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Document

Exhibit 4.1
DESCRIPTION OF CAPITAL STOCK 
        The following is a description of our capital stock and does not purport to be complete. For a more detailed description of our capital stock, see the applicable provisions of the Delaware General Corporation Law (the "DGCL"), ANGI's amended and restated certificate of incorporation (the "Certificate of Incorporation") and ANGI's amended and restated bylaws (the "Bylaws"). This description is subject to, and qualified in its entirety by reference to, the DGCL, the Certificate of Incorporation and the Bylaws, all of which are incorporated by reference as exhibits to this Annual Report on Form 10-K, of which this Exhibit 4.1 is a part. 
ANGI Authorized Capital Stock 
        Our authorized capital stock consists of 5,500,000,000 shares of stock, comprised of 2,000,000,000 shares of Class A Common Stock, par value $0.001 per share (“Class A Common Stock”), 1,500,000,000 shares of Class B Common Stock, par value $0.001 per share ("Class B Common Stock"), 1,500,000,000 shares of Class C Common Stock, par value  $0.001 per share ("Class C Common Stock"), and 500,000,000 shares of preferred stock, par value $0.001 per share (“Preferred Stock”). 
As of  January 29, 2021, there were 78,192,070 shares of Class A Common Stock outstanding, 421,861,990 shares of Class B Common Stock outstanding and no shares of Class C Common Stock or preferred stock outstanding. The number of authorized shares of any class of stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the vote of the holders of a majority of the voting power of all then-outstanding shares of Class A Common Stock, Class B Common Stock and any outstanding series of preferred stock entitled to vote thereon, voting together as one class. Shares of Class A Common Stock are registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and shares of Class B Common Stock are not registered pursuant to Section 12. 
ANGI Common Stock 
        The rights of holders of Class A Common Stock, Class B Common Stock and Class C Common Stock are identical, except for the differences described below under "—Voting Rights," "—Dividend Rights" and "—Conversion Rights." Any authorized but unissued shares of Class A Common Stock, Class B Common Stock and Class C Common Stock are available for issuance by the ANGI board of directors without any further stockholder action, subject to any limitations imposed by the Marketplace Rules of The Nasdaq Stock Market, LLC (the "Nasdaq Rules"). 
Voting Rights 
        Holders of Class A Common Stock are entitled to one vote per share on all matters to be voted upon by stockholders. Holders of Class B Common Stock are entitled to ten votes per share on all matters to be voted upon by stockholders. Holders of Class C Common Stock are not entitled to any votes per share (except as, and then only to the extent, otherwise required by the laws of Delaware, in which case holders of Class C Common Stock are entitled to one one-hundredth of a vote per share). Holders of Class A Common Stock, Class B Common Stock and Class C Common Stock do not have cumulative voting rights in the election of directors. 
Dividend Rights 
        Holders of Class A Common Stock, Class B Common Stock and Class C Common Stock are entitled to ratably receive dividends (other than in the event of a share distribution or an asset distribution, as further described below) if, as and when declared from time to time by the ANGI board of directors in its discretion out of funds legally available for that purpose, after payment of any dividends required to be paid on any outstanding preferred stock. Under Delaware law, we can only pay dividends either out of "surplus" or out of the current or the immediately preceding year's net profits. Surplus is defined as the excess, if any, at any given time, of the total assets of a corporation over its total liabilities and statutory capital. The value of a corporation's assets can be measured in a number of ways and may not necessarily equal their book value. 
        In a distribution of shares of ANGI common stock, we may distribute: (i) shares of Class C Common Stock (or securities convertible into or exercisable or exchangeable for shares of Class C Common Stock), on an equal per share basis, to holders of Class A Common Stock, Class B Common Stock and Class C Common Stock or (ii) (x) shares of Class A Common Stock (or securities convertible into or exercisable or exchangeable for shares of 
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Class A Common Stock), on an equal per share basis, to holders of Class A Common Stock, (y) shares of Class B Common Stock (or securities convertible into or exercisable or exchangeable for shares of Class B Common Stock), on an equal per share basis, to holders of Class B Common Stock and (z) shares of Class C Common Stock (or securities convertible into or exercisable or exchangeable for shares of Class C Common Stock), on an equal per share basis, to holders of Class C Common Stock. 
        In a distribution of any other of our securities or the capital stock or other securities of another person or entity, we may choose to distribute: (i) identical securities, on an equal per share basis, to holders of Class A Common Stock, Class B Common Stock and Class C Common Stock, (ii) a separate class or series of securities to holders of shares of Class A Common Stock, a separate class of securities to holders of shares of Class B Common Stock and a separate class or series of securities to holders of shares of Class C Common Stock, on an equal per share basis, (iii) a separate class or series of securities to holders of shares of Class B Common Stock and a different class or series of securities to holders of shares of Class A Common Stock and Class C Common Stock, on an equal per share basis or (iv) a separate class or series of securities to holders of shares of Class C Common Stock and a different class or series of securities to holders of shares of Class A Common Stock and Class B Common Stock, on an equal per share basis, provided that, in the case of clause (ii), (iii) or (iv), the different classes or series of securities to be distributed are not different in any respect other than their relative voting rights (and any related differences in designation, conversion, redemption and share distribution provisions, as applicable), with either (x) holders of shares of Class B Common Stock receiving the class or series of securities having the highest relative voting rights or (y) holders of shares of Class B Common Stock and Class A Common Stock receiving a class or series of securities having the highest relative voting rights. A dividend involving a class or series of securities of another person or entity may be treated as a share distribution or as an asset distribution as determined by our board of directors. 
        In a distribution of our assets (including shares of any class or series of capital stock of another person or entity owned by us) to holders of any class or classes of common stock, a dividend in cash and/or other property will be paid to holders of each other class of common stock then outstanding on an equal per share basis in an amount, in the case of a dividend consisting solely of cash, equal to the fair market value of such holders' ownership interest in the assets paid as a dividend pursuant to the asset distribution, or having a fair market value, in the case of any other dividend, equal to the fair market value of such holders' ownership interest in assets paid as a dividend pursuant to the asset distribution. 
        The ANGI board of directors has the power and authority to, in good faith, make all determinations regarding, among other things: (i) whether or not a dividend is an equal dividend per share or is declared and paid on an equal per share basis, (ii) whether one or more classes or series of securities differ in any respect other than their relative voting rights and (iii) any other interpretations that may be required under the dividend rights provisions of the ANGI Certificate of Incorporation described above. 
Conversion Rights 
        Shares of Class B Common Stock are convertible into shares of Class A Common Stock at the option of the holder at any time on a share for share basis. The conversion ratio will in all events be equitably preserved in the event of any recapitalization of the Company by means of a stock dividend on, or a stock split or combination of, the outstanding shares of Class A Common Stock or of Class B Common Stock, or in the event of any merger, consolidation or other reorganization of the Company with another corporation. Upon the conversion of a share of Class B Common Stock into a share of Class A Common Stock, the applicable share of Class B Common Stock will be retired and will not be subject to reissue. Shares of Class A Common Stock and shares of Class C Common Stock have no conversion rights. 
Liquidation Rights 
        Upon the liquidation, dissolution or winding up of ANGI , holders of Class A Common Stock, Class B Common Stock and Class C Common Stock are entitled to receive ratably the assets available for distribution to the stockholders after the rights of holders of shares of preferred stock have been satisfied. 
Other Matters 
        Shares of Class A Common Stock, Class B Common Stock and Class C Common Stock have no preemptive rights pursuant to the terms of ANGI's Certificate of Incorporation and Bylaws. There are no redemption or sinking 
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fund provisions applicable to shares of Class A Common Stock, Class B Common Stock or Class C Common Stock. All outstanding shares of Class A Common Stock and of Class B Common Stock are fully paid and non-assessable. 
Listing 
        ANGI Class A Common Stock is listed on The Nasdaq Global Select Market under the symbol "ANGI." 
Transfer Agent and Registrar 
        The transfer agent and registrar for ANGI Class A Common Stock is Computershare Trust Company, N.A. 
Preferred Stock 
        Pursuant to ANGI's Certificate of Incorporation, shares of preferred stock are issuable from time to time, in one or more series, with the designations of the series, the voting rights of the shares of the series (if any), the powers, preferences and relative, participation, optional or other special rights (if any), and any qualifications, limitations or restrictions thereof as our board of directors from time to time may adopt by resolution (and without further stockholder approval, subject to any limitation imposed by Nasdaq Rules). The rights, preferences and privileges of such preferred stock may be greater than, and may adversely affect, the rights of our common stock. Each series will consist of that number of shares as will be stated and expressed in the certificate of designations providing for the issuance of the preferred stock of the series. 
Anti-Takeover Effects of Provisions of the Certificate of Incorporation, Bylaws and Other Agreements 
        Certain provisions of the and certain provisions of ANGI's Certificate of Incorporation and Bylaws summarized below may be deemed to have an anti-takeover effect and may delay, deter or prevent a tender offer or takeover attempt that a stockholder might consider to be in such stockholder's best interests, including attempts that might result in a premium being paid over the market price for the shares held by our stockholders. 
Multi-Class Structure 
        As discussed above, each share of Class B Common Stock has ten votes per share, while each share of Class A Common Stock (the only class of our stock that is publicly traded) has one vote per share. Except as provided in the ANGI Certificate of Incorporation or by the DGCL, the holders of Class A Common Stock and the holders of Class B Common Stock vote on all matters (including the election of directors) together as one class. Our Class C Common Stock, of which no shares are outstanding, do not have any voting rights. IAC owns and controls all of the outstanding shares of Class B Common Stock, which at this time constitutes a substantial majority of both the total voting power and the total number of shares of our total outstanding capital stock. Even if IAC in the future owns significantly less than 50% of our total outstanding capital stock, because of the multi-class structure of our common stock and the higher relative voting rights of Class B Common Stock compared to Class A Common Stock, IAC will be able to control all matters in which the Class A Common Stock and the Class B Common Stock vote together as one class that are submitted to our stockholders for approval. This concentrated control could discourage others from initiating any potential merger, takeover or other change of control transaction that other stockholders may view as beneficial. 
Director Vacancies 
        The DGCL provides that board vacancies and newly created directorships may be filled by a majority of the directors then in office (even though less than a quorum) or by a sole remaining director unless: (i) otherwise provided in the certificate of incorporation or bylaws of the corporation or (ii) the certificate of incorporation directs that a particular class of stock is to elect such director, in which case a majority of the other directors elected by such class, or a sole remaining director elected by such class, will fill such vacancy. 
        ANGI's Bylaws provide that vacancies and newly created directorships may be filled by the vote of a majority of the remaining directors elected by the stockholders who vote on such directorship (even if less than a quorum) or the vote or written consent of a majority of the voting power of the shares of our stock issued and outstanding and entitled to vote on such directorship (subject to the provisions of the Investor Rights Agreement, dated September 29, 2017 (the "Investor Rights Agreement"), by and between ANGI and IAC, concerning two ANGI-Designated Directors (as such term is defined in the Investor Rights Agreement)). 

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No Cumulative Voting 
        Under the DGCL, cumulative voting for elections of directors is not permitted unless the corporation's certificate of incorporation specifically provides for it. ANGI’s Certificate of Incorporation does not provide for cumulative voting. 
Special Meetings of Stockholders 
        Under the DGCL, a special meeting of stockholders may be called by the board of directors or by such other persons as may be authorized in the certificate of incorporation or the bylaws of the corporation. 
        ANGI’s Bylaws provide that special meetings of the stockholders may be called by the chairman of the ANGI board of directors or by a majority of ANGI directors. ANGI stockholders, however, may not call for a special meeting of stockholders. 
Amending ANGI’s Certificate of Incorporation and Bylaws 
        Under the DGCL, a certificate of incorporation may be amended if: (i) the board of directors adopts a resolution setting forth the proposed amendment, declares the advisability of the amendment and directs that it be submitted to a vote at a meeting of stockholders (except that, unless required by the certificate of incorporation, no meeting or vote of stockholders is required to adopt an amendment for certain specified changes) and (ii) the holders of a majority of shares of stock entitled to vote on the matter approve the amendment, unless the certificate of incorporation requires the vote of a greater number of shares. If a class vote on the amendment is required by the DGCL, or by the certificate of incorporation, approval by a majority of the outstanding shares of stock of the class is required, unless a greater proportion is specified in the certificate of incorporation or by other provisions of the DGCL. The ANGI Certificate of Incorporation provides that we reserve the right to amend, alter, change or repeal any provision contained in such Certificate of Incorporation, as prescribed by the DGCL. 
        Under the DGCL, the board of directors may adopt, amend or repeal a corporation's bylaws if so authorized in the certificate of incorporation. The stockholders of a Delaware corporation also have the power to adopt, amend or repeal bylaws. 
        ANGI’s Certificate of Incorporation and Bylaws allow ANGI board of directors to adopt, amend or repeal ANGI's Bylaws by the vote of a majority of all directors. Under the Investor Rights Agreement, however, up until the date on which the 2021 annual meeting of our stockholders is held, IAC has agreed not to vote in favor of any amendments to the ANGI Certificate of Incorporation or Bylaws that would be inconsistent with certain provisions of the Investor Rights Agreement and would adversely affect the rights of holders of Class A Common Stock, other than as may be approved by the audit committee of the ANGI board of directors and a majority of the holders of Class A Common Stock. 
Authorized but Unissued Shares 
        Delaware companies are permitted to authorize shares that may be issued in the future. A substantial number of unissued shares of ANGI Class A Common Stock, Class B Common Stock, Class C Common Stock and preferred stock are available for future issuances by the ANGI board of directors without stockholder approval, subject to any limitations imposed by Nasdaq Rules. Issuances of these shares could be utilized for a variety of corporate purposes, including future offerings to raise additional capital, acquisitions and employee benefit plans. The existence of any authorized but unissued and unreserved Class A Common Stock, Class B Common Stock, Class C Common Stock and preferred stock could render more difficult or discourage an attempt to obtain control of ANGI by means of a proxy contest, tender offer, merger or otherwise. 
Exclusive Jurisdiction 
        ANGI’s Bylaws provide that a state court located within Delaware, or if no state court located within Delaware has jurisdiction, the federal district court for the District of Delaware, shall be the exclusive forum for all of the following: (i) any derivative action or proceeding brought on our behalf, (ii) any action asserting a claim for or based on breach of fiduciary duty owed by any current or former director or officer or other employee of ANGI to us or to our stockholders, (iii) any action asserting a claim against ANGI or any of its current or former directors, officers or other employees pursuant to the DGCL, the ANGI Certificate of Incorporation or Bylaws, (iv) any action asserting a claim relating to or involving us that is governed by the internal affairs doctrine or (v) any action asserting an "internal corporate claim," as defined under the DGCL. 
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Limitation on Liability and Indemnification of Directors and Officers 
        Under the DGCL, subject to specified limitations in the case of derivative suits brought by a corporation's stockholders in its name, a corporation may indemnify any person who is made or is threatened to be made a party to any action, suit or proceeding on account of being a director, officer, employee or agent of the corporation (or was serving at the request of the corporation in such capacity for another corporation, partnership, joint venture, trust or other enterprise) against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him or her in connection with the action, suit or proceeding, provided that there is a determination that: (i) the individual acted in good faith and in a manner the individual reasonably believed to be in or not opposed to the best interest of the corporation and (ii) in a criminal action or proceeding, the individual had no reasonable cause to believe his or her conduct was unlawful. Without court approval, however, no indemnification may be made in respect of any derivative action in which an individual is adjudged liable to the corporation, except to the extent the Delaware Court of Chancery or the court in which such action or suit was brought determines upon application that, despite the adjudication but in view of all the circumstances of the case, such person is fairly and reasonably entitled to be indemnified. 
        The DGCL requires indemnification of directors and officers for expenses (including attorneys' fees) actually and reasonably relating to a successful defense on the merits or otherwise of a derivative or third party action. 
        Under DGCL, a corporation may advance expenses relating to the defense of any proceeding to directors and officers upon the receipt of an undertaking by or on behalf of the individual to repay such amount if it is ultimately determined that such person is not entitled to be indemnified. 
        The DGCL permits the adoption of a provision in a corporation's certificate of incorporation limiting or eliminating the monetary liability of a director to a corporation or its stockholders by reason of a director's breach of the fiduciary duty of care. The DGCL does not permit any limitation of the liability of a director for: (i) breaching the duty of loyalty to the corporation or its stockholders, (ii) acts or omissions not in good faith, (iii) engaging in intentional misconduct or a known violation of law, (iv) obtaining an improper personal benefit from a transaction or (v) paying a dividend or approving a stock repurchase or redemption that was illegal under applicable law. 
        In addition, ANGI’s Certificate of Incorporation provides that it must indemnify its directors and officers to the fullest extent authorized by law. Under ANGI’s Bylaws, ANGI is also expressly required to advance certain expenses to its directors and officers and is permitted to carry directors' and officers' insurance providing indemnification for its directors and officers for some liabilities. 
Waiver of Corporate Opportunity of IAC and Officers and Directors of IAC 
        The DGCL permits the adoption of a provision in a corporation's certificate of incorporation renouncing any interests or expectancy of a corporation in, or in being offered an opportunity to participate in, specified business opportunities or specified classes or categories of business opportunities that are presented to the corporation or one or more of its officers, director or stockholders. 
        ANGI’s Certificate of Incorporation includes a "corporate opportunity" provision that renounces any of its interests or expectancy: (i) to participate in any business of IAC or (ii) in any potential transaction or matter that may constitute a corporate opportunity for both (a) IAC and (b) ANGI. Under this provision, ANGI further recognizes that: (x) any of its directors or officers who are also officers, directors, employees or other affiliates of IAC or its affiliates (except that ANGI and its subsidiaries will not be deemed affiliates of IAC or its affiliates for the purposes of this provision) and (y) IAC itself has no duty to offer or communicate information regarding such a corporate opportunity. The provision generally provides that neither IAC nor our officers or directors who are also officers or directors of IAC or its affiliates will be liable to ANGI or its stockholders for breach of any fiduciary duty by reason of: (A) such person's participation in any business on behalf of IAC or (ii) the fact that any such person pursues or acquires any corporate opportunity for the account of IAC or its affiliates, directs or transfers such corporate opportunity to IAC or its affiliates, or does not communicate information regarding such corporate opportunity to ANGI. This renunciation does not extend to corporate opportunities expressly offered to ANGI officers or directors solely in their capacities as an officer and/or director of ANGI. 
5Exhibit 10.1

 

LICENSE AND ROYALTY AGREEMENT

 

This License and Royalty Agreement is entered
into as of February 10, 2021

 

BETWEEN:

ST-GEORGES ECO-MINING CORP.,
a company governed by the laws of Canada (“SX”);

 

AND

 

ST-GEORGES METALLURGY CORP.,
a company governed by the laws of Canada (“SXM”);

 

AND

 

ALTAIR INTERNATIONAL CORP.,
a company incorporated under the laws of the State of Nevada (“Altair” and together with SX and SXM, the “Parties”).

 

WHEREAS:

 

		A.	SXM is the exclusive owner of the SX Lithium Extraction Technology (as defined below).

 

		B.	SX and its Affiliates (as defined below) are currently developing the SX EV Battery Recycling Technology
(as defined below).

 

		C.	SXM wishes to license the SX Lithium Extraction Technology to Altair for Altair’s lithium
bearing prospects in the United States.

 

		D.	SX wishes to grant access to the SX EV Battery Recycling Technology to Altair and Altair has agreed
to act as a master agent to promote the licensing and deployment of the SX EV Battery Recycling Technology in North America.

 

		E.	Altair may hold Earn In Agreements and have concessions on Properties (as defined below) from time
to time.

 

		F.	Altair has agreed to provide SX with a net revenue interest royalty (the “Royalty”)
on all metals and minerals extracted (the “Products”) and sold from the Properties as calculated and paid in
accordance with this Agreement.

 

		G.	SX has agreed to provide Altair with a trailer fee on any royalty received by SX from the licensing
of the SX EV Battery Recycling Technology to Altair Licensees (as defined below).

 

NOW THEREFORE in consideration of
the mutual covenants and agreements contained herein and as set forth below and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged by each of the Parties hereto, it is agreed as follows:

 

    	 	 

     

    

 

Article 1

Definitions

 

		1.1	Definitions. In this Agreement:

 

		(a)	“Affiliate” means, with respect to any Person, any other Person that directly,
or indirectly through one or more intermediaries, Controls, is Controlled by, or is under common Control with, the specified Person.

 

		(b)	“Altair Licensees” means, collectively, each licensee of the SX EV Battery Recycling
Technology referred by Altair or its Sub-Agents, or as a result of Altair or its Sub-Agents acting as agent.

 

		(c)	“Agreement” means this license and royalty agreement together with any schedules,
as may be amended from time to time.

 

		(d)	“Claim” means any and all claims, demands, suits, proceedings, attachments,
levies, damages, losses, fines, penalties, costs of investigation, analytical costs, or other expenses (including solicitor and
own-client costs on a full indemnity basis).

 

		(e)	“Confidential Information” means

 

		(i)	the existence and contents of this Agreement, including any schedule thereto (subject to any written
agreement between the Parties to publicly announce the Agreement);

 

		(ii)	any information, knowledge, know-how, data, reports, notes, analyses, studies, interpretations,
forecasts, audit reports, financial data, accounting information, customer information, product information, market information,
pricing information, works, computer programs, trade secrets, statistics, scientific information, technical information, designs,
algorithms, procedures, inventions (whether patentable or not and whether reduced to practice or not), research and development,
technology, intellectual property, processes, systems, methodologies, ideas, innovations, business information, compilations, lists
and other records concerning the business, financial, commercial, trade, and administrative affairs of the Disclosing Party, or
of the employees or contractors of the Disclosing Party, that are either owned by or in the rightful possession of the Disclosing
Party; and

 

		(iii)	any other information belonging to the Disclosing Party that is marked “confidential”,

 

which, prior
to the date hereof, has been or, after the date hereof, may become known to the Recipient that is not, at the time of disclosure
hereunder, available or known to the general public, or that, by its nature or the nature of disclosure would reasonably be determined
to be confidential, whether the form or manifestation of such Confidential Information is oral, or in written, electronic, digital,
graphic, or any other tangible or intangible form whatsoever.

 

		(f)	“Control” by one Person of another Person means possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of such other Person, whether through the ownership of
voting securities, by contract, or otherwise; and the term “Controlled” shall have a corresponding meaning.

 

    	 	- 2 -	 

     

    

 

		(g)	“Disclosing Party” means the Party that discloses Confidential Information to
the other Party.

 

		(h)	“Dispute” has the meaning ascribed thereto in Section 9.1.

 

		(i)	“Excess Portion” has the meaning ascribed thereto in Section 3.1(a)(ii).

 

		(j)	“Force Majeure Event” has the meaning ascribed thereto in Section 10.6.

 

		(k)	“Improvements” means all customizations, developments, enhancements, revisions,
corrections, improvements, modifications, derivations, derivative works of, upgrades and adaptations (whether patentable or not)
to the SX Lithium Extraction Technology or the SX EV Battery Recycling Technology, as applicable.

 

		(l)	“Indemnitee” has the meaning ascribed thereto in Section 8.3.

 

		(m)	“Indemnitor” has the meaning ascribed thereto in Section 8.3.

 

		(n)	“Intellectual Property Rights” means any and all intellectual property rights
under statutory or common law or by contract or otherwise and whether or not perfected or protectable, anywhere in the world, both
individually and collectively, including all: (i) rights in and under patents (including any expired patents for which a right
to sue for past damages remains) and patent applications (including provisionals); (ii) rights associated with works of authorship
including copyrights and mask works and registrations thereof; (iii) rights relating to trade secrets, know-how, manufacturing
and production processes and techniques, research and development information and other confidential technical and non-technical
information; (iv) other proprietary rights relating to intangible property in any jurisdiction, now existing, or hereafter filed,
issued or acquired, and all applications and registrations therefor; and (v) divisions, continuations, continuations-in-part, renewals,
reissues, re-examinations, and extensions of any of the foregoing now existing or hereafter filed, issued or acquired.

 

		(o)	“Knowledge” means, as to the existence or absence of a fact, the actual knowledge,
after reasonable inquiry, of any officer of a Party or Person, as the case may be.

 

		(p)	“Law” means any statute, law, ordinance, regulation, rule, code, order, constitution,
treaty, common law, judgment, decree, other requirement or rule of law of any governmental authority.

 

		(q)	“License” has the meaning ascribed thereto in Section 2.1.

 

		(r)	“Licensed IP” means all Intellectual Property Rights necessary or useful to
practice the SX Lithium Extraction Technology anytime during the term of this Agreement, including (i) all inventions and Improvements
owned or held for use by SXM and/or its Affiliates, and (ii) all know-how relating to the SX Lithium Extraction Technology.

 

		(s)	“Party” and “Parties” have the meaning ascribed thereto above.

 

    	 	- 3 -	 

     

    

 

		(t)	“Permitted Use” means use by a Party that, in the Party’s sole discretion,
acting reasonably, is necessary to perform the Party’s obligations hereunder or exercise the Party’s rights hereunder.

 

		(u)	“Person” will be construed broadly and includes an individual, corporation,
partnership, joint venture, limited liability company, governmental authority, unincorporated organization, trust, association
or other entity.

 

		(v)	“Personnel” means directors, officers, employees, agents, and Representatives
of a Party.

 

		(w)	“Products” has the meaning ascribed thereto in the recitals to this Agreement.

 

		(x)	“Properties” means, collectively, any property located in the United States
in which Altair holds an Earn In Agreement, concessions or claims from time to time.

 

		(y)	“Protected Third Party” means any Third Party with which Altair initiated discussions
to license the SX EV Battery Recycling Technology or act as a Sub-Agent.

 

		(z)	“Recipient” means the Party that receives Confidential Information from the
other Party.

 

		(aa)	“Representative” means any contractor, subcontractor, or outside consultant
of a Party, including any financial, legal, or other professional advisor.

 

		(bb)	“Royalty” has the meaning ascribed thereto in the recitals to this Agreement.

 

		(cc)	“Sub-Agent” means any Third Party Altair appoints as a sub-agent pursuant to
this Agreement.

 

		(dd)	“SX EV Battery Recycling Technology” means the technology in lithium bearing
battery recycling being developed by SX and its Affiliates and any Improvements thereon.

 

		(ee)	“SX Lithium Extraction Technology” means the patent pending extraction methods
and technology in separation, recovery and purification of lithium owned by SXM, and any Improvements thereon.

 

		(ff)	“SX Technology” means, collectively, the SX EV Battery Recycling Technology
and the SX Lithium Extraction Technology.

 

		(gg)	“Third Party” means a Person other than the Parties and their Affiliates.

 

		(hh)	“Trailer Fee” means the 1% trailer fee on any royalty SX receives from licensees
of the SX EV Battery Recycling Technology that are Altair Licensees.

 

		1.2	Interpretation.
In this Agreement:

 

		(a)	The terms “Agreement”, “this Agreement”, “the Agreement”, “hereto”,
 “hereof”, “herein”, “hereby”, “hereunder” and similar expressions refer to this
Agreement in its entirety and not to any particular provision hereof;

 

		(b)	References to an “Article” or “Section” followed by a number or letter
refer to the specified Article or Section of this Agreement, respectively;

 

    	 	- 4 -	 

     

    

 

		(c)	The recitals to this Agreement form an integral part of this Agreement and are incorporated herein
by reference;

 

		(d)	The division of this Agreement into articles and sections and the insertion of headings are for
convenience of reference only and shall not affect the construction or interpretation of this Agreement;

 

		(e)	Words importing the singular number only shall include the plural and vice versa and words importing
the masculine gender shall include the feminine and neuter genders and vice versa;

 

		(f)	Unless otherwise indicated, any reference to a statute, regulation or rule shall be construed to
be a reference thereto as the same may from time to time be amended, re-enacted or replaced, and any reference to a statute shall
include any regulations or rules made thereunder;

 

		(g)	The words “include”, “includes”, “including” and similar words
and phrases are not limiting (whether or not non-limiting language such as “without limitation” or other words of similar
import are used with reference thereto);

 

		(h)	Reference to any agreement or other instrument in writing means such agreement or other instrument
in writing as amended, modified, replaced or supplemented from time to time;

 

		(i)	Time shall be of the essence in all respects of this Agreement;

 

		(j)	Unless otherwise indicated, time periods referring to “days” shall mean calendar days;

 

		(k)	Unless otherwise indicated, time periods within which a payment is to be made or any other action
is to be taken hereunder shall be calculated excluding the day on which the period commences and including the day on which the
period ends; and

 

		(l)	Whenever any payment to be made or action to be taken hereunder is required to be made or taken
on a day other than a business day of the payor, such payment shall be made or action taken on the next following business day
of the payor.

 

Article 2

Technology

 

2.1          License
to SX Lithium Extraction Technology. SXM hereby grants to Altair a non-exclusive license to use the Licensed IP within the
United States for the term of this Agreement.

 

2.2          Master
Agent for SX EV Battery Recycling Technology. SX hereby grants to Altair access to the SX EV Battery Recycling Technology
and the right to act as an exclusive master agent with respect to the SX EV Battery Recycling Technology in North America. Notwithstanding
anything contained in this Agreement, SX and its Affiliates shall retain the right to market, promote, license and sell the SX
EV Battery Recycling Technology to Third Parties.

 

		(a)	Marketing Materials.  SX shall provide to Altair copies of any research and development
report and marketing materials relating to the SX EV Battery Recycling technology within 60 days of such materials becoming available.

 

    	 	- 5 -	 

     

    

 

		(b)	Sub-Agents. Altair shall have the right to appoint Sub-Agents. Each Sub-Agent will enter
into an agency agreement with SX and Altair setting out the rights and obligations of such Sub-Agents in relation to the sub-agency
relationship. Altair shall be responsible for the enforcement of such agency agreements against the Sub-Agents in accordance with
the terms of the agency agreements.

 

		(c)	Non-Solicitation of Protected Third Parties. SX hereby agrees not to solicit any Protected
Third Party for a period of three years from the date such Protected Third Party initially entered into discussions with Altair
with regards to the SX EV Battery Recycling Technology.

 

2.3          Ownership. SXM will retain ownership of the Licensed IP. SX will retain ownership of the SX EV Battery
Recycling Technology and any Intellectual Property Rights related thereto.

 

2.4           Improvements.
The Parties expressly acknowledge and agree that all right, title and interest in, to or under any Improvements (except to
the extent provided herein) will be the exclusive property of SX and SXM, as applicable, automatically upon the generation or
creation thereof. SX or SXM, as applicable, shall as soon as practicable inform Altair, in writing, of any material Improvements
and shall provide, free of charge, documents and information reasonably required to practice such Improvements.

 

Article 3

ROYALTY AND TRAILER FEE

 

		3.1	Royalty.

 

		(a)	Royalty. Altair shall pay to SX the Royalty for all Products produced by Altair using the
SX Lithium Extraction Technology from the Properties or pooled therewith and saved and removed therefrom and sold, or processed
and sold, by or for Altair, subject to the pooling provisions contained herein. Subject to Section 4.6 (Withholding Tax), all payments
of Royalties shall be for the gross amount due, without withholding or deduction. The Royalty shall be calculated as follows:

 

		(i)	for all Products sold, the Royalty reserved to SX shall be 5% of the net revenue received by Altair
for any such Product;

 

		(ii)	the Royalty set out in clause (i) shall be 3% of the net revenue on all payments in excess of US$8,000,000
of production on an annualized basis (the “Excess Portion”);

 

		(iii)	the Excess Portion ceiling amount will be indexed using U.S. Federal Reserve inflation data; and

 

		(iv)	in the event that Altair, the mine operator or its successors decide to stockpile the Product and
stockpiling exceeds six months, an advance Royalty of an estimate of 2% of the commercial net value within the net revenue will
be paid to SX.

 

		(b)	Altair agrees to make a written report to SX within 30 days
of the end of any month in which there are Royalties payable under this Agreement and within 30 calendar days of any termination
or expiration of this Agreement, containing a detailed summary of the revenue received by Altair for the Products during
the applicable period.

 

    	 	- 6 -	 

     

    

 

		3.2	Reasonable Diligence. Altair shall use reasonable diligence to sell the Product on which
a Royalty is payable under the terms of this Agreement but, in the exercise of such diligence, Altair shall not be obligated to
sell the Product under terms, conditions or circumstances which, in Altair’s sole judgment, exercised reasonably and in good
faith, is not in the best interest of Altair

 

		3.3	Pooling. Altair is hereby granted the right to pool up to a maximum of 50% of the Properties
with any other land in the vicinity thereof, whether owned by Altair or a Third Party, at any time, so long as the area so pooled,
as near as practicable, covers only the delineated ore body from which production attributable to the pooled area is concerned.
For the purposes of determining the Royalty under this Agreement, any Product produced from the land so pooled shall be allocated
to SX on the basis of surface acreage of the Properties as it related to the surface acreage of the land so pooled. It shall be
conclusively presumed, for purposes of this Agreement, that the Product produced from such pooled land is produced uniformly within
the boundaries of the pooled land, both as to quantity and quality.

 

		3.4	Comingling. Altair shall have the right to
mix and commingle the Product from the Properties, or land pooled therewith, with like substances produced from other land
for transporting, treating, processing and storing prior to or for the purpose of sale. Prior to such mixing or commingling Altair
shall weigh, sample and determine the wet weight, moisture content, and dry weight for any such Product, using sound engineering
practices and standards, and the volume of all Products produced shall be determined by adequate metering devices. Any such determining
of weight or volume, sampling and analytical practices and procedures applied by Altair shall be used as the basis of allocation
of the Royalty payable to SX hereunder in the event of a sale by Altair of materials so mixed or commingled or of Products produced
therefrom.

 

		3.5	Sampling, Assay, and Analysis. Any determination of weight, volume and moisture content,
and any sampling and analysis shall be made in accordance with sound mining and metallurgical practices and standard sampling and
analysis procedures prevailing in the lithium extraction industry. SX shall have the right to have a representative present at
the time the samples are taken. If Altair processes the Product or other compounds or products mined or extracted from the Property,
upon written request SX shall be furnished with a portion of all samples taken for analysis. Split samples shall be retained by
Altair for later analysis by an independent and qualified referee or arbitrator selected by mutual agreement of the Parties in
the event of a dispute concerning Altair’s assay of samples. All statements and reports wherein Altair’s assay of samples
are set forth shall be conclusively presumed true and correct unless, within 60 days after such statements or reports are delivered
to SX by Altair, SX makes written objection thereto and demands that an assay be performed by an independent and qualified referee
or arbitrator. In the event SX requires an independent assay be performed by an independent and qualified referee or arbitrator,
if the difference in metal or mineral content differs by less than 0.005%, the average of Altair’s and the referee’s
or arbitrator’s assays will be used. If the difference in metal or mineral content differs by more than 0.005%, the assay
of the referee or arbitrator shall be determinative.

 

		3.6	Inspection. SX, or its duly authorized Representatives, shall have the right at all reasonable
times, and at its own risk, to enter onto the Properties and workings thereon for the purpose of examining and inspecting the same
and ascertaining whether the terms and conditions of this Agreement are being carried out and performed by Altair, so long as such
access or inspection is made during normal business hours and does not interfere with the operations of Altair or the mine operator
of the Properties. SX, or its duly authorized Representatives, shall at all reasonable times have access to production records,
assays and evaluation of ore records, and all other records pertinent and necessary for substantiating the compliance of Altair
with the provisions of this Agreement.

 

    	 	- 7 -	 

     

    

 

		3.7	Treatment of Product. Altair may, but shall not be obligated to, treat, mill, heap leach,
sort, concentrate, refine, or otherwise process, beneficiate or upgrade the Products produced from the Properties, at sites located
on or off the Properties, prior to sale, transfer, or conveyance to a purchaser, user or other consumer. Altair shall not be liable
for mineral values lost in processing under sound practices and procedures, and no Royalty shall be due on any such lost mineral
values.

 

		3.8	Trailer Fee. SX shall pay to Altair the Trailer Fee
for all royalty payments SX receives from licensees of the SX EV Battery Recycling Technology that are Altair Licensees.
For greater certainty, SX is not entitled to any compensation received by Altair or its Sub-Agents for acting as agent or a referring
party from any project promotor or other Third Party.

 

Article 4

Payment

 

		4.1	Payment of Royalty.

 

		(a)	Altair shall pay all Royalty payments due to SX for the relevant period, accrued pursuant to Section
3.1(a), within 30 days after and in accordance with SX’s receipt of the report provided by Altair pursuant to Section 3.1(b),
except for any amounts disputed by Altair in good faith, and without withholding or deduction, subject to Section 4.6 (Withholding
Tax). Payments shall be accompanied by a settlement sheet showing the quantities the Product mined or extracted from the Properties,
saved and removed for sale or processing, proceeds of sale, purchase schedules, costs and other pertinent information in sufficient
detail to explain the calculation of the Royalty payments.

 

		(b)	All payments by Altair under this Agreement are to be made by electronic transfer into an account
nominated by SX, or in such other manner agreed by the Parties.

 

		(c)	Payment to SX of all fees due under this Agreement shall constitute payment in full for the License,
and Altair shall not be responsible for paying any other fees, costs or expenses.

 

		4.2	Payment of Trailer Fee. 

 

		(a)	SX shall pay any Trailer Fee payments due to Altair in respect of a royalty payment received from
an Altair Licensee for the relevant period within 30 days of receipt of the royalty payment from such Altair Licensee.

 

		(b)	All payments by SX under this Agreement are to be made by electronic transfer into an account nominated
by Altair, or in such other manner agreed by the Parties.

 

		(c)	Payment to Altair of all fees due under this Agreement shall constitute payment in full for the
acting as agent, and SX shall not be responsible for paying any other fees, costs or expenses.

 

		4.3	Interest on Overdue Payments. If any Party fails to make any payment in full when due, the
Party owed payment will be entitled (without prejudice to any other right or remedy it may have) to charge the owing Party interest
on the overdue amount at a rate equal to 2% per annum, calculated daily on the basis of a 365-day year from the date the payment
became due to the date of full and final payment. The application of this Section 4.2 shall not apply with respect to the failure
of the owing Party to pay any amounts disputed by the owing Party in good faith.

 

    	 	- 8 -	 

     

    

 

		4.4	Currency. Unless otherwise agreed in writing, all payments made under this Agreement are
to be made in Canadian dollars.

 

		4.5	Goods and Services Tax.

 

		(a)	Each Party shall be solely responsible for any taxes (including goods and/or service taxes) imposed
on the Party in relation to any license granted in this Agreement and in relation to any amount paid pursuant to this Agreement.

 

		4.6	Withholding Tax.

 

		(a)	If any Laws require the withholding of amounts of income or other taxes or other amounts from payments
made by a Party to the other under this Agreement, the Party making the payment will make such withholding payments as required
and add such amounts to the payments due to the other Party.

 

		(b)	The recipient Party will, on request of the paying Party, provide such information (including evidence
of tax residency) and sign such documentation as the paying Party reasonably requires in order for it to obtain credits or rebates,
or otherwise rely on benefits available to it, under any applicable double taxation treaties.

 

		4.7	Objections to Royalty Payments; Audit. All Royalty payments shall be considered final and
in full satisfaction of all obligations of Altair and unless SX gives Altair written notice describing a specific objection to
the calculation thereof within 60 days after receipt by SX of the statements herein provided for. For 30 days from the date of
Altair’ receipt of said notice, SX shall have the right to have Altair’s accounts and records, relevant to such objection,
audited by a certified public accountant acceptable to both Parties. In the event that the audit discovers any deficit or excess
payment, such amount shall be reflected in the next payment due to SX. If the variance between the amount of a Royalty payment
to SX and the amount calculated by the audit is less 5%, then the cost of the audit shall be paid by SX. If the variance between
the amount of a Royalty payment to SX and the amount calculated by the audit is greater than 5%, then the cost of the audit shall
be paid by Altair.

 

Article 5

Representations and Warranties

 

		5.1	Corporate Representations. Each Party represents and warrants to the other Parties that:

 

		(a)	it is duly organized, validly existing and in good standing as a corporation or other entity as
represented herein under the Laws of its jurisdiction of incorporation, formation or organization;

 

		(b)	it has and will continue to have the full right, power, and authority to enter into this Agreement,
to grant the rights and licenses granted hereunder and to perform its obligations hereunder and that it has not made and will not
make any commitments to others inconsistent with or in derogation of such rights and licenses;

 

		(c)	the execution of this Agreement by its representative whose signature is set forth at the end hereof
has been duly authorized by all necessary corporate action of the Party; and

 

    	 	- 9 -	 

     

    

 

		(d)	when executed and delivered by such Party, this Agreement will constitute the legal, valid and
binding obligation of such Party, enforceable against such Party in accordance with its terms, except as such enforceability may
be limited by bankruptcy, insolvency, moratorium, reorganization and such other Laws affecting creditors’ rights generally.

 

		5.2	Technology Warranties. Each of SX and SXM, as applicable, warrants that:

 

		(a)	in respect of the SX Technology, that it has the legal power to extend the rights granted to Altair
and its Affiliates in this Agreement; and

 

		(b)	to the Knowledge of SXM, the use of the Licensed IP, as of the date hereof, does not infringe,
misappropriate or otherwise violate any Intellectual Property Rights held by any Third Party.

 

5.3          Technology
Covenants. SXM covenants that it will exercise commercially reasonable due care to protect the Licensed IP throughout the
term of the Agreement.

 

Article 6

Confidentiality

 

6.1           Confidential Information. The Recipient shall not use or disclose Confidential Information without the
prior written consent of the Disclosing Party for any purpose other than the Permitted Use. The Recipient shall treat the Confidential
Information in the same way the Recipient treats its own confidential information and shall use all reasonable efforts to protect
the Confidential Information against unauthorized use or disclosure.

 

6.2           Permitted
Disclosure. Notwithstanding the foregoing, the Recipient may disclose Confidential Information:

 

		(a)	to such Personnel of the Recipient as is reasonably necessary for the Recipient to perform its
obligations or exercise its rights under this Agreement provided such Personnel of the Recipient have a legally binding obligation
to be bound by the obligations of the Recipient hereunder or are subject to confidentiality obligations with the Recipient that
apply to the Confidential Information and are at least as stringent as those contained in this Agreement. The Recipient shall be
liable to the Disclosing Party for any breach of this Agreement by the Recipient or by its directors, officers, employees, or Personnel;

 

		(b)	with the written consent of the Disclosing Party; or

 

		(c)	if, in the opinion of its legal counsel, the Recipient is required by applicable securities or
other Laws, legal process, regulations, or the rules of any securities exchange on which the Recipient’s securities (or the
securities of a related body corporate of the Recipient) are listed, to make any disclosure of Confidential Information, other
than where the Recipient’s obligation to disclose Confidential Information has arisen as a result of an act or omission on
behalf of the Recipient (or said related body corporate), the Recipient may make such disclosure, but only of that portion of the
Disclosing Party’s Confidential Information that is legally required. The Recipient will, if permitted by applicable Law,
consult with the Disclosing Party in advance of such disclosure and provide the Disclosing Party with a copy of any proposed written
disclosure in advance such that the Disclosing Party shall have a reasonable opportunity to protect its Confidential Information.
If such advance consultation is not reasonably
practicable or legally permitted, to the extent permitted under applicable Law, the Recipient shall provide the Disclosing Party
with a copy of any written disclosure or a detailed summary of any unwritten disclosure made by the Recipient, as applicable, as
soon as practicable thereafter.

 

    	 	- 10 -	 

     

    

 

6.3          Equitable
Remedies. The Parties each acknowledge and expressly agree that any breach or non-performance by the Recipient of its obligations
and duties in any connection with this Agreement shall cause the Disclosing Party immediate and irreparable harm for which damages
alone are not an adequate remedy. The Parties agree and acknowledge that the Disclosing Party’s entitlement to equitable
relief in any connection with this Agreement is fair and reasonable in the circumstances of this Agreement, and that neither of
the Parties would have entered into this Agreement but for the acknowledgements, remedial rights and obligations provided herein.
Such equitable remedies shall be in addition to any other rights that either Party may have under this Agreement, whether in law,
equity, or otherwise.

 

6.4          Exceptions.
Notwithstanding Section 6.1, the confidentiality obligations and limitations on use imposed by this Agreement shall not prevent
use or disclosure of any information or data which:

 

		(a)	is or subsequently becomes public knowledge, other than as a result of the disclosure of information
in breach of this Agreement;

 

		(b)	the Parties agree in writing is not the Disclosing Party’s Confidential Information;

 

		(c)	the Recipient can demonstrate was in its possession at the time of initial receipt from the Disclosing
Party or was thereafter developed by or for the Recipient independent of any disclosure of Confidential Information by the Disclosing
Party; or

 

		(d)	is lawfully disclosed to the Recipient by a third party which, to the Recipient’s Knowledge,
after due inquiry, does not breach a confidentiality obligation owed to the Disclosing Party by disclosing it to the Recipient.

 

6.5          Exceptions
 – Limited Scope. No specific information will be deemed to be within any of the exceptions contained in Section 6.4
merely because such information is within the scope of more general information that is within one or more of the exceptions.
Further, in the event of any dispute between the Parties as to whether specific information is within one or more of the exceptions
outlined in Section 6.4, the Recipient will bear the burden of proof, by clear and convincing evidence, that such information
is within the claimed exception outlined in Section 6.4.

 

6.6           Return/Destruction.
Promptly upon request by a Party after termination of this Agreement, each Party shall (i) return all Confidential
Information received from the other Parties, and all copies or reproductions of such documents, and (ii) destroy all analyses,
compilations, studies or other documents prepared by or on behalf of such Party to the extent they contain or reflect Confidential
Information disclosed or made available to such Party by the other Parties under this Agreement, with such destruction to be certified
to the other Parties in writing by an officer of such Party.

 

6.7           Return/Destruction
 – Exceptions. Notwithstanding Section 6.6, a single copy of any information required to be returned or destroyed pursuant
to Section 6.6 may be retained by the Recipient to the extent required to be retained by applicable Laws or bona fide internal
compliance or document retention policies. Any information retained pursuant to this Section 6.7 shall be kept confidential in
accordance with the terms of this Agreement during and after the term of this Agreement.

 

    	 	- 11 -	 

     

    

 

6.8           Public
Disclosures. With the exception of any releases of information as legally required by regulatory bodies or as contemplated
by Section 6.2(c), Altair must obtain the written consent of SX prior to using SX’s or SXM’s name, disclosing or alluding
to any agreement between the Parties, or commenting on the SX Technology or the performance of the SX Technology, in any press
or media releases or other public disclosures. SX may withhold such consent at its discretion.

 

Article 7

Term of Agreement

 

7.1           Termination.
This Agreement shall continue in effect between the Parties on an indefinite basis unless terminated:

 

		(a)	by a Party, if any other Party commits a material breach of this Agreement and fails to cure such
breach within 45 days of receipt by the other Party of notice of such breach; or

 

		(b)	by mutual written agreement of the Parties.

 

7.2          Effect of Termination.

 

		(a)	Upon termination of this Agreement:

 

		(i)	Altair and its Affiliates must cease all access or use of the SX Technology in connection with
this Agreement. For clarity, any use of the SX Technology under a license other than as provided in this Agreement shall remain
unaffected by this Section 7.2(a)(i);

 

		(ii)	all fees accrued pursuant to this Agreement shall become immediately due and payable as of the
effective date of termination; and

 

		(iii)	each Party must return to the other Parties all documents and other materials in any form in its
possession or under its control which contain or refer to any Confidential Information of the other Parties.

 

		(b)	In no event shall a Party be liable to any other Party for any Personnel termination costs arising
from the termination of this Agreement.

 

7.3          Survival.
The following provisions will survive termination of the Agreement:

 

		(a)	Article 4 (Payment), Sections 7.2 (Effect of Termination), and any other provision in this
Agreement that, by its nature, is intended to survive the termination of this Agreement until all amounts due have been paid or
otherwise resolved in accordance with Article 9 (Dispute Resolution), shall so survive; and

 

		(b)	Section 7.3 (Survival), Article 6 (Confidentiality), Article 8 (Indemnification), Article 9
(Dispute Resolution), Article 10 (Miscellaneous), and any other provision in this Agreement that, by its nature, is intended
to indefinitely survive the termination of this Agreement, shall survive indefinitely.

 

    	 	- 12 -	 

     

    

 

Article 8

 Indemnification

 

8.1          Indemnification
(IP). SXM shall indemnify and hold harmless Altair and its Affiliates with respect to any and all Claims and liabilities made
against them by any Third Party on the basis that their use of the Licensed IP infringes, misappropriates or otherwise violates
any Intellectual Property Rights held by the Third Party, except to the extent such infringement, misappropriation, or violation
arises out of or results from (i) any modification of the SX Lithium Extraction Technology or Improvements by Altair or its Affiliate;
or (ii) combination of the SX Lithium Extraction Technology or Improvements by Altair or its Affiliate with other technology in
contravention of technical specifications of the SX Lithium Extraction Technology or Improvements, as applicable, provided by
SXM.

 

8.2          Indemnification
(Royalty). Altair agrees that it will defend, indemnify, reimburse and hold harmless SX, its officers, directors, shareholders,
employees and its successors and assigns (collectively the “indemnified parties”), and each of them, from and
against any and all Claims and liabilities which may be made or brought against the indemnified parties or amounts which the indemnified
parties may sustain, pay or incur that whosoever result from or relate to operations conducted on or in respect of the Properties
that result from or relate to the mining, handling, transportation, or refining of the Products or the handling of transportation
of the Products. The indemnity provided in this Section 8.2 is limited to claims, demands, liabilities, actions and proceedings
that may be made or taken against an indemnified party its capacity as or related to SX as a holder of the Royalty and will not
include any indemnity in respect of any Claims against an indemnified party in any other capacity.

 

8.3           Indemnification
(General). Each of the Parties (the “Indemnitor”) shall indemnify, defend and hold harmless the other Party
and its respective Personnel (collectively, the “Indemnitee”) against any Claims arising out of or connected
with:

 

		(a)	any breach by the Indemnitor of any term, condition or covenant of this Agreement; or

 

		(b)	any act or omission of the Indemnitor which results in or causes the Indemnitee to breach or fail
to comply with the terms and conditions hereof, unless such act or omission constitutes fraud, gross negligence, or wilful misconduct
on the part of the Indemnitee or its Personnel.

 

Article 9

Dispute Resolution

 

9.1          Consultation.
The Parties shall use their reasonable endeavours to settle any dispute, controversy or Claim arising from or in connection
with this Agreement, or in respect of any legal relationship associated with or derived from this Agreement (each a “Dispute”)
(including a Dispute as to the validity or existence of this Agreement) through initially informal consultations and negotiations.

 

    	 	- 13 -	 

     

    

 

Article 10

Miscellaneous

 

10.1        Notices.

 

		(a)	All notices and other communications required or permitted under this Agreement must be in writing
and given by (a) hand delivery, (b) pre-paid registered post (with return receipt requested), (c) facsimile, or (d)
email (with return receipt requested), in each case addressed as specified below or in any subsequent notice from the intended
recipient to the Party sending the notice:

  

		(i)	If to SX or SXM, at:

 

St-Georges Eco-Mining Corp.

1000 Sherbrooke Street West

Suite 2700

Montréal, Québec

H3A3G4

Attention: Frank Dumas

 

		(ii)	If to Altair, at:

 

Altair International Corp.

322 North Shore Drive

Building 1B, Suite 200

Pittsburgh, PA

15212

Attention: Leonard Lovallo

 

		(b)	Any such notice or other document shall:

 

		(i)	if hand-delivered, be deemed to have been given and received at the place of receipt on the date
of delivery, provided that if such date is a day other than a business day in the place of receipt, such notice or document shall
be deemed to have been given and received at the place of receipt on the first business day in the place of receipt, thereafter;

 

		(ii)	if mailed by registered post, be deemed to have been given and received at the place of receipt
on the date of actual receipt;

 

		(iii)	if transmitted by facsimile, be deemed to have been given and received at the place of receipt
on the next business day following the day of sending, provided that the sender has received facsimile confirmation from the recipient
of receipt of same on or before the date transmission is deemed to have been received as above; and

 

		(iv)	if sent by e-mail, or other form of electronic transmission, shall be deemed received when the
message is delivered to the recipient’s e-mail inbox.

 

		(c)	In the event of postal disruption, such notices or documents must be delivered by a method of giving
notice other than by post.

 

10.2        Assignment.
SX may assign its rights under this Agreement; provided, however, that no change or division in the ownership of the Royalty,
however accomplished, shall enlarge the obligations or diminish the rights of Altair.

 

    	 	- 14 -	 

     

    

 

10.3         Right
of First Refusal. SX hereby grants to and in favour of Altair the right of first refusal to acquire the Royalty granted
pursuant to the terms of this Agreement. In the event that SX receives an offer to purchase the Royalty from a bona fide
purchaser at arm’s length to SX, which offer SX has accepted or is willing to accept, SX shall give Altair written
notice thereof, including the terms and conditions of such offer to purchase, and Altair shall have the right, within 30 days
from the date of delivery to Altair of such notice, to exercise its right of first refusal in respect thereof and to acquire
the Royalty on the same terms and conditions as are set forth in the offer to purchase.

 

10.4         Entire
Agreement. This Agreement constitutes the entire agreement of the Parties with respect to the subject matter hereof, supersedes
any prior understandings, agreements, or representations by or among the Parties, written or oral, to the extent they have related
in any way to the subject matter of this Agreement and, except as herein stated and in the instruments and documents to be executed
and delivered pursuant hereto, contains all of the representations, undertakings and agreements of the Parties respecting the
subject matter hereof. There are no representations, undertakings or agreements of any kind between the Parties respecting the
subject matter hereof except those contained herein.

 

10.5         Amendment
of Agreement. None of the terms, conditions or provisions of this Agreement shall be held to have been changed, waived, varied,
modified, or altered by any act or Knowledge of any Party, their respective agents, servants, or employees unless done so in writing
signed by the Parties.

 

10.6          Force majeure. No Party shall be liable or responsible to any other Party, nor be deemed to have defaulted
under or breached this Agreement, for any failure or delay in fulfilling or performing any term of this Agreement (except for any
obligations to make payments to a Party hereunder), when and to the extent such failure or delay is caused by or results from acts
beyond the affected Party’s reasonable control, including, without limitation: acts of God; flood, fire or explosion; war,
invasion, riot or other civil unrest; actions, embargoes or blockades in effect on or after the date hereof; national or regional
emergency; strikes, labor stoppages or slowdowns or other industrial disturbances; compliance with any applicable Law or order
of a governmental authority, rule, regulation or direction, or any action taken by a governmental authority, including imposing
an embargo, export or import restriction, quota or other restriction or prohibition, or failing to grant a necessary license or
consent; or any other event which is beyond the reasonable control of such Party (each of the foregoing, a “Force Majeure
Event”). A Party whose performance is affected by a Force Majeure Event shall give written notice to the other Parties
stating the period of time the occurrence is expected to continue and shall use diligent efforts to end the failure or delay and
minimize the effects of such Force Majeure Event.

 

10.7          Severability.
If any provision of this Agreement shall be held to be invalid, illegal, or unenforceable, such provision shall be enforced
to the fullest extent permitted and the validity, legality, and enforceability of the remaining provisions shall not in any way
be affected or impaired thereby. A provision of similar economic effect shall be substituted for any invalid, illegal, or unenforceable
provision.

 

10.8          Waiver of Breach. No waiver on behalf of any Party of any breach of the provisions hereof shall be effective
or binding upon such Party unless the same shall be expressed in writing and any waiver so expressed shall not limit or affect
such Party’s rights with respect to any future breach of any of the provisions hereof.

 

10.9          Further
Assurances. Each of the Parties covenants and agrees that it or its heirs, executors, administrators, successors and
permitted assigns will execute such further documents and do and perform or cause to be done and performed such further and
other acts as may be necessary or desirable from time to time in order to give full effect to the provisions of this
Agreement.

 

    	 	- 15 -	 

     

    

 

10.10       Successors
and Assigns. This Agreement shall be binding upon and enure to the benefit of the successors and assigns of the Parties and
all Persons succeeding to or acquiring the business now carried on by the Parties.

 

10.11       Governing
Law. This Agreement shall be governed by and construed according to the laws of the Province of Québec and the laws
of Canada, as applicable therein. Subject to Article 9 (Dispute Resolution), for the purpose of all legal proceedings to
be heard by the courts, each of the Parties hereby irrevocably attorns to the exclusive jurisdiction of the courts of the Province
of Québec.

 

10.12       Counterpart
Execution. This Agreement may be signed in counterparts, any one of which need not contain the signature of more than one
Party, but all such counterparts taken together will constitute one and the same agreement. A counterpart delivered by facsimile
transmission or by electronic transmission, including a PDF copy by email, shall be considered as an original copy of this Agreement.

 

[Signature page follows]

 

    	 	- 16 -	 

     

    

 

IN WITNESS WHEREOF, the Parties have executed
this Agreement effective as of the date first written above.

 

	 	ST-GEORGES ECO-MINING CORP.
	 	 	 
	 	By:	 
	 	 	Name: 
	 	 	Title:

 

	 	ST-GEORGES METALLURGY CORP.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

 

	 	ALTAIR INTERNATIONAL LTD.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}]]