<SEC-DOCUMENT>0000950142-25-002952.txt : 20251113
<SEC-HEADER>0000950142-25-002952.hdr.sgml : 20251113
<ACCEPTANCE-DATETIME>20251112212720
ACCESSION NUMBER:		0000950142-25-002952
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20251112
FILED AS OF DATE:		20251113
DATE AS OF CHANGE:		20251112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Gold Inc. /FI
		CENTRAL INDEX KEY:			0000800166
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31722
		FILM NUMBER:		251475125

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		181 BAY STREET, SUITE 3320
		CITY:			TORONTO
		PROVINCE COUNTRY:   	A6
		ZIP:			M5J 2T3
		BUSINESS PHONE:		(416) 324-6000

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		181 BAY STREET, SUITE 3320
		CITY:			TORONTO
		PROVINCE COUNTRY:   	A6
		ZIP:			M5J 2T3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DRC RESOURCES CORP                                      /FI
		DATE OF NAME CHANGE:	19860904
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>eh250704419_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Form 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left">For the month of November 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Commission File Number 001-31722</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><IMG SRC="logo.jpg" ALT="" STYLE="width: 180px; height: 53px"></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>New Gold Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Suite 3320 &ndash; 181 Bay Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Toronto, Ontario M5J 2T3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Canada</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Form 20-F <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT>&nbsp;Form
40-F <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9746;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INCORPORATION BY REFERENCE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Exhibit 99.1 of this Form 6-K is incorporated by reference as an additional
exhibit to the registrant&rsquo;s Registration Statement on <A HREF="https://www.sec.gov/Archives/edgar/data/800166/000110465924060520/tm2413902d1_f10.htm">Form F-10 (File No. 333-279369)</A>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DOCUMENTS FILED AS PART OF THIS FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 8pt; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Exhibit</B></FONT></TD>
    <TD STYLE="width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 88%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><A HREF="eh250704419_ex9901.htm">Material Change Report dated November 12, 2025</A></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">99.2</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><A HREF="eh250704419_ex9902.htm">Arrangement Agreement dated November 2, 2025</A></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">99.3</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><A HREF="eh250704419_ex9903.htm">Form of New Gold Inc. Voting Support Agreement</A></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>NEW GOLD INC.</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Sean Keating</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Date:&nbsp;November 12, 2025</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Sean Keating</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Vice President, General Counsel and Corporate Secretary</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">&nbsp;</P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>eh250704419_ex9901.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-transform: uppercase; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-transform: uppercase; text-align: right">EXHIBIT 99.1</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 12pt; text-transform: uppercase; text-align: center">Form 51-102F3</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-transform: uppercase; text-align: center">Material Change
Report<BR>
National Instrument 51-102</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">ITEM 1</TD><TD>Name and Address of Company</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in">New Gold Inc. (&#8220;<B>New Gold</B>&#8221; or the &#8220;<B>Company</B>&#8221;)<BR>
Brookfield Place</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in">181 Bay Street, Suite 3320</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in">Toronto, Ontario M5J 2T3</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">ITEM 2</TD><TD>Date of Material Change</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in">November 2, 2025</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">ITEM 3</TD><TD>News Release</TD></TR></TABLE>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">A joint
news release relating to the material change referred to in this report was issued prior to market open on Monday, November 3, 2025 through
Cision and filed on the System for Electronic Document Analysis and Retrieval Plus (&#8220;</FONT>SEDAR+<FONT STYLE="font-weight: normal">&#8221;),
under New Gold&#8217;s issuer profile at www.sedarplus.ca, on November 3, 2025.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">ITEM 4</TD><TD>Summary of Material Change</TD></TR></TABLE>



<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">On
November 2, 2025, New Gold entered into a definitive arrangement agreement (the &ldquo;</FONT>Arrangement Agreement<FONT STYLE="font-weight: normal">&rdquo;)
with Coeur Mining, Inc. (&ldquo;</FONT>Coeur<FONT STYLE="font-weight: normal">&rdquo;) and 1561611 B.C. Ltd. (the &ldquo;</FONT>Purchaser<FONT STYLE="font-weight: normal">&rdquo;),
a wholly-owned subsidiary of Coeur, which provides for the acquisition by the Purchaser of all of the issued and outstanding common shares
of New Gold (the &ldquo;</FONT>New Gold Common Shares<FONT STYLE="font-weight: normal">&rdquo;) pursuant to a court-approved plan of
arrangement (the&nbsp;&ldquo;</FONT>Transaction<FONT STYLE="font-weight: normal">&rdquo;). Under the terms of the Transaction, New Gold
shareholders will receive 0.4959 shares of common stock of Coeur (each whole share, a &ldquo;</FONT>Coeur Share<FONT STYLE="font-weight: normal">&rdquo;)
for each New Gold Common Share held. </FONT></P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">ITEM 5</TD><TD>Full Description of Material Change</TD></TR></TABLE>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal"><I>All dollar
amounts are shown in United States dollars, unless otherwise indicated.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in">On November 2, 2025, New Gold entered into
the Arrangement Agreement, pursuant to which the Purchaser has agreed to acquire all of the New Gold Common Shares, on the terms and
subject to the conditions set out in the Arrangement Agreement and subject to satisfaction of certain closing conditions. The Transaction
will be effected by way of a plan of arrangement under the <I>Business Corporations Act</I> (British Columbia) (the &ldquo;<B>Plan of
Arrangement</B>&rdquo;).</P>



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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0pt 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal"><I>Consideration</I></FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">On
the terms and subject to the conditions set forth in the Arrangement Agreement, at the times contemplated in the Plan of Arrangement,
the Purchaser will acquire all of the New Gold Common Shares. Each New Gold shareholder (other than in respect of New Gold Common Shares
held by Coeur or the Purchaser, and New Gold shareholders who validly exercise dissent rights in connection with the Arrangement) will
receive 0.4959 Coeur Shares (the &ldquo;Exchange Ratio&rdquo;) in exchange for each New Gold Common Share they hold (such transaction,
the &ldquo;Arrangement&rdquo;). Upon completion of the Transaction, existing Coeur stockholders and New Gold shareholders will own approximately
62% and 38% of the outstanding common stock of the combined company, respectively.</FONT></P>


<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">Each
option to purchase New Gold Common Shares (a &#8220;</FONT>New Gold Option<FONT STYLE="font-weight: normal">&#8221;) outstanding immediately
prior to the effective time of the Arrangement (the &#8220;</FONT>Effective Time<FONT STYLE="font-weight: normal">&#8221;) shall be fully
vested and cancelled in exchange for a cash payment from New Gold in an amount equal to (a) the product of (i) the number of New Gold
Common Shares for which such New Gold Options may be exercised; and (ii) the volume weighted average share price of the New Gold Common
Shares on the Toronto Stock Exchange (&#8220;</FONT>TSX<FONT STYLE="font-weight: normal">&#8221;) (during continuous trading hours) for
the five trading days ending on the third business day prior to the date of closing of the Arrangement (the &#8220;</FONT>Closing Date<FONT STYLE="font-weight: normal">&#8221;),
less (b) its exercise price. </FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">All
deferred share units of New Gold (&#8220;</FONT>New Gold DSUs<FONT STYLE="font-weight: normal">&#8221;) shall be fully vested in exchange
for a cash payment from New Gold, to be calculated in accordance with the terms of the deferred share unit plan of New Gold effective
May 6, 2010, as amended (except that the calculation of the amounts payable shall be determined as at the third business day prior to
the Closing Date). </FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">All performance share units of New Gold (&ldquo;New Gold PSUs&rdquo;) shall be fully vested in exchange for a cash payment from New Gold,
to be calculated in accordance with the terms of the long term incentive plan of New Gold effective February 19, 2025 (the &ldquo;New
Gold LTIP&rdquo;) immediately prior to the Effective Time (except that the calculation of the amounts payable shall be determined as
at the third business day prior to the Closing Date), provided that (a) the vesting multiplier applicable to all calculation periods
ending on or prior to the third business day prior to the Closing Date for each New Gold PSU shall be determined based on the terms of
the New Gold LTIP; and (b) the vesting multiplier applicable to all calculation periods ending after the third business day prior to
the Closing Date for each New Gold PSU shall be (i) 100%, in the case of New Gold employees who are employed by Coeur, New Gold or any
of their respective subsidiaries following the Effective Time (&ldquo;Continuing Employees&rdquo;)&#894; or (ii) 150% in the case of
New Gold employees whose employment with New Gold or any of its subsidiaries is terminated at or immediately prior to the Effective Time
(&ldquo;Non-Continuing Employees&rdquo;). </FONT></P>


<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">All
restricted share units of New Gold (&#8220;</FONT>New Gold RSUs<FONT STYLE="font-weight: normal">&#8221;, and together with the New Gold
Options, New Gold DSUs and New Gold PSUs, the &#8220;</FONT>New Gold Equity Awards<FONT STYLE="font-weight: normal">&#8221;) shall be
treated as follows: (a) New Gold RSUs held by Non-</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in">Continuing Employees will be fully vested pursuant to, and redeemed
for cash in accordance with, the terms of the New Gold LTIP (except that the calculation of the amounts payable shall be determined as
at the third business day prior to the Closing Date)&#894; and (b) New Gold RSUs held by Continuing Employees shall be (i) amended by
multiplying each such New Gold RSU by the Exchange Ratio, and thereafter, the holder thereof shall be entitled to the number of New Gold
RSUs equal to the product of such amendment (the &#8220;<B>Revised New Gold RSUs</B><FONT STYLE="font-weight: normal">&#8221;)&#894;
(ii) upon the vesting of such Revised New Gold RSUs following the Effective Time, each such Revised New Gold RSU shall entitle the holder
thereof to receive a payment in cash, in accordance with the terms of the New Gold LTIP, with reference to the trading price of the Coeur
Shares rather than the New Gold Common Shares; and (iii) such Revised New Gold RSUs shall remain outstanding and governed by the terms
of the New Gold LTIP and any document evidencing the New Gold RSUs (subject to amendments as contemplated in the Arrangement Agreement).</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal"><I>Governance</I></FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">The
Arrangement Agreement provides that, on the terms and subject to the conditions set forth therein, at the Effective Time, two members
of the New Gold board of directors will join the Coeur board of directors (the &#8220;</FONT>New Gold Director Nominees<FONT STYLE="font-weight: normal">&#8221;),
and at the next annual general meeting of Coeur held to consider the election of directors that occurs following the Effective Time, each
of the New Gold Director Nominees shall be nominated by Coeur for election as a director of Coeur. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal"><I>Conditions
to the Arrangement</I></FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">The
closing of the Arrangement is subject to certain conditions, including, among others, (a) the approval of the Arrangement by at least
66&#8532;% of the votes cast by New Gold shareholders, voting together as a single class, and, to the extent required by Multilateral
Instrument 61-101 &#8211; <I>Protection of Minority Security Holders in Special Transactions of the Canadian Securities Administrators
</I>(&#8220;</FONT>MI 61-101<FONT STYLE="font-weight: normal">&#8221;), a simple majority of the votes cast by New Gold shareholders,
excluding New Gold Common Shares held by persons required to be excluded under MI 61-101 (collectively, the &#8220;</FONT>New Gold Shareholder
Approval<FONT STYLE="font-weight: normal">&#8221;), at a meeting of New Gold shareholders (the &#8220;</FONT>New Gold Shareholder Meeting<FONT STYLE="font-weight: normal">&#8221;);
(b) the approval of (i) the issuance of Coeur Shares in connection with the Arrangement (the &#8220;</FONT>Coeur Stock Issuance<FONT STYLE="font-weight: normal">&#8221;),
and (ii) the amendment of the Coeur certificate of incorporation (the &#8220;</FONT>Coeur Charter<FONT STYLE="font-weight: normal">&#8221;)
to increase the number of authorized Coeur Shares (the &#8220;</FONT>Charter Amendment<FONT STYLE="font-weight: normal">&#8221;) (collectively,
the &#8220;</FONT>Coeur Stockholder Approval<FONT STYLE="font-weight: normal">&#8221;), in each case by the affirmative vote of Coeur
stockholders required by the Coeur Charter and the Delaware General Corporation Law at a meeting of Coeur stockholders (the &#8220;</FONT>Coeur
Stockholder Meeting<FONT STYLE="font-weight: normal">&#8221;); (c) the approval of the Arrangement by the Supreme Court of British Columbia
on terms consistent with the Arrangement Agreement and otherwise reasonably satisfactory to the parties; (d) the authorization for listing
of the Coeur Shares issuable pursuant to the Arrangement Agreement on the NYSE and TSX; (e) the absence of any law or order prohibiting
the consummation of the Arrangement; and (f) the receipt of regulatory approvals from the National Antitrust Commission of Mexico (Comisi&oacute;n
Nacional Antimonopolio) and under the <I>Competition Act</I> (Canada) and <I>Investment Canada Act</I> (Canada) (collectively, the &#8220;<B>Regulatory Approvals</B><FONT STYLE="font-weight: normal">&#8221;). </FONT></FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">The obligation
of each party to consummate the Arrangement is also conditioned upon (a) the other party&#8217;s representations and warranties being
true and correct (generally subject to certain materiality thresholds); (b) the other party having performed in all material respects
its obligations under the Arrangement Agreement; and (c) the absence of a material adverse effect in respect of the other party.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal"><I>Termination
Rights</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">The Arrangement
Agreement contains certain termination rights for both Coeur and New Gold, including, among others, (a) mutual consent by Coeur and New
Gold; (b) by either Coeur or New Gold if (i) the Arrangement shall not have been consummated on or prior to May 15, 2026 (which date,
if the Regulatory Approvals have not been obtained and all other conditions to the closing of the Arrangement have been satisfied or waived
on such date, will be automatically extended to August 15, 2026), or (ii) a final non-appealable law has been enacted, made or enforced
prohibiting the Arrangement; (c) by either Coeur or New Gold if either the New Gold Shareholder Approval or Coeur Stockholder Approval
shall not have been obtained; (d) by a party if the other party breaches any of its representations, warranties or covenants in the Arrangement
Agreement in a manner that would cause the corresponding condition to not be satisfied, subject to certain conditions; (e) by a party
if the other party&#8217;s board of directors changes its recommendation with respect to the Arrangement; (f) by a party if the other
party materially breaches its non-solicitation covenants under the Arrangement Agreement; or (g) by a party in order for such party to
enter into a definitive agreement with respect to a superior competing business combination transaction (provided that such party has
not materially breached the applicable non-solicitation restrictions), subject to payment of a termination fee.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">If the Arrangement
Agreement is terminated in certain specified circumstances, Coeur or New Gold would be required to pay the other party a termination fee
of $413,705,000 and $254,725,000, respectively. In addition, in certain circumstances, the terminating party shall reimburse the other
party in respect of the reasonable and documented expenses of such party&#8217;s third party representatives incurred in respect of the
Arrangement and the Arrangement Agreement up to a maximum amount of $33,965,000. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal"><I>Other
Terms of the Arrangement Agreement</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">Coeur and
New Gold each have made customary representations, warranties and covenants in the Arrangement Agreement for a transaction of this nature,
in each case generally subject to customary materiality qualifiers. Among other things, each party has agreed, subject to certain exceptions,
(a) to conduct its business in the ordinary course, from the date of the Arrangement Agreement until the earlier of the Effective Time
and the termination of the Arrangement Agreement, and not to take certain actions prior to the Effective Time without the prior written
consent of the other party; (b) not to solicit alternative business</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in">combination transactions; and (c) to convene meetings of
its respective shareholders for the purpose of obtaining the Coeur Stockholder Approval or New Gold Shareholder Approval, as applicable,
and recommend to its respective shareholders to approve the Coeur Stock Issuance and Charter Amendment or the Arrangement, as applicable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal"><I>Voting
Agreements</I></FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">In connection
with the execution of the Arrangement Agreement, Coeur has entered into a voting and support agreement (each, a &#8220;</FONT>Coeur Voting
Agreement<FONT STYLE="font-weight: normal">&#8221;) with each of the directors and certain senior officers of New Gold, who collectively
hold approximately 0.1% of the outstanding New Gold Common Shares, and New Gold has entered into a voting and support agreement (each,
a &#8220;</FONT>New Gold Voting Agreement<FONT STYLE="font-weight: normal">&#8221; and together with the Coeur Voting Agreements, the
&#8220;</FONT>Voting Agreements<FONT STYLE="font-weight: normal">&#8221;) with each of the directors and certain senior officers of Coeur,
who collectively hold approximately 1.5% of the outstanding Coeur Shares. Each Voting Agreement provides that the signatories thereto
will, subject to limited exceptions, vote their shares in favour of adopting the Arrangement Agreement and approving the Coeur Stock Issuance
and Charter Amendment, as applicable, and against any alternative business combination transaction. Each Voting Agreement terminates upon
the earliest to occur of (a) the Effective Time; (b) the date the Arrangement Agreement is terminated in accordance with its terms; and
(c) the completion of the Coeur Stockholder Meeting or New Gold Shareholder Meeting, as applicable.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal"><I>Special
Committee Recommendation</I></FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">The
Transaction was reviewed and overseen by a special committee of independent directors of New Gold (the &#8220;</FONT>Special Committee<FONT STYLE="font-weight: normal">&#8221;).
The board of directors of New Gold (the &#8220;</FONT>Board<FONT STYLE="font-weight: normal">&#8221;), on the unanimous recommendation
of the Special Committee, in consultation with its financial and legal advisors, and following consideration of a number of factors, unanimously
determined that the Transaction is fair to New Gold shareholders and is in the best interest of New Gold. The Board has unanimously approved
the Transaction and recommends that New Gold shareholders vote in favour of the Transaction at the New Gold Shareholder Meeting.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">In connection
with their review, determinations and resolutions, the Special Committee and the Board received an opinion from CIBC World Markets Inc.
and National Bank Financial Inc., respectively, to the effect that, as of the date thereof, and based upon and subject to the assumptions,
limitations and qualifications stated in each such opinion, the consideration to be received by New Gold shareholders is fair, from a
financial point of view, to the shareholders of New Gold.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal"><I>Closing</I></FONT></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in; text-indent: 0in"><FONT STYLE="font-weight: normal">The Transaction
is expected to close in the first half of 2026, subject to receipt of the Regulatory Approvals and court and shareholder approvals, and
the satisfaction or waiver of all conditions to closing set out in the Arrangement Agreement. Following the closing of the Transaction,
New Gold will apply to have the New Gold Common Shares delisted from the TSX and NYSE American and apply to terminate its reporting issuer
status under Canadian securities laws. In connection with the Transaction, Coeur intends to apply to list the Coeur Shares on the TSX.</FONT></P>



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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0pt 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in">The foregoing description of the Transaction, the Arrangement
Agreement and Voting Agreements does not purport to be complete and is subject to, and qualified in its entirety by, the full text of
the Arrangement Agreement and the Voting Agreements. Copies of the Arrangement Agreement and the forms of Voting Agreements have been
publicly filed by New Gold under its issuer profile on SEDAR+ at www.sedarplus.ca. Additional details regarding the terms and conditions
of the Transaction, the background to the Transaction and the rationale for the recommendation made by the Special Committee and the Board
will be set out in the management information circular to be mailed to the holders of New Gold Common Shares in connection with the New
Gold Shareholder Meeting and filed by New Gold under its issuer profile on SEDAR+ at www.sedarplus.ca.</P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">ITEM 6</TD><TD>Reliance on subsection 7.1(2) of National Instrument 51-102</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in">Not applicable.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">ITEM 7</TD><TD>Omitted Information</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in">None.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">ITEM 8</TD><TD>Executive Officer</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in">For further information, please contact:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in"><B>New Gold Inc.<BR>
</B>Sean Keating, Vice President, General Counsel and Corporate Secretary<BR>
(416) 324-6000</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">ITEM 9</TD><TD>Date of Report</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 1in">November 12, 2025</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt"><B>Cautionary Note Regarding Forward-looking Information</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt"><I>This material change report contains certain statements that constitute
&#8220;forward-looking information&#8221; within the meaning of applicable Canadian securities legislation and &#8220;forward-looking
statements&#8221; within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are not representative of historical facts or information or current condition, but instead represent
only the beliefs of the Company regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain
and outside of New Gold&#8217;s control, including, specifically, statements regarding the anticipated benefits of the Arrangement
for the Company; anticipated timing of the New Gold Shareholder Meeting and Coeur Stockholder Meeting, including the date of, and mailing
of the circular in connection with the New Gold Shareholder Meeting, and of the completion of the Arrangement; the treatment, vesting,
redemption and cancellation, as applicable, of the New Gold Equity Awards; the nomination of the New Gold Director Nominees to Coeur&#8217;s
board of directors; the ability of New Gold to realize any rights upon termination of the Arrangement Agreement, including the payment
of a termination fee; receipt and anticipated effects of court and Regulatory Approvals; and the delisting of New Gold Common Shares from
applicable stock exchanges. Generally, such forward-looking statements can be identified by the use of forward-looking terminology such as &#8220;could&#8221;,
&#8220;intend&#8221;, &#8220;expect&#8221;, &#8220;believe&#8221;, &#8220;will&#8221;, &#8220;projected&#8221;, &#8220;planned&#8221;,
&#8220;estimated&#8221;, &#8220;soon&#8221;, &#8220;potential&#8221;, &#8220;anticipate&#8221; or variations of such words.</I></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt"><I>New Gold cautions the reader that such forward-looking statements
are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from
those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking
statements contained in this material change report, New Gold has made certain assumptions, including the ability of the parties to receive,
in a timely manner and on satisfactory terms, the necessary Regulatory Approvals and court and shareholder approvals; the ability of the
parties to satisfy, in a timely manner, the other conditions for the completion of the Arrangement, and other expectations and assumptions
concerning the proposed Arrangement. The anticipated dates indicated may change for a number of reasons, including the necessary Regulatory
Approvals, shareholder and court approvals, the necessity to extend the time limits for satisfying the other conditions for the completion
of the proposed Arrangement or the ability of the board of directors of New Gold to consider and approve, subject to compliance by New
Gold of its obligations under the Arrangement Agreement, a superior proposal for the Company. Among the key factors that could cause actual
results to differ materially from those projected in the forward-looking financial information and statements are the following: the failure
of the parties to obtain the necessary Regulatory Approvals and shareholder and court approvals or to otherwise satisfy the conditions
for the completion of the Arrangement; failure of the parties to obtain such approvals or satisfy such conditions in a timely manner;
significant transaction costs or unknown liabilities; the ability of the board of directors of New Gold to consider and approve, subject
to compliance by the Company with its obligations under the Arrangement Agreement, a superior proposal for the Company; the failure to
realize the expected benefits of the Arrangement; the effect of the announcement of the Arrangement on the ability of the Company to retain
and hire key personnel and maintain business relationships with customers, suppliers and others with whom they each do business, or on
the Company&#8217;s operating results; the market price of New Gold Common Shares and business generally; potential legal proceedings
relating to the Arrangement and the outcome of any such legal proceeding; the inherent risks, costs and uncertainties associated with
business integration and risks of not achieving all or any of the anticipated benefits of the Arrangement, or the risk that the anticipated
benefits of the Arrangement may not be fully realized or take longer to realize than expected; the occurrence of any event, change or
other circumstances that could give rise to the termination of the Arrangement Agreement and general economic conditions. Failure to obtain
the necessary shareholder, regulatory and court approvals, or the failure of the parties to otherwise satisfy the conditions for the completion
of the Arrangement or to complete the Arrangement, may result in the Arrangement not being completed on the proposed terms or at all.
In addition, if the Arrangement is not completed, and New Gold continues as an independent entity, there are risks that the announcement
of the Arrangement and the dedication of resources by New Gold to the completion of the Arrangement could have an impact on its business
and strategic relationships, including with future and prospective employees, customers, suppliers and partners, operating results and
activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects.
</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt"><I>These risks are not intended to represent a complete list of the
factors that could affect the Company; however, these factors should be considered carefully. Should one or more of these risks, uncertainties
or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results
may vary materially from those described herein. The impact of any one assumption, risk, uncertainty, or other factor on a particular
forward-looking statement cannot be determined with certainty because they are interdependent and the Company&#8217;s future decisions and actions
will depend on management&#8217;s assessment of all information at the relevant time.</I></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt"><I>A more fulsome description of risk factors that may impact business,
financial condition and results of operation with respect to New Gold is set out in its annual information form for the year ended December
31, 2024, available on its SEDAR+ issuer profile at <U>www.sedarplus.ca</U>. Although New Gold believes that the assumptions and factors
used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should
not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and
statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information
and statements. </I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><I>The forward-looking information and forward-looking statements
contained in this material change report are made as of the date of this material change report, and the Company does not undertake to
update any forward-looking information or forward-looking statements that are contained or referenced herein, except in accordance with
applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to New Gold or persons
acting on its behalf are expressly qualified in their entirety by this notice.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>


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<FILENAME>eh250704419_ex9902.htm
<DESCRIPTION>EXHIBIT 99.2
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<P STYLE="text-align: right; margin: 0"><B>EXHIBIT 99.2</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="margin: 0; text-align: right"><B>Execution Copy&nbsp;</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
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    <TD STYLE="padding-top: 2pt; width: 100%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; padding-bottom: 2pt"><B>ARRANGEMENT AGREEMENT</B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-align: center"><B>AMONG</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-align: center"><B>COEUR MINING, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-align: center"><B>AND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-align: center"><B>NEW GOLD INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-align: center"><B>AND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-align: center"><B>1561611 B.C. LTD.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-align: center"><B>November 2, 2025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>TABLE OF CONTENTS</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 75%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center"><B>Page</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD COLSPAN="2"><B>ARTICLE 1 INTERPRETATION</B></TD>
    <TD STYLE="text-align: right"><B>2</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">1.1</TD>
    <TD>Definitions</TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">1.2</TD>
    <TD>Interpretation Not Affected by Headings</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">1.3</TD>
    <TD>Number and Gender</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">1.4</TD>
    <TD>Calculation of Time</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">1.5</TD>
    <TD>Date for Any Action</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">1.6</TD>
    <TD>Currency</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">1.7</TD>
    <TD>Accounting Matters</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">1.8</TD>
    <TD>Statutory References</TD>
    <TD STYLE="text-align: right">26</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">1.9</TD>
    <TD>Knowledge</TD>
    <TD STYLE="text-align: right">27</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">1.10</TD>
    <TD>Company Disclosure Letter</TD>
    <TD STYLE="text-align: right">27</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">1.11</TD>
    <TD>Parent Disclosure Letter</TD>
    <TD STYLE="text-align: right">27</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">1.12</TD>
    <TD>Schedules</TD>
    <TD STYLE="text-align: right">27</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD COLSPAN="2"><B>ARTICLE 2 THE ARRANGEMENT</B></TD>
    <TD STYLE="text-align: right"><B>27</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">2.1</TD>
    <TD>Arrangement</TD>
    <TD STYLE="text-align: right">27</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">2.2</TD>
    <TD>Approvals</TD>
    <TD STYLE="text-align: right">28</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">2.3</TD>
    <TD>Interim Order</TD>
    <TD STYLE="text-align: right">29</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">2.4</TD>
    <TD>Company Meeting</TD>
    <TD STYLE="text-align: right">30</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">2.5</TD>
    <TD>Parent Meeting</TD>
    <TD STYLE="text-align: right">32</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">2.6</TD>
    <TD>Preparation of Company Circular and the Parent Proxy Statement</TD>
    <TD STYLE="text-align: right">33</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">2.7</TD>
    <TD>Final Order</TD>
    <TD STYLE="text-align: right">37</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">2.8</TD>
    <TD>Court Proceedings</TD>
    <TD STYLE="text-align: right">37</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">2.9</TD>
    <TD>U.S. Securities Law Matters</TD>
    <TD STYLE="text-align: right">37</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">2.10</TD>
    <TD>Treatment of Company Incentive Awards</TD>
    <TD STYLE="text-align: right">39</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">2.11</TD>
    <TD>Effective Date</TD>
    <TD STYLE="text-align: right">40</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">2.12</TD>
    <TD>Payment of Consideration</TD>
    <TD STYLE="text-align: right">41</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">2.13</TD>
    <TD>Announcement and Shareholder Communications</TD>
    <TD STYLE="text-align: right">41</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">2.14</TD>
    <TD>Withholding Taxes</TD>
    <TD STYLE="text-align: right">42</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">2.15</TD>
    <TD>U.S. Tax Matters</TD>
    <TD STYLE="text-align: right">42</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">2.16</TD>
    <TD>List of Shareholders</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">2.17</TD>
    <TD>Governance</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="2"><B>ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF THE COMPANY</B></TD>
    <TD STYLE="text-align: right"><B>43</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">3.1</TD>
    <TD>Representations and Warranties</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">3.2</TD>
    <TD>Survival of Representations and Warranties</TD>
    <TD STYLE="text-align: right">71</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="2"><B>ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF THE PARENT AND THE PURCHASER</B></TD>
    <TD STYLE="text-align: right"><B>72</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">4.1</TD>
    <TD>Representations and Warranties</TD>
    <TD STYLE="text-align: right">72</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">4.2</TD>
    <TD>Survival of Representations and Warranties</TD>
    <TD STYLE="text-align: right">96</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="2"><B>ARTICLE 5 COVENANTS</B></TD>
    <TD STYLE="text-align: right"><B>97</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">5.1</TD>
    <TD>Covenants of the Company Regarding the Conduct of Business</TD>
    <TD STYLE="text-align: right">97</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">5.2</TD>
    <TD>Covenants of the Company Relating to the Arrangement</TD>
    <TD STYLE="text-align: right">102</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in; width: 15%">5.3</TD>
    <TD STYLE="width: 75%">Covenants of the Company Regarding the TSX and NYSE American Delisting</TD>
    <TD STYLE="text-align: right; width: 10%">104</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">5.4</TD>
    <TD>Covenants of the Parent Regarding the Conduct of Business</TD>
    <TD STYLE="text-align: right">104</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">5.5</TD>
    <TD>Covenants Relating to the Consideration Shares</TD>
    <TD STYLE="text-align: right">107</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">5.6</TD>
    <TD>Covenants Relating to TSX Listing</TD>
    <TD STYLE="text-align: right">107</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">5.7</TD>
    <TD>Covenants of the Parent Regarding Blue-Sky Laws</TD>
    <TD STYLE="text-align: right">107</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">5.8</TD>
    <TD>Covenants of the Parent Relating to the Arrangement</TD>
    <TD STYLE="text-align: right">107</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">5.9</TD>
    <TD>Indebtedness</TD>
    <TD STYLE="text-align: right">108</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">5.10</TD>
    <TD>Regulatory Approvals</TD>
    <TD STYLE="text-align: right">109</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">5.11</TD>
    <TD>Resignations</TD>
    <TD STYLE="text-align: right">112</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">5.12</TD>
    <TD>Employee Matters</TD>
    <TD STYLE="text-align: right">112</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">5.13</TD>
    <TD>Pre-Acquisition Reorganization</TD>
    <TD STYLE="text-align: right">114</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">5.14</TD>
    <TD>Filings</TD>
    <TD STYLE="text-align: right">115</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">5.15</TD>
    <TD>Access to Information; Confidentiality</TD>
    <TD STYLE="text-align: right">115</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">5.16</TD>
    <TD>Insurance and Indemnification</TD>
    <TD STYLE="text-align: right">116</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">5.17</TD>
    <TD>Parent Charter Amendment</TD>
    <TD STYLE="text-align: right">117</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD COLSPAN="2"><B>ARTICLE 6 CONDITIONS</B></TD>
    <TD STYLE="text-align: right"><B>117</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">6.1</TD>
    <TD>Mutual Conditions Precedent</TD>
    <TD STYLE="text-align: right">117</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">6.2</TD>
    <TD>Additional Conditions Precedent to the Obligations of the Parent and Purchaser</TD>
    <TD STYLE="text-align: right">118</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">6.3</TD>
    <TD>Additional Conditions Precedent to the Obligations of the Company</TD>
    <TD STYLE="text-align: right">119</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">6.4</TD>
    <TD>Satisfaction of Conditions</TD>
    <TD STYLE="text-align: right">120</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD COLSPAN="2"><B>ARTICLE 7 ADDITIONAL AGREEMENTS OF THE COMPANY REGARDING ACQUISITION PROPOSALS</B></TD>
    <TD STYLE="text-align: right"><B>120</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">7.1</TD>
    <TD>Non-Solicitation by the Company</TD>
    <TD STYLE="text-align: right">120</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">7.2</TD>
    <TD>Notification of Acquisition Proposals</TD>
    <TD STYLE="text-align: right">122</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">7.3</TD>
    <TD>Responding to Acquisition Proposals</TD>
    <TD STYLE="text-align: right">122</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">7.4</TD>
    <TD>Superior Proposals and Right to Match</TD>
    <TD STYLE="text-align: right">123</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD COLSPAN="2"><B>ARTICLE 8 ADDITIONAL AGREEMENTS OF THE PARENT REGARDING ACQUISITION PROPOSALS</B></TD>
    <TD STYLE="text-align: right"><B>125</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">8.1</TD>
    <TD>Non-Solicitation by the Parent</TD>
    <TD STYLE="text-align: right">125</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">8.2</TD>
    <TD>Notification of Acquisition Proposals</TD>
    <TD STYLE="text-align: right">127</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">8.3</TD>
    <TD>Responding to Acquisition Proposals</TD>
    <TD STYLE="text-align: right">127</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">8.4</TD>
    <TD>Superior Proposals and Right to Match</TD>
    <TD STYLE="text-align: right">128</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD COLSPAN="2"><B>ARTICLE 9 TERM, TERMINATION, AMENDMENT AND WAIVER</B></TD>
    <TD STYLE="text-align: right"><B>130</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">9.1</TD>
    <TD>Term</TD>
    <TD STYLE="text-align: right">130</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">9.2</TD>
    <TD>Termination</TD>
    <TD STYLE="text-align: right">130</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">9.3</TD>
    <TD>Notice and Cure</TD>
    <TD STYLE="text-align: right">133</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">9.4</TD>
    <TD>Termination Payments</TD>
    <TD STYLE="text-align: right">133</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">9.5</TD>
    <TD>Amendment</TD>
    <TD STYLE="text-align: right">137</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">9.6</TD>
    <TD>Waiver</TD>
    <TD STYLE="text-align: right">137</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD COLSPAN="2"><B>ARTICLE 10 GENERAL PROVISIONS</B></TD>
    <TD STYLE="text-align: right"><B>138</B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">10.1</TD>
    <TD>Privacy</TD>
    <TD STYLE="text-align: right">138</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">10.2</TD>
    <TD>Notices</TD>
    <TD STYLE="text-align: right">138</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in; width: 15%">10.3</TD>
    <TD STYLE="width: 75%">Governing Law; Waiver of Jury Trial</TD>
    <TD STYLE="text-align: right; width: 10%">140</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">10.4</TD>
    <TD>Injunctive Relief</TD>
    <TD STYLE="text-align: right">140</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">10.5</TD>
    <TD>Entire Agreement, Binding Effect</TD>
    <TD STYLE="text-align: right">140</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">10.6</TD>
    <TD>No Liability</TD>
    <TD STYLE="text-align: right">140</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">10.7</TD>
    <TD>Further Assurances</TD>
    <TD STYLE="text-align: right">141</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">10.8</TD>
    <TD>Assignment and Enurement</TD>
    <TD STYLE="text-align: right">141</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">10.9</TD>
    <TD>Severability</TD>
    <TD STYLE="text-align: right">141</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-left: 0.2in">10.10</TD>
    <TD>No Third Party Beneficiaries</TD>
    <TD STYLE="text-align: right">141</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(198,244,249)">
    <TD STYLE="padding-left: 0.2in">10.11</TD>
    <TD>Counterparts, Execution</TD>
    <TD STYLE="text-align: right">142</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; text-align: left">Schedules:</TD>
    <TD STYLE="width: 4%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 76%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Schedule&nbsp;A</TD>
    <TD STYLE="text-align: left">-</TD>
    <TD STYLE="text-align: left">Plan of Arrangement</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Schedule&nbsp;B</TD>
    <TD STYLE="text-align: left">-</TD>
    <TD STYLE="text-align: left">Arrangement Resolution</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Schedule&nbsp;C</TD>
    <TD STYLE="text-align: left">-</TD>
    <TD STYLE="text-align: left">Form of Parent Charter Amendment</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Schedule&nbsp;D</TD>
    <TD STYLE="text-align: left">-</TD>
    <TD STYLE="text-align: left">Form of Resignation and Mutual Release</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Schedule&nbsp;E</TD>
    <TD STYLE="text-align: left">-</TD>
    <TD STYLE="text-align: left">Form of Company Voting Agreement</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Schedule&nbsp;F</TD>
    <TD STYLE="text-align: left">-</TD>
    <TD STYLE="text-align: left">Form of Parent Voting Agreement</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 76.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 76.5pt"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><U>ARRANGEMENT AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left"><B>THIS ARRANGEMENT AGREEMENT</B> dated
November 2, 2025,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>BY AND AMONG:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left"><B>COEUR MINING, INC.</B>, a corporation existing
under the laws of the State of Delaware (the &#8220;<B>Parent</B>&#8221;),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">- and -</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left"><B>1561611 B.C. LTD.</B>, a corporation existing
under the laws of the Province of British Columbia (&#8220;<B>Purchaser</B>&#8221;),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left; text-indent: 0.5in">- and -</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left"><B>NEW GOLD INC.</B>, a corporation existing
under the laws of the Province of British Columbia (the &#8220;<B>Company</B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>RECITALS:</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">A.</TD><TD STYLE="text-align: left">The Parent and the Purchaser desire to acquire all of the outstanding Company Shares pursuant to the Arrangement
as provided in this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">B.</TD><TD STYLE="text-align: left">The Parties intend to carry out the transactions contemplated herein by way of a plan of arrangement under
the provisions of the <I>Business Corporations Act</I> (British Columbia).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left">C.</TD><TD>The Special Committee, after receiving financial and legal advice
and the Company Fairness Opinions, has unanimously determined that the Arrangement is fair to the Company Shareholders and in the best
interests of the Company and recommended to the Company Board that the Company Board (a) approve this Agreement and the Arrangement,
and (b) recommend that the Company Shareholders vote in favour of the Arrangement Resolution.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left">D.</TD><TD>The Company Board, after receiving financial and legal advice
and the Company Fairness Opinions and upon the recommendation of the Special Committee, has unanimously (a)&nbsp;determined that the
Arrangement is fair to the Company Shareholders and in the best interests of the Company, and (b)&nbsp;resolved to recommend that the
Company Shareholders vote in favour of the Arrangement Resolution.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left">E.</TD><TD>The Parent Board, after evaluating the Arrangement, in consultation
with Parent&#8217;s management and legal and financial advisors, has unanimously (a) determined that the Arrangement is advisable and
fair to, and in the best interests of the Parent and the Parent Stockholders, (b) determined it advisable for the Parent Stockholders
to approve an amendment to the certificate of incorporation of Parent, substantially in the form of Schedule C (the &#8220;<B>Parent
Charter Amendment</B>&#8221;) to effect an increase to the number of authorized shares of common stock, par value $0.01 per share, of
Parent (the &#8220;<B>Parent Shares</B>&#8221;), and (c) resolved to recommend that the Parent Stockholders vote in favor of the Parent
Charter Amendment and the issuance of the Parent Shares, pursuant to this</TD>
</TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">Agreement as contemplated by, and subject
to the terms and conditions set forth in, this Agreement (the &#8220;<B>Parent Stock Issuance</B>&#8221;).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">F.</TD><TD STYLE="text-align: left">The Purchaser Board has unanimously determined that the Arrangement is fair and reasonable to the sole
shareholder of the Purchaser.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">G.</TD><TD STYLE="text-align: left">The Parties intend that the issuance of the Consideration Shares be exempt from the registration requirements
of the U.S. Securities Act pursuant to section 3(a)(10) thereof.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">H.</TD><TD STYLE="text-align: left">The Parent has received duly executed Company Voting Agreements from certain of the Company Shareholders,
substantially in the form of Schedule&nbsp;E.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">I.</TD><TD STYLE="text-align: left">The Company has received duly executed Parent Voting Agreements from certain of the Parent Stockholders,
substantially in the form of Schedule&nbsp;F.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>THIS AGREEMENT WITNESSES THAT</B> in consideration
of the covenants and agreements herein contained and other good and valuable consideration (the receipt and sufficiency of which are hereby
acknowledged), the Parties hereto covenant and agree as follows:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;1<BR>
INTERPRETATION</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.1</TD><TD STYLE="text-align: left">Definitions</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">In this Agreement, unless the context otherwise
requires:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Accelerated RSUs</B>&#8221;
has the meaning ascribed thereto in Section 2.10(e);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Acquisition Proposal</B>&#8221;
means, in respect of a Party, other than the transactions contemplated by this Agreement, any offer, proposal or inquiry from any Person
or group of Persons (other than the other Party or any affiliate of the other Party), whether written or oral, made after the date hereof,
relating to: (a)&nbsp;any direct or indirect sale or disposition (or any joint venture, lease, license, long-term supply agreement, royalty
agreement or other arrangement having the same economic effect as a sale or disposition), in a single transaction or series of related
transactions, of (i) assets of such Party and or one or more of its Subsidiaries (including shares of Subsidiaries of such Party) that,
individually or in the aggregate, (A)&nbsp;represent 20% or more of the consolidated assets of such Party and its Subsidiaries, taken
as a whole and measured by the fair market value thereof, or (B)&nbsp;contribute 20% or more of the consolidated revenue of such Party
and its Subsidiaries, taken as a whole, or (ii)&nbsp;20% or more of any class of voting or equity securities (including securities convertible
into, or exchangeable or exercisable for such voting or equity securities) of such Party or 20% or more of any class of voting or equity
securities (including securities convertible into, or exchangeable or exercisable for such voting or equity securities) of one or more
Subsidiaries of such Party whose assets, individually or in the aggregate, constitute 20% or more of the consolidated assets of such Party
and its Subsidiaries, taken as a whole (in each case, determined based upon the most recent publicly available consolidated financial
statements of such Party); (b)&nbsp;any direct or indirect take-over bid, tender offer, exchange offer, treasury issuance or other transaction
that, if consummated, would result in such Person or group of Persons beneficially owning 20% or more of any class of voting or equity
securities (including securities convertible</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">into, or exchangeable or exercisable
for such voting or equity securities) of such Party or 20% or more of any class of voting or equity securities (including securities convertible
into, or exchangeable or exercisable for such voting or equity securities) of one or more Subsidiaries of such Party whose assets, individually
or in the aggregate, constitute 20% or more of the consolidated assets of such Party and its Subsidiaries, taken as a whole (determined
based upon the most recent publicly available consolidated financial statements of such Party); or (c)&nbsp;a plan of arrangement, merger,
amalgamation, consolidation, share exchange, share reclassification, business combination, reorganization, recapitalization, liquidation,
dissolution, winding up or other similar transaction involving such Party and/or any of its Subsidiaries that, if consummated, would result
in such Person or group of Persons beneficially owning 20% or more of any class of voting or equity securities (including securities convertible
into, or exchangeable or exercisable for such voting or equity securities) of such Party or 20% or more of any class of voting or equity
securities (including securities convertible into, or exchangeable or exercisable for such voting or equity securities) of one or more
Subsidiaries of such Party whose assets, individually or in the aggregate, constitute 20% or more of the consolidated assets of such Party
and its Subsidiaries, taken as a whole (determined based upon the most recent publicly available consolidated financial statements of
such Party);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Acts of Adoption of Full Ownership</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;3.1(w);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>affiliate</B>&#8221; except
where otherwise indicated, has the meaning ascribed thereto in NI 45-106, in force as of the date of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Agreement</B>&#8221; means
this arrangement agreement, including all Schedules annexed hereto, together with the Company Disclosure Letter and Parent Disclosure
Letter, in each case as may be amended, supplemented or otherwise modified from time to time in accordance with the terms hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Arrangement</B>&#8221; means
the arrangement of the Company under the provisions of Part&nbsp;9, Division&nbsp;5 of the BCBCA on the terms and subject to the conditions
set out in the Plan of Arrangement, subject to any amendments or variations thereto made in accordance with the terms of this Agreement
or the Plan of Arrangement or made at the direction of the Court in the Final Order (with the prior written consent of both the Company
and the Parent, each acting reasonably);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Arrangement Resolution</B>&#8221;
means the special resolution of the Company Shareholders approving the Plan of Arrangement, which is to be considered and, if thought
fit, passed at the Company Meeting, substantially in the form and content of Schedule&nbsp;B hereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Authorization</B>&#8221; means,
with respect to any Person, any authorization, order, permit, approval, grant, agreement, licence, classification, restriction, registration,
consent, order, right, notification, condition, franchise, privilege, certificate, judgment, writ, injunction, award, determination, direction,
decision having the force of Law, of, from or required by any Governmental Entity having jurisdiction over such Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>BCBCA</B>&#8221; means the
<I>Business Corporations Act</I> (British Columbia);</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>business day</B>&#8221; means
any day, other than a Saturday, a Sunday or a statutory or civic holiday in Mexico City, Mexico, New York, New York, Toronto, Ontario
or Vancouver, British Columbia;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Canadian Securities Authorities</B>&#8221;
means the Ontario Securities Commission and any other applicable securities commissions and securities regulatory authority of a province
or territory of Canada;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Canadian Securities Laws</B>&#8221;
means the Securities Act and any other applicable Canadian provincial or territorial securities Laws (including published policies thereunder);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>CNA</B>&#8221; means the National
Antirust Commission (Comisi&oacute;n Nacional Antimonopolio) or any other governmental body that may assume its powers and responsibilities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>CNA Approval</B>&#8221; means
the unconditional approval of the concentration consisting in the transactions contemplated in this Agreement issued by the CNA, pursuant
to the provisions set forth in the Mexican Antitrust Law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Commissioner</B>&#8221; means
the Commissioner of Competition appointed under subsection&nbsp;7(1) of the Competition Act and includes any Person duly authorized by
the Commissioner to act on his behalf;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company</B>&#8221; has the
meaning ascribed thereto on the first page of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Applicable Anti-Corruption
Law</B>&#8221; has the meaning ascribed thereto in Section 3.1(kk)(ii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Benefit Plans</B>&#8221;
means all employee benefit plans, including all welfare, health, dental, vision, prescription drug, accidental death and dismemberment,
critical illness, emergency travel, life, short term disability, long term disability or other medical insurance, mortgage insurance,
employee loan, employee assistance, supplemental unemployment benefit, post-employment benefit, post-retirement benefit, bonus, profit
sharing, option, incentive, performance, equity, equity-based, phantom, deferred compensation, severance, retention, stay bonus, paid
time off, change of control, termination, pension, retirement, saving and supplemental retirement agreements, policies, programs, arrangements,
schemes, practices or undertakings, whether funded or unfunded, insured or uninsured, registered or unregistered, oral or written, which
are maintained by or binding upon the Company or any of its Subsidiaries or for which the Company or its Subsidiaries has any liability
or contingent liability for the benefit of any current or former Company Employees or independent contractors (or, to the extent applicable,
any spouses, dependents, survivors or beneficiaries of such persons) excluding any Multiemployer Plans or Statutory Plans;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Board</B>&#8221; means
the board of directors of the Company as the same is constituted from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Board Recommendation</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;2.2(a)(iii);</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Budget</B>&#8221; means
the latest quarterly forecast for 2025 and draft 2026 budget of the Company and its Subsidiaries, as attached as Schedule&nbsp;1.1(a)
to the Company Disclosure Letter (the &#8220;<B>Draft 2026 Budget</B>&#8221;); and once adopted, the Company&#8217;s annual budget for
2026 (the &#8220;<B>Final 2026 Budget</B>&#8221;), provided that the Final 2026 Budget shall solely comprise (i) substantially similar
expenditures to those contained in the Draft 2026 Budget (provided that the budget will be updated for customary year-end cutoff adjustments);
and (ii) any additional commercially reasonable expenditures related to head office general and administrative costs that do not deviate
by more than 10% from the same expenditures contained in the annual 2025 budget for the Company and its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Change in Recommendation</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;7.1(a)(iii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Circular</B>&#8221;
means the notice of the Company Meeting to be sent to the Company Shareholders, and accompanying management information circular, including
all schedules, appendices and exhibits thereto and enclosures therewith, and information incorporated by reference therein, in connection
with the Company Meeting, as amended, supplemented or otherwise modified from time to time in accordance with this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Credit Agreement</B>&#8221;
means the fifth amended and restated credit agreement dated March 24, 2025 between, among others, the Company as borrower, The Bank of
Nova Scotia and RBC Capital Markets (as co-lead arrangers and joint bookrunners), The Bank of Nova Scotia (as administrative agent), Royal
Bank of Canada (as syndication agent), The Toronto-Dominion Bank and Canadian Imperial Bank of Commerce (as co-documentation agents),
and The Bank of Nova Scotia, Royal Bank of Canada, The Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, Bank
of America, N.A., Canada Branch, and National Bank of Canada (as lenders) and the lenders thereto from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Director Nominees</B>&#8221;
has the meaning ascribed thereto in Section 2.17;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Disclosure Letter</B>&#8221;
means the disclosure letter dated the date of this Agreement (including all schedules, exhibits and appendices thereto) and executed by
the Company and delivered to the Parent prior to or concurrently with the execution of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company DSU Plan</B>&#8221;
means the deferred share unit plan of the Company effective May 6, 2010, as amended;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company DSUs</B>&#8221; means
the outstanding deferred share units granted under the Company DSU Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Employees</B>&#8221;
means all individuals who are employed as officers or employees by the Company and its Subsidiaries, including unionized, non-unionized,
part-time, full-time, active and inactive employees, and any officers who provide services to the Company as consultants;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Equity Incentive Plans</B>&#8221;
means, collectively, the Company LTIP, the Company Option Plan and the Company DSU Plan;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Fairness Opinions</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;2.2(a)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Financial Advisors</B>&#8221;
means, collectively, National Bank Financial Inc. as financial advisor to the Company and CIBC World Markets Inc. as independent financial
advisor to the Special Committee;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Incentive Awards</B>&#8221;
means, collectively, the Company DSUs, Company RSUs, Company Options and Company PSUs;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Leased Real Property</B>&#8221;
has the meaning ascribed thereto in Section 3.1(o);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company LTIP</B>&#8221; means
the long term incentive plan of the Company effective February 19, 2025;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Material Adverse Effect</B>&#8221;
means any one or more changes, effects, events, occurrences or states of fact or circumstance, either individually or in the aggregate,
that is, or would reasonably be expected to be, material and adverse to the business, results of operations or condition (financial or
otherwise) of the Company and its Subsidiaries, taken as a whole, except for any such change, effect, event, occurrence or state of facts
or circumstance resulting or arising from or relating to: (a)&nbsp;the announcement or execution of this Agreement or the implementation
of the transactions contemplated hereby (including the impact of any of the foregoing on the relationships, contractual or otherwise,
of the Company with customers, suppliers, service providers and employees); (b)&nbsp;any change in the market price or trading volume
of any securities of the Company (it being understood that the changes, effects, events, occurrences or states of fact or circumstance
underlying such change in market price or trading volume that are not otherwise excluded from the definition of a Company Material Adverse
Effect may be taken into account in determining whether a Company Material Adverse Effect has occurred); (c)&nbsp;any change affecting
the gold, silver or copper mining industry as a whole; (d) any change (on a current or forward basis) in the price of gold, silver or
copper or any changes in commodity prices or general market prices affecting the mining industry; (e)&nbsp;general political, economic,
financial, currency exchange, inflation, interest rates, securities or commodity market conditions in the United States, Canada or Mexico;
(f)&nbsp;any generally applicable change or prospective change after the date hereof in IFRS or regulatory accounting requirements; (g)&nbsp;the
commencement, continuation or escalation of any war, armed hostilities or acts of terrorism, or the occurrence of any cyber-attacks or
data breaches; (h)&nbsp;any general outbreak of illness, pandemic, epidemic, national health emergency, forced quarantine, lockdown or
similar event, or the worsening thereof; (i)&nbsp;the failure of the Company to meet any internal or published projections, forecasts,
guidance, budgets, or estimates of revenues, earnings, cash flow or other financial performance or results of operations for any period
(provided, however, that the changes, effects, events, occurrences or states of fact or circumstance underlying such failure that are
not otherwise excluded from the definition of a Company Material Adverse Effect may be considered to determine whether such failure constitutes
a Company Material Adverse Effect); (j)&nbsp;any natural disaster (including any hurricane, flood, tornado, earthquake, forest fire, weather-related
event or man-made natural disaster); (k) any adoption, implementation, promulgation, repeal, modification, amendment, reinterpretation,
change or proposal of any applicable Law of and by any Governmental Entity occurring after the date hereof (including with respect to
Taxes); or (l) any action taken (or omitted to be taken) by the Company or a Subsidiary thereof which is required to</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">be taken (or omitted to be taken) pursuant
to this Agreement or that is consented to by the Parent in writing; provided, however, (1) that with respect to clauses (c), (d), (e),
(f), (g),&nbsp;(h) and (j), to the extent any such change, effect, event, occurrence or state of facts or circumstance has a disproportionate
effect on the Company and its Subsidiaries, taken as a whole, compared to other entities with a similar type, size and scale, and operating
in the same industries, as the Company and its Subsidiaries, taken as a whole, operate, the incremental disproportionate effect may be
taken into account in determining whether there has been a Company Material Adverse Effect, and only to the extent otherwise permitted
by this definition and (2) in this Agreement, references to dollar amounts are not intended to be and shall not be illustrative or interpretive
for purposes of determining if a Company Material Adverse Effect has occurred;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Material Contract</B>&#8221;
means any Contract: (a) that, if terminated or modified or if it ceased to be in effect, would reasonably be expected to have a Company
Material Adverse Effect; (b)&nbsp;under which the Company or any of its Subsidiaries has directly or indirectly guaranteed any liabilities
or obligations of a third party (other than endorsements for collection in the ordinary course) in excess of $10&nbsp;million in the aggregate;
(c) relating to indebtedness for borrowed money of the Company or any of its Subsidiaries or any guarantee by the Company or any of its
Subsidiaries of any other Person&#8217;s indebtedness for borrowed money, with an outstanding principal amount in excess of $<FONT STYLE="color: black">15</FONT>&nbsp;million;
(d)&nbsp;that is a material partnership, limited liability company agreement, shareholder agreement, joint venture, alliance agreement
or other similar agreement or arrangement in respect of any Person that is not a wholly-owned Subsidiary of the Company (other than any
such agreement or arrangement relating to the operation or business of a Company Property in the ordinary course and which is not material
with respect to such Company Property); (e) under which the Company or any of its Subsidiaries is obligated to make payments to, or expects
to receive payments from, a third party on an annual basis in excess of $<FONT STYLE="color: black">10</FONT>&nbsp;million in the aggregate;
(f) that limits or restricts the Company or any of its Subsidiaries from engaging in any line of business or any geographic area in any
material respect; (g) that contains any right on the part of any third party to acquire Mineral Rights or other property rights from the
Company or any of its Subsidiaries that are material to the Company and its Subsidiaries, taken as a whole, or that form any part of the
Company Mineral Interests which are material to the Company and its Subsidiaries, taken as a whole; (h)&nbsp;that contains any rights
on the part of the Company or any of its Subsidiaries to acquire Mineral Rights or other property rights from any third party that, if
acquired, would be material to the Company and its Subsidiaries, taken as a whole; (i) that is a contractual royalty, production payment,
net profits, earn-out, streaming agreement, metal pre-payment or similar agreement that has a value in excess of $<FONT STYLE="color: black">15</FONT>&nbsp;million;
(j) that is an agreement with a Governmental Entity, or an agreement with any Indigenous group, or other organizations with authority
to represent such groups, in each case, that is material to the Company and its Subsidiaries, taken as a whole; (k) that is a registration
rights agreement; (l) an earn-in, back-in, right of first refusal or right first offer in respect of the Company Mineral Interests; and
(m) that is material to the Company and its Subsidiaries, taken as a whole, and related to the operation of, or the exploitation, extraction
or production of metals from, the Company Mineral Interests; and, for greater certainty, includes the Company Material Contracts listed
on Schedule 3.1(ff) of the Company Disclosure Letter;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Meeting</B>&#8221;
means the special meeting of Company Shareholders, including any adjournment or postponement thereof, to be called and held in accordance
with the Interim Order to consider the Arrangement Resolution and for any other purpose as may be set out in the Company Circular and
agreed to in writing by the Parent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Mineral Interests</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;3.1(o)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Notes</B>&#8221; means
the $400.0 million of unsecured senior notes issued by the Company on March 18, 2025, which bear interest at a rate of 6.875% per annum
and mature in 2032;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Option Plan</B>&#8221;
means the option plan of the Company effective May 4, 2011, as amended;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Options</B>&#8221;
means the outstanding options to purchase Company Shares granted under the Company Option Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Owned Real Property</B>&#8221;
has the meaning ascribed thereto in Section 3.1(o)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Permitted Liens</B>&#8221;
means, in respect of the Company or any of its Subsidiaries, any one or more of the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Liens for Taxes not at the time overdue or statutory Liens for overdue Taxes the validity of which the
Company or a Subsidiary thereof is contesting in good faith by appropriate proceedings and for which adequate reserves have been set aside
in accordance with IFRS;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">statutory Liens incurred or deposits made in the ordinary course in connection with workers&#8217; compensation,
unemployment insurance and similar legislation, but only to the extent that each such statutory Lien or deposit relates to amounts not
yet due;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">Liens given by the Company or a Subsidiary thereof to a public utility;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">undetermined or inchoate construction or repair or storage Liens arising in the ordinary course, a claim
for which has not been filed or registered pursuant to Law or which notice in writing has not been given to the Company or a Subsidiary
thereof;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">any reservations or exceptions contained in the original Crown grants or patents relating to any Company
Properties (including the reservation of any mines and minerals in the Crown or any other Person);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">easements, including rights of way for, or reservations or rights of others relating to, sewers, water
lines, gas lines, pipelines, electric lines, telegraph and telephone lines and other similar products or services, provided that there
has been material compliance with the provisions thereof and that such easements, rights of way, reservations, or rights do not, individually
or in the aggregate, materially adversely affect or impair the quiet enjoyment, use, or operation of the Company Properties, as the case
may be, as currently enjoyed, used or operated or as contemplated in the Company Public Documents;</TD></TR></TABLE>


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    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left">zoning by-laws, ordinances, or other similar restrictions of any Governmental Entity as to the use of
real property, which are not violated in any material respect by the current use of the Company Properties;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left">all rights of expropriation of any federal, state, provincial or municipal authority or agency;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">mechanic&#8217;s, carrier&#8217;s, workmen&#8217;s, repairmen&#8217;s or other similar Liens (inchoate
or otherwise) if, individually or in the aggregate, (A) they are not material, (B) they arose or were incurred in the ordinary course
in respect of obligations which are not overdue or which are being contested in good faith and for which appropriate reserves have been
established in accordance with IFRS, and (C) they have not been filed, recorded, or registered in accordance with Law;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: left">minor title defects or irregularities consisting of minor surveyor exceptions, provided that such defects,
irregularities, or exceptions do not, individually or in the aggregate, materially adversely affect or impair the quiet enjoyment, use,
or operation of the Company Properties as currently enjoyed, used or operated or as contemplated in the Company Public Documents;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: left">Liens securing indebtedness under the Company Credit Agreement and other credit facilities of the Company,
including as described in the Company Public Documents;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD STYLE="text-align: left">any Liens arising pursuant to the terms and conditions of any Contract that provides for a royalty, production
payment, net profits, earn-out, streaming agreement, metal pre-payment or similar agreement providing for the payment of consideration
measured, quantified or calculated based on, in whole or in part, any minerals produced, mined, recovered and extracted from any of the
Company Mineral Interests;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD STYLE="text-align: left">any other Liens, that are, as of the date of this Agreement, (i) registered against title to real property
in any applicable land registry office, (ii) registered or recorded against mineral titles in any applicable mineral titles registry office,
or (iii) registered against the Company, any of its Subsidiaries or any of their respective assets in a public personal property registry
or similar registry system, in each case, to the extent such Liens do not, individually or in the aggregate, materially adversely affect
or impair the quiet enjoyment, use or operation of the Company Properties as currently enjoyed, used or operated; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(n)</TD><TD STYLE="text-align: left">as disclosed in Schedule 3.1(o) of the Company Disclosure Letter;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Property</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;3.1(o)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Proposed Agreement</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;7.4(a);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company PSUs</B>&#8221; means
the outstanding performance share units granted under the Company LTIP;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Public Documents</B>&#8221;
means all forms, reports, schedules, statements and other documents filed by the Company on SEDAR+ or EDGAR, in each case since January
1, 2025;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company RSUs</B>&#8221; means
the outstanding restricted share units granted under the Company LTIP;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Shareholder Approval</B>&#8221;
has the meaning ascribed thereto in Section 2.3(e);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Shareholders</B>&#8221;
means the registered and/or beneficial holders of Company Shares, as the context requires;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Shares</B>&#8221; means
the common shares in the capital of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Standstill Agreement</B>&#8221;
means a Contract, other than a confidentiality and standstill agreement permitted by Section&nbsp;7.3, entered by the Company and/or any
of its Subsidiaries that currently, or after the Effective Time, restricts the ability of a third party to offer to purchase the assets
or equity securities of the Company or any of its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Superior Proposal</B>&#8221;
means a <I>bona fide</I> unsolicited written Acquisition Proposal (with references to 20% being deemed to be replaced with references
to 50%) in respect of the Company and its Subsidiaries that did not result from a breach of Section&nbsp;7.1: (a)&nbsp;that is reasonably
capable of being completed without undue delay, taking into account all legal, financial, regulatory and other aspects of such Acquisition
Proposal and the Person or group of Persons making such Acquisition Proposal; (b) that is not subject to any financing condition and in
respect of which adequate arrangements have been made to complete any required financing to consummate such Acquisition Proposal to the
satisfaction of the Company Board, acting in good faith (after consultation with the Company&#8217;s legal and financial advisors); (c)
that is not, as of the date that the Company provides a Superior Proposal Notice, subject to a due diligence and/or access condition (but,
for greater certainty, may include a customary access covenant); (d) complies with applicable Canadian Securities Laws in all material
respects; and (e)&nbsp;in respect of which the Company Board (after consultation with the Company&#8217;s legal and financial advisors)
determines in good faith, and after taking into account all the terms and conditions of such Acquisition Proposal, including all legal,
financial, regulatory and other aspects of such Acquisition Proposal would, if consummated in accordance with its terms, result in a transaction
that is more favourable, from a financial point of view, to the Company Shareholders, than the Arrangement (including any amendments to
the terms and conditions of this Agreement and the Plan of Arrangement proposed by the Parent pursuant to Section&nbsp;7.4(b));</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Technical Reports</B>&#8221;
has the meaning ascribed thereto in Section 3.1(q)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Termination Payment</B>&#8221;
means $254,725,000;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Termination Payment
Event</B>&#8221; has the meaning ascribed thereto in Section&nbsp;9.4(b);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Company Voting Agreements</B>&#8221;
means the voting agreements between the Parent and the Company Shareholders party thereto setting forth the terms and conditions upon
which</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">they have agreed, among other things,
to vote their Company Shares and/or Company Options in favour of the Arrangement Resolution;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Competition Act</B>&#8221;
means the <I>Competition Act </I>(Canada);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Competition Act Approval</B>&#8221;
means that, in connection with the transactions contemplated by this Agreement, either:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">both:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">the applicable waiting periods under subsection&nbsp;123(1) of the Competition Act shall have expired
or have been waived in accordance with subsection&nbsp;123(2) of the Competition Act or the obligation to provide a pre- merger notification
in accordance with Part&nbsp;IX of the Competition Act shall have been waived in accordance with paragraph&nbsp;113(c) of the Competition
Act; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">the Commissioner shall have issued a No-Action Letter; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">the Commissioner shall have issued an Advance Ruling Certificate;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Confidentiality Agreement</B>&#8221;
means the amended and restated confidentiality agreement between the Parent and the Company dated April 17, 2025, as further amended on
September 25, 2025;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Consideration</B>&#8221; means
the consideration to be received by Company Shareholders pursuant to the Plan of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Consideration Shares</B>&#8221;
means the Parent Shares to be issued to Company Shareholders pursuant to the Plan of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Continuing Employees</B>&#8221;
means Company Employees that are employed by the Parent, the Company or any of their respective Subsidiaries immediately following the
Effective Time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Contract</B>&#8221; means any
legally binding contract, agreement, license, franchise, lease, arrangement, commitment, understanding, joint venture, partnership or
other right or obligation (written or oral) and any amendment thereto to which a Party or any of its Subsidiaries is a party or by which
it or any of its Subsidiaries is bound or to which any of their respective properties or assets is subject;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Corporate Records</B>&#8221;
means, in respect of the Company and each of its Subsidiaries, the original or electronic corporate books, duly signed by such Persons
as required under applicable Law and under its constating documents, including (as applicable) the shareholders&#8217; meeting minutes,
share register, the capital variations book, and the directors&#8217; meeting minutes;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Court</B>&#8221; means the
Supreme Court of British Columbia;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Depositary</B>&#8221; means
<FONT STYLE="color: black">Computershare Investor Services Inc.</FONT>, or such other Person as the Company and the Parent may appoint
(each acting reasonably) to act as depositary in respect of the Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>DGCL</B>&#8221; means the Delaware
General Corporation Law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Dissent Rights</B>&#8221; means
the rights of dissent exercisable by the Company Shareholders in respect of the Arrangement described in the Plan of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>EDGAR</B>&#8221; means the
Electronic Data Gathering, Analysis, and Retrieval system of the U.S. SEC;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Effective Date</B>&#8221; means
the date on which the Arrangement becomes effective in accordance with Section 2.11(a);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Effective Time</B>&#8221; means
the time on the Effective Date that the Arrangement becomes effective, as set out in the Plan of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Environmental Laws</B>&#8221;
means all Laws imposing obligations, responsibilities, liabilities or standards of conduct for or relating to: (a) the regulation or control
of pollution, contamination, activities, materials, substances or wastes in connection with or for the protection of human health or safety,
the environment or natural resources (including climate, air, surface water, groundwater, wetlands, land surface, subsurface strata, wildlife,
aquatic species and vegetation, ecological planning, archeological vestiges); (b) the use, generation, disposal, treatment, processing,
recycling, handling, transport, distribution, Release, destruction, transfer, import, export or sale, rehabilitation, reclamation, or
remediation of Hazardous Substances; or (c) the operation, rehabilitation, reclamation, restoration and remediation of mines and mining
sites;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Environmental Liabilities</B>&#8221;
means, with respect to any Person, all liabilities, obligations, responsibilities, responses, losses, damages, punitive damages, property
damages, consequential damages, environmental damages, treble damages, costs (including control, rehabilitation, reclamation, closure,
remedial and removal costs, investigation costs, capital costs, environmental compensation costs, operation and maintenance costs), expenses,
fines, penalties and sanctions incurred as a result of or related to any claim, suit, action, administrative or court order, investigation,
proceeding or demand by any Person, arising under or related to any Environmental Laws, Environmental Permits, or in connection with any:
(a) Release or threatened Release or presence of a Hazardous Substance; (b) tailings impoundment areas; (c) tank, drum, pipe or other
container that contains or contained a Hazardous Substance; or (d) use, generation, disposal, treatment, processing, recycling, handling,
transport, Release, transfer, import, export or sale of Hazardous Substance;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Environmental Permits</B>&#8221;
means all Authorizations or program participation requirements with or from any Governmental Entity under any Environmental Laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>ERISA</B>&#8221; means the
United States <I>Employee Retirement Income Security Act of 1974</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Exchange Ratio</B>&#8221; has
the meaning ascribed thereto in the Plan of Arrangement;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Final Order</B>&#8221; means
the final order of the Court contemplated by Section 2.7, in a form and substance acceptable to the Company and the Parent, each acting
reasonably, approving the Arrangement, as such order may be amended, supplemented, modified or varied by the Court (with the consent of
both the Company and the Parent, each acting reasonably) at any time prior to the Effective Date or, if appealed, then, unless such appeal
is withdrawn or denied, as affirmed or as amended (provided that any such amendment is acceptable to both the Company and the Parent,
each acting reasonably) on appeal;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>GAAP</B>&#8221; means the generally
accepted accounting principles in the United States;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Governmental Entity</B>&#8221;
means: (a) any international, federal, provincial, territorial, tribal, state, regional, county, municipal, local or other government,
governmental or public department, central bank, court, tribunal, arbitral body, international arbitration institution, commission, board,
ministry bureau, agency or entity, domestic or foreign; (b) any stock exchange, including the TSX, the NYSE and the NYSE American; (c)
any subdivision, agent, commission, board or authority of any of the foregoing; or (d)&nbsp;any quasi-governmental or private body or
self-regulatory organization exercising any regulatory, expropriation or taxing authority under or for the account of any of the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Hazardous Substance</B>&#8221;
means any pollutant, contaminant, waste or chemical or any toxic, radioactive, ignitable, corrosive, reactive or otherwise hazardous or
deleterious substance, waste or material, including hydrogen sulphide, cyanide, arsenic, cadmium, copper, lead, mercury, petroleum, polychlorinated
biphenyls, tailings, waste rock, asbestos or asbestos-containing materials, per- and polyfluoroalkyl substances and urea-formaldehyde
insulation, and any other material, substance, pollutant or contaminant regulated or defined pursuant to, or that could result in liability
under, any Environmental Law, including those that are (a) defined as &#8220;pollutants&#8221;, &#8220;contaminants&#8221;, &#8220;hazardous&#8221;
or &#8220;deleterious&#8221; under the <I>Canadian Environmental Protection Act</I>, 1999, S.C. 1999, c.33, the <I>Canadian Fisheries
Act</I> R.S.C., 1985, C.F-14, <I>Ontario Environmental Protection Act</I>, R.S.O. 1990, c. E.19, the <I>Ontario Water Resources Act</I>,
R.S.O. 1990, c. O.40, the <I>British Columbia Environmental Management Act</I>, S.B.C. 2003, c. 53, the <I>British Columbia Water Sustainability
Act</I>, S.B.C 2014, c. 14 and/or regulations thereunder; (b) &#8220;hazardous material&#8221; and/or &#8220;hazardous waste&#8221;, pursuant
to Mexico&#8217;s <I>Ley General del Equilibrio Ecol&oacute;gico y la Protecci&oacute;n al Ambiente</I>; (c) listed, characterized (or
subject to characterization) as &#8220;hazardous&#8221; under Mexican Official Norms NOM-052-SEMARNAT-2005 and NOM-053-SEMARNAT-1993;
(d) labeled as &#8220;hazardous wastes&#8221; under Mexico&#8217;s <I>Ley General para la Prevenci&oacute;n y Gesti&oacute;n Integral
de los Residuos </I>and/or its regulations; (e) classified as hazardous or toxic under Mexico&#8217;s <I>Ley General de Salud </I>or any
of its regulations; (f) defined as a &#8220;hazardous waste,&#8221; &#8220;hazardous substance,&#8221; &#8220;extremely hazardous substance,&#8221;
&#8220;pollutant,&#8221; or &#8220;contaminant&#8221; under any Environmental Law, including the Comprehensive Environmental Response,
Compensation and Liability Act, 42 U.S.C. &sect;&nbsp;9601, <I>et seq., </I>the Toxic Substances Control Act, 15&nbsp;U.S.C. &sect;&nbsp;2601,
<I>et seq.</I>, the Resource Conservation and Recovery Act, 42&nbsp;U.S.C. &sect;&nbsp;6901, <I>et&nbsp;seq.</I>, the Hazardous Materials
Transportation Act, 49 U.S.C. &sect;&nbsp;6901 <I>et seq.</I>, the Superfund Amendments and Reauthorization Act of 1986, Pub.&nbsp;L.&nbsp;99&#45;499,
100 Stat. 1613, each as amended or reauthorized, and any applicable state law counterparts; (g) capable of causing harm to the Environment
or to human health from exposure thereto if and to the extent such capability or exposure (or prevention thereof) is regulated under Environmental
Laws; and/or (h) any used recipients or containers that may have contained or stored Hazardous Substances,</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">including above-ground or underground
storage tanks or underground pipes or aboveground pipelines, if and to the extent controlled, regulated or prohibited under Environmental
Laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>ICA</B>&#8221; means the <I>Investment
Canada Act</I> (Canada);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>ICA Approval</B>&#8221; means,
in respect of the transactions contemplated by this Agreement, that: (a) either (i) the Parent shall have received written evidence from
the responsible Minister under the ICA that the Minister is satisfied that the transactions contemplated by this Agreement are likely
to be of net benefit to Canada pursuant to the ICA, or (ii) the responsible Minister shall have been deemed to be satisfied (within the
meaning of the ICA) that the transactions contemplated by this Agreement are likely to be of net benefit to Canada pursuant to the ICA;
and (b) there shall be no order prohibiting the consummation of the Arrangement under Part IV.1 of the ICA;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>IFRS</B>&#8221; means International
Financial Reporting Standards;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>including</B>&#8221; means
including without limitation, and &#8220;<B>include</B>&#8221; and &#8220;<B>includes</B>&#8221; have a corresponding meaning;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Indigenous</B>&#8221; means
any and all aboriginal person, people, or group, native person, people, or group, tribe, and/or indigenous person, people, or group, or
any person or group asserting to be indigenous or part of an originary community or otherwise claiming any right recognized and/or affirmed
under applicable Laws, treaties or any other interest held by virtue of that person or group&#8217;s status as one of the aforementioned
groups, and any person or group representing or purporting to represent any of the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Initial Outside Date</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;9.2(a)(ii)(A);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Intellectual Property</B>&#8221;
means anything that is or may be protected by any intellectual property rights in any jurisdiction such as, but not limited to works (including
software), performances, trade secrets, inventions (whether patentable or not), improvements to such inventions, industrial designs, mask
work and integrated circuit topographies, trade-marks, trade names, business names, corporate names, domain names, website names and world
wide web addresses, whether or not they may also be protected, at any given time, as a trade secret or confidential information, including
proprietary and non-public business information, know-how, methods, processes, designs, technology, technical data, schematics, models,
simulations and documentation relating to any of the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Intended U.S. Tax Treatment</B>&#8221;
has the meaning ascribed thereto in Section 2.15;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Interim Order</B>&#8221; means
the interim order of the Court to be issued following the application therefor submitted to the Court after being informed of the intention
to rely upon the exemption from registration under section 3(a)(10) of the U.S. Securities Act with respect to the Consideration Shares
issued pursuant to the Arrangement as contemplated by Section 2.3, in a form and substance acceptable to the Company and the Parent, each
acting reasonably, providing for, among other things, the calling and holding of the Company Meeting, as the same may be amended, supplemented,
modified or varied by the Court with the consent of the Company and the Parent, each acting reasonably;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Law</B>&#8221; or &#8220;<B>Laws</B>&#8221;
means all laws (including common law), by-laws, statutes, rules, regulations, principles of law and equity, orders, rulings, ordinances,
judgements, injunctions, determinations, awards, decrees or other requirements, whether domestic or foreign, that are binding upon or
applicable to such Person or its business and have the force of law, and the terms and conditions of any Authorization of or from any
Governmental Entity, and, for greater certainty, includes Securities Laws and applicable common law, and the term &#8220;<B>applicable</B>&#8221;
with respect to such Laws and in a context that refers to a Party, means such Laws as are applicable to such Party and/or its Subsidiaries
or their business, undertaking, property or securities and emanate from a Person having jurisdiction over the Party and/or its Subsidiaries
or its or their business, undertaking, property or securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Liens</B>&#8221; means any
hypothecs, mortgages, pledges, assignments, liens, charges, security interests, encumbrances and adverse rights or claims or other third
party interests or encumbrances of any kind, whether contingent or absolute, and any agreement, option, lease, sublease, restriction,
easement, right-of-way, right or privilege (whether by Law, contract or otherwise) capable of becoming any of the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Matching Period</B>&#8221;
has the meaning ascribed thereto in Section 7.4(a)(iii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>material fact</B>&#8221; means
a material fact relating to the Company or the Parent, as applicable, for purposes of applicable Securities Laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Mexican Antitrust Law</B>&#8221;
means the Federal Economic Competition Law (<I>Ley Federal de Competencia Econ&oacute;mica</I>) of Mexico;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Mexico</B>&#8221; means the
United Mexican States;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>MI 61-101</B>&#8221; means
Multilateral Instrument 61-101 &#8211; <I>Protection of Minority Security Holders in Special Transactions</I> of the Canadian Securities
Administrators;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Mineral Rights</B>&#8221; means
all rights, whether contractual or otherwise, for the exploration for or exploitation of mineral resources and reserves together with
surface rights, Water Rights, royalty interests, fee interests, joint venture interests, and other leases, rights of way and enurements
related to any such rights;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Misrepresentation</B>&#8221;
means an untrue statement of a material fact or an omission to state a material fact required to be stated or necessary to make a statement
not misleading in light of the circumstances in which it was made;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Modern Slavery Laws</B>&#8221;
means all Laws regarding the provision of slavery, servitude and forced or child labour and about human trafficking including the <I>Fighting
Against Forced Labour and Child Labour in Supply Chains Act</I> (Canada);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Multiemployer Plan</B>&#8221;
means any &#8220;multiemployer plan&#8221; within the meaning of Section 4001(a)(3) of ERISA;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>NI 43-101</B>&#8221; means
National Instrument 43-101 &#8211; <I>Standards of Disclosure for Mineral Projects</I> of the Canadian Securities Administrators;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>NI 45-106</B>&#8221; means
National Instrument 45-106 &#8211; <I>Prospectus Exemptions</I> of the Canadian Securities Administrators;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>NI 51-102</B>&#8221; means
National Instrument 51-102 &#8211; <I>Continuous Disclosure Obligations</I> of the Canadian Securities Administrators;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>NI 52-109</B>&#8221; means
National Instrument 52-109 &#8211; <I>Certification of Disclosure in Issuers&#8217; Annual and Interim Filings</I> of the Canadian Securities
Administrators;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>NI 54-101</B>&#8221; means
National Instrument 54-101 &#8211; <I>Communication with Beneficial Owners of Securities of a Reporting Issuer</I> of the Canadian Securities
Administrators;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>No-Action Letter</B>&#8221;
means a written confirmation from the Commissioner indicating that he does not, at that time, intend to make an application under section
92 of the Competition Act in respect of the transactions contemplated by this Agreement, such letter or other written notification having
not been withdrawn prior to the Effective Time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Non-Continuing Employees</B>&#8221;
means Company Employees whose employment with the Company or any of its Subsidiaries is terminated by the Company or its Subsidiaries,
as applicable, without cause, at or immediately prior to the Effective Time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>NYSE</B>&#8221; means the New
York Stock Exchange;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>NYSE American</B>&#8221; means
the NYSE American Stock Exchange;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>ordinary course</B>&#8221;
means, with respect to an action taken by a Person, that such action is consistent with the past practice of such Person and is taken
in the ordinary course of the normal day-to-day business and operations of such Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Outside Date</B>&#8221; has
the meaning ascribed thereto in Section&nbsp;9.2(a)(ii)(A);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent</B>&#8221; has the meaning
ascribed thereto on the first page of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Applicable Anti-Corruption
Law</B>&#8221; has the meaning ascribed thereto in Section&nbsp;4.1(ii)(ii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Benefit Plans</B>&#8221;
means all employee benefit plans, including all welfare, health, dental, vision, prescription drug, accidental death and dismemberment,
critical illness, emergency travel, life, short term disability, long term disability or other medical insurance, mortgage insurance,
employee loan, employee assistance, supplemental unemployment benefit, post-employment benefit, post-retirement benefit, bonus, profit
sharing, option, incentive, performance, equity, equity-based, phantom, deferred compensation, severance, retention, stay bonus, paid
time off, change of control, termination, pension, retirement, saving and supplemental retirement agreements, policies, programs, arrangements,
schemes, practices or undertakings, whether funded or unfunded, insured or uninsured, registered or unregistered, oral or written, which
are maintained by or binding upon the Parent or any of its Subsidiaries or for which the Parent or its Subsidiaries has any liability
or contingent liability for the benefit of any current or former Parent Employees or independent contractors (or, to the extent applicable,
any spouses,</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">dependents, survivors or beneficiaries
of such persons) excluding any Multiemployer Plans or Statutory Plans;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Board</B>&#8221; means
the board of directors of the Parent, as the same is constituted from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Board Recommendation</B>&#8221;
has the meaning ascribed thereto in Section 2.2(b)(ii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Change in Recommendation</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;8.1(a)(iii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Charter Amendment</B>&#8221;
has the meaning ascribed thereto in the recitals to this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Credit Agreement</B>&#8221;
means that certain credit agreement, dated as of September 29, 2017 (as subsequently amended), by and among, <I>inter alia</I>, the Parent,
as borrower, Bank of America, N.A., as administrative agent, and Bank of America, N.A., Royal Bank of Canada, Bank of Montreal, Chicago
Branch, National Bank of Canada, F&eacute;d&eacute;ration Des Caisses Desjardins Du Qu&eacute;bec, ING Capital LLC and Goldman Sachs Bank
USA, as lenders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Disclosure Letter</B>&#8221;
means the disclosure letter dated the date of this Agreement (including all schedules, exhibits and appendices thereto) and executed by
the Parent and delivered to the Company prior to or concurrently with the execution of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Employees</B>&#8221;
means all individuals who are employed as officers or employees by the Parent and its Subsidiaries, including unionized, non-unionized,
part-time, full-time, active and inactive employees, and any officers who provide services to the Company as consultants;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Incentive Awards</B>&#8221;
means all outstanding restricted share units, performance share units, options and any other awards made in accordance with the Parent
Incentive Plans;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Incentive Plans</B>&#8221;
means, collectively, the Amended &amp; Restated Coeur Mining, Inc. 2018 Long-Term Incentive Plan effective as of May 11, 2021, the Coeur
Mining, Inc. Stock Option Plan (Legacy Plan), effective August 24, 2015, as amended, and the Coeur Mining, Inc. Stock Option Plan, effective
June 15, 2022, as amended, and the applicable form of award agreements thereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Leased Real Property</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;4.1(n)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Matching Period</B>&#8221;
has the meaning ascribed thereto in Section 8.4(a)(iii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Material Adverse Effect</B>&#8221;
means any one or more changes, effects, events, occurrences or states of fact or circumstance, either individually or in the aggregate,
that is, or would reasonably be expected to be, material and adverse to the business, results of operations or condition (financial or
otherwise) of the Parent and its Subsidiaries, taken as a whole, except for any such change, effect, event, occurrence or state of facts
or circumstance resulting or arising from or relating to: (a)&nbsp;the announcement or execution of</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">this Agreement or the implementation
of the transactions contemplated hereby (including the impact of any of the foregoing on the relationships, contractual or otherwise,
of the Parent with customers, suppliers, service providers and employees); (b)&nbsp;any change in the market price or trading volume of
any securities of the Parent (it being understood that the changes, effects, events, occurrences or states of fact or circumstance underlying
such change in market price or trading volume that are not otherwise excluded from the definition of a Parent Material Adverse Effect
may be taken into account in determining whether a Parent Material Adverse Effect has occurred); (c) any change affecting the gold and
silver mining industry as a whole; (d)&nbsp;any change (on a current or forward basis) in the price of gold or silver or any changes in
commodity prices or general market prices affecting the mining industry; (e)&nbsp;general political, economic, financial, currency exchange,
inflation, interest rates, securities or commodity market conditions in the United States, Canada or Mexico; (f)&nbsp;any generally applicable
change or prospective change after the date hereof in GAAP or regulatory accounting requirements; (g)&nbsp;the commencement, continuation
or escalation of any war, armed hostilities or acts of terrorism, or the occurrence of any cyber-attacks or data breaches; (h)&nbsp;any
general outbreak of illness, pandemic, epidemic, national health emergency, forced quarantine, lockdown or similar event, or the worsening
thereof; (i)&nbsp;the failure of the Parent to meet any internal or published projections, forecasts, guidance, budgets, or estimates
of revenues, earnings, cash flow or other financial performance or results of operations for any period (provided, however, that the changes,
effects, events, occurrences or states of fact or circumstance underlying such failure that are not otherwise excluded from the definition
of a Parent Material Adverse Effect may be considered to determine whether such failure constitutes a Parent Material Adverse Effect);
(j)&nbsp;any natural disaster (including any hurricane, flood, tornado, earthquake, forest fire, weather-related event or man-made natural
disaster); (k) any adoption, implementation, promulgation, repeal, modification, amendment, reinterpretation, change or proposal of any
applicable Law of and by any Governmental Entity occurring after the date hereof (including with respect to Taxes); or (l) any action
taken (or omitted to be taken) by the Parent or a Subsidiary thereof which is required to be taken (or omitted to be taken) pursuant to
this Agreement or that is consented to by the Company in writing; provided, however, (1) that with respect to clauses (c), (d), (e), (f),
(g), (h) and (j), to the extent any such change, effect, event, occurrence or state of facts or circumstance has a disproportionate effect
on the Parent and its Subsidiaries, taken as a whole, compared to other entities with a similar type, size and scale, and operating in
the same industries, as the Parent and its Subsidiaries, taken as a whole, operate, the incremental disproportionate effect may be taken
into account in determining whether there has been a Parent Material Adverse Effect, and only to the extent otherwise permitted by this
definition and (2) in this Agreement, references to dollar amounts are not intended to be and shall not be illustrative or interpretive
for purposes of determining if a Parent Material Adverse Effect has occurred;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Material Contract</B>&#8221;
means any Contract: (a)&nbsp;that, if terminated or modified or if it ceased to be in effect, would reasonably be expected to have a Parent
Material Adverse Effect; (b)&nbsp;under which the Parent or any of its Subsidiaries has directly or indirectly guaranteed any liabilities
or obligations of a third party (other than endorsements for collection in the ordinary course) in excess of $20&nbsp;million in the aggregate;
(c)&nbsp;relating to indebtedness for borrowed money of the Parent or any of its Subsidiaries or any guarantee by the Parent or any of
its Subsidiaries of any other Person&#8217;s indebtedness for borrowed</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">money, with an outstanding principal
amount in excess of $30&nbsp;million; (d)&nbsp;that is a material partnership, limited liability company agreement, shareholder agreement,
joint venture, alliance agreement or other similar agreement or arrangement in respect of any Person that is not a wholly-owned Subsidiary
of the Parent (other than any such agreement or arrangement relating to the operation or business of a Parent Property in the ordinary
course and which is not material with respect to such Parent Property); (e)&nbsp;under which the Parent or any of its Subsidiaries is
obligated to make or expects to receive payments on an annual basis in excess of $20&nbsp;million in the aggregate; (f)&nbsp;that limits
or restricts the Parent or any of the Parent Material Subsidiaries from engaging in any line of business or any geographic area in any
material respect; (g)&nbsp;that contains any right on the part of any third party to acquire Mineral Rights or other property rights from
the Parent or any of its Subsidiaries that are material to the Parent and its Subsidiaries, taken as a whole, or that form any part of
the Parent Mineral Interests which are material to the Parent and its Subsidiaries, taken as a whole; (h) that contains any rights on
the part of the Parent or any of its Subsidiaries to acquire Mineral Rights or other property rights from any third party that, if acquired,
would be material to the Parent and its Subsidiaries, taken as a whole; (i)&nbsp;that is a contractual royalty, production payment, net
profits, earn-out, streaming agreement, metal pre-payment or similar agreement that has a value in excess of $30&nbsp;million; (j)&nbsp;that
is an agreement with a Governmental Entity, or an agreement with any Indigenous group, or other organizations with authority to represent
such groups, in each case, that is material to the Parent and its Subsidiaries, taken as a whole; (k)&nbsp;that is a registration rights
agreement; (l)&nbsp;an earn-in, back-in, right of first refusal or right first offer in respect of the Parent Mineral Interests; and (m)
that is material to the Parent and its Subsidiaries, taken as a whole, and related to the operation of, or the exploitation, extraction
or production of metals from, the Parent Mineral Interests; and, for greater certainty, includes the Parent Material Contracts listed
on Schedule 4.1(cc) of the Parent Disclosure Letter;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Material Subsidiaries</B>&#8221;
means the Subsidiaries set out in Schedule&nbsp;1.1(a) of the Parent Disclosure Letter;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Meeting</B>&#8221; means
the meeting of the Parent Stockholders, including any adjournment or postponement thereof, to be called and held in accordance with applicable
Law to consider the Parent Charter Amendment, Parent Stock Issuance and for any other purpose as may be set out in the Parent Proxy Statement
and agreed to in writing by the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Mineral Interests</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;4.1(n)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Owned Real Property</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;4.1(n)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Permitted Liens</B>&#8221;
means, in respect of the Parent or any of its Subsidiaries, any one or more of the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Liens for Taxes not at the time overdue or statutory Liens for overdue Taxes the validity of which the
Parent or a Subsidiary thereof is contesting in good faith by appropriate proceedings and for which adequate reserves have been set aside
in accordance with GAAP;</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">statutory Liens incurred or deposits made in the ordinary course in connection with workers&#8217; compensation,
unemployment insurance and similar legislation, but only to the extent that each such statutory Lien or deposit relates to amounts not
yet due;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">Liens given by the Parent or a Subsidiary thereof to a public utility;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">undetermined or inchoate construction or repair or storage Liens arising in the ordinary course, a claim
for which has not been filed or registered pursuant to Law or which notice in writing has not been given to the Parent or a Subsidiary
thereof;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">any reservations or exceptions contained in the original Crown grants or patents relating to any Parent
Properties (including the reservation of any mines and minerals in the Crown or any other Person);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">easements, including rights of way for, or reservations or rights of others relating to, sewers, water
lines, gas lines, pipelines, electric lines, telegraph and telephone lines and other similar products or services, provided that there
has been material compliance with the provisions thereof and that such easements, rights of way, reservations, or rights do not, individually
or in the aggregate, materially adversely affect or impair the quiet enjoyment, use, or operation of the Parent Properties, as the case
may be, as currently enjoyed, used or operated or as contemplated in the Parent Public Documents;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left">zoning by-laws, ordinances, or other similar restrictions of any Governmental Entity as to the use of
real property, which are not violated in any material respect by the current use of the Parent Properties;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left">all rights of expropriation of any federal, state, provincial or municipal authority or agency;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">mechanic&#8217;s, carrier&#8217;s, workmen&#8217;s, repairmen&#8217;s or other similar Liens (inchoate
or otherwise) if, individually or in the aggregate, (A) they are not material, (B) they arose or were incurred in the ordinary course
in respect of obligations which are not overdue or which are being contested in good faith and for which appropriate reserves have been
established in accordance with GAAP, and (C) they have not been filed, recorded, or registered in accordance with Law;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: left">minor title defects or irregularities consisting of minor surveyor exceptions, provided that such defects,
irregularities, or exceptions do not, individually or in the aggregate, materially adversely affect or impair the quiet enjoyment, use,
or operation of the Parent Properties as currently enjoyed, used or operated or as contemplated in the Parent Public Documents;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: left">Liens securing indebtedness under the Parent Credit Agreement and other credit facilities of the Parent
as described in the Parent Public Documents;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD STYLE="text-align: left">any Liens arising pursuant to the terms and conditions of any Contract that provides for a royalty, production
payment, net profits, earn-out, streaming agreement, metal pre-payment or similar agreement providing for the payment of consideration
measured, quantified or calculated based on, in whole or in part, any minerals</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">produced, mined, recovered and extracted
from any of the Company Mineral Interests; and</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD STYLE="text-align: left">any other Liens, that are, as of the date of this Agreement, (i) registered against title to real property
in any applicable land registry office, (ii) registered or recorded against mineral titles in any applicable mineral titles registry office,
or (iii) registered against the Parent, any of its Subsidiaries or any of their respective assets in a public personal property registry
or similar registry system, in each case, to the extent such Liens do not, individually or in the aggregate, materially adversely affect
or impair the quiet enjoyment, use or operation of the Parent Properties as currently enjoyed, used or operated;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Property</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;4.1(n)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Proposed Agreement</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;8.4(a);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Proxy Statement</B>&#8221;
means the proxy statement on Schedule 14A to be distributed to the Parent Stockholders, including all schedules, appendices and exhibits
thereto and enclosures therewith, and information incorporated by reference therein, in connection with the Parent Meeting, as amended,
supplemented or otherwise modified from time to time in accordance with this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Public Documents</B>&#8221;
means all forms, reports, schedules, statements and other documents filed by the Parent on SEDAR+ or EDGAR, in each case since January
1, 2025;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Shares</B>&#8221; has
the meaning ascribed thereto in the recitals to this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Standstill Agreement</B>&#8221;
means a Contract entered by the Parent and/or any of its Subsidiaries that currently, or after the Effective Time, other than a confidentiality
and standstill agreement permitted by Section&nbsp;7.3, restricts the ability of a third party to offer to purchase the assets or equity
securities of the Parent or any of its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Stock Issuance</B>&#8221;
has the meaning ascribed thereto in the recitals to this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Stockholder Approvals</B>&#8221;
means the approval (a)&nbsp;of the Parent Stock Issuance by the affirmative vote of at least a majority of the votes cast in person or
represented by proxy at the Parent Meeting in accordance with Section 312.03(c) and Section 312.07 of the NYSE Listed Company Manual,
and (b)&nbsp;of the Parent Charter Amendment by the affirmative vote of Parent Stockholders required by the certificate of incorporation
of Parent and the DGCL at the Parent Meeting;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Stockholders</B>&#8221;
means the registered and/or beneficial holders of the Parent Shares, as the context requires;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Superior Proposal</B>&#8221;
means a <I>bona fide</I> unsolicited written Acquisition Proposal (with references to 20% being deemed to be replaced with references
to 50%) in respect of the Parent and its Subsidiaries that did not result from a breach of Section&nbsp;8.1: (a)&nbsp;that is reasonably
capable of being completed without undue delay, taking into account all legal, financial, regulatory and other aspects of such Acquisition
Proposal and the Person or</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">group of Persons making such Acquisition
Proposal; (b)&nbsp;that is not subject to any financing condition and in respect of which adequate arrangements have been made to complete
any required financing to consummate such Acquisition Proposal to the satisfaction of the Parent Board, acting in good faith (after consultation
with the Parent&#8217;s legal and financial advisors); (c) that is not, as of the date that the Parent provides a Parent Superior Proposal
Notice, subject to a due diligence and/or access condition (but, for greater certainty, may include a customary access covenant); (d)
complies with applicable U.S. Securities Laws in all material respects; and (e) in respect of which the Parent Board (after consultation
with the Parent&#8217;s legal and financial advisors) determines in good faith, and after taking into account all the terms and conditions
of such Acquisition Proposal, including all legal, financial, regulatory and other aspects of such Acquisition Proposal, would, if consummated
in accordance with its terms, result in a transaction that is more favourable, from a financial point of view, to the Parent Stockholders,
than the Arrangement (including any amendments to the terms and conditions of this Agreement and the Plan of Arrangement proposed by the
Company pursuant to Section&nbsp;8.4(b));</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Superior Proposal Notice</B>&#8221;
has the meaning ascribed thereto in Section 8.4(a)(ii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Technical Reports</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;4.1(p);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Termination Payment</B>&#8221;
means $413,705,000;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Termination Payment
Event</B>&#8221; has the meaning ascribed thereto in Section 9.4(d);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parent Voting Agreements</B>&#8221;
means the voting agreements between the Company and the Parent Stockholders party thereto setting forth the terms and conditions upon
which they have agreed, among other things, to vote their Parent Shares in favour of the Parent Charter Amendment and Parent Stock Issuance;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Parties</B>&#8221; means, together,
the Parent, the Purchaser and the Company, and &#8220;<B>Party</B>&#8221; means any one of them, as the context requires;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Person</B>&#8221; includes
an individual, partnership, association, body corporate, trustee, executor, administrator, legal representative, government (including
any Governmental Entity) or any other entity, whether or not having legal status;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Personal Information</B>&#8221;
means all information or data in any form, including paper, electronic and other forms, concerning any identified or identifiable individual,
as provided under the applicable Privacy Laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Plan of Arrangement</B>&#8221;
means the plan of arrangement of the Company, substantially in the form of Schedule&nbsp;A hereto, and any amendments or variations thereto
made in accordance with this Agreement and the Plan of Arrangement or upon the direction of the Court in the Final Order with the consent
of the Company and the Parent, each acting reasonably;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Pre-Acquisition Reorganization</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;5.13(a);</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Privacy Laws</B>&#8221; include
applicable Laws that govern the collection, use, disclosure, retention, disposition and other processing of Personal Information, including
the <I>Personal Information Protection and Electronic Documents Act </I>and applicable provincial Privacy Laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Purchaser</B>&#8221; has the
meaning ascribed thereto on the first page of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Purchaser Board</B>&#8221;
means the board of directors of the Purchaser, as the same is constituted from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Regulation S-K 1300</B>&#8221;
means 17 C.F.R. &sect; 229.1300 et seq. on <I>Disclosure by Registrants Engaged in Mining Operations</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Regulatory Approvals</B>&#8221;
means those sanctions, rulings, consents, orders, exemptions, Authorizations and other approvals (including the lapse, without objections,
of a prescribed period of time under a statute or regulation that states that a transaction may be implemented if a prescribed period
of time lapses following the giving of notice without an objection being made) of any Governmental Entity required in relation to the
transactions contemplated hereby, including the CNA Approval, Competition Act Approval and ICA Approval;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Release</B>&#8221; means any
release, spill, emission, leaking, pumping, pouring, emitting, emptying, escape, injection, deposit, disposal, discharge, dispersal, dumping,
or leaching of any Hazardous Substance in the environment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Representatives</B>&#8221;
means, with respect to a Party, such Party&#8217;s directors, officers, employees, counsel, financial advisors, accountants, agents, consultants
and other authorized representatives and advisors;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Required Regulatory Approvals</B>&#8221;
means each of the CNA Approval, Competition Act Approval and ICA Approval;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Restricted Party</B>&#8221;
means a person that is: (a) listed on, owned, held or controlled, directly or indirectly, by a person listed on, or acting on behalf of
a person listed on, any Sanctions List, (b) located in, incorporated under the laws of, or owned or (directly or indirectly) controlled
by, or acting on behalf of, a person located in or organized under the laws of a country or territory that is the target of Sanctions,
or (c) otherwise a target of Sanctions;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Revised Company RSUs</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;2.10(e)(ii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Sanctions</B>&#8221; means
the economic sanctions laws, regulations, embargoes or restrictive measures administered, enacted or enforced by: (a) the United States
government; (b) the United Nations; (c) the European Union; (d) the Canadian government; (e) the United Kingdom; or (f) the respective
governmental institutions and agencies of any of the foregoing, including, without limitation, the Office of Foreign Assets Control of
the U.S. Department of Treasury (&#8220;<B>OFAC</B>&#8221;), the United States Department of State, His Majesty&#8217;s Treasury (&#8220;<B>HMT</B>&#8221;),
Global Affairs Canada and the Royal Canadian Mounted Police or any other relevant sanctions authority (together the &#8220;<B>Sanctions
Authorities</B>&#8221;);</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Sanctions List</B>&#8221; means
the &#8220;Specially Designated Nationals and Blocked Persons&#8221; list maintained by OFAC, the Consolidated List of Financial Sanctions
Targets, the Consolidated Canadian Autonomous Sanctions List and the Investment Ban List maintained by HMT, or any similar list maintained
by, or public announcement of Sanctions designation made by, any of the Sanctions Authorities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>SEC Clearance</B>&#8221; has
the meaning ascribed thereto in Section 2.4;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Securities Act</B>&#8221; means
the <I>Securities Act</I> (Ontario) and the rules, regulations and published policies made thereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Securities Laws</B>&#8221;
means, collectively, Canadian Securities Laws and U.S. Securities Laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>SEDAR+</B>&#8221; means the
System for Electronic Document Analysis and Retrieval;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Special Committee</B>&#8221;
means the special committee of the Company Board;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Statutory Plans&#8221; </B>means
statutory benefit plans which the Company or its Subsidiaries are required to participate in or comply with, including as applicable the
Canada Pension Plan and plans administered pursuant to applicable health tax, workplace safety insurance and employment insurance legislation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Subsidiary</B>&#8221; has the
meaning ascribed thereto in NI 45-106;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Superior Proposal Notice</B>&#8221;
has the meaning ascribed thereto in Section 7.4(a)(ii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left; text-indent: 0in">&#8220;<B>Tax Act</B>&#8221;
means the <I>Income Tax Act</I> (Canada);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Tax Returns</B>&#8221; includes
all returns, reports, declarations, elections, notices, filings, forms, statements and other documents (whether in tangible, electronic
or other form) and including any amendments, schedules, attachments, supplements, appendices and exhibits thereto and any claims for refund,
declarations of estimated Tax and information returns, made, prepared, filed or required by a Governmental Entity to be made, prepared
or filed by Law in respect of Taxes;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Tax Sharing Agreement</B>&#8221;
means any agreement or arrangement binding the Company or the Parent, as applicable, or any of their respective Subsidiaries that provides
for the allocation, apportionment, sharing, indemnification or assignment of any Tax liability or benefit, or the transfer or assignment
of income, revenues, receipts, or gains for the purpose of determining any Person&#8217;s Tax liability (other than customary Tax sharing
or indemnification provisions contained in a commercial agreement entered into in the ordinary course the primary subject matter of which
does not relate to Taxes);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Taxes</B>&#8221; includes any
taxes, duties, fees, premiums, assessments, imposts, levies, expansion fees and other charges of any kind whatsoever imposed by any Governmental
Entity, including all interest, penalties, fines, additions to tax or other additional amounts imposed by any Governmental Entity in respect
thereof, and including, but not limited to, those levied on, or measured by, or referred to as, income, gross receipts, earnings, profits,
mining, mineral, carbon, fuel, windfall, environmental, royalty, capital, capital stock,</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">transfer, land transfer, disability,
ad valorem, sales, net worth, goods and services, harmonized sales, use, value-added, excise, stamp, recording, withholding, global minimum
or &#8220;Pillar 2&#8221;, business, franchising, property, premium, development, occupation, occupancy, employer health, alternative
or add-on minimum, payroll, employment, health, social services, education and social security taxes, all surtaxes, all customs duties
and import and export taxes, countervail and anti-dumping, all license, franchise and registration fees and all employment insurance,
health insurance and Canada Pension Plan and other pension plan premiums or contributions imposed by any Governmental Entity, any transferee
or predecessor liability in respect of any of the foregoing, and any liability for any such amounts imposed with respect to any other
person, including under any agreements or arrangements;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Third Party Beneficiaries</B>&#8221;
has the meaning ascribed thereto in Section 10.10;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Transaction Personal Information</B>&#8221;
has the meaning ascribed thereto in Section&nbsp;10.1;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>TSX</B>&#8221; means the Toronto
Stock Exchange;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>U.S. Exchange Act</B>&#8221;
means the United States <I>Securities Exchange Act of 1934</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>U.S. Investment Company Act</B>&#8221;
means the United States <I>Investment Company Act of 1940</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>U.S. SEC</B>&#8221; has the
meaning ascribed thereto in Section&nbsp;2.3;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>U.S. Securities Act</B>&#8221;
means the United States <I>Securities Act of 1933</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>U.S. Securities Laws</B>&#8221;
means the U.S. Exchange Act, the U.S. Securities Act and all other applicable U.S. federal securities Laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>U.S. Tax Code</B>&#8221; means
the United States <I>Internal Revenue Code of 1986</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>U.S. Treasury Regulations</B>&#8221;
means the regulations promulgated under the U.S. Tax Code, including any temporary, proposed or final regulations issued thereunder by
the United States Department of the Treasury;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>United States</B>&#8221; or
&#8220;<B>U.S.</B>&#8221; means the United States of America, its territories and possessions, any State of the United States and the
District of Columbia;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Value Determination Date</B>&#8221;
means the date that is three business days prior to the Effective Date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">&#8220;<B>Water Rights</B>&#8221; means
water rights, water concessions, water licences, water leases and water supply agreements, ditch rights or other interests in water or
water conveyance rights owned, leased or held by the relevant Person.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.2</TD><TD STYLE="text-align: left">Interpretation Not Affected by Headings</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The division of this Agreement into Articles
and Sections, and the insertion of headings are for convenience of reference only and shall not affect in any way the meaning or interpretation
of this</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Agreement. Unless the contrary intention appears,
references in this Agreement to an Article, Section or Schedule by number or letter or both refer to the Article, Section or Schedule,
respectively, bearing that designation in this Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.3</TD><TD STYLE="text-align: left">Number and Gender</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">In this Agreement, unless the contrary intention
appears, words importing the singular include the plural and vice versa, and words importing gender include all genders.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.4</TD><TD STYLE="text-align: left">Calculation of Time</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Unless otherwise specified, time periods within
or following which any payment is to be made or act is to be done shall be calculated by excluding the day on which the period commences
and including the day on which the period ends. Where the last day of any such time period is not a business day, such time period shall
be extended to the next business day following the day on which it would otherwise end.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.5</TD><TD STYLE="text-align: left">Date for Any Action</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">If the date on which any action is required
to be taken hereunder by a Party is not a business day, such action shall be required to be taken on the next succeeding day which is
a business day.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.6</TD><TD STYLE="text-align: left">Currency</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Unless otherwise stated, all references in
this Agreement to sums of money are expressed in lawful money of the United States and &#8220;$&#8221; refers to U.S. dollars.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.7</TD><TD STYLE="text-align: left">Accounting Matters</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Unless otherwise stated, all accounting terms
used in this Agreement (i) with respect to the Company shall have the meanings attributable thereto under IFRS and all determinations
of an accounting nature required to be made shall be made in a manner consistent with IFRS consistently applied, and (ii) with respect
to the Parent shall have the meanings attributable thereto under GAAP and all determinations of an accounting nature required to be made
shall be made in a manner consistent with GAAP consistently applied.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.8</TD><TD STYLE="text-align: left">Statutory References</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">In this Agreement, any reference to a statute,
rule, regulation or other statutory instrument or subordinate legislation (including any particular provision thereof) shall be construed
to refer to such statute, rule, regulation or other instrument or legislation (or provision thereof) and to all rules, regulations, instruments
or legislation made thereunder, if any, in each case as the same may from time to time be amended, modified, supplemented, re-enacted
or replaced, in whole or in part.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.9</TD><TD STYLE="text-align: left">Knowledge</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">In this Agreement, references to: (a) &#8220;the
knowledge of the Company&#8221; means the actual knowledge of the Company&#8217;s (i) President and Chief Executive Officer, (ii) Executive
Vice President and Chief Financial Officer, (iii) Executive Vice President and Chief Strategy Officer, (iv) Vice</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">President, Technical Services, (v) Vice President,
General Counsel and Corporate Secretary, (vi) Vice President, Operations, (vii) Vice President, Geology, and (viii) Chief Human Resources
Officer, in each case, after making due enquiries regarding the relevant matter, and (b) &#8220;the knowledge of the Parent&#8221; means
the actual knowledge of the Parent&#8217;s (i)&nbsp;Chairman, President and Chief Executive Officer, (ii)&nbsp;Senior Vice President and
Chief Financial Officer, (iii)&nbsp;Senior Vice President, General Counsel and Secretary, (iv)&nbsp;Senior Vice President, Exploration,
(v)&nbsp;Senior Vice President and Chief Human Resources Officer, and (vi)&nbsp;Senior Vice President and Chief Operating Officer, in
each case, after making due enquiries regarding the relevant matter.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.10</TD><TD STYLE="text-align: left">Company Disclosure Letter</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Company Disclosure Letter itself and all
information contained in it is confidential information and may not be disclosed unless (a) it is required to be disclosed pursuant to
Law unless such Law permits the Parties to refrain from disclosing the information for confidentiality or other purposes, or (b) a Party,
acting reasonably and in good faith, needs to disclose it in order to enforce or exercise its rights under this Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.11</TD><TD STYLE="text-align: left">Parent Disclosure Letter</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parent Disclosure Letter itself and all
information contained in it is confidential information and may not be disclosed unless (a)&nbsp;it is required to be disclosed pursuant
to Law unless such Law permits the Parties to refrain from disclosing the information for confidentiality or other purposes, or (b)&nbsp;a
Party, acting reasonably and in good faith, needs to disclose it in order to enforce or exercise its rights under this Agreement.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.12</TD><TD STYLE="text-align: left">Schedules</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The following Schedules are annexed to this
Agreement and are incorporated by reference into this Agreement and form a part hereof:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 75%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; text-align: left">Schedule&nbsp;A</TD>
    <TD STYLE="width: 6%; text-align: left">-</TD>
    <TD STYLE="width: 63%; text-align: left">Plan of Arrangement</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Schedule&nbsp;B</TD>
    <TD STYLE="text-align: left">-</TD>
    <TD STYLE="text-align: left">Arrangement Resolution</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Schedule&nbsp;C</TD>
    <TD STYLE="text-align: left">-</TD>
    <TD STYLE="text-align: left">Form of Parent Charter Amendment</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Schedule&nbsp;D</TD>
    <TD STYLE="text-align: left">-</TD>
    <TD STYLE="text-align: left">Form of Resignation and Mutual Release</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Schedule&nbsp;E</TD>
    <TD STYLE="text-align: left">-</TD>
    <TD STYLE="text-align: left">Form of Company Voting Agreement</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Schedule&nbsp;F</TD>
    <TD STYLE="text-align: left">-</TD>
    <TD STYLE="text-align: left">Form of Parent Voting Agreement</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: left; text-indent: 153pt"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;2<BR>
THE ARRANGEMENT</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.1</TD><TD STYLE="text-align: left">Arrangement</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parties agree that the Arrangement will
be implemented in accordance with and subject to the terms and conditions contained in this Agreement and the Plan of Arrangement.</P>


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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.2</TD><TD STYLE="text-align: left">Approvals</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">The Company represents and warrants to the Parent that:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in; text-align: left">(i)</TD><TD>the Company Board has received an oral opinion to be subsequently
confirmed in writing (each, a &#8220;<B>Company Fairness Opinion</B>&#8221;) from each of the Company Financial Advisors that, as of
the date of such opinion and subject to the assumptions, limitations and qualifications set out therein, the Consideration to be received
by Company Shareholders pursuant to the Arrangement is fair, from a financial point of view, to the Company Shareholders;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">the Special Committee, after receiving financial and legal advice and the Company Fairness Opinions, has
unanimously (A)&nbsp;determined that the Arrangement is fair to the Company Shareholders and in the best interests of the Company, and
(B)&nbsp;recommended to the Company Board that the Company Board (1) approve this Agreement and the Arrangement, and (2)&nbsp;recommend
that the Company Shareholders vote in favour of the Arrangement Resolution; and</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">the Company Board, after receiving financial and legal advice and the Company Fairness Opinions and the
recommendation of the Special Committee, has unanimously (A) determined that the Arrangement is fair to the Company Shareholders and in
the best interests of the Company, and (B)&nbsp;resolved to recommend that the Company Shareholders vote in favour of the Arrangement
Resolution (the &#8220;<B>Company Board Recommendation</B>&#8221;).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">The Parent represents and warrants to the Company that:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">the Parent Board has received the separate opinions of BMO Capital Markets Corp. and RBC Capital Markets,
LLC each to the effect that, as of the date of such opinion and based on and subject to the various assumptions made, procedures followed,
matters considered and qualifications and limitations on the review undertaken set forth therein, the Exchange Ratio provided for pursuant
to this Agreement is fair, from a financial point of view, to the Parent;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">the Parent Board, after evaluating the Arrangement in consultation with the Parent&#8217;s management
and legal and financial advisors, has unanimously: (A) determined that the entering into of this Agreement is in the best interests of
the Parent and the Parent Stockholders; and (B)&nbsp;has resolved to recommend that the Parent Stockholders vote to approve the Parent
Charter Amendment and the Parent Stock Issuance (the &#8220;<B>Parent Board Recommendation</B>&#8221;).</TD></TR></TABLE>


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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.3</TD><TD STYLE="text-align: left">Interim Order</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">As promptly as reasonably practicable following
the execution of this Agreement, the Company shall apply to the Court in a manner acceptable to the Parent, acting reasonably, pursuant
to Part 9, Division 5 of the BCBCA, to schedule the Interim Order hearing with the Court for a date on or about the fifteenth (15th) calendar
day immediately following the date of filing of the Parent Proxy Statement with the U.S. Securities and Exchange Commission (&#8220;<B>U.S.
SEC</B>&#8221;); provided that the Company shall reschedule such hearing if the SEC Clearance is not obtained (or not obtainable) by the
third (3rd) business day prior to the date of the hearing; provided further that in the event such hearing is rescheduled, the Company
shall use commercially reasonable efforts to reschedule such hearing to occur as soon as reasonably practicable following the receipt
of SEC Clearance, in each case subject to the availability of the Court and subject to and in accordance with the requirements of NI 54-101
with respect to the Company Meeting. Notwithstanding the foregoing, the Company shall not be required to schedule the Interim Order hearing
for a date prior to the thirtieth (30th) day following the date of this Agreement. The Company shall prepare, file and diligently pursue
an application for the Interim Order, which shall provide, among other things:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">for the class(es) of Persons to whom notice is to be provided in respect of the Arrangement and the Company
Meeting and for the manner in which such notice is to be provided;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">for confirmation of the record date for the purposes of determining the Company Shareholders entitled
to notice of and to vote at the Company Meeting in accordance with the Interim Order;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">that the record date for Company Shareholders entitled to notice of and to vote at the Company Meeting
will not change as a result of any adjournment(s) or postponement(s) of the Company Meeting unless required by the Court or by Law;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">that the Company Meeting may be held as a virtual or hybrid meeting, and that Company Shareholders that
participate in the Company Meeting through virtual means, if applicable, will be deemed to be present at the Company Meeting;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">that the requisite approval (collectively, the &#8220;<B>Company Shareholder Approval</B>&#8221;) for
the Arrangement Resolution shall be the affirmative vote of at least:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">66&#8532;% of the votes cast on the Arrangement Resolution by the Company Shareholders present in person
or by proxy and entitled to vote at the Company Meeting and voting as a single class; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">to the extent required by MI 61-101, a simple majority of the votes cast on the Arrangement Resolution
by the Company Shareholders present in person or represented by proxy and entitled to vote at the Company Meeting, voting as a single
class, excluding, for this purpose, the votes for Company Shares held or controlled by Persons whose votes are required to be excluded
by MI 61-101;</TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">that, in all other respects, the terms, conditions and restrictions of the Company&#8217;s constating
documents, including quorum requirements and other matters, shall apply in respect of the Company Meeting unless otherwise ordered by
the Court;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left">for the grant of Dissent Rights to the Company Shareholders who are registered Company Shareholders as
of the record date for the Company Meeting, as contemplated in the Plan of Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left">for the notice requirements with respect to the presentation of the application to the Court for the Final
Order;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">that the Company Meeting may be adjourned or postponed from time to time by the Company Board subject
to the terms of this Agreement or as otherwise agreed between the Parties without the need for additional approval of the Court;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: left">that the Parties intend to rely on the exemption from registration requirements provided by section 3(a)(10)
of the U.S. Securities Act for the issuance of Consideration Shares pursuant to the Plan of Arrangement, subject to and conditioned upon
the Court&#8217;s approval of the Arrangement and determination following a hearing that the Arrangement is substantively and procedurally
fair and reasonable to each Person to whom Consideration Shares will be issued; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: left">for such other matters as the Parent or the Company may reasonably require, subject to obtaining the prior
written consent of the other Party, such consent not to be unreasonably withheld, conditioned or delayed.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.4</TD><TD STYLE="text-align: left">Company Meeting</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Subject to the terms of this Agreement, the
Company shall, as soon as reasonably practicable after the earliest to occur of (x) the U.S. SEC informing the Parent that it has no remaining
comments to, or will not review, the Parent Proxy Statement (and the Parent agrees to advise the Company of such matters promptly after
the U.S. SEC informs the Parent of such) or (y) the passage of at least ten (10) calendar days (as calculated pursuant to Rule 14a-6 of
the U.S. Exchange Act) since the filing of a preliminary Parent Proxy Statement with the U.S. SEC not informing the Parent that it intends
to review the Parent Proxy Statement (in either case, &#8220;<B>SEC Clearance</B>&#8221;):</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">duly call, give notice of, convene and conduct the Company Meeting (including by virtual means) in accordance
with the Interim Order, the Company&#8217;s constating documents and applicable Laws as promptly as reasonably practicable, using commercially
reasonable efforts to convene and conduct the Company Meeting as soon as practicable, and in any event, within fifty (50) days of the
receipt of the SEC Clearance (and, in that regard, the Company shall abridge, as necessary, any time period that may be abridged under
NI 54-101); provided that the Parent shall cooperate with the Company and use commercially reasonable efforts to set the record dates
for, schedule and convene the Company Meeting and the Parent Meeting on the same date and at the same time;</TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">in consultation with the Parent, fix and publish a record date for the purposes of determining the Company
Shareholders entitled to receive notice of and to vote at the Company Meeting;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">not adjourn, postpone or cancel (or propose or permit the adjournment, postponement or cancellation of)
the Company Meeting except (i)&nbsp;as required by applicable Laws or a Governmental Entity, (ii)&nbsp;as required for quorum purposes
(in which case the meeting shall be adjourned and not cancelled), (iii) if at any time following the dissemination of the Company Circular,
the Company reasonably determines in good faith that the Company Shareholder Approval is unlikely to be obtained at the Company Meeting
(in which case the meeting shall be adjourned and not cancelled); (iv) the Company Board shall have determined in good faith (after consultation
with outside legal counsel) that it is necessary or appropriate to postpone or adjourn the Company Meeting in order to give Company Shareholders
sufficient time to evaluate any information or disclosure that the Company has sent or otherwise made available to such holders by issuing
a press release, filing materials with the Canadian Securities Authorities or otherwise; (v) as permitted by Section&nbsp;9.3(b); (vi)&nbsp;with
the Parent&#8217;s prior written consent; or (vii) if the Parent adjourns or postpones the Parent Meeting (in which case the Company may
adjourn or postpone the Company Meeting to the same date and time as the Parent Meeting); provided, that Company shall be permitted to
postpone or adjourn the Company Meeting pursuant to clause (ii), (iii) and (iv) on no more than two occasions in the aggregate and no
such adjournment shall delay the Company Meeting by more than ten (10) days from the prior-scheduled date or to a date that is on or after
the fifth (5<SUP>th</SUP>) business day preceding the Outside Date;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">promptly advise the Parent as the Parent may reasonably request, and at least on a daily basis on each
of the last ten (10) business days prior to the date of the Company Meeting as to the aggregate tally of the proxies received by the Company
in respect of the Arrangement Resolution;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">promptly (and in no event later than two (2) business days after receipt of notice) advise the Parent
of any written communication from any Company Shareholder in opposition to the Arrangement (except for non-substantive communications
from any Company Shareholder that purports to hold less than 0.1% of Company Shares (provided that communications from such Company Shareholder
are not substantive in the aggregate)), written notice of dissent or purported exercise by any Company Shareholder of Dissent Rights received
by the Company in relation to the Arrangement Resolution and any withdrawal of Dissent Rights received by the Company and, subject to
applicable Law, any written communications sent by or on behalf of the Company to any Company Shareholder exercising or purporting to
exercise Dissent Rights in relation to the Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">unless the Company Board has made a Company Change in Recommendation in accordance with Section 7.4(a),
solicit proxies in favour of the Arrangement Resolution and against any resolution submitted by any Company Shareholder (unless otherwise
consented to by the Parent) and, in connection therewith, in consultation with the Parent, use the services of one or more proxy solicitation
services (at the expense of the Company);</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left">provide the Parent with copies of or access to information regarding the Company Meeting generated by
any proxy solicitation services engaged by the Company, as requested from time to time by the Parent;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left">not change the record date for the Company Shareholders entitled to vote at the Company Meeting in connection
with any adjournment or postponement of the Company Meeting unless required by the Court or by Law;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">not make any compromise, payment or settlement offer, or agree to any compromise, payment or settlement
with respect to, or otherwise negotiate any exercise of any Dissent Rights without the prior written consent of the Parent (not to be
unreasonably withheld, conditioned or delayed); and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: left">give notice to the Parent of the Company Meeting and allow its Representatives and legal counsel to attend
the Company Meeting (including by virtual means).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.5</TD><TD STYLE="text-align: left">Parent Meeting</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Subject to the terms of this Agreement, as
soon as reasonably practicable after SEC Clearance, the Parent shall:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">duly call, give notice of, convene and conduct the Parent Meeting (including by virtual means) in accordance
with the Parent&#8217;s constating documents and applicable Laws as promptly as reasonably practicable, using commercially reasonable
efforts to convene and conduct the Parent Meeting as soon as practicable, and in any event, within fifty (50) days of the receipt of the
SEC Clearance; provided that the Parent shall cooperate with the Company and use commercially reasonable efforts to schedule and convene
the Company Meeting and the Parent Meeting on the same date and at the same time;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">in consultation with the Company, fix and publish a record date for the purposes of determining the Parent
Stockholders entitled to receive notice of and to vote at the Parent Meeting;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">not adjourn, postpone or cancel (or propose or permit the adjournment, postponement or cancellation of)
the Parent Meeting except (i)&nbsp;as required by applicable Laws or a Governmental Entity, (ii)&nbsp;as required for quorum purposes
(in which case the meeting shall be adjourned and not cancelled), (iii) if, after consultation with the Company and following the dissemination
of the Parent Proxy Statement, Parent reasonably determines in good faith that the Parent Stockholder Approvals are unlikely to be obtained
at the Parent Meeting (in which case the meeting shall be adjourned and not cancelled); (iv) the Parent Board shall have determined in
good faith (after consultation with outside legal counsel) that it is necessary or appropriate to postpone or adjourn the Parent Meeting
in order to give Parent Stockholders sufficient time to evaluate any information or disclosure that the Parent has sent or otherwise made
available to such holders by issuing a press release, filing materials with the SEC or otherwise; (v) as permitted by Section&nbsp;9.3(b),
(vi)&nbsp;with the Company&#8217;s prior written consent, or (vii) if the Company adjourns or postpones the Company Meeting (in which
case the Parent</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">shall adjourn or postpone the Parent Meeting
to the same date and time as the Company Meeting); provided, that Parent shall be permitted to postpone or adjourn the Parent Meeting
pursuant to clause (ii), (iii) and (iv) on no more than two occasions in the aggregate, and no such adjournment shall delay the Parent
Meeting by more than ten (10) days from the prior-scheduled date or to a date that is on or after the fifth (5<SUP>th</SUP>) business
day preceding the Outside Date;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">promptly advise the Company as the Company may reasonably request, and at least on a daily basis on each
of the last ten (10) business days prior to the date of the Parent Meeting, as to the aggregate tally of the proxies received by the Parent
in respect of the Parent Charter Amendment and Parent Stock Issuance;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">promptly (and in no event later than two (2) business days after receipt of notice) advise the Company
of any written communication from any Parent Stockholder in opposition to the Arrangement, the Parent Charter Amendment or Parent Stock
Issuance (except for non-substantive communications from any Parent Stockholder that purports to hold less than 0.1% of Parent Shares
(provided that communications from such Parent Stockholder are not substantive in the aggregate));</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">unless the Parent Board has made a Parent Change in Recommendation in accordance with Section 8.4(a),
solicit proxies in favour of the Parent Charter Amendment and Parent Stock Issuance and against any resolution submitted by any Parent
Stockholder (unless otherwise consented to by the Company) and, in connection therewith, in consultation with the Company, use the services
of one or more proxy solicitation services (at the expense of the Parent);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left">provide the Company with copies of or access to information regarding the Parent Meeting generated by
any proxy solicitation services engaged by the Parent, as requested from time to time by the Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left">not change the record date for the Parent Stockholders entitled to vote at the Parent Meeting in connection
with any adjournment or postponement of the Parent Meeting unless required by Law;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">give notice to the Company of the Parent Meeting and allow its Representatives and legal counsel to attend
the Parent Meeting (including by virtual means); and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: left">propose that the only matters to be acted on by Parent Stockholders at the Parent Meeting are (i) the
approval of the Parent Charter Amendment, (ii) the approval of the Parent Stock Issuance and (iii) if the Parent has not received proxies
representing a sufficient number of Parent Shares to obtain the Parent Stockholder Approvals, the adjournment of the Parent Meeting to
solicit additional proxies.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left">2.6</TD><TD>Preparation of Company Circular and the Parent Proxy Statement</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Promptly following the entry into this Agreement, the Company shall prepare, together with any other documents
required by the BCBCA, the Company&#8217;s constating documents, Canadian Securities Laws and all other applicable Laws, and shall use
its reasonable best efforts to cause to be filed with the TSX and the</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">Canadian Securities Authorities as promptly
as practicable after obtaining the Interim Order (with the making of such filing subject to the Parent furnishing the information required
under Section&nbsp;2.6(e)), the Company Circular relating to matters to be submitted to the Company Shareholders at the Company Meeting.
The Company shall use reasonable best efforts to cause the Company Circular to comply as to form and substance in all material respects
with the rules and regulations promulgated by Canadian Securities Laws and the requirements of applicable Law, and to respond as promptly
as practicable to any comments of the TSX, Canadian Securities Authorities or their respective staff. The Company will advise the Parent
promptly after it receives any request by the TSX or Canadian Securities Authorities for amendment of the Company Circular or receives
any comments thereon and responses thereto or any request by the TSX or Canadian Securities Authorities for additional information, and
shall provide the Parent with copies of all substantive correspondence that is provided by or on behalf of it, on one hand, and by the
TSX or Canadian Securities Authorities, on the other hand. The Company shall use its reasonable best efforts to resolve any comments from
the TSX and Canadian Securities Authorities with respect to the Company Circular as promptly as reasonably practicable after receipt thereof.
The Company agrees to permit the Parent (to the extent practicable) and its counsel, to participate in all substantive meetings and conferences
with the TSX or Canadian Securities Authorities with respect to the foregoing matters. Notwithstanding the foregoing, prior to filing
or mailing the Company Circular (or any amendment or supplement thereto) or responding to any substantive comments of the TSX or Canadian
Securities Authorities with respect thereto, the Company will (A) provide the Parent with a reasonable opportunity to review and comment
on such document or response (including the proposed final version of such document or response), (B) consider in good faith for inclusion
in such document or response all comments reasonably and promptly proposed by the Parent and (C) not file or mail such document or respond
to the TSX or Canadian Securities Authorities prior to receiving the approval of the Parent, which approval shall not be unreasonably
withheld, conditioned or delayed.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">Promptly following the entry into this Agreement, the Parent shall prepare, together with any other documents
required by U.S. Securities Laws and all other applicable Laws, and shall use its reasonable best efforts to cause to be filed with the
U.S. SEC as promptly as practicable following the execution of this Agreement (with the making of such filing subject to the Company furnishing
the information required under Section&nbsp;2.6(f)), the Parent Proxy Statement relating to matters to be submitted to the Parent Stockholders
at the Parent Meeting. The Parent shall use reasonable best efforts to cause the Parent Proxy Statement to comply as to form and substance
in all material respects with the rules and regulations promulgated by the U.S. SEC and the requirements of applicable Law, and to respond
as promptly as practicable to any comments of the U.S. SEC or its staff. The Parent will advise the Company promptly after it receives
any request by the U.S. SEC for amendment of the Parent Proxy Statement or receives any comments thereon and responses thereto or any
request by the U.S. SEC for additional information, and the Parent shall provide the Company with copies of all substantive correspondence
that is provided by or on behalf of it, on one hand, and by the U.S. SEC on the other</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">hand. The Parent shall use its reasonable
best efforts to resolve any comments from the U.S. SEC with respect to the Parent Proxy Statement as promptly as reasonably practicable
after receipt thereof. The Parent agrees to permit the Company (to the extent practicable) and its counsel, to participate in all substantive
meeting and conferences with the U.S. SEC with respect to the foregoing matters. Notwithstanding the foregoing, prior to filing or mailing
the Parent Proxy Statement (or any amendment or supplement thereto) or responding in writing to any substantive comments of the U.S. SEC
with respect thereto, the Parent will (A) provide the Company with a reasonable opportunity to review and comment on such document or
response (including the proposed final version of such document or response), (B) consider in good faith for inclusion in such document
or response all comments reasonably and promptly proposed by the Company, and (C) not file or mail such document or respond to the U.S.
SEC prior to receiving the approval of the Company, which approval shall not be unreasonably withheld, conditioned or delayed.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">The Company Circular shall: (i)&nbsp;include a copy of the Company Fairness Opinions; (ii) state that
the Company Board has received the Company Fairness Opinions and the recommendation of the Special Committee, and, subject to the terms
of this Agreement, has unanimously determined, after receiving legal and financial advice, that the Arrangement is fair to the Company
Shareholders and that the Arrangement and entry into this Agreement are in the best interests of the Company; (iii) subject to the terms
of this Agreement, contain the unanimous recommendation of the Company Board (subject to any abstentions due to entitlement to &#8220;collateral
benefits&#8221; under MI 61-101) to Company Shareholders that they vote in favour of the Arrangement Resolution; and (iv) include statements
that each of the directors and senior officers of the Company has signed a Company Voting Agreement, pursuant to which, and subject to
the terms thereof, they have agreed to, among other things, vote their Company Shares and/or Company Options in favour of the Arrangement
Resolution.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">The Parent Proxy Statement shall: (i) state that the Parent Board has evaluated the Arrangement in consultation
with Parent&#8217;s management and legal and financial advisors, and has unanimously determined that the Arrangement and entry into this
Agreement are in the best interests of the Parent; (ii) subject to the terms of this Agreement, contain the unanimous recommendation of
the Parent Board to Parent Stockholders that they vote in favour of the Parent Charter Amendment and Parent Stock Issuance; (iii)&nbsp;include
a copy of the separate opinions of BMO Capital Markets Corp. and RBC Capital Markets, LLC to the Parent Board; (iv) include statements
that each of the directors and senior officers of the Parent has signed a Parent Voting Agreement, pursuant to which, and subject to the
terms thereof, they have agreed to, among other things, vote their Parent Shares in favour of the Parent Charter Amendment and Parent
Stock Issuance; and (v) state the Company Director Nominees who shall become members of the Parent Board as of the Effective Time.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">The Parent will promptly furnish to the Company such data and information relating to it, its Subsidiaries
(including the Purchaser), the Consideration Shares and the holders of its capital stock, as is required by applicable Laws and as the
Company may reasonably request for the purpose of including such data and</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">information in the Company Circular and
any amendments or supplements thereto, including any information required for the preparation by the Parent of any pro forma financial
statements. The Parent shall use reasonable best efforts to obtain any necessary consents from any of its auditors, Qualified Persons
(as defined in NI 43-101), reserves evaluators or other advisors to the use of any financial, technical or other expert information required
to be included in the Company Circular relating to it or its Subsidiaries (including the Purchaser) and to the identification in the Company
Circular of each such advisor.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">The Company will promptly furnish to the Parent such data and information relating to it, its Subsidiaries
and the Company Shareholders, as is required by applicable Laws and as the Parent may reasonably request for the purpose of including
such data and information in the Parent Proxy Statement and any amendments or supplements thereto, including any information required
for the preparation by the Parent of any pro forma financial statements. The Company shall use reasonable best efforts to obtain any necessary
consents from any of its auditors, Qualified Persons (as defined in NI 43-101), reserves evaluators or other advisors to the use of any
financial, technical or other expert information required to be included in the Parent Proxy Statement relating to it or its Subsidiaries
and to the identification in the Parent Proxy Statement of each such advisor.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left">The Parent and the Company shall each use reasonable best efforts to coordinate with each other to prepare
common disclosure that will be included in both the Company Circular and the Parent Proxy Statement, and shall, to the extent reasonably
practicable, provide that such disclosure is generally consistent as between the Company Circular and the Parent Proxy Statement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left">The Parent and the Company shall make all necessary filings with respect to the Arrangement under the
U.S. Securities Act and the U.S. Exchange Act and applicable blue sky laws and the rules and regulations thereunder. Each Party will advise
the other, promptly after it receives notice thereof, of the issuance of any stop order, or the suspension of the qualification of the
Consideration Shares issuable in connection with the Arrangement for offering or sale in any jurisdiction. Each of the Company and the
Parent will use reasonable best efforts to have any such stop order or suspension lifted, reversed or otherwise terminated.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">If at any time prior to the Effective Time, any information relating to the Parent or the Company, or
any of their respective affiliates, officers or directors, should be discovered by the Company or the Parent that should be set forth
in an amendment or supplement to either of the Company Circular or the Parent Proxy Statement, so that such documents would not include
any misstatement of a material fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading, the Party which discovers such information shall promptly notify the other Party and an appropriate
amendment or supplement describing such information shall be promptly filed with the U.S. SEC, the Canadian Securities Authorities or
any other Governmental Entity as required, as applicable, and, to the extent required by applicable Law, disseminated to the Company Shareholders
or the Parent Stockholders, as applicable.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.7</TD><TD STYLE="text-align: left">Final Order</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">If (A) the Interim Order is obtained, (B) the
Company Shareholder Approval is obtained at the Company Meeting as provided for in the Interim Order and (C) the Parent Stockholder Approvals
are obtained at the Parent Meeting, the Company shall (a) diligently pursue and take all steps necessary to submit the Arrangement before
the Court as promptly as reasonably practicable but, in any event, within four (4) business days after the Company Shareholder Approval
is obtained and (b) diligently pursue an application for the Final Order pursuant to section 291 of the BCBCA.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.8</TD><TD STYLE="text-align: left">Court Proceedings</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Subject to the terms of this Agreement, the
Company will diligently pursue all Court proceedings relating to obtaining the Interim Order and Final Order, and the Parent will cooperate
with, assist and consent to the Company in seeking the Interim Order and the Final Order, including by providing the Company on a timely
basis any information reasonably requested or required to be supplied by the Parent in connection therewith. The Company will provide
the Parent and its legal counsel with a reasonable opportunity to review and comment upon drafts of all material to be filed with the
Court in connection with the Arrangement, including by providing on a timely basis a description of any information to be supplied by
the Parent for inclusion in such material, prior to the service and filing of such material, and will give reasonable consideration to
all such comments. Subject to applicable Law, the Company will not file any material with the Court in connection with the Arrangement
or serve any such material, and will not agree to modify or amend materials so filed or served, except as contemplated by this Section
2.8 or with the Parent&#8217;s prior written consent, such consent not to be unreasonably withheld, conditioned or delayed; provided that
nothing herein shall require the Parent to agree or consent to any increase in Consideration or other modification or amendment to such
filed or served materials that expands or increases the Parent&#8217;s obligations set forth in any such filed or served materials or
under this Agreement or the Arrangement. The Company shall also provide to the Parent&#8217;s outside counsel on a timely basis copies
of any notice of appearance or other Court documents served on the Company in respect of the application for the Interim Order or the
Final Order or any appeal therefrom and of any notice, whether written or oral, received by the Company indicating any intention to oppose
the granting of the Interim Order or the Final Order or to appeal the Interim Order or the Final Order. The Company will ensure that all
materials filed with the Court in connection with the Arrangement are consistent in all material respects with the terms of this Agreement
and the Plan of Arrangement. In addition, the Company will not object to the Parent&#8217;s legal counsel making such submissions on the
hearing of the motion for the Interim Order and the application for the Final Order as such counsel considers appropriate, provided that
the Company is advised of the nature of any submissions at least 24 hours prior to the hearing and such submissions are consistent with
this Agreement and the Plan of Arrangement. The Company will also oppose any proposal from any Person that the Final Order contain any
provision inconsistent with this Agreement or the Plan of Arrangement, and, if at any time after the issuance of the Final Order and prior
to the Effective Date, the Company is required by the terms of the Final Order or by Law to return to Court with respect to the Final
Order, it shall do so after notice to, and in consultation and cooperation with, the Parent.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.9</TD><TD STYLE="text-align: left">U.S. Securities Law Matters</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parties agree that the Arrangement will
be carried out with the intention that, and will use their commercially reasonable best efforts to ensure that, all Consideration Shares
issued pursuant to</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">the Arrangement will be issued by the Parent
in reliance on the exemption from the registration requirements of the U.S. Securities Act provided by section&nbsp;3(a)(10) thereof and
pursuant to exemptions from applicable state securities laws. In order to ensure the availability of the exemption provided by section&nbsp;3(a)(10)
of the U.S. Securities Act and to facilitate the Parent&#8217;s compliance with other U.S. Securities Laws, the Parties agree that the
Arrangement will be carried out on the following basis:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">the Court will be asked to approve the procedural and substantive fairness of the Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">pursuant to Section&nbsp;2.4, the Court will be advised of the intention of the Parties to rely upon the
exemption provided by section&nbsp;3(a)(10) of the U.S. Securities Act prior to the hearing required to approve the procedural and substantive
fairness of the Arrangement to the Company Shareholders to whom the Consideration Shares will be issued;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">the Court will be advised prior to the hearing to approve the Interim Order that its approval of the Arrangement
will be relied upon as a determination that the Court has satisfied itself as to the procedural and substantive fairness of the Arrangement
to all Company Shareholders who are entitled to receive Consideration Shares pursuant to the Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">the Company will ensure that each Person entitled to receive the Consideration Shares pursuant to the
Arrangement will be given adequate notice, in a timely manner, advising them of their right to attend the hearing of the Court to give
approval of the Arrangement and providing them with sufficient information necessary for them to exercise that right;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">each Person entitled to receive the Consideration Shares will be advised that the Consideration Shares
issued pursuant to the Arrangement have not been and will not be registered under the U.S. Securities Act and will be issued by the Parent
in reliance on the exemption provided by section&nbsp;3(a)(10) of the U.S. Securities Act, and that certain restrictions on resale under
U.S. Securities Laws, including, as applicable, Rule 144 under the U.S. Securities Act, may be applicable with respect to securities issued
to Persons who are, or have been within 90 days prior to the Effective Time, affiliates (as defined in Rule 144 under the U.S. Securities
Act) of the Parent;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(f)</TD><TD>the Interim Order will specify that each Company Shareholder and
each holder of Company Options will have the right to appear before the Court at the hearing of the Court to give approval to the Arrangement
so long as they file and deliver a Response to Petition to the Company&#8217;s legal counsel by no later than the date and time specified
in the Interim Order;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left">the Court will hold a hearing approving the procedural and substantive fairness of the Arrangement before
issuing the Final Order; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left">the Final Order will expressly state that the Arrangement serves as the basis for a claim to the exemption
provided by section&nbsp;3(a)(10) of the U.S. Securities Act from</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">the registration requirements otherwise
imposed by the U.S. Securities Act regarding the distribution of securities pursuant to the Plan of Arrangement and is approved by the
Court as being substantively and procedurally fair to the Company Shareholders and the holders of Company Options.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.10</TD><TD STYLE="text-align: left">Treatment of Company Incentive Awards</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">The outstanding Company Incentive Awards shall be treated in accordance with this Section 2.10 and the
Plan of Arrangement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left"><U>Company Options</U>. Prior to the Effective Date and conditional upon the Effective Time having occurred,
the Company shall take such action as may be required to conditionally accelerate the vesting of all unvested Company Options such that,
without further action by or on behalf of the Company Option holders, following the Effective Time and pursuant to the Plan of Arrangement,
such Company Options will be deemed to be cancelled in exchange for the consideration set out in the Plan of Arrangement. The Parties
acknowledge and agree that, (i) to the extent that paragraph 110(1)(d) of the Tax Act is applicable to a holder of Company Options, the
Company will elect under Subsection 110(1.1) of the Tax Act, in prescribed form, in respect of any Company Option of such holder cancelled
pursuant to the Plan of Arrangement, as applicable, that neither the Company, nor any person who does not deal at arm&#8217;s length with
the Company (within the meaning of the Tax Act), will deduct, in computing income for the purposes of the Tax Act, any amount in respect
of a cash payment made to Company Option holders in consideration for the cancellation of their Company Options; and (ii) the Company
will provide each Company Option holder who has surrendered their Company Options with evidence in writing of the election under Subsection
110(1.1) of the Tax Act to the extent that paragraph 110(1)(d) of the Tax Act is applicable to such holder of Company Options. The Company
will pay to the holders of Company Options, through the payroll systems of the Company, all amounts required to be paid to the holders
of Company Options in accordance with the Plan of Arrangement, less any Tax withholding required under applicable Law or in accordance
with Section 2.14, in respect of such Company Options.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left"><U>Company PSUs.</U> Prior to the Effective Date and conditional upon the Effective Time having occurred,
the Company shall take such action as may be required in order to ensure that all Company PSUs shall be fully vested pursuant to the terms
of the Company LTIP and this Agreement such that all the Company PSUs will be redeemed by the Company for cash, to be calculated in accordance
with the terms of the Company LTIP (except that the calculation of the amounts payable shall be determined as at the Value Determination
Date) and the Plan of Arrangement. For the avoidance of doubt, (A) the vesting multiplier applicable to all calculation periods ending
on or prior to the Value Determination Date for each Company PSU shall be determined based on the terms of the Company LTIP; and (B) the
vesting multiplier applicable to all calculation periods ending after the Value Determination Date for each Company PSU shall be (i) 100%,
in the case of Continuing Employees; or (ii) 150% for Non-Continuing Employees. The Company will pay to the holders of Company PSUs, through
the payroll systems of the Company, all amounts required to be paid to the holders of Company PSUs in accordance with</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">the Plan of Arrangement, less any Tax withholding
required under applicable Law or in accordance with Section 2.14, in respect of such Company PSUs.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left"><U>Company DSUs</U>. Prior to the Effective Date and conditional upon the Effective Time having occurred,
the Company shall take such action as may be required in order to ensure that all Company DSUs shall be fully vested pursuant to the terms
of the Company DSU Plan such that all the Company DSUs will all be redeemed by the Company for cash, to be calculated in accordance with
the terms of the Company DSU Plan (except that the calculation of the amounts payable shall be determined as at the Value Determination
Date). The Company will pay to the holders of Company DSUs, through the payroll systems of the Company, all amounts required to be paid
to the holders of Company DSUs in accordance with the Plan of Arrangement, less any Tax withholding required under applicable Law or in
accordance with Section 2.14, in respect of such Company DSUs.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(e)</TD><TD><U>Company RSUs</U>. Prior to the Effective Date and conditional
upon the Effective Time having occurred, Company RSUs shall be treated as follows:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Company RSUs held by Non-Continuing Employees (&#8220;<B>Accelerated RSUs</B>&#8221;) will be fully vested
pursuant to, and redeemed for cash in accordance with, the terms of the Company LTIP (except that the calculation of the amounts payable
shall be determined as at the Value Determination Date). The Company will pay to the holders of such Accelerated RSUs, through the payroll
systems of the Company, all amounts required to be paid to them for their Accelerated RSUs in accordance with this Plan of Arrangement,
less any Tax Withholding required under applicable Law or in accordance with Section 2.14, in respect of such Company RSUs.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">Company RSUs held by Continuing Employees shall be amended by multiplying each such Company RSU by the
Exchange Ratio, and thereafter, the holder thereof shall be entitled to the number of Company RSUs as is equal to the product of such
amendment (the &#8220;<B>Revised Company RSUs</B>&#8221;); (ii) upon the vesting of such Revised Company RSUs following the Effective
Time, each such Revised Company RSU shall entitle the holder thereof to receive a payment in cash, in accordance with the terms of the
Company LTIP, with reference to the trading price of the Parent Shares rather than the Company Shares; and (iii) such Revised Company
RSUs shall remain outstanding and governed by the terms of the Company LTIP and any document evidencing the Company RSUs (subject to amendments
as contemplated in this Section).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left">2.11</TD><TD>Effective Date</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">The Arrangement shall become effective on the date that is three business days following the date on which
all the conditions set forth in Section 6.1, Section 6.2 and Section 6.3 have been satisfied or waived in accordance with the terms of
this Agreement and the Plan of Arrangement (excluding conditions that, by their terms, cannot be satisfied until the Effective Date, but
subject to the satisfaction or, where</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">permitted, waiver of those conditions as
of the Effective Date) unless another date or time is agreed to in writing by the Parties. From and after the Effective Time, the Plan
of Arrangement will have all of the effects provided by applicable Law, including the BCBCA.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">The closing of the Arrangement will take place remotely by electronic exchange of documents and signatures
(or their electronic counterparts) at 8:00 a.m. (Toronto time) on the Effective Date, or at such other time and place as may be agreed
to by the Parties.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.12</TD><TD STYLE="text-align: left">Payment of Consideration</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parent will, following receipt by the Company
of the Final Order, and no later than the business day prior to the Effective Date determined in accordance with Section&nbsp;2.11,&nbsp;deposit
in escrow, or cause to be deposited in escrow, with the Depositary (the terms and conditions of such escrow to be satisfactory to the
Parties, acting reasonably) sufficient Consideration Shares to satisfy the Consideration payable pursuant to the Arrangement. All payments
of any kind in settlement or satisfaction of the rights of any registered Company Shareholder exercising Dissent Rights and all payments
contemplated in Sections 2.10 and 5.12 including any payments made to holders of Company Incentive Awards and any payments to holders
of Company RSUs will be made by, and from the funds set aside prior to the Effective Time by, the Company.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left">2.13</TD><TD>Announcement and Shareholder Communications</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parent and the Company shall jointly publicly
announce the transactions contemplated hereby promptly following the execution of this Agreement by the Parties, the text and timing of
the announcement to be approved by each Party in advance, acting reasonably. The Parent and the Company agree to co-operate in the preparation
of presentations, if any, to the Company Shareholders or the Parent Stockholders regarding the transactions contemplated by this Agreement,
and neither the Parent nor the Company (except as permitted by Article&nbsp;7) shall (a)&nbsp;issue any press release or otherwise make
public announcements with respect to this Agreement or the Plan of Arrangement without the consent of the other applicable Party (which
consent shall not be unreasonably withheld, conditioned or delayed) or (b) make any filing with any Governmental Entity with respect thereto
without prior consultation with the other applicable Party; provided, however, that each Party shall be permitted to make any disclosure
or filing required under applicable Laws and the applicable Party making such disclosure shall use its commercially reasonable efforts
to give prior oral or written notice to the other applicable Party and reasonable opportunity to review or comment on the disclosure or
filing, and if such prior notice is not reasonably practicable, to give such notice immediately following the making of such disclosure
or filing. To the extent reasonably practicable and permitted by Law, the Parent and the Company, as applicable, shall provide prior notice
to the other applicable Party of any material public disclosure that it proposes to make regarding its business or operations, together
with a draft copy of such disclosure. The receiving Party and its legal counsel shall be given a reasonable opportunity to review and
comment on such information prior to such information being disseminated publicly or filed with any Governmental Entity and, if such prior
notice is not possible, shall be given such notice immediately following the making of such disclosure or filing. Reasonable consideration
shall be given to any comments made by the receiving Party and its counsel pursuant to this Section&nbsp;2.13. Notwithstanding the foregoing,
the provisions of this Section&nbsp;2.13 related to the approval or contents of filings with Governmental Entities will not</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">apply with respect to filings in connection
with the Regulatory Approvals, the Company Circular, the Parent Proxy Statement, the Interim Order or the Final Order which are governed
by other sections of this Agreement. The restrictions set forth in this Section&nbsp;2.13 shall not apply to any release or public statement
in connection with any dispute regarding this Agreement or the transactions contemplated hereby.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.14</TD><TD STYLE="text-align: left">Withholding Taxes</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parent, the Company, the Depositary, their
respective Subsidiaries and any other Person on their behalf, shall be entitled to deduct and withhold from any amounts payable to any
Person pursuant to the Arrangement and under this Agreement including amounts distributed to any former Company Shareholder or former
holders of Company Incentive Awards, such amounts as the Parent, the Company, the Depositary and their respective Subsidiaries, or any
Person on behalf of any of the foregoing, is or may be required or permitted to deduct or withhold with respect to such payment under
the Tax Act, the U.S. Tax Code, or any provision of local, state, federal, provincial or foreign Law, in each case, as amended, or under
the administrative practice of the relevant Governmental Entity administering such Law, and to request from any recipient of any payment
hereunder any necessary tax forms or any other proof of exemption from withholding or any similar information. To the extent that amounts
are so deducted or withheld, such deducted or withheld amounts shall be treated for all purposes hereof as having been paid to the Person
to whom such amounts would otherwise have been paid. Any Person that deducts or withholds any amount pursuant to this Section 2.14 shall
remit such deducted or withheld amounts to the applicable Governmental Entity. In any case where the amount so required or permitted to
be deducted or withheld from any payment to a holder exceeds the cash portion of the consideration otherwise payable, the Parent, the
Company, the Depositary, their respective Subsidiaries, and any Person on behalf of the foregoing, as the case may be, is authorized to
sell or otherwise dispose of such portion of the consideration as is necessary in order to fully fund such liability, and such Person
shall remit any unapplied balance of the net proceeds of such sale to the holder.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.15</TD><TD STYLE="text-align: left">U.S. Tax Matters</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Arrangement is intended to qualify as a
reorganization within the meaning of Section 368(a) of the U.S. Tax Code and this Agreement and the Plan of Arrangement are intended to
be a &#8220;plan of reorganization&#8221; within the meaning of the U.S. Treasury Regulations promulgated under Section 368 of the U.S.
Tax Code (the &#8220;<B>Intended U.S. Tax Treatment</B>&#8221;). In particular, for United States federal income tax purposes, the acquisition
of Company Shares pursuant to the Arrangement shall be treated as an acquisition of such shares by a direct, wholly-owned subsidiary of
Parent. Each Party shall file all Tax Returns consistent with the Intended U.S. Tax Treatment, unless otherwise required by applicable
Law. Following the Effective Date, the Parent will prepare and file in accordance with U.S. Treasury Regulations (including by posting
a copy on the investor relations section of its website) an Internal Revenue Service Form 8937 with respect to the Arrangement. Each Party
shall act in a manner that is consistent with the Intended U.S. Tax Treatment, and, except as required by applicable Law, shall not take
any action, or knowingly fail to take any action, if such action or failure to act would reasonably be expected to prevent the Arrangement
from qualifying as a reorganization.</P>


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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.16</TD><TD STYLE="text-align: left">List of Shareholders</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">At the reasonable request of the Parent from time to time, the Company shall provide the Parent with a
list (in both written and electronic form) of the registered Company Shareholders, together with their addresses and respective holdings
of Company Shares, a list of the names and addresses and holdings of all Persons having rights issued by the Company to acquire Company
Shares (including holders of Company Options, Company RSUs, Company PSUs and Company DSUs), a list of non-objecting beneficial owners
of Company Shares, together with their addresses and respective holdings of Company Shares (provided such list may only be used in the
manner prescribed in section&nbsp;7.1 of NI 54&#45;101). The Company shall from time to time furnish, and shall require that its registrar
and transfer agent furnish, the Parent with such additional information, including updated or additional lists of the Company Shareholders,
the holdings of such Company Shareholders, holders of Company Options, Company RSUs, Company PSUs, Company DSUs and other assistance as
the Parent may reasonably request.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">At the reasonable request of the Company from time to time, the Parent shall provide the Company with
a list (in both written and electronic form) of the registered Parent Stockholders, together with their addresses and respective holdings
of Parent Shares, and a list of the names and addresses and holdings of all Persons having rights issued by the Parent to acquire Parent
Shares. The Parent shall from time to time furnish, and shall require that its registrar and transfer agent furnish, the Company with
such additional information, including updated or additional lists of the Parent Stockholders, the holdings of such Parent Stockholders
and other assistance as the Company may reasonably request.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.17</TD><TD STYLE="text-align: left">Governance</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in">The Parent covenants with
the Company that it will take all actions necessary to ensure that, promptly following the Effective Time, two of the members of the Company
Board shall be members of the Parent Board (the &#8220;<B>Company Director Nominees</B>&#8221;) and at the next annual general meeting
of the Parent held to consider the election of directors that occurs following the Effective Date, the Company Director Nominees shall
be nominated by the Parent for election as a director of the Parent, provided that (i) the Company Director Nominees meet any applicable
qualification requirements to serve as directors under applicable Laws, and (ii) the Company Director Nominees have delivered to the Parent
a consent to act as a director of the Parent.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;3<BR>
REPRESENTATIONS AND WARRANTIES OF the Company</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.1</TD><TD STYLE="text-align: left">Representations and Warranties</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Except as disclosed in (x)&nbsp;the forms,
documents and reports filed or furnished by the Company on SEDAR+ or EDGAR (including all exhibits, supplements and schedules thereto
and information incorporated by reference) and publicly available since January 1, 2023 and prior to the date hereof (but excluding any
disclosures set forth in any &#8220;risk factors&#8221; section, any disclosures in any &#8220;forward looking statements&#8221; section
and any other disclosures included therein in each case to the extent they are predictive or forward-looking in nature), or (y) the Company
Disclosure Letter</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">(which disclosures shall apply against any
representations and warranties to which it is reasonably apparent it should relate), the Company hereby represents and warrants to the
Parent and the Purchaser as follows, and acknowledges that the Parent and the Purchaser are relying upon such representations and warranties
in connection with the entering into of this Agreement:</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left"><U>Organization and Qualification</U>. The Company and each of its Subsidiaries is duly incorporated or
an entity duly created and validly existing under all applicable Laws of its jurisdiction of incorporation, continuance or creation, and
has the requisite power and authority to own its assets and conduct its business as now owned and conducted. The Company and each of its
Subsidiaries is duly qualified to carry on business and has authority to own, lease and operate properties, assets and carry on business
as presently conducted, and is in good standing in each jurisdiction where such qualification is applicable and in which the character
of its properties or the nature of its activities makes such qualification necessary, except where the failure to be so qualified would
not, individually or in the aggregate, have a Company Material Adverse Effect. True and complete copies of the constating documents of
the Company and each of its Subsidiaries have been delivered or made available to the Parent, and no action has been taken to amend or
supersede such documents.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left"><U>Authority Relative to this Agreement</U>. The Company has the requisite corporate power and authority
to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement by the Company and
the performance by the Company of its obligations under this Agreement have been duly authorized by the Company Board and no other corporate
proceedings on the part of the Company are necessary to authorize this Agreement or the consummation of the Arrangement, other than the
Interim Order, the Final Order, approval of the Company Circular by the Company Board and the Company Shareholder Approval. This Agreement
has been duly executed and delivered by the Company and constitutes a valid and binding obligation of the Company, enforceable by the
Parent and the Purchaser against the Company in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy,
insolvency, reorganization or other Laws of general application relating to or affecting creditors&#8217; rights generally, and subject
to the qualification that equitable remedies, including specific performance, may be granted only in the discretion of a court of competent
jurisdiction.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(c)</TD><TD><U>No Conflict; Required Filings and Consent</U>.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The execution and delivery by the Company of this Agreement and the performance by it of its obligations
hereunder and the completion of the Arrangement and the other transactions contemplated hereby do not and will not (or would not with
the giving of notice, the lapse of time or both, or the happening of any other event or condition):</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">violate, conflict with or result in a breach of:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: left">the constating documents of the Company or those of any of its Subsidiaries;</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: left">except as disclosed in Schedule 3.1(c) of the Company Disclosure Letter, any Company Material Contract
or Authorization to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound,
except as would not, individually or in the aggregate, have a Company Material Adverse Effect; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: left">any Law to which the Company or its Subsidiaries is subject or by which the Company or its Subsidiaries
is bound, subject to receipt of the Regulatory Approvals and except as would not, individually or in the aggregate, have a Company Material
Adverse Effect;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: left">except as disclosed in Schedule&nbsp;3.1(c) of the Company Disclosure Letter, give rise to any right of
termination, allow any Person to exercise any rights, or cause or permit the termination, cancellation, acceleration or other change of
any right or obligation or the loss of any benefit to which the Company or any of its Subsidiaries is entitled, under any Contract or
Authorization to which the Company or any of its Subsidiaries is a party, except as would not, individually or in the aggregate, have
a Company Material Adverse Effect; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: left">give rise to any pre-emptive rights, including rights of first refusal or rights of first offer, or trigger
any change in control provisions or any restriction or limitation under any Contract or Authorization, or result in the imposition of
any Lien (other than a Company Permitted Lien) upon any of the Company&#8217;s assets or the assets of any of its Subsidiaries, except
as would not, individually or in the aggregate, have a Company Material Adverse Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">Other than obtaining the Regulatory Approvals, compliance with the rules and policies of the TSX and the
NYSE American, as applicable, and obtaining the Interim Order and the Final Order, no Authorization of, or other action by or in respect
of, or filing, recording, registering or publication with, or notification to, any Governmental Entity is necessary on the part of the
Company or any of its Subsidiaries in order for the Company to proceed with the execution and delivery of this Agreement and the consummation
of the Arrangement and the other transactions contemplated by this Agreement, except as would not, individually or in the aggregate, prevent
or materially delay the consummation of the Arrangement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD><U>Subsidiaries</U>.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Company does not have Subsidiaries or hold, directly or indirectly, any interests in any Person, including
any equity interests, other than those listed in Schedule&nbsp;3.1(d) of the Company Disclosure Letter. Other than as provided herein,
none of the Company&#8217;s Subsidiaries is currently</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">prohibited, directly or indirectly, from
paying any dividends to the Company, from making any other distribution on such Subsidiary&#8217;s shares, or from repaying to the Company
any loans or advances made thereto.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The following information with respect to each of the Company&#8217;s Subsidiaries is accurately set out
in Schedule 3.1(d) of the Company Disclosure Letter: (A) its name; (B) the Company&#8217;s percentage equity ownership of it and if applicable,
any other shareholder&#8217;s ownership of it; (C) capital stock; (D) its board of directors and any other officer; (E) its valid powers
of attorney; and (F) its jurisdiction of incorporation, organization or formation.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">The Company beneficially owns, directly or indirectly, all of the issued and outstanding securities of
each of its Subsidiaries and there are no outstanding options, rights, entitlements, understandings or commitments (contingent or otherwise)
to acquire any issued or unissued securities or other ownership interests in any of the Company&#8217;s Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">All of the issued and outstanding shares or other equity securities in the capital of each of the Company&#8217;s
Subsidiaries are: (A) validly issued, fully-paid and, where the concept exists, non-assessable (and no such shares or other equity interests
have been issued in violation of any pre-emptive or similar rights) and all such shares or other equity interests are owned free and clear
of all Liens (other than Company Permitted Liens); and (B) free of any other restrictions including any restriction on the right to vote,
sell or otherwise dispose of shares or other equity interests.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left"><U>Compliance with Laws and Constating Documents</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 3.1(e), the Company and each of its Subsidiaries is and, since January
1, 2023, has been, in compliance, in all material respects, with all applicable Laws in each jurisdiction in which it conducts business
and, to the knowledge of the Company, neither the Company nor any of its Subsidiaries is under investigation with respect to any material
violation of applicable Laws from any Governmental Entity, or has received any notice that any material violation of any Law is being
or may be alleged from any Governmental Entity.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">As of the date hereof, none of the Company or its Subsidiaries is in conflict with, or in default (including
cross defaults) under or in violation of its articles or by-laws or equivalent organizational documents, except as would not, individually
or in the aggregate, have a Company Material Adverse Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left"><U>Company Authorizations</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Company and its Subsidiaries have obtained, and are in compliance in all material respects with, all
Authorizations required by Law (including Environmental Law) that are necessary to conduct their business as now</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">being conducted, and such Authorizations
are in full force and effect in accordance with their terms. True copies of all such material Authorizations have been made available
to the Parent and are listed in Schedule 3.1(f) of the Company Disclosure Letter.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Company and its Subsidiaries have fully complied with and are in compliance with all such Authorizations,
except, in each case, for such non-compliance which, individually or in the aggregate, would not have a Company Material Adverse Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">No action, investigation or proceeding is pending or, to the knowledge of the Company, threatened against
the Company or any of its Subsidiaries in respect of or regarding any such Authorization that would reasonably be expected to result in
a suspension, loss or revocation of any such Authorization, except in each case, for revocations, non-renewals or amendments which would
not, individually or in the aggregate, have a Company Material Adverse Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left"><U>Capitalization and Listing</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The authorized share structure of the Company consists of an unlimited number of Company Shares without
par value. As at the close of business on October&nbsp;31, 2025, there were: (A) 791,714,742 Company Shares validly issued and outstanding
as fully-paid and non-assessable shares of the Company; (B) <FONT STYLE="color: black">216,998</FONT> outstanding Company Options providing
for the issuance of up to <FONT STYLE="color: black">216,998 Company Shares upon the exercise thereof</FONT>; (C) <FONT STYLE="color: black">7,718,819</FONT>
outstanding Company RSUs; (D) <FONT STYLE="color: black">6,019,525</FONT> outstanding Company PSUs, which are subject to a multiplier from
0% to 200% depending upon the achievement level of certain performance targets, providing for the issuance of up to <FONT STYLE="color: black">6,019,525
Company Shares upon the exercise thereof (assuming a 100% multiplier)</FONT>; and (E) <FONT STYLE="color: black">2,245,873</FONT> outstanding
Company DSUs. Except for the Company Options, Company RSUs, Company PSUs and Company DSUs referred to in this Section&nbsp;3.1(g) and
as set forth in Schedule 3.1(g) and Schedule 3.1(g) of the Company Disclosure Letter, (1) there are no other options, warrants, conversion
privileges, calls or other rights, shareholder rights plans, agreements, arrangements, commitments, or obligations of the Company or any
of its Subsidiaries requiring any of them to issue or sell any shares or other securities of the Company or of any of its Subsidiaries,
or any securities or obligations convertible into, exchangeable or exercisable for, or otherwise carrying or evidencing the right or obligation
to acquire, any securities of the Company (including Company Shares) or any Subsidiary of the Company, and (2) no Person is entitled to
any pre-emptive or other similar right granted by the Company or any of its Subsidiaries. All Company Shares issuable upon the exercise
of outstanding Company Options, Company RSUs, and Company PSUs will, when issued in accordance with the terms of their respective plans,
as the case may be, be duly authorized, validly issued, fully-paid and non-assessable, and are not and will not be subject to, or issued
in violation of, any pre-emptive rights.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">Schedule&nbsp;3.1(g) of the Company Disclosure Letter sets forth, as of the date hereof, (A) the employee
number and holdings of each Person who holds outstanding Company Options, Company RSUs, Company PSUs and Company DSUs, and (B) the exercise
price of each Company Option.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">There are no outstanding contractual obligations of the Company or any of its Subsidiaries to repurchase,
redeem or otherwise acquire any Company Shares or any shares of any of its Subsidiaries, or qualify securities for public distribution
in Canada or elsewhere, or with respect to the voting or disposition of any securities of the Company or any of its Subsidiaries. No Subsidiary
of the Company owns any Company Shares.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">All outstanding securities of the Company have been issued in material compliance with all applicable
Laws and any pre-emptive or similar rights applicable to them.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">There are no outstanding bonds, debentures or other evidences of indebtedness of the Company or any of
its Subsidiaries, or any other agreements, arrangements, instruments or commitments of any kind giving any Person, directly or indirectly,
the right to vote (or that are convertible or exercisable for securities having the right to vote) with the holders of the Company Shares
on any matters, except Company Options, Company RSUs and Company PSUs.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left"><U>Shareholder and Similar Agreements</U>. Neither the Company nor any of its Subsidiaries is party to
any shareholder, pooling, voting trust or other similar agreement relating to the ownership or voting of any issued and outstanding Company
Shares or the shares of any of the Company&#8217;s Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left"><U>Reporting Issuer Status</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Company is a reporting issuer in each of the provinces and territories of Canada, is not on the list
of reporting issuers in default (or the equivalent) under applicable Securities Laws in any such province or territory and is in material
compliance with all Securities Laws applicable therein.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Company has not taken any action to cease to be a reporting issuer in any province of Canada, nor
has the Company received notification from the Ontario Securities Commission, as principal regulator, or any other applicable securities
commissions or securities regulatory authority of a province of Canada seeking to revoke the Company&#8217;s reporting issuer status.
No delisting of, suspension of trading in, or cease trade order with respect to, any securities of the Company and, to the knowledge of
the Company, no inquiry or investigation (formal or informal) of any Canadian Securities Authority has occurred, is in effect or ongoing
or, to the knowledge of the Company, has been threatened in writing with respect to the foregoing.</TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: left"><U>Reports</U>. Since January 1, 2023, the Company has filed with all applicable Governmental Entities
the Company Public Documents that the Company is required to file in accordance with applicable Securities Laws. The Company Public Documents
as of their respective dates (and the dates of any amendments thereto): (A)&nbsp;did not contain any untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading, and (B)&nbsp;complied in all material respects with the requirements of applicable Securities
Laws. Any amendments to the Company Public Documents required to be made have been filed on a timely basis with the applicable Governmental
Entity. The Company has not filed any confidential material change report with any Governmental Entity which at the date hereof remains
confidential.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: left"><U>Stock Exchange Matters</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Company Shares are listed on the TSX and the NYSE American and are not listed or quoted on any market
other than the TSX and the NYSE American.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Company is in compliance in all material respects with the applicable listing and corporate governance
rules and regulations of the TSX and the NYSE American. The Company has not taken any action which would be reasonably expected to result
in the delisting or suspension of the Company Shares on or from the TSX or the NYSE American.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD STYLE="text-align: left"><U>Financial Statements</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The audited consolidated financial statements for the Company and its Subsidiaries as at and for the fiscal
years ended December 31, 2024 and 2023, including the notes thereto, the reports by the Company&#8217;s auditors thereon and related management&#8217;s
discussion and analysis, have been, and all financial statements of the Company which are publicly disseminated by the Company in respect
of any subsequent periods prior to the Effective Date will be, (A)&nbsp;prepared in accordance with IFRS applied on a basis consistent
with prior periods and all applicable Laws, and (B)&nbsp;present fairly, in all material respects, the assets, liabilities (whether accrued,
absolute, contingent or otherwise), consolidated financial position and results of operations of the Company and its Subsidiaries as of
the respective dates thereof and for the periods indicated therein, and its results of operations and cash flows for the respective periods
covered thereby (except as may be indicated expressly in the notes thereto). There have been no material changes to the Company&#8217;s
accounting policies applied in the preparation of the aforementioned financial statements, except as described in the Company Public Documents,
since December 31,&nbsp;2024.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Company has: (A) designed such disclosure controls and procedures, or caused them to be designed under
the supervision of its President and Chief Executive Officer and its Executive Vice President and Chief Financial Officer to provide reasonable
assurance that material information</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">relating to the Company and its Subsidiaries
is made known to the President and Chief Executive Officer and the Executive Vice President and Chief Financial Officer of the Company
by others,&nbsp;particularly during the periods in which annual or interim filings are being prepared; and (B) designed such internal
controls over financial reporting, or caused them to be designed under such Chief Executive Officer&#8217;s and Chief Financial Officer&#8217;s
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with IFRS.</P>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">The Company has established &#8220;disclosure controls and procedures&#8221; and &#8220;internal control
over financial reporting&#8221; (each as defined in NI 52-109) to the extent required by NI 52-109 and Securities Laws, and, as of the
date hereof, the Company does not have knowledge, and has not been advised by its auditors, of any &#8220;material weakness&#8221; (as
defined in NI 52-109), in each case, except as disclosed in the Company Public Documents.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">Since January 1, 2024, neither the Company nor any of its Subsidiaries nor, to the Company&#8217;s knowledge,
any Representative of the Company or any of its Subsidiaries has received or has knowledge of any complaint, allegation or claim, whether
written or oral, alleging that the accounting or auditing practices or internal auditing controls of the Company or any of its Subsidiaries
are not compliant with applicable Laws or IFRS, which has not been resolved to the satisfaction of the audit committee of the Company
Board.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD STYLE="text-align: left"><U>Auditors</U>. There is not now, and there has not been within the past ten (10) years, any reportable
event (as defined in NI 51-102) with respect to the present or any former auditor of the Company, and, to the Company&#8217;s knowledge,
there has never been any such reportable event.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(n)</TD><TD STYLE="text-align: left"><U>No Undisclosed Liabilities</U>. The Company and its Subsidiaries, on a consolidated basis, have no
material outstanding liabilities or obligations of any nature, whether or not accrued, contingent, unasserted or absolute, except for:
(A) liabilities and obligations that are specifically presented on the audited balance sheet of the Company as of December&nbsp;31, 2024
or disclosed in the notes thereto; (B)&nbsp;liabilities and obligations that are disclosed in the Company Public Documents; (C)&nbsp;liabilities
and obligations incurred in the ordinary course; or (D)&nbsp;liabilities and obligations incurred in connection with the Arrangement and
this Agreement (including transaction related expenses).</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(o)</TD><TD><U>Interest in Properties and Mineral Rights</U>.</TD>
</TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Schedule 3.1(o) of the Company Disclosure Letter discloses, as of the date of this Agreement: (A) all
material real property owned by the Company and its Subsidiaries (&#8220;<B>Company Owned Real Property</B>&#8221;); (B)&nbsp;all material
real property leased, subleased, licensed and/or otherwise used or occupied (whether as tenant, subtenant, licensee or pursuant to any
other occupancy arrangement) by the Company or its Subsidiaries, in each case, in</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">connection with the operation of the
business of the Company and its Subsidiaries as it is now being conducted (&#8220;<B>Company Leased Real Property</B>&#8221; and together
with the Company Owned Real Property, the &#8220;<B>Company Property</B>&#8221;); and (C) all Mineral Rights, concessions, leases, option
agreements, exploration agreements, and mining claims and millsites of the Company and its Subsidiaries that are material to the operation
of their business as currently conducted (collectively, with the Company Property, the &#8220;<B>Company Mineral Interests</B>&#8221;).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Company or one of its Subsidiaries is the sole legal holder of record of, and is the sole legal registered
and beneficial owner of, and has good and marketable title to the Company Mineral Interests, free and clear of all Liens (except Company
Permitted Liens). The Company or a Subsidiary enjoys peaceful and undisturbed possession of the Company Leased Real Property under Contracts
pursuant to which the Company or a Subsidiary holds its interest in the Company Leased Real Property. All leasehold contracts of the Company
and its Subsidiaries are in good standing and are valid, binding, and enforceable in accordance with their respective terms and there
does not exist under any such lease any material default or any event which (with or without due notice of lapse of time or both) would
constitute a material default, and the Company and its Subsidiaries are in compliance with any material condition or restriction under
any leasehold contracts.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">All of the mineral claims held by the Company in the Mineral Titles Online Registry maintained by the
Province of British Columbia, the unpatented lode mining claims held by the Company in the Mining Lands Administration System maintained
by the Province of Ontario and mineral concessions held by the Company or any of its Subsidiaries comprising Company Mineral Interests,
in each case, have been properly staked, located or registered and are recorded or in the process of being recorded in compliance with
applicable Law in all material respects and are comprised of valid and subsisting mineral claims.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">The Company Mineral Interests are in good standing under applicable Law and, to the knowledge of the Company,
all work required to be performed and filed in respect thereof has been performed in all material respects and filed, all Taxes, rentals,
fees, expenditures and other payments in respect thereof have been paid or incurred in all material respects, and all material filings
in respect thereof have been made. To the knowledge of the Company, the Company or a Subsidiary of the Company has a public or private
right of access to all Company Mineral Interests. Without limiting the foregoing:</TD></TR></TABLE>

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<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">with respect to the unpatented mining claims held by the Company in the Mining Lands Administration System
maintained by the Province of Ontario and comprising portions of the Company Mineral Interests (collectively, the &#8220;<B>Company Unpatented
Claims</B>&#8221;), (1) all such Company Unpatented Claims are recorded in accordance with the requirements of the <I>Mining Act</I> (Ontario),
(2)</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: left">with regard to all Company Unpatented Claims,
the Company has filed all required assessment work reports or filings in a timely manner and they were properly filed and recorded with
the Province of Ontario and all Company Unpatented Claims are in good standing as of the date hereof, (3) any required fees regarding
the Company Unpatented Claims have been paid to date and (4) the Company Unpatented Claims are not subject to any competing claims that
would materially adversely affect the conduct of the business of the Company or its Subsidiaries as currently conducted, subject to any
statutory or Crown reservations for such Company Unpatented Claims; and</P>

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<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: left">with respect to any mineral claims held by the Company in the Mineral Titles Online Registry maintained
by the Province of British Columbia comprising portions of the Company Mineral Interests (collectively, the &#8220;<B>Company Mineral
Claims</B>&#8221;), (1) all such Company Mineral Claims are recorded in accordance with the requirements of the <I>Mineral Tenure Act</I>
(British Columbia), (2) with regard to all Company Mineral Claims, the Company has filed all required reports of exploration and development
work (or has made payment in lieu of conducting required exploration and development work) in a timely manner and they were properly filed
and recorded with the Province of British Columbia and all Company Mineral Claims are in good standing as of the date hereof, (3) any
required fees regarding the Company Mineral Claims have been paid to date, and (4) the Company Mineral Claims are not subject to any competing
claims that would materially adversely affect the conduct of the business of the Company or its Subsidiaries as currently conducted, subject
to any statutory or Crown reservations for such Company Mineral Claims.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">Except as set out in the Company Public Documents and in Schedule&nbsp;3.1(o) of the Company Disclosure
Letter, no Person other than the Company and its Subsidiaries has any material interest in the Company Mineral Interests or the production
or profits therefrom or any royalty or streaming or similar interest in respect thereof or any right to acquire any such interest from
the Company or any of its Subsidiaries.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">There are no back-in rights, earn-in rights, rights of first refusal or similar provisions or rights which
would materially affect the Company&#8217;s or a Subsidiary&#8217;s interest in the Company Mineral Interests.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">There are no material restrictions on the ability of the Company and its Subsidiaries to (A) use or exploit
the Company Mineral Interests in the manner currently used or exploited, or (B) transfer the Company Mineral Interests (other than as
disclosed in Schedule 3.1(o) of the Company Disclosure Letter), except, in each case, any restrictions imposed by Law or the terms of
the Company Mineral Interests.</TD></TR></TABLE>


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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: left">Neither the Company nor any of its Subsidiaries has received any notice, whether written or oral, from
any Governmental Entity or any Person of any revocation, annulment, suspension, expropriation, or challenge to ownership, adverse claim
or intention to revoke, expropriate or challenge the interest of the Company or its Subsidiaries in any of the Company Mineral Interests
and, to the knowledge of the Company, there is no intention or proposal to give such notice. There are no material disputes regarding
boundaries, easements, rights of way, covenants or other matters relating to any of the Company Mineral Interests.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: left">Except as disclosed in the Company Public Documents, the Company and its Subsidiaries have all surface
rights, including fee simple estates, leases, easements, rights of way and permits or licences from landowners or Governmental Entities
permitting the use of land by the Company and its Subsidiaries, and Company Mineral Interests that are required as at the date of this
Agreement to conduct its current operations.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: left">All mines and mineral properties formerly owned by the Company or any of its Subsidiaries which were abandoned
by the Company or any of its Subsidiaries were abandoned in all material respects in accordance with customary mining industry practice
and standards and applicable Laws. The Company Public Documents accurately disclose, in all material respects, all material remediation
and reclamation obligations known to the Company as of the applicable dates set forth in such Company Public Documents.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: left">With respect to the Company Mineral Interests, true and correct copies of all material title documents
and any amendments thereto in the possession or control of the Company or its Subsidiaries have been made available to the Parent as of
the date of this Agreement.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xii)</TD><TD STYLE="text-align: left">The Company has provided the Parent with access to full and complete copies of all material exploration
information and data within its possession or control including all material geological, geophysical and geochemical information and data
(including all drill, sample and assay results and all maps) and all of its technical reports, feasibility studies and other similar reports
and studies concerning the Company Mineral Interests and the Company or one of its Subsidiaries has the sole right, title and ownership
of all such information, data, reports and studies.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xiii)</TD><TD STYLE="text-align: left">The execution, delivery and performance of this Agreement by the Company will not violate, conflict with
or result in a violation or breach of any provision of, or require a consent, approval or notice under or constitute a default under or
result in a right of termination under or with respect to any Company Mineral Interests.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xiv)</TD><TD STYLE="text-align: left">All activities conducted on the (A) Company Mineral Interests and (B) the Cerro San Pedro mining project
located in San Luis Potos&iacute;, Mexico by the Company or its Subsidiaries or, to the knowledge of the Company, by any other Person
appointed by the Company, have been carried out in all</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">material respects in accordance with
customary mining industry practice and standards and applicable Laws, and neither the Company nor any of its Subsidiaries, nor, to the
knowledge of the Company, any other Person, has received any notice of any material breach of any such applicable Laws.</P>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xv)</TD><TD STYLE="text-align: left">Except as set out in Schedule 3.1(o) of the Company Disclosure Letter, there have been no incidents of
material non-compliance with safety legislation in connection with operations or activities at the Company&#8217;s or any of its Subsidiaries&#8217;
mine sites in the 18 months preceding the date of this Agreement.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xvi)</TD><TD STYLE="text-align: left">Neither the Company, nor any of its Subsidiaries, nor to the knowledge of the Company, any Person which
owns or controls the Company or any of its Subsidiaries, has been notified by any Governmental Entity, that the Company or any of its
Subsidiaries is: (A) ineligible to receive any mining permit (including any surface mining permit); or (B) under investigation to determine
whether their eligibility to receive such permits should be revoked.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xvii)</TD><TD STYLE="text-align: left">Except as set forth in Schedule&nbsp;3.1(o) of the Company Disclosure Letter, neither the Company nor
its Subsidiaries owns, in whole or in part, any real property that contains residential dwelling units.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(p)</TD><TD STYLE="text-align: left"><U>Mineral Reserves and Resources</U>. The estimates of mineral resources and mineral reserves for mineral
properties for the Company or its Subsidiaries, as set forth in the Company Public Documents, were prepared, in all material respects,
in accordance with customary mining, engineering, geoscience and other applicable industry standards and practices and disclosed, in all
material respects, in accordance with applicable Laws, including the requirements of NI 43-101. There has been no material reduction in
the aggregate amount of estimated mineral reserves, estimated mineral resources or mineralized material with respect to such properties,
from the amounts most recently set forth in the Company Public Documents, with the exception of depletion in the ordinary course. The
information provided by the Company and its Subsidiaries to the Qualified Persons (as defined in NI 43-101) in connection with the preparation
of such estimates was accurate and complete in all material respects at the time such information was provided.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(q)</TD><TD STYLE="text-align: left"><U>Scientific and Technical Information.</U></TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Rainy River mine located in Ontario, Canada and the New Afton mine located in British Columbia, Canada
are the only properties material to the Company for the purpose of NI 43-101. The technical reports prepared for the Company titled &#8220;NI
43-101 Technical Report, Rainy River Mine, Ontario, Canada&#8221; with an effective date of December 31, 2024 and &#8220;Technical Report,
New Afton Mine, British Columbia, Canada&#8221; with an effective date of December 31, 2024 (collectively, the &#8220;<B>Company Technical
Reports</B>&#8221;) complied in all material respects with the requirements of NI 43-101 at the time of filing thereof. The Company made
available to the authors of the Company Technical Reports, prior to issuance</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">thereof, for the purpose of preparing
such reports, all information requested by them and none of such information contained any Misrepresentation as of the time such information
was provided. The Company is in compliance in all material respects with the provisions of NI 43-101, has filed all technical reports
required thereby, and there has been no material change of which the Company is aware that would materially disaffirm or materially change
any aspect of the Company Technical Reports or that would require the filing of a new technical report under NI 43-101.</P>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Company holds, through one of its Subsidiaries, the Cerro San Pedro mining project located in San
Luis Potos&iacute;, Mexico, the operations of which are currently in a post-closure and remediation phase. All material scientific and
technical reports and related information with respect to such project were duly filed with the competent mining and administrative authorities
during the period in which the project was operational in Mexico, as well as those required in connection with the closure and remediation
of the project. Copies of such reports and information have been made available, and none of such materials contained any Misrepresentation
as of the date they were provided. The Company has complied in all material respects with all applicable technical reporting, post-closure
and remediation requirements in respect of such project and further represents and warrants that the Cerro San Pedro project was duly
completed in accordance with applicable mining obligations. There are no pending or outstanding administrative, environmental, or regulatory
proceedings relating to the Cerro San Pedro project that would reasonably be expected to result in a material liability of the Company
or any of its Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(r)</TD><TD STYLE="text-align: left"><U>Personal Property</U>. The Company and its Subsidiaries have good and valid title to, or a valid and
enforceable leasehold interest in, all personal property that is, individually or in the aggregate, material to the operation of the Company&#8217;s
business as currently conducted, free and clear of any Liens (other than Company Permitted Liens).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(s)</TD><TD STYLE="text-align: left"><U>Employment Matters</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">A complete list of each Company Employee who is at the manager level and above for the corporate office
of the Company or who is on a site management team of the Company as at the date hereof has been made available to the Parent, together
with each such Company Employee&#8217;s (A) position, (B) work location (city and province), (C) date of hire, (D) annual base salary
or hourly rate of pay, (E) any employment benefits of over $15,000 per Company Employee, and incentive or bonus arrangement, (F) bonus
paid for the most recently completed year, (G) accrued vacation time, (H) status as active or inactive (and where inactive, the reason
for such leave and expected date of return, if known), (I) age, and (J) whether on an indefinite or fixed term contract. The Company has
provided a complete list of each Company Employee as at the date hereof setting forth each Company Employee&#8217;s (A) position, (B)
work location (city and province), (C) date of hire, (D) annual base salary or hourly rate of pay, (E) whether</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">eligible for any incentive or bonus arrangement,
(F) bonus paid for the most recently completed year, (G) accrued vacation time, (H) status as active or inactive (and where inactive,
the reason for such leave and expected date of return, if known).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Company and each of its Subsidiaries have made available to the Parent the form(s) of the Contracts
executed by each Company Employee who is at the manager level and above for the corporate office of the Company or who is on a site management
team of the Company and the Contracts of all Company Employees are substantially in the form(s) of the Contracts made available to the
Parent, and no Company Employee Contract materially deviates therefrom.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">Other than as disclosed in Schedule&nbsp;3.1(s) of the Company Disclosure Letter or as provided for or
permitted by this Agreement or the Plan of Arrangement, neither the Company nor any of its Subsidiaries has entered into any written or
oral agreement providing for employment, severance, retention, bonus, golden parachute, change of control, or termination payments or
entitlements to any current or former Company Employee in connection with the termination of their position or their employment with the
Company or any of its Subsidiaries, in connection with the consummation of the Arrangement, or as a result of a change in control of the
Company.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">Other than as disclosed in Schedule 3.1(s) of the Company Disclosure Letter, as at the date hereof, neither
the Company nor any of its Subsidiaries (A)&nbsp;is a party to any collective bargaining agreement, or (B)&nbsp;is subject to any union
certification or application for certification or, to the knowledge of the Company, threatened or apparent union-organizing campaigns
for employees not covered under a collective bargaining agreement. To the knowledge of the Company, no labour strike, lock-out, slowdown
or work stoppage is pending or threatened against or directly affecting the Company or any of its Subsidiaries. As at the date hereof,
there are no employee associations, voluntary recognized or certified unions authorized to represent any of the employees of the Company
or any of its Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">All amounts due or accrued for all salary, wages, bonuses, commissions, vacation pay, sick days and benefits
under the Company Benefit Plans have either been paid or are accurately reflected in the books and records of the Company and its Subsidiaries
in all material respects in accordance with IFRS or, in the case of bonuses or other incentive payments not yet determined, the Company
has made reasonable accruals or estimates therefor in the books and records of the Company. All liabilities in respect of the Company
Employees have or shall have been paid or accrued to the Effective Date, including premium contributions, remittances and assessments
for employment insurance, employer health tax, Canada Pension Plan, income tax, workers&#8217; compensation and any other employment-related
legislation.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">The Company and its Subsidiaries are in material compliance with all material terms and conditions of
employment (including the terms of any applicable collective bargaining agreement) and applicable Laws relating to employment or termination
of employment, including pay equity, employees&#8217; profit sharing (<I>participaci&oacute;n de los trabajadores en las utilidades de
las empresas</I>) obligations, subcontracting regime (<I>r&eacute;gimen de subcontrataci&oacute;n</I>) in terms of the Mexican Federal
Labor Law (<I>Ley Federal del Trabajo</I>), assignment of employees and personnel provision services, wages, hours of work, overtime,
vacation, human rights, employer health tax and social security contributions payment, workers&#8217; compensation and occupational health
and safety.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 3.1(s) of the Company Disclosure Letter, there are no material employment-related
claims, complaints, investigations or orders under applicable Laws respecting employment now pending or, to the knowledge of the Company,
threatened against the Company or any of its Subsidiaries by or before any Governmental Entity as of the date of this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: left">To the knowledge of the Company, each of the Company and its Subsidiaries has properly characterized retained
individuals as either employees or independent contractors for the purposes of Taxes and other applicable Laws, and none of them has received
any notice from any Governmental Entity disputing such classification.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: left">Each and every Company Employee has all the necessary permits under applicable Laws to lawfully work in
the country of their employment, including without limitation any working visa that may be required. Each of the Company and its Subsidiaries
has the necessary permits to employ each and every Company Employee in terms of applicable Laws, including without limitation any migratory
permit to hire foreign employees, as applicable.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: left">Other than as provided for or permitted by this Agreement or the Plan of Arrangement, other than in the
ordinary course (including annual cost-of-living salary increases or statutory collective bargaining agreements annual reviews), since
December 31, 2024, the Company and its Subsidiaries have not granted or promised any Company Employee any extraordinary or special increases
in compensation or benefits, or any payment of any bonus, or deferred compensation or similar arrangement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: left">As of the date hereof, no Company Employee who is at the manager level and above for the corporate office
of the Company or who is on a site management team of the Company has given written notice to the Company and/or its Subsidiaries of an
intention to terminate employment and, to the knowledge of the Company, no such Company Employee intends to terminate employment. To the
knowledge of the Company, no Company Employee has been wrongfully terminated for cause as provided by the <I>Ley Federal del Trabajo</I>.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(t)</TD><TD><U>Absence of Certain Changes or Events</U>. Except as disclosed
in the Company Public Documents, since December 31, 2024:</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">the Company and its Subsidiaries have conducted their respective businesses in the ordinary course in
all material respects and have not taken any steps to take any actions which, if taken after the date hereof, would require the Parent&#8217;s
consent pursuant to Section 5.1 of this Agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">there has not been any damage, destruction or other casualty loss with respect to any asset owned, leased
or otherwise used by the Company or any of its Subsidiaries that is material to the Company and its Subsidiaries, taken as a whole, whether
or not covered by insurance (other than in the ordinary course or regular wear and tear);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule&nbsp;3.1(t) of the Company Disclosure Letter, there has not been any acquisition
or disposition (including any reconveyance) by the Company or any of its Subsidiaries of any property or asset that would be material
to the Company and its Subsidiaries, taken as a whole, other than as expressly permitted by this Agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">there has not been any material write down by the Company of the value of any of the material assets of
the Company and its Subsidiaries, taken as a whole; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">through to the date of this Agreement, there has not been any change, effect, event, occurrence or state
of facts or circumstance that has had, or would reasonably be expected to have, individually or in the aggregate, a Company Material Adverse
Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(u)</TD><TD STYLE="text-align: left"><U>Litigation</U>. Except as disclosed in Schedule&nbsp;3.1(u) of the Company Disclosure Letter, there
are no claims, actions, suits, demands, arbitrations, charges, indictments, orders, hearings or other civil, criminal, administrative
or investigative proceedings, or other investigations or examinations pending or, to the knowledge of the Company, threatened against
the Company or any of its Subsidiaries, the business of the Company or any of its Subsidiaries, or affecting any of their properties or
assets, before or by any Governmental Entity which, if adversely determined, would have, or would reasonably be expected to have, a Company
Material Adverse Effect or would significantly impede the ability of the Company to consummate the Arrangement. To the knowledge of the
Company, there are no events or circumstances which would reasonably be expected to give rise to or serve as a basis for the commencement
of any such claim, action, suit, demand, arbitration, charge, indictment, order, hearing or other civil, criminal, administrative or investigative
proceeding, or other investigation or examination. There are no outstanding orders, judgments, injunctions, or decrees against the Company
or its Subsidiaries that materially and adversely impact the business, property or assets of the Company and its Subsidiaries. At the
date hereof, neither the Company nor any of its Subsidiaries currently intends to initiate any suit, action, claim or arbitration that
would be material to the Company and its Subsidiaries, taken as a whole.</TD></TR></TABLE>


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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: left"><U>Intellectual Property</U>. Schedule 3.1(v) of the Company Disclosure Letter sets forth a complete list
of all material registered and unregistered Intellectual Property of the Company and its Subsidiaries. The Company and its Subsidiaries
have sufficient rights to use or otherwise exploit the Intellectual Property necessary to carry on the business now operated by them and
(i) there is no action, suit, proceeding or claim pending or, to the knowledge of the Company, threatened by others challenging the rights
of the Company and its subsidiaries in or to any Intellectual Property which is necessary to carry on the business of the Company and
its Subsidiaries as currently carried on, and as set out in the Company Public Documents, and (ii)&nbsp;to the knowledge of the Company,
the conduct of the business as currently carried on as set forth in the Company Public Documents, including the use of Intellectual Property,
does not infringe upon the Intellectual Property of any Person in any material respect. To the knowledge of the Company, no Person is
currently infringing upon, misappropriating or otherwise violating any of the Intellectual Property owned by the Company or its Subsidiaries
in any material respect.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(w)</TD><TD STYLE="text-align: left"><U>Indigenous Claims.</U> There are no material claims or actions with respect to Indigenous rights currently
outstanding or, to the knowledge of the Company, threatened or pending, with respect to the Company Property. There are no material land
entitlement claims having been asserted or any legal actions relating to Indigenous rights having been instituted with respect to the
Company Property, and no dispute in respect of the Company Property with any Indigenous group exists or, to the knowledge of the Company,
is threatened or imminent which, if adversely determined, would have, or would reasonably be expected to have, a Company Material Adverse
Effect. The Company Properties that were <I>ejidos</I> or communal property, as applicable, were disincorporated from the <I>ejido</I>
regime and passed to the private property regime through the adoption of full ownership duly approved by the relevant assembly of <I>ejidatarios</I>,
in which the requirements and formalities established by the applicable agrarian laws were fully complied with (the &#8220;<B>Acts of
Adoption of Full Ownership</B>&#8221;). The relevant Acts of Adoption of Full Ownership were duly notarized before a notary public and
registered before the National Agrarian Registry (<I>Registro Agrario Nacional</I>) and the corresponding Public Registry of Property
(<I>Registro P&uacute;blico de Propiedad</I>). Except as disclosed in Schedule 3.1(w) of the Company Disclosure Letter, no Company Property
is a national, <I>ejidal</I> or communal land and adjoins <I>ejidal</I> or communal land and no Company Property is encroaching on any
private, <I>ejidal</I> or communal property in respect of which any third party, <I>ejido</I> or community may be the owner under any
title of ownership or resolution of endowment and/or restitution of land whatsoever. The Company has made available copies of all material
agreements with Indigenous groups.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: left"><U>Community Relations</U>. To the knowledge of the Company, no authorized representative of any community
in the vicinity (including any <I>ejido</I>) of any of the Company Properties has communicated in writing to the Company or any of its
Subsidiaries: (i) a requirement that the consent of such community be obtained as a condition to continued operation of any such Company
Property, (ii) except as disclosed in Schedule 3.1(x), any violation related to agrarian, <I>ejido</I> or communal restrictions, including
proceedings related to <I>ejido</I> donations or endowments or</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">extensions or requests for <I>ejido</I>
or agrarian appropriations or pre-emptive rights or similar rights in agrarian matters on any of the Company Properties, or (iii) a material
increase in the compensation payments payable by the Company or any of its Subsidiaries under any community development or social framework
or similar agreements as a condition to the continued operation of such Company Properties, other than such communications in the ordinary
course.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(y)</TD><TD STYLE="text-align: left"><U>No Expropriation</U>. No property or asset of the Company or its Subsidiaries (including any Company
Mineral Interests) has been taken or expropriated or suffered a similar proceeding by any Governmental Entity nor has any notice or proceeding
in respect thereof been given or commenced nor, to the knowledge of the Company, is there any threat, intent or proposal to give any such
notice or to commence any such proceeding.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(z)</TD><TD STYLE="text-align: left"><U>Taxes</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Each of the Company and its Subsidiaries has duly and timely filed all material Tax Returns required to
be filed by it (taking into account any applicable extensions) prior to the date hereof and all such Tax Returns are true, complete and
correct in all material respects.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 3.1(z) of the Company Disclosure Letter, no Tax Return of the Company
or any of its Subsidiaries is under audit by any Governmental Entity, and no written or oral notice of such an audit has been received
by the Company. The Company is not a party to, or otherwise subject to, a proceeding in which Taxes are being contested.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">Each of the Company and its Subsidiaries has paid on a timely basis all material Taxes which are due and
payable by it on or before the date hereof (including installments) and has provided accruals in accordance with IFRS in the most recently
published consolidated financial statements of the Company for any Taxes of the Company and its Subsidiaries for the period covered by
such financial statements that have not been paid whether or not shown as being due on any Tax Returns. Since such publication date, no
material liability in respect of Taxes not reflected in such statements or otherwise provided for has been assessed, proposed to be assessed,
incurred or accrued, other than in the ordinary course.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 3.1(z) of the Company Disclosure Letter, no material deficiencies, litigation,
audits, claims, proposed adjustments or matters in controversy exist or have been asserted with respect to Taxes of the Company or any
of its Subsidiaries, and neither the Company, nor any of its Subsidiaries, is a party to any action or proceeding for assessment or collection
of Taxes and no such event has been asserted or, to the knowledge of the Company, threatened against the Company or any of its Subsidiaries,
or any of their respective assets.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">No claim has been made by any Governmental Entity in a jurisdiction where the Company or any of its Subsidiaries
does not file Tax Returns that the</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">Company, or any of its Subsidiaries,
is or may be subject to Tax by that jurisdiction or is or may be required to file a tax return in that jurisdiction.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">There are no Liens with respect to Taxes upon any of the assets of the Company or any of its Subsidiaries
(other than Company Permitted Liens).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">Each of the Company and its Subsidiaries has withheld, deducted or collected all material amounts required
to be withheld, deducted or collected by it on account of Taxes and has remitted all such amounts to the appropriate Governmental Entity
as required by Law. Each of the Company and its Subsidiaries has complied with all related information reporting, withholding and record
retention requirements.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: left">There are no outstanding agreements, arrangements, elections, waivers or objections extending or waiving
the statutory period of limitations applicable to any material claim for, or the period for the collection or assessment or reassessment
of Taxes due from the Company or any of its Subsidiaries, for any taxable period and no request for any such waiver or extension is currently
pending.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: left">The Company and each of its Subsidiaries has made available to the Parent true, correct and complete copies
of all material Tax Returns, examination reports and statements of deficiencies for taxable periods, or transactions consummated, for
which the applicable statutory periods of limitations have not expired.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: left">None of the Company or any of its Subsidiaries has, at any time, directly or indirectly transferred any
property or supplied any services to, or acquired any property or services from, a Person with whom the Company or Subsidiary, as the
case may be, was not dealing at arm&#8217;s length (within the meaning of the Tax Act) for consideration other than consideration equal
to the fair market value of such property or services at the time of transfer, supply or acquisition, as the case may be, nor has the
Company or any of its Subsidiaries been deemed to have done so for purposes of the Tax Act.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: left">The Company and its Subsidiaries have complied in all material respects with the transfer pricing (including
any contemporaneous documentation) provisions of each applicable Law, including for greater certainty, under section&nbsp;247 of the Tax
Act (and the corresponding provisions of any applicable provincial Law).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xii)</TD><TD STYLE="text-align: left">There are no circumstances existing which could result in the material application of Section&nbsp;78
or Sections&nbsp;80 to 80.04 of the Tax Act, or any equivalent provision under provincial Law, to the Company or any of its Subsidiaries.
Except as in accordance with past practices, the Company and its Subsidiaries have not claimed nor will they claim any reserve under any
provision of the Tax Act or any equivalent provincial provision, if, as a result, any material amount could be included in the income
of the Company or its Subsidiaries for any period ending after the Effective Date.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xiii)</TD><TD STYLE="text-align: left">For the purposes of the Tax Act, any applicable Tax treaty and any other relevant Tax purposes (i) the
Company is resident in, and is not a non-resident of, Canada, and is a &#8220;taxable Canadian Corporation&#8221; and (ii) each of its
Subsidiaries is resident in the jurisdiction in which it was formed, and is not resident in any other country and if resident in Canada
and is a corporation, is a &#8220;taxable Canadian corporation&#8221;.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xiv)</TD><TD STYLE="text-align: left">Neither the Company nor any Subsidiary of the Company (i) is, or has been, a member of any affiliated,
consolidated, combined or unitary Tax group, other than a group the common parent of which is the Company or any Subsidiary of the Company,
or (ii) has any liability for any material amount of Taxes of any Person (other than the Company or current or former Subsidiary of the
Company) arising from the application of U.S. Treasury Regulations section 1.1502-6 (or any analogous provision of U.S. state or local
or non-U.S. Tax law) or as a transferee or successor.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xv)</TD><TD STYLE="text-align: left">Neither the Company nor any of its Subsidiaries is a party to, or is bound by or has any obligation under
any material Tax Sharing Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(xvi)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">The Company and each of its Subsidiaries retains all material tax, accounting
and Corporate Records required by applicable Law to support any tax or accounting position, filing or claim made by them with respect
to Taxes.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(xvii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Since December 31, 2024, the Company and each of its Subsidiaries has not
incurred any material liability for Taxes arising from transactions outside the ordinary course of business consistent with past practices.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(xviii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">The Company and each of its Subsidiaries will not be required, as a result
of (i) a change in accounting method for a Tax period ending on or before the closing of the Arrangement, (ii) any closing agreement with
a Governmental Entity with respect to Taxes or (iii) any amounts received prior to the closing of the Arrangement, to include any material
amount of additional taxable income for any Tax period beginning on or after the closing of the Arrangement. The Company and each of its
Subsidiaries does not have an application pending with any Governmental Entity requesting permission for any change in accounting method
that relates to its business.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(xix)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">The total fair market value of all the shares that are held directly or
indirectly by the Company and that are shares of &#8220;foreign affiliates&#8221; of the Company (for purposes of the Tax Act) does not
exceed 75% of the total fair market value (determined without reference to debt obligations of any corporation resident in Canada in which
the Company has a direct or indirect interest) of all the properties owned by the Company. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(xx)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Neither the Company, each of its Subsidiaries or any third party provider
who has issued CFDIs in favor of the Company or any of its Subsidiaries are mentioned in the list provided under Article 69 B of the <I>C&oacute;digo
Fiscal de la Federaci&oacute;n</I>.</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xxi)</TD><TD STYLE="text-align: left">Neither the Company nor any of its Subsidiaries has entered into, or participated in, any &#8220;listed
transaction&#8221; within the meaning of U.S. Treasury Regulations section 1.6011-4(b)(2).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(xxii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Neither the Company nor any of its Subsidiaries has been a &#8220;distributing&#8221;
corporation or a &#8220;controlled corporation&#8221; (each within the meaning of section 355(a)(1)(A) of the U.S. Tax Code) in any distribution
of stock during the two (2) year period ending on the date of this Agreement that was purported or intended to be governed by section
355 of the U.S. Tax Code (or so much of section 356 of the U.S. Tax Code as relates to section 355 of the U.S. Tax Code).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xxiii)</TD><TD STYLE="text-align: left">Neither the Company nor any of its Subsidiaries currently is, or has been within the past five (5) years,
a &#8220;controlled foreign corporation&#8221; within the meaning of section 957 of the U.S. Tax Code or a &#8220;passive foreign investment
company&#8221; within the meaning of section 1297 of the U.S. Tax Code.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(xxiv)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">(i) Neither the Company nor its Subsidiaries has taken or agreed to take
any action that would prevent the Arrangement from qualifying as a &#8220;reorganization&#8221; within the meaning of section 368(a) of
the U.S. Tax Code and (ii) the Company is not aware of any agreement, plan or other circumstance that would prevent the Arrangement from
qualifying as a &#8220;reorganization&#8221; within the meaning of section 368(a) of the U.S. Tax Code.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(aa)</TD><TD STYLE="text-align: left"><U>Books and Records</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Corporate Records have been maintained in all material respects in accordance with all applicable
Laws, and the minute books of the Company and each of its Subsidiaries as made available to the Parent are complete and accurate in all
material respects, except for minutes relating to the Arrangement or this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The financial books and records and accounts of the Company and each of its Subsidiaries: (A) have been
maintained, in all material respects, in accordance with IFRS; (B) are stated in reasonable detail and accurately and fairly reflect,
in all material respects, the transactions and dispositions of assets of the Company and its Subsidiaries; and (C)&nbsp;accurately and
fairly reflect, in all material respects, the basis for the Company&#8217;s consolidated financial statements.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(bb)</TD><TD><U>Insurance</U>. As at the date hereof, the Company and its Subsidiaries
have in place the insurance policies disclosed in Schedule 3.1(bb) of the Company Disclosure Letter specifying the insurer, amount and
nature of coverage, and the date through which coverage will continue by virtue of premiums already paid. All insurance maintained by
the Company or any of its Subsidiaries is in full force and effect and in good standing, and neither the Company nor any of its Subsidiaries
is in default, whether as to payment of premium or otherwise, and such insurance is reasonable and prudent in light of the size of the
Company and its Subsidiaries and the nature</TD>
</TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">of its business and operations. To the
knowledge of the Company, neither the Company nor any of its Subsidiaries has failed to make a claim thereunder on a timely basis (other
than <I>de minimis </I>claims) or received notice or otherwise become aware of any intent of an insurer to either claim any default on
the part of the Company or its Subsidiaries or not to renew any policy of insurance on its expiry. The Company and its Subsidiaries maintain
the insurance policies required by applicable Laws and any Company Material Contract, including all required insurance policies to operate
their business as currently conducted.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(cc)</TD><TD STYLE="text-align: left"><U>Non-Arm&#8217;s Length Transactions</U>. Other than employment, indemnification or compensation agreements
entered into in the ordinary course, there are no current Contracts or other transactions currently in place (including relating to indebtedness
by or to the Company or its Subsidiaries) between the Company or its Subsidiaries, on the one hand, and any (A) officer or director of
the Company or any of its Subsidiaries, (B) any holder of record or, to the knowledge of the Company, beneficial owner, of 10% or more
of the voting securities of the Company, or (C) to the knowledge of the Company, any affiliate or associate of any officer, director or
beneficial owner, on the other hand.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(dd)</TD><TD STYLE="text-align: left"><U>Benefit Plans</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Schedule&nbsp;3.1(dd) of the Company Disclosure Letter contains a true and complete list of all material
Company Benefit Plans. Current and complete copies of all the Company Benefit Plans as amended as of the date hereof have been delivered
or made available to the Parent together with copies of all material documents relating to the Company Benefit Plans.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">No Company Benefit Plan:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">is a &#8220;registered pension plan&#8221;, a &#8220;retirement compensation arrangement&#8221;, a &#8220;deferred
profit sharing plan&#8221;, or a &#8220;salary deferral arrangement&#8221;, as each such term is defined in the <I>Tax Act</I>;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: left">is a &#8220;multi-employer plan&#8221; as such term is defined in subsection&nbsp;8500(i) of the Regulations
of <I>Tax Act</I>;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: left">contains a &#8220;defined benefit provision&#8221; as defined in subsection&nbsp;147.1(1) of the <I>Tax
Ac</I>t;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: left">except as disclosed in Schedule 3.1(dd) of the Company Disclosure Letter, provides for health and welfare
benefits which are not fully-insured;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(E)</TD><TD STYLE="text-align: left">provides for retiree or post-termination benefits to Company Employees or former Company Employees or
beneficiaries or dependents thereof (other than as required by applicable Laws); or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(F)</TD><TD STYLE="text-align: left">provides benefits to independent contractors.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">Each Company Benefit Plan is, and has been, established, registered (if required), amended, funded, operated,
communicated, administered and invested in compliance with its terms and all Laws, except as would not reasonably be expected to result
in material liability to the Company or its Subsidiaries. All employer and employee payments, contributions and premiums required to be
remitted, paid to or in respect of each Company Benefit Plan, as of the date hereof, have been paid or remitted in all material respects
in a timely fashion in accordance with its terms and all Laws; and all obligations in respect of each Company Benefit Plan have been properly
accrued and reflected in the Company&#8217;s financial statements.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">To the knowledge of the Company, there are no investigations by a Governmental Entity or material claims
(other than routine claims for payment of benefits) pending involving any Company Benefit Plan, and to the knowledge of the Company no
event has occurred which would reasonably be expected to give rise to such investigations or material claims (other than routine claims
for payment of benefits).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">There has been no amendment to, or announcement by the Company or any of its Subsidiaries relating to,
or change in employee participation or coverage under, any Company Benefit Plan and no Company Benefit Plan contains provisions permitting
retroactive increase or payments on termination which, in each case, would materially increase the expense of maintaining such plan above
the level of the expense incurred therefor for the most recent fiscal year.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 3.1(dd) of the Company Disclosure Letter, neither the execution of this
Agreement by the Company nor the consummation of the Arrangement pursuant to the Plan of Arrangement (whether alone or in conjunction
with any subsequent events) would result in (A)&nbsp;any Company Employees receiving termination or severance pay or any increase in termination
or severance pay upon any termination of employment after the date hereof, (B)&nbsp;acceleration of the time of payment or vesting or
result in any payment or funding (through a grantor trust or otherwise) of compensation or benefits under, increase the amount payable
or result in any other material obligation pursuant to any of the Company Benefit Plans, or (C)&nbsp;limiting or restricting the right
of the Company or, after the consummation of the Arrangement, the Parent to merge, amend or terminate any of the Company Benefit Plans,
other than those limits or restrictions pursuant to applicable Laws.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">There is no entity other than the Company or its Subsidiaries participating in any Company Benefit Plan.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: left">All data necessary to administer each Company Benefit Plan is in the possession of the Company or its
Subsidiaries or its agents and is in a form which is sufficient for the proper administration of the Company Benefit Plan in accordance
with its terms and, to the knowledge of the Company, such data is complete and correct in all material respects.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ee)</TD><TD STYLE="text-align: left"><U>Environmental</U>. Except for any matters that, individually or in the aggregate, would not have or
would not reasonably be expected to have a Company Material Adverse Effect:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">since January 1, 2022, all facilities and operations of the Company and its Subsidiaries have been conducted,
and are now, in compliance with all Environmental Laws;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">the Company and its Subsidiaries are in possession of, and in compliance with, all Environmental Permits
that are required to own, lease and operate the Company Mineral Interests and to conduct their respective business as they are now being
conducted which are legal, valid, binding and in full force and effect, all of which appear in the name of the Company and/or its Subsidiaries;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">to the knowledge of the Company, no Environmental Liabilities presently exist with respect to any portion
of any currently or formerly owned, leased, used or otherwise controlled property, interests and rights or relating to the operations
and business of the Company and its Subsidiaries and, to the knowledge of the Company, there is no basis for any such Environmental Liabilities
to arise in the future as a result of any of the Company&#8217;s activities in respect of such property, interests, rights, operations
and business;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">neither the Company nor any of its Subsidiaries is subject to or has received notice of any proceeding,
application, order or directive from any Governmental Entity which relates to environmental matters and which may require any material
work, repairs, construction or expenditures, or create any additional Environmental Liabilities, and to the knowledge of the Company,
there are no pending environmental claims;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">the Company has posted with the relevant regulatory authorities all financial assurance required to be
posted pursuant to Environmental Laws or Environmental Permits, including any financial assurance required in connection with reclamation,
remediation or closure plans for (A) the Company Mineral Interests, and (B) the Cerro San Pedro mining project located in San Luis Potos&iacute;,
Mexico;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">to the knowledge of the Company, there are no changes in the status, terms or conditions of any Environmental
Permits held by the Company or its Subsidiaries or any renewal, modification, revocation, reassurance, alteration, transfer or amendment
of any such Environmental Permits, or any review by, or approval of, any Governmental Entity of such Environmental Permits or in connection
with the execution or delivery of this Agreement, the consummation of the transactions contemplated herein or the continuation of the
business of the Company or its Subsidiaries following the Effective Date; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">the Company and its Subsidiaries have made available to the Parent true, correct and complete copies of
all material audits, studies, plans,</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">assessments, investigation reports (including
Phase I and Phase II environmental site assessments) and regulatory correspondence with respect to environmental matters in their possession
or control.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ff)</TD><TD STYLE="text-align: left"><U>Company Material Contracts</U>. Schedule 3.1(ff) of the Company Disclosure Letter lists all of the
Company Material Contracts to which the Company and its Subsidiaries are parties, all of which are in full force and effect and are enforceable
in accordance with their terms with respect to each of the Company and its Subsidiaries. The Company and each of its Subsidiaries has
complied in all material respects with all the terms of the Company Material Contracts to which it is a party. Except as disclosed in
Schedule 3.1(ff) of the Company Disclosure Letter, neither the Company nor any of its Subsidiaries is in breach of, or default under,
any Company Material Contract to which it is a party or bound, nor does the Company have knowledge of any condition that with the passage
of time or the giving of notice or both would result in such a breach or default, except in each case where any such breaches or defaults
would not, individually or in the aggregate, reasonably be expected to be, or result in, a Company Material Adverse Effect. As of the
date hereof, neither the Company nor any of its Subsidiaries knows of, or has received written notice of, any breach or default under
(nor, to the knowledge of the Company, does there exist any condition which with the passage of time or the giving of notice or both would
result in such a breach or default under) any such Company Material Contract by any other party thereto except where any such violation
or default would not, individually or in the aggregate, reasonably be expected to be, or result in, a Company Material Adverse Effect.
The Company has made available to the Parent true and complete copies of all of the Company Material Contracts. All Company Material Contracts
are legal, valid, binding and in full force and effect and are enforceable by the Company (or a Subsidiary of the Company, as the case
may be) in accordance with their respective terms (subject to bankruptcy, insolvency and other applicable Laws affecting the enforcement
of creditors&#8217; rights generally and subject to the qualification that equitable remedies may be granted only in the discretion of
a court of competent jurisdiction). Neither the Company nor any of its Subsidiaries has received notice that any party to a Company Material
Contract intends to cancel, terminate, materially modify or not renew such Company Material Contract.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(gg)</TD><TD STYLE="text-align: left"><U>Standstill Agreements</U>. Neither the Company nor any of its Subsidiaries has waived any Company Standstill
Agreement to which the Company or any of its Subsidiaries is a Party, except to permit submissions of expressions of interest prior to
the date of this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(hh)</TD><TD STYLE="text-align: left"><U>Whistleblower Reporting</U>. No employee of the Company or any of its Subsidiaries, nor any legal counsel
representing the Company or any of its Subsidiaries, has reported evidence of a material violation of any Securities Laws, breach of fiduciary
duty or similar material violation by the Company or any of its Subsidiaries or their respective officers, directors, employees, agents
or independent contractors to the Company&#8217;s management, or audit committee (or other committee designated for such purpose) of the
Company Board.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: left"><U>Restrictions on Business Activities</U>. There is no agreement, judgement, injunction, order or decree
binding upon the Company or any of its Subsidiaries that has or would reasonably be expected to have the effect of prohibiting or restricting
any acquisition of property by the Company or any such Subsidiary or the conduct of business by the Company or any such Subsidiary as
currently conducted (including following the transaction contemplated by this Agreement), other than the Company Credit Agreement and
such agreements, judgements, injunctions, orders or decrees which would not, individually or in the aggregate, reasonably be expected
to have a Company Material Adverse Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(jj)</TD><TD STYLE="text-align: left"><U>Brokers</U>. Except as set out in Schedule 3.1(jj) of the Company Disclosure Letter, none of the Company,
any of its Subsidiaries, or any of their respective officers, directors or employees has employed any broker or finder or incurred any
liability for any brokerage fees, commissions or finder&#8217;s fees on behalf of the Company or any of its Subsidiaries in connection
with the transactions contemplated by this Agreement. A true and complete copy of the engagement letter between the Company and each Company
Financial Advisor has been made available to the Parent.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(kk)</TD><TD STYLE="text-align: left"><U>Corrupt Practices Legislation</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">None of the Company, its Subsidiaries and affiliates, nor, to the Company&#8217;s knowledge, any of their
Representatives or other Persons acting on behalf of the Company or any its Subsidiaries or affiliates has, directly or indirectly, offered,
promised, agreed, paid, authorized, given or taken any act in furtherance of any such offer, promise, agreement, payment or authorization
on behalf of the Company or its Subsidiaries, anything of value, directly or indirectly, to any official of a Governmental Entity, any
political party or official thereof or any candidate for political office, for the purpose of any of the following:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">influencing any action or decision of such person in such person&#8217;s official capacity, including
a decision to fail to perform such person&#8217;s official function in order to obtain or retain an advantage in the course of business;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: left">inducing such person to use such person&#8217;s influence with any Governmental Entity to affect or influence
any act or decision of such Governmental Entity to assist the Company or one of its Subsidiaries in obtaining or retaining business for,
with, or directing business to, any Person or otherwise to obtain or retain an advantage in the course of business; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: left">to assist the Company or one of its Subsidiaries in obtaining or retaining business for, with, or directing
business to, any Person.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">None of the Company and its Subsidiaries, nor, to the knowledge of the Company, any of their respective
Representatives has, directly or indirectly, taken any action that is prohibited by or would cause the Company or one</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">of its Subsidiaries to be in violation
of the substantive prohibitions or requirements of the <I>Corruption of Foreign Public Officials Act</I> (Canada), the <I>Proceeds of
Crime (Money Laundering) and Terrorist Financing Act</I> (Canada), <I>the Foreign Corrupt Practices Act of 1977</I> (United States), the
Mexican Anticorruption System Law (<I>Ley General del Sistema Nacional Anticorrupci&oacute;n</I>), the Mexican General Administrative
Liabilities Law (<I>Ley General de Responsabilidades Administrativas</I>), the Federal Law for the Prevention and Identification of Operations
with Resources of Illicit Origin (<I>Ley Federal para la Prevenci&oacute;n e Identificaci&oacute;n de Operaciones con Recursos de Procedencia
Il&iacute;cita</I>), and the Federal Penal Code (<I>C&oacute;digo Penal Federal</I>) as amended or any law of similar effect prohibiting
corruption, bribery and money laundering in any jurisdiction in which it conducts its business and to which it is subject (collectively,
&#8220;<B>Company Applicable Anti-Corruption Law</B>&#8221;). Neither the Company, nor its Subsidiaries, nor, to the knowledge of the
Company, their respective Representatives, has violated any Company Applicable Anti-Corruption Law and, to the knowledge of the Company,
no condition or circumstances exist that would form the basis of any such allegations.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">All contracts and arrangements between the Company or one of its Subsidiaries and any other Person are
in compliance with Company Applicable Anti-Corruption Law. Since January 1, 2023, the Company and its Subsidiaries have maintained policies
and procedures applicable to it and their respective directors, officers, employees, agents and representatives in place in respect thereof
as are appropriate to prevent and detect violations of Company Applicable Anti-Corruption Law.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">None of the Company or its Subsidiaries nor any of its directors, officers, employees, agents or representatives
has (A) conducted or initiated any review, audit or internal investigation that concluded that the Company or one of its Subsidiaries
or any of their respective directors, officers, employees, agents or representatives has materially violated any Company Applicable Anti-Corruption
Law, or (B) made a voluntary, directed or involuntary disclosure to any Governmental Entity responsible for enforcing Company Applicable
Anti-Corruption Law, in each case with respect to any alleged act or omission arising under or relating to material non-compliance with
any such Laws, or received any notice, request or citation from any person alleging material non-compliance with any such Laws.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">The Company and its Subsidiaries have maintained systems of internal controls intended to ensure compliance
by the Company, its Subsidiaries and their respective Representatives, with Company Applicable Anti-Corruption Law.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ll)</TD><TD STYLE="text-align: left"><U>Sanctions</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Neither the Company, nor any of its Subsidiaries, nor any of their respective directors, officers or employees
nor, to the knowledge of the Company, any</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">agents or persons acting on any of their
behalf: (A) is a Restricted Party; or (B) has received written notice of, or has knowledge of, any claim, action, suit, proceeding or
investigation against it with respect to Sanctions by any Sanctions Authority.</P>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">None of the Company, any of its Subsidiaries any director, officer, employee or, to the knowledge of the
Company, agent of the Company or any of its Subsidiaries is a Person that is, or is owned or controlled by Persons that are: (A) the subject/target
of any Sanctions, or (B) located, organized or resident in a country or territory that is the subject of Sanctions, including Russia,
Crimea, Donetsk People&#8217;s Republic and the Luhansk People&#8217;s Republic of Ukraine, the Kherson and the Zaporizhzhia oblasts of
Ukraine, Cuba, Iran, North Korea, and Syria.</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">The Company, its Subsidiaries, their respective directors, officers, employees and, to the knowledge of
the Company, agents are in compliance with all applicable Sanctions. The Company and its Subsidiaries have instituted and maintain policies
and procedures reasonably designed to ensure compliance with applicable Sanctions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">Neither the Company nor any of its Subsidiaries has knowingly engaged in, or is now knowingly engaged
in, any dealings or transactions with any Person or in property that is owned, held or controlled by or on behalf of any Person, or in
any country or territory, that at the time of the dealing or transaction is or was a Restricted Party or the subject of Sanctions, in
violation of Sanctions.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(mm)</TD><TD STYLE="text-align: left"><U>Modern Slavery</U></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Company and its Subsidiaries have acted in compliance with the fundamental principles defined and
protected by the Universal Declaration of Human Rights, the fundamental principles of the International Labor Organization and rules relating
to the prohibition of forced labour, child labour and human trafficking in their operations and supply chains.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Company and its Subsidiaries are in compliance with the requirements of applicable Modern Slavery
Laws.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">The Company and its Subsidiaries have customary policies and procedures in place reasonably designed to
ensure compliance with applicable Modern Slavery Laws.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(nn)</TD><TD><U>Bankruptcy</U>. Neither the Company nor any of its Subsidiaries
has commenced or contemplated any proceeding, or filed or contemplated the filing of any petition, in any court relating to the bankruptcy,
<I>concurso mercantil,</I> reorganization, insolvency, dissolution, liquidation or relief from debtors of the Company or any of its Subsidiaries
(including pursuant to any corporate law relating to arrangements, reorganizations or restructurings). There is no legal basis for the</TD>
</TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">bankruptcy, insolvency, dissolution or
liquidation of the Company or any of its Subsidiaries.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(oo)</TD><TD STYLE="text-align: left"><U>Privacy and Security</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Company and its Subsidiaries (A) are in material compliance with applicable Privacy Laws, and (B)
have implemented and maintained measures designed to provide reasonable assurance that each of the Company and its Subsidiaries: (i) comply
with applicable Privacy Laws; and (ii) will not collect, acquire, fail to secure, share, disclose, use, or otherwise process Personal
Information in a manner inconsistent with applicable Privacy Laws, any notice to or consent from the provider of Personal Information,
any Contract to which the each of the Company and its Subsidiaries is a party that is applicable to such Personal Information, or any
privacy policy or privacy statement from time to time published or otherwise made available by the Company and its Subsidiaries to the
Persons to whom the Personal Information relates.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">With respect to all Personal Information collected by the Company and its Subsidiaries, each of the Company
and its Subsidiaries has taken steps required and reasonably necessary to protect such Personal Information against loss and against unauthorized
access, use, modification, disclosure or other misuse, including implementing and monitoring compliance with reasonable measures with
respect to technological, organizational and physical security of such Personal Information. Each of the Company and its Subsidiaries
has commercially reasonable safeguards in place designed to protect Personal Information in its possession or control from loss, unauthorized
access, use or disclosure, including by its officers, employees, independent contractors and consultants. To the knowledge of the Company,
there has been no unauthorized access to, use or disclosure of, or other misuse of any Personal Information in the custody or control
of the Parent or its Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">Neither the Company nor its Subsidiaries have received any notice of any claims, investigations or alleged
violations of applicable Privacy Laws including with respect to Personal Information collected or possessed by or otherwise subject to
the control of the Company and its Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.2</TD><TD STYLE="text-align: left">Survival of Representations and Warranties</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The representations and warranties of the Company
contained in this Agreement shall not survive the completion of the Arrangement and shall expire and be terminated on the earlier of the
Effective Time and the date on which this Agreement is terminated in accordance with its terms.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;4<BR>
REPRESENTATIONS
AND WARRANTIES OF The Parent AND THE PURCHASER</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.1</TD><TD STYLE="text-align: left">Representations and Warranties</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Except as disclosed in (x)&nbsp;the forms,
documents and reports filed or furnished by Parent on EDGAR and SEDAR+ (including all exhibits, supplements and schedules thereto and
information incorporated by reference) and publicly available since January 1, 2023 and prior to the date hereof (but excluding any disclosures
set forth in any &#8220;risk factors&#8221; section, any disclosures in any &#8220;forward looking statements&#8221; section and any other
disclosures included therein in each case to the extent they are predictive or forward-looking in nature) or (y)&nbsp;the Parent Disclosure
Letter (which disclosures shall apply against any representations and warranties to which it is reasonably apparent it should relate),
the Parent and the Purchaser jointly and severally hereby represent and warrant to the Company as follows, and acknowledge that the Company
is relying upon such representations and warranties in connection with the entering into of this Agreement:</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left"><U>Organization and Qualification</U>. Except as disclosed in Schedule 4.1(a) of the Parent Disclosure
Letter, the Parent, the Purchaser and each of the Parent Material Subsidiaries is duly incorporated or an entity duly created and validly
existing under all applicable Laws of its jurisdiction of incorporation, continuance or creation and has the requisite power and authority
to own its assets and conduct its business as now owned and conducted. The Parent and each of the Parent Material Subsidiaries is duly
qualified to carry on business and is in good standing in each jurisdiction in which the character of its properties or the nature of
its activities makes such qualification necessary, except where the failure to be so qualified would not, individually or in the aggregate,
have a Parent Material Adverse Effect. True and complete copies of the constating documents of the Parent and each of the Parent Material
Subsidiaries have been delivered or made available to the Company, and no action has been taken to amend or supersede such documents.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left"><U>Authority Relative to this Agreement</U>. Each of the Parent and the Purchaser has the requisite corporate
power and authority to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement
by the Parent and the Purchaser and the performance by the Parent and the Purchaser of their obligations under this Agreement have been
duly authorized by the Parent Board and the Purchaser Board and no other corporate proceedings on the part of the Parent or the Purchaser
or vote of any holders of any class of securities of the Parent are necessary to authorize this Agreement or consummate the Arrangement
or other transactions contemplated hereby, other than the Parent Stockholder Approvals. This Agreement has been duly executed and delivered
by the Parent and the Purchaser and constitutes a valid and binding obligation of the Parent and the Purchaser, enforceable by the Company
against the Parent and the Purchaser in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency,
reorganization or other Laws of general application relating to or affecting creditors&#8217; rights generally, and subject to the qualification
that equitable remedies, including specific performance, may be granted only in the discretion of a court of competent jurisdiction.</TD></TR></TABLE>


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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(c)</TD><TD><U>No Conflict; Required Filings and Consent</U>.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The execution and delivery by each of the Parent and the Purchaser of this Agreement and the performance
by it of its obligations hereunder and the completion of the Arrangement and the other transactions contemplated hereby do not and will
not (or would not with the giving of notice, the lapse of time or both, or the happening of any other event or condition):</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">violate, conflict with or result in a breach of:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: left">the constating documents of the Parent or those of any of its Subsidiaries;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: left">any Parent Material Contract or Authorization to which the Parent or any of its Subsidiaries is a party
or by which the Parent or any of its Subsidiaries is bound, except as would not, individually or in the aggregate, have a Parent Material
Adverse Effect; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: left">any Law to which the Parent or its Subsidiaries is subject or by which the Parent or its Subsidiaries
is bound, subject to receipt of the Regulatory Approvals, and except as would not, individually or in the aggregate, have a Parent Material
Adverse Effect;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: left">give rise to any right of termination, allow any Person to exercise any rights, or cause or permit the
termination, cancellation, acceleration or other change of any right or obligation or the loss of any benefit to which the Parent or any
of its Subsidiaries is entitled, under any Contract or Authorization to which the Parent or any of its Subsidiaries is a party, except
as would not, individually or in the aggregate, have a Parent Material Adverse Effect; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: left">give rise to any pre-emptive rights including rights of first refusal or rights of first offer, or trigger
any change in control provisions or any restriction or limitation under any Contract or Authorization, or result in the imposition of
any Lien (other than a Parent Permitted Lien) upon any of the Parent&#8217;s assets or the assets of any of its Subsidiaries, except as
would not, individually or in the aggregate, have a Parent Material Adverse Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">Other than obtaining the Regulatory Approvals, compliance with the rules and policies of the TSX and the
NYSE, and obtaining the Interim Order and the Final Order, no Authorization of, or other action by or in respect of, or filing, recording,
registering or publication with, or notification to, any Governmental Entity is necessary on the part of the Parent or any of its Subsidiaries
in order for the Parent to proceed with the execution and delivery of this Agreement and the consummation of the Arrangement and</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">the other transactions contemplated by
this Agreement, except as would not, individually or in the aggregate, have a Parent Material Adverse Effect.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left"><U>Subsidiaries</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">As of the date of this Agreement, the Parent owns, directly or indirectly, all of the outstanding equity
interests in the Purchaser.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">No Parent Material Subsidiary is currently prohibited, directly or indirectly, from paying any dividends
to the Parent, from making any other distribution on such Subsidiary&#8217;s shares to the Parent, or from repaying to the Parent any
loans or advances made thereto.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">The following information with respect to each Parent Material Subsidiary (other than the Purchaser) is
accurately set out in the Parent&#8217;s annual report (Form 10-K) for the year ended December 31, 2024 forming part of the Parent Public
Documents: (A) its name; (B) the Parent&#8217;s percentage equity ownership of it; and (C) its jurisdiction of incorporation, organization
or formation.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">The Parent beneficially owns, directly or indirectly, all of the issued and outstanding securities of
each Parent Material Subsidiary and there are no outstanding options, rights, entitlements, understandings or commitments (contingent
or otherwise) to acquire any issued or unissued securities or other ownership interests in any Parent Material Subsidiary.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">All of the outstanding stock or other equity securities in the capital of each Parent Material Subsidiary
are: (A) validly issued, fully-paid and, where the concept exists, non-assessable (and no such stock or other equity interests have been
issued in violation of any pre-emptive or similar rights) and all such stock or other equity interests are owned free and clear of all
Liens (other than Parent Permitted Liens); and (B) free of any other restrictions including any restriction on the right to vote, sell
or otherwise dispose of shares or other equity interests.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left"><U>Compliance with Laws and Constating Documents</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Parent and each of its Subsidiaries is and, since January 1, 2023, has been, in compliance, in all
material respects, with all applicable Laws in each jurisdiction in which it conducts business and, except as disclosed in Schedule 4.1(e)(i)
of the Parent Disclosure Letter and to the knowledge of the Parent, neither the Parent nor any of its Subsidiaries is under investigation
with respect to any material violation of applicable Laws from any Governmental Entity, or has received any notice that any material violation
of any Law is being or may be alleged from any Governmental Entity.</TD></TR></TABLE>


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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">Pursuant to the DGCL, no appraisal rights are available to Parent Stockholders with respect to the transactions
contemplated by the Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">As of the date hereof, none of the Parent or its Subsidiaries is in conflict with, or in default (including
cross defaults) under or in violation of its articles or by-laws or equivalent organizational documents, except as would not, individually
or in the aggregate, have a Parent Material Adverse Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(f)</TD><TD><U>Parent Authorizations</U>.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 4.1(f) of the Parent Disclosure Letter, the Parent and its Subsidiaries
have obtained, and are in compliance in all material respects with, all Authorizations required by Law (including Environmental Law) that
are necessary to conduct their business as now being conducted, and such Authorizations are in full force and effect in accordance with
their terms. True copies of all such material Authorizations have been made available to the Company.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Parent and its Subsidiaries have fully complied with and are in compliance with all such Authorizations,
except, in each case, for such non-compliance which, individually or in the aggregate, would not have a Parent Material Adverse Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 4.1(f) of the Parent Disclosure Letter, no action, investigation or proceeding
is pending or, to the knowledge of the Parent, threatened against the Parent or any of its Subsidiaries in respect of or regarding any
such Authorization that would reasonably be expected to result in a suspension, loss or revocation of any such Authorization, except in
each case, for revocations, non-renewals or amendments which would not, individually or in the aggregate, have a Parent Material Adverse
Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left"><U>Capitalization and Listing</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The authorized capital stock of the Parent consists of 900,000,000 Parent Shares. As at the close of business
on October 31, 2025, there were: (A) 642,204,955 Parent Shares validly issued and outstanding as fully-paid and non-assessable shares
of the Parent; (B) 113,587 restricted share units providing for the issuance of up to 113,587 Parent Shares upon the settlement thereof;
(C) 4,762,440 outstanding performance share units providing for the issuance of up to 11,349,323 Parent Shares upon the settlement thereof;
and (D) 191,425 outstanding options to acquire Parent Shares providing for the issuance of up to 191,425 Parent Shares upon the exercise
thereof. (1) There are no other options, warrants, conversion privileges, calls or other rights, shareholder rights plans, agreements,
arrangements, commitments, or obligations of the Parent or any of its Subsidiaries requiring any of them to issue or sell any shares or
other securities of the Parent or of any of its Subsidiaries, or any securities or obligations convertible into, exchangeable or exercisable
for, or otherwise</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">carrying or evidencing the right or obligation
to acquire any securities of the Parent (including Parent Shares) or any Subsidiary of the Parent, and (2) except as disclosed in the
Parent Public Documents, no Person is entitled to any pre-emptive or other similar right granted by the Parent or any of its Subsidiaries.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 4.1(g)(ii) of the Parent Disclosure Letter, there are no outstanding contractual
obligations of the Parent or any of its Subsidiaries to repurchase, redeem or otherwise acquire any Parent Shares or any shares of any
of its Subsidiaries, or qualify securities for public distribution in Canada or elsewhere, or with respect to the, voting or disposition
of any securities of the Parent or any of its Subsidiaries. No Subsidiary of the Parent owns any Parent Shares.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">All outstanding securities of the Parent have been issued in material compliance with all applicable Laws
and any pre-emptive or similar rights applicable to them.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">There are no outstanding bonds, debentures or other evidences of indebtedness of the Parent or any of
its Subsidiaries, or any other agreements, arrangements, instruments or commitments of any kind giving any Person, directly or indirectly,
the right to vote (or that are convertible or exercisable for securities having the right to vote) with the holders of the Parent Shares
on any matters.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">All Consideration Shares will be issued in compliance with all applicable Securities Laws and, when issued
in accordance with the terms of the Arrangement, be duly authorized, validly issued, fully-paid and non-assessable Parent Shares, free
and clear of all Liens (other than Liens created by the holders thereof on issuance).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left"><U>Shareholder and Similar Agreements</U>. Neither the Parent nor any of its Subsidiaries is party to
any shareholder, pooling, voting trust or other similar agreement relating to the ownership or voting of any issued and outstanding Parent
Shares or the shares of any Subsidiaries of the Parent.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left"><U>Reporting Issuer Status</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">As of the date hereof, the Parent is a reporting issuer in each of the provinces and territories of Canada,
is not on the list of reporting issuers in default (or the equivalent) under applicable Securities Laws in any such province or territory
and is in material compliance with all Securities Laws applicable therein.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Parent has not taken any action to cease to be a reporting issuer in any province or territory of
Canada nor has the Parent received notification from the Ontario Securities Commission, as principal regulator, or any other applicable
securities commissions or securities regulatory authority of a province or territory of Canada seeking to revoke the Parent&#8217;s reporting</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">issuer status. No delisting of, suspension
of trading in, or cease trade order with respect to, any securities of the Parent and, to the knowledge of the Parent, no inquiry or investigation
(formal or informal) of any Canadian Securities Authority has occurred, is in effect or ongoing or, to the knowledge of the Parent, has
been threatened in writing with respect to the foregoing.</P>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">The Parent is not an investment company and is not required to be registered as an investment company
under the U.S. Investment Company Act.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: left"><U>Reports</U>. Since January 1, 2023, the Parent has filed with all applicable Governmental Entities
the Parent Public Documents that the Parent is required to file in accordance with applicable Securities Laws. The Parent Public Documents
as of their respective dates (and the dates of any amendments thereto): (i) did not contain any untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading, and (ii) complied in all material respects with the requirements of applicable Securities
Laws. Any amendments to the Parent Public Documents required to be made have been filed on a timely basis with the applicable Governmental
Entity. The Parent has not filed any confidential material change report with any Governmental Entity which at the date hereof remains
confidential and, except as disclosed in Schedule 4.1(j) of the Parent Disclosure Letter, does not have any unresolved comments from the
staff of the U.S. SEC.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: left"><U>Stock Exchange Matters</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Parent Shares are listed on the NYSE and are not listed or quoted on any market other than the NYSE.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Parent is in compliance in all material respects with the applicable listing and corporate governance
rules and regulations of the NYSE. The Parent has not taken any action which would be reasonably expected to result in the delisting or
suspension of the Parent Shares on or from the NYSE.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD STYLE="text-align: left"><U>Financial Statements</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The audited consolidated financial statements for the Parent and its Subsidiaries as at and for the fiscal
years ended December 31, 2024 and 2023, including the notes thereto, the reports by the Parent&#8217;s auditors thereon and related management&#8217;s
discussion and analysis, have been, and all financial statements of the Parent which are publicly disseminated by the Parent in respect
of any subsequent periods prior to the Effective Date will be, (A)&nbsp;prepared in accordance with GAAP applied on a basis consistent
with prior periods and all applicable Laws, and (B)&nbsp;present fairly, in all material respects, the assets, liabilities (whether accrued,
absolute, contingent or otherwise), consolidated financial position and results of operations of the Parent and its Subsidiaries as of
the respective dates</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">thereof and for the periods indicated
therein, and its results of operations and cash flows for the respective periods covered thereby (except as may be indicated expressly
in the notes thereto). There have been no material changes to the Parent&#8217;s accounting policies applied in the preparation of the
aforementioned financial statements, except as described in the Parent Public Documents, since December 31,&nbsp;2024.</P>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Parent has established and maintains a system of internal control over financial reporting and disclosure
controls and procedures (as such terms are defined in applicable U.S. Securities Laws); such disclosure controls and procedures are designed
to ensure that material information relating to the Parent, including its consolidated Subsidiaries, required to be disclosed by the Parent
in the reports that it files or submits under applicable U.S. Securities Laws is accumulated and communicated to the Parent&#8217;s principal
executive officer and its principal financial officer to allow timely decisions regarding required disclosure; and such disclosure controls
and procedures are effective to ensure that information required to be disclosed by the Parent in the reports that it files or submits
under applicable U.S. Securities Laws is recorded, processed, summarized and reported within the time periods specified in applicable
U.S. Securities Laws, and further designed and maintained to provide reasonable assurance regarding the reliability of the Parent&#8217;s
financial reporting and the preparation of the Parent financial statements for external purposes in accordance with GAAP. There is no
significant deficiency or material weakness in the design or operation of internal controls of financial reporting (as defined in applicable
U.S. Securities Laws) utilized by the Parent or its Subsidiaries, and, since January 1, 2024, there has not been, any illegal act or fraud,
whether or not material, that involves management or other employees who have a significant role in the Parent&#8217;s internal controls.
The principal executive officer and the principal financial officer of the Parent have made all certifications required by the Sarbanes-Oxley
Act, the U.S. Exchange Act and any related rules and regulations promulgated by the U.S. SEC with respect to the Parent Public Documents,
and the statements contained in such certifications were complete and correct in all material respects as of the dates they were made.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">Since January 1, 2024, neither the Parent nor any of its Subsidiaries nor, to the Parent&#8217;s knowledge,
any Representative of the Parent or any of its Subsidiaries has received any complaint, allegation or claim, whether written or oral,
alleging that the accounting or auditing practices or internal auditing controls of the Parent or any of its Subsidiaries are not compliant
with applicable Laws or GAAP, which has not been resolved to the satisfaction of the audit committee of the Parent Board.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD STYLE="text-align: left"><U>No Undisclosed Liabilities</U>. The Parent and its Subsidiaries, on a consolidated basis, have no material
outstanding liabilities or obligations of any nature, whether or not accrued, contingent, unasserted or absolute, except for: (A) liabilities
and obligations that are specifically presented on the audited balance sheet of the Parent as of December&nbsp;31,&nbsp;2024 or disclosed
in the notes thereto; (B) liabilities and</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">obligations incurred in the ordinary course;
or (C)&nbsp;liabilities and obligations incurred in connection with the Arrangement and this Agreement (including transaction related
expenses).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(n)</TD><TD STYLE="text-align: left"><U>Interest in Properties and Mineral Rights</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Schedule 4.1(n) of the Parent Disclosure Letter discloses, as of the date of this Agreement: (A)&nbsp;all
material real property owned by the Parent and its Subsidiaries (&#8220;<B>Parent Owned Real Property</B>&#8221;); (B)&nbsp;all material
real property leased, subleased, licensed and/or otherwise used or occupied (whether as tenant, subtenant, licensee or pursuant to any
other occupancy arrangement) by the Parent or its Subsidiaries, in each case, in connection with the operation of the business of the
Parent and its Subsidiaries as it is now being conducted (&#8220;<B>Parent Leased Real Property</B>&#8221; and together with the Parent
Owned Real Property, the &#8220;<B>Parent Property</B>&#8221;); and (C) all Mineral Rights, concessions, leases, option agreements, exploration
agreements, and mining claims and millsites of the Parent and its Subsidiaries that are material to the operation of their business as
currently conducted (collectively, with the Parent Property, the&nbsp;&#8220;<B>Parent Mineral Interests</B>&#8221;).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Parent or one of its Subsidiaries is the sole legal holder of record of, and is the sole legal registered
and beneficial owner of, and has good and valid title to, or a valid leasehold or other contractual interest in, the Parent Mineral Interests,
and owns good and marketable title to all fee surface and minerals, patented mining claims and government lots comprising portions of
the Parent Owned Real Property, free and clear of all Liens (except the Parent Permitted Liens) and claims. All leasehold contracts of
the Parent and its Subsidiaries are in good standing and are valid, binding and enforceable in accordance with their respective terms
and there does not exist under any such lease any material default or any event which (with or without due notice or lapse of time or
both) would constitute a material default, and the Parent and its Subsidiaries are in compliance with any material condition or restriction
under any leasehold contracts.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">All of the mineral claims held by the Parent and its Subsidiaries in the Mineral Titles Online Registry
maintained by the Province of British Columbia, the unpatented lode mining claims and mineral concessions comprising Parent Mineral Interests,
in each case, have been properly located and are recorded or in the process of being recorded in compliance with applicable Law in all
material respects and are comprised of valid and subsisting mineral claims.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">The Parent Mineral Interests are in good standing under applicable Law and, to the knowledge of the Parent,
all work required to be performed and filed in respect thereof has been performed and filed in all material respects, all Taxes, rentals,
fees, expenditures and other payments in respect thereof have been paid or incurred in all material respects, and all material filings
in respect thereof, including applications for renewals or extensions of the</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">Mineral Rights comprising the Parent
Mineral Interests, have been made. To the knowledge of the Parent, the Parent or a Subsidiary of the Parent has a public or private right
of access to all the Parent Mineral Interests. Without limiting the foregoing:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">with respect to any unpatented mining claims and millsites comprising portions of the Parent Mineral Interests
(collectively, the &#8220;<B>Parent Unpatented Claims</B>&#8221;), (1) all such Parent Unpatented Claims were properly located by qualified
locators on federal public domain land open to appropriation by mineral location, (2) location certificates prepared in compliance with
applicable Law for all such Parent Unpatented Claims were timely and properly recorded and filed with the appropriate Governmental Entities,
(3) when required with respect to any such Parent Unpatented Claims, a sufficient amount of annual assessment work was timely and properly
performed with respect to each of those Parent Unpatented Claims, and annual affidavits evidencing the performance of such work were timely
and properly filed and recorded with the appropriate Governmental Entities, (4) when required with respect to any such Parent Unpatented
Claims, annual claim maintenance fees (including the claim maintenance fees required to maintain the Parent Unpatented Claims through
the assessment year ending on September 1, 2026), have been paid, and annual affidavits evidencing the payment of such fees have been
timely and properly filed and recorded with the appropriate Governmental Entities, and (E) there are no unpatented mining claims or millsites
owned by third parties which conflict with any of the Parent Unpatented Claims in a manner that would materially adversely affect the
conduct of the business of the Parent or any Subsidiary as currently conducted; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: left">with respect to any mineral claims held by the Parent and its Subsidiaries in the Mineral Titles Online
Registry maintained by the Province of British Columbia comprising portions of the Parent Mineral Interests (collectively, the &#8220;<B>Parent
Mineral Claims</B>&#8221;), (1) all such Parent Mineral Claims are recorded in accordance with the requirements of the <I>Mineral Tenure
Act</I> (British Columbia), (2) with regard to all Parent Mineral Claims, the Parent has filed all required reports of exploration and
development work (or has made payment in lieu of conducting required exploration and development work) or filings in a timely manner and
they were properly filed and recorded with the Province of British Columbia and all Parent Mineral Claims are in good standing as of the
date hereof, (3) any required fees regarding the Parent Mineral Claims have been paid to date, and (4) the Parent Mineral Claims are not
subject to any competing claims that would materially adversely affect the conduct of the business of the Parent or its Subsidiaries as
currently conducted, subject to any statutory or Crown reservations for such Parent Mineral Claims.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">Except as set out in the Parent Public Documents and as set out in Schedule 4.1(n) of the Parent Disclosure
Letter, no Person other than the Parent and its Subsidiaries has any material interest in the Parent Mineral Interests or the production
or profits therefrom or any royalty or streaming or similar interest in respect thereof or any right to acquire any such interest from
the Parent or any of its Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">Except as set out in Schedule 4.1(n) of the Parent Disclosure Letter, there are no back-in rights, earn-in
rights, rights of first refusal or similar provisions or rights which would materially affect the Parent&#8217;s or a Subsidiary&#8217;s
interest in the Parent Mineral Interests.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">There are no material restrictions on the ability of the Parent and its Subsidiaries to (A) use or exploit
the Parent Mineral Interests in the manner currently used or exploited, or (B) transfer the Parent Mineral Interests, except, in each
case, any restrictions imposed by Law or the terms of the Parent Mineral Interests.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 4.1(n) of the Parent Disclosure Letter, neither the Parent nor any of
its Subsidiaries has received any notice, whether written or oral, from any Governmental Entity or any Person of any revocation, annulment,
suspension, expropriation, or challenge to ownership, adverse claim or intention to revoke, expropriate or challenge the interest of the
Parent or its Subsidiaries in any of the Parent Mineral Interests and, to the knowledge of the Parent, there is no intention or proposal
to give such notice. There are no material disputes regarding boundaries, easements, rights of way, covenants or other matters relating
to any of the Parent Mineral Interests.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: left">Except as disclosed in the Parent Public Documents, the Parent and its Subsidiaries have all surface rights,
including fee simple estates, leases, easements, rights of way and permits or licences from landowners or Governmental Entities permitting
the use of land by the Parent and its Subsidiaries, and Parent Mineral Rights that are required as at the date of this Agreement to conduct
its current operations.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 4.1(n) of the Parent Disclosure Letter, all mines and mineral properties
formerly owned by the Parent or any of its Subsidiaries which were abandoned by the Parent or any of its Subsidiaries were abandoned in
all material respects in accordance with customary mining industry practice and standards and applicable Laws. The Parent Public Documents
accurately disclose, in all material respects, all material remediation and reclamation obligations known to the Parent as of the applicable
dates set forth in such Parent Public Documents.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: left">With respect to the Parent Mineral Interests, true and correct copies of all material title documents
and any amendments thereto in the possession or control of the Parent or its Subsidiaries have been made available to the Company as of
the date of this Agreement.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xii)</TD><TD STYLE="text-align: left">The Parent has provided the Company with access to full and complete copies of all material exploration
information and data within its possession or control including all material geological, geophysical and geochemical information and data
(including all drill, sample and assay results and all maps) and all of its technical reports, feasibility studies and other similar reports
and studies concerning the Parent Mineral Interests and the Parent or one of its Subsidiaries has the sole right, title and ownership
of all such information, data, reports and studies.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xiii)</TD><TD STYLE="text-align: left">The execution, delivery and performance of this Agreement by the Parent will not violate, conflict with
or result in a violation or breach of any provision of, or require a consent, approval or notice under or constitute a default under or
result in a right of termination under or with respect to any of the Parent Mineral Interests.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xiv)</TD><TD STYLE="text-align: left">All activities conducted on the Parent Property by the Parent or its Subsidiaries or, to the knowledge
of the Parent, by any other Person appointed by the Parent, have been carried out in all material respects in accordance with customary
mining industry practice and standards and applicable Laws, and neither the Parent nor any of its Subsidiaries, nor, to the knowledge
of the Parent, any other Person, has received any notice of any material breach of any such applicable Laws.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xv)</TD><TD STYLE="text-align: left">There have been no incidents of material non-compliance with safety legislation in connection with operations
or activities at the Parent&#8217;s or any of its Subsidiaries&#8217; mine sites in the 18 months preceding the date of this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xvi)</TD><TD STYLE="text-align: left">Neither the Parent, nor any of its Subsidiaries, nor to the knowledge of the Parent, any Person which
owns or controls the Parent or any of its Subsidiaries, has been notified by any Governmental Entity, that the Parent or any of its Subsidiaries
is: (A)&nbsp;ineligible to receive any mining permit (including any surface mining permit); or (B)&nbsp;under investigation to determine
whether their eligibility to receive such permits should be revoked.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(o)</TD><TD STYLE="text-align: left"><U>Mineral Reserves and Resources</U>. The estimates of mineral resources and mineral reserves for mineral
properties for the Parent or its Subsidiaries, as set forth in the Parent Public Documents, were prepared, in all material respects, in
accordance with customary mining, engineering, geoscience and other applicable industry standards and practices and disclosed, in all
material respects, in accordance with applicable Laws, including the requirements of Regulation S-K 1300. There has been no material reduction
in the aggregate amount of estimated mineral reserves, estimated mineral resources or mineralized material with respect to such properties,
from the amounts most recently set forth in the Parent Public Documents, with the exception of depletion in the ordinary course. The information
provided by the Parent and its Subsidiaries to the &#8220;qualified persons&#8221; (as defined in Regulation S-K 1300) in connection with
the preparation of such estimates was accurate and complete in all material respects at the time such information was provided.</TD></TR></TABLE>


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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(p)</TD><TD STYLE="text-align: left"><U>Scientific and Technical Information</U>. The Palmarejo, Rochester, Kensington, Las Chispas and Wharf
properties are the only properties material to the Parent for the purpose of Regulation S-K 1300. The technical reports prepared for the
Parent in respect of the Palmarejo, Rochester, Kensington, Las Chispas and Wharf properties (the &#8220;<B>Parent Technical Reports</B>&#8221;)
complied in all material respects with the requirements of Regulation S-K 1300 at the time of filing thereof. The Parent made available
to the authors of the Parent Technical Reports, prior to issuance thereof, for the purpose of preparing such reports, all information
requested by them and none of such information contained any Misrepresentation as of the time such information was provided. The Company
is in compliance in all material respects with the provisions of Regulation S-K 1300, has filed all technical reports required thereby,
and there has been no material change of which the Parent is aware that would materially disaffirm or materially change any aspect of
the Parent Technical Reports or that would require the filing of new technical reports under Regulation S-K 1300.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(q)</TD><TD STYLE="text-align: left"><U>Personal Property</U>. The Parent and its Subsidiaries have good and valid title to, or a valid and
enforceable leasehold interest in, all personal property that is, individually or in the aggregate, material to the operation of the business
of the Parent and its Subsidiaries as currently conducted, free and clear of any Liens (other than Parent Permitted Liens).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(r)</TD><TD STYLE="text-align: left"><U>Employment Matters</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Other than as provided for or permitted by this Agreement or the Plan of Arrangement, neither the Parent
nor its Subsidiaries has entered into any written or oral agreement or understanding providing for employment, severance, retention, bonus,
golden parachute, change of control, or termination payments or entitlements to any current or former Parent Employee in connection with
the termination of their position or their employment with the Parent or its Subsidiaries or in connection with the consummation of the
Arrangement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">As at the date hereof, neither the Parent nor any of its Subsidiaries (A)&nbsp;is a party to any collective
bargaining agreement, or (B)&nbsp;is subject to any union certification or application for certification or, to the knowledge of the Company,
threatened or apparent union-organizing campaigns for employees not covered under a collective bargaining agreement. To the knowledge
of the Parent, no labour strike, lock-out, slowdown or work stoppage is pending or threatened against or directly affecting the Parent
or any of its Subsidiaries. As at the date hereof, there are no employee associations, voluntary recognized or certified unions authorized
to represent any of the employees of the Company or any of its Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">Except as set out in Schedule 4.1(r)(iii) of the Parent Disclosure Letter, all amounts due or accrued
for all salary, wages, bonuses, commissions, vacation pay, sick days and benefits under the Parent Benefit Plans have either been paid
or are accurately reflected in the books and records of the Parent and its Subsidiaries in all material respects in accordance with GAAP</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">or, in the case of bonuses or other incentive
payments not yet determined, the Parent has made reasonable accruals or estimates therefor in the books and records of the Parent. All
liabilities in respect of the Parent Employees have or shall have been paid or accrued to the Effective Date, including premium contributions,
remittances and assessments for employment insurance, employer health tax, Canada Pension Plan, income tax, workers&#8217; compensation
and any other employment-related legislation.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">The Parent and its Subsidiaries are in material compliance with all material terms and conditions of employment
(including the terms of any applicable collective bargaining agreement) and applicable Laws relating to employment or termination of employment,
including pay equity, employees&#8217; profit sharing (<I>participaci&oacute;n de los trabajadores en las utilidades de las empresas</I>)
obligations, subcontracting regime (<I>r&eacute;gimen de subcontrataci&oacute;n) </I>in terms of the Mexican Federal Labor Law (<I>Ley
Federal del Trabajo</I>), assignment of employees and personnel provision services, wages, hours of work, overtime, vacation, human rights,
employer health tax and social security contributions payment, workers&#8217; compensation and occupational health and safety.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">There are no material employment-related claims, complaints, investigations or orders under applicable
Laws respecting employment now pending or, to the knowledge of the Parent, threatened against the Parent or any of its Subsidiaries by
or before any Governmental Entity as of the date of this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">To the knowledge of the Parent, each of the Parent and its Subsidiaries has properly characterized retained
individuals as either employees or independent contractors for the purposes of Taxes and other applicable Laws, and none of them has received
any notice from any Governmental Entity disputing such classification.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">Each and every Parent Employee has all the necessary permits under applicable Laws to lawfully work in
the country of their employment, including without limitation any working visa that may be required. Each of the Parent and its Subsidiaries
has the necessary permits to employ each and every Parent Employee in terms of applicable Laws, including without limitation any migratory
permit to hire foreign employees, as applicable.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: left">Other than in the ordinary course (including annual cost-of-living salary increases or statutory collective
bargaining agreements annual reviews), since December 31, 2024, the Parent and its Subsidiaries have not granted or promised any Parent
Employee any extraordinary or special increases in compensation or benefits, or any payment of any bonus, or deferred compensation or
similar arrangement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: left">As of the date hereof, no Parent Employee who is at the director level and above for the corporate office
of the Parent, or who is at the general manager level and above at the site level of the Parent, has given written notice to the</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">Parent and/or its Subsidiaries of an
intention to terminate employment and, to the knowledge of the Parent, no such Parent Employee intends to terminate employment.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: left">To the knowledge of the Parent, no Parent Employee has been terminated for cause as provided by the Federal
Labor Law (<I>Ley Federal del Trabajo</I>).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(s)</TD><TD STYLE="text-align: left"><U>Absence of Certain Changes or Events</U>. Except as disclosed in the Parent Public Documents, since
December&nbsp;31, 2024:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">the Parent and its Subsidiaries have conducted their respective businesses in the ordinary course in all
material respects and have not taken any steps to take any actions which, if taken after the date hereof, would require the Company&#8217;s
consent pursuant to Section 5.4 of this Agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">there has not been any damage, destruction or other casualty loss with respect to any asset owned, leased
or otherwise used by the Parent or any of its Subsidiaries that is material to the Parent and its Subsidiaries, taken as a whole, whether
or not covered by insurance (other than in the ordinary course or regular wear and tear);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">other than as expressly permitted by this Agreement, there has not been any acquisition or disposition
(including any reconveyance) by the Parent or any of its Subsidiaries of any property or asset that would be material to the Parent and
its Subsidiaries, taken as a whole;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">there has not been any write down by the Parent of the value of any of the material assets of the Parent
and its Subsidiaries, taken as a whole; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">through to the date of this Agreement, there has not been any change, effect, event, occurrence, state
of facts or circumstance that has had, or would reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse
Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(t)</TD><TD STYLE="text-align: left"><U>Litigation</U>. Except as disclosed in Schedule&nbsp;4.1(t) of the Parent Disclosure Letter, there
are no claims, actions, suits, demands, arbitrations, charges, indictments, orders, hearings or other civil, criminal, administrative
or investigative proceedings, or other investigations or examinations pending or, to the knowledge of the Parent, threatened against the
Parent or any of its Subsidiaries, the business of the Parent or any of its Subsidiaries, or affecting any of their properties or assets,
before or by any Governmental Entity which, if commenced and adversely determined, would have, or would reasonably be expected to have,
a Parent Material Adverse Effect or would significantly impede the ability of the Parent to consummate the Arrangement. Except as disclosed
in Schedule&nbsp;4.1(t) of the Parent Disclosure Letter and to the knowledge of the Parent, there are no events or circumstances which
would reasonably be expected to give rise to or serve as a basis for the commencement of any such claim, action, suit, demand, arbitration,
charge, indictment, order, hearing or other civil, criminal, administrative or investigative proceeding, or other investigation or examination.
There are no</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">outstanding orders, judgments, injunctions,
or decrees against the Parent or its Subsidiaries that materially and adversely impact the business, property or assets of the Parent
and its Subsidiaries. At the date hereof, neither the Parent nor any of its Subsidiaries currently intends to initiate any suit, action,
claim or arbitration that would be material to the Parent and its Subsidiaries, taken as a whole.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(u)</TD><TD STYLE="text-align: left"><U>Indigenous Claims.</U> There are no material claims or actions with respect to Indigenous rights currently
outstanding or, to the knowledge of the Parent, threatened or pending, with respect to the Parent Property. There are no material land
entitlement claims having been asserted or any legal actions relating to Indigenous rights having been instituted with respect to the
Parent Property, and no dispute in respect of the Parent Property with any Indigenous group exists or, to the knowledge of the Parent,
is threatened or imminent which, if adversely determined, would have, or would reasonably be expected to have, a Parent Material Adverse
Effect. The Parent Properties that were <I>ejidos</I> or communal property, as applicable, were disincorporated from the <I>ejido</I>
regime and passed to the private property regime through the Acts of Adoption of Full Ownership. The relevant Acts of Adoption of Full
Ownership including the notices and formalities related to the right of first refusal and preference and were duly notarized before a
notary public and registered before the National Agrarian Registry (<I>Registro Agrario Nacional</I>) and the corresponding Public Registry
of Property (<I>Registro P&uacute;blico de Propiedad</I>). No Parent Property is a national, <I>ejidal</I> or communal land and adjoins
<I>ejidal</I> or communal land and no Parent Property is encroaching on any private, <I>ejidal</I> or communal property in respect of
which any third party, <I>ejido</I> or community may be the owner under any title of ownership or resolution of endowment and/or restitution
of land whatsoever. The Parent has made available copies of all material agreements with Indigenous groups.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: left"><U>Community Relations</U>. To the knowledge of the Parent, no authorized representative of any community
in the vicinity (including any <I>ejido</I>) of any of the Parent Properties has communicated in writing to the Parent or any of its Subsidiaries:
(A) a requirement that the consent of such community be obtained as a condition to continued operation of any such Parent Property, (B)
any violation related to agrarian, <I>ejido</I> or communal restrictions, including proceedings related to <I>ejido</I> donations or endowments
or extensions or requests for <I>ejido</I> or agrarian appropriations or pre-emptive rights or similar rights in agrarian matters on any
of the Parent Properties, or (C) a material increase in the compensation payments payable by the Parent or any of its Subsidiaries under
any community development or social framework or similar agreements as a condition to the continued operation of such Parent Properties,
other than such communications in the ordinary course.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(w)</TD><TD STYLE="text-align: left"><U>No Expropriation</U>. No property or asset of the Parent or its Subsidiaries (including any Parent
Mineral Interests) has been taken or expropriated or suffered a similar proceeding by any Governmental Entity nor has any notice or proceeding
in respect thereof been given or commenced nor, to the knowledge of the Parent, is there any threat, intent or proposal to give any such
notice or to commence any such proceeding.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: left"><U>Taxes</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Each of the Parent and its Subsidiaries has duly and timely filed all material Tax Returns required to
be filed by it (taking into account any applicable extensions) prior to the date hereof and all such Tax Returns are true, complete and
correct in all material respects.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 4.1(x) of the Parent Disclosure Letter, no Tax Return of the Parent or
any of its Subsidiaries is under audit by any Governmental Entity, and no written or oral notice of such an audit has been received by
the Parent. The Parent is not a party to, or otherwise subject to, a proceeding in which Taxes are being contested.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">Each of the Parent and its Subsidiaries has paid on a timely basis all material Taxes which are due and
payable by it on or before the date hereof (including installments) and has provided accruals in accordance with GAAP in the most recently
published consolidated financial statements of the Parent for any Taxes of the Parent and its Subsidiaries for the period covered by such
financial statements that have not been paid whether or not shown as being due on any Tax Returns. Since such publication date, no material
liability in respect of Taxes not reflected in such statements or otherwise provided for has been assessed, proposed to be assessed, incurred
or accrued, other than in the ordinary course.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">Except as disclosed in Schedule 4.1(x) of the Parent Disclosure Letter, no material deficiencies, litigation,
audits, claims, proposed adjustments or matters in controversy exist or have been asserted with respect to Taxes of the Parent or any
of its Subsidiaries, and neither the Parent, nor any of its Subsidiaries, is a party to any action or proceeding for assessment or collection
of Taxes and no such event has been asserted or, to the knowledge of the Parent, threatened against the Parent or any of its Subsidiaries
or any of their respective assets.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">No claim has been made by any Governmental Entity in a jurisdiction where the Parent or any of its Subsidiaries
does not file Tax Returns that the Parent, or any of its Subsidiaries, is or may be subject to Tax by that jurisdiction or is or may be
required to file a tax return in that jurisdiction.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">There are no Liens with respect to Taxes upon any of the assets of the Parent or any of its Subsidiaries
(other than Parent Permitted Liens).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">Each of the Parent and its Subsidiaries has withheld, deducted or collected all material amounts required
to be withheld, deducted or collected by it on account of Taxes and has remitted all such amounts to the appropriate Governmental Entity
as required by Law. Each of the Parent and its Subsidiaries has complied in all material respects with all related information reporting,
withholding and record retention requirements.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(viii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Neither the Parent, each of its Subsidiaries or any third party provider
who has issued CFDIs in favor of the Parent or any of its Subsidiaries are mentioned in the list provided under Article 69 B of the <I>C&oacute;digo
Fiscal de la Federaci&oacute;n</I>.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: left">Neither the Parent nor any of its Subsidiaries has entered into, or participated in, any &#8220;listed
transaction&#8221; within the meaning of U.S. Treasury Regulations section 1.6011-4(b)(2).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(x)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Neither the Parent nor any of its Subsidiaries has been a &#8220;distributing&#8221;
corporation or a &#8220;controlled corporation&#8221; (each within the meaning of section 355(a)(1)(A) of the U.S. Tax Code) in any distribution
of stock during the two (2) year period ending on the date of this Agreement that was purported or intended to be governed by section
355 of the U.S. Tax Code (or so much of section 356 of the U.S. Tax Code as relates to section 355 of the U.S. Tax Code).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(xi)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">(A) Neither the Parent nor its Subsidiaries has taken or agreed to take
any action that would prevent the Arrangement from qualifying as a &#8220;reorganization&#8221; within the meaning of section 368(a) of
the U.S. Tax Code and (B) the Parent is not aware of any agreement, plan or other circumstance that would prevent the Arrangement from
qualifying as a &#8220;reorganization&#8221; within the meaning of section 368(a) of the U.S. Tax Code.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(xii)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">The Parent and each of its Subsidiaries has made available to the Company
true, correct and complete copies of all material Tax Returns, examination reports and statements of deficiencies for taxable periods,
or transactions consummated, for which the applicable statutory periods of limitations have not expired.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xiii)</TD><TD STYLE="text-align: left">The Parent and its Subsidiaries have complied in all material respects with the transfer pricing (including
any contemporaneous documentation) provisions of each applicable Law, including for greater certainty, under section&nbsp;247 of the Tax
Act (and the corresponding provisions of any applicable provincial Law).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">(xiv)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">The Parent and each of its Subsidiaries retains all material tax, accounting
and Corporate Records required by applicable Law to support any tax or accounting position, filing or claim made by them with respect
to Taxes.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(y)</TD><TD STYLE="text-align: left"><U>Insurance</U>. All insurance maintained by the Parent or any of its Subsidiaries is in full force and
effect and in good standing, and neither the Parent nor any of its Subsidiaries is in default, whether as to payment of premium or otherwise,
and such insurance is reasonable and prudent in light of the size of the Parent and its Subsidiaries and the nature of its business and
operations. The Parent and its Subsidiaries maintain the insurance policies required by applicable Laws and any Contract to which the
Parent and its Subsidiaries are a party or by which they are otherwise bound, including all required insurance policies to operate in
the ordinary course of business, as currently conducted.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(z)</TD><TD STYLE="text-align: left"><U>Non-Arm&#8217;s Length Transactions</U>. Other than (A) as disclosed in the Parent Public Documents
and (B) employment or compensation agreements entered into in the ordinary course, there are no current contracts, commitments, agreements,
arrangements or other transactions (including relating to indebtedness by or to the Parent or its Subsidiaries) between the Parent or
its Subsidiaries, on the one hand, and any (i)&nbsp;officer or director of the Parent or any of its Subsidiaries, (ii)&nbsp;any holder
of record or, to the knowledge of the Parent, beneficial owner of 10% or more of the voting securities of the Parent, or (iii)&nbsp;any
affiliate or associate of any officer, director or beneficial owner, on the other hand.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(aa)</TD><TD STYLE="text-align: left"><U>Parent Benefit Plans</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Schedule 4.1(aa)(i) of the Parent Disclosure Letter contains a true and complete list of all material
Parent Benefit Plans. Current and complete copies of all the Parent Benefit Plans as amended as of the date hereof have been delivered
or made available to the Company together with copies of all material documents relating to the Parent Benefit Plans.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">No Parent Benefit Plan:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">is a &#8220;registered pension plan&#8221;, a &#8220;retirement compensation arrangement&#8221;, a &#8220;deferred
profit sharing plan&#8221;, or a &#8220;salary deferral arrangement&#8221;, as each such term is defined in the <I>Tax Act</I>;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: left">is a &#8220;multi-employer plan&#8221; as such term is defined in subsection 8500(i) of the Regulations
of <I>Tax Act</I> or a Multiemployer Plan;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: left">contains a &#8220;defined benefit provision&#8221; as defined in subsection 147.1(1) of the <I>Tax Act</I>,
or is a &#8220;defined benefit plan&#8221; (as defined in Section 3(35) of ERISA) whether or not subject to ERISA, or any plan subject
to Section 412 of the U.S. Tax Code or Section 302 of ERISA;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: left">provides for health and welfare benefits which are not fully-insured;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(E)</TD><TD STYLE="text-align: left">provides for retiree or post-termination benefits to Parent Employees or former Parent Employees or beneficiaries
or dependents thereof (other than as required by applicable Laws); or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(F)</TD><TD STYLE="text-align: left">provides benefits to independent contractors.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">Each Parent Benefit Plan is, and has been, established, registered (if required), amended, funded, operated,
communicated, administered and invested in compliance with its terms and all Laws, except as would not reasonably be expected to result
in material liability to the Parent and its Subsidiaries. All employer and employee payments, contributions and premiums required to be
remitted, paid to or in respect of each Parent Benefit Plan, as of the date hereof, have been paid or remitted in all material respects
in a timely fashion in accordance with its terms and all Laws; and</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">all obligations in respect of each Parent
Benefit Plan have been properly accrued and reflected in the Parent&#8217;s financial statements.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">To the knowledge of the Parent, there are no investigations by a Governmental Entity or material claims
(other than routine claims for payment of benefits) pending involving any Parent Benefit Plan, and to the knowledge of the Parent and
its Subsidiaries no event has occurred which would reasonably be expected to give rise to such investigations or material claims (other
than routine claims for payment of benefits).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">There has been no amendment to, or announcement by the Parent or any of its Subsidiaries relating to,
or change in employee participation or coverage under, any Parent Benefit Plan and no Parent Benefit Plan contains provisions permitting
retroactive increase or payments on termination which, in each case, would materially increase the expense of maintaining such plan above
the level of the expense incurred therefor for the most recent fiscal year.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">Neither the execution of this Agreement by the Parent nor the consummation of the Arrangement pursuant
to the Plan of Arrangement (whether alone or in conjunction with any subsequent events) would result in (A)&nbsp;any Parent Employees
receiving termination or severance pay or any increase in termination or severance pay upon any termination of employment after the date
hereof, or (B)&nbsp;acceleration of the time of payment or vesting or result in any payment or funding (through a grantor trust or otherwise)
of compensation or benefits under, increase the amount payable or result in any other material obligation pursuant to any of the Parent
Benefit Plans.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">There is no entity other than the Parent or its Subsidiaries participating in any Parent Benefit Plan.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: left">All data necessary to administer each Parent Benefit Plan is in the possession of the Parent or its Subsidiaries
or its agents and is in a form which is sufficient for the proper administration of the Parent Benefit Plan in accordance with its terms
and, to the knowledge of the Parent, such data is complete and correct in all material respects.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(bb)</TD><TD STYLE="text-align: left"><U>Environmental</U>. Except for any matters that, individually or in the aggregate, would not have or
would not reasonably be expected to have a Parent Material Adverse Effect:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">since January 1, 2022, all facilities and operations of the Parent and its Subsidiaries have been conducted,
and are now, in compliance with all Environmental Laws;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">the Parent and its Subsidiaries are in possession of, and in compliance with, all Environmental Permits
that are required to own, lease and operate the Parent Mineral Interests and to conduct their respective business as they are</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">now being conducted which are legal,
valid, binding and in full force and effect, all of which appear in the name of the Parent and/or its Subsidiaries;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">to the knowledge of the Parent, no Environmental Liabilities presently exist with respect to any portion
of any currently or formerly owned, leased, used or otherwise controlled property, interests and rights or relating to the operations
and business of the Parent and its Subsidiaries and, to the knowledge of the Parent, there is no basis for any such Environmental Liabilities
to arise in the future as a result of the Parent&#8217;s activities in respect of such property, interests, rights, operations and business;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">except as disclosed in Schedule&nbsp;4.1(bb)(iv) of the Parent Disclosure Letter, neither the Parent nor
any of its Subsidiaries is subject to or has received notice of any proceeding, application, order or directive from any Governmental
Entity which relates to environmental matters and which may require any material work, repairs, construction or expenditures, or create
any additional Environmental Liabilities, and to the knowledge of the Parent, there are no pending environmental claims;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">the Parent or its Subsidiaries have posted with the relevant regulatory authorities all financial assurance
required to be posted pursuant to Environmental Laws or Environmental Permits, including any financial assurance required in connection
with reclamation, remediation or closure plans for the Parent Mineral Interests;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">to the knowledge of the Parent, there are no changes in the status, terms or conditions of any Environmental
Permits held by the Parent or any or its Subsidiaries or any renewal, modification, revocation, reassurance, alteration, transfer or amendment
of any such Environmental Permits, or any review by, or approval of, any Governmental Entity of such Environmental Permits or in connection
with the execution or delivery of this Agreement, the consummation of the transactions contemplated herein or the continuation of the
business of the Parent or its Subsidiaries following the Effective Date; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">the Parent and its Subsidiaries have made available to the Company true, correct and complete copies of
all material audits, studies, plans, assessments, investigation reports (including Phase I and Phase II environmental site assessments)
and regulatory correspondence with respect to environmental matters in their possession or control.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(cc)</TD><TD STYLE="text-align: left"><U>Parent Material Contracts</U>. Schedule&nbsp;4.1(cc) of the Parent Disclosure Letter lists all of the
Parent Material Contracts to which the Parent and its Subsidiaries are parties all of which are in full force and effect and are enforceable
in accordance with their terms with respect to each of the Parent and its Subsidiaries. The Parent and each of its Subsidiaries has complied
in all material respects with all the terms of all Parent Material Contracts. Neither the Parent nor any of its Subsidiaries is in breach
of, or default under, any Parent Material Contract to which it is a party or bound, nor does the Parent have knowledge of any condition
that with the passage of time</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">or the giving of notice or both would result
in such a breach or default, except in each case where any such breaches or defaults would not, individually or in the aggregate, reasonably
be expected to be, or result in, a Parent Material Adverse Effect. As of the date hereof, neither the Parent nor any of its Subsidiaries
knows of, or has received written notice of, any breach or default under (nor, to the knowledge of the Parent, does there exist any condition
which with the passage of time or the giving of notice or both would result in such a breach or default under) any Parent Material Contract
by any other party thereto except where any such violation or default would not, individually or in the aggregate, reasonably be expected
to be, or result in, a Parent Material Adverse Effect. The Parent has made available to the Company true and complete copies of all of
the Parent Material Contracts. All the Parent Material Contracts are legal, valid, binding and in full force and effect and are enforceable
by the Parent (or a Subsidiary of the Parent, as the case may be) in accordance with their respective terms (subject to bankruptcy, insolvency
and other applicable Laws affecting the enforcement of creditors&#8217; rights generally and subject to the qualification that equitable
remedies may be granted only in the discretion of a court of competent jurisdiction). Neither the Parent nor any of its Subsidiaries has
received notice that any party to a Parent Material Contract intends to cancel, terminate, materially modify or not renew such Parent
Material Contract.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(dd)</TD><TD STYLE="text-align: left"><U>No Impediment under Existing Indebtedness.</U> There are no covenants or other terms (including approval,
consent or other discretionary rights of any lender or noteholder) under any of the Parent&#8217;s or any of its Subsidiaries&#8217; credit
agreements (including the Parent Credit Agreement), indentures or other documents governing or relating to the indebtedness of the Parent
and its Subsidiaries which would reasonably be expected to prevent, materially delay or otherwise materially impede the consummation of
the Arrangement or the transactions contemplated by this Agreement. Provided that the Company Credit Agreement is terminated in connection
with the consummation of the Arrangement, the consummation of the Arrangement and the completion of any aspect of the transactions contemplated
by this Agreement will not result or give rise to a default or event of default under the Parent Credit Agreement, indentures or other
documents governing or relating to the indebtedness of the Parent and its Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ee)</TD><TD STYLE="text-align: left"><U>Standstill Agreements</U>. Neither the Parent nor any of its Subsidiaries has waived any Parent Standstill
Agreement to which the Parent or any of its Subsidiaries is a Party, except to permit submissions of expressions of interest prior to
the date of this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ff)</TD><TD STYLE="text-align: left"><U>Whistleblower Reporting</U>. No employee of the Parent or any of its Subsidiaries, nor any legal counsel
representing the Parent or any of its Subsidiaries, has reported evidence of a material violation of any Securities Laws, breach of fiduciary
duty or similar material violation by the Parent or any of its Subsidiaries or their respective officers, directors, employees, agents
or independent contractors to the Parent&#8217;s management, or audit committee (or other committee designated for such purpose) of the
Parent Board.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(gg)</TD><TD STYLE="text-align: left"><U>Restrictions on Business Activities</U>. There is no agreement, judgement, injunction, order or decree
binding upon the Parent or any of its Subsidiaries that has or would reasonably be expected to have the effect of prohibiting or restricting
any acquisition of property by the Parent or any such Subsidiary or the conduct of business by the Parent or any such Subsidiary as currently
conducted (including following the transaction contemplated by this Agreement) other than such agreements, judgements, injunctions, orders
or decrees which would not, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(hh)</TD><TD STYLE="text-align: left"><U>Brokers</U>. Except for the fees to be paid to BMO Nesbitt Burns Inc. and RBC Capital Markets, LLC
pursuant to engagement letters with the Parent, none of the Parent, any of its Subsidiaries, or any of their respective officers, directors
or employees has employed any broker or finder or incurred any liability for any brokerage fees, commissions or finder&#8217;s fees on
behalf of the Parent or any of its Subsidiaries in connection with the transactions contemplated by this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: left"><U>Corrupt Practices Legislation</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">None of the Parent, its Subsidiaries and affiliates, nor, to the Parent&#8217;s knowledge, any of their
Representatives or other Persons acting on behalf of the Parent or any of its Subsidiaries or affiliates has directly or indirectly, offered,
promised, agreed, paid, authorized, given or taken any act in furtherance of any such offer, promise, agreement, payment or authorization
on behalf of the Parent or its Subsidiaries, anything of value, directly or indirectly, to any official of a Governmental Entity, any
political party or official thereof or any candidate for political office, for the purpose of any of the following:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">influencing any action or decision of such person in such person&#8217;s official capacity, including
a decision to fail to perform such person&#8217;s official function in order to obtain or retain an advantage in the course of business;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: left">inducing such person to use such person&#8217;s influence with any Governmental Entity to affect or influence
any act or decision of such Governmental Entity to assist the Parent or one of its Subsidiaries in obtaining or retaining business for,
with, or directing business to, any Person or otherwise to obtain or retain an advantage in the course of business; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: left">to assist the Parent or one of its Subsidiaries in obtaining or retaining business for, with, or directing
business to, any Person.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">None of the Parent and its Subsidiaries, nor, to the knowledge of the Parent, any of their respective
Representatives has, directly or indirectly, taken any action that is prohibited by or would cause the Parent or one of its Subsidiaries
to be in violation of the requirements of the <I>Corruption of Foreign Public Officials Act</I> (Canada), the <I>Proceeds of Crime (Money</I></TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">Laundering) and Terrorist Financing Act
(Canada), <I>the Foreign Corrupt Practices Act of 1977</I> (United States), the Mexican Anticorruption System Law (<I>Ley General del
Sistema Nacional Anticorrupci&oacute;n</I>), the Mexican General Administrative Liabilities Law (<I>Ley General de Responsabilidades Administrativas</I>),
the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin (<I>Ley Federal para la Prevenci&oacute;n
e Identificaci&oacute;n de Operaciones con Recursos de Procedencia Il&iacute;cita</I>), and the Federal Penal Code (<I>C&oacute;digo Penal
Federal</I>) as amended or any law of similar effect prohibiting corruption, bribery and money laundering in any jurisdiction in which
it conducts its business and to which it is subject (collectively, the &#8220;<B>Parent Applicable Anti-Corruption Law</B>&#8221;). Neither
the Parent, nor its Subsidiaries, nor, to the knowledge of the Parent, their respective Representatives, has violated any Parent Applicable
Anti-Corruption Law and, to the knowledge of the Parent, no condition or circumstances exist that would form the basis of any such allegations.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">All contracts and arrangements between the Parent or one of its Subsidiaries and any other Person are
in compliance with Parent Applicable Anti-Corruption Law. Since January 1, 2023, the Parent and its Subsidiaries have maintained policies
and procedures applicable to it and their respective directors, officers, employees, agents and representatives in place in respect thereof
as are appropriate to prevent and detect violations of Parent Applicable Anti-Corruption Laws.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">None of the Parent or its Subsidiaries nor any of its directors, officers, employees, agents or representatives
has (A) conducted or initiated any review, audit or internal investigation that concluded that the Parent or one of its Subsidiaries or
any of their respective directors, officers, employees, agents or representatives has materially violated any Parent Applicable Anti-Corruption
Law, or (B) made a voluntary, directed or involuntary disclosure to any Governmental Entity responsible for enforcing Parent Applicable
Anti-Corruption Law, in each case with respect to any alleged act or omission arising under or relating to material non-compliance with
any such Laws, or received any notice, request or citation from any person alleging material non-compliance with any such Laws.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">The Parent and its Subsidiaries have maintained systems of internal controls intended to ensure compliance
by the Parent, its Subsidiaries and their respective Representatives with Parent Applicable Anti-Corruption Law.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(jj)</TD><TD STYLE="text-align: left"><U>Sanctions</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">Neither the Parent, nor any of its Subsidiaries, nor any of their respective directors, officers or employees
nor, to the knowledge of the Parent, any agents or persons acting on any of their behalf: (A) is a Restricted Party; or (B) has received
written notice of or is aware of any claim, action, suit, proceeding or investigation against it with respect to Sanctions by any Sanctions
Authority.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">None of the Parent, any of its Subsidiaries or any director, officer, employee or to the knowledge of
the Parent, agent of the Parent or any of its Subsidiaries is a Person that is, or is owned or controlled by Persons that are: (A) the
subject/target of any Sanctions, or (B) located, organized or resident in a country or territory that is the subject of Sanctions, including
Russia, Crimea, Donetsk People&#8217;s Republic and the Luhansk People&#8217;s Republic of Ukraine, the Kherson and the Zaporizhzhia oblasts
of Ukraine, Cuba, Iran, North Korea, and Syria.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">The Parent, its Subsidiaries and their respective directors, officers and employees and, to the knowledge
of the Parent, the agents of the Parent and its Subsidiaries are in compliance with all applicable Sanctions. The Parent and its Subsidiaries
have instituted and maintain policies and procedures reasonably designed to ensure compliance with applicable Sanctions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">Neither the Parent nor any of its Subsidiaries has knowingly engaged in, or is now knowingly engaged in,
any dealings or transactions with any Person, or in property that is owned, held or controlled by or on behalf of any Person or in any
country or territory in violation of Sanctions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(kk)</TD><TD STYLE="text-align: left"><U>Modern Slavery</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Parent and its Subsidiaries have acted in compliance with the fundamental principles defined and protected
by the Universal Declaration of Human Rights, the fundamental principles of the International Labor Organization and rules relating to
the prohibition of forced labour, child labour and human trafficking in their operations and supply chains.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">The Parent and its Subsidiaries are in compliance with the requirements of applicable Modern Slavery Laws.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">The Parent and its Subsidiaries have customary policies and procedures in place reasonably designed to
ensure compliance with applicable Modern Slavery Laws.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ll)</TD><TD STYLE="text-align: left"><U>Investment Canada Act</U>. The Parent and the Purchaser are trade agreement investors and are not state-owned
enterprises, in each case within the meaning of the ICA.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(mm)</TD><TD STYLE="text-align: left"><U>Antitakeover Statutes</U>. The Parent Board has taken all actions necessary to reasonably ensure that
the restrictions applicable to business combinations contained in Section 203 of the DGCL are not, and will not be, applicable to the
execution, delivery or performance of this Agreement or the consummation of the transactions contemplated hereby, including the Arrangement.
Except for Section 203 of the DGCL, no &#8220;fair price,&#8221; &#8220;moratorium,&#8221; &#8220;control share acquisition,&#8221; &#8220;business
combination&#8221; or other similar anti-takeover statutes or regulations enacted under the DGCL or other Law applies or purports to apply
to this Agreement or any of the transactions contemplated by this Agreement.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(nn)</TD><TD STYLE="text-align: left"><U>Bankruptcy</U>. Neither the Parent nor any of its Subsidiaries has commenced or contemplated any proceeding,
or filed or contemplated the filing of any petition, in any court relating to the bankruptcy, <I>concurso mercantil</I>, reorganization,
insolvency, dissolution, liquidation or relief from debtors of the Parent or any of its Subsidiaries. There is no legal basis for the
bankruptcy, insolvency, dissolution or liquidation of the Parent or any of its Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(oo)</TD><TD STYLE="text-align: left"><U>Privacy and Security</U>.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">The Parent and its Subsidiaries (A) are in material compliance with applicable Privacy Laws, and (B) have
implemented and maintained measures designed to provide reasonable assurance that each of the Parent and its Subsidiaries: (i) comply
with applicable Privacy Laws; and (ii) will not collect, acquire, fail to secure, share, disclose, use or otherwise process Personal Information
in a manner inconsistent with applicable Privacy Laws, any notice to or consent from the provider of Personal Information, any Contract
to which each of the Parent and its Subsidiaries is a party that is applicable to such Personal Information, or any privacy policy or
privacy statement from time to time published or otherwise made available by the Parent and its Subsidiaries to the Persons to whom the
Personal Information relates.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">With respect to all Personal Information collected by the Parent and its Subsidiaries, each of the Parent
and its Subsidiaries has taken steps required and reasonably necessary to protect such Personal Information against loss and against unauthorized
access, use, modification, disclosure or other misuse, including implementing and monitoring compliance with reasonable measures with
respect to technological, organizational and physical security of such Personal Information. Each of the Parent and its Subsidiaries has
commercially reasonable safeguards in place designed to protect Personal Information in its possession or control from loss, unauthorized
access, use or disclosure, including by its officers, employees, independent contractors and consultants. To the knowledge of the Parent,
there has been no unauthorized access to, disclosure of, or other misuse of any Personal Information in the custody or control of the
Parent or its Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">Neither the Parent nor its Subsidiaries have received any notice of any claims, investigations or alleged
violations of applicable Privacy Laws including with respect to Personal Information collected or possessed by or otherwise subject to
the control of the Parent and its Subsidiaries.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.2</TD><TD STYLE="text-align: left">Survival of Representations and Warranties</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The representations and warranties of the Parent
and the Purchaser contained in this Agreement shall not survive the completion of the Arrangement and shall expire and be terminated on
the earlier of the Effective Time and the date on which this Agreement is terminated in accordance with its terms.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;5<BR>
COVENANTS</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.1</TD><TD STYLE="text-align: left">Covenants of the Company Regarding the Conduct of Business</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Company covenants and agrees that, during
the period from the date of this Agreement until the earlier of the Effective Time and the termination of this Agreement in accordance
with its terms, except (i) as required by Law or any Governmental Entity; (ii)&nbsp;with the prior written consent of the Parent (not
to be unreasonably withheld, conditioned or delayed); (iii) as set out in the Company Disclosure Letter; or (iv)&nbsp;as otherwise expressly
contemplated or permitted by this Agreement or the Plan of Arrangement:</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">the Company shall, and shall cause each of its Subsidiaries to, conduct its and their respective businesses
in, not take any action except in, and maintain their respective facilities in, the ordinary course and to use commercially reasonable
efforts to maintain and preserve in all material respects its and their present business organization, operations, assets, properties
(including the Company Mineral Interests) and goodwill, to keep available the services of its officers and employees as a group and to
maintain satisfactory relationships consistent with past practice with joint venture partners, suppliers, distributors, employees and
Governmental Entities having business relationships with them;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">without limiting the generality of Section&nbsp;5.1(a), the Company shall not, and shall not permit any
of its Subsidiaries to, directly or indirectly:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">other than as disclosed in Schedule 5.1(b) of the Company Disclosure Letter or as required by the terms
of any Company Equity Incentive Plan, issue, sell, grant, award, pledge, hypothecate, dispose of, or permit a Lien (other than a Company
Permitted Lien) to be created, or agree to issue, sell, grant, award, pledge, hypothecate, dispose of, or permit a Lien (other than a
Company Permitted Lien) to be created on, any Company Shares, or other equity or voting interests or any options, stock appreciation rights,
warrants, calls, conversion or exchange privileges or rights of any kind to acquire (whether on exchange, exercise, conversion or otherwise)
any Company Shares or other equity or voting interests or other securities or any shares of its Subsidiaries (including, for greater certainty,
Company Incentive Awards), other than pursuant to the exercise or settlement of any Company Incentive Awards that are outstanding as of
the date hereof in accordance with their terms;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">amend or propose to amend the articles, by-laws or other constating documents of the Company and its Subsidiaries
or the terms of any securities of the Company or any of its Subsidiaries;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">prior to the Effective Time, declare, accrue, set aside or pay any dividend or make any other distribution
to Company Shareholders (whether in cash, securities or property or any combination thereof) in respect of any Company Shares or the securities
of any of its Subsidiaries, other than for</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">certainty, the payment of any interest
pursuant to the Company Credit Agreement and the Company Notes in accordance with their terms;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">split, combine or reclassify any outstanding Company Shares or the securities of any of its Subsidiaries;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">redeem, purchase or offer to purchase any Company Shares or other securities of the Company or any shares
or other securities of its Subsidiaries, other than pursuant to the settlement of any Company Incentive Awards in accordance with their
terms and except in connection with a Pre-Acquisition Reorganization;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">except in connection with a Pre-Acquisition Reorganization, reorganize, amalgamate or merge the Company
or any of its Subsidiaries with any other Person;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">except in connection with a Pre-Acquisition Reorganization, reduce the stated capital of the shares of
the Company or of any of its Subsidiaries or otherwise change the capital structure of the Company and its Subsidiaries;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: left">other than as disclosed in Schedule 5.1(b) of the Company Disclosure Letter, sell, pledge, hypothecate,
lease, dispose of, mortgage, licence, or permit a Lien (other than a Company Permitted Lien) to be created on or agree to sell, pledge,
hypothecate, dispose of, mortgage, licence, or permit a Lien (other than a Company Permitted Lien) to be created on or otherwise transfer
any assets of the Company or any of its Subsidiaries or any interest in any assets of the Company and its Subsidiaries having a value
greater than $<FONT STYLE="color: black">5</FONT>&nbsp;million in the aggregate, other than sales of inventory, equipment or obsolete assets
in the ordinary course and Liens that are incurred in the ordinary course;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: left">acquire (by merger, consolidation, acquisition of stock or assets or otherwise) or agree to acquire, directly
or indirectly, in one transaction or in a series of related transactions, any Person, or make any investment or agree to make any investment
(by purchase of shares or securities, contributions of capital (other than to wholly-owned Subsidiaries), property transfer, purchase
of any property or assets or otherwise), directly or indirectly, in one transaction or in a series of related transactions, in any Person,
other than acquisitions of assets, equipment and supplies in the ordinary course that do not exceed 115% of the amounts budgeted for acquisitions
in the Company Budget and, for certainty, excluding capital expenditures permitted by Section 5.1(b)(xxii);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: left">incur, create, assume or otherwise become liable for any indebtedness for borrowed money or any other
material liability or obligation or issue any debt securities, or guarantee or otherwise become responsible for, the obligations of any
other Person or make any loans or advances to any Person that is not a Subsidiary of the Company, except (A)&nbsp;in connection with ordinary
course working capital needs (including, without limitation, the</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">indebtedness incurred or to be incurred
under the Company Credit Agreement), or (B) letters of credit, reclamation bonds, financial assurances or other guarantees in respect
of environmental or other obligations in the ordinary course;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: left">adopt a plan of liquidation or resolutions providing for the winding-up, liquidation or dissolution of
the Company or any of its Subsidiaries;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xii)</TD><TD STYLE="text-align: left">pay, discharge, settle, satisfy, compromise, waive, assign or release any material claims, liabilities
or obligations prior to the same becoming due, other than (A)&nbsp;the payment, discharge or satisfaction of liabilities reflected or
reserved against in the Company&#8217;s financial statements or incurred in the ordinary course, (B)&nbsp;for an aggregate amount of no
greater than $<FONT STYLE="color: black">5</FONT>&nbsp;million, or (C)&nbsp;payment of any fees related to the Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xiii)</TD><TD STYLE="text-align: left">waive, release, grant, transfer, exercise, modify or amend in any material respect, other than in the
ordinary course, (A) any existing material contractual rights in respect of any Company Mineral Interests, or (B) any material Authorization,
lease, concession, contract or other document;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xiv)</TD><TD STYLE="text-align: left">take any action or fail to take any action which action or failure to act would result in the material
loss, expiration or surrender of, or the loss of any material benefit under, or reasonably be expected to cause any Governmental Entities
to institute proceedings for the suspension, revocation or limitation of rights under, any material Authorizations necessary to conduct
its businesses as now conducted or planned to be conducted;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xv)</TD><TD STYLE="text-align: left">other than as disclosed in Schedule 5.1(b) of the Company Disclosure Letter, in the ordinary course, in
accordance with this Agreement or the Plan of Arrangement, or as is necessary to comply with applicable Laws or the current terms of any
Contracts or Company Benefit Plans: (A)&nbsp;grant to any Company Employee an increase in compensation in any form, or grant any general
salary increase (other than base salary increases for Company Employees in the ordinary course); (B)&nbsp;make any loan to any Company
Employee (other than expense reimbursements in the ordinary course); (C)&nbsp;take any action with respect to the grant of any severance,
retention, change of control or bonus to, or enter into any employment agreement, deferred compensation or other similar agreement (or
amend any such existing agreement) with any Company Employee; (D)&nbsp;increase any benefits payable under any existing severance or termination
pay policies or employment agreements, or adopt or materially amend or make any contribution to any Company Benefit Plan or other bonus,
profit sharing, option, pension, retirement, deferred compensation, insurance, incentive compensation, compensation or other similar plan,
agreement, trust, fund or arrangement for the benefit of directors or Company Employees or former directors or former Company Employees;
(E)&nbsp;increase bonus levels or other benefits payable to any director or executive officer; (F)&nbsp;provide for accelerated vesting,
removal of restrictions or an exercise of any stock-</TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">based or stock-related awards (including
stock options), except, for greater certainty, where such accelerated vesting, removal of restrictions or exercise occur automatically
pursuant to the terms of a Company Equity Incentive Plan without any further action by the Company; (G)&nbsp;establish, adopt or amend
(except as required by applicable Law) any collective bargaining agreement or similar agreement; or (H)&nbsp;hire or engage, or amend
the terms of employment or engagement of, any Company Employee or independent contractor with total annual compensation exceeding $<FONT STYLE="color: black">250,000</FONT>
(other than to replace any existing Company Employee or independent contractor performing a similar function on substantially similar
annual salaries or to fill a position that is open as of the date of this Agreement on substantially similar compensation as was historically
paid for that position by the Company or its Subsidiaries);</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xvi)</TD><TD STYLE="text-align: left">enter into or terminate any interest rate, currency, equity or commodity swaps, hedges, derivatives, forward
sales contracts or other financial instruments or like transaction other than in the ordinary course or pursuant to the Company&#8217;s
ordinary course cash management practices and hedging activities consistent with past practice;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xvii)</TD><TD STYLE="text-align: left">materially change the business carried on by the Company and its Subsidiaries, as a whole;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xviii)</TD><TD STYLE="text-align: left">amend its accounting policies or adopt new accounting policies, except as required by concurrent changes
in IFRS;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xix)</TD><TD STYLE="text-align: left">enter into any Contract or series of Contracts, other than in the ordinary course, resulting in a new
Contract or series of related new Contracts having a term in excess of twelve (12) months and that would not be terminable by the Company
or its Subsidiaries upon notice of ninety (90) days or less from the date of the relevant Contract, or that would impose financial obligations
on the Company or any of its Subsidiaries in excess of $<FONT STYLE="color: black">5</FONT>&nbsp;million in the aggregate over the term
of the Contract;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xx)</TD><TD STYLE="text-align: left">(A) except in the ordinary course, alter, amend, or otherwise modify or supplement, or waive any material
provision or condition of, any Company Material Contract; (B) default under any material provision of any Company Material Contract; or
(C) enter into any Contract that restricts the ability of the Company or any of its Subsidiaries to offer to purchase the assets or equity
securities of another Person;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xxi)</TD><TD STYLE="text-align: left">enter into or renew any agreement, contract, lease, licence or other binding obligation of the Company
or its Subsidiaries (A) containing (1)&nbsp;any limitation or restriction on the ability of the Company or its Subsidiaries or, following
completion of the transactions contemplated hereby, the ability of the Parent or its Subsidiaries, to engage in any type of activity or
business in any material respect, (2) any limitation or restriction on the manner in which, or the localities in which, all or any portion
of the business of the Company or its Subsidiaries or, following consummation of the transactions</TD></TR></TABLE>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">contemplated hereby, all or any portion
of the business of the Parent or its Subsidiaries, is or would be conducted in any material respect, or (3) any limit or restriction on
the ability of the Company or its Subsidiaries or, following completion of the transactions contemplated hereby, the ability of the Parent
or its Subsidiaries, to solicit customers or employees in any material respect or (B) that would reasonably be expected to materially
delay or prevent the consummation of the transactions contemplated by this Agreement;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xxii)</TD><TD STYLE="text-align: left">incur any capital expenditures or enter into any agreement obligating the Company or its Subsidiaries
to provide for future capital expenditures involving payments in excess of 115% of the amounts budgeted for capital expenditures in the
Company Budget in the aggregate; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xxiii)</TD><TD STYLE="text-align: left">commence, as plaintiff, any legal proceedings against a Governmental Entity.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">The Company shall not terminate, let lapse or amend or modify in any material respect any insurance policy
maintained by the Company and its Subsidiaries; and except as contemplated by Section 5.16, the Company shall use its commercially reasonable
efforts to cause its and its Subsidiaries&#8217; current insurance (or re-insurance) policies not to be cancelled or terminated or any
of the coverage thereunder to lapse, unless simultaneously with such termination, cancellation or lapse, replacement policies underwritten
by insurance and re-insurance companies of nationally recognized standing providing coverage equal to or greater than the coverage under
the cancelled, terminated or lapsed policies for commercially reasonable premiums are in full force and effect, provided that, subject
to Section&nbsp;5.16, neither the Company nor any of its Subsidiaries shall obtain or renew any insurance (or re-insurance) policy for
a term exceeding 12 months;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">the Company shall and shall cause each of its Subsidiaries to maintain and preserve all of its and its
Subsidiaries rights under each of its Mineral Rights and Company Properties under each of its and its Subsidiaries&#8217; Authorizations;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">the Company and each of its Subsidiaries shall:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">diligently pursue the finalization of the audited annual consolidated financial statements of the Company
and its Subsidiaries for the year ended December 31, 2025 such that they can be filed on SEDAR+ in the ordinary course, and maintain all
material books and records related thereto;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">consult with, and take under consideration advice from, the Parent in connection with any material ongoing
legal proceedings to which the Company or its Subsidiaries are party;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">duly and timely file all Tax Returns required to be filed by it (taking into account any applicable extensions)
on or after the date hereof and all such Tax Returns will be true, complete and correct in all respects;</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">timely withhold, collect, remit and pay all Taxes which are required to be withheld, collected, remitted
or paid by it to the extent due and payable;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">not make, change or rescind any election, information, return or designation relating to Taxes;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">not make a request for a Tax ruling, voluntarily disclose any potential or actual Tax issue to any taxing
authority, or enter into or amend any agreement with any taxing authorities, or consent to any extension or waiver of any limitation period
with respect to Taxes;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">not settle or compromise any claim, action, suit, litigation, proceeding, arbitration, investigation,
audit or controversy relating to Taxes affecting the Company or any of its Subsidiaries (other than the payment, discharge or satisfaction
of liabilities reflected in or reserved against in the interim consolidated financial statements of the Company for the three months ended
September 30, 2025);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: left">not enter into any Tax Sharing Agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: left">terminate all Tax Sharing Agreements without further liability to Parent, the Company, or its Subsidiaries
following the Effective Time;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: left">not amend any Tax Return or change any of its methods of reporting income, deductions or accounting for
income Tax purposes from those employed in the preparation of its income Tax Return for the tax year ended December 31, 2024;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: left">keep the Parent reasonably informed of any material events, discussions or correspondence with any Governmental
Entity or other related action with respect to any Tax audit, investigation or assessment; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">the Company shall not authorize, agree or otherwise commit to do any of the matters otherwise prohibited
by this Section 5.1.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.2</TD><TD STYLE="text-align: left">Covenants of the Company Relating to the Arrangement</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Company covenants and agrees that, during
the period from the date of this Agreement until the earlier of the Effective Time and the termination of this Agreement in accordance
with its terms, it shall, and shall cause its Subsidiaries to perform all obligations required to be performed by the Company or any of
its Subsidiaries under this Agreement, co-operate with the Parent in connection therewith, and do all such other acts and things as may
be reasonably necessary or desirable in order to consummate and make effective the transactions contemplated in this&nbsp;Agreement and
the Company shall, and shall cause its Subsidiaries to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">other than in respect of the Regulatory Approvals, which shall be governed by Section&nbsp;5.10, use its
commercially reasonable efforts to effect all necessary registrations, filings and submissions of information required by Governmental
Entities from it or its Subsidiaries relating to the Arrangement;</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">use its commercially reasonable efforts to obtain all third party consents, approvals and notices required
under any of the Company Material Contracts (other than the Company Credit Agreement);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">use commercially reasonable efforts to defend all lawsuits or other legal, regulatory or other proceedings
against the Company challenging or affecting this Agreement or the consummation of the transactions contemplated hereby;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">other than in respect of the Regulatory Approvals, which shall be governed by Section&nbsp;5.10, use commercially
reasonable efforts to satisfy all conditions precedent in this Agreement and take all steps set forth in the Interim Order and the Final
Order applicable to it and comply promptly with all requirements imposed by Law on it or its Subsidiaries with respect to this Agreement
or the Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">use its commercially reasonable efforts to carry out all actions necessary to ensure the availability
of the exemption from the registration requirements of the U.S. Securities Act provided by section&nbsp;3(a)(10) of the U.S. Securities
Act and applicable U.S. state securities laws;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">cooperate with, and provide commercially reasonable assistance to, Parent and Purchaser in the preparation
and filing, on the Effective Date, of an election pursuant to subparagraph (c)(i) of the definition of &#8220;public corporation&#8221;
contained in subsection 89(1) of the Tax Act such that the Company ceases to be a &#8220;public corporation&#8221; for the purposes of
the Tax Act;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left">not take any action, or refrain from taking any commercially reasonable action, or permit any action to
be taken or not taken, which is inconsistent with this Agreement or which would reasonably be expected to prevent, materially delay or
otherwise impede the consummation of the Arrangement or the transactions contemplated by this Agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left">promptly (and, in any event, within twenty-four (24) hours) notify the Parent of:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">any Company Material Adverse Effect or change, effect, event, occurrence or state of facts or circumstance
that would reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">any notice or other communication from any Person alleging that the consent (or waiver, permit, exemption,
order, approval, agreement, amendment or confirmation) of such Person (or another Person) is required in connection with this Agreement
or the Arrangement; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">any material proceedings commenced or, to the knowledge of the Company, threatened against, relating to
or involving or otherwise affecting the Company or any of its Subsidiaries in connection with this Agreement or the Arrangement. The Company
shall give Parent a reasonable opportunity to participate in the defense or settlement of any substantive shareholder litigation against
the Company or its directors or officers relating to the Arrangement, and no such settlement (to the extent a material monetary</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">amount is involved) shall be agreed to
without the prior written consent of Parent, which consent shall not be unreasonably withheld, conditioned or delayed.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.3</TD><TD STYLE="text-align: left">Covenants of the Company Regarding the TSX and NYSE American Delisting</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Prior to the Effective Date, the Company shall
use commercially reasonable efforts to take, or cause to be taken, all actions, and do or cause to be done all things reasonably necessary,
proper or advisable on its part under applicable Laws and rules and policies of the TSX and NYSE American to cause the delisting of the
Company Shares from the TSX and NYSE American, as applicable, as promptly as practicable after the Effective Time.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.4</TD><TD STYLE="text-align: left">Covenants of the Parent Regarding the Conduct of Business</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parent covenants and agrees that, during
the period from the date of this Agreement until the earlier of the Effective Time and the termination of this Agreement in accordance
with its terms, except (i) as required by Law or any Governmental Entity; (ii) with the prior written consent of the Company (not to be
unreasonably withheld, conditioned or delayed); (iii)&nbsp;as set out in the Parent Disclosure Letter; or (iv)&nbsp;as otherwise expressly
contemplated or permitted by this Agreement or the Plan of Arrangement:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">the Parent shall, and shall cause each of its Subsidiaries to, conduct its and their respective businesses
in, not take any action except in, and maintain their respective facilities in, the ordinary course and to use commercially reasonable
efforts to maintain and preserve in all material respects its and their present business organization, operations, assets, properties
(including the Parent Mineral Interests) and goodwill, to keep available the services of its officers and employees as a group and to
maintain satisfactory relationships consistent with past practice with joint venture partners, suppliers, distributors, employees and
Governmental Entities having business relationships with them;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">without limiting the generality of Section&nbsp;5.4(a), the Parent shall not, and shall not permit any
of its Subsidiaries to, directly or indirectly:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">issue, sell, grant, award, pledge, hypothecate or dispose of or agree to issue, sell, grant, award, pledge,
hypothecate or dispose of, any Parent Shares, or other equity or voting interests (including, for greater certainty, Parent Incentive
Awards) or any options, stock appreciation rights, warrants, calls, conversion or exchange privileges or rights of any kind to acquire
(whether on exchange, exercise, conversion or otherwise) any Parent Shares, other than (A)&nbsp;in the ordinary course, (B)&nbsp;as contemplated
in Section&nbsp;5.4(b)(viii) and/or (C)&nbsp;other than pursuant to the exercise or settlement of any Parent Incentive Awards that are
outstanding as of the date hereof in accordance with their terms or as required by the terms of any Parent Incentive Plans;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">amend or propose to amend the articles, by-laws or other constating documents of the Parent or the terms
of any securities of the Parent, other than the Parent Charter Amendment;</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">split, consolidate or reclassify any Parent Shares or undertake any other capital reorganization, or declare,
set aside or pay any dividend or other distribution to the Parent Stockholders (whether in cash, securities or property or any combination
thereof) in respect of any Parent Shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">redeem, purchase or offer to purchase any Parent Shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">reorganize, amalgamate or merge the Parent or any of the Parent Material Subsidiaries with any other Person
(other than an affiliate of the Parent);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">other than as set out in Section 5.4(b)(vi) of the Parent Disclosure Letter, reduce the stated capital
of the Parent Shares or any of its Subsidiaries or otherwise change the capital structure of the Parent and its Subsidiaries (other than
an affiliate of the Parent);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vii)</TD><TD STYLE="text-align: left">sell, pledge, hypothecate, lease, dispose of, mortgage, licence, permit a Lien to be created on or agree
to sell, pledge, hypothecate, dispose of, mortgage, licence, permit a Lien to be created on or otherwise transfer any assets of the Parent
or any of the Parent Material Subsidiaries that could reasonably be expected to prevent or delay the consummation the transactions contemplated
hereby;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(viii)</TD><TD STYLE="text-align: left">acquire (by merger, consolidation, acquisition of stock or assets or otherwise) or agree to acquire, directly
or indirectly, in one transaction or in a series of related transactions, any Person, or make any investment or agree to make any investment
(by purchase of shares or securities, contributions of capital (other than to wholly-owned Subsidiaries), property transfer, purchase
of any property or assets or otherwise), directly or indirectly, in one transaction or in a series of related transactions, in any Person,
provided that the Parent may complete one or more acquisitions and/or investments so long as the fair market value of all such acquisitions
and/or investments, as at the closing of such acquisitions and/or investments, when aggregated together, do not exceed $100 million;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ix)</TD><TD STYLE="text-align: left">incur, create, assume or otherwise become liable for any indebtedness for borrowed money or any other
material liability or obligation or issue any debt securities, or guarantee or otherwise become responsible for, the obligations of any
other Person or make any loans or advances to any Person that is not a Subsidiary of the Parent, except (A)&nbsp;in connection with ordinary
course working capital needs (including, without limitation, the indebtedness incurred or to be incurred under the Parent Credit Agreement),
or (B)&nbsp;letters of credit, reclamation bonds, financial assurances or other guarantees in respect of environmental or other obligations
in the ordinary course;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(x)</TD><TD STYLE="text-align: left">adopt a plan of liquidation or resolutions providing for the winding-up, liquidation or dissolution of
the Parent or any of the Parent Material Subsidiaries;</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xi)</TD><TD STYLE="text-align: left">materially change the business carried on by the Parent and its Subsidiaries, as a whole;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xii)</TD><TD STYLE="text-align: left">pay, discharge, settle, satisfy, compromise, waive, assign or release any material claims, liabilities
or obligations prior to the same becoming due other than (A) in the ordinary course; (B) for an aggregate amount of no greater than $30
million or (C)&nbsp;payment of any fees related to the Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xiii)</TD><TD STYLE="text-align: left">waive, release, grant, transfer, exercise, modify or amend in any material respect, other than in the
ordinary course, (A) any existing material contractual rights in respect of any Parent Mineral Interests, or (B) any material Authorization;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xiv)</TD><TD STYLE="text-align: left">commence, as plaintiff, any legal proceeding before a Governmental Entity that could reasonably be expected
to prevent or delay the consummation of the transactions contemplated hereby or adversely affect the market price or value of the Parent
Shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xv)</TD><TD STYLE="text-align: left">take any action or fail to take any action which action or failure to act would result in the material
loss, expiration or surrender of, or the loss of any material benefit under, or reasonably be expected to cause any Governmental Entities
to institute proceedings for the suspension, revocation or limitation of rights under, any material Authorizations necessary to conduct
its businesses as now conducted or planned to be conducted; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(xvi)</TD><TD STYLE="text-align: left">amend its accounting policies or adopt new accounting policies except as required by concurrent changes
in GAAP;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">the Parent shall and shall cause each of its Subsidiaries to maintain and preserve all of its and its
Subsidiaries rights under each of its Mineral Rights and Parent Properties under each of its and its Subsidiaries&#8217; Authorizations,
including but not limited to obtaining the required extensions and renewals of the Parent&#8217;s and its Subsidiaries&#8217; Authorizations;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">the Parent shall not authorize, agree or otherwise commit to do any of the matters otherwise prohibited
by this Section 5.4; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">the Parent and each of its Subsidiaries shall:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">duly and timely file all Tax Returns required to be filed by it on or after the date hereof and all such
Tax Returns will be true, complete and correct in all respects;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">timely withhold, collect, remit and pay all Taxes which are required to be withheld, collected, remitted
or paid by it to the extent due and payable; and</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">keep the Company reasonably informed of any material events, discussions, correspondence or other action
with respect to any Tax audit, investigation or assessment.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.5</TD><TD STYLE="text-align: left">Covenants Relating to the Consideration Shares</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parent shall apply for and use commercially
reasonable efforts to obtain approval of the listing for trading on the NYSE by the Effective Time of the Parent Shares issuable pursuant
to the Arrangement, subject to official notice of issuance. The Company shall use commercially reasonable efforts to cooperate with the
Parent in connection with the foregoing, including by providing information reasonably requested by the Parent in connection therewith.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.6</TD><TD STYLE="text-align: left">Covenants Relating to TSX Listing</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parent shall apply for and use commercially
reasonable efforts to obtain approval of the listing for trading on the TSX by the Effective Time of the Parent Shares issuable pursuant
to the Arrangement. The Company shall use commercially reasonable efforts to cooperate with the Parent in connection with the foregoing,
including by providing information reasonably requested by the Parent in connection therewith.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.7</TD><TD STYLE="text-align: left">Covenants of the Parent Regarding Blue-Sky Laws</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parent shall use its commercially reasonable
efforts to ensure that the Consideration Shares shall, at the Effective Time, either be registered or qualified under all applicable U.S.
state securities laws, or exempt from such registration and qualification requirements.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.8</TD><TD STYLE="text-align: left">Covenants of the Parent Relating to the Arrangement</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parent covenants and agrees that, during
the period from the date of this Agreement until the earlier of the Effective Time and the termination of this Agreement in accordance
with its terms, it shall and shall cause its Subsidiaries to perform all obligations required to be performed by the Parent or any of
its Subsidiaries under this Agreement, co-operate with the Company in connection therewith, and do all such other acts and things as may
be reasonably necessary or desirable in order to consummate and make effective the transactions contemplated in this&nbsp;Agreement and
the Parent shall, and shall cause its Subsidiaries to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">other than in respect of the Regulatory Approvals, which shall be governed by Section&nbsp;5.10, use its
commercially reasonable efforts to effect all necessary registrations, filings and submissions of information required by Governmental
Entities from it or its Subsidiaries relating to the Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">other than in respect of the Regulatory Approvals, which shall be governed by Section 5.10, use commercially
reasonable efforts to defend all lawsuits or other legal, regulatory or other proceedings against the Parent challenging or affecting
this Agreement or the consummation of the transactions contemplated hereby;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">other than in respect of the Regulatory Approvals, which shall be governed by Section&nbsp;5.10, use commercially
reasonable efforts to satisfy all conditions precedent in this Agreement and take all steps set forth in the Interim Order and the</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">Final Order applicable to it and comply
promptly with all requirements imposed by Law on it or its Subsidiaries with respect to this Agreement or the Arrangement;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">use its commercially reasonable efforts to carry out all actions necessary to ensure the availability
of the exemption from registration under section&nbsp;3(a)(10) of the U.S. Securities Act and applicable U.S. state securities laws;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">other than in respect of the Regulatory Approvals, which shall be governed by Section 5.10, not take any
action, or refrain from taking any commercially reasonable action, or permit any action to be taken or not taken, which is inconsistent
with this Agreement or which would reasonably be expected to prevent, materially delay or otherwise impede the consummation of the Arrangement
or the transactions contemplated by this Agreement; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">promptly (and, in any event, within twenty-four (24) hours) notify the Company of:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">any Parent Material Adverse Effect or change, effect, event, occurrence or state of facts or circumstance
that would reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse Effect;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">any notice or other communication from any Person alleging that the consent (or waiver, permit, exemption,
order, approval, agreement, amendment or confirmation) of such Person (or another Person) is required in connection with this Agreement
or the Arrangement; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">any material proceedings commenced or, to the knowledge of the Parent, threatened against, relating to
or involving or otherwise affecting the Parent or any of its Subsidiaries in connection with this Agreement or the Arrangement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.9</TD><TD STYLE="text-align: left">Indebtedness</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">During the period from the entry into this
Agreement to the Effective Time, the Parties shall cooperate in good faith to mutually determine and use commercially reasonable efforts
to implement any necessary, appropriate or desirable arrangements in anticipation of the consummation of the Arrangement, regarding each
Party&#8217;s and its Subsidiaries&#8217; credit agreements (including the Company Credit Agreement), indentures, hedging arrangements
or other documents governing or relating to the indebtedness of the Parties and their Subsidiaries, including arrangements by way of amendments,
consents, offers to exchange, offers to purchase, redemption, payoff, new financing or otherwise, with respect to refinancing or retaining
a Party&#8217;s or its Subsidiaries&#8217; credit agreements or senior unsecured notes (including the Company Notes), and any security
documents executed by the Company and its Subsidiaries in connection with such credit agreements and/or senior unsecured notes, or other
documents governing or relating to the indebtedness of the Parties and their Subsidiaries, provided that the Company is not required to
implement any such arrangements in respect of any indebtedness of the Company prior to the Effective Time. The Parent shall reimburse
the Company for all reasonable out-of-pocket costs or expenses incurred by the Company and its Subsidiaries in connection with cooperation
provided for in this Section&nbsp;5.9 to the extent the information requested was not otherwise prepared or available in the ordinary
course. The Parent acknowledges and agrees that the consummation of</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">the transactions contemplated by this Agreement
is not conditioned upon the consummation of, or the receipt by the Parent of the proceeds of, any such arrangements.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.10</TD><TD STYLE="text-align: left">Regulatory Approvals</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parent and the Company covenant and agree
with respect to obtaining the Regulatory Approvals required for the completion of the transactions contemplated by this Agreement that,
subject to the term and conditions of this Agreement, until the earlier of the Effective Time and the time that this Agreement is terminated
in accordance with its terms:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">In respect of the CNA Approval, as promptly as reasonably practicable but in any event within twenty (20)
business days of this Agreement or such other date as the Parties may reasonably agree, the Parent and the Company shall submit a notification
to CNA to obtain the CNA Approval.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">In respect of the ICA Approval:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">as promptly as reasonably practicable but in any event within twenty (20) business days of this Agreement
or such other date as the Parties may reasonably agree, the Parent shall submit to the Minister an application for review pursuant to
Part IV of the ICA; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">as promptly as reasonably practicable but in any event within twenty (20) business days of the filing
of the application for review pursuant to Part IV of the ICA referenced in Section 5.10(b)(i), above, or such other date as the Parties
may reasonably agree, the Parent shall submit to the Minister initial proposed undertakings.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">In respect of the Competition Act Approval, as promptly as reasonably practicable but in any event within
twenty (20) business days of this Agreement or such other date as the Parties may reasonably agree, the Parties shall submit to the Commissioner
a request for an advance ruling certificate under section 102 of the Competition Act or, in the alternative, a No Action Letter. Unless
the Parties agree otherwise, within twenty (20) business days of this Agreement, the Parent and the Company shall each submit to the Commissioner
a pre-merger notification pursuant to Part IX of the Competition Act.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">The Parent and the Company shall (and shall cause their respective Subsidiaries, as applicable), to file,
as promptly as practicable but in any event within <FONT STYLE="color: black">thirty (30)</FONT> business days after the date of this Agreement
or such other date as the Parent and the Company may reasonably agree, any other filings or notifications under any other applicable federal,
provincial, state or foreign Law required to obtain any other Regulatory Approvals.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">Other than in respect of the ICA Approval, the Parent and the Company shall use (and shall cause their
respective Subsidiaries to use) their respective commercially reasonable efforts to obtain the Regulatory Approvals as promptly as practicable
after the date of this Agreement and, in any event, in order to allow the Effective Time to occur before the Outside Date; provided, however,
that nothing in this</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">Agreement (other than in respect of the
ICA Approval which shall be governed by Section 5.10(f)) shall require either Party or their respective Subsidiaries to propose, negotiate,
effect or agree to, by consent decree, hold separate order or otherwise, the sale, transfer, divestiture, license or other disposition
of any assets or businesses of the Parent or the Company or their respective Subsidiaries or otherwise take any action that prohibits
or limits either Parties&#8217; or their respective Subsidiaries&#8217; freedom of action with respect to, or either Parties&#8217; or
their respective Subsidiaries&#8217; ability to own, retain, control, operate or exercise full rights of ownership with respect to any
of the businesses or assets of the Parent, the Company or any of their respective Subsidiaries.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">The Parent and the Company shall use (and shall cause their respective Subsidiaries to use) their respective
reasonable best efforts to obtain the ICA Approval as promptly as practicable after the date of this Agreement and, in any event, in order
to allow the Effective Time to occur before the Outside Date. In fulfilling its obligations to use reasonable best efforts to obtain the
ICA Approval, Parent shall, in good faith, (A) propose, offer, negotiate, commit to, agree to and/or effect such written undertakings
in a form and with the content that is customary for transactions of the nature of the transactions that are the subject of this Agreement,
taking into account the nature of the Company&#8217;s business and the Parent&#8217;s business (the &#8220;<B>Initial Undertakings</B>&#8221;),
and (B) propose, offer, negotiate, commit to, agree to and/or effect revisions and/or additions to the Initial Undertakings, if necessary
in order to obtain the ICA Approval, provided that (i) any such undertakings shall be conditioned upon the consummation of the transactions
that are the subject of this Agreement, (ii) any reasonable effort by Parent to resist, reduce or negotiate the scope of any undertakings
(other than the Initial Undertakings) proposed by a Governmental Entity shall be deemed consistent with its obligations to use reasonable
best efforts, so long as such effort does not delay the Effective Date or delay the obtaining of the ICA Approval in a manner that could
cause the Effective Time not to occur before the Outside Date, and (iii) such undertakings, individually or in aggregate, would not reasonably
be expected to have a material and adverse impact on the business, results of operations or condition (financial or otherwise) of the
Company and its Subsidiaries, taken as a whole.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left">All filing fees (including any Taxes thereon) in respect of any filing made to any Governmental Entity
in respect of any Regulatory Approvals shall be paid by the Parent.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left">With respect to obtaining the Regulatory Approvals, each of the Parent and the Company shall (and shall
cause their respective Subsidiaries to) cooperate and coordinate with one another and shall provide such assistance as the other Party
may reasonably request in connection with obtaining the Regulatory Approvals. In particular:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">neither the Parent nor the Company (nor their respective Subsidiaries) shall extend or consent to any
extension of any applicable waiting or review period or enter into any agreement with a Governmental Entity to not consummate the transactions
contemplated by this Agreement, except upon</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">the prior written consent of the other
Party, such consent not to be unreasonably withheld, conditioned or delayed;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">the Parent and the Company shall (and shall cause their respective Subsidiaries to) exchange drafts of
all submissions, substantive correspondence, filings, presentations, applications, plans, consent agreements and other material documents
made or submitted to or filed with any Governmental Entity in respect of the transactions contemplated by this Agreement, will consider
in good faith any suggestions made by the other Party and its counsel and will provide the other Party and its counsel with final copies
of all such material submissions, correspondence, filings, presentations, applications, plans and other material documents, and all pre-existing
business records or other documents, submitted to or filed with any Governmental Entity in respect of the transactions contemplated by
this Agreement; provided, however, that, subject to Section&nbsp;5.10(i), information indicated by a Party to be competitively sensitive
shall be provided to the other Party&#8217;s external legal counsel only on an external counsel only basis;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">the Parent and the Company shall (and shall cause their respective Subsidiaries to) cooperate on a timely
basis in the preparation of any response by the other Party to any request for additional information received by such other Party from
a Governmental Entity in connection with obtaining the Regulatory Approvals, and shall promptly provide or submit all documentation and
information that is required by Law or a Governmental Entity, requested by any Governmental Entity, or necessary or advisable in the opinion
of the Parent, acting reasonably, in connection with obtaining the Regulatory Approvals;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">the Parent and the Company will (and shall cause their respective Subsidiaries to) keep the other Party
and its respective counsel fully apprised of all written (including email) and oral communications and all meetings with any Governmental
Entity and their staff in relation to the Regulatory Approvals, and will not participate in such communications or meetings without giving
the other Party and its counsel the opportunity to participate therein; provided, however, that, subject to Section&nbsp;5.10(i), where
competitively sensitive information may be discussed or communicated, the external legal counsel of the other Party shall be provided
with any such communications or information on an external counsel only basis and shall have the right to participate in any such meetings
on an external counsel only basis; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">the Parent and the Company shall (and shall cause their respective Subsidiaries to) make available its
Representatives, on the reasonable request of the other Party and its counsel, to assist in obtaining the Regulatory Approvals, including
by (A) providing strategic input, including on any materials prepared for obtaining <FONT STYLE="color: black">Regulatory Approvals</FONT>,
and (B) responding promptly to requests for support, documents, information, comments or input where reasonably requested by the other
Party in connection with the Regulatory Approvals.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">With respect to Sections&nbsp;5.10(h)(i) and 5.10(h)(iv) above, where a Party (in this Section&nbsp;5.10
only, the &#8220;<B>Disclosing Party</B>&#8221;) provides any submissions, communications, information, correspondence, filings, presentations,
applications, plans, consent agreements or other documents to the Party (the &#8220;<B>Receiving Party</B>&#8221;) on an external counsel
only basis, the Disclosing Party shall also provide the Receiving Party with a redacted version of any such submissions, communications,
information, correspondence, filings, presentations, applications, plans, consent agreements or other documents.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: left">The Parent and the Company shall not (and shall cause their respective Subsidiaries not to) enter into
any transaction, investment, agreement, arrangement or joint venture or take any other action, the effect of which would reasonably be
expected to make obtaining the Regulatory Approvals materially more difficult or challenging, or reasonably be expected to materially
delay the obtaining of the Regulatory Approvals.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: left">The Parent and the Company shall use (and shall cause their respective Subsidiaries to use) their respective
commercially reasonable efforts to defend any judicial or administrative action or similar proceeding instituted (or threatened to be
instituted) or pending by or before any Governmental Entity under any Law and to have any such action or proceeding withdrawn or discontinued
and any stay, restraining order, injunction or similar order entered by any Governmental Entity vacated, lifted, reversed, or overturned.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.11</TD><TD STYLE="text-align: left">Resignations</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Subject to Section 2.17, the Company shall
use commercially reasonable efforts to obtain and deliver to the Parent at the Effective Time (a)&nbsp;the resignations and mutual releases,
effective as of the Effective Time, of all of the directors of the Company and its Subsidiaries requested by the Parent,&nbsp;in each
case, substantially in the form and content of Schedule&nbsp;D hereto, and (b)&nbsp;separation agreements, effective as of the Effective
Time, with each member of senior management who will be terminated by the Company as of the Effective Time as requested by the Parent
on terms and conditions acceptable to the Company, the Parent, each acting reasonably, and the applicable member of management, provided
that each such separation agreement shall (i) be conditional upon consummation of the Arrangement; (ii) be effective as at the Effective
Time; (iii) provide for the severance payments payable to such member of management pursuant to such member of management&#8217;s employment
or consulting arrangements with the Company and applicable Law; (iv) provide for the entitlements payable to such member of management
pursuant to the Company Equity Incentive Plans; and (v) contain a mutual release substantially with the content of the mutual release
contained in Schedule&nbsp;D hereto.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.12</TD><TD STYLE="text-align: left">Employee Matters</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">The Parties acknowledge that the Arrangement will result in a &#8220;change of control&#8221; (or a term
of similar import) for purposes of the Company Equity Incentive Plans and any employment agreements of the Company Employees. From and
after the Effective Time, the Parent covenants and agrees to cause the Company and any successor to the Company, to honour, satisfy, pay
and fully comply in all material respects with the terms of all existing employment, consulting, indemnification,</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">incentive and bonus (long term and short
term), change in control, severance, notice, termination or other compensation arrangements and agreements, and employment and severance
obligations of the Company and any of its Subsidiaries that were entered into prior to the date of this Agreement in the ordinary course
including any such arrangements, agreements or obligations arising under or in connection with a Company Benefit Plan (or, if not in the
ordinary course, have been disclosed to the Parent in Schedule 3.1(s) of the Company Disclosure Letter). Subject to Section 2.17, nothing
in this Agreement shall confer upon any person any right to continue in the employ or service of the Parent, the Company or any of their
respective Subsidiaries, or affect in any way the right of the Parent, the Company or any of their respective Subsidiaries to terminate
his, her or its employment or service, as applicable, at any time. For the avoidance of doubt, the Parties acknowledge and agree, and
Parent represents, that the Arrangement will not result in a &#8220;change in control&#8221; (or a term of similar import) for purposes
of the Parent Incentive Plans, Parent Benefit Plans and employment, severance or other compensation arrangements or agreements of the
Parent Employees. The Company will make any payments pursuant to this section 5.12 through the payroll systems of the Company. All such
amounts required to be paid pursuant to this section 5.12 shall be paid net of any Tax withholding required under applicable Law or in
accordance with Section 2.14.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">As soon as practicable following the date hereof and subject to Schedule 5.12 of the Parent Disclosure
Letter, the Parent shall provide the Company with a list identifying all expected Non-Continuing Employees. The Parent and the Company
shall consult in good faith in determining which Company Employees will be Non-Continuing Employees and the related employee communication
plans between the date hereof and the Effective Time.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">Within 30 days of the Effective Time, the Parent shall:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">grant Parent Incentive Awards and target cash-based short-term incentive opportunities to each Continuing
Employee that was not granted Company Incentive Awards and cash-based short-term incentive opportunities in the ordinary course in the
period between the date hereof and the Effective Time, which Parent Incentive Awards and cash-based short-term incentive opportunities
shall have substantially the same value and terms, in the aggregate, as those Company Incentive Awards and cash-based short-term incentive
opportunities that such Continuing Employee would have received in the ordinary course during such period; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">based on consultations with the Company prior to the Effective Time, grant Parent RSUs, as retention awards,
to each holder of Company PSUs who is a Continuing Employee, which Parent RSUs: (A) shall have substantially the same value as the difference
in value between: (i) the cash payment the holder would have received for such holder&#8217;s Company PSUs held as at the Effective Time
if the holder was a Non-Continuing Employee; and (ii) cash payment the holder of such Company PSUs actually received for the Company PSUs
held at the Effective Time; and (B) shall vest as to 50% on</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">the first anniversary of the grant date
and as to the remaining 50% on the second anniversary of the grant date.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left">5.13</TD><TD>Pre-Acquisition Reorganization</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">The Company agrees that, upon request by the Parent, the Company shall, and shall cause each of its Subsidiaries
to use commercially reasonable efforts to, (i) effect such reorganizations of the Company&#8217;s or its Subsidiaries&#8217; business,
operations and assets or such other transactions as the Parent may request, acting reasonably (each a &#8220;<B>Pre-Acquisition Reorganization</B>&#8221;),
(ii) co&#45;operate with the Parent and its advisors in order to determine the nature of the Pre-Acquisition Reorganizations that might
be undertaken and the manner in which they might most effectively be undertaken; and (iii) reasonably cooperate with the Parent and its
advisors to seek to obtain any consents, approvals, waivers or authorizations reasonably required in connection with the Pre-Acquisition
Reorganization; provided, however, that the Pre-Acquisition Reorganizations (A)&nbsp;are not prejudicial to the Company or its securityholders
and do not result in Taxes being imposed on, or any adverse Tax or other consequences to, Company Shareholders or holders of Company Incentive
Awards incrementally greater than the Taxes or other consequences to such Party in connection with the consummation of the Arrangement
in the absence of any Pre-Acquisition Reorganization; (B) do not require the Company to obtain the approval of the Company Shareholders
or any consent of any third party (including any Regulatory Approval); (C) do not impede, delay or prevent the satisfaction of any other
conditions set forth in Article&nbsp;6; (D) do not impair, impede or delay the consummation of the Arrangement, and would not reasonably
be expected to prevent any Person from making a Company Superior Proposal; (E) do not unreasonably interfere with the Company&#8217;s
operations prior to the Effective Time; (F)&nbsp;do not result in any breach by the Company or any of its Subsidiaries of any Contract
or Authorization or any breach by the Company of the Company&#8217;s constating documents or by any of its Subsidiaries of their respective
organization documents or Law; (G) are to be completed as close as reasonably practicable prior to the Effective Time, and can be unwound
in the event the Arrangement is not consummated without adversely affecting the Company or any of its Subsidiaries in any manner; (H)&nbsp;are
not required to be completed unless and until the Parent has irrevocably confirmed in writing that all of the conditions in favour of
the Parent in Section 6.2 have been either satisfied or waived and that the Parent is prepared to promptly and without condition proceed
with the completion of the Arrangement; and (I) do not require any director, Company Employee or agent of the Company to take any action
in any capacity other than as a director, Company Employee or agent of the Company.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">The Parent shall provide written notice to the Company of any proposed Pre-Acquisition Reorganization
at least thirty (30) days prior to the anticipated Effective Time. Upon receipt of such notice, the Parent and the Company shall work
co-operatively and use commercially reasonable efforts to prepare prior to the Effective Time all documentation necessary and do all such
other acts and things as are necessary (including all corporate documentation required to implement the Pre-Acquisition Reorganization)
to give effect to such Pre-Acquisition Reorganization.</TD></TR></TABLE>


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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">The Parent agrees that any action (and the result of any action) taken by or on behalf of the Company
or its Subsidiaries in furtherance of or respect of a Pre-Acquisition Reorganization shall be deemed not to result in any breach of any
representation, warranty, covenant or closing condition herein (including where any such Pre-Acquisition Reorganization requires the consent
of any third party).</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">If the Arrangement is not completed, the Parent shall promptly:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">reimburse the Company and its Subsidiaries for all Taxes, costs and expenses, including reasonable legal
fees and disbursements incurred by the Company or its Subsidiaries in respect of a Pre-Acquisition Reorganization, and including all amounts
relating to the considering, effecting, voiding, reversing or unwinding of a Pre-Acquisition Reorganization; and</TD></TR></TABLE>

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<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">indemnify and save harmless the Company, its Subsidiaries and their respective officers, directors, employees,
agents, advisors and Representatives from and against any and all liabilities, losses, damages, Taxes, claims, costs, expenses, interest
awards, judgments and penalties suffered or incurred by any of them in respect of or as a result of a Pre-Acquisition Reorganization,
or to reverse, terminate, modify or unwind any Pre-Acquisition Reorganization.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.14</TD><TD STYLE="text-align: left">Filings</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parties will cooperate reasonably and in
good faith to determine whether the transactions set out in this Agreement and any related transactions are required to be reported to
any applicable taxing authority pursuant to section&nbsp;237.3 or 237.4 of the Tax Act (or any provisions of similar effect) and, if so,
the Parties shall cooperate to make such reporting in a comprehensive and timely manner, in the form required by such Law. The Parties
may request reasonable representations and warranties from each other to the extent necessary to establish any factual matters relevant
to the determination of whether reporting is required and the content of such reporting.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.15</TD><TD STYLE="text-align: left">Access to Information; Confidentiality</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">From the date hereof until the earlier of the Effective Time and the termination of this Agreement pursuant
to its terms, subject to compliance with applicable Law and the terms of any existing Contracts, the Company shall, and shall cause its
Subsidiaries and its and their respective Representatives to, afford to the Parent and to its Representatives such access as the Parent
may reasonably require at all reasonable times, to the Company&#8217;s officers, employees, agents, properties, books, records and Contracts
(including Tax Returns and Tax work papers), and shall furnish the Parent with all data and information as the Parent may reasonably request,
provided that the Company shall not be required to afford such access or furnish such information to the extent that the Company believes,
in its reasonable good faith judgment, that doing so would (i)&nbsp;result in the loss of attorney-client, work product or other privilege,
(ii)&nbsp;result in the disclosure of any trade secrets of third parties or violate any obligations of the Company or any of the Company&#8217;s
Subsidiaries with respect to confidentiality to any third party, or otherwise breach, contravene or violate any such effective Contract
to which the Company or any</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">Subsidiary of the Company is a party, or
(iii)&nbsp;breach, contravene or violate any applicable Law. Without limiting the foregoing, during such period, the Company shall, and
shall cause its Subsidiaries and its and their respective Representatives to, afford the Parent and its Representatives such access to
the Company Employees, the Company Property, the assets of the Company and its Subsidiaries and the data, information and records (including
data, information and records relating to Company Employees and such monthly reports with respect to the operations of the Company and
its Subsidiaries as the Parent may reasonably request) as is reasonably necessary in order for the Parent to observe the Company&#8217;s
operations, to facilitate the closing of the Arrangement and the transition of the business of the Company and its Subsidiaries to the
Parent, including the right to have Representatives of the Parent on-site at the Company&#8217;s mines and processing facilities on the
Company Property from time to time at the Parent&#8217;s request; and instruct the Representatives of the Company and its Subsidiaries
to cooperate with the Parent and its Representatives in its exercise of such rights; provided that any such access shall be during normal
business hours upon reasonable advance notice to the Company, under the supervision of the Company&#8217;s personnel and in such a manner
as not to interfere with the conduct of the Company&#8217;s business or any other businesses of the Company; provided further that in
no event shall Parent or any of its Representatives be permitted to conduct any invasive or subsurface environmental testing, sampling
or investigation of any environmental media or building materials, including the mines or processing facilities on the Company Property.
All such access shall be at the sole risk of the Parent and its Representatives, and the Parent shall comply with and cause its Representatives
to comply with all of the Company&#8217;s policies with regard to health and safety while visiting any mines or processing facilities
on the Company Property.</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">The Parent and the Company acknowledge and agree that information furnished pursuant to this Section&nbsp;5.15
shall be subject to the terms and conditions of the Confidentiality Agreement.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.16</TD><TD STYLE="text-align: left">Insurance and Indemnification</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Prior to the Effective Date, the Company shall purchase customary &#8220;tail&#8221; policies of directors&#8217;
and officers&#8217; liability insurance providing protection no less favourable in the aggregate to the protection provided by the policies
maintained by the Company and its Subsidiaries which are in effect immediately prior to the Effective Date and providing protection in
respect of claims arising from facts or events which occurred on or prior to the Effective Date and the Parent will, or will cause the
Company and its Subsidiaries to, maintain such tail policies in effect without any reduction in scope or coverage for six years from the
Effective Date; provided that (i) the Parent shall not be required to pay any amounts in respect of such coverage prior to the Effective
Time, and (ii) the cost of such policy shall not exceed 400% of the Company&#8217;s current annual aggregate premium for policies currently
maintained by the Company or its Subsidiaries; provided that if such insurance can only be obtained at a premium in excess of the aforementioned
amount, the Company may purchase such insurance at such excess premium only on commercially reasonable terms and market-based pricing
following consultation</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">in good faith with Parent and Parent&#8217;s
consent (not to be unreasonably withheld, conditioned or delayed).</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">The Parent agrees that it shall honour all rights to indemnification or exculpation now existing in favour
of present and former officers and directors of the Company and its Subsidiaries, and acknowledges that such rights shall survive the
completion of the Plan of Arrangement and shall continue in full force and effect for a period of not less than six (6) years from the
Effective Date.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">If the Company or the Parent or any of their respective successors or assigns shall (i)&nbsp;amalgamate,
consolidate with or merge or wind-up into any other person and shall not be the continuing or surviving corporation or entity; or (ii)
transfer all or substantially all of its properties and assets to any Person, then, and in each such case, proper provisions shall be
made so that the successors and assigns and transferees of the Company or the Parent, as the case may be, shall assume all of the obligations
of the Company or the Parent, as applicable, set forth in this Section&nbsp;5.16.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">The provisions of this Section&nbsp;5.16 are intended for the benefit of, and shall be enforceable by,
each insured or indemnified Person, his or her heirs and his or her legal representatives and, for such purpose, the Company hereby confirms
that it is acting as agent on their behalf. Furthermore, this Section&nbsp;5.16 shall survive the termination of this Agreement as a result
of the occurrence of the Effective Date for a period of six years.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.17</TD><TD STYLE="text-align: left">Parent Charter Amendment</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Prior to the Effective Time, and subject to
obtaining the Parent Stockholder Approvals, Parent shall file with the Secretary of State of the State of Delaware the Parent Charter
Amendment.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;6<BR>
CONDITIONS</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.1</TD><TD STYLE="text-align: left">Mutual Conditions Precedent</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The obligations of the Parties to complete
the Arrangement are subject to the fulfillment of each of the following conditions precedent on or before the Effective Time, each of
which may only be waived, in whole or in part, with the mutual consent of the Parties:</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">the Arrangement Resolution shall have been approved and adopted by the Company Shareholders at the Company
Meeting in accordance with the Interim Order;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">the Interim Order and the Final Order shall each have been obtained on terms consistent with this Agreement,
and shall not have been set aside or modified in a manner unacceptable to either the Company or the Parent, each acting reasonably, on
appeal or otherwise;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">the Parent Stockholder Approvals shall have been obtained in accordance with the rules of the NYSE (with
respect to the Parent Stock Issuance) and the DGCL (with respect to the Parent Charter Amendment) at the Parent Meeting;</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">the Parent Charter Amendment shall have been duly filed with the Secretary of State of the State of Delaware
and be in full force and effect;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">no Law is in effect that makes the consummation of the Arrangement illegal or otherwise prohibits or enjoins
the Company or the Parent from consummating the Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">the Consideration Shares to be issued pursuant to this Agreement shall be exempt from the registration
requirements of the U.S. Securities Act pursuant to Section 3(a)(10) thereof;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left">the distribution of the Consideration Shares shall be exempt from the prospectus and registration requirements
of applicable Canadian securities laws either by virtue of exemptive relief from the securities regulatory authorities of each of the
provinces and territories of Canada or by virtue of applicable exemptions under Canadian Securities Laws and shall not be subject to resale
restrictions under applicable Canadian Securities Laws;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left">the Consideration Shares to be issued pursuant to the Arrangement shall have been approved for listing
on the NYSE (subject only to official notice of issuance) and TSX (subject only to customary conditions);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">the Required Regulatory Approvals shall have been obtained and shall not have been modified or rescinded;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: left">this Agreement shall not have been terminated in accordance with its terms.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.2</TD><TD STYLE="text-align: left">Additional Conditions Precedent to the Obligations of the Parent and Purchaser</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The obligation of the Parent and Purchaser
to complete the Arrangement is subject to the fulfillment of each of the following conditions precedent on or before the Effective Time
(each of which is for the exclusive benefit of the Parent and Purchaser and may be waived by the Parent, in whole or in part, at any time):</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">all covenants of the Company under this Agreement to be performed on or before the Effective Time shall
have been duly performed by the Company in all material respects and the Parent shall have received a certificate of the Company addressed
to the Parent and dated the Effective Date, signed on behalf of the Company by a senior executive officer of the Company (on the Company&#8217;s
behalf and without personal liability), confirming the same as of the Effective Date;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">(i)&nbsp;the representations and warranties of the Company set forth in this Agreement (other than as
contemplated in clauses (ii) and (iii)) shall be true and correct in all respects, without regard to any materiality or Company Material
Adverse Effect qualifications contained in them, as of the date of this Agreement and as of the Effective Time as though made on and as
of such date or time (except for representations and warranties made as of a specified date, the accuracy of which shall be determined
as of that specified date), except where the failure or failures of all such representations and warranties to be so true and correct
in all respects would not reasonably be expected to have a Company Material Adverse Effect;</TD></TR></TABLE>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">(ii)&nbsp;the representations and warranties
of the Company set forth in Sections 3.1(a) [<I>Organization and Qualification</I>], 3.1(b) [<I>Authority Relative to this Agreement</I>],
3.1(c)(i)(A)(1) [<I>No Conflict &#8211; No Violation of Constating Documents</I>] and 3.1(t)(v) [<I>Absence of Certain Changes or Events
&#8211; No Company Material Adverse Effect</I>] shall be true and correct in all respects as of the date of this Agreement and as of the
Effective Time as though made on and as of such date or time, and (iii) the representations and warranties of the Company set forth in
Sections 3.1(d) [<I>Subsidiaries</I>], 3.1(g) [<I>Capitalization and Listing</I>] and 3.1(jj)&nbsp;[<I>Brokers</I>] shall be true and
correct in all respects (except for <I>de minimis </I>inaccuracies and as a result of transactions, changes, conditions, events or circumstances
permitted hereunder) as of the date of this Agreement and as of the Effective Time as though made on and as of such date or time (except
for representations and warranties made as of a specified date, the accuracy of which shall be determined as of that specified date),
and the Parent shall have received a certificate of the Company addressed to the Parent and dated the Effective Date, signed on behalf
of the Company by a senior executive officer of the Company (on the Company&#8217;s behalf and without personal liability), confirming
the same;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">between the date hereof and the Effective Time, there shall not have occurred a Company Material Adverse
Effect that is continuing as of the Effective Time; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">Dissent Rights shall not have been exercised (or, if exercised, not withdrawn) with respect to more than
5% of the issued and outstanding Company Shares.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.3</TD><TD STYLE="text-align: left">Additional Conditions Precedent to the Obligations of the Company</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The obligation of the Company to complete the
Arrangement is subject to the fulfillment of each of the following conditions precedent on or before the Effective Time (each of which
is for the exclusive benefit of the Company and may be waived by the Company, in whole or in part, at any time):</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">all covenants of the Parent under this Agreement to be performed on or before the Effective Time shall
have been duly performed by the Parent in all material respects and the Company shall have received a certificate of the Parent, addressed
to the Company and dated the Effective Date, signed on behalf of the Parent by a senior executive officer (on the Parent&#8217;s behalf
and without personal liability), confirming the same as of the Effective Date;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">(i)&nbsp;the representations and warranties of the Parent set forth in this Agreement (other than as contemplated
in clauses (ii) and (iii)) shall be true and correct in all respects, without regard to any materiality or Parent Material Adverse Effect
qualifications contained in them, as of the date of this Agreement and as of the Effective Time as though made on and as of such date
or time (except for representations and warranties made as of a specified date, the accuracy of which shall be determined as of that specified
date), except where the failure or failures of all such representations and warranties to be so true and correct in all respects would
not reasonably be expected to have a Parent Material Adverse Effect; (ii)&nbsp;the representations and warranties of the Parent set forth
in Sections 4.1(a) [<I>Organization and Qualification</I>], 4.1(b) [<I>Authority Relative to this Agreement</I>],</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">4.1(c)(i)(A)(1) [<I>No Conflict &#8211;
No Violation of Constating Documents</I>], and 4.1(s)(v) [<I>Absence of Certain Changes or Events &#8211; No Parent Material Adverse Effect</I>]
shall be true and correct in all respects as of the date of this Agreement and as of the Effective Time as though made on and as of such
date or time, and (iii) the representations and warranties of the Parent set forth in Sections 4.1(d) [<I>Subsidiaries</I>], 4.1(g) [<I>Capitalization
and Listing</I>] and 4.1(hh) [<I>Brokers</I>] shall be true and correct in all respects (except for <I>de minimis </I>inaccuracies and
as a result of transactions, changes, conditions, events or circumstances permitted hereunder) as of the date of this Agreement and as
of the Effective Time as though made on and as of such date or time (except for representations and warranties made as of a specified
date, the accuracy of which shall be determined as of that specified date), and the Company shall have received a certificate of the Parent
addressed to the Company and dated the Effective Date, signed on behalf of the Parent by a senior executive officer of the Parent (on
the Parent&#8217;s behalf and without personal liability), confirming the same;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">the Parent shall have deposited, or caused to be deposited, with the Depositary sufficient Parent Shares
to satisfy its obligations under Section&nbsp;2.12, and the Depositary shall have confirmed to the Company its receipt of such Parent
Shares;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">between the date hereof and the Effective Time, there shall not have occurred a Parent Material Adverse
Effect that is continuing as of the Effective Time; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">the Company Director Nominees (to the extent they consented to their appointment) shall have been appointed
to the Parent Board effective as of the Effective Time.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.4</TD><TD STYLE="text-align: left">Satisfaction of Conditions</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The conditions precedent set out in Section
6.1, Section 6.2 and Section 6.3 will be conclusively deemed to have been satisfied at the Effective Time. For greater certainty, and
notwithstanding the terms of any escrow arrangement entered into between the Parent and the Depositary, all Parent Shares held in escrow
by the Depositary pursuant to Section 2.12 shall be released from escrow at the Effective Time without any further act or formality required
on the part of any Person.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;7<BR>
ADDITIONAL AGREEMENTS of the company regarding<BR>
acquisition proposals</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.1</TD><TD STYLE="text-align: left">Non-Solicitation by the Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Except as expressly provided in this Article&nbsp;7, until the earlier of the Effective Time or the date,
if any, on which this Agreement is terminated pursuant to Section&nbsp;9.2, the Company shall not, and shall cause its Subsidiaries not
to, and shall not authorize any of their respective Representatives to:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">solicit, initiate, knowingly encourage or otherwise knowingly facilitate (including by way of furnishing
or providing copies of, access to, or disclosure of, any confidential information, properties, facilities, books or records of the Company
or any of its Subsidiaries) any inquiry, proposal or</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">offer that constitutes or may reasonably
be expected to constitute or lead to an Acquisition Proposal;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">engage or participate in any discussions or negotiations with any Person (other than the Parent or its
affiliates) in respect of any inquiry, proposal or offer that constitutes or may reasonably be expected to constitute or lead to an Acquisition
Proposal, provided that the Company may (A) advise any Person of the restrictions of this Agreement, (B) clarify the terms of any proposal
in order to determine if it is or may reasonably be expected to result in a Company Superior Proposal, and (C) advise any Person making
an Acquisition Proposal that the Company Board has determined that such Acquisition Proposal does not constitute, or is not reasonably
expected to result in, a Company Superior Proposal; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">(A) adopt, approve, publicly endorse or publicly recommend or publicly propose to adopt, approve, endorse
or recommend, any Acquisition Proposal, (B) withdraw, change, amend, modify or qualify, or otherwise publicly propose to withdraw, change,
amend, modify or qualify, in a manner adverse to Parent, the Company Board Recommendation, (C) if an Acquisition Proposal has been publicly
disclosed, fail to publicly recommend against any such Acquisition Proposal within ten (10) business days after Parent&#8217;s written
request that the Company or the Company Board of Directors do so (or subsequently withdraw, change, amend, modify or qualify (or publicly
propose to do so), in a manner adverse to Parent, such rejection of such Acquisition Proposal) and reaffirm the Company Board Recommendation
within such ten (10) business day period (or, with respect to any Acquisition Proposals or material amendments, revisions or changes to
the terms of any such previously publicly disclosed Acquisition Proposal that are publicly disclosed within the last ten (10) days prior
to the then-scheduled Company Meeting, fail to take the actions referred to in this clause (iii), with references to the applicable ten
(10) business day period being replaced with three (3) business days), (D) fail to include the Company Board Recommendation in the Company
Circular, (E) approve or authorize, or cause or permit the Company or any Company Subsidiary to enter into, any merger agreement, acquisition
agreement, reorganization agreement, letter of intent, memorandum of understanding, agreement in principle, option agreement, joint venture
agreement, partnership agreement or similar agreement or document relating to, or any other agreement or commitment providing for, any
Acquisition Proposal (other than an acceptable confidentiality agreement entered into in accordance with Section 7.3(d)) or (F) commit
or agree to do any of the foregoing (any act described in clauses (A), (B), (C), (D), (E) or (F) (to the extent related to the foregoing
clauses (A), (B), (C), (D) or (E)) a &#8220;<B>Company Change in Recommendation</B>&#8221;).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">The Company shall, and shall cause its Subsidiaries and direct their respective Representatives to, immediately
cease and cause to be terminated any existing solicitation, encouragement, discussion or negotiation with any Person (other than the Parent
or its affiliates) with respect to any inquiry, proposal or offer that</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">constitutes or may reasonably be expected
to constitute or lead to an Acquisition Proposal and, in connection therewith, the Company will discontinue access to any of its and its
Subsidiaries&#8217; confidential information (and not establish or allow access to any of its confidential information, or any data room,
virtual or otherwise, in each case, except as permitted by this Agreement) and shall as promptly as reasonably practicable request, and
use commercially reasonable efforts to exercise all rights it has (or cause its Subsidiaries to exercise rights that they have) to require
the return or destruction of all confidential information regarding the Company and its Subsidiaries provided in the preceding 12-month
period in connection therewith (to the extent such information has not already been returned or destroyed and shall use its commercially
reasonable efforts to confirm that such requests are complied with in accordance with the terms of such rights). The Company shall not,
and shall not authorize or permit any of its Subsidiaries to, directly or indirectly, amend, modify or release any third party from any
confidentiality, non-solicitation or standstill agreement (or standstill provisions contained in any such agreement) to which such third
party is a party (it being understood that the automatic termination or release of any standstill provisions contained in any such agreements
as a result of the entering into or announcement of this Agreement shall not be a violation of this Section 7.1(b), or terminate, modify,
amend or waive the terms thereof).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">For the avoidance of doubt, any violation of the restrictions set forth in this Section 7.1 by the Company
Board (including any committee thereof), by any of the Company&#8217;s officers, by any of the Company&#8217;s other affiliates or by
any of their respective Representatives shall be a breach of this Section 7.1 by the Company.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.2</TD><TD STYLE="text-align: left">Notification of Acquisition Proposals</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">If the Company or any of its Subsidiaries or
any of their respective Representatives receives (x) any inquiry, proposal or offer that constitutes or could reasonably be expected to
constitute or lead to an Acquisition Proposal or (y)&nbsp;any request for non-public information relating to the Company or any of its
Subsidiaries or access to the properties, books or records of the Company or any Subsidiary in connection with any inquiry, proposal or
offer that constitutes or could reasonably be expected to constitute or lead to an Acquisition Proposal, then the Company shall promptly
notify the Parent orally and then as soon as reasonably practicable thereafter (and, in any event, within twenty-four (24) hours) in writing
of such Acquisition Proposal, inquiry, proposal, offer or request and shall indicate the identity of the Person or group of Persons making
such proposal, inquiry or contact and all material terms and conditions thereof and shall provide a copy of any such Acquisition Proposal,
inquiry, proposal, offer or request and unredacted copies of all material written communications (and a summary of all substantive discussions)
related thereto. The Company shall keep the Parent promptly (and in any event within 24 hours) informed of the status and any change to
the material terms, of any such Acquisition Proposal, inquiry, proposal, offer or request. The Company agrees that it will not, directly
or indirectly, enter into any agreement with any Person which directly or indirectly prohibits the Company from providing any information
to the Parent in accordance with, or otherwise complying with, this Article&nbsp;7.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.3</TD><TD STYLE="text-align: left">Responding to Acquisition Proposals</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Notwithstanding Section 7.1, if, prior to the
approval of the Arrangement Resolution by the Company Shareholders, the Company receives a <I>bona fide</I> written Acquisition Proposal,
the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Company may (x)&nbsp;engage in or participate
in discussions and negotiations with the Person or group of Persons making such Acquisition Proposal, and (y)&nbsp;provide such Person
or group of Persons non-public information relating to the Company or any of its Subsidiaries or access to the properties, books or records
of the Company or any Subsidiary, if and only if:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">the Company Board first determines, in good faith after consultation with the Company&#8217;s legal and
financial advisors, that such Acquisition Proposal constitutes or would reasonably be expected to constitute or lead to a Company Superior
Proposal and has provided the Parent with written notice of such determination;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">the Company Board first determines, in good faith after consultation with the Company&#8217;s legal and
financial advisors, that the failure to participate in such discussions or negotiations or to disclose such non-public information to
such third party would be inconsistent with its fiduciary duties under applicable Law;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">such Acquisition Proposal did not result from a breach of Section 7.1 by the Company in any material respect;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">prior to providing any such copies, access or disclosures, (i) the Company enters into a confidentiality
agreement with such Person, or confirms it has previously entered into such an agreement which remains in effect, in either case on terms
not materially less stringent than the Confidentiality Agreement, (ii) the Company provides the Parent with a true, complete and final
executed copy of such confidentiality agreement, and (iii) any such copies, access or disclosure provided to such Person shall have already
been or shall concurrently be provided to the Parent.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.4</TD><TD STYLE="text-align: left">Superior Proposals and Right to Match</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Notwithstanding any other provision of this Agreement, if, prior to the approval of the Arrangement Resolution
by the Company Shareholders, the Company receives a <I>bona fide</I> written Acquisition Proposal that the Company Board (after consultation
with the Company&#8217;s legal and financial advisors) determines in good faith constitutes a Company Superior Proposal, the Company Board
may make a Company Change in Recommendation and/or enter into a definitive agreement (a&nbsp;&#8220;<B>Company Proposed Agreement</B>&#8221;)
with respect to such Company Superior Proposal if and only if:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">such Acquisition Proposal did not result from a breach of Section 7.1 by the Company in any material respect;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">prior to making a Company Change in Recommendation and/or entering into a Company Proposed Agreement,
the Company has provided the Parent with a notice in writing (a &#8220;<B>Superior Proposal Notice</B>&#8221;), which notice shall contain
(A)&nbsp;a statement that the Company Board has determined such Acquisition Proposal constitutes a Company Superior Proposal, (B) the
value in financial terms that the Company Board has determined should be ascribed to any non-cash consideration offered under such Company
Superior Proposal, (C) a copy of any Company Proposed Agreement</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">relating to such Company Superior Proposal,
and (D) copies of any material financing documents provided to the Company in connection therewith (with customary redactions);</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">at least five business days (the &#8220;<B>Matching Period</B>&#8221;) shall have elapsed from the date
that the Parent received the Superior Proposal Notice from the Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">during the Matching Period, the Parent shall have had the opportunity (but not the obligation) to amend
the terms of the Arrangement in accordance with Section&nbsp;7.4(b);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">after the Matching Period, the Company Board (after consultation with the Company&#8217;s legal and financial
advisors) has determined in good faith that such Acquisition Proposal continues to constitute a Company Superior Proposal compared to
any proposed amendments to the terms of the Arrangement by the Parent; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">prior to or concurrently with entering into such Company Proposed Agreement, the Company shall have terminated
this Agreement pursuant to Section&nbsp;9.2(a)(iv)(C) and shall have paid to the Parent the Company Termination Payment pursuant to Section
9.4(c)(ii).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">The Company acknowledges and agrees that, during the Matching Period, (i) the Parent shall have the opportunity,
but not the obligation, to propose to amend the terms of the Arrangement, (ii) the Company shall negotiate in good faith with the Parent
regarding any amendments that the Parent may propose to the terms of the Arrangement as would enable the Parent to proceed with the Arrangement
and any related transactions on such amended terms, and (iii)&nbsp;the Company Board shall review any proposal by the Parent to amend
the terms of the Arrangement in order to determine in good faith whether such proposal, if implemented in accordance with its terms, would
result in the Acquisition Proposal previously constituting a Company Superior Proposal ceasing to constitute a Company Superior Proposal
compared to the proposed amendments to the terms of the Arrangement. If the Company Board determines that such Acquisition Proposal would
cease to constitute a Company Superior Proposal as compared to the proposed amendments to the terms of the Arrangement, the Company and
the Parent will promptly amend this Agreement and the Plan of Arrangement to reflect such proposed amendments.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">The Company Board shall promptly reaffirm the Company Board Recommendation by press release after: (i)
any Acquisition Proposal which the Company Board determines not to constitute a Company Superior Proposal is publicly announced; or (ii)
the Company Board determines that a proposed amendment to the terms of the Arrangement pursuant to Section 7.4(b) would result in any
Acquisition Proposal which has been publicly announced no longer constituting a Company Superior Proposal. The Parent and its counsel
shall be given a reasonable opportunity to review and comment on the form and content of any such press release, recognizing that whether
or not such comments are appropriate will be determined by the Company, acting reasonably.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">Nothing contained in this Agreement shall prohibit the Company Board from responding through a directors&#8217;
circular or otherwise as required by applicable Securities Laws to an Acquisition Proposal that it determines is not a Company Superior
Proposal if: (i)&nbsp;in the good faith judgment of the Company Board, after consultation with outside legal counsel, failure to make
such disclosure would be inconsistent with its fiduciary duties or such disclosure is otherwise required by applicable Law, (ii)&nbsp;the
Company provides each of the Parent and its legal counsel with a reasonable opportunity to review and comment on the form and content
of any such disclosure, including but not limited to the directors&#8217; circular or otherwise, and (iii)&nbsp;the Company considers
all reasonable amendments to such disclosure as requested by the Parent and its legal counsel, acting reasonably. Nothing in this Agreement
shall prevent the Company Board from (i)&nbsp;calling and holding a meeting of Company Shareholders requisitioned by Company Shareholders
in accordance with the BCBCA, or (ii)&nbsp;calling and holding a meeting of Company Shareholders ordered to be held by a court in accordance
with Law.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">Each successive amendment or modification of any Acquisition Proposal that results in an increase in,
or modification of, the consideration (or value of such consideration) to be received by the Company Shareholders or other material terms
or conditions thereof, shall constitute a new Acquisition Proposal for the purposes of this Section&nbsp;7.4 (except that the Matching
Period in respect of any such successive amendment or modification shall be two business days).</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;8<BR>
additional agreements of The Parent regarding acquisition proposals</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.1</TD><TD STYLE="text-align: left">Non-Solicitation by the Parent</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Except as expressly provided in this Article&nbsp;8, until the earlier of the Effective Time or the date,
if any, on which this Agreement is terminated pursuant to Section&nbsp;9.2, the Parent shall not, and shall cause its Subsidiaries not
to, and shall not authorize any of their respective Representatives to:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">solicit, initiate, knowingly encourage or otherwise knowingly facilitate (including by way of furnishing
or providing copies of, access to, or disclosure of, any confidential information, properties, facilities, books or records of the Parent
or any of its Subsidiaries) any inquiry, proposal or offer that constitutes or may reasonably be expected to constitute or lead to an
Acquisition Proposal;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">engage or participate in any discussions or negotiations with any Person (other than the Company or its
affiliates) in respect of any inquiry, proposal or offer that constitutes or may reasonably be expected to constitute or lead to an Acquisition
Proposal, provided that the Parent may (A) advise any Person of the restrictions of this Agreement, (B) clarify the terms of any proposal
in order to determine if it is or may reasonably be expected to result in a Parent Superior Proposal, and (C) advise any Person making
an Acquisition Proposal that the Parent Board has determined that such</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: left">Acquisition Proposal does not constitute,
or is not reasonably expected to result in, a Parent Superior Proposal; or</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">(A) adopt, approve, publicly endorse or publicly recommend or publicly propose to adopt, approve, endorse
or recommend, any Acquisition Proposal, (B) withdraw, change, amend, modify or qualify, or otherwise publicly propose to withdraw, change,
amend, modify or qualify, in a manner adverse to the Company, the Parent Board Recommendation, (C) if an Acquisition Proposal has been
publicly disclosed, fail to publicly recommend against any such Acquisition Proposal within ten (10) business days after the Company&#8217;s
written request that the Parent or the Parent Board of Directors do so (or subsequently withdraw, change, amend, modify or qualify (or
publicly propose to do so), in a manner adverse to Company, such rejection of such Acquisition Proposal) and reaffirm the Parent Board
Recommendation within such ten (10) business day period (or, with respect to any Acquisition Proposals or material amendments, revisions
or changes to the terms of any such previously publicly disclosed Acquisition Proposal that are publicly disclosed within the last ten
(10) days prior to the then-scheduled Parent Meeting, fail to take the actions referred to in this clause (iii), with references to the
applicable ten (10) business day period being replaced with three (3) business days), (D) fail to include the Parent Board Recommendation
in the Parent Proxy Statement, (E) approve or authorize, or cause or permit the Parent or any Parent Subsidiary to enter into, any merger
agreement, acquisition agreement, reorganization agreement, letter of intent, memorandum of understanding, agreement in principle, option
agreement, joint venture agreement, partnership agreement or similar agreement or document relating to, or any other agreement or commitment
providing for, any Acquisition Proposal (other than an acceptable confidentiality agreement entered into in accordance with Section 8.3(d))
or (F) commit or agree to do any of the foregoing (any act described in clauses (A), (B), (C), (D), (E) or (F) (to the extent related
to the foregoing clauses (A), (B), (C), (D) or (E)) a &#8220;<B>Parent Change in Recommendation</B>&#8221;).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">The Parent shall, and shall cause its Subsidiaries and direct their respective Representatives to, immediately
cease and cause to be terminated any existing solicitation, encouragement, discussion or negotiation with any Person (other than the Company
or its affiliates) with respect to any inquiry, proposal or offer that constitutes or may reasonably be expected to constitute or lead
to an Acquisition Proposal and, in connection therewith, the Parent will discontinue access to any of its and its Subsidiaries&#8217;
confidential information (and not establish or allow access to any of its confidential information, or any data room, virtual or otherwise,
in each case, except as permitted by this Agreement) and shall as promptly as reasonably practicable request, and use commercially reasonable
efforts to exercise all rights it has (or cause its Subsidiaries to exercise rights that they have) to require the return or destruction
of all confidential information regarding the Parent and its Subsidiaries provided in the preceding 12-month period in connection therewith
(to the extent such information has not already been returned or destroyed and shall use its commercially reasonable efforts to confirm
that such requests are complied with in accordance with the terms of such rights). The Parent shall not, and shall</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">not authorize or permit any of its Subsidiaries
to, directly or indirectly, amend, modify or release any third party from any confidentiality, non-solicitation or standstill agreement
(or standstill provisions contained in any such agreement) to which such third party is a party (it being understood that the automatic
termination or release of any standstill provisions contained in any such agreements as a result of the entering into or announcement
of this Agreement shall not be a violation of this Section&nbsp;8.1(b)), or terminate, modify, amend or waive the terms thereof.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">For the avoidance of doubt, any violation of the restrictions set forth in this Section 8.1 by the Parent
Board (including any committee thereof), by any of the Parent&#8217;s officers, by any of the Parent&#8217;s other affiliates or by any
of their respective Representatives shall be a breach of this Section 8.1 by the Parent.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.2</TD><TD STYLE="text-align: left">Notification of Acquisition Proposals</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">If the Parent or any of its Subsidiaries or
any of their respective Representatives receives (x) any inquiry, proposal or offer that constitutes or could reasonably be expected to
constitute or lead to an Acquisition Proposal or (y)&nbsp;any request for non-public information relating to the Parent or any of its
Subsidiaries or access to the properties, books or records of the Parent or any Subsidiary in connection with any inquiry, proposal or
offer that constitutes or could reasonably be expected to constitute or lead to an Acquisition Proposal, then the Parent shall promptly
notify the Company orally and then as soon as reasonably practicable thereafter (and, in any event, within twenty-four (24) hours) in
writing of such Acquisition Proposal, inquiry, proposal, offer or request and shall indicate the identity of the Person or group of Persons
making such proposal, inquiry or contact and all material terms and conditions thereof and shall provide a copy of any such Acquisition
Proposal, inquiry, proposal, offer or request and unredacted copies of all material written communications (and a summary of all substantive
discussions) related thereto. The Parent shall keep the Company promptly (and in any event within 24 hours) informed of the status and
any change to the material terms, of any such Acquisition Proposal, inquiry, proposal, offer or request. The Parent agrees that it will
not, directly or indirectly, enter into any agreement with any Person which directly or indirectly prohibits the Parent from providing
any information to Company in accordance with, or otherwise complying with, this Article&nbsp;8.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.3</TD><TD STYLE="text-align: left">Responding to Acquisition Proposals</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Notwithstanding Section 8.1, if, prior to the
Parent Stockholder Approvals, the Parent receives a <I>bona fide</I> written Acquisition Proposal, the Parent may (x)&nbsp;engage in or
participate in discussions and negotiations with the Person or group of Persons making such Acquisition Proposal, and (y)&nbsp;provide
such Person or group of Persons non-public information relating to the Parent or any of its Subsidiaries or access to the properties,
books or records of the Parent or any Subsidiary, if and only if:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">the Parent Board first determines, in good faith after consultation with the Parent&#8217;s legal and
financial advisors, that such Acquisition Proposal constitutes or would reasonably be expected to constitute or lead to a Parent Superior
Proposal and has provided the Company with written notice of such determination;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">the Parent Board first determines, in good faith after consultation with the Parent&#8217;s legal and
financial advisors, that the failure to participate in such discussions or</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">negotiations or to disclose such non-public
information to such third party would be inconsistent with its fiduciary duties or such disclosure is otherwise required by applicable
Law;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">such Acquisition Proposal did not result from a breach of Section 8.1 by the Parent in any material respect;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">prior to providing any such copies, access or disclosures, (i) the Parent enters into a confidentiality
agreement with such Person, or confirms it has previously entered into such an agreement which remains in effect, in either case on terms
not materially less stringent than the Confidentiality Agreement, (ii) the Parent provides the Company with a true, complete and final
executed copy of such confidentiality agreement, and (iii) any such copies, access or disclosure provided to such Person shall have already
been or shall concurrently be provided to the Company.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.4</TD><TD STYLE="text-align: left">Superior Proposals and Right to Match</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Notwithstanding any other provision of this Agreement, if, prior to the Parent Stockholder Approvals,
the Parent receives a <I>bona fide</I> written Acquisition Proposal that the Parent Board (after consultation with the Parent&#8217;s
legal and financial advisors) determines in good faith constitutes a Parent Superior Proposal, the Parent Board may make a Parent Change
in Recommendation and/or enter into a definitive agreement (a&nbsp;&#8220;<B>Parent Proposed Agreement</B>&#8221;) with respect to such
Parent Superior Proposal if and only if:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">such Acquisition Proposal did not result from a breach of Section 8.1 by the Parent in any material respect;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">prior to making a Parent Change in Recommendation and/or entering into a Parent Proposed Agreement, the
Parent has provided the Company with a notice in writing (a &#8220;<B>Parent Superior Proposal Notice</B>&#8221;), which notice shall
contain (A)&nbsp;a statement that the Parent Board has determined such Acquisition Proposal constitutes a Parent Superior Proposal, (B)
the value in financial terms that the Parent Board has determined should be ascribed to any non-cash consideration offered under such
Parent Superior Proposal, (C) a copy of any Parent Proposed Agreement relating to such Parent Superior Proposal, and (D) copies of any
material financing documents provided to the Parent in connection therewith (with customary redactions);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">at least five business days (the &#8220;<B>Parent Matching Period</B>&#8221;) shall have elapsed from
the date that the Company received the Parent Superior Proposal Notice from the Parent;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">during the Parent Matching Period, the Company shall have had the opportunity (but not the obligation)
to amend the terms of the Arrangement in accordance with Section&nbsp;8.4(b);</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(v)</TD><TD STYLE="text-align: left">after the Parent Matching Period, the Parent Board (after consultation with the Parent&#8217;s legal and
financial advisors) has determined in good faith that such Acquisition Proposal continues to constitute a Parent Superior Proposal compared
to any proposed amendments to the terms of the Arrangement by the Company; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(vi)</TD><TD STYLE="text-align: left">prior to or concurrently with entering into such Parent Proposed Agreement, the Parent shall have terminated
this Agreement pursuant to Section 9.2(a)(iii)(C) and shall have paid to the Company the Parent Termination Payment pursuant to Section
9.4(e)(ii).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">The Parent acknowledges and agrees that, during the Parent Matching Period, (i)&nbsp;the Company shall
have the opportunity, but not the obligation, to propose to amend the terms of the Arrangement, (ii) the Parent shall negotiate in good
faith with the Company regarding any amendments that the Company may propose to the terms of the Arrangement as would enable the Company
to proceed with the Arrangement and any related transactions on such amended terms, and (iii)&nbsp;the Parent Board shall review any proposal
by the Parent to amend the terms of the Arrangement in order to determine in good faith whether such proposal, if implemented in accordance
with its terms, would result in the Acquisition Proposal previously constituting a Parent Superior Proposal ceasing to constitute a Parent
Superior Proposal compared to the proposed amendments to the terms of the Arrangement. If the Parent Board determines that such Acquisition
Proposal would cease to constitute a Parent Superior Proposal as compared to the proposed amendments to the terms of the Arrangement,
the Parent and the Company will promptly amend this Agreement and the Plan of Arrangement to reflect such proposed amendments.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">The Parent Board shall promptly reaffirm the Parent Board Recommendation by press release after: (i) any
Acquisition Proposal which the Parent Board determines not to constitute a Parent Superior Proposal is publicly announced; or (ii) the
Parent Board determines that a proposed amendment to the terms of the Arrangement pursuant to Section&nbsp;8.4(b) would result in any
Acquisition Proposal which has been publicly announced no longer constituting a Parent Superior Proposal. The Company and its counsel
shall be given a reasonable opportunity to review and comment on the form and content of any such press release, recognizing that whether
or not such comments are appropriate will be determined by the Parent, acting reasonably.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">Nothing in this Agreement shall prevent the Parent Board from (i)&nbsp;calling and holding a meeting of
the Parent Stockholders requisitioned by the Parent Stockholders in accordance the Parent&#8217;s constating documents, (ii)&nbsp;calling
and holding a meeting of the Parent Stockholders ordered to be held by a court in accordance with Law, (iii) disclosing to the Parent
Stockholders a position contemplated by Rules 14d-9 and 14e-2(a) promulgated under the Exchange Act or other disclosure required to be
made in the Parent Proxy Statement by applicable laws, and (iv) making any &#8220;stop, look and listen&#8221; communication to the Parent
Stockholders pursuant to Rule 14d-9(f) promulgated under the Exchange Act, or any similar statement in response to any publicly disclosed
Acquisition Proposal;</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">provided that any &#8220;stop, look and
listen&#8221; statement, or any such similar statement also includes an express reaffirmation of the Parent Board Recommendation.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">Each successive amendment or modification of any Acquisition Proposal that results in an increase in,
or modification of, the consideration (or value of such consideration) to be received by the Parent Stockholders or other material terms
or conditions thereof, shall constitute a new Acquisition Proposal for the purposes of this Section&nbsp;8.4 (except that the Matching
Period in respect of any such successive amendment or modification shall be two business days).</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;9<BR>
TERM, TERMINATION, AMENDMENT AND WAIVER</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.1</TD><TD STYLE="text-align: left">Term</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This Agreement shall be effective from the
date hereof until the earlier of the Effective Time and the termination of this Agreement in accordance with its terms.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.2</TD><TD STYLE="text-align: left">Termination</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">This Agreement may be terminated at any time prior to the Effective Time:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">by mutual written agreement of the Company and the Parent;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">by either the Company or the Parent, if:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">the Effective Time shall not have occurred on or before May 15, 2026 (the &#8220;<B>Initial Outside Date</B>&#8221;
and as may be extended pursuant to this Section&nbsp;9.2(a)(ii)(A), the &#8220;<B>Outside Date</B>&#8221;); provided, however, that if
(x)&nbsp;the Effective Time has not occurred by such date by reason of nonsatisfaction of the condition set forth in Section&nbsp;6.1(i)
and (y)&nbsp;all other conditions in Article&nbsp;6 have theretofore been satisfied (other than those conditions that by their terms are
to be satisfied at the Effective Time, each of which is capable of being satisfied at the Effective Time) or (to the extent permitted
by Law) waived, the Outside Date will be August 15, 2026; provided, further that the right to terminate this Agreement under this Section&nbsp;9.2(a)(ii)(A)
shall not be available to any Party whose failure to perform any of its covenants or agreements or breach of any of its representations
and warranties under this Agreement has been the cause of, or resulted in, the failure of the Effective Time to occur by the Outside Date;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: left">after the date hereof, there shall have been enacted, made or enforced any applicable Law (or any applicable
Law shall have been amended) that makes consummation of the Arrangement illegal or otherwise prohibited or enjoins the Company or the
Parent from consummating the Arrangement and such applicable Law, prohibition or enjoinment shall have become final and non-appealable;
provided that the Party seeking to terminate this</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: left">Agreement pursuant to this Section 9.2(a)(ii)(B)
has used its commercially reasonable efforts, as applicable and to the extent required by Section 5.10, to appeal or overturn such law
or otherwise have it lifted or rendered non-applicable in respect of the Arrangement, and provided further that the enactment, making,
enforcement or amendment of such Law was not primarily due to the failure of such Party to perform any of its covenants or agreements
hereunder;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: left">the Company Shareholder Approval shall not have been obtained at the Company Meeting (or any adjournment(s)
or postponement(s) thereof) in accordance with the Interim Order, except that the right to terminate this Agreement under this Section
9.2(a)(ii)(C) shall not be available to any Party whose failure to perform any of its covenants or agreements or breach of any of its
representations and warranties in any material respect under this Agreement has been the cause of, or resulted in, the failure to receive
the Company Shareholder Approval; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: left">the Parent Stockholder Approvals shall not have been obtained at the Parent Meeting (or any adjournment(s)
or postponement(s) thereof) in accordance with applicable Law, except that the right to terminate this Agreement under this Section 9.2(a)(ii)(D)
shall not be available to any Party whose failure to perform any of its covenants or agreements or breach of any of its representations
and warranties in any material respect under this Agreement has been the cause of, or resulted in, the failure to receive the Parent Stockholder
Approvals; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">by the Parent, if:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">(1) there is a Company Change in Recommendation or (2) the Company shall have breached Section 7.1 in
any material respect;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: left">subject to compliance with Section 9.3, (x)&nbsp;a breach of any representation or warranty, or (y)&nbsp;failure
to perform any covenant or agreement on the part of the Company set forth in this Agreement (other than Section 7.1), in each case, shall
have occurred that would cause the conditions set forth in Sections&nbsp;6.1 or 6.2 not to be satisfied, and (i) such breach or failure
is incapable of being cured prior to the Outside Date or, (ii) if such breach is capable of being cured, is not cured by the time provided
in Section 9.3(b); provided that the Parent is not then in breach of this Agreement so as to cause any condition in Sections&nbsp;6.1
or 6.3 not to be satisfied; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: left">prior to the Parent Stockholder Approvals, the Parent wishes to enter into a Parent Proposed Agreement
with respect to a Parent Superior Proposal (other than a confidentiality and standstill agreement permitted by Section&nbsp;8.3); provided
that the Parent is then in</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: left">compliance with Article&nbsp;8 in all material
respects and that, prior to or concurrently with such termination, the Parent pays the Parent Termination Payment pursuant to Section
9.4(e); or</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iv)</TD><TD STYLE="text-align: left">by the Company, if:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: left">(1) there is a Parent Change in Recommendation or (2) the Parent shall have breached Section 8.1 in any
material respect;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(B)</TD><TD>subject to compliance with Section 9.3, (x)&nbsp;a breach of any
representation or warranty, or (y)&nbsp;failure to perform any covenant or agreement on the part of the Parent set forth in this Agreement
(other than in Section 8.1), in each case, shall have occurred that would cause the conditions set forth in Sections&nbsp;6.1 or 6.3
not to be satisfied, and (i) such breach or failure is incapable of being cured prior to the Outside Date or, (ii) if such breach is
capable of being cured, is not cured by the time provided in Section 9.3(b); provided that the Company is not then in breach of this
Agreement so as to cause any condition in Sections&nbsp;6.1 or 6.2 not to be satisfied; or</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: left">prior to the approval of the Arrangement Resolution, the Company wishes to enter into a Company Proposed
Agreement with respect to a Company Superior Proposal (other than a confidentiality and standstill agreement permitted by Section&nbsp;7.3);
provided that the Company is then in compliance with Article&nbsp;7 in all material respects and that, prior to or concurrently with such
termination, the Company pays the Company Termination Payment pursuant to Section 9.4(c).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">The Party desiring to terminate this Agreement pursuant to this Section&nbsp;9.2 (other than pursuant
to Section&nbsp;9.2(a)(i)) shall give notice of such termination to the other Parties, specifying in reasonable detail the basis for such
Party&#8217;s exercise of its termination right.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">If this Agreement is terminated pursuant to Section&nbsp;9.1 or Section 9.2, this Agreement shall become
void and be of no further force or effect without liability of any Party (or any shareholder, director, officer, employee, agent, consultant
or representative of such Party) to any other Party hereto, except that: (i) in the event of termination under Section&nbsp;9.1 as a result
of the Effective Time occurring, the provisions of this Section&nbsp;9.2(c) and Sections 2.15, 5.12,&nbsp;5.13, 5.16, 10.1,10.2, 10.3,
10.5, 10.6 and 10.10 and all related definitions set forth in Section&nbsp;1.1 shall survive for a period of six (6) years thereafter;
and (ii) in the event of termination under Section 9.2, the provisions of this Section&nbsp;9.2(c) and Sections&nbsp;5.13,&nbsp;9.4, 10.2,
10.3, 10.4, 10.5 and 10.6 and all related definitions set forth in Section&nbsp;1.1 and the provisions of the Confidentiality Agreement
shall survive indefinitely; provided that, subject to Section&nbsp;9.4(h), neither Party shall be relieved or released from any liabilities
or damages arising out of fraud or wilful breach by it of any provision of this Agreement.</TD></TR></TABLE>


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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.3</TD><TD STYLE="text-align: left">Notice and Cure</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Each Party shall give prompt notice to the other of the occurrence, or failure to occur, at any time from
the date hereof until the earlier to occur of the termination of this Agreement in accordance with its terms and the Effective Time, of
any event or state of facts which occurrence or failure would, or would be likely to:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">cause any of the representations or warranties of such Party contained herein to be untrue or inaccurate
in any material respect from the date hereof to the Effective Time; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">result in the failure to comply with or satisfy any agreement, covenant or condition to be complied with
or satisfied by such Party hereunder prior to the Effective Time,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left"><I>provided, however, </I>that the delivery
of any notice pursuant to this Section&nbsp;9.3 shall not limit or otherwise affect the representations, warranties, covenants and agreements
of the Parties (or remedies available hereunder to the Party receiving that notice) or the conditions to the obligations of the Parties
under this Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">No Party may elect to terminate this Agreement pursuant to the conditions set forth herein or any termination
right arising therefrom under Section&nbsp;9.2(a)(iii)(B) or Section&nbsp;9.2(a)(iv)(B), as applicable, and no payments are payable as
a result of such termination pursuant to Section&nbsp;9.4 unless, prior to the Effective Date, the Party seeking to terminate this Agreement
has delivered a written notice to the other Party indicating its intention to terminate this Agreement specifying in reasonable detail
all breaches of covenants, representations and warranties or other matters which the Party delivering such notice is asserting as the
basis for termination. After delivering such notice, provided that a Party is proceeding diligently to cure such matter and such matter
is capable of being cured, no Party may terminate this Agreement for the reasons set out in such written notice until the earlier of the
Outside Date and the expiration of a period of fifteen (15) business days from the date of such notice. If such notice is delivered prior
to the date of the Company Meeting, the Company may postpone or adjourn the Company Meeting to the earlier of a date that is five business
days prior to the Outside Date and the date that is fifteen (15) business days following the delivery of such notice.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.4</TD><TD STYLE="text-align: left">Termination Payments</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Except as otherwise provided herein, all fees, costs and expenses incurred in connection with this Agreement
and the Plan of Arrangement shall be paid by the Party incurring such fees, costs or expenses, whether or not the Arrangement is consummated.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">For the purposes of this Agreement, &#8220;<B>Company Termination Payment Event</B>&#8221; means the termination
of this Agreement:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">by the Parent pursuant to Section&nbsp;9.2(a)(iii)(A) [<I>Company Change in Recommendation or Material
Breach of Non-Solicitation</I>];</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">by the Company pursuant to Section&nbsp;9.2(a)(iv)(C) [<I>Company Superior Proposal</I>]; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">by either Party pursuant to Section 9.2(a)(ii)(A) [<I>Outside Date</I>] or by either Party pursuant to
Section&nbsp;9.2(a)(ii)(C) [<I>Company Shareholder Approval</I>] or by the Parent pursuant to Section&nbsp;9.2(a)(iii)(B) [<I>Company
Breach of Representations and Warranties or Covenants</I>], but, in each case, only if (A) prior to such termination, a <I>bona fide</I>
Acquisition Proposal in respect of the Company shall have been made to the Company and publicly announced by any Person making the Acquisition
Proposal (other than the Parent or its affiliates), (B)&nbsp;such Acquisition Proposal has not expired or been withdrawn at least five
business days prior to the Company Meeting, and (C) within 12 months following the date of such termination, either (1)&nbsp;the Company
or one or more of its Subsidiaries enters into a definitive agreement in respect of an Acquisition Proposal other than a confidentiality
agreement permitted by Section 7.3 (whether or not such Acquisition Proposal is the same Acquisition Proposal referred to in clauses&nbsp;(A)
and (B) above) and such Acquisition Proposal is subsequently consummated (whether or not within such 12-month period), or (2)&nbsp;an
Acquisition Proposal (whether or not such Acquisition Proposal is the same Acquisition Proposal referred to in clauses (A) and (B) above)
is consummated (and, for purposes of this Section&nbsp;9.4(b)(iii), the term &#8220;Acquisition Proposal&#8221; shall have the meaning
ascribed to such term in Section&nbsp;1.1, except that any reference to &#8220;20%&#8221; therein shall be deemed to be a reference to
&#8220;50%&#8221;).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">If a Company Termination Payment Event occurs, the Company shall pay the Company Termination Payment to
the Parent, or as the Parent may direct, as liquidated damages in consideration for the loss of the Parent&#8217;s rights under this Agreement,
by wire transfer of immediately available funds, as follows:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">if the Company Termination Payment is payable pursuant to Section&nbsp;9.4(b)(i), the Company Termination
Payment shall be payable within two (2) business days following such termination;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">if the Company Termination Payment is payable pursuant to Section&nbsp;9.4(b)(ii), the Company Termination
Payment shall be payable prior to or concurrently with such termination; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">if the Company Termination Payment is payable pursuant to Section&nbsp;9.4(b)(iii), the Company Termination
Payment shall be payable concurrently with the consummation of the Acquisition Proposal referred to therein.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">For purposes of this Agreement, &#8220;<B>Parent Termination Payment Event</B>&#8221; means the termination
of this Agreement:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">by the Company pursuant to Section&nbsp;9.2(a)(iv)(A) [<I>Parent Change in Recommendation or Material
Breach of Non-Solicitation</I>];</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in; text-align: left">(ii)</TD><TD>by the Parent pursuant to Section&nbsp;9.2(a)(iii)(C) [<I>Parent
Superior Proposal</I>]; or</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(iii)</TD><TD STYLE="text-align: left">by either Party pursuant to Section 9.2(a)(ii)(A) [<I>Outside Date</I>] or by either Party pursuant to
Section&nbsp;9.2(a)(ii)(D) [<I>Parent Stockholder Approvals</I>] or by the Company pursuant to Section&nbsp;9.2(a)(iv)(B) [<I>Parent Breach
of Representations and Warranties or Covenants</I>], but, in each case, only if (A) prior to such termination, a <I>bona fide</I> Acquisition
Proposal in respect of the Parent shall have been made to the Parent and publicly announced by any Person making the Acquisition Proposal
(other than the Company or its affiliates), (B)&nbsp;such Acquisition Proposal has not expired or been withdrawn at least five business
days prior to the Parent Meeting, and (C) within 12 months following the date of such termination, either (1) the Parent or one or more
of its Subsidiaries enters into a definitive agreement in respect of an Acquisition Proposal other than a confidentiality agreement permitted
by Section 8.3 (whether or not such Acquisition Proposal is the same Acquisition Proposal referred to in clauses&nbsp;(A) and (B) above)
and such Acquisition Proposal is subsequently consummated (whether or not within such 12-month period), or (2)&nbsp;an Acquisition Proposal
(whether or not such Acquisition Proposal is the same Acquisition Proposal referred to in clauses (A) and (B) above) is consummated (and,
for purposes of this Section&nbsp;9.4(d)(iii), the term &#8220;Acquisition Proposal&#8221; shall have the meaning ascribed to such term
in Section&nbsp;1.1, except that any reference to &#8220;20%&#8221; therein shall be deemed to be a reference to &#8220;50%&#8221;).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">If a Parent Termination Payment Event occurs, the Parent shall pay the Parent Termination Payment to the
Company, or as the Company may direct, as liquidated damages in consideration for the loss of the Company&#8217;s rights under this Agreement,
by wire transfer of immediately available funds, as follows:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">if the Parent Termination Payment is payable pursuant to Section&nbsp;9.4(d)(i), the Parent Termination
Payment shall be payable within two (2) business days following such termination;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">if the Parent Termination Payment is payable pursuant to Section&nbsp;9.4(d)(ii), the Parent Termination
Payment shall be payable prior to or concurrently with such termination; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in; text-align: left">(iii)</TD><TD>if the Parent Termination Payment is payable pursuant to Section&nbsp;9.4(d)(iii),
the Parent Termination Payment shall be payable concurrently with the consummation of the Acquisition Proposal referred to therein.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">In the event that either Party terminates this Agreement pursuant to Section&nbsp;9.2(a)(ii)(C) [<I>Company
Shareholder Approval</I>], and no Company Change in Recommendation has occurred, the Company shall reimburse the Parent in respect of
the reasonable and documented expenses of the Parent&#8217;s third party Representatives incurred in respect of the Arrangement and this
Agreement up to a maximum amount of $33,965,000. Such reimbursement shall be made by wire transfer in immediately available funds within
three business days following the</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">later of (a) such termination and (b) the
date on which reasonable documentation evidencing the expenses incurred has been delivered to the Company by the Company to an account
specified by the Parent. Each of the Parties hereby acknowledges that in the event the Company Termination Payment is paid by the Company
in accordance with Section&nbsp;9.4(b), this Section&nbsp;9.4(f) shall not apply and no reimbursement under this Section&nbsp;9.4(f) shall
be payable by the Company.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: left">In the event that either Party terminates this Agreement pursuant to Section&nbsp;9.2(a)(ii)(D) [<I>Parent
Stockholder Approvals</I>], and no Parent Change in Recommendation has occurred, the Parent shall reimburse to the Company in respect
of the reasonable and documented expenses of the Company&#8217;s third party Representatives incurred in respected of the Arrangement
and this Agreement up to a maximum amount of $33,965,000. Such reimbursement shall be made by wire transfer in immediately available funds
within three business days following the later of (a) such termination and (b) the date on which reasonable documentation evidencing the
expenses incurred has been delivered to the Parent by the Company to an account specified by the Company. Each of the Parties hereby acknowledges
that in the event the Parent Termination Payment is paid by the Parent in accordance with Section&nbsp;9.4(d), this Section&nbsp;9.4(g)
shall not apply and no reimbursement under this Section&nbsp;9.4(g) shall be payable by the Parent.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: left">Each of the Parties acknowledges that the agreements contained in this Section&nbsp;9.4 are an integral
part of the transactions contemplated in this Agreement and that, without those agreements, the Parties would not enter into this Agreement.
Each Party acknowledges that all of the payment amounts set out in this Section&nbsp;9.4 are payments in consideration for the disposition
of rights of the Party entitled to receive such payments, and that the amounts set out in this Section&nbsp;9.4 are payments of liquidated
damages which are a genuine pre-estimate of the damages, which the Party entitled to such damages will suffer or incur as a result of
the event giving rise to such payment and the resultant termination of this Agreement and are not penalties. Each Party irrevocably waives
any right it may have to raise as a defence that any such liquidated damages are excessive or punitive. For greater certainty, each Party
agrees that, (a)&nbsp;upon any termination of this Agreement under circumstances where the Parent is entitled to the Company Termination
Payment and the Company Termination Payment is paid in full, such payment shall be the sole and exclusive remedy of the Parent in respect
of the event giving rise to such payment and the Parent shall be precluded from any other remedy against the Company at Law or in equity
or otherwise (including damages, injunctive relief or specific performance) and shall not seek to obtain any recovery, judgment, or damages
of any kind, including consequential, indirect, or punitive damages, against the Company or any of its Subsidiaries or any of their respective
directors, officers, employees, partners, managers, members, shareholders or affiliates or their respective Representatives in connection
with this Agreement or the transactions contemplated hereby, and (b)&nbsp;upon any termination of this Agreement under circumstances where
the Company is entitled to the Parent Termination Payment and the Parent Termination Payment is paid in full, such payment shall be the
sole and exclusive remedy of the Company in respect of the event giving rise to such payment and the Company shall be precluded from any
other remedy against the Parent at Law or in equity or otherwise (including damages, injunctive relief or</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">specific performance) and shall not seek
to obtain any recovery, judgment, or damages of any kind, including consequential, indirect, or punitive damages, against the Parent or
any of its Subsidiaries or any of their respective directors, officers, employees, partners, managers, members, shareholders or affiliates
or their respective Representatives in connection with this Agreement or the transactions contemplated hereby; provided, however, that
the foregoing limitations shall not apply in the event of fraud or a wilful breach by the Company or the Parent of their respective obligations
under this Agreement, as applicable. For clarity, nothing contained in this Section 9.4(h) shall preclude the Company or the Parent from
seeking injunctive relief against the other party in accordance with Section&nbsp;10.4 to restrain the breach or threatened breach of
the covenants or agreements set forth in this Agreement or the Confidentiality Agreement or otherwise to obtain specific performance of
any of such acts, covenants or agreements, without the necessity of posting a bond or security in connection therewith.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">For the avoidance of doubt: (a) in no event shall the Company be obligated to pay the Company Termination
Payment on more than one occasion; (b) in no event shall the Parent be obligated to pay the Parent Termination Payment on more than one
occasion; and (c) if a Company Termination Payment or a Parent Termination Payment becomes payable after a payment has been made pursuant
to Section 9.4(f) or 9.4(g), the amount paid pursuant to Section 9.4(f) or 9.4(g), as applicable, shall be credited against the Company
Termination Payment or Parent Termination Payment, as applicable, when paid.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.5</TD><TD STYLE="text-align: left">Amendment</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Subject to the provisions of the Interim Order
and Final Order and applicable Laws, the Plan of Arrangement and applicable Laws, this Agreement and the Plan of Arrangement may, at any
time and from time to time before or after the holding of the Company Meeting but not later than the Effective Time, be amended by mutual
written agreement of the Parties, without further notice to or authorization on the part of the Company Shareholders, and any such amendment
may without limitation:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">change the time for performance of any of the obligations or acts of the Parties;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">waive any inaccuracies or modify any representation or warranty contained herein or in any document delivered
pursuant hereto;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">waive compliance with or modify any of the covenants herein contained and waive or modify performance
of any of the obligations of the Parties; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">waive compliance with or modify any mutual conditions precedent herein contained.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.6</TD><TD STYLE="text-align: left">Waiver</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">No waiver of any of the provisions of this
Agreement will constitute a waiver of any other provision (whether or not similar). No waiver will be binding unless executed in writing
by the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Party or Parties to be bound by the waiver.
A Party&#8217;s failure or delay in exercising any right or remedy under this Agreement will not operate as a waiver of such right or
remedy. A single or partial exercise of any right or remedy will not preclude a Party from any other or further exercise of that right
or the exercise of any other right or remedy.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article&nbsp;10<BR>
GENERAL PROVISIONS</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.1</TD><TD STYLE="text-align: left">Privacy</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Each Party shall comply with applicable Privacy
Laws in the course of collecting, using and disclosing Personal Information in connection with the transactions contemplated by this Agreement
(the &#8220;<B>Transaction Personal Information</B>&#8221;). Prior to the Effective Date, the Parent shall not use or disclose Transaction
Personal Information for any purposes other than those related to determining if it shall proceed with the transactions contemplated by
this Agreement, the performance of this Agreement, or the consummation of the transactions contemplated by this Agreement. If the Parent
completes the transactions contemplated by this Agreement, the Parent shall not, following the Effective Date, without the consent of
the individuals to whom such Transaction Personal Information relates or as permitted or required by applicable Law, use or disclose Transaction
Personal Information for purposes other than those for which such Transaction Personal Information was collected by the Company or for
which subsequent consent was obtained by the Company prior to the Effective Date. The Parent shall protect and safeguard the Transaction
Personal Information against unauthorized collection, use or disclosure. The Parent shall cause its advisors to observe the terms of this
Section&nbsp;10.1 and to protect and safeguard Transaction Personal Information in their possession. If this Agreement shall be terminated,
the Parent shall promptly deliver to the Company all Transaction Personal Information in its possession or in the possession of any of
its advisors, including all copies, reproductions, summaries or extracts thereof, except, unless prohibited by applicable Law, for electronic
backup copies made automatically in accordance with the usual backup procedures of the Parent. Following the completion of the transactions
contemplated by this Agreement, the Parent shall provide written notice to all individuals who are the subject of any Personal Information
that their information has been disclosed in connection with the Arrangement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.2</TD><TD STYLE="text-align: left">Notices</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">All notices and other communications given
or made pursuant to this Agreement shall be in writing and shall be deemed to have been duly given and received on the day it is delivered,
provided that it is delivered on a business day prior to 5:00 p.m. local time in the place of delivery or receipt. However, if notice
is delivered after 5:00 p.m. local time or if such day is not a business day then the notice shall be deemed to have been given and received
on the next business day. Notice shall be sufficiently given if delivered (either in Person, by courier service or other personal method
of delivery), or if transmitted by email to the Parties at the following addresses (or at such other addresses as shall be specified by
any Party by notice to the other given in accordance with these provisions):</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">if to the Parent or Purchaser:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: left">Coeur Mining, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: left">200 South Wacker Drive, Suite 2100</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 85%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 1in">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">Chicago, IL 60606</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">United States</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 80%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Attention:</TD>
    <TD STYLE="text-align: left">Casey M. Nault</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Email:</TD>
    <TD STYLE="text-align: left">[<I>Redacted &ndash; personal information</I>] </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">with a copy (which shall not constitute notice) to:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">Goodmans LLP</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">Bay Adelaide Centre</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">333 Bay Street, Suite 3400</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">Toronto, Ontario M5H 2S7</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Attention:</TD>
    <TD STYLE="text-align: left">Kari MacKay / Hari Marcovici</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Email:</TD>
    <TD STYLE="text-align: left">[<I>Redacted &ndash; Personal Information</I>]</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">Gibson, Dunn &amp; Crutcher LLP</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">200 Park Avenue</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">New York, NY 10166-0193</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Attention:</TD>
    <TD STYLE="text-align: left">Andrew Kaplan</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Email: </TD>
    <TD STYLE="text-align: left">[<I>Redacted &ndash; Personal Information</I>]</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">if to the Company:</TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 85%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 1in">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">New Gold Inc.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">Brookfield Place</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">181 Bay Street, Suite 3320</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">Toronto, Ontario M5J 2T3</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; text-align: left">Attention:</TD>
    <TD STYLE="width: 80%; text-align: left">Sean Keating</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Email:</TD>
    <TD STYLE="text-align: left">[<I>Redacted &ndash; Personal Information</I>]</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">with a copy (which shall not constitute notice) to:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">Davies Ward Phillips &amp; Vineberg LLP</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">155 Wellington Street West, Suite 3700</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">Toronto, Ontario M5V 3J7</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Attention:</TD>
    <TD STYLE="text-align: left">Richard Fridman and Aaron Atkinson</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Email:</TD>
    <TD STYLE="text-align: left">[<I>Redacted &ndash; Personal Information</I>]</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">1285 Avenue of the Americas</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left">New York, New York 10019</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Attention:</TD>
    <TD STYLE="text-align: left">Christopher J. Cummings</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">Email:</TD>
    <TD STYLE="text-align: left">[<I>Redacted &ndash; Personal Information</I>]</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: left"></P>


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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.3</TD><TD STYLE="text-align: left">Governing Law; Waiver of Jury Trial</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This Agreement shall be governed, including
as to validity, interpretation and effect, by the laws of the Province of British Columbia and the federal laws of Canada applicable therein.
Each of the Parties hereby irrevocably attorns to the exclusive jurisdiction of the courts of the Province of British Columbia in respect
of all matters arising under and in relation to this Agreement and the Arrangement. EACH PARTY TO THIS AGREEMENT HEREBY WAIVES ANY RIGHT
TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF THE PARTIES IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND
ENFORCEMENT OF THIS AGREEMENT.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.4</TD><TD STYLE="text-align: left">Injunctive Relief</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Prior to the termination of this Agreement
in accordance with Section 9.2 and subject to Section&nbsp;9.4(h), the Parties agree that irreparable harm would occur for which money
damages would not be an adequate remedy at Law in the event that any of the provisions of this Agreement were not performed in accordance
with their specific terms or were otherwise breached. Accordingly, the Parties acknowledge and agree that, in order to prevent breaches
or threatened breaches of this Agreement and to enforce specifically the terms and provisions hereof (including the obligations of the
Parent pursuant to Section 2.12), the non-breaching Party will be entitled, without the requirement of posting a bond or other security,
to equitable relief, including injunctive relief and specific performance, and the Parties shall not object to the granting of injunctive
or other equitable relief on the basis that there exists an adequate remedy at Law. Prior to the termination of this Agreement in accordance
with Section 9.2 and subject to Section&nbsp;9.4(h), such remedies will not be the exclusive remedies for any breach of this Agreement
but will be in addition to all other remedies available at Law or equity to each of the Parties. The Parties acknowledge and agree that
the right of specific enforcement is an integral part of the transactions contemplated by this Agreement and without that right, neither
the Company nor the Parent would have entered into this Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.5</TD><TD STYLE="text-align: left">Entire Agreement, Binding Effect</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This Agreement (including the exhibits and
schedules hereto, the Parent Disclosure Letter and the Company Disclosure Letter) and the Confidentiality Agreement constitute the entire
agreement, and supersede all other prior agreements and understandings, both written and oral, between the Parties, or any of them, with
respect to the subject matter hereof and thereof and, except as expressly provided herein, this Agreement is not intended to and shall
not confer upon any Person other than the Parties any rights or remedies hereunder.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.6</TD><TD STYLE="text-align: left">No Liability</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">No director or officer of the Parent shall
have any personal liability whatsoever to the Company under this Agreement, or any other document delivered in connection with the transactions
contemplated hereby on behalf of the Parent. No director or officer of the Company shall have any personal liability whatsoever to the
Parent under this Agreement, or any other document delivered in connection with the transactions contemplated hereby on behalf of the
Company.</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.7</TD><TD STYLE="text-align: left">Further Assurances</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Each Party shall use commercially reasonable
efforts do all such things and provide reasonable assurances as may be required to consummate the Arrangement, and each Party shall provide
such further documents or instruments as reasonably required by any other Party as necessary or desirable to effect the purpose of this
Agreement and carry out its provisions, whether before or after the Effective Time.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.8</TD><TD STYLE="text-align: left">Assignment and Enurement</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The Parent may assign all or any part of its
rights under this Agreement to, and its obligations under this Agreement may be assumed by, its wholly-owned Subsidiary, provided that
if such assignment and/or assumption takes place, the Parent shall continue to be liable jointly and severally with such Subsidiary for
all of its obligations hereunder and such Subsidiary shall remain at all times up to and including the Effective Date a wholly-owned Subsidiary
of the Parent. This Agreement shall not be otherwise assignable by any Party without the prior written consent of the other Party hereto.
This Agreement shall be binding on and shall enure to the benefit of the Parties and their respective successors and permitted assigns.
For greater certainty, no assignment made pursuant to this Section 10.8 shall modify the obligation to deliver Consideration Shares as
Consideration pursuant to this Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.9</TD><TD STYLE="text-align: left">Severability</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">If any term or other provision of this Agreement
is invalid, illegal or incapable of being enforced by any rule or Law or public policy, all other conditions and provisions of this Agreement
shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby
is not affected in any manner materially adverse to any Party. Upon such determination that any term or other provision is invalid, illegal
or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent
of the Parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the
fullest extent possible.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.10</TD><TD STYLE="text-align: left">No Third Party Beneficiaries</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The provisions of Section 5.12, 5.16 and 10.1
are: (i) intended for the benefit of the individuals referred to therein, as and to the extent applicable in accordance with their terms,
and shall be enforceable by each of such Persons and his or her heirs, executors, administrators and other legal representations (collectively,
the &#8220;<B>Third Party Beneficiaries</B>&#8221;) and the Company shall hold the rights and benefits of Section 5.12,&nbsp; 5.16 and
10.1 in trust for and on behalf of the Third Party Beneficiaries and the Company hereby accepts such trust and agrees to hold the benefit
of and enforce performance of such covenants on behalf of the Third Party Beneficiaries; and (ii)&nbsp;in addition to, and not in substitution
for, any other rights that the Third Party Beneficiaries may have by contract or otherwise. Except for the rights of the Company Shareholders
to receive the consideration for their Company Shares following the Effective Time pursuant to the Arrangement, and the rights of Third
Party Beneficiaries under Section&nbsp;5.12 and 5.16, which rights are hereby acknowledged and agreed by the Parties, this Agreement is
not intended to confer any rights or remedies upon any Person other than the Parties.</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.11</TD><TD STYLE="text-align: left">Counterparts, Execution</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument.
The Parties shall be entitled to rely upon delivery of an executed facsimile or similar executed electronic copy of this Agreement, and
such facsimile or similar executed electronic copy shall be legally effective to create a valid and binding agreement between the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.5in; text-align: center"><B>[Remainder of page intentionally left blank.]</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: left"><B>IN WITNESS WHEREOF</B> the Parties have
executed this Agreement as of the date first written above.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left"><B>COEUR MINING, INC. </B></TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: left"><I>(signed) Mitchell J. Krebs</I></TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Name:</TD>
    <TD STYLE="text-align: left">Mitchell J. Krebs</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left">Chairman, President and Chief Executive Officer</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left"><B>1561611 B.C. LTD.</B></TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: left"><I>(signed) Mitchell J. Krebs</I></TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Name:</TD>
    <TD STYLE="text-align: left">Mitchell J. Krebs</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left">President</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left"><B>NEW GOLD INC.</B></TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: left"><I>(signed) Patrick Godin</I></TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Name:</TD>
    <TD STYLE="text-align: left">Patrick Godin</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left">President and Chief Executive Officer</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>Signature Page &ndash;
Arrangement Agreement</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Schedule&nbsp;A<BR>
Plan
of Arrangement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Please see attached.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>PLAN OF ARRANGEMENT<BR>
UNDER SECTION 288 OF THE<BR>
BUSINESS CORPORATIONS ACT (BRITISH COLUMBIA)</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
1<BR>
DEFINITIONS AND INTERPRETATION</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.1</TD><TD STYLE="text-align: left">Definitions</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">In this Plan of Arrangement, unless the context
otherwise requires:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>5-Day VWAP</B>&#8221; means, in respect
of the Company Shares, the volume weighted average share price of the Company Shares on the TSX (during continuous trading hours) for
the five trading days ending on the trading date immediately preceding the Value Determination Date, calculated by dividing the total
Canadian dollar value of the Company Shares traded in such five trading day period on the TSX (during continuous trading hours) by the
total number of such shares traded on the TSX (during continuous trading hours) for such five-day trading period;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Accelerated RSUs</B>&#8221; has the
meaning ascribed thereto in Section 2.3(c)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Arrangement</B>&#8221; means the
arrangement of Company under Part 9, Division 5 of the BCBCA on the terms and subject to the conditions set out in this Plan of Arrangement,
subject to any amendments or variations thereto made in accordance with the terms of the Arrangement Agreement, this Plan of Arrangement,
or made at the direction of the Court in the Final Order (with the prior written consent of both Company and Parent, each acting reasonably);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Arrangement Agreement</B>&#8221;
means the arrangement agreement dated November 2, 2025 among Parent, Purchaser and Company to which this Plan of Arrangement is attached
as Schedule A, including all schedules annexed thereto, together with the Company Disclosure Letter and the Parent Disclosure Letter,
as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Arrangement Resolution</B>&#8221;
means the special resolution of the Company Shareholders approving the Plan of Arrangement, which is to be considered and, if thought
fit, passed at the Company Meeting, substantially in the form and content of Schedule B to the Arrangement Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Authorization</B>&#8221; means, with
respect to any Person, any authorization, order, permit, approval, grant, agreement, licence, classification, restriction, registration,
consent, order, right, notification, condition, franchise, privilege, certificate, judgment, writ, injunction, award, determination, direction
or decision having the force of Law, of, from or required by any Governmental Entity having jurisdiction over such Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>BCBCA</B>&#8221; means the <I>Business
Corporations Act</I> (British Columbia);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>business day</B>&#8221; means any
day, other than a Saturday, a Sunday or a statutory or civic holiday in Mexico City, Mexico, New York, New York, Toronto, Ontario or Vancouver,
British Columbia;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Cash Out Value</B>&#8221; for a Company
Option means an amount, which amount cannot be less than zero, equal to (a) the product of (i) the number of Company Shares for which
such Company Option may be exercised and (ii) the 5-Day VWAP of the Company Shares, minus (b) the exercise price of such Company Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company</B>&#8221; means <FONT STYLE="color: black">New
Gold Inc.</FONT>, a corporation existing under the laws of the Province of British Columbia;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company DSU Plan</B>&#8221; means
the deferred share unit plan of Company effective May 6, 2010, as amended;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company DSUs</B>&#8221; means the
outstanding deferred share units granted under the Company DSU Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company Equity Incentive Plans</B>&#8221;
means, collectively, the Company Option Plan, the Company LTIP and the Company DSU Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company Incentive Awards</B>&#8221;
means, collectively, the Company DSUs, Company RSUs, Company Options and Company PSUs;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company LTIP</B>&#8221; means the
long term incentive plan of Company effective February 19, 2025, as amended;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company Meeting</B>&#8221; means
the special meeting of Company Shareholders, including any adjournment or postponement thereof, to be called and held in accordance with
the Interim Order to consider the Arrangement Resolution and for any other purpose as may be set out in the Company Circular and agreed
to in writing by Parent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company Optionholder</B>&#8221; means
a holder of Company Options;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company Option Plan</B>&#8221; means
the stock option plan of Company effective May 4, 2011, as amended;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company Options</B>&#8221; means
the outstanding options to purchase Company Shares granted under the Company Option Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company PSUs</B>&#8221; means the
outstanding performance share units granted under the Company LTIP;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company RSUs</B>&#8221; means the
outstanding restricted share units granted under the Company LTIP;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company Shareholders</B>&#8221; means
the registered and/or beneficial holders of Company Shares, as the context requires;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Company Shares</B>&#8221; means the
common shares in the capital of the Company;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Consideration</B>&#8221; means the
consideration to be received by the Company Shareholders (other than Dissenting Shareholders) pursuant to this Plan of Arrangement for
their Company Shares, consisting <FONT STYLE="color: windowtext">of the Exchange Ratio of a </FONT>Parent Share for each Company Share;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Consideration Shares</B>&#8221; means
the Parent Shares to be issued to the Company Shareholders pursuant to this Plan of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Continuing Employees</B>&#8221; means
Company Employees that are employed by the Parent, the Company or any of their respective Subsidiaries immediately following the Effective
Time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Court</B>&#8221; means the Supreme
Court of British Columbia;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Depositary</B>&#8221; means Computershare
Investor Services Inc., or such other Person as Parent and Company may appoint (acting reasonably) to act as depositary in respect of
the Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Dissent Rights</B>&#8221; has the
meaning ascribed thereto in Section 4.1(a);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Dissent Shares</B>&#8221; means the
Company Shares held by a Dissenting Shareholder in respect of which the Dissenting Shareholder has properly and validly exercised Dissent
Rights;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Dissenting Shareholder</B>&#8221;
means a registered Company Shareholder as of the record date of the Company Meeting who has properly and validly dissented in respect
of the Arrangement Resolution in strict compliance with the Dissent Rights, who has not withdrawn or been deemed to have withdrawn such
exercise of Dissent Rights and who is ultimately determined to be entitled to be paid the fair value of its Company Shares, but only in
respect of the Dissent Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>DRS Advice</B>&#8221; has the meaning
specified in Section&nbsp;3.1;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Effective Date</B>&#8221; means the
date upon which the Arrangement becomes effective in accordance with Section 2.11(a) of the Arrangement Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Effective Time</B>&#8221; means 12:01
a.m. on the Effective Date or such other time as Parent and Company agree to in writing before the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Exchange Ratio</B>&#8221; means 0.4959;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Final Order</B>&#8221; means the
final order of the Court contemplated by Section 2.7 of the Arrangement Agreement made pursuant to Section 291 of the BCBCA, in a form
and substance acceptable to Company and Parent, each acting reasonably, approving the Arrangement, including as such order may be amended,
supplemented, modified or varied by the Court (with the consent of both Company and Parent, each acting reasonably) at any time prior
to the Effective Date or, if appealed, then, unless such appeal is withdrawn or denied, as affirmed or as amended (provided that any such
amendment is acceptable to both Company and Parent, each acting reasonably) on appeal;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Governmental Entity</B>&#8221; means:
(a) any international, federal, provincial, territorial, state, regional, municipal, local or other government, governmental or public
department, central bank,</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">court, tribunal, arbitral body, international
arbitration institution, commission, board, ministry bureau, agency or entity, domestic or foreign; (b) any stock exchange, including
the TSX, the NYSE and the NYSE American; (c) any subdivision, agent, commission, board or authority of any of the foregoing; or (d) any
quasi&#45;governmental or private body or self-regulatory organization exercising any regulatory, expropriation or taxing authority under
or for the account of any of the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>including</B>&#8221; means including
without limitation, and &#8220;<B>include</B>&#8221; and &#8220;<B>includes</B>&#8221; have a corresponding meaning;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Interim Order</B>&#8221; means the
interim order of the Court made pursuant to Section 291 of the BCBCA following the application therefor submitted to the Court after being
informed of the intention to rely upon the exemption from registration under Section 3(a)(10) of the U.S. Securities Act with respect
to the Consideration Shares issued pursuant to the Arrangement as contemplated by Section 2.3 of the Arrangement Agreement, in a form
and in substance acceptable to Company and Parent, each acting reasonably, providing for, among other things, the calling and holding
of the Company Meeting, including as such order may be amended, supplemented, modified or varied by the Court (with the consent of Company
and Parent, each acting reasonably);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Law</B>&#8221; or &#8220;<B>Laws</B>&#8221;
means all laws (including common law), by-laws, statutes, rules, regulations, principles of law and equity, orders, rulings, ordinances,
judgements, injunctions, determinations, awards, decrees or other requirements, whether domestic or foreign, that are binding upon or
applicable to such Person or its business, and the terms and conditions of any Authorization of or from any Governmental Entity, and,
for greater certainty, includes Securities Laws and applicable common law, and the term &#8220;<B>applicable</B>&#8221; with respect to
such Laws and in a context that refers to a Party, means such Laws as are applicable to such Party and/or its Subsidiaries or their business,
undertaking, property or securities and emanate from a Person having jurisdiction over the Party and/or its Subsidiaries or its or their
business, undertaking, property or securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Letter of Transmittal</B>&#8221;
means the letter of transmittal to be delivered to registered Company Shareholders for use in connection with the Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Liens</B>&#8221; means any hypothecs,
mortgages, pledges, assignments, liens, charges, security interests, encumbrances and adverse rights or claims or other third party interests
or encumbrances of any kind, whether contingent or absolute, and any agreement, option, lease, sublease, restriction, easement, right-of-way,
right or privilege (whether by Law, contract or otherwise) capable of becoming any of the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Non-Continuing Employees</B>&#8221;
means Company Employees whose employment with the Company or any of its Subsidiaries is terminated by the Company or its Subsidiaries,
as applicable, without cause, at or immediately prior to the Effective Time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Notice of Dissent</B>&#8221; means
a written notice provided by a Company Shareholder that is a registered holder of Company Shares to the Company setting forth such Company
Shareholder&#8217;s objection to the Arrangement Resolution and exercise of Dissent Rights;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>NYSE</B>&#8221; means the New York
Stock Exchange;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>NYSE American</B>&#8221; means the
NYSE American Stock Exchange;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Parent</B>&#8221; means <FONT STYLE="color: black">Coeur
Mining, Inc.</FONT>, a corporation existing under the laws of the State of Delaware;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Parent Shares</B>&#8221; means the
common stock in the capital of Parent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Parties</B>&#8221; means, together,
Parent, Purchaser and Company, and &#8220;<B>Party</B>&#8221; means any one of them as the context requires;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Person</B>&#8221; includes an individual,
partnership, association, body corporate, trustee, executor, administrator, legal representative, government (including any Governmental
Entity) or any other entity, whether or not having legal status;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Plan of Arrangement</B>&#8221; means
this plan of arrangement and any amendments or variations hereto made in accordance with the Arrangement Agreement and this plan of arrangement
or upon the direction of the Court in the Final Order with the prior written consent of Company and Parent, each acting reasonably, and
references to &#8220;Article&#8221; or &#8220;Section&#8221; mean the specified Article or Section of this Plan of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Purchaser</B>&#8221; means 1561611
B.C. Ltd., a company existing under the laws of the Province of British Columbia, Canada;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Subsidiary</B>&#8221; has the meaning
ascribed thereto in section 1.1 of NI 45-106;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Tax Act</B>&#8221; means the <I>Income
Tax Act </I>(Canada);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>TSX</B>&#8221; means the Toronto
Stock Exchange;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>U.S. Securities Act</B>&#8221; means
the United States <I>Securities Act of 1933</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>U.S. Tax Code</B>&#8221; means the
United States <I>Internal Revenue Code of 1986</I>; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&#8220;<B>Value Determination Date</B>&#8221;
means the date that is three business days prior to the Effective Date.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.2</TD><TD STYLE="text-align: left">Interpretation Not Affected by Headings</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The division of this Plan of Arrangement into
Articles and Sections and the insertion of headings are for convenience of reference only and shall not affect in any way the meaning
or interpretation of this Plan of Arrangement. Unless the contrary intention appears, references in this Plan of Arrangement to an Article,
Section or Step by number or letter or both refer to the Article, Section or Step, respectively, bearing that designation in this Plan
of Arrangement.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.3</TD><TD STYLE="text-align: left">Number and Gender</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">In this Plan of Arrangement, unless the contrary
intention appears, words importing the singular include the plural and vice versa, and words importing gender include all genders.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.4</TD><TD STYLE="text-align: left">Calculation of Time</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Unless otherwise specified, time periods within
or following which any payment is to be made or act is to be done shall be calculated by excluding the day on which the period commences
and including the day on which the period ends. Where the last day of any such time period is not a business day, such time period shall
be extended to the next business day following the day on which it would otherwise end.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.5</TD><TD STYLE="text-align: left">Date for Any Action</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">If the date on which any action is required
to be taken hereunder by a Party is not a business day, such action shall be required to be taken on the next succeeding day which is
a business day.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.6</TD><TD STYLE="text-align: left">Currency</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Unless otherwise stated, all references in
this Plan of Arrangement to sums of money are expressed in lawful money of the United States and &#8220;$&#8221; refers to U.S. dollars.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.7</TD><TD STYLE="text-align: left">No Strict Construction</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The language used in this Plan of Arrangement
is the language chosen by the Parties to express their mutual intent, and no rule of strict construction shall be applied against any
Party.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.8</TD><TD STYLE="text-align: left">Statutory References</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">A reference to a statute, rule, regulation
or other statutory instrument or subordinate legislation (including any particular provision thereof) shall be construed to refer to such
statute, rule, regulation or other instrument or legislation (or provision thereof) and to all rules, regulations, instruments or legislation
made thereunder, if any, in each case as the same may from time to time be amended, modified, supplemented, re-enacted or replaced, in
whole or in part.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.9</TD><TD STYLE="text-align: left">Governing Law</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This Plan of Arrangement shall be governed,
including as to validity, interpretation and effect, by the laws of the Province of British Columbia and the laws of Canada applicable
therein.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.10</TD><TD STYLE="text-align: left">Time</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Time is of the essence in the performance of
the Parties&#8217; respective obligations hereunder.</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.11</TD><TD STYLE="text-align: left">Time References</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">In this Plan of Arrangement, unless otherwise
specified, any references to time are to local time, Vancouver, British Columbia.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.12</TD><TD STYLE="text-align: left">Other Definitions</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Capitalized terms that are used herein but
not defined shall have the meanings ascribed thereto in the Arrangement Agreement.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
2<BR>
THE ARRANGEMENT</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.1</TD><TD STYLE="text-align: left">Arrangement Agreement</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This Plan of Arrangement is made pursuant to,
and is subject to the provisions of, the Arrangement Agreement, except in respect of the sequence of the steps comprising the Arrangement,
which shall occur in the order set out in this Plan of Arrangement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.2</TD><TD STYLE="text-align: left">Effectiveness</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This Plan of Arrangement will become effective
at the Effective Time (except as otherwise provided herein) and will be binding from and after the Effective Time on Parent, Purchaser,
Company, the Depositary, the Company Shareholders, including the Dissenting Shareholders, and the holders of Company Incentive Awards,
in each case, without any further authorization, act or formality on the part of any Person, except as expressly provided herein.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.3</TD><TD STYLE="text-align: left">The Arrangement</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The following steps shall occur and shall be
deemed to occur, commencing at the Effective Time, sequentially in the following order, with each such step after the first occurring
five minutes after the preceding step (except where otherwise indicated), and without any further authorization, act or formality on the
part of any Person:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B><I>Incentive Securities</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left"><U>Company DSUs</U>. Notwithstanding any vesting or exercise or other provisions to which a Company DSU
might otherwise be subject (whether by contract, the conditions of grant, applicable Law or the terms of the Company DSU Plan governing
such Company DSU) each Company DSU (and all agreements relating thereto) outstanding immediately prior to the Effective Time (whether
vested or unvested) shall, without any further action by any Person, be terminated in exchange for a cash payment from the Company to
be calculated in accordance with the terms of the Company DSU Plan (except that the calculation of the amounts payable shall be determined
as at the Value Determination Date). The Company will pay to the holders of Company DSUs, through the payroll systems of the Company,
all amounts required to be paid to the holders of Company DSUs in accordance with this</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">Plan of Arrangement, less any Tax withholding
required under applicable Law or in accordance with Section 3.7, in respect of such Company DSUs.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left"><U>Company PSUs</U>. Notwithstanding any vesting or exercise or other provisions to which a Company PSU
might otherwise be subject (whether by contract, the conditions of grant, applicable Law or the terms of the Company LTIP governing such
Company PSU) each Company PSU (and all agreements relating thereto) outstanding immediately prior to the Effective Time (whether vested
or unvested) shall, without any further action by any Person, be terminated in exchange for a cash payment from the Company to be calculated
in accordance with the terms of the Company PSU Plan (except that the calculation of the amounts payable shall be determined as at the
Value Determination Date) and this Plan of Arrangement. For the avoidance of doubt, (A) the vesting multiplier applicable to all calculation
periods ending on or prior to the Value Determination Date for each Company PSU shall be determined based on the terms of the Company
LTIP; and (B) the vesting multiplier applicable to all calculation periods ending after the Value Determination Date for each Company
PSU shall be (i) 100%, in the case of Continuing Employees; or (ii) 150% in the case of Non-Continuing Employees. The Company will pay
to the holders of Company PSUs, through the payroll systems of the Company, all amounts required to be paid to the holders of Company
PSUs in accordance with this Plan of Arrangement, less any Tax withholding required under applicable Law or in accordance with Section
3.7, in respect of such Company PSUs.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left"><U>Company RSUs</U>. Notwithstanding any vesting or exercise or other provisions to which a Company RSUs
might otherwise be subject (whether by contract, the conditions of grant, applicable Law or the terms of the Company LTIP governing such
Company RSU) each Company RSU (and all agreements relating thereto) outstanding immediately prior to the Effective Time (whether vested
or unvested) shall, without any further action by any Person, be treated as follows:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">Company RSUs held by Non-Continuing Employees (&#8220;<B>Accelerated RSUs</B>&#8221;) will be fully vested
pursuant to, and redeemed for cash in accordance with, the terms of the Company LTIP (except that the calculation of the amounts payable
shall be determined as at the Value Determination Date). The Company will pay to the holders of such Accelerated RSUs, through the payroll
systems of the Company, all amounts required to be paid to them for their Accelerated RSUs in accordance with this Plan of Arrangement,
less any Tax withholding required under applicable Law or in accordance with Section 3.7, in respect of such Company RSUs.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: left">Company RSUs held by Continuing Employees shall be amended by multiplying each such Company RSU by the
Exchange Ratio, and thereafter, the holder thereof shall be entitled to the number of Company RSUs as is equal to the product of such
amendment (the &#8220;<B>Revised Company RSUs</B>&#8221;); (ii) upon the vesting of such Revised Company RSUs following the Effective
Time, each such Revised Company RSU shall entitle the holder thereof to receive a payment in cash, in accordance with the terms of the
Company LTIP, with reference to the trading price of the Parent Shares rather than the Company Shares; and (iii) such Revised Company
RSUs shall</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">remain outstanding and governed by the
terms of the Company LTIP and any document evidencing the Company RSUs (subject to amendments as contemplated in this Section).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left"><U>Company Options</U>. Notwithstanding any vesting or exercise or other provisions to which a Company
Option might otherwise be subject (whether by contract, the conditions of grant, applicable Law or the terms of the applicable Company
Option Plan governing such Company Option), each Company Option shall, without any further action by or on behalf of a holder, be deemed
to be fully vested and shall be transferred and assigned by the holder thereof, free and clear of any Liens, to the Company, and the holder
thereof shall be entitled to receive in exchange therefor an amount equal to the Cash Out Value for such Company Option (less any applicable
withholding in accordance with Section 3.7) determined as at the Value Determination Date, whereupon the name of the holder of such Company
Option shall be removed from the register of Company Options maintained by the Company, and the Company Option Plan and each Company Option
shall immediately be cancelled and all agreements relating to the Company Options shall be terminated and shall be of no further force
and effect. The Company will pay to the holders of Company Options, through the payroll systems of the Company, all amounts required to
be paid to the holders of Company Options in accordance with this Plan of Arrangement, less any Tax withholding required under applicable
Law or in accordance with Section 3.7, in respect of such Company Options.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B><I>Dissenting Shareholders </I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">Each Dissent Share shall be and shall be deemed to be transferred and assigned by the holder thereof without
any further act or formality on its part, free and clear of all Liens, to Company in accordance with, and for the consideration contemplated
in, Section&nbsp;4.1, and:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">such Dissenting Shareholder shall cease to be, and shall be deemed to cease to be, the registered holder
of each such Dissent Share and the name of such registered holder shall be, and shall be deemed to be, removed from the central securities
register of Company in respect of each such Dissent Share, and at such time each Dissenting Shareholder will have only the rights set
out in Section&nbsp;4.1;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: left">such Dissenting Shareholder shall be deemed to have executed and delivered all consents, releases, assignments
and waivers, statutory or otherwise, required to transfer and assign each such Dissent Share; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: left">Company shall be the holder of all of the outstanding Dissent Shares, free and clear of all Liens, and
the central securities register of Company shall be revised accordingly.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B><I>Transfer of Company Shares to Purchaser</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">Each Company Shareholder, other than a Dissenting Shareholder, shall transfer and assign their Company
Shares, free and clear of any Liens, to Purchaser in exchange for the</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">Consideration for each such Company Share
so transferred, and in respect of the Company Shares so transferred:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">the registered holder thereof shall cease to be, and shall be deemed to cease to be, the registered holder
of each such Company Share and the name of such registered holder shall be removed from the central securities register of Company;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: left">the registered holder thereof shall be deemed to have executed and delivered all consents, releases, assignments
and waivers, statutory or otherwise, required to transfer and assign each such Company Share; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: left">Purchaser shall be the holder of all of the outstanding Company Shares, free and clear of all Liens, and
the central securities register of Company shall be revised accordingly.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
3<BR>
DELIVERY OF CONSIDERATION</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.1</TD><TD STYLE="text-align: left">Deposit and Payment of Consideration</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Following receipt of the Final Order and in any event no later than the business day prior to the Effective
Date, Parent shall deposit in escrow, or cause to be deposited in escrow, with the Depositary, sufficient Parent Shares to satisfy the
aggregate Consideration payable to the Company Shareholders in accordance with Section&nbsp;2.3, which shall be held by the Depositary
in escrow as agent and nominee for such former Company Shareholders for distribution to such former Company Shareholders in accordance
with the provisions of this Article 3. The Company will pay to the holders of Company Options, Company PSUs, Accelerated RSUs and Company
DSUs, through the payroll systems of the Company with respect to any holders who are employees or former employees, all amounts required
to be paid to the holders of Company Options, Company PSUs, Accelerated RSUs and Company DSUs, in accordance with the Plan of Arrangement,
less any Tax withholding required under applicable Law or in accordance with Section 3.7, in respect of such Company Options, Company
PSUs, Accelerated RSUs and Company DSUs.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">Upon surrender to the Depositary for cancellation of a certificate or a direct registration statement
(DRS) advice (a &#8220;<B>DRS Advice</B>&#8221;) which immediately prior to the Effective Time represented one or more Company Shares
that were transferred under the Arrangement, together with a duly completed and executed Letter of Transmittal and such other documents
and instruments as the Depositary or Parent may reasonably require, the registered holder of the Company Shares represented by such surrendered
certificate or DRS Advice shall be entitled to receive in exchange therefor, and the Depositary shall deliver to such holder (in each
case less any amounts withheld pursuant to Section&nbsp;3.7 (if any)), the Consideration that such holder has the right to receive, and
the certificate or DRS Advice so surrendered shall forthwith be cancelled.</TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">In the event of a transfer of ownership of Company Shares which was not registered in the transfer records
of Company, the Consideration to which the registered holder has the right to receive, subject to Section&nbsp;2.3, shall be delivered
to the transferee if the certificate or DRS Advice which immediately prior to the Effective Time represented Company Shares that were
exchanged for the Consideration under the Arrangement is presented to the Depositary, accompanied by all documents reasonably required
to evidence and effect such transfer.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">After the Effective Time and until surrendered for cancellation as contemplated by Section&nbsp;3.1(b),
each certificate or DRS Advice that immediately prior to the Effective Time represented one or more Company Shares, other than the Dissent
Shares, shall be deemed at all times to represent only the right to receive in exchange therefor the Consideration that the holder of
such certificate or DRS Advice is entitled to receive in accordance with Section&nbsp;2.3, less any amounts withheld pursuant to Section&nbsp;3.7
(if any).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.2</TD><TD STYLE="text-align: left">Distributions with Respect to Unsurrendered Certificates</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in">No dividends or other distributions
declared or made after the Effective Time with respect to Consideration Shares with a record date after the Effective Time shall be paid
to the holder of any unsurrendered certificate or DRS Advice which immediately prior to the Effective Time represented outstanding Company
Shares that were exchanged for Consideration Shares pursuant to Section&nbsp; 2.3(f) unless and until the holder of such certificate or
DRS Advice shall surrender such certificate or DRS Advice in accordance with Section&nbsp;3.1. Subject to applicable law and Section 3.7
hereof, at the time of such surrender of any such certificate or DRS advice (or, in the case of clause (ii) below, at the appropriate
payment date), there shall be paid to the holder of the certificates or DRS Advices representing Company Shares that were exchanged for
Consideration Shares pursuant to Section&nbsp; 2.3(f), without interest, (i) the amount of dividends or other distributions with a record
date after the Effective Time theretofore paid with respect to the Consideration Shares to which such holder is entitled pursuant hereto,
and (ii) to the extent not paid under clause (i), on the appropriate payment date, the amount of dividends or other distributions with
a record date after the Effective Time but prior to surrender and the payment date subsequent to surrender payable with respect to such
Consideration Shares.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.3</TD><TD STYLE="text-align: left">Deemed Fully Paid and Non-Assessable Shares</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">All Consideration Shares issued pursuant to
this Plan of Arrangement shall be deemed to be validly issued and outstanding as fully paid and non-assessable shares.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.4</TD><TD STYLE="text-align: left">No Fractional Shares</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in">No fractional Consideration
Shares shall be issued upon the exchange of Company Shares pursuant to Sections&nbsp; 2.3(f) and 3.1. Where the aggregate number of Parent
Shares to be issued to a Company Shareholder pursuant to Sections&nbsp; 2.3(f) and 3.1 as consideration under the Arrangement would result
in a fractional Consideration Share being issuable, such fractional Consideration Share shall be rounded up to the nearest whole Parent
Share in the event that a Company Shareholder is entitled to a fractional share representing 0.5 or more of a Parent Share and shall be
rounded down</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">to the nearest whole Parent Share in the event
that a Company Shareholder is entitled to a fractional share representing less than 0.5 of a Parent Share.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.5</TD><TD STYLE="text-align: left">Lost Certificates</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">In the event that any certificate which, immediately
prior to the Effective Time, represented one or more outstanding Company Shares, which were exchanged in accordance with Section&nbsp;2.3(f)
shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the holder claiming such certificate to be
lost, stolen or destroyed, the Depositary shall deliver in exchange for such lost, stolen or destroyed certificate, the aggregate Consideration
which such holder is entitled to receive in accordance with this Plan of Arrangement. When authorizing such delivery of the aggregate
Consideration which such holder is entitled to receive in exchange for such lost, stolen or destroyed certificate, the holder to whom
the Consideration is to be delivered shall, as a condition precedent to the delivery of such Consideration, give a bond satisfactory to
Parent and the Depositary in such amount as Parent and the Depositary may direct (each acting reasonably), or otherwise indemnify Parent
and the Depositary and/or any of their respective representatives or agents in a manner satisfactory to Parent and the Depositary (each
acting reasonably), against any claim that may be made against Parent, the Company or the Depositary and/or any of their respective representatives
or agents with respect to the certificate alleged to have been lost, stolen or destroyed.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.6</TD><TD STYLE="text-align: left">Extinction of Rights</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Any certificate or DRS Advice which immediately
prior to the Effective Time represented outstanding Company Shares that were exchanged pursuant to Section&nbsp;2.3(f) that is not deposited
with all other instruments required by Section&nbsp;3.1 on or prior to the sixth anniversary of the Effective Date shall cease to represent
a claim or interest of any kind or nature as a securityholder of Company or Purchaser, as applicable. On such date, the Consideration
Shares, as applicable, to which the former registered holder of the certificate or DRS Advice referred to in the preceding sentence was
ultimately entitled shall be deemed to have been surrendered for no consideration to Purchaser (or its successor(s)). None of Parent,
Purchaser, Company or the Depositary shall be liable to any Person in respect of any Consideration Shares (or dividends, distributions
and interest in respect thereof) delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.7</TD><TD STYLE="text-align: left">Withholding Rights; Tax Consequences</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in">The Parent, the Company,
the Depositary, their respective Subsidiaries and any other Person on their behalf, shall be entitled to deduct and withhold from any
amounts payable to any Person pursuant to the Arrangement and under this Plan of Arrangement, including amounts distributed to any former
Company Shareholder or former holders of Company Incentive Awards, such amounts as the Parent, the Company, the Depositary and their respective
Subsidiaries, or any Person on behalf of any of the foregoing, is or may be required or permitted to deduct or withhold with respect to
such payment under the Tax Act, the U.S. Tax Code, or any provision of local, state, federal, provincial or foreign Law, in each case,
as amended, or under the administrative practice of the relevant Governmental Entity administering such Law, and to request from any</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">recipient of any payment hereunder any necessary
tax forms or any other proof of exemption from withholding or any similar information. To the extent that amounts are so deducted or withheld,
such deducted or withheld amounts shall be treated for all purposes hereof as having been paid to the Person to whom such amounts would
otherwise have been paid. Any Person that deducts or withholds any amount pursuant to this Section 3.7 shall remit such deducted or withheld
amounts to the applicable Governmental Entity. In any case where the amount so required or permitted to be deducted or withheld from any
payment to a holder exceeds the cash portion of the consideration otherwise payable, the Parent, the Company, the Depositary, their respective
Subsidiaries, and any Person on behalf of the foregoing, as the case may be, is authorized to sell or otherwise dispose of such portion
of the Consideration as is necessary in order to fully fund such liability, and such Person shall remit any unapplied balance of the net
proceeds of such sale to the holder.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.8</TD><TD STYLE="text-align: left">Transfer Free and Clear</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in">For greater certainty, any
transfer or exchange of securities pursuant to this Plan of Arrangement shall be free and clear of any Liens or other claims of third
parties of any kind.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.9</TD><TD STYLE="text-align: left">Interest</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Under no circumstances shall interest accrue
or be paid by the Company, Parent, Purchaser, the Depositary or any other Person to any Company Shareholder or other Persons depositing
certificates or DRS Advices pursuant to this Plan of Arrangement in respect of the Company Shares immediately existing prior to the Effective
Time.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
4<BR>
RIGHTS OF DISSENT</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.1</TD><TD STYLE="text-align: left">Dissent Rights</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Pursuant to the Interim Order, Company Shareholders who are registered holders of Company Shares as of
the record date of the Company Meeting may exercise rights to dissent in connection with the Arrangement under Division 2 of Part 8 of
the BCBCA, as modified by this Article 4, the Interim Order and the Final Order (&#8220;<B>Dissent Rights</B>&#8221;), with respect to
all (but not less than all) of the Company Shares held by such Company Shareholder, provided that the Notice of Dissent contemplated by
Section 242 of the BCBCA, as may be modified by the Interim Order, must be received by Company by 4:00 p.m. on the date that is at least
two business days prior to the date of the Company Meeting, or any date to which the Company Meeting may be postponed or adjourned, and
provided further that each Dissenting Shareholder who:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: left">is ultimately entitled to be paid the fair value of their Dissent Shares by the Company: (A) will be entitled
to be paid the fair value of such Dissent Shares by the Company, which fair value, notwithstanding anything to the contrary contained
in the BCBCA, shall be the fair value of such Dissent Shares determined as of the close of business on the day immediately before the
approval of the Arrangement Resolution; (B) shall be deemed not to have participated in the transactions in</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">Article 2 (other than Section&nbsp;2.3(e),
if applicable); (C) shall be deemed to have transferred and assigned such Dissent Shares, free and clear of any Liens, to Company in accordance
with Section&nbsp;2.3(e); and (D) will not be entitled to any other payment or consideration, including any payment that would be payable
under the Arrangement had such holder not exercised their Dissent Rights in respect of such Company Shares; or</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: left">is ultimately not entitled, for any reason, to be paid fair value for such holder&#8217;s Company Shares,
shall be deemed to have participated in the Arrangement, as of the Effective Time, on the same basis as a non-dissenting registered holder
of Company Shares, and shall be entitled to receive only the Consideration pursuant to Section&nbsp; 2.3(f) that such holder would have
received pursuant to the Arrangement if such holder had not exercised Dissent Rights.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">In no circumstances shall Parent, Purchaser, the Company or any other Person be required to recognize
a Person exercising Dissent Rights unless such Person is the registered holder of those Company Shares in respect of which such rights
are sought to be exercised as of the record date of the Company Meeting.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">In no case shall Parent, Purchaser, Company or any other Person be required to recognize Dissenting Shareholders
as holders of Company Shares after the time that is immediately prior to the Effective Time, and the names of the Dissenting Shareholders
shall be deleted from the central securities register as holders of the Company at the time at which the step in Section&nbsp; 2.3(f)
occurs.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">For greater certainty, in addition to any other restrictions set forth in the Interim Order and under
Section 238 of the BCBCA, none of the following shall be entitled to exercise Dissent Rights: (i) a holder of any Company Incentive Awards
in respect of such holder&#8217;s Company Incentive Awards; (ii) Company Shareholders who vote or have instructed a proxyholder to vote
such Company Shares in favour of the Arrangement Resolution; and (iii) any other Person who is not a registered Company Shareholder as
of the record date for the Company Meeting.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
5<BR>
GENERAL</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.1</TD><TD STYLE="text-align: left">Paramountcy</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">From and after the Effective Time (a) this
Plan of Arrangement shall take precedence and priority over any and all rights related to the Company Shares and the Company Incentive
Awards issued prior to the Effective Time, (b) the rights and obligations of the holders of Company Shares, the holders of Company Incentive
Awards, the Parties, the Depositary and any trustee or transfer agent therefor in relation thereto, and any other Person having any right,
title or interest in or to Company Shares and Company Incentive Awards, shall be solely as provided for in this Plan of Arrangement, and
(c) all actions, causes of action, claims or proceedings (actual or contingent and whether or not previously asserted) based on or in
any way relating to any securities of the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Company subject to this Plan of Arrangement
shall be deemed to have been settled, compromised, released and determined without liability except as set forth herein.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.2</TD><TD STYLE="text-align: left">Amendment</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">Parent and the Company reserve the right to amend, modify or supplement this Plan of Arrangement at any
time and from time to time prior to the Effective Time, provided that each such amendment, modification or supplement must be (i) agreed
to in writing by the Company and Parent, (ii) filed with the Court and, if made following the Company Meeting, approved by the Court,
and (iii) communicated to Company Shareholders and the holders of Company Incentive Awards if and as required by the Court.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">Subject to the provisions of the Interim Order, any amendment, modification or supplement to this Plan
of Arrangement may be proposed by Parent and the Company at any time prior to the Company Meeting (provided, however, that the Company
and Parent shall have consented thereto in writing), with or without any other prior notice or communication, and, if so proposed and
accepted by the Persons voting at the Company Meeting (other than as may be required under the Interim Order), shall become part of this
Plan of Arrangement for all purposes.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">Any amendment, modification or supplement to this Plan of Arrangement that is approved or directed by
the Court following the Company Meeting shall be effective only if: (i) it is consented to in writing by each of Parent and the Company
(each acting reasonably); and (ii) if required by the Court, it is consented to by the Company Shareholders voting in the manner directed
by the Court.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">Any amendment, modification or supplement to this Plan of Arrangement may be made by the Company and Parent
without the approval of or communication to the Court or the Company Shareholders, provided that it concerns a matter which, in the reasonable
opinion of the Company and Parent, is of an administrative or ministerial nature required to better give effect to the implementation
of this Plan of Arrangement and is not adverse to the financial or economic interests of any of the Company Shareholders or holders of
Company Incentive Awards.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">This Plan of Arrangement may be withdrawn prior to the Effective Time in accordance with the terms of
the Arrangement Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.3</TD><TD STYLE="text-align: left">Further Assurances</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Notwithstanding that the transactions and events
set out in this Plan of Arrangement shall occur and be deemed to have occurred in the order set out herein, without any further act or
formality, each of the Parties shall make, do and execute, or cause to be made, done and executed, all such further acts, deeds, agreements,
transfers, assurances, instruments or documents as may reasonably be required by any of them in order to implement this Plan of Arrangement
and to further document or evidence any of the transactions or events set out herein.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Article
6<BR>
U.S. Securities Law Exemption</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.1</TD><TD STYLE="text-align: left">U.S. Securities Law Exemption</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Notwithstanding any provision herein to the
contrary, the Company and Parent each agree that this Plan of Arrangement will be carried out with the intention that, and they will use
their commercially reasonable best efforts to ensure that all Consideration Shares issued under the Arrangement by Parent pursuant to
this Plan of Arrangement, whether in the United States, Canada or any other country, be issued or granted, as the case may be, in reliance
on the exemption from the registration requirements of the U.S. Securities Act, as provided by Section 3(a)(10) thereof and pursuant to
exemptions from registration under any applicable state securities Laws, and pursuant to the terms, conditions and procedures set forth
in the Arrangement Agreement.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Schedule&nbsp;B<BR>
Arrangement Resolution</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>BE IT RESOLVED, AS A SPECIAL RESOLUTION,
THAT:</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: left">The arrangement (the &#8220;<B>Arrangement</B>&#8221;) under Section 288 of the <I>Business Corporations
Act</I> (British Columbia) (the &#8220;<B>BCBCA</B>&#8221;), involving Coeur Mining, Inc. (the &#8220;<B>Parent</B>&#8221;), New Gold
Inc. (the &#8220;<B>Company</B>&#8221;), 1561611 B.C. Ltd. (the &#8220;<B>Purchaser</B>&#8221;), and Company Shareholders (as defined
in the Arrangement Agreement), all as more particularly described and set forth in the notice of meeting and management information circular
(the &#8220;<B>Circular</B>&#8221;) of the Company dated [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>], 2025 accompanying
the notice of the meeting (as the Arrangement may be modified, supplemented or amended in accordance with its terms), is hereby authorized,
approved and adopted;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: left">The plan of arrangement, as it may be or has been amended (the &#8220;<B>Plan of Arrangement</B>&#8221;),
involving the Parent, the Purchaser, the Company and the Company Shareholders and implementing the Arrangement, the full text of which
is set out in Appendix [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>] to the Circular (as the Plan of Arrangement may be,
or may have been, modified, supplemented or amended in accordance with its terms), is hereby authorized, approved and adopted;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: left">The arrangement agreement among the Parent, the Company and the Purchaser dated as of November 2,&nbsp;2025,
as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms (the &#8220;<B>Arrangement
Agreement</B>&#8221;) and all the transactions contemplated therein, the actions of the directors of the Company in approving the Arrangement
and the actions of the directors and officers of the Company in executing and delivering the Arrangement Agreement and any modifications,
supplements or amendments thereto in accordance with its terms are hereby confirmed, ratified and approved in all respects;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: left">The Company is hereby authorized to apply for a final order from the Supreme Court of British Columbia
(the &#8220;<B>Court</B>&#8221;) to approve the Arrangement in accordance with and subject to the terms set forth in the Arrangement Agreement
and the Plan of Arrangement (as they may be, or may have been, modified, supplemented or amended from time to time in accordance with
their terms);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: left">Notwithstanding that this resolution has been passed (and the Plan of Arrangement adopted) by the Company
Shareholders or that the Arrangement has been approved by the Court, the directors of the Company are hereby authorized and empowered,
at their discretion, without further notice to, or approval of, the of the Company Shareholders:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">to modify, supplement or amend the Arrangement Agreement or the Plan of Arrangement to the extent permitted
by the Arrangement Agreement or the Plan of Arrangement; or</TD></TR></TABLE>


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    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">subject to the terms of the Arrangement Agreement, not to proceed with the Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: left">Any one or more directors or officers of the Company is hereby authorized, for and on behalf and in the
name of the Company, to execute and deliver, whether under corporate seal of the Company or not, all such agreements, forms waivers, notices,
certificate, confirmations and other documents and instruments and to do or cause to be done all such other acts and things as in the
opinion of such director or officer may be necessary, desirable or useful for the purpose of giving effect to these resolutions, the Arrangement
Agreement and the completion of the Plan of Arrangement in accordance with the terms of the Arrangement Agreement, including:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(i)</TD><TD STYLE="text-align: left">all actions required to be taken by or on behalf of the Company, and all necessary filings and obtaining
the necessary approvals, consents and acceptances of appropriate regulatory authorities; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.2in"></TD><TD STYLE="width: 0.3in">(ii)</TD><TD STYLE="text-align: left">the signing of the certificates, consents and other documents or declarations required under the Arrangement
Agreement or otherwise to be entered into by the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">such determination to be conclusively evidenced
by the execution and delivery of such document, agreement or instrument or the doing of any such act or thing.</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Schedule&nbsp;C<BR>
Form of Parent Charter Amendment</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CERTIFICATE OF AMENDMENT TO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE CERTIFICATE OF INCORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>COEUR MINING, INC.</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">The undersigned, desiring to amend the certificate
of incorporation of a Delaware corporation pursuant to Section 242 of the Delaware General Corporation Law (the &#8220;<B>Act</B>&#8221;),
hereby certifies as follows:</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B><U>FIRST</U></B>. The name of the corporation (hereinafter
called the &#8220;<B>Corporation</B>&#8221;) is Coeur Mining, Inc.</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B><U>SECOND</U></B>. This Certificate of Amendment
(the &#8220;<B>Certificate of Amendment</B>&#8221;) amends provisions of the Corporation&#8217;s Certificate of Incorporation that was
filed with the Secretary of State of the State of Delaware on May 15, 2013 and was amended by the Amendment to the Certificate of Incorporation
on May 12, 2015, the Amendment to the Certificate of Incorporation on May 10, 2022 and the Amendment to the Certificate of Incorporation
on February 13, 2025 (the &#8220;<B>Certificate of Incorporation</B>&#8221;).</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B><U>THIRD</U></B>. Section 4.1 of Article IV of
the Certificate of Incorporation, which Section sets forth the Authorized Stock of the Corporation, is hereby amended and restated in
its entirety as follows:</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&#8220;Section 4.1&nbsp;<U>Authorized Stock</U>. The
aggregate number of shares which the Corporation shall have authority to issue is 1,310,000,000 shares, of which 1,300,000,000 shares
shall be designated as Common Stock, par value $0.01 per share (the &#8220;<B>Common Stock</B>&#8221;), and 10,000,000 shares shall be
designated as Preferred Stock, par value $1.00 per share (the &#8220;<B>Preferred Stock</B>&#8221;).&#8221;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B><U>FOURTH</U></B>. The amendment herein certified
has been duly adopted in accordance with Section 242 of the Act.</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">IN WITNESS WHEREOF, the Corporation has caused this
Certificate of Amendment to be signed by its duly authorized officer as of [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 46%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><B>COEUR MINING, INC.</B></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><B>Date: </B>[<FONT STYLE="font-family: Wingdings; color: black">l</FONT>]</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><B>By: </B></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><B>Name: </B></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><B>Title:</B></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 3in; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Schedule&nbsp;D<BR>
Form
of Resignation and Mutual Release</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">[<I>Redacted &#8211; Confidential Information</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Schedule&nbsp;E<BR>
Form
of Company Voting Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Please see attached.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">November 2, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>TO:&nbsp;&nbsp;&nbsp;&nbsp;COEUR MINING, INC. (THE &#8220;PARENT&#8221;)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Dear Sirs/Madams:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>Re:&nbsp;&nbsp;&nbsp;&nbsp;Support and Voting Agreement </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>BACKGROUND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned understands that NEW GOLD INC.
(the &#8220;<B>Company</B>&#8221;), 1561611 B.C. LTD. (the &#8220;<B>Purchaser</B>&#8221;) and the Parent wish to enter into an arrangement
agreement on the date hereof (the &#8220;<B>Arrangement Agreement</B>&#8221;) contemplating the acquisition by the Purchaser of all of
the issued and outstanding common shares in the capital of the Company pursuant to a plan of arrangement under the provisions of the <I>Business
Corporations Act</I> (British Columbia).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Capitalized terms used in this letter agreement
and not otherwise defined herein shall have the respective meanings given to them in the Arrangement Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned is the beneficial owner of,
or exercises control or direction over, [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>] Company Shares, [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>]
<FONT STYLE="color: black">Company RSUs</FONT>, [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>] Company PSUs, [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>]
Company DSUs and [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>] Company Options. The Company Shares, the Company RSUs, the
Company PSUs, the Company DSUs and the Company Options, together with any other securities of the Company directly or indirectly acquired
by or issued to the undersigned during the term of this letter agreement, are collectively referred to herein as the &#8220;<B>Subject
Securities</B>&#8221;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement sets out the terms and
conditions of the agreement of the undersigned, among other things, to (a) vote or cause to be voted in favour of the Arrangement and
any other matter that would reasonably be expected to facilitate the Arrangement any Subject Securities held by the undersigned which
are entitled to be voted , and (b) abide by the restrictions and covenants set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>REPRESENTATIONS, WARRANTIES AND AGREEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">From the date hereof until the earliest of
(a) the Effective Time, (b) the date the Arrangement Agreement is terminated in accordance with its terms, and (c) the completion of the
Company Meeting (the earliest such date, the &#8220;<B>Termination Date</B>&#8221;), the undersigned agrees, in his or her capacity as
securityholder and not in his or her capacity as an officer or director of the Company:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: left">at any meeting of shareholders of the Company to be held to consider the Arrangement (including the Company
Meeting) or any of the other transactions contemplated by the Arrangement Agreement, or any adjournment or postponement thereof or in
any other circumstances upon which a vote, consent or other approval (including by written consent in lieu of a meeting) with respect
to the Arrangement or any of the transactions contemplated by the Arrangement Agreement is sought, to attend (in person or by proxy) and
be counted as present for purposes of establishing quorum and to vote or to cause to be voted (and not withdraw any proxies or change
his or her vote in respect thereof) the Subject Securities entitled to be voted and that are legally or beneficially owned by the</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">undersigned as of the record date for
any such meeting (a) in favour of the approval, consent, ratification and adoption of the Arrangement Resolution and any other matter
necessary for the consummation of the Arrangement, and (b) against any resolution, action, proposal, transaction or agreement proposed
by any other Person, that would reasonably be expected to adversely affect or reduce the likelihood of the successful completion of the
Arrangement, or delay, frustrate or interfere with the completion of the Arrangement;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: left">no later than ten days prior to a meeting where the undersigned is required to vote or cause to be voted
the Subject Securities entitled to be voted in accordance with paragraph 1 hereof, to deliver or to cause to be delivered to the Company
or its transfer agent in accordance with the instructions to be set out in the Company Circular in connection with such meeting, duly
executed proxies or voting instruction forms, as applicable, in respect of all of the Subject Securities required to be voted or caused
to be voted at such meeting (a) instructing the holder thereof to vote (i) in favour of the Arrangement Resolution and any other matter
necessary for the consummation of the Arrangement, and (ii) against any matter that would reasonably be expected to adversely affect or
reduce the likelihood of the successful completion of the Arrangement, or delay, frustrate or interfere with the completion of the Arrangement,
and (b) naming those individuals as may be designated by the Company in the Company Circular in connection with the meeting of shareholders
of the Company at which the Arrangement Resolution will be voted on;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: left">not to (a) grant or agree to grant any proxy, power of attorney or other right to vote the Subject Securities,
except for proxies or voting instructions to vote, or cause to be voted, securities in accordance with this letter agreement or with respect
to any annual business to be considered at the Company Meeting, or (b) enter into any agreement or undertaking (including any voting agreement
or voting trust with respect to the Subject Securities) that is otherwise inconsistent with, or would interfere with, or prohibit or prevent
the undersigned from satisfying, its obligations pursuant to this letter agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: left">not to exercise any rights to dissent or rights of appraisal provided under applicable Law or otherwise
in connection with the Arrangement and not to exercise any shareholder rights or remedies available at common law or pursuant to securities
or corporate Laws to delay or prevent the Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: left">not to make any statements or take any action against the Arrangement or any aspect thereof and to not
bring, or threaten to bring, any suits or proceeding for the purpose of, or which has the effect of, directly or indirectly, frustrating,
stopping, preventing, impeding, delaying or varying the Arrangement; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: left">except as contemplated by the Arrangement Agreement or upon the settlement of awards or other securities
of the Company or the exercise of other rights to purchase Company Shares, including any purchases of Company Shares under any of the
Company Incentive Awards, not to, directly or indirectly (a) sell, transfer, gift, assign, grant a participation interest in, option,
pledge, hypothecate, grant a security or voting interest in or otherwise convey or encumber (each, a &#8220;<B>Transfer</B>&#8221;), or
enter into any agreement, option or other arrangement (including any profit sharing arrangement, forward sale or other monetization arrangement)
with respect to the Transfer of any of its Subject Securities to any Person</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">without Parent&#8217;s prior written
consent, other than pursuant to the Arrangement Agreement; or (b) agree to take any actions described in the foregoing clause (a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Notwithstanding any provision of this letter
agreement to the contrary, the Parent acknowledges and agrees that the undersigned is executing this letter agreement and is bound hereunder
solely in the undersigned&#8217;s capacity as a securityholder of the Company. Without limiting the provisions of the Arrangement Agreement:
(a) nothing contained in this letter agreement shall in any way limit or restrict any actions the undersigned may take in the undersigned&#8217;s
capacity as director or officer of the Company (including exercising rights of the Company or the Company Board under the Arrangement
Agreement), or limit in any way whatsoever the exercise of the undersigned&#8217;s fiduciary duties as director or officer of the Company;
and (b) the undersigned will be entitled to (i) Transfer any Subject Securities (1) to any member of such stockholder&#8217;s immediate
family, or to a trust for the benefit of the undersigned or any member of undersigned&#8217;s immediate family, in each case for the purposes
of estate planning, (2) upon the death of the undersigned, to any member of undersigned&#8217;s immediate family, or to a trust for the
benefit of any member of the undersigned&#8217;s immediate family, (3) to any entity or Person controlled by the undersigned, or (4) pursuant
to an automatic share disposition plan that exists as of the date of this letter agreement, (ii) exercise his or her rights under the
Company Incentive Awards beneficially owned by him or her and (iii) sell or otherwise dispose of Subject Securities to the extent the
proceeds of such sale or disposition are paid towards (or otherwise set-off from) the exercise price and/or tax liability incurred as
a result of the exercise and/or settlement of a Company Incentive Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned hereby represents and warrants
that (a) it is the sole registered and/or beneficial owner of, or exercises control or direction over, the Subject Securities, and the
undersigned has the sole right to vote (in the case of the Subject Securities entitled to be voted) all of the Subject Securities, (b)
except for the Arrangement Agreement and this letter agreement, no person has any agreement or option, or any right or privilege (whether
by law, pre-emptive or contractual) capable of becoming an agreement or option for the purchase, acquisition or transfer from the undersigned
or the applicable holder any of the Subject Securities or any interest therein or right thereto, and (c) the only securities of the Company
beneficially owned or controlled, directly or indirectly, by the undersigned, or over which the undersigned exercises control or direction,
on the date hereof are the Subject Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned acknowledges that the Purchaser
and the Parent are relying on the representations and warranties of the undersigned set forth in this letter agreement in connection with
the Parent&#8217;s execution and delivery of the Arrangement Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned agrees that the details of
this letter agreement may be described in any press release, proxy statement or information circular or other communication prepared by
the Company or the Parent in connection with the Arrangement and in any material change report prepared by the Company or the Parent in
connection with the execution and delivery of this letter agreement, and the undersigned further agrees to this letter agreement being
made publicly available, including by filing on EDGAR and SEDAR+ and by any filings required under Securities Laws (including disclosure
of my identity and the nature of my commitments, arrangements and understandings under this letter agreement and any other information
required by Law), in accordance with Securities Laws.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement shall automatically terminate
and be of no further force or effect upon the Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement shall be governed, including
as to validity, interpretation and effect, by the Laws of the Province of British Columbia and the Laws of Canada applicable therein and
each of the parties hereto hereby irrevocably attorn to the non-exclusive jurisdiction of the courts of the Province of British Columbia
in respect of all matters arising under and in relation to this letter agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement shall be binding upon
the undersigned and the Parent and upon their respective heirs, legal representatives, successors and permitted assigns (as applicable),
provided that neither the undersigned nor the Parent may assign, delegate or otherwise transfer any of its respective rights, interests
or obligations under this letter agreement without the prior written consent of the other.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned acknowledges and agrees that
the Parent would be damaged irreparably in the event any of the provisions of this letter agreement are not performed in accordance with
their specific terms or otherwise are breached or violated. Accordingly, the undersigned agrees that, without posting bond or other undertaking,
the Parent will be entitled to seek an injunction or injunctions to prevent breaches or violations of the provisions of this letter agreement
and to seek to enforce by specific performance this letter agreement and the terms and provisions hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned hereby represents and warrants
that (a) this letter agreement has been duly executed and delivered and is a valid and binding agreement, enforceable against the undersigned
in accordance with its terms, and the performance by the undersigned of its obligations hereunder will not constitute a violation or breach
of, or default under, or conflict with, any contract, commitment, agreement, understanding or arrangement of any kind to which the undersigned
will be a party and by which the undersigned will be bound at the time of such performance, (b) he or she has read this letter agreement
in its entirety, understands it and agrees to be bound by its terms and conditions; (c) he or she has been advised to seek independent
legal advice with respect to the execution and delivery of this letter agreement and has received such advice or has , without undue influence,
elected to waive the benefit of any such advice; and (d) he or she is entering into this letter agreement voluntarily.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement may be executed in any
number of counterparts (including counterparts by facsimile or electronic mail) and all such counterparts taken together shall be deemed
to constitute one and the same instrument. The parties shall be entitled to rely upon delivery of an executed facsimile or similar executed
electronic copy of this letter agreement, and such facsimile or similar executed electronic copy shall be legally effective to create
a valid and binding agreement between the parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">If the foregoing is in accordance with the
Parent&#8217;s understanding and is agreed by the Parent, please signify the Parent&#8217;s acceptance by executing the enclosed copies
of this letter agreement where indicated below by an authorized signatory of the Parent and return the same to the undersigned, upon which
the letter agreement as so accepted shall constitute an agreement among the Parent and the undersigned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>[The remainder of this page is intentionally left
blank; signature page follows.]</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Yours truly,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font-size: 8pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: left">by:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 85%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Signature)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Print Name)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Place of Residency)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Title)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Address:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font-size: 8pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 85%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>Accepted and agreed on November 2, 2025.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font-size: 8pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><B>COEUR MINING, INC.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif">Per:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 85%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 40.5pt; text-indent: -40.5pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="color: navy; font: 8pt Times New Roman, Times, Serif; margin: 1pt 0 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"></P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in">Schedule&nbsp;F<BR>
Form
of Parent Voting Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Please see attached.)</P>



<P STYLE="color: navy; font: 8pt Times New Roman, Times, Serif; margin: 1pt 0 0"></P>

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<P STYLE="font: 8pt Times New Roman, Times, Serif; color: navy; margin: 1pt 0 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">November 2, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>TO:&nbsp;&nbsp;&nbsp;&nbsp;NEW GOLD INC. (THE &#8220;COMPANY&#8221;)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Dear Sirs/Madams:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Support and Voting Agreement </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>BACKGROUND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned understands that COEUR MINING,
INC. (the &#8220;<B>Parent</B>&#8221;), 1561611 B.C. LTD. (the &#8220;<B>Purchaser</B>&#8221;), and the Company wish to enter into an
arrangement agreement on the date hereof (the &#8220;<B>Arrangement Agreement</B>&#8221;) contemplating the acquisition by the Purchaser
of all of the issued and outstanding common shares in the capital of the Company pursuant to a plan of arrangement under the provisions
of the <I>Business Corporations Act</I> (British Columbia). Capitalized terms used in this letter agreement and not otherwise defined
herein shall have the respective meanings given to them in the Arrangement Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned is the beneficial owner of,
or exercises control or direction over, [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>] Parent Shares, [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>]
performance shares of Parent (&#8220;<B>Parent Performance Shares</B>&#8221;), and [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>]
shares of Parent restricted stock <FONT STYLE="color: black">(the &#8220;<B>Parent Restricted Stock</B>&#8221;)</FONT>. The Parent Shares,
the Parent Performance Shares and the Parent Restricted Stock, together with any other securities of the Parent directly or indirectly
acquired by or issued to the undersigned during the term of this letter agreement, are collectively referred to herein as the &#8220;<B>Subject
Securities</B>&#8221;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement sets out the terms and
conditions of the agreement of the undersigned, among other things, to (a) vote or cause to be voted in favour of the Arrangement and
any other matter that would reasonably be expected to facilitate the Arrangement any Subject Securities held by the undersigned which
are entitled to be voted , and (b) abide by the restrictions and covenants set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>REPRESENTATIONS, WARRANTIES AND AGREEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">From the date hereof until the earliest of
(a) the Effective Time, (b) the date the Arrangement Agreement is terminated in accordance with its terms, and (c) the completion of the
Parent Meeting (the earliest such date, the &#8220;<B>Termination Date</B>&#8221;), the undersigned agrees, in his or her capacity as
securityholder and not in his or her capacity as an officer or director of the Parent:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: left">at any meeting of shareholders of the Parent to be held to consider the Parent Stock Issuance and Parent
Charter Amendment (including the Parent Meeting) or any of the other transactions contemplated by the Arrangement Agreement, or any adjournment
or postponement thereof or in any other circumstances upon which a vote, consent or other approval (including by written consent in lieu
of a meeting) with respect to the Parent Stock Issuance and Parent Charter Amendment or any of the transactions contemplated by the Arrangement
Agreement is sought, to attend (in person or by proxy) and be counted as present for purposes of establishing quorum and to vote or to
cause to be voted (and not withdraw any proxies or change his or her vote in respect thereof) the Subject Securities entitled to be voted
and that are legally or beneficially owned by the undersigned as of the record date of any such meeting (a) in favour of the approval,
consent, ratification and</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">adoption of the Parent Stock Issuance,
Parent Charter Amendment and any other matter necessary for the consummation of the Arrangement, and (b) against any resolution, action,
proposal, transaction or agreement proposed by any other Person, that would reasonably be expected to adversely affect or reduce the likelihood
of the successful completion of the Arrangement, or delay, frustrate or interfere with the completion of the Arrangement;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: left">no later than ten days prior to a meeting where the undersigned is required to vote or cause to be voted
the Subject Securities entitled to be voted in accordance with paragraph 1 hereof, to deliver or to cause to be delivered to the Parent
or its transfer agent in accordance with the instructions to be set out in the Parent Proxy Statement in connection with such meeting,
duly executed proxies or voting instruction forms, as applicable, in respect of all of the Subject Securities required to be voted or
caused to be voted at such meeting (a) instructing the holder thereof to vote (i) in favour of the Parent Stock Issuance, the Parent Charter
Amendment and any other matter necessary for the consummation of the Arrangement, and (ii) against any matter that would reasonably be
expected to adversely affect or reduce the likelihood of the successful completion of the Arrangement, or delay, frustrate or interfere
with the completion of the Arrangement, and (b) naming those individuals as may be designated by the Parent in the Parent Proxy Statement
in connection with the meeting of shareholders of the Parent at which the Parent Stock Issuance and Parent Charter Amendment will be voted
on;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: left">not to (a) grant or agree to grant any proxy, power of attorney or other right to vote the Subject Securities,
except for proxies or voting instructions to vote, or cause to be voted, securities in accordance with this letter agreement or with respect
to any annual business to be considered at the Parent Meeting, or (b) enter into any agreement or undertaking (including any voting agreement
or voting trust with respect to the Subject Securities) that is otherwise inconsistent with, or would interfere with, or prohibit or prevent
the undersigned from satisfying, its obligations pursuant to this letter agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left">4.</TD><TD>not to exercise any rights to dissent or rights of appraisal provided
under applicable Law or otherwise in connection with the Arrangement and not to exercise any shareholder rights or remedies available
at common law or pursuant to securities or corporate Laws to delay or prevent the Arrangement;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left">5.</TD><TD>not to make any statements or take any action against the Arrangement
or any aspect thereof and to not bring, or threaten to bring, any suits or proceeding for the purpose of, or which has the effect of,
directly or indirectly, frustrating, stopping, preventing, impeding, delaying or varying the Arrangement; and</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left">6.</TD><TD>except as contemplated by the Arrangement Agreement or upon the
settlement of awards or other securities of the Parent or the exercise of other rights to purchase Parent Shares, including any purchases
of Parent Shares under any of the Parent Incentive Awards, not to, directly or indirectly (a) sell, transfer, gift, assign, grant a participation
interest in, option, pledge, hypothecate, grant a security or voting interest in or otherwise convey or encumber (each, a &#8220;<B>Transfer</B>&#8221;),
or enter into any agreement, option or other arrangement (including any profit sharing arrangement, forward sale or other monetization
arrangement) with respect to the Transfer of any of its Subject Securities to any Person without Company&#8217;s</TD>
</TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">prior written consent, other than pursuant
to the Arrangement Agreement; or (b) agree to take any actions described in the foregoing clause (a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Notwithstanding any provision of this letter
agreement to the contrary, the Company acknowledges and agrees that the undersigned is executing this letter agreement and is bound hereunder
solely in the undersigned&#8217;s capacity as a securityholder of the Parent. Without limiting the provisions of the Arrangement Agreement:
(a) nothing contained in this letter agreement shall in any way limit or restrict any actions the undersigned may take in the undersigned&#8217;s
capacity as director or officer of the Parent (including exercising rights of the Parent or the Parent Board under the Arrangement Agreement),
or limit in any way whatsoever the exercise of the undersigned&#8217;s fiduciary duties as director or officer of the Parent; and (b)
the undersigned will be entitled to (i) Transfer any Subject Securities (1) to any member of such stockholder&#8217;s immediate family,
or to a trust for the benefit of the undersigned or any member of undersigned&#8217;s immediate family, in each case for the purposes
of estate planning, (2) upon the death of the undersigned, to any member of undersigned&#8217;s immediate family, or to a trust for the
benefit of any member of the undersigned&#8217;s immediate family, (3) to any entity or Person controlled by the undersigned, or (4) pursuant
to a trading plan pursuant to Rule 10b5-1 that exists as of the date of this letter agreement, (ii) exercise his or her rights under the
Parent Incentive Awards beneficially owned by him or her and (iii) sell or otherwise dispose of Subject Securities to the extent the proceeds
of such sale or disposition are paid towards (or otherwise set-off from) the exercise price and/or tax liability incurred as a result
of the exercise and/or settlement of a Parent Incentive Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned hereby represents and warrants
that (a) it is the sole registered and/or beneficial owner of, or exercises control or direction over, the Subject Securities, and the
undersigned has the sole right to vote (in the case of the Subject Securities entitled to be voted) all of the Subject Securities, (b)
except for the Arrangement Agreement and this letter agreement, no person has any agreement or option, or any right or privilege (whether
by law, pre-emptive or contractual) capable of becoming an agreement or option for the purchase, acquisition or transfer from the undersigned
or the applicable holder any of the Subject Securities or any interest therein or right thereto, and (c) the only securities of the Parent
beneficially owned or controlled, directly or indirectly, by the undersigned, or over which the undersigned exercises control or direction,
on the date hereof are the Subject Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned acknowledges that the Company
is relying on the representations and warranties of the undersigned set forth in this letter agreement in connection with the Company&#8217;s
execution and delivery of the Arrangement Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned agrees that the details of
this letter agreement may be described in any press release, proxy statement or information circular or other communication prepared by
the Parent or the Company in connection with the Arrangement and in any material change report prepared by the Parent or the Company in
connection with the execution and delivery of this letter agreement and the undersigned further agrees to this letter agreement, being
made publicly available, including by filing on EDGAR and SEDAR+ and by any filings required under Securities Laws (including disclosure
of my identity and the nature of my commitments, arrangements and understandings under this letter agreement and any other information
required by Law), in accordance with Securities Laws.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement shall automatically terminate
and be of no further force or effect upon the Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement shall be governed, including
as to validity, interpretation and effect, by the internal Laws of the State of Delaware without giving effect to the principles of conflicts
of law thereof. Any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection
with, this letter agreement will be brought exclusively in the United States District Court for the District of Delaware or in the Court
of Chancery of the State of Delaware and each of the parties hereto hereby consents to the exclusive jurisdiction of those courts (and
of the appropriate appellate courts therefrom) in any suit, action or proceeding and irrevocably waives, to the fullest extent permitted
by applicable Law, any objection which it may now or hereafter have to the laying of the venue of any suit, action or proceeding in any
of those courts or that any suit, action or proceeding which is brought in any of those courts has been brought in an inconvenient forum.
Process in any suit, action or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction
of any of the named courts. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL RIGHTS TO
TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS
LETTER AGREEMENT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement shall be binding upon
the undersigned and the Company and upon their respective heirs, legal representatives, successors and permitted assigns (as applicable),
provided that neither the undersigned nor the Company may assign, delegate or otherwise transfer any of its respective rights, interests
or obligations under this letter agreement without the prior written consent of the other.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned acknowledges and agrees that
the Company would be damaged irreparably in the event any of the provisions of this letter agreement are not performed in accordance with
their specific terms or otherwise are breached or violated. Accordingly, the undersigned agrees that, without posting bond or other undertaking,
the Company will be entitled to seek an injunction or injunctions to prevent breaches or violations of the provisions of this letter agreement
and to seek to enforce by specific performance this letter agreement and the terms and provisions hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned hereby represents and warrants
that (a) this letter agreement has been duly executed and delivered and is a valid and binding agreement, enforceable against the undersigned
in accordance with its terms, and the performance by the undersigned of its obligations hereunder will not constitute a violation or breach
of, or default under, or conflict with, any contract, commitment, agreement, understanding or arrangement of any kind to which the undersigned
will be a party and by which the undersigned will be bound at the time of such performance, (b) he or she has read this letter agreement
in its entirety, understands it and agrees to be bound by its terms and conditions; (c) he or she has been advised to seek independent
legal advice with respect to the execution and delivery of this letter agreement and has received such advice or has , without undue influence,
elected to waive the benefit of any such advice; and (d) he or she is entering into this letter agreement voluntarily.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement may be executed in any
number of counterparts (including counterparts by facsimile or electronic mail) and all such counterparts taken together shall be deemed
to constitute one and the same instrument. The parties shall be entitled to rely upon delivery of an executed</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">facsimile or similar executed electronic copy
of this letter agreement, and such facsimile or similar executed electronic copy shall be legally effective to create a valid and binding
agreement between the parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">If the foregoing is in accordance with the
Company&#8217;s understanding and is agreed by the Company, please signify the Company&#8217;s acceptance by executing the enclosed copies
of this letter agreement where indicated below by an authorized signatory of the Company and return the same to the undersigned, upon
which the letter agreement as so accepted shall constitute an agreement among the Company and the undersigned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>[The remainder of this page is intentionally left
blank; signature page follows.]</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Yours truly,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Signature)</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
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    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Print Name)</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Place of Residency)</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Title)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Address:</P>

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  <TR STYLE="vertical-align: top">
    <TD>
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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>Accepted and agreed on November 2, 2025.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

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    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><B>NEW GOLD INC.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 15%">Per:</TD>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 40.5pt; text-indent: -40.5pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  </TABLE>
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<P STYLE="font: 8pt Times New Roman, Times, Serif; color: navy; margin: 1pt 0 0">&nbsp;</P>

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<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>eh250704419_ex9903.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>EXHIBIT 99.3</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">November 2, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>TO:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COEUR MINING, INC. (THE &#8220;PARENT&#8221;)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Dear Sirs/Madams:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Support and Voting Agreement </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>BACKGROUND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned understands that NEW GOLD INC.
(the &#8220;<B>Company</B>&#8221;), 1561611 B.C. LTD. (the &#8220;<B>Purchaser</B>&#8221;) and the Parent wish to enter into an arrangement
agreement on the date hereof (the &#8220;<B>Arrangement Agreement</B>&#8221;) contemplating the acquisition by the Purchaser of all of
the issued and outstanding common shares in the capital of the Company pursuant to a plan of arrangement under the provisions of the <I>Business
Corporations Act</I> (British Columbia).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Capitalized terms used in this letter agreement
and not otherwise defined herein shall have the respective meanings given to them in the Arrangement Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned is the beneficial owner of,
or exercises control or direction over, [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>] Company Shares, [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>]
<FONT STYLE="color: black">Company RSUs</FONT>, [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>] Company PSUs, [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>]
Company DSUs and [<FONT STYLE="font-family: Wingdings; color: black">l</FONT>] Company Options. The Company Shares, the Company RSUs, the
Company PSUs, the Company DSUs and the Company Options, together with any other securities of the Company directly or indirectly acquired
by or issued to the undersigned during the term of this letter agreement, are collectively referred to herein as the &#8220;<B>Subject
Securities</B>&#8221;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement sets out the terms and
conditions of the agreement of the undersigned, among other things, to (a) vote or cause to be voted in favour of the Arrangement and
any other matter that would reasonably be expected to facilitate the Arrangement any Subject Securities held by the undersigned which
are entitled to be voted , and (b) abide by the restrictions and covenants set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>REPRESENTATIONS, WARRANTIES AND AGREEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">From the date hereof until the earliest of
(a) the Effective Time, (b) the date the Arrangement Agreement is terminated in accordance with its terms, and (c) the completion of the
Company Meeting (the earliest such date, the &#8220;<B>Termination Date</B>&#8221;), the undersigned agrees, in his or her capacity as
securityholder and not in his or her capacity as an officer or director of the Company:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: left">at any meeting of shareholders of the Company to be held to consider the Arrangement (including the Company
Meeting) or any of the other transactions contemplated by the Arrangement Agreement, or any adjournment or postponement thereof or in
any other circumstances upon which a vote, consent or other approval (including by written consent in lieu of a meeting) with respect
to the Arrangement or any of the transactions contemplated by the Arrangement Agreement is sought, to attend (in person or by proxy) and
be counted as present for purposes of establishing quorum and to vote or to cause to be voted (and not withdraw any proxies or change
his or her vote in respect thereof) the Subject Securities entitled to be voted and that are legally or beneficially owned by the</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">undersigned as of the record date for
any such meeting (a) in favour of the approval, consent, ratification and adoption of the Arrangement Resolution and any other matter
necessary for the consummation of the Arrangement, and (b) against any resolution, action, proposal, transaction or agreement proposed
by any other Person, that would reasonably be expected to adversely affect or reduce the likelihood of the successful completion of the
Arrangement, or delay, frustrate or interfere with the completion of the Arrangement;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: left">no later than ten days prior to a meeting where the undersigned is required to vote or cause to be voted
the Subject Securities entitled to be voted in accordance with paragraph 1 hereof, to deliver or to cause to be delivered to the Company
or its transfer agent in accordance with the instructions to be set out in the Company Circular in connection with such meeting, duly
executed proxies or voting instruction forms, as applicable, in respect of all of the Subject Securities required to be voted or caused
to be voted at such meeting (a) instructing the holder thereof to vote (i) in favour of the Arrangement Resolution and any other matter
necessary for the consummation of the Arrangement, and (ii) against any matter that would reasonably be expected to adversely affect or
reduce the likelihood of the successful completion of the Arrangement, or delay, frustrate or interfere with the completion of the Arrangement,
and (b) naming those individuals as may be designated by the Company in the Company Circular in connection with the meeting of shareholders
of the Company at which the Arrangement Resolution will be voted on;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: left">not to (a) grant or agree to grant any proxy, power of attorney or other right to vote the Subject Securities,
except for proxies or voting instructions to vote, or cause to be voted, securities in accordance with this letter agreement or with respect
to any annual business to be considered at the Company Meeting, or (b) enter into any agreement or undertaking (including any voting agreement
or voting trust with respect to the Subject Securities) that is otherwise inconsistent with, or would interfere with, or prohibit or prevent
the undersigned from satisfying, its obligations pursuant to this letter agreement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: left">not to exercise any rights to dissent or rights of appraisal provided under applicable Law or otherwise
in connection with the Arrangement and not to exercise any shareholder rights or remedies available at common law or pursuant to securities
or corporate Laws to delay or prevent the Arrangement;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: left">not to make any statements or take any action against the Arrangement or any aspect thereof and to not
bring, or threaten to bring, any suits or proceeding for the purpose of, or which has the effect of, directly or indirectly, frustrating,
stopping, preventing, impeding, delaying or varying the Arrangement; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: left">except as contemplated by the Arrangement Agreement or upon the settlement of awards or other securities
of the Company or the exercise of other rights to purchase Company Shares, including any purchases of Company Shares under any of the
Company Incentive Awards, not to, directly or indirectly (a) sell, transfer, gift, assign, grant a participation interest in, option,
pledge, hypothecate, grant a security or voting interest in or otherwise convey or encumber (each, a &#8220;<B>Transfer</B>&#8221;), or
enter into any agreement, option or other arrangement (including any profit sharing arrangement, forward sale or other monetization arrangement)
with respect to the Transfer of any of its Subject Securities to any Person</TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: left">without Parent&#8217;s prior written
consent, other than pursuant to the Arrangement Agreement; or (b) agree to take any actions described in the foregoing clause (a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Notwithstanding any provision of this letter
agreement to the contrary, the Parent acknowledges and agrees that the undersigned is executing this letter agreement and is bound hereunder
solely in the undersigned&#8217;s capacity as a securityholder of the Company. Without limiting the provisions of the Arrangement Agreement:
(a) nothing contained in this letter agreement shall in any way limit or restrict any actions the undersigned may take in the undersigned&#8217;s
capacity as director or officer of the Company (including exercising rights of the Company or the Company Board under the Arrangement
Agreement), or limit in any way whatsoever the exercise of the undersigned&#8217;s fiduciary duties as director or officer of the Company;
and (b) the undersigned will be entitled to (i) Transfer any Subject Securities (1) to any member of such stockholder&#8217;s immediate
family, or to a trust for the benefit of the undersigned or any member of undersigned&#8217;s immediate family, in each case for the purposes
of estate planning, (2) upon the death of the undersigned, to any member of undersigned&#8217;s immediate family, or to a trust for the
benefit of any member of the undersigned&#8217;s immediate family, (3) to any entity or Person controlled by the undersigned, or (4) pursuant
to an automatic share disposition plan that exists as of the date of this letter agreement, (ii) exercise his or her rights under the
Company Incentive Awards beneficially owned by him or her and (iii) sell or otherwise dispose of Subject Securities to the extent the
proceeds of such sale or disposition are paid towards (or otherwise set-off from) the exercise price and/or tax liability incurred as
a result of the exercise and/or settlement of a Company Incentive Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned hereby represents and warrants
that (a) it is the sole registered and/or beneficial owner of, or exercises control or direction over, the Subject Securities, and the
undersigned has the sole right to vote (in the case of the Subject Securities entitled to be voted) all of the Subject Securities, (b)
except for the Arrangement Agreement and this letter agreement, no person has any agreement or option, or any right or privilege (whether
by law, pre-emptive or contractual) capable of becoming an agreement or option for the purchase, acquisition or transfer from the undersigned
or the applicable holder any of the Subject Securities or any interest therein or right thereto, and (c) the only securities of the Company
beneficially owned or controlled, directly or indirectly, by the undersigned, or over which the undersigned exercises control or direction,
on the date hereof are the Subject Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned acknowledges that the Purchaser
and the Parent are relying on the representations and warranties of the undersigned set forth in this letter agreement in connection with
the Parent&#8217;s execution and delivery of the Arrangement Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned agrees that the details of
this letter agreement may be described in any press release, proxy statement or information circular or other communication prepared by
the Company or the Parent in connection with the Arrangement and in any material change report prepared by the Company or the Parent in
connection with the execution and delivery of this letter agreement, and the undersigned further agrees to this letter agreement being
made publicly available, including by filing on EDGAR and SEDAR+ and by any filings required under Securities Laws (including disclosure
of my identity and the nature of my commitments, arrangements and understandings under this letter agreement and any other information
required by Law), in accordance with Securities Laws.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement shall automatically terminate
and be of no further force or effect upon the Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement shall be governed, including
as to validity, interpretation and effect, by the Laws of the Province of British Columbia and the Laws of Canada applicable therein and
each of the parties hereto hereby irrevocably attorn to the non-exclusive jurisdiction of the courts of the Province of British Columbia
in respect of all matters arising under and in relation to this letter agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement shall be binding upon
the undersigned and the Parent and upon their respective heirs, legal representatives, successors and permitted assigns (as applicable),
provided that neither the undersigned nor the Parent may assign, delegate or otherwise transfer any of its respective rights, interests
or obligations under this letter agreement without the prior written consent of the other.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned acknowledges and agrees that
the Parent would be damaged irreparably in the event any of the provisions of this letter agreement are not performed in accordance with
their specific terms or otherwise are breached or violated. Accordingly, the undersigned agrees that, without posting bond or other undertaking,
the Parent will be entitled to seek an injunction or injunctions to prevent breaches or violations of the provisions of this letter agreement
and to seek to enforce by specific performance this letter agreement and the terms and provisions hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">The undersigned hereby represents and warrants
that (a) this letter agreement has been duly executed and delivered and is a valid and binding agreement, enforceable against the undersigned
in accordance with its terms, and the performance by the undersigned of its obligations hereunder will not constitute a violation or breach
of, or default under, or conflict with, any contract, commitment, agreement, understanding or arrangement of any kind to which the undersigned
will be a party and by which the undersigned will be bound at the time of such performance, (b) he or she has read this letter agreement
in its entirety, understands it and agrees to be bound by its terms and conditions; (c) he or she has been advised to seek independent
legal advice with respect to the execution and delivery of this letter agreement and has received such advice or has , without undue influence,
elected to waive the benefit of any such advice; and (d) he or she is entering into this letter agreement voluntarily.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">This letter agreement may be executed in any
number of counterparts (including counterparts by facsimile or electronic mail) and all such counterparts taken together shall be deemed
to constitute one and the same instrument. The parties shall be entitled to rely upon delivery of an executed facsimile or similar executed
electronic copy of this letter agreement, and such facsimile or similar executed electronic copy shall be legally effective to create
a valid and binding agreement between the parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">If the foregoing is in accordance with the
Parent&#8217;s understanding and is agreed by the Parent, please signify the Parent&#8217;s acceptance by executing the enclosed copies
of this letter agreement where indicated below by an authorized signatory of the Parent and return the same to the undersigned, upon which
the letter agreement as so accepted shall constitute an agreement among the Parent and the undersigned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>[The remainder of this page is intentionally left
blank; signature page follows.]</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Yours truly,</P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font-size: 8pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: left">by:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 85%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Signature)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Print Name)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Place of Residency)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">(Title)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Address:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font-size: 8pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 85%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>Accepted and agreed on November 2, 2025.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font-size: 8pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><B>COEUR MINING, INC.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 15%">Per:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 85%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 40.5pt; text-indent: -40.5pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; color: navy; margin: 1pt 0 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 1pt 0 0; color: navy"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><B><I><U>SEDAR+ Filing Copy</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New Gold Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Support and Voting Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The attached form of support and voting agreement has been entered
into in connection with the Arrangement Agreement dated November 2, 2025 between New Gold Inc., Coeur Mining, Inc. (&ldquo;<B>Coeur</B>&rdquo;)
and 1561611 B.C. Ltd. (the &ldquo;<B>Arrangement Agreement</B>&rdquo;) by Coeur and each of the following Company Shareholders (as defined
in the Arrangement Agreement):</P>

<TABLE CELLSPACING="0" CELLPADDING="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #2D3B4A">
    <TD STYLE="width: 30%; border: Black 1pt solid; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">Company
    Shareholder</FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">Company
    Shares</FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">Company
    RSUs</FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">Company
    PSUs</FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">Company
    Options</FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White">Company
    DSUs</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Patrick Godin</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">290,050</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">806,298</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2,090,474</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Keith Murphy</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">64,132</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">179,109</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">387,314</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">61,220</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Ankit Shah</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">204,094</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">256,775</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">657,836</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sean Keating</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">171,052</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">197,472</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">521,452</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">114,189</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Paul Melling</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">9,452</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">69,468</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">174,736</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">26,910</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Luke Buchanan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">178,387</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">420,978</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Dan Sharkey</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">53,398</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">80,097</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Travis Murphy</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">42,372</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">63,559</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Jean-Fran&ccedil;ois Ravenelle</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">114,035</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">311,969</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Richard O&rsquo;Brien</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">131,960</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Thomas McCulley</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">258,885</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Nicholas Chirekos</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">416,059</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Gillian Davidson</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">610,933</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Marilyn Schonberner</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">564,881</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Ross Bhappu</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">35,079</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sophie Bergeron</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">32,829</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">&nbsp;</P>

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