Document:

Exhibit 4.8

 

THIS WARRANT AND
THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "ACT"), OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED
OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO (i) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND ANY APPLICABLE STATE LAWS,
(ii) TO THE EXTENT APPLICABLE, RULE 144 UNDER THE ACT (OR ANY SIMILAR RULE UNDER THE ACT RELATING TO THE DISPOSITION OF SECURITIES),
OR (iii) AN OPINION OF COUNSEL, IF SUCH OPINION SHALL BE REASONABLY SATISFACTORY TO COUNSEL TO THE ISSUER, THAT AN EXEMPTION FROM
REGISTRATION UNDER THE ACT AND APPLICABLE STATE LAW IS AVAILABLE.

 

BRAZIL MINERALS, INC.

 

STOCK PURCHASE
WARRANT

 

To Purchase
488.000 Shares of Common Stock

 

	No. 2014-1	Issue Date: January 8, 2014

 

THIS CERTIFIES
that, for value received, Una Hannah LP (the "Holder"), is entitled, upon the terms and subject to the conditions hereinafter
set forth, at any time on or after the date hereof, to subscribe for and purchase, from BRAZIL MINERALS, INC. a Nevada corporation
(the "Company"), four hundred eighty eight thousand (488,000) of the fully paid non-assessable shares of the Company's
common stock, $0.001 par value per share ("Common Stock") at an initial purchase price of $0.125 per share or a lesser
price as described in Section 11(c), provided that such right will terminate, if not terminated earlier in accordance with the
provisions hereof, at 5:00 p.m. (Pacific Time) on December 26, 2018 (the "Expiration Date").

The purchase price and the number of shares for which this warrant (the "Warrant") is exercisable are subject to adjustment,
as provided herein and specifically in Section 11.

This Warrant was issued in connection with the Company's private offering (the "Offering") of units of the Company's
securities (the "Units"), each Unit consisting of $25,000 principal amount of 12% Senior Secured Convertible Promissory
Notes maturing March 31, 2015 (the “Notes”) and warrants to purchase 50,000 shares of the Company's Common Stock until
December 26, 2018 (a "Warrant Share”).

As used herein the following terms, unless the context otherwise requires, have the following respective meanings:

 

(a)
The term "Company" shall include BRAZIL MINERALS, INC. and any corporation that shall succeed or assume the obligations
of BRAZIL MINERALS, Inc. hereunder.

 

(b)
The term "Warrant Shares" includes (i) the Company's Common Stock and (ii) any other securities into which or for which
any of the Common Stock may be converted or exchanged pursuant to a plan of recapitalization, reorganization, merger, sale of assets
or otherwise.

 

(c)
The term "Other Securities" refers to any stock (other than Common Stock) and other securities of the Company or any
other person (corporate or otherwise) which the holder of the Warrant at any time shall be entitled to receive, or shall have received,
on the exercise of this Warrant, in lieu of or in addition to Common Stock, or which at any time shall be issuable or shall have
been issued in exchange for or in replacement of Common Stock or Other Securities.

 

(d)
The term "Exercise Price" shall be $0.125 per share or a lesser price per share as described in Section 11(c), subject
to adjustment pursuant to the terms hereof.

 

    	1

    	 

    

 

	1.	Number of Shares Issuable upon Exercise.

 

Unless
sooner terminated in accordance herewith, from and after the date hereof through and including the Expiration Date, the Holder
shall be entitled to receive, upon exercise of this Warrant in whole or in part, the number of shares of Common Stock of the Company
set forth on the first page of this Warrant, subject to adjustment pursuant hereto, by delivery of an original or fax copy of the
exercise notice attached hereto as Exhibit A (the "Notice of Exercise") along with payment to the Company of the Exercise
Price.

 

	2.  	Exercise of Warrant.

 

(a)
The purchase rights represented by this Warrant are exercisable by the registered Holder hereof, in whole at any time or in part
from time to time by delivery of the Notice of Exercise duly completed and executed at the office of the Company in California
(or such other office or agency of the Company as it may designate by notice in writing to the registered Holder hereof at the
address of such Holder appearing on the books of the Company), and upon payment of the Exercise Price of the shares thereby purchased
(cash, bank wire transfer, or by certified or official bank check payable to the order of the Company in an amount equal to the
Exercise Price of the shares thereby purchased); whereupon the Holder of this Warrant shall be entitled to receive a certificate
for the number of Warrant Shares so purchased; provided that the Company will place on each certificate a legend substantially
the same as that appearing on this Warrant, in addition to any legend required by any applicable state or federal law. If this
Warrant is exercised in part, the Company will issue to the Holder hereof a new Warrant upon the same terms as this Warrant but
for the balance of Warrant Shares for which this Warrant remains exercisable. The Company agrees that upon exercise of this Warrant
the Holder shall be deemed to be the record owner of the shares issued upon exercise as of the close of business on the date on
which this Warrant shall have been exercised as aforesaid. This Warrant will be surrendered at the time of exercise or if lost,
stolen, misplaced or destroyed, the Holder will comply with Section 7 below.

 

(b)
Certificates for shares purchased hereunder shall be delivered to the Holder hereof within a reasonable time after the date on
which this Warrant shall have been exercised as aforesaid.

 

If Holder has received shares of the Warrant
Shares and has owned these Warrant Shares for more than six months and the Holder affirms that it is a non-affiliate of the Company
and the Holder requests in writing that the shares be reissued in unrestricted form; the Company affirms that at its expense it
will cause to be issued unrestricted shares of the Company’s common shares to the Holder.

 

If for any reason these unrestricted shares
are not issued within 15 days of the written request, the number of shares to be issued shall increase by 1% per day until all
such share certificates are sent to the investor via traceable courier such as FedEx.

 

The Holder acknowledges by entering into
this transaction that it fully understands that whenever the Company is not current with its required filings with the Securities
and Exchange Commission such Warrant Shares cannot be sold without registration.

(c)
The Company covenants that all Warrant Shares which may be issued upon the exercise of rights represented by this Warrant will,
upon exercise of the rights represented by this Warrant and payment of the exercise price, be fully paid and non-assessable and
free from all preemptive rights, taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer
occurring contemporaneously with such issue which shall be paid by the Company in accordance with Section 4 below).

 

	 3.  	No Fractional Shares.

 

The
Company shall not be required to issue fractional Warrant Shares upon the exercise of this Warrant or to deliver Warrant Certificates
that evidence fractional Warrant Shares. In the event that a fraction of a Warrant Share would, except for the provisions of this
Section 3, be issuable upon the exercise of this Warrant, the Company shall pay to the Holder exercising the Warrant an amount
in cash equal to such fraction multiplied by the Per Share Market Value of the Warrant Share.

 

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For
purposes of this Warrant, the Per Share Market Value shall be determined as follows: As used herein, "Per Share Market Value"
means on any particular date (a) the closing bid price per share of Common Stock on such date on the national securities exchange
on which the shares of Common Stock are then listed or quoted, or if there is no such price on such date, then the average of the
closing bid and asked prices on the national securities exchange on the date nearest preceding such date, (b) if the shares of
Common Stock are not then listed or quoted on a national securities exchange, the average of the closing bid and asked prices for
a share of Common Stock in the over-the-counter market, as reported by the otcmarkets.com., or an equivalent generally accepted
reporting service, at the close of business on such date, or (c) if the shares of Common Stock are not then publicly traded, the
fair market value of a share of Common Stock as determined by an appraiser selected in good faith by the holders of a majority
in interest of the Warrants of similar tenor then outstanding.

 

	 4.	Charges, Taxes and Expenses.

 

Issuance
of certificates for Warrant Shares upon the exercise of this Warrant shall be made without charge to the Holder hereof for any
issue or transfer tax or other incidental expense in respect of the issuance of such certificate, all of which taxes and expenses
shall be paid by the Company, and such certificates shall be issued in the name of the Holder of this Warrant, or in such name
or names as may be directed by the Holder of this Warrant; provided, however, that in the event certificates for Warrant Shares
are to be issued in a name other than the name of the Holder of this Warrant, this Warrant, when exercised, shall be accompanied
by the Assignment Form attached hereto as Exhibit B (the "Assignment Form") duly executed by the Holder hereof; and provided
further, that upon any transfer involved in the issuance or delivery of any certificates for Warrant Shares, the Company may require,
as a condition thereto, that the transferee execute an appropriate investment representation as may be reasonably required by the
Company.

 

	5.  	No Rights as Shareholders.

 

This
Warrant does not entitle the Holder hereof to any voting rights or other rights as a Shareholder of the Company prior to the exercise
hereof.

 

	6.  	Exchange and Registry of Warrant.

 

This
Warrant is exchangeable, upon the surrender hereof by the registered Holder at the above-mentioned office or agency of the Company,
for a new Warrant or Warrants aggregating the total Warrant Shares of the surrendered Warrant of like tenor and dated as of such
exchange. The Company shall maintain at the above-mentioned office or agency a registry showing the name and address of the registered
Holder of this Warrant. This Warrant may be surrendered for exchange, transfer or exercise, in accordance with its terms, at such
office or agency of the Company, and the Company shall be entitled to rely in all respects, prior to written notice to the contrary,
upon such registry.

 

	7.  	Loss, Theft, Destruction or Mutilation of Warrant.

 

Upon
receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant,
and in case of loss, theft or destruction, of indemnity reasonably satisfactory to it, and upon reimbursement to the Company of
all reasonable expenses incidental thereto, and upon surrender and cancellation of this Warrant, if mutilated, the Company will
make and deliver a new Warrant of like tenor (but with no additional rights or obligations) and dated as of such cancellation,
in lieu of this Warrant.

 

	8.  	Saturdays, Sundays, Holidays, etc.

 

If
the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall be a Saturday
or a Sunday or shall be a legal holiday, then such action may be taken or such right may be exercised on the next succeeding day
not a Saturday, Sunday or legal holiday.

 

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	9.  	Cash Distributions.

 

No
adjustment on account of cash dividends or interest on the Company's Common Stock or Other Securities that may become purchasable
hereunder will be made to the Exercise Price under this Warrant.

 

	10.  	Consolidation, Merger or Sale of the Company.

 

If
the Company is a party to a consolidation, merger or transfer of assets that reclassifies or changes its outstanding Common Stock,
the successor corporation (or corporation controlling the successor corporation or the Company, as the case may be) shall by operation
of law assume the Company's obligations under this Warrant. Upon consummation of such transaction the Warrants shall automatically
become exercisable for the kind and amount of securities, cash or other assets that the holder of a Warrant would have owned immediately
after the consolidation, merger or transfer if the holder had exercised the Warrant immediately before the effective date of such
transaction. As a condition to the consummation of such transaction, the Company shall arrange for the person or entity obligated
to issue securities or deliver cash or other assets upon exercise of the Warrant to, concurrently with the consummation of such
transaction, assume the Company's obligations hereunder by executing an instrument so providing and further providing for adjustments
which shall be as nearly equivalent as may be practical to the adjustments provided for in this Section 10.

 

	11.  	Adjustments in the Exercise Price

 

The
number of shares and class of capital stock purchasable under this Warrant are subject to adjustment from time to time as set forth
in this Section 11.

 

(a)
Adjustment for change in capital stock. If the Company:

 

(i) pays
a dividend or makes a distribution on its Common Stock, in each case, in shares of its Common Stock;

(ii)
subdivides its outstanding shares of Common Stock into a greater number of shares;

(iii)
combines its outstanding shares of Common Stock into a smaller number of shares;

(iv) makes
a distribution on its Common Stock in shares of its capital stock other than Common Stock; or

(v)
issues by reclassification of its shares of Common Stock any shares of its capital stock;

 

then the number
and classes of shares purchasable upon exercise of each Warrant in effect immediately prior to such action shall be adjusted so
that the holder of any Warrant thereafter exercised may receive the number and classes of shares of capital stock of the Company
which such holder would have owned immediately following such action if such holder had exercised the Warrant immediately prior
to such action.

 

For
a dividend or distribution the adjustment shall become effective immediately after the record date for the dividend or distribution.
For a subdivision, combination or reclassification, the adjustment shall become effective immediately after the effective date
of the subdivision, combination or reclassification.

 

If
after an adjustment the Holder, upon exercise of a Warrant, may receive shares of two or more classes of capital stock of the Company,
the Board of Directors of the Company shall in good faith determine the allocation of the adjusted Exercise Price between or among
the classes of capital stock. After such allocation, that portion of the Exercise Price applicable to each share of each such class
of capital stock shall thereafter be subject to adjustment on terms comparable to those applicable to Common Stock in this Warrant.
Notwithstanding the allocation of the Exercise Price between or among shares of capital stock as provided by this Section 11(a),
a Warrant may only be exercised in full by payment of the entire Exercise Price currently in effect. 

 

(b)
The Company will not, by amendment of its Articles of Incorporation or through any reorganization, transfer of assets, consolidation,
merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance
of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying
out of all the provisions of this Section 11 and in the taking of all such action as may be necessary or appropriate in order to
protect the exercise rights of the Holders of this Warrant against impairment.

 

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(c.)
Each Warrant shall be non-redeemable and shall expire December 26, 2018 and entitles its holder to purchase one restricted share
of the Company's Common Stock at an initial exercise price of $0.125 per share, subject to adjustment for stock splits, dividends
and combinations described in the Memorandum and Warrant.

 

Beginning
six-months after the issuance of the Warrants and until the Warrants expire, the Warrant Exercise Price (“EP”), subject
to being no less than the Floor Price, shall at each month-end be adjusted to the lesser of:

 

		·	The existing Exercise Price, or 

		·	An adjusted Exercise Price (“EP”)
calculated using the following formula: EP = SP x 110%

 

Where
SP equals the VWAP of the Company’s stock during the most recent six-month period as reported by Bloomberg or its successors.

 

Where Floor Price
is defined as:

 

	Through June 30, 2014:	 	$	0.10	 
	During the period July 1, 2014 through June 30, 2015:	 	$	0.08	 
	During the period July 1, 2015 through December 26, 2018:	 	$	0.04	 
	Whenever, relative to the Notes, an Event of Default is occurring:	 	$	0.01	 

 

Subject
to being no less than the Floor Price, if at the end of 2014 and any subsequent or partial calendar year’s VWAP of the Company’s
Common Stock as reported by Bloomberg is less than $0.125 per share, the exercise price shall become 80% of the prior month’s
exercise price or EP before making the monthly six-month adjustment described above. 

 

	12.  	Certificate as to Adjustments.

 

In
each case of any adjustment or readjustment in the shares of Common Stock (or Other Securities) issuable on the exercise of the
Warrant, the Company at its expense will promptly cause its Chief Financial Officer or other appropriate designee to compute such
adjustment or readjustment in accordance with the terms of the Warrant and prepare a certificate setting forth such adjustment
or readjustment and showing in detail the facts upon which such adjustment or readjustment is based, including a statement of (a)
the consideration received or receivable by the Company for any additional shares of Common Stock (or Other Securities) issued
or sold or deemed to have been issued or sold, (b) the number of shares of Common Stock (or Other Securities) outstanding or deemed
to be outstanding, and (c) the Exercise Price and the number of shares of Common Stock to be received upon exercise of this Warrant,
in effect immediately prior to such adjustment or readjustment and as adjusted or readjusted as provided in this Warrant. The Company
will forthwith mail a copy of each such certificate to the Holder of the Warrant and any Warrant agent of the Company (appointed
pursuant to Section 16 hereof).

 

	13.  	Reservation of Stock Issuable on Exercise of Warrant.

 

The
Company will at all times reserve and keep available, solely for issuance and delivery on the exercise of the Warrant, shares of
Common Stock (or Other Securities) from time to time issuable on the exercise of the Warrant. If the Company has not reserve sufficient
shares to accommodate all of its obligations include these Warrants to be converted into authorized common shares and a Warrant
holder notifies the Company of this deficiency, then the number of common shares into which this Warrant may be exercised shall
increase by 1% per day until the transfer agent has verified in writing that such shares shall have been duly authorized by the
Company’s Board of Directors and shareholders if required.

 

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	14.  	Assignment; Exchange of Warrant.

 

Subject
to compliance with applicable securities laws, this Warrant, and the rights evidenced hereby, may be transferred by any registered
Holder hereof (a "Transferor") with respect to any or all of the shares underlying this Warrant. On the surrender for
exchange of this Warrant, with the Transferor's duly executed Assignment Form and together with evidence reasonably satisfactory
to the Company demonstrating compliance with applicable securities laws, which shall include, without limitation, a legal opinion
from the Transferor's counsel that such transfer is exempt from the registration requirements of applicable securities laws, the
Company at its expense (but with payment by the Transferor of any applicable transfer taxes) will issue and deliver to or on the
order of the Transferor thereof a new Warrant of like tenor, in the name of the Transferor and/or the transferee(s) specified in
such Assignment Form (each a "Transferee"), calling in the aggregate on the face or faces thereof for the number of Warrant
Shares called for on the face or faces of the Warrant so surrendered by the Transferor; and provided further, that upon any such
transfer, the Company may require, as a condition thereto, that the Transferee execute an appropriate investment representation
as may be reasonably required by the Company.

 

	15.  	Registration Rights.

 

The
Company has agreed to register the Warrant Shares in any subsequent registration statement (other than a Form S-8, S-4 or amendments
thereto) filed by the Company with the SEC, so that Holders shall be entitled to sell the same simultaneously with and upon the
terms and conditions as the securities sold for the Company's account are being sold pursuant to any such registration statement,
subject to such lock-up provisions as may be proposed by the underwriter of said registration statement (the "Piggyback Registration
Right"). There is no guarantee as to a time frame for the filing of such a registration statement.

 

	16.  	Warrant Agent.

 

The
Company may, by written notice to each Holder of a Warrant, appoint an agent for the purpose of issuing Common Stock (or Other
Securities) on the exercise of this Warrant pursuant to Section 2, exchanging this Warrant pursuant to Section 14, and replacing
this Warrant pursuant to Section 7, or any of the foregoing, and thereafter any such issuance, exchange or replacement, as the
case may be, shall be made at such office by such agent.

 

	17.  	Notices, etc.

 

All
notices shall be in writing signed by the party giving such notice, and delivered personally or sent by overnight courier or messenger
or sent by registered or certified mail (air mail if overseas), return receipt requested, or by telex, facsimile transmission,
telegram or similar means of communication. Notices shall be deemed to have been received on the date of personal, telex, facsimile
transmission, telegram or similar means of communication, or if sent by overnight courier or messenger, shall be deemed to have
been received on the next delivery day after deposit with the courier or messenger, or if sent by certified or registered mail,
return receipt requested, shall be deemed to have been received on the third business day after the date of mailing. Notices shall
be sent to the addresses set forth below each party's signature on the Subscription Agreement.

 

	18.  	Notices of Record Date.

 

In
case,

 

(a)
The Company takes a record of the holders of its Common Stock for the purpose of entitling them to subscribe for or purchase any
shares of stock of any class or to receive a dividend, distribution or any other rights; or

 

(b)
There is any capital reorganization of the Company, reclassification of the capital stock of the Company (other than a subdivision
or combination of its outstanding shares of Common Stock), or consolidation or merger of the Company with or into another corporation
which does not constitute a sale of the Company; or

 

(c)
There is a voluntary or involuntary dissolution, liquidation or winding up of the Company;

 

then, and in any
such case, the Company shall cause to be mailed to the Holder, at least 20 business days prior to the date hereinafter specified,
a notice stating the date on which (i) a record is to be taken for the purpose of such dividend, distribution or rights, or (ii)
such reclassification, reorganization, consolidation, merger, dissolution, liquidation or winding up is to take place and the date,
if any is to be fixed, as of which holders of Common Stock of record shall be entitled to exchange their shares of Common Stock
for securities or other property deliverable upon such reclassification, reorganization, consolidation, merger,  dissolution,
liquidation or winding up.

 

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	19.  	Amendments and Supplements.

 

(a)
The Company may from time to time supplement or amend this Warrant without the approval of any Holders in order to cure any ambiguity
or to be correct or supplement any provision contained herein which may be defective or inconsistent with any other provision,
or to make any other provisions in regard to matters or questions herein arising hereunder which the Company may deem necessary
or desirable and which shall not materially adversely affect the interest of the Holder. All other supplements or amendments to
this Warrant must be signed by the party against whom such supplement or amendment is to be enforced.

 

(b)
Notwithstanding Section 19(a), the Company may at any time during the term of this Warrant reduce the then current Exercise Price
to any amount and for any period of time deemed appropriate by the Board of Directors of the Company.

 

	20.  	Investment Intent.

 

Holder
represents and warrants to the Company that Holder is acquiring the Warrants for investment and with no present intention of distributing
or reselling any of the Warrants.

 

	21.  	Certificates to Bear Language.

 

The
Warrants and the Warrant Shares issuable upon exercise thereof shall bear the following legend by which Holder shall be bound:

 

"THE SECURITIES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES MAY NOT BE
SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT AN
EXEMPTION FROM REGISTRATION UNDER SUCH ACT IS AVAILABLE."

 

Certificates for
Warrants or Warrant Shares without such legend shall be issued if such Warrants or Warrant Shares are sold pursuant to an effective
registration statement under the Securities Act of 1933, as amended (the "Act"), or if the Company has received an opinion
from counsel reasonably satisfactory to counsel for the Company, that such legend is no longer required under the Act.

 

	22.  	Miscellaneous.

 

(a)
This Warrant shall be governed by and construed in accordance with the laws of the State of California without regard to principles
of conflicts of laws. The parties submit to the jurisdiction of the Courts of the County of Los Angeles, State of California or
a Federal Court empanelled in the State of California for the resolution of all legal disputes arising under the terms of this
Warrant, including, but not limited to, enforcement of any arbitration award. The Company and the Holder agree to submit to the
jurisdiction of such courts and waive trial by jury.

 

(b)
If any action or proceeding is brought by the Company on the one hand or by the Holder on the other hand to enforce or continue
any provision of this Warrant, the prevailing party's costs and expenses, including its reasonable attorney's fees, in connection
with such action or proceeding shall be paid by the other party.

 

(c)
In the event that any provision of this Warrant is invalid or unenforceable under any applicable statute or rule of law, then such
provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with
such statute or rule of law. Any such provision that may prove invalid or unenforceable under any law shall not affect the validity
or enforceability of any other provision of this Warrant.

 

(d)
The headings in this Warrant are for purposes of reference only, and shall not limit or otherwise affect any of the terms hereof

 

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IN WITNESS WHEREOF,
the Company has caused this Warrant to be executed by its officers thereunto duly authorized as of the date first written above.

 

	 	BRAZIL MINERALS, INC.	 
	 	 	 	 
	 	By:	/s/ Marc Fogassa	 
	 	 	Marc Fogassa	 
	 	 	Chairman and Chief Executive Officer	 

 

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EXHIBIT A

 

NOTICE OF EXERCISE OF

WARRANT

 

BRAZIL MINERALS, INC.

 

The undersigned _______________, pursuant to the provisions
of the within Warrant, hereby elects to purchase _____ shares of Common Stock of Brazil Minerals, Inc. covered by the within Warrant.

 

	Dated:	 	 	Signature	 
	 	 	 	 	 
	 	 	 	Address	 
	 	 	 	 	 
	 	 	 	 	 

 

EXHIBIT B

 

ASSIGNMENT

 

FOR VALUE RECEIVED, _________________ hereby sells, assigns
and transfers unto __________________ the within Warrant and all rights evidenced thereby and does irrevocably constitute and appoint
_____________, attorney, to transfer the said Warrant on the books of the within named corporation.

 

	Dated:	 	 	Signature	 
	 	 	 	 	 
	 	 	 	Address	 
	 	 	 	 	 
	 	 	 	 	 

 

 

PARTIAL ASSIGNMENT

 

FOR VALUE RECEIVED, _________________ hereby sells, assigns
and transfers unto __________________ the right to purchase _________ Warrant Shares evidenced by the within Warrant together with
all rights therein, and does irrevocably constitute and appoint ___________________, attorney, to transfer that part of the said
Warrant on the books of the within named corporation.

 

	Dated:	 	 	Signature	 
	 	 	 	 	 
	 	 	 	Address	 
	 	 	 	 	 
	 	 	 	 	 

 

 

FOR USE BY THE ISSUER ONLY:

 

This Warrant No. ___ canceled (or transferred or exchanged)
this _____ day of ___________, _____, shares of Common Stock issued therefor in the name of _______________, Warrant No. _____
issued for ____ shares of Common Stock in the name of _______________.

 

    	9Exhibit 4.9

 

THESE SECURITIES, I.
E., THIS DEBENTURE AND THE CONVERSION SHARES, HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAWS. THIS DEBENTURE AND THE CONVERSION SHARES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE
OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS DEBENTURE OR THE CONVERSION SHARES UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES
LAWS OR AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER AND BE REASONABLY ACCEPTABLE TO THE BORROWER), IN
A GENERALLY ACCEPTABLE FORM THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT.

 

CONVERTIBLE DEBENTURE

 

FOR VALUE RECEIVED,
Brazil Minerals, Inc., a Nevada corporation (the “Borrower”), promises to pay to Group 10 Holdings LLC (the “Holder”)
or its registered assigns or successors in interest, the sum of Sixty Three Thousand Dollars ($63,000), together with all accrued
interest thereon, on the first anniversary from the Effective Date, as hereinafter defined (the “Maturity Date”), if
not sooner paid.

 

The following terms and
conditions shall apply to this Convertible Debenture (the “Debenture”):

 

ARTICLE I

INTEREST & AMORTIZATION

 

1.1           Contract
Rate. Subject to Sections 4.1 and 5.7 hereof, interest payable on this Debenture shall accrue at a rate per annum equal to
10% (Ten Percent) and shall be computed on the basis of a 365-day year.

 

1.2         Consideration.
The principal sum of this Debenture is Sixty-Three Thousand Dollars ($63,000). The purchase price paid by Holder for the Debenture,
which is the consideration received by Borrower for the Debenture, is Sixty Thousand dollars ($60,000) payable by wire transfer
or other immediately available funds. Thus, as of the Effective Date, there exists a Three Thousand Dollar ($3,000) Original Issue
Discount (the “OID”). Interest shall accrue and be payable on the full outstanding principal amount of the Debenture,
inclusive of the OID, and payment of the full principal amount (inclusive of OID) shall be required regardless of time and manner
of payment or prepayment by Borrower. Upon conversion, Holder shall receive credit for the full principal amount converted (inclusive
of the OID).

 

1.3           Payments.
Payment of the aggregate principal amount outstanding under this Debenture (the “Principal Amount”), together with
all accrued interest thereon, shall be made by mandatory conversion of the principal plus accrued interest and any other fees by
the Maturity Date, unless prepaid otherwise.

 

    	 

    	 

    

  

1.4           Prepayment
Option. The Borrower may prepay in cash all or any portion of the Principal Amount of this Debenture and accrued interest thereon,
with a premium, as set forth below (each a “Prepayment Premium”), upon ten (10) days prior written notice to the Holder.
The Holder shall have the right to convert all or any portion of the Principal Amount and accrued interest thereon in accordance
with Article II hereof during such ten (10) day notice period. The amount of such prepayment premium shall be determined by multiplying
that portion of the Principal Amount and accrued interest to be converted, if any, by the then applicable prepayment percentage
(the “Prepayment Percentage”). The Prepayment Percentage shall be as follows: (i) 10% (ten percent), if there is a
prepayment at any time from the Effective Date until 90 (ninety) days after the Effective Date; and (ii) 25% (twenty-five percent)
if there is a prepayment at any time from 91 days after the Effective Date until the Maturity Date.

 

ARTICLE II

CONVERSION
REPAYMENT

 

2.1.          Mandatory
Conversion. Subject to the terms of this Article II, the Holder has the obligation, at any time after 180 (One Hundred Eighty)
days from the Effective Date and until the Maturity Date, or after an Event of Default, to convert the outstanding Principal Amount
and accrued interest and fees due and payable thereon into fully paid and non-assessable shares of Common Stock of the Borrower
(the “Common Stock”) at the Conversion Price (as defined below). The shares of Common Stock to be issued upon such
conversion are herein referred to as the “Conversion Shares.”

 

2.2.          Calculation
of Conversion Price. The conversion price (the “Conversion Price”) shall be subject to equitable adjustments for
stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities
of any subsidiary of the Borrower, combinations, recapitalization and reclassifications, of the Borrower’s common stock.
Subject to Section 4.6 hereof, the Conversion Price shall mean the lesser of (a) sixty percent (60%) of the lowest Closing
Price of the Borrower’s common stock during the twenty (20) trading days prior to the date a Notice of Conversion is given
(which represents a discount rate of forty percent (40%)) or (b) eleven cents ($0.11). For purposes of this Section 2.2, the term
”Closing Price” means the closing price on the Over-the-Counter Bulletin Board or applicable trading market (the “OTC
Market”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e., Bloomberg)
or, if the OTC Market is not the principal trading market for such security, the closing bid price of such security on the principal
securities exchange or trading market where such security is listed or traded.

 

    	2

    	 

    

  

2.3.          Conversion
Limitation. Notwithstanding anything contained herein to the contrary, the number of Conversion Shares that may be acquired
by the Holder upon conversion of this Debenture (or otherwise in respect hereof) shall be limited to the extent necessary to ensure
that, following such conversion (or other issuance), the total number of shares of Common Stock then beneficially owned by such
Holder and its affiliates and any other persons whose beneficial ownership of Common Stock would be aggregated with the Holder's
for purposes of Section 13(d) of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”),
does not exceed 4.99% of the total number of issued and outstanding shares of Common Stock (including for such purpose the shares
of Common Stock issuable upon such conversion). For such purposes, beneficial ownership shall be determined in accordance with
Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. By written notice to the Company, the
Holder may increase, decrease or waive the provisions of this Section 2.3 as to itself, but any such waiver will not be effective
until the 61st (Sixty first) day after delivery thereof.

 

2.4.          Mechanics
of Holder’s Conversion. Subject to Section 2.3 hereof, this Debenture will be converted by the Holder in part from time
to time after the Effective Date, by submitting to the Borrower and/or the Borrower’s transfer agent of record a notice of
conversion (“Notice of Conversion”) (whether by facsimile, as a Portable Document (PDF) file sent by electronic mail
or other reasonable means of communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time). On each
Conversion Date (as hereinafter defined) and in accordance with its Notice of Conversion, the Holder shall make the appropriate
reduction to the Principal Amount, and accrued interest and fees as entered in its records and shall provide written notice thereof
to the Borrower on the Conversion Date. Each date on which a Notice of Conversion is delivered or telecopied in accordance with
the provisions hereof shall be deemed a Conversion Date (the “Conversion Date”). A form of Notice of Conversion to
be employed by the Holder is annexed hereto as Exhibit A. Pursuant to the terms of the Notice of Conversion, Borrower shall
issue instructions to the transfer agent within two (2) business days from the receipt of the Notice of Conversion and shall cause
the transfer agent to transmit the certificates representing the Conversion Shares to the Holder by physical delivery or crediting
the account of the Holder’s designated broker with the Depository Trust Corporation (“DTC”) through its Deposit
Withdrawal Agent Commission (“DWAC”) system within two (2) business days after receipt by Borrower of the Notice of
Conversion (the “Delivery Date”). In the case of the exercise of the conversion rights set forth herein, the conversion
privilege shall be deemed to have been exercised, and the Conversion Shares issuable upon such conversion shall be deemed to have
been issued, upon the date of receipt by Borrower of the Notice of Conversion. The Holder shall be treated for all purposes as
the record holder of such Common Stock, unless the Holder provides Borrower written instructions to the contrary.

 

2.5.          Late
Payments. The Borrower understands that a delay in the delivery of the shares of Common Stock in the form required pursuant
to this Article II beyond the Delivery Date could result in economic loss to the Holder. Subject to Section 5.11, as compensation
to the Holder for such loss the Borrower agrees to pay late fees to the Holder for late issuance of such shares in the form required
pursuant to this Article II upon conversion of the Debenture, in the amount equal to Seven Hundred Fifty U.S Dollars ($750) per
business day after the Delivery Date. The Borrower shall pay any fees incurred under this Section in immediately available funds
upon demand and such fees shall also be eligible to be converted into Conversion Shares as set forth in this Article II.

 

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2.6           Conversion
Mechanics. The number of shares of Common Stock to be issued upon each conversion of this Debenture shall be determined by
dividing that portion of the Principal Amount and interest and fees to be converted, if any, by the then applicable Conversion
Price.

 

2.7           Authorized
and Reserved Shares. The Borrower represents and warrants and covenants and agrees that upon issuance, the Conversion Shares
will be duly and validly issued, fully paid and non-assessable. The Borrower agrees that its issuance of this Debenture shall constitute
full authority to its officers and agents who are charged with the duty of executing stock certificates to execute and issue the
necessary certificates for shares of Common Stock in accordance with the terms and conditions of this Debenture. At all times during
which this Debenture is outstanding, the Borrower shall reserve from its authorized and unissued shares of Common Stock a sufficient
number of shares to provide for the issuance of the Conversion Shares. The Borrower agrees that it will take all such reasonable
actions as may be necessary to assure that the Conversion Shares may be issued as provided herein without violation of any applicable
law or regulation, or of any requirements of the applicable trading market upon which the Common Stock may be listed. The Borrower
agrees to initially reserve 3 Million (3,000,000) shares of Common Stock from its authorized and unissued shares within 3 business
days from the Effective Date. Should any of the following events happen then the number of shares to be reserved shall be increased:
(i) in the event Borrower’s common stock trades below five cents (.05) closing price for three consecutive days, then the
reserve amount shall be increased to 6,000,000 shares; (ii) in the event Borrower’s common stock trades below three cents
(.03) closing price for three consecutive days, then the reserve amount shall be increased to 10,000,000 shares; (iii) in the event
Borrower’s issued and outstanding common shares become greater then 100,000,000, then the reserve amount will increase to
6,000,000 shares; and (iv) in the event Borrower’s issued and outstanding common shares become greater then 125,000,000 then
the reserve amount will increase to 10,000,000 shares. Should any of the above events enumerated in clauses (1) through (iv) occur,
Borrower will then have three business days to increase the reserve amount with the Transfer Agent or this will constitute an Event
of Default.

 

2.8           Issuance
of New Debenture. Upon any partial conversion of this Debenture, a new Debenture containing the same date and provisions of
this Debenture shall, at the request of the Holder, be issued by the Borrower to the Holder for the principal balance of this Debenture
and interest which shall not have been converted or paid. Subject to the provisions of Article III, the Borrower will pay no costs,
fees or any other consideration to the Holder for the production and issuance of a new Debenture.

 

    	4

    	 

    

  

2.9           Fractional
Shares. No fractional shares shall be issued upon the conversion of this Debenture. As to any fraction of a share which Holder
would otherwise be entitled to upon such conversion, the Borrower shall round up to the next whole share.

 

2.10         Par
Value; Further Assurances.

 

(a)          The
Borrower covenants that during the period that the Principal Amount of the Debenture and any accrued interest and fees thereon
remain outstanding, it will ensure that the par value of any Conversion Shares shall not exceed the amount payable therefor upon
such exercise immediately prior to such exercise. The Borrower further covenants that it shall take all appropriate actions, including,
without limitation, amending its articles or certificate of incorporation and any other voluntary action, such as calling a meeting
of shareholders to approve any such amendment, to ensure that the amount payable for any Conversion Shares shall at all times exceed
the par value thereof. by at least Four Hundred Percent (400%).

 

(b)          Except
and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation,
amending its articles or certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger,
dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of
any of the terms of this Debenture, but will at all times in good faith assist in the carrying out of all such terms and in the
taking of all such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Debenture against
impairment. Without limiting the generality of the foregoing, the Borrower will (a) not increase the par value of any Conversion
Shares above the amount payable therefor upon such exercise immediately prior to such exercise, (b) take all such action as may
be necessary or appropriate in order that the Borrower may validly and legally issue fully paid and nonassessable Conversion Shares
upon the exercise of this Debenture and (c) use its commercially best efforts to obtain all such authorizations, exemptions or
consents from any public regulatory body having jurisdiction thereof as may be necessary to enable the Borrower to perform its
obligations under this Debenture.

 

ARTICLE III

EVENTS OF DEFAULT

 

The occurrence of any
of the following events, while this Debenture is outstanding, set forth in Article III, inclusive, shall be an “Event of
Default;” provided that any Event of Default may be cured within a three (3) business day period, except as otherwise provided
herein:

 

3.1           Reserved

 

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3.2           Breach
of Covenant. Borrower breaches any covenant or other term or condition of this Debenture in any material respect and such breach,
if subject to cure, continues for a period of five (5) business days after the occurrence thereof.

 

3.3           Breach
of Representations and Warranties. Any representation or warranty of Borrower made herein shall be false or misleading in any
material respect.

 

3.4           SEC
Filings. At any point while this Debenture is outstanding, the Company is not current with its reporting responsibilities under
Section 13 of the Securities Exchange Act of 1934. Furthermore, Borrower fails to timely file, when due, any SEC report, including
any required XBRL file along with such report (e.g., Forms 8- K, 10-Q or 10-K, or Schedules 14A, 14C or 14(f)), or, if the filing
date of such report is properly extended pursuant to SEC Rule 12b-25, when the date of any such filing extension lapses, or any
post-effective amendment to any SEC Registration Statement.

 

3.5           Stop
Trade. An SEC stop trade order or Principal Market trading suspension of the Common Stock shall be in effect for five
(5) consecutive days or five (5) days during a period of 10 consecutive trading days, provided that Borrower shall not
have been able to cure such trading suspension within 30 days of the notice thereof or list the Common Stock on another
Principal Market within 60 days of such notice. The “Principal Market” for the Common Stock shall include the OTC
Bulletin Board, NASDAQ Capital Market, NASDAQ Global Market, NYSE Amex, or New York Stock Exchange (whichever of the
foregoing is at the time the principal trading exchange or market for the Common Stock), or any securities exchange or other
securities market on which the Common Stock is then being listed or traded.

 

3.6           SEC
Reporting Status Matters.

 

(a)          Borrower
indicates by check mark on the cover page of an SEC report filing that it has not (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 

(b)          Borrower
indicates by check mark on the cover page of an SEC report filing that it has not submitted electronically and posted on its corporate
website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during
the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

 

(c)          Borrower
indicates by check mark on the cover page of an SEC report filing that it is a shell company (as defined in Rule 12b-2 of the Exchange
Act); or

 

    	6

    	 

    

  

(d)          Borrower
files a Form 15 with the SEC to deregister its Common Stock. In such an event, Borrower shall file current reports with attorney
opinions on not less than a quarterly basis on www.otcmarkets.com until such time as Borrower re- registers its Common Stock with
the SEC.

 

3.7           Receiver
or Trustee. The Borrower or a significant majority owned subsidiary of the Borrowers (a “Subsidiary”), if any,
shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for
it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed; or shall
become insolvent or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to
applicable grace periods, if any.

 

3.8           Judgments.
Any money judgment, writ or similar final process shall be entered or filed against the Borrower or any of its Subsidiaries or
any of their respective property or other assets for more than $100,000 in the aggregate, and shall remain unvacated, unbonded
or unstayed for a period of thirty (30) days.

 

3.9           Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any
law for the relief of debtors shall be instituted by or against the Borrower or any of its Subsidiaries (Federal law or applicable
state law) which has not been dismissed within 60 days after its filing.

 

3.10         DTC
Eligibility. The Borrower shall lose its status as “DTC Eligible” or the Borrower’s shareholders shall lose
the ability to deposit (either electronically or by physical certificates, or otherwise) shares into the DTC System through a “deposit
chill” or otherwise that is not cured within sixty (60) days.

 

3.11         Reservation
of Shares. The Borrower shall fail timely to reserve shares of Common Stock from its authorized and unissued shares pursuant
to Section 2.7

 

ARTICLE IV

DEFAULT RELATED PROVISIONS
AND OTHER PRIVILEGES

 

4.1           Default
Interest Rate. Following the occurrence and during the continuance of an Event of Default, interest on this Debenture
shall automatically be increased to a rate of 18% per annum, as of the date Effective Date of this Debenture, which interest
shall be payable in Common Stock.

 

    	7

    	 

    

 

4.2           Default
Penalty Payment. Following the occurrence and during the continuance of an Event of Default, the Borrower agrees to pay a Penalty
Payment to the Holder in the amount equal to One Thousand U.S. Dollars ($1,000) per business day commencing on the Third (3rd)
day after the Event of Default occurs. The Borrower shall pay any fees incurred under this Section in immediately available funds
upon demand and such fees shall also be eligible to be converted into Conversion Shares as set forth in this Article II.

 

4.3           Conversion
Privileges. The conversion privileges set forth in Article II shall remain in full force and effect immediately from the date
hereof and until this Debenture is paid in full.

 

4.4           Cumulative
Remedies. The remedies under this Debenture shall be cumulative.

 

4.5           Immediately
Due and Payable. Upon the occurrence of an Event of Default, this Debenture shall become immediately due and payable at the
option of Holder in Common Stock upon written notice of acceleration delivered to Borrower; provided that such notice shall not
be required for an Event of Default under Section 3.9 and, in such event, this Debenture shall become automatically due and payable
in Common Stock without the need for Holder to give notice.

 

ARTICLE V

MISCELLANEOUS

 

5.1           Failure
or Indulgence Not Waiver. No failure or delay on the part of the Holder hereof in the exercise of any power, right or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other right, power or privilege. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

 

    	8

    	 

    

  

5.2           Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in
writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or
certified, return receipt requested, postage prepaid, (iii) delivered by FedEx or other reputable express courier service
with charges prepaid, or (iv) transmitted by hand delivery, telegram, e-mail or facsimile, addressed as set forth below (v)
sent via Email whereby a return Email confirming receipt has been delivered. Any notice or other communication required or
permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate
confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a
business day during normal business hours where such notice is to be received), or the first business day following such
delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b)
on the next business day following the date of mailing by express courier service, fully prepaid, addressed to such address,
or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall
be:

 

If to the Borrower, to:

 

Brazil Minerals, Inc. 

324 South Beverly Drive Suite
118

Beverly Hills, CA 90212

e-mail: mf@ brazil-minerals.com
If to the

 

Holder:

 

Group 10 Holdings LLC Attn:

Adam Wasserman 11 Island

Ave. #1108 Miami Beach, FL

33139 EIN # 32-0409845

e-mail:adam@group10llc.com

 

No change in any of such
addresses shall be effective insofar as notices under this Section 5.2 are concerned unless such changed address is located in
the United States of America and notice of such change shall have been given to such other party hereto as provided in this Section
5.2.

 

5.3           Amendment
Provision. Any term of this Debenture may be amended only with the written consent of the Holder and the Borrower. .The term
“Debenture” and all reference thereto, as used throughout this instrument, shall mean this instrument as originally
executed, or if later amended or supplemented, then as so amended or supplemented, and any successor instrument as it may be amended
or supplemented.

 

5.4           Assignability.
This Debenture shall be binding upon the Borrower and its successors and assigns, and shall inure to the benefit of the Holder
and its successors and assigns, and may not be assigned by the Borrower without the prior written consent of the Holder, which
consent may not be unreasonably withheld.

 

    	9

    	 

    

  

5.5           Prevailing
Party and Costs. In the event any attorney is employed by any party with regard to any legal or equitable action, arbitration
or other proceeding brought by such party for the enforcement of this Debenture or because of an alleged dispute, breach, default
or misrepresentation in connection with any of the provisions of this Debenture, the prevailing party in such proceeding will be
entitled to recover from the other party reasonable attorneys' fees and other costs and expenses incurred, in addition to any other
relief to which the prevailing party may be entitled.

 

5.6           Governing
Law; Consent to Jurisdiction; Waiver of Jury Trial. This Debenture shall be governed by, and construed in accordance with,
the internal laws of the State of Nevada, without regard to principles of conflicts of law. HOLDER AND BORROWER WAIVE ANY RIGHT
TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS DEBENTURE OR ANY TRANSACTION CONTEMPLATED HEREIN,
INCLUDING CLAIMS BASED ON CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER COMMON LAW OR STATUTORY BASES. Each party hereby submits
to the exclusive jurisdiction of the state and federal courts located in Nevada. If the jury waiver set forth in this Section is
not enforceable, then any dispute, controversy or claim arising out of or relating to this Debenture or any of the transactions
contemplated herein will be finally settled by binding arbitration in Nevada, in accordance with the then current Commercial Arbitration
Rules of the American Arbitration Association by one arbitrator appointed in accordance with said rules. The arbitrator shall apply
Nevada law to the resolution of any dispute, without reference to rules of conflicts of law or rules of statutory arbitration.
Judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Notwithstanding the foregoing,
the parties may apply to any court of competent jurisdiction for preliminary or interim equitable relief, or to compel arbitration
in accordance with this paragraph. The expenses of the arbitration, including the arbitrator’s fees and expert witness fees,
incurred by the parties to the arbitration, may be awarded to the prevailing party, in the discretion of the arbitrator, or may
be apportioned between the parties in any manner deemed appropriate by the arbitrator. Unless and until the arbitrator decides
that one party is to pay for all (or a share) of such expenses, both parties shall share equally in the payment of the arbitrator’s
fees as and when billed by the arbitrator.

 

5.7           Maximum
Payments. Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges
in excess of the maximum permitted by applicable law. In the event that the rate of interest required to be paid or other charges
hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed
by Borrower to the Holder and thus refunded to the Borrower.

 

5.8           Construction.
Borrower acknowledges that its legal counsel participated in the preparation of this Debenture and, therefore, stipulates that
the rule of construction that ambiguities are to be resolved against the drafting party shall not be applied in the interpretation
of this Debenture to favor any party against the other.

 

    	10

    	 

    

  

5.9           Absolute
Obligation. Except as expressly provided herein, no provision of this Debenture shall alter or impair the obligation of the
Borrower, which is absolute and unconditional, to pay the principal of, interest and liquidated damages (if any) on, this Debenture
at the time, place, and rate, and in the coin or currency, herein prescribed. This Debenture is a direct debt obligation of Borrower.

 

5.10         Lost
or Mutilated Debenture. If this Debenture shall be mutilated, lost, stolen or destroyed, Borrower shall execute and deliver,
in exchange and substitution for and upon cancellation of a mutilated Debenture, or in lieu of or in substitution for a lost, stolen
or destroyed Debenture, a new Debenture for the principal amount of this Debenture so mutilated, lost, stolen or destroyed.

 

5.11         Force
Majeure. Any delay or failure in the performance by either Party hereunder shall be excused if and to the extent caused by
the occurrence of a Force Majeure. For purposes of this Agreement, Force Majeure shall mean a cause or event that is not reasonably
foreseeable or otherwise caused by or under the control of the Party claiming Force Majeure, including acts of God, fires, floods,
explosions, riots, wars, hurricane, sabotage terrorism, vandalism. accident, restraint of government, governmental acts, injunctions,
or labor strikes, and other like events that are beyond the reasonable anticipation and control of the Party affected thereby,
despite such Party's reasonable efforts to prevent, avoid, delay, or mitigate the effect of such acts, events or occurrences, and
which events or the effects thereof are not attributable to a Party's failure to perform its obligations under this Agreement.

 

5.12         Opinion
of Counsel. An opinion of Bauman & Associates, Nevada counsel, shall be deemed reasonably acceptable to Borrower.

 

[signature page follows]

 

    	11

    	 

    

 

IN WITNESS WHEREOF, Borrower has caused
this Convertible Debenture to be signed in its name effective as of the 28th day of March 2014 (the “Effective Date”).

 

	BORROWER:	 
	Brazil Minerals, Inc.	 
	 	 	 
	By:	/s/ Marc
    Fogassa	 
	 	 
	Name: Marc Fogassa 	 
	 	 
	Title: CEO	 
	 	 
	HOLDER:	 
	 	 
	Group 10 Holdings, LLC	 
	 	 
	By:	/s/
    Adam Wasserman	 
	 	 
	Name: Adam Wasserman 	 
	 	 
	Title: Managing Member	 

 

    	12

    	 

    

  

EXHIBIT A NOTICE

OF CONVERSION

(To be executed by the
Holder in order to convert all or part of the amounts owed under the Convertible Debenture into Common Stock)

 

[NAME OF HOLDER] [ADDRESS]

 

The undersigned
hereby converts $                      
due under the Convertible Debenture issued by                                           ,
Inc. (“Borrower”) datedas of                ,
2014 by delivery of shares of Common Stock of Borrower on and subject to the conditions set forth in Article II of the Convertible
Debenture.

 

    	13

    	 

    

 

	1.	Date of Conversion	 	 
	 	 	 	 
	 	 	 	 
	2.	Shares To Be Delivered:	 	 
	 	 	 	 
	 	 	 	 
	 	[NAME OF BORROWER]	 	 

  

	 	By:	 	 	 Name:	Title:

 

    	14

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