Document:

Exhibit 10.20 

BANDAG, INCORPORATED
PERFORMANCE UNIT
AGREEMENT 

        You
have been selected to receive performance units (PUs) under the Bandag, Incorporated 2004
Stock Grant and Awards Plan (the “Plan”). The following sets forth the terms and
conditions of the PUs: 

        Participant:
__________________________ 

        1.    
 Grant of PUs.  The Management Continuity and Compensation Committee of the
          Board of Directors of the Company (the “Committee”) has awarded to
you           PUs, subject to the terms and conditions of this Agreement.  

        2.    General
Terms of Your PUs.  The number of PUs subject to this Agreement is
          ______________.  

        The
value of each PU is the Fair Market Value of one share of the Company’s Class A
Common Stock (the “Shares”). 

        The
"Grant Date" of this Award is:  _________________ 

        3.    Vesting
of PUs.  The PUs will vest in full as of December 31, 2008,           in
accordance with the degree to which the performance goals determined by the
          Management Continuity and Compensation Committee and communicated to you
          (“Performance Goals”) are met, provided, however, if you terminate
          employment from the Company or an Affiliate as a result of death, Disability or
          Retirement prior to December 31, 2008, your PUs will continue until
          December 31, 2008, and payment will be made to you (or your estate or
          beneficiary in the event of your death) to the extent required under this
          Agreement, including any payment required by Paragraph 5 hereof.  

        Except
in the case of death, Disability or Retirement, if you are involuntarily terminated from
the Company or an Affiliate prior to December 31, 2008, you shall, to the extent the
Performance Goals are met, be entitled to a payment which shall be prorated equitably
based on the number of days you were employed by the Company or the Affiliate during the
performance period as compared to the number of days in the performance period, including
the proration of any minimum guaranteed payment pursuant to Paragraph 5 hereof. You shall
not be entitled to any payment if you voluntarily terminate employment prior to
December 31, 2008. 

        4.    Payment
of PUs.  The value of your vested PUs will be paid within           30 days after
the public release of the Company’s financial results           for the fiscal year
ending December 31, 2008, but in no event no later than           December 31,2009.  

        Payment
required to be made hereunder will be made as follows: Fifty percent (50%) of the Fair
Market Value of the PUs shall be made in Shares having a Fair Market Value (determined as
of a date two business days after the public release of the Company’s financial
results for the immediately preceding fiscal year) and fifty percent (50%) of the Fair
Market Value of the PUs shall be paid in cash (valuing each PU as the Fair Market Value of
a Share determined as of a date two business days after the public release of the
Company’s financial results for the immediately preceding year). 

        5.    Minimum
Guaranteed Payment.  In the event none of the Performance Goals           are met, you
shall be entitled to receive a payment (fifty percent (50%) in the           Fair Market
Value of Shares and fifty percent (50%) in cash) equal to twenty           percent (20%)
of the payment you would have received if the Target Performance           Goal had been
attained, such payment to be equitably prorated if required by the           second
paragraph of Paragraph 3.  

        6.    Change
of Control.  Upon a Change of Control, the provisions of           Section 17 of
the Plan as may be subsequently amended shall apply.  

        7.    Failure
to Enforce Not a Waiver.  The failure of the Company to enforce at           any time
any provision of this Agreement shall in no way be a waiver of such           provision
or of any other provision hereof.  

        8.    Participant
Bound by Plan.  You agree to be bound by all the terms and           provisions of the
Plan. The terms of the Plan are expressly incorporated into           this Agreement by
reference and, in the event of any conflict between this           Agreement and the
Plan, the Plan shall govern. Any capitalized terms not defined           herein will have
the meanings given in the Plan. This Agreement is subject to           all of the terms,
conditions and provisions of the Plan, including, without           limitation, the Plan’s
amendment provisions, and to such rules, regulations           and interpretations
relating to the Plan or this Agreement as are adopted by the           Committee and in
effect from time to time. By signing below you agree and accept           on behalf of
yourself, your heirs, legatees and legal representatives that all           decisions or
interpretations of the Committee with respect to the Plan or this           Agreement are
binding, conclusive and final.  

        IN
WITNESS WHEREOF, the parties have executed this Performance Unit Agreement as of the
____ day of __________, 2006. 

Agreement to
Participate 

	 	
By
signing a copy of this Agreement and returning it to the Secretary of the Company, I agree
to participate in the Plan, subject to all of the provisions contained therein. I further
understand that a copy of the Plan will be made available to me upon request to the
Secretary of the Company. 

		
		

		Participant’s Signature

2Exhibit 10(a) 

First Amendment to
Employment Agreement 

        This
First Amendment to Employment Agreement is made effective on the 30th day of March, 2006,
between Coeur d’Alene Mines Corporation (“Company”), and Dennis E. Wheeler
(“Wheeler”). 

        Whereas,
the parties executed an Employment Agreement dated September 17, 2002 (the
“Employment Agreement”), and 

        Whereas,
the parties desire to modify and supplement that Employment Agreement with the terms as
set forth below; 

NOW THEREFORE, in consideration of
the mutual promises and covenants herein contained to be kept and performed by the parties
hereto, the parties agree as follows: 

     1.    
          Term of Employment. The Employment Agreement shall be amended in Section
          2 to read that the term of employment shall be a set term, ending on the
          31st day of December, 2008 with no automatic extensions or renewals
          thereto. 

     2.    
          Compensation. The Employment Agreement shall be amended in Section 3(a)
          to read that Wheeler’s current base salary as of February 1, 2006 shall be
          $540,750, which will be reviewed annually during any contract year, and any
          higher salary to become the revised minimum base salary for the purpose of
          Section 3 of the Employment Agreement. 

All other provisions in the
Employment Agreement remain unchanged and all defined terms are hereby incorporated by
reference. 

IN WITNESS WHEREOF, the parties have
executed this First Amendment to Employment Agreement as of the day and year first written
above. 

Coeur d’ Alene Mines
Corporation 

By/s/ J. Kenneth Thompson
J. Kenneth
Thompson- Chair
Compensation Committee of the Board of Directors  

 

 

/s/ Dennis E. Wheeler
Dennis E. WheelerExhibit 10(b) 

Amended and Restated
Silver Sale and
Purchase Agreement 

Cobar Operations Pty Limited
ACN 103 555 835 

CDE Australia Pty
Limited ACN 113 667 682 

GADENS LAWYERS
Skygarden
Building
77 Castlereagh Street
SYDNEY  NSW  2000 

		
		
	T	+61 2 9931 4999
	F	+61 2 9931 4888
	Ref	Kym Livesley / 2540953

		
	Contents

			
	1.	Definitions and interpretation	1 
	
2.	Conditions Precedent	9 
	
3.	Agreement to sell and buy	9 
	
4.	Quantity	9 
	
5.	Title and risk in the Contained Silver	10 
	
6.	Mining of Endeavor Mine	10 
	
7.	Limitation of liability	11 
	
8.	Royalties	12 
	
9.	Consideration	12 
	
10.	Default interest	14 
	
11.	Grossing up of payments by Cobar	14 
	
12.	Processing and on-sale of Contained Silver	14 
	
13.	Sale of Additional Contained Silver	17 
	
14.	Operating Costs	17 
	
15.	Security	18 
	
16.	Covenants	19 
	
17.	Assignment	19 
	
18.	Change of control	20 
	
19.	Warranties	21 
	
20.	Information Rights	22 
	
21.	Confidentiality	22 
	
22.	Dispute Resolution	23 
	
23.	Termination	25 
	
24.	Coeur Australia's indemnity	26 

ii 

			
	25.	Cobar Indemnity	27 
	
26.	Notices	28 
	
27.	General provisions	30 
	
28.	GST	32 
	
29.	Loan Facility	33 
	
Annexure 1 - Parent Company Guarantee	35 
	
1.	Defined meanings	35 
	
2.	Guarantee	35 
	
3.	Rights to demand	36 
	
4.	Continuing guarantee	36 
	
5.	Obligations unaffected	36 
	
6.	Rights of Parent reserved	36 
	
7.	Reinstatement of Beneficiary's rights	36 
	
8.	Release	37 
	
9.	General provisions	37 

Amended and restated
Silver Sale and Purchase Agreement 

Dated    28 March 2006 

Parties 

     	1.	
          Cobar Operations Pty Limited ACN 103 555 835 of Level 4, 12-14
          O’Connell Street Sydney, New South Wales, Australia (Cobar). 

          

     	2.	
          CDE Australia Pty Ltd, ACN 113 667 682 of Suite 1312, 3 Spring
          Street, Sydney New South Wales, Australia (Coeur Australia). 

          

Background 

     	A.	
          Cobar owns and operates the Endeavor Mine which mines ore containing, among
          other minerals, silver, zinc and lead. 

          

     	B.	
          Pursuant to a Silver Sale and Purchase Agreement dated 7 April 2005, Cobar
          agreed to sell, and Coeur Australia agreed to buy from Cobar, the Contained
          Silver in ore to be mined at the Endeavor Mine on the terms and conditions in
          that Agreement (“Original Agreement”). 

          

     	C.	
          In consequence of changed circumstances at the Endeavor Mine, Cobar and Coeur
          Australia have agreed to amend and supplement the Original Agreement and to
          incorporate those changes in this Amended and Restated Silver Sale and Purchase
          Agreement to replace the Original Agreement on and from the date of this
          Agreement. 

          

Operative provisions 

For good and valuable consideration,
the Parties have agreed as follows. 

	1.  
	Definitions
and interpretation 

	 	
Words
used in this agreement and the rules of interpretation that apply are set out and
explained in this clause. 

	1.1  	Definitions 

	 	
In
this agreement unless the context otherwise requires:  

	 	
Assign
means sell, transfer, assign, make a gift of, declare a trust of or in any other way
dispose of otherwise than by creating an Encumbrance. Assignment and
Assignee have corresponding meanings. 

2 

	 	
Authorised
Officers means a person appointed by a Party to act as a Authorised Officer for the
purposes of this agreement. 

	 	
Bill
Rate means the rate expressed as yield per cent per annum (rounded upwards to four
decimal places) quoted as the average bid rate on the Reuters monitor system page
“BBSY” (or any page which replaces that page), or some equivalent rate
determined in good faith between the Parties if quotation at the rate ceases, on the first
Business Day following the due date (and on the first Business Day following the end of
each succeeding 3 month period after the due date). 

	 	
Business
Day means a day that is not a Saturday, Sunday, public holiday or bank holiday in
Sydney, New South Wales. 

	 	
Coeur
Australia Charge means the charge granted or to be granted pursuant to clause 15.  

	 	
Coeur
Australia Event of Default means the following:  

	 	(a)	failure
by Coeur Australia to pay any amount due under this agreement; 

	 	(b)	Coeur
Australia otherwise commits a material breach of the terms of this           agreement;
or 

	 	(c)	an
Insolvency Event in respect of Coeur Australia. 

	 	
Claim
means any allegation, debt, cause of action, Liability, claim, proceeding, suit or
demand of any nature howsoever arising and whether present or future, fixed or
unascertained, actual or contingent, whether at law, in equity, under statute or
otherwise, and whether or not arising in relation to matters which occurred in the past. 

	 	
Cobar
Event of Default means the following:  

	 	(a)	a
breach by Cobar of covenants set out in clause 16 of this agreement; or  

	 	(b) 	an
Insolvency Event in respect of Cobar.

	 	
Coeur
means Coeur d’Alene Mines Corporation, an Idaho corporation listed on the New
York Stock Exchange.  

	 	
Competent
Person has the meaning given to it in the JORC Code.  

	 	
Concentrate
means the concentrate produced from ore mined by Cobar at the Endeavor Mine containing
Payable Silver. Native silver produced from the Endeavor Mine shall be deemed for the
purposes of this Agreement to be Concentrate 

	 	
Concentrate
Sales Agreements means sales agreements (in whatever form) between Cobar and
Counterparties for the sale of Concentrate by Cobar on Prevailing International Terms in
the ordinary course of Cobar’s business. 

	 	
Confidential
Information means all information of whatsoever nature and in whatsoever form relating
to Cobar, any Related Entity of Cobar, the Endeavor Mine or any Counterparty (including
verbal, or recorded on paper or by electronic means), including the Information, all
financial, operational and technical information, trade secrets, ideas, concepts,
know-how, processes and knowledge. 

3 

	 	
Contained
Silver means, subject to the Maximum Quantity, silver and its related impurities
contained in ore mined or to be mined at the Endeavor Mine. 

	 	
Counterparties
means any purchaser of Concentrate from Cobar, including smelters.  

	 	
CPI
means the consumer price index, All States Weighted Average published by the Australian
Bureau of Statistics, or if the Australian Bureau of Statistics does not or ceases to
publish the index, then CPI will mean an index determined by The Australasian Institute of
Mining and Metallurgy to be the best estimate of the index. 

	 	
Encumbrance
means any mortgage, lien, restriction against transfer, pledge, claim, encumbrance and
any third party interest. 

	 	
Endeavor
Mine is the mine and associated facilities from time to time located on Mining Leases
158, 159, 160, 161 and 930 near Cobar, New South Wales, Australia. 

	 	
Endeavor
Mine Plan means the plan adopted by Cobar outlining the key parameters, mining
approach and production plan of the Endeavor Mine, as amended, updated or varied from time
to time by Cobar. 

	 	
Expert
means the person appointed in accordance with clause 22.2(a).  

	 	
Force
Majeure Event includes fires, floods, earthquakes, storms and other disturbances cause
by the elements, strikes, lockouts, riots, explosions, governmental action, unavailability
of equipment, acts of God, insurrection, war, inability of a Party to obtain any licence
or permit without which any obligation under this agreement is unable to be satisfied, and
any other cause whether of a kind specified above or otherwise and, in respect of each and
all of such events, which is not reasonably within the control of a Party. It does not
include the inability of a Party, for whatever reason, to pay money it is obliged to pay. 

	 	
Governmental
Agency means any government, government department, or governmental, semi-governmental
or judicial body or authority or person charged with the administration of any applicable
law. 

	 	
Go
Forward Plan means the Endeavor Mine Plan approved by the Board of Directors of the
Parent on 12 December 2005 and as varied with the approval of the Board of Directors of
the Parent from time to time thereafter. 

	 	
GST
means any tax, levy, charge or impost implemented under the A New Tax System (Goods and
Services Tax)  Act (GST Act) or an Act of the Parliament of the
Commonwealth of Australia substantially in the form of, or which has a similar effect to,
the GST Act. 

	 	
Information
means all information directly relating to Cobar’s mining and sale of silver at
Endeavour Mine, including: 

          	 	(a) 	
               smelter returns, smelter contracts, settlement sheets, invoices and related
               correspondence relating to the sale of silver; 

               

          	 	(b) 	
               annual production forecasts;  

               

	 	(c)  	mine
plans; 

4 

	 	 (d)  	reserve
and resource reports;  

          	 	(e) 	
               reports to the Department of Primary Industries;  

               

	 	(f)  	monthly
mine reports;  

	 	(g)  	disclosures
to the Australian Stock Exchange; and 

          	 	(h) 	
               any third party audits or reviews that are conducted which may impact on
               resources or reserves at the Endeavor Mine; 

               

	 	
and
includes all information provided to Coeur Australia under clause 20.  

	 	
Insolvency
Event means the happening of any of the following events:  

          	 	(a) 	
               granting of an order or an order is made appointing a liquidator, provisional
               liquidator in respect of a Party (or proceedings are commenced or a resolution
               passed or proposed in a notice of meeting for any of those things); 

               

          	 	(b) 	
               granting of an order for the winding up or similar process of a Party, or an
               order is made or any effective resolution is passed for the winding up of a
               Party; 

               

          	 	(c) 	
               except to reconstruct or amalgamate while solvent on terms approved by the
               non-defaulting Party, a Party enters into, or resolves to enter into, a scheme
               of arrangement, deed of company arrangement or composition with, or assignment
               for the benefit of, all or any class of its creditors, or it proposes a
               reorganisation, moratorium or other administration involving any class of its
               creditors; 

               

          	 	(d) 	
               a controller is appointed to or over or takes possession of all or a substantial
               part of the assets or undertakings of a Party; 

               

          	 	(e) 	
               a Party is or is deemed or presumed by law or a court to be insolvent; 

               

          	 	(f) 	
               a Party takes any step to obtain protection or is granted protection from its
               creditors, under any applicable legislation or an administrator is appointed to
               a Party; and 

               

          	 	(g) 	
               anything analogous or having a substantially similar effect to any of the events
               specified above happens in respect of Cobar, Coeur Australia under the law of
               any applicable jurisdiction; 

               

	 	
JORC
Code means the Australasian Code for Reporting of Mineral Resources and Ore Reserves
that is incorporated into the Listing Rules of the Australian Stock Exchange. 

	 	
Legal
Action means any action, application, proceeding, dispute, Claim, counterclaim, third
party claim, claim for contribution or indemnity, inquiry, investigation, tax claim,
revocation, disallowance, objection, opposition, prosecution, litigation, arbitration,
mediation or dispute resolution process commenced in, filed or lodged with, initiated by
or made to any court of competent jurisdiction or other Governmental Agency, or referred
or submitted to arbitration, mediation, resolution, determination or decision by a private
arbitrator, mediator or expert, whether of a judicial, semi-judicial, civil, criminal or
administrative nature and whether actual, current, anticipated, threatened or potential. 

5 

	 	
Liability
means: 

          	 	(a) 	
               in relation to any person, any liability, debt, indebtedness, money, payment,
               cost, Loss, damages, compensation, interest, expenditure, obligation, duty,
               function, responsibility, accountability, liability to make restitution,
               judgment debt, fine or criminal or civil penalty of, due from, payable by or to
               be performed by that person at any time, whether contractual, tortuous, legal,
               equitable, statutory or otherwise and whether present, future, actual,
               contingent, prospective, ascertained or unascertained or alone, severally,
               jointly or jointly and severally and whether as principal or vicariously by or
               through any action performed or omitted by any agent of that person; 

               

          	 	(b) 	
               in relation to any asset, any liability, charge, Encumbrance, disqualification
               or prejudice affecting that asset, whether present or future, actual or
               contingent; and 

               

          	 	(c) 	
               in relation to any Legal Action, any Legal Action in which any person is
               engaged. 

               

	 	
LIBOR
means 

          	 	(a) 	
               the arithmetic mean, expressed as a percentage per annum (rounded to
               4 decimal places), of the rates quoted on the Reuters monitor system page
               “LIBO” for 3 month LIBOR (or any page which replaces that page)
               at or about 11.00am (London time) for US$; or 

               

          	 	(b) 	
               where the page referred to in paragraph (a) is not available, such other
               comparable US$ interest rate determined in good faith between the Parties. 

               

	 	
Loss
includes any loss, liability, damage, destruction, injury, accident, claim, economic
loss, consequential loss of profits or cost incurred at any time, and any fact causing or
giving rise to any loss within any previous meaning, whether directly or indirectly,
actually or potentially. 

	 	
Maximum
Quantity means 20 million ounces of Payable Silver as determined and measured by
smelter returns or other documentation issued by a Counterparty delivered pursuant to the
Original Agreement or this Agreement.. 

	 	
Mill
means that part of the process plant at the Endeavor Mine which lies between the primary
intake to the automill and the discharge point of the concentrate filters. 

	 	
Mining
Risk are all risks of whatsoever nature associated with the establishment, operation,
decommissioning and rehabilitation of a mine in the ordinary course of business,
including: 

          	 	(a) 	
               risk to earnings from changes in market factors such as interest rates, foreign
               exchange rates and commodity prices; 

               

          	 	(b) 	
               operational risk, including failure to achieve predicted grades in mining,
               operational and technical difficulties encountered in mining, commissioning and
               operating plant and equipment, mechanical failure or plant breakdown,
               unanticipated metallurgical problems affecting extraction costs, adverse weather
               conditions, industrial and environmental accidents, industrial disputes,
               unexpected shortages or increases in the costs of consumables, spare parts and
               plant and equipment; 

               

6 

          	 	(c) 	
               default by Counterparties under Concentrate Sales Agreements or an Insolvency
               Event occurring in respect of Counterparties; 

               

          	 	(d) 	
               Force Majeure Event; 

               

          	 	(e) 	
               environmental risk; 

               

          	 	(f) 	
               risk of native title claims; and 

               

          	 	(g) 	
               risk of changes in legislation which may have a material adverse effect of the
               operation a mine; 

               

          	 	(h) 	
               risks associated with occupational health and safety; 

               

          	 	(i) 	
               sovereign and government risk; 

               

          	 	(j) 	
               financial, regulatory, corporate or otherwise howsoever; 

               

          	 	(k) 	
               risk of closure of the Endeavor Mine or placement of the Endeavor Mine on care
               and maintenance as a consequence of the Endeavor Mining ceasing to be
               economically viable, 

               

	 	
but
does not include a Cobar Event of Default.  

	 	
Operating
Costs means the total direct and indirect costs, liabilities and expenses incurred by
or on behalf of Cobar in operating and maintaining the Endeavor Mine or otherwise in the
conduct of or carrying out of activities and transactions contemplated by this document
for any period during the Term. 

	 	
Party means
each of Cobar and Coeur Australia.  

	 	
Parent means
CBH Resources Limited ACN 009 423 858.  

	 	
Paste
Fill Plant  means the Aran Modular Paste Mixing Plant as installed on the surface at
the Endeavor mine and the subsurface pipe distribution system required to deliver
pastefill to voids in the Mine. 

	 	
Payable
Silver means silver in respect of which Cobar receives or is entitled to receive (as
agent for Coeur Australia) payment from a Counterparty. 

	 	
Permitted
Encumbrance means: 

	 	(a)  	any
Encumbrance already existing on the date of this document ;or   

	 	(b)  	an
Encumbrance created after the date of this document, if: 

	 	 (i)  	the
Encumbrance is permitted by the Coeur Australia Charge; or 

               	 	(ii) 	
                    an Encumbrance created by Cobar or any of its subsidiaries over the Endeavour
                    Mine for the purposes of financing or refinancing the Endeavour Mine, its
                    expansion, or operations directly connected with the Endeavour Mine, such
                    Encumbrance to rank pari passu with the Coeur Australia Charge. 

                    

7 

	 	
Prevailing
International Terms means the terms and conditions available in the open market under
which Concentrates are bought and paid for by Counterparties, including terms relating to
refining charges, determination of price, method of weighing, sampling and determining
moisture of Concentrate and method of conducting assays in relation to Concentrate, that
are generally accepted international practice. 

	 	
Related
Entity means a “related body corporate” as that expression is defined in the
Corporations Act 2001 (Commonwealth) and with respect to Coeur Australia, includes any
other subsidiary of Coeur. 

	 	
Reported
Ore Reserves 2004 means the reported ore reserves at the Endeavor Mine, as disclosed
in the 2004 Annual Report of the Parent. 

	 	
Reserves
means the ore reserves for the Endeavor Mine as disclosed and determined in a report
prepared by a Competent Person from time to time. 

	 	
Silver
Price means the final applicable silver reference price (expressed in US dollars per
ounce or equivalent) to be applied in respect of any particular shipment of silver sold
under a Concentrate Sales Agreement in calculation of the aggregate payment for silver to
be made under such Concentrate Sales Agreement by the relevant Counterparty. For the
avoidance of doubt, this is not to take account of any applicable charges or deductions
pursuant to the Concentrate Sales Agreement. 

	 	
Taxation means
each of the following:  

          	 	(a) 	
               all forms of taxation, duties, imposts, fees, levies deductions or withholdings,
               whether of Australia or elsewhere, including income tax,
               fringe benefits tax, withholding tax, capital gains tax, pay as you go, GST,
               customs and other import or export duties, excise duties, sales tax, stamp duty
               or other similar contributions; and 

               

          	 	(b) 	
               any interest or penalty, in connection with it, 

               

	 	
and
Tax has a corresponding meaning.  

	 	
Term
 has the meaning given to it in clause 3.2.  

	 	
Wholly
Owned Subsidiary has the meaning given to it in section 9 of the Corporations Act 2001
(Commonwealth). 

	1.2  	Interpretation 

	 	
In
this agreement unless the context otherwise requires:  

	 	(a)  	unless
otherwise specified, a reference to “dollars” or “$”          is an
amount in Australian currency; 

	 	(b)  	a
reference to “US dollars”          or “US$” is an amount in the
currency of the United States of America; 

	 	          (c)  	clause
and subclause headings are for reference purposes only; 

8 

	 	 (d)  	the
singular includes the plural and vice versa;  

	 	(e)  	words
denoting any gender include all genders; 

	 	(f)  	reference
to a person includes any other entity           recognised by law and vice versa; 

	 	 (g)  	where
a word or phrase is defined its           other grammatical forms have a corresponding
meaning; 

	 	 (h)  	any
reference to a  party to this agreement includes its successors and permitted assigns; 

	 	 (i)  	any
 reference to any agreement or document includes that agreement or document as
          amended at any time;  

	 	(j)  	the
use of the word includes or including          is not to be taken as
limiting the meaning of the words  preceding it; 

          	 	(k) 	
               the expression at any time includes reference to past, present and future
               time and the performance of any action from time to time; 

               

          	 	(l) 	
               an agreement, representation or warranty on the part of two or more persons
               binds them jointly and severally; 

               

          	 	(m) 	
               an agreement, representation or warranty on the part of two or more persons is
               for the benefit of them jointly and severally; 

               

          	 	(n) 	
               reference to an item is a reference to an item in the schedule to this
               agreement; 

               

          	 	(o) 	
               reference to an exhibit, annexure, attachment or schedule is a reference to the
               corresponding exhibit, annexure, attachment or schedule in this agreement; 

               

          	 	(p) 	
               reference to a provision described, prefaced or qualified by the name, heading
               or caption of a clause, subclause, paragraph, schedule, item, annexure, exhibit
               or attachment in this agreement means a cross reference to that clause,
               subclause, paragraph, schedule, item, annexure, exhibit or attachment; 

               

          	 	(q) 	
               when a thing is required to be done or money required to be paid under this
               agreement on a day which is not a Business Day, the thing must be done and the
               money paid on the immediately preceding Business Day; 

               

          	 	(r) 	
               reference to a statute includes all regulations and amendments to that statute
               and any statute passed in substitution for that statute or incorporating any of
               its provisions to the extent that they are incorporated; and 

               

          	 	(s) 	
               references to the mining leases at the Endeavour Mine include any substitute or
               replacement production title but not to exceed the external perimeters of the
               existing mining leases at the date of this agreement. 

               

9 

	2.
	Conditions
Precedent 

	 	
This
clause is intentionally left blank.  

	3. 
	Agreement
to sell and buy  

	3.1 	Sale
and purchase  

	 	
Cobar
agrees to sell, and Coeur Australia agrees to buy the Contained Silver to be mined during
the Term on the terms and conditions of this agreement. 

	3.2	Term 

	 	
The
Term of this agreement commenced on the Commencement Date pursuant to the Original
Agreement and remains in full force and effect until the earlier of: 

          	 	(a) 	
               the date on which the Maximum Quantity has been received by Coeur Australia , as
               evidenced by payment from the relevant Counterparty; or 

               

	 	(b)  	termination
of this agreement.  

	4. 
	Quantity 

	4.1 	Quantity
of supply  

	 	
Subject
to this agreement, Cobar agrees to sell to Coeur Australia and Coeur Australia agrees to
buy from Cobar, all Contained Silver but not exceeding the Maximum Quantity. 

10 

	5. 
	Title
and risk in the Contained Silver  

	5.1 	[PROVISION
OMITTED — SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT]  

	5.2 	[PROVISION
OMITTED —SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT]  

	5.3 	[PROVISION
OMITTED — SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT]  

	5.4 	[PROVISION
OMITTED —SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT]  

	6. 
	Mining
of Endeavor Mine  

	6.1 	Continuation
of operations  

          	 	(a) 	
               Cobar will continue the operation of the Endeavor Mine in the ordinary course of
               its business subject at all times to the effect of Mining Risks. 

               

          	 	(b) 	
               Cobar will operate the Endeavor Mine in accordance with the Go Forward Plan and
               compliance with applicable laws in all material respects subject at all times to
               the effect of Mining Risks. 

               

          	 	(c) 	
               Subject to clause 6.1(a) and (d), Cobar will operate the Endeavor Mine in the
               ordinary course, having regard to that business and its previous practice, in
               order to preserve its existing business organisation and relations with its
               employees, customers, suppliers and others with whom it has a business
               relationship, subject at all times to the effect of Mining Risks. 

               

          	 	(d) 	
               Cobar will use its reasonable endeavours to mine the area of the Endeavor Mine
               known as the Level 1 Sulphides prior to the second anniversary of the
               Commencement Date, subject at all times to the effect of Mining Risks. 

               

	6.2 	Endeavor
Mine Plan  

          	 	(a) 	
               Cobar may update the Endeavor Mine Plan including the Go Forward Plan from time
               to time in its unfettered discretion. 

               

          	 	(b) 	
               Cobar must provide Coeur Australia with any updated Endeavor Mine Plan within 30
               days of finalisation of such updated Endeavor Mine Plan. 

               

          	 	(c) 	
               Cobar must consult with Coeur Australia with regard to the Endeavor Mine Plan or
               any changes or replacements to it from time to time, but is under no obligation
               to vary, change, substitute or otherwise amend the Endeavor Mine Plan. 

               

11 

	6.3 	Records  

	 	(a)  	Cobar
must keep and maintain records relating to Cobar’s performance of its
          obligations under clause 6.1.  

	 	(b)  	Cobar
must ensure that the records referred to           in clause 6.3(a) (other than records
that Cobar isrequired to keep confidential) are available to Coeur Australia for
examination, audit, inspection and copying, on reasonable notice and during normal
business hours. Coeur Australia must keep the records confidential in accordance with
clause 21.3.  

	6.4 	Reports  

	 	
Cobar
must provide to Coeur Australia production and sales reports at the same time Cobar
circulates such reports to its management. 

	6.5 	Access
for Coeur Australia  

	 	
Cobar
must give Coeur Australia’s representatives reasonable access to the Endeavor Mine,
on reasonable notice and during normal business hours. 

	6.6 	Taxes  

	 	(a)  	Unless
otherwise expressly provided in this agreement, Cobar must pay all Taxes
                    including sales tax, payroll tax, levies, duties and assessments that
are due in                     connection with the operation of the Endeavor Mine in the
ordinary course of its                     business.  

	 	(b)  	Coeur
Australia is liable for and indemnifies Cobar from and against all Taxes
                    to the extent that such Taxes:  

               	 	(i) 	
                    are in addition to or in excess of the Taxes Cobar is required to pay in
                    connection with the operation of the Endeavor Mine in the ordinary course of its
                    business; and 

                    

               	 	(ii) 	
                    arising pursuant to the performance of Cobar’s obligations to Coeur
                    Australia under this agreement. 

                    

	7. 
	Limitation
of liability  

	7.1 	Limits
on Cobar’s liability  

          	 	(a) 	
               It being the intention of the Parties that Cobar and Coeur Australia are each
               exposed to the Mining Risk, Coeur Australia acknowledges that it assumes the
               risk of Cobar not being able to extract, process, store, transport or otherwise
               sell Coeur Australia any or all silver or otherwise perform its obligations as
               required by this agreement , including as a result of any Mining Risk. 

               

          	 	(b) 	
               Subject to clause 7.1(c), Cobar is not liable at any time for any Claim,
               Liability or Loss of any nature which for any reason is sustained or incurred by
               Coeur Australia or Coeur or their Related Entities their respective officers,
               agents, or employees. 

               

12 

          	 	(c) 	
               Except to the extent that the liability of Cobar is expressly limited by this
               agreement, if a Cobar Event of Default occurs Coeur Australia may claim from
               Cobar damages, losses and liabilities incurred by Coeur Australia directly as a
               result of a Cobar Event of Default 

               

          	 	(d) 	
               Coeur Australia may not claim from Cobar any consequential or indirect damages,
               losses or liabilities incurred by Coeur Australia as a result of a Cobar Event
               of Default. 

               

	7.2 	Maximum
Cobar liability amount  

          	 	(a) 	
               Cobar’s Liability from time to time and at any time during the Term of this
               agreement (in this sub-clause such time being a Relevant Time) cannot
               exceed the amount calculated as follows: 

               

		
	Liability ($) =	 X 
		—    x  $50M
		 Y 

	 	
Where:  

	 	
X
= amount of Contained Silver unsold to Counterparties (calculated as 11,840,000 ounces of
Payable Silver less the aggregate number of ounces of Payable Silver sold to
Counterparties from the date referred to in clause 12.2(a) up to the Relevant Time) 

	 	
Y
= 11,840,000 ounces Payable Silver.  

	7.3 	No
adjustment of upfront payment  

	 	
Coeur
Australia is at no time entitled to any adjustment of the consideration referred to in
clause 9 for failure by Cobar to comply with its obligations under this Agreement for
whatever reason, unless the failure arises as a result of a Cobar Event of Default. 

	8. 
	Royalties  

	 	
Cobar
is responsible for all royalties payable to the Crown under section 282 of the Mining Act
1992 (NSW). 

	9. 
	Consideration  

	9.1 	Upfront
consideration  

	 	
Coeur
Australia must provide or cause to provide the following consideration to Cobar for the
sale of Contained Silver under this agreement: 

	 	(a)  	on
the Commencement Date of the Original Agreement, $20,000,000. (receipt           whereof
is acknowledged by Cobar)  

	 	(b)  	subject
to clause 9.1(c), $30,000,000 on satisfaction of the following:  

	 	(i)  	the
Paste Fill Plant operating in the ordinary course for 30 consecutive days           (such
period to be nominated in writing by Cobar to Coeur Australia at least 5
          Business Days before the commencement of such period and such period is to
          include scheduled downtime) so as to deliver into the Mine at least 90% of the
          quantity of pastefill planned pursuant to the Go Forward Plan to be placed in
          the Mine during that 30 day period. If the nominated 30 day period is not a
          discrete month then the relevant quantity applicable to that period shall be
          calculated as the sum of the average daily amounts required based on the
          respective months within the nominated 30 day period. Cobar shall not nominate
          any 30 day period which includes any month or part thereof for which the Go
          Forward Plan provides that less than 20,000 cubic metres of pastefill are to be
          deposited in the Endeavor Mine. and  

	 	(ii)  	the
occurrence of one of the following two events:  

     	 	(A) 	
          the Mill operates in its ordinary course for 3 consecutive months at an average
          rate equivalent to 1.2 mtpa, (such period to be nominated in writing by Cobar
          before the commencement of such period and is to include scheduled downtime; or 

          

     	 	(B) 	
          Cobar delivers to Coeur Australia during the period nominated in paragraph (A)
          above the amount of Payable Silver planned in accordance with the Go Forward
          Plan (but which shall be not less than 250,000 ounces), to be delivered during
          that period. For the purposes of this paragraph (B), the amount of Payable
          Silver will be calculated as being the amount of Contained Silver mined during
          the relevant period which, based on the recovery rate and forecasts set out in
          the Go Forward Plan, would be required to be mined to produce the quantity of
          Payable Silver planned for such period. 

          

				
		(c)	(i)	the $30,000,000 referred
to in paragraph 9.1(b) above, if payable, is only payable upon the Loan referred to
in clause 29.1 (or so much thereof as has been drawn down by Cobar pursuant
to that clause) having been repaid in full (together with interest accrued
at the date of payment).

	 	(ii)  	in
the event Coeur Australia is required to provide the $30,000,000 pursuant to
          clause 9.1(b), and at the time for payment there is no Insolvency Event
          affecting the Parent or any of its subsidiaries, such payment may be made
          simultaneously with or by set-off from the repayment of the Loan (or any part
          thereof).  

	 	
If
Cobar nominates a period for the purposes of paragraphs 9.1(b)(i) or (ii) above and the
requirements of either of those paragraphs are not satisfied or Cobar elects to abandon
any test thereunder, then Cobar shall be entitled to nominate other periods for the
purposes of those paragraphs. 

	 	
If
there is any dispute or difference as to whether any of the tests referred to in paragraph
9.1(b) above have been satisfied, that dispute or difference will be resolved in
accordance with Clause 22. 

14 

	9.2 	Method
of payment  

	 	
All
monetary payments to be made by Coeur Australia under this agreement will be made on the
due date in same day cleared funds in the manner specified by Cobar to Coeur Australia. 

	10. 
	Default
interest  

          	 	(a) 	
               If any sum due for payment in Australian dollars under this document is not paid
               on the due date the Party in default must pay interest on that sum from the due
               date until the date of actual payment calculated on a day to day basis at the
               Bill Rate plus 4%. The interest is to be capitalised monthly. 

               

          	 	(b) 	
               If any sum due for payment in US dollars under this document is not paid on the
               due date the Party in default must pay interest on that sum from the due date
               until the date of actual payment calculated on a day to day basis at LIBOR plus
               1.5%. The interest is to be capitalised monthly. 

               

	11.
	Grossing
up of payments by Cobar 

          	 	(a) 	
               Any amount payable to Cobar under this agreement must be increased so as to
               ensure that the net amount received by Cobar will after any Taxation (but in
               this clause, excluding GST), deduction, or withholding of any nature from the
               payment (whether or not required by any applicable law), be equal to that which
               would have been received by Cobar had the payment and any increased payment
               pursuant to this clause 11 not been subject to Taxation, the deduction or
               withholding, as the case may be. 

               

          	 	(b) 	
               Cobar must notify the Party that made the payment, of the nature for the
               requirement promptly after Cobar becomes aware of it. 

               

          	 	(c) 	
               Cobar must promptly deliver to the Party that made the payment, copies of any
               receipts, certificates or other proof (if any) evidencing the amounts paid or
               payable in respect of any such Taxation, deduction or withholding. 

               

	12.
	Processing
and on-sale of Contained Silver 

	12.1 	Processing  

	 	
To
the extent necessary Coeur Australia agrees and consents to Cobar processing the Contained
Silver so as to create saleable Concentrate. 

	12.2 	On-sale
of Contained Silver for Coeur Australia  

          	 	(a) 	
               Cobar will, in the ordinary course of its business on behalf of and agent for
               Coeur Australia, sell and, where required deliver the Contained Silver (by the
               sale of Concentrate) up to the Maximum Quantity to Counterparties under
               concentrate sales agreements negotiated by Cobar with the Counterparties and
               administered by Cobar (Concentrate Sales Agreements). For the avoidance
               of doubt, the first sale of Contained Silver by Cobar on behalf of and as agent
               for Coeur Australia, shall be deemed to occur in respect of the first train of
               Concentrate to be despatched to a Counterparty by Cobar from the Endeavor Mine
               after the expiry of 15 days after the Commencement Date. 

               

15 

          	 	(b) 	
               Cobar warrants that any Concentrate Sales Agreements negotiated by it will be in
               accordance with Prevailing International Terms. 

               

          	 	(c) 	
               Notwithstanding clause 12.2(b), Cobar will consult with Coeur Australia in
               relation to any Concentrate Sales Agreements to be negotiated by it. 

               

          	 	(d) 	
               Coeur Australia acknowledges that any charges or deductions referable to the
               treatment or refining of silver pursuant to the applicable Concentrate Sales
               Agreement for a particular shipment of Concentrates (including but not limited
               to any refining charge) are for Coeur Australia’s account and payments
               required to be made by Cobar pursuant to clause 12.5 will be on the basis that
               such charges and deductions have been made to the Counterparty by deduction on
               account of Coeur Australia. 

               

	12.3 	Delivery
to Counterparties  

          	 	(a) 	
               Cobar will, in the ordinary course of its business, at its cost deliver or cause
               to be delivered the Concentrate to the Counterparties in accordance with the
               Concentrate Sales Agreements. 

               

          	 	(b) 	
               Coeur Australia has sole liability for any Loss in respect of Contained Silver
               caused by any carrier or other agent engaged by Cobar for the purpose of
               delivering the Concentrate to the Counterparties. 

               

          	 	(c) 	
               Without limiting the provisions of clause 7, Cobar is not liable to Coeur
               Australia or Coeur in any circumstances, for any act or omission by it which
               relates to the extraction, processing, storing or sale of Contained Silver. 

               

	12.4 	Insurance  

          	 	(a) 	
               Cobar undertakes to take out and maintain, at its sole cost, a policy of
               insurance (Insurance Policy) in respect of the Concentrate with an
               insurer authorised to carry on business in Australia. 

               

          	 	(b) 	
               If Cobar is of the opinion that an amount is recoverable under the Insurance
               Policy in respect of any loss relating to the Concentrate, Cobar must promptly: 

               

	 	(i)  	make
a claim under the Insurance Policy (Insurance Claim); and  

	 	 (ii)  	notify
Coeur Australia of the Insurance Claim.  

          	 	(c) 	
               If Cobar is successful in recovering an amount the subject of an Insurance Claim
               under the Insurance Policy, Cobar must remit part of the proceeds to Coeur
               Australia to the extent that such proceeds correspond with the proportion of
               Contained Silver in the Concentrate that was the subject of the Insurance Claim. 

               

	 	(d)  	Coeur
Australia is liable for and indemnifies Cobar for and against: 

16 

	 	(i)  	any
               excess payable to the relevant insurer in connection with the Insurance
Claim;                and 

	 	(ii)  	costs
and expenses of Cobar in pursuit of the Insurance Claim,  

	 	
taking
into account the proportion of Contained Silver in the Concentrate that was the subject of
the Insurance Claim. 

	 	(e)  	Cobar
may settle the Insurance Claim in its absolute discretion.  

	12.5 	Payments
to Coeur Australia 

          	 	(a) 	
               Cobar may direct a Counterparty to pay Coeur Australia for the Contained Silver
               under clause 12.2. If Cobar does not make such direction, Cobar will receive
               payment from the Counterparty on behalf of Coeur Australia. 

               

          	 	(b) 	
               All payments received by Cobar from a Counterparty in respect of the sale of
               Contained Silver under clause 12.2 are to be received by Cobar as undisclosed
               agent for and on behalf of Coeur Australia. 

               

          	 	(c) 	
               Cobar must remit any payment received by it on behalf of Coeur Australia under
               this clause in accordance with the accounting procedures to be established by
               Cobar and Coeur Australia under clause 12.7. 

               

	12.6 	Records
and reports  

	 	
Cobar
must provide to Coeur Australia monthly sales reports, invoices and correspondence
provided by the Counterparties, at the same time Cobar circulates such information to its
management. 

	12.7 	Accounting
system and bank account  

          	 	(a) 	
               Cobar and Coeur Australia will in good faith establish an accounting system to
               deal with payments between Cobar, Coeur Australia and Counterparties, to the
               reasonable satisfaction of Cobar and Coeur Australia and to be varied by Cobar
               and Coeur Australia from time to time. 

               

          	 	(b) 	
               As part of the proposed accounting system: 

               

	 	(i)  	Cobar
will open an account identified as a trust account with a bank (Trust
               Account). 

	 	 (ii)  	All
money in the Trust Account will be held by Cobar on trust                for Coeur
Australia. 

	 	 (iii)  	Any
payments received by Cobar from Counterparties on                behalf of Coeur
Australia under this clause 12.7 must be deposited in the Trust Account.  

               	 	(iv) 	
                    Cobar will have the authority to operate the Trust Account in all usual ways,
                    including the authority to deposit amounts into and withdraw amounts from the
                    Trust Account for the purposes of the proposed accounting system. 

                    

17 

               	 	(v) 	
                    Cobar will be entitled to deduct and pay or withhold from the Trust Account, the
                    amount of any Tax, fee, charge or levy, including any withholding tax levied in
                    connection with the operation of the Trust Account. 

                    

               	 	(vi) 	
                    the parties will be entitled to set off or otherwise deal with amounts due to it
                    by the other, in accordance with clause 27.3. 

                    

	13. 
	Sale
of Additional Contained Silver  

          	 	(a) 	
               If during the Term, either Cobar or Coeur Australia believe that the resources
               or Reserves for the Endeavor Mine are sufficient to reasonably anticipate
               production of Contained Silver in excess of the Maximum Quantity, Cobar and
               Coeur Australia will in good faith enter into negotiations for Cobar to sell
               such additional Contained Silver (Additional Contained Silver) to Coeur
               Australia. 

               

          	 	(b) 	
               Any agreement to sell the Additional Contained Silver to Coeur Australia
               contemplated by this clause will be made under a supplemental agreement to this
               agreement. The supplemental agreement is to be modelled on the terms and
               conditions of this agreement, but adjusted as necessary to reflect the
               circumstances at that time. 

               

	14.
	Operating
Costs 

	14.1 	Payments
by Coeur Australia for Operating Costs  

          	 	(a) 	
               Coeur Australia must contribute to Operating Costs by paying to Cobar US$1.00
               per ounce of Payable Silver sold by Cobar to Counterparties on behalf of Coeur
               Australia as reported in the relevant monthly sales report issued by Cobar to
               Coeur Australia under clause 12.6. Coeur Australia must make such payments to
               Cobar at such times and otherwise in accordance with the accounting procedures
               to be established by Cobar and Coeur Australia under clause 12.7. 

               

	14.2 	[PROVISION
OMITTED — SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT]  

	14.3 	[PROVISION
OMITTED —SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT]  

	14.4 	[PROVISION
OMITTED — SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT]  

	14.5 	Clawback
of Operating Cost contribution
  

	 	
If: 

	 	(a) 	by
the time Coeur Australia has received the Maximum Quantity under this
          agreement;   

	 	(b)  	there
is Contained Silver that has not at the time been mined           from the Additional
Reserves; and 

18 

	 	 (c)  	payments
have been made by Coeur Australia           to Cobar under clause Error! Reference
source not found.; then 

	 	
Cobar
must immediately reimburse Coeur Australia for the payments as a contribution to Operating
Costs but only to the extent that such payments relate to Contained Silver that has not
been mined from the Additional Reserves. 

	14.6 	Continuous
obligation to contribute Costs  

	 	
To
avoid doubt, Coeur Australia must continue to make payments to Cobar for Operating Costs
in accordance with this clause 14 in respect of Payable Silver mined from the
Additional Reserves referred to in clause Error! Reference source not found.. 

	14.7 	Negative
pledge  

	 	
From
the date of this agreement, Cobar must not create or permit to exist any Encumbrance
(other than a Permitted Encumbrance) over any assets comprising the Endeavor Mine, without
the consent of Coeur Australia, which consent must not be unreasonably withheld. 

	15. 
	Security  

	15.1 	Charge  

	 	
The
Original Agreement stated that: 

          	 	(a) 	
               Cobar will provide Coeur Australia with a second ranking fixed and floating
               charge substantially in the form in Annexure A of the Original
               Agreement over all assets comprising the Endeavor Mine, to secure Coeur
               Australia’s contractual rights and payment of all money due by Cobar to
               Coeur Australia under this agreement. 

               

          	 	(b) 	
               Cobar will do all things necessary to have the Charge referred to in clause
               15.1(a) promptly registered both against Cobar under the Corporations Act, and
               as a dealing against the Mining Leases (subject to ministerial approval) under
               the Mining Act 1992 (NSW). 

               

	15.2 	Acknowledgement  

        The
parties acknowledge that since the date of the Original Agreement: 

          	 	(a) 	
               Cobar has provided Coeur Australia with a second ranking fixed and floating
               charge substantially in the form of Annexure A of the Original
               Agreement over all assets comprising the Endeavor Mine, to secure Coeur
               Australia’s contractual rights and payment of all money due by Cobar to
               Coeur Australia under this agreement. 

               

          	 	(b) 	
               Cobar has promptly registered the Charge referred to in clause 15.1(a) against
               Cobar under the Corporations Act. 

               

19 

	16.
	Covenants 

	16.1 	Covenants  

	 	
Cobar
covenants to Coeur Australia that: 

	 	(a) 	it
will provide the Information to Coeur Australia in accordance with this
          agreement; 

	 	 (b)  	it
will conduct mining operations at the Endeavor Mine in           accordance with the
Endeavor Mine Plan; 

	 	(c)  	it
will conduct mining operations at           the Endeavor Mine in accordance with good
mining practice and maintain compliance with all applicable laws and permits, and
otherwise in accordance with clause 6.1;  

          	 	(d) 	
               it will only sell the Concentrate in accordance with this agreement under
               contracts with Counterparties on Prevailing International Terms; 

               

          	 	(e) 	
               any Concentrate Sales Agreements entered into by it will be entered into in good
               faith on the basis of Prevailing International Terms which will not discriminate
               unfairly against the interests of Coeur Australia; 

               

          	 	(f) 	
               it will consult with Coeur Australia in relation to the annual production plan
               and the annual calculation of reserves and resource for the Endeavor Mine; 

               

          	 	(g) 	
               it will calculate its reserves and resources in accordance with the applicable
               Australian laws and the requirements of the Australian Stock Exchange and will
               note or cause to be noted, in connection with the reporting of such reserves and
               resources by CBH Resources Limited, the interests of Coeur Australia in respect
               of Contained Silver under this agreement; 

               

          	 	(h) 	
               it will not mortgage, charge, assign or otherwise deal with the Contained Silver
               in any manner inconsistent with this agreement; and 

               

	 	(i)  	it
will not breach clause 20 or 21.1. 

	17. 
	Assignment 

	17.1 	Restrictions  

	 	
Except
to the extent permitted by this agreement:  

          	 	(a) 	
               no Party may Assign this agreement or any right or liability under this
               agreement except as required or permitted by this agreement. 

               

          	 	(b) 	
               no Party may mortgage, charge, create any Encumbrance or otherwise deal with the
               Endeavor Mine or any interest under this agreement unless it receives the prior
               written consent of each other Party, which must not be unreasonably withheld. 

               

20 

	17.2 	Exceptions  

	 	
Despite
clause 17.1: 

	 	(a)  	A
Party may Assign a right or liability under this agreement:  

	 	(i)  	with
the prior written consent of the other Party, which must not be           unreasonably
withheld; or  

	 	(ii)  	to
a Related Entity of that Party. 

	 	(b)  	Cobar
may           grant a security to a financier (to rank pari passu with the charge granted
          under clause 15) in order to raise funds to support the operations of the
Endeavor Mine, subject to the entering into of a consent deed by Cobar, the financier and
Coeur Australia.  

          	 	(c) 	
               Cobar may establish a joint venture in respect of the Endeavor Mine or otherwise
               farm-out any part of it’s interest in the Endeavor Mine , but only with
               Coeur Australia’s consent, which can only be refused if the proposed
               farminee is not of sound financial standing sufficient to fulfil its financial
               obligations, or, if the proposed farminee is to be operator of any joint
               venture, if the proposed farminee does not in Coeur Australia’s view,
               reasonably held, have sufficient and satisfactory mine operating experience. Any
               proposed farminee will be required to covenant to be bound by the terms of this
               agreement. 

               

	17.3 	Assumption  

	 	
Any
Assignment by a Party of its right or liability under this agreement must be made subject
to the terms of this agreement and will not be effective until: 

          	 	(a) 	
               the obtaining of all necessary consents and approvals to the Assignment; and 

               

          	 	(b) 	
               the Assignee executes a document, in a form satisfactory to the other Parties,
               under which the Assignee covenants for the benefit of the other Parties to
               assume the obligations of the first Party under this agreement and perform those
               obligations in accordance with this agreement. 

               

	18. 
	Change
of control 

	18.1 	Cobar  

	 	
Cobar
must not cease to be a Wholly Owned Subsidiary of CBH Resources Limited without the prior
written consent of Coeur Australia, which consent must not be unreasonably withheld. 

	18.2 	Coeur
Australia  

	 	
Coeur
Australia must not cease to be a Wholly Owned Subsidiary of Coeur without the prior
written consent of Cobar, which consent must not be unreasonably withheld. 

21 

	19. 
	Warranties  

	19.1 	Warranties
by Coeur Australia and Cobar  

	 	
Each
of Coeur Australia and Cobar represent and warrant that:  

	 	(a)  	it
has full legal right, power and authority to enter into and perform this
          agreement; 

	 	 (b)  	it
has taken all appropriate and necessary action to authorise           the entering into
and performance of this agreement and, when signed, this agreement will constitute the
legally valid and binding obligation of each of Coeur Australia and Cobar, enforceable in
accordance with its terms; and  

          	 	(c) 	
               it has obtained all consents, approvals and authorisations necessary for the
               valid entering into and performance of this agreement, subject to board approval
               and fulfilment of the other conditions precedent as contemplated by clause 2. 

               

	19.2 	Warranties
by Cobar  

	 	(a)  	Cobar
represents and warrants at the date of this agreement that:  

               	 	(i) 	
                    it will be the legal and beneficial owner of the Contained Silver and will have
                    good and marketable title to the Contained Silver before title in the Contained
                    Silver (or the economic interest therein) passes from it to Coeur Australia
                    under this agreement; 

                    

               	 	(ii) 	
                    the Contained Silver will be free from Encumbrances before title in the
                    Contained Silver (or the economic interest therein) passes from it to Coeur
                    Australia under this agreement; 

                    

               	 	(iii) 	
                    it is the registered holder of the mining leases comprising the Endeavor Mine
                    and that they are in good standing; and that to the best of its knowledge and
                    belief, all necessary permits and authorisations required to operate the
                    Endeavor Mine have been obtained, are current , valid and are not in breach. 

                    

               	 	(iv) 	
                    it is not involved in any proceedings, arbitration, mediation, prosecution,
                    award enforcement or other dispute resolution proceedings (existing, pending or
                    threatened) concerning the Endeavor Mine which would have a material adverse
                    effect on the operations of the Endeavor Mine that has not already been
                    disclosed to Coeur Australia and Coeur; 

                    

	 	(v)  	it
has full legal right, power and authority to enter into and perform this
                    agreement; 

	 	 (vi)  	nothing
in this agreement does or will conflict with or result                     in a breach or
default by it under its constitution, a licence, permit, contract, deed or court order.  

	19.3 	Warranties
by Coeur Australia  

	 	
Coeur
Australia represents and warrants that:  

22 

          	 	(a) 	
               it is not engaged in any litigation, arbitration or other dispute resolution
               proceedings, and there are no proceedings pending, threatened by or against it; 

               

          	 	(b) 	
               Coeur Australia does not know of anything which is likely to give rise to any
               litigation, arbitration, dispute resolution or other similar proceedings by or
               against it; 

               

          	 	(c) 	
               Coeur Australia does not know of anything which is likely to have an adverse
               effect of Coeur Australia’s ability to perform its obligations under this
               agreement. 

               

	19.4 	Acknowledgment
by Coeur Australia  

	 	
Coeur
Australia acknowledges that: 

          	 	(a) 	
               it has examined the Endeavor Mine and its surroundings; 

               

          	 	(b) 	
               it has examined all other information relevant to the risks, contingencies and
               other circumstances having an effect on the performance of the obligations by
               the Parties under this agreement, which is obtained by making reasonable
               enquiries; and 

               

          	 	(c) 	
               it has had the opportunity to conduct due diligence and has satisfied itself in
               relation to matters arising from the due diligence and it has entered into this
               agreement based on its own its own investigations, examinations and
               determinations; 

               

          	 	(d) 	
               in entering into this agreement it does not rely on statement, representation,
               warrant, condition or other conduct which may have been made by Cobar or any
               person purporting to act on behalf of Cobar, except as set forth herein. 

               

	20.
	Information
Rights 

	20.1 	Coeur
Australia’s rights to obtain information  

          	 	(a) 	
               Coeur Australia may request Cobar provide Information to Coeur Australia. Such
               request must be accompanied by a detailed description of each specific item of
               Information requested by Coeur Australia, and must be reasonable in the
               circumstances. 

               

          	 	(b) 	
               Cobar must provide such Information to Coeur Australia within 14 days of
               Coeur Australia’s request, unless Cobar is required to keep the Information
               confidential by law. 

               

          	 	(c) 	
               If Coeur Australia requests Cobar to respond to any queries it may have
               regarding the Information, Cobar must use its reasonable endeavours to provide
               such information to Coeur Australia, unless Cobar is required to keep such
               information confidential by law. 

               

	21.
	Confidentiality 

	21.1 	Confidentiality
of this agreement  

	 	
Each
Party must treat the existence and terms of this agreement confidentially and no
announcement or communication relating to the negotiations of the Parties or the
existence, subject matter or terms of this agreement may be made or authorised by a Party
unless: 

23 

          	 	(a) 	
               each other Party has given its prior written consent; 

               

          	 	(b) 	
               disclosure is made to the extent needed to comply with any applicable law or the
               rules of any relevant stock exchange; 

               

          	 	(c) 	
               disclosure is necessary or advisable for the purposes of obtaining any consent,
               authorisation, approval or licence from a governmental or regulatory body; or 

               

          	 	(d) 	
               the disclosure is to the Party’s professional advisers or financiers or to
               a person whose consent is required under this agreement or for a transaction
               contemplated by it and those persons undertake to keep confidential any
               information so disclosed. 

               

	21.2 	Publicity  

	 	
Despite
clause 21.1, if an announcement or release is required to be made by law or by the rules
of any stock exchange, the Party required to make the announcement or release must, to the
extent practicable, consult with the other Parties with a view to agreeing the form,
content, timing and manner of the announcement or release. 

	21.3 	Other
information confidential  

          	 	(a) 	
               Coeur Australia and Coeur must not, and must ensure that its employees,
               directors, agents, contractors and representatives do not, without the prior
               written consent of Cobar, either now, during the Term or after the expiry or
               termination of this agreement, disclose or give to any person any Confidential
               Information except: 

               

          	 	(b) 	
               to the extent required by law; 

               

	 	(c)  	to
the extent required by the requirements of a stock exchange on which                Coeur’s
shares are listed; 

	 	 (d)  	to
the extent required by Coeur Australia or                Coeur’s financiers in
relation to the provision of finance for completion of the transactions contemplated by
this agreement; or  

	 	(e)  	to
the extent required to instruct Coeur Australia or Coeur’s professional
               advisers in relation to the preparation and performance of this agreement.  

	21.4 	Consequences
of breach  

	 	
The
Parties agree that a Party will be entitled to equitable relief (including injunction and
specific performance) in the event of any breach of clause 21.3 by another Party. 

	22. 
	Dispute
Resolution  

	22.1 	Resolution
by panel  

          	 	(a) 	
               If any dispute arises between the parties to this agreement, one of the parties
               must by notice to the other refer the dispute to a panel for resolution unless
               to seek urgent interlocutory relief to protect its interest. 

               

24 

	 	(b)  	The
panel must consist of a representative of Cobar and of Coeur Australia. 

	 	(c)  	The
panel is to determine its own procedures for meeting. 

	 	(d)  	Decisions
of the                panel may only be made by unanimous agreement of the panel. 

	 	 (e)  	If
a dispute is                referred to the panel, the panel must meet to resolve the
dispute.  

          	 	(f) 	
               If the panel does not resolve the dispute within 20 Business Days the panel must
               refer the matter for resolution under clause 22.2 promptly after expiration of
               the resolution period. 

               

	22.2	Appointment
of Expert 

	 	(a) 	Where
Cobar or Coeur Australia has referred a dispute for determination by the           Expert: 

	 	(i)  	Cobar
and Coeur Australia will use reasonable endeavours to agree           upon a person who
is of good repute with extensive experience in the mining industry and be familiar with
the factors relevant to the matters to be decided, to be appointed as the Expert; or  

	 	(ii)  	if
Cobar and Coeur Australia cannot agree within 5 Business Days after the
               referral, the person nominated by the President (at the relevant time) of
The                Australasian Institute of Mining and Metallurgy or his or her nominee
will act                as the Expert.  

          	 	(b) 	
               The Expert must act as an expert and not as an arbitrator. 

               

          	 	(c) 	
               The Expert must make his or her decision within 20 Business Days after accepting
               his or her appointment as Expert. 

               

          	 	(d) 	
               Where the Expert considers that a Party has withheld payment of any amount other
               than on reasonable grounds he or she may, in addition to determining that
               payment be made impose interest in accordance with clause 10. 

               

          	 	(e) 	
               Cobar and Coeur Australia agree: 

               

	 	(i)  	to
fully inform the Expert as to facts and technical matters to which the
               dispute relates;  

	 	 (ii)  	to
promptly provide written submissions and statements to                the Expert;  

	 	(iii)  	that
the decision of the Expert is final and binding;  

	 	 (iv)  	that
the place for resolution of the dispute will be in Sydney at a place
               nominated by the Expert;  

	 	 (v)  	to
each bear their own costs and contribute equally                to the Expert’s
fees, unless the Expert determines otherwise; 

	 	(vi)  	that
the Expert may determine the procedure to be followed to resolve the           dispute;
and  

25 

	 	 (vii)  	to
comply with any procedure determined by the Expert           (including any timetable) to
resolve the dispute.  

	 22.3 	Obligations
 to           continue 

	 	
The
Parties agree that the obligations of the Parties will continue during any dispute
resolution under this clause. 

	22.4 	No
action prior to determination  

	 	
A
Party is not entitled to commence or maintain any action or exercise any right, including
any action or right under the Charge referred to in clause 15, in relation to a matter
referred to in this clause until the matter has been agreed or referred to Expert
determination and agreed or determined as provided in this clause. 

	23. 
	Termination  

	23.1 	Insolvency
Event  

	 	
If
a Party is affected by an Insolvency Event, the other Parties may terminate this agreement
by written notice to the affected Party in respect of the rights and obligations of the
affected Party. 

	23.2 	Termination
by Coeur Australia for Cobar Event of Default occurring 

	 	
Coeur Australia may terminate this agreement, without prejudice to any other remedies available
to it at law or in equity, by giving notice to Cobar if:  

          	 	(a) 	
               it becomes aware after the Commencement Date of a Cobar Event of Default (other
               than an Insolvency Event in respect of Cobar) occurring; and 

               

          	 	(b) 	
               Coeur Australia notifies Cobar within 2 Business Days after becoming aware and
               Cobar is unable to remedy it within 10 Business Days after receiving the notice.
               Any such notice must specify details of the Cobar Event of Default. 

               

	23.3 	Termination
by Coeur Australia for breach of warranty by Cobar  

          	 	(a) 	
               Coeur Australia’s sole remedy for a breach by Cobar of the warranties in
               clause 19.2 is to immediately terminate this agreement. 

               

          	 	(b) 	
               Coeur Australia’s remedies for breach by Cobar of its warranties in
               clause 19.2 only arise in the event a breach of such warranty occurs prior
               to the Commencement Date. 

               

	23.4 	Termination
by Cobar for Coeur Australia Event of Default  

	 	
This
agreement may be terminated by Cobar, without prejudice to any other remedies available to
it at law or in equity, by giving notice to the other Parties if: 

          	 	(a) 	
               it becomes aware after the Commencement Date of a Coeur Australia Event of
               Default (other than an Insolvency Event in respect of Coeur Australia)
               occurring; and 

               

26 

          	 	(b) 	
               Cobar notifies Coeur Australia within 2 Business Days after becoming aware and
               Cobar fails to remedy that default within 10 Business Days from the date of the
               receipt of notice to remedy the default given by Cobar. 

               

	23.5 	Termination
by Cobar for breaches of warranty  

	 	
This
agreement may be terminated by Cobar, without prejudice to any other remedies available to
it at law or in equity, by giving notice to the other Parties if: 

	 	(a)  	Coeur
Australia is in breach of any warranty in clause 19.3. 

	 23.6 	Effect
of termination 

          	 	(a) 	
               If this agreement is terminated under this clause 23, then all rights and
               obligations under this agreement other than: 

               

	 	(i)  	clauses
1, 7, 21, 24 and 25; and  

	 	 (ii)  	rights
that accrued before the date of                termination,  

	 	
terminate
on that date.  

          	 	(b) 	
               If this agreement is terminated by Cobar under clause 23.2 or 23.3, Coeur
               Australia is not entitled to an adjustment or “claw back” of the
               consideration referred to in clause 9. 

               

          	 	(c) 	
               If this agreement is terminated by Coeur Australia, Coeur Australia is entitled
               to a payment calculated in accordance with clause 7.2, the Relevant Time
               being the date of termination by Coeur Australia. 

               

	 	(d)  	Upon
termination, each Party must return all Confidential Information belonging
               to the other Parties. 

	 24. 
	Coeur
Australia’s indemnity 

	24.1 	Indemnity  

          	 	(a) 	
               Coeur Australia indemnifies Cobar and its officers, agents, and employees from
               and against any Claim and Liability of any nature arising from a breach by Coeur
               Australia of this agreement. 

               

          	 	(b) 	
               Any amount payable under this clause will be increased so as to ensure that the
               net amount received by Cobar will after Taxation be equal to that which would
               have been received had the payment and any increased payment pursuant to this
               clause not been subject to Taxation. 

               

          	 	(c) 	
               Cobar may enforce this right of indemnity at any time (including before it has
               incurred the liability, loss or costs). 

               

27 

	24.2 	Continuing
obligation  

	 	
This
indemnity is a continuing obligation which:  

	 	(a) 	continues
after the Term and after the Parties’ other obligations under           this
agreement terminate; and  

	 	(b)  	is
not discharged by any one payment. 

	 24.3 	Obligations
of Coeur Australia and rights of Cobar not affected           by certain matters  

	 	
Coeur
Australia’s obligations and Cobar’s rights under this indemnity are not
affected by anything which might otherwise affect them at law including the following:  

	 	(a)  	any
concession (such as extra time) being given to any person, including Coeur
          Australia;  

	 	(b)  	Cobar’s
failure or delay in taking action or asserting a           right, or any other act,
omission or mistake by Cobar;  

	 	(c)  	the
novation of a right of Cobar;  

	 	(d)  	this
agreement (or any agreement entered into in order to perform this           agreement)
being varied; and  

	 	 (e)  	an
obligation or liability of a person other           than Coeur Australia being invalid or
unenforceable.  

	 24.4 	This
  indemnity 

	 	
In
this clause 24, “indemnity” means the indemnity given in this clause 24.  

	25. 
	Cobar
Indemnity  

	25.1 	Indemnity  

          	 	(a) 	
               Cobar indemnifies Coeur Australia and its officers, agents, and employees from
               and against any Claim and Liability of any nature arising from a breach by Cobar
               of this agreement. 

               

          	 	(b) 	
               Any amount payable under this clause will be increased so as to ensure that the
               net amount received by Coeur Australia will after Taxation be equal to that
               which would have been received had the payment and any increased payment
               pursuant to this clause not been subject to Taxation. 

               

          	 	(c) 	
               Coeur Australia may enforce this right of indemnity at any time (including
               before it has incurred the liability, loss or costs). 

               

	25.2 	Continuing
Obligation  

	 	
This
indemnity is a continuing obligation which:  

28 

          	 	(a) 	
               continues after the Term and after the Parties’ other obligations under
               this agreement terminate; and 

               

	 	(b)  	is
not discharged by any one payment 

	 25.3 	Obligations
of Cobar and           rights of Coeur Australia not affected by certain matters 

	 	
Cobar’s
obligations and Coeur Australia’s rights under this indemnity are not affected by
anything which might otherwise affect them at law including the following: 

          	 	(a) 	
               any concession (such as extra time) being given to any person, including Cobar 

               

          	 	(b) 	
               Coeur Australia’s failure or delay in taking action or asserting a right,
               or any other act, omission or mistake by Coeur Australia; 

               

          	 	(c) 	
               the novation of a right of Coeur Australia; 

               

          	 	(d) 	
               this agreement (or any agreement entered into in order to perform this
               agreement) being varied; and 

               

	 	
an
obligation or liability of a person other than Cobar being invalid or unenforceable  

	25.4 	This
indemnity  

	 	
In
this clause 25, "indemnity" means the indemnity given in this clause 25. 

	25.5 	Limit
of this indemnity 

	 	
The
indemnity granted by Cobar under this clause 25 is at all times subject to the limitation
on Cobar’s liability expressed in clause 7. 

	26. 
	Notices  

	26.1 	Form
and delivery  

	 	
Unless
this agreement states otherwise, each communication in connection with this agreement
(including a notice, agreement, consent, request, waiver or demand): 

          	 	(a) 	
               must be in writing, directed for attention as show in this clause 26, or as last
               notified by the recipient; and 

               

          	 	(b) 	
               must be signed by an Authorised Officer of the sender; and 

               

          	 	(c) 	
               must be delivered, sent by mail (airmail, if posted to or from overseas), faxed
               or sent by email to the recipient’s postal or email address or fax number
               shown in this clause 26, or to the address or fax number last notified by
               the recipient for this purpose. 

               

	26.2 	Receipt  

	 	
A
communication given in accordance with this clause 26 is treated as having been received:  

29 

	 	(a)  	if
delivered before 5pm (in the place it was delivered to) on a Business Day, on that day
– otherwise on the next Business Day; 

          	 	(b) 	
               if sent by mail, on the third Business Day (in the place it was sent from) after
               posting (or seventh if posted to or from overseas); 

               

          	 	(c) 	
               if sent by fax, on the date and time which the sending machine’s
               transmission report indicates as the date and time the whole fax was sent
               (However, if the report indicates the transmission was made on a day that is not
               a Business Day in the place it was sent to, or was not completed before 5pm in
               that place, then the communication is treated as having been received at 9am on
               the next Business Day in that place); 

               

          	 	(d) 	
               if sent by email, on the date and time at which it enters the recipient’s
               information system (as shown in a confirmation of delivery report from the
               sender’s information system) (However, if the report indicates the email
               was received on a day that is not a Business Day in the place of the
               recipient’s postal address, or was not received before 5pm in that place,
               then the communication is treated as having been received at 9am on the next
               Business Day of that place; and 

               

	26.3 	Effect  

	 	
A
communication given in accordance with this clause 26 takes effect from the time it is
received (or treated as received) unless a later time is specified in it. 

	26.4 	Contact
details  

	 	
  Cobar 

	 	  Attention:  	The
Company Secretary  

	 	  Address:  	Level
3, 2 Elizabeth Plaza, North Sydney NSW 2060, Australia  

	 	  Fax:  	+61
2 9925 8111 

	 	  Email:  	stevelonergan@cbhresources.com.au 

	 	
  Coeur

  Australia 

	 	  Attention:  	The
Company Secretary 

	 	  Address:  	Suite
1312, 3 Spring Street, Sydney 2000, New South Australia 

	 	  Fax:  	+61
2 8249 4001  

	 	  Email:  	resolutesecurities@bigpond.com 

30 

	27. 
	General
provisions  

	27.1 	Costs  

	 	
Each
Party must pay its own costs in relation to:  

          	 	(a) 	
               the negotiation, preparation, execution, performance, amendment or registration
               of, or any consent given or made; and 

               

          	 	(b) 	
               the performance of any action by that Party in compliance with any liability
               arising, 

               

	 	
under
this agreement, or any agreement or document executed or effected under this agreement,
unless this agreement provides otherwise. 

	27.2 	Duties  

	 	
Coeur
Australia must promptly within the initial applicable period prescribed by law pay any
duty payable in relation to the execution, performance and registration of this agreement,
or any agreement or document executed or effected under this agreement. 

	27.3 	Set-off  

	 	
Each
of Cobar and Coeur Australia may upon reasonable notice being given to the other (unless
an Insolvency Event occurs, in which case no notice is required), consolidate, merge or
apply all or any part of any amounts due to it from the other (including all or any part
of any credit balance standing to the account of Coeur Australia with Cobar which is to be
established as part of the accounting system to be set up under this agreement) by way of
set-off, lien or counterclaim in or towards satisfaction of any money at any time due and
payable, or which may become due and payable, by it to the other under this agreement or
any Concentrate Sales Agreement. Each of Cobar and Coeur Australia may for this purpose: 

          	 	(a) 	
               redeem, vary the terms and conditions of, or appropriate all or any part of any
               account, deposit of funds or other arrangement between Cobar and Coeur Australia
               on or under which Cobar or Coeur Australia may be indebted to the other, despite
               any prior agreement to the contrary or the fact that the respective liabilities
               may not be expressed in the same currency; 

               

          	 	(b) 	
               effect any currency conversion it considers necessary or desirable; and 

               

          	 	(c) 	
               in the name of the other, do all such acts and execute and deliver all such
               documents as may be required to effect any combination, consolidation, merger or
               application under this clause 27.3. 

               

	27.4 	Governing
law and jurisdiction  

	 	(a)  	This
agreement is governed by and construed under the law in the State of New           South
Wales. 

	 	 (b)  	Any
legal action in relation to this agreement against any           Party or its property
may be brought in any court of competent jurisdiction in the State of New South Wales.  

31 

          	 	(c) 	
               Each Party by execution of this agreement irrevocably, generally and
               unconditionally submits to the non-exclusive jurisdiction of any court specified
               in this provision in relation to both itself and its property. 

               

	27.5 	Amendments  

	 	
Any
amendment to this agreement has no force or effect, unless effected by a document executed
by the Parties. 

	27.6 	Third
parties  

	 	
This
agreement confers rights only upon a person expressed to be a party, and not upon any
other person.  

	27.7 	Entire
agreement  

	 	
This
agreement: 

          	 	(a) 	
               expresses and incorporates the entire agreement between the Parties in relation
               to its subject matter, and all the terms of that agreement; and 

               

          	 	(b) 	
               supersedes and excludes any prior or collateral negotiation, understanding,
               communication or agreement by or between the Parties in relation to that subject
               matter or any term of that agreement. 

               

	27.8 	Further
assurance  

	 	
Each
Party must execute any document and perform any action necessary to give full effect to
this agreement, whether before or after performance of this agreement. 

	27.9 	Continuing
performance  

	 	(a)  	The
provisions of this agreement do not merge with any action performed or
                    document executed by any Party for the purposes of performance of
this                     agreement.  

	 	(b)  	Any
representation in this agreement survives the execution of any document for
                    the purposes of, and continues after, performance of this agreement.  

	 	(c)  	Any
indemnity agreed by any Party under this agreement:  

               	 	(i) 	
                    constitutes a liability of that Party separate and independent from any other
                    liability of that Party under this agreement or any other agreement; and 

                    

	 	(ii)  	survives
and continues after performance of this agreement. 

	 27.10 	Waivers 

	 	
Any
failure by any Party to exercise any right under this agreement does not operate as a
waiver and the single or partial exercise of any right by that Party does not preclude any
other or further exercise of that or any other right by that Party. 

32 

	27.11 	Remedies  

	 	
The
rights of a Party under this agreement are cumulative and not exclusive of any rights
provided by law.  

	27.12 	Severability  

	 	
Any
provision of this agreement which is invalid in any jurisdiction is invalid in that
jurisdiction to that extent, without invalidating or affecting the remaining provisions of
this agreement or the validity of that provision in any other jurisdiction. 

27.13 Counterparts 

	 	
This
agreement may be executed in any number of counterparts, all of which taken together are
deemed to constitute one and the same document. 

	28. 
	GST  

	28.1 	Amounts
exclusive of GST  

	 	
To
avoid doubt, all prices or other amounts referred to in this document are stated
exclusive of GST.  

	28.2 	GST
payable 

	 	 (a)  	In
addition to any amount paid or provided by a party to this document (the recipient) for a
supply from another party (the Supplier) under or in connection with this agreement, the
Recipient must pay to the Supplier, at the same time and in the same manner as the
relevant consideration or any part of it, the amount of any GST for which the Supplier is
liable in relation to the supply.  

          	 	(b) 	
               To avoid doubt, Coeur Australia must, in accordance with clause 28.2(a),
               pay GST to Cobar in respect of all payments made by Coeur Australia under
               clause 9. 

               

	28.3 	Tax
invoice  

	 	
The
Supplier must issue a tax invoice (or an adjustment note) to the Recipient within
10 Business Days of the receipt of any amount under clause 28.2. 

	28.4 	GST
on claims  

          	 	(a) 	
               If a payment to satisfy a claim or a right to claim under or in connection with
               this document gives rise to a liability to pay GST, the payer must pay, and
               indemnify the payee on demand against, the amount of that GST. 

               

          	 	(b) 	
               If a party has a claim under or in connection with this document for a cost on
               which that party must pay GST, the claim is for the cost plus all GST (except
               any GST for which that party is entitled to an input tax credit). 

               

33 

          	 	(c) 	
               If a party has a claim under or in connection with this document whose amount
               depends on actual or estimated revenue or which is for a loss of revenue,
               revenue must be calculated without including any amount received or receivable
               as reimbursement for GST (whether that amount is separate or included as part of
               a larger amount). 

               

	29.
	Loan
Facility 

	29.1 	Loan  

          	 	(a) 	
               Subject to Clause 29.2 and provided the amount of $30,000,000 pursuant to Clause
               9.1(b) (“the Final  Payment”) has not been paid by Coeur
               Australia to Cobar , Coeur Australia agrees to advance to Cobar an amount of
               $15,000,000 (Loan) within 5 Business Days after a written request by
               Cobar (Advance Date). 

               

	 	(b)  	Cobar
must repay the Loan on the earlier of:  

	 	(i)  	the
date the Final Payment is                received; and  

	 	(ii)  	the
date which is 12 months after the Advance Date (Initial Repayment
               Date) unless the repayment date is extended by Cobar in accordance
with                clause 29.1(c).  

          	 	(c) 	
               Cobar may extend the Initial Repayment Date for a period not exceeding 6 months
               after the Initial Repayment Date (Final Repayment Date) provided that
               Cobar notifies Coeur Australia of its intention to do so in writing not less
               than 1 month prior to the Initial Repayment Date. 

               

	29.2 	Drawdown
of Loan funds  

	 	
Cobar
is not entitled to lodge a request pursuant to Clause 29.1(a) unless:  

          	 	(a) 	
               Cobar has after 1 February 2006 received, or has obtained written confirmation
               from the Parent that the Parent has received, unconditional commitments from
               underwriters or purchasers for subscriptions for ordinary shares in the Parent
               for the aggregate amount of at least $19,500,000; 

               

          	 	(b) 	
               an independent report to be prepared by Resources Equity Consultants Pty Ltd
               confirms that the Go Forward Plan is technically sound, reasonably costed and
               achievable without any materially adverse qualifications; 

               

          	 	(c) 	
               Coeur Australia is satisfied, acting reasonably, that the Endeavor Mine is
               operating substantially in accordance with the Go Forward Plan, following a site
               visit to the Endeavor Mine by Mr Harry Cougher and Mr Richard Weston to take
               place as soon as possible on a date to be agreed between Cobar and Coeur
               Australia; and 

               

	 	(d) 	the
Parent Guarantee has been executed and lodged with Coeur Australia. 

	 29.3 	Interest  

	 	(a)  	Cobar
must pay to Coeur Australia interest on  the Loan or so much of it as remains outstanding
as follows: 

34 

	 	(i)  	from
the Advance Date up to and including the Initial Repayment Date, the rate           of
7.75% per annum; and  

	 	 (ii)  	in
the case where the Initial Repayment Date is           extended in accordance with clause
29.1(c), from the Initial Repayment Date up to and including the Final Repayment Date,
the greater of:  

	 	(A)  	7.75%
per annum; and  

	 	(B)  	the
Bill Rate for that period plus a margin of 2%.  

          	 	(b) 	
               Interest will accrue from day to day, be calculated on the basis of the actual
               number of days elapsed and a 365 day year (including the first day of the period
               during which it accrues but excluding the last), be payable monthly in arrears
               on the on the last Business Day of each calender month and the Initial Repayment
               Date or the Final Repayment Date (as the case may be) and be compounded on the
               last Business Day of each calendar month. 

               

	29.4 	Prepayment
and repayment  

	 	
Cobar
may prepay the Loan in whole or in part, together with interest accrued on the amount to
be prepaid to the date of prepayment, at any time by notice to Coeur Australia, without
penalty. 

	29.5 	Security  

	 	
As
security for Cobar’s obligations to repay the Loan under clause 29, Cobar will cause
the Parent to provide a parent company guarantee to Coeur Australia on the terms set out
in Annexure 1. (‘the Parent  Guarantee”) 

	29.6 	Cross-Default  

	 	
Cobar
acknowledges and agrees that a default by the Parent under the Parent Guarantee will
constitute an “Event of Default” under the charge referred to in clause 15. 

35 

		
	Annexure 1 – Parent Company Guarantee

Parent Company Guarantee 

Dated 

Parties 

     	1.	
          CBH Resources Limited ACN 009 423 858 of Level 3, 2 Elizabeth
          Plaza, North Sydney, New South Wales, Australia (Parent). 

          

	2. 	CDE
Australia Pty Ltd ACN 113 667 682 of Suite 1312, 3 Spring Street,           Sydney, New
South Wales, Australia (Beneficiary). 

Background 

     	A.	
          The Company and the Beneficiary are parties to the Amended and Restated Silver
          Sale and Purchase Agreement. 

          

     	B.	
          The Parent has agreed to guarantee the performance by the Company of certain
          obligations under the Amended and Restated Silver Sale and Purchase Agreement. 

          

Operative provisions 

	1. 
	Defined
meanings  

	 	
Business
Day means a day that is not a Saturday, Sunday, public holiday or bank holiday in
Sydney, New South Wales. 

	 	
Company
means Cobar Operations Pty Limited ACN 103 555 835 of Level 3, 2 Elizabeth Plaza, North
Sydney,          New South Wales, Australia . 

	 	
Guaranteed
Obligations means the Company’s obligations to repay the loan under clause 29 of
the Amended and Restated Silver Sale and Purchase Agreement. 

	 	
Amended
and Restated Silver Sale and Purchase Agreement means the Amended and Restated Silver
Sale and Purchase Agreement” dated the date of this document between the Company and
the Beneficiary. 

	2. 
	Guarantee  

	 	
The
Parent guarantees to the Beneficiary the performance by the Company of the Guaranteed
Obligations in accordance with the terms of the Amended and Restated Silver Sale and
Purchase Agreement. 

36 

	3. 
	Rights
to demand  

	 	
If
the Company defaults in the performance of the Guaranteed Obligations, the Parent must
perform the Guaranteed Obligations immediately on demand. The Beneficiary may make a
demand for performance by the Parent of any Guaranteed Obligation if: 

	 	(a)  	the
Company has failed to perform that Guaranteed Obligation;  

	 	(b)  	the
         Beneficiary has given notice to the Company of its failure to perform that
          Guaranteed Obligation; and  

	 	(c)  	the
failure to perform that Guaranteed Obligation           has not been remedied by 5:00 pm
(Sydney time) on the fifth Business Day after that notice has been given to the Company.  

	4. 
	Continuing
guarantee  

	 	
This
Guarantee continues in full force and effect until all of the Guaranteed Obligations have
been performed in full. 

	5. 
	Obligations
unaffected  

	 	
The
Parent’s obligations under this Guarantee are not released or discharged by anything
that might otherwise have that effect, including: 

          	 	(a) 	
               the insolvency, bankruptcy, winding up, receivership, reconstruction,
               reorganisation or amalgamation of, or the appointment of an administrator or
               controller to, the Company or the Parent; or 

               

	 	(b)  	the
granting of any time, indulgence or other concession to the Company. 

	6. 
	Rights
of Parent reserved 

	6.1	The
Parent reserves the right to raise any set-off, defence or counterclaim that the Parent
or the Company may raise in respect of the Guaranteed Obligations. The Parent waives in
favour of the Beneficiary all other rights (whether arising at law or in any other way)
against the Beneficiary or the Company so far as necessary to give effect to this
Guarantee.  

	7. 
	Reinstatement
of Beneficiary’s rights  

	7.1 	If: 

          	 	(a) 	
               any claim is made that any transaction made in or towards satisfaction of the
               Guaranteed Obligations is void or voidable under any law (including any law
               relating to preferences, bankruptcy, insolvency or the winding up of companies);
               and 

               

          	 	(b) 	
               the claim is upheld, compromised or admitted, 

               

37 

	7.2	The
Beneficiary is entitled to the same rights and remedies against the Parent as it would
have had if the transaction had never taken place. This clause survives the termination
of this Guarantee unless the Beneficiary expressly agrees otherwise in writing.  

	8. 	Release  

	 	
If
all of the Guaranteed Obligations have been performed in full, the Beneficiary must
promptly release the Parent from its obligations under this Guarantee, at the cost of the
Parent. 

	9. 
	General
provisions  

	9.1 	Notices  

	 	(a)  	Any
notice or statement to be given or demand to be made upon the Parent under           this
Guarantee: 

	 	 (i)  	will
be effectively signed on behalf of the Beneficiary if           it is executed by the
Beneficiary any of its officers its solicitor or its attorney; 

               	 	(ii) 	
                    may be served by being delivered personally or being left at or posted in a
                    prepaid envelope or wrapper to the address of the Parent specified in this
                    Guarantee or the registered office place of business or residence of the Parent
                    last known to the Beneficiary or by being sent to the Parent by facsimile
                    transmission. 

                    

	 	(b)  	A
demand or notice if:  

               	 	(i) 	
                    posted will be deemed served two business days after posting; 

                    

	 	(ii)  	sent
by facsimile transmission will be deemed served upon conclusion of
                    transmission. 

	 	 (c)  	Any
such method of service will be valid and effectual even                     though the
Parent does not receive the document or if the document is returned to the Beneficiary
through the post unclaimed.  

	9.2 	Beneficiary’s
certificate  

	 	
A
certificate signed by or on behalf of the Beneficiary or its solicitors as to a matter or
as to an amount payable to the Beneficiary in connection with this Guarantee in the
absence of manifest error is conclusive and binding on the Parent as to the amount stated
in it or any other matter of a factual nature. 

	9.3 	Governing
law  

	 	
This
Guarantee is governed by and construed in accordance with the law for the time being in
force in New South Wales and the Parent agrees to submit to the non-exclusive jurisdiction
of the courts of New South Wales. 

38 

	9.4 	Interpretation  

	 	
In
this Guarantee unless the context otherwise requires:  

	 	(a)  	clause
and subclause headings are for reference purposes only; 

	 	(b)  	the
singular includes the plural and vice versa; 

	 	 (c)  	words
denoting any gender include all genders;  

	 	(d)  	reference
to a person includes any other entity recognised by law and vice versa;  

	 	(e)  	where
a word or phrase is defined its other grammatical forms have a corresponding meaning; 

	 	 (f)  	any
reference to a party to this Guarantee includes its successors and permitted assigns; 

	 	 (g)  	any
reference to this Guarantee, any agreement or document includes the Guarantee, agreement
or document as amended at any time; 

          	 	(h) 	
               the use of the word includes or including is not to be taken as
               limiting the meaning of the words preceding it; 

               

          	 	(i) 	
               the expression at any time includes reference to past, present and future
               time and the performance of any action from time to time; 

               

          	 	(j) 	
               an agreement, representation or warranty on the part of two or more persons
               binds them jointly and severally; and 

               

          	 	(k) 	
               an agreement, representation or warranty on the part of two or more persons is
               for the benefit of them jointly and severally. 

               

Executed as a deed. 

			
	Signed on behalf of CBH Resources Ltd in		
	accordance with section 127 of the Corporations		
	Act		

			Director
			

			Print name
	
		
	Secretary/Director		
	

		
	Print Name		

39 

			
	Signed on behalf of CDE Australia Pty Ltd in		
	accordance with section 127 of the Corporations		
	Act		

			Director
			

			Print name
	
		
	Secretary/Director		
	

		
	Print Name		

40 

Executed as an agreement. 

			
	Signed on behalf of Cobar Operations Pty Ltd in		
	accordance with section 127 of the Corporations		
	Act		

			Director
			

			Print name
	
		
	Secretary/Director		
	

		
	Print Name		

			
	Signed on behalf of CDE Australia Pty Ltd in		
	accordance with section 127 of the Corporations		
	Act		

			Director
			

			Richard Weston
	
		
	Director		
	

		
	Mitchell Krebs		

1592493#

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}]]