Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 501

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7A
Chunk 501
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 (and re-instate) the DSU Plan in whole or in part, or amend the terms of DSUs credited in accordance
with the DSU Plan, without approval of the Company’s shareholders. However, such suspension, termination or amendment is subject to the receipt
of all required regulatory approvals including, without limitation, the approval of the TSXV.

If
any such amendment, suspension or termination will materially or adversely affect the rights of a DSUP Member with respect to DSUs credited
to such director, then the written consent of the DSUP Member will be obtained. However, a DSUP Member’s written consent will not
be required if such amendment, suspension or termination is required in order to comply with applicable laws, regulations, rules, orders
of government or regulatory authorities or the requirements of any stock exchange on which shares of the Company are listed.

In
addition, the Company may not make the following amendments to the DSU Plan without the approval of the Company’s shareholders: (i) an amendment
to remove or exceed the insider participation limit prescribed by the Corporate Finance Manual of the TSXV; (ii) an amendment to
increase the maximum number of Common Shares made available for issuance from treasury under the DSU Plan; (iii) an amendment to modify
the definition of “Eligible Director” in the DSU Plan; or (iv) an amendment to the amending provision within the DSU
Plan.

If
the Board (or such other committee of the directors appointed to administer the DSU Plan) terminates the DSU Plan, DSUs previously credited
to DSUP Members will remain outstanding and in effect and be settled in due course in accordance with the terms of the DSU Plan.

Non-Transferability
of Awards

Except
as otherwise may be expressly provided for under the DSU Plan or pursuant to a will or by the laws of descent and distribution, no right
or interest of a DSUP Member under the DSU Plan is assignable or transferable.

Clawback

All
DSUs granted under the DSU Plan shall be and remain subject to any incentive compensation clawback or recoupment policy currently in
effect or as may be adopted by the Board.

RSU
Plan

The
restricted share unit plan (“RSU Plan”) was adopted by the Board on August 22, 2024, and approved by the Company’s shareholders
on October 29, 2024. The RSU Plan enables the Company upon approval by the