| Title: | Unsecured Subordinated Convertible Promissory Note |
| Contract Category: | 9% Unsecured Subordinated Convertible Promissory Note |
| Summary: | This Unsecured Subordinated Convertible Promissory Note, dated __________, 2013, between Las Vegas Railway Express, Inc. and the Holder, promises to pay a principal sum on the Maturity Date, with interest, subject to defined terms. |
| Governing Law: | New York |
| Filer: | UNITED RAIL, INC. |
| Parties: | Las Vegas Railway Express, Inc. Holder |
| Filing Date: | March 19, 2013 |
| SEC File / Film Number: | 000-54648 / 13701581 |
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