AMENDMENT TO BINDING TERM SHEETBinding Term Sheet • October 9th, 2020 • Bullfrog Gold Corp. • Metal mining • Ontario
This amending agreement (the “Amendment”) amends the binding term sheet (the “Term Sheet”) dated as of September 7, 2020 between Homestake Mining Company of California (“Homestake”), Lac Minerals (USA) LLC (“Lac Minerals”), Augusta Investments Inc. (“Augusta”) and Bullfrog Gold Corp. (“BFGC”, and together with Homestake, Lac Minerals and Augusta, the “Parties”), pursuant to which the Parties agreed to enter into an integrated transaction involving: (i) the purchase by BFGC of all of the Equity Interests in Bullfrog Mines LLC; and (ii) a concurrent financing in which the Augusta Group agreed to acquire Units of BFGC. The Parties agreed to amend the Term Sheet as follows:
SECOND AMENDMENT TO BINDING TERM SHEETBinding Term Sheet • October 9th, 2020 • Bullfrog Gold Corp. • Metal mining • Ontario
This second amending agreement (the “ Second Amendment”) amends the binding term sheet dated as of September 7, 2020, as amended on October 7, 2020 (as amended, the “Term Sheet”), between Homestake Mining Company of California (“Homestake”), Lac Minerals (USA) LLC (“Lac Minerals”), Augusta Investments Inc. (“Augusta”) and Bullfrog Gold Corp. (“BFGC”, and together with Homestake, Lac Minerals and Augusta, the “Parties”), pursuant to which the Parties agreed to enter into an integrated transaction involving: (i) the purchase by BFGC of all of the Equity Interests in Bullfrog Mines LLC; and (ii) a concurrent financing in which the Augusta Group agreed to acquire Units of BFGC. The Parties agreed to amend the Term Sheet as follows:
