Document:

Exhibit 10.13

 

November
30, 2020

 

David
Wiens

[address
omitted]

 

Dear
David:

 

Re:
Employment Agreement

 

Bunker
Hill Mining Corp. (“Bunker Hill”) is pleased to confirm its offer of new employment to you on the terms provided
below.

 

	Job
    Title:	Chief
    Financial Officer & Corporate Secretary
	 	 
	Reporting
    to:	Board
    of Directors
	 	 
	Commencement
    Date:	12
    Jan 2021
	 	 
	Full
    time:	You
    will be employed on a full-time basis, for a minimum of 40 hours per week, with additional hours as required to complete your
    duties. You will not be entitled to overtime pay in this position. You will dedicate your full attention to the position and
    may not be engaged in any other business without the written consent of Bunker Hill. 
	 	 
	Location:	The
    Company, led by the CEO, is based in the Silver Valley, Idaho, USA. You will not be required to relocate there from Vancouver
    to fulfill your duties but you should expect to visit the office location on a regular basis, and conduct marketing and other
    business travel as required.
	 	 
	Limitation
    on Authority:	Any
    authority you are provided to bind Bunker Hill must be granted by the Board of Directors of Bunker Hill and is subject to
    revocation of such authority at any time and without notice. 
	 	 
	Job
    Description:	Attached
    as Appendix “A” is a job description outlining your duties and responsibilities.
	 	 
	Base
    Salary:	CAD
    260,000 per annum, less statutory deductions and remittances, paid semi-monthly. Salary will be subject to review, as determined
    by Bunker Hill.
	 	 

 

	Sign
    on Bonus	i)	CAD
        83,544, to be utilized to participate for 208,860 Units in the February 2021 non-brokered private placement financing

        

 

	 	ii)	273,271
        stock options with an expiry of February 19, 2026 and an exercise price of $0.335 per share, which shall vest immediately

         

	 	iii)	764,706
    stock options with an expiry of February 19, 2026 and an exercise price of $0.335 per share, which shall vest on December
    31, 2021.

 

    	 

    	 	- 2 -	 

    

 

	Incentive
    Bonus:	As
    an incentive bonus, and subject to achieving key performance targets, you will be eligible for an annual grant of 100% of
    your Base Salary with 40% awarded in cash and the remaining 60% to be awarded in Deferred Share Units which will vest in 3
    equal tranches on the first, second and third anniversary of the award. 
	 	 
	Benefits:	You
    will be provided with Health and Dental Benefits provided by the Company and will be reimbursed for annual membership dues
    associated with the CFA and CPA designations, and fees associated with courses taken through the CPA Western School of Business
    to complete the CPA designation.
	 	 
	Vacation:	Four
    weeks of vacation time per year. Salary is inclusive of vacation pay. Vacation entitlement may not be accumulated from year-to-year
    nor will there be payment in lieu of vacation time.

 

	Privacy:	You
    understand and agree that Bunker Hill may collect, use, or disclose personal information about you as required for those purposes
    necessary for the conduct of the employment relationship. Examples of these purposes include, but are not limited to:   
	 	 
	 	●	recruitment;
	 	●	promotion;
	 	●	training
    or career development;
	 	●	contacting
    next of kin in the event of emergency;
	 	●	employment
    administration;
	 	●	benefits
    administration;
	 	●	work
    planning and management;
	 	●	provision
    of reference to potential employers, financial institutions, or educational establishments;
	 	●	performance
    development reviews and other performance assessments, appraisals, etc.; and
	 	●	photographs
    used for identification cards, management reports or employee announcements.

 

	Expenses:	It
    is understood and agreed that you will incur expenses in connection with the performance of your duties under this Agreement.
    Bunker Hill will reimburse you for any such expenses reasonably and necessarily incurred in accordance with the Travel &
    Expense Reimbursement Policy of Bunker Hill. 
	 	 
	Termination:
    	(a)
        By Bunker Hill for just cause: At any time during the term of this Agreement, Bunker Hill may terminate this Agreement
        and your employment for just cause, without payment of any amount whatever to you (other than accrued and unpaid salary
        and vacation, if any), unless otherwise required by the Employment Standards Act (British Columbia) (the “ESA”).
        Any such termination shall be by written notice to you and will be effective forthwith. The term “just cause”
        as used in this Agreement shall mean any conduct which would constitute just cause under applicable law and shall include,
        without limitation:

        

 

    	 

    	 	- 3 -	 

    

 

	 	1)	repeated
    failure by you to promptly and adequately perform your duties to the satisfaction of Bunker Hill, after having been given
    no less than 45 days’ written notice specifying the duty or duties that are not being adequately performed and providing
    you with an opportunity to correct any such alleged deficiency;
	 	 	 
	 	2)	a
    material and irreparable breach of this Agreement by you that causes material harm to Bunker Hill;
	 	 	 
	 	3)	significant
    habitual absenteeism, for which you have been put on notice; or
	 	 	 
	 	4)	dishonest
    conduct which causes irreparable harm to Bunker Hill’s goodwill or reputation.
	 	 	 
	 	(b)
By Bunker Hill without just cause: Notwithstanding anything contained in this Agreement, this Agreement and your employment
may be terminated by Bunker Hill at any time without just cause. Where your employment is terminated without just cause, Bunker
Hill’s sole obligation will be to provide you with the following (the “Separation Amount”):
	 	 	 
	 	1)	six
    (6) month’s notice of termination or pay in lieu of termination; plus
	 	 	 
	 	2)	six
    (6) month’s notice of termination or pay in lieu of notice of termination for each partial year or full year of completed
    employment with Bunker Hill; plus
	 	 	 
	 	3)	such
    additional amount, if any, for minimum notice of termination or pay in lieu of such notice and severance, if any, as may be
    required by the ESA.
	 	 	 
	 	For
    greater certainty, where payment is made in lieu of notice, payment shall be based on the annual salary then in effect plus
    the target cash bonus for the current year. The total notice of termination or pay in lieu of notice of termination shall
    not exceed twenty-four (24 months).
	 	 	 
	 	By
    you for good reason: This Agreement may be terminated immediately by you for good reason if, without the consent of you,
    there is:

 

    	 

    	 	- 4 -	 

    

 

	 	1)	a
    material reduction in the compensation, duties and responsibilities;
	 	 	 
	 	2)	breach
    by Bunker Hill of any material provision of this Agreement without the breach being remedied within 30 days after notice thereof
    has been received by Bunker Hill; and
	 	 	 
	 	3)	an
    election by you, at your sole and unfettered discretion, at any time within 12 months of a change of control, as defined below.
	 	 	 
	 	Upon
    such termination by you for good reason, Bunker Hill shall pay to you an amount equal to the you Separation Amount, payable
    in one lump sum on the date of termination and the terms regarding all unexercised and unvested stock options granted to you,
    as set out below shall apply.
	 	 	 
	 	 	The
    term “change of control”, as used above shall include:
	 	 	 
	 	4)	the
    purchase by a third party of 50% or more of the Bunker Hill’s stock;
	 	 	 
	 	5)	a
    change in the majority of Bunker Hill’s Board of Directors;
	 	 	 
	 	6)	a
    merger or consolidation, after which Bunker Hill’s prior shareholders no longer control Bunker Hill; and/or
	 	 	 
	 	7)	the
    sale of all or substantially all of Bunker Hill’s assets or the liquidation of Bunker Hill.
	 	 	 
	 	(d)
By you for any reason: This Agreement may be terminated by you at any time and for any reason by providing 120 days’
written notice to the Board of Directors.
	 	 	 
	 	Upon
    termination in accordance with paragraph (b) or (c) above, all unvested and unexercised stock options granted to you shall
    immediately vest and become exercisable, notwithstanding any other term or provision in any stock option plan or otherwise,
    on the earlier of (i) the existing expiry date, and (ii) 90 days from the date of termination.
	 	 	 
	 	All
    payments or benefits set out in this “Termination” section are intended to satisfy all obligations arising out
    of the termination of your employment with Bunker Hill, whether statutory, contractual or at common law and, for greater certainty,
    shall be inclusive of any notice of termination or severance pay prescribed in the ESA, as it may from time-to-time be amended,
    the provisions of which are deemed to be incorporated into this Agreement; as legislation is changed, the new provisions will
    apply and, if greater, will prevail over the entitlements set out above. 

 

    	 

    	 	- 5 -	 

    

 

	Standards
        of

        Employment:
	You
    agree that you will adhere to all Bunker Hill’s policies, rules, systems and procedures which are in place at Bunker
    Hill. Bunker Hill reserves the right to change the provisions of any of these at any time. 
	 	 
	Confidentiality/Non-

                                                                              Competition:
	You
    are required to execute the attached Confidentiality/Non-Competition Agreement as a condition of this Offer of Employment.
	 	 
	Changes:
    	Unless
    specifically amended in writing and signed by the parties, the terms of this Agreement will continue to apply notwithstanding
    any changes in your position, duties, reporting or other terms of employment.
	 	 
	Return
    of Property: 	Upon
    termination, howsoever caused, you shall surrender to a representative of Bunker Hill, upon request, all keys, manuals, lists,
    correspondence, monies, supplies, employee lists, and all other material and records, or other Bunker Hill property of any
    kind that may be in your possession at such time. If you are an officer of Bunker Hill or any affiliate at the time of your
    termination, you will submit your resignation.
	 	 
	Set-Off:
    	You
    authorize Bunker Hill to deduct from any payment due to you at any time, including from a termination or severance payment,
    any amounts owed to Bunker Hill by reason of purchases, advances, loans or in recompense for damages to or loss of Bunker
    Hill’s property and equipment save only that this provision shall be applied so as not to conflict with any applicable
    legislation.
	 	 
	Assignment
    and Benefit: 	Bunker
    Hill shall have the right to assign this Agreement (including any policies or agreements referenced in this Agreement) without
    consideration or advance notice to you, to its successors and assigns, including without limitation, to any of its parents,
    subsidiaries or any of its affiliates or to any purchaser of all or substantially all of Bunker Hill’s equity or assets.
    
	 	 
	Entire
    Agreement: 	This
    Agreement supersedes and replaces all prior or contemporaneous negotiations and/or agreements made between the parties, whether
    oral or written and the execution of this Agreement has not been induced by, nor do any of the parties hereto rely upon or
    regard as material any representations or writings whatsoever not incorporated into and made a part of this Agreement. This
    Agreement, the agreements referenced herein, and Bunker Hill’s policies and procedures as they may be changed from time
    to time, shall constitute the entire agreement between the parties with respect to all matters relating to your employment.
	 	 
	Withholdings:
    	All
    payments to you or other entitlements under this Agreement or accruing as a result of your employment with Bunker Hill shall
    be less applicable withholdings and deductions. 

 

    	 

    	 	- 6 -	 

    

 

	Modification:	Any
    modification to this Agreement must be in writing and signed by the parties or it shall have no effect and shall be void
	 	 
	Headings:	The
    headings used in this Agreement are for convenience only and are not to be construed in any way as additions to or limitations
    of the covenants and agreements contained in it.
	 	 
	Governing
    Law:	This
    Agreement shall be construed in accordance with the laws of the Province of British Columbia and any disputes or differences
    under this Agreement shall be determined under the exclusive jurisdiction of the British Columbia Supreme Court. 
	 	 
	Satisfaction
    of all Claims:	The
    terms set out in this Agreement, provided that such terms are satisfied by Bunker Hill, are in lieu of (and not in addition
    to) and in full satisfaction of any and all other claims or entitlements which you have or may have upon the termination of
    your employment and the compliance by Bunker Hill with these terms will affect a full and complete release of Bunker Hill
    and its Affiliates from any and all claims which the you may have for whatever reason or cause in connection with your employment
    and the termination of it, other than those obligations specifically set out in this Agreement. In agreeing to the terms set
    out in this Agreement, you specifically agree to execute a formal release document to that effect and will deliver upon request
    appropriate resignations from all offices and positions with Bunker Hill and its Affiliates, if, as and when requested by
    Bunker Hill upon termination of your employment within the circumstances contemplated by this Agreement.
	 	 
	Counterparts:	This
    Agreement may be executed in any number of counterparts, each of which, when executed, will be deemed to be an original, but
    all of which together will constitute one and the same agreement.

 

	Conditions:	You agree that this Agreement is contingent on the following:

 

	 	(a)	You
agreeing to enter into the Agreement Regarding Confidentiality, Non-Solicitation, Non-Competition and Intellectual Property Agreement
attached as Appendix “B”; and 

	 	 	 
	 	(b)	Your
    affirmation, by signing and returning this Agreement, that you are not a party to any purported non-competition or non-solicitation
    agreement. If you have such an additional agreement, you must provide a copy to Bunker Hill for review. Bunker Hill will then
    advise you if it is prepared to continue to offer you employment.

 

In
order to confirm your acceptance of this Agreement with Bunker Hill please sign and date where indicated below, and return an
original copy of this letter to my attention.

 

If
you have any questions concerning the offer, do not hesitate to contact us directly. We look forward to hearing from you.

 

Sincerely,

 

Sam
Ash, Chief Executive Officer

 

    	 

    	 	- 7 -	 

    

 

ACCEPTANCE:

 

I
have received a copy of this Agreement. I have read, considered and understood and I hereby accept the terms and conditions of
this Agreement. I acknowledge having been given an opportunity to obtain legal consultation and advice with respect to the terms
and conditions herein, and I execute this Agreement freely and voluntarily with full understanding of its contents. This Agreement
and my employment hereunder have not been induced by any representations of Bunker Hill Mining Corp. not contained herein.

 

Date:
December 1, 2020

 

Signature:
/s/ David Wiens

 

    	 

    	 	 	 

    

 

APPENDIX
“A”

 

JOB
DESCRIPTION

Chief Financial Officer

 

		A.	Financial
                                         & Organizational Management Functions

 

		●	When
                                         required, participate with the CEO and other members of senior management in the Company’s
                                         strategic planning process and in designing and implementing the Company’s overall
                                         financial plans, policies and procedures.

		●	Assist
                                         as required in negotiating the terms of equity and debt financings, and in the case of
                                         the latter, ensure the Company’s compliance with debt covenants.

		●	Monitor
                                         cash balances, precious metal inventory and ongoing treasury functions including all
                                         banking and borrowing relationships.

		●	Manage
                                         the Company’s cash investments to ensure they are earning maximum returns commensurate
                                         with the Company’s need to not expose its capital to undue risk, and also while
                                         maintaining appropriate levels of liquidity to enable financial liabilities to be discharged
                                         on a timely basis.

		●	Develop
                                         and implement policies and procedures to ensure that internal controls are in place,
                                         and specifically financial/budgetary, cash flow and inventory controls.

		●	Manage
                                         income tax planning and reporting, including the timely preparation of annual corporate
                                         tax returns for the Company and the filing of applications for tax credits available
                                         to the Company.

		●	Develop
                                         and maintain risk management practices that ensure that neither the Company nor its key
                                         personnel are financially exposed to avoidable risk.

		●	Review
                                         and provide comments on a timely basis on all press releases containing financial information.

		●	Establish,
                                         implement and monitor regulatory oversight and compliance functions.

		●	Oversee
                                         vault operations and vaulting relationships.

		●	Develop,
                                         monitor and maintain appropriate insurance coverages for all aspects of the Company’s
                                         consolidated business.

		●	Assist
                                         in the management of the Company’s operating subsidiaries.

		●	Manage
                                         filings and administration of the Company’s intellectual property portfolio.

		●	Liaison
                                         with regulatory officials on behalf of the Company as required.

		●	Prepare
                                         and complete presentations to investors.

		●	Work
                                         with external advisors, auditors and legal counsel of the Company as required.

 

		B.	Financial
                                         Reporting

 

		●	Establish,
                                         administer and monitor bookkeeping services for full cycle accounting including invoice
                                         review, the processing of payments and cheque preparation, updating and reconciliation
                                         of accounting records and reconciliation of bank accounts on a monthly basis.

		●	Prepare
                                         consolidated financial statements and management’s discussion and analysis, as
                                         well as accompanying regulatory CEO/CFO certifications, for timely filing with regulatory
                                         authorities on a quarterly and annual basis.

		●	Oversee
                                         the design, implementation and evaluation of the Company’s disclosure controls
                                         and procedures and internal controls over financial reporting, in concert with the CEO
                                         and in accordance with the certification requirements of National Instrument 52-109 –
                                         Certification of Disclosure in Issuers’ Annual and Interim Filings.

 

    	 

    	 	- 2 -	 

    

 

		●	Prepare
                                         annual budgets for general and administrative expenditures and, in consultation with
                                         the COO (and CEO, as appropriate), prepare an annual budget for expenditures.

		●	Prepare
                                         monthly or quarterly reports, as appropriate, including budget-to-actual expenditure
                                         comparisons for distribution to senior management and the Board.

		●	Prepare
                                         and disseminate monthly cash position and cash forecast reports.

		●	Preparation
                                         of working papers for the Company’s external auditor.

		●	Preparation
                                         of working papers for the Company’s auditors and management of the annual audit
                                         engagement.

 

		C.	Securities
                                         Law Compliance & Corporate Matters

 

		●	Oversee,
                                         monitor and ensure delivery of the following securities law compliance & corporate
                                         matters:

 

		(i)	Continuous
                                         Disclosure

		-	Monitoring
                                         of dates for the filing of interim and annual financial statements, MD&As and AIFs
                                         to comply with NI 51-102 and the Business Corporations Act

		-	Monitoring
                                         of dates for the calling of the annual meeting of shareholders to comply with NI 54-101
                                         and the Business Corporations Act

		-	Assist
                                         in the dissemination of press releases and review drafting if required

		-	Preparation
                                         of standard material change reports as instructed

 

		(ii)	Meetings
                                         of Boards of Directors and Committees

		-	Preparation
                                         and sending of notices of meetings

		-	Setting
                                         up telephone conference details for meetings if required

		-	Preparation
                                         of meeting agendas

		-	Attendance
                                         in person or by conference telephone at board and committee meetings

		-	Drafting
                                         of minutes of the meetings for circulation to the board of directors or committee members

 

		(iii)	Annual Meetings of Shareholders

		-	Compliance
                                         with National Instrument 54-101 for Annual Meeting within Toronto downtown core consisting
                                         of appointment of auditor, election of directors and up to two items of special business

		-	Assistance
                                         with organization of printing and mailing of the management proxy materials

		-	Preparation
                                         of the chairman’s script for the annual meeting

		-	Attendance
                                         at the annual meeting of a reasonable duration in the capacity as recording secretary

		-	Preparation
                                         of minutes of the annual meeting

 

		(iv)	Stock
                                         Options

-
Administration of schedule of outstanding stock options

-
Preparation of resolution approving the grant of options

-
Filing monthly forms detailing the grants with the TSX

-
Preparation of stock option agreements for each grant of options

-
Preparation of treasury direction upon exercise of options

 

		(v)	Exchange
                                         and Corporate Compliance

		-	Preparation
                                         and filing of all reports prescribed by applicable stock exchanges

 

		(vi)	Insider
                                         Reporting

		-	Preparation
                                         of Insider Reports for the Company’s insiders

 

		●	Monitor
                                         and manage all policies and procedures prescribed by Corporate Governance Manual

 

    	 

    	 	- 3 -	 

    

 

APPENDIX
“B”

AGREEMENT REGARDING CONFIDENTIALITY, NON-SOLICITATION,

NON COMPETITION AND INTELLECTUAL PROPERTY

 

WHEREAS
▲(herein the “Employee”), and Bunker Hill Mining Corp. (herein “Bunker Hill”)
desire to enter into a contractual relationship;

 

AND
WHEREAS the Employee will necessarily be involved, as a consequence of his or her duties as an employee, with information
and processes, the disclosure of which could be to the great detriment of Bunker Hill, its affiliates (including without limitation
Net Transactions Limited), subsidiaries and related entities (collectively, “Bunker Hill Group”);

 

NOW
THEREFORE, in consideration of Bunker Hill’s entering into a contractual relationship with the Employee, and for other
good and valuable consideration, the receipt and sufficiency of which is hereby irrevocably acknowledged, the parties agree as
follows:

 

	1.	Confidential Information

 

	A)	“Confidential
                                         Information” as used in this Agreement includes but is not limited to information
                                         emanating from or relating to Bunker Hill Group, its associates, employees, agents, suppliers
                                         or customers, or conceived or developed by the Employee concerning (i) property information
                                         and technical data, (ii) market information and marketing plans and strategies, (ii)
                                         joint venture partners, strategic partners, shareholders and investors, (iii) research,
                                         development, industrial and intellectual property rights, and (iv) records, statistics,
                                         financial information, strategies, training and promotional policies, profits, costs,
                                         pricing and sourcing.

 

	B)	The
                                         Employee acknowledges that such Confidential Information could be used to the detriment
                                         of Bunker Hill Group and that the disclosure of such Confidential Information could cause
                                         irreparable harm to Bunker Hill Group. Accordingly, the Employee undertakes to treat
                                         confidentially all Confidential Information and not to disclose or provide it to any
                                         third party or to use it for any purpose either during the Employee’s tenure except
                                         as may be necessary in the proper discharge of the Employee’s duties, or for any
                                         reason after the conclusion of the Employee’s relationship with Bunker Hill Group.

 

	2.	Ownership and Assignment of Intellectual Property

 

	A)	All
                                         notes, data, computer files, reference items, sketches, drawings, memoranda, records
                                         and other materials (including tools and data), in any way relating to any of the Confidential
                                         Information or to Bunker Hill Group’s business, produced by the Employee or coming
                                         into the Employee’s possession by or through the Employee’s relationship
                                         with Bunker Hill, shall belong exclusively to Bunker Hill. The Employee agrees to turn
                                         over to Bunker Hill all copies (including hard and electronic) of any such materials
                                         in his possession or under his or her control, forthwith, at the request of Bunker Hill
                                         or, in the absence of a request, on the date his contractual relationship with Bunker
                                         Hill ends.

 

    	 

    	 	- 4 -	 

    

 

	B)	“Subject
                                         Inventions” shall include all inventions, improvements or discoveries made
                                         or conceived by the Employee during the Employee’s relationship with Bunker Hill
                                         Group (including, for greater certainty, pursuant to the employment relationship contemplated
                                         hereby, and any past or present employment, independent contractor, or advisory relationship
                                         between the Employee and any Bunker Hill Group Member as of the date hereof), either
                                         solely or jointly with others, arising out of or in any way connected to the Employee’s
                                         employment or with the use of Bunker Hill Group’s time, equipment, material, supplied
                                         facilities, or related to or suggested by trade secret information or other private or
                                         Confidential Information or related to Bunker Hill Group’s actual or demonstrably
                                         anticipated research and development acquired by the Employee during the term of the
                                         Employee’s relationship with Bunker Hill Group.

 

	C)	The
                                         Employee agrees (i) to disclose fully, promptly and in writing the existence of and details
                                         of all Subject Inventions, (ii) that Subject Inventions are the sole and exclusive property
                                         of Bunker Hill, (iii) upon receipt of the written request of Bunker Hill, to assign to
                                         Bunker Hill, in a form and manner acceptable solely to Bunker Hill, all of the Employee’s
                                         rights (including where applicable moral rights), title and interest in and to all Subject
                                         Inventions, and (iv) upon receipt of the written request of Bunker Hill, to provide all
                                         assistance necessary, both during and after the Employee’s contractual relationship
                                         to enable Bunker Hill to successfully defend (or prosecute as the case may be), any litigation
                                         arising out of a dispute related to Subject Inventions.

 

	3.	Non-Competition and Non-Solicitation

 

	A)	The
                                         Employee agrees that, during his employment with Bunker Hill Group and for twelve (12)
                                         months from the date the Employee’s employment with Bunker Hill Group ends for
                                         any or no reason (including, without limitation, a termination by Bunker Hill Group without
                                         just cause), the Employee will not, directly or indirectly, or in any capacity whatsoever,
                                         including but not limited to, as an employee, principal, partner, agent, consultant,
                                         advisor or shareholder (holding more than 1% of issued and outstanding shares of) or
                                         in partnership or association with, any other person, firm, corporation, association
                                         or other entity:

 

		i)	own,
                                         operate, manage, appraise, lease, finance, sell, acquire and/or bid to own, operate,
                                         manage, appraise, lease, finance, sell or acquire, any business in direct competition
                                         with the Bunker Hill Group, or

 

		ii)	make
                                         or attempt to make any offer of employment or partnership to any employee of Bunker Hill
                                         Group or anyone who was employed by Bunker Hill Group at any time during the six (6)
                                         months preceding the date that the Employee’s employment with Bunker Hill Group
                                         ended, or

 

		iii)	represent,
                                         solicit, visit or otherwise contact any shareholder or business partner or prospective
                                         shareholder or business partner for the purpose of diverting such contact away from Bunker
                                         Hill Group or otherwise for any purpose competitive with or detrimental to the business
                                         of Bunker Hill Group.

 

	4.	Enforcement of this Agreement

 

	A)	The
                                         Employee agrees that the restrictions and covenants contained in this Agreement are reasonably
                                         required for the protection of Bunker Hill Group and its goodwill, and that the Employee’s
                                         Agreement to same constitute a material inducement to Bunker Hill to enter into or amend
                                         for the benefit of the Employee a contractual relationship with the Employee and that
                                         Bunker Hill would not contract with the Employee absent such an inducement.

 

    	 

    	 	- 5 -	 

    

 

	B)	The
                                         Employee understands and agrees, without prejudice to any and all other rights of Bunker
                                         Hill Group, that in the event of his violation or attempted violation of any of the covenants
                                         contained in this Agreement, an injunction or other like remedy shall be the only effective
                                         method to protect Bunker Hill Group’s rights and property as set out above, and
                                         that an interim injunction may be granted immediately on the commencement of any suit.

 

	C)	In
                                         the event that any clause herein should be unenforceable or be declared invalid for any
                                         reason whatsoever, such enforceability or invalidity shall not affect the enforceability
                                         or validity of the remaining portions of the covenants and such unenforceable or invalid
                                         portions shall be severable from the remainder of the Agreement.

 

	D)	This
                                         Agreement shall be construed in accordance with the laws of the Province of British Columbia
                                         and any disputes or differences under this Agreement shall be determined under the exclusive
                                         jurisdiction of the British Columbia Supreme Court.

 

IN
WITNESS WHEREOF the Parties have executed this Agreement this ____ day of December, 2020.

 

	 	BUNKER HILL INC.

 

	 	Per:	 
	 	 	●
    President & Chief Executive Officer

 

 

	SIGNED,
    SEALED AND DELIVERED	 	 
	 	 	 
	 	In
    the Presence of:	 	 
	 	 	 	 
	 	

        Witness
	 	

        ●Exhibit 4.3

 

SECOND AMENDMENT TO AMENDED & RESTATED
RIGHTS AGREEMENT

 

THIS
SECOND AMENDMENT TO AMENDED & RESTATED RIGHTS AGREEMENT (the “Amendment”), dated as of March 31, 2021, is
entered into by and between TSR, Inc. (the
“Corporation”) and Continental Stock Transfer & Trust Company (the “Rights Agent”). 

 

RECITALS

 

A. The
Corporation and the Rights Agent entered into that certain Amended & Restated Rights Agreement, originally dated as of August
29, 2018 and amended and restated as of September 3, 2019, as amended (the “Rights Agreement”).

 

B. Pursuant
to Section 26 of the Rights Agreement, for as long as the Rights are then redeemable, the Corporation may in its sole and absolute
discretion, and the Rights Agent shall if the Corporation so directs, supplement or amend any provision of the Rights Agreement
without the approval of any holders of the Rights.

 

C. Capitalized
terms used but not defined herein shall have the respective meanings given to them in the Rights Agreement.

 

NOW, THEREFORE, the
parties hereto, intending legally to be bound, hereby agree as follows:

 

1. Amendments to the Rights Agreement.

 

(a) Section
7(a) of the Rights Agreement is hereby deleted in its entirety and replaced with the following:

 

“(a) The Rights shall not be
exercisable until, and shall become exercisable on, the Distribution Date (unless otherwise provided herein, including, without
limitation, the restrictions on exercisability set forth in Section 11(a)(ii) and Section 23(a) hereof).
Except as otherwise provided herein, the Rights may be exercised, in whole or in part, at any time commencing with the Distribution
Date upon surrender of the Rights Certificate, with the form of election to purchase and certificate on the reverse side thereof
duly executed (with signatures duly guaranteed), to the Rights Agent at the principal office of the Rights Agent in New York, New
York together with payment of the Exercise Price for each Right exercised, subject to adjustment as hereinafter provided, at or
prior to the Close of Business on the earlier of (i) March 31, 2021 (or if the Distribution Date shall have occurred before March
31, 2021, at the Close of Business on the 90th day following the Distribution Date) or (ii) the date on which the Rights are redeemed
as provided in Section 23 hereof (such earlier date being herein referred to as the “Expiration Date”).”

 

(b) All
references to the date of “August 29, 2021” in Exhibit A (Summary of Rights to Purchase Class A Preferred Stock, Series
One) and Exhibit B (Form of Rights Certificate) to the Rights Agreement shall hereby be changed to “March 31, 2021”.

 

2. Remaining
Terms. Those portions of the Rights Agreement that are not expressly amended hereby shall continue in full force and effect.
Notwithstanding the foregoing, the Rights Agent and the Corporation acknowledge and agree that upon the Expiration Date the Rights
Agreement shall terminate and be of no further force and effect.

 

3. Counterparts.
This Amendment may be executed in any number of counterparts with the same effect as if all parties had signed the same document.
All counterparts will be construed together and will constitute one agreement. Further, this Amendment may be executed by transfer
of an originally signed document by e-mail in PDF format or other electronic means, any of which will be as fully binding as an
original document.

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be duly executed, all as of the date first above written.

 

	 	TSR, INC.
	 	 	 
	 	By:	/s/ John G. Sharkey
	 	Name: 	John G. Sharkey
	 	Title:	Sr. VP & Secretary
	 	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
	 	 	 
	 	By:	/s/ Erika Young
	 	Name:	Erika Young
	 	Title:	Vice President

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