[LETTERHEAD]
August 27, 1999
Battle Mountain Canada Ltd.
Battle Mountain Gold Company
000 Xxxx Xxxxxx
00xx Xxxxx
Xxxxxxx, Xxxxx
X.X.X. 77002
Attention: Xx. Xxxxxx Xxxxxx,
Treasurer
Dear Sirs:
Re: Battle Mountain Canada Ltd.
We refer to the Loan Agreement dated September 30, 1997 between
Battle Mountain Canada Ltd. (the "Borrower") and Canadian Imperial Bank of
Commerce (the "Bank") (as amended by the Limited Waiver and Amending
Agreement dated as of April 30, 1999 and by the Second Limited Waiver and
Amending Agreement (the "Second Waiver") dated as of July 24, 1999 between
the Borrower and the Bank, the "Loan Agreement"). Capitalized terms not
defined in this letter have the meanings given in the Loan Agreement.
This letter confirms that the Bank agrees to extend, to
September 30, 1999, the August 31, 1999 date references in Section 2.02 of
the Second Amendment.
Yours truly,
CANADIAN IMPERIAL BANK OF COMMERCE
By: /s/ Xxxxx X. Xxxx
------------------------------------
Name: Xxxxx X. Xxxx
Title: Managing Director
Confirmed.
BATTLE MOUNTAIN CANADA LTD.
By: /s/ Xxxxxxxx X. Xxxxx
------------------------------------
Name: Xxxxxxxx X. Xxxxx, Xx.
Title: Vice-President
