Document:

LOCK-UP ESCROW AGREEMENT

 

This LOCK-UP ESCROW
AGREEMENT (this “Agreement”) is made as of __________, 2012, by and among the undersigned person or entity (each, a
“Restricted Holder” and collectively, the “Restricted Holders”), Eastern Resources, Inc., a Delaware corporation
(the “Company”), and Gottbetter & Partners, LLP, as escrow agent (the “Escrow Agent”). Capitalized
terms used and not otherwise defined herein shall have the meanings given to such terms in the Lock-Up Agreement (as defined herein).

 

WHEREAS, pursuant to
that certain Lock-Up Agreement, dated as of __________, 2012 (the “Lock-Up Agreement”), by and between each Restricted
Holder and the Company, the Restricted Holder agreed that forty percent (40%) of the free trading shares of common stock of the
Company owned by such Restricted Holder immediately prior to the closing of the Merger (the “Restricted Securities”)
shall be subject to certain restrictions on Disposition during the period of twelve (12) months immediately following the closing
date of the Merger (the “Restricted Period”), all as more fully set forth therein;

 

WHEREAS, the Lock-Up
Agreement provides that an escrow account be established to hold the Restricted Securities until the termination of the Restricted
Period; and

 

WHEREAS, the parties
hereto desire to establish the terms and conditions pursuant to which such escrow account will be established and maintained.

 

NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:

 

1.           Escrow.

 

(a)          Escrow
of Restricted Securities. As soon as practicable following the execution of this Agreement, upon issuance, the Restricted Holders
shall deposit with the Escrow Agent certificates representing an aggregate of [__________] shares of common stock, par value $0.001
per share, of the Company (the “Escrow Shares”), as determined pursuant to the Lock-Up Agreement, issued in the names
of the Restricted Holders, as set forth on Schedule A attached hereto. The Escrow Shares shall be held as a trust fund and
shall not be subject to any lien, attachment, trustee process or any other judicial process of any creditor of any party hereto.
The Escrow Agent agrees to hold the Escrow Shares in an escrow account (the “Escrow Account”), subject to the terms
and conditions of this Agreement.

 

(b)          Dividends,
Etc. Any securities distributed in respect of or in exchange for any of the Escrow Shares, whether by way of stock dividends,
stock splits or otherwise, shall be delivered to the Escrow Agent, who shall hold such securities in the Escrow Account. Such securities
shall be considered Escrow Shares for purposes hereof. Any cash dividends or property (other than securities) distributed in respect
of the Escrow Shares shall promptly be distributed by the Escrow Agent to the Restricted Holders in accordance with Section 2(b)
hereof in direct proportion to the number of Escrow Shares delivered on behalf of each such Restricted Holder.

 

    	 

    	 

    

 

(c)          Voting
of Shares. Each Restricted Holder has the right to direct the Escrow Agent in writing as to the exercise of any voting rights
pertaining to such Restricted Holder’s Escrow Shares, and the Escrow Agent shall comply with any such written instructions.
In the absence of such instructions, the Escrow Agent shall not vote any of the Escrow Shares.

 

(d)          Transferability.
The respective interests of each Restricted Holder in the Escrow Shares shall not be assignable or transferable, other than by
operation of law or as provided in the Lock-Up Agreement. Notice of any such assignment or transfer shall be given to the Escrow
Agent and the Company, and no such assignment or transfer shall be valid until such notice is given.

 

2.            Distribution
of Escrow Shares.

 

(a)          The
Escrow Agent shall distribute the Escrow Shares only in accordance with (i) a written instruction delivered to the Escrow Agent
that is executed by the Company that instructs the Escrow Agent as to the distribution of the Escrow Shares, or (ii) an order
of a court of competent jurisdiction, a copy of which is delivered to the Escrow Agent by the Company that instructs the Escrow
Agent as to the distribution of the Escrow Shares. Pursuant to Section 2 of the Lock-Up Agreement, upon the termination of the
Restricted Period, the Escrow Agent shall, automatically, without any notice required, return to the Restricted Holders all of
the Escrow Shares then held in escrow in accordance with Section 2(c) hereof in direct proportion to the number of Escrow
Shares delivered on behalf of each such Restricted Holder.

 

(b)          Distributions
of Escrow Shares to the Restricted Holders shall be made by mailing certificates to each such Restricted Holder at such Restricted
Holder’s respective address shown on the books of the Company.

 

3.            Fees
and Expenses of Escrow Agent. The Company shall pay the Escrow Agent a fee of $2,500 for the services to be rendered by the
Escrow Agent hereunder.

 

4.            Limitation
of Escrow Agent’s Liability.

 

(a)          The
Escrow Agent shall have no liability or obligation with respect to the Escrow Shares except for the Escrow Agent’s willful
misconduct or gross negligence. The Escrow Agent’s sole responsibility shall be for the safekeeping and distribution of the
Escrow Shares in accordance with the terms of this Agreement. The Escrow Agent shall have no implied duties or obligations and
shall not be charged with knowledge or notice of any fact or circumstance not specifically set forth herein. The Escrow Agent may
rely upon any instrument, not only as to its due execution, validity and effectiveness, but also as to the truth and accuracy of
any information contained therein, which the Escrow Agent shall in good faith believe to be genuine, to have been signed or presented
by the person or parties purporting to sign the same and conform to the provisions of this Agreement. In no event shall the Escrow
Agent be liable for incidental, indirect, special, and consequential or punitive damages. The Escrow Agent shall not be obligated
to take any legal action or commence any proceeding in connection with the Escrow Shares, any account in which the funds are deposited,
this Agreement or the Lock-Up Agreement, or to appear in, prosecute or defend any such legal action or proceeding. The Escrow Agent
may consult legal counsel selected by it in any event of any dispute or question as to construction of any of the provisions hereof
or of any other agreement or its duties hereunder, or relating to any dispute involving any party hereto, and shall incur no liability
and shall be fully indemnified from any liability whatsoever in acting in accordance with the opinion or instructions of such counsel.
The Company and the Restricted Holders shall promptly pay, upon demand, the reasonable fees and expenses of any such counsel as
stated in the prior sentence, except in the event of gross negligence or willful misconduct by the Escrow Agent to the extent if
found in a final judgment by a court of competent jurisdiction.

 

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(b)          The
Escrow Agent is hereby authorized, in its sole discretion, to comply with orders issued or process entered by any court with respect
to the Escrow Shares, without determination by the Escrow Agent of such court’s jurisdiction in the matter. If any portion
of the Escrow Shares is at any time attached, garnished or levied upon under any court order, or in case the payment, assignment,
transfer, conveyance or delivery of any such property shall be stayed or enjoined by any court order, or in any case any order
judgment or decree shall be made or entered by any court affecting such property or any part thereof, then and in any such event,
the Escrow Agent is authorized, in its sole discretion, to rely upon and comply with any such order, writ, judgment or decree which
it is advised by legal counsel selected by it to be binding upon it, without the need for appeal or other action; and if the Escrow
Agent complies with any such order, writ, judgment or decree, it shall not be liable to any of the parties hereto or to any other
person or entity by reason of such compliance even though such order, writ, judgment or decree may be subsequently reversed, modified,
annulled, set aside or vacated.

 

(c)          From
and at all times after the date of this Agreement, the Company and the Restricted Holders, jointly and severally, shall, to the
fullest extent permitted by law and to the extent provided herein, indemnify and hold harmless the Escrow Agent and each partner,
director, officer, employee, attorney, agent and affiliate of the Escrow Agent (collectively, the “Indemnified Parties”)
against any and all actions, claims (whether or not valid), losses, damages, liabilities, costs and expenses of any kind or nature
whatsoever (including without limitation reasonable attorney’s fees, costs and expenses) incurred by or asserted against
any of the Indemnified Parties from and after the date hereof, whether direct, indirect or consequential, as a result of or arising
from or in any way relating to any claim, demand, suit, action, or proceeding (including any inquiry or investigation) by any person,
including without limitation the parties to this Agreement, whether threatened or initiated, asserting a claim for any legal or
equitable remedy against any person under any statute or regulation, including, but not limited to, any federal or state securities
laws, or under any common law or equitable cause or otherwise, arising from or in connection with the negotiation, preparation,
execution, performance or failure of performance of this Agreement or any transaction contemplated herein, whether or not any such
Indemnified Party is a party to any such action or proceeding, suit or the target of any such inquiry or investigation; provided,
however, that no Indemnified Party shall have the right to be indemnified hereunder for liability finally determined by
a court of competent jurisdiction, subject to no further appeal, to have resulted from the gross negligence or willful misconduct
of such Indemnified Party. The obligations of the parties under this section shall survive any termination of this Agreement, and
resignation or removal of Escrow Agent shall be independent of any obligation of Escrow Agent.

 

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(d)          If
at any time, there shall exist any dispute with respect to holding or disposition of any portion of the Escrow Shares or any other
obligations of the Escrow Agent hereunder, or if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s
sole satisfaction, the proper disposition of any portion of the Escrow Shares or the Escrow Agent’s proper actions with respect
to its obligations hereunder, or if the Company has not within thirty (30) days of the furnishing by the Escrow Agent of a notice
of resignation pursuant to the notice provisions hereof, appointed a successor Escrow Agent to act hereunder, then the Escrow Agent
may, in its sole discretion, take either or both of the following actions:

 

(i)          suspend
the performance of any of its obligations (including without limitation any disbursement obligations) under this Agreement until
such dispute or uncertainty shall be resolved to the sole satisfaction of the Escrow Agent or until a successor Escrow Agent shall
be appointed (as the case may be); provided, however, the Escrow Agent shall continue to hold the Escrow Shares in accordance with
the terms hereof; or

 

(ii)         petition
(by means of an interpleader action or any other appropriate method) any court of competent jurisdiction in any venue convenient
to the Escrow Agent, for instructions with respect to such dispute or uncertainty, and to the extent required by law, pay into
such court, for holding and disposition in accordance with the instructions of such court, all securities and all funds held by
it in the Escrow Account, after deduction and payment to the Escrow Agent of all fees and expenses (including court costs and attorneys’
fees) payable to, incurred by, or expected to be incurred by Escrow Agent in connection with performance of its duties and the
exercise of its rights hereunder.

 

(e)          The
Escrow Agent may resign from the performance of its duties hereunder at any time by giving thirty (30) days’ prior written
notice to the Company or may be removed, with or without cause, by the Company by furnishing a written direction to the Escrow
Agent, at any time by the giving of ten (10) days’ prior written notice to the Escrow Agent as provided herein below. Upon
any such notice of resignation or removal, the Company shall appoint a successor Escrow Agent hereunder, which shall be a commercial
bank, trust company or other financial institution with a combined capital and surplus in excess of $10,000,000.00. Upon the acceptance
in writing of any appointment of an escrow agent hereunder by a successor Escrow Agent, such successor Escrow Agent shall thereupon
succeed to and become vested with all the rights, powers, privileges and duties of the retiring Escrow Agent, and the retiring
Escrow Agent shall be discharged from its duties and obligations under this Agreement, but shall not be discharged from any liability
for actions taken as escrow agent hereunder prior to such succession. After any retiring Escrow Agent’s resignation or removal,
the provisions of this Agreement shall inure to its benefit as to any actions taken or omitted to be taken by it while it was escrow
agent under this Agreement. The retiring Escrow Agent shall transmit all records pertaining to the Escrow Shares and shall deliver
all securities and all funds held by it in the Escrow Account to the successor Escrow Agent, after making copies of such records
as the retiring Escrow Agent deems advisable and after deduction and payment to the retiring Escrow Agent of all fees and expenses
(including court costs and attorneys’ fees) payable to, incurred by, or expected to be incurred by the retiring Escrow Agent
in connection with the performance of its duties and the exercise of its rights hereunder.

 

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5.            Termination.
This Agreement shall terminate upon the distribution by the Escrow Agent of all of the Escrow Shares in accordance with this Agreement;
provided that the provisions of Section 4 shall survive such termination.

 

6.            Notices.
All notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice, request, demand, claim
or other communication hereunder shall be deemed duly delivered four business days after it is sent by registered or certified
mail, return receipt requested, postage prepaid, or one business day after it is sent for next business day delivery via a reputable
nationwide overnight courier service, in each case to the intended recipient as set forth below:

 

If to the Company:

 

Eastern Resources, Inc.

1610 Wynkoop Street, Suite 400

Denver, CO 80202

Attn: Patrick W. M. Imeson, Chairman

Facsimile: __________

 

with a copy to (which shall not
constitute notice hereunder):

 

Gottbetter & Partners, LLP

488 Madison Avenue, 12th
Floor

New York, NY 10022

Attn: Adam S. Gottbetter, Esq.

Facsimile: (212) 400-6901

 

If to a Restricted Holder, at such
Restricted Holder’s respective address shown on the books of the Company.

 

If to the Escrow Agent:

 

Gottbetter & Partners, LLP

488 Madison Avenue, 12th
Floor

New York, NY 10022

Attn: Adam S. Gottbetter, Esq.

Facsimile: (212) 400-6901

 

Any party may give
any notice, request, demand, claim or other communication hereunder using any other means (including personal delivery, expedited
courier, messenger service, telecopy, telex, ordinary mail or electronic mail), but no such notice, request, demand, claim or other
communication shall be deemed to have been duly given unless and until it actually is received by the party for whom it is intended.
Any party may change the address to which notices, requests, demands, claims, and other communications hereunder are to be delivered
by giving the other parties notice in the manner herein set forth.

 

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7.            General.

 

(a)          Applicable
Law; Jurisdiction. THIS AGREEMENT IS MADE UNDER, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED SOLELY THEREIN, WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS
OF LAW. In any action between or among any of the parties arising out of this Agreement, (i) each of the parties irrevocably
and unconditionally consents and submits to the exclusive jurisdiction and venue of the state and federal courts having jurisdiction
over New York County, New York; (ii) if any such action is commenced in a state court, then, subject to applicable law, no
party shall object to the removal of such action to any federal court having jurisdiction over New York County, New York; (iii) each
of the parties irrevocably waives the right to trial by jury; and (iv) each of the parties irrevocably consents to service
of process by first class certified mail, return receipt requested, postage prepared, to the address at which such party is to
receive notice in accordance with this Agreement.

 

(b)          Entire
Agreement. Except for those provisions of the Lock-Up Agreement referenced herein, this Agreement constitutes the entire understanding
and agreement of the parties with respect to the subject matter of this Agreement and supersedes all prior agreements or understandings,
written or oral, between the parties with respect to the subject matter hereof.

 

(c)          Waivers.
No waiver by any party hereto of any condition or of any breach of any provision of this Agreement shall be effective unless in
writing. No waiver by any party of any such condition or breach, in any one instance, shall be deemed to be a further or continuing
waiver of any such condition or breach or a waiver of any other condition or breach of any other provision contained herein.

 

(d)          Severability.
Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending
term or provision in any other situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction
declares that any term or provision hereof is invalid or unenforceable, the parties hereto agree that the court making such determination
shall have the power to limit the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable
term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of
the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified. In the event such court
does not exercise the power granted to it in the prior sentence, the parties hereto agree to replace such invalid or unenforceable
term or provision with a valid and enforceable term or provision that will achieve, to the extent possible, the economic, business
and other purposes of such invalid or unenforceable term.

 

(e)          Amendment.
This Agreement may not be amended, modified, altered or supplemented other than by means of a written instrument duly executed
and delivered on behalf of the Company, the Escrow Agent and the Restricted Holders.

 

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(f)          Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be enforceable against the parties actually executing
such counterparts, and all of which together shall constitute one instrument. In the event that any signature is delivered by facsimile
transmission, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature
is executed) with the same force and effect as if such facsimile signature page were an original thereof.

 

(g)          Acknowledgement
and Waiver of Conflict. The parties hereby acknowledge that the Escrow Agent has represented the Company in connection with
the Merger. The Company and the Restricted Holders hereby waive any conflict of interest arising by virtue of the Escrow Agent’s
representation of the Company, and hereby agree to acknowledge and approve the taking of any action by the Escrow Agent reasonably
necessary to protect and preserve its rights under this Agreement.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

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IN WITNESS WHEREOF, the parties have duly
executed this Lock-Up Escrow Agreement as of the day and year first above written.

 

	 	EASTERN RESOURCES, INC.
	 	 	 
	 	By:	 
	 	Name:	Thomas H. Hanna, Jr.
	 	Title:	Chief Executive Officer

 

	 	GOTTBETTER & PARTNERS, LLP
	 	 	 
	 	By:	 
	 	Name:	Adam S. Gottbetter
	 	Title:	Managing Partner

 

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IN WITNESS WHEREOF,
the parties hereto have executed and delivered this Lock-Up Escrow Agreement as of the date first set forth above.

 

	 	RESTRICTED HOLDER:
	 	 
	 	[                                        ]
	 	 
	 	 
	 	 
	 	By:
	 	Its:
	 	 
	 	Address: __________________________________________
	 	 
	 	 
	 	 
	 	Fax: (_____) _______________________________________

 

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SCHEDULE A

 

ESCROW SHARES

 

	RESTRICTED HOLDER 
 NAME AND ADDRESS	
        CERTIFICATE

        NUMBER
	
        NUMBER OF

ESCROW SHARES

	 	 	 
	
        NAME

        ADDRESS

        ADDRESS
	 	 
	 	 	 
	
        NAME

        ADDRESS

        ADDRESS
	 	 
	 	 	 
	
        NAME

        ADDRESS

        ADDRESS
	 	 
	 	 	 
	
        NAME

        ADDRESS

        ADDRESS
	 	 
	 	 	 
	
        NAME

        ADDRESS

        ADDRESS
	 	 
	 	 	 
	
        NAME

        ADDRESS

        ADDRESS
	 	 
	 	 	 
	
        NAME

        ADDRESS

        ADDRESS
	 	 
	 	 	____________________
	 	 	 
	TOTALFORM OF NO SHORT SELLING AGREEMENT

 

This NO SHORT SELLING
AGREEMENT (this “Agreement”) is made as of __________, 2012, by and between the undersigned person or entity (the “Restricted
Holder”) and Eastern Resources, Inc., a Delaware corporation (the “Company”). Capitalized terms used and not
otherwise defined herein shall have the meanings given to such terms in the Merger Agreement (as defined herein).

 

WHEREAS, pursuant to
the transactions contemplated under that certain Agreement and Plan of Merger and Reorganization, dated as of __________, 2012
(the “Merger Agreement”), by and among the Company, MTMI Acquisition Corp., EGI Acquisition Corp., Elkhorn Goldfields
LLC, a Delaware limited liability company (“Seller”), Montana Tunnels Mining, Inc. a Delaware corporation and wholly
owned subsidiary of Seller (“Target A”), and Elkhorn Goldfields, Inc., a Montana corporation and wholly owned subsidiary
of Seller (“Target B” and, together with Target A, “Targets”), Target A will merge with MTMI Acquisition
Corp., with the result of such merger being that Target A will be the surviving entity and become a wholly owned subsidiary of
the Company, and Target B will merge with EGI Acquisition Corp., with the result of such merger being that Target B will be the
surviving entity and become a wholly owned subsidiary of the Company, with all the stockholders of Targets exchanging their shares
in each Target for shares of common stock of the Company (the “Common Stock”), all pursuant to the terms of the Merger
Agreement (the “Merger”);

 

WHEREAS, the Restricted
Holder will be an officer, director and/or key employee of the Company immediately after the closing of the Merger and/or the Restricted
Holder will be a beneficial owner of ten percent (10%) or more of the outstanding shares of Common Stock of the Company immediately
after the closing of the Merger;

 

WHEREAS, the Merger
Agreement provides that, among other things, the Restricted Holder shall be subject to certain restrictions on transactions in
securities of the Company during the period of twelve (12) months immediately following the closing date of the Merger (the “Restricted
Period”).

 

NOW, THEREFORE, as
an inducement to and in consideration of the Company’s agreement to enter into the Merger Agreement and proceed with the
Merger, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
hereby agree as follows:

 

1.            No
Short Period. During the Restricted Period, the Restricted Holder will not, directly or indirectly, effect or agree to effect
any short sale (as defined in Rule 200 under Regulation SHO of the Securities Exchange Act of 1934 (the “Exchange Act”)),
whether or not against the box, establish any “put equivalent position” (as defined in Rule 16a-1(h) under the Exchange
Act) with respect to the Common Stock, borrow or pre-borrow any shares of Common Stock, or grant any other right (including, without
limitation, any put or call option) with respect to the Common Stock or with respect to any security that includes, is convertible
into or exercisable for or derives any significant part of its value from the Common Stock or otherwise seek to hedge the Restricted
Holder’s position in the Common Stock.

 

    	 

    	 

    

 

2.             Miscellaneous.

 

(a)          Specific
Performance. The Restricted Holder agrees that in the event of any breach or threatened breach by the Restricted Holder of
any covenant, obligation or other provision contained in this Agreement, then the Company shall be entitled (in addition to any
other remedy that may be available to the Company) to: (i) a decree or order of specific performance or mandamus to enforce the
observance and performance of such covenant, obligation or other provision; and (ii) an injunction restraining such breach or threatened
breach. The Restricted Holder further agrees that neither the Company nor any other person or entity shall be required to obtain,
furnish or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred to in this
Section 2, and the Restricted Holder irrevocably waives any right that he, she, or it may have to require the obtaining,
furnishing or posting of any such bond or similar instrument.

 

(b)          Other
Agreements. Nothing in this Agreement shall limit any of the rights or remedies of the Company under the Merger Agreement,
or any of the rights or remedies of the Company or any of the obligations of the Restricted Holder under any other agreement between
the Restricted Holder and the Company or any certificate or instrument executed by the Restricted Holder in favor of the Company;
and nothing in the Merger Agreement or in any other agreement, certificate or instrument shall limit any of the rights or remedies
of the Company or any of the obligations of the Restricted Holder under this Agreement.

 

(c)          Notices.
All notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice, request, demand, claim
or other communication hereunder shall be deemed duly delivered four business days after it is sent by registered or certified
mail, return receipt requested, postage prepaid, or one business day after it is sent for next business day delivery via a reputable
nationwide overnight courier service, in each case to the intended recipient as set forth below:

 

	If to the Company:	 	Copy to (which copy shall not constitute notice hereunder):
	 	 	 
	1610 Wynkoop Street #400	 	Gottbetter & Partners, LLP
	Denver, CO  80202	 	488 Madison Ave., 12th Floor
	Attn: Patrick W.M. Imeson	 	New York, NY  10022
	Facsimile: __________________	 	Attn: Adam S. Gottbetter, Esq.
	 	 	Facsimile: 212-400-6901

 

Any Party may give
any notice, request, demand, claim or other communication hereunder using any other means (including personal delivery, expedited
courier, messenger service, telecopy, telex, ordinary mail or electronic mail), but no such notice, request, demand, claim or other
communication shall be deemed to have been duly given unless and until it actually is received by the Party for whom it is intended.
Any Party may change the address to which notices, requests, demands, claims, and other communications hereunder are to be delivered
by giving the other Parties notice in the manner herein set forth.

 

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(d)          Severability.
Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending
term or provision in any other situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction
declares that any term or provision hereof is invalid or unenforceable, the parties hereto agree that the court making such determination
shall have the power to limit the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable
term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of
the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified. In the event such court
does not exercise the power granted to it in the prior sentence, the parties hereto agree to replace such invalid or unenforceable
term or provision with a valid and enforceable term or provision that will achieve, to the extent possible, the economic, business
and other purposes of such invalid or unenforceable term.

 

(e)         Applicable
Law; Jurisdiction. THIS AGREEMENT IS MADE UNDER, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED SOLELY THEREIN, WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS
OF LAW. In any action between or among any of the parties arising out of this Agreement, (i) each of the parties irrevocably
and unconditionally consents and submits to the exclusive jurisdiction and venue of the state and federal courts having jurisdiction
over New York County, New York; (ii) if any such action is commenced in a state court, then, subject to applicable law, no
party shall object to the removal of such action to any federal court having jurisdiction over New York County, New York; (iii) each
of the parties irrevocably waives the right to trial by jury; and (iv) each of the parties irrevocably consents to service
of process by first class certified mail, return receipt requested, postage prepared, to the address at which such party is to
receive notice in accordance with this Agreement.

 

(f)          Waiver;
Termination. No failure on the part of the Company to exercise any power, right, privilege or remedy under this Agreement,
and no delay on the part of the Company in exercising any power, right, privilege or remedy under this Agreement, shall operate
as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or
remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. The Company shall
not be deemed to have waived any claim arising out of this Agreement, or any power, right, privilege or remedy under this Agreement,
unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed
and delivered on behalf of the Company; and any such waiver shall not be applicable or have any effect except in the specific instance
in which it is given. If the Merger Agreement is terminated, this Agreement shall thereupon terminate.

 

(g)         Captions.
The captions contained in this Agreement are for convenience of reference only, shall not be deemed to be a part of this Agreement
and shall not be referred to in connection with the construction or interpretation of this Agreement.

 

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(h)         Further
Assurances. The Restricted Holder hereby represents and warrants that the Restricted Holder has full power and authority to
enter into this Agreement and that this Agreement constitutes the legal, valid and binding obligation of the Restricted Holder,
enforceable in accordance with its terms. The Restricted Holder shall execute and/or cause to be delivered to the Company such
instruments and other documents and shall take such other actions as the Company may reasonably request to effectuate the intent
and purposes of this Agreement.

 

(i)          Entire
Agreement. This Agreement and the Merger Agreement collectively set forth the entire understanding of the Company and the Restricted
Holder relating to the subject matter hereof and supersedes all other prior agreements and understandings between the Company and
the Restricted Holder relating to the subject matter hereof.

 

(j)          Non-Exclusivity.
The rights and remedies of the Company hereunder are not exclusive of or limited by any other rights or remedies which the Company
may have, whether at law, in equity, by contract or otherwise, all of which shall be cumulative (and not alternative).

 

(k)         Amendments.
This Agreement may not be amended, modified, altered or supplemented other than by means of a written instrument duly executed
and delivered on behalf of the Company and the Restricted Holder.

 

(l)          Assignment.
This Agreement and all obligations of the Restricted Holder hereunder are personal to the Restricted Holder and may not be transferred
or delegated by the Restricted Holder at any time. The Company may freely assign any or all of its rights under this Agreement,
in whole or in part, to any successor entity without obtaining the consent or approval of the Restricted Holder.

 

(m)        Binding
Nature. Subject to Section 3(l) above, this Agreement will inure to the benefit of the Company and its successors and assigns
and will be binding upon the Restricted Holder and the Restricted Holder’s representatives, executors, administrators, estate,
heirs, successors and assigns.

 

(n)         Survival.
Each of the representations, warranties, covenants and obligations contained in this Agreement shall survive the consummation of
the Merger.

 

(o)         Counterparts.
This Agreement may be executed in separate counterparts, each of which shall be deemed an original and both of which shall constitute
one and the same instrument.

 

[signature
page follows]

 

    	4

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have executed and delivered this Agreement as of the date first set forth above.

 

	 	EASTERN RESOURCES, INC.
	 	 
	 	By:	 
	 	Name:	Thomas H. Hanna
	 	Title:	President

 

    	5

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have executed and delivered this Agreement as of the date first set forth above.

 

	 	RESTRICTED HOLDER:
	 	 
	 	[                               ]
	 	 
	 	 
	 	 
	 	By:
	 	Its:
	 	 
	 	Address:__________________________________________
	 	 
	 	 
	 	 
	 	Fax: (   ) _________________

 

    	6

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