Exhibit 4.30
EXECUTION
DATE 8 JULY 2014
THIRD AMENDMENT AGREEMENT TO A
TERM LOAN FACILITY AGREEMENT
ORIGINALLY DATED 17 APRIL 2014
amongst
SOUTHGOLD EXPLORATION PROPRIETARY LIMITED
(as Borrower)
and
THE FINANCIAL INSTITUTIONS LISTED IN SCHEDULE 1
(as Original Lenders)
and
CREDIT SUISSE AG
(as Facility Agent)
and
CREDIT SUISSE AG
(as Security Agent)
STANDARD CHARTERED BANK
(as Parallel Debt Agent)
and
PURPLE RAIN SECURITY SPV (RF) PROPRIETARY LIMITED
(as Security SPV)
CONTENTS
1. | DEFINITIONS AND INTERPRETATION | 1 | ||||
2. | AMENDMENT TO THE DEED OF NOVATION | 2 | ||||
3. | MISCELLANEOUS | 2 | ||||
4. | GOVERNING LAW | 3 |
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PARTIES:
THIS AGREEMENT (theThird Amendment Agreement) is dated 8 JULY 2014 and is made among:
(1) | SOUTHGOLD EXPLORATION PROPRIETARY LIMITED, a private company incorporated under the laws of South Africa, with registration number 2000/016129/07, as borrower (Southgold or theBorrower); |
(2) | THE FINANCIAL INSTITUTIONS listed in Schedule 1 (Original Lenders), as lenders (in this capacity, each anOriginal Lender); |
(3) | CREDIT SUISSE AG, of Paradeplatz 8, 8001 Zurich, Switzerland as facility agent of the Finance Parties (in this capacity, theFacility Agent); |
(4) | CREDIT SUISSE AG, of Paradeplatz 8, 8001 Zurich, Switzerland as facility agent of the Finance Parties (in this capacity, theSecurity Agent); |
(5) | STANDARD CHARTERED BANK (in this capacity asParallel Debt Agent); and |
(6) | PURPLE RAIN SECURITY SPV (RF) PROPRIETARY LIMITED a private company incorporated under the laws of South Africa, with registration number 2010/007093/07 and registered office at 5th Floor, The Terraces, 25 Protea Road, Claremont 7708 (theSecurity SPV). |
BACKGROUND
A. | The Parties entered into a term loan facility agreement dated 17 April 2014 pursuant to which the Original Lenders agreed to make available to the Borrower a term loan facility in an aggregate principal amount of US$178,100,000 (one hundred and seventy eight million one hundred thousand dollars) to be read together with an amendment agreement dated 25 June 2014 (theFirst Amendment Agreement) and an an amendment agreement dated 1 July 2014 (theSecond Amendment Agreement) (theTerm Facility Agreement). |
B. | By this Third Amendment Agreement, the Parties have agreed to amend the Term Loan Facility Agreement. |
IT IS AGREED AS FOLLOWS:
1. | DEFINITIONS AND INTERPRETATION |
1.1. | Definitions |
Unless the contrary intention appears, terms defined in the Term Loan Facility Agreement or the Transaction Implementation Agreement, as applicable, shall have the same meaning when used in this Second Amendment Agreement.
1.2. | Interpretation |
The provisions of clauses 1.2 and 1.3 of the Term Loan Facility Agreement shall also apply to this Third Amendment Agreement as if set out in this Third Amendment Agreement, but with all necessary modifications.
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1.3. | Finance Document |
This Third Amendment Agreement is a Finance Document.
2. | AMENDMENT TO THE TERM LOAN FACILITY AGREEMENT |
2.1. | Amendments |
With effect from the date hereof, the Term Loan Facility Agreement shall be amended so that:
2.1.1. | the table contained at Schedule 1 (Original Lenders) of the Term Loan Facility Agreement is deleted in its entirety and replaced with: |
Name of Original Lender | Facility A1 Commitment (US$) | Facility A2 Commitment (US$) | Facility A3 Commitment (US$) | Facility A4 Commitment (US$) | Total Commitments (US$) | |||||||||||||||
Credit Suisse AG | 87,003.54 | 3,892,710.22 | 25,500,000 | 59,999,965.50 | 89,479,679.26 | |||||||||||||||
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Standard Chartered Bank | 87,003.54 | 3,892,710.21 | 25,500,000 | 59,100,034.50 | 88,579,748.25 | |||||||||||||||
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Total | 174,007.08 | 7,785,420.43 | 51,000,000 | 119,100,000 | 178,059,427.51 | |||||||||||||||
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2.2. | Continuity |
2.2.1. | The Parties agree that: |
2.2.1.1. | the provisions of the Term Loan Facility Agreement shall, save as amended hereby, continue in full force and effect; and |
2.2.1.2. | any reference to the Term Loan Facility Agreement in any of the Finance Documents shall be a reference to the Term Loan Facility Agreement as amended pursuant to this Amendment Agreement. |
3. | REPRESENTATIONS AND WARRANTIES |
3.1. | Each Party represents and warrants to and for the benefit of each other Party that: |
3.1.1. | it is duly incorporated and validly existing under the laws of its place of incorporation and has the power to own its property and assets and carry on its business; |
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3.1.2. | it has the power and capacity to enter into and comply with its obligations under this Amendment Agreement; |
3.1.3. | subject to the Legal Reservations, this Amendment Agreement constitutes its legal, valid, binding and enforceable obligations, and the entry into and performance of the transactions contemplated by this Amendment Agreement does not conflict with: |
3.1.3.1. | any law or regulation or its constitutional documents; or |
3.1.3.2. | any document binding on it which would have a material adverse effect on the enforceability of this Amendment Agreement; and |
3.1.4. | it has taken all necessary action to authorise the entry into and compliance with its obligations under this Amendment Agreement, to ensure that its obligations under this Amendment Agreement are valid, binding and enforceable in accordance with their terms and, subject to the Legal Reservations, to make this Amendment Agreement admissible in evidence in the courts of its jurisdiction of incorporation. |
4. | FURTHER ASSURANCE |
The Borrower shall, at the request of the Lenders and at its own expense, do all such acts and things necessary or desirable to give effect to the amendments made or to be made pursuant to this Amendment Agreement.
5. | MISCELLANEOUS |
The provisions of clause 1.3(Third Party Rights), clause 14(Costs and expenses), clause 33(Notices), clause 34(Partial Invalidity), clause 36(Remedies and Waivers), clause 37(Amendments and Waivers), clause 38(Counterparts), clause 39(Governing Law), clause 40 (Enforcement) of the Term Loan Facility Agreement shall apply to this Amendment Agreement as if set out in this Amendment Agreement, but as if references in those clauses to the Term Loan Facility Agreement were references to this Amendment Agreement.
6. | GOVERNING LAW |
This Amendment Agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of England and Wales.
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SIGNATURES
Borrower
EXECUTED by:
SOUTHGOLD EXPLORATION
PROPRIETARY LIMITED
Acting by: |
/s/ P M Saaiman |
Name: P M Saaiman |
Title: Director |
Prior to Effective Date: | ||
Physical Address: | Ground Floor, 138 WestStreet, Sandton, 2146, South Africa | |
Postal Address: | P O Box 78182, Sandton, 2146 South Africa | |
Attention: | The Chief Executive Officer | |
Fax: | +27 (0)11 3011 840 | |
With a copy to (which shall not constitute notice): | ||
Address: | McMillan, Suite 1500 -1055 West Georgia Street, Vancouver, British Columbia V6E 4N7 | |
Attention: | Bernie Zinkhofer / Great Basin Responsible Partner | |
Fax: | +001 (604) 685 7084 |
After Effective Date:
Physical Address: | Libanon Business Park, 1 Hospital Road (off Cedar Avenue), Libanon, Westonaria, 1779 | |
Postal Address: | Charl Keyter | |
Attention: | The Chief Executive Officer | |
Fax: | +27 (0)11 278 9873 |
Lender
EXECUTED by:
CREDIT SUISSE AG
Acting by:
/s/ Stefan Gerig | /s/ Herbert Plank | |||
Name: Stefan Gerig | Name: Herbert Plank | |||
Title: Director | Title: Managing Director |
Address: | Giesshuebelstrasse 30, 8070 Zurich Switzerland | |
Attention: | Stefan Gerig | |
Telephone: | +41 44 334 45 13 | |
Fax: | +41 44 333 21 04 | |
Email: | portfolio.admin@credit-suisse.com / | |
Stefan.gerig@credit-suisse.com |
Lender
EXECUTED by:
STANDARD CHARTERED BANK
Acting by:
/s/ Philip Rees | /s/ Rachel Mayne | |||
Name: Philip Rees | Name: Rachel Mayne | |||
Title: SENIOR MANAGER | Title: SENIOR MANAGER |
Address: | 1 Basinghall Avenue, London EC2V 5DD, United Kingdom | |
Attention: | Mark Sumner / Phil Rees | |
Telephone: | +44 20 7885 7342 / +44 20 7885 7637 | |
Fax: | +44 20 7885 7828 | |
Email: | mark.sumner@sc.com / Phil.Rees@sc.com |
Facility Agent
EXECUTED by:
CREDIT SUISSE AG
Acting by:
/s/ Stefan Gerig | /s/ Herbert Plank | |||
Name: Stefan Gerig | Name: Herbert Plank | |||
Title: Director | Title: Managing Director |
Address: | Giesshuebelstrasse 30, 8070 Zurich Switzerland | |
Attention: | Stefan Gerig | |
Telephone: | +41 44 334 45 13 | |
Fax: | +41 44 333 21 04 | |
Email: | portfolio.admin@credit-suisse.com / | |
Stefan.gerig@credit-suisse.com |
Security Agent
EXECUTED by:
CREDIT SUISSE AG
Acting by:
/s/ Stefan Gerig | /s/ Herbert Plank | |||
Name: Stefan Gerig | Name: Herbert Plank | |||
Title: Director | Title: Managing Director |
Address: | Giesshuebelstrasse 30, 8070 Zurich Switzerland | |
Attention: | Stefan Gerig | |
Telephone: | +41 44 334 45 13 | |
Fax: | +41 44 333 21 04 | |
Email: | portfolio.admin@credit-suisse.com / | |
Stefan.gerig@credit-suisse.com |
Parallel Debt Agent
EXECUTED by:
STANDARD CHARTERED BANK
Acting by:
/s/ Philip Rees | /s/ Rachel Mayne | |||
Name: Philip Rees | Name: Rachel Mayne | |||
Title: Senior Manager | Title: Senior Manager |
Address: | 5th Floor, No.4 Sandown Valley Crescent, Sandton, 2196, Gauteng Province South Africa | |
Attention: | Andrew Dixon Smith | |
Telephone: | +27 11 217 6626 / +27 71 882 4424 | |
Fax: | +27 (0)11 217 6641 | |
Email: | Andrew.DixonSmith@sc.com |
Security SPV
EXECUTED by:
PURPLE RAIN SECURITY SPV (RF)
PROPRIETARY LIMITED
Acting by:
/s/ T. Ross-Gillespie |
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Name: T. Ross-Gillespie | Name: | |||
Title: Director | Title: |
Address: | GMG Trust Company, 3rd Floor, 200 on Main, Cnr Main and Bowwood Roads, Claremont 7708 | |
Attention: | Managing Director | |
Telephone: | +27 21 657 6010 | |
Fax: | 086 673 3490 | |
Email: | tamara@gmgtrust.co.za |