Document:

Exhibit

Exhibit 10.1

October 19, 2015

Bonanza Creek Energy, Inc.    
410 17th Street, Suite 1500
Denver, Colorado 80202 
Facsimile: (720) 279-2331

Re:  Borrowing Base Redetermination and Amendment No. 12 

Ladies and Gentlemen:

We refer to the Credit Agreement dated as of March 29, 2011 (as amended by Amendment No. 1 dated as of April 29, 2011, Amendment No. 2 & Agreement dated as of September 15, 2011, the Resignation, Consent and Appointment Agreement and Amendment Agreement dated as of April 6, 2012, Amendment No. 3 & Agreement dated as of May 8, 2012, Amendment No. 4 dated as of July 31, 2012, Amendment No. 5 dated as of October 30, 2012, Amendment No. 6 dated as of March 29, 2013, Amendment No. 7 dated as of May 16, 2013, Amendment No. 8 dated as of November 6, 2013, Amendment No. 9 dated as of May 14, 2014, Amendment No. 10 dated as of October 1, 2014, and Amendment No. 11 and Agreement dated as of May 13, 2015, and as the same may be further amended, restated or otherwise modified from time to time, the "Credit Agreement") among Bonanza Creek Energy, Inc., a Delaware corporation (the "Borrower"), the lenders party thereto from time to time (the "Lenders"), and KeyBank National Association, as administrative agent (in such capacity, the "Administrative Agent"), and as issuing lender for such Lenders (in such capacity, the “Issuing Lender”).  All terms defined in the Credit Agreement shall have the same meanings when used herein unless otherwise defined herein.  This Letter Agreement shall be effective as of the date hereof (the “Effective Date”) once the Administrative Agent has received multiple original counterparts, as requested by the Administrative Agent, of this Letter Agreement duly and validly executed and delivered by duly authorized officers of the Borrower, the Administrative Agent, the Issuing Lender and the Required Lenders.

Notification of Decrease in Borrowing Base 

In connection with the Internal Engineering Report dated effective July 1, 2015 and in accordance with Section 2.02(b)(ii) of the Credit Agreement, and subject to the satisfaction of the conditions below, the Administrative Agent hereby notifies you that, as of the Effective Date (as defined below), the Borrowing Base shall be $475,000,000.  Once effective, the new Borrowing Base amount shall remain in effect until the Borrowing Base is redetermined in accordance with Section 2.02 of the Credit Agreement. 

Amendment to Credit Agreement

Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of “Aggregate Threshold Amount” in its entirety and replacing it with the following new definition:

“Aggregate Threshold Amount” means the sum of $475,000,000 plus the total of all Threshold Amount Increases effected under Section 2.17. 

Miscellaneous

The Borrower hereby represents and warrants that after giving effect hereto: (a) the representations and warranties of the Borrower contained in the Loan Documents are true and correct in all material respects (except in the case of representations and warranties which are made solely as of an earlier date or time, which representations and warranties shall be true and correct in all material respects as of such earlier date or time); (b) no Default or Event of Default has occurred and is continuing; and (c) the execution, delivery and performance of this Letter Agreement has been duly authorized by all necessary action on the part of the Borrower.

This Letter Agreement constitutes a Loan Document for the purposes of the Credit Agreement.  This Letter Agreement may not be amended or terminated nor shall any obligation of the Borrower required hereunder be waived except in accordance with the Credit Agreement.

This Letter Agreement may be executed in any number of counterparts, each of which shall be an original and all of which, when taken together, shall constitute one agreement.  Transmission by facsimile or email attachment of an executed counterpart of this Letter Agreement shall be deemed to constitute due and sufficient delivery of such counterpart.  This Letter Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas.

THIS LETTER AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES RELATED TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

[Signature Page Follows]

If the foregoing terms of this Letter Agreement meet with your approval, please evidence your agreement with such terms by signing this Letter Agreement in the space indicated below.

Very truly yours,

	
			
	 
	KEYBANK NATIONAL ASSOCIATION, as 

	 
	 
	Administrative Agent, Issuing Lender, and Lender

	 
	By: /s/ George E. McKean                                                                                                              

	 
	Name: George E. McKean                                                                                                         

	 
	Title:  Senior Vice President                                                                                                           

	
			
	 
	COMPASS BANK, as a Lender 

	 
	 
	 

	 
	By: /s/ Gabriela Albino                                                                                                              

	 
	Name: Gabriela Albino                                                                                                         

	 
	Title: Vice President                                                                                                           

	
			
	 
	SOCIÉTÉ GÉNÉRALE, as a Lender 

	 
	 
	 

	 
	By: /s/ Max Sonnonstine                                                                                                              

	 
	Name: Max Sonnonstine                                                                                                         

	 
	Title: Director                                                                                                           

    

    
	
			
	 
	BMO HARRIS FINANCING, INC., as a Lender 

	 
	 
	 

	 
	By: /s/ Gumaro Tijerina                                                                                                              

	 
	Name: Gumaro Tijerina                                                                                                         

	 
	Title: Managing Director                                                                                                           

    

    
	
			
	 
	WELLS FARGO BANK, N.A., as a Lender 

	 
	 
	 

	 
	By: /s/ Jonathan Herrick                                                                                                              

	 
	Name: Jonathan Herrick                                                                                                         

	 
	Title: Vice President                                                                                                           

    
	
			
	 
	JPMORGAN CHASE BANK, N.A., as a Lender 

	 
	 
	 

	 
	By: /s/ Darren Vanek                                                                                                              

	 
	Name: Darren Vanek                                                                                                         

	 
	Title: Executive Director                                                                                                           

    
	
			
	 
	ROYAL BANK OF CANADA, as a Lender 

	 
	 
	 

	 
	By: /s/ Mark Lumpkin, Jr.                                                                                                              

	 
	Name: Mark Lumpkin, Jr.                                                                                                         

	 
	Title: Authorized Signatory                                                                                                           

    

    
	
			
	 
	IBERIABANK, as a Lender 

	 
	 
	 

	 
	By: /s/ Moni Collins                                                                                                              

	 
	Name: Moni Collins                                                                                                         

	 
	Title: Senior Vice President                                                                                                           

    

	
			
	 
	THE BANK OF NOVA SCOTIA, as a Lender 

	 
	 
	 

	 
	By: /s/ Alan Dawson                                                                                                              

	 
	Name: Alan Dawson                                                                                                        

	 
	Title: Director                                                                                                           

	
			
	 
	CADENCE BANK, N.A., as a Lender 

	 
	 
	 

	 
	By: /s/ Steven Taylor                                                                                                              

	 
	Name: Steven Taylor                                                                                                         

	 
	Title: Vice President                                                                                                           

Agreed to and Accepted:

BORROWER:                
BONANZA CREEK ENERGY, INC.

By:/s/ William J. Cassidy
Name:  William J. Cassidy  
Title: Executive Vice President and Chief Financial OfficerExhibit 10.2

 

SUBSCRIPTION AGREEMENT

 

		To:	Hometown International, Inc.

25 E. Grant Street

Woodstown, NJ 08098

 

Gentlemen:

 

		1.	Subscription.

 

The undersigned (the “Purchaser”),
intending to be legally bound, hereby irrevocably agrees to purchase from Hometown International, Inc., a Nevada corporation (the
“Company”), the number of units (the “Units”) set forth on the Signature Page at the end of this subscription
agreement (the “Agreement”) at a purchase price of $0.75 per Unit (the “Offering”), upon the terms and
conditions hereinafter set forth. Each Unit shall consist of: (i) one (1) share of the Company’s common stock, par value
$.0001 (the “Common Stock” or the “Shares”), and (ii) warrants to purchase two shares of the Company’s
Common Stock which shall be immediately exercisable at a price of $2.50 per share or immediately callable by the Company if the
Company’s Common Stock trades for a period of 20 consecutive trading days at an average price of $3.00 per share or greater
(the “Warrants”). This subscription is submitted to the Company in accordance with and subject to the terms and conditions
described in this Agreement and in the Private Placement Memorandum dated June 3, 2014 (the “Private Placement Memorandum”).

 

The
Purchaser is delivering (i) the subscription payment made payable to Hometown International,
Inc., (ii) two executed copies of the Signature Page at the end of this Agreement, and (iii) one executed copy of Purchaser Questionnaire
for Individuals (if appropriate), attached hereto as Exhibit II, to:

 

Hometown International,
Inc.

25 E. Grant
Street

Woodstown,
NJ 08098

 

The Purchaser understands that
the Shares and the Warrants are being issued pursuant to the exemption from the registration requirements of the United States
Securities Act of 1933, as amended (the “Securities Act”), provided by Regulation D, Rule 506 of the Securities Act.
As such, the Shares and the Warrants are only being offered and sold to investors who qualify as “accredited investors,”
and a limited number of “sophisticated investors” (as defined in Regulation D), and the Company is relying on the representations
made by the Purchaser in this Agreement that the Purchaser qualifies as such an accredited or sophisticated investor. The Shares
and the shares of Common Stock underlying the Warrants (the “Warrant Shares”) are “restricted securities”
for purposes of the United States securities laws and cannot be transferred except as permitted under these laws.

 

		2.	Acceptance of Subscription.

 

The Offering will be
open until the earlier to occur of (i) the sale of all of the Units, or (ii) August 1, 2014, unless extended by the Company for
up to an additional 60 day period, in the Company’s sole discretion.

 

    	 	1	 

     

    

 

Subject to applicable
state securities laws, the Purchaser may not revoke any subscription that such Purchaser delivers to the Company. However, the
Purchaser understands and agrees that the Company, in its sole discretion, may (i) reject the subscription of any Purchaser, whether
or not qualified, in whole or in, part, and (ii) may withdraw the Offering at any time prior to the termination of the Offering.
The Company shall have no obligation to accept subscriptions in the order received. This subscription shall become binding only
if accepted by the Company.

 

		3.	Private Placement Memorandum.

 

The Purchaser hereby
acknowledges receipt of a copy of the Private Placement Memorandum.

 

		4.	Representations and Warranties.

 

4.1.The Company represents
and warrants to, and agrees with the Purchaser as follows, in each case as of the date hereof and in all material respects as of
the date of any closing, except for any changes resulting solely from the Offering:

 

(a) The Company is duly organized,
validly existing and in good standing under the laws of the jurisdiction of its incorporation with full power and authority to
own, lease, license and use its properties and assets and to carry out the business in which it is engaged as described in the
Private Placement Memorandum. The Company is in good standing as a foreign corporation in every jurisdiction in which its ownership,
leasing, licensing or use of property or assets or the conduct of its business makes such qualification necessary, except where
the failure to be so qualified would not have a material adverse effect on the Company.

 

(b) The authorized capital stock
of the Company will consist of 100,000,000 shares of Common Stock, par value $.0001 per share.

 

There is no commitment, plan
or arrangement to issue, and no outstanding option, warrant or other right calling for the issuance of, any share of capital stock
of the Company or any security or other instrument which by its terms is convertible into, exercisable for or exchangeable for
capital stock of the Company, except, as may be described in the Private Placement Memorandum. There is no outstanding security
or other instrument which by its terms is convertible into or exchangeable for capital stock of the Company, except as may be described
in the Private Placement Memorandum.

 

(c) There is no litigation,
arbitration, claim, governmental or other proceeding (formal or informal), or investigation pending or, to the best knowledge
of the officers of the Company, threatened with respect to the Company, or any of its subsidiaries, operations, businesses,
properties or assets except as may be described in the Private Placement Memorandum or such as individually or in the
aggregate do not now have and could not reasonably be expected have a material adverse effect upon the operations, business,
properties or assets of the Company.

 

    	 	2	 

     

    

 

(d) The Company is not in violation
of, or in default with respect to, any law, rule, regulation, order, judgment or decree except as may be described in the Private
Placement Memorandum or such as in the aggregate do not now have and will not in the future have a material adverse effect upon
the operations, business, properties or assets of the Company; nor is the Company required to take any action in order to avoid
any such violation or default.

 

(e) The Company has all requisite
power and authority (i) to execute, deliver and perform its obligations under this Agreement, and (ii) to issue and sell the Units
in the Offering.

 

(f) No consent, authorization,
approval, order, license, certificate or permit of or from, or declaration or filing with, any United States federal, state, local,
or other applicable governmental authority, or any court or any other tribunal, is required by the Company for the execution, delivery
or performance by the Company of this Agreement or the issuance and sale of the Units, except such filings and consents as may
be required and have been or at the initial closing will have been made or obtained under the laws of the United States federal
and state securities laws.

 

(g) The execution, delivery and
performance of this Agreement and the issuance of the Shares and Warrants will not violate or result in a breach of, or entitle
any party (with or without the giving of notice or the passage of time or both) to terminate or call a default under any agreement
or violate or result in a breach of any term of the Company's Articles of Incorporation or Bylaws of, or violate any law, rule,
regulation, order, judgment or decree binding upon, the Company, or to which any of its operations, businesses, properties or assets
are subject, the breach, termination or violation of which, or default under which, would have a material adverse effect on the
operations, business, properties or assets of the Company.

 

(h) The Shares and Warrant Shares
issuable in this Offering are validly authorized and, if and when issued in accordance with the terms and conditions set forth
in the Private Placement Memorandum and in this Agreement, will be validly issued, fully paid and non-assessable without any personal
liability attaching to the ownership thereof, and will not be issued in violation of any preemptive or other rights of stockholders.

 

(i) The Private Placement Memorandum
and this Agreement do not contain any untrue statement of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein not misleading. Without limiting the generality of the foregoing, there has
been no material adverse change in the financial condition, results of operations, business, properties, assets, liabilities, or,
to the knowledge of the Company, future prospects of the Company from the information set forth in the Private Placement Memorandum.

 

    	 	3	 

     

    

 

4.2.The Purchaser hereby represents
and warrants to, and agrees with, the Company as follows:

 

(a) The Purchaser is an “accredited
investor” as that term is defined in Rule 501 (a) of Regulation D promulgated under the Securities Act, and as specifically
indicated in Exhibit I attached to this Agreement.

 

(b) The Purchaser is a “sophisticated
investor” as that term is defined in Rule 506(b)(2)(ii) of Regulation D promulgated under the Securities Act.

 

(c) For California and Massachusetts
individuals: If the subscriber is a California resident, such subscriber’s investment in the Company will not exceed 10%
of such subscriber’s net worth (or joint net worth with his or her spouse). If the subscriber is a Massachusetts resident,
such subscriber’s investment in the Company will not exceed 25% of such subscriber’s joint net worth with such subscriber’s
spouse (exclusive of principal residence and its furnishings).

 

(d) If a natural person, the
Purchaser is a bona fide resident of the state or non-United States jurisdiction contained in the address set forth on the Signature
Page of this Agreement as the Purchaser’s home address, at least 21 years of age, and legally competent to execute this Agreement.
If an entity, the Purchaser has its principal offices or principal place of business in the state or non-United States jurisdiction
contained in the address set forth on the Signature Page of this Agreement, the individual signing on behalf of the Purchaser is
duly authorized to execute this Agreement and this Agreement constitutes the legal, valid and binding obligation of the Purchaser
enforceable against the Purchaser in accordance with its terms.

 

(e) The Purchaser has received,
read carefully and is familiar with this Agreement and the Private Placement Memorandum.

 

(f) The Purchaser is familiar
with the Company’s business, plans and financial condition, the terms of the Offering and any other matters relating to the
Offering, the Purchaser has received all materials which have been requested by the Purchaser, has had a reasonable opportunity
to ask questions of the Company and its representatives, and the Company has answered all inquiries that the Purchaser or the Purchaser’s
representatives have put to it. The Purchaser has had access to all additional information necessary to verify the accuracy of
the information set forth in this Agreement and the Private Placement Memorandum and any other materials furnished herewith, and
have taken all the steps necessary to evaluate the merits and risks of an investment as proposed hereunder.

 

(g) The Purchaser (or the Purchaser’s
representative) has such knowledge and experience in finance, securities, taxation, investments and other business matters so as
to be able to protect the interests of the Purchaser in connection with this transaction, and the Purchaser’s investment
in the Company hereunder is not material when compared to the Purchaser’s total financial capacity.

 

    	 	4	 

     

    

 

(h) The Purchaser understands
the various risks of an investment in the Company as proposed herein and can afford to bear such risks, including, without limitation,
the risks of losing the entire investment.

 

(i) The Purchaser acknowledges
that no market presently exists for the Shares and Warrant Shares and none may develop in the future and that the Purchaser may
find it impossible to liquidate the investment at a time when it may be desirable to do so, or at any other time.

 

(j) The Purchaser has been advised
by the Company that none of the Shares, Warrants and Warrant Shares have been registered under the Securities Act, that the Shares,
Warrants and Warrant Shares will be issued on the basis of the statutory exemption provided by Rule 506 of the Securities Act or
Regulation D promulgated thereunder, or both, relating to transactions by an issuer not involving any public offering and under
similar exemptions under certain state securities laws; that this transaction has not been reviewed by, passed on or submitted
to any federal or state agency or self-regulatory organization where an exemption is being relied upon; and that the Company’s
reliance thereon is based in part upon the representations made by the Purchaser in this Agreement.

 

(k) The Purchaser acknowledges
that the Purchaser has been informed by the Company of or is otherwise familiar with, the nature of the limitations imposed by
the Securities Act and the rules and regulations thereunder on the transfer of the Shares and Warrants. In particular, the Purchaser
agrees that no sale, assignment or transfer of any of the Shares and Warrants shall be valid or effective, and the Company shall
not be required to give any effect to such a sale, assignment or transfer, unless (i) the sale, assignment or transfer of such
Shares and Warrants is registered under the Securities Act, or (ii) such Shares and Warrants are sold, assigned or transferred
in accordance with all the requirements and limitations of Rule 144 under the Securities Act (it being understood that Rule 144
is not available at the present time for the sale of the Shares and Warrants), or (iii) such sale, assignment or transfer is otherwise
exempt from registration under the Securities Act, including Regulation S promulgated thereunder. The Purchaser further understands
that an opinion of counsel and other documents may be required to transfer the Shares and Warrants.

 

(l) The Purchaser acknowledges
that the Shares and Warrants shall be subject to a stop transfer order and the certificate or certificates evidencing any Shares
and Warrants shall bear the following or a substantially similar legend as may be required by state blue sky laws:

 

    	 	5	 

     

    

 

THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE "ACT") OR. APPLICABLE
STATE SECURITIES LAWS, AND SUCH SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH SALE
OR TRANSFER IS EXEMPT FROM SUCH REGISTRATION REQUIREMENTS OF THE ACT AND APPLICABLE STATE SECURITIES LAWS.

 

(m) The Purchaser will acquire
the Units for the Purchaser’s own account (or for the joint account of the Purchaser and the Purchaser’s spouse either
in joint tenancy, tenancy by the entirety or tenancy in common) for investment and not with a view to the sale or distribution
thereof or the granting of any participation therein, and has no present intention of distributing or selling to others any of
such interest or granting any participation therein.

 

(n) No representation, guarantee
or warranty has been made to the Purchaser by any broker, the Company, any of the officers, directors, stockholders, partners,
employees or agents of either of them, or any other persons, whether expressly or by implication, that:

 

(I) the Company or the Purchaser
will realize any given percentage of profits and/or amount or type of consideration, profit or loss as a result of the Company’s
activities or the Purchaser’s investment in the Company; or

 

(II) the past performance or experience
of the management of the Company, or of any other person, will in any way indicate the predictable results of the ownership of
the Shares or of the Company's activities.

 

(o) No oral or written representations
have been made other than as stated in the Private Placement Memorandum, and no oral or written information furnished to the Purchaser
or the Purchaser’s advisor(s) in connection with the Offering were in any way inconsistent with the information stated in
the Private Placement Memorandum.

 

(p) The Purchaser is not subscribing
for the Units as a result of or subsequent to any advertisement, article, notice or other communication published in any newspaper,
magazine or similar media or broadcast over television or radio, or presented at any seminar or meeting, or any solicitation of
a subscription by a person other than a representative of the Company with which the Purchaser had a pre-existing relationship
in connection with investments in securities generally.

 

(q) The Purchaser is not relying
on the Company with respect to the tax and other economic considerations of an investment.

 

(r) The Purchaser understands
that the net proceeds from all subscriptions paid and accepted pursuant to the Offering (after deduction for commissions, discounts
and expenses of the Offering) will be used in all material respects for the purposes set forth in the Private Placement Memorandum.

 

(s) Without limiting any of the
Purchaser’s other representations and warranties hereunder, the Purchaser acknowledges that the Purchaser has reviewed and
is aware of the risk factors described in the Private Placement Memorandum.

 

    	 	6	 

     

    

 

(t) The Purchaser acknowledges
that the representations, warranties and agreements made by the Purchaser herein shall survive the execution and delivery of this
Agreement and the purchase of the Units.

 

(u) The Purchaser has consulted
his own financial, legal and tax advisors with respect to the economic, legal and tax consequences of an investment in the Units
and has not relied on the Private Placement Memorandum or the Company, its officers, directors or professional advisors for advice
as to such consequences.

 

		5.	Indemnification.

 

The Purchaser understands
the meaning and legal consequences of the representations and warranties contained in Section 4.2, and agrees to indemnify and
hold harmless the Company and each member, officer, employee, agent or representative thereof against any and all loss, damage
or liability due to or arising out of a breach of any representation or warranty, or breach or failure to comply with any covenant,
of the Purchaser, whether contained in the Private Placement Memorandum or this Agreement. Notwithstanding any of the representations,
warranties, acknowledgments or agreements made herein by the Purchaser, the Purchaser does not thereby or in any other manner waive
any rights granted to the Purchaser under federal or state securities laws.

 

		6.	Provisions of Certain State Laws.

 

IN MAKING AN INVESTMENT DECISION,
INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED.
THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE,
THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE. 

 

THESE SECURITIES ARE SUBJECT
TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED, AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD
BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.

 

THE SECURITIES HAVE NOT BEEN
REGISTERED UNDER THE NEW YORK UNIFORM SECURITIES ACT AND, THEREFORE, CANNOT BE RESOLD UNLESS THEY ARE REGISTERED UNDER THE ACT
OR UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE.

 

    	 	7	 

     

    

 

		7.	Additional Information.

 

The Purchaser hereby
acknowledges and agrees that the Company may make or cause to be made such further inquiry and obtain such additional information
as they may deem appropriate, with regard to the suitability of the Purchaser.

 

		8.	Irrevocability; Binding Effect.

 

The Purchaser hereby
acknowledges and agrees that the subscription hereunder is irrevocable, that the Purchaser is not entitled to cancel, terminate
or revoke this Agreement or any agreements of the Purchaser thereunder, and that this Agreement and such other agreements shall
survive the death or disability of the Purchaser and shall be binding upon and inure to the benefit of the parties and their heirs,
executors, administrators, successors, legal representatives and assigns. If the Purchaser is more than one person, the obligations
of the Purchaser hereunder shall be joint and several and the agreements, representations, warranties and acknowledgments herein
contained shall be deemed to be made by and be binding upon each such person and his heirs, executors, legal representatives and
assigns.

 

		9.	Modification.

 

Neither this Subscription
Agreement nor any provisions hereof shall be waived, modified, discharged or terminated except by an instrument in writing signed
by the party against whom any such waiver, modification, discharge or termination is sought.

 

		10.	Notices.

 

Any notice, demand
or other communication which any party hereto may be required, or may elect, to give to any other party hereunder shall be sufficiently
given if (a) deposited, postage prepaid, in a United States mail box, stamped registered or certified mail, return receipt requested,
addressed to such address as may be listed on the books of the Company, or (b) delivered personally at such address.

 

		11.	Counterparts.

 

This Agreement may
be executed through the use of separate signature pages or in any number of counterparts, and each such counterpart shall, for
all purposes, constitute one agreement binding on all parties, notwithstanding that all parties are not signatories to the same
counterpart.

 

		12.	Entire Agreement.

 

This Agreement contains
the entire agreement of the parties with respect to the subject matter hereof and there are no representations, covenants or other
agreements except as stated or referred to herein.

 

		13.	Severability.

 

Each provision of this
Agreement is intended to be severable from every other provision, and the invalidity or illegality of any portion hereof shall
not affect the validity or legality of the remainder hereof.

 

    	 	8	 

     

    

 

		14.	Assignability.

 

This Agreement is not
transferable or assignable by the Purchaser.

 

		15.	Applicable Law.

 

This Agreement shall
be governed by and construed in accordance with the laws of the State of New York, without regard to conflict of laws principles,
as applied to residents of that State executing contracts wholly to be performed in that State.

 

		16.	Choice of Jurisdiction.

 

The parties agree that
any action or proceeding arising, directly, indirectly or otherwise, in connection with, out of or from this Subscription Agreement,
any breach hereof or any transaction covered hereby shall be resolved within the County, City and State of New York. Accordingly,
the parties consent and submit to the jurisdiction of the United States federal and state courts located within the County, City
and State of New York.

 

[Signature Pages Follow]

 

    	 	9	 

     

    

 

SUBSCRIPTION AGREEMENT

SIGNATURE PAGE

 

By executing this Signature
Page, the Purchaser hereby executes, adopts and agrees to all terms, conditions and representations of this Subscription Agreement
and acknowledges all requirements are met by the purchaser to purchase Units in the Company.

 

	Number of Units Subscribed at $.75 per Unit:  	

 

	Aggregate Purchase Price: $	

 

	Type of ownership:	    	  Individual

		    	  Joint Tenants

		    	  Tenants by the Entirety

		    	  Tenants in Common

		    	  Subscribing as Corporation or Partnership

		    	  Other

 

IN WITNESS WHEREOF,
the Purchaser has executed this Signature

 

Page this __________  day of __________________________  ,
2014.

 

		 	
	Exact Name
    in which Shares are to	 	Exact Name
    in which Shares are to
	be Registered	 	be Registered
	 	 	 
	 	 	 
	Signature	 	Signature
	 	 	 
	 	 	 
	Print Name	 	Print Name
	 	 	 
	 	 	 
	Tax Identification Number:	 	Tax Identification Number
	 	 	 
	 	 	 
	 	 	 
	Mailing Address	 	Mailing Address
	 	 	 
	 	 	 
	Residence Phone Number	 	Residence Phone Number
	 	 	 
	 	 	 
	Work Phone Number	 	Work Phone Number
	 	 	 
	 	 	 
	E-Mail Address	 	E-Mail Address

 

     

     

    

 

ACCEPTANCE OF SUBSCRIPTION

 

 

HOMETOWN INTERNATIONAL, INC. hereby accepts the subscription
of ________________ Units as of the

 

____________day of _________________, 2014.

 

 

HOMETOWN INTERNATIONAL, INC.

 

By: ____________________________________

 

	Name:	 	Christine
    T. Lindenmuth	 
	 	 	 	 
	Title:	 	Vice President and
    Director	 

 

     

     

    

 

Exhibit I to Subscription Agreement

 

DEFINITION OF “ACCREDITED INVESTOR”

WITHIN THE MEANING OF REGULATION D

 

“Accredited investor”
means any person who comes within any of the following categories, or whom the Company reasonably believes comes within any of
the following categories, at the time of the sale of the Units to that person:

 

(i) any bank as defined
in Section 3(a)(2) of the Securities Act or any savings and loan association or other institution as defined in Section 3(a)(5)(A)
of the Securities Act whether acting in its individual or fiduciary capacity; any broker dealer registered pursuant to Section
15 of the Exchange Act; any insurance company as defined in Section 2(13) of the Securities Act; any investment company registered
under the Investment Company Act of 1940 or a business development company as defined in Section 2(a)(48) of that act; any Small
Business Investment Company licensed by the U.S., Small Business Administration under Section 301 (c) or (d) of the Small Business
Investment Act of 1958; any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality
of a state or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000;
any employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, if the investment decision
is made by a plan fiduciary, as defined in Section 3(21) of such act, which is either a bank, savings and loan association, insurance
company, or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000, or, if a self-directed
plan, with investment decisions made solely by persons that are accredited investors;

 

(ii) any private business
development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940;

 

(iii) any organization
described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, or partnership,
not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000;

 

(iv) any of the directors
or executive officers of the Company;

 

(v)
any natural person whose individual net worth, or joint net worth with that person's spouse, at the time of investment in the Units,
exceeds $1,000,000, excluding the value of the primary residence of such person;

 

(vi) any natural person
who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse
in excess of $300,000 in each of those years and has a reasonable expectation of reaching that same income level in the current
year;

 

(vii) any trust with
total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Units, whose purchase is directed by
a sophisticated person as described in Rule 506(b)(2)(ii) of Regulation D; or

 

(viii) any entity in
which all of the equity owners are accredited investors.

 

     

     

    

 

Exhibit II to Subscription Agreement

 

PURCHASER QUESTIONNAIRE FOR INDIVIDUALS

 

Purpose of this Questionnaire.

 

Units consisting of
one share of common stock and one warrant to purchase one additional Share of Hometown International, Inc., a Nevada corporation
(the “Company”), are being offered without registration under the Securities Act of 1933, as amended (the “Securities
Act”), or the securities laws of certain states, in reliance on the private offering exemption contained in Rule 506 of the
Securities Act and on Regulation D of the Securities and Exchange Commission thereunder (“Regulation D”), and in reliance
on similar exemptions under certain applicable state laws. The purpose of this Purchaser Questionnaire is to assure the Company
that the proposed purchaser meets the standards imposed for the application of such exemptions including, but not limited to, whether
the proposed purchaser qualifies as an “accredited investor” as defined in Rule 501 under the Act or a “sophisticated
investor” as defined in Rule 506 under the Act. Your answers will at all times be kept strictly confidential. However, by
signing this Purchaser Questionnaire you agree that the Company may present this Purchaser Questionnaire to such parties as the
Company may deem appropriate if called upon under the law to establish the availability of any exemption from registration of the
private placement or if the contents hereof are relevant to any issue in any action, suit or proceeding to which the Company is
a party or by which it may be bound. The Purchaser realizes that this Purchaser Questionnaire does not constitute an offer by the
Company to sell Units but is a request for information.

 

THE COMPANY WILL NOT OFFER OR SELL UNITS
TO ANY INDIVIDUAL WHO HAS NOT FILLED OUT, AS THOROUGHLY AS POSSIBLE, A PROSPECTIVE PURCHASER QUESTIONNAIRE.

 

Instructions:

 

One (1) copy of this Questionnaire should be completed, signed,
dated and delivered to:

 

Hometown International, Inc.

25 E. Grant Street

Woodstown, NJ 08098

 

Please contact Christine T. Lindenmuth, Vice President, if you
have any questions with respect to the Questionnaire at (856) 759-9034.

 

PLEASE ANSWER ALL QUESTIONS. If the appropriate answer
is “None” or “Not Applicable,” so state. Please print or type your answers to all questions. Attach additional
sheets if necessary to complete your answers to any item.

 

		I.	General Information:

 

Name: ________________________________

Date of Birth: ______________________________

	Residence Address:	 	

	Business Address:	 	

	Home Telephone No.:	 	

	Business Telephone No:	 	

	E-mail Address:	 	

Preferred Mailing Address: ________ Businessor _________Home
(check one)

	Social Security Number:	 	

	Marital Status:	 	

 

     

     

    

 

		II.	Financial Condition:

 

1.          Did your individual annual income during each of 2012
and 2013 exceed $200,000 and do you reasonably expect your individual annual income during 2014 to exceed $200,000?

Yes _______      No _______

 

2.          Did
your joint (with spouse) annual income during each of 2012 and 2013 exceed $300,000 and do you reasonably expect your joint annual
income during 2014 to exceed $300,000? 

Yes _______      No _______

 

3.          Does your individual or
joint net worth exceed $1,000,000, excluding the value of your primary residence?

Yes _______     No _______

 

By signing this Questionnaire I hereby confirm the following
statements:

 

(a) I am aware that the offering of Units
will involve securities that are not transferable and for which no market exists, thereby requiring my investment to be maintained
for an indefinite period of time.

 

(b) I acknowledge that any delivery to me
of the Private Placement Memorandum relating to the Units prior to the determination by the Company of my suitability as an investor,
shall not constitute an offer of such Units until such determination of suitability shall be made, and I agree that I shall promptly
return the Private Placement Memorandum to the Company upon request.

 

(c) My answers to the foregoing questions are, and were
on any date (if any) that I previously subscribed for Units in the Company, true and complete to the best of my information and
belief and were true on any date that I previously as of, and I will promptly notify the Company of any changes in the information
I have provided.

 

Executed:

 

Date:________________ _______________________________________________

(Printed Name)

 

Place: ____________________________________

 

_________________________________________

(Signature)

_________________________________________

(Printed Name of Joint Subscriber)

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