Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 56

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 7
Chunk 56
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4;        
  (c)      specific restrictions with respect to adjustments to security based compensation. Any adjustment to stock options granted or issued (except in relation to a consolidation or share split) is sub...  

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  (d)      Investor Relations Service Providers may not receive any Security Based Compensation other than Stock Options; and                                                                                    
  (e)      The TSX Venture Exchange four month hold period will now apply to Options granted to Consultants in addition to Options granted to Options granted to Insiders or granted at any discount to the ...  
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The New Plan also allows for option holders to exercise options on a “ Cashless Exercise” or “ Net Exercise” basis, as now expressly permitted by Policy 4.4. “ Cashless Exercise” is a method of exercising stock options in which a securities dealer loans funds to the option holder or sells the same shares as those underlying the option, prior to or in conjunction with the exercise of options, to allow the option holder to fund the exercise of some or all of their options. “ Net Exercise” is a method of option exercise under which the option holder does not make any payment to the issuer for the exercise of their options and receives on exercise a number of shares equal to the intrinsic value (current market price less the exercise price) of the option valued at the current market price. Under Policy 4.4, the current market price must be the 5-day volume weighted average trading price prior to option exercise. “ Net Exercise” may not be utilized by persons performing investor relations services.

ITEM 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS