EX-10.210-Q·CIK 1853962·0001628280-26-034207

EX-10.2

View original filing on SEC EDGAR → ·  seen May 13, 2026, 07:54 EDT

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Pursuant to Item 601(b)(10)(iv) of Regulation S-K, certain portions of the exhibits that are not material and are of the type that the Company treats as confidential have been redacted or omitted. A copy of the unredacted exhibit will be furnished to the Securities and Exchange Commission upon request.


Execution Version 1399-1964-3930.19 SUPPLEMENTARY TERMS AGREEMENT dated as of March 23, 2026 among I-80 GOLD CORP. as the Company and THE FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTIES HERETO as Banks and NATIONAL BANK OF CANADA as Administrative Agent


TABLE OF CONTENTS Page 1399-1964-3930.19 - i - Supplementary Terms Agreement – i-80 Gold Corp. ARTICLE 1 DEFINITIONS..........................................................................................................................1 1.1 Definitions......................................................................................................................................1 1.2 Terms Generally...........................................................................................................................42 1.3 Accounting Terms; U.S. GAAP...................................................................................................43 1.4 Time. ............................................................................................................................................44 1.5 Third Party Beneficiaries .............................................................................................................44 ARTICLE 2 SECURED PREPAID FORWARD COMMITMENTS.........................................................44 2.1 Secured Prepaid Forward Commitments .....................................................................................44 2.2 Fees. .............................................................................................................................................47 2.3 Payments Generally; Sharing of Set-Offs....................................................................................47 2.4 Currency Indemnity. ....................................................................................................................48 ARTICLE 3 REPRESENTATIONS AND WARRANTIES.......................................................................49 3.1 Representations and Warranties of the Company........................................................................49 ARTICLE 4 CONDITIONS ........................................................................................................................60 4.1 Effective Date. .............................................................................................................................60 ARTICLE 5 AFFIRMATIVE COVENANTS.............................................................................................63 5.1 Covenants.....................................................................................................................................63 ARTICLE 6 NEGATIVE COVENANTS ...................................................................................................74 6.1 Negative Covenants. ....................................................................................................................74 ARTICLE 7 EVENTS OF DEFAULT........................................................................................................79 7.1 Events of Default. ........................................................................................................................79 ARTICLE 8 THE ADMINISTRATIVE AGENT .......................................................................................84 8.1 Appointment of Administrative Agent. .......................................................................................84 8.2 Secured Parties.............................................................................................................................85 8.3 Limitation of Duties of Administrative Agent.............................................................................85 8.4 Lack of Reliance on the Administrative Agent............................................................................85 8.5 Certain Rights of the Administrative Agent. ...............................................................................86 8.6 Reliance by Administrative Agent...............................................................................................86 8.7 Indemnification of Administrative Agent. ...................................................................................86 8.8 The Administrative Agent in its Individual Capacity. .................................................................87 8.9 Successor Administrative Agent..................................................................................................87 8.10 No Independent Legal Action......................................................................................................87 8.11 Erroneous Payments by the Administrative Agent. .....................................................................88 ARTICLE 9 MISCELLANEOUS ...............................................................................................................91 9.1 Notices. ........................................................................................................................................91 9.2 Waivers; Amendments.................................................................................................................93


TABLE OF CONTENTS (continued) Page 1399-1964-3930.19 9.3 Expenses; Indemnity; Damage Waiver........................................................................................94 9.4 Successors and Assigns................................................................................................................96 9.5 Anti-Money Laundering Legislation and the Patriot Act. ...........................................................98 9.6 Acknowledgement and Consent to Bail-In of Affected Financial Institutions............................99 9.7 Survival. .......................................................................................................................................99 9.8 Execution. ....................................................................................................................................99 9.9 Entire Agreement. ......................................................................................................................100 9.10 Severability. ...............................................................................................................................100 9.11 Right of Set Off..........................................................................................................................100 9.12 Governing Law. .........................................................................................................................101 9.13 Attornment. ................................................................................................................................101 9.14 Service of Process. .....................................................................................................................101 9.15 WAIVER OF JURY TRIAL......................................................................................................101 9.16 Confidentiality; Press Releases and Public Announcements.....................................................101 9.17 No Strict Construction. ..............................................................................................................102 9.18 Release of Security. ...................................................................................................................102 9.19 Paramountcy. .............................................................................................................................103 9.20 Excluded Swap Obligations.......................................................................................................103 9.21 No Advisory or Fiduciary Responsibility. .................................................................................104 9.22 Acknowledgement Regarding Any Supported QFCs. ...............................................................104 9.23 LIMITATION OF LIABILITY. ................................................................................................105


1399-1964-3930.19 - i - Supplementary Terms Agreement – i-80 Gold Corp. Exhibits: Exhibit A - Form of Compliance Certificate Exhibit B - Form of Assignment and Assumption Schedules: Schedule 1.1(A) - Initial Security Documents Schedule 1.1(B) - Existing Royalty Agreements Schedule 2.1 - Banks and Secured Prepaid Forward Commitments Schedule 3.1(5) - Litigation Schedule 3.1(11) - Pension Plans Schedule 3.1(12) - Casualty Events Schedule 3.1(13) - Subsidiaries Schedule 3.1(14) - Insurance Claims Schedule 3.1(18) - Environmental Matters Schedule 3.1(19) - Employee Matters Schedule 3.1(24) - Filing Jurisdictions Schedule 3.1(25) - Project Approvals Schedule 3.1(26) - Project Real Property Schedule 3.1(35) - Aboriginal Claims Schedule 5.1(7) - Post-Closing Requirements Schedule 6.1(11) - Restrictive Agreements Schedule 9.1 - Banks Contact Information


1399-1964-3930.19 Supplementary Terms Agreement – i-80 Gold Corp. SUPPLEMENTARY TERMS AGREEMENT THIS SUPPLEMENTARY TERMS AGREEMENT dated as of March 23, 2026 is made among i-80 Gold Corp., as the company, the financial institutions from time to time party hereto, as banks, and National Bank of Canada, as administrative agent. RECITALS WHEREAS the Company has requested that Banks enter into certain prepaid forward arrangements, and the Banks have agreed to do on the terms and conditions set out herein; NOW THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by each party hereto, the parties hereto agree as follows: ARTICLE 1 DEFINITIONS 1.1 Definitions. In this Agreement: “Aboriginal Claim” means any action, cause of action, suit, litigation, proceeding, demand, claim, complaint, or grievance made by any Aboriginal Group to a Group Party, or, to any Group Party’s knowledge, to a Governmental Authority, in respect of aboriginal rights, aboriginal title, treaty rights or any other aboriginal interest in or to all or related to any portion of any Project, including any threat of any action, cause of action, suit, litigation, proceeding, demand, claim, complaint, or grievance by any Aboriginal Group related to any Project. “Aboriginal Group” means any first nations, Métis or indigenous or aboriginal person(s), tribe(s) or band(s) of Canada or the United States of America, or similar groups in any other applicable jurisdiction, or any Person or group identifying themselves as such. “Acquisition” means any transaction, or any series of related transactions, consummated after the Closing Date, by which any Group Party directly or indirectly, by means of a sale agreement, takeover bid, tender offer, amalgamation, merger or other business combination, plan of arrangement, purchase of assets, joint venture or otherwise: (a) acquires any business (including any division of a business) or all or substantially all of the assets of any Person; (b) acquires control of securities of a Person representing more than 50% of the ordinary voting power for the election of directors or other governing position if the business affairs of such Person are managed by a board of directors or other governing body; (c) acquires control of more than 50% of the ownership interest in any Person that is not managed by a board of directors or other governing body; or (d) otherwise acquires Control of a Person. “Acquisition Cost” means, with respect to any Acquisition, the aggregate amount of consideration (including Earn-Out Debt as determined in good faith at the time of such Acquisition based upon










































































































Supplementary Terms Agreement – i-80 Gold Corp. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. I-80 GOLD CORP., as Company By: Name: Richard Young Title: President & Chief Executive Officer By: Name: David Savarie Title: Executive Vice President and General Counsel (signed) Richard Young (signed) David Savarie




Exhibit A – Page 1 EXHIBIT A COMPLIANCE CERTIFICATE [Redacted – commercially sensitive information]


Exhibit A – Page 2 SCHEDULE A TO COMPLIANCE CERTIFICATE FINANCIAL COVENANT COMPLIANCE WORKSHEET [Redacted – commercially sensitive information]


Exhibit B – Page 1 EXHIBIT B FORM OF ASSIGNMENT AND ASSUMPTION [Redacted – commercially sensitive information]


Schedule 1.1(A) – Page 1 SCHEDULE 1.1(A) INITIAL SECURITY DOCUMENTS [Redacted – commercially sensitive information]


Schedule 1.1(B) – Page 1 SCHEDULE 1.1(B) EXISTING ROYALTY AGREEMENTS [Redacted – commercially sensitive information]


Schedule 2.1 – Page 1 SCHEDULE 2.1 SECURED PREPAID FORWARD COMMITMENTS [Redacted – commercially sensitive information]


Schedule 3.1(5) – Page 1 SCHEDULE 3.1(5) LITIGATION [Redacted – commercially sensitive information]


Schedule 3.1(11) – Page 1 SCHEDULE 3.1(11) PENSION PLANS [Redacted – commercially sensitive information]


Schedule 3.1(12) – Page 1 SCHEDULE 3.1(12) CASUALTY EVENTS [Redacted – commercially sensitive information]


Schedule 3.1(13) – Page 1 SCHEDULE 3.1(13) SUBSIDIARIES [Redacted – commercially sensitive information]


Schedule 3.1(14) – Page 1 SCHEDULE 3.1(14) INSURANCE CLAIMS [Redacted – commercially sensitive information]


Schedule 3.1(18) – Page 1 SCHEDULE 3.1(18) ENVIRONMENTAL MATTERS [Redacted – commercially sensitive information]


Schedule 3.1(19) – Page 1 SCHEDULE 3.1(19) EMPLOYEE MATTERS [Redacted – commercially sensitive information]


Schedule 3.1(24) – Page 1 SCHEDULE 3.1(24) FILING JURISDICTIONS [Redacted – commercially sensitive information]


Schedule 3.1(25) – Page 1 SCHEDULE 3.1(25) PROJECT APPROVALS [Redacted – commercially sensitive information]


Schedule 3.1(26) – Page 1 SCHEDULE 3.1(26) PROJECT REAL PROPERTY [Redacted – commercially sensitive information]


Schedule 3.1(35) – Page 1 SCHEDULE 3.1(35) ABORIGINAL CLAIMS [Redacted – commercially sensitive information]


Schedule 5.1(7) – Page 1 SCHEDULE 5.1(7) POST-CLOSING REQUIREMENTS [Redacted – commercially sensitive information]


Schedule 6.1(11) – Page 1 SCHEDULE 6.1(11) RESTRICTIVE AGREEMENTS [Redacted – commercially sensitive information]


Schedule 9.1 – Page 1 SCHEDULE 9.1 BANK CONTACT INFORMATION [Redacted – commercially sensitive information]


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