Document:

Exhibit 10.1

 

AGREEMENT FOR ASSIGNMENT OF 

 

PARTNERSHP INTEREST IN CRESCENT VALLEY
PARTNERS, L.P.

 

THIS AGREEMENT FOR ASSIGNMENT OF PARTNERSHIP
INTEREST IN CRESCENT VALLEY PARTNERS, L.P. (this “Agreement”) is made on [●] (the “Agreement
Date”), to be effective as of January 1, 2014 (the “Effective Date”), by and between [●] (“Assignor”),
and DENVER MINING FINANCE COMPANY, INC., a Colorado corporation (“Assignee”).

 

		A.	Assignor is a limited partner of Crescent
                                         Valley Partners, L.P., a Colorado limited partnership (“Partnership”),
                                         holding [●]% of the limited partner interests in Partnership (the “Partnership
                                         Interest”).

 

		B.	Assignee is the general partner of the Partnership, and also holds a limited partner interest in
the Partnership.

 

		C.	The principal asset of the Partnership is the 1.25% net value royalty (the “Royalty”)
payable under the Royalty Deed and Agreement, dated April 15, 1991, covering certain portions of Barrick’s Cortez gold mine
located in Lander County, Nevada (the “Project”) which Royalty is payable in cash or in gold.

 

		D.	Assignor wishes to sell and assign to Assignee, and Assignee wishes to purchase and assume from
Assignor, all right, title and interest of Assignor in and to the Partnership Interest from and after the Effective Date (the “Transaction”),
for aggregate consideration in the amount of $[●] (the “Purchase Price”); it being understood that
Assignor will not sell and assign, and Assignee will not purchase and assume, any interest of Assignor in cash or gold currently
held by the Partnership, or to be received by the Partnership, to the extent attributable to Royalty paid or payable on production
from the Project occurring prior to the Effective Date (in either case, “Remaining Cash or Gold”).

 

		E.	The parties enter into this Agreement in furtherance of the Transaction.

 

NOW, THEREFORE, in consideration of the
foregoing, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
agree as follows:

 

    	 

    	 

    

  

AGREEMENT

 

		1.	Assignment and Assumption.

 

Upon receipt of good funds in
the amount of the Purchase Price, Assignor hereby transfers, sells and assigns to Assignee, and Assignee hereby accepts, purchases
and assumes from Assignor, all of Assignor’s right, title and interest in and to the Partnership Interest, with effect as
of the Effective Date, and Assignor hereby assigns to Assignee, and Assignee hereby assumes from Assignor, all obligations and
liabilities associated with the Partnership Interest, effective as of the Effective Date, but only to the extent relating to periods
on and after the Effective Date; it being understood that Assignor shall retain (i) all right, title and interest in and
to any Remaining Cash or Gold associated with the Partnership Interest, and (ii) all liabilities and obligations associated with
the Partnership Interest to the extent arising or relating to periods prior to the Effective Date.

 

2.Payment.

 

The Purchase Price shall be
paid by wire transfer to the below bank account:

 

Bank:

 

ABA/Routing Number:

 

Account:

 

Reference:

 

		3.	Assignor’s Representations and Warranties.

 

As of the Agreement Date and
again as of the Effective Date, Assignor represents and warrants to Assignee as follows:

 

		a.	Assignor has full power and authority to enter into, deliver and perform this Agreement and the
Transaction.

 

		b.	This Agreement, constitutes the legally binding obligation of Assignor enforceable in accordance
with its terms.

 

		c.	Neither the execution and delivery of this Agreement, nor compliance by Assignor with the provisions
of this Agreement, will conflict with or result in a breach of, or a default under, any of the terms, conditions or provisions
of any other agreement or instrument to which Assignor is a party, or of any law or regulation applicable to Assignor.

 

		d.	There are no actions, suits, claims, proceedings, or investigations pending or threatened against
Assignor that could interfere with its ability to perform under this Agreement.

 

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		e.	Assignor owns, and hereby transfers to Assignee, good and marketable title in and to the Partnership
Interest, free and clear of any liens, claims and encumbrances of any type or nature whatsoever. Assignor has not previously transferred
or encumbered any of its right, title or interest in or to the Partnership Interest, or made any agreement to do so, and has no
knowledge that any other person or entity is claiming any interest in the Partnership Interest.

 

		f.	No consent or approval of any third party is required for Assignor to execute, deliver and perform
this Agreement or the Transaction.

 

		g.	The sole representations and warranties of Assignee
in respect of this Agreement and the Transaction are those EXPRESSLY set forth in Section 4. Other than the representations
and warranties of Assignee expressly set forth in Section 4, Assignor has not relied upon any statement, representation
or warranty of Assignee or its affiliates in connection with this Agreement OR the Transaction, and aSSIGNOR hereby waives all
representations and warranties that may be implied by law in respect of the same.

 

		4.	Assignee’s Representations and Warranties.

 

As of the Agreement Date and
again as of the Effective Date, Assignee represents and warrants to Assignor as follows:

 

		a.	Assignee has full corporate power and authority to enter into, deliver and perform this Agreement
and the Transaction.

 

		b.	This Agreement constitutes the legally binding obligation of Assignee enforceable in accordance
with its terms.

 

		c.	Neither the execution and delivery of this Agreement, nor compliance by Assignee with the provisions
of this Agreement, will conflict with or result in a breach of, or a default under, any of the terms, conditions or provisions
of any other agreement or instrument to which Assignee is a party, or of any law or regulation applicable to Assignee.

 

		d.	There are no actions, suits, claims, proceedings, or investigations pending or threatened against
Assignee that could interfere with its ability to perform under this Agreement.

 

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		e.	The sole representations and warranties of AssignOR
in respect of this Agreement and the Transaction are those EXPRESSLY SET forth in Section 3. Other than the representations
and warranties of AssignOR expressly set forth in Section 3, AssignEE has not relied upon any statement, representation
or warranty of AssignOR in connection with this Agreement OR the Transaction, and aSSIGNEE hereby waives all representations and
warranties that may be implied by law in respect of the same.

 

		5.	Reciprocal Indemnification.

 

From and after the Closing Date:

 

		a.	Assignor shall indemnify and hold harmless each of Assignee, its affiliates, representatives, successors
and permitted assigns, and their respective directors, officers and employees from and against any loss, claim, demand or liability
whatsoever (including any attorney’s fees or other costs of legal defense) at any time arising from or relating to Assignor’s
ownership of the Partnership Interest prior to the Effective Date.

 

		b.	Assignee shall indemnify and hold harmless each of Assignor, its affiliates, representatives, successors
and permitted assigns, and their respective directors, officers, managers, trustees, personal representatives, heirs and executors,
from and against any loss, claim, demand or liability whatsoever (including any attorney’s fees or other costs of legal defense)
at any time arising from or relating to Assignee’s ownership of the Partnership Interest from and after the Effective Date.

 

		6.	Taxes.

 

		a.	Assignor shall be responsible for and shall pay when due any and all (i) income, value-added, capital
gains, sales, property, or other taxes payable in respect of the sale and transfer of the Partnership Interest by Assignor to Assignee,
(ii) taxes based on or measured by Assignor’s ownership of, or income generated by, the Partnership Interest prior to the
Effective Date, and (iii) taxes associated with the sale, transfer, distribution or other handling of Remaining Cash or Gold by
or on behalf of Assignor.

 

		b.	Assignee shall be responsible for and shall pay when due any and all taxes based on or measured
by Assignee’s ownership of, or income generated by, the Partnership Interest from and after the Effective Date.

 

		7.	Confidentiality; Public Announcements.

 

This Agreement, the terms hereof,
and the non-public information contained herein, are confidential to the parties. Neither party shall make any public announcement
or other statement with respect to the existence or terms of this Agreement, nor any non-public information contained herein, except
to the extent required for compliance by such party with applicable laws or the rules of any applicable stock exchange; it being
understood that this Section 7 shall not prohibit Assignee from notifying the other partners in the Partnership
of its acquisition of the Partnership Interest from Assignor.

 

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		8.	Further Assurances.

 

From and after the Agreement
Date, each party shall execute and deliver all such other documents, and take such other actions, as may be reasonably required
to complete the Transaction and perform its other obligations hereunder.

 

		9.	Survival.

 

The representations and warranties
of the parties hereunder shall survive the Closing Date, and all obligations and liabilities of the parties hereunder that are
intended to survive the Closing Date shall so survive, in each such case for the duration of any applicable statute of limitations.

 

		10.	Notices.

 

All notices, requests, demands,
claims, and other communications required by or otherwise given under this Agreement (“Notices”) must be given
in writing. Any party may send a Notice to the other party using nationally recognized express courier, U.S. mail with receipt
requested, personal delivery, facsimile or email transmittal to the recipient party as set out below. All Notices shall be effective
and shall be deemed delivered if sent by personal delivery, courier, facsimile or email transmission on the date of delivery unless
such date is a Saturday, Sunday or U.S. national holiday on which mail service is suspended, in which case, such Notice shall be
deemed delivered on the next day that is not a Saturday, Sunday or U.S. national holiday on which mail service is suspended. The
parties addresses for Notice area as follows:

 

	If to Assignor	 	
        Denver Mining Finance Company, Inc.

        c/o Royal Gold, Inc.

        1660 Wynkoop Street, Suite 1000

        Denver, Colorado 80202

        Attention: General Counsel

        Fax: (303) 595-9385

        Email: bkirchhoff@royalgold.com

	 	 	 
	If to Assignee:	 	[●]

Fax: 

Email: 

 

Each party may change its contact
details for Notices by giving Notice of such change to the other party pursuant to this Section 10.

 

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		11.	Governing Law.

 

This Agreement shall be subject
to, and shall be construed in accordance with, the laws of the state of Colorado without regard to the conflicts of laws rules
thereof that would result in the application of the laws of another jurisdiction.

 

		12.	Rules of Construction.

 

As used herein, the singular
includes the plural, and the captions of the several paragraphs of this Agreement are for reference or convenience only, and shall
not affect the meaning or construction of the substantive provisions hereof.

 

		13.	Review.

 

Prior
to executing this Agreement, EAch party has REVIEWED THIS AGREEMENT and, in its discretion, has sought the advice of its independent
legal, tax, accounting and other advisors in respect hereof. No provision of this Agreement shall be construed against a party
for the reason that it was drafted by such party.

 

		14.	Complete Agreement; Amendment; Waiver.

 

This Agreement constitutes the
complete understanding of the parties with respect to the matters set forth herein and therein, and shall not be modified or amended
except by a subsequently-dated instrument that has been executed by both parties. No waiver by either party of any default, misrepresentation,
or breach of warranty or covenant hereunder, whether intentional or not, will be deemed to extend to any prior or subsequent default,
misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of any prior or
subsequent such occurrence.

 

		15.	Severability.

 

Any provision of this Agreement
which is prohibited or unenforceable under applicable law shall be ineffective to the extent of such prohibition or unenforceability
without invalidating the remaining provisions hereof.

 

		16.	Assignment.

 

Neither party shall assign any
right, benefit or interest or delegate any obligation or liability under this Agreement without the prior written consent of the
other party, which consent shall not be unreasonably withheld, conditioned or delayed.

 

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		17.	Successors and Assigns.

 

This Agreement shall enure to
the benefit of and be binding upon the parties and their respective successors and permitted assigns.

 

		18.	Counterpart Signatures; Electronic Signatures.

 

This Agreement may be executed
in counterparts, each of which, when executed, shall be deemed to be an original and both of which together shall be deemed to
be one and the same instrument. Electronic copies of signatures forwarded by fax, electronic mail or other means shall be deemed
originals for all purposes hereunder.

 

[Signatures follow on next page.]

 

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IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date first appearing above, to be effective as of January 1, 2014.

 

	ASSIGNOR	 
	 	 
	 	 

 

ASSIGNEE

 

DENVER MINING FINANCE COMPANY, INC.

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

    	8Exhibit 10.1

 

BAXANO SURGICAL, INC. 

 

TERMS OF 2014 RESTRICTED STOCK UNIT (RSU)
RETENTION PROGRAM

 

	Goals:	
        ·Provide
        a collective retention plan via the use of RSUs for all key managers and individual contributors given underwater status of almost
        all outstanding stock options

        ·Focus
        on near-term performance in addition to retention in order to minimize risk of losing key talent

         

	
        Pool of Available Shares

 Underlying RSUs:

         
	3,055,997 shares to be issued pursuant to the 2007 Stock Incentive Plan
	Eligible Employees:	
        All executives and management and key individual contributors,
        as determined by the CEO with input from his executive team and as approved by the Compensation Committee

         

	Award Amount:	
        A number of stock-settled RSUs reflecting 1x current salary
        at target value of $3.00 per share of common stock (i.e., current salary/$3.00), rounded up or down to the nearest whole RSU

         

	Basis of Award Vesting:	
        ·75%
        time-based, rounded up to the nearest whole RSU

        ·25%
        performance-based, rounded down to the nearest whole RSU

         

	Time-based Award Vesting:	
        ·25%
        vests on first anniversary of grant date, rounded up or down to the nearest whole RSU

        ·37.5%
        vests on second and third anniversaries of grant date, rounded up or down to the nearest whole RSU

         

	Performance-based Award

 Vesting:	
        100% vests upon the achievement of a 30% increase in company
        revenue year-over-year for two successive quarters by the end of fiscal 2016

         

	Grant date:	
        The date on which the Compensation Committee approves the RSU
        awards

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