Document:

Wolverine Explorations Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE
"SUBSCRIPTION AGREEMENT") RELATES TO AN OFFERING OF SECURITIES IN AN OFFSHORE
TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO
REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
"1933 ACT").

NONE OF THE SECURITIES TO WHICH THIS SUBSCRIPTION AGREEMENT
RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES
LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR
INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT
IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS.

PRIVATE PLACEMENT SUBSCRIPTION 

FOR NON U.S. SUBSCRIBERS 

WOLVERINE EXPLORATION INC. 

PRIVATE PLACEMENT 

INSTRUCTIONS TO SUBSCRIBER: 

	1. 	
      COMPLETE the information on page 2 of this
      Subscription Agreement.

	 	 
	2. 	
      IF RESIDENT IN CANADA COMPLETE the Questionnaire
      attached as Schedule A to this Subscription Agreement (the
      "Questionnaire").

	 	 
	3. 	
      FAX a copy of page 2 of this Subscription
      Agreement, and all pages of the Questionnaire to Macdonald Tuskey,
      attention William L. Macdonald at (604) 681-4760.

	 	 
	4. 	
      COURIER the originally executed copy of the entire
      Subscription Agreement, together with the Questionnaire, to Macdonald
      Tuskey, counsel to the Company, to

	Macdonald Tuskey, Corporate and Securities Lawyers 
	1210 – 777 Hornby Street 
	Vancouver, BC, Canada V6Z 1S4 
	Attention: William L. Macdonald 

2

WOLVERINE EXPLORATION INC. 
PRIVATE PLACEMENT 

The Subscriber hereby irrevocably subscribes for, and on
Closing will purchase from the Company, the following securities at a price of
US$0.03 per Share 

	

      ______________________________Shares 

The Subscriber directs the Company to issue, register and
      deliver the certificates representing the Shares as follows: 

		   
                         
         REGISTRATION INSTRUCTIONS: 		 
                         
                 DELIVERY INSTRUCTIONS:  	
	 	 	 	 	 
		     			
	 	 Name to appear on
    certificate 	 	Name
      and account reference, if applicable 	 
	 	 	 	 	 
	 	SIN/Tax ID No. 	 	Contact name 	 
	 	 	 	 	 
	 	Address 	 	Address 	 
	 	 	 	 	 
		  		Telephone number 	

	EXECUTED by the Subscriber this ___ day of
      __________, _____. By executing this Agreement, the Subscriber certifies
      that the Subscriber and any beneficial purchaser for whom the
      Subscriber is acting is resident in the jurisdiction shown as the “Address
      of the Subscriber”. The address of the Subscriber will be accepted
      by the Company as a representative as to the address of residency for
      the Subscriber. 

  	 	WITNESS: 	 	EXECUTION BY SUBSCRIBER: 	 
	 	 	 	X___________________________________ 	 
	 	 	 	 	 
	 	Signature of
        witness 	 	Signature of individual (if Subscriber is an individual) 	 
	 	 	 	X ___________________________________	 
	 	 	 	 	 
	 	Name of witness 	 	 	 
	 	 	 	Authorized signatory (if Subscriber is not an
        individual) 	 
	 	 	 	 	 
	 	Address of witness 	 	 	 
	 	 	 	Name
        of Subscriber (please print)  	 
	 	 	 	 	 
	 	 	 	 	 
	 	ACCEPTED this ___ day of ___________, _____. 	 	Name of authorized signatory (please
        print)  	 
	 	 	 	 	 
	 	WOLVERINE EXPLORATION INC. 	 	 	 
	 	Per: 	 	Address of Subscriber (residence) 	 
	 	 	 	 	 	 
	 	Authorized signatory 	 	Telephone number and e-mail address 	 
	 	 	 	 	 

By signing this acceptance, the Company agrees to be bound by
all representations, warranties, covenants and agreements on pages 3-11 hereof.

This Subscription Agreement may be executed in any number of
counterparts, each of which, when so executed and delivered, shall constitute an
original and all of which together shall constitute one instrument. Delivery of
an executed copy of this Subscription Agreement by electronic facsimile
transmission or other means of electronic communication capable of producing a
printed copy will be deemed to be execution and delivery of this Subscription
Agreement as of the date hereinafter set forth. 

3

THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE
"SUBSCRIPTION AGREEMENT") RELATES TO AN OFFERING OF SECURITIES IN AN OFFSHORE
TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO
REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
"1933 ACT").

NONE OF THE SECURITIES TO WHICH THIS SUBSCRIPTION AGREEMENT
RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES
LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR
INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT
IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS.

	PRIVATE PLACEMENT SUBSCRIPTION 
	(Non U.S. Subscribers Only) 

	TO: 	Wolverine Exploration Inc. (the “Company”)
  
	  	4055 McLean Road, Quesnel, 
	  	British Columbia, Canada V2J 6V5

Purchase of Shares

1.             SUBSCRIPTION

1.1           The undersigned (the "Subscriber") hereby irrevocably
  subscribes for and agrees to purchase the number of shares of the Company's
  common stock (the "Shares") as set out on page 2 of this Subscription Agreement
  at a price of US$0.03 per Share (such subscription and agreement to purchase
  being the "Subscription"), for the total subscription price as set out on page 2
  of this Subscription Agreement (the "Subscription Proceeds"), which Subscription
  Proceeds are tendered herewith, on the basis of the representations and
  warranties and subject to the terms and conditions set forth herein. The Shares
  are referred to as the “Securities”. 

1.2           The Company hereby agrees to sell, on the basis of the
representations and warranties and subject to the terms and conditions set forth
herein, to the Subscriber the Shares. Subject to the terms hereof, the
Subscription Agreement will be effective upon its acceptance by the Company.

1.3           Unless otherwise provided, all dollar amounts referred to in
this Subscription Agreement are in lawful money of the United States of America.

2.            PAYMENT

2.1          The Subscription Proceeds must accompany this Subscription
Agreement. The Subscriber authorizes the Company's lawyers to deliver the
Subscription Proceeds to the Company if the Subscription Proceeds are delivered
to the Company’s lawyers, without further instructions required. 

2.2          The Subscriber acknowledges and agrees that this Subscription
Agreement and any other documents delivered in connection herewith will be held
by the Company's lawyers on behalf of the Company. In the event that this
Subscription Agreement is not accepted by the Company for whatever reason within
90 days of the delivery of an executed Subscription Agreement by the Subscriber,
or the minimum offering amount is not achieved by that time, this Subscription
Agreement, the Subscription Proceeds and any other documents delivered in connection herewith will be returned to the Subscriber at the
address of the Subscriber as set forth in this Subscription Agreement without
interest or deduction. 

2.3           Where the Subscription Proceeds are paid to the Company, the
Company may treat the Subscription Proceeds as a non-interest bearing loan and
may use the Subscription Proceeds prior to this Subscription Agreement being
accepted by the Company. 

2.4          If resident in Canada, the Subscriber must complete, sign and
return to the Company an executed copy of this Subscription Agreement, the
Questionnaire attached hereto as Schedule A (the “Questionnaire”) and any other
schedules attached hereto. 

2.5          The Subscriber shall complete, sign and return to the Company
as soon as possible, on request by the Company, any documents, questionnaires,
notices and undertakings as may be required by regulatory authorities, stock
exchanges and applicable law. 

3.            CLOSING

3.1           Closing of the purchase and sale of the Shares shall occur on
or before _____________, 2010, or on such other date as may be determined by the
Company in its sole discretion (the "Closing Date"). The Subscriber acknowledges
that Shares may be issued to other subscribers under this offering (the
"Offering") before or after the Closing Date. The Company, may, at its
discretion, elect to close the Offering in one or more closings, in which event
the Company may agree with one or more subscribers (including the Subscriber
hereunder) to complete delivery of the Shares to such subscriber(s) against
payment therefore at any time on or prior to the Closing Date. 

4.            ACKNOWLEDGEMENTS OF SUBSCRIBER

4.1           The  acknowledges and agrees that:  

		(a) 	none of the Securities have been registered
      under the Securities Act of 1933, as amended (the "1933 Act"), or under
      any state securities or "blue sky" laws of any state of the United States,
      and are being offered only in a transaction not involving any public
      offering within the meaning of the 1933 Act, and, unless so registered,
      may not be offered or sold in the United States or to U.S. Persons (as
      defined herein), except pursuant to an effective registration statement
      under the 1933 Act, or pursuant to an exemption from, or in a transaction
      not subject to, the registration requirements of the 1933 Act, and in each
      case only in accordance with applicable state and provincial securities
      laws; 
	 	  	  
		(b) 	the Company will refuse to register any
      transfer of any of the Securities not made in accordance with the
      provisions of Regulation S, pursuant to an effective registration
      statement under the 1933 Act or pursuant to an available exemption from,
      or in a transaction not subject to, the registration requirements of the
      1933 Act; 
	 	  	  
		(c) 	by completing the Questionnaire, the Subscriber
      is representing and warranting that the Subscriber satisfies one of the
      categories of registration and prospectus exemptions provided for in
      National Instrument 45-106 ("NI 45-106") adopted by the Canadian
      Securities Administrators (the "CSA"); 
	 	  	  
		(d) 	the decision to execute this Subscription
      Agreement and purchase the Shares agreed to be purchased hereunder has not
      been based upon any oral or written representation as to fact or otherwise
      made by or on behalf of the Company and such decision is based solely upon
      a review of publicly available information regarding the Company available
      on the website of the United States Securities and Exchange Commission
      (the "SEC") available at www.sec.gov (the "Company Information"); 
	 	  	  
		(e) 	the Subscriber and the Subscriber's advisor(s)
      have had a reasonable opportunity to review the Company Information and to
      ask questions of and receive answers from the Company regarding
  the Offering, and to obtain
      additional information, to the extent possessed or obtainable without
      unreasonable effort or expense, necessary to verify the accuracy of the
      information contained in the Company Information, or any other document
    provided to the Subscriber; 

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	 	(f) 	the books and records of the Company
      were available upon reasonable notice for inspection, subject to certain
      confidentiality restrictions, by the Subscriber during reasonable business
      hours at its principal place of business and that all documents, records
      and books pertaining to this Offering have been made available for
    inspection by the Subscriber, the Subscriber's attorney and/or advisor(s);    
	 	  	  	  
	 	(g) 	by execution hereof the Subscriber
      has waived the need for the Company to communicate its acceptance of the
      purchase of the Shares pursuant to this Subscription Agreement; 
	 	  	  	  
	 	(h) 	the Company is entitled to rely on
      the representations and warranties and the statements and answers of the
      Subscriber contained in this Subscription Agreement and the Questionnaire
      and the Subscriber will hold harmless the Company from any loss or damage
      it may suffer as a result of the Subscriber's failure to correctly
      complete this Subscription Agreement and the Questionnaire; 
	 	  	  	  
	 	(i) 	the Subscriber will indemnify and
      hold harmless the Company and, where applicable, its respective directors,
      officers, employees, agents, advisors and shareholders from and against
      any and all loss, liability, claim, damage and expense whatsoever
      (including, but not limited to, any and all fees, costs and expenses
      whatsoever reasonably incurred in investigating, preparing or defending
      against any claim, lawsuit, administrative proceeding or investigation
      whether commenced or threatened) arising out of or based upon any
      acknowledgment, representation or warranty of the Subscriber contained
      herein, the Questionnaire or in any other document furnished by the
      Subscriber to the Company in connection herewith, being untrue in any
      material respect or any breach or failure by the Subscriber to comply with
      any covenant or agreement made by the Subscriber to the Company in
      connection therewith; 
	 	  	  	  
	 	(j) 	the issuance and sale of the Shares
      to the Subscriber will not be completed if it would be unlawful or if, in
      the discretion of the Company acting reasonably, it is not in the best
      interests of the Company; 
	 	  	  	  
	 	(k) 	the Subscriber has been advised to
      consult the Subscriber’s own legal, tax and other advisors with respect to
      the merits and risks of an investment in the Securities and with respect
      to the applicable resale restrictions, and it is solely responsible (and
      the Company is not in any way responsible) for compliance with: 
	 	  	  	  
	 		(i) 	any applicable laws of the jurisdiction in
      which the Subscriber is resident in connection with the distribution of
      the Securities hereunder, and 
	 	  	  	  
	 	  	(ii) 	applicable resale restrictions; 
	 	  	  	  
	 	(l) 	the Subscriber has not acquired the
      Shares as a result of, and will not itself engage in, any "directed
      selling efforts" (as defined in Regulation S under the 1933 Act) in the
      United States in respect of any of the Securities which would include any
      activities undertaken for the purpose of, or that could reasonably be
      expected to have the effect of, conditioning the market in the United
      States for the resale of any of the Securities; provided, however, that
      the Subscriber may sell or otherwise dispose of any of the Shares pursuant
      to registration of any of the Shares pursuant to the 1933 Act and any
      applicable state securities laws or under an exemption from such
      registration requirements and as otherwise provided herein; 
	 	  	  	  
	 	(m) 	the Subscriber is outside the United
      States when receiving and executing this Subscription Agreement and is
      acquiring the Shares as principal for its own account, for investment
      purposes only, and not with a view to, or for, resale,
      distribution or fractionalization thereof, in whole or in part, and no
      other person has a direct or indirect beneficial interest in such Shares;    

6

	 	(n) 	the statutory and regulatory basis for the
      exemption claimed for the offer and sale of the Shares, although in
      technical compliance with Regulation S, would not be available if the
      offering is part of a plan or scheme to evade the registration provisions
      of the 1933 Act; 
	 	  	  
	 	(o) 	the Company has advised the Subscriber that, if
      the Subscriber is a Canadian resident, the Company is relying on an
      exemption from the requirements to provide the Subscriber with a
      prospectus and to sell the Shares through a person registered to sell
      securities and, as a consequence of acquiring the Shares pursuant to this
      exemption, certain protections, rights and remedies provided, including
      statutory rights of rescission or damages, will not be available to the
      Subscriber; 
	 	  	  
	 	(p) 	none of the Securities are listed on any stock
      exchange or automated dealer quotation system and no representation has
      been made to the Subscriber that any of the Securities will become listed
      on any stock exchange or automated dealer quotation system; 
	 	  	  
	 	(q) 	neither the SEC nor any other securities
      commission or similar regulatory authority has reviewed or passed on the
      merits of any of the Securities; 
	 	  	  
	 	(r) 	no documents in connection with this Offering
  have been reviewed by the SEC or any state securities administrators;  
	 	  	  
	 	(s) 	there is no government or other insurance
      covering any of the Securities; and 
	 	  	  
	 	(t) 	this Subscription Agreement is not enforceable
      by the Subscriber unless it has been accepted by the Company, and the
      Subscriber acknowledges and agrees that the Company reserves the right to
      reject any subscription for any reason. 

      5.             REPRESENTATIONS, WARRANTIES AND COVENANTS
OF THE SUBSCRIBER

5.1           The Subscriber hereby represents and warrants to and covenants
  with the Company (which representations, warranties and covenants shall survive
  the Closing Date) that: 

	 	(a) 	the Subscriber is not a U.S. Person
      (as defined herein); 
	 	  	  	  
	 	(b) 	the Subscriber is not acquiring the
      Shares for the account or benefit of, directly or indirectly, any U.S.
      Person (as defined herein); 
	 	  	  	  
	 	(c) 	the Subscriber is resident in the
      jurisdiction set out on page 2 of this Subscription Agreement; 
	 	  	  	  
	 	(d) 	the Subscriber: 
	 	  	  	  
			(i) 	is knowledgeable of, or has been independently
      advised as to, the applicable securities laws of the securities regulators
      having application in the jurisdiction in which the Subscriber is resident
      (the “International Jurisdiction”) which would apply to the acquisition of
      the Shares, 
	 	  	  	  
			(ii) 	is purchasing the Shares pursuant to exemptions
      from prospectus or equivalent requirements under applicable securities
      laws or, if such is not applicable, the Subscriber is permitted to
      purchase the Shares under the applicable securities laws of the securities
      regulators in the International Jurisdiction without the need to rely on
      any exemptions, 

7

		(iii) 	acknowledges that the applicable
      securities laws of the authorities in the International Jurisdiction do
      not require the Company to make any filings or seek any approvals of any
      kind whatsoever from any securities regulator of any kind whatsoever in
      the International Jurisdiction in connection with the issue and sale or
      resale of any of the Securities, and 
	 	  	  	  
		(iv) 	represents and warrants
      that the acquisition of the Shares by the Subscriber does not trigger:  

	 	  	  	  
			A. 	any obligation to prepare and file a prospectus
      or similar document, or any other report with respect to such purchase in
      the International Jurisdiction, or 
	 	  	  	  
			B. 	any continuous disclosure reporting obligation
      of the Company in the International Jurisdiction, and 
	 	  	  	  
			the Subscriber will, if requested by
      the Company, deliver to the Company a certificate or opinion of local
      counsel from the International Jurisdiction which will confirm the matters
      referred to in subparagraphs (ii), (iii) and (iv) above to the
      satisfaction of the Company, acting reasonably; 

	 	(e) 	
      the Subscriber is acquiring the Shares as principal for
      investment only and not with a view to, or for, resale, distribution or
      fractionalization thereof, in whole or in part, and, in particular, it has
      no intention to distribute either directly or indirectly any of the
      Securities in the United States or to U.S. Persons (as defined
    herein);

	 	 	 
	 	(f) 	
      the Subscriber is outside the United States when
      receiving and executing this Subscription Agreement;

	 	 	 
	 	(g) 	
      the Subscriber understands and agrees not to engage in
      any hedging transactions involving any of the Securities unless such
      transactions are in compliance with the provisions of the 1933 Act and in
      each case only in accordance with applicable state securities
  laws;

	 	 	 
	 	(h) 	
      the Subscriber acknowledges that it has not acquired the
      Shares as a result of, and will not itself engage in, any "directed
      selling efforts" (as defined in Regulation S under the 1933 Act) in the
      United States in respect of any of the Securities which would include any
      activities undertaken for the purpose of, or that could reasonably be
      expected to have the effect of, conditioning the market in the United
      States for the resale of any of the Securities; provided, however, that
      the Subscriber may sell or otherwise dispose of any of the Shares pursuant
      to registration of any of the Shares pursuant to the 1933 Act and any
      applicable state securities laws or under an exemption from such
      registration requirements and as otherwise provided herein;

	 	 	 
	 	(i) 	
      the Subscriber has the legal capacity and competence to
      enter into and execute this Subscription Agreement and to take all actions
      required pursuant hereto and, if the Subscriber is a corporation, it is
      duly incorporated and validly subsisting under the laws of its
      jurisdiction of incorporation and all necessary approvals by its
      directors, shareholders and others have been obtained to authorize
      execution and performance of this Subscription Agreement on behalf of the
      Subscriber;

	 	 	 
	 	(j) 	
      the entering into of this Subscription Agreement and the
      transactions contemplated hereby do not result in the violation of any of
      the terms and provisions of any law applicable to, or, if applicable, the
      constating documents of, the Subscriber, or of any agreement, written or
      oral, to which the Subscriber may be a party or by which the Subscriber is
      or may be bound;

	 	 	 
	 	(k) 	
      the Subscriber has duly executed and delivered this
      Subscription Agreement and it constitutes a valid and binding agreement of
      the Subscriber enforceable against the Subscriber;

	 	 	 
	 	(l) 	
      the Subscriber has received and carefully read this
      Subscription Agreement;

8

	 	(m) 	the Subscriber (i) has adequate net
      worth and means of providing for its current financial needs and possible
      personal contingencies, (ii) has no need for liquidity in this investment,
      and (iii) is able to bear the economic risks of an investment in the
      Securities for an indefinite period of time, and can afford the complete
      loss of such investment; 
	 	  	  	  
	 	(n) 	the Subscriber has the requisite
      knowledge and experience in financial and business matters as to be
      capable of evaluating the merits and risks of the investment in the
      Securities and the Company, and the Subscriber is providing evidence of
      knowledge and experience in these matters through the information
      requested in the Questionnaire; 
	 	  	  	  
	 	(o) 	the Subscriber understands and agrees
      that the Company and others will rely upon the truth and accuracy of the
      acknowledgements, representations, warranties, covenants and agreements
      contained in this Subscription Agreement and the Questionnaire, and agrees
      that if any of such acknowledgements, representations and agreements are
      no longer accurate or have been breached, the Subscriber shall promptly
      notify the Company; 
	 	  	  	  
	 	(p) 	the Subscriber is aware that an
      investment in the Company is speculative and involves certain risks,
      including the possible loss of the investment; 
	 	  	  	  
	 	(q) 	the Subscriber is purchasing the
      Shares for its own account for investment purposes only and not for the
      account of any other person and not for distribution, assignment or resale
      to others, and no other person has a direct or indirect beneficial
      interest is such Shares, and the Subscriber has not subdivided his
      interest in the Shares with any other person; 
	 	  	  	  
	 	(r) 	the Subscriber is not an underwriter
      of, or dealer in, the shares of the Company's common stock, nor is the
      Subscriber participating, pursuant to a contractual agreement or
      otherwise, in the distribution of the Shares; 
	 	  	  	  
	 	(s) 	the Subscriber has made an
      independent examination and investigation of an investment in the
      Securities and the Company and has depended on the advice of its legal and
      financial advisors and agrees that the Company will not be responsible in
      anyway whatsoever for the Subscriber's decision to invest in the
      Securities and the Company; 
	 	  	  	  
	 	(t) 	if the Subscriber is acquiring the
      Shares as a fiduciary or agent for one or more investor accounts, the
      Subscriber has sole investment discretion with respect to each such
      account, and the Subscriber has full power to make the foregoing
      acknowledgements, representations and agreements on behalf of such
      account; 
	 	  	  	  
	 	(u) 	the Subscriber is not aware of any
      advertisement of any of the Shares and is not acquiring the Shares as a
      result of any form of general solicitation or general advertising
      including advertisements, articles, notices or other communications
      published in any newspaper, magazine or similar media or broadcast over
      radio or television, or any seminar or meeting whose attendees have been
      invited by general solicitation or general advertising; 
	 	  	  	  
	 	(v) 	no person has made to the Subscriber
      any written or oral representations: 
	 	  	  	  
	 	  	(i) 	that any person will resell or repurchase any
      of the Securities, 
	 	  	  	  
	 	  	(ii) 	that any person will refund the purchase price
      of any of the Securities, 
	 	  	  	  
	 	  	(iii) 	as to the future price or value of any of the
      Securities, or 
	 	  	  	  
	 		(iv) 	that any of the Securities will be listed and
      posted for trading on any stock exchange or automated dealer quotation
      system or that application has been made to list and post any of the Securities of the Company on any stock
      exchange or automated dealer quotation system; and
  

9

	 	(w) 	the Subscriber acknowledges and
      agrees that the Company shall not consider the Subscriber's Subscription
      for acceptance unless the undersigned provides to the Company, along with
      an executed copy of this Subscription Agreement: 
	 	  	  	  
	 		(i) 	a fully completed and executed Questionnaire in
      the form attached hereto as Schedule A, and 
	 	  	  	  
	 		(ii) 	such other supporting documentation that the
      Company or its legal counsel may request to establish the Subscriber's
      qualification as a qualified investor. 

5.2           In this Subscription Agreement, the term "U.S. Person" shall
have the meaning ascribed thereto in Regulation S promulgated under the 1933 Act
and for the purpose of the Subscription Agreement includes any person in the
United States. 

6.              ACKNOWLEDGEMENT AND WAIVER

6.1           The Subscriber has acknowledged that the decision to purchase
the Shares was solely made on the Company Information. The Subscriber hereby
waives, to the fullest extent permitted by law, any rights of withdrawal,
rescission or compensation for damages to which the Subscriber might be entitled
in connection with the distribution of any of the Shares. 

7.             REPRESENTATIONS AND WARRANTIES WILL BE
RELIED UPON BY THE COMPANY 

7.1           The Subscriber acknowledges that the acknowledgements,
representations and warranties contained herein and in the Questionnaire are
made by it with the intention that they may be relied upon by the Company and
its legal counsel in determining the Subscriber's eligibility to purchase the
Shares under applicable securities legislation, or (if applicable) the
eligibility of others on whose behalf it is contracting hereunder to purchase
the Shares under applicable securities legislation. The Subscriber further
agrees that by accepting delivery of the certificates representing the Shares,
it will be representing and warranting that the acknowledgements representations
and warranties contained herein and in the Questionnaire are true and correct as
of the date hereof and will continue in full force and effect notwithstanding
any subsequent disposition by the Subscriber of such Shares. 

8.             RESALE RESTRICTIONS

8.1           The Subscriber acknowledges that any resale of the Securities
will be subject to resale restrictions contained in the securities legislation
applicable to the Subscriber or proposed transferee. The Subscriber acknowledges
that none of the Securities have been registered under the 1933 Act or the
securities laws of any state of the United States. None of the Securities may be
offered or sold in the United States unless registered in accordance with
federal securities laws and all applicable state securities laws or exemptions
from such registration requirements are available. 

9.             LEGENDING AND REGISTRATION OF SUBJECT
SECURITIES

9.1           The Subscriber hereby acknowledges that upon the issuance
thereof, and until such time as the same is no longer required under the
applicable securities laws and regulations, the certificates representing the
Shares will bear a legend in substantially the following form: 

THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN AN
OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN)
PURSUANT TO REGULATIONS UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
"1933 ACT"). 

10 

NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED
UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO
REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE
CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. "UNITED STATES" AND "U.S.
PERSON" ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT. 

9.2           The Subscriber hereby acknowledges and agrees to the Company
making a notation on its records or giving instructions to the registrar and
transfer agent of the Company in order to implement the restrictions on transfer
set forth and described in this Subscription Agreement. 

10.             COLLECTION OF PERSONAL
INFORMATION

10.1           The Subscriber acknowledges and consents to the fact that the
Company is collecting the Subscriber's personal information for the purpose of
fulfilling this Subscription Agreement and completing the Offering. The
Subscriber's personal information (and, if applicable, the personal information
of those on whose behalf the Subscriber is contracting hereunder) may be
disclosed by the Company to (a) stock exchanges or securities regulatory
authorities, (b) the Company's registrar and transfer agent, (c) Canadian tax
authorities, (d) authorities pursuant to the Proceeds of Crime (Money
Laundering) and Terrorist Financing Act (Canada) and (e) any of the other
parties involved in the Offering, including legal counsel, and may be included
in record books in connection with the Offering. By executing this Subscription
Agreement, the Subscriber is deemed to be consenting to the foregoing
collection, use and disclosure of the Subscriber's personal information (and, if
applicable, the personal information of those on whose behalf the Subscriber is
contracting hereunder) and to the retention of such personal information for as
long as permitted or required by law or business practice. Notwithstanding that
the Subscriber may be purchasing Shares as agent on behalf of an undisclosed
principal, the Subscriber agrees to provide, on request, particulars as to the
identity of such undisclosed principal as may be required by the Company in
order to comply with the foregoing. 

11.             COSTS

11.1           The Subscriber acknowledges and agrees that all costs and
expenses incurred by the Subscriber (including any fees and disbursements of any
special counsel retained by the Subscriber) relating to the purchase of the
Shares shall be borne by the Subscriber. 

12.             GOVERNING LAW

12.1           This Subscription Agreement is governed by the laws of the
State of Nevada. The Subscriber, in its personal or corporate capacity and, if
applicable, on behalf of each beneficial purchaser for whom it is acting,
irrevocably attorns to the exclusive jurisdiction of the Courts of the State of
Nevada. 

11

13.             SURVIVAL

13.1           This Subscription Agreement, including without limitation the
  representations, warranties and covenants contained herein, shall survive and
  continue in full force and effect and be binding upon the parties hereto
  notwithstanding the completion of the purchase of the Shares by the Subscriber
  pursuant hereto. 

14.             ASSIGNMENT

14.1           This Subscription Agreement is not transferable or assignable.

15.             SEVERABILITY

15.1           The invalidity or unenforceability of any particular provision
  of this Subscription Agreement shall not affect or limit the validity or
  enforceability of the remaining provisions of this Subscription Agreement. 

16.             ENTIRE AGREEMENT

16.1           Except as expressly provided in this Subscription Agreement and
  in the agreements, instruments and other documents contemplated or provided for
  herein, this Subscription Agreement contains the entire agreement between the
  parties with respect to the sale of the Shares and there are no other terms,
  conditions, representations or warranties, whether expressed, implied, oral or
  written, by statute or common law, by the Company or by anyone else. 

17.             NOTICES

17.1           All notices and other communications hereunder shall be in
  writing and shall be deemed to have been duly given if mailed or transmitted by
  any standard form of telecommunication. Notices to the Subscriber shall be
  directed to the address on page 2 and notices to the Company shall be directed
  to it at the first page of this Subscription Agreement. 

18.             COUNTERPARTS AND ELECTRONIC MEANS

18.1           This Subscription Agreement may be executed in any number of
  counterparts, each of which, when so executed and delivered, shall constitute an
  original and all of which together shall constitute one instrument. Delivery of
  an executed copy of this Subscription Agreement by electronic facsimile
  transmission or other means of electronic communication capable of producing a
  printed copy will be deemed to be execution and delivery of this Subscription
  Agreement as of the date hereinafter set forth. 

SCHEDULE A 

CANADIAN QUESTIONNAIRE 

All capitalized terms herein, unless otherwise defined, have
the meanings ascribed thereto in the Subscription Agreement. 

The purpose of this Questionnaire is to assure the Company that
the Subscriber will meet certain requirements of National Instrument 45-106 ("NI
45-106"). The Company will rely on the information contained in this
Questionnaire for the purposes of such determination. 

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

	 	1. 	the Subscriber has such knowledge and
      experience in financial and business matters as to be capable of
      evaluating the merits and risks of the transactions detailed in the
      Subscription Agreement and the Subscriber is able to bear the economic
      risk of loss arising from such transactions; 	 
	 	  	  	  	 
	 	2. 	the Subscriber is (tick one or
      more of the following boxes): 	 
	 	  	  	  	 
	 		(A) 	a director, executive officer, employee or
      control person of the Company or an affiliate of the Company 	[  
]
	 	  	  	  	 
	 	  	(B) 	a spouse, parent, grandparent, brother, sister
      or child of a director, executive   officer, founder or
      control person of the Company or an affiliate of the Company 	[  
]
	 	  	  	  	 
	 		(C) 	a parent, grandparent, brother, sister or child
      of the spouse of a director, executive officer, founder or control person
      of the Company or an affiliate of the Company 	[  
]
	 	  	  	  	
	 		(D) 	a close personal friend of a director,
      executive officer, founder or control person of the Company 	[  
]
	 	  	  	  	
	 		(E) 	a close business associate of a director,
      executive officer, founder or control person of the Company or an
      affiliate of the Company 	[  
]
	 	  	  	  	 
	 	  	(F) 	an accredited investor 	[  
]
	 	  	  	  	 
	 	  	(G) 	a company, partnership or other entity of which
      a majority of the voting  securities are beneficially owned by,
      or a majority of the directors are, persons described in paragraphs A to F    	[  
]
	 	  	  	  	 
	 		(H) 	a trust or estate of which all of the
      beneficiaries or a majority of the trustees or executors are persons
      described in paragraphs A to F 	[  
]
	 	  	  	  	 
	 		(I) 	purchasing as principal Securities with an
      aggregate acquisition cost of not less than CDN$150,000 	[  
  ]

- 2 - 

	 	3. 	if the Subscriber has checked box B, C, D, E, G
      or H in Section 2 above, the director, executive officer, founder or
      control person of the Company with whom the undersigned has the
      relationship is: 
	 	 	 
	 	 	 

(Instructions to Subscriber: fill in the name of each
director, executive officer, founder and control person which you have the
above-mentioned relationship with. If you have checked box G or H, also indicate
which of A to F describes the securityholders, directors, trustees or
beneficiaries which qualify you as box G or H and provide the names of those
individuals. Please attach a separate page if necessary).

	 	4. 	
      if the Subscriber is resident in Ontario, the Subscriber
      is (tick one or more of the following
boxes):

	 	 	(A) 	
    a founder of the Company
	[   ] 
	 	 	 	 	 
	 	 	(B) 	
    an affiliate of a founder of the Company
	[   ]
	 	 	 	 	
	 	 	(C) 	
      a spouse, parent, brother, sister, grandparent or child
      of a director, executive officer or founder of the Company
	[   ]
	 	 	 	 	 
	 	 	(D) 	
    a person that is a control person of the Company
	[   ] 
	 	 	 	 	 
	 	 	(E) 	
    an accredited investor
	[   ] 
	 	 	 	 	 
	 	 	(F) 	
      purchasing as principal Securities with an aggregate
      acquisition cost of not less than CDN$150,000
	[   ] 

	 	5. 	if the Subscriber has checked box A, B, C or D
      in Section 4 above, the director, executive officer, founder or control
      person of the Company with whom the undersigned has the relationship is:    
	 	  	  
	 	 	 
	 	 	 
	 		(Instructions to Subscriber: fill in the
      name of each director, executive officer, founder, affiliate and
      control person which you have the above-mentioned relationship with.)    
	 	  	  
	 	6. 	if the Subscriber has ticked box F in Section 2
      or box E in Section 4 above, the Subscriber satisfies one or more of the
      categories of "accredited investor" (as that term is defined in NI 45-106)
      indicated below (please check the appropriate box):

	 	[   ]	(a) a Canadian financial institution as defined
      in National Instrument 14-101, or an authorized foreign bank listed in
      Schedule III of the Bank Act (Canada); 

	 	  	 

	 	[   ]	(b) the Business Development Bank of Canada
      incorporated under the Business Development Bank Act
      (Canada); 

	 	  	  
	 	[   ]	(c) a subsidiary of any person referred to in
      any of the foregoing categories, if the person owns all of the voting
      securities of the subsidiary, except the voting securities required by law
      to be owned by directors of that subsidiary; 

	 	  	  
	 	[   ]	(d) an individual registered or formerly
      registered under securities legislation in a jurisdiction of Canada, as a
      representative of a person or company registered under securities
      legislation in a jurisdiction of Canada, as an adviser or dealer, other
      than a limited market dealer registered under the Securities Act
      (Ontario) or the Securities Act (Newfoundland);

- 3 - 

		[  ] 	(e) an individual registered or formerly
      registered under the securities legislation of a jurisdiction of Canada as
      a representative of a person referred to in paragraph (d); 

		  	 

		[  ] 	(f) the government of Canada or a province, or
      any crown corporation or agency of the government of Canada or a province;    

		  	 

	 	[  ] 	(g) a municipality, public board or commission
      in Canada and a metropolitan community, school board, the Comite de
      gestion de la taxe scholaire de l'ile de Montreal or an intermunicipal
      management board in Québec; 

		  	 

		[  ] 	(h) a national, federal, state, provincial,
      territorial or municipal government of or in any foreign jurisdiction, or
      any agency thereof; 

		  	 

	 	[  ] 	(i) a pension fund that is regulated by either
      the Office of the Superintendent of Financial Institutions (Canada) or a
      pension commission or similar regulatory authority of a jurisdiction of
      Canada; 

		  	 

	 	[  ] 	(j) an individual who either alone or with a
      spouse beneficially owns, directly or indirectly, financial assets (as
      defined in NI 45-106) having an aggregate realizable value that, before
      taxes but net of any related liabilities, exceeds CDN$1,000,000; 

		  	 

	 	[  ] 	(k) an individual whose net income before taxes
      exceeded CDN$200,000 in each of the two more recent calendar years or
      whose net income before taxes combined with that of a spouse exceeded
      $300,000 in each of those years and who, in either case, reasonably
      expects to exceed that net income level in the current calendar year;  

		  	 

		[  ] 	(l) an individual who, either alone or with a
      spouse, has net assets of at least CDN $5,000,000; 

		  	 

		[  ] 	(m) a person, other than an individual or
      investment fund, that had net assets of at least CDN$5,000,000 as
      reflected on its most recently prepared financial statements; 

		  	 

	 	[  ] 	(n) an investment fund that distributes it
      securities only to persons that are accredited investors at the time of
      distribution, a person that acquires or acquired a minimum of CDN$150,000
      of value in securities, or a person that acquires or acquired securities
      under Sections 2.18 or 2.19 of NI 45-106; 

		  	 

	 	[  ] 	(o) an investment fund that distributes or has
      distributed securities under a prospectus in a jurisdiction of Canada for
      which the regulator or, in Québec, the securities regulatory authority,
      has issued a receipt; 

		  	 

	 	[  ] 	(p) a trust company or trust corporation
      registered or authorized to carry on business under the Trust and Loan
        Companies Act (Canada) or under comparable legislation in a
      jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a
      fully managed account managed by the trust company or trust corporation,
      as the case may be; 

		  	 

	 	[  ] 	(q) a person acting on behalf of a fully
      managed account managed by that person, if that person (i) is registered
      or authorized to carry on business as an adviser or the equivalent under
      the securities legislation of a jurisdiction of Canada or a foreign
      jurisdiction, and (ii) in Ontario, is purchasing a security that is not a
      security of an investment fund; 

		  	 

	 	[  ] 	(r) a registered charity under the Income
      Tax Act (Canada) that, in regard to the trade, has obtained advice
      from an eligibility advisor or an advisor registered under the securities
      legislation of the jurisdiction of the registered charity to give advice
      on the securities being traded; 

- 4 - 

	 	[  ] 	(s) an entity organized in a foreign
      jurisdiction that is analogous to any of the entities referred to in
      paragraphs (a) to (d) or paragraph (i) in form and function; 

	 	  	 

	 	[  ] 	(t) a person in respect of which all of the
      owners of interests, direct, indirect or beneficial, except the voting
      securities required by law are persons or companies that are accredited
      investors; 

	 	  	 

	 	[  ] 	(u) an investment funds that is advised by a
      person registered as an advisor or a person that is exempt from
      registration as an advisor; or 

	 	  	 

	 	[  ] 	(v) a person that is recognized or designated
      by the securities regulatory authority or, except in Ontario and Québec,
      the regulator as (i) an accredited investor, or (ii) an exempt purchaser
    in Alberta or British Columbia after this instrument comes into force; 

The Subscriber acknowledges and agrees that the Subscriber may
be required by the Company to provide such additional documentation as may be
reasonably required by the Company and its legal counsel in determining the
Subscriber's eligibility to acquire the Securities under relevant legislation.

IN WITNESS WHEREOF, the undersigned has executed this
      Questionnaire as of the ___ day of __________________, ________ .

	If an Individual:
    	 	If a
      Corporation, Partnership or Other Entity: 
	 	 	 
	 	 	 
	 	 	 
	Signature 	 	Print
      or Type Name of Entity 
	 	 	 
	 	 	 
	Print or Type Name 	 	Signature of Authorized Signatory 
	 	 	 
	 	 	 
	  	 	Type of EntityWolverine Explorations Inc.: Exhibit 10.3 - Filed by newsfilecorp.com

DEBT SETTLEMENT AGREEMENT  

THIS AGREEMENT, made and dated for reference the * day
of *, *. 

	BETWEEN: 	 	 
	 	
    WOLVERINE EXPLORATION INC., a company duly incorporated pursuant to the laws of the State of Nevada
    and having an office at 4055 McLean Road, Quesnel, BC, V2J 6V5.    
	 
		 	
	 	(hereinafter called the "Company") 	 
	 	 OF THE FIRST PART 
	AND: 	 	 
	 	*. 	 
		 	
	 	(hereinafter called the "Creditor") 	 
	 	 OF THE
    SECOND PART 

WHEREAS: 

A. The Company is indebted to the Creditor in the
amount of USD $* as of the date hereof (the Debt”); and 

B. The Creditor has agreed to accept common shares
in the capital stock of the Company in lieu of payment of the debt. 

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the premises and of the covenants, conditions and provisos
herein contained, and other good and valuable consideration, the parties hereto
agree as follows: 

1. The Creditor hereby agrees to accept, subject
      to paragraph 2 hereof, * fully paid and non-assessable common shares in the capital
      of the Company (the “Shares”) in lieu of payment of the Debt by the Company at a deemed
issuance price of USD $0.03 per Share. 

2. The Creditor acknowledges that the issuance of
      the Shares as contemplated by paragraph 1 of this Agreement is subject to
      compliance with applicable securities laws. Further, the Creditor acknowledges that the certificates
      representing the Shares will contain a restrictive legend inhibiting the ability of the Creditor to
trade such shares until the expiry of a six month hold period. 

- 2 -

3. This Agreement shall enure to the benefit of
      and be binding upon the parties hereto and their respective heirs, successors and
assigns. 

4. This Agreement shall be governed, construed
      and enforced according to the laws of the Province of British Columbia and is
subject to the exclusive jurisdiction of the courts of the Province of British Columbia. 

5. The parties agree to execute such further
documents and assurances as may be required to effect the intent hereof. 

6. The Creditor agrees to abide by the provisions
      of applicable securities laws in the disposition of any Shares of the Company acquired
pursuant to this Agreement. 

7. The Creditor and the Company may execute this
      Agreement in two or more counterparts, each of which is deemed to be an
      original and all of which constitute one agreement, effective as of the date first above
written. 

	WOLVERINE EXPLORATION INC.  
	  	  
	  	 
	  	 
	 

        	  
	Lee Costerd 	  
	  	  
	  	  
	  	  
	  	  
	*

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