Exhibit 10.1
(ALLION LOGO) [v53349v5334901.gif]
DEED OF TERMINATION
SILVER SALE AGREEMENT
Perilya Broken Hill Ltd
     CDE Australia Pty Ltd
     Coeur d’Alene Mines Corporation
Ref: PAL:LW:90616
Doc Ref.: 291517_2
Level 2
50 Kings Park Road
West Perth WA 6005
T: +61 8 216 7100
W: www.allionlegal.com.au

 

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CONTENTS

         
 
       
1.
  DEFINITIONS AND INTERPRETATION   4
 
       
1.1
  Definitions   4
 
       
1.2
  Terms defined in the Silver Sale Agreement   5
 
       
1.3
  Interpretation   5
 
       
2.
  CONDITIONS PRECEDENT AND CONDUCT PRIOR TO COMPLETION DATE   5
 
       
2.1
  Conditions precedent   5
 
       
2.2
  Best endeavours   6
 
       
2.3
  Satisfaction of conditions precedent   6
 
       
2.4
  Termination for non satisfaction of conditions precedent   6
 
       
2.5
  Conduct up to Completion Date   7
 
       
2.6
  Conduct post Completion   7
 
       
3.
  TERMINATION PAYMENT   7
 
       
3.1
  Calculation   7
 
       
4.
  COMPLETION   8
 
       
4.1
  Time and place for Completion   8
 
       
4.2
  Obligations at Completion   8
 
       
4.3
  Obligations following Completion   8
 
       
4.4
  Consequences of Completion   8
 
       
5.
  COMPLETION STATEMENT   8
 
       
5.1
  PBH to prepare Completion Statement   8
 
       
5.2
  Disputes   9
 
       
6.
  TERMINATION OF THE SILVER SALE AGREEMENT   9
 
       
6.1
  Termination and discharge   9
 
       
6.2
  Survival   9
 
       
7.
  RELEASE AND DISCHARGE   9
 
       
7.1
  Silver Sale Agreement   9
 
       
7.2
  Charges   10

 

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8.
  COSTS   11
 
       
8.1
  Legal costs   11
 
       
8.2
  Stamp duty   11
 
       
9.
  GST LIABILITY   11
 
       
9.1
  Interpretation   11
 
       
9.2
  GST gross-up   11
 
       
9.3
  Tax invoice   11
 
       
9.4
  Adjustment event   11
 
       
9.5
  Reimbursements   11
 
       
9.6
  No merger   12
 
       
10.
  MISCELLANEOUS   12
 
       
10.1
  Plea in bar   12
 
       
10.2
  Injunctive relief   12
 
       
10.3
  Waiver and exercise of rights   12
 
       
10.4
  Legal advice   12
 
       
10.5
  Counterparts   12
 
       
10.6
  Entire understanding   12
 
       
10.7
  Severability   13
 
       
10.8
  Governing law and jurisdiction   13
 
       
10.9
  Notices   13
 
       
10.10
  Further assurance   14
 
       
10.11
  Continuing Performance   14

 

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This deed is entered into by the following parties:

    Perilya Broken Hill Limited
(ABN 46 099 761 289)
1st Floor, Building E
|661 Newcastle Street|
Leederville WA 6007 (“PBH”)       CDE Australia Pty Ltd
(ABN 40 113 667 682)
Suite 1003, 3 Spring Street
Sydney NSW 2000 (“CDEA”)       Coeur d’Alene Mines Corporation
505 Front Avenue
COEUR D’ALENE ID 83814
United States of America (“Coeur”)

BACKGROUND:

  A.   On 8 September 2005 the parties entered into the Silver Sale Agreement.  
  B.   Notwithstanding the terms of the Silver Sale Agreement, the parties have
agreed to an early termination of the Silver Sale Agreement pursuant to the
terms and conditions set out in this deed.

OPERATIVE PART:

    The parties agree in consideration of, among other things, the mutual
promises contained in this deed:   1.   DEFINITIONS AND INTERPRETATION   1.1  
Definitions       In this deed, unless the context requires otherwise:      
Adjusted Silver Proceeds means the Silver Proceeds less GST;       “ASIC” means
the Australian Securities and Investments Commission;       “CDEA Silver Sales”
means sales of silver in concentrate delivered to Nyrstar Port Pirie Pty Ltd in
respect of which the flowing invoices have been drawn by CDEA:

                             
 
  Invoice No   CDEA-Pb-0905-01650   Issued   12 May 2009   Parcel  
0905.1-Pb-ZINPPS-A   US$516,449.46
 
      CDEA-Pb-0905-01652       19 May 2009       0905.1-Pb-ZINPPS-B  
US$196,988.94
 
      CDEA-Pb-0905-01654       25 May 2009       0905.1-Pb-ZINPPS-C  
US$518,582.53
 
      CDEA-Pb-0905-01655         2 June 2009       0905.1-Pb-ZINPPS-D  
US$293,156.60
 
                           
 
      CDEA-Pb-0906-01668       15 June 2009       0906.1-Pb-ZINPPS-B  
US$246,540.93
 
      CDEA-Pb-0906-01673       22 June 2009       0906.1-Pb-ZINPPS-C  
US$86,031.71
 
      CDEA-Pb-0906-01678         3 July 2009       0906.1-Pb-ZINPPS-D  
US$1,050,566.64

    “Charges” means each of:

 

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  (a)   the Fixed and Floating Charge and Mining Mortgage between PBH and CDEA
dated 8 September 2005 and registered with ASIC on 20 September 2005, being ASIC
registered charge number 1209162; and     (b)   the Featherweight Floating
Charge between PBH and CDEA dated 8 September 2005 and registered with ASIC on
20 September 2005, being ASIC registered charge number 1209164;

    “Claim” means in relation to any person, a claim, action, demand, suit,
judgment or proceeding for damages, debt, restitution, equitable compensation,
account, injunction, specific performance or any other remedy that a person has
against another person, however arising and whether present, unascertained,
immediate, future or contingent;       “Completion” means completion of the
transactions set out in clause 4.       “Completion Date” means 31 July 2009 or
such other date as the parties agree in writing;       “GST Amount” has the
meaning given to it in clause 9.2;       “GST Law” has the meaning given to that
expression in the A New Tax System (Goods and Services Tax) Act 1999 (Cth);    
  “Related Parties” means in relation to a party, the directors, officers,
servants, agents and related bodies corporate (as defined in the Corporations
Act 2001 (Cth)) of that party;       “Relevant Period” means the period
commencing on and including 1 July 2009 and ending on but excluding the
Completion Date;       “Silver Sale Agreement” means the Silver Sale Agreement
between PBH, CDEA and Coeur dated 8 September 2005; and       “Termination
Payment” has the meaning given in clause 3.   1.2   Terms defined in the Silver
Sale Agreement       Terms which are defined in the Silver Sale Agreement have
the same meaning in this deed unless the context requires otherwise.   1.3  
Interpretation       Clauses 1.2 (“References to certain general terms”), 1.3
(Delivery), 1.4 (“Next Business Day”) and 1.5 (“Headings”) of the Silver Sale
Agreement apply to this deed.   2.   CONDITIONS PRECEDENT AND CONDUCT PRIOR TO
COMPLETION DATE   2.1   Conditions precedent       Completion under this deed is
subject to and conditional upon:

  (a)   PBH obtaining finance for the Termination Payment on terms that are
reasonably acceptable to PBH;     (b)   PBH receiving a certified copy of a
resolution of the board of directors of CDEA approving the entry into this deed;
    (c)   PBH receiving a certified copy of a resolution of the board of
directors of Coeur approving the entry into this deed; and

 

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  (d)   CDEA receiving a certified copy of a resolution of the board of
directors of PBH approving entry into this deed.

2.2   Best endeavours       All parties must use their best endeavours and do
all things necessary or desirable in order to satisfy the conditions precedent
in clauses 2.1(a) to 2.1(d) as soon as practicable. The parties must keep each
other informed of any circumstances which may result in the conditions precedent
not being satisfied.   2.3   Satisfaction of conditions precedent

  (a)   The conditions precedent in clause 2.1(a) is included for the benefit of
PBH and may be waived by PBH giving notice in writing to CDEA and Coeur.     (b)
  The conditions precedent in clauses 2.1(b) to 2.1(d) are included for the
benefit of each party and may only be waived with the written agreement of each
party.     (c)   If one or more of the conditions precedent in clauses 2.1(a) —
2.1(d) are not satisfied (or validly waived) on or before the Completion Date,
this deed (other than under clause 2.4) and all of the rights and obligations of
the parties under it may be terminated by any party giving notice to the other
parties (provided that the party wishing to terminate the deed has complied with
clause 2.2).

2.4   Termination for non satisfaction of conditions precedent       If this
deed is terminated under clause 2.3:

  (a)   each party is released from its obligations under this deed (other than
under this clause 2.4);     (b)   within 21 days of the termination of this deed
under clause 2.3, the parties will each use their respective best endeavours and
negotiate in good faith a Deed of Variation of the Silver Sale Agreement (the
“Deed of Variation”). Notwithstanding any other provision of this clause 2.4(b),
the Deed of Variation shall provide that:

  (i)   the Silver Sale Agreement is only varied with respect to the area known
as the North Mine Broken Hill (the “North Mine”);     (ii)   the variation will
be conditional upon, and subject to, PBH commencing commercial mining production
at the North Mine within 24 months of execution of the Deed of Variation;    
(iii)   the variation is further conditional upon, and subject to, PBH
maintaining a minimum level of production at its operations known as the South
Mine Broken Hill (the “South Mine”) of not less than 900,000 tonnes of ore p.a.,
but allowing for any events of force majeure including, without limiting the
generality of the foregoing, natural disasters, substantial breakdown of plant &
equipment affecting production and substantial damage to the underground mine
facilities (such as a cave-in or total or partial collapse of, or damage to, the
main shaft) affecting production;     (iv)   55% of all silver produced from the
North Mine will be dealt with in the ordinary course under the terms of the
Silver Sale Agreement and 45% of all silver produced from the North Mine will be
released to PBH absolutely and not be subject to any of the terms of the Silver
Sale Agreement (and its associated security);

 

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  (v)   there is no change to the total ounces of silver to be delivered by PBH
under the terms of the Silver Sale Agreement;     (vi)   the ore produced from
the North Mine will be campaign run through PBH’s concentrator so as to easily
distinguished that ore from South Mine ore. However should PBH demonstrate that
it is uneconomic to separately campaign run the North Mine ore, the parties will
agree to combine the ores from the North and South Mines and agree in good faith
an accounting procedure to determine the Silver Product produced from the North
Mine.

  (c)   the parties’ rights, liabilities and obligations with respect to Silver
Product will otherwise continue to be governed by the Silver Sale Agreement (as
varied by the Deed of Variation); and     (d)   this deed (other than clauses 2,
8 and 10) shall be of no further force or effect.

2.5   Conduct up to Completion Date       Up to the Completion Date:

  (a)   CDEA shall continue to be entitled to all Adjusted Silver Proceeds less
the Operating Cost Contribution from sales of Concentrate to Counterparties
undertaken in accordance with clause 7 of the Silver Sale Agreement (“Permitted
Sales of Silver Product”);     (b)   title to Silver Product derived from the
Broken Hill Mine and severed from the land shall continue to pass to CDEA under
clause 3.5 of the Silver Sale Agreement (“Passing of title”); and     (c)   the
whole of the Silver Sale Agreement remains in full force and effect.

2.6   Conduct post Completion       CDEA will continue to be entitled to all
Adjusted Silver Proceeds less the Operating Cost Contribution, or be liable for
any refund due, from final settlement of sales of Concentrate to Counterparties
undertaken in accordance with clause 7 of the Silver Sale Agreement (“Permitted
Sales of Silver Product”) relating to the CDEA Silver Sales.   3.   TERMINATION
PAYMENT   3.1   Calculation       In consideration for CDEA agreeing to the
termination of the Silver Sale Agreement, PBH shall pay to CDEA an amount
(Termination Payment) equal to US$55 million less:

  (a)   the Adjusted Silver Proceeds less Operating Cost Contribution paid to
CDEA in respect of any sales of the Silver Product whose invoice date falls
during the Relevant Period, but excluding CDEA Silver Sales; and     (b)   the
Adjusted Silver Proceeds less Operating Cost Contribution (if any) which CDEA is
entitled to be paid in relation to clause 3.1(a) above (but which have not yet
been paid) under clause 7.3 of the Silver Sale Agreement.

 

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4.   COMPLETION   4.1   Time and place for Completion       Completion shall
occur at 2.00pm on the Completion Date at the offices of Gadens Lawyers
Skygarden Building, 77 Castlereagh Street, Sydney, NSW, Australia 2000.   4.2  
Obligations at Completion       At Completion PBH will pay to CDEA the
Termination Payment, by bank cheque or electronic funds transfer to an account
nominated by CDEA.   4.3   Obligations following Completion       Following
Completion,:

  (a)   PBH will pay to CDEA the Adjusted Silver Proceeds which CDEA became
entitled to up to the Completion Date and which were deducted from the
Termination Payment under clause 3.1(b);     (b)   PBH will pay to CDEA the
Adjusted Silver Proceeds which CDEA is entitled to under clause 2.6; and     (c)
  on full payment to CDEA of the Adjusted Silver Proceeds referred to in clauses
4.3(a) and 4.3(b) and the GST component of a tax invoice issued by CDEA in
accordance with clause 9.3, CDEA will deliver to PBH:

  (i)   a duly executed ASIC Form 312 effecting the discharge of each Charge;
and     (ii)   a duly executed Form 18a as published by the New South Wales
Department of Primary Industries for the purposes of the Mining Act which
cancels the registration of the Charges against the Tenements set out in the
Schedule.

4.4   Consequences of Completion       CDEA acknowledges and agrees that with
effect from Completion, and other than as set out in clauses 4.3(a) and 4.3(b):

  (a)   CDEA will have no further entitlement under the Silver Sale Agreement to
purchase Silver Product or to the Adjusted Silver Proceeds; and     (b)   PBH
will have all rights and title to, and all interests in Silver Product,
including without limitation Silver Product under clause 3.5 of the Silver Sale
Agreement (“Passing of Title”) which has not been sold by PBH in accordance with
clause 7 of the Silver Sale Agreement (“Permitted Sales of Silver Product”).

5.   COMPLETION STATEMENT   5.1   PBH to prepare Completion Statement       On
the date which is 3 Business Days prior to the Completion Date, PBH shall
deliver to CDEA a statement (Completion Statement) setting out in reasonable
detail:

  (a)   the total of any Adjusted Silver Proceeds paid to CDEA in accordance
with clause 3.1(a); and

 

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  (b)   the total of any Adjusted Silver Proceeds which CDEA is entitled to be
paid in accordance with clause 3.1(b).

5.2   Disputes

  (a)   If CDEA does not agree with the Completion Statement, it must give PBH
written notice of the dispute before the Completion Date.     (b)   Unless CDEA
gives PBH a notice in accordance with clause 5.2(a) and CDEA proceeds to
Completion, then CDEA will be deemed to have accepted the Completion Statement,
in which case payment of:

  (i)   the Termination Payment; and     (ii)   the Adjusted Silver Proceeds
under clause 4.3(a);

      in each case in accordance with the Completion Statement, will not give
rise to any rights of CDEA or Coeur in respect of any errors or omissions in the
Completion Statement.     (c)   In the event that CDEA gives notice to PBH under
clause 5.2(a), the provisions of clause 20 of the Silver Sale Agreement
(“Dispute Resolution”) shall apply.

6.   TERMINATION OF THE SILVER SALE AGREEMENT   6.1   Termination and discharge

  (a)   Subject to clauses 6.1(b) to 6.1(d), upon Completion, and with effect
from the Completion Date, the Silver Sale Agreement will terminate.     (b)  
Notwithstanding clause 6.1(a), the Silver Sale Agreement will continue to the
extent necessary for PBH to fulfil its obligations to make the payment to CDEA
of the Adjusted Silver Proceeds which are deducted from the Termination Payment
under clause 3.1(b) and the Adjusted Silver Proceeds to which CDEA is entitled
under clause 2.6.     (c)   Notwithstanding clause 6.1(a), clause 21 of the
Silver Sale Agreement (“Interest on overdue amounts”) will continue to the
extent necessary to permit the payment to CDEA of the interest owing (if any) on
the amounts referred to in clause 6.1(b).     (d)   Notwithstanding clause
6.1(a), the Charges will continue in full force and effect until discharged and
released in accordance with clause 4.3(c).

6.2   Survival       Subject to clauses 6.1(b) to 6.1(d), no right or obligation
arising under the Silver Sale Agreement , nor any of its terms, shall survive
termination under clause 6.1(a).   7.   RELEASE AND DISCHARGE   7.1   Silver
Sale Agreement       Subject to clauses 6.1(b) to 6.1(d), upon Completion and
with effect from the Completion Date:

  (a)   each of CDEA and Coeur releases and discharges PBH and each of its
Related Parties from any Claim which CDEA or Coeur (or both) has or may have
against

 

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      PBH or any of its Related Parties directly or indirectly, whether known or
unknown, now existing or existing in the future, liquidated or unliquidated,
fixed or contingent and howsoever arising in relation to, arising out of, or in
connection with the Silver Sale Agreement;     (b)   each of CDEA and Coeur
covenants with PBH and each of its Related Parties severally not to claim, sue
or take any action against PBH or any of its Related Parties in respect of the
matters the subject of the releases and discharges in clause 7.1(a);     (c)  
PBH releases and discharges CDEA and Coeur and each of their Related Parties
from any Claim which PBH has or may have against CDEA or Coeur (or both) or any
of their Related Parties directly or indirectly, whether known or unknown, now
existing or existing in the future, liquidated or unliquidated, fixed or
contingent and howsoever arising in relation to, arising out of, or in
connection with the Silver Sale Agreement; and     (d)   PBH covenants with CDEA
and Coeur and each of their Related Parties severally not to claim, sue or take
any action against CDEA or Coeur or any of their Related Parties in respect of
the matters the subject of the releases and discharges in clause 7.1(c).

    This clause 7.1 is without prejudice to the rights of PBH, CDEA and Coeur to
enforce the provisions of this deed.   7.2   Charges       Upon delivery by CDEA
of the duly executed ASIC Form 312 and Form 18a as published by the New South
Wales Department of Primary Industries for the purposes of the Mining Act under
clause 4.3(c):

  (a)   each of CDEA and Coeur releases and discharges PBH and each of its
Related Parties from any Claim which CDEA or Coeur (or both) has or may have
against PBH or any of its Related Parties directly or indirectly, whether known
or unknown, now existing or existing in the future, liquidated or unliquidated,
fixed or contingent and howsoever arising in relation to, arising out of, or in
connection with the Charge or any payment obligation under this deed;     (b)  
each of CDEA and Coeur covenants with PBH and each of its Related Parties
severally not to claim, sue or take any action against PBH or any of its Related
Parties in respect of the matters the subject of the releases and discharges in
clause 7.2(a);     (c)   PBH releases and discharges CDEA and Coeur and each of
their Related Parties from any Claim which PBH has or may have against CDEA or
Coeur (or both) or any of their Related Parties directly or indirectly, whether
known or unknown, now existing or existing in the future, liquidated or
unliquidated, fixed or contingent and howsoever arising in relation to, arising
out of, or in connection with the Charge; and     (d)   PBH covenants with CDEA
and Coeur and each of their Related Parties severally not to claim, sue or take
any action against CDEA or Coeur or any of their Related Parties in respect of
the matters the subject of the releases and discharges in clause 7.2(c).

    This clause 7.2 is without prejudice to the rights of PBH, CDEA and Coeur to
enforce the provisions of this deed.

 

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8.   COSTS   8.1   Legal costs       Each party must pay its own costs of and
incidental to the preparation of and execution of this deed.   8.2   Stamp duty

  (a)   Any stamp duty payable in respect of this deed must be paid by PBH.    
(b)   PBH must indemnify CDEA against any loss incurred by CDEA in relation to
any duty specified in this provision, whether through default by PBH under this
provision or otherwise.

9.   GST LIABILITY   9.1   Interpretation       In this clause, expressions
which are not defined but have a defined meaning in the GST Law, have the same
meaning as in the GST Law.   9.2   GST gross-up       If GST is payable by a
supplier (or by the representative member for a GST group of which the supplier
is a member) on any supply made under this deed, the recipient will pay to the
supplier an amount (GST Amount) equal to the GST payable on the supply. The GST
Amount is payable by the recipient in addition to, and at the same time as, the
consideration for the supply is to be provided under this deed.   9.3   Tax
invoice

  (a)   The supplier must deliver a tax invoice to the recipient before the
supplier is entitled to be paid the GST Amount. The recipient can withhold
payment of the GST Amount until the supplier provides a tax invoice.     (b)  
Notwithstanding clause 9.3(a), CDEA will issue a tax invoice at Completion for
the Termination Payment to PBH. The GST component of that particular tax invoice
must be paid by PBH to CDEA by no later than 25 September 2009 (or such other
date as is agreed between the parties).

9.4   Adjustment event       If an adjustment event arises in respect of a
taxable supply made under this deed, the GST Amount will be recalculated to
reflect the adjustment event. A payment will be made by the recipient to the
supplier or by the supplier to the recipient (as appropriate), to reflect the
recalculation.   9.5   Reimbursements       If a party is required under this
deed to reimburse or pay to another party an amount calculated by reference to a
cost, expense, outgoing or an amount paid or incurred by that party, the amount
of the reimbursement or payment will be reduced by the amount of any input tax
credits or reduced input tax credits to which that party (or the representative
member for a GST group of which it is a member) is entitled in respect of any
acquisition relating to that cost, expense, outgoing or other amount.

 

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9.6   No merger       This clause will not merge on Completion.   10.  
MISCELLANEOUS   10.1   Plea in bar       This deed may be pleaded in any Court
as a bar to any action, claim, cause of action or proceeding commenced or at any
time to be commenced by any of the parties to this Deed which is inconsistent
with or contrary to this Deed.   10.2   Injunctive relief       In the event of
a breach or threatened breach of the terms of this deed by a party, any other
party to this deed will be entitled to an injunction restraining that party from
committing any breach of this deed.   10.3   Waiver and exercise of rights

  (a)   A single or partial exercise or waiver of a right relating to this deed
will not prevent any other exercise of that right or the exercise of any other
right.     (b)   A party will not be liable for any loss, cost or expense of any
other party caused or contributed to by the waiver, exercise, attempted
exercise, failure to exercise or delay in the exercise of a right.

10.4   Legal advice       Each party agrees and acknowledges that it:

  (a)   has had a full and proper opportunity to consider the terms of this
deed;     (b)   has had a full and proper opportunity to obtain independent
legal advice in respect of the terms of this deed; and     (c)   enters into
this deed freely.

10.5   Counterparts       This deed may be executed in any number of
counterparts, each of which when executed and delivered shall constitute an
original, but all counterparts shall together constitute one and the same deed.
  10.6   Entire understanding

  (a)   This deed embodies the entire understanding and agreement between the
parties as to the subject of this deed.     (b)   All previous negotiations,
understandings, representations, warranties, memoranda or commitments in
relation to, or in any way affecting, the subject matter of this deed are merged
in and superseded by this deed and shall be of no force or effect whatever and
no party shall be liable to any other party in respect of those matters.     (c)
  No oral explanation or information provided by any party to another shall:

  (i)   affect the meaning or interpretation of this deed; or

 

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  (ii)   constitute any collateral agreement, warranty or understanding between
any of the parties.

10.7   Severability

  (a)   Any clause in this deed, which is prohibited in any jurisdiction, is, in
that jurisdiction, ineffective only to the extent of that prohibition.     (b)  
Any clause in this deed which is void, illegal or unenforceable in any
jurisdiction does not affect the validity, legality or enforceability of that
provision in any other jurisdiction or of the remaining provisions in that or
any other jurisdiction.

10.8   Governing law and jurisdiction

  (a)   This deed is governed by and is to be construed in accordance with the
laws in force in New South Wales.     (b)   Each party irrevocably and
unconditionally submits to the non-exclusive jurisdiction of the courts of New
South Wales and any courts which have jurisdiction to hear appeals from any of
those courts and waives any right to object to any proceedings being brought in
those courts.

10.9   Notices

  (a)   Any notice may be served by delivery in person or by post or
transmission by facsimile to the address or number of the recipient specified in
this provision or most recently notified by the recipient to the sender.     (b)
  Any notice to or by a party under this deed must be in writing and signed by
either:

  (i)   the sender or, if a corporate party, an authorised officer of the
sender; or     (ii)   the party’s solicitor.

  (c)   Any notice is effective for the purposes of this deed upon delivery to
the recipient or production to the sender of a facsimile transmittal
confirmation report before 4.00pm local time on a day in the place in or to
which the written notice is delivered or sent or otherwise at 9.00am on the next
day following delivery or receipt.     (d)   The addresses for service for
notices of the parties are:

      Perilya Broken Hill Limited         661 Newcastle Street Leederville WA
6007
Fax: + 61 08 9423 1787
Att: Paul Marinko/Paul Arndt         CDE Australia Pty Ltd         Suite 1003, 3
Spring Street Sydney NSW 2000
Fax: + 61 02 8249 4001
Att: Stephen Peterson         Coeur d’Alene Mines Corporation         505 Front
Avenue Coeur d’Alene ID 83814 United States of America
Fax: +1 208 667 2213

 

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      Att: Mitch Krebs

10.10   Further assurance       Each party must execute any document and perform
any action necessary to give full effect to this deed, whether before or after
performance of this deed.   10.11   Continuing Performance

  (a)   The provisions of this deed do not merge with any action performed or
document executed by any party for the purposes of performance of this deed.    
(b)   Any representation in this deed survives the execution of any document for
the purposes of, and continues after, performance of this deed.     (c)   Any
indemnity agreed by any party under this deed:

  (i)   constitutes a liability of that party separate and independent from any
other liability of that party under this deed or any other agreement; and    
(ii)   survives and continues after performance of this deed.

 

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Schedule — Tenements against which Charges have been registered

                      CHARGE   TENEMENTS   DEALING NO.
 
                   
Fixed and Floating Charge and Mining
  Consolidated Mining Lease No. 4     1973       37  
 
                   
Mortgage between PBH and CDEA dated 8 September 2005
  Consolidated Mining Lease No. 5     1973       35     Consolidated Mining
Lease No. 6     1973       32  
 
                   
 
  Mining Lease No. 1249     1973       19  
 
                   
 
  Mining Lease No. 5885     1906       26  
 
                   
 
  Exploration Licence 2513     1973       49  
 
                   
 
  Exploration Licence 2743     1973       50  
 
                   
 
  Exploration Licence 2921     1973       49  
 
                   
 
  Exploration Licence 5614     1992       36  
 
                   
 
  Exploration Licence 5879     1992       14  
 
                   
 
  Exploration Licence 6167     1992       2  
 
                   
 
  Exploration Licence 6386     1992       2  
 
                   
 
  Exploration Licence 6447     1992       2  
 
                   
 
  Exploration Prospecting Licence 2364     1973       49  
 
                   
 
  Exploration Prospecting Licence 2379     1973       49  
 
                   
 
  Exploration Prospecting Licence 3365     1973       49  
 
                   
 
  Exploration Prospecting Licence 3661     1973       49  
 
                   
Featherweight Floating Charge between PBH and CDEA dated 8 September 2005
  Consolidated Mining Lease No. 8     1973       30       Consolidated Mining
Lease No. 9     1973       27  
 
                   
 
  Consolidated Mining Lease No. 10     1973       28  
 
                   
 
  Consolidated Mining Lease No. 11     1973       27  
 
                   
 
  Consolidated Mining Lease No. 12     1973       27  
 
                   
 
  Consolidated Mining Lease No. 13     1973       27  

 

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Executed by PERILYA BROKEN HILL LIMITED in accordance with section 127(1) of the
Corporations Act 2001 (Cth) by authority of its directors:
       
 
       
/s/ Paul Arndt
  /s/ Paul Marinko    
 
Director
 
 
Secretary    
 
       
Paul Arndt
  Paul Marinko, Barrister & Solicitor    
 
Name of Director (print)
 
 
Name of Secretary (print)    
 
       
 
       
Executed by CDE Australia Pty Ltd in accordance with section 127(1) of the
Corporations Act 2001 (Cth) by authority of its directors:
       
 
       
/s/ John Blue
  /s/ Stephen Peterson    
 
Director
 
 
Director/Secretary    
 
       
John Blue
  Stephen Peterson    
 
Name of Director (print)
 
 
Name of director/Secretary (print)      

          COEUR D’ALENE MINES CORPORATION
      /s/ Dennis E. Wheeler       Name:   Dennis E Wheeler     Title:  
Chairman, President & Chief Executive Officer