IN SUPPORT OF SOMITA FUNDING AGREEMENT
This CONTRIBUTION AGREEMENT IN SUPPORT OF SOMITA FUNDING AGREEMENT (this “
Agreement ”) dated as of February 22, 2006, is from HIGH RIVER GOLD MINES LTD., a corporation
formed under the federal laws of Canada (“ High River ”) to and for the benefit of ROYAL GOLD, INC., a
Delaware corporation (“ Royal Gold ”).
A. Société des Mines de Taparko, also known as SOMITA, SA, a société anonyme formed under the laws
of the Republic of Burkina Faso (“ Somita ”) and Royal Gold entered into a Funding Agreement dated as of
December 1, 2005 (the “ Original Funding Agreement ”), as amended by First Amendment to Funding
Agreement dated as of February 8, 2006, and as further amended and restated by Amended and Restated
Funding Agreement dated as of February 22, 2006 (as so amended and restated, the “ Funding Agreement ”).
Pursuant to the Funding Agreement, Royal Gold agreed to provide funding to Somita in the amount of
U.S.$35,000,000 to be used in the development of the Project (defined below) in Burkina Faso.
B. High River is the indirect owner of 90% of the issued and outstanding shares of Somita, through its
subsidiary High River Gold Mines (West Africa) Ltd., a corporation formed under the laws of the Cayman
Islands (“ Shareholder ”). The Government of the Republic of Burkina Faso is the owner of the remaining 10% of
the issued and outstanding shares of Somita.
C. In connection with the funding by Royal Gold, High River has agreed to provide a guaranty (“ Guaranty I”)
of performance by Senet CC, a South African corporation, (“ Senet ”) of Senet’s obligations under the
Taparko/Bouroum Project Contract Agreement dated February 3, 2006, in addition to the performance bond
provided by Senet, and High River has agreed to secure that guaranty by a pledge of its shares of stock of
Intrepid Minerals Corporation and Pelangio Mines Inc. (“ Pledge I ”).
D. Also in connection with the Funding Ag