Company: FMST
Filing Date: 2025-07-28
Form Type: DRS
Source: 0001171843-25-004725
Chunk: 32

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-28
Form: DRS
Chunk 32
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| · | the covenants applicable to the Debt Securities; |

| · | the terms and conditions for any conversion or exchange of the Debt Securities for any other securities; |

| · | the extent and manner, if any, to which payment on or in respect of the Debt Securities of the series    
 will be senior or will be subordinated to the prior payment of other of our liabilities and obligations; |

| · | whether the Debt Securities will be secured or unsecured; |

| · | whether the Debt Securities will be issuable in the form of global securities (“Global Securities”), 
 and, if so, the identity of the depositary for such Global Securities;                               |

| · | the denominations in which Debt Securities will be issuable, if other than denominations of US$1,000 or 
 integral multiples of US$1,000;                                                                         |

| · | each office or agency where payments on the Debt Securities will be made and each office or agency where 
 the Debt Securities may be presented for registration of transfer or exchange;                           |

| · | if other than United States dollars, the currency in which the Debt Securities are denominated or the 
 currency in which we will make payments on the Debt Securities;                                       |

| · | material Canadian federal income tax consequences and United States federal income tax consequences of 
 owning the Debt Securities;                                                                            |

| · | any index, formula or other method used to determine the amount of payments of principal of (and premium, 
 if any) or interest, if any, on the Debt Securities; and                                                  |

| · | any other terms, conditions, rights or preferences of the Debt Securities which apply solely to the Debt 
 Securities.                                                                                              |

If we denominate the purchase price of any of the
Debt Securities in a currency or currencies other than United States dollars or a non-United States dollar unit or units, or if the principal
of and any premium and interest on any Debt Securities is payable in a currency or currencies other than United States dollars or a non-United
States dollar unit or units, we will provide investors with information on the restrictions, elections, general tax considerations, specific
terms and other information with respect to that issue of Debt Securities and such non-United States dollar currency or currencies or
non-United States dollar unit or units in the applicable Prospectus Supplement.

Each series of Debt Securities may be issued at various
times with different maturity dates, may bear interest at different rates and may otherwise vary.

The terms on which a