WAIVER OF DEFAULT LETTERSenior Secured Gold Stream Credit Agreement • July 5th, 2013 • Santa Fe Gold CORP • Metal mining • Ontario
Re: Senior Secured Gold Stream Credit Agreement dated December 23, 2011 (as amended, modified, supplemented, extended or restated from time to time, the “Credit Agreement”) entered into by and among Santa Fe Gold (Barbados) Corporation (the “Borrower”), Santa Fe Gold Corporation (“Santa Fe”), Lordsburg Mining Company (“Lordsburg”), Azco Mica Inc. (“Azco”) and Waterton Global Value, L.P. (the “Lender” and collectively with the Borrower, Santa Fe, Lordsburg and Azco, the “parties”).
SANTA FE GOLD CORPORATION SECURED CONVERTIBLE NOTESecured Convertible Note • July 5th, 2013 • Santa Fe Gold CORP • Metal mining • Delaware
For Value Received, the undersigned, Santa Fe Gold Corporation, a Delaware corporation ("BORROWER"), under the terms of this Secured Convertible Note ("NOTE") hereby unconditionally promises to pay to the order of International Goldfields Limited, an Australian company ("CREDITOR"), by wire transfer to such account as Creditor shall provide notice of to Borrower or by check, in lawful money of the United States of America and in immediately available funds, the principal amount borrowed and outstanding hereunder at any time not to exceed $2,000,000.00 (the "COMMITMENT") and such interest as will have accrued and been outstanding, both payable in the manner set forth below. Borrower may repay any amounts borrowed hereunder without penalty or premium from the date hereof through to the first to occur of:
