Document:

Second Amended and
Restated
Employment Agreement 

        This
Second Amended and Restated Employment Agreement (this “Agreement”) is made this
31st day of December, 2008, between Coeur d’Alene Mines Corporation
(“Company”) and Dennis E. Wheeler (“Wheeler”). 

WITNESSETH: 

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

     1.    
          Employment. The Company has heretofore, and hereby does, employ Wheeler
          as Chairman, President and Chief Executive Officer of Company, and Wheeler
          accepts such employment, on the terms and conditions of this Agreement. 

     2.    
          Term Of Employment. The term of Wheeler’s employment under this
          Agreement commenced on June 1, 2002 and shall continue, unless terminated
          pursuant to Sections 8 or 9, until the 31st day of December, 2010 (the
          “Term”). The Term shall automatically terminate upon any termination
          of Wheeler’s employment pursuant to Sections 8 or 9 (such date the
          “Date of Termination”). 

     3.    
          Compensation and Benefits. During the Term, Wheeler shall be entitled to
          the following: 

        (a)                 Effective
January 1, 2008, a base salary of $587,633 annually (the “Base           Salary”),
payable in accordance with the Company’s standard payroll           practices as in
effect from time to time, subject to review during the Term by           the Compensation
Committee (the “Committee”) of the Board of Directors           of the Company
(the “Board”), and any higher salary to become the Base           Salary for
the purposes of this provision;  

        (b)                 Participation
in the Company’s Annual Incentive Plan (or any successor           thereto), with a
target bonus opportunity determined each year during the Term           by the Committee;  

        (c)                 Participation
in such other compensation and benefits that may be made available           by the
Company in the discretion of the Board or the Committee, presently           consisting
of the Company’s 2003 Long-Term Incentive Plan (or any successor           thereto)
and the Company’s Defined Contribution and 401(k) Retirement Plan           (or any
successor thereto), it being understood that Wheeler shall be a           participant in
all compensation and benefit programs, including welfare benefit           plans, which
exist for the executive staff of the Company; and  

        (d)                 In
addition to Wheeler’s participation in any retirement plan provided to           the
Company’s executive staff, Company shall provide Wheeler with a
          supplemental retirement plan designed to afford reimbursement for tax-qualified
          retirement benefits lost due to ERISA limitations.  

        (e)                 Reimbursement
each year from the Company for an annual physical performed by Dr.           Howard Maron
of Seattle, Washington or such other physician as Wheeler may           choose in his
sole discretion, such reimbursements to be paid no later than           December 31 of
the year following the year in which the expense is incurred.  

     4.    
          Duties. During the Term Wheeler shall be employed as the Chief Executive
          Officer of the Company. Wheeler’s powers, duties, rights and
          responsibilities shall be those described in the by-laws of the Company for the
          President and Chief Executive Officer and/or as determined by the Board. During
          the Term, at the Board’s request, Wheeler shall also serve the Company
          and/or its subsidiaries in other offices and capacities in addition to the
          foregoing, without payment of any additional remuneration. 

        Wheeler’s
services shall be rendered, primarily, in the Company’s offices in Coeur
d’Alene, and he shall not be required, without his consent, to move his residence, or
to move the executive offices, outside of the City of Coeur d’ Alene. 

        Wheeler
shall devote his best efforts and substantially all of his time during normal business
hours to advance the interests of the Company. He shall not engage in business activity in
competition with the Company. He may, however, with prior consent of the Board, serve on
the board of directors of other companies which are not in competition with the Company. 

     5.    
          Expenses. Wheeler shall be entitled, at the end of each month during the
          Term, to reimbursement for his entertainment, travel, food, lodging, telephone
          and miscellaneous expenses incurred in connection with the performance of his
          duties, in each case, in accordance with and subject to the Company’s
          expense reimbursement policy as in effect from time to time. 

     6.    
          Vacations. Wheeler shall be entitled to four weeks of vacation during
          each calendar year of the Term, during which the compensation provided for
          herein shall be paid in full in accordance with the Company’s vacation
          policy as applicable to the Company’s executive staff. The vacation time
          shall be scheduled at the mutual convenience of the Company and Wheeler. 

     7.    
          Disability. In the event Wheeler is unable to perform his services by
          reason of disability for a period of more than 90 continuous days, the salary,
          bonuses and incentive compensation which would otherwise be paid to him during
          the continued period or incapacity will be reduced by 50%. Upon return to full
          service such compensation will be restored. For the purpose of this Agreement,
          “disability” means the inability or incapacity due to physical or
          mental illness or injury to perform Wheeler’s duties. 

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     8.    
          Employment Terminations. The Term and Wheeler’s employment hereunder
          may be terminated by either party at any time and for any or no reason; provided
          that, except as set forth in this Section 8, each party will be required to give
          the other at least six months advance written notice of any termination of
          employment. Notwithstanding the foregoing, the Company may, in its sole
          discretion, waive the six-month notice period accelerate Wheeler’s Date of
          Termination; however, Wheeler shall be entitled to receive all elements of
          compensation described in Section 3 for the full six-month notice period,
          subject to the eligibility and participation requirements of any qualified
          retirement plan, but in no event shall such acceleration be deemed a termination
          without Cause. Notwithstanding any other provision of this Agreement, the
          provisions of this Section 8 shall exclusively govern Wheeler’s rights upon
          termination of employment with the Company. 

        (a)       Retirement
. The Term and Wheeler’s employment hereunder shall           terminate
automatically upon Wheeler’s termination of employment due to           Retirement.
For the purposes of this Agreement, “Retirement” means any
          termination of Wheeler’s employment other than for Cause, by reason of
          death or Disability, or a termination by the Company without Cause or by
          Wheeler’s resignation for Good Reason. In the event Wheeler’s
          employment is terminated by reason of Retirement, the Company’s
obligations           under this Agreement shall immediately expire. Notwithstanding the
foregoing,           the Company shall be obligated to pay to Wheeler the following:  

	 	(i) 	Base
Salary through the Date of Termination;  

	 	(ii) 	Notwithstanding
anything in any bonus plan document to the contrary, an amount                equal to
65% of Wheeler’s Base Salary for the fiscal year in which the Date                of
Termination occurs multiplied by a fraction, the numerator of which is the
               number of completed days in the then-existing fiscal year through the Date
of                Termination, and the denominator of which is three hundred sixty-five,
payable                in lump sum within 60 days following the Date of Termination;  

	 	(iii) 	Accrued
but unused vacation pay through the Date of Termination; and  

	 	(iv) 	All
other rights and benefits Wheeler is vested in, pursuant to other plans and
               programs of the Company (including, but not limited to, the Company’s
2003                Long-Term Incentive Plan and/or any successor thereto).  

        (b)       Death.
The Term and Wheeler’s employment hereunder shall terminate           automatically
upon Wheeler’s death during the Term. In the event           Wheeler’s
employment is terminated by reason of Wheeler’s death, the           Company’s
obligations under this Agreement shall immediately expire.           Notwithstanding the
foregoing, the Company shall be obligated to pay to           Wheeler’s estate (or
other designated beneficiary) the following:  

	 	(i) 	Base
Salary through the Date of Termination;  

	 	(ii) 	Notwithstanding
anything in any bonus plan document to the contrary, an amount                equal to
the target annual bonus Wheeler would otherwise have been entitled to                with
respect to the fiscal year in which the Date of Termination occurs
               multiplied by a fraction, the numerator of which is the number of
completed days                in the then-existing fiscal year through the Date of
Termination, and the                denominator of which is three hundred sixty-five,
payable in lump sum within 60                days following the Date of Termination;  

3 

	 	(iii) 	Accrued
but unused vacation pay through the Date of Termination;  

	 	(iv) 	All
other rights and benefits Wheeler is vested in, pursuant to other plans and
               programs of the Company (including, but not limited to, the Company’s
2003                Long-Term Incentive Plan and/or any successor thereto).  

        (c)       Disability.
The Term and Wheeler’s employment hereunder may be           terminated by the
Company if Wheeler becomes physically or mentally           incapacitated and is
therefore unable to perform Wheeler’s duties for a           period of one hundred
eighty total calendar days during any period of twelve           consecutive months (or
in the event of the Board’s reasonable expectation           that Wheeler’s
Disability will exist for more than a period of one hundred           eighty calendar
days) (such incapacity is hereinafter referred to as           “Disability”).  

        Such
Disability to be determined by the Board upon receipt of and in reliance on competent
medical advice from one or more individuals, selected by the Board, who are qualified to
give such professional medical advice. 

        If
Wheeler and the Company shall not be in agreement as to whether Wheeler has suffered a
Disability for the purpose of this Agreement, the matter shall be referred to a panel of
three (3) medical doctors, one of which shall be selected by Wheeler, one of which shall
be selected by the Company, and one of which shall be selected by the two doctors as so
selected, and the decision of a majority of the panel with respect to the question of
whether Wheeler has suffered a Disability shall be binding upon Wheeler and the Company.
The expenses of any such referral shall be borne by the Company. Wheeler will cooperate
with reasonable requests for submission to medical examinations made by the Board pursuant
to this Section 8(c). 

        It
is expressly understood that the Disability of Wheeler for a period of one hundred eighty
calendar days or less in the aggregate during any period of twelve consecutive months, in
the absence of any reasonable expectation that his Disability will exist for more than
such a period of time, shall not constitute a failure by him to perform his duties
hereunder and shall not be deemed a breach or default and Wheeler shall receive full
compensation for any such period of Disability or for any other temporary illness or
incapacity during the term of this Agreement. 

        A
termination for Disability shall become effective upon the end of a thirty-day notice
period; provided, however, that Wheeler may not be terminated prior to a final
determination made by the panel described above, if such panel is necessary. In the event
Wheeler’s employment is terminated by reason of his Disability, the Company’s
obligations under this Agreement shall immediately expire. Notwithstanding the foregoing,
the Company shall be obligated to pay to Wheeler (or Wheeler’s personal
representative) the following: 

	 	(i) 	Base
Salary through the Date of Termination;  

	 	(ii) 	Accrued
but unused vacation pay through the Date of Termination;  

4 

	 	(iii) 	Provided
that Wheeler executes a release of claims against the Company in a form
               reasonably satisfactory to the Company and such release becomes effective
within                60 days following the Date of Termination, notwithstanding anything
in any bonus                plan document to the contrary, an amount equal to the target
annual bonus                Wheeler would otherwise have been entitled to with respect to
the fiscal year in                which the Date of Termination occurs multiplied by a
fraction, the numerator of                which is the number of completed days in the
then-existing fiscal year through                the Date of Termination, and the
denominator of which is three hundred                sixty-five, payable in lump sum
within 30 days following the Date of                Termination; and  

	 	(iv) 	All
other rights and benefits Wheeler is vested in, pursuant to other plans and
               programs of the Company (including, but not limited to, the Company’s
2003                Long-Term Incentive Plan and/or any successor thereto).  

        (d)       By
the Company For Cause. The Term and Wheeler’s employment           hereunder may
be terminated by the Company at any time for Cause (as defined           below). In the
event Wheeler’s employment terminates pursuant to this           Section 8(d), the
Company’s obligations under this Agreement shall           immediately expire.
Notwithstanding the foregoing, the Company shall be           obligated to pay to Wheeler
the following:  

	 	(i) 	Base
Salary through the Date of Termination, payable within sixty days from the
               Date of Termination;  

	 	(ii) 	Accrued
but unused vacation pay through the Date of Termination, payable within
               sixty days from the Date of Termination; and  

	 	(iii) 	All
other rights and benefits Wheeler is vested in, pursuant to other plans and
               programs of the Company (including, but not limited to, the Company’s
2003                Long-Term Incentive Plan and/or any successor thereto).  

        For
purposes of this Agreement, “Cause” is defined as follows: 

	 	(i) 	Willful
and continued failure of Wheeler to substantially perform his duties                with
the company (other than any such failure resulting from Disability or
               occurring after issuance by Wheeler of a Notice of Termination for Good
Reason),                after a written demand for substantial performance is delivered
to Wheeler that                specifically identifies the manner in which the Company
believes that Wheeler                has willfully failed to substantially perform his
duties, and after Wheeler has                failed to resume substantial performance of
his duties on a continuous basis                within thirty (30) calendar days of
receiving such demand;  

	 	(ii) 	Conviction
of a felony involving a crime of moral turpitude; or  

	 	(iii) 	Willfully
engaging in illegal conduct or gross misconduct which is materially                and
demonstrably injurious to the Company.  

5 

        For
purposes of determining Cause, no act or omission by Wheeler shall be considered
“willful” unless it is done or omitted in bad faith or without reasonable belief
that Wheeler’s action or omission was in the best interests of the Company. Any act
or failure to act based upon: (1) authority given pursuant to a resolution duly adopted by
the Board; or (2) advice of counsel for the Company, shall be conclusively presumed to be
done or omitted to be done by Wheeler in good faith and in the best interests of the
Company. 

        In
addition, Wheeler shall not be deemed to be terminated for Cause unless and until there
shall have been delivered to Wheeler a copy of a resolution duly adopted by the
affirmative vote of not less than three-quarters (3/4) of the entire membership of the
Board at a meeting called and held for such purpose (after reasonable notice is provided
to Wheeler and Wheeler is given an opportunity, together with counsel, to be heard before
the Board), finding that in the good faith opinion of the Board, Wheeler is guilty of the
conduct defined as Cause below. 

        (e)       By
the Company Without Cause or Resignation of Wheeler with Good Reason.           The
Employment Term and Wheeler’s employment hereunder may be terminated by
          the Company without Cause or by Wheeler’s resignation for Good Reason. In
          the event Wheeler’s employment is terminated by the Company without Cause
          (other than by reason of death or Disability) or by Wheeler’s resignation
          for Good Reason, the Company’s obligations under this Agreement shall
          immediately expire. Notwithstanding the foregoing, unless such termination of
          employment occurs within two years following a Change in Control (as defined
          below), the Company shall be obligated to pay to Wheeler the following:  

	 	(i) 	Base
Salary through the Date of Termination;  

	 	(ii) 	Accrued
but unused vacation pay through the Date of Termination;  

	 	(iii) 	All
other rights and benefits Wheeler is vested in, pursuant to other plans and
               programs of the Company (including, but not limited to, the Company’s
2003                Long-Term Incentive Plan and/or any successor thereto); and  

	 	(iv) 	Provided
that Wheeler executes a release of claims against the Company in a form
               reasonably satisfactory to the Company and such release becomes effective
within                60 days following the Date of Termination:  

	 	(1) 	Notwithstanding
anything in any bonus plan document to the contrary, an amount                equal to
the 65% of Wheeler’s Base Salary for the fiscal year in which the
               Date of Termination occurs multiplied by a fraction, the numerator of
which is                the number of completed days in the then-existing fiscal year
through the Date                of Termination, and the denominator of which is three
hundred sixty-five,                payable in lump sum within 60 days following the Date
of Termination;  

	 	(2) 	An
amount equal to three times Wheeler’s Base Salary and target annual
               bonus established for the fiscal year in which the Date of Termination
occurs,                payable in lump sum within 60 days following the Date of
Termination;  

6 

	 	(3) 	Continuation
of the health care benefits for Wheeler and his dependents until                the
earlier of (1) the date Wheeler becomes eligible for comparable
               coverage (at a comparable cost) or (2) the third anniversary of the Date
of                Termination, which benefits shall be provided at the same coverage
level as in                effect as of the Date of Termination, and at the same premium
cost to                Wheeler’s that was paid by Wheeler at the time such benefits
were provided                (subject to the terms and conditions of such benefit plans
as in effect from                time to time);  

	 	(4) 	Reimbursement
for outplacement counseling services from an outplacement firm of                national
reputation engaged by Wheeler to assist Wheeler in obtaining new
               employment, provided that the amount required to be reimbursed for such
services                by the Company shall not exceed 15% of Wheeler’s Base Salary
established                for the fiscal year in which the Date of Termination occurs.  

        For
purposes of this Agreement, “Good Reason” shall mean, Wheeler’s resignation
from employment within sixty days after the occurrence of one of the following events
without Wheeler’s express written consent, provided, however, that Wheeler must
provide written notice to the Company within thirty days after the occurrence of the event
allegedly constituting Good Reason, and the Company shall have thirty days after such
notice is given to cure: 

	 	(i) 	Assigning
to Wheeler duties materially inconsistent with his position (including
               status, titles, and reporting relationships), authority or
responsibilities, or                any other action by the Company which results in a
material diminution of                Wheeler’s position, authority, duties, or
responsibilities;  

	 	(ii) 	Requiring
Wheeler to be based at a location that requires Wheeler to travel an
               additional fifty miles total per day;  

	 	(iii) 	Prior
to the date that Wheeler transitions to the position of Executive
               Chairman, materially reducing Wheeler’s Base Salary other than as
provided                for in Section 3(a);  

	 	(iv) 	Prior
to the date that Wheeler transitions to the position of Executive
               Chairman, materially reducing Wheeler’s targeted annual bonus award
               opportunity or incentive award opportunities as set forth in Section 3
herein,                as such opportunities exist as of the Effective Date of this
Agreement;  

	 	(v) 	Purportedly
terminating Wheeler’s employment otherwise than as expressly
               permitted by this Agreement; or  

7 

	 	(vi) 	Failing
to require any Successor Company, as defined in Section 14, to                assume
and agree to perform the Company’s obligations hereunder.  

     9.    
          Change in Control. 

        (a)       Employment
Termination Within Twenty-Four Calendar Months Following a Change           in Control.
The Term and Wheeler’s employment hereunder may be           terminated by the
Company without Cause (including, for this purpose, by reason           of death or
Disability) or by Wheeler’s resignation for Good Reason, in           either case,
within two years following the consummation of a Change in Control.           In the
event Wheeler’s employment is terminated pursuant to this Section           9(a),
the Company’s obligations under this Agreement shall immediately           expire.
Notwithstanding the foregoing, if such termination of employment occurs           within
two years following a Change in Control (as defined below), the Company           shall
be obligated to pay to Wheeler the following:  

	 	(i) 	Base
Salary through the Date of Termination;  

	 	(ii) 	Accrued
but unused vacation pay through the Date of Termination;  

	 	(iii) 	All
other rights and benefits Wheeler is vested in, pursuant to other plans and
               programs of the Company (including, but not limited to, the Company’s
2003                Long-Term Incentive Plan and/or any successor thereto); and  

	 	(iv) 	Provided
that Wheeler executes a release of claims against the Company in a form
               reasonably satisfactory to the Company and such release becomes effective
within                60 days following the Date of Termination:  

	 	(1) 	Notwithstanding
anything in any bonus plan document to the contrary, an amount                equal to
the target annual bonus Wheeler would otherwise have been entitled to                with
respect to the fiscal year in which the Date of Termination occurs
               multiplied by a fraction, the numerator of which is the number of
completed days                in the then-existing fiscal year through the Date of
Termination, and the                denominator of which is three hundred sixty-five,
payable in lump sum within 60                days following the Date of Termination;  

	 	(2) 	An
amount equal to three times the sum of (A) Wheeler’s Base Salary
               (B) target annual bonus and (C) long term incentive award, in
each                case, established for the fiscal year in which the Date of
Termination occurs,                payable in lump sum within 60 days following the Date
of Termination;  

	 	(3) 	Continuation
of the health care benefits for Wheeler and his dependents until                the
earlier of (1) the date Wheeler becomes eligible for comparable
               coverage (at a comparable cost) or (2) the third anniversary of the Date
of                Termination, which benefits shall be provided at the same coverage
level as in                effect as of the Date of Termination, and at the same premium
cost to                Wheeler’s that was paid by Wheeler at the time such benefits
were provided                (subject to the terms and conditions of such benefit plans
as in effect from                time to time);  

8 

	 	(4) 	All
outstanding stock options, stock appreciation rights, restricted stock,
               performance plan awards and performance awards granted by the Company
under the                Company’s 2003 Long-Term Incentive Plan shall become
immediately                exercisable in full and otherwise vest 100% in accordance with
and subject to                the provisions of such Long-Term Incentive Plan;  

	 	(5) 	A
lump-sum cash payment, payable within 60 days following the Date of
               Termination, of the actuarial present value equivalent of the aggregate
benefits                accrued by Wheeler as of the Date of Termination under the terms
of any and all                supplemental retirement plans in which Wheeler
participates. For this purpose,                such benefits shall be calculated under
the assumption that Wheeler’s                employment continued following the Date
of Termination for three (3) full years                (i.e., three (3) additional
years of age and service credits shall be                added); provided, however, that
for purposes of determining “final average                pay” under such
programs, Wheeler’s actual pay history as of the                effective date of
termination shall be used; and  

	 	(6) 	To
the extent permitted by law, the Company shall pay all legal fees, costs of
               litigation, prejudgment interest, and other expenses incurred in good
faith by                Wheeler as a result of the Company’s refusal to provide the
severance                benefits to which Wheeler becomes entitled under this Agreement,
or as a result                of the Company’s contesting the validity,
enforceability, or interpretation                of this Agreement, or as a result of any
conflict (including conflicts related                to the calculation of parachute
payments) between the parties pertaining to this                Agreement; provided,
however, that the Company shall be reimbursed by Wheeler                for all such fees
and expenses in the event Wheeler fails to prevail with                respect to any one
(1) material issue of dispute in connection with such legal                action.
Wheeler shall not be liable for the Company’s fees or costs related
               to any such litigation.  

        Wheeler
shall not be entitled to receive severance benefits pursuant to this Section 9(a) if he is
terminated for Cause, or if his employment with the Company ends due to death, Disability,
or Retirement. The severance benefits payable pursuant to this Section 9(a) shall be paid
in lieu of, and not in addition to, all other severance benefits provided to Wheeler under
the terms of this Agreement. 

9 

        (b)       Change
in Control Defined. For purposes of this Agreement, a “Change           in
Control” shall be deemed to have occurred as of the first day that any           one
or more of the following conditions is satisfied:  

	 	(i) 	Any
Person, but excluding the Company and any subsidiary of the Company and any
               employee benefit plan sponsored or maintained by the Company or any
subsidiary                of the Company (including any trustee of such plan acting as
trustee), directly                or indirectly, becomes the Beneficial Owner of
securities of the Company                representing fifty percent (50%) or more of the
combined voting power of the                Company’s then outstanding securities
with respect to the election of                Directors of the Company; provided,
however, that in the event any class of                securities of the Company shall be
publicly held or the Company shall be                required to file periodic or annual
reports with the Securities Exchange                commission under the Securities
Exchange Act, then the percentage referred to in                the preceding clause
shall be reduced from fifty percent (50%) to twenty percent                (20%); or  

	 	(ii) 	During
any twenty-four consecutive month period, the individuals who, at the
               beginning of such period, constitute the Board (the “Incumbent
               Directors”) cease for any reason other than death to constitute at
least a                majority thereof; provided, however, that a Director who was not a
Director at                the beginning of such twenty-four month period shall be deemed
to have satisfied                such twenty-four month requirement (and be an Incumbent
Director) if such                Director was elected by, or on the recommendation of or
with the approval of, at                least two-thirds (2/3) of the Directors who then
qualified as Incumbent                Directors either actually (because they were
Directors at the beginning of such                period) or by prior operation of the
provisions of this Section 9(b)(ii); or  

	 	(iii) 	There
is consummated: (1) a plan of complete liquidation of the Company; or (2)
               a sale or disposition of assets that generated fifty percent (50%) or more
of                the Company’s total net sales (as set forth in the audited
financial                statements for the most recently ended fiscal year) in one or a
series of                related transactions over the immediately preceding twenty-four
month period; or                (3) a merger, consolidation, or reorganization of the
Company with or involving                any other corporation, other than a merger,
consolidation, or reorganization                that would result in the voting
securities of the Company outstanding                immediately prior thereto continuing
to represent (either by remaining                outstanding or by being converted into
voting securities of the surviving                entity) more than sixty-five percent
(65%) of the combined voting power of the                voting securities of the Company
(or such surviving entity) outstanding                immediately after such merger,
consolidation, or reorganization.  

10 

        However,
in no event shall a Change in Control be deemed to have occurred, with respect to Wheeler,
if Wheeler is part of a purchasing group, which consummates the Change in Control
transaction, Wheeler shall be deemed “part of a purchasing group” for purposes
of the preceding sentence if Wheeler is an equity participant in the purchasing company or
group except for: (1) passive ownership of less than three percent of the stock of
the purchasing company, or (2) ownership of equity participation in the purchasing
company or group which is otherwise not significant, as determined prior to the Change in
Control by a majority of the non-employee continuing Directors. 

     10.    
          Excise Tax Equalisation Payment. 

        (a)       Gross-Up
Payment. In the event that Wheeler becomes entitled to           Severance Benefits
or any other payment or benefit under this Agreement, or           under any other
agreement with or plan of the Company (in the aggregate, the           “Total
Payments”), if all or any part of the Total Payments will be           subject to
the tax (the “Excise Tax”) imposed by Section 4999 of           the
Internal Revenue Code of 1986, as amended (the “Code”) (or any
          similar tax that may hereafter be imposed), the Company shall pay to Wheeler in
          cash an additional amount (the “Gross-Up Payment”) such that the net
          amount retained by Wheeler after deduction of any Excise Tax upon the Total
          Payments and any federal, state, and local income tax, penalties, interest, and
          Excise Tax upon the Gross-Up Payment provided for by this Section 10 (including
          FICA and FUTA), shall be equal to the Total Payments. Such payment shall be
made           by the Company to Wheeler as soon as practical following the Date of
          Termination, but in no event beyond thirty (30) days from such date. For
          purposes of determining the amount of the Gross-Up Payment, Wheeler shall be
          deemed to pay federal income taxes at the highest marginal rate of federal
          income taxation in the calendar year in which the Gross-Up Payment is to be
          made, and state and local income taxes at the highest marginal rate of taxation
          in the state and locality of Wheeler’s residence on the Date of
          Termination, net of the maximum reduction in federal income taxes which could
be           obtained from deduction of such state and local taxes.  

        (c)                 Subsequent
Recalculation. In the event the Internal Revenue Service adjusts the
          computation of the Company under Section 10 herein so that Wheeler did not
          receive the greatest net benefit, the Company shall reimburse Wheeler for the
          full amount necessary to make Wheeler whole, plus a market rate of interest, as
          determined by the Committee.  

     11.    
          Section 409A Compliance. 

        The
parties agree that this Agreement is intended to comply with the requirements of Section
409A of the Code and the regulations and guidance promulgated thereunder (“Section
409A”) or an exemption from Section 409A. The Company shall undertake to administer,
interpret, and construe this Agreement in a manner that does not result in the imposition
on Wheeler of any additional tax, penalty, or interest under Section 409A. 

        A
termination of employment shall not be deemed to have occurred for purposes of any
provision of this Agreement providing for the payment of any amounts or benefits upon or
following a termination of employment unless such termination is also a “separation
from service” within the meaning of Section 409A and, for purposes of any such
provision of this Agreement, references to a “termination,” “termination of
employment” or like terms shall mean “separation from service.” If Wheeler
is deemed on the date of termination to be a “specified employee” within the
meaning of that term under Section 409A(a)(2)(B) of the Code, then with regard to any
payment or the provision of any benefit that is considered deferred compensation under
Section 409A payable on account of a “separation from service,” and that is not
exempt from Section 409A as involuntary separation pay or a short-term deferral (or
otherwise), such payment or benefit shall be made or provided at the date which is the
earlier of (i) the expiration of the six (6)-month period measured from the date of such
“separation from service” of Wheeler or (ii) the date of Wheeler’s death
(the “Delay Period”). Upon the expiration of the Delay Period, all payments and
benefits delayed pursuant to this Section 11(b) (whether they would have otherwise been
payable in a single sum or in installments in the absence of such delay) shall be paid or
reimbursed to Wheeler in a lump sum without interest, and any remaining payments and
benefits due under this Agreement shall be paid or provided in accordance with the normal
payment dates specified for them herein. 

11 

        With
regard to any provision herein that provides for reimbursement of costs and expenses or
in-kind benefits, except as permitted by Section 409A of the Code, all such payments shall
be made on or before the last day of calendar year following the calendar year in which
the expense occurred. 

     12.    
          Outplacement Services. In the event of involuntary termination of
          Wheeler’s employment not due to Cause as defined in Section 8 above, and
          not due to Change in Control, as defined in Section 9 above, the Company shall
          provide to Wheeler, at its cost, reasonable and appropriate outplacement
          services. 

     13.    
          Withholding of Taxes. The Company shall be entitled to withhold from any
          amounts payable under this Agreement all taxes as legally shall be required
          (including, without limitation, any United States Federal taxes and any other
          state, city, or local taxes). 

     14.    
          Successor; Binding Agreement. 

        (a)                 The
Company will require any successor (whether direct or indirect) by purchase,
          merger, consolidation or otherwise, to all or substantially all of the business
          or assets of the Company, by agreement in form and substance satisfactory to
          Wheeler, to expressly assume and agree to perform this Agreement in the same
          manner and to the same extent that the company would be required to perform it
          if no such succession had taken place.  

        (b)                 This
Agreement shall inure to the benefit of and be enforceable by the personal           or
legal representatives, executors, administrators, successors, heirs,
          distributees, devisees and legatees of Wheeler.  

     15.    
          Notices. For the purposes of this Agreement, notices and all other
          communications provided for in the Agreement shall be in writing and shall be
          deemed to have been duly given when delivered or mailed by certified or
          registered mail, return receipt requested, postage prepaid, addressed 

	 	         if to the Company: 	Secretary
                                    
Coeur d’Alene Mines Corporation
                                    
400 Coeur d’Alene Mines Building
                                    
505 Front Avenue
                                    
Coeur d’Alene, Idaho 83814-2750 

12 

	 	         if to Wheeler: 	Mr.
Dennis E. Wheeler                                     
2100 S. Island Green Drive
                                    
Coeur d’Alene, Idaho 83814 

or to such other address as either
party may have furnished to the other in writing in accordance herewith except that notice
of change of address shall be effective only upon receipt. 

     16.    
          Miscellaneous. No provisions of this Agreement may be modified, waived or
          discharged unless such waiver, modification or discharge is agreed to in writing
          signed by Wheeler and on behalf of the Company by such other officer as may be
          specifically designated by the Board. No waiver by either party hereto at any
          time or any breach by the other party thereto of, or compliance with, any
          condition or provision of this Agreement to be performed by such other party
          shall be deemed a waiver of similar or dissimilar provisions or conditions at
          the same or at any prior or subsequent time. No agreements or representations,
          oral or otherwise, express or implied, with respect to the subject matter hereof
          have been made by either party which are not expressly set forth in this
          Agreement. This Agreement shall not supersede or in any way limit the rights,
          duties or obligations Wheeler may have under any other written agreement with
          Company. The validity, interpretation, construction and performance of this
          Agreement shall be governed by the laws of the State of Idaho. 

     17.    
          Severability. The invalidity or unenforceability of any provisions 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. 

     18.    
          Arbitration. Wheeler and the Company agree that in the event a dispute
          arises concerning or relating to Wheeler’s employment with the Company, any
          termination therefrom, or the interpretation, application or enforcement of this
          Agreement, such dispute shall be submitted to binding arbitration in accordance
          with the employment arbitration rules of American Arbitration Association
          (“AAA”) by a single impartial arbitrator experienced in employment law
          selected as follows: if the Company and Wheeler are unable to agree upon an
          impartial arbitrator within ten days of a request for arbitration, the parties
          shall request a panel of employment arbitrators from AAA and alternatively
          strike names until a single arbitrator remains. The arbitration shall take place
          in Coeur d’Alene, Idaho, and both Wheeler and the Company agree to submit
          to the jurisdiction of the arbitrator selected in accordance with AAA’s
          rules and procedures. Wheeler and the Company further agree that arbitration as
          provided for in this section will be the exclusive and binding remedy for any
          such dispute and will be used instead of any court action, which is hereby
          expressly waived, except for any request by either party hereto for temporary or
          preliminary injunctive relief pending arbitration in accordance with applicable
          law, or an administrative claim with an administrative agency. The parties
          further agree that the award of the arbitrator shall be final and binding on
          both parties. The arbitrator shall have discretion to award monetary and other
          damages, or no damages, and to fashion such other relief as the arbitrator deems
          appropriate. The Company will be responsible for paying any filing fees and
          costs of the arbitration proceeding itself (for example, arbitrators’ fees,
          conference room, transcripts), but each party shall be responsible for its own
          attorneys’ fees. THE COMPANY AND WHEELER ACKNOWLEDGE AND AGREE THAT BY
          AGREEING TO ARBITRATE, THEY ARE WAIVING ANY RIGHT TO BRING AN ACTION AGAINST THE
          OTHER IN A COURT OF LAW, EITHER STATE OR FEDERAL, AND ARE WAIVING THE RIGHT TO
          HAVE CLAIMS AND DAMAGES, IF ANY, DETERMINED BY A JURY. 

13 

        IN
WITNESS WHEREOF, the parties above have executed this Agreement as of the day and year
first-above written. 

		/s/ Dennis E. Wheeler
		Dennis E. Wheeler
	
 	COEUR D’ALENE MINES CORPORATION
	

 	/s/ Robert E. Mellor
		By: Robert E. Mellor
		Title: Director

14Amended and Restated
Employment Agreement 

        This
Amended and Restated Employment Agreement is made on this 31st day of December, 2008,
between Coeur d’Alene Mines Corporation (“Company”), and Mitchell J. Krebs
(“Employee”) is made effective on 31st day of December, 2008. 

WITNESSETH: 

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

     1.    
          Employment. The Company agrees to, and hereby does, employ Employee as
          Senior Vice President, Chief Financial Officer and Treasurer, and Employee
          accepts such employment, on the terms and conditions of this Agreement. 

     2.    
          Term Of Employment. The initial term of this Agreement was from July 1,
          2005 through June 30, 2007, which was further extended through July 31, 2009 by
          amendment. The term, as amended, may be sooner terminated as herein provided. It
          is understood, however, that termination can occur in accordance with the
          provisions of paragraph 7 below, notwithstanding anything to the contrary in
          this paragraph 2. 

     3.    
          Compensation. The Company shall pay to Employee during the duration of
          the term of this Agreement as follows: 

        (a)                 A
base salary of $262,449 annually, payable in equal monthly installments, which
          may be reviewed annually during any Agreement year, but which may not be
          decreased, and any higher salary to become the base salary for the purposes of
          this provision, it being understood, however, that failure to increase the
          salary shall not be grounds for termination of this Agreement;  

        (b)                 Such
other compensation and benefits that may be made available by the Company           in
the discretion of the Board of Directors, consisting of bonuses, short-term           and
long-term incentive plans, pension plan, retirement plan, profit sharing           plan,
stock purchase plan and any other kind or type of incentive programs           approved
by the Board. It is understood that Employee shall be a participant in           all
compensation and benefit programs, both pension and welfare benefit plans,
          which exist for the executive staff of the Company;  

        (c)                 Employee
shall be entitled to earn a bonus during each calendar year of this           Agreement
payable in cash equal to no less than 45% of Employee’s then           current
annual salary, which, at the date of this Agreement, is the potential           sum of
$118,102 and a maximum of $236,204 (AIP). In addition, Employee shall be
          entitled to earn a bonus under the long term plan with a target level of 140%
or           a potential $367,429 (LTIP). Such bonuses are at the discretion of the board
of           directors; and  

        (d)                 Employee
will be eligible for a cash vehicle allowance to be paid by the Company           which
allowance amount shall be established by the Company, and may be amended           from
time-to- time.  

     4.    
          Duties. Employee, during the term of this Agreement, shall perform the
          duties usually and customarily associated with the office specified in paragraph
          (1) above and as assigned to Employee from time-to-time by the Chief Executive
          Officer of Company. As a part of Employee’s duties it is agreed that
          Employee will become familiar with and comply with Employee’s duties under
          the Sarbanes-Oxley laws and under the Company’s corporate governance
          policies, and Employee will promptly execute the necessary public filings and
          certify the contents of such documents on the date of their filing. 

        Employee
shall devote Employee’s best efforts and substantially all of Employee’s time
during business hours to advance the interests of the Company. Employee shall not engage
in business activity in competition with the Company. 

     5.    
          Vacation. Employee shall be entitled to four (4) weeks of vacation during
          each contract year of this Agreement, during which the compensation provided in
          this Agreement shall be paid in full. 

     6.    
          Disability. In the event Employee becomes disabled (inability or
          incapacity due to physical or mental illness or injury to perform
          Employee’s duties) during the term of this Agreement, which renders
          Employee unable to perform Employee’s duties, Employee shall be entitled to
          participate in the Company’s disability payment plan in effect at the time
          of the disability. 

     7.    
          Termination Of Employment. This Agreement shall be terminated as follows: 

2 

        (a)                 In
accordance with paragraph 2 above upon the expiration of the term of this
          Agreement or any extension thereof;  

        (b)                 Upon
the death of Employee;  

        (c)                 By
mutual agreement of the parties;  

        (d)                 Upon
disability of Employee, when such disability renders Employee unable to           perform
Employee’s duties for more than 90 continuous days;  

        (e)                 By
the Company without giving any reason for termination, but with the
          understanding that the compensation provided herein, except provision of 401K,
          Defined Contribution Plan, life insurance, accidental death and dismemberment,
          vehicle allowance and disability insurance, but including the target annual
          incentive bonus and the long term incentive bonus if Employee is so entitled
(it           being understood, however, as to the incentive plans the Plan documents
control           the Employee’s rights), shall be paid or provided in full to
Employee in           accordance with this Agreement in a lump sum amount within 60 days
of           termination of Employee’s employment the aggregate amount for the
period of           the remaining duration of this Agreement. It is agreed that Company
may set-off           against the compensation due to Employee under this subparagraph
any items of           like compensation which Employee receives from other employment
after the date           of termination;  

        (f)                 By
the Company for cause, which means that Employee has failed to perform           Employee’s
duties after having received from the Company written           documentation that
Employee’s duties are not being performed, which written           documentation
shall specify how performance is deficient, and Employee then           fails to resume
satisfactory performance promptly after receipt of such           documentation and
failure of performance is not satisfactorily rectified. For           cause also means a
serious and substantial failure to perform Employee’s           duties, which
failure is so obvious and so harmful to Company that written           documentation and
an opportunity to rectify conduct need not be afforded by           Company to Employee.
For cause also means conviction of a felony, or engagement           in illegal conduct
which may not constitute a felony but which is injurious to           the Company, in
either such case Company need not allow Employee to rectify           nonperformance.
Failure to perform duties includes, but is not limited to,           misfeasance or
nonfeasance of duty which was intended to, or does, injure the           Company’s
reputation or its business or relationships, including normal           working
relationships between employees; willful and continued failure of           Employee to
substantially perform his duties under this Agreement (except by           reason of
physical or mental disability, which is dealt with in paragraph 7(d)           above);
dishonesty in the performance of Employee’s duties and material           breach by
Employee of the covenants contained in paragraph 4 above;  

3 

        (g)                 Upon
change in control of Company, as “change in control” is defined           in
the so-called change in control agreement between Company and Employee, a           copy
of which is attached hereto as Attachment A, and which will be executed by           the
parties hereto when this Agreement is executed by them. In the event of
          termination for this reason, Employee’s and Company’s rights with
          respect to compensation and all other matters related to employment shall be as
          specified in the change in control agreement, and not this Agreement;  

        (h)                 Upon
the insolvency or dissolution of the Company or the cessation of business           or
operations; and  

        (i)                 By
Employee for Good Reason. For the purposes of this Agreement “Good           Reason” is
defined to mean (i) a material reduction in Employee’s           responsibilities,
authorities or duties compared to those in existence on the           effective date of
this Agreement which is evidence of the duties contemplated by           paragraph 4; or
(ii) material failure of the Company to pay to Employee any           amount otherwise
vested and due under this Agreement or under any plan or policy           of the Company,
which failure in either (i) or (ii) is not cured within five           days from receipt
by the Company of written notice from Employee which specifies           the details of
the failure.  

        In
the event of termination of this Agreement for any of the reasons specified above other
than item (e) (termination by the Company without giving any reason), Employee shall be
entitled to be paid his base salary prorated for the calendar year to the date of
termination. All other benefits, if any, following such termination shall be paid in
accordance with the plans, policies and practices of the Company which are in effect on
the date of termination. As to termination in accordance with item (e) above, Employee
shall be paid in accordance with the applicable subparagraph. 

     8.    
          Confidentiality. Employee agrees to keep information acquired in
          connection with Employee’s employment confidential, in accordance with the
          confidentiality agreement which is attached to this Agreement, marked Attachment
          B, to be executed by Employee when this Agreement is executed. With respect to
          confidentiality, Attachment B controls the rights, duties and obligations of the
          parties, rather than this paragraph 8. 

4 

     9.    
          Specific Performance. Employee understands that the obligations
          undertaken by Employee as set forth in this Agreement are unique, and that
          Company will likely have no adequate remedy at law in the event such obligations
          are breached. Employee therefore confirms that Company has the right to seek
          specific performance if Company feels such remedy is essential to protect the
          rights of Company. Accordingly, in addition to any other remedies which Company
          might have in law or equity, it shall have the right to have all obligations
          specifically performed, and to obtain injunctive relief, preliminary or
          otherwise, to secure performance. Employee agrees that the arbitration provision
          below will not be used to assert dismissal of an action in court for injunctive
          relief, and agrees that the availability of arbitration is not intended by the
          parties to prevent Company from seeking specific performance and injunctive
          relief. 

     10.    
          Arbitration. The Company and Employee will attempt to resolve any
          disputes under this Agreement by negotiation. If any matter is not thereby
          resolved, within 30 days after written notice by either party to the other, any
          dispute or disagreement arising out of or relating to this Agreement, or the
          breach of it, will be subject to exclusive, final and binding arbitration before
          one arbitrator to be conducted in Coeur d’Alene, Idaho in accordance with
          the Uniform Arbitration Act of the State of Idaho and the applicable laws of the
          State of Idaho governing arbitration of disputes. The parties to this Agreement
          specifically acknowledge that any such dispute under this Agreement, even though
          this Agreement is between an employer and an employee, is subject to said Act.
          Each party hereby submits to the exclusive jurisdiction of the state courts in
          Kootenai County, Idaho if it is necessary to proceed in court to enforce this
          paragraph 10. 

     11.    
          Other Items. The parties also agree: 

        (a)                 This
Agreement shall not be amended or modified in any way unless the amendment           or
modification is in writing, signed by the parties. There shall be no oral
          modification of this Agreement.  

5 

        (b)                 No
provision of this Agreement shall be waived by conduct of the parties or in           any
other way.  

        (c)                 This
Agreement and its validity, interpretation, construction and performance           shall
be governed by the laws of the State of Idaho.  

        (d)                 Employee
acknowledges that he received upon execution of this Agreement a copy           of the
Company’s Insider Trading Policy, Attachment C.  

     12.    
          Section 409A Compliance. All payments pursuant to this Agreement shall be
          subject to the provisions of this Section 12. This Agreement is intended to be
          interpreted and operated to the fullest extent possible so that the payments and
          benefits under this Agreement either shall be exempt from the requirements of
          Section 409A of the Internal Revenue Code of 1986, as amended (“Section
          409A”) or shall comply with the requirements of Section 409A; provided,
          however, that notwithstanding anything to the contrary in this Agreement in no
          event shall the Company be liable to the Employee for or with respect to any
          taxes, penalties or interest which may be imposed upon the Employee pursuant to
          Section 409A. For purposes of this Agreement, the date on which a
          “separation from service” pursuant to Section 409A (“Separation
          from Service”) occurs shall be treated as the termination of employment
          date for purposes of determining the timing of payments under this Agreement to
          the extent necessary to have such payments and benefits under this Agreement be
          exempt from the requirements of Section 409A or comply with the requirements of
          Section 409A. For purposes of determining whether a Separation from Service has
          occurred for purposes of Section 409A, a Separation from Service is deemed to
          include a reasonably anticipated permanent reduction in the level of services
          performed by the Employee to less than fifty percent (50%) of the average level
          of services performed by the Employee during the immediately preceding 12-month
          period (or period of service if less than 12 months). 

6 

        (a)                 To
the extent that any payment or benefit pursuant to this Agreement constitutes           a
“deferral of compensation” subject to Section 409A (after taking           into
account to the maximum extent possible any applicable exemptions) (a           “409A
Payment”) treated as payable upon a Separation from Service,           then, if on
the date of the Employee’s Separation from Service, the           Employee is a
Specified Employee, then to the extent required for Employee not           to incur
additional taxes pursuant to Section 409A, no such 409A Payment shall           be made
to the Employee sooner than the earlier of (i) six (6) months after           the
Employee’s Separation from Service; or (ii) the date of           Employee’s
death. Should this Section 12 otherwise result in the delay of           in-kind
benefits, any such benefit shall be made available to the Employee by           the
Company during such delay period at Employee’s expense. Should this
          Section 12 result in payments or benefits to Employee at a later time than
          otherwise would have been made under this Agreement, on the first day any such
          payments or benefits may be made without incurring additional tax pursuant to
          Section 409A (the “409A Payment Date”), the Company shall make such
          payments and provide such benefits as provided for in this Agreement, provided
          that any amounts that would have been payable earlier but for the application
of           this Section 12, as well as reimbursement of the amount Employee paid for
          benefits pursuant to the preceding sentence, shall be paid in lump-sum on the
          409A Payment Date along with accrued interest at the Prime Rate quoted by JP
          Morgan Chase on the date that payments or benefits, as applicable, to Employee
          should have been made under this Agreement. For purposes of this Section 12,
the           term “Specified Employee” shall have the meaning set forth in
Section           409A.  

        (b)                 For
purposes of complying with Section 409A and without extending the payment
          timing otherwise provided in this Agreement, taxable reimbursements under this
          Agreement, subject to the following sentence and to the extent required to
          comply with Section 409A, will be made no later than the end of the calendar
          year following the calendar year in which the expense was incurred. To the
          extent required to comply with Section 409A, any taxable reimbursements and any
          in-kind benefits under this Agreement will be subject to the following:
          (a) payment of such reimbursements or in-kind benefits during one calendar
          year will not affect the amount of such reimbursement or in-kind benefits
          provided during any other calendar year (other than for medical reimbursement
          arrangements as excepted under Treasury Regulations §1.409A-3(i)(1)(iv)(B)
          solely because the arrangement provides for a limit on the amount of expenses
          that may be reimbursed under such arrangement over some or all of the period
the           arrangement remains in effect); (b) such right to reimbursement or
in-kind           benefits is not subject to liquidation or exchange for another form of
          compensation to the Employee; and (c) the right to reimbursements under
          this Agreement will be in effect for the lesser of the time specified in this
          Agreement or ten years plus the lifetime of the Employee. Any taxable
          reimbursements or in-kind benefits shall be treated as not subject to Section
          409A to the maximum extent provided by Section 409A.  

7 

        (c)                 No
409A Payment payable under this Agreement shall be subject to acceleration or
          to any change in the specified time or method of payment, except as otherwise
          provided under this Agreement and consistent with Section 409A. If under this
          Agreement, a 409A Payment is to be paid in two or more installments, for
          purposes of Section 409A, each installment shall be treated as a separate
          payment.  

        (d)                 If
the Company or Employee determines that any provision of this Agreement is or
          might be inconsistent with the requirements of Section 409A, the parties shall
          attempt in good faith to agree on such amendments to this Agreement as may be
          necessary or appropriate to avoid subjecting Employee to the imposition of any
          additional tax under Section 409A without changing the basic economic terms of
          this Agreement. Notwithstanding the foregoing, no provision of this Agreement
          shall be interpreted or construed to transfer any liability for failure to
          comply with Section 409A from Employee or any other individual to the Company.
          This Section 12 is not intended to impose any restrictions on payments or
          benefits to Employee other than those otherwise set forth in this Agreement or
          required for Employee not to incur additional tax under Section 409A and shall
          be interpreted and operated accordingly. The Company to the extent reasonably
          requested by Employee shall modify this Agreement to effectuate the intention
          set forth in the preceding sentence.  

        IN
WITNESS WHEREOF, the parties have executed this amended and restated Agreement as of the
day and year first written above. 

Coeur d’Alene Mines
Corporation 

By  /s/ Dennis E.
Wheeler             
        Dennis E.
Wheeler, President & CEO 

/s/ Mitchell J. Krebs                      
        Employee
- Mitchell J. Krebs 

8 

EXHIBIT A  

AMENDED AND RESTATED
CHANGE
IN CONTROL AGREEMENT 

        THIS
AMENDED AND RESTATED OF THE CHANGE IN CONTROL AGREEMENT dated as of this 31st day of
December, 2008, is made and entered into between Coeur d’ Alene Mines Corporation
(the “Company”) and Mitchell J. Krebs (the “Executive”) and is made in
light of the following circumstances: 

        A.                 The
Company recognizes the valuable services that the Executive will render and
          desires to be assured that the Executive will continue his active participation
          in the management and business of the Company; and  

        B.                 The
Company considers the establishment and maintenance of a sound and vital
          management to be essential to protecting and enhancing the best interests of
the           Company and its shareholders, and the Company recognizes the existence and
          continued likely existence of possible change in control of the Company, as
          defined below, causing uncertainty among management and resulting in the
          possible departure or distraction of members of management to the detriment of
          the Company and its shareholders; and  

        C.                 The
Executive is willing to serve the Company, but desires assurance that in the
          event of any such change in control of the Company, he will be protected
against           the financial impact of an unexpected termination; and  

        D.                 The
Company and Executive want to document that payments under this Agreement           are
intended to be exempt from the requirements of Section 409A of the Internal
          Revenue Code of 1986, as amended (“Section 409A”) or comply with such
          requirements.  

        NOW,
THEREFORE, the Company agrees that the severance benefits described below will be
provided, subject to the terms and conditions set forth below, to the Executive in the
event the employment of the Executive with the Company or its subsidiaries is terminated
subsequent to a change in control of the Company, as defined below, under the
circumstances described below: 

     1.    
          Company’s Right to Terminate. During the Term of Agreement, as
          defined below, the Executive agrees, so long as he continues to be employed as
          an officer of the Company or any of its subsidiaries, to continue to perform his
          regular duties as such officer of the Company in accordance with the Amended and
          Restated Employment Agreement effective as of December 31, 2008 (the
          “Employment Agreement”). Notwithstanding the foregoing, the Company
          may terminate the employment of the Executive at any time, subject to providing
          the benefits hereinafter specified in accordance with the terms hereto and
          subject to all terms and conditions of the Employment Agreement. 

     2.    
          Effective Date. The “Effective Date” shall be December 31,
          2008. 

     3.    
          Term of Agreement. This Agreement shall have a termination date which is
          identical to the Employment Agreement and shall continue from day-to-day until
          terminated in accordance with the termination provisions of the Employment
          Agreement, unless a change in control of the Company, as defined below, shall
          have occurred prior to that date, in which event it shall continue in effect
          during the two (2) year period immediately following such change in control as
          provided herein. 

     4.    
          Change in Control. No benefits shall be payable hereunder unless there
          shall have occurred a Change in Control of the Company, as defined below,
          and the employment of the Executive by the Company shall have been thereafter
          terminated in the manner described in Section 5 hereof. For purpose of this
          Agreement, a Change in Control of the Company (“Change in
          Control”) shall mean and be determined to have occurred in the following
          instances: 

	 	(i) 	any
organization, group or person (“Person”) (as such term is used in
                    Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as
amended)(the                     “Exchange Act”) is or becomes the beneficial
owner (as defined in Rule                     13d-3 under the Exchange Act), directly or
indirectly, of securities of the                     Company representing 35% or more of
the combined voting power of the then                     outstanding securities of the
Company; or 

	 	(ii) 	during
any two-year period, a majority of the members of the Board serving at
                    the Effective Date of this Agreement is replaced by directors who are
not                     nominated and approved by the Board; or 

	 	(iii) 	a
majority of the members of the Board is represented by, appointed by or
                    affiliated with any Person whom the Board has determined is seeking
to effect a                     Change in Control of the Company; or 

	 	(iv) 	the
Company shall be combined with or acquired by another company and the Board
                    shall have determined, either before such event or thereafter, by
resolution,                     that a Change in Control will or has occurred. 

     5.    
          Termination Following Change in Control. If a Change in Control shall
          have occurred, the Executive shall be entitled to the benefits provided in
          Section 6 hereof upon the subsequent involuntary termination, whether actual or
          constructive, as defined below, of the employment of the Executive within the
          two (2) year period immediately following such Change in Control, for any reason
          other than termination for cause, disability, death, normal retirement or early
          retirement. For the purposes of this section: 

	 	
(a)    
                     “Constructive Involuntary Termination” shall mean
voluntary                     termination of employment by the Executive as a result of a
material change in                     the duties, responsibilities, reporting
relationship, job description,                     compensation, perquisites, office or
location of employment of Executive without                     the written consent of
the Executive. A termination by the Executive shall not                     be deemed to
be a “Constructive Involuntary Termination” unless the
                    Executive shall have provided notice to the Company of the change
constituting                     Constructive Involuntary Termination within 90 days of
its occurrence and the                     Company had a 30-day opportunity after such
notice to cure such change.  

2 

	 	
(b)                         “Cause” shall
mean termination of employment on account of (i)                     fraud,
misrepresentation, theft or embezzlement, (ii) intentional violation of
                    laws involving moral turpitude or which is materially injurious to
the Company,                     (iii) willful and continued failure by the Executive
substantially to perform                     his or her duties with the Company or its
subsidiaries (other than failure                     resulting from the Executive’s
incapacity due to physical or mental                     illness), after a demand for
substantial performance is delivered to the                     Executive by the
President or the Chairman of the Board of the Company, which                     demand
specifically identifies the manner in which the Executive has not
                    substantially performed his or her duties.  

	 	
(c)                         “Disability” shall
mean inability or incapacity, due to                     physical or mental illness, of
the Executive to perform his or her duties with                     the company for a
period of three continuous months.  

        Any
termination of the employment of the Executive by the Company shall be communicated by a
written notice of termination addressed to the Executive and any termination of the
employment of the Executive by the Executive, except by death, shall be communicated by a
written notice of termination addressed to the President or Chairman of the Board of the
Company. The notice of termination shall specify the date of termination (“Date of
Termination”) and the characterization of the termination. 

     6.    
          Benefits Upon Termination. If the Executive’s employment by the
          Company shall be terminated as provided in Section 5 hereof, other than for
          cause, disability or death, the Executive shall be entitled to the benefits
          provided below: 

	 	
(a)    Base
Salary and Bonuses. The Company shall pay a lump sum amount within
                    60 days following termination of employment equal to the sum of the
                    Executive’s full annual base salary at the rate in effect
immediately prior                     to the termination of the employment of the
Executive, and the Executive’s                     short-term and long-term bonuses
at target levels pursuant to the Company’s                     then current
Long-Term Incentive Plan, that would have been paid for the period                     of
two (2) years following actual involuntary termination or Constructive
                    Involuntary Termination, if such termination occurs during the period
in which                     this Agreement is in effect (the “Compensation Period”).
Benefits paid                     in accordance with this Subsection 6(a) shall not be
reduced in the event the                     Executive is employed elsewhere during this
time period, or by reason of death                     or disability.  

3 

	 	
(b)    Medical
and Dental Benefits; Long-term Disability Benefits. The Company
                    shall maintain in full force and effect from the Date of Termination
through the                     end of the Compensation Period, all medical and dental
benefits and all long                     term disability benefits in which the Executive
was entitled to participate                     immediately prior to the Date of
Termination, to the same extent as if the                     Executive had continued to
be an employee of the Company during the Compensation                     Period,
provided that such continued participation is feasible under the general
                    terms and provisions of such plans and programs. To the extent such
continued                     participation is not feasible, the Company shall arrange to
provide the                     Executive with substantially the same benefits as those
to which he or she would                     have been entitled to receive under such
plans and programs. All such medical                     and dental benefits shall be
subject to the group health plan continuation                     coverage requirements
as provided in Section 4980B of the Internal Revenue Code                     of 1986, as
amended (The “Code”). All such medical and dental benefits
                    shall be discontinued upon employment by the Executive with another
company and                     the commencement of coverage of the Executive pursuant to
a long-term disability                     plan of such new employer.  

	 	
(c)    Stock
Options. In the event of a Change in Control, all outstanding
                    stock options, stock appreciation rights, restricted stock,
performance plan                     awards and performance shares granted by the Company
to the Executive under the                     Company’s Long-Term Incentive Plan
shall become immediately exercisable in                     full and otherwise vest 100%
in accordance with the subject to the provisions                     under Section 13 of
such Long-Term Performance Plan.  

	 	
(d)    Retirement
Benefits.  

	 	
(1)    Defined
Contribution Plans. The Company shall not use the provisions of           any defined
contribution plan to deny a lump sum option to the Executive unless           this occurs
under uniform treatment applicable to all plan participants.  

	 	
(2)    Defined
Benefit Plan. The Executive shall be entitled to continued           credit for years
of service under the defined benefit plan of the Company from           the date of
Termination through the Compensation Period, and any compensation           paid to the
Executive pursuant to subsection 6(a) above shall be treated as           salary
compensation for purposes of such plan. To the extent that such           augmentation of
the defined benefit plan is not possible under such plan, the           Company shall pay
the Executive a lump sum amount within 60 days following the           termination of the
Executive’s employment equal to the present value of           such augmentation, or
arrange to provide the Executive with substantially the           same benefit.  

	 	
(e)    Certain
Executive Reimbursement. The Company shall pay the Executive an
                    amount necessary to reimburse the Executive for all legal fees and
expenses                     incurred by the Executive as a result of the Change in
Control of the company                     and such termination of employment, including
any fees and expenses incurred in                     contesting or disputing any such
termination or in seeking to obtain or enforce                     any right or benefit
provided by this Agreement; provided, however, that the                     Company shall
be obliged only to pay amounts necessary to reimburse the                     Executive
for legal fees and expense incurred by the Executive with respect to
                    any claim or claims made by him as to which he shall substantially
prevail in                     litigation relating thereto against the Company.  

4 

        The
payment provided for in subsection 6(a) hereof shall be subject to applicable payroll or
other tax required to be withheld by the Company. Payments to the Executive hereunder
shall be considered severance pay in consideration of past service and his or her
continued service after the date of this Agreement. The payment provided for in subsection
6(d)(1) hereof shall be made to the Executive within five (5) business days after the Date
of Termination. The Executive shall not be required to mitigate the amount of any payment
provided for in this Section 6 by seeking other employment or otherwise, and except as
provided in subsection 6(b) above, the amount of any payment provided for in this Section
6 shall not be reduced by any compensation earned by the Executive as a result of
employment by another employer after the Date of Termination, or otherwise. 

     7.    
          Limitation on Payments. If the severance payments provided for under this
          Agreement, either alone or together with other payments which the Executive
          would have the right to receive from the Company, would constitute a
          “parachute payment,” as defined in Section 280G(a) of the Code as in
          effect at the time of payment, such payment shall be reduced to the largest
          amount as will result in no portion being subject to the excise tax imposed by
          Section 4999 of the Code or the disallowance of a deduction by Company pursuant
          to Section 280G of the Code. The determination of the amount of any reduction
          under this section, and the plan and payment to which such reductions shall
          apply, shall, to the extent permitted by Section 409A, be made in good faith by
          the Executive or otherwise shall be made in such a manner so as to maximize the
          value of payments to the Executive and such determination shall be binding on
          the Company. 

     8.    
          Successor; Binding Agreement 

     (a)    
          The Company will require any successor (whether direct or indirect) by purchase,
          merger, consolidation or otherwise, to all or substantially all of the business
          or assets of the Company by agreement in form and substance satisfactory to the
          Executive, to expressly assume and agree to perform this Agreement in the same
          manner and to the same extent that the Company would be required to perform it
          if no such succession had taken place. 

     (b)    
          This Agreement shall inure to the benefit of and be enforceable by the personal
          or legal representatives, executors, administrators, successors, heirs,
          distributees, devisees and legatees of the Executive. If the Executive should
          die while any amount would be payable to the Executive hereunder if the
          Executive had continued to live, all such amounts, unless otherwise provided
          herein, shall be paid in accordance with the terms of this Agreement to the
          devisee, legatee or other designee or, if there be no such designee, to the
          estate of the Executive. 

     9.    
          Notices. For the purposes of this Agreement, notices and all other
          communications provided for in the Agreement shall be in writing and shall be
          deemed to have been duly given when delivered or mailed by certified or
          registered mail, return receipt requested, postage prepaid, addressed: 

5 

	if to the Company:  	Chairman
and Chief Executive Officer                                     
Coeur d’Alene Mines
Corporation                                    
 505 Front Avenue
                                    
Coeur d’Alene, ID 83814

	if to the Executive:  	Mitchell
J. Krebs                                     
2105 Bellerive Lane, Unit 106
                                    
Coeur d’Alene, ID 83814

or to such other address as either
party may have furnished to the other in writing in accordance herewith except the notice
of change of address shall be effective only upon receipt. 

     10.    
          Miscellaneous. No provisions of this Agreement may be modified, waived or
          discharged unless such waiver, modification or discharge is agreed to in writing
          signed by the Executive and on behalf of the Company by the President, the
          chairman of the Board or such other officer as may be specifically designated by
          the Board. No waiver by either party there of, or compliance with, any condition
          or provision of this Agreement to be performed by such other party shall be
          deemed a waiver of similar or dissimilar provisions or conditions at the time or
          at any prior to subsequent time. No agreements or representations, oral or
          otherwise, express or implied, with respect to the subject matter hereof have
          been made by either party which are not expressly set forth in this Agreement.
          This Agreement shall not supersede or in any way limit the rights, duties or
          obligations the Executive may have under any other written agreement with the
          Company. The validity, interpretation, construction and performance of this
          Agreement shall be governed by the laws of the State of Idaho. 

     11.    
          Severability. The invalidity or unenforceability of any provisions 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. 

     12.    
          Arbitration. Any dispute or controversy arising under or in connection
          with this Agreement shall be settled exclusively by arbitration in Coeur
          d’Alene, Idaho in accordance with the rules of the American Arbitration
          Association then in effect. Judgment may be entered on the arbitrator’s
          award in any court having jurisdiction. 

     13.    
          Section 409A Compliance. All payments pursuant to this Agreement shall be
          subject to the provisions of this Section 13. This Agreement is intended to be
          interpreted and operated to the fullest extent possible so that the payments and
          benefits under this Agreement either shall be exempt from the requirements of
          Section 409A or shall comply with the requirements of Section 409A; provided,
          however, that notwithstanding anything to the contrary in this Agreement in no
          event shall the Company be liable to the Executive for or with respect to any
          taxes, penalties or interest which may be imposed upon the Executive pursuant to
          Section 409A. For purposes of this Agreement, the date on which a
          “separation from service” pursuant to Section 409A (“Separation
          from Service”) occurs shall be treated as the termination of employment
          date for purposes of determining the timing of payments under this Agreement to
          the extent necessary to have such payments and benefits under this Agreement be
          exempt from the requirements of Section 409A or comply with the requirements of
          Section 409A. For purposes of determining whether a Separation from Service has
          occurred for purposes of Code Section 409A, a Separation from Service is deemed
          to include a reasonably anticipated permanent reduction in the level of services
          performed by the Executive to less than fifty percent (50%) of the average level
          of services performed by the Executive during the immediately preceding 12-month
          period (or period of service if less than 12 months). 

6 

	 	
(a)    Payments
to Specified Employees. To the extent that any payment or                     benefit
pursuant to this Agreement constitutes a “deferral of
                    compensation” subject to Section 409A (after taking into account
to the                     maximum extent possible any applicable exemptions) (a “409A
Payment”)                     treated as payable upon a Separation from Service,
then, if on the date of the                     Executive’s Separation from Service,
the Executive is a Specified Employee,                     then to the extent required
for Executive not to incur additional taxes pursuant                     to Section 409A,
no such 409A Payment shall be made to the Executive sooner than                     the
earlier of (i) six (6) months after the Executive’s Separation
                    from Service; or (ii) the date of Executive’s death. Should
this                     Section 13 otherwise result in the delay of in-kind benefits,
any such benefit                     shall be made available to the Executive by the
Company during such delay period                     at Executive’s expense. Should
this Section 13 result in payments or                     benefits to Executive at a
later time than otherwise would have been made under                     this Agreement,
on the first day any such payments or benefits may be made                     without
incurring additional tax pursuant to Section 409A (the “409A
                    Payment Date”), the Company shall make such payments and provide
such                     benefits as provided for in this Agreement, provided that any
amounts that would                     have been payable earlier but for the application
of this Section 13, as well as                     reimbursement of the amount Executive
paid for benefits pursuant to the                     preceding sentence, shall be paid
in lump-sum on the 409A Payment Date along                     with accrued interest at
the PrimeRrate quoted by JP Morgan Chase on the date                     that payments or
benefits, as applicable, to Executive should have been made                     under
this Agreement. For purposes of this Section 13, the term “Specified
                    Employee” shall have the meaning set forth in Section 409A.  

	 	
(b)    Reimbursements.
For purposes of complying with Section 409A and without                     extending the
payment timing otherwise provided in this Agreement, taxable
                    reimbursements under this Agreement, subject to the following
sentence and to                     the extent required to comply with Code Section 409A,
will be made no later than                     the end of the calendar year following the
calendar year in which the expense                     was incurred. To the extent
required to comply with Code Section 409A, any                     taxable reimbursements
and any in-kind benefits under this Agreement will be                     subject to the
following: (a) payment of such reimbursements or in-kind
                    benefits during one calendar year will not affect the amount of such
                    reimbursement or in-kind benefits provided during any other calendar
year (other                     than for medical reimbursement arrangements as excepted
under Treasury                     Regulations §1.409A-3(i)(1)(iv)(B) solely because
the arrangement provides                     for a limit on the amount of expenses that
may be reimbursed under such                     arrangement over some or all of the
period the arrangement remains in effect);                     (b) such right to
reimbursement or in-kind benefits is not subject to                     liquidation or
exchange for another form of compensation to the Executive; and                     (c) the
right to reimbursements under this Agreement will be in effect for
                    the lesser of the time specified in this Agreement or ten years plus
the                     lifetime of the Executive. Any taxable reimbursements or in-kind
benefits shall                     be treated as not subject to Section 409A to the
maximum extent provided by                     Section 409A.  

7 

	 	
(d)    No
Acceleration; Separate Payments. No 409A Payment payable under this
                    Agreement shall be subject to acceleration or to any change in the
specified                     time or method of payment, except as otherwise provided
under this Agreement and                     consistent with Section 409A. If under this
Agreement, a 409A Payment is to be                     paid in two or more installments,
for purposes of Section 409A, each installment                     shall be treated as a
separate payment.  

	 	
(e)    Cooperation.
If the Company or Executive determines that any provision                     of this
Agreement is or might be inconsistent with the requirements of Section
                    409A, the parties shall attempt in good faith to agree on such
amendments to                     this Agreement as may be necessary or appropriate to
avoid subjecting Executive                     to the imposition of any additional tax
under Section 409A without changing the                     basic economic terms of this
Agreement. Notwithstanding the foregoing, no                     provision of this
Agreement shall be interpreted or construed to transfer any                     liability
for failure to comply with Section 409A from Executive or any other
                    individual to the Company. This Section 13 is not intended to impose
any                     restrictions on payments or benefits to Executive other than
those otherwise set                     forth in this Agreement or required for Executive
not to incur additional tax                     under Section 409A and shall be
interpreted and operated accordingly. The                     Company to the extent
reasonably requested by Executive shall modify this                     Agreement to
effectuate the intention set forth in the preceding sentence.  

[Signature page to
follow]  

8 

        IN
WITNESS WHEREOF, the parties have executed this amended and restated Agreement as of the
day and year first-above written. 

	THE COMPANY	COEUR D’ ALENE MINES CORPORATION
	

 	/s/ Dennis E. Wheeler
		Dennis E. Wheeler
		Chairman, President & CEO
	

THE EXECUTIVE	/s/ Mitchell J. Krebs
		Mitchell J. Krebs
		Senior Vice President, Chief Financial Officer
		& Treasurer

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