Document:

Exhibit 10.1

 

FIRST AMENDMENT TO

 

SUBSCRIPTION AGREEMENT

 

This FIRST AMENDMENT, dated
as of 8th day of April, 2022 (this “Amendment”), by and between Hycroft Mining Holding Corporation, a Delaware corporation
(the “Company”), and American Multi-Cinema, Inc., a Missouri corporation (the “Holder”), amends
that certain Subscription Agreement entered into as of March 14, 2022, by and between the Company and the Holder (the “Subscription
Agreement”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Subscription Agreement.

 

RECITALS

 

WHEREAS, pursuant to Section
6.4 of the Subscription Agreement, the Subscription Agreement may be modified by an instrument in writing, signed by the party against
whom enforcement of such modification, waiver, or termination is sought;

 

WHEREAS, pursuant to Rule
5640 – Voting Rights Policy of the Nasdaq Stock Market Listing Requirements (“Rule 5640”), the Nasdaq Stock Market
requires that Section 4.5 of the Subscription Agreement be amended to limit the Holder’s right to appoint a Board Designee in the
event that the Holder’s ownership of voting securities of the Company is less than 5% of the voting power of the Company; and

 

WHEREAS, the parties are willing
to modify Section 4.5 of the Subscription Agreement to incorporate the limitation of Rule 5640.

 

NOW, THEREFORE, BE IT RESOLVED,
in consideration of the premises and the mutual promises contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending legally to be bound, hereby agree as follows:

 

1.            
Amendment.      Section 4.5 of the Subscription Agreement is deleted in its entirety and replaced with the
following:

 

4.5 For so long
as Subscriber continues to beneficially own and retain the voting power of at least 50% of the Shares purchased pursuant to this Agreement,
the Company, the Nominating and Corporate Governance Committee of the Company’s board of directors (the “Board”)
and the Board will take all actions to appoint a representative of the Subscriber, including any substitutions or replacements (the “Board
Designee”) to the Company’s Board within 30 days of the date hereof and in connection with any annual meeting of the stockholders
of the Company or any special meeting of the stockholders of the Company at which directors are to be elected, the Nominating and Corporate
Governance Committee of the Board shall recommend the nomination of, and the Board shall nominate for reelection, recommend that the Company’s
stockholders vote in favor of election to the Board of, and solicit proxies in favor of the election of, and the Company and the Board
shall otherwise take all actions as are reasonable necessary or desirable to reelect, the Board Designee. Notwithstanding the foregoing
and for the avoidance of doubt, if AMC’s ownership of the Company’s voting securities is less than 5%, then the Company’s
obligation under this Section 4.5 to appoint the Board Designee shall terminate.

 

     

     

    

 

2.            
Miscellaneous.

 

(a)              
Full Force and Effect. Except as expressly set forth herein, this Amendment does not constitute a waiver or modification
of any provision of the Subscription Agreement. Except as expressly amended hereby, the Subscription Agreement shall continue in full
force and effect in accordance with the provisions thereof on the date hereof. As used in the Subscription Agreement, the terms “the
Agreement,” “herein,” “hereof,” “hereinafter,” “hereto” and words of similar import,
shall, unless the context otherwise requires, mean the Subscription Agreement as amended by this Amendment. References to the terms “Agreement”
appearing in the Exhibits or Schedules to the Subscription Agreement, shall, unless the context otherwise requires, mean the Subscription
Agreement as amended by this Amendment.

 

(b)              
Headings and Terms. The headings in this Amendment are for purposes of reference only and shall not be considered in construing
this Amendment. Terms defined in the singular shall have a comparable meaning when used in the plural, and vice versa.

 

(c)              
Counterparts. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered
shall constitute an original and all together shall constitute one agreement. Counterparts may be delivered via facsimile, electronic
mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or
other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective
for all purposes.

 

(d)              
Law Governing. This Amendment shall be construed and enforced in accordance with and shall be governed by the laws and in
the manner of the Subscription Agreement.

 

 

[SIGNATURE PAGE FOLLOWS]

 

     

     

    

 

IN WITNESS WHEREOF, the
parties have executed this Amendment on the date first written above.

 

	 	COMPANY:
	 	 
	 	HYCROFT MINING HOLDING CORPORATION
	 	 
	 	By:	/s/
    Diane R. Garrett, Ph.D.
	 	Name:	Diane R. Garrett, Ph.D.
	 	Title: 	President and Chief Executive Officer
	 	 
	 	HOLDER:
	 	 
	 	AMERICAN MULTI-CINEMA, INC.
	 	 
	 	By:	/s/ Kevin Connor
	 	Name: 	Kevin Connor
	 	Title: 	Senior Vice President, General Counsel and SecretaryExhibit 10.2 

 

FIRST AMENDMENT TO

 

WARRANT AGREEMENT

 

This FIRST AMENDMENT, dated
as of April 8, 2022 (this “Amendment”), by and between Hycroft Mining Holding Corporation, a Delaware corporation (the
“Company”), and American Multi-Cinema, Inc., a Missouri corporation (the “Holder”), amends that
certain Warrant Agreement entered into as of March 14, 2022, by and between the Company and the Holder (the “Agreement”).
Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Agreement.

 

RECITALS

 

WHEREAS, pursuant to Subsection
9.8 of the Agreement, the Agreement may be amended upon the written consent of the Company and the Holder;

 

WHEREAS, the parties desire
to replace and remove the Company as warrant agent under the Agreement and substitute and appoint Continental Stock Transfer & Trust
Company, a New York corporation, to act as warrant agent under the Agreement on behalf of the Company (the “Warrant Agent”);
and

 

WHEREAS, the Warrant Agent
is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants pursuant
to and in accordance with the Agreement.

 

NOW, THEREFORE, BE IT RESOLVED,
in consideration of the premises and the mutual promises contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending legally to be bound, hereby agree as follows:

 

1.            
Amendment and Restatement.     The following sections and subsections of the Agreement are amended and restated to
replace the Company as warrant agent under the Agreement with the Warrant Agent: Subsection 2.3.1, Subsection 2.3.2, Subsection
3.3.1, Subsection 3.3.4, Subsection 3.3.5, Section 4.4, Section 4.5, Section 5.1, Section 5.2,
Section 5.3, Section 7.2, Section 8.1, Section 9.1, Section 9.2, and Section 9.5, so that the
Warrant Agent may perform the duties and assume the responsibilities of the warrant agent under the Agreement in all respects. For the
avoidance of doubt, the address for notices pursuant to Section 9.2 shall be deleted and replaced with the following:

 

Continental Stock Transfer & Trust
Company

1 State Street, 30th Floor

New York, NY 10004

Attention: Compliance Department

 

2.             
Appointment of Warrant Agent.The Company hereby appoints the Warrant Agent to act as agent for the Company for
the Warrants, and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions
set forth in the Agreement.

 

     

     

    

 

3.             
Miscellaneous.

 

(a)                Full
Force and Effect. Except as expressly set forth herein, this Amendment does not constitute a waiver or modification of any provision
of the Agreement. Except as expressly amended hereby, the Agreement shall continue in full force and effect in accordance with the provisions
thereof on the date hereof. As used in the Agreement, the terms “the Agreement,” “herein,” “hereof,”
“hereinafter,” “hereto” and words of similar import, shall, unless the context otherwise requires, mean the Agreement
as amended by this Amendment. References to the terms “Agreement” appearing in the Exhibits or Schedules to the Agreement,
shall, unless the context otherwise requires, mean the Agreement as amended by this Amendment.

 

(b)              
Headings and Terms. The headings in this Amendment are for purposes of reference only and shall not be considered in construing
this Amendment. Terms defined in the singular shall have a comparable meaning when used in the plural, and vice versa.

 

(c)               
Counterparts. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered
shall constitute an original and all together shall constitute one agreement. Counterparts may be delivered via facsimile, electronic
mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or
other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective
for all purposes.

 

(d)               
Law Governing. This Amendment shall be construed and enforced in accordance with and shall be governed by the laws and in
the manner of the Agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

     

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Amendment on the date first written above.

 

	 	COMPANY:
	 	 
	 	HYCROFT MINING HOLDING CORPORATION
	 	 
	 	By:	/s/
    Diane Garrett
	 	Name:	Diane Garrett
	 	Title:	President and Chief Executive Officer
	 	 
	 	HOLDER:
	 	 
	 	AMERICAN MULTI-CINEMA, INC.
	 	 
	 	By:	/s/ Kevin
    Connor
	 	Name:	Kevin Connor
	 	Title:	Senior Vice President, General Counsel and Secretary
	 	 
	 	WARRANT AGENT:
	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST
    COMPANY
	 	 
	 	By:	/s/ Margaret B.
    Lloyd
	 	Name:	Margaret B. Lloyd
	 	Title:	Vice President

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