Document:

Exhibit
10.4

 

SHARE PLEDGE AGREEMENT

 

dated 2 June 2017

 

between

 

Royal Gold, Inc.,
a corporation organized under the laws of the State of Delaware, USA, with registered address at The Corporation Trust Company,
Corporation Trust Center, 1209 Orange St., Wilmington, DE 19801, USA

 

(the "Pledgor")

 

and

 

 

The Bank of Nova Scotia,
a bank organized under the laws of the Canada, with registered address at 40 King Street West, 55th Floor, Toronto, Ontario, M5W
2X6, Canada

 

 

as administrative agent,
acting in its own name and for its account, and in the name and for the account of the other Credit Parties (as defined in the
Facility Agreement, as defined herein) or in its own name but for the benefit of each of the Credit Parties, respectively

 

(the "Administrative
Agent",

and
together with the Pledgor and the other Credit Parties, the"Parties")

 

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	Table of Contents	 
	 	 	 
	 	 	 
	1.	Definitions and interpretation 	3
	1.1	Definitions	3
	1.2	Interpretation 	5
	2.	Pledge over Shares and Related Rights 	5
	2.1	Undertaking to grant a Pledge and Pledge 	5
	2.2	Future Shares	6
	2.3	Subscription Rights	6
	2.4	Dividends	7
	2.5	Voting Rights 	7
	3.	Delivery of additional documents 	7
	4.	Representations and warranties 	8
	5.	Undertakings of the Pledgor 	9
	6.	Realization of the Security Assets	10
	6.1	Remedies 	10
	6.2	Accounting for proceeds 	11
	6.3	Allocation / application of proceeds 	11
	7.	Release of Security Assets	11
	8.	Reinstatement	12
	9.	Role and liability of the Administrative Agent	12
	9.1	Appointment 	12
	9.2	Replacement of the Administrative Agent 	12
	9.3	Liability of the Administrative Agent 	13
	10.	Assignments and transfers	13
	11.	General provisions.	13
	11.1	Taxes, costs and expenses	13
	11.2 	Notices	14
	11.3 	Currency conversion 	14
	11.4	Entire agreement.	14
	11.5	Cumulative rights 	14
	11.6	Amendments and waivers 	14
	11.7	Severability	14
	11.8	Counterparts 	15
	12.	Governing law and jurisdiction 	15
	12.1	Governing law	15
	12.2	Jurisdiction 	15
	12.3	Special domicile 	15

 

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Recitals

 

		1)	Pursuant to a revolving facility credit agreement dated
on or around the date of this Agreement (the "Facility Agreement") entered into between, among others, the Pledgor
as borrower (in such capacity, the "Borrower"), the Lenders (as defined therein), The Bank of Nova Scotia, HSBC
Bank USA, National Association, Canadian Imperial Bank of Commerce as co-lead arrangers and joint bookrunners and the Administrative
Agent, the Lenders have agreed to make available to the Borrower a credit facility in the aggregate amount of USD 1,000,000,000.

 

		2)	The Pledgor owns all shares in the Company (as defined
below).

 

		3)	In order to satisfy certain conditions of the Facility
Agreement and in order to provide security for the Credit Parties in relation to the Borrower's obligations under the Facility
Agreement, the Pledgor has agreed to pledge 65% of the shares in the Company (as defined below) to the Credit Parties as security
for the Secured Obligations (as defined below).

 

		4)	The Administrative Agent has been duly appointed under
section 14.1 of the Facility Agreement to act as Administrative Agent and to execute and deliver, and to perform the rights and
obligations under, this Agreement (i) in relation to the Pledge (as defined below), in the name and for the account of the other
Credit Parties as their direct representative (Direkter Stellvertreter) and (ii) in relation to any assignment of the Subscription
Rights (as defined below), in its own name but for the benefit of each of the other Credit Parties as their agent (Indirekter
Stellvertreter).

 

IT IS AGREED as follows:

 

		1.	Definitions and interpretation

 

		1.1	Definitions

 

Unless defined otherwise
as follows, capitalized terms used in this Agreement shall have the meanings assigned to them in the Facility Agreement:

 

"Agreement" means this share
pledge agreement.

 

"Borrower" has the meaning given to it in Recital 1).

 

"CC" means
the Swiss Civil Code dated December 10, 1907, as amended from time to time.

 

"CO" means
the Swiss Code of Obligations dated March 30, 1911, as amended from time to time.

 

"Company"
means RGLD Gold AG, a company incorporated under the laws of Switzerland, with registered address at Baarerstrasse 71,
6300 Zug, Switzerland (CHE- 116.020.977) and having a share capital of CHF 1,000,000 divided into 1,000 registered shares of
a par value of CHF 1,000 each.

 

"Credit Parties"
means the Credit Parties (as defined in the Facility Agreement) and each Person who was a Lender or an Affiliate of a Lender in
connection with a Hedging Agreement.

 

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"DEBA"
means the Swiss Federal Act on Debt Enforcement and Bankruptcy of April 11, 1889, as amended from time to time.

 

"Dividends"
mean all kinds of dividends related to the Shares whether in cash or in kind, e.g., in the form of additional Shares or Participation
Rights.

 

"Effective Date"
means the Closing Date.

 

"Encumbrance"
means any charge, claim, condition, equitable interest, encumbrance, option, lien, pledge, security interest, right of first refusal,
or restriction of any kind, including any restriction on use, voting, transfer, receipt of income, exercise of any other attribute
of ownership or any other third party right or entitlement, other than Permitted Liens.

 

"Facility Agreement"
has the meaning given to it in Recital 1).

 

"FISA"
means the Swiss Federal Act on Intermediated Securities (Bucheffektengesetz) of October 3, 2008, as amended from time
to time.

 

"Participation
Rights" means "Partizipationsscheine" and "Genussscheine" in the Company, if any, within
the meaning of article 656a et seq. CO, and article 657 CO, respectively.

 

"Pledge"
has the meaning given to it in Section 2.1 (Undertaking to grant a Pledge and Pledge), being a pledge pursuant to
articles 889 et seq. CC.

 

"Related Rights"
means all moneys payable and any and all other accessory or other rights, benefits and proceeds in respect of, or derived from,
the Shares, whether present or future and whether by way of capital reduction, redemption, substitution, exchange, bonus or preference,
conversion or otherwise, including Subscription Rights, Dividends, option rights, liquidation proceeds upon liquidation
of the Company (if and to the extent the granting of a security interest over such related rights is permitted under statutory
law).

 

"Secured
Obligations" means any and all present or future obligations and liabilities of the Borrower owed to the Credit Parties
under or in connection with the Credit Documents, including all interest and commissions due or to become due thereon, as well
as all costs, fees and expenses, including court or reasonable out-of-court cost and reasonable attorney's expenses arising in
connection therewith or with the protection, preservation, or realization of the Security Assets granted hereunder.

 

"Security Assets"
means all current and future assets being subject of the Security Interest, including the Shares and the Related Rights.

 

"Security
Interest" means, jointly, the Pledge and, if applicable, the assignment of Subscription Rights set out in Section
2.3 (Subscription Rights) collectively.

 

"Shares" means:

 

		(a)	650 registered shares (Aktien) in the Company
pursuant to article 622 CO owned by the Pledgor and representing 65% of the share capital of the Company, as set out in the Schedule
(Shares);

 

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		(b)	all shares or other rights or interests whatsoever which
may substitute the Shares defined in paragraph (a) by operation of law or otherwise after the date hereof; and

 

		(c)	any further shares, Participation Rights or other rights
that will be issued to the Pledgor by the Company after the date hereof, but limited so that at no time more than 65% of the total
voting power of all outstanding Voting Stock of the Company will be subject to the Pledge.

 

"Subscription Rights"
means any pre-emptive rights (Bezugsrecht) and any advance subscription right (Vorwegzeichnungsrecht) of a holder
of Shares in relation to such Shares.

 

"Voting Rights"
shall mean the voting rights and any other non-monetary shareholder rights in relation to the Shares.

 

		1.2	Interpretation

 

		(a)	Unless a contrary indication appears, any reference
in this Agreement to:

 

		(i)	an "amendment" includes a supplement,
novation, restatement or re- enactment and "amended" will be construed accordingly;

		 	 

		(ii)	the term "including" is by way of example
and shall not limit the meaning of the words to which the example relates, to that example or examples of a similar kind; and

		 	 

		(iii)	an agreement is a reference to that agreement as amended.
(b)Section and Schedule headings are for ease of reference only.

 

		(b)	Section
and Schedule headings are for ease of reference only.

 

		(c)	Unless a contrary indication appears, a capitalized
term used in any notice given under or in connection with this Agreement has the same meaning as defined in this Agreement.

 

		2.	Pledge over Shares and Related Rights

 

		2.1	Undertaking to grant a Pledge and Pledge

 

		(a)	The Pledgor hereby agrees to grant to the Administrative
Agent and each Credit Party (for these purposes being represented by the Administrative Agent) a first ranking pledge in the Shares
and the Related Rights (the "Pledge"), as a continuing security for the Secured Obligations, free and clear of
any Encumbrance of any nature, effective as from the Effective Date, until such time as they have been released and delivered
back in accordance with Section 7 (Release of Security Assets).

 

		(b)	To perfect the Pledge pursuant to paragraph (a) of
this Section 2.1 (Undertaking to grant a Pledge and Pledge), the Pledgor (i) hereby pledges to the Administrative
Agent and each Credit Party (for these purposes being represented by the Administrative Agent) the Shares and the Related Rights,
as a continuing security for the Secured Obligations, free and clear of any Encumbrance of any nature, effective as from the Effective
Date and (ii) shall, on the Effective Date deliver to the Administrative Agent originals of all share certificates issued representing
the existing Shares (if in registered form, duly endorsed in blank (Blankoindossament) and,ifapplicable,withcompleteprecedingendorsements(vollständige
Indossamentenkette)).

 

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		2.2	Future Shares

 

		(a)	The Pledgor shall and/or shall procure that the Company
will, promptly upon the accrual, offer or issue of any future Shares to the Pledgor, deliver to the Administrative Agent the original(s)
of the certificate(s) representing all future Shares (if in registered form, duly endorsed in blank (Blankoindossament)).

		 	 

		(b)	If future Shares are in registered form, the Pledgor
shall procure that the Company establishes or, if applicable, amends its share register (Aktienbuch) to evidence that the
Pledgor is registered as shareholder with respect to the future Shares and that the future Shares are subject to the Pledge.

		 	 

		(c)	If future Shares are in bearer form, the Pledgor shall
procure that the Company amends its register relating to the owners of bearer shares (Verzeichnis der Inhaberaktionäre)
evidencing that the Pledgor has complied with its notification obligations under articles 697i CO.

		 	 

		(d)	The Pledgor shall procure that the Company amends
its register relating to the beneficial ownership (Verzeichnis der wirtschaftlich Berechtigten) evidencing that the Pledgor
has complied with its notification obligations under articles 697j CO.

 

		2.3	Subscription Rights

 

		(a)	As long as no Event of Default has occurred which
is continuing, the Pledgor shall be entitled to exercise any Subscription Rights to which the Pledgor may be entitled (and which
the Pledgor, for the avoidance of doubt, has not waived), provided that all Shares acquired by the Pledgor upon exercise of Subscription
Rights are subject to the Pledge.

 

		(b)	The Pledgor shall notify the Administrative Agent promptly of any grant of
Subscription Rights and it undertakes to notify the Administrative Agent of any intention not to exercise Subscription Rights granted,
if any, not less than 10 days' prior to expiration of the right to exercise such Subscription Rights. In case the Pledgor does
not intend to exercise any Subscription Rights, the Pledgor shall, at the request of the Administrative Agent, assign such Subscription
Rights to the Administrative Agent. The Administrative Agent shall be entitled, but not obliged, to exercise such Subscription
Rights and hold as Security Assets all Shares issued upon such exercise.

 

		(c)	Upon the occurrence of an Event of Default which is
continuing, all rights of the Pledgor under paragraph (a) of this Section 2.3 (Subscription Rights) shall cease, and the
Pledgor hereby agrees to assign and assigns any Subscription Rights existing at such time free of charge to the Administrative
Agent (and for this purpose only, the Subscription Rights are released from the Pledge). The Administrative Agent, for itself
and on behalf of the Credit Parties, shall be entitled, but not obliged, to (i) exercise the Subscription Rights and hold as Security
Assets all Shares issued upon such exercise or (ii) realize the Subscription Rights pursuant to Section 6.1 (Remedies).

 

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		2.4	Dividends

 

		(a)	As long as no Event of Default has occurred which
is continuing, the Pledgor shall be entitled to receive and retain all moneys payable on account of Dividends, subject always
to the terms of the Facility Agreement.

 

		(b)	Upon the occurrence of an Event of Default which is
continuing, all rights of the Pledgor with respect to Dividends shall cease, and the Administrative Agent, for itself and on behalf
of the Credit Parties, shall be entitled to receive as Security Asset all moneys payable on account of Dividends, including Dividends
that were approved and became due but have not been paid out prior to the occurrence of the Event of Default.

 

		2.5	Voting Rights

 

		(a)	As long as no Event of Default has occurred which
is continuing, the Pledgor shall be entitled to exercise all Voting Rights, provided that it shall not exercise any such Voting
Rights in a manner which would prejudice the interests of the Credit Parties under this Agreement, in any manner which is inconsistent
with the terms or purposes of this Agreement, or which could reasonably be expected to have a Material Adverse Effect (as defined
in the Facility Agreement).

		 	 

		(b)	Upon the occurrence of an Event of Default which is
continuing, the Administrative Agent shall have the right to exercise the Voting Rights on behalf of the Pledgor without notice
to the Pledgor. For this purpose, the Pledgor hereby grants the Administrative Agent a power of attorney to exercise the Voting
Rights at any shareholders' meeting of the Company held following the occurrence and during the continuance of an Event of Default.
Furthermore, the Pledor shall (i) timely execute any and all powers of attorney in favor of the Administrative Agent as may be
requested from time to time by the Administrative Agent to be issued separately from the power of attorney granted herein and
(ii) do all acts and things and permit all acts and things to be done which are necessary for the Administrative Agent to exercise
the Voting Rights following the occurrence and during the continuance of an Event of Default.

 

		3.	Delivery of additional documents

 

		(a)	The Pledgor shall deliver to the Administrative Agent
the following documents on the Effective Date (unless already provided under the Facility Agreement):

 

		(i)	the original of an up-to-date certified excerpt from
the commercial register (Handelsregister) relating to the Company;

		 	 

		(ii)	the original of a certified copy of the current articles
of association (Statuten) of the Company, containing no restriction on the transfer of Shares; and

		 	 

		(iii)	a copy of the share register of the Company evidencing
the ownership of the Shares by the Pledgor and reflecting the existence of the Pledge for the benefit of the Administrative Agent
and the Credit Parties, duly signed on behalf of the board of directors of the Company.

 

		(b)	The originals of the share certificates issued representing
the existing Shares shall be delivered to the Administrative Agent in accordance with Section 2.1(b). The Administrative Agent
shall confirm its receipt of the originals of the share certificates in writing.

 

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		4.	Representations and warranties

 

In addition to and without
prejudice to any representations and warranties given by the Pledgor under the Facility Agreement, the Pledgor represents and
warrants to the Administrative Agent on the Effective Date and during the term of this Agreement that:

 

		(a)	the Company is validly incorporated and existing under
the laws of Switzerland, is duly qualified to do business in each jurisdiction where failure to do so would reasonably be expected
to have a Material Adverse Effect, has full power and authority and holds all requisite governmental licenses, permits and other
approvals to own and hold under lease its property and to conduct its business substantially as currently conducted by it;

		 	 

		(b)	the Shares are validly issued by the Company and are
fully paid up and non- assessable (i.e., there are no further payment obligations by holders of Shares towards the Company) and
they represent 65% of the share capital of the Company (subject to any amendment of the share capital made after the Effective
Date and made in compliance with this Agreement and the Facility Agreement) owned by the Pledgor;

		 	 

		(c)	other than the share certificates delivered by it to
the Administrative Agent, no other share certificates have been issued for the Shares (subject to any share certificates that
have been cancelled on or prior to the Effective Date and/or issued after the Effective Date in compliance with this Agreement
and the Facility Agreement);

		 	 

		(d)	the Pledgor is the legal and beneficial owner of the
Shares, free and clear of any Encumbrance of any nature (except for the Pledge to be perfected by such delivery), and the Pledgor
has full power and authority to grant the Security Interest to the Administrative Agent;

		 	 

		(e)	it is the sole legal and beneficial owner of the Security
Assets, free and clear of any Encumbrance of any nature (except for the Security Interest), as of the date hereof has not assigned,
transferred or otherwise disposed of any of its rights, title and interest in the Security Assets and has the unlimited right
of disposal over the Security Assets, and the Security Assets are assignable and no pre-emption rights and, in case of registered
Shares, subject to the definite registration of the amendment of the articles of association as registered in the daily register
of the commercial register of the Canton of Zug on May 31, 2017, no transfer restrictions (Vinkulierung) exist with regard
to the Shares;

		 	 

		(f)	the granting of a power of attorney for the exercise
of voting rights pertaining to the Shares to the Administrative Agent as set out in paragraph (b) of Section 2.5 (Voting Rights)
is permissible and does, in particular, not contravene the articles of association of the Company;

 

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		(g)	the notification obligations under article 697j CO are not applicable to
it as a result of not having effected any transactions triggering such notification requirements since article 697j CO has entered
into force;

 

		(h)	the documents referred to in Section 3 (Delivery of additional documents)
are accurate, complete and up-to-date;

 

		(i)	the Shares do not constitute intermediated securities
pursuant to the FISA; and

 

		(j)	the obligations of the Pledgor under this Agreement are legal, valid, binding
obligations and enforceable against it in accordance with their terms, except to the extent that the enforceability thereof may
be limited by applicable bankruptcy, insolvency, moratorium, reorganization and other laws of general application limiting the
enforcement of creditors’ rights generally, and subject to the physical delivery of the originals of the share certificates
representing the Shares to the Administrative Agent, duly endorsed in blank (Blankoindossament), this Agreement constitutes
an effective, enforceable and validly perfected first ranking Security Interest over the Security Assets.

 

		5.	Undertakings of the Pledgor

 

The Pledgor covenants and agrees, at all times
from the Effective Date and during the term of this Agreement:

 

		(a)	to procure that no resolution of the Pledgor or the Company is passed and
not to take any action that would (i) limit the granting of a power of attorney for the exercise of the Voting Rights to other
shareholders of the Company or (ii) make the Shares subject to any requirement of the approval of the board of directors of the
Company to the transfer of Shares (Vinkulierung);

 

		(b)	not to deposit or register the Shares with SIX SIS AG or any other depository
to the effect that they become intermediated securities (Bucheffekten) pursuant to the FISA;

 

		(c)	to provide the Administrative Agent with all documents, notices, requests
or other written information relating to the Security Assets, which could (or provide information about the occurrence of circumstances
that could) (i) adversely affect the validity or enforceability of the Security Interest created (or to be created) under this
Agreement or (ii) reasonably be expected to result in a Material Adverse Effect;

 

		(d)	from time to time at its own expense, to promptly execute and deliver all
further documents, and take all further action, and provide the Administrative Agent with all information, requests or other communication
relating to the Security Assets that the Administrative Agent reasonably determines are necessary for the purpose of the creation,
perfection, protection, maintenance or realization of the Security Interest or to enable the Administrative Agent to exercise and
enforce its rights and remedies hereunder with respect to any Security Asset; and

 

		(e)	upon the Administrative Agent being entitled to act pursuant to Section
                                                                 6.1 (Remedies), to do all acts and things in its control, and procure that all acts and things be done, which are
                                                                 necessary to properly effect the realization of the Security Assets, in particular, to properly effect any transfer of the
                                                                 Shares to a new owner, free of any Encumbrance
of any nature on any of the Security Assets so transferred, and to procure the board of directors of the Company to approve the
registration in the share register of the Company of any future acquirer of any of the Shares as shareholder with voting rights
with respect to the relevant Shares.

 

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		6.	Realization of the Security Assets

 

		6.1	Remedies

 

		(a)	In accordance with the requirements of the Facility Agreement,
upon the occurrence of an Event of Default which is continuing, the Administrative Agent shall be entitled, but not obliged, without
any further prior notice or communication to the Pledgor (except where such notice or communication is mandatory under applicable
law), to enforce the Security Interest by:

 

		(i)	initiating enforcement proceedings with respect to the Security Assets, i.e.
a formal enforcement in the Security Assets (Betreibung auf Pfandverwertung) pursuant to any applicable official Swiss enforcement
procedure, including the DEBA; or

 

		(ii)	realizing the Security Assets in full or in part through private sale (private
Verwertung), a voluntary public auction pursuant to article 229 CO (freiwillige Versteigerung) and/or acquisition of
full ownership and/or entitlement of the Security Assets for the Administrative Agent's account (Selbsteintritt; for cash
consideration equal to the fair market value of the Security Assets, such fair market value to be equal to the value computed by
an independent expert using a valuation methodology generally recognized as standard market practice for the valuation of shares),
in each case and to the extent permitted by law without having to initiate proceedings under, and without regard to the formalities
provided in, the DEBA, and applying the proceeds thereof to the discharge of the Secured Obligations. For this purpose, the Administrative
Agent shall be entitled to execute such third-party notifications as it deems necessary for the realization of the Security Assets
and, in particular, to notify or request the Pledgor to notify (who hereby undertakes to do so), the Company and to give the Company
appropriate instructions, in particular, to register any acquirer of the Shares who acquires the Shares in the course of enforcement
in the share register as shareholder with voting rights.

 

		(b)	Notwithstanding the foregoing and notwithstanding the
provisions of article 41 DEBA, the Administrative Agent shall be entitled to institute or pursue the enforcement of the Secured
Obligations pursuant to regular debt enforcement proceedings against the Pledgor without having first to institute proceedings
for the enforcement of the Security Interest (Ausschluss des beneficium excussionis realis).

 

		(c)	The Parties agree in advance that a sale according to article 130 DEBA (Freihandverkauf)
shall be admissible.

 

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		(d)	The Administrative Agent shall, upon the occurrence of an Event of Default
which is continuing, have full discretion as to manner, time and place of enforcement of the Security Interest, except that it
shall enforce the Security Interest in such manner as the Majority Lenders shall instruct.

 

		(e)	The Administrative Agent may act as Administrative Agent, contracting in
its own name and on its own account and in the name and for the account of the other Credit Parties (as their direct representative)
as well as in its own name for the account of the other Credit Parties (as their indirect representative) or of third parties in
private or official enforcement proceedings.

 

		(f)	References to provisions of DEBA shall be construed to be references to applicable
equivalent provisions in the bankruptcy and/or insolvency laws applicable to the Pledgor.

 

		6.2	Accounting for proceeds

 

After the sale or other
disposal of the Security Assets outside of official enforcement proceedings, the Administrative Agent shall account for the sale
and, provided that all Secured Obligations have been discharged in full and no further Secured Obligations are capable of arising,
any surplus of the sale or disposal shall be transferred to the Pledgor.

 

		6.3	Allocation / application of proceeds

 

Any and all proceeds received
by the Administrative Agent in connection with the Security Assets shall, be applied to the discharge of the Secured Obligations
which are due and payable in the respective amount and in accordance with the provisions of the Facility Agreement. If any of the
Secured Obligations are not due at the time when enforcement proceeds are received, the Administrative Agent is entitled to retain
such proceeds until all Secured Obligations are fully discharged.

 

		7.	Release of Security Assets

 

		(a)	The Security Assets or, in case of realization of the Security Interest,
the remainder thereof, shall be released and returned to the Pledgor if and when all Secured Obligations have been discharged in
full and no further Secured Obligations are capable of arising. The relevant Security Assets or, in case of an enforcement of the
Security Interest, the remainder thereof, shall be released, and the Administrative Agent agrees to deliver, for itself and on
behalf of the Credit Parties, the original(s) of share certificate(s) then held by it back to the Pledgor. The Administrative Agent
agrees to reassign all Subscription Rights assigned to it (if any) with effect at such time when it delivers the share certificates
evidencing the Shares back to the Pledgor.

 

		(b)	The Administrative Agent shall not make and shall not be deemed to have made
any representation or warranty, whether express or implied, with respect to any Security Assets so released, except that any such
Security Assets shall be released to the Pledgor free and clear of Encumbrances, if any, granted by the Administrative Agent.

 

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		8.	Reinstatement

 

		(a)	If any payment received by the Administrative Agent and a Credit Party in
respect of Secured Obligations, whereupon Security Assets (or any part thereof) were released, is avoided or reduced as a result
of insolvency or otherwise:

 

		(i)	this Agreement, the liability of the Pledgor and the Security Interest expressed
to be created under this Agreement shall be re-instated and continue as if the payment, release, avoidance or reduction had not
occurred; and

 

		(ii)	the Pledgor shall return and deliver (as the case may be) to the Administrative
Agent, on behalf of the Credit Parties, any Security Assets, including, for the avoidance of doubt, any proceeds from the disposal
of and any other substitutes for the Security Assets, as if the repayment, release, avoidance or reduction had not occurred.

 

		(b)	In addition, the Security Interest shall not be affected in any way by any
intermediate discharge of any but not all of the Secured Obligations and/or by an amendment, transfer (including by way of novation,
if applicable), extension, compromise or release of any or all of the Secured Obligations or of any other security interest from
time to time. To the extent mandatory law applicable to this Agreement works to the effect that the Security Interest would not
be a continuing security by operation of any such act, the Pledgor agrees that the Security Interest created hereunder is, to the
extent required, reinstated.

 

		9.	Role and liability of the Administrative Agent

 

		9.1	Appointment

 

In
connection with the Security Interest, the Administrative Agent is appointed to act (i) with respect to the Pledge, for itself
and as a direct representative (direkter Stellvertreter), acting in the name and on behalf of the Credit Parties and (ii)
with respect to the assignment of Subscription Rights set out in paragraphs (b) and (c) of Section 2.3 (Subscription Rights),
for itself and as an indirect representative (indirekter Stellvertreter), acting in its own name but for the account of
the Credit Parties. In particular, each Credit Party has authorized the Administrative Agent to take such actions as agent on its
behalf and to exercise such powers under the Credit Documents as are delegated to the Administrative Agent by such Credit Party
by the terms hereof, together with such powers as are reasonably incidental thereto all in accordance with section 14.1 of the
Facility Agreement. The Pledgor acknowledges such rights and powers.

 

		9.2	Replacement of the Administrative Agent

 

The provisions of section
14.12 of the Facility Agreement shall apply to the replacement of the Administrative Agent. If a successor to the Administrative
Agent is appointed, all rights and obligations of the retiring Administrative Agent shall be deemed to be transferred by way of
transfer of the entire contractual relationship of this Agreement (Vertragsübernahme) to the successor Administrative
Agent and the retiring Administrative Agent shall be discharged from any further obligations under this Agreement and its successor
and each of the Parties shall have the same rights and obligations amongst themselves as they would have had if such successor
had been an original Party to this Agreement. For the avoidance of doubt, if such replacement Administrative Agent is appointed
pursuant to the terms of 14.12 of the Facility Agreement, the Pledgor herewith agrees to accept such replacement and to accept
the successor as new Administrative Agent under this Agreement.

 

    	 	 	 12/16

     

    

 

		9.3	Liability of the Administrative Agent

 

The Administrative Agent
shall have no duty or liability to collect any sum due, or to protect or preserve any rights, in respect of the Shares other than
exercising reasonable care to ensure the safe custody of the original certificates representing Shares delivered to it under this
Agreement, and it shall be released from any liability whatsoever upon returning these certificates to the Pledgor.

 

		10.	Assignments and transfers

 

		(a)	The Pledgor shall not be entitled to assign or transfer rights, benefits
and obligations under this Agreement.

		 	 

		(b)	Each Assenting Lender or Purchasing Lender which has
become a party to the Facility Agreement in accordance with section 8.3 or section 15.5(c), respectively, of the Facility Agreement
shall, by way of a transfer of a contractual position (Vertragsübernahme), automatically become a party (Vertragspartei)
to this Agreement, and thereby assume all rights and obligations of a Credit Party as if it would have been an original Party
hereto, to the extent that a Lender has transferred all or parts of its rights and obligations under the Facility Agreement to
that proposed additional Lender. With such accession hereto, each Assenting Lender and Purchasing Lender automatically accepts
its representation by the Administrative Agent pursuant to Section 9.1 (Appointment). In case of a complete transfer of
all of a transferring Lender's rights, benefits and obligations to a Assenting Lender or Purchasing Lender in accordance with
sections 8.3 and 15.5(c) of the Facility Agreement, that transferring Lender shall cease to be a party to this Agreement. For
the avoidance of doubt, the Pledgor herewith agrees to accept, and undertakes to timely do all acts and things and permit all
acts and things to be done which are necessary to give effect to, such a transfer of a contractual position (Vertragsübernahme).

 

		11.	General provisions

 

		11.1	Taxes, costs and expenses

 

All taxes, reasonable costs
and expenses (including legal, audit, valuation) arising out of or in connection with the perfection, maintenance, protection,
enforcement and release of the Security Interest respectively the Security Assets under this Agreement or the exercise of any of
the Administrative Agent's or the Credit Party's rights granted under this Agreement shall be borne by the Pledgor.

 

    	 	 	 13/16

     

    

 

		11.2	Notices

 

All notices or other
communications to be given under or in connection with this Agreement shall be made in accordance with section 15.1 of the
Facility Agreement.

 

		11.3	Currency conversion

 

For the purpose of or pending
the discharge of any of the Secured Obligation, the Administrative Agent or any other Credit Party may convert any money received,
recovered or realized or subject to application by it under this Agreement from one currency to another, as the Administrative
Agent or the relevant Credit Party considers reasonably appropriate. Any such conversion shall be effected at the Administrative
Agent's or such Credit Party spot rate of exchange for the time being for obtaining such other currency with the first currency.

 

		11.4	Entire agreement

 

This Agreement, including
the Schedule and any other documents referred to herein, constitute the entire agreement and understanding among the Parties with
respect to the subject matter hereof, and shall supersede all prior oral and written agreements or understandings of the Parties
relating hereto.

 

		11.5	Cumulative rights

 

The Security Interest constituted
by this Agreement and the right relating thereto shall be cumulative, in addition to, and independent of, every other security
which the Administrative Agent or any other Credit Party may at any time hold for the Secured Obligations or any rights, powers
and remedies provided by law.

 

		11.6	Amendments and waivers

 

		(a)	This Agreement may only be modified or amended by a document signed by the
Pledgor and the Administrative Agent (acting also on behalf of the other Credit Parties). Any provision contained in this Agreement
may only be waived by a document signed by the party waiving such provision.

 

		(b)	No failure or delay on the part of the Administrative
Agent or any other Credit Party in exercising any power or right under this Agreement shall operate as a waiver thereof, nor shall
any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any
other power or right.

 

		11.7	Severability

 

Should any part or provision
of this Agreement be held to be invalid or unenforceable by any competent arbitral tribunal, court, governmental or administrative
authority having jurisdiction, the other provisions of this Agreement shall nonetheless remain valid. In this case, the Parties
hereto shall negotiate in good faith a substitute provision that best reflects the economic intentions of the Parties without being
unenforceable, and shall execute all agreements and documents required in this connection.

 

    	 	 	 14/16

     

    

 

		11.8	Counterparts

 

This Agreement (or any amendment
thereof) may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were
on a single copy of this Agreement (or the relevant amendment thereof). Delivery of an executed counterpart of a signature page
to this Agreement (or any amendment thereof) by facsimile or other electronic transmission shall be effective as delivery of manually
executed counterpart of this Agreement (or the relevant amendment thereof).

 

		12.	Governing law and jurisdiction

 

		12.1	Governing law

 

This Agreement shall in
all respects, including all the rights in rem aspects, be governed by and construed in accordance with the substantive laws
of Switzerland (i.e. with the exception of the collision rules of Swiss international private law).

 

		12.2	Jurisdiction

 

		(a)	All disputes arising out of or in connection with this
Agreement, including disputes on its conclusion, binding effect, amendment and termination, shall be resolved by the competent
courts of Zurich (city district 1), Switzerland.

 

		(b)	The Administrative Agent and the other Credit Parties
shall have in addition the right to institute legal proceedings against the Pledgor before any other competent court, in which
case Swiss law shall nevertheless be applicable as provided in Section 12.1 (Governing law).

 

		12.3	Special domicile

 

The Pledgor elects Zurich
(city district 1) as its special domicile pursuant to article 50 paragraph 2 DEBA.

 

 

signature page follow

 

    	 	 	 15/16

     

    

 

	Royal Gold, Inc.	 
	 	 
	/s/ Stefan Wenger 	 
	 	 
	Name: Stefan Wenger 	 

 

    	 	Signature Page to Swiss Pledge Agreement

     

    

 

	The
    Bank of Nova Scotia	 
	 	 
	 	 
	/s/ Clement Yu 	 
	Name:	Clement Yu	
	 	Director	 

 

    	 	Signature Page to Swiss Pledge Agreement

     

    

 

Execution version

 

Schedule: Shares

 

	
         

        Type
	
         

        Certificate number
	
         

        Share number(s)
	
         

        Total nominal value (in CHF)

	
         

        Registered
	
         

        2
	
         

        351 – 1,000
	
         

        650,000

	
         

        Total
	 	 	
         

        650,000

 

    	 	 	 16/16Exhibit 10.1

 

TEXAS JACK OIL & GAS CORPORATION

DIRECTOR RETAINER AGREEMENT 

 

THIS DIRECTOR RETAINER
AGREEMENT (“Agreement”) is entered into by and between Texas Jack Oil & Gas Corporation, a Nevada corporation (“Corporation”)
and Lai Kah Yin (“Director”) as of April 30, 2017.

 

WHEREAS, Director has
been duly elected as a director of the Corporation in accordance with the Corporation’s bylaws; and

 

WHEREAS, the Corporation
wishes to compensate Director as consideration for his expected service as a director;

 

NOW THEREFORE, in consideration
of the premises and the mutual covenants contained in this Agreement, the parties agree as follows:

 

	1.	Services Provided.  

 

Director agrees, subject to Director’s
continued status as a director as determined by the Board of Directors of the Corporation (“Board”) and its stockholders
(if applicable), to serve as a member of the Board and to provide those services (“Services”) required of a director
under the Corporation’s certificate of incorporation and bylaws (“Charter and Bylaws”), as both may be amended
from time to time, and under the corporate law of the State of Nevada, the federal securities laws and other state and federal
laws and regulations, as applicable.

 

Director agrees to cooperate with
the Corporation and its attorneys, both during and after the termination of this Agreement, in connection with any litigation or
other proceeding arising out of or relating to matters of which Director was involved prior to the termination of this Agreement.
Director's cooperation shall include, without limitation, providing assistance to Corporation’s counsel, experts and consultants,
and providing truthful testimony in pretrial and trial or hearing proceedings. In the event that Director’s cooperation is
requested after the termination of this Agreement, Corporation will (x) seek to minimize interruptions to Director’s schedule
to the extent consistent with its interests in the matter; and (y) reimburse executive for all reasonable and appropriate out-of-pocket
expenses actually incurred by Director in connection with such cooperation upon reasonable substantiation of such expenses.

 

Director agrees that Director will
not testify voluntarily in any lawsuit or other proceeding which directly or indirectly involves Corporation, or any affiliated
companies, or which may create the impression that such testimony is endorsed or approved by Corporation or its affiliated companies,
without advance notice (including the general nature of the testimony) to and, as such testimony is without subpoena or other compulsory
legal process the approval of, the Corporation’s general counsel.

 

	2.	Nature of Relationship.  

 

Director is an independent contractor and will
not be deemed an employee of the Corporation for purposes of employee benefits, income tax withholding, F.I.C.A. taxes, unemployment
benefits or otherwise. Except as authorized by the Board of Directors or the Corporation’s Charter and Bylaws, or as allowed
by law, Director shall not hold himself out as an agent of the Corporation or enter into any agreement or incur any obligations
on the Corporation’s behalf. This Agreement shall not be deemed an employment contract between the Corporation (or any of
its subsidiaries or related companies) and Director. Director specifically acknowledges that the term of service provided by this
Agreement is set forth in Section 7 below.

 

	3.	Corporation Information.  

 

The Corporation will supply to Director, at
the Corporation’s expense:

 

	 	a.	periodic briefings on the business and operations of the Corporation; 

 

	 	b.	“director packages” (which will include but will not be limited to, for example, meeting agendas and Corporation reports) for each Board and Committee meeting, at a reasonable time before each meeting; 

 

	 	c.	Copies of minutes of all requested stockholders’, directors’ and Committee meetings; 

 

	 	d.	Any other materials that are required under the Charter and Bylaws or the charter of any Committee on which the Director serves; and 

 

	 	e.	Any other materials which may, in the reasonable judgment of Corporation, be necessary for performing the Services.  

 

 

 

    	 	1	 

     

    

 

	4.	Representations, Warranties and Covenants of Director.  

 

	 	4.1	Director agrees to provide complete and
    accurate information and to permit Corporation to perform a full background investigation. Accordingly, Director represents
    and warrants that the information provided to the Corporation regarding Director’s experience, background and expertise
    is truthful, accurate and complete.  

 

	 	4.2	Director represents and warrants that the performance of the Services will not violate any agreement to which Director is a party, compromise any rights or trust between any other party and Director, or create a conflict of interest.  

 

	 	4.3	Director agrees not to enter into any agreement during the term of this Agreement that will create a conflict of interest with this Agreement.

 

	 	4.4	Director agrees to comply with all applicable state and federal laws and regulations, including Section 10 and Section 16 of the Securities and Exchange Act of 1934 and the rules promulgated thereunder.  

 

	5.	Compensation.  

 

	 	5.1	Retainer.   The Corporation shall not pay Director for Director’s Service. 

 

	 	5.2	Expenses.   The
    Corporation will reimburse Director for reasonable expenses incurred in the performance of the Services promptly upon
    submission of invoices and receipts for such expenses in a form reasonably acceptable to the Corporation, provided that such
    expenses are approved in writing in advance. Such approval by the Corporation shall not be unreasonably withheld or
    delayed. Director’s expenses shall not be reimbursable hereunder if those expenses do not qualify for
    reimbursement under the Charter and Bylaws.

 

	6.	Indemnification. 

 

	 	6.1	The Corporation has previously executed, or shall execute concurrently with the execution of this Agreement, an Indemnity Agreement with Director substantially in the form attached hereto as Exhibit A.

 

	7.	Term and Termination.  

 

	 	7.1	This Agreement shall be effective
    beginning on the date hereof and continuing until the last day of Director’s current term as a director of the
    Corporation, unless earlier terminated as provided in this Section. This Agreement shall automatically renew upon the date of
    Director’s reelection as a director of the Corporation.

 

	 	7.2	The term of service as a Director under this Agreement is as specified in the bylaws of the Corporation, unless earlier terminated as provided in this Section.  

 

	 	7.3	Director may at any time, and for any reason, resign from such position subject to any other contractual obligation or any obligation imposed by operation of law.  

 

	 	7.4	Director may be removed from the Board or any Committee, with or without cause.

 

	 	7.5	This Agreement shall automatically terminate upon the death or disability of Director or upon his resignation or removal from the Board.   For purposes of this Section, “disability” shall mean the inability of Director to perform the Services for a period of at least fifteen (15) consecutive days.  

 

	 	7.6	In the event of any termination of this
    Agreement, Director agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement
    except as may be necessary to fulfill any outstanding obligations hereunder. Director agrees that the Corporation has the
    right of injunctive relief to enforce this provision.  

 

	 	7.7	Upon termination of this Agreement, the Corporation shall promptly pay Director all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation. 

 

	8.	Proprietary Information, Inventions and Non-Competition.  

 

Director shall, concurrently with the execution
of this Agreement, enter into a Proprietary Information, Inventions and Non-Competition Agreement with the Corporation substantially
in the form attached hereto as Exhibit B. 

 

 

 

    	 	2	 

     

    

 

	9.	Assignment.  

 

This Agreement and all of the provisions hereof
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns and,
except as otherwise expressly provided herein, neither this Agreement, nor any of the rights, interests or obligations hereunder
shall be assigned by either of the parties hereto without the prior written consent of the other party.

 

	10.	General.  

 

	 	10.1	Governing Law and
    Venue.   This Agreement and the legal relations among the parties shall be governed by, and construed and
    enforced in accordance with, the laws of the State of Nevada, without regard to its conflict of laws rules. The Corporation
    and Director hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in
    connection with this Agreement shall be brought only in the State of Nevada (the “Nevada Court”), and not
    in any other state or federal court in the United States of America or any court in any other country, (ii) consent to
    submit to the exclusive jurisdiction of the Nevada Court for purposes of any action or proceeding arising out of or in
    connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the
    Nevada Court and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in
    the Nevada Court has been brought in an improper or inconvenient forum.  

 

	 	10.2	Notices.   All notices and other communications required or permitted hereunder will be in writing and will be delivered by hand or sent by overnight courier or e-mail to: 

 

	
        Corporation:

        J1. Sunter Kemayoran No. 268 Jakarta Utara

        14350 Indonesia

        Attn: Chief Financial Officer

        Fax: __________________

        e-mail: _________________
	
        Director:

        Lai Kah Yin

        ___________________

        ___________________

        Fax: _______________

        email: ______________

 

 

	 	10.3	Severability.   In the event that any provision of this Agreement is held to be unenforceable under applicable law, this Agreement will continue in full force and effect without such provision and will be enforceable in accordance with its terms.

 

	 	10.4	Survival of Obligations.   Notwithstanding the expiration or termination of this Agreement, neither party hereto shall be released hereunder from any liability or obligation to the other which has already accrued as of the time of such expiration or termination (including, without limitation, Corporation’s obligation to make any fees and expense payments) or which thereafter might accrue in respect of any act or omission of such party prior to such expiration or termination.

 

	 	10.5	Entire Agreement.   This Agreement, along with the Exhibits referenced herein that may be previously or contemporaneously executed, embodies the entire agreement and understanding between the parties hereto with respect to the subject matter of this Agreement and supersedes all prior or contemporaneous agreements and understanding other than this Agreement relating to the subject matter hereof.  

 

	 	10.6	Amendment and
    Waiver.   This Agreement may be amended only by a written agreement executed by the parties
    hereto. No provision of this Agreement may be waived except by a written document executed by the party
    entitled to the benefits of the provision. No waiver of a provision will be deemed to be or will constitute
    a waiver of any other provision of this Agreement. A waiver will be effective only in the specific instance and for the
    purpose for which it was given, and will not constitute a continuing waiver.

 

	 	10.7	Counterparts.   This Agreement may be signed in any number of counterparts, each of which will be deemed an original, but all of which together will constitute one instrument.  The parties hereto agree to accept a facsimile transmission copy of their respective actual signatures as evidence of their actual signatures to this Agreement and any modification or amendment of this Agreement; provided, however, that each party who produces a facsimile signature agrees, by the express terms hereof, to place, promptly after transmission of his or her signature by fax, a true and correct original copy of his or her signature in overnight mail to the address of the other party.

 

 

[The remainder of this page has been intentionally
left blank. Signature page(s) to follow]

 

 

 

    	 	3	 

     

    

 

IN WITNESS WHEREOF, the
undersigned have executed this Director Retainer Agreement as of the date first written above.

 

 

	
        TEXAS JACK OIL & GAS CORPORATION

         

	 	 
	By:	 	 
	Printed Name:  Lai Kah Yin
	Title:	 	  Chief Financial Officer
	 
	
         

         

         

         

        DIRECTOR

         

	 	 
	By:	 	 
	 	 	Lai Kah Yin
	 

 

 

 

 

    	 	4	 

     

    

 

 

EXHIBIT A 

 

 

 

INDEMNITY AGREEMENT 

 

This Indemnity Agreement
(“Agreement”) is effective as of April 30, 2017, by and between Texas Jack Oil & Gas Corporation, a Nevada
corporation (the “Company”), and Lai Kah Yin (“Indemnitee”).

 

RECITALS

 

WHEREAS, the Board of
Directors of the Company (the “Board”) has determined that, in order to attract and retain qualified individuals,
the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the
Company and its subsidiaries from certain liabilities.

 

WHEREAS, the Articles
of Incorporation and Bylaws of the Company require indemnification of the officers and directors of the Company. Indemnitee may
also be entitled to indemnification pursuant to the Nevada Revised Statutes (“NRS”). The Articles of Incorporation
and Bylaws of the Company and the NRS expressly provide that the indemnification provisions set forth therein are not exclusive,
and thereby contemplate that contracts may be entered into between the Company and members of the Board, officers and other persons
with respect to indemnification;

 

WHEREAS, it is reasonable,
prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such
persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue
concern that they will not be so indemnified; and

 

NOW, THEREFORE, in consideration
of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:

 

Section 1. Services
to the Company. Indemnitee agrees to serve as a director of the Company. Indemnitee may at any time and for any reason resign
from such position (subject to any other contractual obligation or any obligation imposed by operation of law), in which event
the Company shall have no obligation under this Agreement to continue to allow Indemnitee to serve as a director. This Agreement
shall not be deemed an employment contract between the Company (or any of its subsidiaries or any Enterprise) and Indemnitee. Indemnitee
specifically acknowledges that Indemnitee may be removed as a director at any time for any reason, with or without cause, in accordance
with the Company’s Articles of Incorporation, its Bylaws, the NRS and any agreement between Company and Indemnitee. The foregoing
notwithstanding, this Agreement shall continue in force after Indemnitee has ceased to serve as a director of the Company.

 

Section 2. Definitions.
As used in this Agreement:

 

(a) A “Change
in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the following
events:

 

(i) Acquisition of
Stock by Third Party. Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly,
of securities of the Company representing twenty percent (20%) or more of the combined voting power of the Company’s
then outstanding securities;

 

(ii) Change in Board
of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this
Agreement), individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated
by a person who has entered into an agreement with the Company to effect a transaction described in Sections 2(a)(i), 2(a)(iii)
or 2(a)(iv)) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote
of at least a majority of the directors then still in office who either were directors at the beginning of the period or whose
election or nomination for election was previously so approved, cease for any reason to constitute a least a majority of the members
of the Board;

 

 

 

    	 	5	 

     

    

 

(iii) Corporate Transactions.
The effective date of a merger or consolidation of the Company with any other entity, other than a merger or consolidation which
would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to
represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 51%
of the combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation
and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity;

 

(iv) Liquidation.
The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement for the sale or disposition
by the Company of all or substantially all of the Company’s assets; and

 

(v) Other Events.
There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of
Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the Exchange Act (as defined
below), whether or not the Company is then subject to such reporting requirement.

 

For purposes of this Section 2(a),
the following terms shall have the following meanings:

 

(A) “Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended.

 

(B) “Person”
shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act; provided, however, that Person shall
exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of the
Company and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same
proportions as their ownership of stock of the Company.

 

(C) “Beneficial
Owner” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act; provided, however, that
Beneficial Owner shall exclude any Person otherwise becoming a Beneficial Owner by reason of the stockholders of the Company approving
a merger of the Company with another entity.

 

(b) “Corporate
Status” describes the status of a person who is or was a director, trustee, general partner, managing member, officer,
employee, agent or fiduciary of the Company or of any other corporation, partnership or joint venture, trust, employee benefit
plan or other enterprise which such person is or was serving at the request of the Company.

 

(c) “Disinterested
Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification
is sought by Indemnitee.

 

(d) “Enterprise”
shall mean the Company and any other corporation, partnership, limited liability company, joint venture, trust, employee benefit
plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, trustee, general partner,
managing member, officer, employee, agent or fiduciary.

 

(e) “Expenses”
shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel
expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements
or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating,
being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses also shall include Expenses incurred
in connection with any appeal resulting from any Proceeding, including without limitation the premium, security for, and other
costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Expenses, however, shall not include
amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

(f) “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently
is, nor in the past five (5) years has been, retained to represent: (i) the Company or Indemnitee in any matter material
to either such party (other than with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees
under similar indemnification agreements) or (ii) any other party to the Proceeding giving rise to a claim for indemnification
hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the
applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company
or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable
fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses,
claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.

 

 

    	 	6	 

     

    

 

(g) “Proceeding”
shall include any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation,
inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in the right of the Company
or otherwise and whether of a civil, criminal, administrative or investigative nature, including any appeal therefrom, in which
Indemnitee was, is or will be involved as a party, a potential party, a non-party witness or otherwise by reason of the fact that
Indemnitee is or was a director or officer of the Company, by reason of any action taken by him or of any action or inaction on
his part while acting as director or officer of the Company, or by reason of the fact that he is or was serving at the request
of the Company as a director, trustee, general partner, managing member, officer, employee or agent of another corporation, partnership,
joint venture, trust or fiduciary of the Company or any other enterprise, in each case whether or not serving in such capacity
at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement of expenses can be provided
under this Agreement.

 

(h) Reference to “other
enterprise” shall include employee benefit plans; references to “fines” shall include any excise tax
assessed with respect to any employee benefit plan; references to “serving at the request of the Company” shall
include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by,
such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person
who acted in good faith and in a manner he reasonably believed to be in the best interests of the participants and beneficiaries
of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Company”
as referred to in this Agreement.

 

Section 3. Indemnity
in Third-Party Proceedings. The Company shall indemnify Indemnitee in accordance with the provisions of this Section 3
if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in
the right of the Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee shall be indemnified against
all Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his behalf in
connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the Company and, in the case of a criminal proceeding had no reasonable
cause to believe that his conduct was unlawful.

 

Section 4. Indemnity
in Proceedings by or in the Right of the Company. The Company shall indemnify Indemnitee in accordance with the provisions
of this Section 4 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in the
right of the Company to procure a judgment in its favor. Pursuant to this Section 4, Indemnitee shall be indemnified against
all Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding or any claim, issue or
matter therein, if Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests
of the Company. No indemnification for Expenses shall be made under this Section 4 in respect of any claim, issue or matter
as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless and only to the extent that
the Nevada Court of Chancery or any court in which the Proceeding was brought shall determine upon application that, despite the
adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification.

 

Section 5. Indemnification
for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of this Agreement, to the
extent that Indemnitee is a party to (or a participant in) and is successful, on the merits or otherwise, in any Proceeding or
in defense of any claim, issue or matter therein, in whole or in part, the Company shall indemnify Indemnitee against all Expenses
actually and reasonably incurred by him in connection therewith. If Indemnitee is not wholly successful in such Proceeding but
is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the
Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection
with each successfully resolved claim, issue or matter. If the Indemnitee is not wholly successful in such Proceeding, the Company
also shall indemnify Indemnitee against all Expenses actually and reasonably incurred in connection with a claim, issue or matter
related to any claim, issue, or matter on which the Indemnitee was successful. For purposes of this Section and without limitation,
the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to
be a successful result as to such claim, issue or matter.

 

Section 6. Indemnification
For Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason
of his Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, he shall be indemnified against all Expenses
actually and reasonably incurred by him or on his behalf in connection therewith.

 

 

 

    	 	7	 

     

    

 

Section 7. Additional
Indemnification.

 

(a) Notwithstanding any
limitation in Sections 3, 4, or 5, the Company shall indemnify Indemnitee to the fullest extent permitted by law if Indemnitee
is a party to or threatened to be made a party to or a participant in any Proceeding (including a Proceeding by or in the right
of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and amounts paid in settlement actually
and reasonably incurred by Indemnitee in connection with the Proceeding.

 

(b) For purposes of Section 7(a),
the meaning of the phrase “to the fullest extent permitted by law” shall include, but not be limited to:

 

(i) to the fullest extent
permitted by the provision of the NRS that authorizes or contemplates additional indemnification by agreement, or the corresponding
provision of any amendment to or replacement of the NRS; and

 

(ii) to the fullest extent
authorized or permitted by any amendments to or replacements of the NRS adopted after the date of this Agreement that increase
the extent to which a corporation may indemnify its officers and directors.

 

Section 8. Exclusions.
Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity
in connection with any claim made against Indemnitee:

 

(a) for which payment
has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except with respect
to any excess beyond the amount paid under any insurance policy or other indemnity provision, except (i) to the extent that
amounts are thereafter “clawed back” or otherwise under dispute and (ii) as may be otherwise agreed upon by the
Company in writing;

 

(b) for an accounting
of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning
of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common
law; or

 

(c) in connection with
any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding)
initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless (i) the Board
authorized the Proceeding (or any part of the Proceeding) prior to its initiation (ii) the Company provides the indemnification,
in its sole discretion, pursuant to the powers vested in the Company under applicable law or (iii) such Proceeding is initiated
by Indemnitee to enforce his rights under this Agreement.

 

Section 9. Advances
of Expenses. Notwithstanding any provision of this Agreement to the contrary, the Company shall advance the expenses incurred
by Indemnitee in connection with any Proceeding within thirty (30) days after the receipt by the Company of a statement or
statements requesting such advances from time to time (which shall include invoices received by Indemnitee in connection with such
Expenses but, in the case of invoices in connection with legal services, any references to legal work performed or to expenditures
made that would cause Indemnitee to waive any privilege accorded by applicable law shall not be so included), whether prior to
or after final disposition of any Proceeding. Advances shall be unsecured and interest free. Advances shall be made without regard
to Indemnitee’s ability to repay the expenses and without regard to Indemnitee’s ultimate entitlement to indemnification
under the other provisions of this Agreement. Advances shall include any and all reasonable Expenses incurred pursuing an action
to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the Company to support
the advances claimed. The Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement
which shall constitute an undertaking providing that the Indemnitee undertakes to repay the advance to the extent that it is ultimately
determined that Indemnitee is not entitled to be indemnified by the Company. This Section 9 shall not apply to any claim made
by Indemnitee for which indemnity is excluded pursuant to Section 8.

 

Section 10. Procedure
for Notification and Defense of Claim.

 

(a) To obtain indemnification
under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation
and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee
is entitled to indemnification, not later than thirty (30) days after receipt by Indemnitee of notice of the commencement
of any Proceeding. The failure by Indemnitee to notify the Company will not relieve the Company from any liability which it may
have to Indemnitee hereunder or under any other agreement (including, without limitation, the Company’s Certificate of Incorporation
and Bylaws), and any delay in so notifying the Company shall not constitute a waiver by Indemnitee of any rights hereunder, except
to the extent (solely with respect to the indemnity hereunder) that such failure or delay materially prejudices the Company. The
Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee
has requested indemnification.

 

 

 

    	 	8	 

     

    

 

(b) The Company will
be entitled to participate in the Proceeding at its own expense.

 

Section 11. Procedure
Upon Application for Indemnification.

 

(a) Upon written request
by Indemnitee for indemnification pursuant to the first sentence of Section 10(a), a determination, if required by
applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) if a Change
in Control shall have occurred, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to
Indemnitee or (ii) if a Change in Control shall not have occurred, (A) by a majority vote of the Disinterested Directors,
even though less than a quorum of the Board, (B) by a committee of Disinterested Directors designated by a majority vote of
the Disinterested Directors, even though less than a quorum of the Board, (C) if there are no such Disinterested Directors
or, if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall
be delivered to Indemnitee or (D) if so directed by the Board, by the stockholders of the Company; and, if it is so determined
that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such determination.
Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement
to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or
information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and
reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements) incurred
by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective
of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to
hold Indemnitee harmless therefrom.

 

(b) In the event the
determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 11(a) hereof,
the Independent Counsel shall be selected as provided in this Section 11(b). If a Change in Control shall not have
occurred, the Independent Counsel shall be selected by the Board, and the Company shall give written notice to Indemnitee advising
him of the identity of the Independent Counsel so selected. If a Change in Control shall have occurred, the Independent Counsel
shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board, in which event the preceding
sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel
so selected. In either event, Indemnitee or the Company, as the case may be, may, within ten (10) days after such written
notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection to
such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so
selected does not meet the requirements of “Independent Counsel” as defined in Section 2 of this Agreement,
and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection,
the person so selected shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent
Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined
that such objection is without merit. If, within twenty (20) days after submission by Indemnitee of a written request for
indemnification pursuant to Section 10(a) hereof, no Independent Counsel shall have been selected and not objected
to, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall
have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as
Independent Counsel of a person selected by the Court or by such other person as the Court shall designate, and the person with
respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 11(a)
hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 13(a) of this Agreement,
Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable
standards of professional conduct then prevailing).

 

Section 12. Presumptions
and Effect of Certain Proceedings.

 

(a) In making a determination
with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination shall presume
that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in
accordance with Section 10(a) of this Agreement, and the Company shall have the burden of proof to overcome that presumption
in connection with the making by any person, persons or entity of any determination contrary to that presumption. Neither the failure
of the Company (including by its directors or independent legal counsel) to have made a determination prior to the commencement
of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable
standard of conduct, nor an actual determination by the Company (including by its directors or independent legal counsel) that
Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee
has or has not met the applicable standard of conduct.

 

 

 

    	 	9	 

     

    

 

(b) If the person, persons
or entity empowered or selected under Section 11 of this Agreement to determine whether Indemnitee is entitled to indemnification
shall not have made a determination within sixty (60) days after receipt by the Company of the request therefor, the requisite
determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification,
absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification or (ii) a prohibition of such indemnification
under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an
additional thirty (30) days, if the person, persons or entity making the determination with respect to entitlement to indemnification
in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto;
and provided, further, that the foregoing provisions of this Section 12(b) shall not apply (i) if
the determination of entitlement to indemnification is to be made by the stockholders pursuant to Section 11(a) of
this Agreement and if (A) within fifteen (15) days after receipt by the Company of the request for such determination
the Board has resolved to submit such determination to the stockholders for their consideration at an annual meeting thereof to
be held within seventy-five (75) days after such receipt and such determination is made thereat, or (B) a special meeting
of stockholders is called within fifteen (15) days after such receipt for the purpose of making such determination, such meeting
is held for such purpose within sixty (60) days after having been so called and such determination is made thereat or (ii) if
the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 11(a)
of this Agreement.

 

(c) The termination of
any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo
contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect
the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which
he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding,
that Indemnitee had reasonable cause to believe that his conduct was unlawful.

 

(d) Reliance as Safe
Harbor. For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s
action is based on the records or books of account of the Enterprise, including financial statements, or on information supplied
to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise
or on information or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser
or other expert selected with reasonable care by the Enterprise. The provisions of this Section 12(d) shall not be
deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable
standard of conduct set forth in this Agreement.

 

(e) Actions of Others.
The knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed
to Indemnitee for purposes of determining the right to indemnification under this Agreement.

 

Section 13. Remedies
of Indemnitee.

 

(a) In the event that
(i) a determination is made pursuant to Section 11 of this Agreement that Indemnitee is not entitled to indemnification
under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 9 of this Agreement,
(iii) no determination of entitlement to indemnification shall have been made pursuant to Section 11(a) of this
Agreement within forty-five (45) days after receipt by the Company of the request for indemnification, (iv) payment of
indemnification is not made pursuant to Section 5 or 6 or the last sentence of Section 11(a) of this Agreement
within ten (10) days after receipt by the Company of a written request therefor, (v) payment of indemnification pursuant
to Section 3, 4 or 7 of this Agreement is not made within ten (10) days after a determination has been made that
Indemnitee is entitled to indemnification or (vi) the Company or any other person or entity takes or threatens to take any
action to declare this Agreement void or unenforceable, or institutes any litigation or other action or proceeding designed to
deny, or to recover from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee shall
be entitled to an adjudication by a court, selected pursuant to Section 22, to such indemnification or advancement of Expenses.
Alternatively, Indemnitee, at his option, may seek an award in arbitration to be conducted by a single arbitrator through the Judicial
Arbitration and Mediation Service (“JAMS”). Indemnitee shall commence such proceeding seeking an adjudication or an
award in arbitration within 180 days following the date on which Indemnitee first has the right to commence such proceeding pursuant
to this Section 13(a); provided, however, that the foregoing clause shall not apply in respect of a proceeding
brought by Indemnitee to enforce his rights under Section 5 of this Agreement. The Company shall not oppose Indemnitee’s
right to seek any such adjudication or award in arbitration.

 

 

 

    	 	10	 

     

    

 

(b) In the event that
a determination shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee is not entitled to
indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 13 shall be conducted in
all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse
determination. In any judicial proceeding or arbitration commenced pursuant to this Section 13 the Company shall have
the burden of proving Indemnitee is not entitled to indemnification or advancement of Expenses, as the case may be.

 

(c) If a determination
shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee is entitled to indemnification, the
Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 13,
absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification or (ii) a prohibition of such indemnification
under applicable law.

 

(d) The Company shall
be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 13 that the
procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before
any such arbitrator that the Company is bound by all the provisions of this Agreement. The Company shall indemnify Indemnitee against
any and all Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company of a written
request therefore) advance such Expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought
by Indemnitee for indemnification or advancement of Expenses from the Company under this Agreement or under any directors’
and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined
to be entitled to such indemnification, advancement of Expenses or insurance recovery, as the case may be.

 

Section 14. Non-exclusivity;
Survival of Rights; Insurance; Subrogation.

 

(a) The rights of indemnification
and to receive advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which
Indemnitee may at any time be entitled under applicable law, the Company’s Certificate of Incorporation, the Company’s
Bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of
this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any
action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the extent
that a change in Nevada law, whether by statute or judicial decision, permits greater indemnification or advancement of Expenses
than would be afforded currently under the Company’s Certificate of Incorporation, Bylaws and this Agreement, it is the intent
of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or
remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative
and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment
of any other right or remedy.

 

(b) To the extent that
the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees, or agents
of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which
such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance with its
or their terms to the maximum extent of the coverage available for any such director, officer, employee or agent under such policy
or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director and officer
liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance
with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to
cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with
the terms of such policies.

 

(c) In the event of any
payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of
Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such
documents as are necessary to enable the Company to bring suit to enforce such rights.

 

(d) The Company shall
not be liable under this Agreement to make any payment of amounts otherwise indemnifiable (or for which advancement is provided
hereunder) hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy,
contract, agreement or otherwise except (i) to the extent that amounts are thereafter “clawed back” or otherwise
under dispute and (ii) as may be otherwise agreed upon by the Company in writing.

 

 

 

    	 	11	 

     

    

 

(e) The Company’s
obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the request of the Company as a director,
officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise
shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from such other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise.

 

Section 15. Duration
of Agreement. This Agreement shall continue until and terminate upon the later of: (a) ten (10) years after the date
that Indemnitee shall have ceased to serve as a director or (b) one (1) year after the final termination of any Proceeding
then pending in respect of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and of any
proceeding (including any appeal) commenced by Indemnitee pursuant to Section 13 of this Agreement relating thereto. This
Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and his
heirs, executors and administrators. The Company shall require and shall cause any successor (whether direct or indirect by purchase,
merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to, by written agreement,
expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required
to perform if no such succession had taken place.

 

Section 16. Severability.
If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever:
(a) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation,
each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that
is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable
to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary
to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent
possible, the provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing
any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be
construed so as to give effect to the intent manifested thereby.

 

Section 17. Enforcement.

 

(a) The Company expressly
confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce
Indemnitee to serve as a director of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in
serving as a director of the Company.

 

(b) This Agreement constitutes
the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and
understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof.

 

Section 18. Modification
and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the parties
thereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions
of this Agreement nor shall any waiver constitute a continuing waiver.

 

Section 19. Notice
by Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation, subpoena,
complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification
or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company
of any obligation which it may have to the Indemnitee under this Agreement or otherwise.

 

Section 20. Notices.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been
duly given (a) if delivered by hand and receipted for by the party to whom said notice or other communication shall have been
directed, or (b) mailed by certified or registered mail with postage prepaid, on the third business day after the date on
which it is so mailed:

 

(a) If to Indemnitee,
at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide to the Company.

 

 

 

    	 	12	 

     

    

 

(b) If to the Company to:

J1. Sunter Kemayoran No. 268 Jakarta Utara

14350 Indonesia

Attn: Chief Financial Officer

 

or to any other address as may have been furnished
to Indemnitee by the Company.

 

Section 21. Contribution.
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to
Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred
by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses,
in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and
reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received
by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding and/or (ii) the
relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s)
and/or transaction(s).

 

Section 22. Applicable
Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and construed
and enforced in accordance with, the laws of the State of Nevada, without regard to its conflict of laws rules. Except with respect
to any arbitration commenced by Indemnitee pursuant to Section 13(a) of this Agreement, the Company and Indemnitee hereby
irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement
shall be brought only in the Superior Court of the State of Nevada (the “Nevada Court”), and not in any other
state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive
jurisdiction of the Nevada Court for purposes of any action or proceeding arising out of or in connection with this Agreement,
(iii) waive any objection to the laying of venue of any such action or proceeding in the Nevada Court and (iv) waive,
and agree not to plead or to make, any claim that any such action or proceeding brought in the Nevada Court has been brought in
an improper or inconvenient forum.

 

Section 23. Coverage.
This Agreement shall apply with respect to Indemnitee’s service as a director of the Company prior to the date of this Agreement.

 

Section 24. Identical
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to
be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party
against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. The parties hereto agree
to accept a facsimile transmission copy of their respective actual signatures as evidence of their actual signatures to this Agreement
and any modification or amendment of this Agreement; provided, however, that each party who produces a facsimile signature agrees,
by the express terms hereof, to place, promptly after transmission of his or her signature by fax, a true and correct original
copy of his or her signature in overnight mail to the address of the other party.

 

Section 25. Miscellaneous.
Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate. The headings of the paragraphs
of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof.

 

IN WITNESS WHEREOF, the
parties have caused this Agreement to be signed as of the day and year first above written.

 

 

	
        TEXAS JACK OIL & GAS CORPORATION

         

         

         

        By: ______________________________

         

        Name: Lai Kah Yin 

         

        Its: Chief Financial officer
	
        INDEMNITEE

         

         

         

        _______________________________________

        Lai Kah Yin

         

        Address: __________________________

                          __________________________ 

         

        

 

 

 

 

    	 	13	 

     

    

 

 

EXHIBIT B 

 

 

PROPRIETARY INFORMATION, INVENTIONS AND NON-COMPETITION
AGREEMENT

 

This PROPRIETARY INFORMATION,
INVENTIONS and NON-COMPETITION AGREEMENT (the “Agreement”) is made and entered into as of April 30, 2017 (the “Effective
Date”), by and between Texas Jack Oil & Gas Corporation, a Nevada corporation (“Corporation”) and Lai Kah
Yin (“Director”).

 

RECITALS 

 

WHEREAS, the parties desire
to assure the confidential status and proprietary nature of the information which may be disclosed by Corporation to the Director;
and

 

AGREEMENT 

 

NOW THEREFORE, in reliance
upon and in consideration of the following undertaking, the parties agree as follows:

 

 

	1.	Nondisclosure.  

 

1.1 Recognition of
Corporation’s Rights; Nondisclosure. At all times during the period of time Director serves as a member of the board
of directors of the Corporation (“Service Period”) and provides the necessary and requested services in such capacity
(“Services”), Director will hold in strictest confidence and will not disclose, use, lecture upon or publish any of
the Corporation’s Proprietary Information (defined below), except as such disclosure, use or publication may be required
in connection with Service to the Corporation, or unless the Corporation expressly authorizes such disclosure in writing. Director
will obtain Corporation’s written approval before publishing or submitting for publication any material (written, verbal,
or otherwise) that relates to Services and/or incorporates any Proprietary Information. Director hereby assigns to the Corporation
any rights Director may have or acquire in such Proprietary Information and recognizes that all Proprietary Information shall be
the sole property of the Corporation and its assigns.

 

1.2 Proprietary Information.
The term “Proprietary Information” shall mean any and all confidential and/or proprietary knowledge, data or
information of the Corporation, including that which Director may produce in service to the Corporation. By way of illustration
but not limitation, “Proprietary Information” includes (a) trade secrets, inventions, mask works, ideas,
processes, formulas, source and object codes, data, programs, other works of authorship, know-how, improvements, discoveries, developments,
designs and techniques (hereinafter collectively referred to as “Inventions”); and (b) information regarding
plans for research, development, new products, marketing and selling, business plans, budgets and unpublished financial statements,
pricing strategies, licenses, prices and costs, suppliers and customers; and (c) information regarding the skills and compensation
of other service providers of the Corporation.

 

1.3 Third Party Information.
Director understands, in addition, that the Corporation has received and in the future will receive from third parties, including
clients, customers, consultants, licensees or affiliates, confidential or proprietary information (“Third Party Information”).
Director understands that the Corporation has a duty to maintain the confidentiality of such Third Party Information and to use
it only for certain limited purposes. During the Service Period and thereafter, Director will hold Third Party Information in the
strictest confidence and will not disclose Third Party Information to anyone (other than Corporation personnel who need to know
such information in connection with their work for the Corporation) or use Third Party Information (except in connection with the
performance of Director’s Services for the Corporation), unless expressly authorized by the Corporation in writing.

 

1.4 No Improper Use
of Information of Prior Employers and Others. During the Service Period, Director will not improperly use or disclose any confidential
information or trade secrets, if any, of any former or current employer or any other person to whom Director has an obligation
of confidentiality, and Director will not bring onto the Corporation premises any unpublished documents or any property belonging
to any former or current employer or any other person to whom Director has an obligation of confidentiality unless consented to
in writing by that former or current employer or person. In the performance of his duties, Director will only use information which
is generally known and used by persons with training and experience comparable to his own, which is common knowledge in the industry
or otherwise legally in the public domain, or which is otherwise provided or developed by the Corporation.

 

 

 

    	 	14	 

     

    

 

	2.	Assignment of Inventions.  

 

2.1 Proprietary Rights.
The term “Proprietary Rights” shall mean all trade secrets, patent, copyright, mask work and other intellectual
property rights throughout the world.

 

2.2 Prior Inventions.
Inventions, if any, patented or unpatented, which Director made prior to the commencement of the Service Period are excluded from
the scope of this Agreement. To preclude any possible uncertainty, Director has set forth on Attachment B (Previous Inventions)
attached hereto a complete list of all Inventions that Director has or caused to be (alone or jointly with others) conceived, developed
or reduced to practice prior to the commencement of the Service Period, that Director considers to be his property or the property
of third parties and that Director wishes to have excluded from the scope of this Agreement (collectively referred to as “Prior
Inventions”). If such disclosure would cause Director to violate any prior confidentiality agreement, Director shall
not list such Prior Inventions in Attachment B but only disclose a cursory name for each such Invention, a listing of the
party(ies) to whom it belongs and the fact that full disclosure as to such inventions has not been made for that reason. A space
is provided on Attachment B for such purpose. If no such disclosure is attached, Director represents that there are no Prior
Inventions. If, during the Service Period, Director incorporates a Prior Invention into a Corporation product, process or machine,
the Corporation is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license (with
rights to sublicense through multiple tiers of sublicensees) to make, have made, modify, use and sell such Prior Invention. Notwithstanding
the foregoing, Director agrees that he will not incorporate, or permit to be incorporated, Prior Inventions in any Corporation
Inventions without the Corporation’s prior written consent.

 

2.3 Assignment of Inventions.
Subject to Sections 2.4 and 2.6, Director hereby assigns, and agrees to assign in the future when any such Inventions or Proprietary
Rights are first reduced to practice or first fixed in a tangible medium, as applicable, to the Corporation all right, title and
interest in and to any and all Inventions (and all Proprietary Rights with respect thereto) whether or not patentable or registrable
under copyright or similar statutes, made or conceived or reduced to practice or learned by Director, either alone or jointly with
others, during the Service Period. Inventions assigned to the Corporation, or to a third party as directed by the Corporation pursuant
to this Section 2, are hereinafter referred to as “Corporation Inventions.”

 

2.4 Non-assignable
Inventions. This Agreement does not apply to an Invention which the Director developed entirely on his or her own time
without using the Company’s equipment, supplies, facilities, or trade secret information except for those inventions that
either:

 

	 	•	 	Relate at the time of conception or reduction to practice of the invention to the Company’s business, or actual or demonstrably anticipated research or development of the Company; or 

 

	 	•	 	Result from any Services performed by the Director for the Company.  

 

2.5. Limited Exclusion
Notification. Director has reviewed the notification on Attachment A (Limited Exclusion Notification) and agrees that
his signature acknowledges receipt of the notification.

 

2.6 Obligation to Keep
Corporation Informed. During the Service Period, and for twelve (12) months after termination of the Service Period, Director
will fully disclose in writing to the Corporation all Inventions authored, conceived or reduced to practice by Director, either
alone or jointly with others, within no more than thirty (30) days after creation. In addition, Director will disclose to
the Corporation all patent applications filed within a year after termination of the Service Period by Director, or on his behalf,
within no more than thirty (30) days after filing. At the time of each such disclosure, Director will advise the Corporation
in writing of any Inventions that he believes fully qualify for exemption under Section 2.4 of this Agreement, and Director
will, at that time, provide all written evidence necessary to substantiate that belief. The Corporation will keep in confidence
and will not use for any purpose or disclose to third parties without Director’s consent any confidential information disclosed
in writing to the Corporation pursuant to this Agreement relating to Inventions that qualify fully for exemption under the provisions
of Section 2.4 of this Agreement. Director will preserve the confidentiality of any Invention that does not fully qualify
for exemption under Section 2.4 of this Agreement.

 

2.7 Works for Hire.
Director acknowledges that all original works of authorship which are made by Director (solely or jointly with others) within the
scope of Service and which are protectable by copyright are “works made for hire,” pursuant to United States Copyright
Act (17 U.S.C., Section 101) and shall be the sole property of the Corporation.

 

 

 

    	 	15	 

     

    

 

2.8 Enforcement of
Proprietary Rights. Director will assist the Corporation, or its nominee, to obtain and enforce United States and foreign Proprietary
Rights relating to Corporation Inventions in any and all countries, and such Proprietary Rights and Corporation Inventions shall
be and remain the sole and exclusive property of the Corporation, or its nominee, whether or not patented or copyrighted. Accordingly,
Director will promptly execute, verify and deliver such documents and perform such other acts (including appearances as a witness
and assistance or cooperation in legal proceedings) as the Corporation may reasonably request in applying for, obtaining, perfecting,
evidencing, sustaining and enforcing such Proprietary Rights and the assignment thereof. This obligation shall survive and continue
beyond the termination of the Service Period, but the Corporation shall compensate Director at a reasonable rate after his termination
for the time actually spent providing such assistance.

 

2.9 Appointment of
Corporation as Agent. If, after reasonable effort, the Corporation is unable to secure Director’s signature on any document
needed in connection with the actions specified herein, Director hereby irrevocably designates and appoints the Corporation and
its duly authorized officers and agents as Director’s agents and attorneys-in-fact, which appointment is coupled with an
interest, to act for and in Director’s behalf to execute, verify and file any such documents and to do all other lawfully
permitted acts to further the purposes of this Agreement with the same legal force and effect as if executed by Director. Director
hereby waives and quitclaims to the Corporation any and all claims, of any nature whatsoever, which Director now or may hereafter
have for infringement of any Proprietary Rights assigned hereunder to the Corporation.

 

	3.	Records.  

 

Director agrees to keep and maintain adequate
and current records (in the form of notes, sketches, drawings and in any other form that may be required by the Corporation) of
all Proprietary Information developed by Director and all Inventions made by Director during the Service Period, which records
shall be available to and remain the sole property of the Corporation at all times.

 

	4.	Non-Competition Obligation.  

 

Director agrees that during the Service Period,
Director will not provide any services or engage in any employment or business activity which is competitive with, or would otherwise
conflict with, Director’s Service to the Corporation, without the Corporation’s express written consent. Director agrees
further that during the Service Period and for two (2) years after the termination of the Service Period, Director will not,
either directly or through others, use trade secret information of the Company to solicit or attempt to solicit any customer, vendor,
employee, independent contractor or consultant of the Corporation to terminate his or her relationship with the Corporation in
order to become a customer, vendor, employee, consultant or independent contractor to or for any other person or entity including,
without limitation, Director.

 

	5.	Non-Solicitation With the Corporation.  

 

Director covenants and agrees that, for a period
of two (2) years following termination of the Service Period, Director will not use trade secret information of the Corporation
to solicit or engage in competitive business with Corporation’s existing or potential vendors or customers at the time of
his separation from the Corporation and Director will not encourage or solicit any customer, vendor, employee or consultant to
leave the Corporation for any reason.

 

	6.	No Conflicting Obligation.  

 

Director represents that his performance of
all the terms of this Agreement and as a Director to the Corporation does not and will not breach any agreement to keep information
acquired by Director prior to the Service Period in confidence or trust. Director has not entered into, and agrees he will not
enter into, any agreement either written or oral in conflict herewith.

 

	7.	Return of Corporation Documents.  

 

Upon termination of the Service Period, Director
will deliver to the Corporation any and all drawings, notes, memoranda, specifications, devices, formulas, and documents, together
with all copies thereof, and any other material containing, comprising or disclosing any Corporation Inventions, Proprietary Information
and Third Party Information. Director further agrees that any property situated on the Corporation’s premises and owned by
the Corporation, including disks and other storage media, filing cabinets or other work areas, is subject to inspection by the
Corporation at any time with or without notice. Prior to leaving, Director will cooperate with the Corporation in completing and
signing the Corporation’s termination statement, which will include, at a minimum, the certifications set forth in Attachment
C.

 

	8.	Legal and Equitable Remedies.  

 

Because Director’s services are personal
and unique and because Director may have access to and become acquainted with the Proprietary Information of the Corporation, the
Corporation shall have the right to enforce this Agreement and any of its provisions by injunction, specific performance or other
equitable relief, without bond and without prejudice to any other rights and remedies that the Corporation may have for a breach
of this Agreement.

 

 

 

    	 	16	 

     

    

 

	9.	Notices.  

 

Any notices required or permitted hereunder
shall be given to the appropriate party at the address specified below or at such other address as the party shall specify in writing.
Such notice shall be deemed given upon personal delivery to the appropriate address or, if sent by certified or registered mail,
three (3) days after the date of mailing.

 

	10.	General Provisions.  

 

10.1 Governing Law;
Consent to Personal Jurisdiction; Attorney’s Fees. This Agreement and the legal relations among the parties shall be
governed by, and construed and enforced in accordance with, the laws of the State of Nevada, without regard to its conflict of
laws rules. The Corporation and Director hereby irrevocably and unconditionally (i) agree that any action or proceeding arising
out of or in connection with this Agreement shall be brought only in the State of Nevada (the “Nevada Court”),
and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent
to submit to the exclusive jurisdiction of the Nevada Court for purposes of any action or proceeding arising out of or in connection
with this Agreement, and (iii) waive any objection to the laying of venue of any such action or proceeding in the Nevada Court
and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Nevada Court
has been brought in an improper or inconvenient forum.

 

10.2 Severability.
If one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable
in any respect, such invalidity, illegality or unenforceability shall not affect the other provisions of this Agreement, and this
Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. If, moreover,
any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration,
geographical scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable to the extent
compatible with the applicable law as it shall then appear.

 

10.3 Successors and
Assigns. This Agreement will be binding upon Director’s heirs, executors, administrators and other legal representatives
and will be for the benefits of the Corporation, its successors, and its assigns.

 

10.4 Survival.
Director agrees that the provisions of this Agreement shall survive the termination of the Service Period and the assignment of
this Agreement by the Corporation to any successor-in-interest or other assignee, regardless of the reason or reasons for termination
and whether such termination is voluntary or involuntary.

 

10.5 Nature of Relationship.
This Agreement shall not be deemed nor does it create an employment contract between the Corporation (or any of its subsidiaries
or related companies) and Director. Director is an independent contractor and shall not be deemed an employee of the Corporation
for purposes of employee benefits, income tax withholding, F.I.C.A. taxes, unemployment benefits or any other purpose. Director’s
term of service is defined in Section 7 of the Director Retainer Agreement between Director and the Company signed concurrently
herewith.

 

10.6 Waiver. No
waiver by the Corporation of any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver by
the Corporation of any right under this Agreement shall be construed as a waiver of any other right. The Corporation shall not
be required to give notice to enforce strict adherence to all terms of this Agreement.

 

10.7 Advice of Counsel.
Director acknowledges that, in executing this Agreement, Director has had the opportunity to seek the advice of independent legal
counsel, and Director has read and understood all of the terms and provisions of this Agreement. This Agreement shall not be construed
against any party by reason of the drafting or preparation hereof.

 

10.8 Modification.
This Agreement may not be changed, modified, released, discharged, abandoned or otherwise amended, in whole or in part, except
by an instrument in writing, signed by Director and the Corporation. Director agrees that any subsequent change or changes in Director’s
duties, salary, or compensation shall not affect the validity or scope of this Agreement.

 

10.9 Entire Agreement.
The obligations of this Agreement shall apply to any time during which Director previously provided service, or will in the future
provide service, to the Corporation as a consultant or agent if no other agreement governs nondisclosure and assignment of inventions
during such period. This Agreement is the final, complete and exclusive agreement of the parties with respect to the subject matter
hereof and supersedes and merges all prior discussions between us. No modification of or amendment to this Agreement, nor any
waiver of any rights under this Agreement, will be effective unless in writing and signed by the party to be charged. The headings
in this Agreement are used for convenience only and are not to be considered a part of this Agreement or be used to interpret
the meaning of any part of this Agreement.

 

10.10 Counterparts.
This Agreement may be signed in two counterparts, each shall be deemed an original and both of which shall together constitute
one agreement. The parties hereto agree to accept a facsimile transmission copy of their respective actual signatures as evidence
of their actual signatures to this Agreement and any modification or amendment of this Agreement; provided, however, that each
party who produces a facsimile signature agrees, by the express terms hereof, to place, promptly after transmission of his or
her signature by fax, a true and correct original copy of his or her signature in overnight mail to the address of the other party.

 

[The
remainder of this page has been intentionally left blank. Signature page(s) to follow]

 

 

 

    	 	17	 

     

    

 

I HAVE READ THIS AGREEMENT CAREFULLY AND
UNDERSTAND ITS TERMS. I HAVE COMPLETELY FILLED OUT ATTACHMENT B TO THIS AGREEMENT. NO PROMISES OR REPRESENTATIONS HAVE BEEN
MADE TO ME TO INDUCE ME TO SIGN THIS AGREEMENT. I SIGN THIS AGREEMENT VOLUNTARILY AND FREELY. 

 

 

Dated:
  __________

 

 

By: ____________________________________

 

Printed Name:    Lai
Kah Yin          

 

 

 

ACCEPTED AND AGREED TO: 

 

 

	
        TEXAS JACK OIL & GAS CORPORATION

         

	 	 
	By:	
         

         
	
         Lai Kah Yin

	 	 
	Its:	 	
         Chief Financial officer

 

 

 

 

 

 

 

 

 

 

 

 

    	 	18	 

     

    

 

 

ATTACHMENT A 

 

LIMITED EXCLUSION NOTIFICATION 

 

THIS IS TO NOTIFY
you that the foregoing Agreement between you and the Corporation does not require you to assign or offer to assign to the Corporation
any invention that you developed entirely on your own time without using the Corporation’s equipment, supplies, facilities
or trade secret information except for those inventions that either:

 

1. Relate at the time
of conception or reduction to practice of the invention to the Corporation’s business or actual or demonstrably anticipated
research or development of the Corporation;

 

2. Result from any Services
performed by you for the Corporation.

 

To the extent a provision
in the foregoing Agreement purports to require you to assign an invention otherwise excluded from the preceding paragraph, the
provision is unenforceable.

 

This limited exclusion
does not apply to any patent or invention covered by a contract between the Corporation and the United States or any of its agencies
requiring full title to such patent or invention to be in the United States.

 

I ACKNOWLEDGE RECEIPT
of a copy of this notification.

 

 

	By:	 	
 

	 	 
	Date:	 	
 

 

WITNESSED BY: 

 

 

	 
	
 

	(Printed Name Of Corporation Representative)

 

 

 

 

 

 

 

 

 

 

 

 

    	 	19	 

     

    

 

 

ATTACHMENT B 

 

 

	 	 	 	 	 	 	 
	TO:	 	[                                         ]	 	 	 	 
	 	 	 	 
	FROM:	 	
 

	 	 	 	 
	 	 	 	 
	DATE:	 	
 

	 	 	 	 
	 	 	 	 
	SUBJECT:	 	Previous Inventions	 	 	 	 

 

1. Except as listed in Section 2 below,
the following is a complete list of all inventions or improvements relevant to the subject matter of my provision of service to
Texas Jack Oil & Gas Corporation, a Nevada corporation (the “Corporation”), that have been made or conceived or
first reduced to practice by me alone or jointly with others prior to my engagement by the Corporation:

 

	 	 ̈	No inventions or improvements.  

 

	 	 ̈	See below: 

 

	 	 
	 	
 

	 	 
	 	
 

	 	 
	 	
 

 

	 	 ̈	Additional sheets attached.  

 

2. Due to a prior confidentiality agreement,
I cannot complete the disclosure under Section 1 above with respect to inventions or improvements generally listed below,
the proprietary rights and duty of confidentiality with respect to which I owe to the following party(ies):

 

 

	 	 	 	 	 	 	 
	 	 	Invention or Improvement Party(ies)	 	 	 	Relationship
	 	 	 	 
	1.	 	
 

	 	 	 	
 

	 	 	 	 
	2.	 	
 

	 	 	 	
 

	 	 	 	 
	3.	 	
 

	 	 	 	
 

 

	 ̈	Additional sheets attached.  

 

 

 

 

 

 

 

 

 

 

 

 

    	 	20	 

     

    

 

 

ATTACHMENT C 

 

CERTIFICATIONS 

 

[Fill Out ONLY Upon Termination of Relationship]

 

I certify that I do not
have in my possession, nor have I failed to return, any records, documents, computer disks, tapes or printouts, sound recordings,
customer lists, photographs, data, specifications, drawings, blueprints, reproductions, sketches, notes, reports, proposals, or
copies of them, or other documents or materials, equipment, samples, prototypes, models or material containing, comprising or disclosing
any Corporation Inventions, Third Party Information or Proprietary Information of the Corporation, its successors and assigns.

 

I further certify that
I have complied with and will continue to comply with all the terms of the Proprietary Information and Inventions Agreement signed
by me with the Corporation, including the reporting of any Inventions conceived or made by me covered by such agreement.

 

I further agree that in
compliance with the Proprietary Information and Inventions Agreement, I will preserve as confidential all trade secrets, confidential
information, Proprietary Information, Inventions, Third Party Information, Proprietary Rights and Corporation Inventions, as well
as any other subject matter pertaining to any business of the Corporation or any of its clients, customers, consultants, licensees,
or affiliates.

 

 

	 
	
 

	 
	
 

	Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	21

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