Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 128

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 128
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 any particular date, to the volume weighted average trading price of the Common Shares for the
five (5) consecutive trading days prior to such date (“RSU Market Price”).

Dividends

A
participant shall be credited on each dividend payment date (other than stock dividends payable in Common Shares), with additional RSUs.
The number of additional RSUs shall be determined by dividing: (a) the product obtained by multiplying (i) a dollar amount equal to such
dividend declared and paid by the Company on the Common Shares on a per share basis, by (ii) the number of RSUs held by the participant
on the record date for the payment of any such dividend; by (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%