MCEWEN MINING INC. / BANCO NACIONAL DE COMERCIO EXTERIOR, S.N.C. GUARANTY AND SUBORDINATION AGREEMENTGuaranty and Subordination Agreement • December 4th, 2017 • McEwen Mining Inc. • Gold and silver ores • New York
Contract Type FiledDecember 4th, 2017 Company Industry JurisdictionThis GUARANTY AND SUBORDINATION AGREEMENT (the “Guaranty) is made effective as of November 30, 2017, 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 Ciudad de México. This Guaranty is being given for the benefit of the Guarantor and for Compañía Minera Pangea, S.A. de C.V. (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 November 30, 2017 among the parties hereto (the “Credit Agreement”).