Document:

EX-10.1

 Exhibit 10.1 

Execution Copy 

ELEVENTH AMENDMENT TO DELAYED 

DRAW TERM LOAN CREDIT AGREEMENT 

ELEVENTH AMENDMENT TO DELAYED DRAW TERM LOAN CREDIT AGREEMENT (this “Amendment”), dated January 23, 2014, by and among Par
Petroleum Corporation, a Delaware corporation (the “Borrower”), the Guarantors party hereto (the “Guarantors” and together with the Borrower, each a “Credit Party” and
collectively, the “Credit Parties”), ZCOF Par Petroleum Holdings, L.L.C., (the “Lender”), and Jefferies Finance LLC, as administrative agent for the Lender (in such capacity, the
“Administrative Agent”). 
 WHEREAS, the Credit Parties, Jefferies Finance LLC, as administrative agent, and the
lenders party thereto from time to time, entered into that certain Delayed Draw Term Loan Credit Agreement dated as of August 31, 2012 (as amended by the First Amendment dated as of September 28, 2012, as amended by the Second Amendment
dated as of November 29, 2012, as amended by the Third Amendment dated as of December 28, 2012, as amended by the Fourth Amendment dated as of April 19, 2013, as amended by the Fifth Amendment dated June 4, 2013, as amended by
the Sixth Amendment dated June 12, 2013, as amended by the Seventh Amendment dated as of June 17, 2013, as amended by the Eighth Amendment dated as of June 24, 2013, as amended by the Ninth Amendment dated as of August 1, 2013,
as amended by the Tenth Amendment dated as of September 25, 2013, and as may be further amended, amended and restated, modified, supplemented, extended, renewed, restated or replaced from time to time, the “Credit
Agreement”); 
 WHEREAS, the Borrower desires to amend its Amended and Restated Certificate of Incorporation (the
“Charter Amendment”) to implement a reverse stock split such that every holder of the Borrower’s stock (the “Common Stock”) shall receive one share of Common Stock for every ten shares of Common
Stock currently held by such holder, with such ten shares to be returned to Borrower and/or cancelled (the “Reverse Stock Split”), effective on the close of business on the day the Charter Amendment is filed with the
Secretary of State for the State of Delaware (the “Effective Date”); 
 WHEREAS, the proposed terms of the Reverse
Stock Split require that no fractional shares of Common Stock shall be issued in connection with the Reverse Stock Split and that cash payments (for such fractional shares) will be distributed to all applicable holders in lieu of such fractional
shares (the “Cash Payments”); 
 WHEREAS, the Borrower has requested that the Lender consent to the Cash Payments;
and 
 WHEREAS, the Administrative Agent and Lender have agreed to provide such consent subject to the terms and conditions hereof. 

 NOW, THEREFORE, in consideration of the mutual promises contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1.
Defined Terms. All capitalized terms used herein (including the recitals hereto) shall have the respective meaning assigned to such terms in the Credit Agreement as amended by this Amendment, unless otherwise defined herein. 

2. Amendments and Consents. 

(a) The Borrower hereby notifies the Administrative Agent and Lender of its intent to effect the execution of the Charter Amendment and the
Reverse Stock Split, and the Cash Payments contemplated thereby, on the Effective Date. 
 (b) Notwithstanding any provisions set forth in
the Credit Agreement, including, but not limited to, Sections 6.4, 6.5 and 6.12 of the Credit Agreement, the undersigned Lender hereby consents to (i) the Borrower making the Cash Payments and (ii) the Charter Amendment in the form
attached hereto as Exhibit A. This consent is and shall be effective solely for the specific instances and purposes described herein. 
 (c)
Notwithstanding any provisions set forth in the Credit Agreement, so long as no Default or Event of Default is continuing or would arise therefrom, the Borrower shall be permitted to make a payment of cash, in lieu of the issuance of fractional
shares in connection with the exercise of warrants, options or other securities convertible into or exercisable for Capital Stock of the Borrower to the extent that the Borrower is otherwise permitted to exercise such warrants, options and/or other
securities in accordance with the Credit Agreement. 
 3. The Lender’s entry into this Amendment shall not obligate or commit the Lender
to provide any other amendments, consents or waivers under the Credit Agreement or the other Loan Documents in the future, whether for purposes similar to those described herein or otherwise. 

4. Representations and Warranties. Each of the Borrower and each of the Guarantors hereby confirms, reaffirms and restates the
representations and warranties made by it in the Credit Agreement, as amended hereby, and confirms that all such representations and warranties are true and correct in all material respects as of the date hereof. The Borrower and each Guarantor
further represent and warrant (which representations and warranties shall survive the execution and delivery of this Amendment) to the Lender that: 

(a) The execution, delivery, and performance by each Credit Party of this Amendment and the consummation of the transactions contemplated
hereby, (i) are within such Credit Party’s governing powers, (ii) have been duly authorized by all necessary governing action, (iii) do not contravene (x) such Credit Party’s Organizational Documents or (y) any law
or any contractual restriction binding on or affecting such Credit Party, and (iv) will not result in or require the creation or imposition of any Lien prohibited by the Loan Documents; 

(b) No consent, order, authorization, or approval or other action by, and no notice to or filing with, any Governmental Authority or any other
Person is required for the due execution, delivery, and performance by any Credit Party of this Amendment, or the consummation of the transactions contemplated hereby, except for those consents and approvals that have been obtained, made or waived
on or prior to the date hereof and that are in full force and effect; 

  
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 (c) This Amendment has been duly executed and delivered by such Credit Party and is the legal,
valid, and binding obligation of each Credit Party enforceable against such Credit Party in accordance with its terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent
conveyance or transfer, or similar law affecting creditors’ rights generally and by general principles of equity; and 
 (d) No Default
or Event of Default has occurred and is continuing or will result from the execution, delivery and performance of this Amendment. 
 5.
Effect of this Amendment. Except as expressly amended, consented to or waived hereby, the Credit Agreement and the other Loan Documents are ratified and confirmed in all respects and shall remain in full force and effect in accordance with
their respective terms. Except as expressly set forth herein, the terms of this Amendment shall not be deemed (i) a waiver of any Default or Event of Default, (ii) a consent, waiver or modification with respect to any term, condition, or
obligation of the Borrower or any other Credit Party in the Credit Agreement or any other Loan Document, (iii) a consent, waiver or modification with respect to any other event, condition (whether now existing or hereafter occurring) or
provision of the Loan Documents or (iv) to prejudice any right or remedy which the Administrative Agent or Lender may now or in the future have under or in connection with the Credit Agreement or any other Loan Document. 

6. Conditions Precedent. 

(a) To Effectiveness of this Amendment. This Amendment shall become effective when, and only when the Credit Parties, the Administrative
Agent and the Lender shall have executed this Amendment and the Administrative Agent has received counterparts of this Amendment, duly executed by each Credit Party, the Administrative Agent and the Lender (“Amendment Effective
Date”). 
 7. Miscellaneous. 

(a) Survival of Representations and Warranties. All representations and warranties made in this Amendment or any other document
furnished in connection with this Amendment shall survive the execution and delivery of this Amendment and such other documents, and no investigation by the Administrative Agent or the Lender or any closing of any transaction shall affect the
representations and warranties or the right of the Administrative Agent or the Lender to rely upon them. 
 (b) Notices. All notices
required to be made under this Amendment shall be made in the manner and at the address set forth in Section 10.2 of the Credit Agreement. 

(c) Expenses. The Borrower agrees to pay or reimburse the Administrative Agent and the Lender for all reasonable fees and out-of-pocket
disbursements incurred by the Administrative Agent or the Lender in connection with the preparation, execution, delivery, administration and enforcement of this Amendment, including without limitation the reasonable fees and disbursements of counsel
for the Administrative Agent and the Lender, to the same extent that the Borrower would be required to do so pursuant to Section 10.4 of the Credit Agreement. 

  
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 (d) Reference to Credit Agreement. From and after the effectiveness of this Amendment, all
references herein to the Credit Agreement shall mean the Credit Agreement as amended hereby and as hereafter modified, amended, restated or supplemented from time to time, and each reference in any other Loan Document to the Credit Agreement shall
mean the Credit Agreement as amended hereby and as hereafter modified, amended, restated or supplemented from time to time. The Amendment shall constitute a Loan Document under the Credit Agreement for all purposes. 

(e) Severability. If any provision of this Amendment is held by a court of competent jurisdiction to be invalid or unenforceable, such
provision shall be inapplicable to the extent of such invalidity without affecting the validity or enforceability of the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable.

 (f) Section Headings. Section headings herein are included for convenience of reference only and shall not affect the meaning or
interpretation of this Amendment. 
 (g) Entire Agreement. This Amendment shall be deemed to be a Loan Document and, together with the
other Loan Documents and the agreements, documents and instruments contemplated hereby, constitutes the entire understanding of the parties with respect to the subject matter hereof and thereof, and any other prior or contemporaneous agreements,
whether written or oral, with respect hereto or thereto are expressly superseded hereby and thereby. 
 (h) Counterparts. This
Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one
and the same Amendment. Delivery of an executed counterpart of this Amendment by facsimile or .pdf shall be equally as effective as delivery of an original executed counterpart of this Amendment. Any party delivering an executed counterpart of this
Amendment by facsimile or .pdf also shall deliver an original executed counterpart of this Amendment but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment.

 (i) Successors and Assigns. This Amendment shall be binding on and inure to the benefit of the parties hereto and their heirs,
beneficiaries, successors and assigns. The Credit Parties may not assign this Amendment or any of their respective rights or obligations hereunder to any Person without the prior written consent of the Lender, which consent may be withheld or given
in the sole discretion of the Lender. 
 (j) Governing Law; Venue; Jury Trial. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE CHOICE OF LAW AND VENUE PROVISIONS SET FORTH IN SECTION 10.12 OF THE CREDIT AGREEMENT, AND SHALL BE SUBJECT TO THE JURY TRIAL WAIVER SET FORTH IN SECTION 10.14 OF THE
CREDIT AGREEMENT. 

  
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 (k) Guarantors. Each Guarantor, for value received, hereby expressly consents and agrees
to the Borrower’s execution and delivery of this Amendment, to the performance by the Borrower of its agreements and obligations hereunder and to the consents, amendments and waivers set forth herein. This Amendment, the performance or
consummation of any transaction or matter contemplated under this Amendment and all consents, amendments and waivers set forth herein, shall not limit, restrict, extinguish or otherwise impair any Guarantor’s liability to the Administrative
Agent and Lender with respect to the payment and other performance obligations of such Guarantor pursuant to the Guarantees. Each Guarantor hereby ratifies, confirms and approves its Guarantee and acknowledges that it is unconditionally liable to
the Administrative Agent and Lender for the full and timely payment of the Guaranteed Obligations (on a joint and several basis with the other Guarantors). Each Guarantor hereby acknowledges that it has no defenses, counterclaims or set-offs with
respect to the full and timely payment of any or all Guaranteed Obligations. 
 [Remainder of Page Intentionally Left Blank; Signature
Pages to Follow] 

  
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 IN WITNESS WHEREOF, each of the parties hereto has duly executed this Eleventh Amendment to
Delayed Draw Term Loan Credit Agreement as of the date first written above. 
  

							
	BORROWER:
	
	 PAR PETROLEUM CORPORATION,
 a
Delaware corporation

		
	By:	 	 / s/ Christopher M. Micklas

	Name: Christopher M. Micklas
	Title: Chief Financial Officer
	
	GUARANTORS:
	
	 PAR PICEANCE ENERGY EQUITY LLC,
 a
Delaware limited liability company

	
	 PAR UTAH LLC,
 a Delaware limited
liability company

	
	EWI LLC, a Delaware limited liability company
	
	 PAR WASHINGTON LLC,
 a Delaware
limited liability company

	
	 PAR NEW MEXICO LLC,
 a Delaware
limited liability company

	
	 HEWW EQUIPMENT LLC,
 a Delaware
limited liability company

	
	 PAR POINT ARGUELLO LLC,
 a Delaware
limited liability company

		
		 	By: PAR PETROLEUM CORPORATION,
		 	a Delaware corporation, as Sole Member of
		 	each of the foregoing companies
				
		 		 	By:	 	 /s/ Christopher M. Micklas

		 		 	Name: Christopher M. Micklas
		 		 	Title: Chief Financial Officer

  
 Signature Page to
Eleventh Amendment to Delayed Draw Term Loan Credit Agreement 

			
	
	ADMINISTRATIVE AGENT:
	
	JEFFERIES FINANCE LLC
		
	By:	 	 /s/ J. Paul McDonnell

	Name:	 	J. Paul McDonnell
	Title:	 	Managing Director

  
 Signature Page to
Eleventh Amendment to Delayed Draw Term Loan Credit Agreement 

			
	ZCOF PAR PETROLEUM HOLDINGS, L.L.C.,
	as Lender (Executing with Respect to its Tranche B Loans)
		
	By:	 	 /s/ Jon Wasserman

	Name:	 	Jon Wasserman
	Title:	 	Vice President

  
 Signature Page to
Eleventh Amendment to Delayed Draw Term Loan Credit AgreementEX-10.1

 Exhibit 10.1 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”), made this 19th day of December, 2013, is entered into between Allied
Nevada Gold Corp. (the “Company”) and Randy Buffington (the “Employee”). 
 WHEREAS, the Company desires to employ the
Employee and the Employee desires to be employed by the Company on the terms set forth herein; 
 NOW, THEREFORE, in consideration of the
mutual covenants and agreements set forth in this Agreement, the Company and the Employee agree as follows: 
 1.
Employment. The Company agrees to employ the Employee as President and Chief Executive Officer (“CEO”) and the Employee agrees to accept such employment upon the terms and conditions set forth in this Agreement. Specifically,
the Employee will be responsible for leading the Company in an ethical and responsible manner and striving to generate shareholder value. The Employee, working closely with the Board of Directors of the Company (the “Board”) and the
executive team, will be responsible for defining the strategic direction of the Company and implementing and executing those activities that will be required to successfully carry out the plan. Another responsibility of the Employee will be to
ensure positive public, investor and government relations. The Employee will ensure that the Company is in compliance with applicable federal, state and local regulations. In addition to the foregoing, the Employee shall have such additional
responsibilities as may be assigned by the Board from time to time. The Employee shall devote his full business time and effort to the performance of his duties for the Company, which he shall perform faithfully and to the best of his ability. 

 2. Term. The Employee’s term as President and CEO commenced on July 18, 2013. The Employee shall be an
“at-will” employee of the Company whose employment may be terminated (by the Company or by the Employee) at any time, for any or no reason.  

3. Compensation and Benefits. 

a. Base Salary. The Company shall pay to the Employee a base annual salary of US $500,000 payable in accordance with the
normal payroll practices of the Company and shall be subject to applicable withholdings, deductions and taxes. Base salary may be adjusted on an annual basis, upward or downward. 

b. Bonus. The Employee shall be eligible to be considered for a bonus upon achieving of certain pre-determined
performance targets to be set by the Compensation Committee of the Board and consistent with any bonus or incentive compensation program established by the Company. 

c. Stock/Stock Options. The Employee will be eligible to participate in any stock option, restricted stock units,
performance stock units, stock appreciation rights or other equity-based compensation plan that may become generally available for employees of the Company, on a basis commensurate with other employees of the Company. 

 d. Benefits. During his employment, the Employee shall be entitled to
participate in or benefit from, in accordance with the eligibility and other provisions thereof, benefit plans and policies such as medical, dental, disability, insurance, retirement savings plans or other fringe benefit plans or policies as the
Company may make available to, or have in effect for, its employees. The Company retains the rights to terminate or alter any such plans or policies from time to time, provided that such termination or alteration is done for all eligible employees
and not specifically for the Employee. The Employee shall also be entitled to vacations, sick leave and other similar benefits in accordance with policies of the Company from time to time in effect for personnel with commensurate duties. 

e. Reimbursement of Business Expenses. The Company agrees to reimburse the Employee for reasonable out-of-pocket
expenses incurred in connection with Company business, including without limitation travel and accommodations for authorized business trips, and within standards to be established by the Board, provided receipts, invoices or other supporting
documentation satisfactory to the Company supporting the expenses are presented to the Company. Reimbursement payments will be payable promptly, but no later than the end of the second calendar month after the month in which the expense was
incurred. 
 4. Termination. 

a. Rights and Duties. The Employee is an employee “at will.” Accordingly, the Company or the Employee may
terminate his employment, with or without notice, for any lawful reason or no reason. The Employee and the Company agree that, without modifying or altering the Employee’s “at will” status, each will provide the other with at least
thirty (30) days’ prior written notice of termination of the Employee’s employment with the Company. If the Employee gives notice of termination, such notice will be deemed a voluntary resignation by the Employee and the Company, in
its sole discretion, may elect to relieve the Employee of any obligation to perform duties during the notice period, waive the notice period and immediately accept the termination of the Employee’s employment, without changing the status of
such termination as a voluntary resignation by the Employee. Should the Company in the event of a voluntary resignation decide to relieve the Employee of any obligation to perform duties during the notice period, waive the notice period and
immediately accept Employee’s resignation, it shall nonetheless continue his compensation and benefits for the term of the 30-day notice period (but only to the extent permitted by the terms of such plans), except that no bonus shall be earned
or awarded during and after the notice period. 
 b. Termination by the Company for Cause. The Company may terminate
the Employee’s employment at any time for Cause. “Cause” shall mean: 
 (i) The Employee committed any
material breach of any of the terms of this Agreement, including the failure to perform any covenant contained in this Agreement or in the Employee Nondisclosure, Noncompetition, Nonsolicitation and Inventions Agreement, which is attached to
this Agreement as Exhibit A (the “Restrictive Covenant Agreement”) and expressly incorporated hereby, such as the disclosure of or failure to protect the Company’s confidential, proprietary or trade secret information; 

  
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 (ii) The Employee committed any act or crime involving dishonesty, violence or
moral turpitude, including fraud, theft, embezzlement, assault, battery and rape, drunk driving, whether or not the Employee has been formally charged with or convicted of such act or crime; 

(iii) The Employee committed an act or allowed the existence of a state of facts by the Employee’s inaction which renders
the Employee incapable of performing his duties under this Agreement, or which adversely affects or could reasonably be expected to adversely affect the Company’s business reputation; 

(iv) The Employee failed to follow any significant lawful instruction from the Board; 

(v) The Employee failed to maintain or had suspended, revoked or denied any applicable license, permit or card required by the
federal or state authorities, or a political subdivision or agency thereof; 
 (vi) The Employee committed any act that
constitutes a breach of fiduciary duty or a breach of the duty of loyalty, both of which the Employee acknowledges are due to and owed to the Company based, among other things, on the Employee’s job duties; 

(vii) The Employee failed or becomes unable, for any reason other than a disability (as defined below), to devote 100% of the
Employee’s business time, his best efforts, skills, and abilities to the Company’s business; 
 (viii) The Employee
failed to diligently or effectively perform the Employee’s duties under any provision of this Agreement or any duty as directed from time to time by the Company; and/or 

(ix) The Employee violated any material policy established by the Company. 

Notwithstanding the foregoing, if the act, omission, failure or violation constituting Cause as described in subsections (i), (iii), (iv), (v),
(vii), (viii) or (ix) above is reasonably possible of being cured in the opinion of the Board, then the Employee will be given thirty (30) days after written notice from the Board of such act, omission, failure or violation to cure
such act, omission, failure or violation. 
 c. Termination in the Event of Death or Disability. The Agreement shall
terminate upon the Employee’s death or Disability. For purposes of the Agreement, “Disability” is defined as any illness, injury, accident or condition of either a physical or mental nature as a result of which the Employee is unable
to perform the essential functions of his duties and responsibilities for ninety (90) days during any period of 365 consecutive calendar days or for any consecutive 90-day period. 

  
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 d. Effect of Termination. 

(i) If the Employee is terminated by the Company due to death or Disability, the Employee (or the Employee’s estate in the
event of death) shall be permitted to receive benefits for which he and/or his beneficiaries are eligible and in which the Employee participated for long term disability insurance or life insurance the Company may have at that time. The Employee (or
the Employee’s estate in the event of death) shall also receive any earned but unpaid base salary, expense reimbursements, and vacation days accrued prior to termination of employment. In addition, the Employee (or the Employee’s estate in
the event of death) shall also receive payment of the Employee’s target bonus for the year in which his employment is terminated, pro-rated for the portion of the year (or other bonus period as the case may be) during which the Employee was
employed through and including the date of termination. 
 (ii) If the Employee is terminated by the Company for Cause, the
Employee shall only be entitled to receive any earned but unpaid base salary and expense reimbursements, and vacation days accrued prior to termination of employment. 

(iii) If the Employee is terminated by the Company other than for Cause, death or Disability and the effective date of such
termination is not within one (1) year after a Change in Control (as defined below), the Employee shall be entitled to payment when due of any earned but unpaid base salary, expense reimbursements, and vacation days accrued prior to termination
of employment. 
 In addition (and notwithstanding the foregoing), the Employee shall also receive the following: severance
benefits, the sum of which shall be equal to one (1) times the Employee’s then base salary (annualized) plus one (1) times the Employee’s target bonus for the year in which his employment is terminated, payable in twelve
(12) monthly installments commencing on the first regularly scheduled payroll date of the Company that occurs on or after the sixtieth (60th) day after the Employee’s separation from service with the Company, if and only if the
Employee executes a separation agreement and general release substantially in the form attached hereto as Exhibit B (the “Release”) and delivers it to the Company within forty-five (45) days after the Employee’s separation
from service with the Company and the Employee does not revoke such Release to the extent permitted by its terms. If the Employee does not deliver the Release to the Company by the due date set forth above or if the Employee revokes such Release, he
shall forfeit all rights to the severance benefits described in this Section 4(d)(iii). 
 Further, if the Employee is
eligible to receive the severance benefits described above and is eligible for and elects continuation of such coverage during the permissible time frame, the Company will pay premiums for continuation of health insurance coverage under COBRA or
state equivalent, up to a maximum of $18,000.00. The Employee will be responsible for premium payments for continuation of such group health insurance coverage after the Company’s obligation expires; and 

  
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 (iv) In the event a Change of Control occurs and, if within one (1) year
thereafter, the Employee’s employment is terminated as an involuntary termination by the Company for a reason other than for Cause, death, or Disability, there is a Triggering Event, or the Employee’s employment is terminated voluntarily
by the Employee, then the Employee will be entitled to payment when due of any unpaid base salary, expense reimbursements, and vacation days accrued prior to termination of employment and the following: 

(a) A lump sum equal to two (2) years of his then current base salary plus two (2) times the Employee’s target
bonus for the year in which his employment is terminated, payable on the first regularly scheduled payroll date of the Company that occurs on or after the sixtieth (60th) day after the Employee’s separation from service with the Company;

 (b) The vesting of all Restricted and Performance Share Units outstanding as of the date of the Employee’s
separation from service, notwithstanding any performance and/or time restrictions; and 
 (c) If the Employee is eligible
for and elects continuation of such coverage during the permissible time frame, the Company will pay premiums for continuation of health insurance coverage under COBRA or state equivalent up to a maximum of $27,000.00. The Employee will be
responsible for premium payments for continuation of such group health insurance coverage after the Company’s obligation expires. 

For purposes of this Agreement, “Change of Control” means the occurrence of any of the following events, each
of which shall be determined independently of the others: 
 (A) any “Person” (as defined herein) becomes a
“beneficial owner” (as such term is used in Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) at least 30% of the stock of the Company entitled to vote in the election of directors
of the Company. For purposes of this definition, the term “Person” is used as such term is used Sections 13(d) and 14(d) of the Exchange Act; 

(B) the individuals who are “Continuing Directors” (as hereinafter defined) of the Company cease to constitute a
majority of the members of the Board. For purposes of this definition, “Continuing Directors” shall mean the members of the Board on the date of execution of this Agreement, provided that any person becoming a member of the Board
subsequent to such date whose election or nomination for election was supported by at least a majority of the directors who then comprised the Continuing Directors shall be considered to be a Continuing Director; 

  
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 (C) the stockholders of the Company adopt and consummate a plan of complete or
substantial liquidation or an agreement providing for the distribution of all or substantially all of the assets of the Company; 

(D) the Company is a party to a merger, consolidation, amalgamation, plan of arrangement or other form of business combination
or a sale of all or substantially all of its assets, with an unaffiliated third party, unless the business of the Company following consummation of such merger, consolidation, amalgamation, plan of arrangement or other business combination is
continued following any such transaction by a resulting entity (which may be, but need not be, the Company) and the stockholders of the Company immediately prior to such transaction hold, directly or indirectly, at least 30% of the total voting
power of the resulting entity; provided, however, that such event constitutes a “change in control event” as described in Treas. Reg.§1.409A-3(a)(5); and provided, further, that a merger, consolidation, amalgamation,
plan of arrangement or other business combination effected to implement a recapitalization of the Company (or similar transaction), shall not constitute a Change in Control; or 

(E) there is a Change in Control of the Company of a nature that is reported in response to item 5.01 of Current Report on
Form 8-K or any similar item, schedule or form under the Exchange Act, as in effect at the time of the change, whether or not the Company is then subject to such reporting requirements. 

For purposes of this Agreement, “Triggering Event” means the occurrence of any of the following events which
occurs without the express agreement in writing of the Employee: 
 (A) an adverse change in the salary or benefits of the
Employee as they exist immediately prior to the Change of Control; 
 (B) a removal of the designation of CEO in the title
of the Employee immediately prior to the Change of Control or a material adverse change in the duties, powers, rights and discretion associated with such title; 

(C) a change in the person or body to whom the Employee reports immediately prior to the Change of Control, except if such
person or body is of equivalent rank or stature or such change is as a result of the resignation or removal of such person or the persons comprising such body, as the case may be, provided that this shall not include a change resulting from a
promotion in the normal course of business; or 
 (D) a change in the location at which the Employee is regularly required
immediately prior to the Change of Control to carry out the terms of his 

  
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employment with the Company, which is of a distance greater than 50 miles from the City of Reno, Nevada, unless the terms of employment of the Employee include the obligation to receive
geographic transfers from time to time in the normal course of business. 
 5. Restrictive Covenants Agreement. As a condition
of the Employee’s employment by the Company and the payment of compensation and receipt of benefits referred to above, the Employee has executed the Restrictive Covenants Agreement. The Employee acknowledges that the Company would not offer his
employment or provide compensation and/or benefits set forth above if he was not willing to be bound by the terms of such Restrictive Covenants Agreement. The Employee acknowledges that: 

a. he will is bound by the terms of such Restrictive Covenants Agreement; 

b. executing this Agreement does not change or alter his obligations under the Restrictive Covenants Agreement; 

c. his continued employment is sufficient consideration for the Employee to remain bound by the terms of the Restrictive
Covenants Agreement; and 
 d. the terms of the Restrictive Covenants Agreement are incorporated herein by reference. 

6. Notice. 

a. To the Company. The Employee will send all communications to the Company in writing, addressed as follows (or in any
other manner the Company notifies him to use): 
 Allied Nevada Gold Corp. 

c/o Rebecca Rivenbark, Vice President, Human Resources and General Counsel 

9790 Gateway Drive Suite 200 

Reno, NV 89521 

b. To the Employee. All communications from the Company to the Employee relating to this Agreement shall be sent to the
Employee in writing, addressed as follows (or in any other manner he notifies the Company to use): 
 Randy Buffington 

[_____________] 

[_____________] 

c. Time Notice Deemed Given. Notice shall be deemed to have been given when delivered or, if earlier (i) three
(3) business days after mailing by United States certified or registered mail, return receipt requested, postage prepaid, or (ii) faxed with confirmation of delivery, in either case, addressed as required in this section. 

  
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 7. Modification or Amendment. No provisions of this Agreement may be modified,
waived, or discharged except by a written document signed by a Company officer duly authorized by the Board or a member of the Board and the Employee. 

8. Waiver. A waiver of any conditions or provisions of this Agreement in a given instance shall not be deemed a waiver of such
conditions or provisions at any other time in the future. No failure or delay by the Company in exercising any right, power, or remedy under this Agreement shall operate as a waiver of any such right power or remedy. 

9. Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of
the State of Nevada. 
 10. Successors. This Agreement shall be binding upon, and shall inure to the benefit of, the Employee
and his estate, but the Employee may not assign or pledge this Agreement or any rights arising under it. Without the Employee’s consent, the Company may assign this Agreement to any affiliate or to a successor to substantially all the business
and assets of the Company. 
 11. Survival. The provisions of Sections 4-16 hereof and the Restrictive Covenants Agreement
shall survive termination of this Agreement or termination of the Employee’s employment with the Company or any successor or assign regardless of the reason for such termination. 

12. Validity and Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
 13. Entire
Agreement. The Employee acknowledges receipt of this Agreement and agrees that with respect to the subject matter hereof it, along with the Restrictive Covenants Agreement, contains the entire understanding and agreement with the Company,
superseding any previous oral or written communication, representation, understanding or agreement with the Company or any representative thereof. No term or condition should be construed strictly against any party on the basis that it was drafted
by such party. 
 14. Tax Compliance. All payments made pursuant to this Agreement shall be subject to withholding of
applicable federal, state and local income and employment taxes. 
 15. Section 409A. Anything in this Agreement to the
contrary notwithstanding: (a) the parties intend that all payments and benefits under this Agreement shall either be exempt from or shall comply with Internal Revenue Code Section 409A (“Section 409A”) and the regulations and
other applicable guidance issued thereunder, and to the maximum extent permitted this Agreement shall be interpreted in a manner consistent with that intent. To the extent that any provision hereof is modified in order to comply with
Section 409A, such modification shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to the Employee and Company of the applicable provision without violating the
provisions of Section 409A; (b) no amount shall be payable pursuant to Section 4 or otherwise upon a termination of employment unless such termination constitutes a “separation from service” with the Company under
Section 409A, and 

  
 8 

 
in the event that the Employee is a “specified employee” for purposes of Section 409A, no amount shall be payable until the first day of the seventh month immediately following the
separation from service; (c) to the extent that reimbursements or other in-kind benefits under this Agreement constitute nonqualified deferred compensation, (i) all expenses or other reimbursements hereunder shall be made on or prior to
the last day of the taxable year following the taxable year in which such expenses were incurred by the Employee, (ii) any right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and
(iii) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year;
(d) for purposes of Section 409A, the Employee’s right to receive installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments, whenever a payment under this
Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company; and (e) any other provision of this Agreement to the contrary
notwithstanding, in no event shall any payment or benefit under this Agreement that constitutes nonqualified deferred compensation for purposes of Section 409A be subject to offset by any other amount unless otherwise permitted by
Section 409A. Notwithstanding anything in this paragraph or any other provision of this Agreement, if any payment under this Agreement gives rise, directly or indirectly, to liability for an additional income tax or penalty under
Section 409A (and/or any penalties and/or interest with respect to such additional income tax or penalty), Employee shall bear the cost of any and all such penalties, taxes and interest. 

16. Section 280G. In the event that any payment or benefits of any type by the Company to or for the benefit of the
Employee, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, would exceed the statutory limit under Internal Revenue Code Section 280G (“Section 280G”) and result in an excise
tax imposed on the Employee by Internal Revenue Code Section 4999 (“Section 4999:) (or any similar tax that may hereafter be imposed), then the Employee shall receive, subject to the conditions of this Agreement and in full satisfaction of
his or her rights under this Agreement, (A) such payment and benefits, or (B) an amount equal to the product of 2.99 and the Employee’s “base amount” (as defined in Section 280G), whichever yields the highest after-tax
benefit to the Employee. If a reduction in payments or benefits is required by operation of the preceding sentence, reduction shall occur in the following order: reduction of cash payments; cancellation of accelerated vesting of stock awards;
reduction of employee benefits. In the event that accelerated vesting of stock awards is to be cancelled, such accelerated vesting shall be cancelled in the reverse order of the grant date of the Employee’s stock awards. Any calculations
regarding the applicability of the Section 4999 excise tax to any payments by the Company to the Employee shall be made in the Company’s discretion. 

  
 9 

									
	Randy Buffington	 		 	ALLIED NEVADA GOLD CORP.
			
	 /s/ Randy Buffington
	 		 	 /s/ Stephen M. Jones

	Date:	 	 December 19, 2013
	 		 	By:	 	 Stephen M. Jones

		 		 		 	Its:	 	 Executive Vice President & CFO

		 		 		 	Date:	 	 December 20, 2013

  
 10 

 EXHIBIT A 

FORM OF EMPLOYEE NONDISCLOSURE, NONCOMPETITION 

NONSOLICITATION AND INVENTIONS AGREEMENT 

This Employee Nondisclosure, Noncompetition, Nonsolicitation and Inventions Agreement (referred to as the “Agreement”) is entered
into on                     , 20        , by and between Allied Nevada Gold Corporation (referred to as the
“Company”) and me. 
 I desire to be employed by the Company and the Company desires to employ me; however, as a condition of my
employment, the Company requires that I agree to the terms of and execute this Agreement. I understand that if I do not agree to the terms of and execute this Agreement, the Company is unwilling to hire and/or retain me and pay me compensation for
my employment. Accordingly, I agree as follows: 
 1. At-Will Employment. I understand and acknowledge that my employment with the Company is
for an unspecified duration and constitutes “at-will” employment. Any representation, statement or implication to the contrary is unauthorized and not valid unless in writing and signed by both Employee and [INSERT TITLE OF AUTHORIZED
PERSON] of the Company. I acknowledge that this employment relationship may be terminated at any time, with or without cause, for any cause or for no cause, at the option either of the Company or myself, and with or without notice. 

2. Confidential, Proprietary and Trade Secret Information. 

(a) I understand that “Personal Property” refers to all tangible property including but not limited to paper, storage
devices, computers, phones, automobiles, machines, tools, equipment, models, molds, any document, record, customer list, management analysis, notebook, plan, model, component, device, tangible property, or computer software or code, whether embodied
in a disk or in any other form, etc., that is used, leased, owned or controlled by the Company. 
 (b) I understand that
“Proprietary Information” means all information that has commercial value in the business in which the Company is engaged. By way of illustration, but not limitation, Proprietary Information includes any and all technical and
non-technical information including patent, copyright, trade secret, proprietary information and other intellectual property and techniques, sketches, drawings, models, inventions, know-how, processes, apparatus, equipment, algorithms, software
programs, software source documents, formulating recipes, and formulae related to the current, future and proposed products and services of the Company, and includes, without limitation, respective information concerning research, experimental work,
development, design details and specifications, engineering, financial information, procurement requirements, purchasing manufacturing, customer lists, business forecasts, sales and merchandising and marketing plans and information. 

“Proprietary Information” also specifically includes but is not limited to joint ventures, exploration programs, documentation
and/or schematics; business proposals and communications; identities of existing investors; details of current mineral exploration land 

  
 1 

 
packages, technical reports/studies and associated technical data; and the identity of any persons or entities associated with or engaged as consultants, advisers, or agents. “Proprietary
Information” further includes proprietary or confidential information of any third party who may disclose such information to the Company or to the Employee in the course of the Company’s business. 

(c) I understand that “Trade Secret Information” shall include any information that is a Trade Secret as defined by
the Nevada Uniform Trade Secrets Act. 
 (d) I understand that “Confidential Information” means all
information disclosed to me or known to me, either directly or indirectly in writing, orally or by drawings or observation of parts or equipment, as a consequence of or through my employment with the Company, that is not generally known to the
public or in the relevant trade or industry about the Company’s business, products, processes, services, employees, investors, and suppliers. (For purposes of this Agreement, Proprietary, Confidential, and Trade Secret Information will be
collectively referenced as “Information.”) 
 (e) I acknowledge that during the performance of my duties with the Company,
I will receive and have access to the Company’s Personal Property and Information. (To the extent I may have acquired Company information while performing work for the Company prior to becoming a Company employee, such Information shall be
entitled to the same protections as Information acquired during my course of employment with the Company.) Because of the nature of the Company’s business, the protection of such Personal Property and Information is of vital concern to the
Company. This Information represents one of the most important assets of the Company and enhances the Company’s opportunity for maintaining business and future growth. 

(f) In exchange for the consideration set forth in this Agreement, I further covenant as follows: 

(i) Both during and following employment, I will hold in strictest confidence the Company’s Information, and will not disclose it to any
individual or entity except with the specific prior written consent of the company, or except as otherwise expressly permitted by the terms of this Agreement, or compelled by legal process. In the event I am required by law or a court order to
disclose any such Information, I shall promptly notify the Company of such requirement and provide the Company with a copy of any court order or of any law which requires such disclosure and, if the Company so elects, to the extent that it is
legally able, permit the Company an adequate opportunity, at its own expense, to contest such law or court order. 
 (ii) Any Trade Secrets
of the Company will be entitled to all of the protections and benefits under the Nevada Uniform Trade Secret Act and any other applicable law. If any information that the Company deems to be a Trade Secret is found by a court of competent
jurisdiction not to be a Trade Secret for purposes of this Agreement, such information will, nevertheless, be considered Confidential Information for purposes of this Agreement. I hereby waive any requirement that the Company submit proof of the
economic value of any Trade Secret. 

  
 2 

 (iii) I will not remove from the Company’s premises (except to the extent such removal is
for purposes of the performance of my duties at home or while traveling, or except as otherwise specifically authorized by the Company) the Company’s Personal Property and Information. I recognize that, as between the Company and me, all of the
Personal Property and Information, whether or not developed by me, is the exclusive property of the Company. 
 (iv) I agree not to use any
of the Company’s Personal Property or Information for any purpose, except for the benefit of the Company, and I agree not to disclose, share, provide or allow use of the Company’s Personal Property or Information to or with any person,
firm or corporation without written authorization from [INSERT TITLE OF AUTHORIZED PERSON]. I agree to abide by the Company’s policies and regulations for the protection of the Company’s Personal Property and Information. I
understand and agree that the unauthorized disclosure, removal or misuse of such Personal Property or Information will irreparably damage the Company and/or third parties dealing with the Company. 

3. Past Non Disclosure. I have not used the Company’s Personal Property or Information for any purpose, except for the benefit of the Company. I
further represent that I have not provided the Company’s Personal Property or Information to any person, firm or corporation for any purpose, except for the benefit of the Company. 

4. Non-Disclosure of Former Employer Information. I agree that I will not, during my employment with the Company, improperly use or disclose any
confidential, proprietary or trade secret information of any former or concurrent employer or other person or entity, and that I will not bring onto the premises of the Company any unpublished document or confidential, proprietary or trade secret
information belonging to any such employer, person or entity unless consented to in writing by such employer, person, or entity. 
 5. Inventions.

 (a) Inventions Retained and Licensed. I have attached hereto, as Exhibit 1, a list describing all inventions, original works of
authorship, developments, improvements, and Trade Secrets which were made by me prior to my employment with the Company (collectively referred to as “Prior Inventions”), which belong to me, and which are not assigned to the Company
hereunder; or, if no such list is attached, by my signature to this Agreement I represent that there are no such Prior Inventions. If in the course of my employment with the Company, I incorporate into a Company product, proceeds or machine a Prior
Invention owned by me or in which I have an interest, the Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify, use and sell such Prior Invention as part of or in
connection with such product, process or machine. 
 (b) Disclosure and Assignment of Inventions. I agree that I will promptly make
full written disclosure to the Company of any and all inventions, original works of authorship, developments, concepts, improvements, designs, discoveries, ideas, techniques, methods, formulas, processes, trademarks or Trade Secrets, whether or not
patentable or registerable under copyright or similar laws, which I may solely or jointly conceive or develop or reduce to practice during the period of time I am in the employ of the Company (collectively referred to as “Inventions”). I
further agree that any and all such Inventions are the sole and exclusive property 

  
 3 

 
of the Company; and that I will hold in trust for the sole right and benefit of the Company, will assign and hereby assign to the Company, or its designee, all my rights, titles, and interests in
and to any and all Inventions except as provided in the “Non-Assertion” sub-section below. I hereby waive and quitclaim to the Company any and all claims, of any nature whatsoever, which I now or may hereafter have for infringement of any
patents, mask works or copyrights resulting from any such application for letters patent or mask work or copyright registrations assigned hereunder to the Company. 

(c) Works for Hire. I further acknowledge that all original works of authorship which are made by me (solely or jointly with others)
within the scope of and during the period of my employment with the Company and which are protectible by copyright are “works made for hire,” (hereinafter “Works”) as that term is defined in the United States Copyright Act or
international law and the Company may file applications to register copyright as author thereof. I assign to the Company all rights, including all copyright rights throughout the world, including all renewals and extensions thereof, in and to all
Works created by me, both past and future, during my employment by the Company. I will take whatever steps the Company requests, including, but not limited to, placement of the Company’s proper copyright notice on such Works to secure or aid in
securing copyright protection and will assist the Company or its nominees in filing applications to register claims of copyright in such Works. I will not reproduce, distribute, display publicly, or perform publicly, alone or in combination with any
data processing or networks system, any Works of the Company without the written permission of the Company. 
 (d) Patent and Copyright
Registrations. I further agree to execute all applications, assignments, contracts and other instruments, as the Company deems necessary to effectuate the intent of this Agreement. If the Company is unable because of my mental or physical
incapacity or for any other reason to secure my signature on any such document, then I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents as my agent and attorney in fact to act for and in my behalf and
stead to execute and file any such document and to do all other lawfully permitted acts to further the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by me. 

(e) Maintenance of Records. I agree to keep and maintain adequate and current written records of all Inventions made by me (solely or
jointly with others) during the term of my employment with the Company. The records will be in the form of notes, sketches, drawings, and any other format that may be specified by the Company. The records will be available to and remain the sole
property of the Company at all times. 
 (f) Non-Assertion. Except for matters listed in Exhibit 1 to this Agreement, I will not
assert any rights as to any inventions, copyrights, patents, discoveries, concepts, or ideas or improvements thereof, or know-how related thereto, as having been made or acquired by me prior to my being employed by the Company, or since the date of
my employment and not otherwise covered by the terms of this Agreement. 
 6. No Solicitation of Employees. I acknowledge that the Company has
invested substantial time, effort and expense in training and assembling its present staff. In order to protect that investment by the Company, for a period of one (1) year following termination of my

  
 4 

 
employment with the Company, regardless of the reason for such termination, I will not hire, attempt to hire or solicit any individual who is an employee of the Company at the time of termination
or was an employee of the Company at any time during the year preceding termination of my employment with the Company. 
 9. No Solicitation or
Acceptance of Business from Customers or Business Partners. I agree that I, whether acting directly or indirectly, whether as a principal, consultant, employee, owner, shareholder, director, officer, partner, advisor, agent, financier,
independent contractor or otherwise, during the period of my employment with the Company and for a period of 1 year immediately following the termination of my employment for any reason (voluntary or involuntary), whether with or without cause: 

(a) Will not either directly or indirectly, either for myself or for any other person or entity, solicit, induce, recruit or encourage any of
the Company’ Customers (as defined below) to reduce or negatively change or otherwise alter their existing relationship, course of dealing or level of business with the Company. This prohibition specifically includes soliciting, inducing,
recruiting or encouraging any of the Company’ Customers to send or do business with an alternative business or entity; 
 (b) Canvass,
solicit or accept competing business from any Customer or Prospective Customer, Business Partner, or Prospective Business Partner of the Company. 

For purposes of this Agreement, a “Customer” is any person or entity to whom the Company has sold any of its products or services in
the 2 years preceding my separation from employment with the Company. A “Prospective Customer” is any person or entity to whom the Company has provided a written proposal to deliver products or services in the 1 year preceding my
separation from employment with the Company. A “Business Partner” is an individual or entity who is a property owner or joint venture partner associated with the Company. A “Prospective Business Partner” is an individual or
entity whom the Company is or was actively pursuing as a potential partner or a business associate, as evidenced by outstanding written proposals from the Company to the prospective partner or business associate at anytime during the 1 year
preceding the termination of my employment with the Company. 
 10. Non-Competition. I agree that during the period of my employment with the Company
and for a period of 1 year immediately following the termination of my employment with the Company for any reason (voluntary or involuntary), within the Protected Areas, I, whether acting directly or indirectly, whether as a principal, consultant,
employee, owner, shareholder, director, officer, partner, advisor, agent, financier, independent contractor or otherwise, will not: 
 (a)
Either directly or indirectly, for myself or any third party, divert or attempt to divert any business of the Company; 
 (b) Engage in gold
mining or mine exploration; 
 (c) Accept any position or affiliation with a company as a result of which I will, in the regular and
ordinary course of business, necessarily be called upon, required, or expected to reveal, base judgments on, or otherwise use Information that I have received during my employment with the Company; 

  
 5 

 (d) Engage or invest in, own, manage, operate, finance, control, or participate in, lend my name
or credit to, or render services or advice to, any business that conducts gold mining or mine exploration, provided, however, that the beneficial ownership of less than 5% of any class of securities of any entity having a class of equity securities
actively traded on a national securities exchange or the Nasdaq Stock Market will not be deemed, in and of itself, to violate the prohibitions of this paragraph. 

The “Protected Areas” for purposes of this Agreement shall constitute the State of Nevada and other mineral districts in which the
Company (i) is engaging in business or actively pursuing an exploration, development or mining opportunity, as evidenced by outstanding proposals from the Company to the prospective partner or individual entity with whom the Company is pursuing
a business relationship at the time of termination of my employment with the Company. 
 11. Extension of Non-Solicitation and Non-Compete Covenants.
The period of time applicable to the covenants not to solicit and not to compete will be extended by the duration of any violation by me of such covenant(s). In addition, the time periods applicable to the covenants not to solicit employees and not
to compete will be extended by the duration of any period of time during which I am retained as a consultant to the Company or an independent contractor by the Company (in any capacity). 

7. Returning Personal Property and Confidential, Proprietary, or Trade Secret Information. Upon termination of employment, or upon the request of the
Company during employment, I will return to the Company all of the Personal Property and Information in my possession or subject to my control, and I shall not retain any copies, abstracts, sketches, or other physical embodiment of any of the
Personal Property or Information. I also agree that I will not recreate, copy or deliver to anyone else any Personal Property and Information of the Company. 

8. Reasonableness of Restrictions. I agree and acknowledge that the restrictions of this Agreement are reasonable and necessary, and will not prevent
me from obtaining adequate and gainful employment upon termination of my employment with the Company. 
 9. Duty of Loyalty. I agree that during my
employment with the Company, I will not participate in, assist, or take any action designed to benefit a person or entity engaging in any business that competes or plans to compete with the Company. 

10. Survival. Termination of my employment, whether voluntary or involuntary, whether with or without cause (even if I believe such termination is in
violation of the law or contract), shall not impair or relieve me of my obligations set forth in this Agreement, which shall survive the termination. 
 11.
Remedies and Relief. I agree that it would be impossible or inadequate to measure and calculate the Company’s damages and that the Company will be immediately and irreparably harmed from any breach of the restrictive covenants set forth
in this Agreement. Accordingly, I agree that in addition to any remedies at law or equity that may be available to the Company for such breach, the Company may also seek specific performance, seek appropriate injunctive relief to prevent a breach,
and seek any other relief that may be available. Such relief shall be in addition to other remedies available and shall not constitute an election of remedies. 

  
 6 

 (a) Costs and Attorneys’ Fees. In the event that a dispute under this Agreement
arises, the prevailing party shall be entitled to recover its reasonable attorney’s fees and costs incurred in pursuing or defending the matter. 

(b) Indemnity. I agree to indemnify and hold the Company harmless from and against (i) any and all claims, demands, proceedings,
suits and actions against the Company, and (ii) any and all losses, liabilities, damages, costs suffer by the Company, resulting from any breach of this Agreement. 

12. General Provisions. 
 (a)
Governing Law; Consent to Personal Jurisdiction. The laws of the state of Nevada shall govern this Agreement. In any legal proceeding arising under this Agreement, venue shall be in Washoe County, Nevada, and Employee consents to personal
jurisdiction in Nevada and Washoe County. The venue choice set forth herein shall not limit or restrict the Company’s right, at its sole discretion, to pursue the equitable, injunctive or specific performance remedies set forth in this
Agreement in any jurisdiction or venue where I may be found or where a breach or threatened breach may or has occurred. . 
 (b) Entire
Agreement; Enforcement of Right. This Agreement sets forth the entire agreement and understanding between the Company and me relating to the subject matter herein and merges all prior discussion between us. No modification of or amendment to
this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed by me and [INSERT TITLE OF AUTHORIZED PERSON]. No oral waiver, amendment or modification will be effective under any circumstances
whatsoever. The failure by either party to enforce any rights hereunder will not be construed as a waiver of any rights of such party. Any subsequent change or changes in my duties, salary or compensation will not affect the validity or scope of
this Agreement. 
 (c) Enforceability. The parties intend that the covenants contained in this section shall be construed as a series
of separate covenants. If any provision of this Agreement is determined to be to be wholly or partially illegal, invalid, contrary to public policy or unenforceable, the legality, validity, and enforceability of the remaining parts, terms, or
provisions shall not be affected thereby, and said illegal, unenforceable, or invalid part, term, or provision shall be first amended to give it/them the greatest effect allowed by law and to reflect the intent of the parties. If modification is not
possible, such term shall be severed from this Agreement. 
 (d) Successors. This Agreement will be binding upon my heirs, executors,
administrators and other legal representatives and will be for the benefit of the Company, its successors, and its assigns. 
 (e)
Assignment and Addition of Parties. I agree that this Agreement, specifically including the non-compete, non-solicitation and confidentiality provisions, may be assigned by the Company, including to a successor-in-interest to Company’s
business whether by sale of assets, stock, merger or otherwise, and I consent to any such assignment. The assignment is supported by consideration, including my employment, continued employment and/or the first 10% of any bonus I receive from the
Company. 

  
 7 

 Employee Acknowledgment 

I acknowledge that I have read and understand the provisions of this Agreement, and I have been given an opportunity for my legal counsel to review this
Agreement. I further acknowledge that the provisions of this Agreement are reasonable, and I will fully and faithfully comply with this Agreement. Finally, I acknowledge that I have entered into this Agreement freely and voluntarily and not as the
result of any threat, promise or undue influence made or exercised by the Company or any other party. 
  

							
	 Date:
                                        

	 		 		 	
				
		 		 		 	  

		 		 		 	Signature
				
		 		 		 	  

		 		 		 	Name of Employee (typed or printed)
				
	 Date:
                                        

	 		 		 	
				
		 		 		 	  

		 		 		 	Signature
				
		 		 		 	  

		 		 		 	Employer Representative (typed or printed)

  
 8 

 EXHIBIT 1 

LIST OF PRIOR INVENTIONS, DISCOVERIES OR IDEAS 

AND ORIGINAL WORKS OF AUTHORSHIP CREATED, DEVELOPED OR 

CONCEIVED BY THE EMPLOYEE PRIOR TO BEGINNING EMPLOYMENT WITH 

THE COMPANY 
  

 
  

					
	TITLE	 	DATE	 	 IDENTIFYING NUMBER

OR BRIEF DESCRIPTION

		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	

  

					
	
              
       
	 		 	 I have no inventions, discoveries, ideas or original works of authorship.

			
	  
	 		 	 Additional Sheets Attached.

			
	  
	 		 	 I agree to immediately correct or amend this list with written notification to the Company.

  

					
	 Signature of Employee:
	 	  
	 	
			
	 Print Name of Employee:
	 	  
	 	

					
			
	 Date:
	 	  
	 	

  
 9 

 Exhibit B 

FORM OF SEPARATION AGREEMENT AND 

RELEASE OF ALL CLAIMS 
 This
Severance Agreement and Release of All Claims (“Agreement”) is made and entered into by and between [INSERT FIRST AND LAST NAME OF EMPLOYEE] (hereinafter sometimes referred to as “Employee”), and Allied Nevada Gold
Corporation (hereinafter sometimes referred to as the “Company”). 
 WITNESSETH: 

WHEREAS, Employee’s employment with the Company terminated, and Employee and the Company desire to settle fully and finally all
differences between them in connection with Employee’s departure from the Company. Consequently, in consideration of the mutual covenants and promises herein contained and other good and valuable consideration, the value of which is hereby
acknowledged, and to avoid unnecessary litigation, the parties agree as follows: 
 1) Releasees. As used in this Agreement, the term
“Releasees” shall include the Company and each of the Company’s successors, assigns, heirs, agents, directors, board members, officers, employees, insurers, former employees, employee benefit plans and trusts, representatives,
attorneys, parent or subsidiary entities, acquiring or acquired entities, related entities (and agents, directors, officers, employees, representatives and attorneys of such related entities), and all persons acting by, through, under or in concert
with any of them. 
 2) No Admission of Liability. This Agreement and compliance with this Agreement shall not be construed as an admission by the
Company of any liability whatsoever, or as an admission by the Company of any violation of the rights of Employee or any person, violation of any order, law, statute, duty, or contract whatsoever against Employee or any person. 

3) Consideration. As consideration for this Agreement, the Company will pay Employee the following: 

a) Adequacy of Consideration. Employee agrees that the consideration the Company is providing to Employee under this Agreement is
sufficient, just and adequate. Employee will not seek any further compensation in connection with the matters encompassed in this Agreement. 

b) Tax Issues. Employee is hereby advised that the severance amount is likely to be considered taxable income and subject to disclosure
to the appropriate taxing authorities. Employee is hereby advised that he/she should consult a tax expert with any relevant tax questions. Employee agrees to pay federal or state taxes, if any, which are required by law to be paid with respect to
this severance and Agreement. Employee further agrees to indemnify, defend and hold Releasees harmless from any claims, demands, deficiencies, levies, assessments, executions, judgments or recoveries by any governmental entity against Releasees for
any amounts claimed due on account of this Agreement. 
 4) No Claims and Covenant Not to Sue. Employee represents that he/she has not filed any
complaints, claims, charges, appeals, or actions against Releasees with any state, federal, or local agency or court and that he/she will not do so at any time hereafter. Nothing in this Agreement shall be construed to prohibit Employee from filing
a charge or complaint with the Equal Employment Opportunity Commission, the National Labor Relations Board (NLRB), or 

 
any other federal, state or local agency charged with the enforcement of any employment laws, challenging the validity of this Agreement or participating in any investigation or proceeding
conducted by such agency. With regard to the release of claims under the Age Discrimination in Employment Act (“ADEA”) and the Older Workers Benefit Protection Act (“OWBPA”), Employee may challenge the knowing and voluntary
nature of this release as it extends to such age discrimination claims. However, Employee is hereby releasing and forever waiving any private right to sue. 

5) Confidential Information. Employee hereby represents and acknowledges that in the course of Employee’s employment with Releasees, Employee has
had access to and made use of certain confidential information of actual or potential independent economic value relating to Releasees’ business (“Confidential Information”). Such confidential information includes, but is not limited
to existing and contemplated services, programs, joint ventures, exploration programs, documentation and/or schematics; business, accounting and financial information and data; marketing plans and strategies; business proposals and communications;
identities of existing investors; details of current mineral exploration land packages, technical reports/studies and associated technical data; and the identity of any persons or entities associated with or engaged as consultants, advisers, or
agents. Such information is and shall be the property of the Company exclusively. Employee will not disclose or use any of the aforesaid confidential information, directly or indirectly. 

6) Trade Secrets. Employee shall continue to keep secret and retain in the strictest confidence, and shall not disclose, publish, disseminate, or
otherwise reveal or use, for the benefit of himself or others, any of the Company’s trade secrets, defined as information which: (a) derives economic value, actual or potential, from not being generally known to the public or readily
ascertainable by other persons (outside the Company) who can obtain economic value from its disclosure or use; and (b) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy or confidentiality. 

7) Company Property. Employee further represents that all of the Company’s property, including its files, records, documents, drawings,
specifications, client lists, equipment, graphics, designs, and similar items, including any and all copies whether prepared by Employee or otherwise coming into Employee’s possession, shall remain the exclusive property of Releasees and have
not and will not be removed from the premises of Releasees by Employee or Employee’s agent(s). Employee further represents that all such property is no longer in his/her possession. 

8) No Disparagement. Except as otherwise required by law, Employee agrees to refrain from any publication, oral, written or by implication, of a
defamatory, disparaging or otherwise derogatory matter pertaining to Releasees or to Employee’s employment relationship with Releasees. Except as otherwise required by law, the Company agrees that, as a company, it will refrain from any
publication, oral and/or written, of a defamatory, disparaging or of an untruthful nature pertaining to Employee and/or Employee’s employment with the Company. (Actions by individual Company employees in their private capacity and not on behalf
of the Company which are inconsistent with this Paragraph will not amount to a breach of the Paragraph by the Company.) 
 9) Release. With the
exception of any claim that the law precludes Employee from waiving by agreement, Employee irrevocably and unconditionally releases, acquits and forever discharges Releasees from any and all charges, complaints, claims, promises, agreements,
controversies, liabilities, obligations, damages, actions, causes of action, suits, rights, demands, costs, losses, debts and expenses (including attorney’s fees and costs actually incurred), of any nature whatsoever, known, whether based on
contract, statute or common law, or unknown which arise from any and all events occurring on or before the date of this Agreement, 

  
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including without limitation, all claims arising from actions or inactions by any of the Releasees. To the extent applicable law may prohibit a waiver of claims under a particular statute,
Employee acknowledges that he/she has no valid claim under the statute. Employee does not waive or release any rights arising after the date of execution of this Agreement. 

a) Additional Scope of Release. In addition, and not by way of limitation, to the broad and general release set forth above, Employee
specifically acknowledges and agrees that by executing this Agreement he/she is releasing any claims against Releasees for disability discrimination in violation of the Americans with Disabilities Act of 1990 (“ADA”) (42 U.S.C.
§§ 12101), any violation of the Civil Rights Act of 1964 (42 U.S.C. §§ 2000e, et. seq.)(“Title VII”), the Equal Pay Act of 1963 (29 U.S.C. § 2006(d)), any claims under 42 U.S.C. Section 1981, claims under the
Employee Retirement Income Security Act (“ERISA”), any claims under the Age Discrimination in Employment Act of 1967 (“ADEA”), the Older Workers Benefit Protection Act (“OWBPA”), the Family and Medical Leave Act (29
U.S.C. § 2601, et. seq.)(“FMLA”), the Worker Adjustment Retraining and Notification Act, Nevada Revised Statutes §§ 613.310 to 613.430 (Employment Discrimination, Harassment and Retaliation); Nevada Revised Statutes
§§ 608.005 to 608.195 (Payment and Collection of Wages and Penalties); Nevada Revised Statutes §§ 608.250 to 608.290 (Minimum Wage); Nevada Revised Statutes §§ 612.010 to 612.760 (Unemployment Compensation Law); Nevada
Revised Statutes Chapters 616A to 616D (Nevada Industrial Insurance Act) and/or Chapter 617 (Nevada Occupational Diseases Act); Nevada Revised Statutes §§ 618.005 to 618.936 (Nevada Occupational Safety and Health Act); Nevada Genetic
Information and Testing Law; Nevada Labor Relations Laws; any claims under any state law, statute or ordinance, including state equal opportunities for employment laws and fair employment and housing laws, any claims arising under the Fair Labor
Standards Act (29 U.S.C. § 201, et. seq.) and any similar state statute, any wage, hour, tip or bonus claims arising under any federal, state or local law, any claim for retaliation, and any claims growing out of any legal restriction on
Releasees’ right to terminate or constructively terminate its employees including, but not limited to, contract, tort, public policy or wrongful discharge, which arise from any and all events occurring on or before the date of this Agreement.
This release shall also include claims for interference with contract and/or prospective economic advantage and claims relating to or arising from any right to purchase, or actual purchase of equity or debt interests in the Company. 

b) Waiver of Unknown Claims. Employee expressly waives all rights under Section 17.245 of the Nevada Revised Statutes,
understanding and acknowledging the significance of such specific waiver of Section 17.245, which reads as follows: 
 When a release or
a covenant not to sue or not to enforce judgment is given in good faith to one of two or more persons liable in tort for the same injury . . . : (a) It does not discharge any of the other tortfeasors from liability for the injury . . . unless
its terms so provide, but it reduces the claim against the others to the extent of any amount stipulated by the release or the covenant, or in the amount of the consideration paid for it, whichever is the greater[.] 

This release includes, without limitation, all claims which Employee does not know or suspect to exist in his/her favor at the time he/she signs this
Agreement. 
 c) Affirmations. Employee affirms that he/she reported all hours worked as of the date of this Agreement and has been
paid, all compensation, including wages, overtime, bonuses, commissions, vacation pay, tips, penalties, fines, shares, stock options, and/or other benefits and compensation to which Employee may have been entitled. Employee agrees that the foregoing
payment, along with any final wages paid to Employee, includes and exceeds all and other compensation due and payable to him/her through his/her last date of employment with the Company. Employee also affirms that he/she received all leave (paid or
unpaid) to which he/she was entitled, and/or that he/she was not denied requested leave (paid or unpaid) to which he/she 

  
 3 

 
was entitled under the Family Medical Leave Act (FMLA), the Americans With Disabilities Act (ADA), or any other applicable federal, state, or local leave statute or law. Employee further affirms
that he/she has no known workplace injuries or occupational diseases for which he/she has not filed a claim for workers’ compensation benefits. Further, Employee affirms that all of the Company’s decisions regarding Employee’s pay and
benefits through the date of Employee’s separation of employment were not discriminatory based on age, disability, race, color, sex, religion, national origin, sexual orientation, Veteran status, or any other classification protected by law.

 d) Mistake of Fact. Employee expressly assumes the risk of any mistake of fact in connection with the matters compromised herein
or in regard to facts relating thereto which are now unknown. In this connection, Employee acknowledges and waives any provisions of law or statute which limit in any way the giving of a general release. 

10) Recitals. Employee understands and agrees that he/she: 

a) Has carefully read and fully understands all of the provisions of this Agreement. 

b) Is, through this Agreement, releasing the Company from any and all claims he/she may have against the Company. 

c) Is knowingly and voluntarily agreeing to all of the terms set forth in this Agreement, and knowingly and voluntarily intends to be legally
bound by the same. 
 d) Was advised and hereby is advised in writing to consider the terms of this Agreement and to consult with an
attorney of his/her choice prior to executing this Agreement and has had a reasonable period of time to consult with his/her attorney prior to executing this Agreement. Employee understands and agrees that the terms of this Agreement were determined
after negotiation, and as such, should not be strictly construed for or against any party. 
 e) Understands that rights or claims under the
Age Discrimination in Employment Act of 1967 (29 U.S.C. § 621, et seq.) that may arise after the date this Agreement is executed are not waived. Employee acknowledges that this release of claims is not requested in connection with an
exit incentive program or other employment termination program offered to a group or class of employees within the meaning of OWBPA. 
 f)
Has, by this Agreement and release, been advised to consult with an attorney of his/her choice before signing. Employee also understands that he/she has up to twenty-one (21) full days to consider whether to sign this Agreement and release.
Any changes to this Agreement, whether they are material or immaterial, do not restart the 21-day period. By signing on any date prior to the expiration of the 21-day period, Employee voluntarily elects to forego waiting 21 full days to sign the
Agreement and release. Employee and the Company acknowledge and agree that for a period of seven (7) calendar days following his/her execution of this Agreement, Employee may revoke this Agreement, as it applies to claims under the ADEA and/or
the OWBPA, by providing the Company with written notification of such revocation.  

  
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 11) Effective Date. This Agreement shall become binding and effective as of the date and time Employee and
the Company sign this Agreement, except for any age claims for which this Agreement shall become binding and effective after expiration of the seventh (7th) day after Employee signs this
Agreement. Employee agrees that should he/she revoke his/her waiver/release of any claims or rights under the ADEA and/or the OWBPA that is contained in this Agreement, pursuant to Paragraph 10(g), he/she is only revoking the waiver/release of those
claims and rights that arise under the ADEA and the OWBPA. All non-age claims, provisions, covenants and releases contained in this Agreement are not subject to being revoked after Employee signs below. Further, should Employee revoke his/her waiver
of the applicable age claims, he/she understands that Employee will receive only 20% of the money and benefits to be paid under this Agreement, and Employee agrees that such reduced payment represents an appropriate amount to be paid for
Employee’s release of all applicable non-age claims and other provisions of this Agreement. Further, should Employee revoke his/her release/waiver of the applicable age claims and rights, all of the remaining covenants, promises and
consideration remain in effect. 
 12) Counterparts. This Agreement may be executed in counterparts, and each executed counterpart shall have the
efficacy and validity of a signed original and with the same effect as if all parties hereto had signed the same document. All counterparts so executed shall be deemed to be an original, shall be construed together and shall constitute one
agreement. Photographic copies of such executed counterparts may be used in lieu of the original for any purpose. 
 13) Successors. This Agreement
shall be binding upon the parties hereto and upon their heirs, administrators, representatives, executors, successors, and assigns, and shall inure to the benefit of said parties and each of them and to their heirs, administrators, representatives,
executors, successors, and assigns. Employee expressly warrants that he/she has not transferred to any person or entity any rights, causes of action, or claims released in this Agreement. 

14) Governing Law and Consent to Personal Jurisdiction. The laws of the state of Nevada shall govern this Agreement. In any legal proceeding arising
under this Agreement, venue shall be in Washoe County, Nevada, and Employee consents to personal jurisdiction in Nevada and Washoe County. The venue choice set forth herein shall not limit or restrict the Company’s right, at its sole
discretion, to pursue the equitable, injunctive or specific performance remedies set forth in this Agreement in any jurisdiction or venue where Employee may be found or where a breach or threatened breach may or has occurred. 

15) Waiver and Modification. A waiver by either party of any term, condition or provision of this Agreement shall not be construed as a waiver of any
other or subsequent term, condition or provision. This Agreement may not be altered, amended or modified, or otherwise changed in any respect whatsoever, except by a subsequent writing executed by authorized representatives of the parties. 

16) Representations. Employee represents and acknowledges that in executing this Agreement he/she does not rely and has not relied upon any
representation or statement made by Releasees or by any of Releasees’ agents, attorneys, or representatives with regard to the subject matter of this Agreement, other than those specifically stated in this written Agreement. 

17) Remedies and Relief. In addition to any remedies at law or equity that may be available to the Company for any breach by Employee, the Company may
also seek specific performance, seek appropriate injunctive relief to prevent a breach, and seek any other relief that may be available. Such relief shall be in addition to other remedies available and shall not constitute an election of remedies.

  
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	 	a)	Costs and Attorneys’ Fees. In the event that a dispute under this Agreement arises, the prevailing party shall be entitled to recover its reasonable attorney’s fees and costs incurred in pursuing or
defending the matter. Any violation of this Agreement that relates to Employee’s assertion of any right(s) under the ADEA or the OWBPA, shall not subject Employee to damages, costs or attorneys’ fees under this Agreement, except those
authorized by statute. 

 18) Enforceability. If any provision of this Agreement is determined to be to be wholly or partially illegal,
invalid, contrary to public policy or unenforceable, the legality, validity, and enforceability of the remaining parts, terms, or provisions shall not be affected thereby, and said illegal, unenforceable, or invalid part, term, or provision shall be
first amended to give it/them the greatest effect allowed by law and to reflect the intent of the parties. If modification is not possible, such term shall be severed from this Agreement. 

19) Cooperation in Legal Matters. Employee agrees that upon reasonable notice from the Company, he/she will make him/herself available to the Company,
and cooperate honestly and accurately with the Company, in connection with any proceedings before any court or agency, pertaining to any matter with respect to which he/she has knowledge or information as a result of his/her employment with the
Company. The Company agrees, upon receipt of proper documentation, to reimburse Employee for reasonable costs that he/she incurs in fulfilling this covenant. 

20) Entire Agreement. Except for Employee’s Nondisclosure, Noncompetition, Nonsolicitation and Inventions Agreement with the Company, which is
expressly incorporated by reference herein, this Agreement sets forth the entire agreement between the parties and fully supersedes any and all prior or contemporaneous agreements or understandings, written or oral, between the parties pertaining to
the subject matter hereof. 
 21) Information to Prospective Employers. Prospective employers requesting employment information regarding Employee
will be provided with neutral information concerning the dates of employment, job title and function. The wage/salary earned by Employee will only be provided upon receipt by the Company of a release for such information, signed by Employee. 

22) Employment Benefits. Except as otherwise provided in Employee’s Employment Agreement with the Company, the Company shall not be obligated to
continue and/or provide for, or pay, Employee’s existing health, dental, and life insurance or any other benefits from or after the date of Employee’s termination. Employee may have the right to invoke the Consolidated Omnibus Budget
Reconciliation Act of 1985, to continue certain benefits. If Employee desires to exercise such rights, he/she shall immediately notify             . A failure to do so may result in a loss
of benefits. This Agreement shall not alter Employee’s statutory rights. 
 23) Pension Benefits. After the date of Employee’s termination,
no further contributions shall be made to the 401(k) or Profit-Sharing Plans or any other benefits plans, on behalf of Employee; however, he/she shall be entitled to receive any and all benefits that have vested in him solely as determined by the
terms and conditions of the Plan and Trust Agreements ]. A statement of Employee’s account will be supplied to Employee upon request. 
 THE
SIGNATURES BELOW ACKNOWLEDGE THAT EACH PARTY HAS READ AND UNDERSTANDS THE FOREGOING PROVISIONS AND THAT SUCH PROVISIONS ARE REASONABLE AND ENFORCEABLE. EACH SIGNATURE BELOW ALSO ACKNOWLEDGES THAT EACH PARTY HAS SIGNED THIS AGREEMENT AS HIS/HER/ITS
OWN FREE AND VOLUNTARY ACT, AND THAT EACH PARTY ACKNOWLEDGES THIS IS AN IMPORTANT AND BINDING LEGAL CONTRACT WHICH SHOULD BE REVIEWED BY AN INDEPENDENT ATTORNEY. 

  
 6 

							
	 Dated:                     
20        .
	 		 	By:	 	  

		 		 		 	FIRST AND LAST NAME OF EMPLOYEE
				
	 Dated:                     
20        .
	 		 	By:	 	  

		 		 		 	ALLIED NEVADA GOLD CORPORATION

  
 7

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