Document:

Liberty Star Uranium & Metals Corp.: Exhibit 10.3 - Filed by newsfilecorp.com

REGISTRATION RIGHTS AGREEMENT

     This REGISTRATION RIGHTS
AGREEMENT (the “Agreement”), dated as of August 20, 2013 (the
“Execution Date”), is entered into by and between Liberty Star Uranium
& Metals Corp., a Nevada corporation with its principal executive office at
5610 E Sutler Lane, Tucson, Arizona 85712 (the “Company”), and KVM
Capital Partners LLC, a New York limited liability company (the
“Investor”), with its principal executive officers at 25315 60th Avenue,
Suite 200, Little Neck, NY 11362. 

RECITALS:

     WHEREAS, pursuant to the
Investment Agreement entered into by and between the Company and the Investor of
this even date (the “Investment Agreement”), the Company has agreed to
issue and sell to the Investor an indeterminate number of shares of the
Company’s common stock, par value $0.00001 per share (the “Common
Stock”), up to an aggregate purchase price of Eight Million Dollars
($8,000,000); 

     WHEREAS, as an inducement to the
Investors to execute and deliver the Investment Agreement, the Company has
agreed to provide certain registration rights under the Securities Act of 1933,
as amended, and the rules and regulations thereunder, or any similar successor
statute (collectively, the “1933 Act”), and applicable state securities
laws, with respect to the shares of Common Stock issuable pursuant to the
Investment Agreement.

     NOW THEREFORE, in consideration
of the foregoing promises and the mutual covenants contained hereinafter and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Company and the Investor hereby agree as follows:

SECTION I 
DEFINITIONS

     As used in this Agreement, the
following terms shall have the following meanings:

“Execution Date” shall have the
meaning set forth in the preambles.

“Investor” shall have the
meaning set forth in the preambles.

“Person” means a corporation, a
limited liability company, an association, a partnership, an organization, a
business, an individual, a governmental or political subdivision thereof or a
governmental agency.

“Potential Material Event” means
any of the following: (i) the possession by the Company of material information
not ripe for disclosure in the Registration Statement, which shall be evidenced
by determinations in good faith by the Board of Directors of the Company that
disclosure of such information in the Registration Statement would be
detrimental to the business and affairs of the Company, or (ii) any material
engagement or activity by the Company which would, in the good faith
determination of the Board of Directors of the Company, be adversely affected by
disclosure in the Registration Statement at such time, which determination shall
be accompanied by a good faith determination by the Board of Directors of the
Company that the Registration Statement would be materially misleading absent
the inclusion of such information.

“Register,” “Registered,”
and “Registration” refer to the Registration effected by preparing and
filing one (1) or more Registration Statements in compliance with the 1933 Act
and pursuant to Rule 415 under the 1933 Act or any
successor rule providing for offering securities on a continuous basis (“Rule
415”), and the declaration or ordering of effectiveness of such Registration
Statement(s) by the United States Securities and Exchange Commission (the
“SEC”).

“Registrable Securities” means
(i) the shares of Common Stock issued or issuable pursuant to the Investment
Agreement, and (ii) any shares of capital stock issued or issuable with respect
to such shares of Common Stock, if any, as a result of any stock split, stock
dividend, recapitalization, exchange or similar event or otherwise, which have
not been (x) included in the Registration Statement that has been declared
effective by the SEC, or (y) sold under circumstances meeting all of the
applicable conditions of Rule 144 (or any similar provision then in force) under
the 1933 Act.

“Registration Statement” means
the registration statement of the Company filed under the 1933 Act covering the
Registrable Securities.

“Registered Offering Transaction
Documents” shall mean this Agreement and the Investment Agreement between
the Company and the Investor as of the date hereof.

     All capitalized terms used in
this Agreement and not otherwise defined herein shall have the same meaning
ascribed to them as in the Investment Agreement.

SECTION II 
REGISTRATION

     2.1 The Company shall use all
commercially reasonable efforts to, within twenty one (21) days of the date of
this Agreement, file with the SEC a Registration Statement or Registration
Statements (as is necessary) on Form S-1 (or, if such form is unavailable for
such a registration, on such other form as is available for such registration),
covering the resale of 244,500,000 shares of the Registrable Securities, which
Registration Statement(s) shall state that, in accordance with Rule 416
promulgated under the 1933 Act, such Registration Statement also covers such
indeterminate number of additional shares of Common Stock as may become issuable
upon stock splits, stock dividends or similar transactions. The Company shall
initially register for resale 244,500,000 shares of Registrable Securities
except to the extent that the SEC requires the share amount to be reduced as a
condition of effectiveness.

     2.2 The Company shall use all
commercially reasonable efforts to have the Registration Statement(s) declared
effective by the SEC.

     2.3 The Company agrees not to
include any other securities in the Registration Statement covering the
Registrable Securities without Investor’s prior written consent which Investor
may withhold in its sole discretion. Furthermore, the Company agrees that it
will not file any other Registration Statement for other securities, until
thirty calendar days after the Registration Statement for the Registrable
Securities is declared effective by the SEC.

     2.4 Notwithstanding the
registration obligations set forth in this Section 2.1, if the staff of the SEC
(the “Staff”) or the SEC informs the Company that all of the unregistered
Registrable Securities cannot, as a result of the application of Rule 415, be
registered for resale as a secondary offering on a single Registration
Statement, the Company agrees to promptly (i) inform each of the holders thereof
and use its commercially reasonable efforts to file amendments to the
Registration Statement as required by the SEC and/or (ii) withdraw the
Registration Statement and file a new registration statement (the “New
Registration Statement”), in either case covering the maximum number of
Registrable Securities permitted to be registered by the SEC, on Form S-1 to
register for resale the Registrable Securities as a secondary offering. If the Company amends the Registration
Statement or files a New Registration Statement, as the case may be, under
clauses (i) or (ii) above, the Company will use its commercially reasonable
efforts to file with the SEC, as promptly as allowed by the Staff or SEC, one or
more registration statements on Form S-1 to register for resale those
Registrable Securities that were not registered for resale on the Registration
Statement, as amended, or the New Registration Statement (each, an
“Additional Registration Statement”). Additionally, the Company shall
have the ability to file one or more New Registration Statements to cover the
Registrable Securities once the Shares under the initial Registration Statement
referenced in Section 2.1 have been
sold.

     2.5

SECTION III 
RELATED OBLIGATIONS

     At such time as the Company is
obligated to prepare and file the Registration Statement with the SEC pursuant
to Section 2, the Company will affect the registration of the Registrable
Securities in accordance with the intended method of disposition thereof and,
with respect thereto, the Company shall have the following obligations: 

     3.1 The Company shall use all
commercially reasonable efforts to cause such Registration Statement relating to
the Registrable Securities to become effective and shall keep such Registration
Statement effective until the earlier to occur of the date on which (A) the
Investor shall have sold all the Registrable Securities actually issued or that
the Company has an obligation to issue under the Investment Agreement; or (B)
the Investor has no right to acquire any additional shares of Common Stock under
the Investment Agreement (the “Registration Period”). The Registration
Statement (including any amendments or supplements thereto and prospectuses
contained therein) shall not contain any untrue statement of a material fact or
omit to state a material fact required to be stated therein, or necessary to
make the statements therein, in light of the circumstances in which they were
made, not misleading. The Company shall use all commercially reasonable efforts
to respond to all SEC comments within ten (10) business days from receipt of
such comments by the Company. The Company shall use all commercially reasonable
efforts to cause the Registration Statement relating to the Registrable
Securities to become effective no later than five (5) business days after notice
from the SEC that the Registration Statement may be declared effective. The
Investor agrees to provide all information which is required by law to provide
to the Company, including the intended method of disposition of the Registrable
Securities, and the Company’s obligations set forth above shall be conditioned
on the receipt of such information.

     3.2 The Company shall prepare and
file with the SEC such amendments (including post-effective amendments) and
supplements to the Registration Statement and the prospectus used in connection
with such Registration Statement, which prospectus is to be filed pursuant to
Rule 424 promulgated under the 1933 Act, as may be necessary to keep such
Registration Statement effective during the Registration Period, and, during
such period, comply with the provisions of the 1933 Act with respect to the
disposition of all Registrable Securities of the Company covered by such
Registration Statement until such time as all of such Registrable Securities
shall have been disposed of in accordance with the intended methods of
disposition by the Investor thereof as set forth in such Registration Statement.
In the event the number of shares of Common Stock covered by the Registration
Statement filed pursuant to this Agreement is at any time insufficient to cover
all of the Registrable Securities, the Company shall amend such Registration
Statement, or file a new Registration Statement (on the short form available
therefor, if applicable), or both, so as to cover all of the Registrable
Securities, in each case, as soon as practicable, but in any event within thirty
(30) calendar days after the necessity therefor arises (based on the then
Purchase Price of the Common Stock and other relevant factors on which the
Company reasonably elects to rely), assuming the Company has sufficient
authorized shares at that time, and if it does not, within thirty (30) calendar
days after such shares are authorized. The Company shall use commercially reasonable efforts to cause such amendment
and/or new Registration Statement to become effective as soon as practicable
following the filing thereof.

     3.3 The Company shall make
available to the Investor whose Registrable Securities are included in any
Registration Statement and its legal counsel without charge (i) promptly after
the same is prepared and filed with the SEC at least one (1) copy of such
Registration Statement and any amendment(s) thereto, including financial
statements and schedules, all documents incorporated therein by reference and
all exhibits, the prospectus included in such Registration Statement (including
each preliminary prospectus) and, with regards to such Registration
Statement(s), any correspondence by or on behalf of the Company to the SEC or
the staff of the SEC and any correspondence from the SEC or the staff of the SEC
to the Company or its representatives; (ii) upon the effectiveness of any
Registration Statement, the Company shall make available copies of the
prospectus, via EDGAR, included in such Registration Statement and all
amendments and supplements thereto; and (iii) such other documents, including
copies of any preliminary or final prospectus, as the Investor may reasonably
request from time to time to facilitate the disposition of the Registrable
Securities. 

     3.4 The Company shall use
commercially reasonable efforts to (i) register and qualify the Registrable
Securities covered by the Registration Statement under such other securities or
“blue sky” laws of such states in the United States as the Investor reasonably
requests; (ii) prepare and file in those jurisdictions, such amendments
(including post-effective amendments) and supplements to such registrations and
qualifications as may be necessary to maintain the effectiveness thereof during
the Registration Period; (iii) take such other actions as may be necessary to
maintain such registrations and qualifications in effect at all times during the
Registration Period, and (iv) take all other actions reasonably necessary or
advisable to qualify the Registrable Securities for sale in such jurisdictions;
provided, however, that the Company shall not be required in connection
therewith or as a condition thereto to (x) qualify to do business in any
jurisdiction where it would not otherwise be required to qualify but for this
Section 3.4, or (y) subject itself to general taxation in any such jurisdiction.
The Company shall promptly notify the Investor who holds Registrable Securities
of the receipt by the Company of any notification with respect to the suspension
of the registration or qualification of any of the Registrable Securities for
sale under the securities or “blue sky” laws of any jurisdiction in the United
States or its receipt of actual notice of the initiation or threatening of any
proceeding for such purpose.

     3.5 As promptly as practicable
after becoming aware of such event, the Company shall notify Investor in writing
of the happening of any event as a result of which the prospectus included in
the Registration Statement, as then in effect, includes an untrue statement of a
material fact or omission to state a material fact required to be stated therein
or necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading (“Registration Default”) and use all
diligent efforts to promptly prepare a supplement or amendment to such
Registration Statement and take any other necessary steps to cure the
Registration Default (which, if such Registration Statement is on Form S-3, may
consist of a document to be filed by the Company with the SEC pursuant to
Section 13(a), 13(c), 14 or 15(d) of the 1934 Act (as defined below) and to be
incorporated by reference in the prospectus) to correct such untrue statement or
omission, and make available copies of such supplement or amendment to the
Investor. The Company shall also promptly notify the Investor (i) when a
prospectus or any prospectus supplement or post-effective amendment has been
filed, and when the Registration Statement or any post-effective amendment has
become effective (the Company will prepare notification of such effectiveness
which shall be delivered to the Investor on the same day of such effectiveness
and by overnight mail), additionally, the Company will promptly provide to the
Investor, a copy of the effectiveness order prepared by the SEC once it is
received by the Company; (ii) of any request by the SEC for amendments or
supplements to the Registration Statement or related prospectus or related
information, (iii) of the Company’s reasonable determination that a
post-effective amendment to the Registration Statement would be appropriate,
(iv) in the event the Registration Statement is no longer effective, or (v) if the Registration Statement is stale as a result of the Company’s failure to timely file its financials or otherwise

     3.6 The Company shall use all commercially reasonable efforts to prevent the issuance of any stop order or other suspension of effectiveness of the Registration Statement, or the suspension of the qualification of any
of the Registrable Securities for sale in any jurisdiction and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest possible moment and to notify the Investor holding Registrable Securities
being sold of the issuance of such order and the resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding concerning the effectiveness of the registration statement.

     3.7 The Company shall permit the Investor and one (1) legal counsel, designated by the Investor, to review and comment upon the Registration Statement and all amendments and supplements thereto at least one (1) calendar
day prior to their filing with the SEC. However, any postponement of a filing of a Registration Statement or any postponement of a request for acceleration or any postponement of the effective date or effectiveness of a Registration Statement by
written request of the Investor (collectively, the “Investor’s Delay”) shall not act to trigger any penalty of any kind, or any cash amount due or any in-kind amount due the Investor from the Company under any and all
agreements of any nature or kind between the Company and the Investor. The event(s) of an Investor’s Delay shall act to suspend all obligations of any kind or nature of the Company under any and all agreements of any nature or kind between the
Company and the Investor.

     3.8 At the request of the Investor, the Company’s counsel shall furnish to the Investor an opinion letter confirming the effectiveness of the registration statement. Such opinion letter shall be issued as of the
date of the effectiveness of the registration statement and be in a form reasonably acceptable to the Investor.

     3.9 The Company shall hold in confidence and not make any disclosure of information concerning the Investor unless (i) disclosure of such information is necessary to comply with federal or state securities laws, (ii)
the disclosure of such information is necessary to avoid or correct a misstatement or omission in any Registration Statement, (iii) the release of such information is ordered pursuant to a subpoena or other final, non-appealable order from a court
or governmental body of competent jurisdiction, or (iv) such information has been made generally available to the public other than by disclosure in violation of this Agreement or any other agreement. The Company agrees that it shall, upon learning
that disclosure of such information concerning the Investor is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt written notice to the Investor and allow the Investor, at the Investor’s
expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order covering such information.

     3.10 The Company shall use all commercially reasonable efforts to maintain designation and quotation of all the Registrable Securities covered by any Registration Statement on the Principal Market. If, despite the
Company’s commercially reasonable efforts, the Company is unsuccessful in satisfying the preceding sentence, it shall use commercially reasonable efforts to cause all the Registrable Securities covered by any Registration Statement to be listed
on each other national securities exchange and automated quotation system, if any, on which securities of the same class or series issued by the Company are then listed, if any, if the listing of such Registrable Securities is then permitted under
the rules of such exchange or system. The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section 3.10.

     3.11 The Company shall cooperate with the Investor to facilitate the prompt preparation and delivery of certificates representing the Registrable Securities to be offered pursuant to the Registration Statement and enable such certificates to be in such
denominations or amounts, as the case may be, as the Investor may reasonably
request (and after any sales of such Registrable Securities by the Investor,
such certificates not bearing any restrictive legend).

     3.12 The Company shall provide a
transfer agent for all the Registrable Securities not later than the effective
date of the first Registration Statement filed pursuant hereto.

     3.13 If requested by the
Investor, the Company shall (i) as soon as reasonably practical incorporate in a
prospectus supplement or post-effective amendment such information as the
Investor reasonably determines should be included therein relating to the sale
and distribution of Registrable Securities, including, without limitation,
information with respect to the offering of the Registrable Securities to be
sold in such offering; (ii) make all required filings of such prospectus
supplement or post-effective amendment as soon as reasonably possible after
being notified of the matters to be incorporated in such prospectus supplement
or post-effective amendment; and (iii) supplement or make amendments to any
Registration Statement if reasonably requested by the Investor.

     3.14 The Company shall use all
commercially reasonable efforts to cause the Registrable Securities covered by
the applicable Registration Statement to be registered with or approved by such
other governmental agencies or authorities as may be necessary to facilitate the
disposition of such Registrable Securities.

     3.15 The Company shall otherwise
use all commercially reasonable efforts to comply with all applicable rules and
regulations of the SEC in connection with any registration hereunder. 

     3.16 Within three (3) business
day after the Registration Statement which includes Registrable Securities is
declared effective by the SEC, the Company shall deliver to the transfer agent
for such Registrable Securities, with copies to the Investor, confirmation that
such Registration Statement has been declared effective by the SEC.

     3.17 The Company shall take all
other reasonable actions necessary to expedite and facilitate disposition by the
Investor of Registrable Securities pursuant to the Registration Statement.

SECTION IV 
OBLIGATIONS OF THE INVESTOR

     4.1 At least five (5) calendar
days prior to the first anticipated filing date of the Registration Statement
the Company shall notify the Investor in writing of the information the Company
requires from the Investor for the Registration Statement. It shall be a
condition precedent to the obligations of the Company to complete the
registration pursuant to this Agreement with respect to the Registrable
Securities and the Investor agrees to furnish to the Company that information
regarding itself, the Registrable Securities and the intended method of
disposition of the Registrable Securities as shall reasonably be required to
effect the registration of such Registrable Securities and the Investor shall
execute such documents in connection with such registration as the Company may
reasonably request. The Investor covenants and agrees that, in connection with
any sale of Registrable Securities by it pursuant to the Registration Statement,
it shall comply with the “Plan of Distribution” section of the then current
prospectus relating to such Registration Statement.

     4.2 The Investor, by its
acceptance of the Registrable Securities, agrees to cooperate with the Company
as reasonably requested by the Company in connection with the preparation and
filing of any Registration Statement hereunder, unless the Investor has notified
the Company in writing of an election to exclude all of the Investor’s
Registrable Securities from such Registration Statement.

     4.3 The Investor agrees that,
upon receipt of written notice from the Company of the happening of any event of
the kind described in Section 3.6 or the first sentence of 3.5, the Investor
will immediately discontinue disposition of Registrable Securities pursuant to
any Registration Statement(s) covering such Registrable Securities until the
Investor’s receipt of the copies of the supplemented or amended prospectus
contemplated by Section 3.6 or the first sentence of 3.5.

SECTION V 
EXPENSES OF REGISTRATION

     All legal expenses, other than
underwriting discounts and commissions and other than as set forth in the
Investment Agreement, incurred in connection with registrations including
comments, filings or qualifications pursuant to Sections 2 and 3, including,
without limitation, all registration, listing and qualifications fees, and
printing fees shall be paid by the Investor.

SECTION VI I
NDEMNIFICATION

     In the event any Registrable
Securities are included in the Registration Statement under this Agreement: 

     6.1 To the fullest extent
permitted by law, the Company, under this Agreement, will, and hereby does,
indemnify, hold harmless and defend the Investor who holds Registrable
Securities, the directors, officers, partners, employees, counsel, agents,
representatives of, and each Person, if any, who controls, any Investor within
the meaning of the 1933 Act or the Securities Exchange Act of 1934, as amended
(the “1934 Act”) (each, an “Indemnified Person”), against any
losses, claims, damages, liabilities, judgments, fines, penalties, charges,
costs, attorneys’ fees, amounts paid in settlement or expenses, joint or several
(collectively, “Claims”), incurred in investigating, preparing or
defending any action, claim, suit, inquiry, proceeding, investigation or appeal
taken from the foregoing by or before any court or governmental, administrative
or other regulatory agency, body or the SEC, whether pending or threatened,
whether or not an indemnified party is or may be a party thereto
(“Indemnified Damages”), to which any of them may become subject insofar
as such Claims (or actions or proceedings, whether commenced or threatened, in
respect thereof) arise out of or are based upon: (i) any untrue statement or
alleged untrue statement of a material fact in the Registration Statement or any
post-effective amendment thereto or in any filing made in connection with the
qualification of the offering under the securities or other “blue sky” laws of
any jurisdiction in which the Investor has requested in writing that the Company
register or qualify the Shares (“Blue Sky Filing”), or the omission or
alleged omission to state a material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under
which the statements therein were made, not misleading, (ii) any untrue
statement or alleged untrue statement of a material fact contained in the final
prospectus (as amended or supplemented, if the Company files any amendment
thereof or supplement thereto with the SEC) or the omission or alleged omission
to state therein any material fact necessary to make the statements made
therein, in light of the circumstances under which the statements therein were
made, not misleading, or (iii) any violation or alleged violation by the Company
of the 1933 Act, the 1934 Act, any other law, including, without limitation, any
state securities law, or any rule or regulation thereunder relating to the offer
or sale of the Registrable Securities pursuant to the Registration Statement
(the matters in the foregoing clauses (i) through (iii) being, collectively,
“Violations”). Subject to the restrictions set forth in Section 6.3 the
Company shall reimburse the Investor and each such controlling person, promptly
as such expenses are incurred and are due and payable, for any reasonable legal
fees or other reasonable expenses incurred by them in connection with
investigating or defending any such Claim. Notwithstanding anything to the
contrary contained herein, the indemnification agreement contained in this
Section 6.1: (i) shall not apply to a Claim arising out of or based upon a Violation which is
due to the inclusion in the Registration Statement of the information furnished
to the Company by any Indemnified Person expressly for use in connection with
the preparation of the Registration Statement or any such amendment thereof or
supplement thereto; (ii) shall not be available to the extent such Claim is
based on (a) a failure of the Investor to deliver or to cause to be delivered
the prospectus made available by the Company or (b) the Indemnified Person’s use
of an incorrect prospectus despite being promptly advised in advance by the
Company in writing not to use such incorrect prospectus; (iii) any claims based
on the manner of sale of the Registrable Securities by the Investor or of the
Investor’s failure to register as a dealer under applicable securities laws;
(iv) any omission of the Investor to notify the Company of any material fact
that should be stated in the Registration Statement or prospectus relating to
the Investor or the manner of sale; and (v) any amounts paid in settlement of
any Claim if such settlement is effected without the prior written consent of
the Company, which consent shall not be unreasonably withheld. Such indemnity
shall remain in full force and effect regardless of any investigation made by or
on behalf of the Indemnified Person and shall survive the resale of the
Registrable Securities by the Investor pursuant to the Registration
Statement.

     6.2 In connection with any
Registration Statement in which Investor is participating, the Investor agrees
to severally and jointly indemnify, hold harmless and defend, to the same extent
and in the same manner as is set forth in Section 6.1, the Company, each of its
directors, each of its officers who signs the Registration Statement, each
Person, if any, who controls the Company within the meaning of the 1933 Act or
the 1934 Act and the Company’s agents (collectively and together with an
Indemnified Person, an “Indemnified Party”), against any Claim or
Indemnified Damages to which any of them may become subject, under the 1933 Act,
the 1934 Act or otherwise, insofar as such Claim or Indemnified Damages arise
out of or are based upon any Violation, in each case to the extent, and only to
the extent, that such Violation is due to the inclusion in the Registration
Statement of the written information furnished to the Company by the Investor
expressly for use in connection with such Registration Statement; and, subject
to Section 6.3, the Investor will reimburse any legal or other expenses
reasonably incurred by them in connection with investigating or defending any
such Claim; provided, however, that the indemnity agreement contained in
this Section 6.2 and the agreement with respect to contribution contained in
Section 7 shall not apply to amounts paid in settlement of any Claim if such
settlement is effected without the prior written consent of the Investor, which
consent shall not be unreasonably withheld; provided, further, however, that the
Investor shall only be liable under this Section 6.2 for that amount of a Claim
or Indemnified Damages as does not exceed the net proceeds to such Investor as a
result of the sale of Registrable Securities pursuant to such Registration
Statement. Such indemnity shall remain in full force and effect regardless of
any investigation made by or on behalf of such Indemnified Party and shall
survive the resale of the Registrable Securities by the Investor pursuant to the
Registration Statement. Notwithstanding anything to the contrary contained
herein, the indemnification agreement contained in this Section 6.2 with respect
to any preliminary prospectus shall not inure to the benefit of any Indemnified
Party if the untrue statement or omission of material fact contained in the
preliminary prospectus were corrected on a timely basis in the prospectus, as
then amended or supplemented. This indemnification provision shall apply
separately to each Investor and liability hereunder shall not be joint and
several.

     6.3 Promptly after receipt by an
Indemnified Person or Indemnified Party under this Section 6 of notice of the
commencement of any action or proceeding (including any governmental action or
proceeding) involving a Claim, such Indemnified Person or Indemnified Party
shall, if a Claim in respect thereof is to be made against any indemnifying
party under this Section 6, deliver to the indemnifying party a written notice
of the commencement thereof, and the indemnifying party shall have the right to
participate in, and, to the extent the indemnifying party so desires, jointly
with any other indemnifying party similarly noticed, to assume control of the
defense thereof with counsel mutually satisfactory to the indemnifying party and
the Indemnified Person or the Indemnified Party, as the case may be; provided,
however, that an Indemnified Person or Indemnified Party shall
have the right to retain its own counsel with the fees and expenses to be paid
by the indemnifying party, if, in the reasonable opinion of counsel retained by
the Indemnified Person or Indemnified Party, the representation by counsel of
the Indemnified Person or Indemnified Party and the indemnifying party would be
inappropriate due to actual or potential differing interests between such
Indemnified Person or Indemnified Party and any other party represented by such
counsel in such proceeding. The indemnifying party shall pay for only one (1)
separate legal counsel for the Indemnified Persons or the Indemnified Parties,
as applicable, and such counsel shall be selected by the Investor, if the
Investor is entitled to indemnification hereunder, or the Company, if the
Company is entitled to indemnification hereunder, as applicable. The Indemnified
Party or Indemnified Person shall cooperate fully with the indemnifying party in
connection with any negotiation or defense of any such action or Claim by the
indemnifying party and shall furnish to the indemnifying party all information
reasonably available to the Indemnified Party or Indemnified Person which
relates to such action or Claim. The indemnifying party shall keep the
Indemnified Party or Indemnified Person fully apprised at all times as to the
status of the defense or any settlement negotiations with respect thereto. No
indemnifying party shall be liable for any settlement of any action, claim or
proceeding affected without its written consent, provided, however, that the
indemnifying party shall not unreasonably withhold, delay or condition its
consent. No indemnifying party shall, without the consent of the Indemnified
Party or Indemnified Person, consent to entry of any judgment or enter into any
settlement or other compromise which does not include as an unconditional term
thereof the giving by the claimant or plaintiff to such Indemnified Party or
Indemnified Person of a release from all liability in respect to such Claim.
Following indemnification as provided for hereunder, the indemnifying party
shall be subrogated to all rights of the Indemnified Party or Indemnified Person
with respect to all third parties, firms or corporations relating to the matter
for which indemnification has been made. The failure to deliver written notice
to the indemnifying party within a reasonable time of the commencement of any
such action shall not relieve such indemnifying party of any liability to the
Indemnified Person or Indemnified Party under this Section 6, except to the
extent that the indemnifying party is prejudiced in its ability to defend such
action.

     6.4 The indemnity agreements
contained herein shall be in addition to (i) any cause of action or similar
right of the Indemnified Party or Indemnified Person against the indemnifying
party or others, and (ii) any liabilities the indemnifying party may be subject
to pursuant to the law.

SECTION VII 
CONTRIBUTION

     7.1 To the extent any
indemnification by an indemnifying party is prohibited or limited by law, the
indemnifying party agrees to make the maximum contribution with respect to any
amounts for which it would otherwise be liable under Section 6 to the fullest
extent permitted by law; provided, however, that: (i) no contribution shall be
made under circumstances where the maker would not have been liable for
indemnification under the fault standards set forth in Section 6; (ii) no seller
of Registrable Securities guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from
any seller of Registrable Securities who was not guilty of fraudulent
misrepresentation; and (iii) contribution by any seller of Registrable
Securities shall be limited in amount to the net amount of proceeds received by
such seller from the sale of such Registrable Securities.

SECTION VIII
 REPORTS UNDER THE 1934 ACT

     8.1 With a view to making
available to the Investor the benefits of Rule 144 promulgated under the 1933
Act or any other similar rule or regulation of the SEC that may at any time
permit the Investor to sell securities of the Company to the public without
registration (“Rule 144”), provided that the Investor holds any Registrable Securities are eligible for
resale under Rule 144, the Company agrees to:

	 	a. 	
      make and keep public information available, as those
      terms are understood and defined in Rule 144;

	 	 	 
	 	b. 	
      file with the SEC in a timely manner all reports and
      other documents required of the Company under the 1933 Act and the 1934
      Act so long as the Company remains subject to such requirements (it being
      understood that nothing herein shall limit the Company’s obligations under
      Section 5(c) of the Investment Agreement) and the filing of such reports
      and other documents is required for the applicable provisions of Rule 144;
      and

	 	 	 
	 	c. 	
      furnish to the Investor, promptly upon request, (i) a
      written statement by the Company that it has complied with the reporting
      requirements of Rule 144, the 1933 Act and the 1934 Act, (ii) a copy of
      the most recent annual or quarterly report of the Company and such other
      reports and documents so filed by the Company, and (iii) such other
      information as may be reasonably requested to permit the Investor to sell
      such securities pursuant to Rule 144 without
  registration.

SECTION X
 MISCELLANEOUS

     9.1 NOTICES. Any notices
or other communications required or permitted to be given under the terms of
this Agreement that must be in writing will be deemed to have been delivered (i)
upon receipt, when delivered personally; (ii) upon receipt, when sent by
electronic mail (provided a confirmation of transmission is mechanically or
electronically generated and kept on file by the sending party); or (iii) one
(1) day after deposit with a nationally recognized overnight delivery service,
in each case properly addressed to the party to receive the same. The addresses
and facsimile numbers for such communications shall be:

	 	If to the Company: 	Liberty Star Uranium & Metals Corp. 
	 	  	5610 E Sutler Lane 
	 	  	Tucson, Arizona 85712 
	 	  	Attn: James Briscoe 
	 	  	Email: jbriscoe@libertystaruranium.com 
	 	  	  
	 	  	[insert] 
	 	With a copy to: 	  
	 	  	  
	 	  	  
	 	If to the Investor: 	KVM Capital Partners LLC 
	 	  	25315 60th Avenue, Suite 200, 
	 	  	Little Neck, NY 11362 
	 	  	Attn: Neil Kleinman 
	 	  	Email: 

     Each party shall provide five (5)
business days prior notice to the other party of any change in address, phone
number or facsimile number.

     9.2 NO WAIVERS. Failure of
any party to exercise any right or remedy under this Agreement or otherwise, or
delay by a party in exercising such right or remedy, shall not operate as a
waiver thereof.

     9.3 NO ASSIGNMENTS. The
rights and obligations under this Agreement shall not be assignable.

     9.4 ENTIRE
AGREEMENT/AMENDMENT. This Agreement and the Registered Offering Transaction
Documents constitute the entire agreement among the parties hereto with respect
to the subject matter hereof and thereof. There are no restrictions, promises,
warranties or undertakings, other than those set forth or referred to herein and
therein. This Agreement and the Registered Offering Transaction Documents
supersede all prior agreements and understandings among the parties hereto with
respect to the subject matter hereof and thereof. The provisions of this
Agreement may be amended only with the written consent of the Company and
Investor.

     9.5 HEADINGS. The headings
in this Agreement are for convenience of reference only and shall not limit or
otherwise affect the meaning hereof. Whenever required by the context of this
Agreement, the singular shall include the plural and masculine shall include the
feminine. This Agreement shall not be construed as if it had been prepared by
one of the parties, but rather as if all the parties had prepared the same.

     9.6 COUNTERPARTS. This
Agreement may be executed in any number of counterparts and by the different
signatories hereto on separate counterparts, each of which, when so executed,
shall be deemed an original, but all such counterparts shall constitute but one
and the same instrument. This Agreement may be executed by facsimile
transmission, PDF, electronic signature or other similar electronic means with
the same force and effect as if such signature page were an original
thereof.

     9.7 FURTHER ASSURANCES.
Each party shall do and perform, or cause to be done and performed, all such
further acts and things, and shall execute and deliver all such other
agreements, certificates, instruments and documents, as the other party may
reasonably request in order to carry out the intent and accomplish the purposes
of this Agreement and the consummation of the transactions contemplated
hereby.

     9.8 SEVERABILITY. In case
any provision of this Agreement is held by a court of competent jurisdiction to
be excessive in scope or otherwise invalid or unenforceable, such provision
shall be adjusted rather than voided, if possible, so that it is enforceable to
the maximum extent possible, and the validity and enforceability of the
remaining provisions of this Agreement will not in any way be affected or
impaired thereby.

     9.9 LAW GOVERNING THIS
AGREEMENT. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York without regard to principles of conflicts
of laws. Any action brought by either party against the other concerning the
transactions contemplated by this Agreement shall be brought only in the state
courts of Delaware or in the federal courts located in New York County, New
York. The parties to this Agreement hereby irrevocably waive any objection to
jurisdiction and venue of any action instituted hereunder and shall not assert
any defense based on lack of jurisdiction or venue or based upon forum non
conveniens. The parties executing this Agreement and other agreements
referred to herein or delivered in connection herewith on behalf of the Company
agree to submit to the in personam jurisdiction of such courts and hereby
irrevocably waive trial by jury. The prevailing party shall be entitled to
recover from the other party its reasonable attorney’s fees and costs. In the event that any provision of this Agreement or
any other agreement delivered in connection herewith is invalid or unenforceable
under any applicable statute or rule of law, then such provision shall be deemed
inoperative to the extent that it may conflict therewith and shall be deemed
modified to conform with such statute or rule of law. Any such provision which
may prove invalid or unenforceable under any law shall not affect the validity
or enforceability of any other provision of any agreement. Each party hereby
irrevocably waives personal service of process and consents to process being
served in any suit, action or proceeding in connection with this Agreement or
any other Registered Offering Transaction Documents by mailing a copy thereof
via registered or certified mail or overnight delivery (with evidence of
delivery) to such party at the address in effect for notices to it under this
Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any other manner permitted by
law.

     9.10 NO THIRD PARTY
BENEFICIARIES. This Agreement is intended for the benefit of the parties
hereto and is not for the benefit of, nor may any provision hereof be enforced
by, any other person, except that the Company acknowledges that the rights of
the Investor may be enforced by its general partner. 

[Signature page follows]

     Your signature on this Signature
Page evidences your agreement to be bound by the terms and conditions of the
Registration Rights Agreement as of the date first written above. The
undersigned signatory hereby certifies that he has read and understands the
Registration Rights Agreement, and the representations made by the undersigned
in this Registration Rights Agreement are true and accurate, and agrees to be
bound by its terms.

	 	KVM CAPITAL PARTNERS LLC 
	 	  
	 	  
	 	By: /s/ Neil Kleinman 
	 	Name: Neil Kleinman 
	 	Title: 
	 	  
	 	  
	 	LIBERTY STAR URANIUM & METALS CORP.
    
	 	  
	 	  
	 	By:/s/ James Briscoe 
	 	Name: James Briscoe 
	 	Title: Chief Executive Officer

[SIGNATURE PAGE OF REGISTRATION RIGHTS AGREEMENT]exhibit.htm

Exhibit 10.99

 

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment Agreement”), is dated as of September 23, 2013, by and between COLLECTORS UNIVERSE, INC., a Delaware Corporation (the “Company” or “CUI”), and ROBERT G. DEUSTER (“Executive”), with reference to the following:

 

R E C I T A L S:

 

A.           Executive is employed as Chief Executive Officer of the Company under an Employment Agreement dated as of October 10, 2012 (the “Employment Agreement”); and

 

B.           The Company and the CEO desire to extend the term of and amend certain related provisions in the Employment Agreement as and to the extent provided hereinafter in this Amendment Agreement.

 

A G R E E M E N T

 

NOW, THEREFORE, in consideration of the respective promises of each party made to the other in this Amendment Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the parties, it is agreed as follows:

 

1.           Extension of the Term of Employment.  The term of Executive’s employment under the Employment Agreement is hereby extended and shall continue to October 15, 2014, unless the Executive’s employment is either (i) sooner terminated pursuant to any of the provisions of Section 5 or Section 6 of the Employment Agreement, or (ii) further extended by mutual written agreement of the parties.

 

2.           Implementing Amendments.  To give effect to the foregoing extension of the term of the Employment Agreement, it is agreed as follows:

 

2.1           Amendment of Section 3 of Employment Agreement.  The first sentence of Section 3 of the Employment Agreement, entitled “Term of Employment” is hereby amended to read in its entirety as follows:

 

“Unless sooner terminated as provided in Section 5 or Section 6 below, the term of Executive’s employment with the Company as its CEO shall commence on October 15, 2012 (the “Commencement Date”) and shall end on the second anniversary thereof (the “Expiration Date”).”

 

2.2           Other Amendments.

 

(a)           The phrase “the one-year term of Executive’s employment under this Agreement” contained in the second sentence of Section 3 of the Employment Agreement is hereby amended to read as follows:  “the term of Executive’s employment under this Agreement”; and

 

(b)           The phrase “upon expiration of the one-year term of Executive’s employment hereunder” that is contained in Section 5.5 of the Employment Agreement is hereby amended to read as follows:

 

“upon expiration of the term of Executive’s employment hereunder”.

 

3.           No Other Changes.  The Employment Agreement shall remain in full force and effect and, except as amended by this Amendment Agreement, as set forth in Sections 1 and 2 hereof, shall remain unchanged.

 

4.           Confirmation of Performance.  Each party hereto represents that the other party has performed those of its obligations required to have been performed on or prior to the date hereof by such other party under the Employment Agreement and such other party has not breached and is not in breach of the Employment Agreement.

 

 

 

  

  

  

 

3.           Miscellaneous.

 

4.1           Construction.  This Amendment Agreement is the result of arms-length negotiations between the parties hereto, and no provision hereof shall be construed against a party by reason of the fact that such party or its legal counsel drafted said provision or for any other reason.

 

4.2           Entire Agreement. This Amendment Agreement contains all of the agreements of the parties relating to, and supersedes all prior agreements or understandings, written or oral, between the parties regarding, the subject matter hereof.

 

4.3           Binding on Successors.  Subject to the provisions of Section 9.8 of the Employment Agreement (entitled “No Assignment”), which provisions are incorporated herein by this reference, this Amendment Agreement shall be binding on the parties and their respective heirs, legal representatives and successors and assigns.

 

4.4           Headings.  Section and paragraph headings in this Amendment Agreement are for convenience of reference only and shall not affect the meaning or have any bearing on the interpretation of any provision of this Amendment Agreement.

 

4.5           Severability.  If any provision of this Amendment Agreement is held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof shall not be affected or impaired in any way as a result thereof.

 

4.6           Governing Law.  This Amendment Agreement is made in and shall be construed and interpreted according to and enforced under the internal laws of the State of California, excluding its choice of law rules and principles.

 

4.7           Counterparts.  This Amendment Agreement may be executed in separate counterparts, and each of such signed counterparts, including any photocopies or facsimile copies thereof, shall be deemed to be an original, but all of which shall constitute one and the same instrument.

 

IN WITNESS WHEREOF, the undersigned have executed this Employment Agreement Amendment as of the day and date first above written:

 

The Company:                                                                           COLLECTORS UNIVERSE, INC.

By:              /s/  A. CLINTON ALLEN

A. Clinton Allen, Chairman

 

Executive:                                                                             /s    ROBERT G. DEUSTER                                                                 

Robert G. Deuster

 

 

  

2

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