Common use of Debt Settlement Clause in Contracts

Debt Settlement. Subject to the approval of the TSX Venture Exchange (the “Exchange”) of the transactions contemplated herein, the Company hereby agrees to issue the Shares to [Redacted – Affiliate of Sprott Private Resource Streaming & Royalty Corp.], or as otherwise directed by the Sprott Parties, and the Sprott Parties hereby agree to accept the Shares at a deemed price of US$0.105 per Share in full and complete settlement and satisfaction of the Settled Amount.

Debt Settlement. Subject to the approval of the TSX Venture Exchange (the “Exchange”) of the transactions contemplated herein, the Company hereby agrees to issue the Shares to [Redacted – Affiliate of Sprott Private Resource Streaming & Royalty Corp.***], or as otherwise directed by the Sprott Parties, and the Sprott Parties hereby agree to accept the Shares at a deemed price of US$0.105 per Share in full and complete settlement and satisfaction of the Settled Amount.