Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 622

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 9A
Chunk 622
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second anniversary of the RSU Grant Date, and (c) as to the remaining one-third on the earlier of the third anniversary of the RSU Grant
Date and the business day immediately preceding the expiry date of the granted RSUs.

The
Board may specify any additional conditions to the vesting of the RSUs, as set out in the relevant award agreement.

Redemption

Depending
upon the country of residence of the participant, the holder may be entitled to redeem RSUs on the earlier of either twenty-five
days following the Vesting Date (as defined in the RSU Plan), or a date agreed on by the Company and the holder. Upon redemption,
the holder is entitled to either a cash payment equal to the RSU Market Price on the Vesting Date, or one Share, at the
Company’s discretion.

The
Company will deduct or withhold from any payment or settlement in Common Shares, for the benefit of the participant, any amount
required in order to comply with the applicable provisions of any federal or provincial law relating to the withholding of tax or
the making of any other source deductions.

No
Shareholder Rights

RSUs
are different from Common Shares and will not entitle any shareholder rights, including, without limitation, voting rights, dividend
entitlement or rights on liquidation.

Suspension,
Termination or Amendments

The
Board may amend, suspend or terminate the RSU Plan in whole or in part, or amend the terms of RSUs credited in accordance with the
RSU Plan, without approval of the Company’s shareholders. However, such suspension, termination or amendment is subject to the
receipt of all required regulatory approvals including, without limitation, the approval of the TSXV.

If
any such amendment, suspension or termination will materially or adversely affect the rights of a participant with respect to RSUs credited
to such participant, then the written consent of the participant will be obtained.

If
the Board (or such other committee of the directors appointed to administer the RSU Plan) terminates the RSU Plan, the Board may determine
whether the RSUs credited shall be vested on the date of the termination of the RSU Plan or held and vested at a later date.

Non-Transferability
of Awards

Except
in the case of a death of a participant, no right or interest of a participant under the RSU Plan is assignable or transferable. Such
rights or interests shall not be encumbered by any means.

Clawback

All
RSUs