Document:

Tahoe Resources Inc.: Exhibit 4.1 - Filed by newsfilecorp.com

  
  

EXHIBIT 4.1

TAHOE RESOURCES INC. 

DIVIDEND REINVESTMENT PLAN 

As a holder of common shares of Tahoe Resources Inc., you
should read this document carefully before making any decision regarding the
Dividend Reinvestment Plan. In addition, non-registered beneficial holders of
common shares of Tahoe Resources Inc. should refer to section 3.1 of this
Dividend Reinvestment Plan.

If you are a Shareholder of Tahoe Resources Inc., resident
of the United States and have received this document, please see the prospectus
relating to the Dividend Reinvestment Plan, including the United States federal
income tax considerations and risk factors included therein and the documents
incorporated by reference therein, which forms part of the Registration
Statement on Form F-3 (the “Registration Statement”), filed with the Securities
and Exchange Commission (the “SEC”) on August 10, 2016.

1.0 Purpose of the Plan 

This Dividend Reinvestment Plan (the “Plan”) allows
holders of common shares (the “Common Shares”) of Tahoe Resources Inc.
(the “Corporation”) to purchase additional Common Shares by reinvesting
their cash dividends (less any applicable withholding tax).

2.0 Summary of Principal Features of the Plan 

The following provides a summary of certain principal features
of the Plan:

	 	• 	
      Participants (as defined below) do not pay any costs or
      commissions in connection with purchases of Common Shares made under the
      Plan. 

	 	 	
       

	 	• 	
      Full investment of all dividends to be received (less any
      applicable withholding taxes) is possible since whole and fractional
      Common Shares are credited to the Participant’s account. (Non-registered
      beneficial Shareholders should note that the crediting of fractional
      Common Shares in favour of non-registered beneficial Shareholders who
      participate in the Plan through a Nominee will depend on the policies of
      that Nominee.) 

	 	 	
       

	 	•  	
      The Corporation may limit the maximum number of Common
      Shares that may be issued under the Plan. 

	 	 	
       

	 	• 	
      Statements of account will be mailed to Participants
      after each Dividend Payment Date (as defined below). 

	 	 	
       

	 	• 	
      Reinvestment of cash dividends under the Plan does not
      affect a Participant’s tax liability in respect of any such dividend,
      which tax liability remains with the Participant. 

	 	 	
       

	 	• 	
      Shareholders that do not participate in the Plan will
      continue to receive cash dividends in the usual manner. 

	 	 	
       

	 	•  	
      Shareholders can elect to participate or cease to
      participate in the Plan from time to time. 

	 	 	
       

	 	• 	
      Common Shares issued as part of a Treasury Acquisition
      (as defined below) for distribution under the Plan may, at the discretion
      of the Corporation, be purchased at the Discount (as defined below).
      Common Shares acquired through Market Acquisitions (as defined below) for
      distribution under the Plan will be purchased at the prevailing trading
      prices. 

3.0 Definitions 

“Agent” means Computershare Trust Company of Canada, or
such other agent as is from time to time to act as agent for Participants under
the Plan;

“Average Market Price” has the meaning set out in
Section 8.0 below;

“business day” means a day on which a Listing Market and
the Agent office in the Province of Ontario is open for business;

“CDS” means CDS Clearing and Depository Services Inc.,
or its nominee in respect of Common Shares;

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“CDS Participant” means a Nominee that is a participant
in the CDS depository service, which includes securities brokers and dealers,
banks, trust companies and other financial institutions that holds Common Shares
under the Plan on behalf of Participants that are non-registered beneficial
Shareholders; 

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“Corporation” means Tahoe Resources Inc.;

“Discount” means the discount of up to (but not
exceeding) 5% of the Average Market Price that the Corporation may determine in
its sole discretion to apply to Treasury Acquisitions, such Discount to be
announced by way of press release;

“Dividend Investment Period” means the period, after the
Dividend Payment Date, in which the Agent purchases Common Shares under the
Plan;

“Dividend Payment Date” means the date fixed by the
Board of Directors of the Corporation upon which a dividend is paid by the
Corporation;

"DRS Advice" means a direct registration system advice
or similar document evidencing the electronic registration of ownership of
Common Shares; 

“Enrollment Form” means the Reinvestment Enrollment —
Participant Declaration Form, available on Computershare’s self-service web
portal at www.investorcentre.com; 

“Listing Market” means the Toronto Stock Exchange, the
New York Stock Exchange (or any of its successors on which the Common Shares are
then listed for trading) or any other stock exchange on which the Common Shares
are listed;

“Market Acquisition” means a purchase of Common Shares
on the facilities of, at the Corporation’s sole discretion, a Listing
Market;

“Minimum Holdings” means the minimum number of Common
Shares that a Participant must hold in order to be eligible to participate in,
or continue to participate in, the Plan, which minimum number will be determined
by the Corporation from time to time in its sole discretion, subject to
applicable securities laws. As of the date of adoption of the Plan, the Minimum
Holdings is one Common Share;

“Nominee” refers to an intermediary such as a financial
institution, broker, or other nominee who holds Common Shares on behalf of a
non-registered beneficial owner of Common Shares and who supports dividend
reinvestment plans for Canadian issuers;

“Participant” means a Shareholder holding at least the
Minimum Holdings who, on the applicable record date for a cash dividend, is:

	 	(i) 	
      a resident of Canada or the United States, or

	 	 	 
	 	(ii) 	
      resident outside Canada or the United States and is not
      prohibited under the law of the country in which it resides from
      participating in the Plan,

and who is otherwise eligible to participate in the Plan and
elects to do so by, in the case of a registered Shareholder, completing and
delivering the appropriate enrollment forms to the Agent or, in the case of a
non-registered beneficial Shareholder, having a Nominee enroll on its behalf, as
more particularly described in the Plan;

“Shareholder” means a registered holder of Common Shares
or a non-registered beneficial owner of Common Shares, as the context
requires;

“trading day” means a day on which a board lot of the
Common Shares were traded on a Listing Market; and

“Treasury Acquisition” means a new issuance of Common
Shares acquired by the Agent from the Corporation in accordance with the
Plan.

3.1 Notice to Non-Registered Beneficial Shareholders

Non-registered beneficial Shareholders of the Corporation’s
Common Shares (i.e. Shareholders who hold their Common Shares through a Nominee)
should consult with that Nominee to determine the procedures for participation
in the Plan. The administrative practices of such Nominees may vary and
accordingly the various dates by which actions must be taken and documentary
requirements set out in the Plan may not be the same as those required by the
Nominee. There may be a fee charged by some Nominees to non-registered
beneficial Shareholders in respect of matters related to the Plan, which will
not be covered by the Corporation or the Agent. Where a non-registered
beneficial owner of Common Shares wishes to enroll in the Plan through a CDS
Participant in respect of Common Shares registered through CDS, appropriate
instructions must be received by CDS from the CDS Participant not later than
such deadline as may be established by CDS from time to time, in order for the
instructions to take effect on the Dividend Payment Date to which that dividend
record date relates. Instructions received by CDS after their internal deadline
will not take effect until the next following Dividend Payment Date. CDS
Participants holding Common Shares on behalf of non-registered beneficial owners
of Common Shares registered through CDS must arrange for CDS to enroll such
Common Shares in the Plan on behalf of such non-registered beneficial owners in
respect of each Dividend Payment Date.

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Participants that are non-registered beneficial Shareholders
may voluntarily terminate their participation in the Plan as of a particular
record date for a Dividend Payment Date by notifying their Nominee sufficiently
in advance of that record date. Participants should contact their Nominee for
appropriate procedures. Beginning on the first Dividend Payment Date after such
termination is effective, dividends to such non-registered beneficial
Shareholders will be made in cash. Any expenses associated with the preparation
and delivery of a termination notice will be for the account of the Participant
exercising its right to terminate participation in the Plan.

With respect to Participants that are non-registered beneficial
Shareholders, Common Shares purchased under the Plan from treasury or the open
market will be credited by the Agent to CDS and CDS shall in turn, on a pro rata
basis based on such Participants’ respective entitlement to the dividends used
to purchase Common Shares under the Plan, credit such Common Shares to the
account of the applicable Nominee through whom such Participants hold Common
Shares.

The crediting of fractional Common Shares in favour of
non-registered beneficial Shareholders who participate in the Plan through a
Nominee will depend on the policies of that Nominee. A Participant that is a
non-registered beneficial Shareholder will receive, from his, her or its Nominee
for tax reporting purposes, confirmations of the number of Common Shares issued
to such Participant under the Plan in accordance with the Nominee’s usual
practice.

4.0 Participation

	(i) 	
      Registered Shareholders. Except as described
      below, registered Shareholders are eligible to join the Plan at any time
      by enrolling some or all of their Common Shares and completing an
      Enrollment Form and sending it to the Agent within the deadlines noted
      below and at the address noted on the Enrollment Form or by enrolling
      online through the Agent’s web portal at www.investorcentre.com as
      identified from time to time by the Agent.

	 	 
	(ii) 	
      Non-Registered Beneficial Shareholders.
      Non-registered beneficial Shareholders whose Common Shares are not
      registered in their own name but instead are held through a Nominee, may
      only participate in the Plan if they:

	 	(1) 	
      transfer their Common Shares into their own name and
      enroll directly in the Plan as a registered Shareholder; or

	 	 	 
	 	(2) 	
      arrange for their Nominee to enroll in the Plan on their
      behalf.

The Nominee will be responsible for
causing separate instructions to be delivered to the Agent regarding the extent
of its participation in the Plan on behalf of non-registered beneficial
Shareholders. The Depository Trust Company has indicated that effective March
31, 2014, it will no longer be participating in dividend reinvestment plans for
Canadian issuers. As a result, Depository Trust Company participants will be
required to withdraw their securities from Depository Trust Company and deposit
them with Clearing and Depository Services, Inc. or have them registered in
customer name in order to participate in the Plan. CDS Participants holding
Common Shares on behalf of non-registered beneficial owners of Common Shares
registered through CDS must arrange for CDS to enroll such Common Shares in the
Plan on behalf of such non-registered beneficial owners in respect of each
Dividend Payment Date. CDS will, in turn, be required to provide such notice to
the Agent. 

	(iii) 	
      Non-Canadian Resident Shareholders. Shareholders
      resident outside of Canada and the United States may participate in the
      Plan unless prohibited by the law of the country in which they reside.
      Cash dividends to be reinvested for Participants resident outside of
      Canada (or who, in the sole determination of the Corporation, appear to be
      so resident) will be reduced by the amount of any applicable withholding
      taxes, as determined in the sole discretion of the Corporation. Neither
      the Corporation or Agent will have any duty to inquire to the residency
      status of the Shareholder, nor will the Corporation or Agent be required
      to know the residency status of a Shareholder, other than as notified by a
      Shareholder. Notwithstanding the foregoing as part of the enrollment process, the Corporation or
the Agent may request additional information or confirmations, including an
opinion of legal counsel, from such non-Canadian resident Shareholders to ensure
that enrollment is not prohibited by the law of the country in which they
reside. 

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	(iv) 	
      Time of Enrollment. A registered Shareholder will
      become a Participant with regard to the reinvestment of dividends on the
      first Dividend Payment Date following receipt by the Agent of a duly and
      properly completed Enrollment Form provided that the Enrollment Form is
      received not less than five (5) business days before the record date for
      the dividend payable on such Dividend Payment Date. If an Enrollment Form
      is received by the Agent less than five (5) business days prior to the
      record date for the dividend payable on such Dividend Payment Date, that
      dividend will be paid in the usual manner and the Participant will be
      enrolled for the next occurring Dividend Payment Date. A non-registered
      beneficial Shareholder will become a Participant when a Nominee has
      enrolled in the Plan on its behalf through a registered Shareholder, as
      described above.

	 	 
	(v) 	
      Common Shares Participating. Under the terms of
      the Plan, Participants may direct the Agent to reinvest cash dividends on
      all or a portion of the Common Shares registered in their name. If
      Participants purchase additional Common Shares outside of the Plan that
      they wish enrolled in the Plan, they should contact the Agent to ensure
      that those Common Shares are enrolled in the Plan, as newly acquired
      Common Shares may not be automatically enrolled in the Plan.

	 	 
	(vi) 	
      Ongoing Enrollment. Once a Participant has
      enrolled in the Plan, participation continues automatically unless
      terminated in accordance with the Plan.

	 	 
	(vii) 	
      Deemed Confirmations. By enrolling in the Plan,
      whether directly as a registered Shareholder or indirectly as a
      non-registered beneficial Shareholder through a Nominee, a Participant is
      deemed to have:

	 	(1) 	
      represented and warranted to the Corporation and the
      Agent that they are eligible to participate in the Plan;

	 	 	 
	 	(2) 	
      appointed the Agent, and authorized the Corporation to
      more formally engage the Agent’s services to act as agent for the
      Participant in furtherance of the Plan and in accordance with the terms of
      the specific Plan services agreement under which the Agent is
    engaged;

	 	 	 
	 	(3) 	
      appointed the Agent, as agent for the Participant, to
      receive from the Corporation, and directed the Corporation to credit the
      Agent, as agent for the Participant, with, all dividends (less any
      applicable withholding taxes) payable in respect of all Common Shares
      registered in the name of the Shareholder and enrolled in the Plan or held
      under the Plan for its account, or, in the case of a non-registered
      beneficial Shareholder enrolled indirectly through a Nominee, that is
      enrolled on its behalf in the Plan;

	 	 	 
	 	(4) 	
      authorized and directed the Agent, as agent for the
      Participant, to reinvest on behalf of the Participant such dividends (less
      any applicable withholding taxes) in Common Shares, all in accordance with
      the provisions of the Plan as set forth herein and otherwise upon and
      subject to the terms and conditions of the Plan;

	 	 	 
	 	(5) 	
      acknowledged and agreed to the limitations on liability
      as set out in Section 17.0 of the Plan; and

	 	 	 
	 	(6) 	
      acknowledged and agreed that the Corporation may from
      time to time give direction to the Agent, on behalf of Participants, in
      accordance with the Plan and the specific Plan services agreement under
      which the Agent is engaged.

	(viii) 	
      Non-Assignable and Non-Transferable. The right to
      participate in the Plan is not assignable by a Participant. Common Shares
      in the Plan may not be sold, transferred, pledged, hypothecated, assigned
      or otherwise disposed of by a Participant while such Common Shares remain
      in the Plan. A Participant who wishes to sell, transfer, pledge,
      hypothecate, assign or otherwise dispose of all or any portion of their
      Common Shares in the Plan must first withdraw such Common Shares from the
      Plan as set out in Section 12.0 of the Plan.

	 	 
	(ix) 	
      Right to Deny Participation. The Corporation may
      deny the right to participate in the Plan to any person or terminate the
      participation of any Participant in the Plan if (A) the Corporation deems
      it advisable under any laws or regulations, or (B) if, in the opinion of
      the Corporation, a person is participating in the Plan primarily with a
      view to arbitrage trading. The Corporation reserves the right to deny
      participation in the Plan, and to not accept an Enrollment Form from, any
      person or agent of such person who appears to
be, or who the Corporation has reason to believe is, subject to the
laws of any jurisdictions which does not permit participation in the Plan in the
manner sought by or on behalf of such person. Shareholders should be aware that
certain Nominees may not allow participation in the Plan and the Corporation is
not responsible for monitoring or advising which Nominees allow
participation.

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	(x) 	
      Enrollment Forms. Enrollment Forms may be obtained
      from the Agent at any time at www. investorcentre.com or by following the
      instructions on the Corporation’s website at www.
    tahoeresources.com.

	 	 	 
	(xi) 	
      Use of Funds. All funds received by the Agent
      under the Plan will be applied to the purchase of Common Shares in
      accordance with the Plan. In no event will interest be paid to
      Participants on any funds held for investment under the Plan.

	 	 	 
	(xii) 	
      Notification of Sale or Transfer. If a Participant
      sells or transfers all of his or her Common Shares held in DRS or
      certificated form that are enrolled in the Plan, the Agent will continue
      to invest the cash dividends on such Common Shares for the benefit of the
      Participant until a notice of termination is received by the Agent from
      the transferor of such Common Shares as the right to participate in the
      Plan is non assignable or transferable.

5.0 Costs 

There is no brokerage commission payable by Participants with
respect to Common Share purchases under the Plan and all administrative costs of
the Agent will be borne by the Corporation. A Participant will be responsible
for brokerage commissions on a sale of Common Shares effected by the Agent.
Participants who enroll through a Nominee may be subject to costs and charges by
their Nominee.

6.0 Market Acquisitions, Treasury Acquisitions and Use of
Proceeds 

The Common Shares acquired by the Agent under the Plan will be,
at the Corporation’s sole discretion, either a Treasury Acquisition or a Market
Acquisition. Proceeds received by the Corporation from the issuance of Common
Shares under the Plan through a Treasury Acquisition will be used for general
corporate purposes.

7.0 Method of Purchase

	(i) 	
      Application of Dividends. Cash dividends payable
      on the Common Shares registered in the Plan (less any applicable
      withholding taxes), and which includes Common Shares distributed under the
      Plan, will be applied automatically by the Agent in each Dividend
      Investment Period to the purchase of Common Shares for the Participant by
      way of a Treasury Acquisition or a Market Acquisition, as determined by
      the Corporation in its sole discretion.

	 	 
	(ii) 	
      Participant’s Account. Upon investment of the cash
      dividends, a Participant’s account will be credited with the number of
      Common Shares, including fractions computed to three decimal places, which
      is equal to the cash dividends (less any applicable withholding taxes)
      reinvested on behalf of such Participant divided by the purchase price for
      the Common Shares. Subject to Section 3.1, full reinvestment of all
      dividends received under the Plan (less any applicable withholding taxes)
      is possible as whole and fractional Common Shares are credited to a
      Participant’s account. The rounding of any fractional interest is
      determined by the Agent in its sole discretion.

	 	 
	(iii) 	
      Registration of Common Shares. Common Shares
      issued pursuant to the Plan will be registered in the name of the Agent or
      its successors as agent for the registered Shareholder
  Participants.

8.0 Price of Common Shares Purchased under the Plan 

The Corporation does not control the price of Common Shares
acquired under the Plan. The price (the “Average Market Price”) at which
the Agent will purchase new Common Shares during the Dividend Investment Period
will be:

	(i) 	
      in the case of a Treasury Acquisition, the volume
      weighted average price of the Common Shares (denominated in the currency
      in which the Common Shares trade on the applicable stock exchange) traded
      on a Listing Market on the five (5) trading days preceding a Dividend
      Payment Date, less the Discount. The determination of which Listing Market
      to be used for purposes of determining the weighted average price of the
      Common Shares will be made by the Corporation;
or

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	(ii) 	
      in the case of a Market Acquisition, the average price
      paid (excluding brokerage commissions, fees and all transaction costs) per
      Common Share (denominated in the currency in which the Common Shares trade
      on the applicable stock exchange) purchased by the Agent on behalf of
      Participants on a Listing Market for all Common Shares purchased in
      respect of a Dividend Payment Date under the Plan. The Agent will acquire
      the applicable aggregate number of Common Shares by Market Acquisition as
      soon as practicable and in any event within three (3) trading days after
      the Dividend Payment Date unless otherwise directed by the Corporation.
      The determination of which Listing Market to be used for purposes of
      Market Acquisitions will be made by the
Corporation.

The determination of the Average Market Price and the Average
Market Price after Discount in respect of a Treasury Acquisition will be made by
the Corporation and the Corporation will advise the Agent.

9.0 Limit on Reinvestments in Certain Events 

The Corporation may limit the maximum number of Common Shares
that may be issued under the Plan. If issuing Common Shares under the Plan would
result in the Corporation exceeding the limit and the Corporation determines not
to issue Common Shares in respect of a particular Dividend Payment Date,
Participants will receive from the Agent cash dividends for the dividends that
are not reinvested in Common Shares (without interest or deduction thereon,
except for any applicable withholding taxes). The Corporation will be under no
obligation to issue Common Shares to any Participants under the Plan where the
Corporation exceeds the maximum number of Common Shares that may be issued under
the Plan. The Corporation will be under no obligation to issue Common Shares on
a pro rata basis to Participants under the Plan where the Corporation exceeds
the maximum number of Common Shares that may be issued under the Plan. The
Corporation is not required to facilitate market purchases of Common Shares for
any dividends not reinvested due to a limit on the number of Common Shares
issuable under the Plan.

10.0 Statements of Account 

The Agent will maintain an account only for registered
Shareholder Participants. Where a non-registered beneficial Shareholder holds
Common Shares indirectly through a Nominee, the Nominee will be responsible for
providing a non-registered beneficial Shareholder Participant with confirmation
of the purchase of Common Shares under the Plan.

A statement of account will be mailed by the Agent to each
registered Participant after each Dividend Payment Date. The statement will set
out the amount of the cash dividends paid on the registered Shareholder
Participant’s Common Shares for the relevant period, the number of new Common
Shares distributed through the Plan for the period, the dates of these purchases
or issuances, the applicable purchase price per Common Share and the updated
total number of Common Shares being held for the registered Shareholder
Participant. These statements are a registered Shareholder Participant’s
continuing record of the cost of purchases and should be kept for tax purposes
as the registered Shareholder Participant is solely responsible for retaining
such statements. In addition, each registered Shareholder Participant will
receive the appropriate information annually for reporting dividends for tax
purposes.

11.0 DRS Advice or Share Certificates 

Registered Shareholder Participants who require a DRS advice or
a Common Share certificate but who do not wish to terminate participation in the
Plan, may obtain a DRS advice or a share certificate for any number of whole
Common Shares held in their account by duly completing the withdrawal portion of
the statement of account and delivering it to the Agent. Alternatively,
Participants may withdraw shares at the Agent’s self-service web portal at
www.investorcentre.com. The Agent will confirm such withdrawal in the next
statement of account mailed to the Participant following receipt of such
request. No DRS advice or share certificate will be issued for a fraction of a
Common Share. A DRS advice or a share certificate will generally be issued
within three (3) weeks of receipt by the Agent of a Participant’s written
request. A non-registered beneficial Shareholder Participant who holds Common
Shares indirectly through a Nominee, should contact its Nominee where it
requires a Common Share certificate.

Plan accounts are maintained in the names in which the
registered Shareholder Participants enrolled in the Plan. DRS or certificates
for whole Common Shares withdrawn from the Plan will be registered in exactly
the same manner when issued.

Any subsequent dividends paid in respect of the new DRS or
certificated Common Shares will be subject to reinvestment under the Plan
pursuant to the current election of the Participant, so long as the Participant
remains the owner of such Common Shares. The Common Shares remaining in
a Participant’s account will continue to have cash dividends reinvested pursuant
to the Plan.

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12.0 Termination of Participation in the Plan 

The following provisions apply in respect of registered
Shareholder Participants. Non-registered beneficial Shareholders who are
Participants should refer to Section 3.1 of this Plan and contact their Nominee
to determine the procedures for terminating their participation in the
Plan.

	(i) 	
      Termination by Participant. Participation in the
      Plan may be terminated by completing the termination portion of a
      Participant’s statement of account and delivering it to the Agent, signed
      by the registered Shareholder Participant, at least five (5) business days
      before the record date for a Dividend Payment Date. Alternatively,
      Participants may terminate their participation in the Plan at the Agent’s
      self-service web portal at www.investorcentre.com.

	 	 
	(ii) 	
      Death of Participant. Participation in the Plan
      will be terminated upon receipt by the Agent of satisfactory evidence of
      the death of the Participant from such Participant’s duly appointed legal
      representative.

	 	 
	(iii) 	
      Termination by Corporation if No Minimum Holdings.
      The Corporation reserves the right to terminate participation in the
      Plan if the Participant does not satisfy the Minimum Holdings
      requirements.

	 	 
	(iv) 	
      Certificates. Upon termination, a Participant (or
      the estate of a deceased Participant) will receive a DRS advice or share
      certificate for the whole Common Shares held in the Participant’s account.
      The Agent does not provide cash in lieu of any whole Common Share held for
      Participants. Requests for the issuance of a DRS advice or share
      certificate to the estate of a deceased Participant must be accompanied by
      appropriate documentation as determined by the Corporation.

	 	 
	(v) 	
      Fractional Shares. Upon termination, a Participant
      (or the estate of a deceased Participant) will receive a cash payment for
      any fraction of a Common Share held in the Participant’s account. All cash
      payments in respect of fractional Common Shares will be calculated based
      on the prevailing market price of the Common Shares on the applicable
      Listing Market on the effective date of the termination. Requests for cash
      payment for a fraction of a share to the estate of a deceased Participant
      must be accompanied by appropriate documentation as determined by the
      Corporation.

	 	 
	(vi) 	
      Comingling. Common Shares in a Participant’s
      account held pursuant to the Plan that are sold as part of a termination
      may be commingled with Common Shares of other terminating Participants, in
      which case, the proceeds to each terminating Participant will be based on
      the average sale price of all Common Shares so commingled and sold on the
      same day, less brokerage commissions.

	 	 
	(vii) 	
      Processing Terminations. If a request for
      termination is received less than five (5) business days before a record
      date for a Dividend Payment Date the request will be processed within
      three (3) weeks after the applicable Dividend Payment Date. No
      terminations will be processed between a record date for a Dividend
      Payment Date and the completion of the applicable Dividend Investment
      Period.

	 	 
	(viii) 	
      Sale of Common Shares. A Participant may request
      the sale of all or some of the Common Shares held for his or her account
      pursuant to the Plan by delivering it to the Agent at least five (5)
      business days before the record date for a Dividend Payment Date. If
      notice is not received by the Agent at least five (5) business days before
      such record date, settlement of the registered Shareholder Participant
      account will not commence until after the reinvestment for such Dividend
      Payment Date has been completed. In this event, the Agent will sell such
      Common Shares through a broker-dealer designated by the Agent, on
      consultation with the Corporation, from time to time. The Participant will
      be charged a commission by the broker-dealer for the sale of the Common
      Shares, which commission will be deducted from the cash proceeds of the
      sale to be paid to the Participant. Commissions charged on such sales will
      be charged at the customary rates charged from time to time by the
      broker-dealer. The proceeds of such sale, less brokerage commissions,
      transfer taxes and withholding taxes, if any, will be paid to the
      Participant by the Agent.

	 	 
	(ix) 	
      Dividends on Termination. After termination, all
      cash dividends (less any applicable withholding taxes) will be paid in
      cash to the registered holder of the Common Shares and not to the
      Agent.

	 	 
	(x) 	
      Currency. Payments in respect of a termination
      will be made in U.S. currency.

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13.0 Participation by Insiders and Employees 

Insiders and employees of the Corporation may elect to
participate in the Plan, provided however such persons may only submit an
Enrollment Form and may only vary or terminate their participation in the Plan
when they are not subject to a blackout period under the Corporation’s Insider
Trading Policy.

14.0 Rights Offerings 

If the Corporation makes available to registered holders of
Common Shares any rights to subscribe for additional Common Shares or other
securities, rights and DRS or share certificates will be forwarded by the Agent
to registered Shareholder Participants in the Plan in proportion to the number
of whole Common Shares being held for them in order to facilitate the exercise
of such rights by the Participants. A non-registered beneficial Shareholder
Participant who holds Common Shares indirectly through a Nominee should contact
its Nominee to determine how such rights will be distributed. Such rights will
not be made available for any fraction of a Common Share held for a
Participant.

15.0 Common Share Dividends, Share Splits and Consolidations

Any Common Share dividend (i.e. a dividend paid by the
Corporation in the form of Common Shares) and any Common Shares resulting from a
share split will be credited to the Participant’s account based on the whole and
fractional Common Shares being held for the Participant in the Plan, subject to
Section 3.1 for non-registered beneficial Shareholders. In the event of a
consolidation of the Common Shares, the number of Common Shares credited to a
registered Shareholder Participant’s account will be adjusted to account for the
effect of such consolidation on the Common Shares. DRS advice or share
certificates for Common Shares resulting from a Common Share dividend or share
split or a replacement of DRS advice or share certificates for Common Shares as
a result of a consolidation of Common Shares, on any Common Shares held in
certificated form by a Participant, will be delivered to the Participant in the
same manner as to holders of Common Shares who are not participating in the
Plan.

16.0 Common Share Voting 

Whole Common Shares held for a Participant’s account under the
Plan are voted in the same manner as Common Shares held in DRS or certificated
form. Participants will be provided with meeting materials in respect of Common
Shares held for the Participant’s account in accordance with the requirements of
securities laws applicable to the Corporation. Common Shares for which
instructions are not received, will not be voted. A fractional Common Share does
not carry the right to vote.

17.0 Responsibilities of the Corporation and the
Agent

The Agent acts as agent for the Participants under the Plan
pursuant to an agreement between the Corporation and the Agent which may be
terminated by the Corporation upon 30 days written notice to the Agent and may
be terminated by the Agent upon 90 days written notice to the Corporation. On
each Dividend Payment Date, the Corporation will pay to the Agent on behalf of
the Participants all cash dividends payable in respect of such Participants’
Common Shares (less any applicable withholding taxes). The Agent shall use such
funds to purchase Common Shares for the Participants in accordance with the
Plan. Common Shares purchased under the Plan will be registered in the name of
the Agent, as agent for the Participants under the Plan.

An investment in Common Shares is subject to risks.
Shareholders wishing to enroll in the Plan should carefully consider the risk
factors set out in the Corporation’s Annual Information Form prior to enrolling.
Participants should recognize that neither the Corporation nor the Agent can
assure a profit or protect against a loss on Common Shares purchased under the
Plan.

A Participant agrees that neither the Corporation nor the Agent
shall be liable to a Participant for any act undertaken or omitted to be taken
in good faith, including, without limitation, actions, damages, claims,
liabilities, costs, expenses or losses for negligence, gross negligence or
non-compliance with or breach of the terms of the Plan, and each Participant
expressly disclaims any recourse in respect thereof. In the event that the
Corporation or the Agent are found liable to a Participant, such liability shall
be limited to the amount of dividends paid to such Participant during the 12
month period prior to any such claim leading to a finding of liability. In the
event of a claim by any third party against the Corporation or the Agent that
arises out of or relates to the Plan, the Participant will indemnify the
Corporation and the Agent from all such claims, liabilities, damages, costs and
expenses, including, without limitation, reasonable legal fees, except to the
extent finally determined to have resulted from the intentional, deliberate or
fraudulent misconduct of the Corporation. In no event shall the Corporation be
liable for consequential, special, indirect, incidental, punitive or exemplary
damages, costs, expenses, or losses (including, without limitation, lost profits and opportunity costs). For
purposes of this section, the term the Corporation shall include its associated
and affiliated entities and their respective partners, directors, officers and
employees. The provisions of this section shall apply regardless of the form of
action, damage, claim, liability, cost, expense, or loss, whether in contract,
statute, tort (including, without limitation, negligence) or otherwise.

	TAHOE RESOURCES INC.
    

	Dividend Reinvestment Plan 	P a g
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Neither the Corporation nor the Agent shall have any duties,
responsibilities or liabilities except as are expressly set forth in the Plan,
including, without limitation, any claims:

	(i) 	
      with respect to any failure by a Nominee to enroll or not
      enroll in the Plan any holder of Common Shares (or, as applicable, any
      Common Shares held on such holder’s behalf) in accordance with the
      holder’s instructions or to not otherwise act upon a Shareholder’s
      instructions;

	 	 
	(ii) 	
      with respect to the continued enrollment in the Plan of
      any holder of Common Shares (or, as applicable, any Common Shares held on
      such holder’s behalf) until receipt of all necessary documentation as
      provided herein required to terminate participation in the Plan;

	 	 
	(iii) 	
      arising out of the failure to terminate a Participant’s
      account upon such Participant’s death prior to receipt of notice in
      writing of such death, including all necessary documentation;

	 	 
	(iv) 	
      with respect to the prices and times at which Common
      Shares are purchased or sold on the open market for the account of or on
      behalf of a Participant, and with respect to the selection of the Listing
      Market for the purposes of such purchases or sales;

	 	 
	(v) 	
      with respect to any decision to amend, suspend, replace
      or terminate the Plan in accordance with the terms hereof;

	 	 
	(vi) 	
      with respect to any determination made by the Corporation
      or the Agent regarding a Shareholder’s eligibility to participate in the
      Plan or any component thereof, including the cancellation of a
      Shareholder’s participation for failure to satisfy eligibility
      requirements; or

	 	 
	(vii) 	
      with respect to any taxes or other liabilities payable by
      a Shareholder in connection with its Common Shares or its participation in
      the Plan.

18.0 Amendment, Suspension or Termination of the Plan

The Corporation reserves the right to amend, suspend or
terminate the Plan at any time, in its sole discretion, but such action shall
have no retroactive effect that would prejudice the interests of the
Participants. All amendments to the Plan will be subject to the prior approval
of the Listings Markets, if required. All Participants will be (i) sent written
notice or (ii) informed by way of news release or posting to the website of the
Corporation of any such amendment, suspension or termination. In the event of a
termination of the Plan by the Corporation, DRS advice or share certificates for
whole Common Shares and payments for fractional Common Shares will be made in
accordance with Section 12.0. In the event of suspension of the Plan by the
Corporation, no investment will be made by the Agent during the Dividend
Investment Period immediately following the effective date of such suspension.
Any dividends on the Common Shares subject to the Plan and paid after the
effective date of such suspension will be remitted by the Agent to the
Participants (without interest or deduction thereon except applicable
withholding taxes, if any).

19.0 Governing Law, Compliance and Rules 

The Plan shall be governed by and be construed in accordance
with the laws of the Province of British Columbia and the federal laws of Canada
applicable therein.

The operation and implementation of the Plan is subject to
compliance with all applicable legal requirements including:

	(i) 	
      obtaining all necessary regulatory approvals;

	(ii) 	
      compliance with all applicable registration and
      prospectus exemptions;

	(iii) 	
      compliance with the requirements of a Listing Market;
      and

	(iv) 	
      compliance with limits on the number of Common Shares
      issuable under the Plan.

	TAHOE RESOURCES INC.
    

	Dividend Reinvestment Plan 	P a g
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The Corporation and the Agent may also from time to time adopt
and implement rules and regulations to facilitate the administration of the
Plan. The Corporation reserves the right to regulate and interpret the Plan as
it deems necessary or desirable to ensure the efficient and equitable operation
of the Plan.

20.0 Currency 

All monetary amounts identified in the Plan are in U.S.
dollars, unless otherwise expressly stated.

21.0 Income Tax Considerations 

A summary of certain Canadian federal income tax considerations
is attached to the Plan and a summary of certain United States federal income
tax considerations is contained in the prospectus that forms part of the
Registration Statement filed with the SEC on August 10, 2016; however,
Shareholders should consult their tax advisors about the tax consequences which
will result from their participation in the Plan. The summaries are of a
general nature only and are not, and are not intended to be, legal or tax advice
to any particular Participant under the Plan. The summaries are not exhaustive
of all federal income tax considerations that may be applicable to Participants.
Accordingly, Participants should consult their own tax advisors with respect to
the tax consequences applicable to them having regard to their own particular
circumstances. 

22.0 Notices 

All notices required to be given to a Participant in the Plan
will be delivered to the Participant at the most recent address shown on the
records of the Corporation maintained by the Agent, or, in the case of
non-registered beneficial Shareholder Participants who holds Common Shares
indirectly through their respective Nominee. All communications to the Agent and
requests for forms or information regarding the Plan, should be directed to the
Agent by phone, mail, fax or e-mail to:

Computershare Trust Company of Canada

100 University Avenue, 8th Floor, North Tower 
Toronto Ontario 
M5J
2Y1 

Or the National Contact Center at

North America: 1-800-564-6253 
Outside of North America: 514-982-7555

Or by visiting www.Investorcentre.com/service 

23.0 Effective Date 

The effective date of the Plan is October 20, 2016. 

	TAHOE RESOURCES INC.
    

	Dividend Reinvestment Plan 	P a g
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DIVIDEND REINVESTMENT PLAN – TAX CONSIDERATIONS 

Certain Canadian Federal Income Tax Considerations 

The following is a general summary, as of August 10, 2016, of
the principal Canadian federal income tax considerations under the Income Tax
Act (Canada) (the “Tax Act”) and the Income Tax Regulations (the
“Regulations”) generally applicable to a Participant (a “Specified
Participant”) who acquires Common Shares pursuant to the Plan and who, for
purposes of the Tax Act and at all relevant times, (i) deals at arm’s length
with and is not affiliated with the Corporation and (ii) holds all Common
Shares, and will hold any Common Shares issued pursuant to the Plan, as capital
property.

The Common Shares will generally constitute capital property to
a Specified Participant unless such Common Shares are held in the course of
carrying on a business of buying and selling securities or were acquired in a
transaction considered to be an adventure or concern in the nature of trade.
Certain Specified Participants who are residents of Canada for purposes of the
Tax Act and whose Common Shares might not otherwise qualify as capital property
may, in certain circumstances, be entitled to make an irrevocable election in
accordance with subsection 39(4) of the Tax Act to have their Common Shares and
every “Canadian security” (as defined in the Tax Act) owned by such Specified
Participant in the taxation year of the election and in all subsequent taxation
years be deemed to be capital property. Such Specified Participants should
consult their own tax advisors for advice with respect to whether an election
under subsection 39(4) of the Tax Act is available or advisable in their
particular circumstances.

This summary is not applicable to a Specified Participant: (i)
that is a “financial institution” for the purposes of the mark-to-market rules
in the Tax Act; (ii) that is a “specified financial institution” as defined in
the Tax Act; (iii) who has acquired any of his or her Common Shares upon the
exercise of an employee stock option; (iv) an interest in which is a “tax
shelter investment” as defined under the Tax Act, (v) that has elected to report
its “Canadian tax results” in a “functional currency” other than Canadian
currency, as each of those terms is defined in the Tax Act; (vii) that has
entered or will enter into a “derivative forward agreement” with respect to his
or her Common Shares, as defined in the Tax Act; or (viii) that is otherwise of
special status or in special circumstances. All such Specified Participants
should consult their own tax advisors.

Additional considerations, not discussed herein, may be
applicable to a Specified Participant that is a corporation resident in Canada
and is, or becomes, controlled by a non-resident corporation for purposes of the
“foreign affiliate dumping” rules in Section 212.3 of the Tax Act. Such
Specified Participants should consult their own tax advisors.

This summary is based upon the current provisions of the Tax
Act and the Regulations in force as of August 10, 2016, specific proposals to
amend the Tax Act and the Regulations that have been publicly announced by or on
behalf of the Minister of Finance (Canada) prior to such date (the “Tax
Proposals”), and our understanding of the current published administrative
policies and assessing practices of the Canada Revenue Agency (the
“CRA”). This summary assumes that the Tax Proposals will be enacted in
the form proposed and does not otherwise take into account or anticipate any
changes in law or administrative practices, whether by legislative, governmental
or judicial decision or action, nor does it take into account provincial,
territorial or foreign tax considerations, which may differ from the Canadian
federal income tax considerations discussed herein. No assurance can be given
that the Tax Proposals will be enacted as proposed or at all, or that
legislative, judicial or administrative changes will not modify or change the
statements expressed herein. This summary also assumes that for purposes of the
Tax Act and at all relevant times, the Agent is considered to act as agent for
all the Participants with respect to all dealings with all of the Common Shares
and other assets administered under the Plan. No tax ruling or legal opinion has
been sought or obtained with respect to any of the assumptions made for purposes
of this summary. 

This summary is of a general nature only and is not, and is
not intended to be, legal or tax advice to any particular Participant under the
Plan. This summary is not exhaustive of all Canadian federal income tax
considerations that may be applicable to Participants. Accordingly, Participants
should consult their own tax advisers with respect to the tax consequences
applicable to them having regard to their own particular circumstances. 

Residents of Canada 

This portion of the summary is generally applicable to a
Specified Participant who, for purposes of the Tax Act and at all relevant
times, is resident or deemed to be resident solely in Canada (a “Canadian
Participant”).

	TAHOE RESOURCES INC.
    

	Dividend Reinvestment Plan 	P a g
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Dividends 

The reinvestment of dividends under the terms of the Plan will
not relieve a Canadian Participant from any liability for income taxes that may
otherwise be payable on such amounts. In this regard, a Canadian Participant who
participates in the Plan will be treated for purposes of the Tax Act as having
received, on each Dividend Payment Date, a taxable dividend equal to the amount
of the dividend payable on such date, which dividend will be subject to the
normal tax treatment accorded to taxable dividends received by the Canadian
Participant from a taxable Canadian corporation. For example, in the case of a
Canadian Participant who is an individual (including certain trusts), such
dividends will be subject to the normal gross-up and dividend tax credit rules
applicable to taxable dividends received by an individual from taxable Canadian
corporations, including the enhanced gross-up and dividend tax credit for any
“eligible dividends” properly designated as such by the Corporation. .

In the case of a Canadian Participant that is a corporation,
such dividends will be included in computing the corporation’s income and
generally will be deductible in computing its taxable income, subject to all
restrictions and limitations under the Tax Act (including those pending under
the Tax Proposals). In certain circumstances, subsection 55(2) of the Tax Act
may treat a dividend received by a Canadian Participant that is a corporation as
proceeds of disposition or capital gain, and Canadian Participants that are
corporations should consult their own tax advisors in this regard.

A “private corporation” (as defined in the Tax Act), or any
other corporation controlled, whether because of a beneficial interest in one or
more trusts or otherwise by or for the benefit of an individual (other than a
trust) or a related group of individuals (other than trusts) may be liable to
pay a special tax (refundable in certain circumstances) of 38 1/3% (subject to
special provisions for taxation years that end after 2015 and begin before 2016)
under Part IV of the Tax Act on dividends to the extend such dividends are
deductible in computing the corporation’s taxable income. 

Acquisition of Common Shares at a Discount

The Corporation may, in its sole discretion, permit the
issuance of Common Shares under the Plan pursuant to a Treasury Acquisition at a
discount of up to (but not exceeding) 5% of the Average Market Price (the
“Discounted Average Market Price”). Pursuant to the administrative
position of the CRA, the acquisition of a Common Share by a Canadian Participant
at the Discounted Average Market Price should not result in a taxable benefit
for purposes of the Act.

Capital Gains and Losses 

A Canadian Participant who disposes of or is deemed to have
disposed of Common Shares acquired pursuant to the Plan (including on the
disposition of a fraction of a Common Share in consideration for cash upon
termination of participation in the Plan or upon termination of the Plan) will
generally realize a capital gain (or incur a capital loss) equal to the amount
by which the proceeds of disposition of such Common Shares exceed (or are
exceeded by) the aggregate of the adjusted cost base of such Common Shares
immediately before the disposition or deemed disposition and any reasonable
expenses associated with the disposition or deemed disposition. For purposes of
determining the amount of any capital gain (or loss) which may result from the
disposition of such Common Shares, the adjusted cost base of Common Shares owned
by a Canadian Participant will be the average cost of all Common Shares owned
and acquired by the Canadian Participant, whether acquired through reinvesting
dividends pursuant to the Plan or otherwise acquired outside the Plan.

Generally, one-half of any capital gain (a “taxable capital
gain”) so realized by a Canadian Participant in a taxation year will be
included in the Canadian Participant’s income for the year and one-half of any
capital loss (an “allowable capital loss”) so realized by a Canadian
Participant in a taxation year must be deducted against taxable capital gains
realized in the year to the extent and in the circumstances specified in the Tax
Act. Allowable capital losses in excess of taxable capital gains realized in a
taxation year may be carried back up to three taxation years or carried forward
indefinitely and deducted against net taxable capital gains in those other
years, to the extent and in the circumstances specified in the Tax Act.

If the Canadian Participant is a corporation, the amount of any
capital loss arising from a disposition or deemed disposition of a Common Share
may be reduced by the amount of certain dividends received or deemed to be
received by the corporation on the share to the extent and under circumstances
specified by the Tax Act. Similar rules may apply where a corporation is a
member of a partnership or a beneficiary of a trust that owns Common Shares, or
where a corporation, partnership or trust is a member of a partnership or a
beneficiary of a trust that owns Common Shares. Canadian Participants to whom
these rules may be relevant should consult their own tax advisors.

	TAHOE RESOURCES INC.
    

	Dividend Reinvestment Plan 	P a g
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Additional Refundable Tax on Corporations

A Canadian Participant that is a “Canadian-controlled private
corporation” (as defined in the Tax Act) may be liable to pay an additional tax
(refundable in certain circumstances) of 10 2/3% (subject to certain
pro-rationing for taxation years that end after 2015 and begin before 2016) on
certain investment income, including amounts in respect of net taxable capital
gains, interest and dividends or deemed dividends not deductible in computing
taxable income.

Minimum Tax on Individuals 

Capital gains realized and dividends received or deemed to be
received by individuals and certain trusts may give rise to minimum tax under
the Tax Act.

Termination of Participation 

When a Canadian Participant’s participation in the Plan is
terminated by the Canadian Participant or the Corporation or when the Plan is
terminated by the Corporation, the Canadian Participant may receive a cash
payment in respect of any fractional Common Shares remaining in the Canadian
Participant’s account. A deemed dividend may arise if the cash payment for a
fractional Common Share exceeds the paid-up capital (within the meaning of the
Tax Act) in respect of such fractional Common Share and a capital gain (or loss)
may also be realized in certain circumstances. Any deemed dividend would be
treated in the manner described above under the heading “Certain Canadian
Federal Income Tax Considerations – Residents of Canada – Dividends” and any
capital gain would be treated in the manner described above under the heading
“Certain Canadian Federal Income Tax Considerations – Residents of Canada –
Capital Gains and Losses”. 

Non-Residents of Canada

This portion of the summary is generally applicable to a
Specified Participant who, for the purposes of the Tax Act and at all relevant
times, (i) is not and is not deemed to be resident in Canada; and (ii) does not
use or hold and is not deemed to use or hold Common Shares in a business carried
on in Canada (a “Non-Resident Participant”). Special rules, which are not
discussed in this summary, may apply to a Non-Resident Participant that is an
insurer that carries on an insurance business in Canada and elsewhere.

Dividends 

The reinvestment of dividends under the terms of the Plan will
not relieve a Non-Resident Participant from any liability for income taxes that
may otherwise be payable on such amounts. In this regard, a Non-Resident
Participant who participates in the Plan will be treated for tax purposes as
having received, on each Dividend Payment Date, a taxable dividend equal to the
amount of the dividend payable on such date, which dividend will be subject to
the normal tax treatment accorded to taxable dividends received by the
Non-Resident Participant from a taxable Canadian corporation.

Any dividends paid or credited to the Agent in respect of a
Non-Resident Participant's Common Shares will be subject to a non-resident
withholding tax for Canadian income tax purposes. Under the Tax Act, the rate of
withholding tax on dividends is 25%. This rate may be subject to reduction under
the provisions of any applicable income tax treaty between Canada and the
country in which the Non-Resident Participant is resident. For example, in the
case of a beneficial owner of dividends who can substantiate that the owner is a
resident of the United States for purposes of the Canada-United States Tax
Convention, 1980 (the "Canada-US Treaty") and is entitled to the
benefits of the Canada-US Treaty, the rate of withholding tax on dividends will
generally be reduced to 15%. Dividends paid on the Common Shares to a
Non-Resident Participant will be reduced by applicable Canadian withholding tax
before reinvestment in Common Shares under the Plan.

Non-Resident Participants may be liable for additional tax on
dividends paid on Common Shares held in their Plan account in their respective
countries of residence, and should consult with their own tax advisors in this
regard.

Acquisition of Common Shares at a Discount

As described above under “Residents of Canada”, the Corporation
may, in its sole discretion, permit the issuance of Common Shares under the Plan
pursuant to a Treasury Acquisition at a Discounted Average Market Price.
Pursuant to the administrative position of the CRA, the acquisition of a Common
Share by a Non-Resident Participant at the Discounted Average Market Price
should not result in a taxable benefit for purposes of the Act.

	TAHOE RESOURCES INC.
    

	Dividend Reinvestment Plan 	P a g
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Capital Gains and Losses 

A Non-Resident Participant will not be subject to tax under the
Tax Act in respect of any capital gain realized by such Non-Resident Participant
on a disposition of Common Shares acquired pursuant to the Plan (including upon
the disposition of a fractional Common Share), unless such Common Shares are
“taxable Canadian property” (as defined in the Tax Act) of the Non-Resident
Participant at the time of disposition and the gain is not exempt from tax
pursuant to the terms of an applicable tax treaty.

Generally, a Common Share owned by a Non-Resident Participant
will not be taxable Canadian property of the Non-Resident Participant at a
particular time provided that the Common Shares are listed on a “designated
stock exchange” as defined in the Tax Act (which currently includes the Listing
Market) at that time unless, at any time during the 60 month period preceding
such time, the following two conditions have been met concurrently: (i) the
Non-Resident Participant, persons with whom the Non-Resident Participant did not
deal at arm’s length, partnerships in which the Non-Resident Participant (or
persons with whom the Non-Resident Participant did not deal at arm’s length)
holds a membership interest directly or indirectly, or the Non-Resident
Participant together with all such foregoing persons, owned 25% or more of the
shares of any class or series of the Corporation, AND (ii) more than 50% of the
fair market value of such Common Shares was derived directly or indirectly from
one or any combination of real or immovable property situated in Canada,
“Canadian resource properties” or “timber resource properties” (each as defined
in the Tax Act), or an option in respect of, or interests in, or for civil Law
rights in, any such properties, whether or not such property exists.
Notwithstanding the foregoing, in certain circumstances set out in the Tax Act,
a Common Share could also be deemed to be taxable Canadian property of the
NonResident Participant.

Even if the Common Shares are taxable Canadian property to a
Non-Resident Participant at a particular time, such Participant may be exempt
from tax on any capital gain realized on the disposition of such shares by
virtue of an applicable income tax treaty. In the case of a Non-Resident
Participant that is a resident of the United States for purposes of the
Canada-US Treaty and that is entitled to benefits in accordance with the
provisions of the Canada-US Treaty, any gain realized by the Non-Resident
Participant on a disposition of Common Shares acquired pursuant to the Plan that
would otherwise be subject to tax under the Tax Act will generally be exempt
pursuant to the U.S. Treaty provided that the value of such shares is not
derived principally from real property situated in Canada at the time of
disposition.

In circumstances where a Common Share acquired pursuant to the
Plan constitutes or is deemed to constitute taxable Canadian property of the
Non-Resident Participant, any capital gain that would be realized on the
disposition of such Common Share that is not exempt from tax under the Tax Act
pursuant to an applicable income tax treaty generally will be subject to the
same Canadian tax consequences discussed above for a Canadian-Resident
Participant under the headings “Certain Canadian Federal Income Tax
Considerations – Residents of Canada – Capital Gains and Losses”.

Non-Resident Participants who hold, or may hold, Common
Shares as taxable Canadian property should consult their own tax advisers with
respect to all tax consequences and reporting obligations arising as a result of
a disposition of such shares. 

Termination of Participation 

When a Non-Resident Participant’s participation in the Plan is
terminated by the Non-Resident Participant or the Corporation or when the Plan
is terminated by the Corporation, the Non-Resident Participant may receive a
cash payment in respect of any fractional Common Shares remaining in the
Non-Resident Participant’s account. A deemed dividend may arise if the cash
payment for a fractional Common Share exceeds the paid-up capital (within the
meaning of the Tax Act) in respect of such fractional Common Share and a capital
gain (or loss) may also be realized in certain circumstances. Any deemed
dividend would be subject to Canadian withholding tax generally as described
above under the heading “Certain Canadian Federal Income Tax Considerations –
NonResidents of Canada – Dividends” and any capital gain would be treated in
the manner described above under the heading “Certain Canadian Federal Income
Tax Considerations – Non-Residents of Canada – Capital Gains and Losses”.

	TAHOE RESOURCES INC.csax_ex101.htm

  EXHIBIT 10.1
 
AMENDED AND RESTATED SETTLEMENT AGREEMENT 
 
            This Amended and Restated Settlement Agreement (this "Agreement") is entered into as of August 5, 2016 (the "Effective Date"), by and among CSA Holdings Inc., a Nevada corporation, ("CSA Holdings") CSA, LLC, a Colorado limited liability company and wholly owned subsidiary of CSA Holdings ("CSA"), and Daniel Williams, individually, ("Williams"), (referred to herein collectively as "Parties"), on the terms and conditions set forth herein. 
 
I. RECITALS
 
WHEREAS, This Agreement amends and restates the Settlement Agreement entered into by the Parties on May 16, 2016, pursuant to and consistent with the terms of Section II, Paragraph 14 of the Settlement Agreement.
 
WHEREAS, Williams was the Chief Executive Officer, President and Chairman of the Board at CSA Holdings and the Chief Executive Officer, President and Manager of CSA during the time period relevant to this Agreement, including fiscal years 2013, 2014, 2015 and through April 2016;
 
WHEREAS, the United States Internal Revenue Service ("IRS") detected certain CSA Holdings and/or CSA tax liabilities were not paid when due (the "Tax Liabilities"), and demanded that Williams, CSA Holdings and/or CSA make all overdue payments of approximately $300,000.00 plus to be calculated penalties and interest (hereinafter referred to as the "IRS Matter");
 
WHEREAS, Williams is the owner of not less than 50,000,000 restricted shares of common stock of CSA Holdings ("Shares");
 
WHEREAS, Williams is contemporaneously entering into three separate agreements ("Stock Purchase Agreements"), with third party buyers ("Purchasers"), for the sale of the Shares in consideration for $700,000.00 ("Sale Proceeds"), $575,000.00 of which will be paid to CSA Holdings, and the remainder of $125,000.00 will be retained by Williams; 
 
WHEREAS, the Stock Purchase Agreements are attached hereto as "Exhibit A," and all terms therein are incorporated hereto in their entirety as provisions of and/or conditions precedent to this Agreement; and
 
WHEREAS, the Parties have agreed to enter into the agreement described herein, for Williams' payment of $575,000.00 in Sale Proceeds from the Stock Purchase Agreement to CSA Holdings' designated bank account by wire transfer, to satisfy the Tax Liabilities, provide working capital to CSA Holdings and repay other associated or related loans, as described in detail in paragraph 1.2 of the Stock Purchase Agreement, incorporated herein. 
 
	 
	1

	

	 

 
II. AGREEMENT
 
            NOW, THEREFORE, in consideration of the promises and the mutual covenants contained herein, and certain other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto hereby agree as follows:
 
1. Williams' Payment to CSA Holdings. The total sum of $700,000.00 paid by the Purchasers under the Stock Purchase Agreements, Exhibit A, incorporated herein by reference ("Stock Proceeds"), will be wired to Williams' and CSA Holdings' designated bank accounts, $125,000.00 to Williams, $575,000.00 to CSA Holdings (the "Closing Amounts"). 
 
2.  CSA Holdings' and CSA's Payment of Outstanding Loans. CSA Holdings and CSA agree to pay, within 180 days of the Closing Date, $38,905.05 in outstanding loans owing to certain of Williams' family members. An interest rate of 3% per month will be paid, accruing as of the First Closing Date under the Stock Purchase Agreement. Williams represents and warrants that there are no other loans, debts or obligations he has caused to be taken out against CSA Holdings or CSA.
 
3. Conditional Mutual Releases. 
 
3.1. Conditions Precedent to Release. The occurrence of all of the following shall have occurred as a condition precedent to the effectiveness of any of the rights, duties, obligations, commitments, agreements or covenants described in sections 4 and 5 below. 
 
(a) Full execution of the Stock Purchase Agreements, Exhibit A, and Williams' full satisfaction of compliance with all terms, and CSA Holdings' receipt of the total payment of $575,000.00.
 
(b) Resignation of Williams as Chief Executive Officer, President and Chairman of the Board at CSA Holdings and the Chief Executive Officer, President and Manager of CSA;
 
(c) CSA Holdings' or CSA's payment of $38,905.05 in outstanding loans owing to family members of Williams within 180 days of the Closing Date under the Stock Purchase Agreement as provided in paragraph 2, above; and 
 
(d) Dismissal of the IRS Matter, and release by the IRS of CSA Holdings and Williams in connection with the Tax Liability and any related or associated liability in the IRS Matter.
 
4. Conditional Release by Williams. If all conditions precedent described in 3.1(a) – (d) are met, then Williams will fully and finally release, acquit and forever discharge CSA Holdings and CSA, for and on behalf of itself and its officers and directors (each such party together with all of the foregoing, the "CSA Holdings' Released Parties") of, from and against any and all actions, debts, claims, counterclaims, demands, liabilities, damages, causes of action, costs, expenses and compensation of every kind and nature whatsoever, past, present, or future, in law or in equity, whether known or unknown, (collectively, "Claims") which Williams had, has, or may have had at any time prior to the Effective Date against any CSA Holdings' Released Party. 
 
	 
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5. Conditional Release by CSA. If all conditions precedent described in 3.1(a) – (d) are met, then CSA Holdings and CSA for and on behalf of itself and its officers and directors (each such party together with all of the foregoing, the "CSA Holdings' Releasing Parties"), will fully and finally release, acquit and forever discharge Williams of, from and against any and all Claims which any of the CSA Holdings Releasing Parties had, has, or may have had at any time prior to the Effective Date against Williams. 
 
6. Lock-Up of Retained Shares. Following the transfer of 50,000,000 shares pursuant to the Stock Purchase Agreement, Williams will retain 5,000,000 shares ("Lock-Up Shares"). Until (a) the three (3) month anniversary of the Closing Date (as defined in the Stock Purchase Agreement) with respect to seventy five percent (75%) of the Lock-Up Shares; (b) the six (6) month anniversary of the Closing Date with respect to fifty percent (50%) of the Lock-Up Shares; and (c) the nine (9) month anniversary of the Closing Date with respect to twenty-five percent (25%) of the Lock-Up Shares , the undersigned will not, directly or indirectly:
 
(i)         offer for sale, sell, pledge or otherwise dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the disposition by any person at any time in the future of) any of the Lock-Up Shares;
 
(ii)        enter into any swap or other derivatives transaction that transfers to another, in whole or in part, any of the economic benefits or risks of ownership of the Lock-Up Shares, whether any such transaction is to be settled by delivery of shares of Common Stock or other securities, in cash or otherwise; or
 
(iii)       publicly disclose the intention to do any of the foregoing.
 
(a)        The restrictions on the actions set forth in clauses (i) through (iii) above shall expire with respect to 25% of the Lock-Up Shares on the nine (9) month anniversary of the Closing Date. Furthermore, such restrictions shall not apply to: (i) transfers of the Lock-Up Shares as a bona fide gift; (ii) transfers of shares of the Lock-Up Shares to any trust, partnership, limited liability company or other entity for the direct or indirect benefit of the undersigned or the immediate family of the undersigned; (iii) transfers of the Lock-Up Shares to any beneficiary of the undersigned pursuant to a will, trust instrument or other testamentary document or applicable laws of descent; (iv) transfers of the Lock-Up Shares to the Company by way of repurchase or redemption; (v) transfers of the Lock-Up Shares to any Affiliate of the Buyer; (vi) transfers of the Lock-Up Shares by the undersigned that are in compliance with applicable federal and state securities laws; or (vii) transfer of the Lock-Up Shares by the Consultant pursuant to an underwritten secondary offering provided that, in the case of any transfer or distribution pursuant to clause (i), (ii), (iii), (v) or (vi) above, each donee, distributee or transferee shall sign and deliver to the Company, prior to such transfer, a lock-up agreement which contains the clauses substantially in the form set forth in this Section 4(c). For purposes of this Agreement, "immediate family" shall mean any relationship by blood, marriage, domestic partnership or adoption, not more remote than first cousin.
 
(b)        Right to Decline Transfer. Williams authorizes the Company and its transfer agent on its behalf (a) to decline to register any transfer of securities if such transfer would constitute a violation or breach of this Agreement and (b) to imprint on any certificate representing shares of the Lock-Up Shares a legend describing the restrictions contained herein.
 
	 
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7. Non-Solicitation. For a period of twelve (12) months from the Effective Date (the "Non-Solicitation Period"), Williams will not directly or indirectly, on Williams' own behalf or in the service or on behalf of others, in any capacity induce or attempt to induce any officer, director, or employee to leave CSA.
 
8.  No Guaranty by Williams / Indemnification of Williams. CSA Holdings and CSA agree to remove and/or replace Williams as guarantor, personal or otherwise, as to any and all contracts, debts liabilities of CSA Holdings or CSA, past, present or future, including but not limited to any leases, promissory notes, loans, lines of credit or other commercial instrument (collectively "Company Liabilities"). Such removal or replacement shall be completed on or before September 1, 2016. CSA Holdings and CSA shall fully indemnify, hold harmless and defend Williams from and against all claims, demands, actions, suits, damages, liabilities, losses, settlements, judgments, costs and expenses (including but not limited to reasonable attorney's fees and costs), whether or not involving a third party claim, which arise out of or relate to Company Liabilities. This Section 8 of this Agreement does not apply or relate to any liability arising from or related to the IRS Matter, as defined and discussed above.
 
9. Confidentiality. The Parties agree that the terms of this Agreement are confidential, and that they will not disclose any information concerning this Agreement to anyone other than a tax advisor, accountant, attorney, or any others within a confidential relationship as is appropriate, or if compelled by order of court from a court of competent jurisdiction.
 
10. Breach of Confidentiality Provision. The Parties understand and agree that a violation of paragraph 8 (Confidentiality) of this Agreement may lead to injunctive relief, and that any action brought to enforce the terms of paragraph 8 shall entitle the enforcing party to reimbursement of all reasonable costs and attorney fees, along with any other available remedy, depending on the nature and extent of harm.
 
11. Mutual Non-Disparagement. Williams and CSA Holdings and CSA mutually agree to forbear from making, causing to be made, publishing, ratifying or endorsing any and all disparaging remarks, derogatory statements or comments made to any party with respect to either of them. Further, the parties hereto agree to forbear from making any public or non-confidential statement with respect to any claim or complaint against either party without the mutual consent of each of them, to be given in advance of any such statement unless such public disclosure is required by applicable securities law.
 
12. No Admission. Nothing contained anywhere this Agreement shall be construed or interpreted as an admission of liability, or statement against interest, by any party hereto. 
 
13. Succession and Assignment. No party hereto may assign any of his or its rights or obligations hereunder, by operation of law or otherwise, without the prior written approval of the other Party to this Agreement. This Agreement shall be binding upon and inure to the benefit of each of the Parties hereto and their respective successors, permitted assigns, estates, heirs, executors and personal representatives.
 
	 
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14. Tax Liabilities. The Parties have made no representations of any kind to one another regarding the tax consequences of this Agreement, if any, and each party agrees to be solely responsible for any taxes which may be due from them as a result of this Agreement. 
 
15. Amendments. This Agreement may be modified, amended, or any provision hereof waived, only by a written instrument signed by each Party hereto. 
 
16. Choice of Counsel. Each Party hereto represents that he or it has had the opportunity to retain counsel of his or its own choosing in connection with this Agreement; that he or it has carefully read and fully understands all the provisions of this Agreement; and that he or it is freely and voluntarily entering into this Agreement with the advice of his or its own and independent legal counsel, if he or it so chooses to obtain counsel. 
 
17. Integration. This Agreement constitutes the complete understanding between the Parties with respect to the subject matter hereof, and no other promises or agreements about the subject matter hereof shall be binding on the Parties unless in a writing signed by all of the Parties hereto or thereto.
 
18. Choice of Law; Jurisdiction and Venue. This Agreement will be governed by and construed and enforced in accordance with the law (without giving effect to the law governing the principles of conflicts of law) of the State of Colorado. The Parties hereto agree that any claims, controversies or disputes associated with, or arising out of this Agreement, shall only be instituted, prosecuted and/or defended in a state court of competent jurisdiction, and the Parties irrevocably submit to the exclusive jurisdiction of said courts and waive any rights to object to or challenge the appropriateness of said forums for any such claims, controversies or disputes.
 
19. Expenses. Except as provided in paragraphs 10 and 20, each Party hereto shall pay his or its own fees and expenses (including the fees of any attorneys, accountants or others engaged by such Party) incurred in connection with this Agreement and/or any conditions precedent or related transactions contemplated herein.
 
	 
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20. Attorneys' Fees. In the event of any action, proceeding or litigation between or among any of the Parties in connection with the interpretation of any of the provisions of this Agreement or the enforcement of any of its terms, a court of competent jurisdiction shall award the prevailing party (and/or prevailing parties, as applicable), in addition to any other award of damage or other remedy, his and/or its reasonable attorneys' fees, costs and expenses incurred in connection with and/or as part of, any such action, proceeding or litigation.
 
21. Severability. In the event that any term or provision hereof is declared by a court of competent jurisdiction to be illegal or invalid for any reason whatsoever, such illegality and invalidity shall not affect the balance of the terms and provisions hereof, which terms and provisions shall remain binding and enforceable.
 
22. Construction. The section and paragraph headings appearing in this Agreement have been inserted for the purpose of convenience and ready reference. They do not purport to, and should not be deemed to define, limit, or extend the scope or intent of any section or paragraph. This Agreement has been negotiated by the Parties, and legal or equitable principles that might require the construction of this Agreement or any provision of this Agreement against the party drafting this Agreement will not apply in any construction or interpretation of this Agreement. 
 
23. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an original, and any and all such executed counterparts shall constitute a single agreement binding on the Parties hereto. Facsimile signatures shall be deemed valid as if they were originals.
 
[Remainder of page intentionally left blank – signature page(s) follow]
 
	 
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            IN WITNESS WHEREOF, the Parties hereto have executed, agreed to and accepted this Settlement Agreement, to be effective as of the Effective Date:
 
	 	CSA Holdings, Inc., a Nevada Corporation. 	
	 	 	 	 
		By:	/s/Tom Siciliano	
	 
	Name: 
	Tom Siciliano	 
	 	Title: 	COO	 

 
		CSA, LLC, a Colorado limited liability company	
	 	 	 	 
		By:	/s/Tom Siciliano	
	 
	Name: 
	Tom Siciliano	 
	 	Title: 	COO	 

 
		Daniel Williams, individually 	
	 	 	 	 
		By:	/s/Daniel Williams 	
	 
	 
	Daniel Williams	 

 
	 
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Exhibit A
 
Stock Purchase Agreements 
 
(Attached.)
 
 
	8

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