Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 125

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 125
---
 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 Corporate Finance Manual of the TSXV);

(b)within
                                            any one-year period, the Company shall not issue to Insiders under the DSU 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 Corporate Finance Manual of the TSXV); and

(c)within
                                            any one-year period, the Company shall not issue to any one person, or companies wholly-owned
                                            by that person, under the DSU Plan and all other security-based compensation arrangements
                                            of the Company and its subsidiaries, in the aggregate, a number of PREM Common exceeding
                                            5% of the issued and outstanding Common Shares, calculated on a non-diluted basis.

Administration
of Grants

The
Board may, at any time, grant DSUs to directors of the Company in consideration of service for any period specified in the resolution
authorizing such grant (except in lieu of accrued and unpaid compensation amounts).

In
addition, DSUP Members may elect to receive DSUs instead of cash remuneration in respect of his or her annual retainer, committee retainer
and meeting fees (or any portion thereof). The number of DSUs to be notionally credited to DSUP Members in lieu of cash remuneration
shall be determined on a quarterly basis, as of the final day of any quarterly period (the “Crediting Date”), calculated
as the quotient obtained when (i) the aggregate value of the cash remuneration that would have been paid to such DSUP Member, is divided
by (ii) the DSU Market Price as of the last day of such quarterly period.

Unless
otherwise specified by the Board and/or included in any award agreement, DSUs credited to a DSUP Member shall be fully vested on the
applicable Crediting Date.

Redemption

The
DSUs credited to the account of a director may only be redeemed following the date upon which the holder ceases to be a director. Depending
upon the country of residence of a director, the DSUs may be redeemed at any time