Document:

EXHIBIT 10.1

 

 

	 Offering for:

Aurora Gold Corporation

C/ Coresco AG

Lev el 3 Gotthardstrasse 20

6304 Zug, Switzerland

(The Customer)

         
	
        Offering from:

        Agustin Gomez de Segura

        Kerria 32, 3A, Alcobendas

        28109 Madrid, Spain

        (The Provider)

 

 

 

Version:1.0

Date:1st April 2012

 

 

TABLE OF CONTENTS:

	Section	Topic	Page number
	1	Current Situation	2
	2	Validity of Agreement	2
	3	The Services	2
	3.1	The provision of services	2
	3.2	Variations	2
	3.3	Term of service	2
	3.4	Minimum term	2
	4	Premises	2
	5	Payments	2
	5.1	Pricing	2
	5.2	Invoices and payment	2
	5.3	Payments for variations	2
	5.4	VAT	2
	6	Confidentiality	3
	7	Termination of Agreement	3
	8	Expenses	3
	9	Contractual Contacts	3
	10	Applicable law and place of jurisdiction	3
	 	 	 

 

 

 

    	 

    	 

    

1. CURRENT SITUATION.

The current situation
is that Aurora Gold Corporation (Customer) requires the services of Agustin Gomez De Segura (Provider) to undertake independent
director responsibilities.

 

2. VALADITY OF AGREEMENT.

This contract becomes valid and effective
once signed and stays valid until one of the termination conditions in chapter 7, “Termination of agreement” are met.

 

3. THE SERVICES.

3.1. The provision of services.

The Provider will render the services in
accordance with this Agreement exercising due care, skill and judgment in

an efficient and professional manner and
in accordance with accepted professional and business practices.

 

3.2. Variations to services.

The Customer may at any time request the
Provider alter the services or request the Provider carry out any work of a character similar to the services as the customer considers
reasonably necessary. These requests must be in writing. The Provider will seek to comply with any such request, provided the request
is reasonably issued and is within the power of the Provider.

 

3.3 Term of service.

The Provider will be available from signing
date of this agreement, unless otherwise stated.

 

3.4 Minimum Term

The agreement commences per chapter 3.3
and ends upon agreed terms. The Provider and Customer may not terminate this agreement prior to this date unless Force Majeure
circumstances, not including personal incapacity, prevent rendering of services under this agreement.

 

4. PREMISES.

All work is to be performed at the customers
address in Zug, Switzerland which is within the offices of Coresco AG. Coresco will allow the Provider to occupy an office complete
with desk and any other equipment where appropriate at Coresco premises free of charge. The use of Coresco work places and/or resources
will not result in or create any obligations for the Provider towards Coresco or any third parties. Work at any other locations
has to be mutually agreed prior to undertaking.

 

5. PAYMENTS.

5.1 Pricing.

Monthly rate per professional month shall
be determined at USD 3,000.00, gross, per calendar month plus VAT if applicable starting from 1st April 2012.

 

5.2 Invoices and Payment.

The Customer will pay the Provider for
rendering services. The Customer will make all payments to the Provider in accordance with the rates set out in chapter 5.1. The
Provider must submit monthly invoices to the Customer and will do so via Coresco AG. The Customer will pay all correctly rendered
invoices within 15days of receipt.

 

5.3 Payments for variations.

If the Customer requests the Provider in
writing to alter or vary the Services, and the Provider has agreed to render those services, the amount payable by the Customer
to the Provider for any variation carried out in accordance with such direction, will be as agreed by the parties.

 

5.4 VAT.

VAT will be added to all invoices rendered
at the Swiss VAT prevailing rates at the time of invoice issue if applicable.

 

    	 

    	 

    

 

6. CONFIDENTIALITY.

All information will be kept confidential per a separate confidentiality
agreement.

 

7. TERMINATION OF AGREEMENT.

This agreement may be mutually terminated
without further liabilities. Termination is valid at the end of the calendar month following the month of mutual termination after
both parties have agreed to it in written form. After this the rights and liabilities of both parties are void.

 

Either party may terminate this agreement
with immediate effect, in the event that the other party:

-Commits any act of gross misconduct or
any other breach of its material obligations under this agreement; or

-Becomes or is declared bankrupt or insolvent
or enters into liquidation or is subject to any proceeding relating to its bankruptcy or insolvency, but without prejudice to any
subsisting rights or either party against the other.

 

If the Customer terminates this agreement
then a three month termination period starting at the end of the calendar month in which notice was given must be paid at that
time, and all options and or warrants granted as per the Staff Option Scheme remain with the provider.

 

8. EXPENSES.

Expenses are included for travel to and
for on-site work at Coresco in Zug, Switzerland.

 

For any other location of work other than
Zug Switzerland, whether corporate or non-corporate sites on behalf of the Customer, all actual costs of business class travel
and accommodation are covered by Aurora Gold Corporation.

 

9. CONTRACTUAL CONTACTS.

 

	Agustin Gomez de Segura:	Agustin Gomez de Segura
	 	Kerria 32, 3A, Alcobendas
	 	28109 Madrid, Spain
	 	Mail: ags@deltafinance.es

 

	Aurora Gold Corporation:	Aurora Gold Corporation
	 	C/ Coresco AG
	 	Level 3 Gotthardstrasse 20
	 	6304 Zug, Switzerland

 

 

 

 

10. APPLICABLE LAW AND PLACE OF JURISDICTION.

The here noted general terms and conditions of the agreement
are subject to Swiss Law. Place of jurisdiction is Zug, Switzerland. 

		 		 
	Agustin Gomez de Segura 	 	 	Aurora Gold Corporation 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Signature	 	 	Signature of Authorised  Signatory	 
	 	 	 	 	 
	AGUSTIN GOMEZ DE SEGURA	 	 	ROSS DOYLE	 
	 	 	 	 	 
	Name	 	 	Name	 
	Madrid 10th April	 	 	Zug 10th  April	 
	Place, Date.	 	 	Place, Date.OMNIBUS WAIVER AND MODIFICATION AGREEMENT

 

This Omnibus Waiver
and Modification Agreement, made as of May 11, 2011 (the “Agreement”), is being entered into among Mesa
Energy Holdings, Inc., a Delaware corporation (the “Borrower”), and the subscribers executing this agreement
as set forth on the signature pages hereto (the “Subscribers”).

 

WHEREAS, the Borrower
and Subscribers entered into a subscription agreement (the “Subscription Agreement”) pursuant to which the Borrower
issued convertible notes (the “Notes”) which were secured pursuant to a security agreement (the “Security Agreement”
and together with the Subscription Agreement and Notes, the “Transaction Documents”), which Transaction Documents may
be amended by a Majority in Interest as defined therein; and

 

WHEREAS, in conjunction
with one or more contemplated acquisitions (an “Additional Acquisition”), the Borrower would like to raise additional
funds (the “Additional Investment”); and

 

WHEREAS, in connection
with the Additional Investment, the maturity date of the Notes would be extended and the conversion price of the Notes lowered
in exchange for the Subscribers agreeing to remove the existing Coal Creek property from the Security Agreement and subordinate
all remaining claims to the Additional Investment; and

 

NOW THEREFORE, in consideration
of the promises and mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby consent and agree as follows:

 

1.          Subject
to paragraph 4, the Notes are hereby amended as follows: (i) the Maturity Date of the Notes, as defined therein, is hereby amended
to July 31, 2013, and (ii) Section 2.1(b) of the Notes is hereby amended so that the Fixed Conversion Price, as defined therein,
to $0.125.

 

2.          Subject
to paragraph 4, section 9(b) of the Subscription Agreement is hereby amended so that the Pink Sheets is included in the definition
of “Principal Market” and the Subscribers hereby waive any defaults and any damages from such defaults under the Transaction
Documents as a result of the Borrower’s common stock being quoted on the Pink Sheets.

 

3.          Subject
to paragraph 4, (i) section 3.2 of the Security Agreement is hereby amended so that the definition of “Collateral”
excludes any property owned by the Borrower relating to the Coal Creek Prospect in Oklahoma, and (ii) the Security Agreement is
hereby amended so that the security interest granted to the Subscribers shall be subordinate to the security interest for the benefit
of the holders of the Additional Investment. The Subscribers shall prepare, execute and file amended UCC-3 financing statements,
at the Borrowers cost and expense. In addition, the Subscribers covenant that they shall execute such additional documents as reasonably
requested, including a subordination agreement, if requested in connection with the Additional Investment.

 

    	 

    	 

    

 

4.          This
Agreement shall only be binding once it has been executed by a Majority in Interest of the Subscribers and further provided that
(i) an Additional Acquisition, and (ii) the Additional Financing, are completed by July 31, 2011.

 

5.          Each
of the Subscribers executing this agreement represent to the other signatories hereto that it remains the holder of all the securities
issued to it by the Borrower and that no portion of its securities have been, converted, paid or exchanged.

 

6.          Except
as specifically set forth herein, all other terms of the Transaction Documents remain in full force and effect.

 

7.          In
this Agreement words importing the singular number include the plural and vice versa; words importing the masculine gender include
the feminine and neuter genders. The word “person” includes an individual, body corporate, partnership, trustee or
trust or unincorporated association, executor, administrator or legal representative.

 

8.          This
Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms and conditions hereof may be waived,
only by a written instrument signed by all parties, or, in the case of a waiver, by the party waiving compliance. Except as expressly
stated herein, no delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver
thereof, nor shall any waiver on the part of any party of any right, power or privilege hereunder preclude any other or future
exercise of any other right, power or privilege hereunder.

 

9.          The
division of this Agreement into articles, sections, subsections and paragraphs and the insertion of headings are for convenience
of reference only and shall not affect the construction or interpretation of this Agreement.

 

10.         This
Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard to conflicts of
laws principles that would result in the application of the substantive laws of another jurisdiction. Any action brought by either
party against the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of
New York or in the federal courts located in the state of New York. Both parties and the individuals executing this Agreement and
other agreements on behalf of the parties agree to submit to the jurisdiction of such courts and waive trial by jury. The prevailing
party (which shall be the party which receives an award most closely resembling the remedy or action sought) shall be entitled
to recover from the other party its reasonable attorney's fees and costs. In the event that any provision of this Agreement or
any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then
such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform
with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the
validity or enforceability of any other provision of any agreement.

 

    	 

    	 

    

 

11.         This
Agreement may be executed in counterparts, all of which when taken together shall be considered one and the same Agreement and
shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that
all parties need not sign the same counterpart. In the event that any signature is delivered by facsimile or PDF transmission,
such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed)
the same with the same force and effect as if such facsimile signature were an original thereof.

 

IN WITNESS WHEREOF, the parties hereby execute
this Agreement as of the date first written above.

 

MESA ENERGY HOLDINGS, INC.

 

	/s/ RANDY M. GRIFFIN	 
	By: Randy M. Griffin	 
	Its: Chief Executive Officer	 

 

[Subscriber signatures page on the following
page]

 

    	 

    	 

    

 

Subscribers Signature
Page

 

	WHALEHAVEN CAPITAL FUND LIMITED	 
	 	 
	/s/ ERIC WEISBLUM	 
	By:  Eric Weisblum	 
	Its:  Partner	 
	 	 
	CHESTNUT RIDGE PARTNERS, LP	 
	 	 
	/s/ KENNETH HOLZ	 
	By:  Kenneth Holz	 
	Its:  C.F.O.	 
	 	 
	BRIO CAPITAL L.P.	 
	 	 
	/s/ SHAYE HIRSCH	 
	By:  Shaye Hirsch	 
	Its:  Managing Partner

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