Common use of Additional Royalty Clause in Contracts

Additional Royalty. (a) As a condition of the first Advance (the “First Advance”), Guarantor granted to the Agent (the “Holder”), and Borrower guaranteed the obligations of Guarantor under, a royalty (as amended from time to time, the “Additional Royalty”) pursuant to the additional royalty agreement dated as of December 12, 2024 (as amended, the “Additional Royalty Agreement”) whereby the Additional Royalty shall be equal to the aggregate amount of the following: (i) the Primary Claims Percentage of Gross Revenues of all Products that are mined, produced, extracted, processed or otherwise recovered from the Primary Claims forming part of the Property; (ii) the Primary Claims Percentage of Gross Revenues of all Products that are mined, produced, extracted, processed or otherwise recovered from the GGS Claims forming part of the Property; and (iii) the Secondary Claims Percentage of Gross Revenues of all Products that are mined, produced, extracted, processed or otherwise recovered from the Residual Claims. (b) Pursuant to the Additional Royalty Agreement, the Primary Claims Percentage and the Secondary Claims Percentage increased as the amount of the Loan Facility increased as forth in Section 6(c) of the Existing Loan Agreement. Pursuant to the Recapitalization Transactions, with effect as of the date hereof, the Primary Claims Percentage and the Secondary Claims Percentage are as set forth in Section 6(c) hereof. (c) For the purposes of this Section 6:

Additional Royalty. (a) As a condition of the first Advance (the “First Advance”), Guarantor granted shall grant to the Agent or such other Sprott Entity as the Agent may direct (the “Holder”), and Borrower guaranteed shall guarantee the obligations of Guarantor under, a royalty (as amended from time to timetime pursuant to Section 6(b), the “Additional Royalty”) pursuant on substantially the same terms and conditions as the Royalty and otherwise in form and substance satisfactory to the additional royalty agreement dated as Holder, provided that the amount of December 12, 2024 (as amended, the “Additional Royalty Agreement”) whereby the Additional Royalty issued in connection with such First Advance shall be equal to the aggregate amount of the following: (i) the Primary Claims Percentage of Gross Revenues of all Products that are mined, produced, extracted, processed or otherwise recovered from the Primary Claims forming part of the Property; (ii) the Primary Claims Percentage of Gross Revenues of all Products that are mined, produced, extracted, processed or otherwise recovered from the GGS Claims forming part of the Property; and (iii) the Secondary Claims Percentage of Gross Revenues of all Products that are mined, produced, extracted, processed or otherwise recovered from the Residual Claims. (b) Pursuant to As a condition of each subsequent Advance after the First Advance, the Obligors and the Holder shall amend the Additional Royalty Agreement, to increase the amount of the Additional Royalty by the Primary Claims Percentage and the Secondary Claims Percentage increased as Percentage, in each case, corresponding to the principal amount of the Loan Facility increased as forth in Section 6(c) of the Existing Loan Agreement. Pursuant to the Recapitalization Transactionssuch subsequent Advance, with effect as of the date hereof, the Primary Claims Percentage and the Secondary Claims Percentage are as set forth in Section 6(c) hereof). (c) For the purposes of this Section 6: