Document:

exv10w1

Exhibit 10.1

TWO-WAY METALS LEASE AGREEMENT

This Metals Lease Agreement made and entered into this 12th day of December, 2008 apply to leases
(each a “Lease”) of Gold (“Metal”) between COEUR D’ALENE MINES CORPORATION, a corporation organized
and existing under the laws of State of Idaho and located at 505 Front Avenue, Coeur d’Alene, ID
83814 (“Coeur”), and Mitsubishi International Corporation, a corporation organized and existing
under the laws of New York and located at 655 Third Avenue, New York, NY 10017 (“MIC”). The lessor
of the Metal is referred to as the “Lessor” and the lessee of the Metal is referred to as the
“Lessee”.

1. TERMS OF LEASE

1.1 Lessor and Lessee

Lessor and Lessee may from time to time enter into Leases for the Metal between themselves pursuant
to which Lessor will lease to Lessee quantities of the Metal at any location mutually agreed;
provided, however, that nothing in this Agreement shall be construed as obligating either party to
enter into any Lease.

1.2 A legally binding Lease shall be deemed to exist from the moment the parties agree on its
essential terms, which agreement shall be set forth in a written confirmation of lease terms signed
by both parties (each a “Confirmation”). A Confirmation may be executed by means of the exchange
of signed counterparts of the Confirmation by facsimile transmission. In the case of a
Confirmation being executed by facsimile transmission, as soon as practicable after such
transmission, MIC shall send two (2) signed counterparts of the Confirmation to Coeur, and Coeur
shall sign and return one copy of the Confirmation to MIC; provided, however, that the failure by
either party to deliver signed hard copies after the facsimile transmissions shall not effect the
validity of the Lease.

1.3 The Confirmation for each Lease shall be in the form of Exhibit I attached hereto and shall
include:

(i) The name and address of lessee (“Lessee”) and lessor (“Lessor”) of the Metal;

(ii) The type, fineness, and (if appropriate) brand of Metal;

(iii) The quantity of Metal being leased in troy ounces (the “Quantity”);

(iv) The lease term, which shall be equal to the number of days the Metal is being leased,
and shall include the date of delivery to the Lessee but not the date of return to the
Lessor (“the Lease Term”);

(v) An annual percentage lease rate agreed upon by the parties (the “Lease Rate”);

 

 

(vi) The fee the Lessee is obligated to pay over the course of the Lease (the “Lease Fee”)
on the maturity date of the lease in accordance with Paragraph 3.1. The Lease Fee shall
equal (A) the Quantity, multiplied by (B) the London PM fix of one (1) troy ounce of the
Metal on the date of the Confirmation, unless otherwise agreed to in
writing by the parties ("Valuation Price"), multiplied by (C) the Lease Rate, multiplied by (D) the Lease Term divided by (E) three hundred sixty (360) days;

(vii) The delivery and redelivery locations; and

(viii) Such other terms and conditions as the parties may agree.

1.4 In the event of a conflict between a Confirmation and this Agreement, the Confirmation shall
govern with respect to the relevant Lease, unless the Confirmation expressly states that it is
intended to supersede such paragraphs.

2. DELIVERY AND RETURN OF METAL

All Metals leased hereunder shall be released to Lessee at the location set out in the relevant
Confirmation on the commencement date of the applicable Lease. Upon the scheduled or earlier
termination of the Lease, the Lessee shall immediately return at the Lessee’s cost, risk and
expense, the Metal leased hereunder or metal of equivalent quantity and quality to the same
location; provided, that in lieu of any amount of the Metal leased hereunder required to be
so returned, the Lessee will be allowed to deliver silver in the quantity determined based upon
relative spot values of silver and gold as determined by the Lessor and agreed by the Lessee.

3. PAYMENT OF LEASE FEES

3.1 Unless the parties agree otherwise, the Lessee shall pay to the Lessor a Lease Fee for each
Lease on the maturity date of the lease, calculated as set forth in Section 1.3.

3.2 All payments shall be made in immediately available funds to the bank account designated by the
party to which payment is due.

4 RESPONSIBILITIES OF THE PARTIES

4.1 The Lessee shall be responsible for, and agrees to indemnify and hold harmless the Lessor
against, any liability, claim, or expense relating to any Metal leased hereunder or the use
thereof, including, without limitation, any products, environmental, or toxic waste liability
claims.

4.2 The Lessee shall be responsible for all risk of loss, damage or disappearance from any cause
whatsoever of or with respect to any Metal leased hereunder from the time delivered by the Lessor
until it is returned to the Lessor. The Lessee will arrange and maintain insurance coverage on the
Metal in such amounts but for no less than the value of the same and covering such risks as is
usually carried by companies 

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engaged in a similar business and the Lessee shall as soon as
reasonably practicable deliver to the Lessor a copy of all policies for such insurance, together
with a certificate of insurance issued by and insurer reasonably acceptable to Lessor naming Lessor
as an additional insured and loss payee.

4.3 The Lessor shall all times retain title to the Metal on Lease unless and until the Lessor
agrees otherwise in writing.

4.4 The Lessee warrants that upon return of leased Metal to the Lessor, the Lessor shall have good
and marketable title to the Metal, free and clear of all liens, pledges, mortgages, encumbrances,
easements, charges, claims, restrictions, purchase options, and/or agreements limiting the use or
transfer of such Metal.

4.5 Each party warrants that the Metal delivered or returned by such party pursuant to each Lease
hereunder shall be of the type, fineness, and (if specified) brand agreed to in the Confirmation of
such Lease. THE PARTIES MAKE NO OTHER WARRANTIES, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT
LIMITED TO, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

4.6 The Lessor shall not be responsible for the Lessee’s use of Metal leased hereunder. Neither
party shall be liable for any consequential, incidental, or special damages resulting from the
transactions.

5. CREDIT / SECURITY INTEREST

5.1 Both parties acknowledge that this is a true Lease in which Lessor retains title and settlement
by return of the Metal leased hereunder is contemplated. Notwithstanding the foregoing, the Lessee
hereby grants the Lessor a security interest in all Metal delivered pursuant to this Agreement in
any physical or chemical state and any proceeds of sale, disposition, or destruction thereof until
all required Metal is returned to the Lessor. The Lessor is hereby authorized to file any and all
appropriate UCC financing statements, with or without Lessee having executed such filing. The
Lessee shall execute, acknowledge and deliver to the Lessor all appropriate instruments of
conveyance and other documents reasonably required by the Lessor, and will take such other actions
and execute such other documents, certifications, and further assurances as the Lessor may
reasonably require in order to vest more effectively in the Lessor, or to put the Lessor more fully
in possession of, such Metal, or otherwise to protect Lessor’s interests in the Metal. The Lessee
shall take all reasonable actions not to prejudice the Lessor’s security interest in, and shall
take such other actions as the Lessor may reasonably require to protect, the Metal in the Lessee’s
possession.

5.2 To secure the payment or performance of the present and future indebtedness and liability of
the Lessee to the Lessor hereunder, the Lessee agrees hereby to grant a first priority security
interest to the Lessor in specified collateral (the “Collateral”) set forth in the Collateral
Agreement agreed between the parties (“Collateral 

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Agreement”). The Lessor is hereby authorized to
file any and all appropriate financing statements, with or without Lessee having executed such
filing. The Lessee shall execute, acknowledge and deliver to the Lessor all appropriate
instruments of conveyance and other documents reasonably required by the Lessor, and will take such
other actions and execute such other documents, certifications, and further assurances as the
Lessor may require in order to vest more effectively in the Lessor such the Collateral, or
otherwise to protect Lessor’s interests in the Collateral. The Lessee shall take all reasonable
actions not to prejudice the Lessor’s security interest in, and shall take such other actions as
the Lessor may reasonably require to protect, the Collateral.

5.3 If sufficient credit has not been established with the Lessor’s credit department, the Lessor
may, in addition to the security interest granted by the Lessee under the Section 5.1 and 5.2,
require security, either in the form of prepayment or a standby irrevocable bank letter of credit,
or any other form of security, as the Lessor may determine in its sole and unencumbered discretion.
Any letter of credit must be opened in a format and by a bank acceptable to the Lessor.

5.4 If the Lessor’s requirements as to security are not satisfied within the time limits specified
by the Lessor, the Lessor shall have the option of canceling the Lease and/or proceeding against
the Lessee for damages occasioned by the Lessee’s failure to perform. The Lessor hereby reserves
the right in its absolute discretion to revise the credit terms applicable to the Lessee, and to
call for such further security as the Lessor deems necessary.

6. CEILING DOLLAR VALUE

6.1 “Ceiling Dollar Value” means the sum of $13 million plus the value of Manquiri Collateral as
defined and calculated under the Collateral Agreement.

6.2 Lessor and Lesee agree that if at any time the aggregate value of the Metal on lease hereunder
(as reasonably determined by the Lessor) should exceed the Ceiling Dollar Value, then the Lessor
may at its option, by notice to the Lessee, require that by the end of the business day immediately
following the day upon which such notice is given, the Lessee either:

	 	(i)	 	re-deliver to the Lessor a portion of the Metals sufficient to reduce the aggregate value
of the leased Metal to the Ceiling Dollar Value; or

	 	(ii)	 	purchase from the Lessor, at the Lessor’s quoted price, quantity of the Metals
sufficient to reduce the aggregate value of the leased Metal to the Ceiling Dollar
Value; or

	 	(iii)	 	deposit, by wire transfer, funds equal to the dollar value of the leased Metal
in excess of the Ceiling Dollar Value (the “Excess Funds”) into a margin account
established with the Lessor, which will pay interest to the Lessee at a rate based on
the average of the federal funds rate

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	 	 	 	during the period from the date of the first
deposit of the Excess Funds to the date of the withdrawal of the Excess Funds. Upon
the reduction of the aggregate value of the leased Metal to the Ceiling Dollar Value,
Lessor shall immediately return the Excess Funds to Lessee.

7. LEASEBACK

Where MIC is the Lessor in respect of any Lease, the Lessee will have the right to enter into one
or more Leases (each a “Leaseback”) under this Agreement as Lessor pursuant to a further
Confirmation and subject to the following terms and limitations:

	 	(i)	 	the location shall be the same as in the original Lease from MIC as Lessor;

	 	(ii)	 	the quantity shall not exceed, in aggregate with any other Leasebacks, that of
the original Lease from MIC as Lessor;

	 	(iii)	 	the date of delivery shall be at least five Business Days prior to the date of
return under the original Lease from MIC as Lessor;

	 	(iv)	 	the date of return shall be the same as the date of return under the original
Lease from MIC as Lessor.

8. DEFAULT

8.1 The parties recognize and agree that each transaction under this Agreement is a “forward
contract” within the meaning of 11 U.S.C. 101(25). The following shall each constitute an “event
of default” by the relevant party: the relevant party and/or any guarantor of such party (a
“non-performing party”; the opposite party is sometimes referred to in this Section 8 as the
“performing party”) shall (i) default in the payment or performance of any material obligation to
the other party under this Agreement, any Confirmation, or the Collateral Agreement and such
default is not cured within three (3) business days of notice of such default to the non-performing
party; (ii) file a petition or otherwise commence any proceeding under any bankruptcy, insolvency,
reorganization or similar law for the protection of creditors or have any such petition filed or
proceeding commenced against it; (iii) otherwise become bankrupt or insolvent (however evidenced);
(iv) be unable to pay its debts as they fall due; (v) have an administrator, receiver, liquidator
or other officer appointed over it or any of its assets, (vi) merge or become consolidated with any
other entity or transfer, by any means, all or substantially all of its assets to another entity if
the creditworthiness of the resulting, surviving or transferee entity is materially weaker than
that of the non-performing party immediately prior to such action as reasonably determined by the
performing party; (vii) fail to give adequate security for, or evidence of, its ability to perform
its obligations under this Agreement, any Confirmation, or the Collateral Agreement within two
business days of any request therefor in accordance with this Agreement or any reasonable request
therefor from the performing party; or (viii) disaffirm, disclaim, repudiate or reject, in whole or
in part, or challenge the validity of any guarantee issued in respect of such party.

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8.2 Upon the occurrence of an event of default, the performing party shall, in addition to all
other rights and remedies available to it, have the right immediately to terminate the relevant
Leases by notice in writing to the non-performing party. Where the Lessee is the non-performing
party, the Lessor shall decide in its absolute discretion and inform the Lessee whether the Lessee
shall be required to immediately return the Leased Material to the Lessor or to immediately pay to
the Lessor its then market value (as determined by the Lessor in its absolute discretion based upon the current market price for the
relevant metal). Where the Lessee is the non-performing party, the Lessee shall in addition pay to
Lessor any accrued Lease Fees (pro-rated to the date of termination of any Lease). In the case of
an event of default described in sub-sections 8.1(ii) through to (viii) above, the performing party
and its affiliates shall, in their sole discretion, have the further right to terminate all other
outstanding transactions with the non-performing party by notice in writing to the non-performing
party.

8.3 The performing party and its affiliates shall determine and notify the non-performing party of
their aggregate loss resulting from any breach of any transaction hereunder by calculating the
difference, if any, between the price specified in each liquidated transaction and the market price
as of the date of liquidation for the relevant Metal or Metals that the non-performing party has
failed to return or deliver to the performing party. The non-performing party shall pay such
amount to the performing party and its affiliates in full within five business days of such notice
being given, with interest at a rate per annum equal to the greater of nine (9) per cent or LIBOR
plus four (4) per cent (with LIBOR quoted on the first London banking day after the date of
termination).

8.4 The performing party and its affiliates may, in their sole discretion, aggregate, net and set
off amounts which they owe to the non-performing party against any amounts which the non-performing
party owes one or more of them under any transaction or otherwise, whether or not then due, so that
all such amounts are aggregated and netted to a single liquidated amount (the “net liquidation
payment”). For the purpose of any such calculation, the performing party and its affiliates may
convert amounts denominated in any other currency at such rate prevailing at the time of the
calculation as it shall reasonably select. If the calculation of the net liquidation payment
results in an amount payable by the performing party or its affiliates, the net liquidation payment
shall be paid to the non-performing party after deduction of reasonable costs and expenses incurred
by the performing party as a result of the non-performing party’s default. The performing party
and/or its affiliates shall notify the non-performing party of the amount of the net liquidation payment and the party owing such payment shall pay the net
liquidation payment in full to the other party within five business days of such notice, which
amount shall bear interest at a rate per annum equal to the greater of nine (9) per cent or LIBOR
plus four (4) per cent (with LIBOR quoted on the first London banking day after the applicable date
of termination).

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8.5 The non-performing party shall further indemnify and hold the performing party and its
affiliates harmless from any other losses, damages, cost and expenses including reasonable
attorney’s fees, incurred in connection with an event of default, termination or the exercise of
any remedies in relation thereto.

8.6 Notwithstanding any provision herein to the contrary, the performing party and its affiliates
shall not be required to pay to the non-performing party an amount due until the performing party
and its affiliates receive confirmation satisfactory to them, in their reasonable discretion, that
all obligations of any kind whatsoever of the non-performing party to make any payments to them
under this or any other contract have been or will be fully and finally performed; nor shall the
performing party or its affiliates be required to compensate the non-performing party for any
losses incurred by the non-performing party in connection with a default or termination hereunder.

8.7 The performing party’s and its affiliates’ rights under this provision shall be in addition to,
and not in limitation or exclusion of, any other rights which the performing party and/or its
affiliates may have (whether by agreement, operation or law or otherwise).

9. FORCE MAJEURE

9.1 “Force majeure” means an event which is beyond the control of a party and in which Metal
conforming to applicable form and purity specifications is not available from metals dealers and
not available on spot markets generally. Failure to pay or lack of funds, the availability of a
more attractive market or inefficiencies in operations do not constitute force majeure.

9.2 If a force majeure event prevents, inhibits or delays the performance under any Confirmation,
the party or parties whose performance is prevented, inhibited or delayed (the “declaring party”)
shall be relieved of any obligation or liability under this Agreement or any Confirmation to the
extent that such obligation or liability cannot be met because of such force majeure event, until
the expiration of a reasonable time after termination of such disability.

9.3 The declaring party agrees to notify the other party (the “non-declaring party”) of the
occurrence of the force majeure event as soon as possible including reasonably full particulars of
such force majeure event.

9.4 Notwithstanding the foregoing, if a force majeure event delays performance for a period of 30
days or more, the non-declaring party shall have the right to terminate any affected outstanding
Leases effective upon providing notice to the declaring party. In no event shall force majeure
entitle either party to suspend its obligations to make payments then due for products delivered
under a Confirmation.

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10. TAXES

10.1 Lessee shall be responsible for any value added, sales and use, property , withholding, state
excise and similar taxes (such taxes, “Covered Taxes”) due on any Metal leased hereunder, any Lease
or other transactions contemplated by this Agreement. In the event a Covered Tax is properly
assessed or levied by a governmental unit against Lessor with respect to any Metal leased
hereunder, any Lease or other transaction contemplated by this Agreement and Lessor pays such tax
to the governmental unit, Lessor shall add the amount of such tax to the fees payable pursuant to
the given transaction and Lessee is required to pay the amount of such tax to Lessor. In the event
that a Covered Tax is properly assessed or levied by a governmental unit against the Lessee with
the respect to any Lease or transaction contemplated by this Agreement, then Lessee shall timely
pay such taxes to the governmental unit. A Covered Tax is properly assessed or levied where the
plain language of the governing law provides for assessment or levy. Lessee agrees to indemnify
Lessor against all such Covered Taxes and any interest, penalties, or other similar charges that
may be imposed in connection with the Metal, Lease or transactions.

10.2 Each party shall use reasonable efforts to implement the provisions of and to administer this
agreement in accordance with their intent to minimize taxes, so long as neither party is materially
adversely affected by such efforts. To claim an exemption from payment of a Covered Tax, Lessor
shall provide a certificate of exemption or appropriate evidence of exemption from such Covered Tax
to the Lessee. Both parties agree to cooperate with each other in obtaining any exemption.

10.3 Notwithstanding any other provision in this Agreement, the Lease Fee shall be paid to Lessor
without any deduction or withholding for or on account of any Covered Taxes unless such deduction
or withholding is required by applicable law. If such deduction or withholding is required, then
Lessee shall (i) promptly notify Lessor of such requirement, (ii) promptly pay to the relevant
authorities the full amount required to be withheld or deducted and promptly forward to Lessor an
official receipt evidencing such payment to such authorities; and
(iii) promptly pay to Lessor such additional amount as may be necessary to ensure that the net amount
actually received by Lessor equals the full amount Lessor would have received had no such deduction
or withholding been required; provided that if the incurrence of such Covered Tax is attributable
to Lessor’s failure to provide a certification of exemption or appropriate evidence of exemption,
as required under Section 10.2 hereof, where such an exemption was available to Lessor, then Lessee
shall not be liable for such Covered Tax (whether by reimbursement, indemnification, gross-up or
otherwise) under this Agreement. The provisions of Sections 10.1, 10.2 and 10.3 shall not accrue
to the benefit of an assignee or transferee of Lessor unless such assignment or transfer was done
in compliance with Section 13.1.

11 ATTORNEY’S FEES

Each party shall be entitled to full indemnification from the other party of its reasonable
attorney’s fees and related reasonable costs/expenses (including expert

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witness fees, costs and
expenses) for any cause of action, claim or dispute arising out of or relating to this Agreement or
any Confirmation as to which such indemnified party prevails, whether in an arbitration, a court of
law, administrative proceeding, or through any other form of dispute resolution.

12. NOTICES

All notices, requests, and other communications hereunder shall be delivered or given by registered
mail, returned receipt requested, or by facsimile and deemed to have been given on the date
received (if delivered or sent by facsimile), or on the date stated in the return mail receipt if
sent by mail to the respective party’s address set forth below, and in any case to the attention of
the person or department indicated:

	 	 	 

	If to Coeur:

	 	Coeur d’Alene Mines Corporation
	 

	 	505 Front Avenue
	 

	 	Coeur d’Alene, ID 83814
	 

	 	Attn: Beth Druffel
	 

	 	Facsimile No: 208-667-2213
	 
	 	 
	If to MIC:

	 	Mitsubishi International Corporation
	 

	 	655 Third Avenue
	 

	 	New York, NY 10017
	 

	 	Attn: Manager, Precious Metals Department
	 

	 	Facsimile No.: 212-605-1936

Each party’s notice information may be changed by notice to the other party which shall only be
effective upon receipt.

13. GENERAL PROVISIONS

13.1 Neither party shall assign or transfer to any person any of its rights or obligations in
respect of this Agreement or any Confirmation without the prior written consent of the other party
(which consent shall not be unreasonably withheld or delayed).

13.2 Each party represents and warrants to the other party that (a) on the date hereof and at the
time it enters into a Lease, it possesses all power, authority, and applicable approvals (if any)
necessary for it to enter into this Agreement, and each Lease, (b) this Agreement constitutes the
valid and binding obligation of such party enforceable against it in accordance with the respective
terms thereof, and (c) the execution, delivery, and performance hereof will not cause such party to
be in violation of any law, regulation, order, or court process or decision to which it is a party
or by which it or its properties are bound or affected. Each representation and warranty set forth
above shall survive any delivery and payment under and termination of this Agreement.

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13.3 This Agreement and the rights or duties under this Agreement and each Confirmation may not be
assigned by either party in whole or in part without the prior written consent of the other party.
This Agreement is for the benefit of the parties hereto and their respective successors and
permitted assigns. No other persons or entity (including, without limitation, any customer of
either party) shall have any rights hereunder.

13.4 Time is of the essence in all aspects of each party’s performance hereunder.

13.5 This Agreement together with each Confirmation (a) constitutes the entire agreement between
the parties with respect to the subject matter hereof, (b) supersedes all prior agreements with
respect to the subject matter hereof, and (c) may not be amended, modified, or supplemented, except
by a writing signed by both parties or by facsimiles evidencing mutual agreement sent by each party
to the other. This Agreement supersedes all standard terms and conditions of trading of either
party, regardless of how denominated and whether or not the same are printed on one or more
Confirmations or sales or purchase orders relating thereto.

13.6 The failure of either party at any time to require performance by the other party of any
provision hereof shall in no way affect the full right to require such performance at any time
thereafter. The waiver by either party of a breach of any provision
hereof shall not constitute a waiver of the provision itself. The failure of either party to exercise its rights provided under
this Agreement shall not constitute a waiver of such right.

13.7 The paragraph headings in this Agreement are for the convenience of reference only and shall
not affect the construction or interpretation of any provision of this Agreement.

13.8 In the event that any provision (or portion of a provision) if this Agreement is declared to
be illegal, invalid, or otherwise unenforceable by a court of competent jurisdiction, the remainder
of this Agreement (and of such provision) shall not be affected except to the extent necessary to
delete such illegal, invalid, or unenforceable provision (or portion thereof), and the parties
shall negotiate in good faith to arrive at an alternative replacement provision approximating the
parties’ original business objective.

13.9 This Agreement and each Confirmation shall be governed by and construed in accordance with the
internal laws of the State of New York, USA, without giving effect to principles of conflicts of
law. The parties agree that any controversy or claim arising out of or relating to this Agreement,
or the breach hereof, shall be settled by arbitration conducted by the American Arbitration
Association in New York, New York, in accordance with the Commercial Arbitration Rules of the
American Arbitration Association. The award of the arbitrator(s) shall be final and binding upon
the parties hereto and judgment on the award may be entered in any court of competent jurisdiction.

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13.10 This Agreement does not constitute either party the agent or legal representative of the
other party. Neither party is authorized to create any obligation on behalf of the other party.

13.11 This Agreement may be terminated on five (5) business days’ prior written notice by one party
to the other, but such termination shall not affect any Lease outstanding at the time such
termination is effective, which shall remain subject to the terms and conditions of this Agreement
until all outstanding obligations under such Lease are duly performed or the Lease is finally and
fully liquidated in accordance with the provisions of this Agreement.

13.12 Subject to the rights that may accrue to any successor or permitted assigns of the parties,
no provision of this Agreement shall be construed as creating any rights enforceable by a third
party and all third party rights implied by law are, to the extent permissible by law, excluded
from this Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement in duplicate by their duly authorized
representatives effective on the date first written above.

	 	 	 	 	 
	MITSUBISHI INTERNATIONAL	 		COEUR D’ALENE	
	CORPORATION	 		MINES CORPORATION	
	 
	 		 	
	 
	 		 	
	 

	 		 	
	Name: Kotaro Tomita

	 		Name: Mitchell J. Krebs	
	Title: Division Senior Vice President

	 		Title: SVP and CFO	
	Date: December 12, 2008

	 		Date: December 12, 2008	

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Exhibit I

LEASE CONFIRMATION

Date:

This is a confirmation of the specific terms of Lease that Mitsubishi International Corporation
(“MIC”) and Coeur D’Alene Mines Corporation (“Coeur”) have agreed upon pursuant to the Two-Way
Metals Lease Agreement entered into between MIC and Coeur on December 12 2008.

	(a)	 	Lessor:
MIC            Lessee:
Coeur
	(b)	 	Type of Metal: Gold            Fineness:                     
	(c)	 	Quantity:                      troy ounces
	(d)	 	Lease Term: ___days

	 	(1)	 	Date of delivery to Lessee:                     

	 	(2)	 	Date of return to Lessor:                     

	(e)	 	Lease Fee:                                         

Valuation Price: $                    

Lease Rate: ___% per annum

Lease Fee = Quantity x Valuation Price x Lease Rate x Lease Term /360 days1.

	(f)	 	Delivery Location:                                         

Redelivery Location:                                        

	(g)	 	Other terms agreed upon by the parties:

     If the Lease is terminated by prepayment prior to the end of the Lease Term, the Lease Fee
shall be calculated based on the actual duration of the Lease, in days, giving effect to such
termination, rather than on the full Lease Term. Such prepayments shall not be subject to any
premiums or additional fees.

Please signify your agreement with the Lease terms contained herein by signing below.

	 	 	 	 	 
	Mitsubishi International Corporation	 		Coeur D’Alene Mines Corporation	
	 
	 		 	
	 
	 		 	
	 

	 		 	
	Name:

	 		Name:	
	Title:

	 		Title:	

 

	1	 	See item (g).

12exv10w2

Exhibit 10.2

     SECOND AMENDED AND RESTATED COLLATERAL AGREEMENT, dated as of August 7, 2009 (as amended,
supplemented or otherwise modified from time to time, the “Agreement”), by and among COEUR
D’ALENE MINES CORPORATION, an Idaho corporation (the “Parent”), CDE AUSTRALIA PTY LTD, an
Australian proprietary limited corporation, (“Coeur Australia” and, together with the
Parent, the “Pledgors”; Parent and Coeur Australia are each sometimes referred to
separately as a “Pledgor”) and MITSUBISHI INTERNATIONAL CORPORATION, a New York corporation
(the “Secured Party”).

R E C I T A L S

     A. The Parent, Coeur Australia, the Secured Party and Empresa Minera Manquiri S.A., a Bolivian
sociedad anónima (“Manquiri”) were parties to a Collateral Agreement dated as of December
12, 2008 (as such had been amended, supplemented or otherwise modified from time to time prior to
the execution of the below-referenced First Amended and Restated Collateral Agreement, the
“Original Collateral Agreement”), which Original Collateral Agreement was amended and
restated in its entirety by an Amended and Restated Collateral Agreement dated as of June 26, 2009
(as amended, supplemented or otherwise modified from time to time, the “First Amended and
Restated Collateral Agreement”), pursuant to which, among other things, Manquiri was released
from all of its obligations to the Secured Party under the Original Collateral Agreement and
therefore had no obligations to the Secured Party under the First Amended and Restated Collateral
Agreement.

     B. The Parent, Coeur Australia and the Secured Party have agreed, subject to the terms and
conditions set forth herein, to amend and restate in its entirety the First Amended and Restated
Collateral Agreement in the form of this Agreement.

     C. Pursuant to a Two-Way Metals Lease Agreement dated December 12, 2008 (as amended,
supplemented or otherwise modified from time to time, the “Lease Agreement”) between the
Parent and the Secured Party, the Parent is required to provide the Secured Party with certain
security interests and other credit support to secure its obligations to the Secured Party under
the Lease Agreement.

     D. Manquiri is party to that certain San Bartolome Dore Custom Refining Agreement between
itself and Johnson Matthey Inc., a Pennsylvania corporation (“JM”), dated as of January 28,
2008 (as from time to time amended, restated, modified or replaced, the “San Bartolome
Agreement”).

     E. Coeur Mexicana S.A. de C.V., a Mexican sociedad anónima de capital variable (“Coeur
Mexico”) is party to that certain Palmarejo Dore Custom Refining Agreement between itself and
JM, dated as of April 7, 2009 (as from time to time amended, restated, modified or replaced, the
“Palmarejo Agreement”).

     F. Coeur Rochester, Inc., a Delaware corporation (“Coeur Rochester”) is party to that
certain refining agreement between itself and JM, dated as of May 22, 2006 (as from time to time
amended, restated, modified or replaced, the “Rochester Agreement”, and together with the
San Bartolome Agreement and the Palmarejo Agreement, the “Refining Agreements”).

 

 

     G. Manquiri, Coeur Mexico and Coeur Rochester (Manquiri, Coeur Mexico and Coeur Rochester
collectively, the “Coeur Group”), the Parent and JM are parties to that certain Refining
Contract Rights Agreement, dated as of June 26, 2009, which provides that the Parent has certain
rights in connection with the Refining Agreements (the “Refining Contract Rights
Agreement”).

     H. Parent is party to a Silver Doré Sales Agreement between itself and Manquiri, a Silver Doré
Sales Agreement between itself and Coeur Mexico, and a Silver Doré Sales Agreement between itself
and Coeur Rochester, pursuant to which Parent purchases, and obtains title to, doré which is the
subject of the Refining Agreements (Collectively, the “Silver Doré Sales Agreements”).

     I. Coeur Australia maintains a deposit account (the “Pledged Account”) with Wells
Fargo Bank, National Association in the United States (“Wells Fargo”) having the details
set forth in Schedule 1 hereto.

     J. It was a condition to the Secured Party’s entry into the Lease Agreement that certain
collateral be pledged to it as security for performance of Parent’s obligations to it thereunder,
and in furtherance thereof (1) Wells Fargo has issued one or more letters of credit (collectively,
the “Wells Fargo L/C”) having the Parent as applicant and the Secured Party as beneficiary,
and having the terms and conditions specified in Section 4.01 below; (2) the rights of the
Parent in connection with each Refining Agreement and the Refining Contract Rights Agreement, if
any, and in all silver and gold bars owned or hereafter acquired by the Parent that have been
received at any refinery facility of JM and are in the possession of and being refined by JM,
pursuant to the applicable Refining Agreement, are being pledged to the Secured Party as set forth
herein (such rights, collectively, the “Refinery Collateral”); (3) the rights of Coeur
Australia in the amounts from time to time on deposit in the Pledged Account, up to but not
exceeding $9,000,000.00 at any time, are being pledged to the Secured Party as set forth herein
(such rights, the “Australia Collateral”, and together with the Refinery Collateral, the
“Specified Collateral”); and (4) the Parent has entered into an agreement with JM (the
“Refinery Pledge Agreement”), confirming the grant to the Secured Party by the Parent of a
security interest in the Refinery Collateral as set forth herein.

A G R E E M E N T

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

ARTICLE I

DEFINITIONS AND RELATED MATTERS

Section 1.01 Definitions. The terms defined in this Section 1.01 (except as herein
otherwise expressly provided or unless the context otherwise requires) for all purposes of this
Agreement, shall have the respective meanings specified in this Section 1.01. Terms with
initial capital letters not otherwise defined herein have the respective meanings set forth in the
Lease Agreement. Terms defined in this Agreement include the plural as well as the singular, and
the 

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word “including” shall be deemed to mean “including without limitation.” All references to a
“preamble”, “recital” or “Section”, unless the context otherwise requires, refer to such parts of
this Agreement.

     “Acceleration” has the meaning set forth in Section 5.02.

     “Account
Control Agreement” has the meaning set forth in Section 4.12.

     “Agreement” has the meaning set forth in the preamble.

     “Australia Collateral” has the meaning set forth in the recitals to this Agreement.

     “Australia Collateral Maximum” has the meaning set forth in Section 4.15.

     “Australia Collateral Threshold” has the meaning set forth in Exhibit E as from time to
time adjusted.

     “Bankruptcy Code” means title 11 of the United States Code, as amended, or any similar
federal or state law for the relief of debtors.

     “Business Day” means any day that is not a Saturday, a Sunday or other day on which banks
are required or authorized by applicable law to be closed in The City of New York, New York, United
States of America.

     “Charges” means all federal, state, county, city, municipal, foreign or other taxes,
levies, assessments, duties, levies, withholdings or charges that, if not paid when due, may result
in a Lien of any Governmental Authority against Collateral.

     “Cobar Payment Instructions” has the meaning set forth in Section 4.12.

     “Coeur Australia” has the meaning set forth in the preamble.

     “Coeur Mexico” has the meaning set forth in the recitals to this Agreement.

     “Coeur Rochester” has the meaning set forth in the recitals to this Agreement.

     “Collateral” has the meaning set forth in Section 2.01.

     “Event of Default” has the meaning set forth in Section 5.01.

     “GAAP” means generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public
Accountants and statements and pronouncements of the Financial Accounting Standards Board or in
such other statements by such other entity as may be approved by a significant segment of the
accounting profession of the United States, as in effect from time to time.

     “Governmental Authority” means any nation or government, any state or municipality, any
political subdivision of any of the foregoing, any agency, authority, instrumentality,

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regulatory
body, court, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative functions of or pertaining to government, any securities exchange and
any self regulatory organization.

     “JM” has the meaning set forth in the recitals to this Agreement.

     “Lease Agreement” has the meaning set forth in the recitals to this Agreement.

     “L/C Amount Threshold” has the meaning set forth in Exhibit E as from time to time
adjusted.

     “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien or right of subrogation or analogous right (statutory or other), charge or other
security interest or any preference, priority or other security agreement or preferential
arrangement of any kind.

     “Limited Purpose” has the meaning set forth in Section 3.06.

     “London Good Silver Bars” means silver bars complying with the requirements of the London
Bullion Market Association for physical settlement of a loco London silver trade.

     “Manquiri” has the meaning set forth in the recitals to this Agreement.

     “Metal Blockage Notice” has the meaning set forth in the Refinery Pledge Agreement.

     “Maturity Date” means the date when each Lease of Metal under the Lease Agreement will
expire.

     “Outstanding
Gold Obligation Amount” means the sum calculated by the Secured party from
time to time of (i) the aggregate amount of all Lease Fees (as defined in the Lease Agreement) due
and unpaid, or accrued whether or not yet payable, plus (ii) the value of the Metal (as defined in
the Lease Agreement) still being leased and remaining to be re-delivered under the Lease Agreement,
based on the product of (x) the quantity of the Metal still being leased in troy ounces and (y) the
London PM fix of one (1) troy ounce of the Metal.

     “Palmarejo Agreement” has the meaning set forth in the recitals to this Agreement.

     “Parent” has the meaning set forth in the preamble.

     “Permitted Liens” means, collectively and without duplication,

     (i) The Security Interest;

     (ii) The Lien of Wells Fargo under the Restricted Account Agreement by and among Coeur
Australia, the Secured Party, and Wells Fargo in the amount of any bank fees due on the
Pledged Account; and

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     (iii) The rights of JM under the Refinery Pledge Agreements to debit the Refinery
Collateral in amounts up to the outstanding obligations to JM; provided that any amount so
debited shall not exceed the aggregate charges applicable to the quantity of doré in the
possession of JM at the time JM receives a Metal Blockage Notice, which charges shall be
calculated using a rate per ounce not in excess of the rate per ounce specified in the
applicable Refining Agreement with respect to the doré.

     “Permitted Sales” has the meaning set forth in Section 4.08.

     “Person” means any individual, corporation, partnership, limited liability company,
joint venture, incorporated or unincorporated association, joint stock company, trust,
unincorporated organization or government or any agency or political subdivision thereof.

     “Pledged Account” has the meaning set forth in the recitals to this Agreement.

     “Pledgor” has the meaning set forth in the preamble.

     “Proceeds” has the meaning set forth in Section 2.01.

     “Refinery Collateral” has the meaning set forth in the recitals to this Agreement.

     “Refinery Collateral Minimum” has the meaning set forth in Section 4.13.

     “Refinery Collateral Threshold” has the meaning set forth in Exhibit E as from time to
time adjusted.

     “Refinery Pledge Agreement” has the meaning set forth in the recitals to this
Agreement.

     “Refining Agreements” has the meaning set forth in the recitals to this Agreement.

     “Restricted Account Agreement” means that certain Restricted Account Agreement dated
as of December 12, 2008, by and among Coeur Australia, the Secured Party and Wells Fargo.

     “Rochester Agreement” has the meaning set forth in the recitals to this Agreement.

     “San Bartolome Agreement” has the meaning set forth in the recitals to this Agreement.

     “Secured Obligations” has the meaning set forth in Section 2.02.

     “Secured Party” has the meaning set forth in the preamble.

     “Security Interest” has the meaning set forth in Section 2.01.

     “Shortfall” has the meaning set forth in Section 4.13(b).

     “Shortfall Notice” has the meaning set forth in Section 4.13(b).

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     “Specified Collateral” has the meaning set forth in the recitals to this Agreement.

     “Total Collateral Requirement” has the meaning set forth in Exhibit E.

     “Uncollateralized Portion” means a portion, as specified in Exhibit E as from time to
time adjusted, of the value of the outstanding metal leased to the Parent by the Secured Party
under the Lease Agreement, for which Parent is not required to provide any form of collateral.

     “UCC” means the Uniform Commercial Code as in effect in the State of New York on the
date of execution of this Agreement and as amended from time to time hereafter.

     “Wells Fargo” has the meaning set forth in the recitals to this Agreement.

     “Wells Fargo L/C” has the meaning set forth in the recitals to this Agreement.

Section 1.02 Related Matters.

          (a) Terms Used in the UCC. Unless the context clearly otherwise requires, all
lower-case terms used and not otherwise defined herein that are used or defined in Article 8 or 9
(or any equivalent subpart) of the UCC (including “control”, “deposit account,” “general
intangibles,” “instrument,” “investment property,” “security,” and “security entitlement”) are used
herein as therein defined from time to time, including any amendments to such Article that may be
adopted or become effective after the date hereof.

          (b) Determinations. Any determination or calculation contemplated by this
Agreement that is made by the Secured Party shall be final and conclusive and binding upon each
Pledgor, in the absence of manifest error. References in this Agreement to “determination” by the
Secured Party include good faith estimates (in the case of quantitative determinations) and good
faith beliefs (in the case of qualitative determinations). All consents and other actions of the
Secured Party contemplated by this Agreement may be given, taken, withheld or not taken in the
Secured Party’s discretion (whether or not so expressed), except as otherwise expressly provided
herein.

          (c) Governing Law. Except to the extent otherwise required under applicable law,
the UCC shall govern the attachment, perfection, priority and enforcement of the Security Interest
and all other matters to which the UCC applies pursuant to the terms thereof. THIS AGREEMENT SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK.

ARTICLE II

THE SECURITY INTEREST; SECURED OBLIGATIONS

Section 2.01 Security Interest. To secure the payment and performance of the Secured
Obligations (as defined below) as and when due, each Pledgor hereby conveys, pledges, assigns and
transfers to the Secured Party, and grants to the Secured Party a security interest (the “Security
Interest”) in, all right, title, claim and interest of such Pledgor in and to the following

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property, whether now owned and existing or hereafter acquired or arising, and wherever located
(such property being, collectively, the “Collateral”):

          (a) the Specified Collateral and all certificates and instruments representing or evidencing
the Specified Collateral;

          (b) any and all securities in, or security entitlements in, any issuer of or debtor under any
of the Specified Collateral, or any successor to any such issuer or debtor, in each case that such
Pledgor acquires or has the right to acquire from time to time in any manner in substitution for
any of the foregoing and any and all certificates and instruments representing or evidencing such
securities; and

          (c) any and all proceeds, including insurance proceeds, and products of any of the foregoing,
whether now held and existing or hereafter acquired or arising, including any and all cash,
securities, instruments and other property from time to time paid, payable or otherwise distributed
in respect of or in exchange for any or all of the foregoing (collectively, the
“Proceeds”).

     Notwithstanding the above provisions of this Section 2.01, the security interest granted in
the Australia Collateral by Coeur Australia under this Agreement will at all times be limited to
$9,000,000.00, notwithstanding the amount of funds then on deposit in the Pledged Account.

Section 2.02 Secured Obligations. The Security Interest shall secure the due and punctual
payment and performance of any and all present and future obligations and liabilities of the Parent
of every type or description to the Secured Party, or any of its successors or assigns, or any
Person entitled to indemnification under the Lease Agreement, in each case arising under or in
connection with the Lease Agreement and this Agreement, whether for lease payments, cash collateral
cover, fees, expenses, indemnities or other amounts (including attorneys’ fees and expenses and
court costs); in each case whether due or not due, direct or indirect, joint and/or several,
absolute or contingent, voluntary or involuntary, liquidated or unliquidated, determined or
undetermined, now or hereafter existing, extended, renewed or restructured, whether or not from
time to time decreased or extinguished and later increased, created or incurred, whether or not
arising after the commencement of a proceeding under the Bankruptcy Code (including post-petition
interest) and whether or not allowed or allowable as a claim in any such proceeding, and whether or
not recovery of any such obligation or liability may be barred by a statute of limitations and
whether or not such obligation or liability may otherwise be unenforceable; except for any
Uncollateralized Portion of such obligations and liabilities (all obligations and liabilities
described in this Section 2.02 are collectively referred to as the “Secured
Obligations”).

Section 2.03 Limitations; No Recourse. If the obligations of any Pledgor hereunder otherwise
would be subject to avoidance under Section 548 of the Bankruptcy Code or any applicable state law
relating to fraudulent conveyances or fraudulent transfers, taking into consideration such
Pledgor’s rights of reimbursement and indemnity, if any, from the Parent with respect to amounts
paid by such Pledgor, then such obligations hereby are reduced to the largest amount that would
make them not subject to such avoidance. Any Person asserting that such Pledgor’s obligations are
so avoidable shall have the burden (including the burden of production

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and of persuasion) of
proving (a) that, without giving effect to this Section 2.03, such Pledgor’s obligations
hereunder would be avoidable and (b) the extent to which such obligations are reduced by operation
of this Section 2.03.

     The obligations of Coeur Australia hereunder are limited to the grant of the Security Interest in
the Collateral owned by Coeur Australia, with no recourse to any other assets or properties of
Coeur Australia or to Coeur Australia.

ARTICLE III

WARRANTIES AND REPRESENTATIONS

     The Parent makes the following representations and warranties, all of which shall survive
until termination of this Agreement pursuant to Section 6.07.

Section 3.01 Financing Statements; Perfection, etc. Financing statements containing a true and
correct description of the Collateral have been reviewed by the Parent and are in proper form for
filing in the office of the Secretary of State of the State of Idaho and in each other jurisdiction
necessary to establish a valid and perfected Lien in favor of the Secured Party in all Collateral
in which a Lien may be perfected by filing under the UCC, and no further or subsequent filing,
recording or registration of financing statements is necessary under the UCC in any such
jurisdiction, except as provided under applicable law with respect to the filing of continuation
statements. If actions other than filing such financing statements under the UCC should reasonably
be necessary or desirable to perfect and protect such security interest under other applicable law,
each Pledgor shall provide to the Secured Party upon request a true and correct description of the
Collateral and such other information as the Secured Party may request that will enable it to
establish a valid and perfected Lien in favor of the Secured Party in the Collateral. Upon the
filing of each such financing statement in the filing office set forth opposite the applicable
Pledgor’s name on Schedule 3.02 or, if other actions are reasonably necessary or desirable to
perfect such security interest under applicable law, upon completion of such other actions, the
Secured Party will have a valid and fully perfected first priority (subject to Permitted Liens)
Lien on the Collateral. There are no financing statements on file in any governmental office
covering any Collateral, other than financing statements in favor of the Secured Party or in
respect of Permitted Liens.

Section 3.02 Locations and Names. Schedule 3.02 truly and correctly sets forth (a) each
Pledgor’s chief executive office and principal place of business on the date hereof and at any time
during the last four months, (b) all other places of business of each Pledgor on the date hereof or
at any time during the last five years, (c) each Pledgor’s form and jurisdiction of organization,
its identification number in the records of such jurisdiction and its federal tax identification
number, (d) each Pledgor’s name as it appears in the official filings in the state of its
organization, (e) all prior or current legal names and trade names used within the five years ended
on the date hereof to identify any Pledgor in its business or in the ownership of its properties,
and (f) the filing offices where a financing statement is required to be filed with respect to each
Pledgor to perfect the Security Interest in the Collateral.

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Section 3.03 Title to Collateral. The Pledgors, collectively, have good title to all
Collateral and “rights” or the power to transfer “rights” in all other Collateral within the
meaning of Section 9-203 of the UCC. The Pledgors’ title to all Collateral is free of adverse
claims, Liens and restrictions on transfer or pledge to any firm, person or entity other than
Permitted Liens.

Section 3.04 Fraudulent Transfers. Each Pledgor is solvent and will be solvent
immediately after giving effect to the transactions contemplated by the Lease Agreement to occur on
the effective date thereof. No transfer of property is being made by any Pledgor and no obligation
is being incurred by any Pledgor in connection with the transactions contemplated by the Lease
Agreement with the intent to hinder, delay or defraud either present or future creditors of any
Pledgor.

Section 3.05 Authorization. Each of the Pledgors is a corporation duly organized, validly
existing and in good standing under the laws of its place of organization and has the requisite
corporate power and authority to carry on its business as now being conducted. The information
contained herein about each of the Pledgors and the Collateral is true and correct. This Agreement
and any writings related to this Agreement have been duly executed and delivered by each of the
Pledgors and are the legal, valid and binding obligations of each of the Pledgors, enforceable in
accordance with their respective terms, and do not violate, conflict with or result in a breach
under any of the Pledgors’ articles of organization or bylaws (or other similar organizational
documents) or any agreement, instrument, lease, restriction, obligation, law, rule, regulation, or
court or administrative order to which any of the Pledgors or the Collateral is subject.

Section 3.06 Pledged Account. The Pledged Account is the specified account into which all
silver proceeds under the Amended and Restated Silver Sale and Purchase Agreement between Coeur
Australia and Cobar Operation Pty Limited (the “Cobar Silver Sale Agreement”) are paid to
Coeur Australia. The Pledged Account is used for the limited purpose of receiving payments under
the Cobar Silver Sale Agreement and remitting such payments to the Parent for use by the Parent in
its business (the “Limited Purpose”). No breach or event of default under any agreement,
instrument, lease, restriction, obligation, applicable law or court or administrative order to
which Coeur Australia and/or its properties is subject, including the Cobar Silver Sale Agreement,
would directly result from the Parent’s bankruptcy or insolvency or the Parent’s inability to pay
its debts as they become due. Coeur Australia’s rights under the Cobar Silver Sale Agreement are
neither affected nor terminated by (i) the Parent becoming unable to pay its debts as they become
due, (ii) the bankruptcy or insolvency of the Parent or (iii) the occurrence of any other event
with respect to the Parent that would, if it occurred with respect to Coeur Australia, be an event
of default under either or both of such agreements.

Section 3.07 Coeur Australia. Coeur Australia is a limited purpose company organized under
the laws of Australia whose primary activity is to receive payments under the Cobar Silver Sale
Agreement and to remit such payments to the Parent, and to conduct any ancillary business and
activities necessary to accomplish such receipts and remittances.

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ARTICLE IV

COVENANTS AND AGREEMENTS

Section 4.01 Delivery of Wells Fargo L/C, etc. Until termination of this Agreement pursuant to
Section 6.07, the Parent shall cause Wells Fargo to establish and maintain at all times (until
the Parent is entitled to terminate it pursuant to the terms hereof) the Wells Fargo L/C , which
shall be a standby letter of credit or letters of credit in an aggregate amount greater or equal to
than the L/C Amount Threshold and in each case substantially in the form of Exhibit A hereto, on
which the Secured Party may draw as set forth herein, up to but not in excess of the then
applicable L/C Amount Threshold, upon the occurrence and during the continuance of an Event of
Default.

Section 4.02 Filing of Financing Statements, etc. The Pledgors hereby authorize the Secured
Party, at the Parent’s expense, to file one or more financing or continuation statements (and any
amendments thereto) and to take any other actions necessary to perfect the Security Interest
without the signature of any of the Pledgors, where permitted by law. Secured Party is hereby
appointed as each of the Pledgors’ attorney-in-fact to take all actions and do such things which
the Secured Party may deem necessary to perfect and continue perfection of the Security Interest
and to protect the Collateral.

Section 4.03 Further Assurances. The Pledgors shall, at their own expense, perform or
cause to be performed such acts as may be necessary or advisable, or that the Secured Party may
request at any time, to assure the attachment, perfection and first priority (subject to Permitted
Liens) of the Security Interest, to exercise the rights and remedies of the Secured Party hereunder
or to carry out the intent of this Agreement.

Section 4.04 Power of Attorney. The Pledgors hereby irrevocably appoint the Secured
Party and its employees and agents as their true and lawful attorneys-in-fact, with full power of
substitution, to do, during the continuation of an Event of Default, (a) all things required to be
done by the Parent under this Agreement, and (b) all things that the Secured Party may deem
necessary or advisable to assure the attachment, perfection and first priority (subject to
Permitted Liens) of the Security Interest or otherwise to exercise the rights and remedies of the
Secured Party hereunder or to carry out the intent of this Agreement (including by signing and
filing any financing statement covering the Collateral, and by voting any Collateral as
contemplated by Section 4.11), in each case at the Parent’s expense.

          Without limitation, the Secured Party and its officers and agents shall be entitled to affix,
by facsimile signature or otherwise, the general or special endorsement of any Pledgor, in such
manner as the Secured Party shall deem advisable, to any Collateral that has been delivered to or
obtained by the Secured Party without appropriate endorsement or assignment, which endorsement
shall be effective for all purposes.

Section 4.05 Changes of Locations of Collateral, Offices, Name or Structure. No Pledgor shall
adopt a trade name or change its name, chief executive office, principal place of business,
identity or structure (including its jurisdiction of organization) unless, in each case the Parent
(i) gives prior written notice to the Secured Party of such removal, adoption or change and the new

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location of such chief executive office, principal place of business or new place of business,
trade name, name, identity or structure, as the case may be, and (ii) takes all steps required by
Section 4.03 and the other provisions of this Agreement in connection therewith.

Section 4.06 Payment of Charges and Claims. The Parent shall pay or cause to be paid (a) all
Charges imposed upon any Collateral, and (b) all claims that have become due and payable and, under
applicable law, have or may become Liens upon any Collateral, in each case before any penalty shall
be incurred with respect thereto; provided that, unless foreclosure, levy or similar
proceedings shall have commenced, the Parent need not pay or cause to be paid or discharge any such
Charges or claims so long as (i) the validity or amount thereof is being contested in good faith
and by appropriate proceedings that have the effect of preventing foreclosure, levy or similar
proceedings relative to such Collateral and (ii) adequate reserves therefor have been established
in accordance with GAAP. If the Parent fails to pay or cause to be paid or obtain the discharge of
any Charge, claim or Lien required to be paid or discharged under this Section and asserted against
any portion of the Collateral, the Secured Party may, at any time and from time to time, in its
discretion and without waiving or releasing any obligation of the Parent under this Agreement or
waiving any default by the Parent, make such payment, obtain such discharge or take such other
action with respect thereto as the Secured Party deems advisable.

Section 4.07 Duty of Care; Indemnification.

          (a) The Secured Party shall have no duty of care with respect to the Collateral,
except that the Secured Party shall have an obligation to exercise reasonable care with respect to
Collateral in its possession; provided that (i) the Secured Party shall be deemed to have
exercised reasonable care if Collateral in its possession is accorded treatment substantially
comparable to that which the Secured Party accords its own property, and (ii) the Secured Party
shall have no obligation to take any actions to preserve rights against other parties with respect
to any Collateral. Without limitation, the Secured Party shall (A) bear no risk or expense with
respect to any Collateral and (B) have no duty with respect to calls, conversions, presentments,
maturities, notices or other matters relating to Collateral, or to maximize interest or other
returns with respect thereto.

          (b) The Parent hereby agrees to indemnify and hold harmless the Secured Party and its
directors, officers, employees and agents against and from any and all claims, actions,
liabilities, costs and expenses of any kind or nature whatsoever (including reasonable fees and
disbursements of counsel) that may be imposed on, incurred by, or asserted against any of them, in
any way relating to or arising out of this Agreement or any action taken or omitted by them
hereunder (including for taxes), except to the extent a court holds in a final and nonappealable
judgment that they directly resulted from the gross negligence or willful misconduct of such
Persons.

Section 4.08 Sale of Collateral; Further Encumbrances.

          (a) No Pledgor shall (i) sell, lease, license, transfer, withdraw or otherwise
dispose of any Collateral, or any interest therein, except as contemplated by Section 4.11
(collectively, “Permitted Sales”),
(ii) transfer or withdraw funds from or to the Pledged Account

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for any purpose other than the Limited Purpose, or (iii) grant or suffer to exist any Lien
in or on any Collateral (except Permitted Liens) or sign or authorize the filing of any financing
statement with respect to any of the Collateral (except with respect to Permitted Liens). The
Parent shall not cause or permit the members of the Coeur Group to sell, lease, license, transfer,
withdraw or otherwise dispose of any Refinery Collateral except through Permitted Sales; to grant
or suffer to exist any Lien in or on any Refinery Collateral (except Permitted Liens); or to sign
or authorize the filing of any financing statement with respect to any of the Refinery Collateral
(except with respect to Permitted Liens). If any Collateral, or any interest therein, is disposed
of in violation of these provisions, the Security Interest shall continue in such Collateral or
interest notwithstanding such disposition, the Person to which the Collateral or interest is being
transferred shall be bound by this Agreement, and the Parent shall deliver or cause to be delivered
all Proceeds thereof to the Secured Party to be held as Collateral hereunder.

          (b) In case of a Permitted Sale, the applicable Pledgor shall inform the Secured Party of such
Permitted Sale at least one business day prior to the execution of such Permitted Sale.
Concurrently with any Permitted Sale, the Security Interest shall automatically be released from
the Collateral so disposed of; provided, however, that the Security Interest shall
in any event continue in the Proceeds of such Collateral received in connection with such Permitted
Sale.

          (c) Upon satisfaction of all conditions precedent set forth herein, the Secured Party shall
execute and deliver any releases or other documents reasonably requested by the Parent to
accomplish or confirm the release of Collateral provided by this Section or by Section
4.14. Any such release shall specifically describe that portion of the Collateral to be
released and shall be without recourse or warranty (other than a warranty that the Secured Party
has not assigned its rights and interests to any other Person). The Parent shall pay all of the
Secured Party’s expenses in connection with any such release and other documents.

Section 4.09 Protection of Security; Notice of Levy. The Pledgors shall, at their own cost and
expense, take any and all actions necessary to defend title to the Collateral against all Persons
and against all claims and demands and to preserve, protect and defend the Security Interest and
the first priority thereof against any Liens other than Permitted Liens. The Parent will promptly
notify the Secured Party of any attachment or other legal process levied against any
Collateral.

Section 4.10 Cooperation. The Parent shall furnish to the Secured Party information
concerning the Collateral, to the extent relevant, from time to time as the Secured Party may
reasonably request, and shall make available the Pledgors’ books and records for inspection and
audit by the Secured Party at any time upon reasonable notice. Until the Refinery Collateral is
released from the Security Interest, the Parent shall furnish to the Secured Party (i) copies of
any monthly balance-of-ounces reports it receives from JM under the Refining Agreements, and (ii)
prior notice of each shipment of silver or gold doré to JM, which notices shall include the
anticipated delivery date of, and the amount (in ounces) of such silver or gold doré in the
applicable shipment. Until the Refinery Collateral is released from the Security Interest, the
Secured Party shall be entitled to request the above mentioned reports and notices directly from
JM. The Parent shall, promptly after any amendment to any of the Refining Agreements, furnish to
Secured Party a copy of such amendment.

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Section 4.11 Consensual Rights; Distributions.

     (a) So long as no Event of Default shall exist:

          (i) Each applicable Pledgor shall be entitled to exercise any and all
management and other consensual rights pertaining to any Collateral, including all rights
under each Refining Agreement, for any purpose not inconsistent with the terms of this
Agreement.

          (ii) Each applicable Pledgor shall be entitled to receive and retain and
use free of the Security Interest any and all cash and other property paid or otherwise
distributed in respect of the Collateral, including proceeds of sales of the Refinery
Collateral by JM in the ordinary course of business pursuant to the Refining Agreements
(provided that no Shortfall exists at the time of any such sale or would occur as a
result thereof and no Metal Blockage Notice has been delivered and not rescinded) and
remittance by Coeur Australia of any funds in the Pledged Account to the Parent.

          (b) So long as a Shortfall shall exist, at the sole option of the Secured Party, any or all
rights of the applicable Pledgor to receive cash and other property distributed in respect of
Refinery Collateral as permitted by subsections (a)(i) and (a)(ii) above shall cease.

          (c) So long as an Event of Default shall exist, at the sole option of the Secured Party, (i)
any or all rights of the applicable Pledgor to exercise management and other consensual rights and
to receive cash and other property distributed in respect of Collateral as permitted by subsections
(a)(i) and (a)(ii) above shall cease, (ii) the Secured Party shall have the right to deliver a
Metals Blockage Notice to JM and (iii) the Secured Party, if and when it notifies the applicable
Pledgor and the Parent of the exercise of such option, shall have the sole right to exercise any or
all such management and other consensual rights and to receive and to hold as Collateral any or all
such cash and other property.

          (d) All cash and other property required to be delivered to the Secured Party hereunder shall,
if received by any Pledgor, be received in trust for the benefit of the Secured Party, be
segregated from the other property of such Pledgor, and promptly be delivered to the Secured Party
in the same form as so received (with any appropriate endorsements or assignments).

Section 4.12 Control of Pledged Account.

     (a) The Parent shall cause the Pledged Account to be, at all times, subject to an account
control agreement (an “Account Control Agreement”) that provides the Secured Party with
“control” (as defined in the UCC) over the Pledged Account and that is reasonably satisfactory in
form and substance to the Secured Party ( provided, that an account control agreement
substantially in the form of Exhibit B hereto shall be so satisfactory). The Parent shall cause
(i) Coeur Australia to keep the Pledged Account as the specified account into which payments under
the Cobar Silver Sale Agreement are deposited; (ii) Coeur Australia to comply in all material
respects with its obligations under the Restricted Account Agreement and the Cobar Silver Sale
Agreement and not to amend or terminate such agreements without the prior written consent of

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the
Secured Party; and (iii) Coeur Australia to instruct Cobar Operation Pty Limited to make payments
under the Cobar Silver Sale Agreement to the Pledged Account.

     (b) If the Restricted Account Agreement is terminated, then the Parent shall, no later than 3
Business Days prior to such termination (or, if the Parent first obtains knowledge of such
termination or intended termination less than 3 Business Days prior to its occurrence, then no
later than 1 Business Day after the Parent first obtains such knowledge), at the Parent’s option,
(x) (i) establish a deposit account with a different financial institution as depositary, which new
deposit account shall be subject to an account control agreement that provides the Secured Party
with “control” (as defined in the UCC) over such deposit account and that is reasonably
satisfactory in form and substance to the Secured Party ( provided, that an account control
agreement substantially in the form of Exhibit B hereto shall be so satisfactory), which account
control agreement shall thereafter be deemed the Account Control Agreement for purposes of this
Agreement and (ii) instruct Cobar Operation Pty Limited to make payments under the Cobar Silver
Sale Agreement to such new deposit account, which deposit account shall thereafter be deemed the
Pledged Account for purposes of this Agreement, or (y) permit the Secured Party to deliver payment
instructions in the form of Exhibit C, which instructions direct Cobar Operation Pty Limited to
make payments under the Cobar Silver Sale Agreement to an account designated by the Secured Party
in its sole discretion (“Cobar Payment Instructions”).

Section 4.13 Refining Agreements.

     (a) The Parent shall cause JM to enter into and maintain the Refinery Pledge Agreement with the
Parent and the Secured Party, substantially in the form of Exhibit D hereto and not to amend or
terminate such agreement without the prior written consent of the Secured Party. The Parent will
join with the Secured Party in notifying JM of the Security Interest and in obtaining
acknowledgment from JM that it is holding the Collateral described in the Refinery Pledge Agreement
for the benefit of the Secured Party. The Parent shall comply , and shall cause each member of the
Coeur Group to comply, in all material respects with its obligations under the Silver Doré Sales
Agreements, Refining Agreements and Refining Contract Rights Agreement and shall not amend or
terminate or cause any member of the Coeur Group to amend or terminate the Silver Doré Sales
Agreements, Refining Agreements or Refining Contract Rights Agreement without the prior written
consent of the Secured Party. The Parent shall cause JM to maintain insurance on the silver and
gold doré as required under the respective Refining Agreements. At the request of the Secured
Party from time to time, the Parent will cause JM to provide certificates of insurance in a form
reasonably satisfactory to the Secured Party evidencing that the silver and gold doré constituting
part of the Collateral is insured as required under the Refining Agreements.

     (b) The value of the Refinery Collateral shall be reasonably calculated by the Secured Party
from time to time to be the product of (x) the aggregate amount of market deliverable silver or
gold (calculated in troy ounces) that is the subject of the Refining Agreements and either will be
extracted from doré in the possession of JM at one of its refinery facilities or has been extracted
from such doré and is in the possession of JM at one of its refinery facilities, and (y) the London
silver or gold fix of one (1) troy ounce of silver or gold, as applicable, on the day on which the
calculation is made.

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     (c) So long as no Event of Default shall exist, the Parent shall be obligated to provide
Refinery Collateral only to the extent of the lesser of (i) such quantity that has a value,
calculated as specified above in Section 4.13(b), equal to the Refinery Collateral Threshold and
(ii) all the Refinery Collateral (such amount, the “Refinery Collateral Minimum”).

     (d) If the sum of

     L/C Amount Threshold + Refinery Collateral Minimum + Australia Collateral Threshold

is less than

     Outstanding Gold Obligation Amount — Uncollateralized Portion

(the amount by which (L/C Amount Threshold + Refinery Collateral Minimum+ Australia Collateral
Threshold) is less than (Outstanding Gold Obligation Amount — Uncollateralized Portion) being
called a “Shortfall”) and such Shortfall exceeds $300,000.00 , then the Secured Party may
send a notice of such Shortfall to the Parent (such notice a “Shortfall Notice”). The
Parent shall, within three Business Days of its receipt of such notice and at its option, perform
either of the following actions (or some ratable combination thereof) in an amount of troy ounces
sufficient to make up the Shortfall (based on the London silver or gold fix on the day on which the
applicable calculation of the Shortfall had been made): (i) deliver to JM, in the aggregate,
additional silver or gold doré or (ii) deposit London Good Silver Bars to the unallocated account
maintained by the Secured Party with a member of the London Bullion Market Association designated
by the Secured Party, provided that the Secured Party shall pay interest on such delivered
London Good Silver Bars at a rate reasonably determined by the Secured Party.

     When the applicable Shortfall no longer exists, which shall be communicated to the Secured
Party by the Parent, the Secured Party shall, if the Parent performed as contemplated in clause (i)
above, notify JM, or if the Parent performed as contemplated in clause (ii) above, return the
delivered London Good Silver Bars to the Parent together with any accrued interest thereon.

Section 4.14 Release of Credit Support.

          (a) On the first Business Day of each month, the Secured Party shall calculate the
Outstanding Gold Obligation Amount (any such calculation, a “Gold Obligation Calculation”) and
shall provide reasonable notice to Parent of (i) any such Gold Obligation Calculation and (ii) the
Outstanding Gold Obligation Amount.

          (b) Upon the termination of this agreement pursuant to Section 6.07, the Secured Party
shall send to the Parent the original copy of the letter of credit, or the original copy of each
letter of credit, as applicable, constituting the Wells Fargo L/C, accompanied by a document
executed by the Secured Party, in the form required by Wells Fargo for such purpose, stating that
the Secured Party relinquishes all rights as a beneficiary under the Wells Fargo L/C; and the
Parent shall be entitled to terminate the Wells Fargo L/C, the Security Interest granted by the
Pledgors shall automatically, and with no further action or notice required by any party,
terminate, and all of the Collateral pledged by the Pledgors (including without limitation their

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respective interests in the Refining Agreements) shall be automatically released from such Security
Interest. In connection with such release, the Secured Party shall execute and deliver to JM a
notice terminating the Refinery Pledge Agreements, a release of the Wells Fargo L/C, in the form
required by Wells Fargo for such purpose, and such other instruments, releases or other documents
as the Parent may request in connection therewith, all in accordance with the provisions of
Section 4.08(c).

     Section 4.15 Coeur Australia.  The Parent agrees that (a) the Parent will at all times
own all outstanding shares of Coeur Australia, (b) the Parent will cause Coeur Australia to
maintain its primary activity as described in Section 3.07 above and not conduct any business other
than the Limited Purpose, and (c) the Parent shall cause Coeur Australia to keep in full force and
effect its existence. The Parent shall not permit Coeur Australia to create, assume or suffer to
exist any indebtedness owing to any affiliate of Coeur Australia or guarantee any obligation of any
of its affiliates. Notwithstanding the amount of funds on deposit in the Pledged Account from time
to time, at no time will the amount of Australia Collateral subject to the security interest
granted by Coeur Australia under this Agreement exceed $9,000,000.00 (such amount, the
“Australia Collateral Maximum”. If at any time the aggregate funds received by Secured
Party as a result of (a) Secured Party’s transfers of funds to it pursuant to an Account Control
Agreement and (b) delivery by the Secured Party of Cobar Payment Instructions shall exceed the
Australia Collateral Maximum, then Secured Party will, within two Business Days of receipt of any
such excess, transfer any such excess to an account designated by Coeur Australia in its sole
discretion. Such obligation of Secured Party to transfer funds received in excess of the Australia
Collateral Maximum shall apply not only to all amounts initially received by Secured Party upon an
exercise of its rights pursuant an Account Control Agreement or delivery of Cobar Payment
Instructions, but also to all amounts subsequently received by Secured Party pursuant to an Account
Control Agreement or the Cobar Payment Instructions.

     If an Event of Default occurs, the Parent will and will cause Coeur Australia to maintain in
full force and effect an Account Control Agreement and Cobar Payment Instructions until such time
as funds in an aggregate amount equal to the Australia Collateral Threshold are provided to Secured
Party pursuant to such Account Control Agreement and Cobar Payment Instructions.

ARTICLE V

EVENTS OF DEFAULT; RIGHTS AND REMEDIES ON DEFAULT

Section 5.01 Event of Default.

          “Event of Default” means the occurrence of one or more following events:

	 	(i)	 	The occurrence of one or more “events of default” (as defined in the Lease Agreement) by
the Parent;
	 
	 	(ii)	 	A default by any Pledgor in the payment or performance of any material obligation owing to the
Secured Party under this Agreement which is not cured within three (3) Business Days of notice of
such default to that Pledgor;

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	 	(iii)	 	Any representation or warranty made by any Pledgor to the Secured Party in this Agreement is
untrue or inaccurate in any material respect as of the date made or deemed made;
	 
	 	(iv)	 	A filing by any Pledgor of a petition or other commencement of any proceeding under any
bankruptcy, insolvency, reorganization or similar law for the protection of creditors, or the
filing of any such petition or commencement of any such proceeding against it;
	 
	 	(v)	 	A Pledgor’s otherwise becoming bankrupt or insolvent (however evidenced);
	 
	 	(vi)	 	A Pledgor’s inability to pay its debts as they become due;
	 
	 	(vii)	 	The appointment of an administrator, receiver, liquidator or other officer over a Pledgor or
any of its assets;
	 
	 	(viii)	 	A Pledgor’s merger or consolidation with any other entity or the transfer, by any means, of
all or substantially all of a Pledgor’s assets to another entity if the creditworthiness of the
resulting, surviving or transferee entity is materially weaker than that of the Pledgor immediately
prior to such action as reasonably determined by the Secured Party;
	 
	 	(ix)	 	Any Pledgor ceases to operate a material part of its
business; or
	 
	 	(x)	 	A Pledgor’s disaffirmance, disclaimer, repudiation, or
rejection, in whole or in part, or challenge to the validity of, any guarantee
issued in respect of that Pledgor.

Section 5.02 Remedies. If (a) upon or after the occurrence of any Event of Default, the
Secured Party elects to exercise remedies under this Agreement or (b) there occurs an “event of
default” (as defined in the Lease Agreement) by the Parent of a type described in clauses (ii),
(iii), (iv) or (v) of Section 8.1 of the Lease Agreement (the occurrence of any such event shall be
referred to as an “Acceleration”), then, whether or not all the Secured Obligations shall have
become immediately due and payable, subject to Section 5.05:

          (a) In addition to all its other rights, powers and remedies under this Agreement and
applicable law, the Secured Party shall have, and may exercise, any and all of the rights, powers
and remedies of a secured party under the UCC, all of which rights, powers and remedies shall be
cumulative and not exclusive, to the extent permitted by applicable law.

          (b) The Secured Party shall have the right, all at the Secured Party’s sole option and as the
Secured Party in its discretion may deem necessary or advisable, to do any or all of the following:

     (i) foreclose the Security Interest by any available judicial procedure or without
judicial process; and

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     (ii) exercise any and all other rights, powers, privileges and remedies of an owner of
the Collateral all without liability except to account for property actually received by
it, but the Secured Party shall have no duty to the Parent to exercise any such right,
power or privilege and shall not be responsible for any failure to do so or delay in so
doing.

          (c) The Secured Party shall have the right to sell or otherwise dispose of all or any
Collateral at public or private sale or sales, with such notice as may be required by Section
5.04, in lots or in bulk, at any exchange, over the counter or at any of the Secured Party’s
offices or elsewhere, for cash or on credit, with or without representations or warranties, all as
the Secured Party, in its discretion, may deem advisable. Without limitation, the Secured Party
may specifically disclaim any warranties of title and the like. The Collateral need not be present
at any such sales. If sale of all or any part of the Collateral is made on credit or for future
delivery, the Collateral so sold may be retained by the Secured Party until the sale price is paid
by the purchaser thereof, but the Secured Party shall not incur any liability in case any such
purchaser shall fail to take up and pay for the Collateral so sold and, in case of any such
failure, such Collateral may be sold again upon like notice. The Secured Party shall not be
obligated to prepare the Collateral for sale and shall not be obligated to make any sale of the
Collateral regardless of notice of sale having been given. The Secured Party may purchase all or
any part of the Collateral at public or, if permitted by applicable law, private sale, and in lieu
of actual payment of the purchase price, the Secured Party may apply against such purchase price
any amount of the Secured Obligations.

          (d) The Secured Party may comply with any applicable law (other than the UCC) in connection
with any exercise of remedies hereunder and such compliance shall not be considered to adversely
affect the commercial reasonableness of such exercise of remedies. Without limitation, the Secured
Party shall not be required to register or qualify any of the Collateral that constitutes
securities under applicable state or federal securities laws in connection with any sale or other
disposition thereof if such disposition is effected in a manner that complies with all applicable
federal and state securities laws. The Secured Party shall be authorized at any such disposition
(if it deems it advisable to do so) to restrict the prospective bidders or purchasers to persons
who will represent and agree that they are “accredited investors” or “qualified institutional
buyers” under applicable law and purchasing the Collateral for their own account for investment and
not with a view to the distribution or sale thereof. If any such Collateral is sold at private
sale, the Parent agrees that if such Collateral is sold in a manner that the Secured Party in good
faith believes to be reasonable under the circumstances then existing, then (A) the sale shall be
deemed to be commercially reasonable in all respects, (B) the Parent shall not be entitled to a
credit against the Secured Obligations in an amount in excess of the purchase price, and (C) the
Secured Party shall not incur any liability or responsibility to the Parent in connection
therewith, notwithstanding the possibility that a substantially higher price might have been
realized at a public sale. The Parent recognizes that a ready market may not exist for such
Collateral if it is not regularly traded on a recognized securities exchange, and that a sale by
the Secured Party of any such Collateral for an amount substantially less than the price that might
have been achieved had the Collateral been so traded may be commercially reasonable in view of the
difficulties that may be encountered in attempting to sell Collateral that is privately traded.

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Section 5.03 Application of Proceeds.

          (a) Any cash proceeds received by the Secured Party in respect of any sale of,
collection from, or other realization upon, all or any part of the Collateral following the
occurrence of an Acceleration or otherwise (including insurance proceeds) may be held by the
Secured Party as Collateral and/or then or at any time thereafter applied as follows:

          (i) first, to pay all advances, charges, costs and expenses payable to the
Secured Party pursuant to Section 6.01; and

          (ii) to pay the Secured Obligations in the order determined by the Secured Party in
its discretion.

          (b) The Parent and any other Person then obligated therefor (which, for clarity, shall not
include the Pledgors) shall pay to the Secured Party on demand any deficiency with regard to the
Secured Obligations that may remain after such sale, collection or realization of, from or upon the
Collateral.

Section 5.04 Notice. Unless the Collateral is perishable or threatens to decline
speedily in value or is of a type customarily sold on a recognized market, the Secured Party will
send or otherwise make available to the Parent reasonable notice of the time and place of any
public sale or of the time on or after which any private sale of any Collateral is to be made.
Each of the Pledgors agrees that any notice required to be given by the Secured Party of a sale or
other disposition of Collateral, or any other intended action by the Secured Party, that is
received in accordance with the provisions set forth in Section 6.04 ten days prior to such
proposed action shall constitute commercially reasonable and fair notice thereof to each of the
Pledgors. Parent agrees that any notice required to be given by the Secured Party in connection
with Section 4.14(a) that is received within ten days of a Gold Obligation Calculation shall
constitute reasonable notice. The Secured Party may adjourn any public or private sale from time
to time by announcement at the time and place fixed therefor and such sale may, without further
notice, be made at the time and place to which it was so adjourned. Each of the Pledgors hereby
waives any right to receive notice of any public or private sale of any Collateral or other
security for the Secured Obligations except as expressly provided for in this Section.

Section 5.05 Order of Exercise of Remedies. Notwithstanding any other provision herein, (i)
the Secured Party shall not exercise its remedies in respect of the Australia Collateral or
exercise its right to draw under the Wells Fargo L/C until it has exhausted all remedies available
to it in respect of the Refinery Collateral, including its rights in any Refinery Collateral,
including any quantity of silver or gold doré delivered and London Good Silver Bars deposited
pursuant to Section 4.13(d), in excess of such quantity that has a value, calculated as specified
above in Section 4.13(b), equal to the Refinery Collateral Threshold; and (ii) the Secured Party
shall not exercise its remedies in respect of the Australia Collateral until it has exhausted its
right to draw under the Wells Fargo L/C, subject to the L/C Amount Threshold. In any exercise of
its remedies hereunder, the Secured Party shall be entitled to an amount no greater than the sum of
Total Collateral Requirement and, in the event of a Shortfall, the quantity of silver or gold doré
delivered and London Good Silver Bars deposited pursuant to Section 4.13(d).

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ARTICLE VI

GENERAL

Section 6.01 Secured Party’s Expenses, Including Attorneys’ Fees. Regardless of the occurrence
of an Event of Default, the Parent agrees to pay to the Secured Party any and all reasonable
advances, charges, costs and expenses, including reasonable attorney’s fees and related reasonable
costs/expenses (including expert witness fees, and court costs and expenses), that the Secured
Party may incur in connection with (a) the negotiation, preparation, execution and delivery of this
Agreement (including any amendments) and all other documents delivered in connection herewith, (b)
the creation, perfection or continuation of the Security Interest or protection of its priority in
the Collateral, including the discharging of any prior or junior Lien or adverse claim against the
Collateral or any part thereof that is not permitted hereby, (c) the custody, preservation or sale
of, collection from, or other realization upon, any of the Collateral, (d) the exercise or
enforcement of any of the rights, powers or remedies of the Secured Party under this Agreement or
under applicable law or any workout or restructuring or insolvency or bankruptcy proceeding or (e)
the failure by the Parent to perform or observe any of the provisions hereof. All such amounts and
all other amounts payable hereunder shall be payable on demand.

Section 6.02 Amendments and Other Modifications.

          (a) This Agreement may not be amended, modified, or supplemented, except by a writing
signed by both the Parent and the Secured Party. This Agreement supersedes all standard terms and
conditions of trading of either party, regardless of how denominated and whether or not the same
are printed on one or more confirmations of lease terms or sales or purchase orders relating
thereto.

          (b)
No notice to or demand on the Parent in any case shall entitle the Parent to any
other or further notice or demand in similar or other circumstances.

Section 6.03 Cumulative Remedies; Failure or Delay. The rights and remedies provided
for under this Agreement are cumulative and are not exclusive of any rights and remedies that may
be available to the Secured Party under applicable law, the Lease Agreement or otherwise. No
failure or delay on the part of the Secured Party in the exercise of any power, right or remedy
under this Agreement shall impair such power, right or remedy or shall operate as a waiver thereof,
nor shall any single or partial exercise of any such power, right or remedy preclude other or
further exercise of such or any other power, right or remedy.

Section 6.04 Notices, etc. All notices and other communications under this Agreement
shall be in writing and shall be made and received in the manner provided for in Section 12 of the
Lease Agreement.

Section 6.05 Successors and Assigns. This Agreement shall be binding upon and shall,
subject to the next sentence, inure to the benefit of each Pledgor and the Secured Party and their
respective successors and assigns. No Pledgor shall assign or transfer any of its rights or
obligations hereunder without the prior written consent of the Secured Party. The benefits of this

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Agreement shall pass automatically with any assignment of the Secured Obligations (or any portion
thereof), to the extent of such assignment.

Section 6.06 Payments Set Aside. Notwithstanding anything to the contrary herein
contained, this Agreement, the Secured Obligations and the Security Interest shall continue to be
effective or be reinstated, as the case may be, if at any time any payment, or any part thereof, of
any or all of the Secured Obligations is rescinded, invalidated, declared to be fraudulent or
preferential or otherwise required to be restored or returned by the Secured Party in connection
with any bankruptcy, reorganization or similar proceeding involving the Parent, any other party
liable with respect to the Secured Obligations or otherwise, if the proceeds of any Collateral are
required to be returned by the Secured Party under any such circumstances, or if the Secured Party
elects to return any such payment or proceeds or any part thereof in its discretion, all as though
such payment had not been made or such proceeds not been received.

Section 6.07 Continuing Security Interest; Termination.

          (a) This Agreement shall create a continuing security interest in the Collateral
and, except as provided below, the Security Interest and all agreements, representations and
warranties made herein shall survive until, and this Agreement shall terminate only upon, the
indefeasible payment in full of the Secured Obligations.

          (b) Notwithstanding anything in this Agreement or applicable law to the contrary,
the agreements of the Parent set forth in Sections 4.07(b), 6.01, 6.04,
6.07(b), 6.08, 6.09, 6.11, 6.12 and 6.13 shall
survive the payment of all other Secured Obligations and the termination of this Agreement.

Section 6.08 Arbitration.

          (a) The parties agree that any controversy or claim arising out of or relating to
this Agreement, or any breach hereof, shall be settled by arbitration conducted by the American
Arbitration Association in New York, New York, in accordance with the Commercial Arbitration Rules
of the American Arbitration Association. The award of the arbitrator(s) shall be final and binding
upon the parties hereto and judgment on the award may be entered in any court of competent
jurisdiction.

          (b) Nothing contained in this Section shall preclude the Secured Party from
bringing any action or proceeding arising out of or relating to this Agreement in the courts of any
place where any Pledgor or any of its assets may be found or located.

Section 6.09 Waiver and Estoppel. Except as otherwise provided in this Agreement, each
Pledgor hereby waives: (a) presentment, protest, notice of dishonor, release, compromise,
settlement, extension or renewal and any other notice of or with respect to the Secured Obligations
and hereby ratifies and confirms whatever the Secured Party may do in this regard; (b) notice prior
to taking possession or control of any Collateral; (c) ANY BOND OR SECURITY THAT MIGHT BE REQUIRED
BY ANY COURT PRIOR TO ALLOWING THE SECURED PARTY TO EXERCISE ANY OF ITS RIGHTS, POWERS OR REMEDIES;
(d) the benefit of all valuation, appraisement, redemption and exemption laws; (e) any rights to
require

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marshalling of the Collateral upon any sale or otherwise to direct the order in which the
Collateral shall be sold; (f) any setoff; and (g) any rights to require the Secured Party to
proceed against any Person, proceed against or exhaust any Collateral or any other security
interests or guaranties or pursue any other remedy in the Secured Party’s power, or to pursue any
of such rights in any particular order or manner, and any defenses arising by reason of any
disability or defense of any Person.

Section 6.10 Execution in Counterparts. This Agreement may be executed by means of the
exchange of signed counterparts of the Agreement, including by facsimile or electronic (e.g. PDF)
transmission, each of which counterparts, when so executed and delivered, shall be deemed to be an
original and all of which counterparts, taken together, shall constitute but one and the same
Agreement. In the case of an Agreement being executed by facsimile or electronic transmission, as
soon as practicable after such transmission, the Secured Party shall send two (2) signed
counterparts of the Agreement to each Pledgor, and each Pledgor shall sign and return one copy of
the Agreement to the Secured Party; provided, however, that the failure by either party
to deliver signed hard copies after the facsimile transmissions shall not affect the validity of
the Agreement.

Section 6.11 Complete Agreement. This Agreement, together with the exhibits and schedules
hereto and the Lease Agreement, is intended by the parties as a final expression of their agreement
regarding the subject matter hereof and as a complete and exclusive statement of the terms and
conditions of such agreement.

Section 6.12 Limitation of Liability. No claim shall be made by any Pledgor against
the Secured Party or the affiliates, directors, officers, employees or agents of the Secured Party
for any special, indirect, consequential or punitive damages in respect of any claim for breach of
contract or under any other theory of liability arising out of or related to the transactions
contemplated by this Agreement and the Lease Agreement, or any act, omission or event occurring in
connection therewith; and each Pledgor hereby waives, releases and agrees not to sue upon any claim
for any such damages, whether or not accrued and whether or not known or suspected to exist in its
favor.

Section 6.13
WAIVER OF TRIAL BY JURY. EACH PLEDGOR AND THE SECURED PARTY WAIVE THE
RIGHT TO A TRIAL BY JURY IN ANY ACTION UNDER THIS AGREEMENT OR THE LEASE AGREEMENT OR ANY ACTION
ARISING OUT OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, REGARDLESS OF WHICH PARTY INITIATES
SUCH ACTION OR ACTIONS.

Collateral Agreement

22

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered
as of the date first set forth above.

	 	 	 	 	 
	 	COEUR D’ALENE MINES CORPORATION:

 	 
	 	By:  	/s/ Mitchell Krebs
 	 
	 	 	Name:  	Mitchell Krebs 	 
	 	 	Title:  	Sr. VP and CFO 	 
	 
	 	CDE AUSTRALIA PTY LTD:

 	 
	 	By:  	/s/ Mitchell Krebs
 	 
	 	 	Name:  	Mitchell Krebs 	 
	 	 	Title:  	Director 	 
	 
	 	MITSUBISHI INTERNATIONAL CORPORATION:

 	 
	 	By:  	/s/ Kotaro Tomita
 	 
	 	 	Name:  	Kotaro Tomita 	 
	 	 	Title:  	Division SVP, Precious Metals
Division 	 
	 

[Signature page to Second Amended and Restated Collateral Agreement]

 

 

SCHEDULE 3.02

SCHEDULE OF LOCATIONS AND NAMES

(a) Each Pledgor’s chief executive office and principal place of business on the date hereof and at
any time during the last four months:

	 	 	 

	Coeur Australia

	 	Chief executive office
	 

	 	c/o Coeur d’Alene Mines Corporation
	 

	 	505 Front Avenue
	 

	 	Coeur d’Alene, ID 83814
	 

	 	USA
	 
	 	 
	 

	 	Principal place of business during last four months
	 

	 	CDE Australia Pty Ltd
	 

	 	3 Spring Street
	 

	 	Sydney NSW 2000
	 

	 	Australia
	 
	 	 
	Parent

	 	Chief executive office
	 

	 	c/o Coeur d’Alene Mines Corporation
	 

	 	505 Front Avenue
	 

	 	Coeur d’Alene, ID 83814
	 

	 	USA

(b) All other places of business of each Pledgor on the date hereof or at any time during the
last five years

	 	 	 

	Coeur Australia

	 	Not applicable
	 
	 	 
	Parent

	 	Not applicable

(c) Each Pledgor’s form and jurisdiction of organization, its identification number in the
records of such jurisdiction and its federal tax identification number

	 	 	 

	Coeur Australia

	 	Form
	 

	 	Proprietary limited corporation
	 
	 	 
	 

	 	Jurisdiction of Organization
	 

	 	Australia
	 
	 	 
	 

	 	Identification Number in Records of Jurisdiction of
Organization
	 

	 	ACN 113 667 682
	 

	 	ABN 40 113 667 682
	 
	 	 
	 

	 	Federal Tax Identification Number
	 

	 	825 504 724 (Australia)
	 
	Parent

	 	Form
	 

	 	Corporation
	 
	 	 
	 

	 	Jurisdiction of Organization
	 

	 	Idaho
	 
	 	 
	 

	 	Identification Number in Records of Jurisdiction of
Organization

Schedule 3.02, Page 1

 

	 	 	 

	 

	 	C16679
	 
	 	 
	 

	 	Federal Tax Identification Number
	 

	 	82-0109423

(d) Each Pledgor’s name as it appears in the official filings in the state of its organization

	 	 	 

	Coeur Australia

	 	CDE Australia Pty Ltd
	 
	 	 
	Parent

	 	COEUR D’ALENE MINES CORPORATION

(e) All prior or current legal names and trade names used within the five years ended on the
date hereof to identify any Pledgor in its business or in the ownership of its properties

	 	 	 

	Coeur Australia

	 	CDE Australia Pty Ltd
	 
	 	 
	Parent

	 	Coeur d’Alene Mines Corporation

(f) The filing offices where a financing statement is required to be filed with respect to
each Pledgor to perfect the Security Interest in the Collateral.

	 	 	 
	Coeur Australia

	 	District of Columbia Recorder of Deeds
	 
	 	 
	Parent

	 	Idaho Secretary of State

Schedule 3.02, Page 2

 

EXHIBIT A

WELLS FARGO BANK, N.A.

TRADE SERVICES DIVISION — STANDBY LETTER OF CREDIT UNIT

One Front Street, 21st Floor, San Francisco, California 94111

Phone: (800) 798-2815 Option 1. E-Mail: sftrade@wellsfargo.com

IRREVOCABLE LETTER OF CREDIT

	 	 	 

	BENEFICIARY:
	 	 
	Mitsubishi International Corporation

	 	Letter of Credit No.: [ ]
	655 Third Avenue, 5th Floor

	 	Date: December 5, 2008
	New York, NY 10017

Attention: Robert Armstrong
	 	 
	Telephone: 212-605-2152
	 	 

Ladies and Gentlemen:

     At the request and for the account of Coeur D’Alene Mines Corporation, 505 E Front Avenue,
Coeur D’Alene, ID 83814, we hereby establish our irrevocable Letter of Credit in your favor in the
amount of [ ] United States Dollars (US $[ ]). This Letter of Credit is available with us at our
above office by payment of your draft(s) drawn on us at sight.

     Except as expressly stated herein, this undertaking is not subject to any condition or
qualification whatsoever. The obligation of Wells Fargo Bank, N.A. under this Credit is the
individual obligation of Wells Fargo Bank, N.A. and is in no way contingent upon reimbursement with
respect thereto.

     Partial and multiple drawings are permitted under this Letter of Credit.

     Each draft or demand must be marked “DRAWN UNDER WELLS FARGO BANK, N. A. LETTER OF CREDIT NO.
[ ]”.

     This Letter of Credit expires at our above office on December 5, 2009.

     If any instructions accompanying a drawing under this Letter of Credit request that payment is
to be made by transfer to an account with us or at another bank, we and/or such other bank may rely
on an account number specified in such instructions even if the number identifies a person or
entity different from the intended payee.

     This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits
(2007 Revision) International Chamber of Commerce Publication No. 600 (“UCP”) and engages us in
accordance with the terms thereof.

A-1

 

     THIS
IS AN INTEGRAL PART OF LETTER OF CREDIT NUMBER [ ]

     Should you have occasion to communicate with us regarding this Letter of Credit, kindly direct
your communication to our Trade Services Division, Northern California at the address above making
specific reference to the number of the Letter or Credit.

     We hereby engage with you that each draft drawn and presented to us in compliance with the
terms and provisions of this Letter of Credit will be duly honored by payment to you of the amount
requested.

	 	 	 	 	 
	 	Very truly yours,

WELLS FARGO BANK, N. A.

 	 
	 	By:  	 	 
	 	 	(Authorized Signature) 	 
	 	 	 	 

A-2

 

	 	 	 	 	 

EXHIBIT B

RESTRICTED ACCOUNT AND SECURITIES

ACCOUNT CONTROL AGREEMENT

(Access Restricted after Instructions)

This Restricted Account and Securities Account Control Agreement (this “Agreement”), dated as
of the date specified on the initial signature page of this Agreement, is entered into by and among
CDE Australia PTY LTD (“Company”), Mitsubishi International Corporation, a New York Corporation
(“Secured Party”) and [Bank] (“Bank”), and sets forth the rights of Secured Party and the
obligations of Bank with respect to the deposit accounts of Company at Bank identified at the end
of this Agreement as the Restricted Accounts (each hereinafter referred to individually as a
“Restricted Account” and collectively as the “Restricted Accounts”) and each securities account of
Company at Bank linked to any Restricted Account by a sweep mechanism, provided that such
securities account either (i) bears an account number identical to the linked Restricted Account or
(ii) is separately identified by number at the end of this Agreement as a Securities Account (each
hereinafter referred to individually as a “Securities Account” and collectively as “Securities
Accounts”). As used in this Agreement, the term “Restricted Account” also refers to each
“Preferred Option Sweep Account” (each hereinafter an “Offshore Account”) maintained by Company
with Bank and linked to another Restricted Account by a sweep mechanism. Company and Secured Party
understand and acknowledge that each Restricted Account which is an Offshore Account is a
subaccount, in the name of Company, of an offshore U.S. Dollar-denominated deposit account of Bank
maintained with Bank’s Grand Cayman branch, and that any transfer of funds into or out of the
Offshore Account, pursuant to Section 4 of this Agreement or otherwise, must pass through the
domestic Restricted Account to which the Offshore Account is specifically linked. Each account
numerically designated as a Restricted Account includes, for purposes of this Agreement, and
without the necessity of separately listing subaccount numbers, all subaccounts presently existing
or hereafter established for deposit reporting purposes and integrated with the numerically
designated Restricted Account by an arrangement in which deposits made through subaccounts are
posted only to the designated Restricted Account.

	1.	 	Secured Party’s Interest in Restricted Accounts and Securities Accounts. Secured Party
represents that it has extended credit to Company and has been granted a security interest in
the Restricted Accounts and Securities Accounts. Company hereby confirms, and Bank hereby
acknowledges, the security interest granted by Company to Secured Party in all of Company’s
right, title and interest in and to (i) the Restricted Accounts and all funds now or hereafter
on deposit in or payable or withdrawable from the Restricted Accounts (the “Restricted Account
Funds”), and (ii) the Securities Accounts and all financial assets, security entitlements,
investment property, and other property and the proceeds thereof now or at any time hereafter
held in the Securities Accounts (the “Securities Account Assets”). (As used herein, the terms
“investment property,” “financial asset”, “entitlement order” and “security entitlement” shall
have the respective meanings set forth in the Uniform Commercial Code of the state whose law
governs this Agreement. The parties hereby expressly agree that all property, including
without limitation, cash, certificates of deposit and mutual funds, at any time held in any of
the Securities Accounts is to be treated as a “financial asset”.) Except as specifically
provided otherwise in this Agreement, Company has given Secured Party complete control over
the Restricted Accounts, the Restricted Account Funds, the Securities Accounts, and the
Securities Account Assets. Company and Secured Party desire to enter into this Agreement to
further the arrangements between Secured Party and Company regarding the Restricted Accounts
and the Securities Accounts.

	2.	 	Access to Restricted Accounts and Securities Accounts. Secured Party agrees that until Bank
receives, and has had a reasonable opportunity to act upon, written instructions from

B-1

 

	 	 	Secured Party directing that Company no longer have access to any Restricted Account Funds
or Securities Account Assets (the “Instructions”), Company will be allowed access to the
Restricted Account Funds, and access to the Securities Account Assets through redemption of
Securities Account Assets and transfer of the proceeds of such redemption in each case to
the applicable Restricted Account. After Bank receives the Instructions, (a) Company will
no longer be allowed access to the Restricted Account Funds or Securities Account Assets,
and (b) Secured Party will have the exclusive right to direct the disposition of all
Restricted Account Funds and Securities Account Assets; and Bank agrees to transfer the
Restricted Account Funds and Securities Account Assets to Secured Party in accordance with
the provisions of Section 4 below, subject to the conditions set forth in this Agreement.
Company agrees that the Restricted Account Funds and Securities Account Assets should be
paid and/or delivered to Secured Party after Bank receives the Instructions, and hereby
irrevocably authorizes Bank to comply with the Instructions even if Company objects in any
way to the Instructions.

	3.	 	Balance Reports. Bank agrees, at the telephone request of Secured Party on any day on which
Bank is open to conduct its regular banking business other than a Saturday, Sunday or public
holiday (a “Business Day”), to make available to Secured Party a report (“Balance Report”)
showing the available balance in the Restricted Accounts and Securities Accounts as of the
beginning of such Business Day, either on-line or by facsimile transmission, at Bank’s option.
Company expressly consents to this transmission of information.

	4.	 	Transfers to Secured Party. Bank agrees that on each Business Day after it receives the
Instructions it will transfer to the Secured Party’s account specified at the end of this
Agreement with the bank specified at the end of this Agreement or (if no account is so
specified) to such account as Secured Party specifies in the Instructions (in either case, the
“Secured Party Account”) the full amount of the available balance in the Restricted Accounts
at the beginning of such Business Day, including all Restricted Account Funds and Securities
Account Assets in all Offshore Accounts or Securities Accounts linked to the Restricted
Accounts. Bank will use the Fedwire system to make each funds transfer unless for any reason
the Fedwire system is unavailable, in which case Bank will determine the funds transfer system
to be used in making each funds transfer and the means by which each transfer will be made.
Bank, Secured Party and Company each agree that Bank will, without further consent of Company,
comply with (i) instructions given to Bank by Secured Party directing disposition of funds in
the Restricted Accounts, and (ii) entitlement orders originated by Secured Party directing
disposition of Securities Account Assets in the Securities Accounts, subject otherwise to the
terms of this Agreement and Bank’s standard policies, procedures and documentation in effect
from time to time governing the type of disposition requested. Except as otherwise required
by law, Bank will not agree with any third party to comply with instructions or entitlement
orders originated by such third party for disposition of Restricted Account Funds in any of
the Restricted Accounts or Securities Account Assets in any of the Securities Accounts.

	5.	 	Returned Items. Secured Party and Company understand and agree that the face amount
(“Returned Item Amount”) of each Returned Item will be paid by Bank debiting the Restricted
Account into which such Returned Item was originally deposited, without prior notice to
Secured Party or Company. As used in this Agreement, the term “Returned Item” means (i) any
item deposited to a Restricted Account and returned unpaid, whether for insufficient funds or
for any other reason, and without regard to the timeliness of such return or the occurrence or
timeliness of any drawee’s notice of non-payment; (ii) any item subject to a claim against
Bank of breach of transfer or presentment warranty under the Uniform Commercial Code (as
adopted in the applicable state) or Regulation CC (12 C.F.R. §229), as in effect from time to
time; (iii) any automated clearing house (“ACH”) entry credited to a Restricted Account and
returned unpaid or subject to an adjustment entry under applicable clearing house rules,
whether for insufficient funds or for any other reason, and without regard to the timeliness
of such return or adjustment; (iv) any credit to a Restricted Account from a merchant card
transaction, against which a contractual demand for chargeback has been made; and (v) any
credit to a Restricted Account

B-2

 

	 	 	made in error. Company agrees to pay all Returned Item Amounts immediately on demand,
without setoff or counterclaim, to the extent there are not sufficient funds in the
applicable Restricted Account to cover the Returned Item Amounts on the day they are to be
debited from the Restricted Account. Secured Party agrees to pay all Returned Item Amounts
within thirty (30) calendar days after demand, without setoff or counterclaim, to the extent
that (i) the Returned Item Amounts are not paid in full by Company within fifteen (15)
calendar days after demand on Company by Bank, and (ii) Secured Party has received proceeds
from the corresponding Returned Items.

	6.	 	Settlement Items. Secured Party and Company understand and agree that the face amount
(“Settlement Item Amount”) of each Settlement Item will be paid by Bank debiting the
applicable Restricted Account, without prior notice to Secured Party or Company. As used in
this Agreement, the term “Settlement Item” means (i) each check or other payment order drawn
on or payable against any controlled disbursement account or other deposit account at any time
linked to a Restricted Account by a zero balance account connection (each a “Linked Account”),
which Bank cashes or exchanges for a cashier’s check or official check over its counters in
the ordinary course of business prior to receiving the Instructions and having had a
reasonable opportunity to act on them, and which is presented for settlement against the
Restricted Account (after having been presented against the Linked Account) after Bank
receives the Instructions, (ii) each check or other payment order drawn on or payable against
a Restricted Account, which, on the Business Day Bank receives the Instructions, Bank cashes
or exchanges for a cashier’s check or official check over its counters in the ordinary course
of business after Bank’s cutoff time for posting, (iii) each ACH credit entry initiated by
Bank, as originating depository financial institution, on behalf of Company, as originator,
prior to Bank having received the Instructions and having had a reasonable opportunity to act
on them, which ACH credit entry settles after Bank receives the Instructions, and (iv) any
other payment order drawn on or payable against a Restricted Account, which Bank has paid or
funded prior to receiving the Instructions and having had a reasonable opportunity to act on
them, and which is first presented for settlement against the Restricted Account in the
ordinary course of business after Bank receives the Instructions and has transferred
Restricted Account Funds to Secured Party under Section 4 of this Agreement. Company agrees
to pay all Settlement Item Amounts immediately on demand, without setoff or counterclaim, to
the extent there are not sufficient funds in the applicable Restricted Account to cover the
Settlement Item Amounts on the day they are to be debited from the Restricted Account.
Secured Party agrees to pay all Settlement Item Amounts within thirty (30) calendar days after
demand, without setoff or counterclaim, to the extent that (i) the Settlement Item Amounts are
not paid in full by Company within fifteen (15) calendar days after demand on Company by Bank,
and (ii) Secured Party has received Restricted Account Funds under Section 4 of this
Agreement.

	7.	 	Bank Fees. Company agrees to pay all Bank’s fees and charges for the maintenance and
administration of the Restricted Accounts and Securities Accounts and for the treasury
management and other account services provided with respect to the Restricted Accounts and
Securities Accounts (collectively “Bank Fees”), including, but not limited to, the fees for
(a) the Balance Reports provided on the Restricted Accounts and Securities Accounts, (b) the
funds transfer services received with respect to the Restricted Accounts, (c) Returned Items,
(d) funds advanced to cover overdrafts in the Restricted Accounts (but without Bank being in
any way obligated to make any such advances), and (e) duplicate bank statements on the
Restricted Accounts. The Bank Fees will be paid by Bank debiting one or more of the
Restricted Accounts on the Business Day that the Bank Fees are due, without notice to Secured
Party or Company. If there are not sufficient funds in the Restricted Accounts to cover fully
the Bank Fees on the Business Day they are debited from the Restricted Accounts, such
shortfall or the amount of such Bank Fees will be paid by Company sending Bank a check in the
amount of such shortfall or such Bank Fees, without setoff or counterclaim, within fifteen
(15) calendar days after demand of Bank. After Bank receives the Instructions, Secured Party
agrees to pay the Bank Fees within thirty (30) calendar days after demand, without setoff or
counterclaim, to the extent

B-3

 

	   	 	such Bank Fees are not paid in full by Company by check within fifteen (15) calendar days
after demand on Company by Bank.

	8.	 	Account Documentation. Secured Party and Company agree that, except as specifically provided
in this Agreement, the Restricted Accounts and Securities Accounts will be subject to, and
Bank’s operation of the Restricted Accounts and Securities Accounts will be in accordance
with, the terms and provisions of (i) Bank’s Commercial Account Agreement or other deposit
account agreement governing the Restricted Accounts and (ii) Bank’s Acceptance of Services,
Master Agreement for Treasury Management Services, and applicable sweep option Service
Description or securities account agreement governing the Offshore Accounts and Securities
Accounts (collectively, the “Account Documentation”).

	9.	 	Bank Statements. After Bank receives the Instructions, Bank will, upon receiving a written
request from Secured Party, send to Secured Party by United States mail, at the address
indicated for Secured Party after its signature to this Agreement, duplicate copies of all
bank statements on the Restricted Accounts and Securities Accounts which are sent to Company.
Company and/or Secured Party will have thirty (30) calendar days after receipt of a bank
statement to notify Bank of an error in such statement. Bank’s liability for such errors is
limited as provided in the “Limitation of Liability” section of this Agreement.

	10.	 	Partial Subordination of Bank’s Rights. Bank hereby subordinates to the security interest of
Secured Party in the Restricted Accounts and Securities Accounts (i) any security interest
which Bank may have or acquire in the Restricted Accounts or Securities Accounts, and (ii) any
right which Bank may have or acquire to set off or otherwise apply any Restricted Account
Funds or Securities Account Assets against the payment of any indebtedness from time to time
owing to Bank from Company, except for debits to the Restricted Accounts permitted under this
Agreement for the payment of Returned Item Amounts, Settlement Item Amounts or Bank Fees.

	11.	 	Bankruptcy Notice; Effect of Filing. If Bank at any time receives notice of the commencement
of a bankruptcy case or other insolvency or liquidation proceeding by or against Company (a
“Bankruptcy Notice”), Bank will continue to comply with its obligations under this Agreement,
except to the extent that any action required of Bank under this Agreement is prohibited under
applicable bankruptcy laws or regulations or is stayed pursuant to the automatic stay imposed
under the United States Bankruptcy Code or by order of any court or agency. With respect to
any obligation of Secured Party hereunder which requires prior demand upon Company, the
commencement of a bankruptcy case or other insolvency or liquidation proceeding by or against
Company shall automatically eliminate the necessity of such demand upon Company by Bank, and
shall immediately entitle Bank to make demand on Secured Party with the same effect as if
demand had been made upon Company and the time for Company’s performance had expired.

	12.	 	Legal Process, Legal Notices and Court Orders. Bank will comply with any legal process,
legal notice or court order it receives if Bank determines in its sole discretion that the
legal process, legal notice or court order is legally binding on it.

	13.	 	Indemnification for Following Instructions. Secured Party and Company each agree that,
notwithstanding any other provision of this Agreement, Bank will not be liable to Secured
Party or Company for any losses, liabilities, damages, claims (including, but not limited to,
third party claims), demands, obligations, actions, suits, judgments, penalties, costs or
expenses, including, but not limited to, attorneys’ fees, (collectively, “Losses and
Liabilities”) suffered or incurred by Secured Party or Company as a result of or in connection
with, (a) Bank complying with any binding legal process, legal notice or court order referred
to in Section 12 of this Agreement, (b) Bank following any instruction or request of Secured
Party, or (c) Bank complying with its obligations under this Agreement. Company will
indemnify Bank against any Losses and Liabilities Bank may suffer or incur as a result of or
in connection with any of the

B-4

 

	     	 	circumstances referred to in clauses (a) through (c) of this Section 13. To the extent not
paid by Company within fifteen (15) calendar days after demand, Secured Party will indemnify
Bank against any Losses and Liabilities Bank may suffer or incur as a result of or in
connection with any of the circumstances referred to in clause (b) of this Section 13.

	14.	 	No Representations or Warranties of Bank. Bank agrees to perform its obligations under this
Agreement in a manner consistent with the quality provided when Bank performs similar services
for its own account. However, Bank will not be responsible for the errors, acts or omissions
of others, such as communications carriers, correspondents or clearinghouses through which
Bank may perform its obligations under this Agreement or receive or transmit information in
performing its obligations under this Agreement. Secured Party and Company also understand
that Bank will not be responsible for any loss, liability or delay caused by wars, failures in
communications networks, labor disputes, legal constraints, fires, power surges or failures,
earthquakes, civil disturbances or other events beyond Bank’s control. BANK MAKES NO EXPRESS
OR IMPLIED REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE SERVICES PROVIDED HEREUNDER OTHER
THAN THOSE EXPRESSLY SET FORTH IN THIS AGREEMENT.

	15.	 	Limitation of Liability. Bank will not be responsible for any Losses and Liabilities due to
any cause other than its own negligence or breach of this Agreement, in which case its
liability to Secured Party and Company shall, unless otherwise provided by any law which
cannot be varied by contract, be limited to direct money damages in an amount not to exceed
ten (10) times all the Bank Fees charged or incurred during the calendar month immediately
preceding the calendar month in which such Losses and Liabilities occurred (or, if no Bank
Fees were charged or incurred in the preceding month, the Bank Fees charged or incurred in the
month in which the Losses and Liabilities occurred). Company will indemnify Bank against all
Losses and Liabilities suffered or incurred by Bank as a result of third party claims;
provided, however, that to the extent such Losses and Liabilities are directly caused by
Bank’s negligence or breach of this Agreement such indemnity will only apply to those Losses
and Liabilities which exceed the liability limitation specified in the preceding sentence.
The limitation of Bank’s liability and the indemnification by Company set out above will not
be applicable to the extent any Losses and Liabilities of any party to this Agreement are
directly caused by Bank’s gross negligence or willful misconduct. IN NO EVENT WILL BANK BE
LIABLE FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, INDIRECT OR PUNITIVE DAMAGES, WHETHER ANY
CLAIM IS BASED ON CONTRACT OR TORT, WHETHER THE LIKELIHOOD OF SUCH DAMAGES WAS KNOWN TO BANK
AND REGARDLESS OF THE FORM OF THE CLAIM OR ACTION, INCLUDING, BUT NOT LIMITED TO, ANY CLAIM OR
ACTION ALLEGING GROSS NEGLIGENCE, WILLFUL MISCONDUCT, FAILURE TO EXERCISE REASONABLE CARE OR
FAILURE TO ACT IN GOOD FAITH. Any action against Bank by Company or Secured Party under or
related to this Agreement must be brought within twelve (12) months after the cause of action
accrues.

	16.	 	Termination. This Agreement may be terminated by Secured Party at any time by giving thirty
(30) calendar days prior written notice of such termination to the other parties to this
Agreement at their contact addresses specified after their signatures to this Agreement;
Company’s and Secured Party’s obligation to report errors in funds transfers and bank
statements and to pay Returned Items Amounts, Settlement Item Amounts, and Bank Fees, as well
as the indemnifications made, and the limitations on the liability of Bank accepted, by
Company and Secured Party under this Agreement will continue after the termination of this
Agreement and/or the closure of the Restricted Accounts and/or Securities Accounts with
respect to all the circumstances to which they are applicable existing or occurring before
such termination or closure, and any liability of any party to this Agreement, as determined
under the provisions of this Agreement, with respect to acts or omissions of such party prior
to such termination or

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	     	 	closure will also survive such termination or closure. Upon any termination of this
Agreement and the Service or closure of the Restricted Accounts all available balances in
the Restricted Accounts (including proceeds from redemption of all Securities Account
Assets) on the date of such termination or closure will be transferred to Secured Party as
requested by Secured Party in writing to Bank.

	17.	 	Modifications, Amendments, and Waivers. This Agreement may not be modified or amended, or
any provision thereof waived, except in a writing signed by all the parties to this Agreement.

	18.	 	Notices. All notices from one party to another shall be in writing, or be made by
telecopier, and shall be delivered to Company, Secured Party and/or Bank at their contact
addresses specified after their signatures to this Agreement, or any other address of any
party notified to the other parties in writing, and shall be effective upon receipt. Any
notice sent by a party to this Agreement to another party shall also be sent to all other
parties to this Agreement. Bank is authorized by Company and Secured Party to act on any
instructions or notices received by Bank if (a) such instructions or notices purport to be
made in the name of Secured Party, (b) Bank reasonably believes that they are so made, and (c)
they do not conflict with the terms of this Agreement as such terms may be amended from time
to time, unless such conflicting instructions or notices are supported by a court order. In
furtherance of the intentions of the parties hereof, this Agreement shall constitute written
notice by Secured Party to Bank and Bank’s Grand Cayman branch of Secured Party’s security
interest in the Restricted Accounts and Securities Accounts.

	19.	 	Successors and Assigns. Neither Company nor Secured Party may assign or transfer its rights
or obligations under this Agreement to any person or entity without the prior written consent
of Bank, which consent will not be unreasonably withheld or delayed. Notwithstanding the
foregoing, Secured Party may transfer its rights and duties under this Agreement to (i) a
transferee to which, by contract or operation of law, Secured Party transfers substantially
all of its rights and duties under the financing or other arrangements between Secured Party
and Company, or (ii) if Secured Party is acting as a representative in whose favor a security
interest is created or provided for, a transferee that is a successor representative; provided
that as between Bank and Secured Party, Secured Party will not be released from its
obligations under this Agreement unless and until Bank receives any such transferee’s binding
written agreement to assume all of Secured Party’s obligations hereunder. Bank may not assign
or transfer its rights or obligations under this Agreement to any person or entity without the
prior written consent of Secured Party, which consent will not be unreasonably withheld or
delayed; provided, however, that no such consent will be required if such assignment or
transfer takes place as part of a merger, acquisition or corporate reorganization affecting
Bank.

	20.	 	Governing Law. This Agreement shall be governed by and be construed in accordance with the
laws of the state of New York without regard to conflict of laws principles. This state shall
also be deemed to be Bank’s jurisdiction, for purposes of Article 9 of the Uniform Commercial
Code as it applies to this Agreement. Notwithstanding the foregoing, the parties agree that
any controversy or claim arising out of or related to this Agreement shall be submitted to
binding arbitration in accordance with the Arbitration Agreement in the Account Documentation
as defined in Section 8 above.

	21.	 	Severability. To the extent that the terms of this Agreement are inconsistent with, or
prohibited or unenforceable under, any applicable law or regulation, they will be deemed
ineffective only to the extent of such prohibition or unenforceability and be deemed modified
and applied in a manner consistent with such law or regulation. Any provision of this
Agreement which is

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	     	 	deemed unenforceable or invalid in any jurisdiction shall not affect the enforceability or
validity of the remaining provisions of this Agreement or the same provision in any other
jurisdiction.

	22.	 	Counterparts. This Agreement may be executed in any number of counterparts each of which
shall be an original with the same effect as if the signatures thereto and hereto were upon
the same instrument. Delivery of an executed counterpart of a signature page of this
Agreement by telecopier or electronic image scan transmission (e.g. a “pdf” file) shall be
effective as delivery of a manually executed counterpart of the Agreement.

	23.	 	Entire Agreement. This Agreement, together with the Account Documentation, contains the
entire and only agreement among all the parties to this Agreement and between Bank and
Company, and Bank and Secured Party, with respect to (a) the interest of Secured Party in the
Restricted Accounts and Restricted Account Funds, (b) the interest of Secured Party in the
Securities Accounts and Securities Account Assets, and (c) Bank’s obligations to Secured Party
in connection with the Restricted Accounts and Securities Accounts.

[SIGNATURE PAGE FOLLOWS]

B-7

 

This Agreement has been signed by the duly authorized officers or representatives of Company,
Secured Party and Bank on the date specified below.

Date: December  , 2008

	 	 	 

	Restricted Account Number(s):
	 	 
	 

	 	 
	Securities Account Number(s):
	 	 
	 

	 	 
	Secured Party Account Number:
	 	 
	 

	 	 
	Bank of Secured Party Account:
	 	 
	 

	 	 
	 
	 	 
	CDE AUSTRALIA PTY LTD

	 	MITSUBISHI INTERNATIONAL
	 

	 	CORPORATION
	 
	 	 
	By:

	 	By:
	 

	 	 
 
	Name:

	 	Name:
	 

	 	 
 
	Title:

	 	Title:
	 

	 	 
	 
	 	 
	Address for Notices:

	 	Address for Notices:
	 
	 	 
	 
	 

	 	 
	 
	 	 
	 
	 

	 	 
	 
	 
	 	 
	 

	 	 
	 
	 	 
	[BANK]
	 	 
	 
	 	 
	By:
	 	 
	 

	 	 
	Name:
	 	 
	 

	 	 
	Title:
	 	 
	 

	 	 
	 
	 	 
	Address for Notices:
	 	 
	 
	 	 
	 

	 	 
	 
	 

	 	 
	 
	 

	 	 

B-8

 

EXHIBIT C

CONFIDENTIAL

Date:                     

CDE Australia Pty Ltd

Level 13, Suite 12

3 Spring Street

NSW 2000, Sydney

Australia, NSW

[Buyer]

[Address]

Payment Instructions

Dear Sirs:

     The undersigned refer to the [Agreement] (the “Silver Sale Agreement”) [between][among] CDE
Australia Pty Ltd (“Coeur Australia”, “us” or “we”) [Coeur D’Alene Mines Corporation (the
“Parent”),] [if applicable] and [Buyer] (“you”).

     We hereby authorize Mitsubishi International Corporation (“MIC”) to instruct you, by this
letter, to direct all payments you are required to make to us under the Silver Sale Agreement to
the account specified below:

     Account:

     MIC hereby instructs you, pursuant to Coeur Australia’s authorization above, to direct all
payments you are required to make to Coeur Australia under the Silver Sale Agreement to the account
specified above.

[Remainder of page intentionally left blank]

C-1

 

	 	 	 	 	 
	 	Very truly yours,

CDE AUSTRALIA PTY LIMITED

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	MITSUBISHI INTERNATIONAL CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

C-2

 

EXHIBIT D

[REFINER]

[ADDRESS]

Telephone: [*] Fax: [*]

Email: [*]

	 	 	 	 
				
	To:                 Mitsubishi International Corporation

	 	 	From
	
	Attn:

	 		Date:
	Fax:

	 		Fax:

Ref. XXXXXX

In accordance with the instruction of Empresa Minera Manquiri S.A., a company duly organized under
the laws of Bolivia and having its registered principal place of business at Calle 14 esq. Sanchez
Bustamante Calacoto, La Paz, Bolivia (“Company”), and as agreed between Mitsubishi International
Corporation (“you”) and Company, we hereby notify you of our agreement as follows:

We hereby confirm to you that we have received an instruction from Company to the effect that its
rights in relation to the doré bars owned by Company and in our possession for purposes of refining
into silver and gold bars of a size and fineness that meet metals market delivery standards (the
“Metal”) have been pledged to you.

We acknowledge that, solely for purposes of Section 9-313(c) of the Uniform Commercial Code, we
hold possession of the Metal for your benefit as your agent for perfection, subject to the terms
and conditions set forth in the San Bartolome Dore Custom Refining Agreement, made as of January
28, 2008, between us and Company, as from time to time amended, modified or replaced (the “Refining
Agreement”) and, to the extent not inconsistent with the Refining Agreement, our standard refining
conditions (collectively, the “Refining Conditions”). We shall have no duty of care hereunder with
respect to the Metal, other than to act in accordance with the Refining Conditions. We shall have
no obligation to take any actions to preserve your or Company’s rights against other parties with
respect to any Metal.

We agree that at any time after you notify us that the aggregate value of the in-process doré and
pool balances held by the Company is in a Shortfall position and specify in such notice the
equivalent of the amount of the Shortfall in troy ounces of refined silver (such notification, a
“Shortfall Notice”), we shall not credit to Company’s metals accounts with us, sell for the account
of Company, or otherwise dispose of any refined silver (any of the foregoing, a “Disposition”)
without your written permission until after such time as you have notified us that a Shortfall no
longer exists.

We agree that, if at any time, we shall have received a written notice from you (a “Metal Blockage
Notice”) stating that an Event of Default has occurred between you and Company and stating that
such notice is a Metal Blockage Notice for purposes hereof, we shall, unless and until we shall
have received a written notice from you rescinding such Metal Blockage Notice, make all payments or
metals account credits that would otherwise be due to Company under the Refining Agreement to the
bank or metals account specified by you in such Metal Blockage Notice, provided that,
notwithstanding the above, we may debit Company’s account to pay Company’s unpaid obligations to us
under the Refining Agreement so long as the amount so debited does not exceed the aggregate charges
applicable to the quantity of doré in our possession at the time we receive the Metal Blockage
Notice. Such debits may be made prior to our making any payment or metals account credit to you.

[Signature page follows]

Page 1 of Refinery Pledge Agreement – [REFINER]

D-1

 

	 	 	 	 	 
	[REFINER]

 	 	

	By:  	 
	 
	Accepted: Mitsubishi International Corporation 	 
	 
	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	Accepted by:  Empresa Minera Manquiri 	 
	 	 
	By: 	 	 
	 		 
	CC XXXXXX     Fax 	 	 
	 

[Signature page to [REFINER] Refinery Pledge Agreement]

D-2

 

EXHIBIT E

Values Table and Credit Support

The minimum amount of Collateral required to be provided hereunder shall be the sum of the
Australia Collateral Threshold, the Refinery Collateral Threshold and the L/C Amount Threshold
(such sum, the “Total Collateral Requirement”). The Collateral provided hereunder will be
comprised of the Wells Fargo L/C plus quantities of Refinery Collateral and Australia Collateral,
each in at least the amounts specified in the table below.

	 	 	 

	Uncollateralized Portion

	 	$2.50 million
	Minimum amount of Australia Collateral 
(“Australia
Collateral Threshold”)

	 	$9.00 million
	Minimum amount of Refinery Collateral

(“Refinery Collateral Threshold”)

	 	$9.25 million
	Minimum amount of Wells Fargo L/C

(“L/C Amount Threshold”)

	 	$4.25 million

E-1

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