Document:

Investview, Inc.

54 Broad Street

Red Bank, New Jersey 07701

 

March 5, 2013

 

Max Scheuerer

47 Knollwood Drive

Livingston, New Jersey 07039

 

		Re:	Subscription Agreements between Max Scheuerer (“Scheuerer”) and Investview, Inc.
(the “Company”) dated August 24, 2012 (the “August 2012 Agreement”) and October 22, 2012 (the “October
2012 Agreement”, and collectively with the August 2012 Agreement, the “Agreements”) 

 

Dear Mr. Scheuerer:

 

Reference is hereby
made to the Agreements. Pursuant to the August 2012 Agreement, Scheuerer purchased three (3) units each consisting of a $100,000
8% secured convertible promissory note convertible into common stock at $4.00 per share (the “Notes”),and common stock
purchase warrants (the “Warrants”) to purchase 12,500 of the shares of common stock at an exercise price of $6.00 per
share. Scheuerer provided $100,000 of the required funding pursuant August 2012 Agreement and the remaining two (2) units purchased
by Scheuerer have not been funded to date (the “Unfunded Portion”). Pursuant to that purchase, the Company has issued
to Scheuerer an 8% Secured Convertible Promissory Note in the Amount of $300,000 dated August 24, 2012, due on August 25, 2015
(the “August 2012 Note”).

 

Pursuant to the October
2012 Agreement, Scheuerer agreed to purchase seven (7) units each consisting of a Note in the principal amount of $100,000 and
related Warrants. Scheuerer did not provide the required funding under the October 2012 Agreement.

 

The parties, by executing
below, hereby agree as follows:

 

		1.	Scheuerer will fund the Unfunded Portion upon signing this letter agreement by providing a wire
transfer in the amount of Two Hundred Thousand Dollars ($200,000) to the account set forth below:

 

JP Morgan Chase Bank

32 Broad St, Red Bank,
NJ 07701

Routing # 021000021

Account # 764233482

 

In addition, Scheuerer shall
return the August 2012 Note to the Company for cancellation. In consideration for funding the Unfunded Portion, the Company will
(i) re-issue the August 2012 Note with an issuance date of August 24, 2012 in the principal amount of $100,000 which shall contain
the terms and conditions of the August 2012 Note, including but not limited to the original due date, interest rate and conversion
terms and (ii) issue a Note in the principal amount of $200,000 with a due date of March 5, 2016 which shall contain the terms
and conditions of the August 2012 Note, including but not limited, interest rate and conversion terms together with a Warrant to
acquire an additional 25,000 shares of common stock at an exercise price of $6.00 per share.

 

    	 

    	 

    

 

		2.	The October 2012 Agreement and any promissory notes issued in connection therewith shall be terminated
and the Company and Scheuerer will have no further obligation pursuant to the October 2012 Agreement. Each party release the other
from all actions, cause of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants,
contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, and demands
whatsoever, in law, admiralty or equity except as it relates to the Company obligations under the Notes and Warrants.

 

		3.	Each party acknowledges and represents that: (a) they have read this letter agreement; (b) they
clearly understand the letter agreement and each of its terms; (c) they fully and unconditionally consent to the terms of this
letter agreement; (d) they have had the benefit and advice of counsel of their own selection; (e) they have executed this letter
agreement, freely, with knowledge, and without influence or duress; (f) they have not relied upon any other representations, either
written or oral, express or implied, made to them by any person; and (g) the consideration received by them has been actual and
adequate.

 

		4.	Each party shall be responsible for their own attorney fees.

 

		5.	This Agreement may be executed in facsimile counterparts, each of which, when all parties have
executed at least one such counterpart, shall be deemed an original, with the same force and effect as if all signatures were appended
to one instrument, but all of which together shall constitute one and the same agreement.

 

We kindly request that
you execute this letter below indicating that you agree with the above terms.

 

	 	Sincerely,
	 	 
	 	Investview, Inc.
	 	 
	 	By:/s/ Dr. Joseph Louro
	 	Name: Dr. Joseph Louro
	 	Title: CEO

 

AGREED AND ACKNOWLEDGED:

 

/s/ Max Scheuerer

Max ScheuererNEITHER THE ISSUANCE AND SALE OF THIS NOTE
NOR THE SECURITIES INTO WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE
STATE SECURITIES LAWS.  THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF (I) AN
EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (II) AN OPINION OF COUNSEL,
IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING,
THIS NOTE MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THIS NOTE.
 ANY TRANSFEREE OF THIS NOTE SHOULD CAREFULLY REVIEW THE TERMS OF THIS NOTE.  THE PRINCIPAL AMOUNT REPRESENTED BY THIS
NOTE AND, ACCORDINGLY, THE SECURITIES ISSUABLE UPON CONVERSION HEREOF MAY BE LESS THAN THE AMOUNTS SET FORTH ON THE FACE HEREOF
PURSUANT TO THIS NOTE.

 

California
Gold Corp.

PROMISSORY NOTE

 

	Issuance Date:  September 9, 2009	Principal Amount: U.S. $____

 

FOR VALUE RECEIVED, California Gold
Corp., a Nevada corporation (the "Company"), hereby promises to pay to __________ or registered assigns ("Holder")
the amount set out above as the Principal Amount (as reduced pursuant to the terms hereof pursuant to prepayment or otherwise,
the "Principal") when due, whether upon the Maturity Date (as defined below), acceleration, prepayment or otherwise
(in each case in accordance with the terms hereof).

 

1.          PAYMENTS
OF PRINCIPAL; MATURITY.  The Principal is due and payable no later than September 9, 2010 (the “Maturity Date”);
provided, however, that each of the parties hereto may mutually agree to extend the term of this Note beyond the
Maturity Date.

 

2.          PREPAYMENT.
The Company and the Holder understand and agree that the principal amount of the Note and any interest accrued thereon may be prepaid
by the Company at any time without penalty.

 

3.          EVENT
OF DEFAULT. Failure by the Company to make payment pursuant to Section 1 hereof shall constitute an event of default (“Event
of Default”). In an Event of Default, the Holder shall be entitled to all legal remedies available to it to pursue collections,
and the Company shall bear all reasonable costs of collection, including but not limited to necessary attorneys’ fees.

 

5.          NO
WAIVER. No failure or delay by the Holder in exercising any right, power or privilege under this Note shall operate as a waiver
thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any
other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusively of any rights
or remedies provided by applicable law. No course of dealing between the Company and the Holder shall operate as a waiver of any
rights by the Holder.

 

    	 

    	 

    

 

6.   NOTICES; PAYMENTS.

 

(a)          Notices.
 Whenever notice is required to be given under this Note, unless otherwise provided herein such notice shall be given in accordance
with the Loan Agreement of even date herewith between the Company and the Holder. Unless a specific notice is otherwise required
under this Note, the Company shall provide the Holder with prompt written notice of all actions taken pursuant to this Note, including
in reasonable detail a description of such action and the reason therefore.

 

(b)          Payments.
 Except as otherwise provided in this Note, whenever any payment of cash is to be made by the Company to the Holder, such
payment shall be made in lawful money of the United States of America by a check drawn on the account of the Company and sent via
overnight courier service to the Holder at such address as previously provided to the Company in writing; provided that the Holder
may elect to receive a payment of cash via wire transfer of immediately available funds by providing the Company with prior written
notice setting out such request and the Holder's wire transfer instructions.  Whenever any amount expressed to be due by the
terms of this Note is due on any day which is not a Business Day, the same shall instead be due on the next succeeding day which
is a Business Day.

 

7.          TRANSFER.
 The Holder acknowledges and agrees that this Note may only be offered, sold, assigned or transferred by the Holder if consented
to in writing by the Company.

 

8.          CONSTRUCTION;
HEADINGS.  This Note shall be deemed to be jointly drafted by the Company and the Holder and shall not be construed against
any person as the drafter hereof. The headings of this Note are for convenience of reference and shall not form part of, or affect
the interpretation of, this Note.

 

9.          SEVERABILITY.
In the event that one or more of the provisions of this Note shall for any reason be held invalid, illegal, or unenforceable in
any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Note, but this Note shall
be construed as if such invalid, illegal or unenforceable provision had never been contained herein.

 

10.         GOVERNING
LAW. This Note and the rights and obligations of the Company and the Holder shall be governed by and construed in accordance
with the laws of the State of New York.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, the Company has caused
this Note to be duly executed as of the Issuance Date set out above. 

 

	 	California Gold Corp.
	 	 	 	 
	 	By:	 
	 	Name:	James Davidson
	 	Title:	President, Treasurer, Chief Financial Officer and Director

 

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Note: For the Exhibit listed in
the first column below, only the form of instrument has been filed as an exhibit to the Registrant's Form S-1 registration statement.
This Schedule provides detail as to the actual instruments issued under the form filed as an exhibit and lists the material details
in which each such instrument differs from the form of document filed.

 

	Exhibit 

No.	 	Title of 

Instrument	 	Name of Holder to Whom 

Instrument was Issued	 	Issue Date	 	Maturity Date	 	Amount 

of Note	 
	 	 	 	 	 	 	 	 	 	 	 	 
	4.3	 	0% Promissory Note	 	Michael Baybak	 	9/9/2009	 	9/9/2010	 	$	2,500	 
	 	 	 	 	James Davidson	 	9/9/2009	 	9/9/2010	 	$	2,500	 
	 	 	 	 	Barry Honig	 	10/9/2009	 	10/9/2010	 	$	2,500	 
	 	 	 	 	Gottbetter Capital Group, Inc.	 	10/12/2009	 	10/12/2010	 	$	2,500	 

 

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