NOTE ON REDACTED MATERIAL: SECTIONS UNDER THE HEADINGS “INTERPRETATIONS”, “LOAN”, “PREPAYMENTS”, “CONDITIONS OF LENDING” AND “EVENTS OF DEFAULT” IN THIS AGREEMENT; CUSTOMER IDENTIFICATION NUMBERS CONTAINED IN EXHIBIT A AND THE STRUCTURING FEE AND...Loan Agreement • August 3rd, 2012 • Gryphon Gold Corp • Gold and silver ores • Ontario
This Solvency Certificate is delivered pursuant to Section 6.2(h) of that certain Senior Secured Gold Stream Credit Agreement (as it may be amended, restated, replaced, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated April [*], 2012 by and among Gryphon Gold Corporation, a corporation organized and existing under the laws of the State of Nevada, as the borrower (“Borrower”); Borealis Mining Company and those entities from time to time identified as a “Guarantor,” as guarantors, and Waterton Global Value, L.P., by its Investment Manager, Altitude Management Ltd., as the lender (“Lender”). Unless otherwise defined herein, the terms used in this Solvency Certificate have the meanings ascribed thereto in the Credit Agreement.
