SENIOR SUPERPRIORITY DEBTOR-IN-POSSESSION CREDIT AGREEMENT Dated as of November 18, 2020 among GENERAL MOLY INC., as Borrower, NEW MOLY LLC, as Agent and Majority Lender, and BRUCE D. HANSEN and BONG T. HANSEN, as Minority LenderDebtor-in-Possession Credit Agreement • November 20th, 2020 • General Moly, Inc • Metal mining • Colorado
This SENIOR SUPERPRIORITY DEBTOR-IN-POSSESSION CREDIT AGREEMENT (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”) is entered into as of November 18, 2020, among GENERAL MOLY INC., a Delaware corporation, as borrower (the “Borrower”), BRUCE D. HANSEN and BONG T. HANSEN, individuals, jointly as joint tenants, as a lender (together with any successors or assigns, collectively the “Minority Lender”), and NEW MOLY LLC, a Delaware limited liability company, as a lender (together with any successors or assigns, the “Majority Lender” and, together with the Minority Lender, collectively the “Lenders” and each a “Lender”) and Majority Lender as administrative agent on behalf of the Lenders (in such capacity, together with any successors or assigns, the “Agent”).
RESTRUCTURING SUPPORT AGREEMENTRestructuring Support Agreement • November 20th, 2020 • General Moly, Inc • Metal mining • Colorado
This Term Sheet is intended only for discussion purposes and is not intended to create any rights in favor of any party, any liability on the part of any party, or any obligation (including any obligation to consummate a transaction or to continue discussions or negotiations with respect to a transaction) on the part of any party, with respect to any matter. Any transaction is subject to further legal, business, and financial diligence on the part of both parties, all necessary third parties entering into the necessary consents, agreements and arrangements to effect the transactions described below, and the terms being satisfactory to all parties. For the avoidance of doubt, the conditions of this Term Sheet shall only be valid if the term sheets with certain parties (i.e. Steve Mooney and Mount Hope Mines Inc.) are agreed and signed, and the conditions of such term sheets are acceptable to POSCO. Once the conditions of this Term Sheet are signed and agreed by the parties, the Eureka M
