SEC Contract Filing

Filing Date: 2015-06-09

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>exhibit10-4.htm
<DESCRIPTION>EXHIBIT 10.4
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<P align=right><B><I>EXECUTION VERSION </I></B></P>
<P align=center><B>AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT </B></P>
<P align=justify style="text-indent:5%">REGISTRATION RIGHTS AGREEMENT,
dated as of June 8, 2015, by and among Golden Queen Mining Co. Ltd., a British
Columbia company (the &#147;<B><U>Company</U></B>&#148;), THE LANDON T. CLAY 2009
IRREVOCABLE TRUST DATED MARCH 6, 2009 (&#147;<B><U>LTC Lender</U></B>&#148;), EHT, LLC
(&#147;<B><U>EHT Lender</U></B>&#148;), HARRIS CLAY (&#147;<B><U>HC Lender</U></B>&#148;), THE CLAY
FAMILY 2009 IRREVOCABLE TRUST DATED APRIL 14, 2009 (together with LTC Lender,
EHT Lender and HC Lender, the &#147;<B><U>Lenders</U></B>&#148;) and the holders set forth
on <B><U>Schedule A</U></B> (the &#147;<B><U>Clay Family</U></B><B>
</B><B><U>Holders</U></B>&#148;).</P>
<P align=justify style="text-indent:5%">WHEREAS, the Company, LTC Lender
and EHT Lender (as assignee in interest of HC Lender) are parties to that
certain Registration Rights Agreement, dated as of December 31, 2014 (the
&#147;<B><U>Existing Agreement</U></B>&#148;), which was entered into in connection with
that certain Term Loan Agreement, dated as of December 31, 2014, as amended,
among the Company, LTC Lender and EHT Lender (as assignee in interest of HC
Lender) (the &#147;<B><U>Existing Term Loan Agreement</U></B>&#148;); </P>
<P align=justify style="text-indent:5%">WHEREAS, the Company and the Lenders have agreed to amend and
restate the Existing Term Loan Agreement by entering into an Amended and
Restated Term Loan Agreement of even date herewith (as amended, restated,
supplemented or otherwise modified from time to time, the &#147;<B><U>Term Loan
Agreement</U></B>&#148;); and </P>
<P align=justify style="text-indent:5%">WHEREAS, in consideration of the undertakings of the Lenders
pursuant to the Term Loan Agreement, the Company has agreed to provide the
Holders (defined below) certain rights as set forth herein. </P>
<P align=justify style="text-indent:5%">NOW, THEREFORE, in consideration
of the premises and of the mutual covenants and obligations hereinafter set
forth (and for other good and valuable consideration the receipt and sufficiency
of which are hereby acknowledged by the Company), the parties hereto hereby
agree that the Existing Agreement is hereby amended and restated in its entirety
as follows: </P>
<P align=center><B>ARTICLE I </B></P>
<P align=center><B>DEFINITIONS</B> </P>
<P align=justify style="text-indent:5%">Section 1.1. <U>Certain Defined
Terms</U>. As used herein, the following terms shall have the following
meanings: </P>
<P align=justify style="text-indent:5%"><B>&#147;</B><B><U>Action</U></B><B>&#148;</B> means any legal,
administrative, regulatory or other suit, action, claim, audit, assessment,
arbitration or other proceeding, investigation or inquiry. </P>
<P
align=justify style="text-indent:5%"><B>&#147;</B><B><U>Affiliate</U></B><B>&#148;</B>
shall mean, with respect to any Person, any other Person directly or indirectly
controlling, controlled by or under common control with, such Person. For
purposes of this definition, &#147;control&#148; when used with respect to any Person,
means the possession, directly or indirectly, of the power to cause the
direction of management and/or policies of such Person, whether through the
ownership of voting securities, by contract or otherwise. </P>
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<P
align=justify style="text-indent:5%"><B>&#147;</B><B><U>Agreement</U></B><B>&#148;</B>
means this Registration Rights Agreement as it may be amended, supplemented,
restated or modified from time to time. </P>
<P align=justify style="text-indent:5%"><B>&#147;</B><B><U>Beneficial
Ownership</U></B><B>&#148;</B> by a Person of any securities includes ownership by
any Person who, directly or indirectly, through any contract, arrangement,
understanding, relationship or otherwise, has or shares (i) voting power which
includes the power to vote, or to direct the voting of, such security; and/or
(ii) investment power which includes the power to dispose, or to direct the
disposition, of such security; and shall otherwise be interpreted in accordance
with the term &#147;beneficial ownership&#148; as defined in Rule 13d-3 adopted by the SEC
under the Exchange Act. The term <B>&#147;</B><B><U>Beneficially Own</U></B><B>&#148;</B>
shall have a correlative meaning. </P>
<P align=justify style="text-indent:5%"><B>&#147;</B><B><U>Business
Day</U></B><B>&#148;</B> means any day, other than a Saturday, Sunday or a day on
which banking institutions in New York, New York are authorized or obligated to
close. </P>
<P align=justify style="text-indent:5%"><B>&#147;</B><B><U>Common Shares</U></B><B>&#148;</B> means the common
shares, no par value per share, of the Company. </P>
<P align=justify style="text-indent:5%"><B>&#147;</B><B><U>Exchange
Act</U></B><B>&#148;</B> means the Securities Exchange Act of 1934, as amended, and
the rules and regulations promulgated by the SEC from time to time thereunder.
</P>
<P align=justify style="text-indent:5%"><B>&#147;</B><B><U>Governmental
Entity</U></B><B>&#148;</B> shall mean any court, administrative agency or commission
or other governmental authority or instrumentality, whether federal, state,
local or foreign and any applicable industry self-regulatory organization. </P>
<P
align=justify style="text-indent:5%"><B>&#147;</B><B><U>Holders</U></B><B>&#148;</B>
means the Lenders, the Clay Family Holders and any Transferee of their
Registrable