0001144204-10-032844 Sample Contracts

CANCELLATION AGREEMENT
Cancellation Agreement • June 10th, 2010 • Universal Gold Mining Corp. • Metal mining • Nevada

CANCELLATION AGREEMENT, dated May 24, 2010 (this “Agreement”), by and among, Universal Gold Mining Corp. (formerly known as Federal Sports & Entertainment, Inc.), a Nevada corporation (the “Company”), and Linda Farrell (the “Cancelling Party”).

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AMENDMENT TO OPTION AGREEMENT
Option Agreement • June 10th, 2010 • Universal Gold Mining Corp. • Metal mining

This AMENDMENT TO OPTION AGREEMENT (this “Amendment”) is made and entered into as of June 4, 2010, by and among Core Values Mining & Exploration Company, a Cayman Islands corporation (“CVME”), Core Values Mining & Exploration Company Sucursal Colombia, a Colombia corporation (“CVMEC”), and Universal Gold Holdings (Cayman), Limited, a Cayman Islands limited company (the “UGH”), and amends and supplements the Option Agreement among CVME, CVMEC and UGH, dated as of April 23, 2010 (the “Option Agreement”). Capitalized terms used and not otherwise defined herein have the respective meanings ascribed to them in the Option Agreement.

ASSIGNMENT OF PROMISSORY NOTE AND RELEASE
Assignment of Promissory Note and Release • June 10th, 2010 • Universal Gold Mining Corp. • Metal mining • New York

This Assignment of Promissory Note and Release (the “Assignment and Release” or, the “Agreement”) is dated as of February 3, 2010 and is made and entered into between Federal Sports & Entertainment, Inc., a Nevada corporation (“Holder”) and John Thomas Bridge and Opportunity Fund, LP (“Assignee”) ..

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