MCEWEN MINING, INC. / BANCO NACIONAL DE COMERCIO EXTERIOR, S.N.C. GUARANTY AND SUBORDINATION AGREEMENTGuaranty and Subordination Agreement • June 2nd, 2015 • McEwen Mining Inc. • Gold and silver ores • New York
This GUARANTY AND SUBORDINATION AGREEMENT (the “Guaranty) is made effective as of April 17, 2015, by McEwen Mining, Inc., (the “Guarantor”), for the benefit of El Banco Nacional de Comercio Exterior, S.N.C. (the “Creditor”), located at Periférico Sur 4333, Col. Jardines en la Montaña, C.P. 14210 México, D.F. This Guaranty is being given for the benefit of the Guarantor and for Compañía Minera Pangea, S.A. (the “Debtor”) located at, Blvd. Antonio Rosales 855, Ote. Altos 12 Col. Morelos C.P.81460, Guamúchil Sinaloa, Mexico., in consideration for the Creditor entering into that certain Contrato de Apertura de Crédito Simple dated as of April 17, 2015 among the parties hereto (the “Credit Agreement”).
