0000950157-14-000775 Sample Contracts

LOAN AGREEMENT
Loan Agreement • July 17th, 2014 • Augusta Resource CORP • Gold and silver ores • Ontario

THIS AGREEMENT (the “Agreement”) is made as of the 17th day of July, 2014. AMONG: AUGUSTA RESOURCE CORPORATION, as a borrower (hereinafter called “Augusta”) AND AUGUSTA RESOURCE (US) CORPORATION, as a borrower (hereinafter called “Augusta US”; and together with Augusta, the “Borrowers” and individually a “Borrower”) AND HUDBAY MINERALS INC., as the lender (hereinafter called the “Lender” or the “Offeror”)

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