INTER-CREDITOR AND STANDSTILL AGREEMENTInter-Creditor and Standstill Agreement • August 19th, 2013 • Eastern Resources, Inc. • Services-motion picture & video tape production • Colorado
THIS INTER-CREDITOR AND STANDSTILL AGREEMENT (“Agreement”) is made and effective as of May 13, 2013 (“Effective Date”) by and among (i) Gordon Snyder, as administrative agent (“Administrative Agent”) for the owners of certain secured promissory notes, convertible notes and redeemable options to certain debt holders (individually and together, the “Secured Creditors”); (ii) Black Diamond Holdings LLC (“BDH”) (iii) additional purchasers as provided by the Elkhorn Streaming Contract (“Additional Purchaser” together with BDH, collectively referred to herein as the "Purchasers") of approximately $25,000,000 of mineral product receivables pursuant to the Amended and Restated Mineral Product Receivables Purchase Agreement dated October 18, 2012 (the "Elkhorn Streaming Contract") which rights and obligations are secured by a specified quantity of gold to be developed from specified mineral deposits owned by Elkhorn Goldfields, Inc. (the “Company”), a wholly owned subsidiary of Eastern Resource
EASTERN RESOURCES, INC. Denver, CO 80202 SUBSCRIPTION AGREEMENTSubscription Agreement • August 19th, 2013 • Eastern Resources, Inc. • Services-motion picture & video tape production • New York
