Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 507

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7A
Chunk 507
---
,
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 other senior officers of PREM and its affiliates, in connection with
(i) the capital markets strategy of PREM and the execution thereof, (ii) the other financing strategies and opportunities of PREM, (iii)
capital budgeting, and (iv) such other advice or services as PREM may reasonably request from time to time. The Company incurred $58,500
under this agreement in 2024, and all such amounts were paid to Mr. MacDonald and attributable to the services he provided to the Company.
In September 2024, this consulting agreement was mutually terminated.

Estimated
Incremental Payments

The
following shows the estimated incremental payments that would be payable to each of the executive officers of the Company in the event
of a change of control or termination without cause of such executive officers on December 31, 2024.

    Name 
    Estimated Change of Control
                                                                               Payment(1) ($)  
    Estimated Termination Without
                                                                               Cause
                                            Payment(2) ($) 
  
    Peter Rawl