0001575872-22-000281 Sample Contracts

10% PROMISSORY NOTE
Applied Minerals, Inc. • April 18th, 2022 • Mining & quarrying of nonmetallic minerals (no fuels) • Delaware

THIS IS A 10% PROMISSORY NOTE of Applied Minerals, Inc. (the “Company”), a Delaware Corporation, having its principal place of business at 1200 Silver City Road PO Box 432 Silver City, UT 84628 (this “Note”), which represents a duly authorized and validly issued debt of the Company.

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EXCLUSIVITY AND COLLABORATION AGREEMENT
Exclusivity and Collaboration Agreement • April 18th, 2022 • Applied Minerals, Inc. • Mining & quarrying of nonmetallic minerals (no fuels)

THIS EXCLUSIVITY AND COLLABORATION AGREEMENT (“Agreement”), dated November __, 2020 (the “Effective Date”), is made between ________ having an office and place of business at ________ and Applied Minerals, Inc., having a place of business at P.O. Box 432, 1200 Silver City Road, Eureka, UT 84628 (“AMI”). (________ and AMI are referred to herein as a “Party” or collectively as the “Parties”.)

BUSINESS LOAN AND SECURITY AGREEMENT
Business Loan and Security Agreement • April 18th, 2022 • Applied Minerals, Inc. • Mining & quarrying of nonmetallic minerals (no fuels) • Maryland

THIS BUSINESS LOAN AND SECURITY AGREEMENT (“Agreement”) is entered into between SMALL BUSINESS FINANCIAL SOLUTIONS, LLC, a Delaware limited liability company (“Lender”), and BORROWER as identified below (“Borrower”).

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