NEWMONT MINING CORP /DE/
EX-10.2
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d65086exv10w2.htm
<DESCRIPTION>EX-10.2
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;10.2
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<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>PENSION EQUALIZATION PLAN OF NEWMONT</B><BR>
(Effective December&nbsp;31, 2008)
</DIV>


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<DIV align="center" style="font-size: 10pt; margin-top: 10pt">TABLE OF CONTENTS
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<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Page</TD>
    <TD>&nbsp;</TD>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="5" align="center">ARTICLE I<BR></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DEFINITIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">ARTICLE II<BR></TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">ELIGIBILITY AND PARTICIPATION<BR></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.01. Eligibility and Participation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.02. Failure of Eligibility</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;2.03. Forfeiture Upon Termination for Cause</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">ARTICLE III<BR></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">FUNDING</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">ARTICLE IV<BR></TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">EXECUTIVE RETIREMENT BENEFITS<BR></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.01. Normal Retirement Benefit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.02. Early Retirement Benefit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.03. Benefits on Other Termination of Employment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.04. Method and Time of Payment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;4.05. Nonduplication of Benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">ARTICLE V<BR></TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">SPOUSAL BENEFITS<BR></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;5.01. Pre-Retirement Spousal Benefit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;5.02. Post-Retirement Spousal Benefit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">ARTICLE VI<BR></TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">ADMINISTRATION<BR></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.01. Appointment of Committees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.02. Responsibilities of the Administration Committee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.03. Responsibilities of the Appeals Committee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.04. Organization of Committees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;6.05. Indemnification of Committee Members</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">ARTICLE VII<BR></TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">CLAIMS PROCEDURES<BR></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.01. Filing a Claim</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.02. Review of Initial Claim</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.03. Appeal of Denial of Initial Claim</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.04. Review of Appeal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.05. Form of Notice to Claimant</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.06. Discretionary Authority of Committees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;7.07. Limitation on Claims</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
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<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>




<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><!-- Folio -->i<!-- /Folio -->
</DIV>

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    <TD width="1%">&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Page</TD>
    <TD>&nbsp;</TD>
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<TR valign="bottom">
    <TD colspan="5" align="center">ARTICLE VIII<BR></TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">AMENDMENT AND TERMINATION<BR></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;8.01. Termination of Plan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;8.02. Amendment by Company</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">ARTICLE IX<BR></TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" align="center">MISCELLANEOUS<BR></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.01. Inalienability of Benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.02. Domestic Relations Orders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.03. Disposition of Unclaimed Payments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.04. Withholding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.05. Participation in Plan by Affiliates</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.06. Notices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.07. Employment Status</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.08. Successors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.09. Validity and Severability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.10. Governing Law</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.11. Right of Offset</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.12. Conformance With Applicable Laws</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.13. Payments Due Minors or Incapacitated Persons</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Section&nbsp;9.14. Distribution Delay for Specified Employees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><!-- Folio -->ii<!-- /Folio -->
</DIV>
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>PENSION EQUALIZATION PLAN OF NEWMONT</B><BR>
(Effective December&nbsp;31, 2008)
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">PREAMBLE

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newmont USA Limited, a Delaware corporation, established the Pension Equalization Plan of
Newmont Mining Corporation effective September&nbsp;2, 1972. The Plan has been subsequently amended
from time to time. Article&nbsp;VIII of the Plan permits the Board of Directors of the Company or its
delegate to amend the Plan. Pursuant to that right, the Plan is hereby restated effective December
31, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan as restated is intended to provide for the Plan&#146;s compliance with Section&nbsp;409A of the
Code with respect to benefit accruals earned and vested on and after January&nbsp;1, 2005 in accordance
with applicable law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company previously established the Pension Plan, as amended from time to time. The
Company intends that this Plan shall provide certain highly compensated and select management
employees of the Company and its affiliates who adopt the Plan with deferred retirement benefits in
addition to the retirement benefits provided under the Pension Plan, to the extent that
(a)&nbsp;benefits under the Pension Plan are limited by Sections&nbsp;401, 415 or any other applicable
section of the Code, (b)&nbsp;certain elements of service or compensation are not taken into account
under the provisions of the Pension Plan or (c)&nbsp;the Company has entered into a written agreement
with a Participant to provide additional supplemental retirement benefits under this Plan in
consideration of the valuable services provided by such employee to the Company or its affiliates
and to induce such employee to enter into or remain in the employ of the Company or its affiliates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company acquired Santa&nbsp;Fe Gold Corporation and Battle Mountain Gold Company and merged the
Santa&nbsp;Fe Pacific Gold Corporation Supplemental Retirement Plan and the Battle Mountain Gold Company
Supplemental Executive Retirement Plan into this Plan. Appendices&nbsp;A and B set forth transitional
rules applicable to former participants in the Santa&nbsp;Fe Pacific Gold Corporation Supplemental
Retirement Plan and the Battle Mountain Gold Company Supplemental Executive Retirement Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company intends that the Plan shall not be treated as a &#147;funded&#148; plan for purposes of
either the Code or ERISA. The provisions of this Plan shall apply only to individuals who
terminate their employment with the Company on or after the Effective Date and the Spouses and
beneficiaries of such persons.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>ARTICLE I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>DEFINITIONS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Plan, the following defined terms shall have the meaning set forth below
or the meaning ascribed to such terms in the Pension Plan, as the case may be, and the
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><!-- Folio -->Page 1 of 15<!-- /Folio -->
</DIV>
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 10pt">masculine shall be deemed to include the feminine and the singular shall be deemed to include
the plural:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Actuarial Equivalent</I>&#148; means a benefit having the same value as the benefit which such
actuarial equivalent replaces, as determined by the Administration Committee or its delegate using
the actuarial factors adopted under the Pension Plan at the time of such determination, except the
interest rate used for purposes of calculating lump-sum payments under Section&nbsp;4.04. The Actuarial
Equivalent for lump-sum payments for purposes of calculating the present value of benefits shall be
determined by the Administration Committee or its delegate from time to time in its sole
discretion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Administration Committee</I>&#148; means the committee appointed by the Board of Directors pursuant to
Section&nbsp;6.01 of the Plan to be the Administration Committee under the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Appeals Committee</I>&#148; means the committee appointed by the Board of Directors pursuant to
Section&nbsp;6.01 to review any appeals of benefit decisions made by the Administration Committee or its
delegate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Board of Directors</I>&#148; or &#147;<I>Board</I>&#148; means the Board of Directors of Newmont USA Limited.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Cause</I>&#148; means, with respect to any Eligible Employee and as determined by the Board of
Directors or its delegate:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the willful and continued failure of the Eligible Employee to perform substantially
the Eligible Employee&#146;s duties with the Company or its affiliate (other than any such
failure resulting from incapacity due to physical or mental illness) or his failure to
follow policies, directions or the Company&#146;s code of conduct, after a written demand for
substantial performance is delivered to the Eligible Employee by the Board of Directors or
its delegate. Such written demand shall identify the manner in which the Board of Directors
or its delegate believes that the Eligible Employee has not substantially performed the
Eligible Employee&#146;s duties. Notwithstanding the foregoing, written demand for substantial
performance shall not be required if the Board of Directors or its delegate determines that
immediate action, including termination of the Eligible Employee, is necessary to avoid
potential injury or harm to the Company or any person; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the engaging by the Eligible Employee in illegal conduct or gross negligence or
willful misconduct which is potentially injurious to the Company or any affiliate; provided
that if the Eligible Employee acts in accordance with an authorized written opinion of the
Company&#146;s or an affiliate&#146;s legal counsel, such action will not constitute &#147;Cause&#148; under
this definition; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any dishonest or fraudulent activity by the Eligible Employee or the reasonable
belief by the Company of the Eligible Employee&#146;s breach of any contract, agreement or
representation with the Company or an affiliate.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event &#147;Cause&#148; is determined to exist by the Company, and the Eligible Employee had
received payments under the Plan or otherwise been credited with amounts under the Plan, the
Company shall be entitled to recover such amounts from the Eligible Employee or offset such amount
from any other amounts owed by the Company to the Eligible Employee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Change of Control</I>&#148; means a &#147;Change of Control&#148; as defined in the Pension Plan. However, for
purposes of Section&nbsp;8.01 &#147;Change of Control&#148; means (i)&nbsp;a change in ownership that occurs on the
date any one person, or more than one person acting as a group, acquires ownership of stock of
Newmont Mining that, together with stock held by such person or group, constitutes more than 50% of
the total fair market value of the stock of Newmont Mining; (ii)&nbsp;the date any one person, or more
than one person acting as a group, acquires ownership of stock of Newmont Mining possessing 30% or
more of the total voting power of the stock of Newmont Mining; (iii)&nbsp;the date a majority of members
of the Newmont Mining board of directors is replaced during any 12-month period by directors whose
appointment or election is not endorsed by a majority of the members of Newmont Mining&#146;s board of
directors before the date of the appointment or election; or (iv)&nbsp;a change in the ownership of a
substantial portion of Newmont Mining&#146;s assets occurs on the date that any one person, or more than
one person acting as a group, acquires assets from Newmont Mining that have a total gross fair
market value equal to or more than 40% of the total gross fair market value of all of the assets of
Newmont Mining immediately before such acquisition.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Change of Control&#148;, for purposes of Section&nbsp;8.01, shall be interpreted in a manner consistent
with Treasury Regulation&nbsp;Section&nbsp;1.409A-3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Code</I>&#148; means the Internal Revenue Code of 1986, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Company</I>&#148; means Newmont USA Limited, a Delaware corporation, and any parent, subsidiary,
affiliated company or division of the Company or other legal entity related to the Company which is
designated as a participating employer under the Plan by the Board of Directors or its delegate and
which elects to become a participating employer under the Plan by resolution of the governing body
of such subsidiary, company or other legal entity or its delegate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Effective Date</I>&#148; means for purposes of the original Plan, September&nbsp;2, 1972, and for purposes
of this amendment and restatement of the Plan, December&nbsp;31, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Eligible Employee</I>&#148; means a person who is employed by the Company on a full-time basis and
paid on a weekly, bi-weekly, semi-monthly or monthly salaried basis and who is not a member of any
collective bargaining unit. An Eligible Employee shall not include any individual (a)&nbsp;who provides
services to the Company under an agreement, contract or any other arrangement pursuant to which the
individual is initially classified as an independent contractor or (b)&nbsp;whose remuneration for
services has not been treated initially as subject to the withholding of federal income tax
pursuant to Code Section&nbsp;3401, even if the individual is subsequently reclassified as a common law
employee as a result of a final decree of a court of competent jurisdiction or the settlement of an
administrative or judicial proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>ERISA</I>&#148; means the Employee Retirement Income Security Act of 1974, as amended.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>



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</DIV></DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Newmont Mining</I>&#148; means Newmont Mining Corporation, the Company&#146;s parent corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Normal Retirement Date</I>&#148; is the first day of the month on or next following the date the
Participant attains age 62.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Participant</I>&#148; means an Eligible Employee who becomes a Participant in this Plan pursuant to
Section&nbsp;2.01. Participants shall be either Current Participants or New Participants, as defined in
the definition of &#147;Salary&#148; below. Participant shall include a terminated Eligible Employee who is
entitled to future benefits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Pension Plan</I>&#148; means the Pension Plan of Newmont, as amended from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Plan</I>&#148; means the Pension Equalization Plan of Newmont as stated herein and as amended from
time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Plan Year</I>&#148; means the 12-month period on which the Plan records are kept, which shall be the
calendar year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Prior Plan</I>&#148; means the Plan as in existence prior to the Effective Date of this restatement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Retirement</I>&#148; or &#147;<I>Retire</I>&#148; means the cessation of employment by a Participant on or after the
Participant&#146;s Normal Retirement Date or at such earlier date as the Participant is eligible to
begin receiving benefit payments from the Pension Plan provided that such cessation of employment
constitutes a Separation from Service.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Retirement Payment</I>&#148; means the amount payable to a Participant pursuant to this Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Salary</I>&#148; means Salary as defined in the Pension Plan at the relevant time plus:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) with respect to a Participant who receives Executive Performance Incentive payments
(&#147;EPI&#148;) for 2003 (the &#147;Current Participants&#148;), (i)&nbsp;any bonus awards paid to such Current
Participant under the Newmont Intermediate Term Incentive Compensation Plan (the &#147;ITIP&#148;)
which were earned in 2002 and prior years (but not including transitional cash payments with
respect to the ITIP made in 2004, 2005 and 2006) and (ii)&nbsp;any bonus awards paid to such
Current Participant under EPI beginning with EPI year&nbsp;2003 through EPI year&nbsp;2007, but not
for any subsequent EPI year. Any such bonuses paid in the form of stock of the Company or
any parent or subsidiary of the Company shall be included in Salary to the extent the
Participant does not forfeit the stock and shall be included in Salary in equal monthly
amounts over the period of the Participant&#146;s employment during which the bonus was earned.
The value of stock for this purpose shall be the value assigned by the Board of Directors of
Newmont Mining Corporation when the stock is awarded. No more than the five bonuses earned
with respect to five calendar years under the ITIP and/or EPI shall be taken into account in
determining &#147;Salary.&#148; A Current Participant who Retires on or after January&nbsp;1, 2008 will
have an &#147;Average Monthly Salary&#148; equal to the greater of (x)&nbsp;the Current Participant&#146;s
&#147;Average Monthly Salary&#148; (as defined in the Pension Plan) calculated as of
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>





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</DIV></DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">December&nbsp;31, 2007 based upon the foregoing definition of Salary and not thereafter
changed or (y)&nbsp;the Current Participant&#146;s Average Monthly Salary as calculated under the
foregoing provisions as of the date of the Current Participant&#146;s Retirement; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with respect to Participants who did not receive EPI for 2003 (the &#147;New
Participants&#148;), who are in salary grade&nbsp;109, and who previously participated in the ITIP
shall have bonus awards paid to such Participant under the ITIP which were earned in 2002
and prior years (but not including any transitional cash payments with respect to the ITIP
made in 2004, 2005 and 2006) included in Salary in the year earned in the same manner as
Current Participants pursuant to paragraph&nbsp;(a) of the definition of &#147;Salary&#148; above for
purposes of determining such Participant&#146;s &#147;Average Monthly Salary.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding the foregoing, Salary shall exclude any amount contributed by the
Participant to the Savings Equalization Plan of Newmont.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Separation from Service</I>&#148; means the termination of the Participant&#146;s employment with the
Company, as defined in Treasury Regulation&nbsp;Section&nbsp;1.409-1(h) and such other applicable regulations
as are promulgated pursuant to Code Section&nbsp;409A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Single Life Annuity</I>&#148; means the level monthly benefit that is payable only for the lifetime of
the Participant and which includes no guaranteed payments beyond date of death and no survivor
benefits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Specified Employee</I>&#148; means any employee or former employee (including any deceased employee)
who at any time during the Plan Year that includes the determination date was an officer of the
Company having an annual compensation greater than $130,000 (as adjusted under Section&nbsp;416(i)(1) of
the Code), a five-percent owner of the employer or a one-percent owner of the employer having
annual compensation of more than $150,000. No more than 50 employees shall be treated as officers.
For this purpose, annual compensation means compensation within the meaning of Section&nbsp;415(c)(3)
of the Code. The determination of who is a Specified Employee will be made in accordance with
Section 416(i) of the Code and in accordance with policies and procedures adopted by the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Spouse</I>&#148; means the person to whom the Participant is legally married, and not legally
separated from, under the laws of the state or country in which the Participant resides at the time
of his Retirement Payment or to whom he was legally married at the time of his death if his death
occurs prior to the payment of his benefit under this Plan. In addition, an individual must
satisfy the definition of &#147;Spouse&#148; under the Defense of Marriage Act of 1996, as amended (1&nbsp;U.S.C.
&#167;&nbsp;7 (2004)).
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>ARTICLE II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>ELIGIBILITY AND PARTICIPATION</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;2.01. Eligibility and Participation</B>. From time to time the Board of Directors of the
Company or its delegate, in its sole discretion, may determine the eligibility requirements for
participation and may specifically designate those Eligible Employees who are Executive
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>



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</DIV></DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Grade employees and who are highly compensated and select management employees of the Company
to whom participation in this Plan shall be extended. Such designations may be by class of
employees or on an individual basis. Participants in the Prior Plan shall be Participants in the
Plan, subject to the provisions of Section&nbsp;2.02.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;2.02. Failure of Eligibility</B>. If a Participant ceases to meet the eligibility
criteria as determined by the Board of Directors or its delegate for participation herein for any
reason other than death or Retirement but continues to be an employee of the Company, participation
herein and benefits hereunder shall cease as of the effective date of the change in employment
status, position or title which results in termination of eligibility for participation. The
determination of the Board of Directors or its delegate with respect to the termination of
participation in this Plan shall be final and binding on all parties affected. Any benefits
accrued at the time of such change shall remain payable in accordance with the provisions of the
Plan, but only to the extent such benefits are not ultimately payable under the Pension Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;2.03. Forfeiture Upon Termination for Cause</B>. If a Participant is terminated for
Cause, the Participant&#146;s retirement benefit under this Plan shall be immediately forfeited and the
Participant shall be entitled to no payments of any kind under the Plan.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>ARTICLE III</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>FUNDING</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise provided in this Article&nbsp;III, all benefits payable under this Plan shall
be paid, as they become due and payable, out of the general assets of the Company. The Company and
each affiliated entity that adopts this Plan pursuant to Section&nbsp;9.04 shall be responsible for
providing the benefits only for its own employees (and their Spouses and beneficiaries) who are
Participants in this Plan. Nothing contained in this Plan shall be deemed to create any fiduciary
relationship between the Company and the Participants. To the extent that any person acquires a
right to receive benefits under this Plan, such right shall be no greater than the right of any
unsecured general creditor of the Company. The Company reserves the right to establish a trust
fund or some other funding vehicle as a source of benefit payments and to the extent payments are
made from such trust or other fund, such payments shall satisfy the Company&#146;s obligations under
this Plan. Notwithstanding the foregoing, upon a Change of Control (as defined in the Pension
Plan), the Company shall, as soon as possible, but in no event longer than 120&nbsp;days following the
Change of Control, establish a trust fund if one has not otherwise been established, and make an
irrevocable contribution to the trust fund in an actuarially equivalent amount that is sufficient
to pay each Participant or beneficiary the benefits to which the Participant or beneficiary would
be entitled pursuant to the terms of the Plan as of the date on which the Change of Control
occurred.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The funding of a trust upon a Change of Control shall not occur if the Administration
Committee or its delegate reasonably determines that such funding will likely result in taxable
income to Participants by reason of Section&nbsp;409A of the Code. In no event will any Trust assets at
any time be located or transferred outside of the United States within the meaning of Code
Section&nbsp;409A(b).
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>ARTICLE IV</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>EXECUTIVE RETIREMENT BENEFITS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;4.01. Normal Retirement Benefit</B>. A Participant who Retires on or after his Normal
Retirement Date shall be entitled to receive a Retirement Payment under this Plan equal to the
excess, if any, of (a)&nbsp;less (b), where:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the monthly Single Life Annuity payments to which the Participant would be
entitled under the Pension Plan upon his Retirement if:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Section&nbsp;401 or 415 or any other Section of the Code would not apply to
limit the benefit payable to the Participant under the Pension Plan;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The definition of &#147;Salary&#148; under the Pension Plan were the same as the
applicable definition of Salary in this Plan, the Average Monthly Salary of Current
Participants was determined in accordance with the provisions of paragraph&nbsp;(a) of
the definition of &#147;Salary&#148; above and the amount of &#147;Salary&#148; under the Pension Plan
taken into account for determining the Participant&#146;s benefit under the Pension Plan
were not limited by provisions of the Pension Plan;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Service with &#147;Affiliates&#148; (as defined in the Pension Plan) that would
otherwise be taken into account under the Pension Plan in accordance with the
provisions of the Pension Plan governing the crediting of service but cannot be
taken into account because of Internal Revenue Service discrimination limitations
were taken into account under the Pension Plan;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Participant&#146;s &#147;Credited Service&#148; (as defined in the Pension Plan)
under the Pension Plan also included the period with respect to which he becomes
entitled to severance pay under the Company&#146;s Severance Plan, a change of control
plan or under any employment or severance agreement between the Participant and the
Company, whichever is longer (to the extent such service is not taken into account
under the Pension Plan), but only if the Severance Plan, change of control plan or
employment or severance agreement between the Participant and the Company
specifically provides for crediting such period of time as &#147;Credited Service&#148;; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Such other adjustments were made to any component of the calculation of the
Participant&#146;s benefit under the Pension Plan as may be provided under any plan,
policy or program of the Company applicable to the Participant or as may be agreed
to in writing between the Company and the Participant; less
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The amount of monthly Single Life Annuity payments to which the Participant is
actually entitled or would be entitled upon Retirement under the Pension Plan.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


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</DIV></DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;4.02. Early Retirement Benefit</B>. A Participant who Retires before his Normal
Retirement Date shall be entitled to receive a Retirement Payment under this Plan in an amount
determined in accordance with Section&nbsp;4.01, based on the Participant&#146;s Pension Plan benefits as of
the date his Pension Plan benefits become payable. If the Participant&#146;s benefits under the Pension
Plan are reduced for early payment, the amount of the Participant&#146;s Retirement Payment under this
Plan shall be reduced by the same factors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;4.03. Benefits on Other Termination of Employment</B>. If a Participant terminates
employment with the Company prior to his Normal Retirement Date, under circumstances such that the
Participant becomes a &#147;Terminated Vested Participant&#148; under the Pension Plan, he shall be eligible
for a Retirement Payment hereunder. Any such Retirement Payment shall be computed in the manner
described in Section&nbsp;4.01. If the Participant&#146;s benefits under the Pension Plan are reduced for
early payment, the amount of the Participant&#146;s Retirement Payment under this Plan shall be reduced
by the same factors. If a Participant dies prior to the commencement of benefits under this
Article&nbsp;IV, benefits shall be paid under this Plan only pursuant to Article&nbsp;V.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;4.04. Method and Time of Payment</B>. The Retirement Payment which is payable to a
Participant pursuant to Section&nbsp;4.01, 4.02 or 4.03 shall be paid in the form of an Actuarial
Equivalent lump-sum payment. The lump-sum payment shall be paid in a single cash lump sum as soon
as administratively possible following the date of the Participant&#146;s Separation from Service with
the Company, and in no event later than 75&nbsp;days following the date of the Participant&#146;s Separation
from Service, subject to the provisions of Section&nbsp;9.14. If a Participant receives a lump-sum
distribution, there shall be no spousal benefits payable under Article&nbsp;V, but a benefit would be
payable in accordance with Article&nbsp;V if the Participant dies before receiving the lump sum payment.
If a Participant receives a lump-sum distribution under the Plan and is later reemployed by the
Company, the amount of any benefit payable in the future to the Participant under this Plan shall
be reduced by the Actuarial Equivalent of the benefit previously paid to the Participant as a lump
sum.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing, any payment election made pursuant to the terms of the Prior
Plan shall be paid in the manner and at the time elected by the Participant under the terms of the
Prior Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;4.05. Nonduplication of Benefits</B>. Notwithstanding any other provision of this
Article&nbsp;IV, if a Participant participated in another retirement benefit plan or arrangement
(maintained by the Company or any other employer), including the Prior Plan, which has, or will,
provide a benefit to the Participant attributable to the same periods of service included in such
Participant&#146;s Credited Service under the Pension Plan, the benefit payable to such Participant
under this Plan shall be reduced by the Actuarial Equivalent of the benefit earned or paid to such
Participant under such other plan. Notwithstanding the foregoing, the Company shall not offset any
benefits payable by the Plan to the extent such offset would result in the imposition of taxes or
penalties pursuant to Code Section&nbsp;409A and the Treasury Regulations issued thereunder.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>ARTICLE V</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>SPOUSAL BENEFITS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;5.01. Pre-Retirement Spousal Benefit</B>. If a Participant dies prior to Retirement, but
while in the employ of the Company, and if a pre-retirement survivor&#146;s benefit is payable to the
Participant&#146;s Spouse under the Pension Plan, the Participant&#146;s Spouse shall be entitled to a
survivor&#146;s benefit under this Plan equal to the difference, if any, between (a)&nbsp;the amount of such
benefit that would be payable under the spousal benefit under the Pension Plan if the Participant&#146;s
benefit were calculated based on Salary pursuant to Section&nbsp;4.01 of this Plan, and (b)&nbsp;the
survivor&#146;s benefit actually payable to the Spouse under the Pension Plan. The survivor&#146;s benefit
shall be paid to the surviving Spouse in the form of an Actuarial Equivalent lump-sum payment.
Such payment shall be made as soon as practicable following the Participant&#146;s death, and in no
event later than 75&nbsp;days following the date of the Participant&#146;s death.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;5.02. Post-Retirement Spousal Benefit</B>. If a Participant dies following Retirement,
and has not received a lump sum with respect to his benefit under this Plan and if a survivor&#146;s
benefit is payable to the surviving Spouse under the Pension Plan, the Participant&#146;s Spouse shall
be entitled to a post-Retirement survivor&#146;s benefit under this Plan equal to the difference, if
any, between (a)&nbsp;the amount of such benefit that would be payable under the spousal benefit under
the Pension Plan if the Participant&#146;s benefit were calculated based on Salary pursuant to
Section&nbsp;4.01 of this Plan, and (b)&nbsp;the survivor&#146;s benefit actually payable to the Spouse under the
Pension Plan. The survivor&#146;s benefit shall be paid to the surviving Spouse in the form of an
Actuarial Equivalent lump-sum payment and shall be calculated, for purposes of this Section, as if
the Spouse were the Participant. Such payment shall be made as soon as practicable following the
Participant&#146;s death, and in no event later than 75&nbsp;days following the date of the Participant&#146;s
death.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>ARTICLE VI</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>ADMINISTRATION</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;6.01. Appointment of Committees</B>. The Board of Directors or its delegate shall
appoint the Administration Committee and the Appeals Committee (collectively, the &#147;Committees&#148;),
who may be, but need not be, officers, directors or employees of the Company or its affiliate. The
members of each Committee shall hold office at the pleasure of the Board and shall serve without
compensation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;6.02. Responsibilities of the Administration Committee</B>. The Administration Committee
shall be responsible for the administration, operation and interpretation of the Plan. The
Administration Committee may establish rules from time to time for the transaction of its business.
The Administration Committee shall have the exclusive right to interpret the Plan&#146;s provisions, to
establish policies and procedures and to exercise discretion where necessary or appropriate in the
interpretation and administration of the Plan and to decide any and all matters arising thereunder
or in connection with the administration of the Plan, except those matters reserved for the Appeals
Committee. Such decisions, actions and records of the Administration
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Committee or its delegate shall be conclusive and binding upon all persons having or claiming
to have any right or interest in or under the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Administration Committee may delegate some or all of its authority under the Plan to any
person, persons or entities. The Administration Committee may remove any duly appointed delegate
at any time at its sole discretion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;6.03. Responsibilities of the Appeals Committee</B>. The Appeals Committee shall be
responsible for the review and determination of benefit claim appeals as described in Article&nbsp;VII.
The Appeals Committee shall establish rules from time to time for the transaction of its business.
The Appeals Committee shall have the exclusive right to interpret the Plan&#146;s provisions and to
exercise discretion where necessary or appropriate in the determination of benefit claims on
appeal. Such decisions, actions and records of the Appeals Committee shall be conclusive and
binding upon all persons having or claiming to have any right or interest in or under the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Appeals Committee may delegate some or all of its authority to any person, persons or
entities. The Appeals Committee may remove any duly appointed delegate at any time at its sole
discretion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;6.04. Organization of Committees</B>. Each Committee shall adopt such rules as it deems
desirable for the conduct of its affairs and for the administration of its duties under the Plan.
Each Committee may appoint agents (who need not be members of the particular Committee) to whom it
may delegate such powers as it deems appropriate. Each Committee may make its determinations with
or without meetings and it may authorize one or more of its members or agents to sign instructions,
notices and determinations on its behalf. Any action taken by a Committee shall be taken by a
majority of the members attending a meeting of the Committee (provided at least a majority of the
Committee members are at such meeting) or by a majority of the members of the Committee executing a
written instrument setting forth the action taken.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;6.05. Indemnification of Committee Members</B>. The Company shall indemnify the members
of each Committee against any and all claims, loss, damages, expense (including attorney fees) and
liability arising from any action or failure to act, except when the same is judicially determined
to be due to the gross negligence or willful misconduct of such member. Such indemnification shall
include any Committee members or any individuals delegated authority by a Committee if such
individuals are employed by the Company or an affiliate. The Company does not hereby indemnify any
entity or person who is not an employee of the Company or its Affiliate. The indemnification
provided hereunder shall continue as to a person who has ceased acting as a director, officer,
member, agent or employee of the Company, and such person&#146;s rights shall inure to the benefit of
his heirs and representatives.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>ARTICLE VII</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>CLAIMS PROCEDURES</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;7.01. Filing a Claim</B>. All claims shall be filed in writing by the Participant, his
beneficiary, or the authorized representative of the claimant, by completing the procedures that
the Administration Committee or its delegate requires. The procedures may include the completion
of forms and the submission of documents and additional information. All claims under this Plan
shall be filed in writing with the Administration Committee or its delegate according to the
Administration Committee&#146;s or its delegate&#146;s procedures.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;7.02. Review of Initial Claim</B>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <B><I>Initial Period for Review of the Claim</I></B>. The Administration Committee shall review
all materials and shall decide whether to approve or deny the claim. If a claim is denied
in whole or in part, written notice of denial shall be furnished by the Administration
Committee or its delegate to the claimant within a reasonable time after the claim is filed
but not later than 90&nbsp;days after the Administration Committee or its delegate receives the
claim. The notice shall set forth the specific reason(s) for the denial, reference to the
specific Plan provisions on which the denial is based, a description of any additional
material or information necessary for the claimant to perfect his claim and an explanation
of why such material or information is necessary, and a description of the Plan&#146;s review
procedures, including the applicable time limits.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <B><I>Extension</I></B>. If the Administration Committee or its delegate determines that special
circumstances require an extension of time for processing the claim, it shall give written
notice to the claimant and the extension shall not exceed 90&nbsp;days. The notice shall be
given before the expiration of the 90-day period described in Section&nbsp;7.02(a) above and
shall indicate the special circumstances requiring the extension and the date by which the
Administration Committee or its delegate expects to render its decision.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;7.03. Appeal of Denial of Initial Claim</B>. The claimant may request a review upon
written application, may review pertinent documents and may submit issues or comments in writing.
The claimant must request a review within the reasonable period of time prescribed by the
Administration Committee or its delegate. In no event shall such a period of time be less than
60&nbsp;days.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;7.04. Review of Appeal</B>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <B><I>Initial Period for Review of the Appeal</I></B>. The Appeals Committee or its delegate
shall conduct all reviews of denied claims and shall render its decision within a reasonable
time, but not more than 60&nbsp;days of the receipt of the appeal by the Appeals Committee. The
claimant shall be notified of the Appeals Committee&#146;s decision in a notice, which shall set
forth the specific reason(s) for the denial, reference to the specific Plan provisions on
which the denial is based, a statement that the claimant is entitled to receive, upon
request and free of charge, reasonable access to and copies of all documents, records and
other information relevant to the claimant&#146;s claim.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


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</DIV></DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <B><I>Extension</I></B>. If the Appeals Committee or its delegate determines that special
circumstances require an extension of time for reviewing the appeal, it shall give written
notice to the claimant and the extension shall not exceed 60&nbsp;days. The notice shall be
given before the expiration of the 60-day period described in Section&nbsp;7.04(a) above and
shall indicate the special circumstances requiring the extension and the date by which the
Appeals Committee or its delegate expects to render its decision.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;7.05. Form of Notice to Claimant</B>. The notice to the claimant shall be given in
writing or electronically and shall be written in a manner calculated to be understood by the
claimant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;7.06. Discretionary Authority of Committees</B>. The Administration Committee or its
delegate and the Appeals Committee or its delegate shall have full discretionary authority to
determine eligibility, status and the rights of all individuals under the Plan; to construe any and
all terms of the Plan; and to find and construe all facts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;7.07. Limitation on Claims</B>. All claims under this Plan must be filed in writing
according to the foregoing claims procedures no later than three years after the occurrence of the
event that gives rise to the claim. Any claim filed after the expiration of the three year period
shall be barred and the claimant shall be ineligible for benefits under the Plan.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>ARTICLE VIII</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>AMENDMENT AND TERMINATION</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;8.01. Termination of Plan</B>. The Company and each affiliated entity which has adopted
the Plan expect to continue this Plan indefinitely, but the Company and each such affiliate may
terminate this Plan, through action of its Board of Directors or its delegate, as to its employees,
at any time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event the Plan is terminated, the Participant accounts shall be fully vested and the
assets shall be distributed in a lump sum provided one of the following requirements are met:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Plan is terminated in accordance with the requirements of Treasury Regulation
Section&nbsp;1.409A-3(j)(4)(ix)(A) within 12&nbsp;months of a corporate dissolution that is either
taxed under Code Section&nbsp;331 (pertaining to taxation upon complete liquidation) or approved
by a bankruptcy court.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Plan is terminated in accordance with the requirements of Treasury Regulation
Section&nbsp;1.409A-3(j)(4)(ix)(B) within 30&nbsp;days before or 12&nbsp;months after a Change of Control,
and all other similar nonqualified plans of the Company are also being terminated. All
payments from all such plans must be received within 12&nbsp;months of their respective
terminations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) A termination that meets all of the following five requirements in accordance with
Treasury Regulation&nbsp;Section&nbsp;1.409A-3(j)(4)(ix)(C): (i)&nbsp;the termination was not related to a
downturn in the financial health of the Company; (ii)&nbsp;the Company
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">terminates all other nonqualified plans affecting the Participants of the Plan; (iii)
no payments from the Plan are made within 12&nbsp;months after the termination (except payments
that, in the absence of the termination, would have been made within the 12-month period);
(iv)&nbsp;all payments from the Plan are made within 24&nbsp;months after the termination; and (v)&nbsp;for
three years after the termination, no new plans are adopted covering Participants of the
Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;8.02. Amendment by Company</B>. The Board of Directors or its delegate may amend this
Plan, including the suspension of future benefit accruals, at any time and from time to time,
provided that no such amendment shall deprive any Participant or Spouse of his Retirement Payment
or Spousal survivor&#146;s benefit, respectively, based upon the Retirement Payment payable to such
Participant at age&nbsp;62 in the form of a single life annuity accrued at the time of such amendment;
provided, however, that the accrued benefits under this Plan may be reduced to the extent such
benefits ultimately become payable under the provisions of the Pension Plan and Prior Plan and to
the extent that such reductions do not result in adverse tax consequences under Section&nbsp;409A of the
Code. Nothing in this Section shall be interpreted to restrict any change in actuarial assumptions
or formulas used to determine benefits under the Plan.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>ARTICLE IX</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>MISCELLANEOUS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.01. Inalienability of Benefits</B>. Except as provided in Section&nbsp;9.02, no Participant
shall have the right to assign, transfer, hypothecate, encumber or anticipate his interest in any
benefits under this Plan, nor shall the benefits under this Plan be subject to any legal process to
levy upon or attach the benefits for payment for any claim against the Participant or his Spouse.
If any Participant&#146;s benefits are garnished or attached by the order of any court, the Company may
bring an action for declaratory judgment in a court of competent jurisdiction to determine the
proper recipient of the benefits to be paid under the Plan. During the pendency of the action, any
benefits that become payable shall be paid into the court as they become payable, to be distributed
by the court to the recipient it deems proper at the conclusion of the action.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.02. Domestic Relations Orders</B>. A distribution may be made to an individual other
than the Participant in accordance with a domestic relations order as defined in Code Section
414(p)(1)(B). Such payment shall be made in a single lump-sum payment only and shall be made at
the time prescribed by such order. The Administration Committee may adopt and implement such
policies and procedures as it deems advisable in its sole discretion with respect to the
administration and approval of payments pursuant to domestic relations orders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.03. Disposition of Unclaimed Payments</B>. Each Participant must file with the Company
from time to time in writing his mailing address and each change of mailing address. Any
communication, statement or notice addressed to a Participant at his last mailing address filed
with the Company or, if no address is filed with the Company, then at his last mailing address as
shown on the Company&#146;s records, will be binding on the Participant and his Spouse for all purposes
of the Plan. The Company shall not be required to search for or locate a Participant, Spouse or
other beneficiary.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.04. Withholding</B>. All benefits paid or accrued pursuant to this Plan will be
subject to all legally required tax and other withholdings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.05. Participation in Plan by Affiliates</B>. Any legal entity, whether or not
presently existing, which is or shall become affiliated with the Company may become a party to the
Plan, with the consent of the Board of Directors of the Company, by electing to participate in the
Plan. Such legal entity shall, upon request of the Company, deliver to the Company a certified
copy of the resolutions or other documents evidencing its election to participate in the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.06. Notices</B>. All notices required or permitted under this Plan shall be given in
writing to the Company at its principal offices at:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">Newmont USA Limited<BR>
1700 Lincoln Street<BR>
Denver, CO 80203<BR>
Attention: Corporate Secretary
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">and, if given to a Participant, at the Participant&#146;s address on the records of the Company. Notice
to the Company shall be effective when delivered at the address specified in this Section&nbsp;9.05.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.07. Employment Status</B>. This Plan does not constitute a contract of employment or
impose on the Eligible Employee or the Company any obligation for the Eligible Employee to remain
an employee or change the status of the Eligible Employee&#146;s employment or the policies of the
Company regarding termination of employment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.08. Successors</B>. This Plan shall be binding upon and inure to the benefit of the
Company, the Participants, Spouses and their respective heirs, representatives and successors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.09. Validity and Severability</B>. The invalidity or unenforceability of any provision
of the Plan shall not affect the validity or enforceability of any other provision of the Plan,
which shall remain in full force and effect, and any prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.10. Governing Law</B>. The validity, interpretation, construction and performance of
the Plan shall in all respects be governed by the laws of Colorado, without reference to principles
of conflict of law, except to the extent preempted by federal law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.11. Right of Offset</B>. To the extent permitted by applicable law, the Company may,
in its sole discretion, apply any payments otherwise due and payable under this Plan against any
employee or terminated employee loans outstanding to the Company or other debts of the employee or
terminated employee to the Company. By accepting payments under this Plan, an individual shall
consent to the reduction of any compensation paid to the individual by the Company to the extent
the individual receives an overpayment from the Plan. Notwithstanding the foregoing, the Company
shall not offset any benefits payable by the Plan to the extent such offset would result in the
imposition of taxes or penalties pursuant to Code Section&nbsp;409A and the Treasury Regulations issued
thereunder.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.12. Conformance With Applicable Laws</B>. Notwithstanding anything contained herein to
the contrary, this Plan shall be administered and operated in accordance with any applicable laws
and regulations. The Board or its delegate reserves the right to amend this Plan at any time in
order for this Plan to comply with any such laws and regulations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.13. Payments Due Minors or Incapacitated Persons</B>. If any person entitled to a
payment under this Plan is a minor, or if the Administration Committee or its delegate determines
that any such person is incapacitated by reason of physical or mental disability, whether or not
legally adjudicated as an incompetent, the Administration Committee or its delegate shall have the
power to cause the payment becoming due to such person to be made to another for his benefit,
without responsibility of the Administration Committee or its delegate, the Company or any other
person or entity to see to the application of such payment. Payments made pursuant to such power
shall operate as a complete discharge of the Administration Committee, this Plan and the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Section&nbsp;9.14. Distribution Delay for Specified Employees</B>. This Section applies only to
amounts credited under the Plan that accrue and become vested and earned on or after January&nbsp;1,
2005. In the case of a distribution to a Specified Employee due to the Specified Employee&#146;s
Separation from Service, such distribution may not be made before the date which is 6&nbsp;months after
the date of the Specified Employee&#146;s Separation from Service with the Company or, if earlier, the
date of the Specified Employee&#146;s death.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


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</DIV></DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing was adopted this 16 day of December, 2008.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">NEWMONT USA LIMITED</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/&nbsp;Alan R. Blank</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President, Legal and External Affairs</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>





<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><!-- Folio -->Page 16 of 15<!-- /Folio -->
</DIV>

</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>APPENDIX A</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Appendix&nbsp;A provides transition rules with respect to the calculation and payment of
benefits to persons who were participants in the Santa&nbsp;Fe Pacific Gold Corporation Supplemental
Retirement Plan (the &#147;Santa&nbsp;Fe Plan&#148;), as of May&nbsp;5, 1997 (a &#147;Santa&nbsp;Fe Participant&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;Effective as of December&nbsp;31, 2000, the Santa&nbsp;Fe Plan was merged with and into the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;All Santa&nbsp;Fe Participants as of May&nbsp;5, 1997 who were actively employed by Santa&nbsp;Fe Pacific
Gold Corporation on that date (an &#147;Active Santa&nbsp;Fe Participant&#148;) shall be entitled to receive a
benefit under this Plan equal to the greater of (a)&nbsp;the benefit the Active Santa&nbsp;Fe Participant
would have received under the provisions of the Santa&nbsp;Fe Plan as of December&nbsp;31, 2000, or if
earlier, the date of his termination of employment and (b)&nbsp;the benefit provided under the
provisions of this Plan in accordance with the Plan and the provisions of this Appendix&nbsp;A. A
Santa&nbsp;Fe Participant who had terminated employment with Santa&nbsp;Fe Pacific Gold Corporation prior to
May&nbsp;5, 1997 and who was receiving, or was entitled to receive, benefit payments under the Santa&nbsp;Fe
Plan (a &#147;Retired Santa&nbsp;Fe Participant&#148;) shall receive or continue to receive payments in accordance
with all of the terms and provisions of the Santa&nbsp;Fe Plan in effect as of May&nbsp;6, 1997, but such
benefits shall be paid under and as a part of this Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;For purposes of calculating an Active Santa&nbsp;Fe Participant&#146;s benefit under this Plan, an
Active Santa&nbsp;Fe Participant shall be credited with the service credited to such Participant under
the provisions of the Santa&nbsp;Fe Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;If an Active Santa&nbsp;Fe Participant&#146;s benefit is payable in accordance with the terms of the
Santa&nbsp;Fe Plan, then such benefit shall be paid in accordance with all of the terms and provisions
of the Santa&nbsp;Fe Plan, including, but not limited to, the form of benefits available under the
Santa&nbsp;Fe Plan. If an Active Santa&nbsp;Fe Participant&#146;s benefit is payable in accordance with the
provisions of this Plan, then such benefit shall be paid in accordance with all the terms and
provisions of this Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;Benefits payable from the Trust formed in connection with the Santa&nbsp;Fe Plan, or any
successor thereto by merger or otherwise, shall continue to be paid from such Trust and such Trust
shall serve as a potential source of funds for payments to Santa&nbsp;Fe Participants of their benefits
under both the Santa&nbsp;Fe Plan and this Plan.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>


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A-1 of 1<!-- /Folio -->
</DIV></DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>APPENDIX B</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Appendix&nbsp;B provides transition rules with respect to the calculation and payment of
benefits to persons who were participants in the Battle Mountain Gold Company Supplemental
Executive Retirement Plan, as amended and restated December&nbsp;2, 1997 (the &#147;Battle Mountain SERP&#148;),
as of December&nbsp;31, 2001 (a &#147;BM Participant&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;Effective as of December&nbsp;31, 2001, the Battle Mountain SERP was merged with and into the
Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;All BM Participants as of December&nbsp;31, 2001 who were actively employed by Battle Mountain
Gold Company on that date (an &#147;Active BM Participant&#148;) shall be entitled to receive a benefit under
this Plan equal to the greater of (a)&nbsp;the benefit the Active BM Participant would have received
under the provisions of the Battle Mountain SERP as of December&nbsp;31, 2001, or if earlier, the date
of his termination of employment and (b)&nbsp;the benefit provided under the provisions of this Plan in
accordance with the Plan and the provisions of this Appendix&nbsp;B. A BM Participant who had
terminated employment with Battle Mountain Gold Company prior to January&nbsp;1, 2002 and who was
receiving, or was entitled to receive, benefit payments under the Battle Mountain SERP (a &#147;Retired
BM Participant&#148;) shall receive or continue to receive payments in accordance with all of the terms
and provisions of the Battle Mountain SERP in effect as of December&nbsp;31, 2001, but such benefits
shall be paid under and as a part of this Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;For purposes of calculating an Active BM Participant&#146;s benefit under this Plan, an Active
BM Participant shall be credited with the service credited to such Participant under the provisions
of the Battle Mountain SERP, including Attachment&nbsp;A to the Battle Mountain SERP; provided, however,
that any Active BM Participant listed on Attachment&nbsp;A to the Battle Mountain SERP shall be subject
to the reductions set forth on Attachment&nbsp;A to the Battle Mountain SERP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;If an Active BM Participant&#146;s benefit is payable in accordance with the terms of the Battle
Mountain SERP, then such benefit shall be paid in accordance with all of the terms and provisions
of the Battle Mountain SERP, including, but not limited to, the form of benefits available under
the Battle Mountain SERP. If an Active BM Participant&#146;s benefit is payable in accordance with the
provisions of this Plan, then such benefit shall be paid in accordance with all the terms and
provisions of this Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;Benefits payable from the Trust formed in connection with the Battle Mountain SERP, or any
successor thereto by merger or otherwise, shall continue to be paid from such Trust and such Trust
shall serve as a potential source of funds for payments to BM Participants of their benefits under
both the Battle Mountain SERP and this Plan.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">Pension Equalization Plan of Newmont<BR>
Effective December&nbsp;31, 2008
</DIV>



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