TERM LOAN AND SECURITY AGREEMENTTerm Loan and Security Agreement • June 29th, 2016 • Hecla Mining Co/De/ • Mining & quarrying of nonmetallic minerals (no fuels) • Delaware
This Term Loan and Security Agreement (“Agreement”) is made as of May 23, 2016 by and among MINES MANAGEMENT, INC., an Idaho corporation (the “Borrower”), NEWHI, INC., a Washington corporation (“Newhi”), MONTANORE MINERALS CORP., a Delaware corporation (“MMC”), MONTMIN RESOURCES CORP., a Delaware corporation (“MRC”), MONTANORE MINERALS WISCONSIN CORP., a Delaware corporation (“MMWC” and together with MMC, MRC and Newhi, the “Guarantors” and the Guarantors together with the Borrower, the “Loan Parties”) and HECLA MINING COMPANY, a Delaware corporation (the “Lender”). In consideration of the mutual covenants contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
