Document:

exhibit_4-10.htm

EXHIBIT 4.10

 

Form 51-102F3

Material Change Report

 

	
Item 1

	
Name and Address of Company

 

Pretium Resources Inc. (“Pretivm”)

Suite 1600, 570 Granville Street

Vancouver, BC

V6C 3P1

 

	
Item 2

	
Date of Material Change

 

March 6, 2014

 

	
Item 3

	
News Release

 

The news release dated March 6, 2014 was disseminated through Marketwire and filed on SEDAR.

 

	
Item 4

	
Summary of Material Change

 

Pretivm announced that it had closed its private placement of 568,182 ITC flow-through common shares of Pretivm at a price of $8.80 per share and 1,953,467 CEE flow-through common shares of Pretivm at a price of $8.05 per share for aggregate gross proceeds of approximately $20.725 million.  An aggregate of 90,112 of the total CEE Flow-Through Shares were issued as a result of the agents exercising, in part, their over-allotment option under the Offering.

 

	
Item 5

	
Full Description of Material Change

 

	  	
5.1  Full Description of Material Change

 

Pretivm announced that it closed its private placement of 568,182 ITC flow-through common shares (“ITC Flow-Through Shares”) of Pretivm at a price of $8.80 per share and 1,953,467 CEE flow-through common shares (the “CEE Flow-Through Shares” and together with the ITC Flow-Through Shares, the “Flow Through Shares”) of Pretivm at a price of $8.05 per share for aggregate gross proceeds of approximately $20.725 million (the “Offering”).  An aggregate of 90,112 of the total CEE Flow-Through Shares were issued as a result of the agents exercising, in part, their over-allotment option (the “Option”) under the Offering.

 

The agents also exercised, in part, their Option for the purchase of an additional 34,112 CEE Flow-Through Shares for aggregate gross proceeds of approximately $275,000 which is expected to close on or about March 7, 2014, and for 496,895 CEE Flow-Through Shares for aggregate gross proceeds of approximately $4 million, which is expected to close on or about March 20, 2014. The agents retain the discretion to exercise up to an additional 124,223 CEE Flow-Through Shares at any time prior to March 21, 2014.

 

BMO Capital Markets was the lead agent and sole bookrunner for the Offering which included a syndicate of agents.

 

 

  

1

  

 

 

	 	 
The proceeds of the Offering will be used to advance exploration activities in the Brucejack Project’s Valley of the Kings related to mine plan optimization and new exploration targets. The gross proceeds of the Offering will be used during the 2014 exploration program to incur eligible Canadian Exploration Expenses ("CEE"), and for the ITC Flow-Through Shares, that will qualify as "flow through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada), and "BC flow-through mining expenditures", as defined in the Income Tax Act (British Columbia), (the "Qualifying Expenditures"), which will be renounced to the subscribers with an effective date no later than December 31, 2014.

 

The Flow-Through Shares are subject to resale restrictions for a period of four months plus one day from their issuance. The Flow-Through Shares offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act.

 

	  	
5.2 Disclosure for Restructuring Transactions

 

Not applicable.

 

	
Item 6

	
Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

 

Not applicable.

 

	
Item 7

	
Omitted Information

 

Not applicable.

 

	
Item 8

	
Executive Officer

 

Joseph Ovsenek, Chief Development Officer & Vice President

Phone:  604-558-1784

 

	
Item 9

	
Date of Report

 

Dated at Vancouver, BC, this 14th day of March, 2014.

 

 

 

 

 

 

2exhibit_4-12.htm

EXHIBIT 4.12

 

Form 51-102F3

Material Change Report

 

	
Item 1

	
Name and Address of Company

 

Pretium Resources Inc. (“Pretivm”)

Suite 1600, 570 Granville Street

Vancouver, BC

V6C 3P1

 

	
Item 2

	
Date of Material Change

 

March 20, 2014

 

	
Item 3

	
News Release

 

The news release dated March 20, 2014 was disseminated through Marketwire and filed on EDGAR.

 

	
Item 4

	
Summary of Material Change

 

Pretivm announced that it closed the final tranche of the agents’ option in respect of its previously announced flow-through private placement.  The Company issued an aggregate of 869,566 CEE flow-through common shares at a price of $8.05 per share for aggregate gross proceeds of approximately $7.0 million.

 

	
Item 5

	
Full Description of Material Change

 

	  	
5.1  Full Description of Material Change

 

Pretivm announced that it closed the final tranche of the agents’ option in respect of its previously announced flow-through private placement (the “Offering”).  The Company issued an aggregate of 869,566 CEE flow-through common shares (the “CEE Flow-Through Shares” and together with the ITC Flow-Through Shares as defined below, the “Flow Through Shares”) of Pretivm at a price of $8.05 per share for aggregate gross proceeds of approximately $7.0 million.  An aggregate of 248,448 of the total CEE Flow-Through Shares issued were issued as a result of the agents exercising their additional over-allotment option (the “Additional Option”) granted by the Company as announced on March 7, 2014.

 

A total of 3,425,327 Flow Through Shares have been issued under the Offering since March 6, 2014, for total gross proceeds to Pretivm of approximately $28.0 million.

 

BMO Capital Markets was the lead agent and sole bookrunner for the Offering, which included a syndicate of agents.

 

 

 

  

1

  

 

 

	 	

The proceeds of the Offering will be used to advance exploration activities in the Brucejack Project’s Valley of the Kings related to mine plan optimization and new exploration targets. The gross proceeds of the Offering will be used during the 2014 exploration program to incur eligible Canadian Exploration Expenses ("CEE") and, for the 568,182 ITC flow-through common shares (the “ITC Flow-Through Shares”) issued on March 6, 2014, as previously announced, that will qualify as "flow through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada), and "BC flow-through mining expenditures", as defined in the Income Tax Act (British Columbia), (the "Qualifying Expenditures"), which will be renounced to the subscribers with an effective date no later than December 31, 2014.

 

The Flow-Through Shares are subject to resale restrictions for a period of four months plus one day from their issuance. The Flow-Through Shares offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act

 

	  	
5.2 Disclosure for Restructuring Transactions

 

Not applicable.

 

	
Item 6

	
Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

 

Not applicable.

 

	
Item 7

	
Omitted Information

 

Not applicable.

 

	
Item 8

	
Executive Officer

 

Joseph Ovsenek, Chief Development Officer & Executive Vice President

Phone:  604-558-1784

 

	
Item 9

	
Date of Report

 

Dated at Vancouver, BC, this 20th day of March, 2014.

 

 

 

 

 

 

 

2EXHIBIT
10.1

 

 

9%
CONVERTIBLE SENIOR DEBENTURES DUE JUNE 30, 2010

 

DEBENTURE
AGREEMENT

 

This
Debenture Agreement (this “Agreement”) is entered into this            day
of                  ,
2007 by and between Teletronics International, Inc., a Delaware corporation, with its principle place of business located at
2 Choke Cherry Road, Rockville, Maryland 20850 USA (hereinafter the “Company”)
and                with an
address of                                                                               
 (hereinafter the “Holder” or “you”).

 

1.Information
Memorandum.

 

The
Information Memorandum related to this Agreement dated May15, 2006, as amended September 30, 2006, provided to you simultaneously
herewith, constitutes a substantially accurate statement of the financial position, current operations, use of proceeds, and future
intended business of the Company.

 

2. Issuance
of Debentures.

 

The
Company has duly and validly authorized the issuance of 9% Senior Convertible Debentures up to an aggregate principal amount of
Five Million US Dollars ($5,000,000) in multiples of Twenty-Five Thousand Dollars ($25,000) with a minimum principal amount of
Fifty Thousand Dollars ($50,000). The Debentures shall be issued in various amounts and on various dates between May 15, 2006
and July 31, 2008 (an “Issue Date”), all substantially in the form attached to this Agreement as Exhibit
A. Upon execution and delivery in accordance with the terms and conditions of this Agreement, the Debenture(s) shall become
valid and legally-binding obligations of the Company. All Debentures shall mature on June 30, 2010 (the “Maturity Date”)
unless earlier converted into common stock of the Company by the Holder or redeemed by the Company.

 

3. Interest
Payments.

 

Simple
interest shall accrue and be payable semi-annually in arrears at the rate of nine percent (9%) per annum from the Issue Date,
commencing on June 30, 2007, until the date of conversion by the Holder or until the date of redemption by the Company, if any,
or the Maturity Date.

 

    	 

    	 

    

 

4. Purchase
of Debentures.

 

Subject
to the terms and conditions set forth in this Agreement, the Company agrees to sell to you and you agree to purchase from the
Company, Debentures in the principal amount set forth in Exhibit B attached hereto.

 

The
Company will deliver to you the Debentures to be purchased by you upon receipt of payment of the purchase price by certified check
or wire transfer payable to the Company. The Company may execute and deliver additional Debentures to other permitted purchasers
on the same terms as set forth herein. Such additional deliveries shall constitute separate purchases of the Debentures. The combined
total of all Debentures purchased and delivered under this Agreement shall not exceed the aggregate principal amount of Five Million
US Dollars ($5,000,000).

 

Each
Debenture, and certificate of common stock issued upon a conversion of any Debenture, shall be stamped or otherwise imprinted
with a legend in substantially the following form:

 

“The
securities represented hereby have not been registered under the Securities Act of 1933, as amended. Such securities may not be
sold or transferred in the absence of such registration or an exemption therefrom under such Act. Such securities may not be transferred
except upon the express written approval of the Company. No transfer of such securities shall be valid or effective unless and
until the conditions so specified shall have been complied with.”

 

5.
 Conversion of Debentures.

 

At
any time and from time to time after you have purchased the Debenture and prior to May 20, 2010, with 10 days prior written notice
to the Company, you shall have the right to convert part of the principal amount (in multiples of Twenty-Five Thousand Dollars
($25,000)) or the entire principal amount of the Debenture(s) plus all accrued but unpaid interest into shares of the Company’s
common stock at the conversion price of $1.00 per share. Such written notice shall be in form and substance substantially similar
to the form attached hereto as Exhibit C.

 

As
soon as practicable after receipt of the written notice and the surrender of the Debenture(s) for conversion, the Company shall
deliver to the Holder of the Debenture(s) so surrendered, certificates representing the number of fully- paid non-assessable shares
of the Company’s common stock into which such Debenture(s) are converted in accordance with the provisions herein stated.

 

No
fractional shares shall be issued upon the conversion of any Debenture. To the extent the conversion creates a fractional share;
the value of such fractional share shall be paid to the Holder in US Dollars.

 

    	 

    	 

    

     

6. 
Redemption of Debentures.

 

The
Company shall have the right to redeem, upon written notice to the Holder as provided below, part or all of the Debentures:

 

	 	1.	at
    any time prior to December 31, 2007, at a redemption price of one hundred four percent (104%) of the principal amount redeemed,
    and/or
	 	 	 
	 	2.	at
    any time between January 1, 2008 and June 30, 2009 at a redemption price of one hundred two percent (102%) of the principal
    amount redeemed, and/or
	 	 	 
	 	3.	at
    any time between July 1, 2009 and the Maturity Date of June 30, 2010 at a redemption price of one hundred percent (100%) of
    the principal amount redeemed.

 

Written
notice of the Company’s intent to redeem shall be given to each holder of a Debenture not less than forty (40) days prior
to the date of such redemption, specifying such date, the aggregate amount of all Debentures to be redeemed, and the principal
amount of the Debentures held by each holder to be redeemed.

 

In
the case of a partial redemption, the principal amount to be redeemed shall be allocated among all holders of all Debentures at
the time outstanding, in proportion, as nearly as practicable, to the respective aggregate unpaid principal amount of the Debentures,
then held by all such holders.

 

The
aggregate principal amount of the Debentures to be redeemed shall mature and become due and payable on that date fixed by the
notice of redemption together with all accrued and unpaid interest to such date. From and after such date, interest on such redeemed
amount shall cease to accrue.

 

 7.  Maturity and Principal Payment.

 

If
no conversion is made by the Holder and no redemption is made by the Company prior to the Maturity Date, then the Company shall
pay to the Holder, on or before July 5, 2010, the entire outstanding principal amount of the Debenture and all accrued and unpaid
interest due and payable thereon.

 

8. Company
Warranties and Representations. The Company warrants and represents that:

 

	 	1.	It
    is a Delaware corporation duly organized and validly existing and in good standing under the laws of the State of Maryland
    with all requisite corporate power and authority (a) to carry on its business as now conducted, (b) to enter into this Agreement,
    (c) to issue the Debentures, (d) to issue its common stock upon conversion of the Debentures, (e) to redeem its Debentures,
    and (f) to perform all of its obligations under this Agreement.
	 	 	 
	 	2.	It
    has duly authorized and reserved for issuance the required number of shares of its common stock issuable upon conversion of
    the Debentures.
	 	 	 
	 	3.	It
    has taken all board and shareholder actions required by the Company’s Bylaws to legally complete the sale of the Debentures
    and allow for the conversion or redemption thereof in accordance with the terms and conditions of this Agreement.
	 	 	 
	 	4.	All
    other representations made herein or in the documents related to the issuance of the Debentures were correct when made and
    will be correct on the Issue Date.

 

    	 

    	 

    

 

9.Holder
Warranties and Representations. As the Holder you warrant and represent that:

 

	 	1.	You
    are acquiring the Debenture(s) solely based upon your own judgment with all information you requested at your disposal.
	 	 	 
	 	2.	You
    have evaluated this information along with the related merits and risks of this investment with your own independent legal,
    financial, and tax advisors.
	 	 	 
	 	3.	You
    understand the Company’s business projections which include forward-looking statements may or may not materialize due
    to unforeseeable market conditions.
	 	 	 
	 	4.	You
    are acquiring the Debentures, and if you choose to convert, the shares of common stock issuable upon conversion of the Debentures,
    for your own account.
	 	 	 
	 	5.	You
    are acquiring the Debentures for the purpose of investment and not with a view to sale in connection with any distribution
    thereof.
	 	 	 
	 	6.	You
    will not sale, pledge, transfer or assign the Debentures without the prior written approval of the Company.
	 	 	 
	 	7.	In
    the event you convert your Debenture and become a shareholder of the Company, you agree to fully comply with the Company’s
    Bylaws and with all terms and conditions of the Company’s Stock Purchase Agreement.

 

10. Financial Information and Inspection of Records.

 

The
Company will permit you or your designated representative to visit and inspect the properties of the Company including its books
and records and financial information at such reasonable times as may be arranged, and upon request, will provide you with quarterly/annual
financial statements and a copy of the Company’s Bylaws, provided, however, that you understand and agree that all material
reviewed and inspected by you which is not otherwise made public by the Company is furnished to you solely for the purposes of
your investment and with the understanding that you will not disclose such information to any third party, except to regulatory
authorities and only after prior notification to the Company.

 

    	 

    	 

    

 

11.  Default.

 

In
the event of a default by the Company, the holder of any Debenture at the time thereof may proceed to protect and enforce its
rights at law or in equity, whether for specific performance of any obligation contained herein or in such Debenture or for an
injunction against the violation of any terms hereof or thereof. In the event the holder of any Debenture shall give any notice
to or take any action against the Company related to an alleged default, the Company shall forthwith give written notice thereof
to all other holders of the Debentures at the time outstanding describing the notice or action and the nature of the alleged default.

 

12. Notices.

 

All
notices, requests, consents and other communications made hereunder shall be in writing and shall be mailed USPS first-class registered
or certified mail, postage prepaid, or sent by a nationally-recognized overnight carrier (i.e. FedEx, DHL, UPS, etc.), to the
address listed in the books and records of the Company for any holder of a Debenture and to the Company’s principal office
address first-above written.

 

13. Governing
Law.

 

This
Agreement shall be construed by and governed in accordance with the laws of the State of Maryland without regard to any conflict
of law principles.

 

14. Amendments
and Waivers.

 

No
term or condition of this Agreement or any Debenture may be amended, waived, discharged or terminated except by written consent
of all affected parties.

 

15. Assignment.

 

This
Agreement may not be transferred or assigned without the prior written consent of all parties hereto.

 

16. Successors.

 

This
Agreement shall be binding upon and insure to the benefit of the successors and permitted assigns of the parties hereto.

 

17.
 Entire Agreement.

 

This
Agreement embodies the entire agreement and understanding between the parties relating to the subject matter hereof and supersedes
any and all prior oral or written agreements, if any.

 

    	 

    	 

    

 

18. Survivability.

 

If
any term of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, then this Agreement, including
all of the remaining terms, shall remain in full force and effect as if such invalid or unenforceable term had never been included.

 

19. Counterparts.

 

This
Agreement may be executed in counterparts each of which shall be deemed an original but both of which when taken together shall
constitute one and the same instrument.

 

[Signature
Page Follows]

 

    	 

    	 

    

 

IN
WITNESS HEREOF, the parties hereto hereby agree to the terms and conditions set forth in this Agreement by placing their respective
signatures below.

 

	TELETRONICS INTERNATIONAL,
    INC.	 
	 	 	 
	By:		 
	 	Dickson
    Fang, President and CEO	 
	 	 	 
	By:		 
	 	Simon
    Pereira, Secretary and Controller	 
	 	 	 
	Holder:	 
	 	 
	 	 	 
	Printed Name:	 
	 	 
	 	 	 
	Witness to Holder:	 
	 	 
	 	 	 
	Printed Name:	 
	 	 

 

    	 

    	 

    

 

EXHIBIT
A

Form
of Debenture

 

 

9%
CONVERTIBLE SENIOR DEBENTURE DUE JUNE 30, 2010

 

	$	 	 	, 2007
	(Face Amount of Debenture)	 	(Date of Purchase)	

 

For
value received, the undersigned, Teletronics International, Inc. a Delaware corporation, with its principle place of business
located at 2 Choke Cherry Road, Rockville, Maryland 20850 USA (hereinafter the “Company”) hereby promises to
pay to              , or registered assigns (hereinafter
the “Holder” or “you”), the principal sum of                                Thousand
US Dollars ($                       )
on June 30, 2010 (the “Maturity Date”), with all accrued and unpaid simple interest on the balance hereof at
the rate of nine percent (9%) per annum from the date hereof, payable semi-annually commencing on June 30, 2007, until the date
of conversion by the Holder or until the date of redemption by the Company, if any, or the Maturity Date.

 

This
Debenture is being issued pursuant to and in accordance with the terms and conditions set forth in that certain Debenture Agreement
executed simultaneously herewith between you and the Company (the “Debenture Agreement”).

 

This
Debenture is one of a number of debentures issued or being issued by the Company in an aggregate principal amount not to exceed
Five Million US Dollars ($5,000,000) with the same terms as this Debenture except for variations in amounts and issue dates.

 

At
any time and from time to time prior to May 20, 2010, with 10 days prior written notice to the Company, you shall have the right
to convert part of the principal amount (in multiples of Twenty-Five Thousand Dollars ($25,000)) or the entire principal amount
of this Debenture into shares of the Company’s common stock at the pre-determined conversion price of $1.00 per share all
in accordance with the terms and conditions set forth in the Debenture Agreement.

 

The
Company shall have the right to redeem, upon written notice to the Holder as provided below, part of (or this entire) Debenture:

 

	 	1.	at
    any time prior to December 31, 2007, at a redemption price of one hundred four percent (104%) of the principal amount redeemed,
    and/or
	 	 	 
	 	2.	at any time between
    January 1, 2008 and June 30, 2009 at a redemption price of one hundred two percent (102%) of the principal amount redeemed,
    and/or
	 	 	 
	 	3.	at any time between
    July 1, 2009 and the Maturity Date of June 30, 2010 at a redemption price of one hundred percent (100%) of the principal amount
    redeemed.

 

    	 

    	 

    

 

Written
notice of the Company’s intent to redeem shall be given to the Holder and the holders of all other outstanding debentures
not less than forty (40) days prior to the date of such redemption, specifying such date, the aggregate amount of all debentures
to be redeemed, and the principal amount of the debentures held by each holder to be redeemed.

 

In
the case of a partial redemption, the principal amount to be redeemed shall be allocated among all holders of all debentures at
the time outstanding, in proportion, as nearly as practicable, to the respective aggregate unpaid principal amount of the debentures,
then held by all holders.

 

The
aggregate principal amount of the debentures to be redeemed shall mature and become due and payable on that date fixed by the
Company’s notice of redemption together with all interest accrued and unpaid to such date. From and after such date, interest
on such redeemed amount shall cease to accrue.

 

This
Debenture and all interest and principal payments due hereunder are subordinated to all secured debt of the Company from time
to time outstanding.

 

In
the case of a default under this Debenture, the Holder shall have all the rights as set forth in the Debenture Agreement.

 

All
payments made hereunder to the Holder shall be made to the Holder’s address of record with the Company and shall be made
in US Dollars.

 

TELETRONICS
INTERNATIONAL, INC.

 

	By:
    	 	 
	 	Dickson Fang,
    President and CEO	 
	 	 	 
	By: 	 	 
	 	Simon Pereira,
    Secretary and Controller	 

 

    	 

    	 

    

 

EXHIBIT
B

 

Purchase
of Debenture (s)

 

	Name of Purchaser: 	 	 
	 	 	 
	Principal Amount of Debentures Purchased:
    	 	 
	 	 	 
	Purchase Date: 	 	 

 

Interest
Payment Dates:

 

	 	● 	June
    30, 2007
	 	●	December
    31, 2007
	 	●	June
    30, 2008
	 	●	December
    31, 2008
	 	●	June
    30, 2009
	 	●	December
    31, 2009
	 	●	June
    30, 2010 (Maturity Date)

 

    	 

    	 

    

 

EXHIBIT
C

 

Form
of Conversion Notice

 

 

 

9%
CONVERTIBLE SENIOR DEBENTURES DUE JUNE 30, 2010

 

Notice
of Conversion

 

The
undersigned, being the registered Holder of that certain Debenture dated                                        ,
in the principal amount of $                
, hereby exercises the right to convert [the full principal amount] [$                         (must
be in multiples of $25,000)] of the Debenture into                                                  shares
of Teletronics’ common stock at the pre-determined conversion rate of $1.00 per share all in accordance with the terms and
conditions of the Debenture Agreement. Any remaining fractional share shall be paid in US Dollars. Simultaneously with delivery
of the shares of common stock, the undersigned agrees to execute Teletronics’ standard Stock Purchase Agreement.

 

	Holder:
    	 	 
	 	 	 
	Printed
    Name: 	 	 
	 	 	 
	Address:
    	 	 
	 	 	 
	Date:

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