Document:

Cardero Resolurce Corp. - Exhibit 4.13 - Filed by newsfilecorp.com

THE SECURITIES REPRESENTED HEREBY AND THE SECURITIES
ISSUABLE ON EXERCISE HEREOF ARE SUBJECT TO THE RESTRICTIONS SET FORTH ELSEWHERE
IN THE TERMS AND CONDITIONS HEREOF. 

UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF
THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE APRIL 6, 2014. 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE LISTED ON
THE TORONTO STOCK EXCHANGE (“TSX”); HOWEVER, THE SAID SECURITIES CANNOT BE
TRADED THROUGH THE FACILITIES OF THE TSX SINCE THEY ARE NOT FREELY TRANSFERABLE,
AND CONSEQUENTLY ANY CERTIFICATE REPRESENTING SUCH SECURITIES IS NOT ‘GOOD
DELIVERY’ IN SETTLEMENT OF TRANSACTIONS ON THE TSX. 

	Number of Warrants: • 	Issue Date: December 5, 2013 (the “Issue
      Date”) 
	Certificate No: 2013-Warrant-K-0• 	Expiry Date: December 5, 2020 (the “Expiry
      Date”) 

WARRANT CERTIFICATE

CARDERO RESOURCE CORP. 

For value received, • (the “Holder”) is the
registered holder of that number of transferable warrants (the
“Warrants”) of Cardero Resource Corp. (the “Corporation”) as set
forth above. 

1.                      
Warrants. Each Warrant shall entitle the holder thereof to purchase one
common share of the Corporation (a “Share”) as constituted on the Issue
Date, until 4:00 pm (Vancouver time) on the Expiry Date, at a price of $0.139;
provided that if the Corporation’s shareholders subsequently approve such a
change, the Exercise Price will be equal to $0.10. 

2.                      
Transfer and Restrictions. Subject to the provisions hereof, applicable
securities legislation and the rules, policies, notices and orders issued by
applicable securities regulatory authorities, including the Toronto Stock
Exchange (“TSX”) or such other stock exchange as the Shares may then be
listed and posted for trading on (any such stock exchange, the
“Exchange”), the Warrants evidenced hereby (or any portion thereof) may
be assigned or transferred by the holder by duly completing and executing the
Transfer Form attached hereto as Schedule “B”. The rights and obligations of the
parties hereunder shall be binding upon and enure to the benefit of their
successors and permitted assigns. 

THE HOLDER OF THIS SECURITY SHALL NOT BE ENTITLED TO
EXERCISE ANY WARRANTS REPRESENTED HEREBY AT ANY TIME WHERE, FOLLOWING SUCH
EXERCISE, SUCH HOLDER AND ITS ASSOCIATES AND AFFILIATES WOULD HOLD MORE THAN
19.9% OF THE THEN ISSUED AND OUTSTANDING COMMON SHARES OF CARDERO RESOURCE CORP.
(THE “CORPORATION”) UNLESS PRIOR APPROVAL OF THE TSX OR THE CORPORATION'S
SHAREHOLDERS IS OBTAINED IN ACCORDANCE WITH THE POLICIES OF THE TSX. 

THE SECURITIES REPRESENTED HEREBY AND THE SECURITIES
ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (the “1933 ACT”), OR APPLICABLE STATE SECURITIES LAWS. THE
HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF CARDERO
RESOURCE CORP. (THE “CORPORATION”) THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR
OTHERWISE TRANSFERRED ONLY (A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE 1933 ACT; (B) TO THE CORPORATION, (C) OUTSIDE THE UNITED STATES IN
ACCORDANCE WITH REGULATION S UNDER THE 1933 ACT AND IN COMPLIANCE WITH
APPLICABLE LOCAL LAWS OR (D) WITHIN THE UNITED STATES (1) IN ACCORDANCE WITH THE
EXEMPTION FROM REGISTRATION UNDER THE 1933 ACT PROVIDED BY RULE 144 OR RULE 144A
THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE
SECURITIES LAWS OR (2) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER
THE 1933 ACT OR APPLICABLE STATE SECURITIES LAWS, AND THE HOLDER HAS PROVIDED
THE CORPORATION, PRIOR TO SUCH OFFER, SALE OR TRANSFER WITH AN OPINION OF
COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY TO THE CORPORATION OR OTHER EVIDENCE
SATISFACTORY TO THE CORPORATION THAT SUCH SECURITIES ARE REGISTERED UNDER THE
1933 ACT OR MAY BE SO OFFERED, SOLD OR TRANSFERRED WITHOUT REGISTRATION UNDER
THE 1933 ACT OR APPLICABLE STATE SECURITIES LAWS. NOTWITHSTANDING THE FOREGOING,
THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR
OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES. 

- 2 - 

THESE WARRANTS AND THE SECURITIES DELIVERABLE UPON EXERCISE
HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “1933 ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES.
THESE WARRANTS MAY NOT BE EXERCISED BY OR ON BEHALF OF A U.S. PERSON OR A PERSON
IN THE UNITED STATES UNLESS THESE WARRANTS AND THE SECURITIES ISSUABLE UPON
EXERCISE OF THESE WARRANTS HAVE BEEN REGISTERED UNDER THE 1933 ACT AND THE
APPLICABLE SECURITIES LEGISLATION OF ANY SUCH STATE OR EXEMPTIONS FROM SUCH
REGISTRATION REQUIREMENTS ARE AVAILABLE. “UNITED STATES” AND “U.S. PERSON” ARE
AS DEFINED BY REGULATION S UNDER THE 1933 ACT. 

3.                
      Warrants Exercise Procedure. This Warrant
may be exercised at any time prior to the Expiry Date by surrendering the
original of this Warrant certificate at the offices of the Corporation set out
in subsection 17(g) hereof together with a subscription form in the form
attached as Schedule “A” hereto duly completed and executed, such additional
documents as may be contemplated thereby, and a certified cheque, bank draft or
money order in lawful money of Canada payable to or to the order of the
Corporation.

4.          
            Partial
Exercise. The Holder may subscribe for and purchase less than the full
number of Shares entitled to be subscribed for and purchased hereunder. In the
event that the Holder subscribes for and purchases less than the full number of
Shares entitled to be subscribed for and purchased under this Warrant
certificate prior to the Expiry Date, the Corporation shall issue a new Warrant
certificate to the Holder in the substantially the same form as this Warrant
certificate with appropriate changes to reflect the unexercised balance of the
Warrants. 

5.         
             Delivery
of Shares. Within five business days of receipt by the Corporation of this
Warrant certificate in accordance with, and the documents and payment noted in,
Section 3, the Corporation will deliver a certificate(s) representing the Shares
subscribed for and purchased by the Holder hereunder, and a replacement Warrant
certificate, if any. 

6.         
             No
Rights of Shareholders. Nothing contained in this Warrant certificate shall
be construed as conferring upon the Holder any right or interest whatsoever as a
holder of Shares of the Corporation or any other right or interest except as
herein expressly provided. 

7.                     
 Adjustment of Subscription and Purchase Rights. The rights
evidenced by this Warrant certificate are to purchase Shares. If there shall,
prior to the exercise of any of the rights evidenced hereby, be any (i)
reorganization of the authorized capital of the Corporation by way of
consolidation, merger, sub-division, amalgamation, arrangement, reclassification
or otherwise; (ii) transfer, sale, lease or exchange of the undertaking or
assets of the Corporation as an entirety or substantially as an entirety to
another person; (iii) the payment of any stock dividends (other than in the
ordinary course of business); (iv) a special distribution or rights offering;
(v) the change or exchange of the Shares into or with another security; or (vi)
any similar event or transaction not specifically contemplated by this Section 7
as determined by the Corporation in its sole discretion (collectively, a
“Reorganization”), then there shall, subject to the consent of the
Exchange (if required), automatically be an adjustment, as applicable, in (A)
the number of Shares of the Corporation which may be issued pursuant hereto
and/or the exercise price for the Shares, by corresponding amounts if
applicable, and/or (B) the kind and aggregate number of shares or other
securities or property resulting from the Reorganization, so that the rights
evidenced hereby shall thereafter be as reasonably as possible equivalent
to the rights originally granted hereby and such that the Holder, upon exercise
of this Warrant following the effective date of the Reorganization, shall
receive the kind and type of shares, securities or property the Holder would
have been entitled to receive if, on the effective date thereof, the Holder had
been the registered holder of the number of Shares which the Holder was
theretofore entitled to purchase or receive upon the exercise of this Warrant
certificate. In accordance with this certificate, the Corporation will make
adjustments as it considers necessary and equitable acting in good faith,
subject to any approvals required by the Exchange. If at any time a dispute
arises with respect to adjustments provide for herein, such dispute will be
conclusively determined by the Canadian auditors of the Corporation or if they
are unable or unwilling to act, by such other firm of Canadian independent
chartered accountants as may be selected by the directors of the Corporation and
any such determination, absent manifest error, will be binding upon the
Corporation, the Holder and shareholders of the Corporation. The Corporation
will provide such auditors or accountants with access to all necessary records
of the Corporation and fees payable to such accountants or auditors will be paid
by the Corporation. 

- 3 - 

8.                      
No Fractional Shares. The Corporation shall not be required to issue
fractional Shares upon the exercise of the Warrants evidenced hereby and the
Holder shall not be entitled to any cash payment or compensation in lieu of a
fractional Share. 

9.                      
Legending of Shares. 

The Warrants have been, and the Shares will be, issued pursuant
to an exemption (an “Exemption”) from the registration and prospectus
requirements of applicable securities law. To the extent that the Corporation
relies on such Exemption, the Shares may be subject to restrictions on resale
and transferability contained in applicable securities laws. 

The Holder hereby agrees and consents by acceptance hereof that
the certificate or certificates representing the Shares issued before the date
that is four months and one day from the Issue Date upon exercise of the
Warrant, shall be impressed with a legend in the following form: 

UNLESS PERMITTED UNDER SECURITIES
LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE
[Insert the date that is four months and one day from the Issue Date]

THE SECURITIES REPRESENTED BY THIS
CERTIFICATE ARE LISTED ON THE TORONTO STOCK EXCHANGE (“TSX”); HOWEVER, THE SAID
SECURITIES CANNOT BE TRADED THROUGH THE FACILITIES OF THE TSX SINCE THEY ARE NOT
FREELY TRANSFERABLE, AND CONSEQUENTLY ANY CERTIFICATE REPRESENTING SUCH
SECURITIES IS NOT ‘GOOD DELIVERY’ IN SETTLEMENT OF TRANSACTIONS ON THE TSX 

This Warrant and the Shares issuable upon exercise hereof have
not been registered under the United States Securities Act of 1933, as amended
(the “1933 Act”), or the securities laws of any state of the United
States. Accordingly, this Warrant and the Shares issuable upon exercise hereof
may not be offered or sold, directly or indirectly, in the United States except
pursuant to registration under the 1933 Act and the applicable securities laws
of all applicable states or available exemption therefrom. This Warrant may not
be exercised by or on behalf of a U.S. person or person in the United States
unless this Warrant and the securities issuable upon exercise of this Warrant
have been registered under the 1933 Act and the applicable securities
legislation of any such state or an exemption from such registration
requirements is available. “United States” and “U.S. person” are as defined by
Regulation S under the 1933 Act. The Holder hereby agrees and consents by
acceptance hereof that all certificates representing Shares acquired upon
exercise of this Warrant by, or for the account or benefit of, U.S. persons or
persons in the United States shall have the following legend: 

- 4 - 

THE SECURITIES REPRESENTED HEREBY HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (the “1933
ACT”), OR APPLICABLE STATE SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING
SUCH SECURITIES, AGREES FOR THE BENEFIT OF CARDERO RESOURCE CORP. (THE
“CORPORATION”) THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR
OTHERWISE TRANSFERRED ONLY (A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE 1933 ACT; (B) TO THE CORPORATION, (C) OUTSIDE THE UNITED STATES IN
ACCORDANCE WITH REGULATION S UNDER THE 1933 ACT AND IN COMPLIANCE WITH
APPLICABLE LOCAL LAWS OR (D) WITHIN THE UNITED STATES (1) IN ACCORDANCE WITH THE
EXEMPTION FROM REGISTRATION UNDER THE 1933 ACT PROVIDED BY RULE 144 OR RULE 144A
THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES
LAWS OR (2) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE 1933
ACT OR APPLICABLE STATE SECURITIES LAWS, AND THE HOLDER HAS PROVIDED THE
CORPORATION, PRIOR TO SUCH OFFER, SALE OR TRANSFER WITH AN OPINION OF COUNSEL,
IN FORM AND SUBSTANCE SATISFACTORY TO THE CORPORATION OR OTHER EVIDENCE
SATISFACTORY TO THE CORPORATION THAT SUCH SECURITIES ARE REGISTERED UNDER THE
1933 ACT OR MAY BE SO OFFERED, SOLD OR TRANSFERRED WITHOUT REGISTRATION UNDER
THE 1933 ACT OR APPLICABLE STATE SECURITIES LAWS. NOTWITHSTANDING THE FOREGOING,
THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR
OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES. 

provided, that if the Shares are being sold under clause (B)
above, at a time when the Corporation is a “foreign issuer” as defined in Rule
902 of Regulation S under the 1933 Act, the legend set forth above may be
removed by providing a declaration to the Corporation and its registrar and
transfer agent in the form attached hereto as Schedule “C” or such other
evidence of exemption as the Corporation or its registrar and transfer agent may
from time to time prescribe (which may include an opinion satisfactory to the
Corporation and its registrar and transfer agent), to the effect that the sale
of the Shares is being made in compliance with Rule 904 of Regulation S under
the 1933 Act; provided further, that if any of the Shares are being sold
pursuant to Rule 144 of the 1933 Act and in compliance with any applicable state
securities laws, the legend may be removed by delivery to the Corporation’s
registrar and transfer agent of an opinion satisfactory to the Corporation and
its registrar and transfer agent to the effect that the legend is no longer
required under applicable requirements of the 1933 Act or state securities laws.

10.                     Change;
Waiver. Subject to the approval of the Exchange (if required), the
provisions of these Warrants may from time to time be amended, modified or
waived, if such amendment, modification or waiver is in writing and consented to
in writing by the Corporation and the Holder. 

11.                    
No Obligation to Purchase. Nothing herein contained or done pursuant
hereto shall obligate the Holder to purchase or pay for or the Corporation to
issue any Shares except those Shares in respect of which the Holder shall have
exercised its right to purchase in the manner provided hereunder. 

12.                     Covenants.

	 	(a) 	
      The Corporation covenants that (i) so long as any Shares
      evidenced hereby remain outstanding, it shall reserve and there shall
      remain unissued out of its authorized capital a sufficient number of
      Shares to satisfy the right of purchase provided for herein should the
      Holder determine to exercise its rights in respect of all the Shares
      available for purchase and issuance under outstanding Warrants, and (ii)
      all Shares which shall be issued upon the due exercise of the right to
      purchase provided for herein, upon payment therefor of the amount at which
      such Shares may at the time be purchased pursuant to the provisions
      hereof, shall be issued as fully paid and non-assessable common shares in
      the capital of the Corporation and free of all liens, charges and
      encumbrances.

	 	 	 
	 	(b) 	
      The Corporation will maintain the listing of its Shares
      on the TSX up to and including the Expiry Date, provided the foregoing
      shall not, in any manner, preclude the Corporation from pursuing or
      completing a transaction that would result in the delisting of the Shares
      from the TSX where the board of directors of the Corporation, acting in
      good faith and in accordance with applicable laws, determines that such a
      transaction is in the best interests of the
Corporation.

13.                     Successor
Corporations. The Corporation will not effect any Reorganization which could
result in a successor to the Corporation unless prior to or simultaneously with
the consummation thereof, the entity succeeding the Corporation acknowledges in writing that it is
bound by and will comply with the provisions set forth in this Warrant
certificate. 

- 5 - 

14.                     Representations
and Warranties. 

	 	(a) 	
      The Corporation hereby represents and warrants with and
      to the Holder that the Corporation is duly authorized and has the
      corporate and lawful power and authority to create and issue this Warrant
      certificate and the Shares issuable upon the exercise hereof and perform
      its obligations hereunder and that this Warrant certificate represents a
      valid, legal and binding obligation of the Corporation enforceable in
      accordance with its terms.

	 	 	 
	 	(a) 	
      The Corporation has applied to the TSX to list all Shares
      issuable upon the exercise of the Warrants and the Corporation has
      received conditional listing approval from the TSX in respect
    thereof.

15.                     Lost
Certificate. If this Warrant certificate becomes stolen, lost, mutilated or
destroyed, the Corporation may, on such terms as it may in its discretion
impose, respectively issue and countersign a new Warrant certificate of like
denomination, tenor and date as the Warrant certificate so stolen, lost,
mutilated or destroyed. 

16.                     Anti-Dilution.
For so long as any of (i) the Warrants or (ii) the warrants issued to Kopple
Family Partnership, L.P. on August 8, 2013, remain outstanding and are held by
Kopple Family Partnership, L.P., or any of (i) the Warrants issued as of the
date hereof to E.L. II Properties Trust or (ii) any of the warrants issued to
E.L. II Properties Trust on August 8, 2013 (all such Warrants and warrants being
collectively referred to as the “Lender Warrants”) remain outstanding and
are held by either Kopple Family Partnership, LP and/or E.L. II Properties Trust
(together with Kopple Family Partnership, L.P., the “Major Holders”), the
Major Holders will have the right to participate in all future equity financings
undertaken by the Corporation as to their respective percentage equity holdings
in the Corporation as if the Lender Warrants then held by the Major Holders were
fully exercised, subject to receipt of any necessary acceptances for
filing/approvals of the Exchanges (or any other stock exchange or quotation
system on which the Corporation’s securities are then listed), and subject to
the availability of exemptions from the registration and qualification
requirements of all applicable laws (except to the extent the Corporation
proposes that such offering be so registered or qualified). 

17.                     General.

	 	(a) 	
      The headings in this certificate are for reference only
      and do not constitute terms of the Warrant certificate.

	 	 	 
	 	(b) 	
      Whenever the singular or masculine is used in this
      Warrant certificate the same shall be deemed to include the plural or the
      feminine or the body corporate as the context may require.

	 	 	 
	 	(c) 	
      This Warrant certificate shall enure to the benefit of
      and be binding upon the parties hereto and their respective successors and
      assigns.

	 	 	 
	 	(d) 	
      Time shall be of the essence of this Warrant
      certificate.

	 	 	 
	 	(e) 	
      This Warrant shall be governed by and construed in
      accordance with the laws of the Province of British Columbia and the
      federal laws of Canada applicable therein, without reference to its
      principles governing the choice or conflict of laws. The Corporation and
      the Holder hereby irrevocably attorn and submit to the exclusive
      jurisdiction of the courts of the Province of British Columbia, sitting in
      the City of Vancouver, with respect to any dispute related to or arising
      from this Warrant certificate.

	 	 	 
	 	(f) 	
      All references herein to monetary amounts are references
      to lawful money of Canada.

- 6 - 

	 	(g) 	
      All notices or other communications to be given to the
      Holder by the Corporation under this Warrant certificate shall be
      delivered by hand, courier, ordinary prepaid mail, facsimile or electronic
      mail; and, if delivered by hand, shall be deemed to have been given on the
      delivery date, if delivered by ordinary prepaid mail shall be deemed to
      have been given on the fifth day following the delivery date and, if sent
      by facsimile or electronic mail, on the date of transmission if sent
      before 5:00 p.m. (local time where the notice is received) on a business
      day or, if such day is not a business day, on the first business day
      following the date of transmission.

	 	 	 
	 		
      Notices to the Holder shall be addressed to the address
      of the Holder set out on the register of warrantholders maintained by the
      Corporation.

	 	 	 
	 		
      Notices to the Corporation shall be addressed
  to:

Cardero Resource Corp. 
Suite 2300
– 1177 West Hastings Street 
Vancouver, BC V6E 2K3 

Attention:           
Vice-President and General Counsel 
Fax
Number:        (604) 408-7499 

Each of the Corporation and the Holder may change its address
for service by notice in writing to the other of them specifying its new address
for service under this Warrant certificate. 

IN WITNESS WHEREOF the Corporation has caused this Warrant
certificate to be signed by its duly authorized officer on December 5, 2013.

 

CARDERO RESOURCE CORP. 

 

	By:	 	 
	 	Authorized Signatory 	 

SCHEDULE “A”

WARRANT CERTIFICATE SUBSCRIPTION FORM 

Cardero Resource Corp. 
Suite 2300 – 1177 West Hastings
Street 
Vancouver, BC V6E 2K3 

Dear Sirs: 

The undersigned hereby exercises the right to purchase and
hereby subscribes for ___________ Shares of Cardero Resource Corp. (the
“Corporation”) referred to in the Warrant certificate attached hereto
according to the conditions thereof, and herewith makes payment of the purchase
price in full for the Shares. 

In connection with the exercise of the Warrant certificate, the
undersigned represents as follows: (Please check the ONE box
applicable): 

	[   ]	1. 	
      The undersigned (i) at the time of exercise is not a U.S.
      person, (ii) at the time of exercise is not within the United States,
      (iii) is not exercising any of the Warrants represented by this Warrant
      certificate for the account or benefit of any U.S. person or person within
      the United States, and (iv) did not execute or deliver this Subscription
      Form in the United States.

	 	 	 
	[   ]	2. 	
      The undersigned (i) acquired the Warrants directly from
      the Corporation pursuant to a facility agreement for a line of credit in
      favour of the Corporation under which the warrants were acquired as a
      bonus, (ii) is exercising the Warrants solely for its own account, (iii)
      was on the date the Warrants were acquired from the Corporation, and is on
      the date of exercise of the Warrants, an “accredited investor” (as defined
      in Rule 501(a) of Regulation D under the 1933 Act) and (iv) confirms its
      representations, warranties and covenants set forth in the facility
      agreement and related certificates delivered thereunder continue to be
      true and correct.

	 	 	 
	[   ]	3. 	
      The undersigned has delivered to the Corporation a
      written opinion of U.S. counsel reasonably satisfactory to the Corporation
      to the effect that the Shares to be delivered upon exercise hereof are
      exempt from registration under the 1933 Act and the securities laws of all
      applicable states of the United States.

“1933 Act” means the United States Securities Act of
1933, as amended. “U.S. person” and “United States” are as defined by
Regulation S under the 1933 Act. 

Certificates representing Shares will not be registered or
delivered to an address in the United States unless Box 2 or Box 3 above is
checked and the requirements in connection therewith have been satisfied. 

Certificates representing Shares issued upon exercise of
Warrants pursuant to Box 2 or Box 3 above will bear a U.S. restrictive legend.

If any Shares represented by this Warrant certificate are not
being exercised, a new Warrant certificate will be issued and delivered with the
Share certificate(s). 

- 2 - 

Please issue and deliver a certificate for the Shares being
purchased as follows: 

	NAME: 	 
		(please print)
	 	 
	ADDRESS: 	 
	 	 
	 	 
	  	 
	DELIVERY 	 
	 	 
	 	 

INSTRUCTIONS:

	1. 	
      The registered holder of a Warrant may exercise its right
      to acquire Shares by completing and surrendering this Subscription Form
      and the ORIGINAL Warrant certificate representing the Warrants being
      converted to the Corporation, together with the aggregate amount of the
      exercise price for the Shares as provided for in the Warrant certificate.
      Certificates representing the Shares to be acquired on exercise will be
      sent by prepaid first class mail to the address(es) above within five
      business days after the receipt of all required documentation, subject to
      the terms of the Warrant certificate.

	 	 
	2. 	
      If this Subscription Form indicates that the Shares are
      to be issued to a person or persons other than the registered holder of
      the Warrants to be converted: (i) the signature of the registered holder
      on this Subscription Form must be medallion guaranteed by an authorized
      officer of a chartered bank, trust company or an investment dealer who is
      a member of a recognized stock exchange, and (ii) the registered holder
      must pay to the Corporation all applicable taxes and other
  duties.

	 	 
	3. 	
      If this Subscription Form is signed by a trustee,
      executor, administrator, custodian, guardian, attorney, officer of a
      corporation or any other person acting in a fiduciary or representative
      capacity, this Subscription Form must be accompanied by evidence of
      authority to sign satisfactory to the Corporation.

DATED this _______ day of
__________________________________, ___________________. 

 

	  	  	(Signature) 
	  	  	  
	  	) 	 
    
	Signature of Witness 	) 	Signature of registered holder or Signatory
      thereof 
	[Please Note Instruction 2] 	) 	  
	  	) 	 
    
	  	) 	If applicable, print Name and Office of
      Signatory 
	Print name of Witness 	) 	  
	  	) 	 
    
	  	) 	Print Name of registered holder as on
      certificate 
	  	) 	  
	  	) 	 
    
	  	) 	Street Address 
	  	) 	  
	  	) 	 
    
	  	) 	City, Province/State and Postal/ZIP Code
  

SCHEDULE “B”
WARRANT CERTIFICATE TRANSFER FORM

Cardero Resource Corp. 
Suite 2300 – 1177 West Hastings
Street 
Vancouver, BC V6E 2K3 

Dear Sirs: 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto:

	NAME: 	 
		(please
print)
	  	 
	ADDRESS: 	 
	 	 
	 	 

______________________________________________of the Warrants
of Cardero Resource Corp. (the “Corporation”) registered in the name of
the undersigned represented by the within certificate and hereby appoints
__________________________________________________as its attorney with full
power of substitution to transfer the said Warrants on the register of
warrantholders maintained by the Corporation. 

[   ]      If the transfer
is to, or for the account or benefit of, a U.S. person or person in the United
States (as such terms are defined in Rule 902 under the United States Securities
Act of 1933, as amended (the “1933 Act”)), check this box. 

DATED this _________day of ______________________,
20__.

 

	 	 	 
	Signature Guaranteed 	 	Name of Holder 
	 	 	 
	 	 	 
	 	 	 
	Name of Authorized Representative 	 	Signature of Holder or Authorized
      Representative 
	 	 	 
	 	 	 
	 	 	 
	Title or Capacity or Authorized Representative 	 	Daytime Phone Number of Holder or Authorized
      Representative 

INSTRUCTIONS

	1. 	
      The registered holder of a Warrant may transfer its right
      to acquire Shares in accordance with the Warrant certificate by completing
      and surrendering this Transfer Form and the ORIGINAL Warrant certificate
      representing the Warrants being transferred to the Corporation.

	 	 
	2. 	
      The signature to this transfer must correspond with the
      name as recorded on the Warrant certificate in every particular without
      alteration or enlargement or any change whatever, or accompanied by stock
      powers of attorney satisfactory to the Corporation. The signature of the
      registered holder on this Transfer Form must be medallion guaranteed by an
      authorized officer of a chartered bank, trust company or an investment
      dealer who is a member of a recognized stock
exchange.

- 2 - 

	3. 	
      Warrants shall only be transferable in accordance with
      the provisions of the Warrant certificate, applicable laws and the rules
      and policies of any applicable stock exchange. Without limiting the
      foregoing, if the Warrant certificate bears a legend restricting the
      transfer of the Warrants except pursuant to an exemption from registration
      under the 1933 Act, this Transfer Form must be accompanied by a properly
      completed and executed Declaration for Removal of U.S. Legend in the form
      attached to the Warrant certificate as Schedule “C” or such other evidence
      of exemption as the Corporation or its registrar and transfer agent may
      from time to time prescribe (which may include an opinion satisfactory to
      the Corporation and its registrar and transfer agent), or a written
      opinion of counsel or other evidence of exemption as is satisfactory to
      the Corporation that the transfer complies with the 1933 Act and
      applicable state securities laws.

SCHEDULE “C” 

FORM OF DECLARATION FOR REMOVAL OF U.S. LEGEND

	
      To: 
	
      Computershare Investor Services Inc., as Registrar and
      Transfer Agent for the Shares of Cardero Resource Corp. (the
      “Corporation”). 

	  	  
	And To: 	The Corporation 

The undersigned (a) acknowledges that the sale of the
securities of the Corporation to which this declaration relates is being made in
reliance on Rule 904 of Regulation S under the United States Securities Act of
1933, as amended (the “1933 Act”) and (b) certifies that (1) the undersigned is
not an “affiliate” of the Corporation (as that term is defined in Rule 405 under
the 1933 Act), (2) the offer of such securities was not made to a person in the
United States and either (A) at the time the buy order was originated, the buyer
was outside the United States, or the seller and any person acting on its behalf
reasonably believed that the buyer was outside the United States, or (B) the
transaction was executed in, on or through the facilities of the TSX and neither
the seller nor any person acting on its behalf knows that the transaction has
been prearranged with a buyer in the United States, (3) neither the seller nor
any affiliate of the seller nor any person acting on any of their behalf has
engaged or will engage in any directed selling efforts in the United States in
connection with the offer and sale of such securities, (4) the sale is bona fide
and not for the purpose of “washing off” the resale restrictions imposed because
the securities are “restricted securities” (as such term is defined in Rule
144(a)(3) under the 1933 Act), (5) the seller does not intend to replace such
securities with fungible unrestricted securities of the Corporation and (6) the
contemplated sale is not a transaction, or part of a series of transactions
which, although in technical compliance with Regulation S, is part of a plan or
scheme to evade the registration provisions of the 1933 Act. Terms used herein
have the meanings given to them by Regulation S under the 1933 Act. 

 

 

	  	 	X 
	  	 	Authorized signatory (if Holder is not
      an 
	Date 	 	individual) 
	  	 	  
	  	 	  
	X 	 	Name of authorized signatory (please
      print) 
	  	 	  
	Signature of individual (if Holder is an individual)
    	 	 
    
	  	 	Official capacity of authorized signatory

	  	 	(please print) 
	Name of Holder (please print)Cardero Resolurce Corp. - Exhibit 4.19 - Filed by newsfilecorp.com

AMENDING AGREEMENT 
Coal Lease 

THIS AGREEMENT MADE as of May 1, 2013. 

BETWEEN: 

  
    PEACE RIVER PARTNERSHIP, a partnership existing under
      the laws of the Province of Alberta between P. Burns Peace River Resources
      Corporation and P. Burns Partners Limited, and having an office in the City of
      Calgary in the Province of Alberta (herein referred to as the “Peace River
        Partnership”) 

  

OF THE FIRST PART 

- and - 

  
    CARDERO COAL LTD., a company organized and existing
      under the laws of the Province of British Columbia (Incorporation no.:
      BC0827859) and having an office in the City of Vancouver in the Province of
      British Columbia (herein referred to as the “Cardero Coal”) 

  

OF THE SECOND PART 

WHEREAS the Peace River Partnership and Cardero Coal
entered into the Coal Lease; 

AND WHEREAS the Peace River Partnership and Cardero Coal
wish to amend certain terms of the Coal Lease. 

NOW THEREFORE, in consideration of the terms, covenants,
conditions and provisions hereof, given or made by each party hereto, to or in
favor of all or any of the other parties hereto, and other good and valuable
consideration (receipt and sufficiency whereof is hereby acknowledged by each
party receiving the same) the parties hereto mutually covenant and agree as
follows. 

ARTICLE 1 
INTERPRETATION 

1.1       
Definitions 

In this Amending Agreement, capitalized expressions used herein
shall have the meanings given them in the Coal Lease, and in this Amending
Agreement, unless something in the subject matter or context is inconsistent
therewith: 

“Amending Agreement” means this agreement. 

“Effective Time” means the date set forth in Section 1.6
hereof. 

- 2 - 

“Coal Lease” means the Coal Lease dated June 15, 2010
between the Peace River Partnership and Cardero Coal and as the same may be
amended from time to time. 

1.2       
Headings 

The division of this Amending Agreement into Articles and
Sections and the insertion of headings are for convenience of reference only and
shall not affect the construction or interpretation of this Amending Agreement.

1.3       
Gender 

Words of any gender used herein shall be deemed and construed
to include correlative words of the other genders. Words importing the singular
number shall include the plural number and vice versa, unless the context shall
otherwise clearly indicate. 

1.4       
Not A Business Day 

In the event that any day on which any act is to be done, any
step is to be taken or any event is to have occurred, is not a Business Day,
then such act shall be done, or step shall be taken or event shall be deemed to
have occurred on or before the requisite time (if any) on the next succeeding
Business Day. 

1.5       
Expanded Meanings 

Unless the context otherwise necessarily requires, the
following provisions shall govern the interpretation of this Amending Agreement:

	1.5.1 	
      words used herein importing the singular number only
      shall include the plural and vice versa, and words importing the use of
      any gender shall include all genders;

	 	 
	1.5.2 	
      the terms “in writing” or “written” include
      printing, typewriting, or any electronic means of communication by which
      words are capable of being visually reproduced at a distant point of
      reception;

	 	 
	1.5.3 	
      references herein to any agreement or instrument,
      including this Amending Agreement shall be deemed to be references to the
      agreement or instrument as varied, amended, modified, supplemented or
      replaced from time to time, and any specific references herein to any
      enactment shall be deemed to be references to such enactment as the same
      may be amended or replaced from time to time;

	 	 
	1.5.4 	
      “this Amending Agreement” “the Amending
      Agreement” “hereto”, “herein”, “hereby”,
      “hereunder”, “hereof” and similar expressions refer to this
      Amending Agreement and not to any particular Article, Section, Subsection,
      clause, subdivision or other portion hereof and include any and every
      instrument amending, supplementing or replacing this agreement;
  and

	 	 
	1.5.5 	
      when calculating the period of time before which, within
      which or following which (as the case may be) any act is to be done, any
      step is to be taken or any event is to have occurred, the date upon which
      the act is to be done, the step is to be taken or the event
  is to have occurred, shall be excluded
from the period, and if such date is not a Business Day, then such date shall be
deemed to fall on the next succeeding Business Day. 

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1.6       
Effective Time Of Amendments Made Hereby 

All of the amendments, replacements and changes to the Coal
Lease made by this Agreement shall be effective as of 8:00 a.m., local time in
Vancouver, British Columbia, on May 1, 2013 and shall be conditional upon the
execution and delivery of that amending agreement, effective May 1, 2013 in
respect of the Carbon Creek Joint Venture Agreement dated June 15, 2010 between
the Carbon Creek Partnership and Cardero Coal, as amended by an agreement dated
April 14, 2011, and as the same may be amended from time to time, forming the
Carbon Creek Joint Venture, by the parties thereto. 

ARTICLE 2 
AMENDMENT TO DEFINED TERMS 

2.1       
Change of Name of Coalhunter 

All references to “Coalhunter” shall be read as “Cardero Coal”.

2.2       
Amendment to Coal Lease Recital 

Recital A to the Coal Lease is hereby replaced with the
following: 

“P. Burns Peace River Resources
Corporation is the legal owner and Peace River Partnership is the beneficial
owner of a 100% interests in the Lands (as hereinafter defined), subject to such
exceptions and reservations as are contained or implied in the grants thereof
from the Crown; and” 

2.3       
Amendments To Coal Lease Definitions

2.3.1      Section
1.1 is hereby amended by: 

	 	(a) 	
      adding as paragraph 1.1(a), the definition of “Advance
      Royalty”, as follows:

	 	 	 
	 		
      “(a) “Advance Royalty” has the meaning given to
      that term in section 4.2;”; and

	 	 	 
	 	(b) 	
      renumbering each of the paragraphs subsequent to
      paragraph (a) in section 1.1 and making the consequential change to each
      reference to each such renumbered definition in the Coal
  Lease.

ARTICLE 3 
AMENDMENTS TO COAL LEASE 

	3.1 	
      Coal Lease Amended

	 	 
	3.1.1 	
      All references to “Coalhunter” shall be read as “Cardero
      Coal”.

	 	 
	3.1.2 	
      Article 4 of the Coal Lease is hereby amended by adding
      as section 4.2 the following:

- 4 - 

“4.2       
Advance Royalty 

	 	(a) 	
      Until the commencement of the payment of the Royalty
      pursuant to Article 3, which obligation is not deferred or otherwise
      affected hereby, Cardero Coal shall make an annual, non-refundable,
      advance payment in respect of the Royalty (the “Advance Royalty”)
      to the Peace River Partnership in the following amounts on the following
      dates:

	Date 	 	Amount 	 
	 	 	 	 
	June 2, 2013 	$	500,000 	 
	 	 	 	 
	June 2, 2014 	$	2,000,000 	 
	 	 	 	 
	June 2, 2015 	$	3,000,000 	 
	 	 	 	 
	June 2, 2016 	$	3,500,000 	 
	 	 	 	 
	June 2, 2017 	$	3,500,000 	 
	 	 	 	 
	June 2 in each year thereafter 	$	3,500,000 	 

	 	(b) 	
      In each year in which Cardero Coal pays the Advance
      Royalty, it shall not be required to pay the Minimum Annual
  Royalty.

	 	 	 
	 	(c) 	
      Notwithstanding that the Advance Royalty is
      non-refundable, the aggregate amount of all payments made in respect of
      the Advance Royalty (other than in respect of interest and any and all
      costs and expenses of Peace River Partnership in recovering amounts due)
      shall be deducted from the amount required to be paid in respect of the
      Royalty pursuant to Article 3, when the Royalty is paid, until the
      aggregate amount of the Advance Royalty paid by Cardero Coal has been
      recovered by it in this manner.

	 	 	 
	 	(d) 	
      All payments of the Advance Royalty shall be made in the
      manner provided in section 3.4.

	 	 	 
	 	(e) 	
      Notwithstanding the covenants and conditions contained in
      paragraphs 4.2(a) to 4.2(d), inclusive, while Cardero Coal is not in
      default under this Lease, Peace River Partnership agrees to accept payment
      of the amount due on the following terms and
conditions:

(i)         
all or any portion of the Advance Royalty due on June 2, 2013, such
payment may be extended by Cardero Coal by notice in writing to Peace River
Partnership given not less than 15 days prior to June 2, 2013, to anytime
between June 2, 2013 and June 2, 2014, 

(ii)        
all or any portion of the Advance Royalty due on June 2, 2014, if the
Advance Royalty referred to in clause 4.2(e)(i) and all interest thereon has
been paid in full when due, then such June 2, 2014 payment may be extended by
Cardero Coal by notice in writing to Peace River Partnership
given not less than 15 days prior to June 2, 2014, to anytime between June 2,
2014 and January 1, 2015, 

- 5 - 

(iii)       
 notwithstanding an extension pursuant to clause 4.2(e)(i) or
(ii), the full amount of the Advance Royalty and all accrued but unpaid interest
to the date of the occurrence of any default described in Section 21.1 shall
immediately become due and payable on that date, 

(iv)       
Cardero Coal shall pay to Peace River Partnership interest on the
amount then outstanding in respect of clause 4.2(e)(i) or (ii), as the case may
be, calculated at the rate of 6 per cent per annum, based on the number of days
in the month for which the calculation is made divided by 365, 

(v)        
 interest shall be due and payable on the first Business Day of
each month following the month for which interest is being calculated hereunder,

(vi)        
all payments of interest under this section shall be made in the manner
as provided for the payment of Royalties in section 3.4, 

(vii)       
interest payments hereunder shall be payable by Cardero Coal both
before and after maturity and before and after default or judgment, if any,
until payment thereof in full, and interest shall accrue and be payable on
overdue interest, if any, at the rates and at the times described in this
Section, 

(viii)       if
any event of default occurs and is continuing, all payments made by Cardero Coal
hereunder shall be applied to amounts due in the following order: (x) costs and
expenses of Peace River Partnership in recovering amounts due, (y) interest and
(z) Advance Royalty amounts, and 

(ix)         
for greater certainty, failure to pay any amount of interest due
hereunder or any portion of the Advance Royalty when due shall in accordance
with this paragraph 4.2 shall be an event of default for the purposes of
paragraph 21.1(a) hereof, as amended hereby.” 

	3.1.3 	
      Section 17.1(a) of the Coal Lease is hereby corrected by
      replacing in line four thereof the phrase “two million dollars
      ($10,000,000)” with the phrase “ten million dollars
  ($10,000,000)”.

	 	 
	3.1.4 	
      Section 20.1 of the Coal Lease is hereby amended by
      deleting:

	 	(a) 	
      paragraph 20.1(a) thereof;
and

- 6 - 

	 	(b) 	
      renumbering paragraph “20.1(b)” as paragraph “20.1(a)”,
      and making the consequential change to each reference to such renumbered
      paragraph in the Coal Lease; and

	 	 	 
	 	(c) 	
      renumbering paragraph “20.1(c)” as paragraph “20.1(b)”,
      and making the consequential change to each reference to such renumbered
      paragraph in the Coal Lease.

ARTICLE 4 
COAL LEASE IN FULL FORCE 

4.1       
Coal Lease Otherwise Unamended 

Except as specifically herein provided, the Coal Lease remains
unamended and in full force and effect as at the date hereof. 

4.2       
Amendment Pursuant To Coal Lease 

This Agreement constitutes an amendment within the meaning of
Section 33.4 of the Coal Lease. 

ARTICLE 5 
MISCELLANEOUS 

5.1       
Governing Law 

This Agreement shall be governed by, and interpreted and
construed in accordance with, the Laws of the Province of British Columbia and
the federal Laws of Canada applicable therein, which shall be deemed to be the
proper law thereof. 

5.2       
Enurement 

This Agreement shall enure to the benefit of and be binding
upon the Peace River Partnership and Cardero Coal, and their respective
successors and permitted assigns. 

5.3       
Severability 

Any provision of this Amending Agreement which is prohibited or
unenforceable in any jurisdiction shall not invalidate the remaining provisions
hereof and any such prohibition or unenforceability in any jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction.

5.4       
Binding Effect 

This Agreement shall become effective as of the Effective Time,
when it shall have been executed by the Peace River Partnership and Cardero Coal
and thereafter shall be binding upon and enure to the benefit of the Peace River
Partnership and Cardero Coal and their respective successors and assigns. The
Peace River Partnership shall not assign its rights and obligations hereunder or
any interest herein without the prior consent of all Cardero Coal. 

- 7 - 

5.5       
Time Of The Essence 

Time shall be of the essence of this Amending Agreement. 

5.6       
Counterparts 

This Agreement may be executed in any number of counterparts,
each of which shall be deemed to be an original and all of which taken together
shall be deemed to constitute one and the same instrument, and it shall not be
necessary in making proof of this Amending Agreement to produce or account for
more than one such counterpart. 

IN WITNESS WHEREOF the Parties hereto have duly executed
and delivered this Amending Agreement as of the date first above written. 

	Peace River Partnership 	Cardero Coal Ltd. 
	 	 
	 	 
	Per:   (signed) L.
      Horan                              	Per:     (signed)
      Henk Van
      Alphen                         
	 	 
	 	 
	           
       Name:     L.
      Horan                           	         
       Name:   H. Van
      Alphen                                
	 	 
	 	 
	             Title:
      _____________________	         
       Title:     CEO &
      President

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