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Exhibit 10.1

AMENDED AND RESTATED LOAN, SECURITY, AND
INTERCREDITOR AGREEMENT

dated as of November 1, 2019

among

GOLDRICH MINING COMPANY,
an Alaska corporation formerly known as
LITTLE SQUAW GOLD MINING COMPANY,

and

GOLDRICH PLACER, LLC,
a member-managed Alaska limited liability company,

and

NICHOLAS GALLAGHER
as holder of the Senior Notes

and

CAPITAL INVESTMENTS 4165 LLC

NICHOLAS GALLAGHER

RYAN GILBERTSON

PETER HAFIZ

THOMAS HAMMERS

ANTHONY CHARLES HARTMANN

BEVERLY JOHNSON

NICHOLAS JOHNSON

SHARON JOHNSON

PROVIDENCE MANAGEMENT COMPANY LLC

PROVIDENCE TWIN CITIES NO. 8 LLC

as holders of the Junior Notes

 

 

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AMENDED AND RESTATED LOAN, SECURITY, AND
INTERCREDITOR AGREEMENT

THIS AMENDED AND RESTATED LOAN, SECURITY, AND INTERCREDITOR AGREEMENT (this
“Agreement”) is dated as November 1, 2019 (“Effective Date”), and entered into
by and among

GOLDRICH MINING COMPANY (“GMC”), an Alaska corporation formerly known as LITTLE
SQUAW GOLD MINING COMPANY,

GOLDRICH PLACER, LLC (“GPL”, and together with GMC, the as “Grantors”), a
member-managed Alaska limited liability company,

and

NICHOLAS GALLAGHER (“Gallagher”), as holder of the Senior Notes (as defined
below),

and

the following parties, each a holder of a Junior Note (as defined below) (each
such holder of a Junior Note a “Junior Holder,” all such holders together the
“Junior Holders,” and the Junior Holders together with Gallagher (as holder of
the Senior Notes) the “Holders”): CAPITAL INVESTMENTS 4165 LLC, NICHOLAS
GALLAGHER, RYAN GILBERTSON, PETER HAFIZ, THOMAS HAMMERS, ANTHONY CHARLES
HARTMANN, BEVERLY JOHNSON, NICHOLAS JOHNSON, SHARON JOHNSON, PROVIDENCE
MANAGEMENT COMPANY LLC, and PROVIDENCE TWIN CITIES NO. 8 LLC.

Recitals

A.In exchange for Gallagher’s promise to make additional loans to GMC from and
after the Effective Date (up to a maximum principal amount of $394,736.84, the
net proceeds of which to GMC will be $375,000), 

(1)GMC desires to agree and confirm that it (a) is or will be the obligor each
of the Senior Notes and (b) is the obligor under each of the Junior Notes; 

(2)GPL desires to guarantee the obligations of GMC under, inter alia, each of
the Notes (as defined below) by executing and delivering to the Holders a
Guaranty in the form attached hereto as Exhibit B (“Guaranty”). 

B.To secure repayment of the Notes and other Obligations, Grantors are willing
to grant to the Holders liens upon and security interests in certain collateral
(“Collateral”) by executing, acknowledging, and delivering to Gallagher, as
collateral agent (in such capacity, “Collateral Agent”) for and on behalf of the
Holders, a Deed of Trust with  

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Power of Sale, Assignment of Production, Security Agreement, and Financing
Statement in the form attached hereto as Exhibit C (“Deed of Trust”).

C.By entering into this Agreement, the Holders desire (1) to agree that the
Senior Notes are entitled to be repaid in full before any of the Junior Notes
are repaid, whether out of any proceeds of the Collateral or otherwise, (2) to
agree that payments on the Junior Notes will be made pro rata to each Holder,
(3) to appoint Gallagher as Collateral Agent on their behalf, as provided
herein, and (4) to provide that any action commenced to collect any of the
Notes, the commencement of any judicial or nonjudicial foreclosure under the
Deed of Trust, or the commencement or taking of any other actions pursuant
thereto or in furtherance thereof will be commenced and taken on behalf of all
Holders jointly and simultaneously. 

D.Capitalized terms used in this Agreement but not defined above have the
meanings set forth in Section 1 below. 

Agreement

In consideration of the foregoing, the mutual covenants and obligations herein
set forth, and other good and valuable consideration, the sufficiency and
receipt of which are hereby acknowledged, each of the Holders, intending to be
legally bound, hereby agrees as follows:

Section 1

DEFINITIONS

1.1Defined Terms. As used in this Agreement, the following terms shall have the
meanings set forth below.  

“Bankruptcy Case” means a case under the Bankruptcy Code or any other Bankruptcy
Law.

“Bankruptcy Code” means Title 11 of the United States Code entitled
“Bankruptcy,” as now and hereafter in effect, or any successor statute.

“Bankruptcy Law” means the Bankruptcy Code and any similar federal, state or
foreign law for the relief of debtors.

“Business Day” means a day other than a Saturday, Sunday, or other day on which
commercial banks in Anchorage, Alaska are authorized or required by law to
close.

“Collateral” means, at any time, all of the assets and property of each of GMC
and GPL, whether real, personal or mixed, in which the holders of any Notes (or
their Collateral Agent) hold a security interest at such time, including any
property subject to liens or security interests granted by the Deed of Trust.

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“Default” means, following the occurrence of an Event of Default, the delivery
by Collateral Agent to Grantors of a notice declaring all Notes and other
Obligations to be immediately due and payable.

“Event of Default” means any of the following:

(a)GMC fails to pay (i) any portion of the principal amount of any Note when due
or (ii) any accrued and unpaid Interest when due and such failure continues for
three (3) Business Days or (iii) any other amount that is due and payable under
this Agreement, any Note, or the Deed of Trust and such failure continues for
ten (10) Business Days after demand for such payment is made by the Agent for
Holder; 

(b)GMC fails to observe or perform any other Obligation, covenant, or agreement
applicable to GMC under this Agreement as and when due and fails to cure such
failure within 10 Business Days of notice of such failure by the Agent for
Holder to GMC; 

(c)GPL fails to observe or perform any covenant or agreement applicable to GPL
under the Guaranty and fails to cure such failure within 10 Business Days of
notice of such failure by the Agent for Holder to GMC; 

(d)the Guaranty ceases to be in full force and effect or GPL so asserts in
writing;  

(e)GMC hereafter transfers any interest in GPL to any person other than
(i) Holder or (ii) a person that is directly or indirectly wholly-owned by GMC; 

(f)any representation or warranty made by GMC in this Agreement, or by GPL in
this Agreement or the Guaranty, or by Trustor in the Deed of Trust proves to
have been materially false or materially misleading when made; 

(g)an Insolvency or Liquidation Proceeding is commenced with respect to GMC or
GPL, or GMC or GPL makes any assignment for the benefit of creditors or takes
any corporate or company action in furtherance of any of the foregoing; 

(h)GMC or GPL executes an assignment with respect to substantially all of its
assets;  

(i)any alleged creditor of Trustor other than Collateral Agent (on behalf of the
Holders) seeks (by way of claim, counterclaim, or cross-claim) to collect any
amount allegedly due and owing to said creditor at that time; or  

(j)the occurrence of any “Event of Default” not otherwise described above under
any Note, the Guaranty, or the Deed of Trust. 

“Insolvency or Liquidation Proceeding” means:

(a)any voluntary or involuntary case or proceeding under Bankruptcy Law with
respect to any Grantor; 

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AMENDED 2019 LOAN AGREEMENT—Page 3

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(b)any other voluntary or involuntary insolvency, reorganization or Bankruptcy
Case or proceeding, or any receivership, liquidation, reorganization or other
similar case or proceeding with respect to any Grantor or with respect to a
material portion of their respective assets; 

(c)any liquidation, dissolution, reorganization or winding up of any Grantor
whether voluntary or involuntary and whether or not involving insolvency or
bankruptcy; or 

(d)any assignment for the benefit of creditors or any other marshaling of assets
and liabilities of any Grantor. 

“Junior Notes” means the following: all loans, advances, debts, liabilities, and
obligations, howsoever arising, owed by GMC to each Junior Holder of every kind
and description (whether or not evidenced by any note or instrument and whether
or not for the payment of money), direct or indirect, absolute or contingent,
due or to become due, now existing or hereafter arising, including all interest
(including all interest accrued thereon after the commencement of any Insolvency
or Liquidation Proceeding at the rate, including any applicable post-default
rate, even if such interest is not enforceable, allowable or allowed as a claim
in such proceeding), premiums, fees, charges, expenses, attorneys’ fees and
accountants’ fees incurred by Collateral Agent in connection with or related to
any of the foregoing (except to the extent such premiums, fees, charges,
expenses, attorneys’ fees and accountants’ fees are included in Senior Notes),
including but not limited to the obligations owed by GMC to each Junior Holder
described on Schedule 2 attached hereto.

“Note” means any Senior Note or any Junior Note, and “Notes” means the Senior
Notes and the Junior Notes, collectively.

“Obligations” means all obligations of every nature of each Grantor from time to
time owed to any Holder, the Collateral Agent, or any agent or trustee, in each
case, whether for principal, interest, fees, expenses, indemnification, or
otherwise and all guarantees of any of the foregoing and including any interest
and fees that accrue or are incurred after the commencement by or against any
Person of any proceeding under any Bankruptcy Law naming such Person as the
debtor in such proceeding, regardless of whether such interest and fees are
allowed claims in such proceeding. For the sake of clarity, the parties agree
that the obligations of GMC under Section 2.1(a)(iii) of this Agreement are not
Obligations and thus will not be secured by the Deed of Trust.

“Person” means any natural person, corporation, limited liability company,
limited liability partnership, trust, joint venture, association, company,
partnership, limited partnership, governmental authority or other entity.

“Senior Notes” means the following:

(a)all loans, advances, debts, liabilities, and obligations, howsoever arising,
owed by GMC to Gallagher of every kind and description (whether or not evidenced
by any note or instrument and whether or not for the payment of money), direct
or indirect, absolute or contingent, due or to become due but in any case
limited to  

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those arising from and after July 1, 2018 (but, for the sake of clarity,
including any loans or advances made hereafter), including all interest
(including all interest accrued thereon after the commencement of any Insolvency
or Liquidation Proceeding at the rate, including any applicable post-default
rate, even if such interest is not enforceable, allowable or allowed as a claim
in such proceeding), premiums, fees, charges, expenses, attorneys’ fees and
accountants’ fees incurred by Gallagher in connection with or related to any of
the foregoing (including all attorneys’ fees incurred by Gallagher after July 1,
2019, in connection with the negotiation and preparation of this Agreement
(including all exhibits hereto)), including but not limited to the obligations
owed by GMC to Gallagher described on Schedule 1 attached hereto; and

(b)all loans and advances made to GMC after the Effective Date by any new or
existing Holder other than Gallagher, after Gallagher has consented in writing
to such loan or advance becoming a Senior Note (with a priority equal to all
other Senior Notes). 

“UCC” means the Uniform Commercial Code (or any similar or equivalent
legislation) as in effect in any applicable jurisdiction.

1.2Terms Generally. The definitions of terms in this Agreement shall apply
equally to the singular and plural forms of the terms defined. Whenever the
context may require, any pronoun shall include the corresponding masculine,
feminine and neuter forms. The words “include,” “includes” and “including” shall
be deemed to be followed by the phrase “without limitation.” The word “will”
shall be construed to have the same meaning and effect as the word “shall.”
Unless the context requires otherwise: 

(a)any definition of or reference herein to any agreement, instrument or other
document shall be construed as referring to such agreement, instrument or other
document as amended, restated, amended and restated, supplemented or otherwise
modified from time to time and any reference herein to any statute or
regulations shall include any amendment, restatement, renewal, extension or
replacement thereof; 

(b)any reference herein to any Person shall be construed to include such
Person’s permitted successors and assigns from time to time; 

(c)the words “herein,” “hereof” and “hereunder,” and words of similar import,
shall be construed to refer to this Agreement in its entirety and not to any
particular provision hereof; 

(d)all references herein to Sections shall be construed to refer to Sections of
this Agreement; and 

(e)the words “asset” and “property” shall be construed to have the same meaning
and effect and to refer to any and all tangible and intangible assets and
properties, including cash, securities, accounts and contract rights. 

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AMENDED 2019 LOAN AGREEMENT—Page 5

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Section 2

AGREEMENT RESPECTING NOTES, GUARANTY, COLLATERAL, RELATIVE PRIORITIES, AND
COLLATERAL AGENT

2.1Confirmation of Obligations under the Notes, etc.  

(a)GMC agrees and confirms as follows: 

(i)GMC is or will be the obligor each of the Senior Notes,  

(ii)GMC is the obligor under each of the Junior Notes,  

(iii)GMC is obligated 

(A)to issue warrants, no later than February 28, 2020, to finders NGB Capital
Limited and Capital Investments 4165 LLC and to the original Holders of each of
the Notes, in the amounts and on such terms as previously agreed by GMC; 

(B)to pay, no later than February 28, 2021, (1) to the order of NGB Capital
Limited a finder’s fee in the amount of $49,273, and (2) to the order of Capital
Investments 4165 LLC a finder’s fee in the amount of $7,920;  

(iv)GMC is obligated to reimburse Gallagher, no later than February 20, 2020,
for up to $35,000 in legal fees and costs incurred by Gallagher in connection
with this Agreement; and  

(v)Gallagher is authorized to satisfy the amount described in (iv) of this
paragraph and treat 105.26% of all such paid amounts as Senior Loans hereunder
(as contemplated on Schedule 1 attached hereto). 

(b)The parties agree that (i) the maturity date of all Obligations pertaining to
any loan made prior to or on February 29, 2020, is February 29, 2020, and
(ii) all Obligations pertaining to any loan made after February 29, 2020, are
payable on demand of the Holder thereof. 

(c)At any time any Holder may request that all Obligations owing to said Holder
by GMC be memorialized in a written promissory note in the form attached hereto
as Exhibit A, whereupon GMC will execute and deliver such note to said Holder
within five Business Days.  

(d)GMC AGREES AND CONFIRMS THAT (i) IT IS PERSONALLY OBLIGATED AND FULLY LIABLE
FOR THE AMOUNTS DUE UNDER THE NOTES AND THE OTHER OBLIGATIONS and
(ii) COLLATERAL AGENT, FOR AND ON BEHALF OF THE HOLDERS, HAS THE RIGHT TO SUE ON
THE NOTES AND THE  

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OTHER OBLIGATIONS AND TO OBTAIN A PERSONAL JUDGMENT AGAINST GMC FOR SATISFACTION
OF THE AMOUNTS DUE UNDER THE NOTES AND THE OTHER OBLIGATIONS EITHER BEFORE OR
AFTER A JUDICIAL FORECLOSURE UNDER ALASKA STATUTES 09.45.170-09.45.220 OF THE
DEED OF TRUST GIVEN BY GMC AND GPL TO SECURE PAYMENT OF THE AMOUNTS DUE UNDER
THE NOTES AND THE OTHER OBLIGATIONS.

(e)Nothing herein limits the ability of GMC and any Holder to negotiate a
separate agreement enabling GMC to issue shares to said Holder in satisfaction
of some or all interest that may be due to said Holder. 

2.2Guaranty.  

(a)GPL agrees to execute and deliver to the Holders, on the Effective Date, the
Guaranty.  

(b)GPL AGREES AND CONFIRMS THAT (i) IT IS PERSONALLY OBLIGATED AND FULLY LIABLE
FOR THE AMOUNTS DUE UNDER THE GUARANTY and (ii) COLLATERAL AGENT, FOR AND ON
BEHALF OF THE HOLDERS, HAS THE RIGHT TO SUE ON THE GUARANTY AND TO OBTAIN A
PERSONAL JUDGMENT AGAINST GPL FOR SATISFACTION OF THE AMOUNTS DUE UNDER THE
GUARANTY (INCLUDING AMOUNTS DUE UNDER THE NOTES AND THE OTHER OBLIGATIONS)
EITHER BEFORE OR AFTER A JUDICIAL FORECLOSURE UNDER ALASKA STATUTES
09.45.170-09.45.220 OF THE DEED OF TRUST GIVEN BY GMC AND GPL TO SECURE PAYMENT
OF THE AMOUNTS DUE UNDER THE GUARANTY (INCLUDING AMOUNTS DUE UNDER THE NOTES AND
THE OTHER OBLIGATIONS). 

2.3Deed of Trust. To secure repayment of the Notes and other Obligations,
Grantors agree to execute, acknowledge, and deliver to the Collateral Agent, on
the Effective Date, the Deed of Trust. 

2.4Relative Priority. The Holders agree that (1) the Senior Notes are entitled
to be repaid in full before any payments are made on any of the Junior Notes,
whether out of any proceeds of the Collateral or otherwise, and (2) payments on
the Junior Notes will be made pro rata to each Holder,  

2.5Collateral Agent. The Holders appoint Gallagher as Collateral Agent to act on
their behalf. Collateral Agent will serve without remuneration but will be
entitled to recover all of its out-of-pocket fees, costs, and expenses incurred
in serving as Collateral Agent out of any and all Collateral or proceeds thereof
on a first priority basis before allocating sums for the payment of any Notes or
other Obligations. Gallagher may carry out his duties as Collateral Agent
through one or more agents. If Gallagher assigns his Senior Notes to an entity
that is wholly-owned or controlled by Gallagher, said entity also will become
Collateral Agent hereunder and under the Deed of Trust. Gallagher may resign as
Collateral Agent at any time, whereupon the Holders will appoint one of the
Holders as the new Collateral Agent. Subject to the last sentence of this
Section 2.5, Collateral Agent has (a) the exclusive power and authority to give
notice of a Default and to pursue any and all remedies on behalf of the Holders
as it deems  

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AMENDED 2019 LOAN AGREEMENT—Page 7

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necessary or desirable in connection with or as a result of such Default and
(b) the discretion to defer giving notice of a Default or taking other actions
notwithstanding the occurrence of an Event of Default. Notwithstanding the
exclusive power, authority, and discretion vested in Collateral Agent,
(i) Collateral Agent will not—without taking appropriate action—allow any
statute of limitations to run on any Note or other Obligations owed by any
Grantor to any Holder, and each Holder may act independently as it deems
necessary to prevent any applicable statute of limitations from running, and
(ii) when Collateral Agent commences any action to collect any of the Notes,
commences any judicial or nonjudicial foreclosure under the Deed of Trust, or
commences or takes any other action pursuant thereto or in furtherance thereof,
such action will be commenced and taken jointly and simultaneously on behalf of
all Holders with respect to all Notes and other Obligations.

2.6No New Liens. So long as any Note remains unpaid in part, each Grantor agrees
not to grant or permit any additional Liens on any asset or property owned or
held by it unless any such additional Lien is approved in writing by Gallagher.
 

Section 3

INSOLVENCY OR LIQUIDATION PROCEEDINGS

3.1Effectiveness in Insolvency or Liquidation Proceedings. The Parties
acknowledge that this Agreement is a “subordination agreement” under Section
510(a) of the Bankruptcy Code, which will be effective before, during, and after
the commencement of an Insolvency or Liquidation Proceeding. All references in
this Agreement to any Grantor will include such Person as a debtor-in-possession
and any receiver or trustee for such Person in an Insolvency or Liquidation
Proceeding. 

3.2Participation. Subject to the rights of the Collateral Agent to seek to
enforce the liens and security interests granted by the Deed of Trust and to
realize upon the Collateral to the maximum extent possible for the benefit of
all Holders, in accordance with the priorities enjoyed by their respective
Notes, each Holder independently has the right to participate and advance its
interests in any Insolvency or Liquidation Proceeding. 

Section 4

NO RELIANCE; WAIVER AND RELEASE

4.1No Warranties or Liability; Waiver and Release. Each Holder acknowledges and
agrees that Gallagher, either individually or as Collateral Agent, has made no
express or implied representation or warranty respecting (a) the collectability
or enforceability of any Note or other Obligation, (b) the ownership or
sufficiency of any Collateral, or (c) the perfection or priority of any liens
thereon or security interests therein. In addition, in recognition of
Gallagher’s efforts to obtain execution of this Agreement, the Guaranty, and the
Deed of Trust, each Holder hereby agrees to waive any and all claims it may have
against Gallagher, either individually or as collateral agent, arising out
of—and to release Gallagher from any and all liability for—any actions or
failures to act by Gallagher prior to the Effective Date relating to the
procurement of collateral for the Notes. 

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Section 5

MISCELLANEOUS

5.1APPLICABLE LAW. THIS AGREEMENT AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING
OUT OF OR RELATING TO THIS AGREEMENT, ANY NOTE OR OTHER OBLIGATION, THE
GUARANTY, OR THE DEED OF TRUST (WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE)
SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW
OF THE STATE OF ALASKA WITHOUT REGARD TO CONFLICTS OF LAW RULES THAT WOULD
RESULT IN THE APPLICATION OF A DIFFERENT GOVERNING LAW (OTHER THAN ANY MANDATORY
PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF
PERFECTION OR PRIORITY OF SECURITY INTERESTS IN THE COLLATERAL). 

5.2Submission to Jurisdiction; Certain Waivers. Each Party hereto agrees that
any legal action or proceeding by or against any Grantor, or with respect to or
arising out of or relating to this Agreement, may be brought in Superior Court
for the State of Alaska (Third Judicial District at Anchorage or Fourth Judicial
District at Fairbanks) or, to the extent permitted by applicable law, in the
U.S. District Court for the State of Alaska. By execution and delivery of this
Agreement, each of the parties hereto accept, for itself and in respect of its
property, generally, irrevocably and unconditionally, the exclusive jurisdiction
of the aforesaid courts; provided that nothing herein shall limit the right of
Collateral Agent to sue in Superior Court for the State of Alaska (Fourth
Judicial District at Fairbanks) in connection with the exercise of the rights
under the Deed of Trust or the enforcement of any judgment. Each party hereto
irrevocably consents to the service of process out of any of the aforementioned
courts in any manner permitted by applicable law. Each party hereto hereby
waives, to the extent permitted by applicable law, any claim, objection or right
to stay or dismiss any action or proceeding under or in connection with this
Agreement brought before the foregoing courts on the basis of forum non
conveniens. 

5.3WAIVER OF JURY TRIAL. EACH PARTY HERETO, HEREBY KNOWINGLY, VOLUNTARILY, AND
INTENTIONALLY WAIVES ANY RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS
AGREEMENT, ANY NOTE OR OTHER OBLIGATION, OR THE DEED OF TRUST. 

5.4Notices. All notices permitted or required under this Agreement shall be sent
to every party hereto. All notices or other communications required or permitted
to be given hereunder shall be in writing and shall be considered as properly
given (a) if delivered in person, (b) if sent by overnight delivery service, (c)
in the event overnight delivery services are not readily available, if mailed by
United States Express Mail, postage prepaid, or (d) if sent by telecopy or
electronic mail (in portable document format). Notice so given shall be
effective upon receipt by the addressee, except that communication or notice so
transmitted by telecopy or other direct written electronic means (including
email) shall be deemed to have been validly and effectively given on the day (if
a Business Day and, if not, on the next following Business Day) on which it is
transmitted if transmitted before 4:00 p.m., Alaska time, on that day, and if  

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transmitted after that time, on the next following Business Day; provided,
however, that if any notice is tendered to an addressee and the delivery thereof
is refused by such addressee, such notice shall be effective upon such tender.
For the purposes hereof, the addresses of the parties hereto shall be as set
forth below each party’s name on the signature pages hereto or, as to each
party, at such other address as may be designated by such party in a written
notice to all of the other parties.

5.5Binding on Successors and Assigns. This Agreement shall be binding upon each
party and its respective successors and assigns from time to time.  

5.6Specific Performance. The parties agree that irreparable damage would occur
if any provision of this Agreement were not performed in accordance with the
terms hereof and that the parties shall be entitled to specific performance of
the terms hereof, in addition to any other remedy to which they are entitled at
law or in equity. 

5.7Headings. The section headings and table of contents used in this Agreement
are included herein for convenience of reference only and shall not constitute a
part of this Agreement for any other purpose, be given any substantive effect,
affect the construction hereof or be taken into consideration in the
interpretation hereof. 

5.8Counterparts. This Agreement may be executed by one or more of the parties to
this Agreement on any number of separate counterparts (including by facsimile or
other electronic imaging means), and all of said counterparts taken together
shall be deemed to constitute one and the same instrument. Delivery of an
executed signature page of this Agreement by facsimile or other electronic
transmission (e.g., “pdf” or “jpg” or “tif” format) shall be effective as
delivery of a manually executed counterpart hereof. 

5.9Authorization. By its signature, each Person executing this Agreement, on
behalf of such Person but not in his or her personal capacity as a signatory,
represents and warrants to the other parties hereto that it is duly authorized
to execute this Agreement. 

[signature pages follow]

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
Effective Date.

GOLDRICH MINING COMPANY,  

an Alaska corporation formerly known as  

LITTLE SQUAW GOLD MINING COMPANY 

By:                                                                          

Name:                                                                      

Title:                                                                        

Address:Attention: William Schara 

2607 Southeast Blvd., Suite B211 

Spokane, WA 99223-7614 

Tel:+1 (509) 768-4468 

Fax:+1 (509) 695-3289 

Email:wschara@goldrichmining.com  

If by email with copy to: ggallagher@goldrichmining.com 

 

 

GOLDRICH PLACER, LLC,  

a member-managed Alaska limited liability company 

By:                                                                          

Name:                                                                      

Title:                                                                        

Address:Attention: William Schara 

2607 Southeast Blvd., Suite B211 

Spokane, WA 99223-7614 

Tel:+1 (509) 768-4468 

Fax:+1 (509) 695-3289 

Email:wschara@goldrichmining.com  

If by email with copy to: ggallagher@goldrichmining.com 

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_____________________________________ 

NICHOLAS GALLAGHER 

Address:5 Churchfields  

The K Club  

Straffan  

Kildare Ireland 

Fax: +353-1-627-5294 

Email: nick@ngbcapital.ie 

 

 

CAPITAL INVESTMENTS 4165 LLC,  

a __________ limited liability company 

By:                                                                             

Name:                                                                         

Title:
                                                                          

Address:                                                                 

                                                                                   

                                                                                  

Fax:                                    

Email:                                   

 

 

RYAN GILBERTSON 

Address:                                                                 

                                                                                   

                                                                                  

Fax:                                    

Email:                                   

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_____________________________________ 

PETER HAFIZ 

Address:                                                                 

                                                                                   

                                                                                  

Fax:                                    

Email:                                   

 

_____________________________________ 

THOMAS HAMMERS 

Address:                                                                 

                                                                                   

                                                                                  

Fax:                                    

Email:                                   

 

_____________________________________ 

ANTHONY CHARLES HARTMANN 

Address:                                                                 

                                                                                   

                                                                                  

Fax:                                    

Email:                                   

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_____________________________________ 

BEVERLY JOHNSON 

Address:                                                                 

                                                                                   

                                                                                  

Fax:                                    

Email:                                   

 

_____________________________________ 

NICHOLAS JOHNSON 

Address:                                                                 

                                                                                   

                                                                                  

Fax:                                    

Email:                                   

 

_____________________________________ 

SHARON JOHNSON 

Address:                                                                 

                                                                                   

                                                                                  

Fax:                                    

Email:                                   

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AMENDED 2019 LOAN AGREEMENT—Page 14

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PROVIDENCE MANAGEMENT  

COMPANY LLC,  

a __________ limited liability company 

By:                                                                             

Name:                                                                         

Title:
                                                                          

Address:                                                                

                                                                                   

                                                                                  

Fax:                                    

Email:                                   

 

PROVIDENCE TWIN CITIES NO. 8 LLC,  

a __________ limited liability company 

By:                                                                        

Name:                                                                         

Title:
                                                                          

Address:                                                                 

                                                                                   

                                                                                  

Fax:                                    

Email:                                   

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AMENDED 2019 LOAN AGREEMENT—Page 15

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EXHIBIT A

Form of Promissory Note

 

[see attached]

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EXHIBIT A—Cover Page

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EXHIBIT B

Form of Guaranty

 

[see attached]

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EXHIBIT B—Cover Page

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EXHIBIT C

Form of Deed of Trust

 

[see attached]

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