<SEC-DOCUMENT>0001062993-24-018986.txt : 20241113
<SEC-HEADER>0001062993-24-018986.hdr.sgml : 20241113
<ACCEPTANCE-DATETIME>20241113131331
ACCESSION NUMBER:		0001062993-24-018986
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20241108
FILED AS OF DATE:		20241113
DATE AS OF CHANGE:		20241113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Integra Resources Corp.
		CENTRAL INDEX KEY:			0001722387
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39372
		FILM NUMBER:		241452870

	BUSINESS ADDRESS:	
		STREET 1:		1050 - 400 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3A6
		BUSINESS PHONE:		(778) 873-8190

	MAIL ADDRESS:	
		STREET 1:		1050 - 400 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3A6
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html>

<head>
    <title>Integra Resources Corp.: Form 6-K - Filed by newsfilecorp.com</title>
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<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="margin-bottom: 0pt; text-align: center;"><b><font style="font-size: 18pt;">UNITED STATES</font></b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b><font style="font-size: 18pt;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
    <p style="margin-top: 0pt; text-align: center;">Washington, D.C. 20549</p>
    <p style="text-align: center;"><font style="font-size: 18pt;"><b>Form 6-K</b></font></p>
    <p style="text-align: center;"><b>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER THE<br>SECURITIES EXCHANGE ACT OF 1934</b></p>
    <p style="text-align: center;">For the month of <b><u>November 2024</u>.</b></p>
    <p style="text-align: center;">Commission File Number <u><b>001-39372</b></u></p>
    <p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 18pt;"><u><b>INTEGRA RESOURCES CORP.</b></u></font></p>
    <p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt;">(Exact Name of Registrant as Specified in Charter)</p>
    <br>
    <p style="margin-bottom: 0pt; text-align: center; margin-top: 0pt;"><b>1050-400 Burrard Street</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Vancouver, British Columbia V6C 3A6 </b></p>
    <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt;"><u><b>Canada</b></u></p>
    <p style="text-align: center; margin-top: 0pt; margin-bottom: 0pt;">(Address of principal executive office)</p>
    <p style="text-align: justify;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F</p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 84pt;">Form 20-F<font style="display: inline-block; width: 10pt;">&#160;</font>&#9746;<font style="display: inline-block; width: 30pt;">&#160;</font>Form 40-F<font style="display: inline-block; width: 10pt;">&#160;</font>&#9744;</p>
    <p style="text-align: justify;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&#160; &#9744;&#160; &#160; &#160; &#160; &#160; &#160; &#160;</p>
    <p style="text-align: justify; margin-left: 10pt;"><b>Note:</b>&#160; Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</p>
    <p style="text-align: justify;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&#160; &#160; &#9744;&#160; &#160; &#160; &#160; &#160; &#160;</p>
    <p style="text-align: justify; margin-left: 10pt;"><b>Note:</b> Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <p style="text-align: center;"><b>SIGNATURE</b></p>
    <p style="text-align: justify;">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>
    <table style="font-size: 10pt; border-collapse: collapse; width: 100%;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 50%;">&#160;</td>
            <td><b>Integra Resources Corp.</b></td>
        </tr>
        <tr>
            <td style="width: 50%;">&#160;</td>
            <td>&#160;</td>
        </tr>
        <tr>
            <td style="width: 50%;">&#160;</td>
            <td><u>/s/ Andree St-Germain</u><u> &#160; &#160; &#160; </u></td>
        </tr>
        <tr>
            <td style="width: 50%;">Date:&#160; November 13, 2024</td>
            <td>Andree St-Germain</td>
        </tr>
        <tr>
            <td style="width: 50%;">&#160;</td>
            <td>Chief Financial Officer</td>
        </tr>
    </table>
    <br>
    <div id="footer_page_2">
        <p style="text-align: center;">-2-</p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <p style="text-align: center;"><b>INDEX TO EXHIBITS</b></p>
    <table style="border-collapse: collapse; font-size: 10pt; width: 100%;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="margin-bottom: 0pt; background-color: #eeeeee;"><a href="exhibit99-1.htm">99.1</a></td>
            <td style="margin-bottom: 0pt; text-align: justify; width: 90%; background-color: #eeeeee;"><a href="exhibit99-1.htm">Fifth Supplemental Credit Agreement dated November 8, 2024</a></td>
        </tr>
    </table>
    <br>
    <div id="footer_page_3">
        <p style="text-align: center;">-3-</p>
    </div>
    <hr width="100%" size="5" color="black" noshade="noshade">
</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>

<head>
    <title>Integra Resources Corp.: Exhibit 99.1 - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="text-align: center;"><b>FIFTH SUPPLEMENTAL CREDIT AGREEMENT</b></p>
    <p style="text-indent: 36pt; text-align: justify;"><b>THIS FIFTH SUPPLEMENTAL CREDIT AGREEMENT</b> (this "<b>Agreement</b>") is made effective as of November 8, 2024</p>
    <p style="text-align: justify;">BETWEEN:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>INTEGRA RESOURCES CORP.</b></u>, a British Columbia corporation</p>
    <p style="margin-left: 36pt; text-align: justify;">(the "<b>Borrower</b>")</p>
    <p style="text-align: justify;">AND:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>INTEGRA RESOURCES HOLDINGS CANADA INC.</b></u>, a British Columbia corporation</p>
    <p style="margin-left: 36pt; text-align: justify;">("<b>Integra Holdings Canada</b>")</p>
    <p style="text-align: justify;">AND:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>INTEGRA HOLDINGS U.S. INC.</b></u>, a Nevada corporation</p>
    <p style="margin-left: 36pt; text-align: justify;">("<b>Integra Holdings US</b>")</p>
    <p style="text-align: justify;">AND:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>DELAMAR MINING COMPANY</b></u>, an Oregon corporation</p>
    <p style="margin-left: 36pt; text-align: justify;">("<b>DeLamar</b>")</p>
    <p style="text-align: justify;">AND:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>MILLENNIAL PRECIOUS METALS CORP.</b></u>, a British Columbia corporation</p>
    <p style="margin-left: 36pt; text-align: justify;">("<b>Millennial</b>")</p>
    <p style="text-align: justify;">AND:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>MILLENNIAL SILVER CORP.</b></u>, a corporation subsisting under the federal laws of Canada and extra-provincially registered in Ontario</p>
    <p style="margin-left: 36pt; text-align: justify;">("<b>Millennial Silver</b>")</p>
    <p style="text-align: justify;">AND:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>MILLENNIAL SILVER NEVADA INC.</b></u>, a Nevada corporation</p>
    <p style="margin-left: 36pt; text-align: justify;">("<b>Silver NV</b>")</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <div id="header_page_2">
        <p style="text-align: center;">2</p>
    </div>
    <p style="text-align: justify;">AND:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>MILLENNIAL NV LLC</b></u>, a Nevada limited liability company</p>
    <p style="margin-left: 36pt; text-align: justify;">("<b>Millennial NV</b>")</p>
    <p style="text-align: justify;">AND:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>MILLENNIAL RED CANYON LLC.</b></u>, a Nevada limited liability company</p>
    <p style="margin-left: 36pt; text-align: justify;">("<b>Red Canyon</b>")</p>
    <p style="text-align: justify;">AND:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>MILLENNIAL DEVELOPMENT LLC</b></u>, a Nevada limited liability company</p>
    <p style="margin-left: 36pt; text-align: justify;">("<b>Development</b>")</p>
    <p style="text-align: justify;">AND:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>MILLENNIAL ARIZONA LLC</b></u>, an Arizona limited liability company</p>
    <p style="margin-left: 36pt; text-align: justify;">("<b>Millennial AZ</b>", and together with Integra Holdings Canada, Integra Holdings US, DeLamar, Millennial, Millennial Silver, Silver NV, Millennial NV, Red Canyon and Development, the "<b>Corporate Guarantors</b>")</p>
    <p style="text-align: justify;">AND:</p>
    <p style="margin-left: 36pt; text-align: justify;"><u><b>BEEDIE INVESTMENTS LTD.</b></u></p>
    <p style="margin-left: 36pt; text-align: justify;">(the "<b>Lender</b>")</p>
    <p style="text-align: justify;">WHEREAS:</p>
    <p style="text-align: justify;">A.<font style="width: 26.55pt; display: inline-block;">&#160;</font>The Borrower, the Corporate Guarantors (collectively, the "<b>Loan Parties</b>") and the Lender are parties to a credit agreement dated as of July 28, 2022, as amended by a first supplemental credit agreement dated as of February 26, 2023, a second supplemental credit agreement dated as of May 4, 2023, a third supplemental agreement dated as of February 20, 2024, and a fourth supplemental agreement dated as of July 28, 2024 (as amended, the "<b>Credit Agreement</b>") which establishes a non-revolving convertible term loan in favour of the Borrower of up to the principal amount of US$20,000,000 (the "<b>Loan</b>");</p>
    <p style="text-align: justify;">B.<font style="width: 26.55pt; display: inline-block;">&#160;</font>The Initial Advance in the principal amount of US$10,000,000 was made by the Lender to the Borrower on the Closing Date;</p>
    <p style="text-align: justify;">C.<font style="width: 26pt; display: inline-block;">&#160;</font>The Second Advance in the principal amount of US$5,000,000 is scheduled for November 8, 2024; and</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <div id="header_page_3">
        <p style="text-align: center;">3</p>
    </div>
    <p style="text-align: justify;">D.<font style="width: 26pt; display: inline-block;">&#160;</font>In order to facilitate the FCGI Acquisition (as defined in the Credit Agreement) a revision to the definition of Permitted Funded Debt under the Credit Agreement is required and the Lender has agreed to revise the definition of Permitted Funded Debt pursuant to the terms herein.</p>
    <p style="text-indent: 36pt; text-align: justify;">WITNESSES THAT in consideration of the premises and of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows:</p>
    <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify;"><font style="color: #010000;"><b>1.0</b></font><font style="width: 23pt; text-indent: 0pt; display: inline-block;">&#160;</font><u><b>INTERPRETATION</b></u></p>
    <p style="text-align: justify;"><font style="color: #010000;">1.1</font><font style="width: 23pt; display: inline-block;">&#160;</font><u>Defined Terms</u></p>
    <p style="text-indent: 36pt; text-align: justify;">Unless otherwise defined herein, capitalized terms used in this Agreement shall have the meanings given to them in the Credit Agreement, as amended by Section 3.0 of this Agreement (the "<b>Amended Credit Agreement</b>").&#160;</p>
    <p style="text-align: justify;"><font style="color: #010000;">1.2</font><font style="width: 23pt; display: inline-block;">&#160;</font><u>Gender and Number</u></p>
    <p style="text-indent: 36pt; text-align: justify;">In this Agreement, words importing the singular include the plural and vice versa; and words importing gender include all genders.</p>
    <p style="text-align: justify;"><font style="color: #010000;">1.3</font><font style="width: 23pt; display: inline-block;">&#160;</font><u>Section Headings</u></p>
    <p style="text-indent: 36pt; text-align: justify;">The insertion of headings and the division of this Agreement into Sections are for the convenience of reference only and shall not affect the interpretation hereof.</p>
    <p style="text-align: justify;"><font style="color: #010000;">1.4</font><font style="width: 23pt; display: inline-block;">&#160;</font><u>Entire Agreement</u></p>
    <p style="text-indent: 36pt; text-align: justify;">The Amended Credit Agreement constitutes the entire agreement between the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties hereto pertaining to the subject matter hereof, and there are no warranties, representations or other agreements between the parties hereto in connection with the subject matter hereof except as specifically set forth herein and in the Amended Credit Agreement.&#160;</p>
    <p style="text-align: justify;"><font style="color: #010000;">1.5</font><font style="width: 23pt; display: inline-block;">&#160;</font><u>Limited Waiver</u></p>
    <p style="text-indent: 36pt; text-align: justify;">No waiver of any of the provisions of this Agreement or the Credit Agreement shall be deemed or shall constitute a waiver of any other provisions (whether or not similar) nor shall such waiver constitute a continuing waiver unless otherwise expressly provided.</p>
    <p style="text-align: justify;"><font style="color: #010000;">1.6</font><font style="width: 23pt; display: inline-block;">&#160;</font><u>Severability of Provisions</u></p>
    <p style="text-indent: 36pt; text-align: justify;">The invalidity or unenforceability of any provision of this Agreement herein contained shall not affect the validity or enforceability of any other provision hereof or herein contained and any such invalid provision or covenant shall be deemed to be severable.</p>
    <p style="text-align: justify;"><font style="color: #010000;">1.7</font><font style="width: 23pt; display: inline-block;">&#160;</font><u>Currency References</u></p>
    <p style="text-indent: 36pt; text-align: justify;">All currency amounts referred to in this Agreement are in US Dollars unless otherwise indicated.</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_4"></a>
    <div id="header_page_4">
        <p style="text-align: center;">4</p>
    </div>
    <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify;"><font style="color: #010000;"><b>2.0</b></font><font style="width: 23pt; text-indent: 0pt; display: inline-block;">&#160;</font><u><b>ACKNOWLEDGMENTS</b></u></p>
    <p style="text-align: justify;"><font style="color: #010000;">2.1</font><font style="width: 23pt; display: inline-block;">&#160;</font><u>Truth of Recitals</u></p>
    <p style="text-indent: 36pt; text-align: justify;">The Loan Parties confirm the accuracy of the facts and matters set out in the Recitals hereto and agree that the same shall be contractual and not a mere recital and that the same will form an integral part hereof.</p>
    <p style="text-align: justify;"><font style="color: #010000;">2.2</font><font style="width: 23pt; display: inline-block;">&#160;</font><u>Indebtedness</u></p>
    <p style="text-indent: 36pt; text-align: justify;">The Loan Parties acknowledge and agree that the Borrower is currently indebted to the Lender under the Credit Agreement in the principal amount of US$15,000,000 with respect to the Initial Advance and the Second Advance plus interest and costs (together with all other outstanding Obligations of the Loan Parties under the Credit Agreement and the other Loan Documents, the "<b>Outstanding Obligations</b>").</p>
    <p style="text-align: justify;"><font style="color: #010000;">2.3</font><font style="width: 23pt; display: inline-block;">&#160;</font><u>Acknowledgments</u></p>
    <p style="margin-left: 72pt; text-indent: -36pt; text-align: justify;"><font style="color: #010000;">(a)</font><font style="width: 24.28pt; text-indent: 0pt; display: inline-block;">&#160;</font>The Loan Parties acknowledge and agree with the Lender that the Outstanding Obligations are owing to the Lender without abatement or setoff of any kind; and</p>
    <p style="margin-left: 72pt; text-indent: -36pt; text-align: justify;"><font style="color: #010000;">(b)</font><font style="width: 23.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>Each Loan Party acknowledges and agrees that the Security to which it is a party is valid and enforceable in accordance with its terms and is not released, or amended or merged in any manner as a result of the execution and delivery of this Agreement and the amendments to the Credit Agreement effected hereby and remains in full force and effect following the execution and delivery of this Agreement for the benefit of the Lender as security for its Outstanding Obligations.</p>
    <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify;"><font style="color: #010000;"><b>3.0</b></font><font style="width: 23pt; text-indent: 0pt; display: inline-block;">&#160;</font><u><b>AMENDMENTS TO CREDIT AGREEMENT </b></u></p>
    <p style="text-indent: 36pt; text-align: justify;">Effective as of the date of completion of the FCGI Acquisition, the Credit Agreement shall be deemed to be amended asset out below:</p>
    <p style="margin-left: 72pt; text-indent: -36pt; text-align: justify;"><font style="color: #010000;">(a)</font><font style="width: 24.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>by deleting the definition of "<b>Permitted Funded Debt</b>" in Section 1.1 and substituting the following therefor:</p>
    <p style="margin-left: 72pt; text-align: justify;">"<b>Permitted Funded Debt</b>" means, without duplication:</p>
    <p style="margin-left: 108pt; text-indent: -36pt; text-align: justify;">(a)<font style="width: 24.28pt; text-indent: 0pt; display: inline-block;">&#160;</font>the Obligations;</p>
    <p style="margin-left: 108pt; text-indent: -36pt; text-align: justify;">(b)<font style="width: 23.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>debt secured by Purchase Money Security Interests or represented by Capital Leases not to exceed in the aggregate $15,000,000 ($1,000,000 in the case of Purchase Money Security Interests and Capital Leases that do not relate to the Florida Canyon Mine), excluding any office and accommodation lease balances not to exceed $1,500,000 in the aggregate, provided that Purchase Money Security Obligations and Capital Leases for Florida Canyon Mining Inc. ("<b>FCMI</b>") and the Florida Canyon Mine shall be non-recourse to the Borrower and other Loan Parties apart from FCMI save and except for Purchase Money Obligations and Capital Leases owed to Caterpillar Financial Services Corporation of up to $13,000,000 relating to the Florida Canyon Mine which may be recourse to the Borrower on an unsecured basis;</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_5"></a>
    <div id="header_page_5">
        <p style="text-align: center;">5</p>
    </div>
    <p style="margin-left: 108pt; text-indent: -36pt; text-align: justify;">(c)<font style="width: 24.84pt; text-indent: 0pt; display: inline-block;">&#160;</font>Permitted Intercompany Loans;</p>
    <p style="margin-left: 108pt; text-indent: -36pt; text-align: justify;">(d)<font style="width: 24.28pt; text-indent: 0pt; display: inline-block;">&#160;</font>Other Subordinated Obligations not to exceed in the aggregate $500,000;</p>
    <p style="margin-left: 108pt; text-indent: -36pt; text-align: justify;">(e)<font style="width: 25.28pt; text-indent: 0pt; display: inline-block;">&#160;</font>indebtedness comprised of amounts owed to trade creditors and accruals in the ordinary course of business, which are either not overdue or, if disputed and in that case whether or not overdue, are being contested in good faith by such Loan Party by appropriate proceedings diligently conducted, and provided always that the failure to pay such Indebtedness could not be expected to result in a Material Adverse Effect;</p>
    <p style="margin-left: 108pt; text-indent: -36pt; text-align: justify;">(f)<font style="width: 26.06pt; text-indent: 0pt; display: inline-block;">&#160;</font>indebtedness associated with all Existing Royalty Agreements and with any future royalty obligations approved by the Lender in its sole discretion;</p>
    <p style="margin-left: 108pt; text-indent: -36pt; text-align: justify;">(g)<font style="width: 24.28pt; text-indent: 0pt; display: inline-block;">&#160;</font>any indebtedness in respect of reclamation or other bonding obligations required by Applicable Law; and</p>
    <p style="margin-left: 108pt; text-indent: -36pt; text-align: justify;">(h)<font style="width: 24.28pt; text-indent: 0pt; display: inline-block;">&#160;</font>other unsecured indebtedness not to exceed $500,000.</p>
    <p style="margin-left: 36pt; text-indent: -36pt; text-align: justify;"><font style="color: #010000;"><b>4.0</b></font><font style="width: 23pt; text-indent: 0pt; display: inline-block;">&#160;</font><u><b>REPRESENTATIONS, WARRANTIES AND COVENANTS</b></u></p>
    <p style="text-indent: 36pt; text-align: justify;">The Borrower agrees with and confirms to the Lender that as of the date hereof, each of the representations and warranties contained in Section 7.1 of the Amended Credit Agreement is true and accurate in all material respects, except to the extent that they relate to an earlier date, in which case they are true and correct as of such date.&#160; Further, the Borrower hereby represents, warrants and covenants to the Lender that:</p>
    <p style="margin-left: 72pt; text-indent: -36pt; text-align: justify;">(a)<font style="width: 24.28pt; text-indent: 0pt; display: inline-block;">&#160;</font>no Default or Event of Default has occurred and is continuing;</p>
    <p style="margin-left: 72pt; text-indent: -36pt; text-align: justify;">(b)<font style="width: 23.78pt; text-indent: 0pt; display: inline-block;">&#160;</font>the execution and delivery of this Agreement, the amendments to the Credit Agreement contemplated herein (i) are within its powers; (ii) do not require any consent or approval of the Exchange; (iii) have been duly authorized by all necessary corporate action; (iv) have received all necessary authorizations of Governmental Authorities (if any required); and (v) do not and will not contravene or conflict with any provision of its constating documents or by-laws or of any Applicable Laws or any material agreement, judgment, license, order or permit applicable to or binding upon the Loan Parties; and</p>
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    <p style="text-indent: 36pt; text-align: justify;">The Loan Parties will from time to time forthwith at the Lender's request and at the Borrower's own cost and expense make, execute and deliver, or cause to be done, made, executed and delivered, all such further documents, financing statements, assignments, acts, matters and things which may be reasonably required by the Lender and as are consistent with the intention of the parties as evidenced herein, with respect to all matters arising under the Amended Credit Agreement, the Security and this Agreement.</p>
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    <p style="text-indent: 36pt; text-align: justify;">This Agreement may be executed and delivered by facsimile or by electronic mailing in Portable Document Format (PDF) or DocuSign and in one or more counterparts, each of which, when so executed and delivered, shall be deemed to be an original and all of which, when taken together, shall constitute one and the same instrument.&#160; Each party hereby irrevocably consents to and authorizes each other party and its solicitors to consolidate the signed pages of each such executed counterpart into a single document, which consolidated document shall be deemed to be a fully executed original copy of this Agreement as though all parties had executed the same document.</p>
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    <p style="text-indent: 36pt; text-align: justify;">This Agreement shall be conclusively deemed to be a contract made under, and shall for all purposes be governed by and construed in accordance with, the laws of the Province of British Columbia and the laws of Canada applicable in British Columbia.&#160; Each party to this Agreement hereby irrevocably and unconditionally attorns to the non-exclusive jurisdiction of the courts of British Columbia and all courts competent to hear appeals therefrom.</p>
    <p style="text-align: center;"><i><b>[signature page follows]</b></i></p>
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    <p style="text-indent: 36pt; text-align: justify;">IN WITNESS WHEREOF the parties have caused this Agreement to be duly executed on the day and year first above written.</p>
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    <div id="footer_page_8">
        <p style="text-align: center;"><i>[Fifth Supplemental Credit Agreement - Signature Page]</i></p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_9"></a>
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        <p style="text-align: center;">9</p>
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    <br>
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    <div id="footer_page_9">
        <p style="text-align: center;"><i>[Fifth Supplemental Credit Agreement - Signature Page]</i></p>
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