NORTH BAY RESOURCES INC | 2013 | FY | 3


A summary of activity related to the Company’s warrant activity for the period from December 31, 2009 through December 31, 2013 is presented below:

               
Weighted
 
         
Weighted
   
Average
 
         
Average
   
Remaining
 
   
Number
   
Exercise Price
   
Contractual
 
   
Outstanding
   
Per Share
   
Life (Years)
 
Outstanding at December 31, 2009
   
-
     
-
     
-
 
Granted
   
13,000,000
     
0.024
     
2.62
 
Exercised
   
-
     
-
     
-
 
Canceled/forfeited/expired
   
-
     
-
     
-
 
Outstanding at December 31, 2010
   
13,000,000
     
0.024
     
2.62
 
Granted
   
2,250,000
     
0.10
     
5.00
 
Exercised
   
-
     
-
     
-
 
Canceled/forfeited/expired
   
-
     
-
     
-
 
Outstanding at December 31, 2011
   
15,250,000
     
0.037
     
3.75
(1)
Granted
   
4,800,000
     
0.10
     
5.00
 
Exercised
   
(500,000)
     
0.05
     
-
 
Canceled/forfeited/expired
   
-
     
-
     
-
 
Outstanding at December 31, 2012
   
19,550,000
     
0.045
     
2.75
(1)
Granted
   
4,000,000
     
0.04
     
5.00
 
Exercised
   
-
     
-
     
-
 
Canceled/forfeited/expired
   
-
     
-
     
-
 
Outstanding at December 31, 2013
   
23,550,000
     
0.045
     
4.75
(2)

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