|  | (1) | Hunt Mining Corp. a company incorporated under the laws of the State of Washington, USA and having its registered office at 23800 East Appleway, Liberty Lake, WA 99019, USA ("SELLER"); and |
|--|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (2) | Ocean Partners USA, Inc. a company incorporated under the laws of the State of Delaware, USA having it registered office at 43 Danbury Road, Wilton, CT 06897, USA ("BUYER"), and |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (3) | Huntwood Industries, Inc. a company incorporated under the laws of the State of Washington, USA and having its registered office at 23800 East Appleway, Liberty Lake, WA 99019, USA ("GUARANTOR") |
|--|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (A) | BUYER has agreed to purchase approximately 140-200wmt high grade silver concentrates from the Mina Martha mine owned by SELLER in Argentina, and the parties have entered into a new commercial contract to purchase these goods, contract number OPUS.SP90210. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | Excluding the provisions for this agreement, all terms and conditions of the Contract will apply at all times. |
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| Expiry | Unless mutually agreed at a later date, this facility will expire on completion of the contractual obligations of both parties in accordance with the Contract. |
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| Interest | Interest will accrue on the outstanding advance payment balance from the first date of payment at a rate equal to 6.0% per annum. |
|----------|-----------------------------------------------------------------------------------------------------------------------------------|

|  | 1) | Direct telegraphic transfer of the applicable amount in US$ to BUYER's account CH4108629105157930000 with BCP, Geneva, Switzerland (SWIFT: BPCPCHGG) cover through BONY Mellon, New York (SWIFT: IRVTUS3N). A SWIFT copy is to be submitted to BUYER on execution. |
|--|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 2) | Deduction of the repayment amount due against the value of concentrates delivered under the Contract in the scheduled month of production. The date of deduction for interest calculation purposes will match the holding certificate dates for the material delivered. |
|--|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Security: | Prior to the Advance being paid, GUARANTOR will provide BUYER with a guarantee (the "Parent Guarantee") for an amount equal to the Advance being issued. The wording of the Parent Guarantee will be worded to BUYER's satisfaction. |
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| Signed by:                                                         | TIMOTHY HUNT      |   |              |
|--------------------------------------------------------------------|-------------------|--------|-------------------|
|                                                               |              |   |              |
| Name in Print:                                                     | TIM R. HUNT       |   |              |
| Date:                                                              | October 28, 2016  |   | , 2016            |
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| EXECUTED for and on behalf of GUARANTOR, Huntwood Industries, Inc. |              |   |
|                                                               |              |   |              |
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|                                                               |              |   |              |
| Signed by:                                                         | TIMOTHY HUNT      |   |              |
|                                                               |              |   |              |
| Name in Print:                                                     | TIM R. HUNT       |   |              |
| Date:                                                              | October 28, 2016  |   | , 2016            |
|                                                               |              |   |              |
|                                                               |              |   |              |
|                                                               |              |   |              |
| EXECUTED for and on behalf of BUYER, Ocean Partners Usa, Inc.      |              |   |
|                                                               |              |   |              |
|                                                               |              |   |              |
|                                                               |              |   |              |
| Signed by:                                                         | JAY HEMENWAY      |   | BRENT OMLAND      |
|                                                               |              |   |              |
| Name in Print:                                                     | Jay Hemenway      |   | Brent Omland      |
| Date:                                                              | 26th October 2016 |   | 26th October 2016 |