Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 621

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 9A
Chunk 621
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b) the RSU Market Price of Common Shares on such dividend payment date.

Granting
Restrictions

The
grant of RSUs under the RSU Plan is subject to a number of restrictions, including that:

(a)the
                                            aggregate number of Common Shares issuable at any time to Insiders (as defined in the RSU Plan)
                                            under the RSU Plan and all other security-based compensation arrangements of the Company
                                            and its subsidiaries shall not, in the aggregate, exceed 10% of the issued and outstanding
                                            Common Shares, calculated on a non-diluted basis (unless disinterested shareholder approval is obtained
                                            pursuant to the rules and policies of the TSXV);

(b)within
                                            any one-year period, the Company shall not issue to Insiders under the RSU Plan and all other
                                            security-based compensation arrangements of the Company and its subsidiaries, in the aggregate,
                                            a number of Common Shares exceeding 10% of the issued and outstanding Common Shares, calculated on
                                            a non-diluted basis (unless disinterested shareholder approval is obtained pursuant to the
                                            rules and policies of the TSXV);

(c)within
                                            any one-year period, the Company shall not issue to any one consultant under the RSU Plan
                                            and all other security-based compensation arrangements of the Company and its subsidiaries,
                                            in the aggregate, a number of Common Shares exceeding 2% of the issued and outstanding Common
                                            Shares, calculated on a non-diluted basis; and

(d)within any one-year period, the Company shall not issue to any one person,
or companies wholly-owned by that person, under the RSU Plan and all other security-based compensation arrangements of the Company and
its subsidiaries, in the aggregate, a number of Common Shares exceeding 5% of the issued and outstanding Common Shares, calculated on
a non-diluted basis.

Administration
of Grants

The
Board may, at any time other than from December 5 to December 31 in any year, grant RSUs to eligible participants in consideration of
service for any period specified in the resolution authorizing such grant (except in lieu of accrued and unpaid compensation amounts).

-49-

Unless
otherwise specified by the Board and/or included in any award agreement, RSUs granted to a participant shall vest (a) as to one-third
on the first anniversary of the date that such RSU was granted (the “RSU Grant Date”), (b) as to one-third on the