SEC Contract Filing

Filing Date: 2024-08-14

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>6
<FILENAME>ex10-4.htm
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.4</B></FONT></P>

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Copy</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FIRST
AMENDMENT TO lOAN AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
FIRST AMENDMENT (this &ldquo;<B>Agreement</B>&rdquo;) dated as of August 8, 2024 between BUNKER HILL MINING CORP., a corporation incorporated
under the laws of Nevada (together with its successors and assigns, &ldquo;<B>Borrower</B>&rdquo;), SILVER VALLEY METALS CORP., a corporation
incorporated under the laws of Idaho (together with its successors and assigns, &ldquo;<B>Guarantor</B>&rdquo; and together with Borrower,
the &ldquo;<B>Obligors</B>&rdquo;), SPROTT PRIVATE RESOURCE STREAMING AND ROYALTY (US COLLECTOR), LP and SPROTT PRIVATE RESOURCE STREAMING
AND ROYALTY ANNEX (US COLLECTOR), LP (each, together with its successors and assigns, a &ldquo;<B>Lender</B>&rdquo; and, collectively,
the &ldquo;<B>Lenders</B>&rdquo;) and SPROTT PRIVATE RESOURCE STREAMING AND ROYALTY (US COLLECTOR), LP., as agent for the Lenders (in
such capacity and together with any successor agent, the &ldquo;<B>Agent</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RECITALS</B>:</FONT></P>

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<TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; width: 0.5in; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>A.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
 Obligors, the Agent and the Lenders entered into a loan agreement (the &ldquo;<B>Existing
 Loan Agreement</B>&rdquo;) dated as of June 23, 2023 pursuant to which the Lenders agreed
 to make available to Borrower a term loan facility to finance, in part, the construction
 and development of the Mine; and</FONT></TD></TR></TABLE>

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<TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; width: 0.5in; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>B.</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
 Obligors and the Sprott Lender Parties have agreed to amend the Existing Loan Agreement on
 the terms and conditions of this Agreement;</FONT></TD></TR></TABLE>

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THEREFORE in consideration of the foregoing premises and for other good and valuable consideration (the receipt and sufficiency of which
are hereby acknowledged by the Parties), the Parties mutually agree as follows:</FONT></P>

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