AMENDED AND RESTATED LOAN AGREEMENT between ROYAL GOLD, INC. and HSBC BANK USA, NATIONAL ASSOCIATION Dated as of December 14, 2005Loan Agreement • December 20th, 2005 • Royal Gold Inc • Mineral royalty traders • Nevada
This AMENDED AND RESTATED LOAN AGREEMENT is entered into as of December 14, 2005, between ROYAL GOLD, INC., a corporation incorporated under the laws of the State of Delaware (the “Borrower”) and HSBC BANK USA, NATIONAL ASSOCIATION a national banking association organized under the laws of the United States (the “Lender”).
EXHIBIT E PROCEEDS AGREEMENT [HSBC Bank USA Letterhead] December 14, 2005Proceeds Agreement • December 20th, 2005 • Royal Gold Inc • Mineral royalty traders
This is to advise you that HSBC Bank USA (“HSBC”) has continued a credit facility in favor of Royal Gold, Inc. (“Royal Gold”) pursuant to the Amended and Restated Loan Agreement dated as of December 14, 2005 between HSBC and Royal Gold (the “Loan Agreement”), which amends and restates in its entirety the Loan Agreement dated as of December 18, 2000 between HSBC and Royal Gold. The Loan Agreement is secured by various collateral security arrangements, including: (1) a lien and security interest in favor of HSBC on Royal Gold’s share of all mineral production (“Production”) from the GSR#1 Royalty, the GSR#3 Royalty and the NVR#1 Royalty, each on the Pipeline/South Pipeline Mining Complex in Lander County, Nevada (the “Project”), (2) a security interest in all proceeds of such Production (“Proceeds”), and (3) a security interest in all accounts of Royal Gold, whether metals or monetary, and credit balances therein, with Johnson Matthey Inc. (“Accounts”).
