Common use of Amendments to the Existing Loan Agreement Clause in Contracts

Amendments to the Existing Loan Agreement. Each of the Obligors and the Sprott Lender Parties agree to amend the Existing Loan Agreement as follows: (a) Section 2(f) of the Existing Loan Agreement is hereby amended by deleting the first sentence thereof and replacing it with the following: “Subject to Section 2(g), each Advance shall bear interest from the Funding Date of such Advance (if before June 30, 2027) to June 30, 2027, at the rate of TEN per cent (10.0%) per annum and from the later of the Funding Date and June 30, 2027 to the date of repayment in full, at the rate of FIFTEEN per cent (15.0%) per annum, in each case, calculated and payable annually in arrears as set out in this Section 2(f).” (b) Section 2(h) of the Existing Loan Agreement is hereby deleted in its entirety and replaced with the following:

Appears in 2 contracts

Sources: Loan Agreement (Bunker Hill Mining Corp.), Loan Agreement (Bunker Hill Mining Corp.)