Document:

Exhibit 10.30

 

LOCKUP AGREEMENT

 

This Lockup Agreement (this
 “Agreement”), dated as of January [__], 2021, is entered into by and among Experience Investment Corp., a Delaware
corporation (“Acquiror”), BLADE Urban Air Mobility, Inc., a Delaware corporation (the “Company”),
and [____________] (the “Stockholder”).

 

RECITALS

 

WHEREAS, Acquiror, the Company,
and Experience Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Acquiror (“Merger Sub”) have
entered into an Agreement and Plan of Merger (as amended, supplemented, restated or otherwise modified from time to time, the “Merger
Agreement”; capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the
Merger Agreement), pursuant to which (and subject to the terms and conditions set forth therein) Merger Sub will merge with and into the
Company, with the Company surviving the merger (the “Merger”);

 

WHEREAS, as of the date hereof,
the Stockholder is the record and “beneficial owner” (within the meaning of Rule 13d-3 under the Securities Exchange Act of
1934, as amended (together with the rules and regulations promulgated thereunder, the “Exchange Act”)) of and is entitled
to dispose of and vote shares of Company Stock (the “Owned Shares”; the Owned Shares and any additional shares of Company
Stock (or any securities convertible into or exercisable or exchangeable for Company Stock) in which the Stockholder acquires record or
beneficial ownership after the date hereof, including by purchase, as a result of a stock dividend, stock split, recapitalization, combination,
reclassification, exchange or change of such shares, or upon exercise or conversion of any securities, the “Covered Shares”);
and

 

WHEREAS, the Stockholder and
Robert Wiesenthal, the Chief Executive Officer of the Company, on behalf of the Company, have previously agreed to an oral arrangement
(the “Oral Arrangement”) to enter into an agreement substantially like this Agreement and to subject the Owned Shares
to the obligations set forth herein, and the parties hereto are entering into this Agreement in order to formally document the Oral Arrangement.

		 	 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby, the parties hereto
hereby agree as follows:

 

1.                 
No Inconsistent Agreements. The Stockholder hereby covenants and agrees that the Stockholder shall not, at any time prior
to the Termination Date, (i) enter into any voting agreement or voting trust with respect to any of the Covered Shares that is inconsistent
with the Stockholder’s obligations pursuant to this Agreement, (ii) grant a proxy or power of attorney with respect to any of the
Covered Shares that is inconsistent with the Stockholder’s obligations pursuant to this Agreement, or (iii) enter into any agreement
or undertaking that is otherwise inconsistent with, or would interfere with, or prohibit or prevent it from satisfying, its obligations
pursuant to this Agreement.

 

    

     

    

 

2.                 
 Termination. This Agreement shall terminate upon the earlier of (i) the date that is the six-month anniversary of the Closing
and (ii) the time this Agreement is terminated upon the mutual written agreement of Acquiror and the Stockholder (the earlier such date
under clause (i) and (ii) being referred to herein as the “Termination Date”); provided, that the provisions
set forth in Sections 8 to 18 shall survive the termination of this Agreement; provided further, that termination of this Agreement
shall not relieve any party hereto from any liability for any willful breach of, or actual fraud in connection with, this Agreement prior
to such termination.

 

3.                 
Certain Covenants of the Stockholder. Except in accordance with the terms of this Agreement, the Stockholder hereby covenants
and agrees as follows:

 

(a)              
Other than as contemplated by the Merger Agreement or the other Ancillary Agreements, the Stockholder hereby agrees not to, directly
or indirectly, (i) sell, transfer, pledge, encumber, assign, hedge, swap, convert or otherwise dispose of (including by merger (including
by conversion into securities or other consideration), by tendering into any tender or exchange offer, by testamentary disposition, by
operation of Law or otherwise), either voluntarily or involuntarily (collectively, “Transfer”), or enter into any Contract
or option with respect to the Transfer of any of the Covered Shares, or (ii) take any action that would have the effect of preventing
or disabling the Stockholder from performing its obligations under this Agreement; provided, however, that nothing
herein shall prohibit a Transfer to an Affiliate of the Stockholder or, if Stockholder is an individual, to any member of Stockholder’s
immediate family or to a trust for the benefit of Stockholder or any member of Stockholder’s immediate family (a “Permitted
Transfer”); provided, further, that any Permitted Transfer shall be permitted only if, as a precondition to such
Transfer, the transferee agrees in a writing, reasonably satisfactory in form and substance to Acquiror and the Company, to assume all
of the obligations of the Stockholder under, and be bound by all of the terms of, this Agreement; provided, further, that
any Transfer permitted under this Section 3(a) shall not relieve the Stockholder of its obligations under this Agreement. Any Transfer
in violation of this Section 3(a) with respect to the Covered Shares shall be null and void.

 

(b)              
In furtherance of this Agreement, the Stockholder hereby authorizes and will instruct the Company, promptly after the date hereof,
to prevent any Transfer not permitted hereunder, including by entering a stop transfer order with respect to all of the Covered Shares
and by recording in the books and records of the Company that this Agreement imposes certain transfer restrictions with respect to the
Covered Shares.

 

(c)              
In the event that the Stockholder intends to undertake a Permitted Transfer of any of the Covered Shares, the Stockholder shall
provide notice thereof to Acquiror and shall authorize the Company and Acquiror to, or authorize the Company and Acquiror to instruct
any transfer agent to, (i) lift any stop transfer order in respect of the Covered Shares to be so Transferred in order to effect such
Permitted Transfer only upon certification by Acquiror that the written agreement to be entered into by the transferee agreeing to be
bound by this Agreement pursuant to Section 3(a) hereof is satisfactory to Acquiror and (ii) re-enter any stop transfer order in respect
of the Covered Shares to be so Transferred upon completion of the Permitted Transfer.

 

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(d)              
 The Stockholder hereby authorizes the Company and Acquiror to maintain a copy of this Agreement at either the executive office
or the registered office of the Company (and following the Closing, Acquiror).

 

4.                 
Further Assurances. From time to time, at Acquiror’s request and without further consideration, the Stockholder shall
execute and deliver such additional documents and take all such further action as may be reasonably necessary or reasonably requested
to effect the actions and consummate the transactions contemplated by this Agreement (including the Merger).

 

5.                 
Disclosure. The Stockholder hereby authorizes the Company and Acquiror to publish and disclose in any announcement or disclosure
required by the U.S. Securities and Exchange Commission the Stockholder’s identity and ownership of the Covered Shares and the nature
of the Stockholder’s obligations under this Agreement; provided, that prior to any such publication or disclosure the Company
and Acquiror have provided the Stockholder with an opportunity to review and comment upon such announcement or disclosure, which comments
the Company and Acquiror will consider in good faith; provided, further, that the foregoing proviso shall not apply to any
such publication or disclosure the content of which concerning the foregoing does not substantially differ from any prior such publication
or disclosure.

 

6.                 
Changes in Capital Stock. In the event of a stock split, stock dividend or distribution, or any change in the Company’s
(or following the Closing, Acquiror’s) capital stock by reason of any split-up, reverse stock split, recapitalization, combination,
reclassification, exchange of shares or the like, the terms “Owned Shares” and “Covered Shares” shall be deemed
to refer to and include such shares as well as all such stock dividends and distributions and any securities into which or for which any
or all of such shares may be changed or exchanged or which are received in such transaction.

 

7.                 
Amendment and Modification. This Agreement may not be amended, modified or supplemented in any manner, whether by course
of conduct or otherwise, except by an instrument in writing signed by Acquiror and the Stockholder.

 

8.                 
Waiver. No failure or delay by any party hereto exercising any right, power or privilege hereunder shall operate as a waiver
thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right,
power or privilege. The rights and remedies of the parties hereto hereunder are cumulative and are not exclusive of any rights or remedies
which they would otherwise have hereunder. Any extension or waiver shall be valid only if set forth in a written instrument signed on
behalf of such party, but such extension or waiver or failure to insist on strict compliance with an obligation, covenant, agreement or
condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure..

  

9.                 
Notices. All notices and other communications among the parties shall be in writing and shall be deemed to have been duly
given (i) when delivered in person, (ii) when delivered after posting in the United States mail having been sent registered or certified
mail return receipt requested, postage prepaid, (iii) when delivered by FedEx (or other nationally recognized overnight delivery service)
or (iv) when e-mailed, addressed as follows:

 

if to the Stockholder, to it at its address set forth
on the books and records of the Company.

 

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if to Acquiror, to it at:

 

Experience Investment Corp.

100 St. Paul St., Suite 800

Denver, CO 80206

	 	Attn:	Kevin Rohnstock
	 	 	Michael Mohapp
	 	E-mail:  	Kevin.Rohnstock@kslcapital.com
	 	 	Michael.Mohapp@kslcapital.com

 

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

 

Simpson Thacher & Bartlett
LLP

425 Lexington Avenue

New York, New York 10017

	 	Attention:  	Michael Wolfson
	 	 	Benjamin P. Schaye
	 	Email:	mwolfson@stblaw.com
	 	 	ben.schaye@stblaw.com

 

10.             
No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest
in Acquiror or the Company any direct or indirect ownership or incidence of ownership of or with respect to the Covered Shares. All rights,
ownership and economic benefits of and relating to the Covered Shares shall remain vested in and belong to the Stockholder, and Acquiror
and the Company shall have no authority solely by virtue of this Agreement to direct the Stockholder in the voting or disposition of
any of the Covered Shares, except as otherwise provided herein.

 

11.             
Entire Agreement. This Agreement and the Merger Agreement constitute the entire agreement and supersede all prior agreements
and understandings, both written and oral, between the parties hereto with respect to the subject matter hereof and thereof.

 

12.             
Governing Law and Venue; Service of Process; Waiver of Jury Trial.

 

(a)              
This Agreement, the rights and duties of the parties hereto, and any disputes (whether in contract, tort or statute) arising out
of, under or in connection with this Agreement will be governed by and construed and enforced in accordance with the Laws of the State
of Delaware, without giving effect to any principles or rules of conflict of Laws to the extent such principles or rules would require
or permit the application of the Laws of another jurisdiction.

 

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(b)               Each
of the parties hereto hereby irrevocably and unconditionally (i) submits, for itself and its property, to the exclusive jurisdiction
of the Delaware Court of Chancery (or, only if the Delaware Court of Chancery declines to accept jurisdiction over a particular
matter, the United States District Court for the Southern District of New York located in New York, New York or, if such court
declines to accept jurisdiction, then any court of the State of New York sitting in the borough of Manhattan), and any appellate
court from any thereof, in any Action arising out of or relating to this Agreement or the negotiation, execution or performance of
this Agreement (including any Action based upon, arising out of or related to any representation or warranty made in or in
connection with this Agreement), or for recognition or enforcement of any judgment, and agrees that all claims in respect of any
such Actions shall be heard and determined in such Delaware Court of Chancery (or, only if the Delaware Court of Chancery declines
to accept jurisdiction over a particular matter, the United States District Court for the Southern District of New York located in
New York, New York or, if such court declines to accept jurisdiction, then any court of the State of New York sitting in the borough
of Manhattan), (ii) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter
have to the laying of venue of any Action arising out of or relating to this Agreement or the negotiation, execution or performance
of this Agreement (including any Action based upon, arising out of or related to any representation or warranty made in or in
connection with this Agreement) in the Delaware Court of Chancery, the United States District Court for the Southern District of New
York located in New York, New York or any court of the State of New York sitting in the borough of Manhattan, (iii) waives, to the
fullest extent permitted by Law, the defense of an inconvenient forum to the maintenance of such Action in any such court and (iv)
agrees that a final judgment in any such Action shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by Law. Each of the parties hereto agrees that service of process, summons, notice or
document by registered mail addressed to it at the applicable address in Section 9 shall be effective service of process for any
Action brought in any such court or in such other manner as may be permitted by Law, will be valid and sufficient service
thereof.

 

(c)              
To the extent not prohibited by applicable Law that cannot be waived, each of the parties
hereto irrevocably waives any right it may have to trial by jury in respect of any litigation based on, arising out of, under or in connection
with this Agreement, including but not limited to any course of conduct, course of dealing, verbal or written statement or action of any
party hereto.

 

13.             
Assignment; Successors. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned
by any of the parties hereto in whole or in part (whether by operation of Law or otherwise) without the prior written consent of each
other party, and any such assignment without such consent shall be null and void. This Agreement shall be binding upon, inure to the benefit
of and be enforceable by the parties hereto and their respective successors and permitted assigns.

 

14.              Enforcement.
The rights and remedies of the parties shall be cumulative with and not exclusive of any other remedy conferred hereby. The parties
agree that irreparable damage would occur and that the parties would not have any adequate remedy at law in the event that any of
the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is
accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches of
this Agreement and to enforce specifically the terms and provisions of this Agreement, including the Stockholder’s obligations
to vote or provide its written consent with respect to the Covered Shares as provided in this Agreement, in the applicable court as
determined in accordance with Section 12(b) hereof, without proof of actual damages or otherwise (and each party hereby waives any
requirement for the securing or posting of any bond in connection with such remedy), this being in addition to any other remedy to
which they are entitled at law or in equity.

 

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15.             
Severability. If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction,
the other provisions of this Agreement shall remain in full force and effect. The parties further agree that if any provision contained
herein is, to any extent, held invalid or unenforceable in any respect under the Laws governing this Agreement, they shall take any actions
necessary to render the remaining provisions of this Agreement valid and enforceable to the fullest extent permitted by Law and, to the
extent necessary, shall amend or otherwise modify this Agreement to replace any provision contained herein that is held invalid or unenforceable
with a valid and enforceable provision giving effect to the intent of the parties.

 

16.             
Counterparts. This Agreement may be executed in two or more counterparts for the convenience of the parties hereto, each
of which shall be deemed an original and all of which together will constitute one and the same instrument. Delivery of an executed counterpart
of a signature page, including any electronic signature complying with the U.S. federal ESIGN Act of 2000 (e.g. www.docusign.com), to
this Agreement by facsimile or by e-mail in “portable document format” shall be effective as delivery of a mutually executed
counterpart to this Agreement.

 

17.             
Interpretation and Construction. The words “hereof,” “herein” and “hereunder” and words
of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement.
The descriptive headings used herein are inserted for convenience of reference only and are not intended to be part of or to affect the
meaning or interpretation of this Agreement. References to Sections are to Sections of this Agreement unless otherwise specified. Any
singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. The definitions contained in
this Agreement are applicable to the masculine as well as to the feminine and neuter genders of such term. Whenever the words “include,”
 “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
limitation,” whether or not they are in fact followed by those words or words of like import. “Writing,” “written”
and comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form. References
to any statute shall be deemed to refer to such statute and to any rules or regulations promulgated thereunder. References to any person
include the successors and permitted assigns of that person. References from or through any date mean, unless otherwise specified, from
and including such date or through and including such date, respectively. In the event an ambiguity or question of intent or interpretation
arises, this Agreement will be construed as if drafted jointly by the Parties, and no presumption or burden of proof will arise favoring
or disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement.

 

18.             
Capacity as a Stockholder. Notwithstanding anything herein to the contrary, the Stockholder signs this Agreement solely
in the Stockholder’s capacity as a stockholder of the Company and, following the Closing, Acquiror, and not in any other capacity
and this Agreement shall not limit or otherwise affect the actions of any Affiliate, employee or designee of the Stockholder or any of
its Affiliates in his or her capacity, if applicable, as an officer or director of the Company or any other Person.

  

[The remainder of this page is intentionally
left blank.]

 

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IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be executed (where applicable, by their respective officers or other authorized Persons thereunto
duly authorized) as of the date first written above.

 

	 	EXPERIENCE INVESTMENT CORP.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	BLADE URBAN AIR MOBILITY, INC.. 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    

     

    

 

		[STOCKHOLDER]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:Exhibit 4.2

 

UNLESS PERMITTED UNDER SECURITIES LEGISLATION,
THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER THE LATER OF (I) NOVEMBER
29, 2018, AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY OF CANADA.

 

WARRANT

 

for the purchase of common shares of

 

SNOW LAKE RESOURCES LTD.

(Organized under the laws of the Province
of Manitoba)

 

	Number of Warrants:  __________	Warrant Certificate No. ______  

 

This is to certify that, for value received,
____________, with an address of _______________________ (the “Holder”),
shall have the right to purchase from snow lake resources ltd. (the “Corporation”),
at any time and from time to time up to 5:00 p.m. (Toronto time) on the earlier of (i) five years after the date hereof and (ii)
two years from the completion of a Liquidity Transaction (as defined herein) (the “Expiry
Time”), one fully paid and non-assessable common share in the capital of the Corporation for each Warrant (individually,
a “Warrant”) represented hereby at a price of Cdn$0.30 per share (the “Exercise
Price”), upon and subject to the terms and conditions set forth herein.

 

For the purposes of this certificate a
“Liquidity Transaction” means (i) a business combination between the Corporation and a public company pursuant to a reverse
take-over, merger, amalgamation, arrangement, take-over bid, insider bid, reorganization, joint venture, sale or exchange of assets
or similar transaction; or (ii) an initial public offering of the Corporation

 

1. For
the purposes of this Warrant Certificate, the term “Common Shares” means common shares in the capital of the Corporation
as constituted as of the date hereof, provided that in the event of a subdivision, redivision, reduction, combination or consolidation
thereof or any other adjustment under section 8 herein, or successive such subdivisions, redivisions, reductions, combinations,
consolidations or other adjustments, then subject to the adjustments, if any, having been made in accordance with the provisions
of this Warrant Certificate, “Common Shares” shall thereafter mean the shares, other securities or other property
resulting from such subdivision, redivision, reduction, combination or consolidation or other adjustment.

 

2. All
Warrant Certificates shall be signed by an officer of the Corporation holding office at the time of signing, or any successor or
replacement of such person and notwithstanding any change in any of the persons holding said offices between the time of actual
signing and the delivery of the Warrant Certificate, the Warrant Certificate so signed shall be valid and binding upon the Corporation.

 

3. All
rights under any of the Warrants in respect of which the right of subscription and purchase therein provided for shall not theretofore
have been exercised shall wholly cease and such Warrants shall be wholly void and of no valid or binding effect after the Expiry
Time.

 

4. The
right to purchase Common Shares of the Corporation pursuant to the Warrants may only be exercised by the Holder at or before the
Expiry Time by:

 

	(a)	duly completing and executing a subscription substantially in the form attached as Schedule “A”
(the “Subscription Form”), in the manner therein indicated; and

 

		(b)	surrendering this Warrant Certificate and the duly completed and executed Subscription Form to
the Corporation prior to the Expiry Time at its head office at c/o Foundation Markets Inc., 77 King Street West, Suite 2905, P.O.
Box 121 Toronto ON M5K 1H1, together with payment of the purchase price for the Common Shares subscribed for in the form of cash
or a certified cheque payable to the Corporation in an amount equal to the then applicable Exercise Price multiplied by the number
of Common Shares subscribed for.

 

     

     

    

 

5. Upon
delivery and payment as set forth in section 4 herein, the Corporation shall cause to be issued to the Holder the number of Common
Shares subscribed for by the Holder and the Holder shall become a shareholder of the Corporation in respect of such Common Shares
with effect from the date of such delivery and payment and shall be entitled to delivery of a certificate or certificates evidencing
such shares. The Corporation shall cause such certificate or certificates to be mailed to the Holder at the address or addresses
specified in the Subscription Form within five (5) business days of such delivery and payment as set forth in section 4 herein
or, if so instructed by the Holder, held for pick-up by the Holder at the principal office of the Corporation. Notwithstanding
any adjustment provided for in section 8 herein, the Corporation shall not be required upon the exercise of any Warrants to issue
fractional Common Shares in satisfaction of its obligations hereunder and the Holder understands and agrees that it will not be
entitled to any cash payment or other form of compensation in respect of a fractional Common Share that might otherwise have been
issued.

 

6. The
holding of a Warrant shall not constitute the Holder a shareholder of the Corporation nor entitle him to any right or interest
in respect thereof except as herein expressly provided.

 

7. The
Corporation covenants and agrees that until the Expiry Time, while any of the Warrants shall be outstanding, it shall reserve and
there shall remain unissued out of its authorized capital a sufficient number of Common Shares to satisfy the right of purchase
herein provided, as such right of purchase may be adjusted pursuant to sections 8 and 9 herein. The Corporation further covenants
and agrees that while any of the Warrants shall be outstanding, the Corporation shall (a) comply with the securities legislation
applicable to it in order that the Corporation not be in default of any requirements of such legislation; (b) use its commercially
reasonable best efforts to do or cause to be done all things necessary to preserve and maintain its corporate existence; and (c)
at its own expense expeditiously use its commercially reasonable best efforts to obtain the listing of such Common Shares (subject
to issue or notice of issue) on each stock exchange or over-the-counter market on which the Corporation’s Common Shares may
be listed from time to time. All Common Shares which shall be issued upon the exercise of the right to purchase herein provided
for, upon payment therefor of the amount at which such Common Shares may at the time be purchased pursuant to the provisions hereof,
shall be issued as fully paid and non-assessable shares and the holders thereof shall not be liable to the Corporation or its creditors
in respect thereof.

 

		8.	(a)        For the purpose of this section 8, unless there is something in the subject matter or context
inconsistent therewith, the words and terms defined below shall have the respective meanings specified therefor:

 

“Current
Market Price” of the Common Shares at any date means the price per share equal to the weighted average price at which
the Common Shares have traded on such other stock exchange on which the shares trade as may be selected by the directors of the
Corporation for such purpose or, if the Common Shares are not then listed on any stock exchange, in the over-the-counter market,
during the period of any twenty consecutive trading days ending not more than five (5) business days before such date; provided
that the weighted average price shall be determined by dividing the aggregate sale price of all Common Shares sold on the said
exchange or market, as the case may be, during the said twenty consecutive trading days by the total number of Common Shares so
sold; and provided further that if the Common Shares are not then listed on any stock exchange or traded in the over-the counter
market, then the Current Market Price shall be determined by such firm of independent chartered accountants as may be selected
by the directors of the Corporation;

 

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“director”
means a director of the Corporation for the time being and, unless otherwise specified herein, a reference to action “by the
directors” means action by the directors of the Corporation as a board or, whenever empowered, action by the executive committee
of such board; and

 

“trading
day” with respect to a stock exchange or over-the-counter market means a day on which such stock exchange or market is
open for business.

 

		(b)	If and whenever at any time after the date hereof and prior to the Expiry Time the Corporation
shall (i) subdivide or redivide its then outstanding Common Shares into a greater number of Common Shares, (ii) reduce, combine
or consolidate its then outstanding Common Shares into a lesser number of Common Shares or (iii) issue Common Shares (or securities
exchangeable for or convertible into Common Shares) to the holders of all or substantially all of its then outstanding Common Shares
by way of a stock dividend or other distribution (any of such events herein called a “Common Share Reorganization”),
then the Exercise Price shall be adjusted effective immediately after the effective date of any such event in (i) or (ii) above
or the record date at which the holders of Common Shares are determined for the purpose of any such dividend or distribution in
(iii) above, as the case may be, by multiplying the Exercise Price in effect on such effective date or record date, as the case
may be, by a fraction, the numerator of which shall be the number of Common Shares outstanding on such effective date or record
date, as the case may be, before giving effect to such Common Share Reorganization and the denominator of which shall be the number
of Common Shares outstanding immediately after giving effect to such Common Share Reorganization including, in the case where securities
exchangeable for or convertible into Common Shares are distributed, the number of Common Shares that would be outstanding if such
securities were exchanged for or converted into Common Shares.

 

		(c)	If at any time after the date hereof and prior to the Expiry Time the Corporation shall fix a record
date for the issue or distribution to the holders of all or substantially all of the outstanding Common Shares, of rights, options
or warrants pursuant to which such holders are entitled, during a period expiring not more than 45 days after the record date for
such issue (such period being the “Rights Period”), to subscribe for or purchase Common Shares or securities exchangeable
for or convertible into Common Shares at a price per share (or in the case of securities exchangeable for or convertible into Common
Shares at an exchange or conversion price per share at the date of issue of such securities) of less than 95% of the Current Market
Price of the Common Shares on such record date (any of such events being herein called a “Rights Offering”), the
Exercise Price shall be adjusted effective immediately after the record date for the Rights Offering to the amount determined by
multiplying the Exercise Price in effect on such record date by a fraction:

 

(i) the
numerator of which shall be the aggregate of

 

		(A)	the number of Common Shares outstanding on the record date for the Rights Offering; and

 

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(B) the
quotient determined by dividing

 

		(I)	either (a) the product of the number of Common Shares offered during the Rights Period pursuant
to the Rights Offering and the price at which such Common Shares are offered, or, (b) the product of the exchange or conversion
price of the securities so offered and the number of Common Shares for or into which the securities offered pursuant to the Rights
Offering may be exchanged or converted, as the case may be, by

 

		(II)	the Current Market Price of the Common Shares as of the record date for the Rights Offering; and

 

		(ii)	the denominator of which shall be the aggregate of the number of Common Shares outstanding on such
record date and the number of Common Shares offered pursuant to the Rights Offering (including in the case of the issue or distribution
of securities exchangeable for or convertible into Common Shares the number of Common Shares for or into which such securities
may be exchanged or converted).

 

If by the terms of the rights,
options, or warrants referred to in this section 8(c), there is more than one purchase, conversion or exchange price per Common
Share, the aggregate price of the total number of additional Common Shares offered for subscription or purchase, or the aggregate
conversion or exchange price of the convertible or exchangeable securities so offered, shall be calculated for purposes of the
adjustment on the basis of the lowest purchase, conversion or exchange price per Common Share, as the case may be. Any Common Shares
owned by or held for the account of the Corporation shall be deemed not to be outstanding for the purpose of any such calculation.
To the extent that any adjustment in the Exercise Price occurs pursuant to this section 8(c) as a result of the fixing by the Corporation
of a record date for the issue or distribution of rights, options or warrants referred to in this section 8(c), the Exercise Price
shall be readjusted immediately after the expiry of any relevant exchange, conversion or exercise right to the Exercise Price which
would then be in effect based upon the number of Common Shares actually issued and remaining issuable after such expiry and shall
be further readjusted in such manner upon the expiry of any further such right.

 

		(d)	If at any time after the date hereof and prior to the Expiry Time, the Corporation shall fix a
record date for the issue or distribution to the holders of all or substantially all of the Common Shares of:

 

		(i)	shares of the Corporation of any class other than
Common Shares;

 

		(ii)	rights, options or warrants to acquire Common Shares or securities exchangeable for or convertible
into Common Shares (other than rights, options or warrants pursuant to which holders of Common Shares are entitled, during a period
expiring not more than 45 days after the record date for such issue, to subscribe for or purchase Common Shares at a price per
share (or in the case of securities exchangeable for or convertible into Common Shares at an exchange or conversion price per share
at the date of issue of such securities) of at least 95% of the Current Market Price of the Common Shares on such record date);

 

    4

     

    

 

		(iii)	evidences of indebtedness of the Corporation; or

 

		(iv)	any property or assets of the Corporation (including cash, but excluding cash dividends paid in
the ordinary course);

 

and if such issue or distribution
does not constitute a Common Share Reorganization or a Rights Offering (any of such non-excluded events being herein called a “Special
Distribution”), the Exercise Price shall be adjusted effective immediately after the record date for the Special Distribution
to the amount determined by multiplying the Exercise Price in effect on the record date for the Special Distribution by a fraction:

 

		(A)	the numerator of which shall be the difference between

 

		(I)	the product of the number of Common Shares outstanding on such record date and the Current Market
Price of the Common Shares on such record date, and

 

		(II)	the fair value, as determined by the directors of the Corporation, to the holders of the Common
Shares of the shares, rights, options, warrants, evidences of indebtedness or property or assets to be issued or distributed in
the Special Distribution, and

 

		(B)	the denominator of which shall be the product obtained by multiplying the number of Common Shares
outstanding on such record date by the Current Market Price of the Common Shares on such record date.

 

Any Common Shares owned by or held
for the account of the Corporation shall be deemed not to be outstanding for the purpose of such calculation. To the extent that
any adjustment in the Exercise Price occurs pursuant to this section 8(d) as a result of the fixing by the Corporation of a record
date for the issue or distribution of rights, options or warrants to acquire Common Shares or securities exchangeable for or convertible
into Common Shares referred to in this section 8(d), the Exercise Price shall be readjusted immediately after the expiry of any
relevant exercise, exchange or conversion right to the amount which would then be in effect if the fair market value had been determined
on the basis of the number of Common Shares issued and remaining issuable immediately after such expiry, and shall be further readjusted
in such manner upon the expiry of any further such right.

 

    5

     

    

 

		(e)	If and whenever at any time after the date hereof and prior to the Expiry Time there is a capital
reorganization of the Corporation or a reclassification or other change in the Common Shares (other than a Common Share Reorganization)
or a consolidation or merger or amalgamation of the Corporation with or into any other corporation or other entity (other than
a consolidation, merger or amalgamation which does not result in any reclassification of the outstanding Common Shares or a change
of the Common Shares into other securities), or a transfer of all or substantially all of the Corporation’s undertaking and assets
to another corporation or other entity in which the holders of Common Shares are entitled to receive shares, other securities or
other property (any of such events being called a “Capital Reorganization”), after the effective date of the Capital
Reorganization the Holder shall be entitled to receive, and shall accept, for the same aggregate consideration, upon exercise of
the Warrants, in lieu of the number of Common Shares to which the Holder was theretofore entitled upon the exercise of the Warrants,
the kind and aggregate number of Common Shares and other securities or property resulting from the Capital Reorganization which
the Holder would have been entitled to receive as a result of the Capital Reorganization if, on the effective date thereof, the
Holder has been the registered holder of the number of Common Shares to which the Holder was theretofore entitled to purchase or
receive upon the exercise of the Warrants. If necessary, as a result of any Capital Reorganization, appropriate adjustments shall
be made in the application of the provisions of this Warrant Certificate with respect to the rights and interest thereafter of
the Holder to the end that the provisions of this Warrant Certificate shall thereafter correspondingly be made applicable as nearly
as may reasonably be possible in relation to any shares or other securities or property thereafter deliverable upon the exercise
of this Warrant Certificate.

 

		(f)	If and whenever at any time after the date hereof and prior to the Expiry Time, any of the events
set out in sections 8(b), (c), (d) or (e) herein shall occur and the occurrence of such event results in an adjustment of the Exercise
Price pursuant to the provisions of this section 8, then the number of Common Shares purchasable pursuant to this Warrant shall
be adjusted contemporaneously with the adjustment of the Exercise Price by multiplying the number of Common Shares then otherwise
purchasable on the exercise thereof by a fraction, the numerator of which shall be the Exercise Price in effect immediately prior
to the adjustment and the denominator of which shall be the Exercise Price resulting from such adjustment.

 

		(g)	If the Corporation takes any action affecting its Common Shares to which the foregoing provisions
of this section 8, in the opinion of the board of directors of the Corporation, acting in good faith, are not strictly applicable,
or if strictly applicable would not fairly adjust the rights of the Holder against dilution in accordance with the intent and purposes
hereof, or would otherwise materially affect the rights of the Holder hereunder, then the Corporation shall, subject to the approval
of such stock exchange or quotation system on which the Common Shares are then listed and posted (or quoted) for trading, as applicable),
execute and deliver to the Holder an amendment hereto providing for an adjustment in the application of such provisions so as to
adjust such rights as aforesaid in such manner as the board of directors of the Corporation may determine to be equitable in the
circumstances, acting in good faith. The failure of the taking of action by the board of directors of the Corporation to so provide
for any adjustment on or prior to the effective date of any action or occurrence giving rise to such state of facts will be conclusive
evidence that the board of directors has determined that it is equitable to make no adjustment in the circumstances.

 

    6

     

    

 

9. The
following rules and procedures shall be applicable to the adjustments made pursuant to section 8 herein:

 

		(a)	any Common Shares owned or held by or for the account of the Corporation shall be deemed not be
to outstanding except that, for the purposes of section 8 herein, any Common Shares owned by a pension plan or profit sharing plan
for employees of the Corporation or any of its subsidiaries shall not be considered to be owned or held by or for the account of
the Corporation;

 

		(b)	no adjustment in the Exercise Price or the number of Common Shares purchasable pursuant to this
Warrant shall be required unless a change of at least 1% of the prevailing Exercise Price or the number of Common Shares purchasable
pursuant to this Warrant would result, provided, however, that any adjustment which, except for the provisions of this section
9(b), would otherwise have been required to be made, shall be carried forward and taken into account in any subsequent adjustment;

 

		(c)	the adjustments provided for in section 8 herein are cumulative and shall apply to successive subdivisions,
consolidations, dividends, distributions and other events resulting in any adjustment under the provisions of such item;

 

		(d)	in the absence of a resolution of the board of directors of the Corporation fixing a record date
for any dividend or distribution referred to in section 8(b)(iii) herein, the Corporation shall be deemed to have fixed as the
record date therefor the date on which such dividend or distribution is effected;

 

		(e)	if the Corporation sets a record date to take any action and thereafter and before the taking of
such action abandons its plan to take such action, then no adjustment to the Exercise Price will be required by reason of the setting
of such record date;

 

		(f)	as a condition precedent to the taking of any action which would require any adjustment to the
Warrants evidenced hereby, including the Exercise Price, the Corporation must take any corporate action which may be necessary
in order that the Corporation shall have unissued and reserved in its authorized capital and may validly and legally issue as fully
paid and non-assessable all of the shares or other securities which the Holder is entitled to receive on the full exercise thereof
in accordance with the provisions hereof;

 

		(g)	forthwith, but no later than fourteen (14) days, after any adjustment to the Exercise Price or
the number of Common Shares purchasable pursuant to the Warrants, the Corporation shall provide to the Holder a certificate of
an officer of the Corporation certifying as to the amount of such adjustment and, in reasonable detail, describing the event requiring
and the manner of computing or determining such adjustment;

 

		(h)	any question that at any time or from time to time arises with respect to the amount of any adjustment
to the Exercise Price or other adjustment pursuant to section 8 herein shall be conclusively determined by a firm of independent
chartered accountants (who may be the Corporation’s auditors) and shall be binding upon the Corporation and the Holder;

 

		(i)	any adjustment to the Exercise Price under the terms of this Warrant Certificate shall be subject
to the prior approval of such other stock exchange or quotation system on which the Common Shares are then listed and posted (or
quoted) for trading, as applicable; and

 

		(j)	in case the Corporation, after the date of issue of this Warrant Certificate, takes any action
affecting the Common Shares, other than an action described in section 8 herein, which in the opinion of the directors of the Corporation
would materially affect the rights of the Holder, the Exercise Price will be adjusted in such manner, if any, and at such time,
by action by the directors of the Corporation but subject in all cases to any necessary regulatory approval, including approval
of such stock exchange or quotation system on which the Common Shares are then listed and posted (or quoted) for trading, as applicable).
Failure of the taking of action by the directors of the Corporation so as to provide for an adjustment on or prior to the effective
date of any action by the Corporation affecting the Common Shares will be conclusive evidence that the board of directors of the
Corporation has determined that it is equitable to make no adjustment in the circumstances.

 

    7

     

    

 

10. On
the happening of each and every such event set out in section 8 herein, the applicable provisions of this Warrant Certificate,
including the Exercise Price, shall, ipso facto, be deemed to be amended accordingly and the Corporation shall take all
necessary action so as to comply with such provisions as so amended.

 

11. The
Corporation shall not be required to deliver certificates for Common Shares while the share transfer books of the Corporation are
properly closed, having regard to the provisions of sections 8 and 9 herein, prior to any meeting of shareholders or for the payment
of dividends or for any other purpose and in the event of the surrender of any Warrant in accordance with the provisions hereof
and the making of any subscription and payment for the Common Shares called for thereby during any such period, delivery of certificates
for Common Shares may be postponed for not more than five (5) business days after the date of the re-opening of said share transfer
books; provided, however, that any such postponement of delivery of certificates shall be without prejudice to the right of the
Holder so surrendering the same and making payment during such period to receive after the share transfer books shall have been
re-opened such certificates for the Common Shares called for, as the same may be adjusted pursuant to sections 8 and 9 herein as
a result of the completion of the event in respect of which the transfer books were closed.

 

12. Subject
as hereinafter provided, all or any of the rights conferred upon the Holder by the terms hereof may be enforced by the Holder by
appropriate legal proceedings. No recourse under or upon any obligation, covenant or agreement contained herein shall be had against
any shareholder or officer of the Corporation either directly or through the Corporation, it being expressly agreed and declared
that the obligations under the Warrants are solely corporate obligations and that no personal liability whatever shall attach to
or be incurred by the shareholders or officers of the Corporation or any of them in respect thereof, any and all rights and claims
against every such shareholder, officer or director being hereby expressly waived as a condition of and as a consideration for
the issue of the Warrants.

 

13. The
Holder may subscribe for and purchase any lesser number of Common Shares than the number of Common Shares expressed in any Warrant
Certificate. In the case of any subscription for a lesser number of Common Shares than expressed in any Warrant Certificate, the
Holder hereof shall be entitled to receive, at no cost to the Holder, a new Warrant Certificate in respect of the balance of Warrants
not then exercised. Such new Warrant Certificate shall be mailed to the Holder by the Corporation or, at its direction, the transfer
agent of the Corporation, contemporaneously with the mailing of the certificate or certificates representing the Common Shares
issued pursuant to section 5 herein.

 

14. If
any Warrant Certificate becomes stolen, lost, mutilated or destroyed, the Corporation shall, on such terms as it may in its discretion
impose, acting reasonably, issue and sign a new Warrant Certificate of like denomination, tenor and date as the Warrant Certificate
so stolen, lost, mutilated or destroyed for delivery to the Holder. The applicant for the issue of a new Warrant Certificate pursuant
to this section shall bear the cost of the issue thereof and in the case of mutilation shall as a condition precedent to the issue
thereof, deliver to the Corporation the mutilated Warrant Certificate, and in case of loss, destruction or theft shall, as a condition
precedent to the issue thereof, furnish to the Corporation such evidence of ownership and of the loss, destruction or theft of
the Warrant Certificate so lost, destroyed or stolen as shall be satisfactory to the Corporation in its discretion and the applicant
shall also be required to furnish an indemnity and surety bond in amount and form satisfactory to the Corporation in its discretion
and shall pay the reasonable charges of the Corporation in connection therewith.

 

    8

     

    

 

	15.	The Holder may transfer the Warrants represented hereby by:

 

		(a)	duly completing and executing the transfer form attached as Schedule “B” (“Transfer
Form”); and

 

		(b)	surrendering this Warrant Certificate and the completed Transfer Form, together with such other
documents as the Corporation may reasonably request, to the Corporation at the address set forth on the Transfer Form or such other
office as may be specified by the Corporation, in a written notice to the Holder, from time to time,

 

provided that all such transfers shall
be effected in accordance with all applicable securities laws, and provided that, after such transfer, the term “Holder”
shall mean and include any transferee or assignee of the current or any future Holder. If only part of the Warrants evidenced hereby
is transferred, the Corporation will deliver to the Holder and the transferee replacement Warrant Certificates substantially in
the form of this Warrant Certificate..

 

16. Neither
the Warrants represented by this Warrant Certificate nor the Common Shares issuable upon exercise hereof have been or will be registered
under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), nor under the laws of
any state of the United States. Accordingly, (i) Warrants may not be exercised within the United States or by a “U.S. person”
(as defined in Rule 902(k) of Regulation S promulgated under the U.S. Securities Act) and (ii) no Common Shares issuable upon exercise
of Warrants will be delivered to any address in the United States, unless an exemption is available from the registration requirements
of the U.S. Securities Act and applicable state securities laws and the holder of such Warrants has furnished an opinion of counsel
of recognized standing or other evidence in form and substance satisfactory to the Corporation to such effect, as applicable. The
Holder acknowledges that a legend to that effect may be placed on any certificates representing the Common Shares issued on exercise
of the rights represented by this Warrant Certificate. Terms used in this paragraph have the meanings given to them in Regulation
S under the U.S. Securities Act.

 

17. Any
certificate representing Common Shares issued upon the exercise of this Warrant will bear the following legends:

 

“UNLESS PERMITTED UNDER
SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER
THE LATER OF (I) NOVEMBER 29, 2018, AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY OF CANADA”

 

18. The
Corporation will maintain a register of holders of Warrants at its principal office. The Corporation may deem and treat the registered
holder of any Warrant Certificate as the absolute owner of the Warrants represented thereby for all purposes, and the Corporation
shall not be affected by any notice or knowledge to the contrary except where the Corporation is required to take notice by statute
or by order of a court of competent jurisdiction. A Holder shall be entitled to the rights evidenced by such Warrant free from
all equities or rights of set-off or counterclaim between the Corporation and the original or any intermediate holder thereof and
all persons may act accordingly and the receipt by any such Holder of the Common Shares purchasable pursuant to such Warrant shall
be a good discharge to the Corporation for the same and the Corporation shall not be bound to inquire into the title of any such
Holder except where the Corporation is required to take notice by statute or by order of a court of competent jurisdiction.

 

    9

     

    

 

19. The
Corporation shall notify the Holder forthwith of any change of the Corporation’s address.

 

20. The
registered holders of Warrants shall have the power from time to time by an extraordinary resolution (as hereinafter defined):

 

		(a)	to sanction any modification, abrogation, alteration or compromise of the rights of the registered
holders of Warrants against the Corporation which shall be agreed to by the Corporation; and/or

 

		(b)	to assent to any modification of or change in or omission from the provisions contained herein
or in any instrument ancillary or supplemental hereto which shall be agreed to by the Corporation; and/or

 

		(c)	to restrain any registered holder of a Warrant from taking or instituting any suit or proceedings
against the Corporation for the enforcement of any of the covenants on the part of the Corporation conferred upon the registered
holders of Warrants by the terms of the Warrants.

 

Any such extraordinary
resolution as aforesaid shall be binding upon all the registered holders of Warrants whether or not assenting in writing to any
such extraordinary resolution, and each registered holder of any of the Warrants shall be bound to give effect thereto accordingly.
Such extraordinary resolution shall, where applicable, be binding on the Corporation which shall give effect thereto accordingly.

 

The Corporation shall
forthwith upon receipt of an extraordinary resolution provide notice to all registered holders of Warrants of the date and text
of such resolution. The registered holders of Warrants assenting to an extraordinary resolution agree to provide the Corporation
forthwith with a copy of any extraordinary resolution passed.

 

The expression “extraordinary
resolution” when used herein shall mean a resolution assented to in writing, in one or more counterparts, by the registered
holders of Warrants calling in the aggregate for not less than seventy-five per cent (75%) of the aggregate number of Common Shares
called for by all of the Warrants which are, at the applicable time, outstanding.

 

21. All
notices to be sent hereunder shall be deemed to be validly given to the registered holders of the Warrants if delivered personally
or if sent by registered letter through the post addressed to such holders at their post office addresses appearing in the register
of Warrant holders caused to be maintained by the Corporation, and such notice shall be deemed to have been given, if delivered
personally when so delivered, and if sent by post on the fifth business day next following the post thereof.

 

22. If
for any reason, other than the failure or default of the Holder, the Corporation is unable to issue and deliver the Common Shares
or other securities as contemplated herein to the Holder upon the proper exercise by the Holder of the right to purchase any of
the Common Shares purchasable upon exercise of the Warrants represented hereby, the Corporation may pay, at its option and in complete
satisfaction of its obligations and the rights of the Holder hereunder, to the Holder, in cash, an amount equal to the difference
between the Exercise Price and the Current Market Price of such Common Shares or other securities on the date of exercise by the
Holder, and upon such payment the Corporation shall have no liability or other obligation to the Holder relating to or in respect
of the Warrants or this Warrant Certificate.

 

23. This
Warrant Certificate shall be governed by the laws of the Province of Ontario and the federal laws of Canada applicable herein.

 

24. All
Warrants shall rank pari passu, whatever may be the actual date of issue of the same.

 

25. This
Warrant Certificate shall enure to the benefit of and shall be binding upon the Holder and the Corporation and their respective
successors and assigns.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

    10

     

    

 

IN WITNESS WHEREOF
the Corporation has caused this certificate to be signed by its duly authorized officer.

 

DATED as of the _______
day of November, 2018.

 

	 	SNOW LAKE RESOURCES LTD.
	 	 
	 	Per:	 
	 	 	Derek Knight
	 	 	Chief Executive Officer

 

     

     

    

 

Schedule “A”

 

SUBSCRIPTION FORM

 

(TO BE COMPLETED IF WARRANTS ARE TO BE
EXERCISED)

 

		TO:	snow
lake resources ltd. (the “Corporation”)

c/o Foundation Markets Inc., 77 King Street West, Suite 2905, P.O. Box 121 Toronto ON M5K 1H1

 

The undersigned hereby subscribes for
____________ common shares of Snow Lake Resources Ltd. according to the terms and conditions set forth in the annexed Warrant
Certificate (or such number of other securities or property to which such Warrant Certificate entitles the undersigned to
acquire under the terms and conditions set forth in such Warrant Certificate).

   

	Address for Delivery of Common Shares:	 
	 	 
	 	 
	 	 
	 	 

   

	 	Attention:	 

 

Exercise Price
Tendered (Cdn$0.30 per Common Share or as adjusted)$______________________

 

By checking the applicable line below,
the undersigned represents, warrants and certifies as follows (only one of the following must be checked):

 

A.
☐        at the time of execution of this Subscription Form, it (and any person named hereunder to which common shares are to
be issued) (i) is not a U.S. person or a person within the United States and is not exercising the Warrants on behalf of a
U.S. person or a person within the United States; and (ii) did not execute or deliver this Subscription Form in the United
States;

 

(For purposes hereof, “United
States” and “U.S. person” shall have the meanings given to such terms in Regulation S under the United States
Securities Act of 1933 (the “U.S. Securities Act”));

 

or

 

B. ☐        it
is furnishing herewith a written opinion of counsel of recognized standing or other evidence (which must be satisfactory to the
Company) to the effect that the common shares issuable upon exercise of the Warrants have been registered under the United States
Securities Act of 1933, as amended, and applicable state securities laws or are exempt from registration requirements thereunder.

 

Note: The undersigned
understands that unless Box A above is checked, the certificate representing the common shares will bear a legend restricting transfer
without registration under the U.S. Securities Act and applicable state securities laws unless an exemption from registration is
available.

 

Note: Certificates representing
common shares will not be registered or delivered to an address in the United States unless Box B above is checked. If Box B is
checked, any opinion or other evidence tendered must be in form and substance reasonably satisfactory to the Corporation. Holders
planning to deliver an opinion of counsel or other evidence in connection with the exercise of Warrants should contact the Corporation
in advance to determine whether any opinions or other evidence to be tendered will be acceptable to the Corporation.

  

Dated at_______ , this_____ day
of ____, 20___.

 

	 	)

)

)

)

) 

)

)

)

)	
         

         

	Witness:	Holder’s Name

                                             

                                             

                                            

	Authorized Signature

                                             

                                             

	Title (if applicable)

Signature guaranteed1:

 

 

	1.	If the Common Shares are to be registered in a name
other than the name of the registered Warrant Holder, the signature of the Warrant Holder must be medallion guaranteed by a bank,
trust company or a member of a stock exchange in Canada.

 

     

     

    

 

Schedule “B”

 

WARRANT TRANSFER FORM

 

FOR VALUE RECEIVED, subject to
receipt of prior written approval of SNOW LAKE RESOURCES LTD. (the “Corporation”), the undersigned (the
“Transferor”) hereby sells, assigns and transfers unto (name) __________________________________________
(the “Transferee”) of (residential address) _____________________________________________________________________________Warrants of the Corporation registered in the name of the
undersigned represented by the within certificate, and irrevocably appoints the Corporation as the attorney of the
undersigned to transfer the said securities on the register of transfers for the said Warrants, with full power of
substitution.

 

Any transfer of the Warrants references
herein must comply with United States federal and state securities laws, and no such transfer shall occur unless there is an available
exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities
laws.

 

		NOTICE:	The signature of this assignment must correspond with the name as written upon the face of the
certificate, in every particular, without alteration or enlargement or any change whatever, and must be guaranteed by a bank, trust
company or a member of a recognized stock exchange. The guarantor must affix a stamp bearing the actual words “Signature Guaranteed”.

 

DATED this ___ day of _________, 20 ___.

 

	 	 	 
	Signature Guaranteed	 	(Signature of transferring Warrantholder)
	 	 	 
	 	 	 
	 	 	Name (please print)
	 	 	 
	 	 	 
	 	 	Address
	 	 	 
	 	 	 

 

     

     

    

 

TRANSFEREE ACKNOWLEDGMENT

 

In connection with this transfer (check
one):

 

 ̈The
undersigned transferee hereby certifies that (i) it is not a person in the “United States” or a “U.S. person”
(each as defined in Regulation S promulgated under the United States Securities Act of 1933, as amended (the “U.S. Securities
Act”), (ii) it was not offered the Warrants while in the United States and did not execute this certificate while within
the United States, and (iii) it is not acquiring any of the Warrants represented by this Warrant Certificate by or on behalf of
any person or “U.S. person” or within the United States.

 

 ̈The
undersigned transferee is concurrently delivering a written opinion of U.S. Counsel of recognized standing or other evidence of
exemption in form and substance acceptable to the Corporation to the effect that this transfer of Warrants is exempt from the registration
requirements of the U.S. and has been made in compliance with all applicable state securities laws.

 

	 	 	 
	(Signature of Transferee)	 	 
	 	 	 
	 	 	 
	Date	 	Name of Transferee (please print)

 

The Warrants and the common shares issuable
upon exercise of the Warrants shall only be transferable in accordance with applicable laws. The Warrants may only be exercised
in the manner required by the certificate representing the Warrants and the Warrant Exercise Form attached thereto. Any common
shares acquired pursuant to this Warrant shall be subject to applicable hold periods and any certificate representing such common
shares will bear restrictive legends.

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