Document:

ASSIGNMENT
AND ASSUMPTION AGREEMENT

 

THIS
ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) is executed and delivered effective as of March 22,
2018 (the “Effective Date”) by and among Gold Torrent, Inc., a Nevada corporation (“GTOR US”),
Gold Torrent (Canada) Inc., a British Columbia corporation (“GTOR Canada”), and CRH Mezzanine Pte. Ltd. (“Holder”).
Capitalized terms not defined in this Agreement but used herein shall have the meanings given such terms in a certain Convertible
Preferred Note Purchase and Investment Agreement (the “Securities Purchase Agreement”) dated February 13, 2017
among Holder, CRH Funding II Pte. Ltd. and GTOR US.

 

WHEREAS,
pursuant to the Securities Purchase Agreement, GTOR US issued to Holder a certain Series A Share Purchase Warrant (the “Warrant”)
dated February 13, 2017;

 

WHEREAS,
pursuant to the Securities Purchase Agreement, GTOR US entered into an Investor Rights Agreement dated February 13, 2017 with
the Holder (the “IR Agreement”);

 

WHEREAS,
GTOR US entered into a certain Agreement and Plan of Merger (the “Merger Agreement”) dated October 19, 2017
by and among GTOR US, GTOR Canada, and GTOR US Merger Co., a Nevada corporation, pursuant to which all outstanding shares of common
stock of GTOR US were converted into common shares in GTOR Canada on a one-for-one basis and GTOR US became a wholly-owned subsidiary
of GTOR Canada (the “Redomicile Transaction”); and

 

WHEREAS,
in connection with the Redomicile Transaction, GTOR US intends to assign its obligations under the Warrant and the IR Agreement
to GTOR Canada pursuant to the terms of this Agreement.

 

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

 

	 	1.	Warrant.

 

	 	a.	As
    a result of the Redomicile Transaction, (i) GTOR US assigns to GTOR Canada, and GTOR Canada assumes, all of the obligations
    of GTOR US under the Warrant; and (ii) GTOR Canada shall succeed to and be substituted for and may exercise every right and
    power of GTOR US and shall assume all of the obligations of GTOR US under the Warrant with the same effect as if GTOR Canada
    had originally been a party to the Warrant in GTOR US’s stead.
	 	 	 
	 	b.	From
    and after the Effective Date, the provisions of the Warrant (including the Notice of Exercise attached thereto) referring
    to GTOR US (as “Company” or otherwise) shall refer instead to GTOR Canada.

 

    	 

     

    

 

	 	c.	Holder
    acknowledges that the Redomicile Transaction is a Fundamental Transaction (as defined in the Warrant) and that this Agreement
    fulfills GTOR US’s obligations under Section 3(e) of the Warrant in connection with the occurrence of a Fundamental
    Transaction.

 

	 	2.	Investor
    Rights Agreement.

 

	 	a.	As
    a result of the Redomicile Transaction, (i) GTOR US assigns to GTOR Canada, and GTOR Canada assumes, all of the obligations
    of GTOR US under the IR Agreement; and (ii) GTOR Canada shall succeed to and be substituted for and may exercise every right
    and power of GTOR US and shall assume all of the obligations of GTOR US under the IR Agreement with the same effect as if
    GTOR Canada had originally been a party to the IR Agreement in GTOR US’s stead.
	 	 	 
	 	b.	From
    and after the Effective Date, the provisions of the IR Agreement referring to GTOR US (as “Company” or otherwise)
    shall refer instead to GTOR Canada.

 

	 	3.	Representations
    and Warranties. Each of GTOR US and GTOR Canada represents, warrants and covenants as follows: (a) each entity is
    a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction under which it is organized;
    and (b) each entity and each of its affiliates have all requisite corporate power and authority to (i) execute and deliver
    this Agreement and each document contemplated herein to which it is a party and to perform its obligations hereunder and thereunder,
    (ii) guarantee the obligations as contemplated in the Guarantee and (iii) grant the security interests and pledge its interest
    in the Collateral as contemplated in the Security Agreement.
	 	 	 
	 	4.	GTOR
    Canada Covenants. GTOR Canada covenants that, during the period the Warrant is outstanding, (a) it will reserve from
    its authorized and unissued shares of common capital stock (the “Common Shares”) a sufficient number of
    shares to provide for the issuance of the Common Shares upon the exercise of any purchase rights under the Warrant, each as
    applicable; (b) it will take all such reasonable action as may be necessary to assure that such Common Shares may be issued
    as provided herein without violation of any applicable law or regulation, or of any requirements of the trading markets upon
    which the Common Shares may be listed; and (c) all Common shares which may be issued upon the exercise of any purchase rights
    under the Warrant in accordance with its terms, will be duly authorized, validly issued, fully paid and nonassessable and
    free from all taxes, liens and charges created by GTOR Canada in respect of the issue thereof (other than taxes in respect
    of any transfer occurring contemporaneously with such issue).
	 	 	 
	 	5.	Governing
    Law; Jurisdiction; Waiver of Jury Trial. The governing law, consent to jurisdiction and waiver of jury trial provisions
    set forth in the Securities Purchase Agreement, Warrant and/or IR Agreement are incorporated herein by reference and shall
    govern this Agreement with respect to those issues and provisions.
	 	 	 
	 	6.	Counterparts.
    This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall
    be deemed to be one and the same agreement. A signed copy of this Agreement delivered by DocuSign, facsimile, email or other
    means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this
    Agreement.

 

[Signature
page follows]

 

    	 	2	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Assignment and Assumption Agreement to be duly executed as of the
day and year first set forth above.

 

	GTOR
    US:	GOLD TORRENT, INC.
	 	 	 
	 	By:	/s/
    Daniel Kunz
	 	 	Daniel
    Kunz, Chief Executive Officer

 

	GTOR
    CANADA:	GOLD TORRENT (CANADA) INC.
	 	 	 
	 	By:	/s/
    Daniel Kunz
	 	 	Daniel
    Kunz, Chief Executive Officer

 

 

	HOLDER:	CRH MEZZANINE PTE. LTD
	 	 	 
	 	By:	/s/
    Andrew Wehrley
	 	 	Andrew
    Wehrley, Director

 

[Signature page to Assignment and Assumption
Agreement]ALLONGE

 

THIS
ALLONGE is made and entered into as of March 22, 2018 and is affixed to and amends the terms of that certain Secured Convertible
Preferred Note dated February 13, 2017, executed by Gold Torrent, Inc., a Nevada corporation (“GTOR US”), in
favor of CRH Mezzanine Pte. Ltd., or its designee (“Holder”), in the original principal amount of US$2,000,000
(as may be amended, restated or modified from time to time, the “Note”).

 

WHEREAS,
GTOR US entered into a certain Agreement and Plan of Merger (the “Merger Agreement”) dated October 19, 2017,
by and among GTOR US, Gold Torrent (Canada) Inc., a British Columbia corporation (“GTOR Canada”) and GTOR US
Merger Co., a Nevada corporation, pursuant to which all outstanding shares of common stock of GTOR US were converted into common
shares in GTOR Canada on a one-for-one basis and GTOR US became a wholly-owned subsidiary of GTOR Canada (the “Redomicile
Transaction”); and

 

WHEREAS,
in connection with the Redomicile Transaction, Holder, GTOR US and GTOR Canada intend to execute this Allonge to make GTOR Canada
an obligor under the Note and to be fully liable for all obligations thereunder.

 

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

 

1.
GTOR Canada to Be Primary Obligor Under Note; Conversion. As a result of the Redomicile Transaction, (a) GTOR Canada
agrees to be, and by its execution of this Allonge is deemed to be, a primary obligor under the Note, jointly and severally liable
with GTOR US for the full amount of the Indebtedness owed to Holder under the Note; (b) GTOR Canada may exercise every right and
power of GTOR US and shall assume all of the obligations of GTOR US under the Note with the same effect as if GTOR Canada had
originally been a party to the Note; (c) except for applicable references of GTOR US in connection with the “Security Agreement”
(as defined in the Note), the provisions of the Note referring to GTOR US (as “Company” or otherwise) shall refer
instead to GTOR Canada; and (d) the provisions in the Note relating to conversion of the Note or any Indebtedness thereunder for
stock, shares or other equity interests of GTOR US shall refer instead to GTOR Canada and its stock, shares or other equity interests.
For the avoidance of doubt, GTOR US is not released of any Obligations under the Note but is jointly and severally liable with
GTOR Canada for such Obligations.

 

2.
Other Terms Unchanged. Except as set forth herein, all other terms and provisions of the Note remain unchanged.

 

3.
Counterparts. This Allonge may be executed in counterparts, each of which shall be deemed an original, but all of
which together shall be deemed to be one and the same agreement.

 

[Signature
Page Follows]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Allonge to be duly executed as of the day and year first set forth
above.

 

	 	GOLD
    TORRENT (CANADA) INC.
	 	 	 
	 	By:	/s/
    Daniel Kunz
	 	 	Daniel
    Kunz, Chief Executive Officer

 

	Consented
    to By:	 
	 	 
	GOLD
    TORRENT, INC.	 
	 	 	 
	By:	/s/
    Daniel Kunz	 
	 	Daniel
    Kunz, Chief Executive Officer	 

 

	Acknowledged
    and accepted:	 
	 	 	 
	CRH
    MEZZANINE PTE. LTD.	 
	 	 
	By:	/s/
    Andrew Wehrley	 
	 	Andrew
    Wehrley, Director	 

 

[Signature page to Allonge]

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