC417530	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    31
	UMC417531	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    32
	UMC417532	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    33
	UMC417533	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    34
	UMC417534	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    35
	UMC417535	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    36
	UMC417536	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    37
	UMC417537	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    38
	UMC417538	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    39

 

    	A - 1 

    	 

    

 

	Seriel
    Number	 	Date
    Assigned	 	Proprietor	 	Entry
    User	 	Requested
    User	 	Claim
    Name 
	UMC417539	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    40
	UMC417540	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    41
	UMC417541	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    42
	UMC417542	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    43
	UMC417543	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    44
	UMC417544	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    45
	UMC417545	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    46
	UMC417546	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    47
	UMC417547	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    48
	UMC417548	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    49
	UMC417549	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    50
	UMC417550	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    51
	UMC417551	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    52
	UMC417552	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    53
	UMC417553	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    54
	UMC417554	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    55
	UMC417555	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    56
	UMC417556	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    57
	UMC417557	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    58
	UMC417558	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    59
	UMC417559	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    60
	UMC417560	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    61
	UMC417561	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    62
	UMC417562	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    63
	UMC417563	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    64
	UMC417564	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    65
	UMC417565	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    66
	UMC417566	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    67
	UMC417567	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    68
	UMC417568	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    69
	UMC417569	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    70
	UMC417570	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    71
	UMC417571	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    72
	UMC417572	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    73
	UMC417573	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    74
	UMC417574	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    75
	UMC417575	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    76
	UMC417576	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    77
	UMC417577	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    78
	UMC417578	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    79
	UMC417579	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    80
	UMC417580	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    81
	UMC417581	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    82
	UMC417582	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    83
	UMC417583	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    84
	UMC417584	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    85
	UMC417585	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    86
	UMC417586	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    87
	UMC417587	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    88
	UMC417588	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    89
	UMC417589	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    90
	UMC417590	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    91
	UMC417591	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    92

 

    	A - 2 

    	 

    

 

	Seriel
    Number	 	Date
    Assigned	 	Proprietor	 	Entry
    User 	 	Requested
    User	 	Claim
    Name
	UMC417592	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    93
	UMC417593	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    94
	UMC417594	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    95
	UMC417595	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    96
	UMC417596	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    97
	UMC417597	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    98
	UMC417598	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    99
	UMC417599	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    100
	UMC417600	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    101
	UMC417601	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    102
	UMC417602	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    103
	UMC417603	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    104
	UMC417604	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    105
	UMC417605	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    106
	UMC417606	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    107
	UMC417607	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    108
	UMC417608	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    109
	UMC417609	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    110
	UMC417610	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    111
	UMC417611	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    112
	UMC417612	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    113
	UMC417613	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    114
	UMC417614	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    115
	UMC417615	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    116
	UMC417616	 	4/23/2012	 	BOLCAN
    MINING CORP	 	CMOUNTAI	 	CMOUNTAI	 	CHOPAR
    117

 

    	A - 3EXHIBIT 10.3

 

THIS
COMMON STOCK PURCHASE WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THE COMMON STOCK PURCHASE WARRANT HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND ACCORDINGLY MAY NOT BE SOLD, OFFERED
FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO
AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS.

 

JAMESON
STANFORD RESOURCES CORPORATION

COMMON
STOCK PURCHASE WARRANT

 

Jameson
Stanford Resources Corporation, a Nevada corporation (the “Company”), hereby agrees that, for value received,
Edward F. Brogan (the “Holder”), is entitled, subject to the terms set forth below, to purchase from the Company
at any time or from time to time before 5:00 p.m. ET, on October 31, 2015, up to 500,000 shares of Common Stock of the Company
(the “Common Stock”), at an exercise price of $1.00 per share, subject to adjustment (the “Exercise
Price”). This Common Stock Purchase Warrant (the “Warrant”) was offered as part of a private securities
offering of 12% Convertible Redeemable Promissory Notes and Common Stock Purchase Warrants, the terms of which are described in
such respective agreements executed by the Holder of same date herewith (the “Offering”).

 

	1.		EXERCISE
                                                                                                                                                                                                                                                            OF
                                                                                                                                                                                                                                                            WARRANT.
                                                                                                                                                                                                                                                            The
                                                                                                                                                                                                                                                            purchase
                                                                                                                                                                                                                                                            rights
                                                                                                                                                                                                                                                            granted
                                                                                                                                                                                                                                                            by
                                                                                                                                                                                                                                                            this
                                                                                                                                                                                                                                                            Warrant
                                                                                                                                                                                                                                                            shall
                                                                                                                                                                                                                                                            be
                                                                                                                                                                                                                                                            exercised
                                                                                                                                                                                                                                                            in
                                                                                                                                                                                                                                                            whole
                                                                                                                                                                                                                                                            or
                                                                                                                                                                                                                                                            in
                                                                                                                                                                                                                                                            part
                                                                                                                                                                                                                                                            by
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            Holder
                                                                                                                                                                                                                                                            surrendering
                                                                                                                                                                                                                                                            this
                                                                                                                                                                                                                                                            Warrant
                                                                                                                                                                                                                                                            with
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            form
                                                                                                                                                                                                                                                            of
                                                                                                                                                                                                                                                            exercise
                                                                                                                                                                                                                                                            document
                                                                                                                                                                                                                                                            attached
                                                                                                                                                                                                                                                            hereto
                                                                                                                                                                                                                                                            duly
                                                                                                                                                                                                                                                            executed
                                                                                                                                                                                                                                                            by
                                                                                                                                                                                                                                                            such
                                                                                                                                                                                                                                                            Holder,
                                                                                                                                                                                                                                                            to
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            Company
                                                                                                                                                                                                                                                            at
                                                                                                                                                                                                                                                            its
                                                                                                                                                                                                                                                            principal
                                                                                                                                                                                                                                                            office,
                                                                                                                                                                                                                                                            accompanied
                                                                                                                                                                                                                                                            by
                                                                                                                                                                                                                                                            cash
                                                                                                                                                                                                                                                            or
                                                                                                                                                                                                                                                            by
                                                                                                                                                                                                                                                            certified
                                                                                                                                                                                                                                                            check
                                                                                                                                                                                                                                                            or
                                                                                                                                                                                                                                                            by
                                                                                                                                                                                                                                                            bank
                                                                                                                                                                                                                                                            wire
                                                                                                                                                                                                                                                            transfer
                                                                                                                                                                                                                                                            in
                                                                                                                                                                                                                                                            immediately
                                                                                                                                                                                                                                                            available
                                                                                                                                                                                                                                                            funds
                                                                                                                                                                                                                                                            payable
                                                                                                                                                                                                                                                            to
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            order
                                                                                                                                                                                                                                                            of
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            Company
                                                                                                                                                                                                                                                            for
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            purchase
                                                                                                                                                                                                                                                            price
                                                                                                                                                                                                                                                            payable
                                                                                                                                                                                                                                                            in
                                                                                                                                                                                                                                                            respect
                                                                                                                                                                                                                                                            of
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            shares
                                                                                                                                                                                                                                                            of
                                                                                                                                                                                                                                                            Common
                                                                                                                                                                                                                                                            Stock
                                                                                                                                                                                                                                                            being
                                                                                                                                                                                                                                                            purchased
                                                                                                                                                                                                                                                            (the
                                                                                                                                                                                                                                                            “Warrant
                                                                                                                                                                                                                                                            Shares”).
                                                                                                                                                                                                                                                            If
                                                                                                                                                                                                                                                            less
                                                                                                                                                                                                                                                            than
                                                                                                                                                                                                                                                            all
                                                                                                                                                                                                                                                            of
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            shares
                                                                                                                                                                                                                                                            purchasable
                                                                                                                                                                                                                                                            hereunder
                                                                                                                                                                                                                                                            are
                                                                                                                                                                                                                                                            purchased,
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            Company
                                                                                                                                                                                                                                                            will,
                                                                                                                                                                                                                                                            upon
                                                                                                                                                                                                                                                            such
                                                                                                                                                                                                                                                            exercise,
                                                                                                                                                                                                                                                            execute
                                                                                                                                                                                                                                                            and
                                                                                                                                                                                                                                                            deliver
                                                                                                                                                                                                                                                            to
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            Holder
                                                                                                                                                                                                                                                            hereof
                                                                                                                                                                                                                                                            a
                                                                                                                                                                                                                                                            new
                                                                                                                                                                                                                                                            Warrant
                                                                                                                                                                                                                                                            (dated
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            date
                                                                                                                                                                                                                                                            hereof)
                                                                                                                                                                                                                                                            evidencing
                                                                                                                                                                                                                                                            the
                                                                                                                                                                                                                                                            number
                                                                                                                                                                                                                                                            of
                                                                                                                                                                                                                                                            shares
                                                                                                                                                                                                                                                            not
                                                                                                                                                                                                                                                            so
                                                                                                                                                                                                                                                            purchased.

 

			Net
                                                                                                                                                                 Issue
                                                                                                                                                                 Exercise.
                                                                                                                                                                 In
                                                                                                                                                                 lieu
                                                                                                                                                                 of
                                                                                                                                                                 exercising
                                                                                                                                                                 this
                                                                                                                                                                 Warrant,
                                                                                                                                                                 the
                                                                                                                                                                 Holder
                                                                                                                                                                 may
                                                                                                                                                                 elect
                                                                                                                                                                 to
                                                                                                                                                                 receive
                                                                                                                                                                 Warrant
                                                                                                                                                                 Shares
                                                                                                                                                                 equal
                                                                                                                                                                 to
                                                                                                                                                                 the
                                                                                                                                                                 value
                                                                                                                                                                 of
                                                                                                                                                                 this
                                                                                                                                                                 Warrant
                                                                                                                                                                 by
                                                                                                                                                                 surrender
                                                                                                                                                                 of
                                                                                                                                                                 this
                                                                                                                                                                 Warrant
                                                                                                                                                                 at
                                                                                                                                                                 the
                                                                                                                                                                 principal
                                                                                                                                                                 office
                                                                                                                                                                 of
                                                                                                                                                                 the
                                                                                                                                                                 Company
                                                                                                                                                                 together
                                                                                                                                                                 with
                                                                                                                                                                 notice
                                                                                                                                                                 of
                                                                                                                                                                 such
                                                                                                                                                                 election,
                                                                                                                                                                 in
                                                                                                                                                                 which
                                                                                                                                                                 event
                                                                                                                                                                 the
                                                                                                                                                                 Company
                                                                                                                                                                 shall
                                                                                                                                                                 issue
                                                                                                                                                                 to
                                                                                                                                                                 the
                                                                                                                                                                 Holder
                                                                                                                                                                 the
                                                                                                                                                                 number
                                                                                                                                                                 of
                                                                                                                                                                 Warrant
                                                                                                                                                                 Shares
                                                                                                                                                                 computed
                                                                                                                                                                 using
                                                                                                                                                                 the
                                                                                                                                                                 following
                                                                                                                                                                 formula:

 

	 	 	X	=	Y*(Z-T)/Z
	 	 	 	 	 
	 	Where:	X	=	the
    number of Warrant Shares to be issued to the Holder.
	 	 	Y	=	the
    number of Warrant Shares purchasable hereunder.
	 	 	Z	=	the
    market value of one Share of Common Stock on the date of determination.
	 	 	T	=	the
    per share Exercise Price (as adjusted).

  

    	- 1 -

    	 

    

 

			Market
                                                                                                                                                                 Value.
                                                                                                                                                                 For
                                                                                                                                                                 purposes
                                                                                                                                                                 of
                                                                                                                                                                 this
                                                                                                                                                                 Section
                                                                                                                                                                 1,
                                                                                                                                                                 the
                                                                                                                                                                 per
                                                                                                                                                                 share
                                                                                                                                                                 market
                                                                                                                                                                 value
                                                                                                                                                                 of
                                                                                                                                                                 the
                                                                                                                                                                 Warrant
                                                                                                                                                                 Shares
                                                                                                                                                                 shall
                                                                                                                                                                 be
                                                                                                                                                                 the
                                                                                                                                                                 average
                                                                                                                                                                 of
                                                                                                                                                                 the
                                                                                                                                                                 closing
                                                                                                                                                                 prices
                                                                                                                                                                 of
                                                                                                                                                                 the
                                                                                                                                                                 Common
                                                                                                                                                                 Stock
                                                                                                                                                                 as
                                                                                                                                                                 quoted
                                                                                                                                                                 on
                                                                                                                                                                 the
                                                                                                                                                                 Over-the-Counter
                                                                                                                                                                 Bulletin
                                                                                                                                                                 Board,
                                                                                                                                                                 or
                                                                                                                                                                 the
                                                                                                                                                                 principal
                                                                                                                                                                 exchange
                                                                                                                                                                 on
                                                                                                                                                                 which
                                                                                                                                                                 the
                                                                                                                                                                 Common
                                                                                                                                                                 Stock
                                                                                                                                                                 is
                                                                                                                                                                 listed,
                                                                                                                                                                 for
                                                                                                                                                                 the
                                                                                                                                                                 fifteen
                                                                                                                                                                 trading
                                                                                                                                                                 days
                                                                                                                                                                 ending
                                                                                                                                                                 five
                                                                                                                                                                 trading
                                                                                                                                                                 days
                                                                                                                                                                 prior
                                                                                                                                                                 to
                                                                                                                                                                 the
                                                                                                                                                                 date
                                                                                                                                                                 of
                                                                                                                                                                 determination
                                                                                                                                                                 of
                                                                                                                                                                 market
                                                                                                                                                                 value.

 

			As
                                                                                                                                                                 soon
                                                                                                                                                                 as
                                                                                                                                                                 practicable
                                                                                                                                                                 after
                                                                                                                                                                 any
                                                                                                                                                                 exercise
                                                                                                                                                                 of
                                                                                                                                                                 this
                                                                                                                                                                 Warrant
                                                                                                                                                                 and
                                                                                                                                                                 payment
                                                                                                                                                                 of
                                                                                                                                                                 the
                                                                                                                                                                 purchase
                                                                                                                                                                 price
                                                                                                                                                                 (if
                                                                                                                                                                 applicable),
                                                                                                                                                                 the
                                                                                                                                                                 Company
                                                                                                                                                                 will
                                                                                                                                                                 cause
                                                                                                                                                                 to
                                                                                                                                                                 be
                                                                                                                                                                 issued
                                                                                                                                                                 in
                                                                                                                                                                 the
                                                                                                                                                                 name
                                                                                                                                                                 of
                                                                                                                                                                 and
                                                                                                                                                                 delivered
                                                                                                                                                                 to
                                                                                                                                                                 the
                                                                                                                                                                 Holder
                                                                                                                                                                 hereof,
                                                                                                                                                                 or
                                                                                                                                                                 as
                                                                                                                                                                 such
                                                                                                                                                                 Holder
                                                                                                                                                                 may
                                                                                                                                                                 direct,
                                                                                                                                                                 a
                                                                                                                                                                 certificate
                                                                                                                                                                 or
                                                                                                                                                                 certificates
                                                                                                                                                                 representing
                                                                                                                                                                 the
                                                                                                                                                                 Warrant
                                                                                                                                                                 Shares
                                                                                                                                                                 purchased
                                                                                                                                                                 upon
                                                                                                                                                                 such
                                                                                                                                                                 exercise.
                                                                                                                                                                 The
                                                                                                                                                                 Company
                                                                                                                                                                 may
                                                                                                                                                                 require
                                                                                                                                                                 that
                                                                                                                                                                 such
                                                                                                                                                                 certificate
                                                                                                                                                                 or
                                                                                                                                                                 certificates
                                                                                                                                                                 contain
                                                                                                                                                                 on
                                                                                                                                                                 the
                                                                                                                                                                 face
                                                                                                                                                                 thereof
                                                                                                                                                                 a
                                                                                                                                                                 legend
                                                                                                                                                                 substantially
                                                                                                                                                                 as
                                                                                                                                                                 follows:

 

			“The
                                                                                                                                                                 transfer
                                                                                                                                                                 of
                                                                                                                                                                 the
                                                                                                                                                                 shares
                                                                                                                                                                 represented
                                                                                                                                                                 by
                                                                                                                                                                 this
                                                                                                                                                                 certificate
                                                                                                                                                                 is
                                                                                                                                                                 restricted
                                                                                                                                                                 pursuant
                                                                                                                                                                 to
                                                                                                                                                                 the
                                                                                                                                                                 terms
                                                                                                                                                                 of
                                                                                                                                                                 a
                                                                                                                                                                 Common
                                                                                                                                                                 Stock
                                                                                                                                                                 Purchase
                                                                                                                                                                 Warrant
                                                                                                                                                                 dated
                                                                                                                                                                 October
                                                                                                                                                                 18,
                                                                                                                                                                 2013
                                                                                                                                                                 issued
                                                                                                                                                                 by
                                                                                                                                                                 Jameson
                                                                                                                                                                 Stanford
                                                                                                                                                                 Resources
                                                                                                                                                                 Corporation,
                                                                                                                                                                 a
                                                                                                                                                                 copy
                                                                                                                                                                 of
                                                                                                                                                                 which
                                                                                                                                                                 is
                                                                                                                                                                 available
                                                                                                                                                                 for
                                                                                                                                                                 inspection
                                                                                                                                                                 at
                                                                                                                                                                 the
                                                                                                                                                                 offices
                                                                                                                                                                 of
                                                                                                                                                                 Jameson
                                                                                                                                                                 Stanford
                                                                                                                                                                 Resources
                                                                                                                                                                 Corporation.
                                                                                                                                                                 Transfer
                                                                                                                                                                 may
                                                                                                                                                                 not
                                                                                                                                                                 be
                                                                                                                                                                 made
                                                                                                                                                                 except
                                                                                                                                                                 in
                                                                                                                                                                 accordance
                                                                                                                                                                 with
                                                                                                                                                                 the
                                                                                                                                                                 terms
                                                                                                                                                                 of
                                                                                                                                                                 the
                                                                                                                                                                 Common
                                                                                                                                                                 Stock
                                                                                                                                                                 Purchase
                                                                                                                                                                 Warrant.
                                                                                                                                                                 In
                                                                                                                                                                 addition,
                                                                                                                                                                 no
                                                                                                                                                                 sale,
                                                                                                                                                                 offer
                                                                                                                                                                 to
                                                                                                                                                                 sell
                                                                                                                                                                 or
                                                                                                                                                                 transfer
                                                                                                                                                                 of
                                                                                                                                                                 this
                                                                                                                                                                 Common
                                                                                                                                                                 Stock
                                                                                                                                                                 Purchase
                                                                                                                                                                 Warrant
                                                                                                                                                                 or
                                                                                                                                                                 the
                                                                                                                                                                 shares
                                                                                                                                                                 of
                                                                                                                                                                 common
                                                                                                                                                                 stock
                                                                                                                                                                 represented
                                                                                                                                                                 by
                                                                                                                                                                 this
                                                                                                                                                                 certificate
                                                                                                                                                                 shall
                                                                                                                                                                 be
                                                                                                                                                                 made
                                                                                                                                                                 unless
                                                                                                                                                                 a
                                                                                                                                                                 Registration
                                                                                                                                                                 Statement
                                                                                                                                                                 under
                                                                                                                                                                 the
                                                                                                                                                                 Securities
                                                                                                                                                                 Act
                                                                                                                                                                 of
                                                                                                                                                                 1933,
                                                                                                                                                                 as
                                                                                                                                                                 amended
                                                                                                                                                                 (the
                                                                                                                                                                 “Securities
                                                                                                                                                                 Act”),
                                                                                                                                                                 with
                                                                                                                                                                 respect
                                                                                                                                                                 to
                                                                                                                                                                 such
                                                                                                                                                                 shares
                                                                                                                                                                 is
                                                                                                                                                                 then
                                                                                                                                                                 in
                                                                                                                                                                 effect
                                                                                                                                                                 or
                                                                                                                                                                 an
                                                                                                                                                                 exemption
                                                                                                                                                                 from
                                                                                                                                                                 the
                                                                                                                                                                 registration
                                                                                                                                                                 requirements
                                                                                                                                                                 of
                                                                                                                                                                 the
                                                                                                                                                                 Securities
                                                                                                                                                                 Act
                                                                                                                                                                 is
                                                                                                                                                                 then
                                                                                                                                                                 in
                                                                                                                                                                 fact
                                                                                                                                                                 applicable
                                                                                                                                                                 to
                                                                                                                                                                 such
                                                                                                                                                                 shares.”

 

2.
NEGOTIABILITY AND TRANSFER. This Warrant is issued upon the following terms, to which each Holder hereof consents and agrees:

 

(a)
Until this Warrant is duly transferred on the books of the Company, the Company may treat the registered Holder of this Warrant
as the absolute owner hereof for all purposes without being affected by any notice to the contrary.

 

(b)
Each successive Holder of this Warrant, or of any portion of the rights represented thereby, shall be bound by the terms and
conditions set forth herein.

 

3.
STOCK SPLIT; STOCK DIVIDENDS; REORGANIZATIONS. If the Company shall at any time hereafter subdivide or combine its outstanding
shares of common stock, or declare a dividend payable in common stock, the exercise price hereof in effect immediately prior to
the subdivision, combination or record date for such dividend payable in common stock shall forthwith be proportionately increased,
in the case of combination, or proportionately decreased, in the case of subdivision or declaration of a dividend payable in common
stock, and the number of shares purchasable upon exercise of this Warrant immediately preceding such event shall be changed to
the number determined by dividing the then current exercise price by the exercise price as adjusted after such subdivision, combination
or dividend payable in common stock and against the number of shares purchasable upon the exercise of this Warrant immediately
preceding such event, so as to achieve an exercise price and number of shares purchasable after such event proportional to such
exercise price and number of shares purchasable immediately preceding such event.

 

    	- 1 -

    	 

    

 

(a)
No fractional shares are to be issued upon the exercise of the Warrant, but the Company shall pay a cash adjustment in respect
of any fraction of a share which would otherwise be issuable in an amount equal to the same fraction of the market price per share
of the Common Stock on the day of exercise as determined in good faith by the Company.

 

(b)
In case of any capital reorganization or any reclassification of the common stock of the Company, or in the case of any consolidation
with or merger of the Company into or with another entity or the sale of all or substantially all of its assets to another entity,
which is effected in such a manner that the Holders of common stock shall be entitled to receive stock, securities or assets with
respect to or in exchange for common stock, then, as a part of such reorganization, reclassification, consolidation, merger or
sale, as the case may be, lawful provision shall be made so that the Holder of the Warrant shall have the right thereafter to
receive, upon the exercise hereof, the kind and amount of shares of stock or other securities or property which the Holder would
have been entitled to receive if, immediately prior to such reorganization, reclassification, consolidation, merger or sale, the
Holder had held the number of shares which were then purchasable upon the exercise of the Warrant. In any such case, appropriate
adjustment (as determined in good faith by the Board of Directors of the Company) shall be made in the application of the provisions
set forth herein with respect to the rights and interest thereafter of the Holder of the Warrant, to the end that the provisions
set forth herein (including provisions with respect to adjustments of the exercise price) shall thereafter be applicable, as nearly
as reasonably may be, in relation to any shares of stock or other property thereafter deliverable upon the exercise of the Warrant.

 

(c)
When any adjustment is required to be made in the exercise price, initial or adjusted, the Company shall forthwith determine
the new exercise price, and (i) prepare and retain on file a statement describing in reasonable detail the method used in arriving
at the new exercise price, and (i) cause a copy of such statement to be mailed to the Holder of the Warrant as of a date within
ten (10) days after the date when the circumstances giving rise to the adjustment occurred.

 

4.
NOTICES. The Company shall mail to the registered Holder of the Warrant, at his or her last known post office address appearing
on the books of the Company, not less than fifteen (15) days prior to the date on which (a) a record will be taken for the purpose
of determining the holders of common stock entitled to dividends (other than cash dividends) or subscription rights, or (b) a
record will be taken (or in lieu thereof, the transfer books will be closed) for the purpose of determining the Holders of common
stock entitled to notice of and to vote at a meeting of shareholders at which any capital reorganization, reclassification of
common stock, consolidation, merger, dissolution, liquidation, winding up or sale of substantially all of the Company’s
assets shall be considered and acted upon.

 

    	- 2 -

    	 

    

 

5.
RESERVATION OF COMMON STOCK. A number of shares of common stock sufficient to provide for the exercise of the Warrant and
the shares of common stock included therein upon the basis herein set forth shall at all times be reserved for the exercise hereof.

 

6.
MISCELLANEOUS. Whenever reference is made herein to the issue or sale of shares of common stock, the terms “common stock”
or “shares” shall include any stock of any class of the Company other than preferred stock that has a fixed limit
on dividends and a fixed amount payable in the event of any voluntary or involuntary liquidation, dissolution or winding up of
the Company.

 

(a)
The Company will not, by amendment of its Articles of Incorporation or through reorganization, consolidation, merger, dissolution
or sale of assets, or by any other voluntary act or deed, avoid or seek to avoid the observance or performance of any of the covenants,
stipulations or conditions to be observed or performed hereunder by the Company, but will, at all times in good faith, assist,
insofar as it is able, in the carrying out of all provisions hereof and in the taking of all other action which may be necessary
in order to protect the rights of the Holder hereof against dilution.

 

(b)
The representations, warranties and agreements herein contained shall survive the exercise of this Warrant. References to
the “Holder of” include the immediate Holder of shares purchased on the exercise of this Warrant, and the word “Holder”
shall include the plural thereof. This Warrant shall be interpreted under the laws of the State of Nevada.

 

(c)
All shares or other securities issued upon the exercise of the Warrant shall be validly issued, fully paid and non assessable,
and the Company will pay all taxes in respect of the issuer hereof.

 

(d)
Notwithstanding anything contained herein to the contrary, the Holder of this Warrant shall not be deemed a shareholder of
the Company for any purpose whatsoever until and unless this Warrant is duly exercised or converted.

 

    	- 3 -

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of this 18th
day of October 2013.

 

JAMESON
STANFORD RESOURCES CORPORATION

 

	By:
    	/s/
    Michael Stanford	 
	 	 	 
	Name:	Michael
    Stanford	 
	 	 	 
	Title:	President
    & Chief Executive Officer	 
	 	 	 
	Date:	October
    18, 2013  	 

 

    	- 4 -

    	 

    

 

Exhibit
to Common Stock Purchase Warrant dated October 18, 2013

 

NOTICE
OF EXERCISE OF WARRANT TO PURCHASE SHARES OF

COMMON
STOCK OF JAMESON STANFORD RESOURCES CORPORATION

 

The
undersigned does by this notice request that Jameson Stanford Resources Corporation, a Nevada corporation (the “Company”),
issue to the undersigned that number of shares of Common Stock of the Company specified below (the “Shares”)
at the price per Share specified below pursuant to the exercise of the undersigned’s rights under the Common Stock Purchase
Warrant (the “Warrant”) dated October 18, 2013.

 

Simultaneously
herewith, the undersigned delivers to the Company the purchase price for the Shares (i.e., that amount which is obtained by multiplying
the number of Shares for which the Warrant is being exercised by the price specified), by good funds. In the event of Net Issue
Exercise no payment is required.

 

The
undersigned hereby represents and warrants that the undersigned is acquiring the Shares for the undersigned’s own account
and not on behalf of any other person and without any present view to making a public offering or distribution of same and without
any present intention of selling same at any particular time or at any particular price or upon the occurrence of any particular
event or circumstance.

 

The
undersigned acknowledges and understands that in connection with the acquisition of the Shares by the undersigned:

 

		1.	The
                                                                                                                                                                                                                  Company
                                                                                                                                                                                                                  has
                                                                                                                                                                                                                  informed
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  undersigned
                                                                                                                                                                                                                  that
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Shares
                                                                                                                                                                                                                  are
                                                                                                                                                                                                                  not
                                                                                                                                                                                                                  registered
                                                                                                                                                                                                                  under
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Securities
                                                                                                                                                                                                                  Act
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  1933,
                                                                                                                                                                                                                  as
                                                                                                                                                                                                                  amended
                                                                                                                                                                                                                  (the
                                                                                                                                                                                                                  “Securities
                                                                                                                                                                                                                  Act”),
                                                                                                                                                                                                                  or
                                                                                                                                                                                                                  applicable
                                                                                                                                                                                                                  state
                                                                                                                                                                                                                  securities
                                                                                                                                                                                                                  or
                                                                                                                                                                                                                  Blue
                                                                                                                                                                                                                  Sky
                                                                                                                                                                                                                  law
                                                                                                                                                                                                                  or
                                                                                                                                                                                                                  laws,
                                                                                                                                                                                                                  and
                                                                                                                                                                                                                  thus
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Shares
                                                                                                                                                                                                                  may
                                                                                                                                                                                                                  not
                                                                                                                                                                                                                  be
                                                                                                                                                                                                                  transferred
                                                                                                                                                                                                                  or
                                                                                                                                                                                                                  otherwise
                                                                                                                                                                                                                  disposed
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  until
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Shares
                                                                                                                                                                                                                  are
                                                                                                                                                                                                                  subsequently
                                                                                                                                                                                                                  registered
                                                                                                                                                                                                                  under
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Securities
                                                                                                                                                                                                                  Act
                                                                                                                                                                                                                  and
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  applicable
                                                                                                                                                                                                                  state
                                                                                                                                                                                                                  securities
                                                                                                                                                                                                                  or
                                                                                                                                                                                                                  Blue
                                                                                                                                                                                                                  Sky
                                                                                                                                                                                                                  law
                                                                                                                                                                                                                  or
                                                                                                                                                                                                                  laws
                                                                                                                                                                                                                  or
                                                                                                                                                                                                                  an
                                                                                                                                                                                                                  ex-emption
                                                                                                                                                                                                                  from
                                                                                                                                                                                                                  such
                                                                                                                                                                                                                  registration
                                                                                                                                                                                                                  requirements
                                                                                                                                                                                                                  is
                                                                                                                                                                                                                  available.

 

		2.	The
                                                                                                                                                                                                                  undersigned
                                                                                                                                                                                                                  has
                                                                                                                                                                                                                  been
                                                                                                                                                                                                                  informed
                                                                                                                                                                                                                  that
                                                                                                                                                                                                                  a
                                                                                                                                                                                                                  legend
                                                                                                                                                                                                                  referring
                                                                                                                                                                                                                  to
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  restrictions
                                                                                                                                                                                                                  indicated
                                                                                                                                                                                                                  herein
                                                                                                                                                                                                                  on
                                                                                                                                                                                                                  transferability
                                                                                                                                                                                                                  and
                                                                                                                                                                                                                  sale
                                                                                                                                                                                                                  will
                                                                                                                                                                                                                  be
                                                                                                                                                                                                                  placed
                                                                                                                                                                                                                  upon
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  certificate(s)
                                                                                                                                                                                                                  evidencing
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Shares.

 

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

 

		4.	If
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  undersigned
                                                                                                                                                                                                                  is
                                                                                                                                                                                                                  required
                                                                                                                                                                                                                  to
                                                                                                                                                                                                                  file
                                                                                                                                                                                                                  a
                                                                                                                                                                                                                  Form
                                                                                                                                                                                                                  144
                                                                                                                                                                                                                  with
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Securities
                                                                                                                                                                                                                  and
                                                                                                                                                                                                                  Exchange
                                                                                                                                                                                                                  Commission
                                                                                                                                                                                                                  in
                                                                                                                                                                                                                  connection
                                                                                                                                                                                                                  with
                                                                                                                                                                                                                  sales
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Shares
                                                                                                                                                                                                                  pursuant
                                                                                                                                                                                                                  to
                                                                                                                                                                                                                  Rule
                                                                                                                                                                                                                  144
                                                                                                                                                                                                                  under
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Act,
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  undersigned
                                                                                                                                                                                                                  shall
                                                                                                                                                                                                                  mail
                                                                                                                                                                                                                  a
                                                                                                                                                                                                                  copy
                                                                                                                                                                                                                  of
                                                                                                                                                                                                                  such
                                                                                                                                                                                                                  Form
                                                                                                                                                                                                                  to
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Company
                                                                                                                                                                                                                  at
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  same
                                                                                                                                                                                                                  time
                                                                                                                                                                                                                  and
                                                                                                                                                                                                                  each
                                                                                                                                                                                                                  time
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  undersigned
                                                                                                                                                                                                                  mails
                                                                                                                                                                                                                  a
                                                                                                                                                                                                                  copy
                                                                                                                                                                                                                  to
                                                                                                                                                                                                                  the
                                                                                                                                                                                                                  Securities
                                                                                                                                                                                                                  and
                                                                                                                                                                                                                  Exchange
                                                                                                                                                                                                                  Commission.

 

    	- 5 -

    	 

    

 

Cash
Exercise:

 

	A.	Date
    of Warrant: October 18, 2013
	B.	Number
    of Shares purchasable under Warrant: 500,000
	C.	Number
    of Shares of Common Stock to be purchased at this time: ____________
	D.	Exercise
    price per Share: $1.00
	E.	Aggregate
    price to be paid for Shares actually purchased (D*C) = $

 

OR

 

Net
Issue Exercise:

 

	A.	Date
    of Warrant: October 18, 2013
	B.	Number
    of Warrant Shares covered by Warrant: 500,000 (Y)
	C.	Market
    value of one Share of Common Stock (Z)
	D.	Exercise
    price per Share: $1.00 (T)
	E.	Number
    of Warrant Shares to be issued to the Holder:  (X) Where: X = Y*(Z-T)/Z

 

PURCHASER

 

	By:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Date:	 	 

 

    	- 6 -

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