SEC Contract Filing

Filing Date: 2017-08-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.13
<SEQUENCE>4
<FILENAME>s107345_ex10-13.htm
<DESCRIPTION>EXHIBIT 10.13
<TEXT>
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<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.13</B></P>

<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B><U>AMENDMENT
#1 TO CONTRACT</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>AGREEMENT</B>, made and entered into this 26<SUP>th</SUP>
day of September, 2016, by and between <B>NioCorp Developments Ltd.</B>, of 7000 South Yosemite Street, Suite115, Centennial, CO
80112 (hereinafter referred to as &ldquo;NioCorp&rdquo;) and <B>Lind Asset Management IV, LLC</B>, of 370 Lexington Ave, Suite
1900, New York, NY 10017 (hereinafter referred to as &ldquo;Lind&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>W I T N E S S E T H</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>WHEREAS</B>, NioCorp and Lind have previously entered into
that certain &ldquo;Convertible Security Funding Agreement&rdquo; dated December 14, 2015 (hereinafter referred to as the &ldquo;Contract&rdquo;);
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>WHEREAS</B>, NioCorp and Lind wish to amend the terms and
conditions of the Contract as hereinafter provided;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOW THEREFORE</B>, in consideration of the mutual covenants
and promises herein contained and other good and valuable consideration, each to the other in hand paid, NioCorp and Lind agree
that from the date of this Amendment until January 1, 2017 the sum US$1,000,000 as it occurs in each of the following sections
of the Contract shall be, and hereby is, temporarily reduced to US$500,000:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Section 1.1 under the definition of &ldquo;<B><I>Market Cap / Cash Balance Conversion Event</I></B>&rdquo; subpart (a).</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Section 1.1 under the definition of &ldquo;<B><I>Second Closing Notification Date</I></B>&rdquo; subpart (b).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>The first occurrence, and only the first occurrence, of the sum US$1,000,000 in Section 2.1(d)(ii).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As of January 1, 2017, all of the foregoing amounts shall automatically
revert from US$500,000 to US$1,000,000 without further action by the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The duration of the aforesaid temporary reduction may be extended
only by the mutual written agreement of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Except as specifically set forth hereinabove, the Contract remains
in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In witness whereof the parties have set their mutual hands and
seals the day and date first above written.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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 <TD COLSPAN="2">NioCorp Developments Ltd.:</TD>
 <TD>&nbsp;</TD>
 <TD COLSPAN="2">Lind Asset Management IV, LLC:</TD></TR>
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 <TD COLSPAN="2">&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD COLSPAN="2">&nbsp;</TD></TR>
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 <TD STYLE="width: 3%">By:</TD>
 <TD STYLE="width: 44%; border-bottom: Black 1pt solid">&nbsp;&nbsp;/s/ John F. Ashburn Jr.</TD>
 <TD STYLE="width: 5%">&nbsp;</TD>
 <TD STYLE="width: 3%">By: </TD>
 <TD STYLE="width: 45%; border-bottom: Black 1