Preview | Employment Agreement |

THIS EMPLOYMENT AGREEMENT (this Agreement) is made and entered into effective as of the 16th day of February, 2002 (the Effective Date), by and between Newmont Global Employment Limited Partnership, a Bermuda Exempted Partnership, having its principal executive offices in Denver, Colorado, U.S.A. (the Company), and Pierre Lassonde, an individual, residing at 9 Old Forest Hill Road, Toronto, Ontario M5P 2P6 (the Executive).

a. Employment: Subject to the terms of this Agreement, the Company hereby employs the Executive, and the Executive hereby accepts such employment, for the period beginning on February 16, 2002 and ending at the close of business on February 15, 2004, unless terminated earlier as provided herein (the Term). Thereafter, the Term shall automatically renew for successive, additional one-year periods unless either party elects not to so renew (pursuant to the terms of Paragraph 4(g), below). Portions of this Agreement that by their terms provide or imply that they survive the end of the Term shall survive the end of the Term.

b. Secondment: The Executive acknowledges and agrees that the Company, in its sole discretion, may second the Executive to the Companys indirect parent corporation, Newmont Mining Corporation, a Delaware corporation (NMC), and/or to the Companys affiliate, Newmont USA Limited, d/b/a Newmont Mining Corporation, a Delaware corporation (Newmont USA), with or without a written secondment agreement, for all or any part of the Term. In the event of such secondment, the Executive will operate as a seconded employee of NMC and/or Newmont USA, as applicable.

a. Title; Duties; and Travel: The Executive shall serve as President of NMC and as President of Newmont USA, and shall have such additional duties, responsibilities, and authority as are customarily required of and given to a President and such other duties and responsibilities commensurate with such position as the Board of Directors of NMC (the NMC Board) and/or the Board of Directors of Newmont USA (the Newmont USA Board and, together with the NMC Board, the Boards) shall generally determine from time to time. Such duties, responsibilities, and authority shall include, without limitation, responsibility for the management, operation, strategic direction, and overall conduct of the merchant banking business and business development functions of NMC, Newmont USA, and/or certain of their affiliates. As used in this Agreement, the term affiliate of the Company means any company directly or indirectly controlled by, controlling, or under common control with the Company, whether through stock ownership or otherwise. The Executive shall spend a minimum of three weeks per month either traveling on behalf of the Company and/or its affiliates or working at the Companys headquarters office in Denver, Colorado, and the remainder of his work time may be spent at the Companys offices in Toronto, Canada.

b. Time Spent; Compliance with Law: The Executive shall devote substantially his full business time, energy, and ability to the business of the Company and its affiliates. The Executive shall report directly to, and shall perform his duties subject to the overall policies and directions of, NMCs Chief Executive Officer (the CEO). In performing his duties hereunder, the Executive shall comply with all laws, regulations, decrees, codes, ordinances, resolutions, and other acts of any governmental authority, including without limitation those addressing the preservation of health, safety, and the environment, the U.S. Foreign Corrupt Practices Act (which prohibits the direct or indirect delivery of anything of value to government officials to secure an improper advantage), and other laws that are applicable to this Agreement or the Executives performance of his duties hereunder.