Document:

Uniontown Energy Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

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

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

PRIVATE PLACEMENT SUBSCRIPTION 

  FOR NON U.S. SUBSCRIBERS 

UNIONTOWN ENERGY INC. 

PRIVATE PLACEMENT 

INSTRUCTIONS TO SUBSCRIBER: 

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

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

	 	 
	3. 	
      FAX a copy of page 2 of this Subscription
      Agreement, and all pages of the Company.

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

2

UNIONTOWN ENERGY INC. 

  PRIVATE PLACEMENT 

The Subscriber hereby irrevocably subscribes for, and on
Closing will purchase from the Company, the following securities at a price of
US$2.50 per Share 

	
      ___________________Shares 

       

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

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

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

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

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

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

3

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

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

PRIVATE PLACEMENT SUBSCRIPTION 

  (Non U.S. Subscribers Only) 

TO:      UNIONTOWN ENERGY
INC. (the “Company”) 

Purchase of Shares

1.                    
SUBSCRIPTION 

1.1                  
The undersigned (the "Subscriber") hereby irrevocably subscribes for and agrees
to purchase the number of shares of the Company's common stock (the "Shares") as
set out on page 2 of this Subscription Agreement at a price of US$2.50 per Share
(such subscription and agreement to purchase being the "Subscription"), for the
total subscription price as set out on page 2 of this Subscription Agreement
(the "Subscription Proceeds"), which Subscription Proceeds are tendered
herewith, on the basis of the representations and warranties and subject to the
terms and conditions set forth herein. The Shares are referred to as the
“Securities”. 

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

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

2.                    
PAYMENT 

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

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

4

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

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

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

3.                    
CLOSING 

3.1                   Closing
of the purchase and sale of the Shares shall occur on or before _____________,
2011, or on such other date as may be determined by the Company in its sole
discretion (the "Closing Date"). The Subscriber acknowledges that Shares may be
issued to other subscribers under this offering (the "Offering") before or after
the Closing Date. The Company, may, at its discretion, elect to close the
Offering in one or more closings, in which event the Company may agree with one
or more subscribers (including the Subscriber hereunder) to complete delivery of
the Shares to such subscriber(s) against payment therefore at any time on or
prior to the Closing Date. 

4.                    
ACKNOWLEDGEMENTS OF SUBSCRIBER 

4.1                   The
Subscriber acknowledges and agrees that: 

	 	(a) 	
      none of the Securities have been registered under the
      Securities Act of 1933, as amended (the "1933 Act"), or under any state
      securities or "blue sky" laws of any state of the United States, and are
      being offered only in a transaction not involving any public offering
      within the meaning of the 1933 Act, and, unless so registered, may not be
      offered or sold in the United States or to U.S. Persons (as defined
      herein), except pursuant to an effective registration statement under the
      1933 Act, or pursuant to an exemption from, or in a transaction not
      subject to, the registration requirements of the 1933 Act, and in each
      case only in accordance with applicable state and provincial securities
      laws;

	 	 	 
	 	(b) 	
      the Company will refuse to register any transfer of any
      of the Securities not made in accordance with the provisions of Regulation
      S, pursuant to an effective registration statement under the 1933 Act or
      pursuant to an available exemption from, or in a transaction not subject
      to, the registration requirements of the 1933 Act;

	 	 	 
	 	(c) 	
      by completing the Questionnaire, the Subscriber is
      representing and warranting that the Subscriber satisfies one of the
      categories of registration and prospectus exemptions provided for in
      National Instrument 45-106 ("NI 45-106") adopted by the Canadian
      Securities Administrators (the "CSA");

	 	 	 
	 	(d) 	
      the decision to execute this Subscription Agreement and
      purchase the Shares agreed to be purchased hereunder has not been based
      upon any oral or written representation as to fact or otherwise made by or
      on behalf of the Company and such decision is based solely upon a review
      of publicly available information regarding the Company available on the
      website of the United States Securities and Exchange Commission (the
      "SEC") available at www.sec.gov (the "Company Information");

	 	 	 
	 	(e) 	
      the Subscriber and the Subscriber's advisor(s) have had a
      reasonable opportunity to review the Company Information and to ask
      questions of and receive answers from the Company regarding the Offering,
      and to obtain additional information, to the extent possessed or
      obtainable without unreasonable effort or expense, necessary to verify the
      accuracy of the information contained in the Company Information, or any
      other document provided to the Subscriber;

5

	 	(f) 	
      the books and records of the Company were available upon
      reasonable notice for inspection, subject to certain confidentiality
      restrictions, by the Subscriber during reasonable business hours at its
      principal place of business and that all documents, records and books
      pertaining to this Offering have been made available for inspection by the
      Subscriber, the Subscriber's attorney and/or advisor(s);

	 	 	 	 
	 	(g) 	
      by execution hereof the Subscriber has waived the need
      for the Company to communicate its acceptance of the purchase of the
      Shares pursuant to this Subscription Agreement;

	 	 	 	 
	 	(h) 	
      the Company is entitled to rely on the representations
      and warranties and the statements and answers of the Subscriber contained
      in this Subscription Agreement and the Questionnaire and the Subscriber
      will hold harmless the Company from any loss or damage it may suffer as a
      result of the Subscriber's failure to correctly complete this Subscription
      Agreement and the Questionnaire;

	 	 	 	 
	 	(i) 	
      the Subscriber will indemnify and hold harmless the
      Company and, where applicable, its respective directors, officers,
      employees, agents, advisors and shareholders from and against any and all
      loss, liability, claim, damage and expense whatsoever (including, but not
      limited to, any and all fees, costs and expenses whatsoever reasonably
      incurred in investigating, preparing or defending against any claim,
      lawsuit, administrative proceeding or investigation whether commenced or
      threatened) arising out of or based upon any acknowledgment,
      representation or warranty of the Subscriber contained herein, the
      Questionnaire or in any other document furnished by the Subscriber to the
      Company in connection herewith, being untrue in any material respect or
      any breach or failure by the Subscriber to comply with any covenant or
      agreement made by the Subscriber to the Company in connection
      therewith;

	 	 	 	 
	 	(j) 	
      the issuance and sale of the Shares to the Subscriber
      will not be completed if it would be unlawful or if, in the discretion of
      the Company acting reasonably, it is not in the best interests of the
      Company;

	 	 	 	 
	 	(k) 	
      the Subscriber has been advised to consult the
      Subscriber’s own legal, tax and other advisors with respect to the merits
      and risks of an investment in the Securities and with respect to the
      applicable resale restrictions, and it is solely responsible (and the
      Company is not in any way responsible) for compliance with:

	 	 	 	 
	 		(i) 	
      any applicable laws of the jurisdiction in which the
      Subscriber is resident in connection with the distribution of the
      Securities hereunder, and

	 	 	 	 
	 		(ii) 	
      applicable resale restrictions;

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

	 	 	 	 
	 	(m) 	
      the Subscriber is outside the United States when
      receiving and executing this Subscription Agreement and is acquiring the
      Shares as principal for its own account, for investment purposes only, and
      not with a view to, or for, resale, distribution or fractionalization
      thereof, in whole or in part, and no other person has a direct or indirect
      beneficial interest in such Shares;

6

	 	(n) 	
      the statutory and regulatory basis for the exemption
      claimed for the offer and sale of the Shares, although in technical
      compliance with Regulation S, would not be available if the offering is
      part of a plan or scheme to evade the registration provisions of the 1933
      Act;

	 	 	 
	 	(o) 	
      the Company has advised the Subscriber that, if the
      Subscriber is a Canadian resident, the Company is relying on an exemption
      from the requirements to provide the Subscriber with a prospectus and to
      sell the Shares through a person registered to sell securities and, as a
      consequence of acquiring the Shares pursuant to this exemption, certain
      protections, rights and remedies provided, including statutory rights of
      rescission or damages, will not be available to the Subscriber;

	 	 	 
	 	(p) 	
      none of the Securities are listed on any stock exchange
      or automated dealer quotation system and no representation has been made
      to the Subscriber that any of the Securities will become listed on any
      stock exchange or automated dealer quotation system;

	 	 	 
	 	(q) 	
      neither the SEC nor any other securities commission or
      similar regulatory authority has reviewed or passed on the merits of any
      of the Securities;

	 	 	 
	 	(r) 	
      no documents in connection with this Offering have been
      reviewed by the SEC or any state securities administrators;

	 	 	 
	 	(s) 	
      there is no government or other insurance covering any of
      the Securities; and

	 	 	 
	 	(t) 	
      this Subscription Agreement is not enforceable by the
      Subscriber unless it has been accepted by the Company, and the Subscriber
      acknowledges and agrees that the Company reserves the right to reject any
      subscription for any reason.

5.             
        REPRESENTATIONS,
WARRANTIES AND COVENANTS OF THE SUBSCRIBER 

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

	 	(a) 	
      the Subscriber is not a U.S. Person (as defined
      herein);

	 	 	 
	 	(b) 	
      the Subscriber is not acquiring the Shares for the
      account or benefit of, directly or indirectly, any U.S. Person (as defined
      herein);

	 	 	 
	 	(c) 	
      the Subscriber is resident in the jurisdiction set out on
      page 2 of this Subscription Agreement;

	 	 	 
	 	(d) 	
      the Subscriber:

	 	(i) 	
      is knowledgeable of, or has been independently advised as
      to, the applicable securities laws of the securities regulators having
      application in the jurisdiction in which the Subscriber is resident (the
      “International Jurisdiction”) which would apply to the acquisition of the
      Shares,

	 	 	 
	 	(ii) 	
      is purchasing the Shares pursuant to exemptions from
      prospectus or equivalent requirements under applicable securities laws or,
      if such is not applicable, the Subscriber is permitted to purchase the
      Shares under the applicable securities laws of the securities regulators
      in the International Jurisdiction without the need to rely on any
      exemptions,

	 	 	 
	 	(iii) 	
      acknowledges that the applicable securities laws of the
      authorities in the International Jurisdiction do not require the Company
      to make any filings or seek any approvals of any kind whatsoever from any
      securities regulator of any kind whatsoever in the International
      Jurisdiction in connection with the issue and sale or resale of any of the
      Securities, and

7

	 	(iv) 	
      represents and warrants that the acquisition of the
      Shares by the Subscriber does not trigger:

	 	 	 	 
	 		A. 	
      any obligation to prepare and file a prospectus or
      similar document, or any other report with respect to such purchase in the
      International Jurisdiction, or

	 	 	 	 
	 		B. 	
      any continuous disclosure reporting obligation of the
      Company in the International Jurisdiction, and

	 	 	 	 
	 			
      the Subscriber will, if requested by the Company, deliver
      to the Company a certificate or opinion of local counsel from the
      International Jurisdiction which will confirm the matters referred to in
      subparagraphs (ii), (iii) and (iv) above to the satisfaction of the
      Company, acting reasonably;

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

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

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

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

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

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

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

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

	 	 	 
	 	(m) 	
      the Subscriber (i) has adequate net worth and means of
      providing for its current financial needs and possible personal
      contingencies, (ii) has no need for liquidity in this investment, and
      (iii) is able to bear the economic risks of an investment in the
      Securities for an indefinite period of time, and can afford the complete
      loss of such investment;

8

	 	(n) 	
      the Subscriber has the requisite knowledge and experience
      in financial and business matters as to be capable of evaluating the
      merits and risks of the investment in the Securities and the Company, and
      the Subscriber is providing evidence of knowledge and experience in these
      matters through the information requested in the Questionnaire;

	 	 	 	 
	 	(o) 	
      the Subscriber understands and agrees that the Company
      and others will rely upon the truth and accuracy of the acknowledgements,
      representations, warranties, covenants and agreements contained in this
      Subscription Agreement and the Questionnaire, and agrees that if any of
      such acknowledgements, representations and agreements are no longer
      accurate or have been breached, the Subscriber shall promptly notify the
      Company;

	 	 	 	 
	 	(p) 	
      the Subscriber is aware that an investment in the Company
      is speculative and involves certain risks, including the possible loss of
      the investment;

	 	 	 	 
	 	(q) 	
      the Subscriber is purchasing the Shares for its own
      account for investment purposes only and not for the account of any other
      person and not for distribution, assignment or resale to others, and no
      other person has a direct or indirect beneficial interest is such Shares,
      and the Subscriber has not subdivided his interest in the Shares with any
      other person;

	 	 	 	 
	 	(r) 	
      the Subscriber is not an underwriter of, or dealer in,
      the shares of the Company's common stock, nor is the Subscriber
      participating, pursuant to a contractual agreement or otherwise, in the
      distribution of the Shares;

	 	 	 	 
	 	(s) 	
      the Subscriber has made an independent examination and
      investigation of an investment in the Securities and the Company and has
      depended on the advice of its legal and financial advisors and agrees that
      the Company will not be responsible in anyway whatsoever for the
      Subscriber's decision to invest in the Securities and the
  Company;

	 	 	 	 
	 	(t) 	
      if the Subscriber is acquiring the Shares as a fiduciary
      or agent for one or more investor accounts, the Subscriber has sole
      investment discretion with respect to each such account, and the
      Subscriber has full power to make the foregoing acknowledgements,
      representations and agreements on behalf of such account;

	 	 	 	 
	 	(u) 	
      the Subscriber is not aware of any advertisement of any
      of the Shares and is not acquiring the Shares as a result of any form of
      general solicitation or general advertising including advertisements,
      articles, notices or other communications published in any newspaper,
      magazine or similar media or broadcast over radio or television, or any
      seminar or meeting whose attendees have been invited by general
      solicitation or general advertising;

	 	 	 	 
	 	(v) 	
      no person has made to the Subscriber any written or oral
      representations:

	 	 	 	 
	 		(i) 	
      that any person will resell or repurchase any of the
      Securities,

	 	 	 	 
	 		(ii) 	
      that any person will refund the purchase price of any of
      the Securities,

	 	 	 	 
	 		(iii) 	
      as to the future price or value of any of the Securities,
      or

	 	 	 	 
	 		(iv) 	
      that any of the Securities will be listed and posted for
      trading on any stock exchange or automated dealer quotation system or that
      application has been made to list and post any of the Securities of the
      Company on any stock exchange or automated dealer quotation system;
    and

	 	 	 	 
	 	(w) 	
      the Subscriber acknowledges and agrees that the Company
      shall not consider the Subscriber's Subscription for acceptance unless the
      undersigned provides to the Company, along with an executed copy of this
      Subscription Agreement:

9

	 	(i) 	
      if resident in Canada, a fully completed and executed
      Questionnaire in the form attached hereto as Schedule A, and

	 	 	 
	 	(ii) 	
      such other supporting documentation that the Company or
      its legal counsel may request to establish the Subscriber's qualification
      as a qualified investor.

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

6.                   
 ACKNOWLEDGEMENT AND WAIVER 

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

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

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

8.                   
 RESALE RESTRICTIONS 

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

9.                   
 LEGENDING AND REGISTRATION OF SUBJECT SECURITIES

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

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

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

        

      

    

  

10

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

10.                   COLLECTION
OF PERSONAL INFORMATION 

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

11.                  
COSTS 

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

12.                   GOVERNING
LAW 

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

13.                  
SURVIVAL 

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

14.                   ASSIGNMENT

14.1                 This
Subscription Agreement is not transferable or assignable. 

11

15.                   SEVERABILITY

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

16.                  
ENTIRE AGREEMENT 

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

17.                  
NOTICES 

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

18.                   COUNTERPARTS
AND ELECTRONIC MEANS 

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

SCHEDULE A 

CANADIAN QUESTIONNAIRE 

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

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

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

	 	1. 	
      the Subscriber has such knowledge and experience in
      financial and business matters as to be capable of evaluating the merits
      and risks of the transactions detailed in the Subscription Agreement and
      the Subscriber is able to bear the economic risk of loss arising from such
      transactions;

	 	 	 
	 	2. 	
      the Subscriber is (tick one or more of the following
      boxes):

	 	(A) 	
      a director, executive officer, employee or control person
      of the Company or an affiliate of the Company
	[ ]
	 	 	 	 
	 	(B) 	
      a spouse, parent, grandparent, brother, sister or child
      of a director, executive officer, founder or control person of the Company
      or an affiliate of the Company
	 [ ]
	 	 	 	 
	 	(C) 	
      a parent, grandparent, brother, sister or child of the
      spouse of a director, executive officer, founder or control person of the
      Company or an affiliate of the Company
	 [ ]
	 	 	 	 
	 	(D) 	
      a close personal friend of a director, executive officer,
      founder or control person of the Company
	 [ ]
	 	 	 	 
	 	(E) 	
      a close business associate of a director, executive
      officer, founder or control person of the Company or an affiliate of the
      Company
	 [ ]
	 	 	 	 
	 	(F) 	
      an accredited investor
	 [ ]
	 	 	 	 
	 	(G) 	
      a company, partnership or other entity of which a
      majority of the voting securities are beneficially owned by, or a majority
      of the directors are, persons described in paragraphs A to F
	 [ ]
	 	 	 	 
	 	(H) 	
      a trust or estate of which all of the beneficiaries or a
      majority of the trustees or executors are persons described in paragraphs
      A to F
	 [ ]
	 	 	 	 
	 	(I) 	
      purchasing as principal Securities with an aggregate
      acquisition cost of not less than CDN$150,000
	 [ ]

- 2 - 

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

	 		
       

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

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

	 	(A) 	
      a founder of the Company
	[ ]

	 	 	 	

	 	(B) 	
      an affiliate of a founder of the Company
	[ ]

	 	 	 	

	 	(C) 	
      a spouse, parent, brother, sister, grandparent or child
      of a director, executive officer or founder of the Company
	[ ]

	 	 	 	

	 	(D) 	
      a person that is a control person of the
Company
	[ ]

	 	 	 	

	 	(E) 	
      an accredited investor
	[ ]

	 	 	 	

	 	(F) 	
      purchasing as principal Securities with an aggregate
      acquisition cost of not less than CDN$150,000
	[ ]

	 	5. 	
      if the Subscriber has checked box A, B, C or D in Section
      4 above, the director, executive officer,founder or control person of the
      Company with whom the undersigned has the relationship is:

			
      

	 	 	 
	 		
      (Instructions to Subscriber: fill in the name of each
      director, executive officer, founder, affiliate and control person which
      you have the above-mentioned relationship with.)

	 	 	 
	 	6. 	
      if the Subscriber has ticked box F in Section 2 or box E
      in Section 4 above, the Subscriber satisfies one or more of the categories
      of "accredited investor" (as that term is defined in NI 45-106) indicated
      below (please check the appropriate box):

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

- 3 - 

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

- 4 - 

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

	 	  	
   

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

	 	  	
   

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

	 	  	
   

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

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

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

	If an Individual: 	 	If a Corporation, Partnership or Other Entity:
    
	 	 	 
	 	 	 
	Signature 	 	Print or Type Name of Entity 
	 	 	 
	 	 	 
	Print or Type Name 	 	Signature of Authorized Signatory 
	 	 	 
	 	 	 
	  	 	Type of EntityLake Victoria Mining Company, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

CONSULTING SERVICES AGREEMENT

THIS AGREEMENT is entered into this 26th
Day of April, 2011.

BETWEEN:

	 	LAKE VICTORIA MINING COMPANY, INC., a company    
	 	extra provincially incorporated pursuant to the laws of
      British 
	 	Columbia and having its business office situated at
      #810-675 West 
	 	Hastings Street, Vancouver, B.C. V6B 1N2 
	 	  
	 	(hereinafter referred to as the “Company”)

OF THE FIRST PART

AND:

	 	DAVID KALENUIK, having his business
      office situated at 2055 
	 	Queens Avenue, West Vancouver, B.C. V7V 2X8 
	 	  
	 	(hereinafter referred to as the “Consultant”)

OF THE SECOND PART

WHEREAS:

	A. 	
      In order to achieve its corporate and business objectives
      the Company desires to retain an experienced and knowledgeable
      management;

	 	 
	B. 	
      The Consultant is experienced and knowledgeable in
      business management;

	 	 
	C. 	
      The Company wishes to engage the Consultant and the
      Consultant has agreed to be engaged to provide such services to the
      Company in accordance with the terms and conditions of this
    Agreement;

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the premises and mutual covenants herein contained, the parties
hereto agree as follows:

1.        
ENGAGEMENT

1.1      The Company hereby engages
the Consultant to provide the services of corporate management, reporting to the
board of directors including without limiting the generality of the foregoing,
hiring other managers and employees as required, finding new projects and
assisting in financing requirements. The Consultant hereby accepts such
engagement, all pursuant to the terms and conditions of this Agreement. The
Consultant shall provide the services subject to the ultimate direction and
control of the Company, as expressed through its board of directors or any
officer or director that the Company’s board of directors may delegate such
responsibility to.

1.2      Any information provided by
the Company shall (a) clearly disclose that the Company or a person authorized
by the Company (the “Authorized Person”) is the source of such information; and
(b) be approved in advance by the authorized person in writing, prior to
dissemination; and (c) clearly and conspicuously disclose that the record is
issued by or on behalf of the Company.

1.3      The Consultant is aware and
acknowledges that all of its activities must be conducted in compliance with
applicable law and the rules of the securities commissions governing the affairs
of the Company and the public exchange(s) which list the Company’s securities
for trading. 

2.        
RESTRICTIONS

2.1      The Company acknowledges that
the Consultant is not registered as either a registered representative, nor
broker dealer, nor adviser under the British Columbia Securities Act and its
regulations and policies (the “Act”), and that the Services to be performed by
the Consultant shall not include the offering or sale on behalf of the Company,
any affiliate of the Company, or any other person, of any securities of the
Company. The Consultant shall not be required to perform any services enumerated
hereunder if, under the circumstances at the time such services would be
rendered, the performance of such services might reasonably be considered to
constitute participation, directly or indirectly, in any act in contravention of
the Act.; specifically . 

2.2      The Consultant shall not:

	 	(a) 	engage in any “investor relations
      activities”, unless as a director of the Company, as defined in the Act:
    
	 	  	  
	 	(b) 	disclose any previously
      undisclosed material information concerning the Company such that they
      could be considered a “tippor” under the insider trading provisions of
      applicable securities laws; 
	 	  	  
	 	(c) 	attend at any residence or
      telephone any residence for the purpose of trading in any security of the
      Company, contrary to applicable securities laws; 
	 	  	  
	 	(d) 	commit any act, advertisement,
      solicitation, conduct or negotiation for the purpose of the distribution
      or trading in any security of the Company, contrary to applicable
      securities laws; 
	 	  	  
	 	(e) 	commit any action to promote the
      trading in any security of the Company contrary to applicable securities
      laws; 
	 	  	  
	 	(f) 	engage in or profess to engage in
      the business of advising or recommending to others the investment and/or
      purchase or sale of any security of the Company or any 
other
      securities. The Consultant shall limit his response to such queries to
      directing the 
questioner to seek the advice of their registered
      representative, broker dealer or adviser;  

	 	(g) 	provide legal or investment
      advice to any person or for assuring or monitoring the qualification of
      the shares of the Company, or any other securities, as complying with any
      provisions, restrictions, or exemptions of federal, provincial, or state
      securities laws; 
	 	  	  
	 	(h) 	be responsible for verifying the
      accuracy of any information with respect to the Company and may disclaim
      responsibility for the accuracy of such information in any communication
      in the course of its duties hereunder 

2.3      The Consultant shall not,
directly or indirectly, use or disclose any Confidential Information, without
the prior written consent of the Company. “Confidential Information” means any
trade secrets or other information, in whatever form or media, in the possession
or control of the Company or its subsidiaries, which is owned by the Company or
its subsidiaries or a third party with whom the Company or its subsidiaries has
a business relationship, and which is not generally known to the public and has
been specifically identified as confidential or proprietary, or its nature is
such that it would generally be considered confidential in the industry in which
the Company and its subsidiaries operate, or which the Company or its
subsidiaries is obligated to treat as confidential or proprietary. The
Consultant agrees that all documents and other works created by the Consultant
during the term of this Agreement in connection with the Services are
Confidential Information and the property of the Company. Upon the termination
of this Agreement, the Consultant shall return to the Company or destroy all
Confidential Information.

2.4      Section 2.3 shall continue to
apply after the termination of this Agreement.

2.5      The restriction on disclosure
contained in Section 2.3 shall not extend to disclosure of Confidential
Information to the Company’s directors, officers, legal advisors or to
disclosure of Confidential Information required by law or by a regulatory
authority having jurisdiction over the Company.

3.        TERM

3.1      This Agreement will have a
term of two years expiring March 31, 2013 and may be renewed at the option of
the Company by giving 30 days written notice prior to the expiry of the initial
term (the “Term”). Any earlier unilateral termination of this agreement by the
Company shall require the immediately payout to the Consultant of the balance of
the monthly fees due to March 31, 2013.

3.2      It is an event of default
(“Event of Default”) if a party (the “Defaulting Party”) (the other party being
the “Non-Defaulting Party”):

	 	(a) 	
      commits a breach of any representation, warranty or
      covenant on the part of the Defaulting Party;

	 	 	 
	 	(b) 	
      becomes bankrupt, commits an act of bankruptcy, files for
      any form of bankruptcy or creditor protection, is adjudicated bankrupt,
      makes a proposal to its creditors, has a receiver or a receiver-manager of
      its assets appointed, or otherwise seeks any form of bankruptcy or
      creditor protection;

	 	(c) 	
      assigns or attempts to assign any of the rights or
      obligations granted hereunder without first obtaining the written consent
      of the other party; or

	 	 	 
	 	(d) 	
      fails to take reasonable action to prevent or defend any
      action or proceeding in relation to the seizure, execution or attachment
      of any of such Defaulting Party's assets.

3.3      Prior to the expiration of
the Term, this Agreement may be immediately terminated by the Non-Defaulting
Party at any time upon the occurrence of an Event of Default upon written notice
to the Defaulting Party setting forth:

	 	(a) 	
      the Event of Default; and

	 	 	 
	 	(b) 	
      the effective date of
termination.

3.4      If this Agreement is
terminated prior to completion of the Initial Term pursuant to 3.1 herein, the
parties shall settle out all payments due as at the date of termination as soon
as reasonable possible.

4.        COMPENSATION
TO THE CONSULTANT

4.1      In consideration for the
Services to be provided by the Consultant, the Company agrees to pay the
Consultant $10,000 Canadian per month plus applicable taxes commencing April 1,
2011.

4.2      Bonus and Stock Options:
Consultant will be eligible to be issued a bonus based on performance and,
additionally, to participate in any stock option or other equity compensation
plan adopted by Company during the term of this Agreement and applicable to
other employees at the Consultant’s level (the “Plan”). The number of options,
vesting schedule, exercise price, and all other terms and conditions of the
stock options shall be set forth in an option agreement pursuant to the
applicable plan and shall be commensurate with Consultant’s position, as
determined by the Committee of the Company’s Board of Directors charged with
administering the Plan, in its sole discretion. The Company may, consistent with
its obligations under such a plan or plans, amend or discontinue any or all
stock option plans at any time. Contingent upon Consultant executing this
Agreement and as part of the consideration for Consultant’s services and being
bound by the obligations set forth herein, the Company will grant the Consultant
upon the completion of twelve (12) months of the date hereof and annually on the
anniversary each and every year that follows, during the Consultant’s continuous
consulting, an option to purchase 500,000 shares of the Company’s restricted
common stock, which shall be subject to the terms and conditions set forth in
this the Stock Option Agreement(s) attached hereto as Exhibit A. Consultant
understands and acknowledges that such option cannot be exercised unless and
until the issuance of the option has been approved by the Company’s
stockholders.

4.3      The Company shall reimburse
the Consultant for all of the Consultant’s expenses and costs in carrying out
the terms of this Agreement, provided the Consultant provides invoices for same. Reimbursement to the Consultant shall be within three
business days of the Consultant’s submission of a record of expenses and costs
accompanied by invoices. 

5.         COMPANY
REPRESENTATIONS, WARRANTIES AND COVENANTS 

5.1       The Company represents
and warrants as follows, effective as of the date hereof and at all times
throughout the duration of this Agreement:

	 	(a) 	
      the Company is extra provincially incorporated under the
      laws of British Columbia and duly incorporated, organized and validly
      exists as a corporation in good standing under the laws of the State of
      Nevada and has the full corporate power and capacity to conduct its
      business and to enter into and perform all of its obligations under this
      Agreement;

	 	 	 
	 	(b) 	
      this Agreement has been duly authorized by all necessary
      corporate action and constitutes a valid and binding obligation of the
      Company, enforceable against it in accordance with its terms;

	 	 	 
	 	(c) 	
      all information provided and to be provided to the
      Consultant by the Company is and shall be complete and accurate in all
      material respects and does not and shall not omit to state any material
      fact necessary so that the statements made, in light of the circumstances
      under which they are made, are not or shall not be misleading;
  and

	 	 	 
	 	(d) 	
      to the best of the Company’s knowledge, there are no
      actions, proceedings, suits or investigations pending or threatened
      against or involving the Company or any of its affiliates, including,
      without limitation, actions, proceedings, suits or investigations by any
      United States or Canadian, federal, provincial, state, self regulatory
      organization, or other securities authority, relating in any way to the
      offering, sale, issuance or trading of any securities of the Company or
      any affiliate.

6.        SEVERABILITY

6.1      The Company and the
Consultant hereby expressly agree that it is not the intention of either party
to violate any public policy, statutory or common law, and that if any sentence,
paragraph, clause, or combination of the same is in violation of the law of any
jurisdiction where applicable, such sentence, paragraph, clause or combination
of the same alone shall be void in the jurisdiction where it is unlawful, and
the remainder of such paragraph and this Agreement shall remain binding upon the
parties hereto. The parties further acknowledge that it is their intention that
the provisions of this Agreement be binding only to the extent that they may be
lawful under existing applicable laws, and in the event that any provision of
this Agreement is determined by a court of law to be overly broad or
unenforceable, the valid provisions shall remain in full force and effect.

7.        
EXCLUSIVITY AND RELATIONSHIP

7.1      The Company acknowledges that
the covenants set forth in this Agreement shall not in any way preclude the
Consultant from engaging in a lawful profession, trade or business of any kind
or from becoming gainfully employed or retained, and furthermore, that during
the term of this Agreement, the Company agrees that the Consultant is not bound
exclusively to the Company, and may provide comparable services to other public
or private companies of the Consultant's choice.

7.2      The Company and the
Consultant acknowledge that this Agreement shall not be construed so as to grant
to the Consultant the power, authority or discretion to manage, or supervise the
management of, the affairs and business of the Company.

8.        
MISCELLANEOUS

8.1      This Agreement shall be
construed and enforced in accordance with the laws of the Province of British
Columbia. The parties hereto irrevocably consent to the exclusive jurisdiction
of the courts of the Province of British Columbia and hereby agree that any
disputes or claims arising hereunder may be brought before, and adjudicated by,
the courts of the Province of British Columbia, all objections to such venue in
such court being irrevocably waived hereby.

8.2      Any reference herein to an
“affiliate” of a person or company shall include any majority owned subsidiary
of such person or company, or any other person or company who controls, is
controlled by, or is under common control with, in each case directly or
indirectly, such person or company.

8.3      If an action is instituted in
any court relative to the collection or refund of any fee due to the Consultant
and, provided that the Consultant shall prevail in any such action, the Company
promises to pay all the Consultant's costs, expenses, and fees in said action or
appeal, including without limitation, reasonable attorneys fees.

8.4      Notice may be given to either
party by sending it through the post in prepaid mail or delivered to the party
for whom it is intended, at the principal address of such party provided herein
or at such other address as may be given in writing by such party to the other,
and any notice if posted shall be deemed to have been given at the expiration of
three business days after posting and if delivered, on delivery.

8.5      The effective date of this
Agreement shall be April 1, 2011.

8.6      This Agreement represents the
entire agreement of the parties hereto with respect to the subject matter hereof
and may not be modified, nor may any provisions hereof by waived, except in
writing, duly executed by each party potentially adversely affected by any
modification, and by each party waiving any rights hereunder.

	Lake Victoria Mining Company, Inc. 	 	 
	 	 	 
	Per: /s/ Ming Zhu	 	 
	      Authorized Signatory 	 	 
	 	 	 
	 	 	 
	The signature of
      _____ was 	 	 
	 	 	 
	Affixed hereto in the presence of:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]