Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 132

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 132
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 on such termination date, he shall be entitled to: (i) a lump sum payment in lieu of notice equal to 1.75 times
the sum of Mr. Rawlins’ base salary plus the average of the annual cash performance bonus paid to Mr. Rawlins in the last three
fiscal years immediately preceding the termination date; (ii) the continuation of medical, dental and pension benefits for a twenty-one
(21) month period; and (iii) any other payments owed to Mr. Rawlins.

The estimated payment under Mr. Rawlin’s employment
agreement resulting from a change of control is $1,449,032. The estimated payment under Mr. Rawlin’s employment agreement resulting from
a termination without cause is $743,750.

Boris
Kamstra

Boris Kamstra is the Chief Operating Officer of PRIL.
PRIL entered into a consulting agreement with ANZAC Consulting Ltd (“ANZAC”) dated January 1, 2023. Under the agreement,
ANZAC provides the services of Mr. Kamstra who is responsible for providing leadership for and input to the design, build, redevelopment
and commissioning of the Company’s projects in Botswana, delivering Stage 3 (Hot Commissioning) wherein the projects are producing
commercial levels of saleable concentrates, and assuming responsibility and authority for the effective leadership and management of the
re-engineering, engineering, construction and commissioning of the Botswana projects so as to confidently and reasonably project financial
results in line with objectives as provided by the Company. PRIL agreed to pay ANZAC a monthly service fee of US$50,000. All such amounts
are paid to Mr. Kamstra and attributable to the services he provided to PRIL. The agreement may be terminated by either PRIL or ANZAC
on 90 days’ written notice and does not contain any change of control, severance or constructive dismissal provision.

-51-

Norman
MacDonald

PREM,
Norman MacDonald and NAM Management Ltd. (“NAM”), a private company controlled by Mr. MacDonald, entered into a consulting
agreement dated June 24, 2024. Under the consulting agreement, NAM provided the services of Mr. MacDonald and performed such services
for PREM as agreed to from time to time by PREM and NAM. The initial services included providing advice and assistance to PREM, in collaboration
with the Chief Executive Officer, the Chief Financial Officer and