Amendment Number One to Amended and Restated Unsecured Promissory Note between Augusta Gold Corp. and Donald R. Taylor, dated June 30, 2025

Contract Categories: Business Finance › Note Agreements
Summary

Augusta Gold Corp. and Donald R. Taylor have agreed to amend their existing unsecured promissory note. This amendment changes the note's maturity date to the earlier of October 31, 2025, or one business day after Augusta Gold completes a financing transaction sufficient to pay its debts, including this note. All other terms of the original note remain in effect. The amendment is governed by Delaware law and both parties waive the right to a jury trial.

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EX-10.1 2 ea0248183ex10-1_augusta.htm DT AMENDMENT NUMBER ONE, DATED JUNE 30, 2025, TO THE AMENDED AND RESTATED DT NOTE

 

Exhibit 10.1

 

AMENDMENT NUMBER ONE

TO

AMENDED AND RESTATED UNSECURED PROMISSORY NOTE

 

June 30, 2025

FOR VALUE RECEIVED, Augusta Gold Corp., a Nevada corporation (the “Company”) and Donald R. Taylor (the “Lender”), hereby enter into this Amendment Number One (the “Amendment”) to that certain Amended and Restated Unsecured Promissory Note of the Company dated March 27, 2025 (the “Amended and Restated Note”).

Pursuant to Section 8 of the Amended and Restated Note, the parties hereby agree to amend the Amended and Restated Note as follows:

1.The definition of “Maturity Date” in Section 1 of the Amended and Restated Note is hereby amended and restated in its entirety as follows:

The “Maturity Date” shall be the earlier of (i) October 31, 2025, and (ii) the date that is one Business Day following the date on which the Company closes its next financing transaction or the last in a series of financing transactions where the cumulative, aggregate net proceeds of such financing or series of financings are sufficient to pay the Company’s other indebtedness and the obligations under this Note.

2.All notices under this Amendment shall be given pursuant to the provisions of Section 9 of the Amended and Restated Note.

 

3.This Amendment shall be interpreted in accordance with Section 12 of the Amended and Restated Note.

 

4.This Amendment shall be governed by and construed under the laws of the State of Delaware. FURTHER, BOTH THE COMPANY AND THE LENDER HEREBY WAIVE TRIAL BY JURY IN ANY ACTION TO ENFORCE THIS AMENDMENT.

 

[SIGNATURE PAGE FOLLOWS]

 

IN WITNESS WHEREOF, the Company has executed this Amendment as of the date set forth above.

 

  AUGUSTA GOLD CORP.
     
     
  By:  (signed) Tom Ladner
  Name:    Tom Ladner
  Title:    General Counsel

 

 

ACKNOWLEDGED AND AGREED, by the Lender as of the date set forth above.

DONALD R. TAYLOR

 

(signed) Donald Taylor