Document:

Exhibit 10.4

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION
RIGHTS AGREEMENT (this “Agreement”) is made and entered into the 7th day of February 2019, by and between Desert
Hawk Gold Corp., a Nevada corporation (the “Company”), and Clifton Mining Company, a Utah corporation (the “Shareholder”),
each, a “Party” and collectively, the “Parties”.

 

RECITALS: 

 

WHEREAS,
the Shareholder holds 560,824 shares of the Company’s common stock, and concurrently with the execution of this Agreement the Shareholder
is acquiring additional shares of the Company’s common stock (collectively, the “Common Stock”) in connection
with the Second Amended and Restated Lease Agreement of even date herewith (the “Amended Agreement”); and

 

WHEREAS,
as a condition to such acquisition, the Parties are willing to enter into the agreements contained herein.

 

NOW, THEREFORE,
in consideration of the foregoing and of the mutual covenants and agreements set forth herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties
agree as follows:

 

1. Definitions. As used in this
Agreement, capitalized terms used herein and not otherwise defined herein shall have the meaning given to such terms in the
Amended Agreement.

 

“Affiliate”
means, with respect to any Person, any other Person which, directly or indirectly, controls, is controlled by or is under common
control with such Person.

 

“Holder” means the Shareholder
or any transferee of the Shareholder.

 

“Person”
means an individual, a partnership, a joint venture, a corporation, a trust, an unincorporated organization and government
or any department or agency thereof.

 

“Registrable Securities” means
(i) the Common Stock previously issued to the Shareholder or issued to the Shareholder pursuant to the Amended Agreement, and (ii)
any securities issued or issuable with respect to the Common Stock referred to in clause (i) by way of replacement, share dividend,
share split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization.

 

“Registration
Statements” means one or more registration statements of the Company, including the prospectus, amendments and
supplements to such registration statement, including post-effective amendments, all exhibits and all material incorporated
by reference in such registration statement.

 

     

     

    

 

“SEC” means the Securities and Exchange Commission.

 

“Securities
Act” means the Securities Act of 1933, as amended, or any similar federal law then in force.

 

2. Registration Obligations

 

2.1 Registration
of Registrable Securities. The Company hereby agrees to register the Registrable Securities by means of one or more Registration
Statements declared effective by the SEC within 18 months from the date of this Agreement. The Shareholder and any Holder of the
Registrable Securities shall be bound by the terms and conditions of this Agreement. If the Holders of the Registrable Securities
elect to distribute the Registrable Securities in an underwritten offering, the Holders shall so inform the Company. The Holders
of a majority of the Registrable Securities shall select the investment banking firm or firms to act as the managing underwriter
or underwriters in connection with such offering.

 

2.2 Registration of
Additional Shares. The Company shall not include in any Registration Statement any securities that are not Registrable Securities
without the prior written consent of the Holders of a majority of the Registrable Securities, which consent shall not be unreasonably
withheld, conditioned or delayed. If any Registration Statement involves an underwritten offering and the managing underwriter
advises the Company and the Holders of Registrable Securities in writing that in its reasonable and good faith opinion the number
of shares of Company stock proposed to be included in such Registration Statement, including all Registrable Securities and all
other shares of Company stock proposed to be included in such underwritten offering, exceeds the number of shares of Company stock
that can be sold in such underwritten offering and/or the number of shares of Company stock proposed to be included in such Registration
Statement would adversely affect the price per share of the Registrable Securities proposed to be sold in such underwritten offering,
the Company shall include in such Registration Statement (a) first, the Registrable Securities the Holders thereof propose to sell,
and (b) second, the shares of Company stock proposed to be included therein by any other Persons (including shares of Company stock
to be sold for the account of the Company and/or other holders of Company stock) allocated among such Persons in such manner as
they may agree. If the managing underwriter determines that less than all of the Registrable Securities proposed to be sold can
be included in such offering, then the Registrable Securities that are included in such offering shall be allocated pro rata among
the respective Holders thereof on the basis of the number of Registrable Securities owned by each such Holder.

 

2.3 Registration
Term. The Company shall use its best efforts to maintain the effectiveness of any Registration Statement for a period of three
years, or until all Registrable Securities have been sold by the Holders, whichever is earlier.

 

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3. Registration Procedures.

 

3.1 Registration.
The Company will use its best efforts to effect the registration of such Registrable Securities in accordance with the intended
method of disposition thereof, and pursuant thereto the Company will as expeditiously as possible:

 

3.1.1 Registration
Statement. Prepare and file with the SEC one or more Registration Statements with respect to such Registrable Securities and
use its best efforts to cause any such Registration Statement to become effective.

 

3.1.2 Amendments
and Supplements. Promptly prepare and file with the SEC such amendments and supplements to any such Registration Statement
and the prospectus used in connection therewith as may be necessary to keep such Registration Statement effective for the period
required by the intended method of disposition and the terms of this Agreement and comply with the provisions of the Securities
Act with respect to the disposition of all securities covered by such Registration Statement during such period in accordance with
the intended methods of disposition by the sellers thereof set forth in such Registration Statement.

 

3.1.3 Provision
of Copies. Promptly furnish to each seller of Registrable Securities the number of copies of any such Registration Statement,
each amendment and supplement thereto, the prospectus included in such Registration Statement (including each preliminary prospectus)
and such other documents as such seller may reasonably request in order to facilitate the disposition of the Registrable Securities
owned by such seller.

 

3.1.4 Blue Sky Laws.
Use its best efforts to register or qualify such Registrable Securities under the securities or blue sky laws of such jurisdictions
as any seller reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable
such seller to consummate the disposition in such jurisdictions of the Registrable Securities owned by such seller, provided, that
the Company will not be required to (a) qualify generally to do business in any jurisdiction where it would not otherwise be required
to qualify but for this Section 3.1.4; (b) subject itself to taxation in any such jurisdiction; or (c) consent to general service
of process in any such jurisdiction.

 

3.1.5 Anti-fraud
Rules. Promptly notify each seller of such Registrable Securities when a prospectus relating thereto is required to be
delivered under Securities Act, of the happening of any event as a result of which the prospectus included in any such
Registration Statement contains an untrue statement of a material fact or omits any material fact necessary to make the
statements therein not misleading, and in such event, at the request of any such seller, the Company will promptly prepare a
supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities,
such prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary to make
the statements therein not misleading, provided, that the Company will not take any action which causes the prospectus
included in such Registration Statement to contain an untrue statement of material fact or omit any material fact necessary
to make the statements therein not misleading, except as permitted by Section 5.1.

 

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3.1.6 Due Diligence.
Make available for inspection by any underwriter participating in any disposition pursuant to any such Registration Statement and
any attorney, accountant or other agent retained by any such underwriter, all financial and other records, pertinent corporate
documents and properties of the Company, and cause the Company’s officers, directors, employees and independent accountants to
supply all information reasonably requested by any such underwriter, attorney, accountant or agent in connection with such Registration
Statement.

 

3.1.7 Deemed Underwriters
or Controlling Persons. Permit any Holder of Registrable Securities, which Holder, in such Holder’s reasonable judgment, might
be deemed to be an underwriter or a controlling Person of the Company, to participate in the preparation of such registration or
comparable statement and to require the insertion therein of material in form and substance satisfactory to such Holder and to
the Company and furnished to the Company in writing, which in the reasonable judgment of such Holder and its counsel should be
included.

 

3.1.8 Management
Availability. In connection with underwritten offerings, make available appropriate management personnel for participation
in the preparation and drafting of such registration comparable statement, for due diligence meetings and for “road show”
meetings.

 

3.1.9 Stop Orders.
Promptly notify Holders of the Registrable Securities of the threat of issuance by the SEC of any stop order suspending the effectiveness
of any Registration Statement or the initiation of any proceeding for that purpose and make every reasonable effort to prevent
the entry of any order suspending the effectiveness of such Registration Statement. In the event of the issuance of any stop order
suspending the effectiveness of any Registration Statement, or of any order suspending or preventing the use of any related prospectus
or suspending the qualification of any Registrable Securities included in such Registration Statement for sale in any jurisdiction,
the Company will use its reasonable best efforts promptly to obtain the withdrawal of such order.

 

3.1.10 Transfer
 Agent. Provide a transfer agent and registrar (which may be the same entity) for all such Registrable Securities not later
than the effective date of such registration.

 

3.1.11 Securities
Exchange. Use its best efforts to cause such Registrable Securities to be listed on each securities exchange on which the Company
stock is then listed or, if the Company stock is not then listed, on a national securities exchange selected by the Holders of
a majority of such Registrable Securities.

 

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3.1.12 Customary
Agreements. In connection with an underwritten offering, enter into such customary agreements (including underwriting and lock-up
agreements in customary form) and take all such other customary actions as the holders of such Registrable Securities or the managing
underwriter of such offering reasonably request in order to expedite or facilitate the disposition of such Registrable Securities
(including, without limitation, making appropriate officers of the Company available to participate in “road show” and
other customary marketing activities (including one-on-one meetings with prospective purchasers of the Registrable Securities)).

 

3.1.13 Legal Opinion
and Comfort Letter. Furnish to each selling Holder of Registrable Securities and each underwriter, if any, with (i) a written
legal opinion of the Company’s outside counsel, dated the closing date of the offering, in form and substance as is customarily
given in opinions of the Company’s counsel to underwriters in underwritten registered offerings; and (ii) on the date of the applicable
prospectus, on the effective date of any post-effective amendment to the applicable Registration Statement and at the closing of
the offering, dated the respective dates of delivery thereof, a “comfort” letter signed by the Company’s independent
certified public accountants in form and substance as is customarily given in accountants’ letters to underwriters in underwritten
registered offerings.

 

3.1.14 Stock Certificates.
Cooperate with the Holders of the Registrable Securities to facilitate the timely preparation and delivery of certificates representing
the Registrable Securities to be sold pursuant to any such Registration Statement or Rule 144 free of any restrictive legends and
representing such number of shares of Common Stock and registered in such names as the Holders of the Registrable Securities may
reasonably request a reasonable period of time prior to sales of Registrable Securities pursuant to such Registration Statement
or Rule 144; provided, that the Company may satisfy its obligations hereunder without issuing physical stock certificates
through the use of The Depository Trust Company’s Direct Registration System (the “DTCDRS”).

 

3.1.15 CUSIP Number.
Not later than the effective date of any such Registration Statement, provide a CUSIP number for all Registrable Securities and
provide the applicable transfer agent with printed certificates for the Registrable Securities which are in a form eligible for
deposit with The Depository Trust Company; provided, that the Company may satisfy its obligations hereunder without issuing
physical stock certificates through the use of the DTCDRS.

 

3.1.16 Other Actions.
Otherwise use its best efforts to take all other steps necessary to effect the registration of such Registrable Securities contemplated
hereby.

 

3.2 Further Information. The Company
may require each Holder of Registrable Securities to furnish to the Company in writing such information regarding the
proposed distribution by such Holder of such Registrable Securities as the Company may from time to time reasonably
request.

 

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3.3 Notice to Suspend
Offers and Sales. Each Holder severally agrees that, upon receipt of any notice from the Company of the happening of any event
of the kind described in Sections 3.1.5 or 3.1.9 hereof, such Holder will forthwith discontinue disposition of shares of Common
Stock pursuant to a registration hereunder until receipt of the copies of an appropriate supplement or amendment to the prospectus
under Section 3.1.5 or until the withdrawal of such order under Section 3.1.9.

 

3.4 Reference to Holders.
If any such registration or comparable statement refers to any Holder by name or otherwise as the holder of any securities of the
Company and if, in the Holder’s reasonable judgement, such Holder is or might be deemed to be a controlling Person of the Company,
such Holder shall have the right to require (a) the insertion therein of language in form and substance satisfactory to such Holder
and the Company and presented to the Company in writing, to the effect that the holding by such Holder of such securities is not
to be construed as a recommendation by such Holder of the investment quality of the Company’s securities covered thereby and that
such holding does not imply that such Holder will assist in meeting any future financial requirements of the Company, or (b) in
the event that such reference to such Holder by name or otherwise is not required by the Securities Act or any similar federal
statute then in force, the deletion of the reference to such Holder, provided that with respect to this clause (b) such Holder
shall furnish to the Company an opinion of counsel to such effect, which opinion and counsel shall be reasonably satisfactory to
the Company.

 

4. Registration Expenses.

 

4.1 Expense Borne
by Company. Except as specifically otherwise provided in Section 4.2 hereof, the Company will be responsible for payment of
all expenses incident to any registration hereunder, including, without limitation, all registration and filing fees, fees and
expenses of compliance with securities or blue sky laws, printing expenses, messenger and delivery expenses, road show expenses,
advertising expenses, underwriting expenses (other than underwriting fees or brokerage discounts), and fees and disbursements of
counsel for the Company and all independent certified public accountants and other Persons retained by the Company in connection
with such registration.

 

4.2 Expense Borne
by Selling Security Holders. The selling security holders will be responsible for payment of their own legal fees (if they
retain legal counsel separate from that of the Company), underwriting fees and brokerage discounts, commissions and other sales
expenses incident to any registration hereunder, with any such expenses which are common to the selling security holders divided
among such security holders (including the Company and holders of the Company’s securities other than Registrable Securities, to
the extent that securities are being registered on behalf of such Persons pursuant to the terms of this Agreement) pro rata on
the basis of the number of shares being registered on behalf of each such security holder, or as such security holders may otherwise
agree.

 

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5. Indemnification Section.

 

5.1 Indemnification
by Company. The Company agrees to indemnify, reimburse, compensate and hold harmless, to the fullest extent permitted by law,
each Holder of Registrable Securities and each Person who controls (within the meaning of the Securities Act) such Holder against
all loses, claims, damages, liabilities and expenses in connection with defending against any such losses, claims, damages and
liabilities or in connection with any investigation or inquiry, in each case caused by or based on any untrue or alleged untrue
statement of material fact contained in any Registration Statement, prospectus or preliminary prospectus or any amendment thereof
or supplement thereto or any omission or alleged omission of a material fact required to be stated therein or necessary to make
the statements therein not misleading or arise out of any violation by the Company of any rules or regulation promulgated under
the Securities Act applicable to the Company and relating to action or inaction required of the Company in connection with such
registration, except insofar as the same are (i) contained in any information furnished in writing to the Company by such Holder
expressly for use therein; (ii) caused by such Holder’s failure to deliver a copy of the Registration Statement or prospectus or
any amendments or supplements thereto; or (iii) caused by such Holder’s failure to discontinue disposition of shares after receiving
notice from the Company pursuant to Section 3.3 hereof. In connection with an underwritten offering, the Company will indemnify,
reimburse, compensate and hold harmless such underwriters, their officers and directors and each Person who controls (within the
meaning of the Securities Act) such underwriters at least to the same extent as provided above with respect to the indemnification
of the Holders of Registrable Securities.

 

5.2 Indemnification
by Holder. In connection with any Registration Statement in which a Holder of Registrable Securities is participating, each
such Holder will furnish to the Company in writing such information as the Company reasonably requests for use in connection with
any such Registration Statement or prospectus and, to the extent permitted by law, will indemnify, reimburse, compensate and hold
harmless the Company, its directors and officers and each Person who controls (within the meaning of the Securities Act) the Company
against any losses, claims, damages, liabilities and expenses resulting from any untrue or alleged untrue statement of material
fact contained in such Registration Statement, prospectus or preliminary prospectus or any amendment thereof or supplement thereto
or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein
not misleading, but only to the extent that such untrue statement or omission is contained in any information so furnished in writing
by such Holder expressly for use in connection with such registration; provided that the obligation to indemnify will be individual
to each Holder and will be limited to the net amount of proceeds received by such Holder from the sale of Registrable Securities
pursuant to such Registration Statement.

 

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5.3 Assumption
of Defense by Indemnifying Party. Any Person entitled to indemnification hereunder will (a) give prompt written notice to
the indemnifying party of any claim with respect to which it seeks indemnification and (b) unless in such indemnified party’s
reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such
claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the
indemnified party. The failure of any indemnified party to notify an indemnifying party of any such action shall not (unless
such failure shall have a material adverse effect on the indemnifying party) relieve the indemnifying party from any
liability in respect of such action that it may have to such indemnified party hereunder. If such defense is assumed, the
indemnifying party will not be subject to any liability for any settlement made by the indemnified party without its consent
(but such consent will not be unreasonably withheld). An indemnifying party who is not entitled to, or elects not to, assume
the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for all parties
indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party
a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to
such claim.

 

5.4 Binding Effect.
The indemnification provided for under this Agreement will remain in full force and effect regardless of any investigation made
by or on behalf of the indemnified party or any officer, director or controlling Person of such indemnified party and will survive
the transfer of securities. The Company also agrees to make such provisions, as are reasonably requested by any indemnified party,
for contribution to such party in the event the Company’s indemnification is unavailable for any reason. Each Holder of Registrable
Securities also agrees to make such provisions, as are reasonably requested by any indemnified party, for contribution to such
party in the event such Holder’s indemnification is unavailable for any reason; provided, that the maximum amount of liability
in respect of such contribution shall be limited, in the case of each Holder of Registrable Securities, to an amount equal to the
net proceeds (after underwriting fees, commissions or discounts) actually received by such Holder from the sale of Registrable
Securities effected pursuant to such registration.

 

6. Miscellaneous.

 

6.1 Notices. All
notices, payments and other required communications (“Notices”) to the Parties shall be in writing, and shall be addressed
respectively as follows:

 

If to Clifton:

 

Clifton Mining Company

705 East 50 South

American Fork, UT 84003

 

If to Desert Hawk:

 

Desert Hawk Gold Corp.

1290 Holcomb Avenue

Reno, NV 89502

 

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with a copy to:

 

Ronald N. Vance, Esq.

Pearson Butler

1802 W South Jordan Parkway, Suite 200

South Jordan, UT 84095

 

All
Notices shall be given (i) by personal delivery to the Party, or (ii) by registered or certified mail return receipt
requested. All Notices shall be effective and shall be deemed delivered (i) if by personal delivery on the date of delivery
if delivered during normal business hours, and, if not delivered during normal business hours, on the next business day
following delivery, and (ii) if by mail on the next business day after actual receipt. A Party may change its address by
Notice to the other Party.

 

6.2 Waiver. The failure of a Party to
insist on the strict performance of any provision of this Agreement or to exercise any right, power or remedy upon a breach
hereof shall not constitute a waiver of any provision of this Agreement or limit the Party’s right thereafter to enforce any
provision or exercise any right.

 

6.3 Modification.
No modification of this Agreement shall be valid unless made in writing and duly executed by the Parties.

 

6.4 Attorneys’ Fees. If legal action is
instituted by either Party to enforce the terms of this Agreement or to recover damages for the breach of any of the
provisions of this Agreement, the prevailing Party shall be entitled to receive from the other Party reasonable attorneys’
fees to be determined by the court in which the action is brought.

 

6.5 No Third-Party Beneficiaries. This
Agreement is for the sole benefit of the Parties and their respective successors and permitted assigns and nothing herein,
express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of
any nature whatsoever, under or by reason of this Agreement.

 

6.6 Governing Law, Jurisdiction and Venue.
This Agreement shall be construed, interpreted and governed by the laws of the State of Utah without regard for choice of
laws or conflict of laws principles that would require or permit the application of the laws of any other jurisdiction. Each
of the Parties, on behalf of themselves and their successors, irrevocably consents to the exclusive jurisdiction of the
courts of the state of Utah or the federal district court for the District of Utah, as may be applicable, in respect of any
disputes arising hereunder, with venue to be in Salt Lake County, Utah.

 

6.7 Further Assurances. Each of the
Parties agrees to take from time to time such actions and execute such additional instruments as may be reasonably necessary
or convenient to implement and carry out the intent and purpose of this Agreement.

 

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6.8 Entire Agreement and
Successors and Assigns. This Agreement contains the entire understanding of the Parties and supersedes all prior
agreements and understandings between the Parties relating to the subject matter hereof. This Agreement shall be binding upon
and inure to the benefit of the respective successors and assigns of the Parties.

 

6.9 Execution.
This Agreement may be executed by the Parties in counterparts, which taken together shall constitute a single and complete
document. This Agreement, once executed, may be delivered by facsimile, email (PDF) or other electronic means, and in such
event shall be deemed the equivalent of an agreement with original signatures.

 

6.10 Severability.
If any provision of this Agreement is for any reason and to any extent determined by a court of competent jurisdiction to be invalid
or unenforceable, the remainder of this Agreement will be interpreted so as best to reasonably effect the intent of the Parties.
The Parties agree to use their best efforts to replace such void or unenforceable provision of this Agreement with a valid and
enforceable provision which is mutually agreeable so as to achieve, to the greatest extent possible, the economic, business and
other purposes of the void or unenforceable provision.

 

6.11 Remedies. Each
Holder of Registrable Securities, in addition to being entitled to exercise all rights granted by law, including recovery of
damages, shall be entitled to specific performance of its rights under this Agreement. The Company acknowledges that monetary
damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this
Agreement and the Company hereby agrees to waive the defense in any action for specific performance that a remedy at law
would be adequate.

 

SIGNATURE PAGE FOLLOWS

 

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SIGNATURE PAGE

 

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

 

	COMPANY:	Desert Hawk Gold Corp., a Nevada corporation
	 	 	 
	 	By 	/s/ Rick Havenstrite
	 		Rick Havenstrite, President
	 	 	 
	SHAREHOLDER:	Clifton Mining Company, a Utah corporation
	 	 	 
	 	By 	/s/ Kenneth Friedman
	 		Kenneth Friedman, President

 

 

11Exhibit 10.11

 

ASSIGNMENT
AND ASSUMPTION AGREEMENT

 

This
Assignment and Assumption Agreement (this “Assignment Agreement”) is made on February 13, 2018 (the “Effective
Date”), by and among DMRJ GROUP I, LLC, a Delaware limited liability company (“DMRJ”), PLATINUM PARTNERS
VALUE ARBITRAGE FUND L.P., a Delaware limited partnership (“PPVA”), PLATINUM PARTNERS CREDIT OPPORTUNITIES
MASTER FUND, LP, a Delaware limited partnership (“PPCO” and, collectively with DMRJ and PPVA, “Assignor”),
and DESERT HAWK GOLD CORP., a Nevada corporation (the “Company” or “Assignee”). Reference
is made to (i) that certain Investment Agreement, dated as of July 14, 2010, by and between the Company and DMRJ (as amended,
restated, supplemented or otherwise modified to date, the “Investment Agreement”), (ii) those certain Participation
Agreements by and between DMRJ and the other parties thereto, in each case participating indebtedness incurred under the Investment
Agreement (as amended, restated, supplemented or otherwise modified to date, the “Participation Agreements”)
and (iii) those certain promissory notes issued by the Company and those certain share certificates evidencing shares of the Company’s
capital stock, in each case issued pursuant to the Investment Agreement (the “Notes and Shares”). Capitalized
terms used herein and not otherwise defined shall have the meanings assigned to them in the Investment Agreement.

 

Assignor
and Assignee hereby agree as follows:

 

1.
Assigned Documents and Assigned Interests. At and upon the Closing (defined below) Assignor shall sell and assign to Assignee,
and Assignee shall purchase, accept and assume from Assignor, all of Assignor’s rights and obligations (the “Assigned
Interests”) under (i) the Investment Agreement, (ii) the other Transaction Documents (as defined in the Investment Agreement),
(iii) the Participation Agreements, (iv) the Notes (including all principal and accrued and unpaid interest) and Shares (including
all equity securities issued by Assignee to Assignor) and (v) each other agreement, amendment, certificate or other document related
to the foregoing to which any Assignor is a party (the foregoing collectively, the “Assigned Documents”), in
each case as of the Effective Date, as further described on the schedule attached hereto (the “Schedule”),
and including, without limitation, (a) all rights, remedies, title and interest of Assignor under the Assigned Documents, (b)
the Term Loan Advances and Obligations, and all accrued and unpaid interest, fees, charges and other obligations of the Company
related thereto, (c) any and all reimbursement claims of Assignor against the Company for accrued unpaid expenses, (d) all claims,
suits, causes of action and any other right of the Assignor against any Person, whether known or unknown, arising under or in
connection with the Assigned Documents or the transactions governed thereby, (e) all funding and other contractual obligations
of Assignor under the Assigned Documents and (f) all of Assignor’s right, title and interest to the Collateral and any other
security in respect of the foregoing, and all liens and encumbrances of Assignor on the Assigned Interests and on the Collateral
pursuant to the Assigned Documents. Such purchase and sale is made without recourse, representation or warranty except as expressly
set forth herein.

 

2.
Assignment and Assumption at Closing. At and upon the Closing (a) Assignee shall automatically be substituted as, and shall
become a party to the Assigned Documents as, the Investor thereunder, and shall have all of the rights and obligations of the
Investor thereunder with respect to the Assigned Interests and (b) Assignor shall relinquish all of its rights under the Assigned
Documents with respect to the Assigned Interests (other than any surviving indemnification rights), and Assignee shall assume
all of Assignor’s obligations under the Assigned Documents. The assignment and assumption of the Assigned Interests pursuant
to this Assignment Agreement shall not create or enlarge any rights of any third parties.

 

     

     

    

 

3.
Closing; Purchase Price. The closing of the purchase, sale, assignment and assumption of the Assigned Documents and the
Assigned Interests thereunder (the “Closing”) will take place remotely by electronic exchange of counterpart
signature pages and by Assignee’s payment to Assignor by wire transfer of immediately available funds in the amount of Six
Hundred Twenty-Five Thousand U.S. Dollars ($625,000.00).(the “Purchase Price”), within three (3) days
of the satisfaction or waiver of the conditions to Closing set forth below, unless another date or place is agreed to in writing
by the parties hereto. The date of the Closing is referred to herein as the “Closing Date”. The obligation
of Assignee and Assignor to consummate and close the transaction hereunder will be subject only to (i) Assignee’s obtaining
of firm commitments of capital in the aggregate amount of at least the Purchase Price amount; (ii) approval of the terms of this
Assignment Agreement by PPVA’s investment committee and necessary court approvals and (iii) delivery to Assignee or Assignee’s
counsel of all original stock certificates in Assignor’s possession representing the Shares.

 

4.
Assignee Covenants. (a) Assignee shall use commercially reasonable best efforts to obtain firm commitments of capital in
the aggregate amount of no less than $400,000.00 within thirty (30) days of the execution of this Assignment Agreement (the “Milestone
Date”), as evidenced by commitment letters or other evidence reasonably satisfactory to Assignor. If Assignee shall
not provide such commitments to Assignor by the Milestone Date, Assignor shall have the option to terminate its obligations under
this Assignment Agreement upon written notice of termination to Assignee (“Early Termination”).

 

(b)
The business and operations of the Company shall be conducted in the usual and ordinary course of business in accordance with
good business practices between the date of this Assignment Agreement and the earlier of the Closing Date and the date of earlier
termination of this Assignment Agreement in accordance with its terms.

 

5.
Assignor Representations and Warranties. Each Assignor, individually and not jointly and severally: (a) represents and
warrants that as of the Effective Date and the Closing Date (i) it is the sole legal and beneficial owner of, and has good title
to, the Assigned Documents and the Assigned Interests thereunder, (ii) the Assigned Documents and the Assigned Interests thereunder
are free and clear of any lien, encumbrance or other adverse claim (other than the liens being conveyed to Assignee pursuant hereto),
(iii) it is legally authorized to enter into and perform this Assignment Agreement and (iv) neither Assignor nor any Person acting
on its behalf has or will become obligated to pay any fee or commission to any broker, finder or intermediary for or on account
of the transactions contemplated by this Assignment Agreement; and (b) (i) makes no other representation or warranty and assumes
no responsibility with respect to any statement, warranty or representation made in or in connection with the Assigned Documents
and Assigned Interests or the execution, legality, validity, enforceability, genuineness, sufficiency or value of such documents
and interests and (ii) makes no representation or warranty and assumes no responsibility with respect to the financial condition
of the Company or the performance or observance by the Company of its obligations under the Assigned Documents.

 

    2

     

    

 

6.
Assignee Representations and Warranties. Assignee: (a) represents and warrants that as of the Effective Date and the Closing
Date (i) it is legally authorized to enter into and perform this Assignment Agreement, (ii) neither Assignee nor any Person acting
on its behalf has or will become obligated to pay any fee or commission to any broker, finder or intermediary for or on account
of the transactions contemplated by this Assignment Agreement and (iii) no notice to, registration with, consent or approval of
or any other action by any Person is or will be required for Assignee to execute, deliver, and perform its obligations hereunder;
(b) (i) confirms that it has conducted its own independent investigation, review and analysis of the Assigned Documents and the
Assigned Interests thereunder, and acknowledges that it has been provided adequate access to such other documents and information
as Assignee has deemed appropriate to make its own analysis and decision to enter into this Assignment Agreement and (ii) acknowledges
and agrees that in making its decision to enter into this Assignment Agreement and to consummate the transactions contemplated
hereby, Assignee has relied solely upon its own investigation and the express representations and warranties of Assignor set forth
in this Assignment Agreement (including the Schedule hereto) and has not relied and shall not rely on any other oral or written
statements or representations by Assignor or any of their respective affiliates, directors, officers, employees, agents or representatives
other than those representations expressly set forth herein; and (c) agrees that it will, independently and without reliance upon
Assignor and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Assigned Documents.

 

7.
Financing Statement Termination; Fees and Expenses. (a) Upon the consummation of the Closing and the payment of the Purchase
Price, Assignor agrees to and shall promptly file a UCC-3 termination of financing statement (or, at Assignee’s option,
Assignee may, in the name and on behalf of Assignor, file such termination of financing statement).

 

(b)
Assignor, on the one hand, and Assignee, on the other hand, will each pay their respective fees and expenses (including the fees
and expenses of legal counsel, accountants, investment bankers, brokers, or other representatives or consultants) incurred in
connection with the transactions contemplated hereby.

 

8.
Termination. This Assignment Agreement, and the obligations of the parties hereunder, shall terminate upon the earliest
to occur of (i) the consummation of the Closing, (ii) the date of any Early Termination or (iii) the Drop Dead Date (defined below);
provided that the provisions of paragraphs 7(b) and 11 will survive any termination of this Assignment Agreement. Notwithstanding
anything to the contrary in this Assignment Agreement, the termination of this Assignment Agreement will not affect any rights
any party has with respect to the breach of this Assignment Agreement by another party prior to termination of this Assignment
Agreement. Assignee shall use commercially reasonable best efforts to satisfy the conditions set forth in paragraphs 3 and 4(a)
hereof, and consummate the transaction contemplated hereunder, within sixty (60) days of the execution of this Assignment Agreement
(the “Drop Dead Date”). If the Closing shall not have occurred on or prior to the Drop Dead Date, the obligations
of the parties hereunder (except for those set forth in paragraphs 7(b) and 11) shall terminate in accordance herewith.

 

    3

     

    

 

9.
Indemnification. Each of Assignor and Assignee (the “Indemnifying Party”) agrees to indemnify, defend
and hold the other party (the “Indemnified Party”) and the Indemnified Party’s officers, directors, employees,
agents, partners and controlling persons (collectively, the “Indemnitees”) harmless from and against any and
all expenses, losses, claims, damages, suits, proceedings and liabilities including, without limitation, reasonable attorneys’
fees and expenses (collectively “Liabilities”) that are incurred by or threatened against the Indemnitees or
any of them, caused by, or in any way resulting from or relating to the Indemnifying Party’s breach of any of the representations,
warranties, covenants or agreements of the Indemnifying Party set forth in this Assignment Agreement.

 

10.
Further Acts. From and after the Closing, Assignee shall have sole authority to exercise all voting and other rights and
remedies in respect of the Assigned Interests. Each of the parties to this Assignment Agreement agree (a) to furnish upon request
to each other such further information, (b) to execute and deliver to each other such other documents and (c) to do such other
acts and things, all as each other party may reasonably request, and at the expense of such requesting party, for the purpose
of further carrying out the intent of this Assignment Agreement.

 

11.
GOVERNING LAW; JURY WAIVER. THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CHOICE OF LAW PROVISIONS
THEREOF. EACH PARTY HERETO hereby waives trial by jury in any action, proceeding or counterclaim arising out of or in any way
concerned with this ASSIGNMENT Agreement or any of the agreements, instruments or documents contemplated hereby.

 

12.
Counterparts. This Assignment Agreement may be executed in any number of counterparts and by the different parties hereto
on separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together
constitute but one and the same Assignment Agreement. Receipt by facsimile, email or similar electronic transmission of any executed
signature page to this Assignment Agreement shall constitute effective delivery of such signature page.

 

13.
Successors and Assigns; No Third-Party Beneficiary. This Assignment Agreement will apply to, be binding in all respects
upon, and inure to the benefit of, the successors and permitted assigns of the parties hereto. Nothing expressed or referred to
in this Assignment Agreement will be construed to give any Person other than the parties to this Assignment Agreement any legal
or equitable right, remedy or claim under or with respect to this Assignment Agreement.

 

14.
Integration. This Assignment Agreement (including the Schedule hereto) contains the entire understanding and agreement
of the parties hereto with regard to the subject matter contained herein, and supersedes all prior agreements, inducements, understandings,
disclosures, correspondence, offering memoranda, term sheets or letters of intent between or among any of the parties hereto,
whether expressed or implied, oral or written, regarding the subject matter of this Assignment Agreement. The Schedule attached
hereto is incorporated into this Assignment Agreement and by this reference made a part hereof. This Assignment Agreement shall
not be amended, modified or supplemented except by a written instrument signed by an authorized representative of Assignor and
Assignee.

 

    4

     

    

 

The
parties hereto have caused this Assignment Agreement to be executed and delivered as of the date first written above.

 

	 	ASSIGNOR:
    
	 	 
	 	DMRJ
    GROUP I, LLC
	 	 
	 	By:	 /s/ Chris Kennedy
	 	 	Name: Chris Kennedy
	 	 	Title: Manager
	 	 
	 	PLATINUM
    PARTNERS VALUE ARBITRAGE FUND L.P.
	 	 
	 	By: 	/s/ Chris Kennedy
	 	 	Name: Chris Kennedy
	 	 	Title: Joint Official Liquidator
	 	 
	 	PLATINUM
    PARTNERS CREDIT OPPORTUNITIES MASTER FUND, LP
	 	 
	 	By:	 /s/ Melanie Cyganowski
	 	 	Name: Melanie Cyganowski
	 	 	Title: Authorized Signatory

 

[Signature
Page to Assignment Agreement]

 

     

     

    

  

	 	ASSIGNEE:
    
	 	 
	 	DESERT
    HAWK GOLD CORP.
	 	 
	 	By:	 /s/ Rick Havenstrite
	 	Name: 	 Rick Havenstrite
	 	Title:	 President

 

[Signature
Page to Assignment Agreement]

 

     

     

    

 

Schedule

to

Assignment
Agreement

 

Assigned
Documents:

 

	 	 	Agreement	 	Date
	1	 	Investment
    Agreement between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	July
    14, 2010
	2	 	Promissory
    Note Due July 14, 2012 Issued by Desert Hawk Gold Corp. to DMRJ Group I, LLC	 	July
    14, 2010
	3	 	Registration
    Rights Agreement between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	July
    14, 2010
	4	 	Security
    Agreement by Desert Hawk Gold Corp., Blue Fin Capital, Inc., in favor of DMRJ Group I, LLC	 	July
    14, 2010
	5	 	Subordination
    Agreement between Ibearhouse LLC, West C Street LLC, and DMRJ Group I, LLC consented to by Desert Hawk Gold Corp.	 	July
    14, 2010
	6	 	Pledge
    Agreement by and between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	July
    14, 2010
	7	 	Amendment
    to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	November
    8, 2010
	8	 	Second
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	February
    25, 2011
	9	 	Forbearance
    Agreement between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	March
    6, 2011
	10	 	Third
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	March
    11, 2011
	11	 	Fourth
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	May
    3, 2011
	12	 	Registration
    Rights Agreement between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	May
    3, 2011

 

[Schedule
to Assignment Agreement]

 

     

     

    

 

	13	 	Forbearance
    Agreement between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	June
    29, 2012
	14	 	Fifth
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	October
    16, 2012
	15	 	Sixth
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	January
    29, 2013
	16	 	Seventh
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	April
    30, 2013
	17	 	Eighth
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	July
    24, 2013
	18	 	Ninth
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	October
    24, 2013
	19	 	Tenth
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	February
    19, 2014
	20	 	Amended
    and Restated Promissory Note Due October 31, 2016 Issued by Desert Hawk Gold Corp. to DMRJ Group I, LLC	 	February
    19, 2014
	21	 	Addendum
    to Tenth Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	January
    15, 2015
	22	 	Eleventh
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	March
    17, 2015
	23	 	Twelfth
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	June
    5, 2015
	24	 	Thirteenth
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	August
    31, 2015
	25	 	Waiver
    Letter received by Desert Hawk Gold Corp. from DMRJ Group I, LLC	 	September
    4, 2015
	26	 	Subordination
    Agreement by and among Platinum Partners Credit Opportunities Master Fund, LP, Desert Hawk Gold Corp., Ibearhouse, LLC, and
    West C Street, LLC	 	October
    14, 2016

 

[Schedule
to Assignment Agreement]

 

     

     

    

 

	27	 	Waiver
    Letter received by Desert Hawk Gold Corp. from DMRJ Group I, LLC	 	October
    14, 2016
	28	 	Waiver
    Letter received by Desert Hawk Gold Corp. from Platinum Partners Credit Opportunities Master Fund, LP	 	October
    14, 2016
	29	 	Fourteenth
    Amendment to Investment Agreement dated July 14, 2010 between Desert Hawk Gold Corp. and DMRJ Group I, LLC	 	December
    22, 2016
	30	 	Irrevocable
    Stock Power Executed by DMRJ Group I, LLC	 	December
    22, 2016
	31	 	Waiver
    Letter received by Desert Hawk Gold Corp. from DMRJ Group I, LLC	 	August
    7, 2017
	32	 	Waiver
    Letters received by Desert Hawk Gold Corp. from Platinum Partners Credit Opportunities Master Fund, LP	 	August
    7, 2017
	33	 	Subordination
    Agreement by and among Platinum Partners Credit Opportunities Master Fund, LP, Desert Hawk Gold Corp., Ibearhouse, LLC, and
    West C Street, LLC	 	August
    7, 2017
	34	 	958,033
    shares of Series A Convertible Preferred Stock of Desert Hawk Gold Corp.	 	 
	35	 	180,000
    shares of Series A-2 Convertible Preferred Stock of Desert Hawk Gold Corp.	 	 
	36	 	444529.69
    shares of Series B Convertible Preferred Stock of Desert Hawk Gold Corp.	 	 

 

[Schedule
to Assignment Agreement]

 

     

     

    

 

Assignor
Information:

 

 

	Address
                                         for Notices:

        DMRJ
        Group I, LLC

        c/o
        Platinum Partners

        230 Park Avenue, Tenth Floor

        New York, NY 10169

        Attention:
        Trey Rogers

        Telephone: 212-582-2222

        Facsimile: 212-584-2424

        and:

        [____________]

        [____________]

        [____________]

        [____________]
	 	Wire
                                         Transfer Instructions:

        Bank:

        Wire ABA #:

        ACH
        ABA #:

        SWIFT Code:

        Acct Name:

        Account #:

        Attention:

        Reference:

 

 

Assignee
Information:

 

 

	Address
                                         for Notices:

        Desert
        Hawk Gold Corp.

        [___________]

        [___________]

        Attention:

        Telephone:

        Facsimile:
	 	 

 

[Schedule
to Assignment Agreement]

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