Company: LINMF
Filing Date: 2025-08-01
Form Type: 20-F
Source: 0001176256-25-000065
Chunk: 53

Company: Linear Minerals Corp
Filing Date: 2025-08-01
Form: 20-F
Item: Item 6
Chunk 53
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, at the election of the Company, either one Common Share or an amount in cash, net of applicable taxes and contributions to government sponsored plans, as determined by the Board, equal to the Market Price of one Common Share for each RSU credited to the Participant’s Account on the Settlement Date, subject to the conditions set out in the RSU Grant Letter and in the Plan, and subject to all other terms of this Plan

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Each award of RSUs vests on the date(s) (each a “Vesting Date”) specified by the Board on the award date and reflected in the applicable Award Notice (as defined in the RSU Plan). Additionally, the term of the RSUs shall be determined by the Board on the date of the award of RSUs. Each RSU outstanding and all rights thereunder shall expire at the expiry time determined by the Board, subject to earlier termination in accordance with the RSU Plan.

Rights and obligations under the RSU Plan can be assigned by the Company to a successor in the business of the Company, any company resulting from any amalgamation, reorganization, combination, merger or arrangement of the Company, or any corporation acquiring all or substantially all of the assets or business of the Company. The RSUs are non-transferable and non-assignable by the RSU Plan Participant.

Notwithstanding any other provision of the RSU Plan:

(a)                 the aggregate number of Shares reserved for issuance pursuant to RSUs granted under the RSU Plan and other              
      Security Based Compensation Arrangements (as defined in the RSU Plan) cannot exceed 10% of the issued and outstanding Shares as at the
                                                     date of grant (on a non-diluted basis);                                                
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(b)                  the aggregate number of Shares reserved for issuance pursuant to RSUs granted to any one individual in               
      any 12 month period shall not exceed 1% of the issued and outstanding Shares, unless disinterested shareholder approval is obtained;
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(c)                    the aggregate number of Shares reserved for issuance pursuant to RSUs granted to Insiders (as defined                 
      in the policies of the Exchange) shall not exceed 2% of the issued and outstanding Shares, unless disinterested shareholder approval is
                                                                   obtained; and                                                             
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(d)   all RSUs granted pursuant to the RSU Plan are subject to the policies of the Exchange.
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At March 31, 2025, and at July 29, 2025, the maximum number of common