EX-99.28 29 ex9928.htm ROYALTY PURCHASE AGREEMENT BETWEEN ROUTEMASTER CAPITAL INC AND 2776234 ONTARIO INC. DATED SEPTEMBER 11, 2020

Ex99.28


ROYALTY PURCHASE AGREEMENT




ROUTEMASTER CAPITAL INC.


and


2776234 ONTARIO INC.




September11, 2020

TABLE OF CONTENTS

ARTICLE 1 INTERPRETATION
 1
1.1 Definitions
 1
1.2 Headings
 5
1.3 Extended Meanings
 6
1.4 Statutory References
 6
1.5 Accounting Principles
 6
1.6 Currency
 6
1.7 Consent
 6
1.8 Performance on Holidays
 6
1.9 Calculation of Time
 6
1.10 Third Party Beneficiaries
 7
1.11 Schedules
 7
ARTICLE 2 PURCHASE AND SALE OF NSR ROYALTY AND GRANT OF OPTION
 7
2.1 Purchase and Sale of NSR Royalty
 7
2.2 Closing Deliveries and Procedures
 7
2.3 The Option
 
2.4 Right of First Refusal
 
ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF THE VENDOR
 9
3.1 Representations and Warranties of the Vendor
 9
3.2 Survival of the Representations, Warranties and Covenants
 9
ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER
 10
4.1 Representations and Warranties of the Purchaser
 10
4.2 Survival of the Representations and Warranties
 10
ARTICLE 5 GENERAL
 10
5.1 Further Assurances
 10
5.2 Time of the Essence
 10
5.3 Fees and Expenses
 11
5.4 Benefit of the Agreement
 11
5.5 Entire Agreement
 11
5.6 Amendments and Waiver
 11
5.7 Assignment
 11
5.8 Notices
 11
5.9 Governing Law
 12
5.10 Dispute Resolution
 12
5.11 Counterparts and Signatures
 13
   
   



ROYALTY PURCHASE AGREEMENT

THIS AGREEMENT made as of 11th day of September, 2020; Between:

ROUTEMASTER CAPITAL INC. a corporation incorporated under the laws of the Province of Ontario

(the “Vendor”)
- and -

2776234 ONTARIO INC.., a corporation continued under the laws of the Province of Ontario

(the “Purchaser”)

WHEREAS the Vendor owns (a) a 1.0% net smelter return royalty in respect of the Lithium Properties (the “Lithium NSR Royalty”) and (b) a 2.0% net smelter return royalty in respect of the QMX Properties (the “QMX NSR Royalty” and, together with he Lithium NSR Royalty, the “Royalties”);

AND WHEREAS the Purchaser has agreed to purchase, and the Vendor has agreed to sell, the Royalties in consideration for (a) 404,200 common shares of Brazil Potash Corp. held by the Purchaser and (b) 1,010,500common shares of Flora Growth Corp. held by the Purchaser pursuant to and in accordance with the terms of this Agreement;

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the respective covenants and agreements herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the parties hereto), the parties hereto hereby covenant and agree as follows:

ARTICLE 1 INTERPRETATION

1.1
Definitions

In this Agreement, unless something in the subject matter or context is inconsistent therewith:

Affiliate” means as to any Person, any other Person that, directly or indirectly, Controls, is Controlled by, or is under common Control with, such Person;

Agreement” means this agreement and the Schedules attached hereto and all amendments, restatements or replacements made hereto by written agreement between the Parties;

Applicable Law” or “Law” in respect of any Person, property, transaction or event, means all laws, statutes, treaties, regulations, judgments, notices, approvals, orders and decrees applicable to that Person, property, transaction or event and, in each case having the force of law, all applicable official directives, rules, protocols, consents, approvals, authorizations, guidelines, orders and policies of any Governmental Body having or purporting to have authority over that Person, property, transaction or event;
1


Approvals” means all licences, permits, approvals, authorizations, rights (including surface and access rights), privileges, concessions, franchises, clearances, consents, orders and other approvals required to be obtained from any person, including any Governmental Body.

Business Day” means a day that is not a Saturday, Sunday or any other day that is a statutory holiday or a bank holiday in Toronto, Ontario;

Claim” means any claim of any nature whatsoever, including any demand, liability, obligation, debt, cause of action, suit, proceeding, judgment, award, assessment, reassessment or notice of determination of Loss;

Closing” means, collectively, the completion of the sale to, and the purchase by, the Purchaser of the Royalties, the sale and transfer of the Consideration Shares as consideration, and the completion of all other transactions contemplated by this Agreement that are to occur contemporaneously;

Closing Date” means the date of Closing, being September 11, 2020, or such earlier or later date as may be agreed upon in writing by the Parties;

Closing Document” means any document delivered at or subsequent to the Closing Time as provided in or pursuant this Agreement;

Consideration Shares” means (a) 404,200 common shares of Brazil Potash Corp. held by the Purchaser and (b) 1,010,500 common shares of Flora Growth Corp. held by the Purchaser;

Control” means:

(a)
when applied to the relationship between a Person and a corporation, the beneficial ownership by such Person at the relevant time of shares of such corporation carrying more than 50% of the voting rights ordinarily exercisable at meetings of shareholders of such corporation or carrying sufficient rights to elect a majority of the directors of such corporation or the ability of such Person to elect or appoint a majority of the directors or influence their voting through contract, understanding or other arrangement; and

(b)
when applied to the relationship between a Person and a partnership or joint venture, the beneficial ownership by such Person at the relevant time of more than 50% of the ownership interests of the partnership or joint venture in circumstances where it can reasonably be expected that such Person directs the affairs of the partnership or joint venture;
2


and the words “Controlled by”, “Controlling” and similar words have corresponding meanings; provided that a Person (the “first-mentioned Person”) who Controls a corporation, partnership or joint venture (the “second-mentioned Person”) shall be deemed to Control: (i) a corporation, partnership or a joint venture (the “third- mentioned Person”) which is Controlled by the second-mentioned Person, (ii) a corporation, partnership or joint venture which is controlled by the third-mentioned Person, and (iii) so on;

Governmental Body” means any national, state, regional, municipal or local government, governmental department, commission, board, bureau, agency, authority or instrumentality, or any Person exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any of the foregoing entities, including all tribunals, commissions, boards, bureaus, arbitrators and arbitration panels, and any authority or other Person controlled by any of the foregoing;

knowledge”, with respect to the Vendor, means knowledge of any director or officer of the Vendor, and with respect to the Purchaser, means knowledge of any officer or director of the Purchaser, after due inquiry (and each such individual will be deemed to have “knowledge” of a particular fact or other matter if (i) that individual is actually aware of that fact or matter; or (ii) that fact or matter has been received or comes to the attention of that individual under circumstances in which a reasonable person would take cognizance of it), and for greater certainty, where a representation or warranty refers to the knowledge of more than one Party, each such Party is giving such representation and warranty to its own knowledge only and knowledge of one such Party shall not be imputed to any other such Party;

Lien” means with respect to any property or asset, any security interest, mortgage, pledge, prohibition, injunction, restriction, lien, charge, assignment, option, claim, promise to contract, compromise or other encumbrance or interest of any kind, upon any such property or asset, or upon the income revenue or profits therefrom, including any acquisition of or option to acquire any property or asset upon conditional sale or other title retention agreement, device or arrangement (including any capital lease);

Lithium NSR Royalty” has the meaning ascribed thereto in the preamble paragraphs hereof;

Lithium NSR Royalty Agreement” means the net smelter return royalty agreement entered into between the Vendor and the Lithium Royalty Payor dated April 25, 2016, pursuant to which the Lithium Royalty Payor agreed to grant to the Vendor the Lithium Royalty;

Lithium Properties” means mineral leases, licences, concessions and properties comprising the Diablillos Project (as defined in the Lithium NSR Royalty Agreement), currently known as the Sal de Los Angeles project and as set forth in Schedule C, together with any present or future renewal, extension, modification, substitution, amalgamation, succession, conversion, demise to lease, renaming or variation of any of those mineral claims or additional acquired interests that derive directly from those mineral claims or additional acquired interests (whether granting or conferring the same, similar or any greater rights and whether extending over the same or a greater or lesser domain);
3




“Lithium Royalty” means the 1.0% net smelter returns royalty granted by the Lithium Royalty Payor to the Vendor in respect of the Lithium Properties pursuant to the Lithium NSR Royalty Agreement;

Lithium Royalty Payor” means Potasio Y Litio de Argentina S.A., a corporation existing under the laws of Argentina;

Loss” means any loss, liability, damage, cost or expense suffered or incurred, including the costs and expenses of any assessment, judgment, settlement or compromise relating thereto;

Parties” means the parties to this Agreement and “Party” means any one of them;

Person” means an individual, a partnership, a corporation, a Governmental Body, a trustee, any unincorporated organization and the heirs, executors, administrators or other legal representatives of an individual and words importing “Person” have similar meanings;

“Purchaser” has the meaning given to such term in the preamble paragraphs above;

QMX NSR Royalty” has the meaning ascribed thereto in the preamble paragraphs hereof;

QMX NSR Royalty Agreement” means the assignment agreement between Forbes & Manhattan, Inc., as assignor, and Alexis Minerals Corporation (as it then was), as assignee, dated July 31, 2003, pursuant to which Alexis Minerals Corporation agreed to grant to Forbes & Manhattan, Inc. the QMX NSR Royalty, as purchased by the Vendor pursuant to the royalty purchase agreement between the Vendor and Forbes & Manhattan, Inc. dated as of April 5, 2017;

QMX Properties” means mineral leases, concessions and properties comprising the Property (as defined in the QMX NSR Royalty Agreement) and as set forth on Schedule D together with any present or future renewal, extension, modification, substitution, amalgamation, succession, conversion, demise to lease, renaming or variation of any of those mineral claims or additional acquired interests that derive directly from those mineral claims or additional acquired interests (whether granting or conferring the same, similar or any greater rights and whether extending over the same or a greater or lesser domain);
4



“QMX Royalty” means the 2.0% net smelter returns royalty granted by QMX Royalty Payor to Forbes & Manhattan, Inc., as subsequently assigned to the Vendor, in respect of the QMX Properties pursuant to the QMX NSR Royalty Agreement;

QMX Royalty Payor” means QMX Gold Corporation (previously named Alexis Minerals Corporation), a corporation existing under the laws of the Province of Ontario;

Subsidiaries” means a Person that is Controlled directly or indirectly by another Person and includes a subsidiary of that subsidiary;

Taxes” means all taxes, assessments, charges, dues, duties, rates, fees, imposts, levies and similar charges of any kind lawfully levied, assessed or imposed by any Governmental Body, including all income taxes (including any tax on or based upon net income, gross income, income as specially defined, earnings, profits or selected items of income, earnings or profits) and all capital taxes, gross receipts taxes, environmental taxes, sales taxes, use taxes, ad valorem taxes, value added taxes, transfer taxes (including, without limitation, taxes relating to the transfer of interests in real property or entities holding interests therein), franchise taxes, licence taxes, withholding taxes, payroll taxes, employment taxes, excise, severance, social security, workers’ compensation, employment insurance or compensation taxes or premium, stamp taxes, occupation taxes, premium taxes, property taxes, windfall profits taxes, alternative or add-on minimum taxes, goods and services tax, customs duties or other taxes, fees, imports, assessments or charges of any kind whatsoever, together with any interest and any penalties or additional amounts imposed by any taxing authority (domestic or foreign) on such entity, and any interest, penalties, additional taxes and additions to tax imposed with respect to the foregoing;

Third Party” means any Person other than a Party or an Affiliate of a Party;

Third Party Claim” means any Claim asserted by a Third Party against an Indemnified Party;

Time of Closing” means 9:00 a.m. (Toronto time) on the Closing Date, or such earlier time that may be agreed to by the Parties; and

“Vendor” has the meaning given to such term in the preamble paragraphs above.

1.2
Headings

The division of this Agreement into Articles and Sections and the insertion of a table of contents and headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement. The terms “hereof, “hereunder” and similar expressions refer to this Agreement and not to any particular Article, Section or other portion hereof and include any agreement supplemental hereto. Unless something in the subject matter or context is inconsistent therewith, references herein to Articles, Sections and Schedules are to Articles and Sections of and Schedules to this Agreement.
5



1.3
Extended Meanings

In this Agreement, words importing the singular number only include the plural and vice versa, words importing any gender include all genders. The term “includes” or “including” means “including without limiting the generality of the foregoing”.

1.4
Statutory References

In this Agreement, unless something in the subject matter or context is inconsistent therewith or unless otherwise herein provided, a reference to any statute is to that statute as now enacted or as the same may from time to time be amended, re-enacted or replaced and includes any regulations made thereunder.

1.5
Accounting Principles

Wherever in this Agreement reference is made to a calculation to be made in accordance with generally accepted accounting principles, such reference shall be deemed to be to International Financial Reporting Standards and from time to time approved by the International Accounting Standards Board or any successor institute, applicable as at the date on which such calculation is made or required to be made in accordance with generally accepted accounting principles.

1.6
Currency

Unless otherwise indicated, all references to currency herein are to lawful money of Canada.

1.7
Consent

Whenever a provision of this Agreement requires an approval or consent and such approval or consent is not delivered within the applicable time limit, then, unless otherwise specified, the Party whose consent or approval is required shall be conclusively deemed to have withheld its approval or consent.

1.8
Performance on Holidays

If any action is required to be taken pursuant to this Agreement on or by a specified date that is not a Business Day, then such action will be valid if taken on or by the next Business Day.

1.9
Calculation of Time

In this Agreement, a period of days will be deemed to begin on the first day after the event that began the period and to end at 5:00 p.m. (Toronto time) on the last day of the period. If, however, the last day of the period does not fall on a Business Day, the period will terminate at 5:00 p.m. (Toronto time) on the next Business Day.
6



1.10
Third Party Beneficiaries

Nothing in this Agreement or in any Closing Document is intended or by implication to, or shall, confer upon any Person (other than the Parties) any rights or remedies of any kind.

1.11
Schedules

The following are the Schedules annexed hereto and incorporated by reference and deemed to be part hereof:


Schedule “A” – Representations and Warranties of the Vendor Schedule “B” – Representations and Warranties of the Purchaser Schedule “C” – Lithium Properties
Schedule “D” – QMX Properties

Capitalized terms used but not otherwise defined in the Schedules have the meanings given to them in this Agreement.

ARTICLE 2
PURCHASE AND SALE OF ROYALTIES

2.1
Purchase and Sale of Royaliesy

2.1.1
The Vendor hereby agrees to sell and deliver to the Purchaser, and the Purchaser hereby agrees to purchase and acquire from the Vendor, free and clear of any Liens, the Royalties in consideration for the delivery by the Purchaser to the Vendor of the Consideration Shares.

2.1.2
The Vendor shall pay directly to the appropriate taxing authorities, all taxes payable directly or indirectly in connection with this Agreement and the completion of the transactions herein, including, without limitation, any federal or provincial transfer, documentary, sales, excise, customs, use, registration, recording, land transfer, conveyancing and notarial taxes, duties, fees and costs or any other imposts and assessments (exclusive of income taxes) eligible in respect of the transaction contemplated by this Agreement. In the event that the Purchaser is required to pay or remit any such taxes, duties, fees, costs or other imposts or assessments after the Closing Date, the Vendor shall indemnify and save the Purchaser harmless in respect of the same.

2.2
Closing Deliveries and Procedures

2.2.1
The Closing will take place at the Time of Closing at the offices of the Purchaser in Toronto, Ontario, or at such other place as may be agreed upon by the Parties.

2.2.2
At the Closing, the Vendor shall deliver to the Purchaser the following closing documents (“Closing Documents”), dated as of the Closing Date, each in form and substance satisfactory to the Purchaser, acting reasonably:
7



(a)
a certificate an officer of the Vendor dated as of the Closing Date, in form and substance reasonably satisfactory to the Purchaser, from the Vendor, as to: (a) its constating documents; (b) a resolution of the board of directors of the Vendor authorizing the execution and delivery of this Agreement and the completion of the transactions contemplated hereby; and (c) incumbency signatures of the signatories of the Vendor executing this Agreement or any of the Closing Documents;

(b)
a certificate of an officer of the Vendor, addressed to the Purchaser and dated as of the Closing Date, certifying for and on behalf of the Vendor and not in the officer’s personal capacity that, to the knowledge of the person signing such certificate, after having made due and relevant inquiry:

(i)
all of the representations and warranties of the Vendor made in or pursuant to this Agreement are true and correct as of the date of this Agreement and are true and correct as at the Closing Date with the same effect as if made on and as of the Closing Date;

(ii)
the Vendor has complied with or performed all of the obligations, covenants and agreements under this Agreement to be complied with or performed by the Vendor on or before the Closing Date;

(iii)
no order or judgment of any court or any Governmental Body shall have been issued or made and no legal or regulatory requirement shall remain to be satisfied, in either case that has the effect of making void, unlawful or otherwise prohibiting the creation, grant or delivery of the Royalties or any portion thereof as contemplated herein;

(iv)
no action or proceeding is pending or threatened by any person to enjoin, restrict or prohibit the sale and delivery of the Royalties;

(v)
no change, effect, event, development, occurrence or state of facts or combination thereof that is, or would be, material and adverse to the Lithium Properties or the QMX Properties, has occurred since December 31, 2019; and

(vi)
incumbency signatures of the signatories of the Vendor executing this Agreement or any of the Closing Documents;

(c)
an opinion of the Vendor’s counsel addressed to the Purchaser dated the Closing Date and satisfactory to counsel for the Purchaser, acting reasonably, that the Royalties are in good standing and duly registered; and

(d)
such other instruments of sale, transfer, conveyance, assignment or delivery, in registrable form or otherwise, in respect of the Royalties as the Purchaser may reasonably require to assure the full and effective sale and delivery of the Royalties to the Purchaser, as contemplated in this Agreement.
8



2.2.3
At the Closing, the Purchaser shall deliver to the Vendor the following Closing Documents, dated as of the Closing Date, each in form and substance satisfactory to the Vendor, acting reasonably:

(a)
certificates, registered in accordance with the instructions of the Vendor, representing the Consideration Shares;

(b)
an officer’s certificate of the Purchaser, dated as of the Closing Date, in form and substance reasonably satisfactory to the Vendor, from the Purchaser, as to: (a) its constating documents; (b) a resolution of the board of directors of the Vendor authorizing the execution and delivery of this Agreement and the completion of the transactions contemplated hereby; (c) a resolution of the shareholders of the Purchaser authorizing the purchase of the Royalties, sale of the Consideration Shares to the Vendor; and (d) incumbency signatures of the signatories of the Purchaser executing this Agreement or any of the Closing Documents;

(c)
an opinion of counsel addressed to the Vendor dated the Closing Date and satisfactory to counsel for the Vendor, acting reasonably, relating to standard corporate matters of and the issue and delivery of the Consideration Shares; and

(d)
such other instruments or documents, in registrable form or otherwise, in respect of the Royalties as the Vendor may reasonably require to assure the completion of the transactions contemplated by this Agreement, as contemplated in this Agreement.



ARTICLE 3
REPRESENTATIONS AND WARRANTIES OF THE VENDOR

3.1
Representations and Warranties of the Vendor

The Vendor, acknowledging that the Purchaser is entering into this Agreement in reliance thereon, makes the representations and warranties set out in Schedule “A” hereto.

3.2
Survival of the Representations, Warranties and Covenants

3.2.1
The representations and warranties of the Vendor set forth in this Agreement shall survive the completion of the transactions herein provided for and shall continue for the benefit of the Purchaser for the following periods notwithstanding such completion and any inspections or inquiries made by or on behalf of the Purchaser:

(a)
the representations and warranties set out in Schedule “A”, save for the representations or warranties described below in this Section 3.2.1, shall survive for a period of one year from the Closing Date; and

(b)
the representations or warranties with respect to title to the Lithium Properties and the QMX Properties in Schedule “A” shall survive indefinitely.
9



3.2.2
For greater certainty, the expiry of the survival period applicable to a representation or warranty shall be without prejudice to any Claim for indemnification based on any inaccuracy or misrepresentation in such representation or warranty made prior to such expiry pursuant to this Agreement.

3.2.3
The covenants of the Vendor set out in this Agreement that have not been fully performed at or prior to the Time of Closing shall survive the completion of the transactions herein provided for and notwithstanding such completion shall continue in full force and effect for the benefit of the Vendor in accordance with the terms thereof.

ARTICLE 4
REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

4.1
Representations and Warranties of the Purchaser

The Purchaser, acknowledging that the Vendor is entering into this Agreement in reliance thereon, makes the representations and warranties set out in Schedule “B” hereto.

4.2
Survival of the Representations and Warranties

4.2.1
The representations and warranties of the Purchaser set out in Schedule “B” shall survive for a period of one year from the Closing Date.

4.2.2
For greater certainty, the expiry of the survival period applicable to a representation or warranty shall be without prejudice to any Claim for indemnification based on any inaccuracy or misrepresentation in such representation or warranty made prior to such expiry pursuant to this Agreement.

ARTICLE 5 GENERAL

5.1
Further Assurances

Each of the Parties shall from time to time execute and deliver all such further documents and instruments and do all acts and things as any other Party may, either before or after the Closing Date, reasonably require to effectively carry out or better evidence or perfect the full intent and meaning of this Agreement.

5.2
Time of the Essence

Time shall be of the essence of this Agreement.

5.3
Fees and Expenses

Any costs and expenses arising from the transactions contemplated by this Agreement. shall be borne by the Party who incurred such costs and expenses.
10



5.4
Benefit of the Agreement

This Agreement shall enure to the benefit of and be binding upon the respective successors and permitted assigns of the Parties.

5.5
Entire Agreement

This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and cancels and supersedes any prior understandings and agreements between the Parties with respect hereto. There are no representations, warranties, terms, conditions, undertakings or collateral agreements, express, implied or statutory, between the Parties other than as expressly set forth in this Agreement.

5.6
Amendments and Waiver

No modification of or amendment to this Agreement shall be valid or binding unless set forth in writing and duly executed by the Parties and no waiver of any breach of any term or provision of this Agreement shall be effective or binding unless made in writing and signed by the Party purporting to give the same and, unless otherwise provided, shall be limited to the specific breach waived.

5.7
Assignment

This Agreement may not be assigned by a Party without the written consent of the other Party, except to an Affiliate of the assigning Party, provided that such Affiliate enters into a written agreement with the other Party to be bound by the provisions of this Agreement in all respects and to the same extent as the assigning Party is bound and provided that the assigning Party shall continue to be bound by all the obligations hereunder as if such assignment had not occurred and perform such obligations to the extent that such Affiliate fails to do so.

5.8
Notices

Any notice, demand, consent or other communication (“Notice”) given or made under this Agreement:

(a)
must be in writing and signed by a person duly authorised by the sender;

(b)
must be delivered to the intended recipient by hand or by courier to the address below or the address last notified by the intended recipient to the sender:

(i)
to the Purchaser: Routemaster Capital Inc.
65 Queen Street West, Suite 800
Toronto, Ontario
M5H 2M5
Attention: President
11



(ii)
to the Vendor: 2776234 Ontario Inc.
65 Queen Street West, Suite 800
Toronto, Ontario
   M5H 2M5
  Attention: President
(c)
Any notice will be deemed to have been given and received:

(i)
if personally delivered, then on the day of personal service to the recipient party, provided that if such date is a day other than a Business Day such notice will be deemed to have been given and received on the first Business Day following the date of personal service;

(ii)
if by pre-paid registered mail, then the first Business Day, after the expiration of five (5) days following the date of mailing; or

(iii)
if sent by facsimile transmission or e-mail and successfully transmitted prior to 5:00 pm on a Business Day where the recipient is located, then on that Business Day, and if transmitted after 5:00 pm on a Business Day where the recipient is located or on the day that is not a Business Day where the recipient is located, then on the first Business Day following the date of transmission.

(d)
A Party may at any time change its address for future Notices hereunder by Notice in accordance with this Section.

5.9
Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein, other than any conflicts of law principles.

5.10
Dispute Resolution

Any dispute, controversy or claim between the Vendor and the Purchaser arising out of or relating to this Agreement, or the execution, interpretation, breach, termination, or invalidity thereof, shall be determined by the courts of the Province of Ontario.
12



5.11
Counterparts and Signatures

This Agreement may be executed in two or more counterparts (including counterparts delivered by facsimile or electronic mail), all of which, taken together, shall be regarded as one and the same Agreement. Counterparts may be delivered by facsimile or electronic mail and the Parties adopt any signatures received by facsimile or electronic mail as original signatures of the Parties, provided, however, that any Party providing its signature in such a manner shall promptly forward to the other Parties an original of the signed signature page of this Agreement which was so sent by fax or electronic mail.


IN WITNESS WHEREOF the parties have caused this Royalty Purchase Agreement to be executed and delivered as of the date first set forth above.


ROUTEMASTER CAPITAL INC.




By: /s/ Fred Leigh
Name: Fred Leigh
Title:  Chief Executive Officer



2776234 ONTARIO INC.

By: /s/ Wen Ye  
Name: Wen Ye
Title:   Chief Executive Officer
13


SCHEDULE “A” REPRESENTATIONS AND WARRANTIES
OF THE VENDOR

The Vendor hereby represents and warrants to the Purchaser as follows and acknowledges that the Purchaser is relying upon such representations and warranties in connection with the matters contemplated by this Agreement:

(a)
The Vendor is a company duly incorporated and validly existing under the laws of the Province of Ontario and is up to date in all material respects with filings required by law.

(b)
All requisite corporate acts and proceedings have been done and taken by the Vendor, including obtaining all requisite board of directors’ approval, with respect to the entering into of this Agreement and performing each of its obligations hereunder.

(c)
The Vendor is the owner of the Royalties.

(d)
The Vendor owns its right, title and interest in the QMX NSR Royalty free and clear of all Liens and the interest in the QMX NSR Royalty to be sold, assigned, transferred and conveyed to the Purchaser hereunder shall be sold, assigned, transferred and conveyed by the Vendor to the Purchaser free and clear of all Liens. To the knowledge of the Vendor, the QMX Royalty Payor is not in default in any material respect of any of the provisions of the QMX NSR Royalty Agreement.

(e)
The Vendor owns its right, title and interest in the Lithium NSR Royalty free and clear of all Liens and the interest in the Lithium NSR Royalty to be sold, assigned, transferred and conveyed to the Purchaser hereunder shall be sold, assigned, transferred and conveyed by the Vendor to the Purchaser free and clear of all Liens. To the knowledge of the Vendor, the Lithium Royalty Payor is not in default in any material respect of any of the provisions of the Lithium NSR Royalty Agreement.

(f)
The Vendor has the requisite corporate power, capacity and authority to enter into this Agreement, and to perform each of its obligations hereunder.

(g)
This Agreement and the exercise of the Vendor’s rights and performance of its obligations hereunder do not and will not:

(i)
conflict with any material agreement, mortgage, bond or other instrument to which the Vendor is a party or which is binding on their assets,

(ii)
conflict with the constating or constitutive documents of the Vendor, or

(iii)
conflict with or violate any Applicable Law in any material respect.
14



(h)
No Approvals are required to be obtained by the Vendor in connection with the execution and delivery or the performance by the Vendor of this Agreement or the transactions contemplated hereby.

(i)
This Agreement has been duly and validly executed and delivered by the Vendor and constitutes a legal, valid and binding obligation of it, enforceable against it in accordance with its terms.

(j)
There are no material claims, actions, suits, arbitrations, inquiries, investigations or proceedings against the Vendor relating to or affecting the Properties for which process has been officially served, in accordance with requisite laws, nor to the knowledge of the Vendor, are any of the same pending or threatened.

(k)
There is no bankruptcy, liquidation, winding-up or other similar proceeding pending or in progress or, to the knowledge of the Vendor, threatened against the Vendor, before any court, administrative, regulatory or similar agency or tribunal.

(l)
No person has any agreement, option, right of first refusal or right, title or interest or right capable of becoming an agreement, option, right of first refusal or right, title or interest, in or to the Royalties, other than as provided in the QMX NSR Royalty Agreement and the Lithium NSR Royalty Agreement.

(m)
The Vendor is an “accredited investor”, as such term is defined under Ontario securities laws.

(n)
The Vendor has no liability to pay any fees or commissions to any broker, finder, or agent with respect to the transactions contemplated hereunder for which the Purchaser could become liable or obligated.
15


SCHEDULE “B” REPRESENTATIONS AND WARRANTIES OF THE
PURCHASER

The Purchaser hereby represents and warrants to the Vendor as follows and acknowledges that the Vendor is relying upon such representations and warranties in connection with the matters contemplated by this Agreement:

(a)
The Purchaser is a company duly continued and validly existing under the laws of the Province of Ontario and is up to date in all material respects with all filings required by law.

(b)
All requisite corporate acts and proceedings have been done and taken by the Purchaser, including obtaining all requisite board of directors’ approval, with respect to entering into this Agreement and performing its obligations hereunder.

(c)
The Purchaser has the requisite corporate power, capacity and authority to enter into this Agreement and to perform its obligations hereunder.

(d)
This Agreement and the exercise of its rights and performance of its obligations hereunder do not and will not (1) conflict with any material agreement, mortgage, bond or other instrument to which the Purchaser is a party or which is binding on its assets, (2) conflict with its constating or constitutive documents, or (3) conflict with or violate any applicable law in any material respect.

(e)
This Agreement has been duly and validly executed and delivered by the Purchaser and constitutes a legal, valid and binding obligation of the Purchaser, enforceable against it in accordance with its terms.

(f)
There is no bankruptcy, liquidation, winding-up or other similar proceeding pending or in progress or, to the knowledge of the Purchaser, threatened against the Purchaser, before any court, administrative, regulatory or similar agency or tribunal.

(g)
The sale of the Consideration Shares will not be subject to any pre-emptive right or other contractual right to purchase securities granted by the Purchaser or to which the Purchaser is subject.

(h)
Prior to the Time of Closing, all necessary corporate action shall have been taken to authorize the sale of the Consideration Shares and the delivery of certificates representing the Consideration Shares.

The Purchaser has not approved or entered into any agreement in respect of (i) the purchase of material assets or any interest therein or the sale, transfer or other disposition of any material portion of its assets or any interest therein currently owned, directly or indirectly, by the Purchaser whether by asset sale, transfer of shares or otherwise; or (ii) the change of control (by sale or transfer of shares or sale of all or substantially all of the property and assets of the Purchaser or otherwise) of the Purchaser.
16


SCHEDULE “C” LITHIUM PROPERTIES

Environmental Licence
-
Resolution Nr. 15/2014. Approval of Environmental Impact Affidavit for mines “San Jorge”, “San Martín”, “San Andrés”, “Santo Domingo”, “Coral”, “Grupo Minero Diablillos”, “Chinchillas”, “La Entrerriana”, “Zorro II” and the Camp easement.

-
Resolution Nr. 214/2014. Approval of Environmental Impact Affidavit for mines “Nuestra Señora de Luján”; “San Atilio”, “La Petisa”, “Angélica” and “Ratonex II”.

Surface Rights
-
Solicitud Parque Industrial Salar de Pocitos and Registro de Seguimiento de Tramite (300 Ha)

Mining Concessions
Mine
Has.
Owner
Licences
Contract
Angélica
100,00
 
 
 
 
 
 
 
Subsidiary
 
Public Deed Nr. 275
 
San Atilio
 
100,00
Usufruct right on 100% of the solid borates held by Santiago Saenz S.A.
 
 
 
Public Deed Nr. 276
 
 
Nuestra Señora del Luján
 
 
100,00
 
Usufruct right on 40% of the solid borates held by Colorado S.A. and 60% held by Santiago Saenz S.A.
La Petisa
246,50
 
 
 
Public Deed Nr. 12
Zorro I
165,00
Zorro II
975,00
Santa Maflo
1.500,00
 
Ratonex II
 
2.170,00
 
Subsidiary
 
Judgment passed by Mining and Commercial Court on April 24th, 2014.
Aegyr
100,00
 
 
 
 
 
 
 
 
 
 
 
Borax
 
 
 
 
 
 
 
 
 
 
Usufruct right held by Subsidiary as established by Diablillos Mining Licence and Diablillos Option Agreement
 
 
 
 
 
 
 
 
 
 
 
Public Deed Nr. 9
Chinchillas
200,00
Consuelo
100,00
Coral
100,00
Esperanza
100,00
La Entrerriana
200,00
La Pichunga
100,00
La Tosca 1 y 2
200,00
Odin y Thor
100,00
San Andrés
100,00
San Felipe
100,00
San Jorge
100,00
San José
100,00
San Juan
100,00
San Marcelo
100,00
San Martín
100,00
17



San Miguel
100,00
 
San Pablo
100,00
San Pedro
100,00
Santa Rosa
100,00
Santiago
100,00
Santo Domingo
200,00
Santo Tomás
100,00
Sol Argentino
100,00
18



SCHEDULE “D” QMX PROPERTIES
DESCRIPTION OF MINING LEASES:

3 Mining Leases located in the township of Bourlamaque, Province of Québec, and all located in the Registration Division of Abitibi, more fully described as follows:

Ownership
Owner
Number
Hectares
100%
QMX Gold Inc.
BM0739
80,17
100%
QMX Gold Inc.
BM0801
70,73
100%
QMX Gold Inc.
BM0873
100

DESCRIPTION OF MINING CONCESSIONS:

3 Mining Concessions located in the township of Bourlamaque in the Province of Québec, and all located in the Registration Division of Abitibi, more fully described as follows:


Ownership
Owner
Number
Hectares
100%
QMX Gold Inc.
CM0300
40,35
100%
QMX Gold Inc.
CM0428
76,93
100%
QMX Gold Inc.
CM0450
30,8

DESCRIPTION OF MINING CLAIMS

537 Mining Claims located in the townships of Bourlamaque, Louvicourt and Vauquelin each in the Province of Québec, and all located in the Registration Division of Abitibi, more fully described as follows:

Ownership
Owner
 
Title
Number
Hectares
 
100%
QMX Gold Inc.
CDC
 
2431025
 
11,48
100%
QMX Gold Inc.
CDC
 
2431026
 
31,75
100%
QMX Gold Inc.
CDC
 
2431047
 
34,58
100%
QMX Gold Inc.
CDC
 
2431048
 
38,86
100%
QMX Gold Inc.
CDC
 
2431046
 
32,22
100%
QMX Gold Inc.
CDC
 
2431024
 
8,77
100%
QMX Gold Inc.
CDC
 
2430876
 
57,49
100%
QMX Gold Inc.
CDC
 
2431066
 
37,47
100%
QMX Gold Inc.
CDC
 
2430811
 
57,51
100%
QMX Gold Inc.
CDC
 
2430819
 
57,5
100%
QMX Gold Inc.
CDC
 
2430820
 
57,5
100%
QMX Gold Inc.
CDC
 
2430821
 
57,5
100%
QMX Gold Inc.
CDC
 
2430822
 
57,5
19



Ownership
Owner
 
Title
Number
Hectares
 
100%
QMX Gold Inc.
CDC
 
2430823
 
57,5
100%
QMX Gold Inc.
CDC
 
2431032
 
34,64
100%
QMX Gold Inc.
CDC
 
2431064
 
49,2
100%
QMX Gold Inc.
CDC
 
2430824
 
57,5
100%
QMX Gold Inc.
CDC
 
2430884
 
57,5
100%
QMX Gold Inc.
CDC
 
2430813
 
57,51
100%
QMX Gold Inc.
CDC
 
2430825
 
57,5
100%
QMX Gold Inc.
CDC
 
2430775
 
57,5
100%
QMX Gold Inc.
CDC
 
2431065
 
29,81
100%
QMX Gold Inc.
CDC
 
2431029
 
48,45
100%
QMX Gold Inc.
CDC
 
2431028
 
56,89
100%
QMX Gold Inc.
CDC
 
2430818
 
57,5
100%
QMX Gold Inc.
CDC
 
2430817
 
57,5
100%
QMX Gold Inc.
CDC
 
2430812
 
57,51
100%
QMX Gold Inc.
CDC
 
2430815
 
57,51
100%
QMX Gold Inc.
CDC
 
2431030
 
45,51
100%
QMX Gold Inc.
CDC
 
2430814
 
57,51
100%
QMX Gold Inc.
CDC
 
2431031
 
49,89
100%
QMX Gold Inc.
CDC
 
2430829
 
57,49
100%
QMX Gold Inc.
CDC
 
2430828
 
57,49
100%
QMX Gold Inc.
CDC
 
2430826
 
57,49
100%
QMX Gold Inc.
CDC
 
2430827
 
57,49
100%
QMX Gold Inc.
CDC
 
2430885
 
57,49
100%
QMX Gold Inc.
CDC
 
2431033
 
40,57
100%
QMX Gold Inc.
CDC
 
2431071
 
23,57
100%
QMX Gold Inc.
CDC
 
2431052
 
10,28
100%
QMX Gold Inc.
CDC
 
2431051
 
38,83
100%
QMX Gold Inc.
CDC
 
2431060
 
50,01
100%
QMX Gold Inc.
CDC
 
2431061
 
43,24
100%
QMX Gold Inc.
CDC
 
2431062
 
15,22
100%
QMX Gold Inc.
CDC
 
2431063
 
28,7
100%
QMX Gold Inc.
CDC
 
2431068
 
0,12
100%
QMX Gold Inc.
CDC
 
2431073
 
49,39
100%
QMX Gold Inc.
CDC
 
2431075
 
55,98
100%
QMX Gold Inc.
CDC
 
2431076
 
41,73
100%
QMX Gold Inc.
CDC
 
2431077
 
54,61
100%
QMX Gold Inc.
CDC
 
2431078
 
31,88
100%
QMX Gold Inc.
CDC
 
2431079
 
31,22
100%
QMX Gold Inc.
CDC
 
2431081
 
40,98
100%
QMX Gold Inc.
CDC
 
2431050
 
55,88
100%
QMX Gold Inc.
CDC
 
2431080
 
27,51
100%
QMX Gold Inc.
CDC
 
2430942
 
57,43
20



Ownership
Owner
 
Title
Number
Hectares
 
100%
QMX Gold Inc.
CDC
 
2431102
 
12,1
100%
QMX Gold Inc.
CDC
 
2430934
 
57,43
100%
QMX Gold Inc.
CDC
 
2431082
 
40,9
100%
QMX Gold Inc.
CDC
 
2430936
 
57,43
100%
QMX Gold Inc.
CDC
 
2430937
 
57,43
100%
QMX Gold Inc.
CDC
 
2430938
 
57,43
100%
QMX Gold Inc.
CDC
 
2430939
 
57,43
100%
QMX Gold Inc.
CDC
 
2430935
 
57,43
100%
QMX Gold Inc.
CDC
 
2430941
 
57,43
100%
QMX Gold Inc.
CDC
 
2431045
 
6,28
100%
QMX Gold Inc.
CDC
 
2430943
 
57,43
100%
QMX Gold Inc.
CDC
 
2430944
 
57,43
100%
QMX Gold Inc.
CDC
 
2430945
 
57,43
100%
QMX Gold Inc.
CDC
 
2431035
 
33,64
100%
QMX Gold Inc.
CDC
 
2431044
 
2,01
100%
QMX Gold Inc.
CDC
 
2430940
 
57,43
100%
QMX Gold Inc.
CDC
 
2430832
 
57,49
100%
QMX Gold Inc.
CDC
 
2431104
 
12,19
100%
QMX Gold Inc.
CDC
 
2431105
 
12,22
100%
QMX Gold Inc.
CDC
 
2431106
 
12,25
100%
QMX Gold Inc.
CDC
 
2431107
 
12,28
100%
QMX Gold Inc.
CDC
 
2431108
 
12,3
100%
QMX Gold Inc.
CDC
 
2431109
 
12,32
100%
QMX Gold Inc.
CDC
 
2430816
 
57,5
100%
QMX Gold Inc.
CDC
 
2431100
 
12,25
100%
QMX Gold Inc.
CDC
 
2430831
 
57,49
100%
QMX Gold Inc.
CDC
 
2431101
 
12,1
100%
QMX Gold Inc.
CDC
 
2430836
 
57,48
100%
QMX Gold Inc.
CDC
 
2431034
 
49,49
100%
QMX Gold Inc.
CDC
 
2431036
 
40,25
100%
QMX Gold Inc.
CDC
 
2431059
 
57,24
100%
QMX Gold Inc.
CDC
 
2431067
 
56,3
100%
QMX Gold Inc.
CDC
 
2431110
 
16,94
100%
QMX Gold Inc.
CDC
 
2430830
 
57,49
100%
QMX Gold Inc.
CDC
 
2431084
 
55,26
100%
QMX Gold Inc.
CDC
 
2431085
 
53,07
100%
QMX Gold Inc.
CDC
 
2431089
 
49,8
100%
QMX Gold Inc.
CDC
 
2431103
 
12,15
100%
QMX Gold Inc.
CDC
 
2431092
 
32,18
100%
QMX Gold Inc.
CDC
 
2431072
 
33,93
100%
QMX Gold Inc.
CDC
 
2431095
 
10,48
100%
QMX Gold Inc.
CDC
 
2431097
 
2,31
21



Ownership
Owner
 
Title
Number
Hectares
 
100%
QMX Gold Inc.
CDC
 
2431098
 
12,57
100%
QMX Gold Inc.
CDC
 
2431099
 
12,41
100%
QMX Gold Inc.
CDC
 
2430933
 
57,44
100%
QMX Gold Inc.
CDC
 
2431083
 
40,82
100%
QMX Gold Inc.
CDC
 
2431091
 
23,03
100%
QMX Gold Inc.
CDC
 
2430872
 
57,47
100%
QMX Gold Inc.
CDC
 
2430863
 
57,47
100%
QMX Gold Inc.
CDC
 
2430864
 
57,47
100%
QMX Gold Inc.
CDC
 
2430865
 
57,47
100%
QMX Gold Inc.
CDC
 
2430866
 
57,47
100%
QMX Gold Inc.
CDC
 
2430867
 
57,47
100%
QMX Gold Inc.
CDC
 
2430868
 
57,47
100%
QMX Gold Inc.
CDC
 
2430869
 
57,47
100%
QMX Gold Inc.
CDC
 
2430894
 
57,46
100%
QMX Gold Inc.
CDC
 
2430871
 
57,47
100%
QMX Gold Inc.
CDC
 
2430860
 
57,47
100%
QMX Gold Inc.
CDC
 
2430873
 
57,47
100%
QMX Gold Inc.
CDC
 
2430874
 
57,47
100%
QMX Gold Inc.
CDC
 
2430875
 
57,48
100%
QMX Gold Inc.
CDC
 
2430890
 
57,46
100%
QMX Gold Inc.
CDC
 
2430892
 
57,46
100%
QMX Gold Inc.
CDC
 
2430893
 
57,46
100%
QMX Gold Inc.
CDC
 
2430870
 
57,47
100%
QMX Gold Inc.
CDC
 
2430839
 
57,48
100%
QMX Gold Inc.
CDC
 
2430776
 
57,47
100%
QMX Gold Inc.
CDC
 
2430837
 
57,48
100%
QMX Gold Inc.
CDC
 
2430838
 
57,48
100%
QMX Gold Inc.
CDC
 
2430862
 
57,47
100%
QMX Gold Inc.
CDC
 
2308802
 
0,1
100%
QMX Gold Inc.
CDC
 
2430861
 
57,47
100%
QMX Gold Inc.
CDC
 
2430840
 
57,48
100%
QMX Gold Inc.
CDC
 
2430841
 
57,48
100%
QMX Gold Inc.
CDC
 
2430842
 
57,48
100%
QMX Gold Inc.
CDC
 
2430843
 
57,48
100%
QMX Gold Inc.
CDC
 
2430844
 
57,48
100%
QMX Gold Inc.
CDC
 
2430845
 
57,48
100%
QMX Gold Inc.
CDC
 
2430859
 
57,47
100%
QMX Gold Inc.
CDC
 
2430891
 
57,46
100%
QMX Gold Inc.
CDC
 
2308801
 
0,44
100%
QMX Gold Inc.
CDC
 
2430923
 
57,44
100%
QMX Gold Inc.
CDC
 
2430914
 
57,45
100%
QMX Gold Inc.
CDC
 
2430895
 
57,46
22



Ownership
Owner
 
Title
Number
Hectares
 
100%
QMX Gold Inc.
CDC
 
2430889
 
57,46
100%
QMX Gold Inc.
CDC
 
2430918
 
57,44
100%
QMX Gold Inc.
CDC
 
2430919
 
57,44
100%
QMX Gold Inc.
CDC
 
2430920
 
57,44
100%
QMX Gold Inc.
CDC
 
2430913
 
57,45
100%
QMX Gold Inc.
CDC
 
2430922
 
57,44
100%
QMX Gold Inc.
CDC
 
2430915
 
57,45
100%
QMX Gold Inc.
CDC
 
2430924
 
57,44
100%
QMX Gold Inc.
CDC
 
2430925
 
57,44
100%
QMX Gold Inc.
CDC
 
2430926
 
57,44
100%
QMX Gold Inc.
CDC
 
2430927
 
57,44
100%
QMX Gold Inc.
CDC
 
2430928
 
57,44
100%
QMX Gold Inc.
CDC
 
2430929
 
57,44
100%
QMX Gold Inc.
CDC
 
2430930
 
57,44
100%
QMX Gold Inc.
CDC
 
2430921
 
57,44
100%
QMX Gold Inc.
CDC
 
2430901
 
57,46
100%
QMX Gold Inc.
CDC
 
2430896
 
57,46
100%
QMX Gold Inc.
CDC
 
2430897
 
57,46
100%
QMX Gold Inc.
CDC
 
2430898
 
57,46
100%
QMX Gold Inc.
CDC
 
2430900
 
57,46
100%
QMX Gold Inc.
CDC
 
2430912
 
57,45
100%
QMX Gold Inc.
CDC
 
2430902
 
57,45
100%
QMX Gold Inc.
CDC
 
2430903
 
57,45
100%
QMX Gold Inc.
CDC
 
2430910
 
57,45
100%
QMX Gold Inc.
CDC
 
2430899
 
57,46
100%
QMX Gold Inc.
CDC
 
2430911
 
57,45
100%
QMX Gold Inc.
CDC
 
2431074
 
57,4
100%
QMX Gold Inc.
CDC
 
2430909
 
57,45
100%
QMX Gold Inc.
CDC
 
2430908
 
57,45
100%
QMX Gold Inc.
CDC
 
2430907
 
57,45
100%
QMX Gold Inc.
CDC
 
2430906
 
57,45
100%
QMX Gold Inc.
CDC
 
2430905
 
57,45
100%
QMX Gold Inc.
CDC
 
2430904
 
57,45
100%
QMX Gold Inc.
CDC
 
2431112
 
5,35
100%
QMX Gold Inc.
CDC
 
2430774
 
57,53
100%
QMX Gold Inc.
CDC
 
2430995
 
19,71
100%
QMX Gold Inc.
CDC
 
2432851
 
36,26
100%
QMX Gold Inc.
CDC
 
2432857
 
57,53
100%
QMX Gold Inc.
CDC
 
2432912
 
57,53
100%
QMX Gold Inc.
CDC
 
2432913
 
55,4
100%
QMX Gold Inc.
CDC
 
2432892
 
57,54
100%
QMX Gold Inc.
CDC
 
2432895
 
57,54
23



Ownership
Owner
 
Title
Number
Hectares
 
100%
QMX Gold Inc.
CDC
 
2432898
 
57,54
100%
QMX Gold Inc.
CDC
 
2432916
 
57,53
100%
QMX Gold Inc.
CDC
 
2432922
 
57,54
100%
QMX Gold Inc.
CDC
 
2430800
 
57,53
100%
QMX Gold Inc.
CDC
 
2430802
 
57,53
100%
QMX Gold Inc.
CDC
 
2430801
 
57,53
100%
QMX Gold Inc.
CDC
 
2431015
 
26,44
100%
QMX Gold Inc.
CDC
 
2431014
 
16,6
100%
QMX Gold Inc.
CDC
 
2430879
 
57,53
100%
QMX Gold Inc.
CDC
 
2431016
 
54,37
100%
QMX Gold Inc.
CDC
 
2430998
 
48,33
100%
QMX Gold Inc.
CDC
 
2432888
 
21,25
100%
QMX Gold Inc.
CDC
 
2432920
 
5,61
100%
QMX Gold Inc.
CDC
 
2432904
 
19,6
100%
QMX Gold Inc.
CDC
 
2432903
 
57,54
100%
QMX Gold Inc.
CDC
 
2432897
 
55,13
100%
QMX Gold Inc.
CDC
 
2432890
 
2,7
100%
QMX Gold Inc.
CDC
 
2432885
 
39,74
100%
QMX Gold Inc.
CDC
 
2432865
 
21,21
100%
QMX Gold Inc.
CDC
 
2432850
 
5,02
100%
QMX Gold Inc.
CDC
 
2432848
 
0,27
100%
QMX Gold Inc.
CDC
 
2432844
 
17,13
100%
QMX Gold Inc.
CDC
 
2432836
 
57,54
100%
QMX Gold Inc.
CDC
 
2432837
 
57,54
100%
QMX Gold Inc.
CDC
 
2431003
 
25,3
100%
QMX Gold Inc.
CDC
 
2431004
 
0,12
100%
QMX Gold Inc.
CDC
 
2431005
 
48,96
100%
QMX Gold Inc.
CDC
 
2432917
 
2,58
100%
QMX Gold Inc.
CDC
 
2432908
 
57,54
100%
QMX Gold Inc.
CDC
 
2432870
 
57,54
100%
QMX Gold Inc.
CDC
 
2432918
 
47,17
100%
QMX Gold Inc.
CDC
 
2432887
 
38,6
100%
QMX Gold Inc.
CDC
 
2432876
 
25,23
100%
QMX Gold Inc.
CDC
 
2432874
 
1,34
100%
QMX Gold Inc.
CDC
 
2432868
 
46,34
100%
QMX Gold Inc.
CDC
 
2432894
 
1,17
100%
QMX Gold Inc.
CDC
 
2432860
 
57,53
100%
QMX Gold Inc.
CDC
 
2432839
 
57,53
100%
QMX Gold Inc.
CDC
 
2432873
 
57,52
100%
QMX Gold Inc.
CDC
 
2432923
 
57,52
100%
QMX Gold Inc.
CDC
 
2432911
 
57,53
100%
QMX Gold Inc.
CDC
 
2432906
 
57,52
24



Ownership
Owner
 
Title
Number
Hectares
 
100%
QMX Gold Inc.
CDC
 
2432905
 
42,65
100%
QMX Gold Inc.
CDC
 
2432899
 
57,52
100%
QMX Gold Inc.
CDC
 
2432886
 
54,38
100%
QMX Gold Inc.
CDC
 
2432880
 
15,46
100%
QMX Gold Inc.
CDC
 
2432842
 
34,4
100%
QMX Gold Inc.
CDC
 
2432872
 
34,35
100%
QMX Gold Inc.
CDC
 
2432867
 
57,53
100%
QMX Gold Inc.
CDC
 
2432861
 
20,57
100%
QMX Gold Inc.
CDC
 
2432859
 
20,11
100%
QMX Gold Inc.
CDC
 
2432854
 
34,54
100%
QMX Gold Inc.
CDC
 
2432853
 
57,52
100%
QMX Gold Inc.
CDC
 
2432849
 
57,52
100%
QMX Gold Inc.
CDC
 
2432845
 
57,53
100%
QMX Gold Inc.
CDC
 
2432921
 
57,54
100%
QMX Gold Inc.
CDC
 
2432877
 
34,44
100%
QMX Gold Inc.
CDC
 
2432891
 
57,52
100%
QMX Gold Inc.
CDC
 
2432900
 
57,52
100%
QMX Gold Inc.
CDC
 
2432901
 
18,3
100%
QMX Gold Inc.
CDC
 
2432909
 
18,38
100%
QMX Gold Inc.
CDC
 
2432841
 
21,66
100%
QMX Gold Inc.
CDC
 
2432883
 
57,51
100%
QMX Gold Inc.
CDC
 
2432910
 
24,58
100%
QMX Gold Inc.
CDC
 
2432864
 
18,35
100%
QMX Gold Inc.
CDC
 
2432871
 
56,37
100%
QMX Gold Inc.
CDC
 
2432882
 
43,41
100%
QMX Gold Inc.
CDC
 
2432881
 
0,47
100%
QMX Gold Inc.
CDC
 
2432879
 
13,95
100%
QMX Gold Inc.
CDC
 
2432869
 
57,52
100%
QMX Gold Inc.
CDC
 
2432852
 
0,71
100%
QMX Gold Inc.
CDC
 
2432847
 
43,5
100%
QMX Gold Inc.
CDC
 
2432840
 
57,51
100%
QMX Gold Inc.
CDC
 
2432838
 
57,52
100%
QMX Gold Inc.
CDC
 
2432875
 
0,7
55%
QMX Gold Inc.
CDC
 
2424265
 
12,06
55%
QMX Gold Inc.
CL
 
1743761
 
30
55%
QMX Gold Inc.
CL
 
1743762
 
18
55%
QMX Gold Inc.
CL
 
1743763
 
18
55%
QMX Gold Inc.
CDC
 
2433450
 
39,84
55%
QMX Gold Inc.
CL
 
1743764
 
10
55%
QMX Gold Inc.
CDC
 
2433455
 
41,07
55%
QMX Gold Inc.
CDC
 
2433446
 
51,28
55%
QMX Gold Inc.
CDC
 
2433466
 
15,59
25



 
Ownership
Owner
 
Title
Number
Hectares
 
55%
 
QMX Gold Inc.
CDC
 
2433465
 
37,82
55%
 
QMX Gold Inc.
CDC
 
2433464
 
17,68
55%
 
QMX Gold Inc.
CDC
 
2433452
 
41,2
55%
 
QMX Gold Inc.
CDC
 
2433449
 
51,33
55%
 
QMX Gold Inc.
CDC
 
2431012
 
53,38
55%
 
QMX Gold Inc.
CDC
 
2431011
 
45,46
55%
 
QMX Gold Inc.
CDC
 
2433443
 
0,49
55%
 
QMX Gold Inc.
CDC
 
2433441
 
7,53
55%
 
QMX Gold Inc.
CDC
 
2433428
 
29,35
55%
 
QMX Gold Inc.
CDC
 
2433426
 
50,97
55%
 
QMX Gold Inc.
CDC
 
2433490
 
4,14
55%
 
QMX Gold Inc.
CDC
 
2433458
 
34,46
55%
 
QMX Gold Inc.
CDC
 
2433418
 
57,53
55%
 
QMX Gold Inc.
CDC
 
2424266
 
11,39
55%
 
QMX Gold Inc.
CDC
 
2424267
 
15,42
55%
 
QMX Gold Inc.
CDC
 
2433489
 
6,52
55%
 
QMX Gold Inc.
CDC
 
2424264
 
18,37
55%
 
QMX Gold Inc.
CDC
 
2275815
 
16,47
55%
 
QMX Gold Inc.
CDC
 
2275816
 
20,05
55%
 
QMX Gold Inc.
CDC
 
2433491
 
8,86
55%
 
QMX Gold Inc.
CDC
 
2433492
 
12,76
55%
 
QMX Gold Inc.
CDC
 
2433493
 
36,2
55%
 
QMX Gold Inc.
CDC
 
2433416
 
57,53
55%
 
QMX Gold Inc.
CDC
 
2433417
 
57,53
55%
 
QMX Gold Inc.
CDC
 
2433488
 
1,09
55%
 
QMX Gold Inc.
CDC
 
2433439
 
32,24
55%
 
QMX Gold Inc.
CDC
 
2433438
 
0,58
55%
 
QMX Gold Inc.
CDC
 
2433432
 
51,02
55%
 
QMX Gold Inc.
CDC
 
2433437
 
10,02
55%
 
QMX Gold Inc.
CDC
 
2433436
 
36,1
55%
 
QMX Gold Inc.
CDC
 
2433435
 
12,69
55%
 
QMX Gold Inc.
CDC
 
2433434
 
50,69
55%
 
QMX Gold Inc.
CDC
 
2433433
 
24,7
55%
 
QMX Gold Inc.
CDC
 
2433431
 
30,03
55%
 
QMX Gold Inc.
CDC
 
2433430
 
25,62
55%
 
QMX Gold Inc.
CDC
 
2433429
 
34,05
55%
 
QMX Gold Inc.
CDC
 
2433427
 
50,73
55%
 
QMX Gold Inc.
CDC
 
2433425
 
57,47
55%
 
QMX Gold Inc.
CDC
 
2433421
 
57,5
55%
 
QMX Gold Inc.
CDC
 
2433440
 
12,95
55%
 
QMX Gold Inc.
CDC
 
2433462
 
51,22
55%
 
QMX Gold Inc.
CDC
 
2433423
 
57,49
26



 
Ownership
Owner
 
Title
Number
Hectares
 
55%
 
QMX Gold Inc.
CDC
 
2433456
 
28,28
55%
 
QMX Gold Inc.
CDC
 
2433422
 
57,49
55%
 
QMX Gold Inc.
CDC
 
2433444
 
4,45
55%
 
QMX Gold Inc.
CDC
 
2433420
 
57,48
55%
 
QMX Gold Inc.
CDC
 
2433463
 
40,27
55%
 
QMX Gold Inc.
CDC
 
2433461
 
26,16
55%
 
QMX Gold Inc.
CDC
 
2433460
 
53,29
55%
 
QMX Gold Inc.
CDC
 
2433467
 
50,86
55%
 
QMX Gold Inc.
CDC
 
2433457
 
34,2
55%
 
QMX Gold Inc.
CDC
 
2433442
 
57,47
55%
 
QMX Gold Inc.
CDC
 
2433454
 
57,48
55%
 
QMX Gold Inc.
CDC
 
2433453
 
47,68
55%
 
QMX Gold Inc.
CDC
 
2433451
 
11,18
55%
 
QMX Gold Inc.
CDC
 
2433448
 
21,01
55%
 
QMX Gold Inc.
CDC
 
2433447
 
19,76
55%
 
QMX Gold Inc.
CDC
 
2433445
 
1,97
55%
 
QMX Gold Inc.
CDC
 
2433459
 
30,29
55%
 
QMX Gold Inc.
CL
 
2042202
 
20
55%
 
QMX Gold Inc.
CL
 
1958272
 
19,6
55%
 
QMX Gold Inc.
CL
 
2543654
 
20
55%
 
QMX Gold Inc.
CL
 
2543652
 
20
55%
 
QMX Gold Inc.
CL
 
2543651
 
20
55%
 
QMX Gold Inc.
CL
 
2541424
 
20
55%
 
QMX Gold Inc.
CL
 
2541423
 
20
55%
 
QMX Gold Inc.
CL
 
3362432
 
20
55%
 
QMX Gold Inc.
CL
 
2042203
 
20
55%
 
QMX Gold Inc.
CL
 
3362431
 
54
55%
 
QMX Gold Inc.
CL
 
2042201
 
20
55%
 
QMX Gold Inc.
CL
 
1958302
 
16,8
55%
 
QMX Gold Inc.
CL
 
1958301
 
17,6
55%
 
QMX Gold Inc.
CL
 
1958274
 
18,4
55%
 
QMX Gold Inc.
CL
 
1958273
 
19,2
55%
 
QMX Gold Inc.
CDC
 
2433419
 
57,47
55%
 
QMX Gold Inc.
CDC
 
2433424
 
57,48
55%
 
QMX Gold Inc.
CL
 
2042204
 
20
55%
 
QMX Gold Inc.
CL
 
3362561
 
54
55%
 
QMX Gold Inc.
CDC
 
2433415
 
57,49
55%
 
QMX Gold Inc.
CDC
 
2433414
 
57,49
55%
 
QMX Gold Inc.
CL
 
1958271
 
20
55%
 
QMX Gold Inc.
CDC
 
2433413
 
57,49
55%
 
QMX Gold Inc.
CL
 
2543653
 
20
55%
 
QMX Gold Inc.
CL
 
3362562
 
20
27



Ownership
Owner
 
Title
Number
Hectares
 
55%
QMX Gold Inc.
CL
 
3362511
 
54
55%
QMX Gold Inc.
CL
 
3362552
 
20
55%
QMX Gold Inc.
CL
 
3362522
 
20
55%
QMX Gold Inc.
CL
 
3362512
 
20
55%
QMX Gold Inc.
CDC
 
2433412
 
57,5
55%
QMX Gold Inc.
CL
 
3362521
 
54
55%
QMX Gold Inc.
CL
 
3362551
 
54
55%
QMX Gold Inc.
CL
 
3362531
 
54
55%
QMX Gold Inc.
CL
 
3362532
 
20
55%
QMX Gold Inc.
CL
 
3362542
 
54
55%
QMX Gold Inc.
CL
 
3362543
 
20
100%
QMX Gold Inc.
CDC
 
2432884
 
57,54
100%
QMX Gold Inc.
CDC
 
2432862
 
47,11
100%
QMX Gold Inc.
CDC
 
2432866
 
34,28
100%
QMX Gold Inc.
CDC
 
2432858
 
1,98
100%
QMX Gold Inc.
CDC
 
2432856
 
30,1
100%
QMX Gold Inc.
CDC
 
2432863
 
55,17
100%
QMX Gold Inc.
CDC
 
2432924
 
30,29
100%
QMX Gold Inc.
CDC
 
2432915
 
12,29
100%
QMX Gold Inc.
CDC
 
2432914
 
20,06
100%
QMX Gold Inc.
CDC
 
2432907
 
17,59
100%
QMX Gold Inc.
CDC
 
2432902
 
0,97
100%
QMX Gold Inc.
CDC
 
2432889
 
37,19
100%
QMX Gold Inc.
CDC
 
2432893
 
22,07
100%
QMX Gold Inc.
CDC
 
2432919
 
23,71
100%
QMX Gold Inc.
CDC
 
2430989
 
53,55
100%
QMX Gold Inc.
CDC
 
2430849
 
57,54
100%
QMX Gold Inc.
CDC
 
2430848
 
57,54
100%
QMX Gold Inc.
CDC
 
2430991
 
57,05
100%
QMX Gold Inc.
CDC
 
2431117
 
57,5
100%
QMX Gold Inc.
CDC
 
2430852
 
57,53
100%
QMX Gold Inc.
CDC
 
2430990
 
57,25
100%
QMX Gold Inc.
CDC
 
2430782
 
57,55
100%
QMX Gold Inc.
CDC
 
2430988
 
55,26
100%
QMX Gold Inc.
CDC
 
2430987
 
42,9
100%
QMX Gold Inc.
CDC
 
2432878
 
38,13
100%
QMX Gold Inc.
CDC
 
2430968
 
54,06
100%
QMX Gold Inc.
CDC
 
2430786
 
57,54
100%
QMX Gold Inc.
CDC
 
2430781
 
57,55
100%
QMX Gold Inc.
CDC
 
2430783
 
57,55
100%
QMX Gold Inc.
CDC
 
2430784
 
57,55
100%
QMX Gold Inc.
CDC
 
2430846
 
57,54
28



Ownership
Owner
 
Title
Number
Hectares
 
100%
QMX Gold Inc.
CDC
 
2432843
 
38,08
100%
QMX Gold Inc.
CDC
 
2432846
 
38,04
100%
QMX Gold Inc.
CDC
 
2432855
 
51,36
100%
QMX Gold Inc.
CDC
 
2432896
 
42,06
100%
QMX Gold Inc.
CDC
 
2430986
 
18,06
100%
QMX Gold Inc.
CDC
 
2430787
 
57,54
100%
QMX Gold Inc.
CDC
 
2430857
 
57,53
100%
QMX Gold Inc.
CDC
 
2430788
 
57,54
100%
QMX Gold Inc.
CDC
 
2430985
 
0,01
100%
QMX Gold Inc.
CDC
 
2430789
 
57,54
100%
QMX Gold Inc.
CDC
 
2430790
 
57,54
100%
QMX Gold Inc.
CDC
 
2430791
 
57,54
100%
QMX Gold Inc.
CDC
 
2430853
 
57,53
100%
QMX Gold Inc.
CDC
 
2430854
 
57,53
100%
QMX Gold Inc.
CDC
 
2430856
 
57,53
100%
QMX Gold Inc.
CDC
 
2430858
 
57,53
100%
QMX Gold Inc.
CDC
 
2430972
 
0,02
100%
QMX Gold Inc.
CDC
 
2430984
 
40,12
100%
QMX Gold Inc.
CDC
 
2430976
 
44,23
100%
QMX Gold Inc.
CDC
 
2430975
 
41,52
100%
QMX Gold Inc.
CDC
 
2430855
 
57,53
100%
QMX Gold Inc.
CDC
 
2430973
 
2,63
100%
QMX Gold Inc.
CDC
 
2430952
 
29,21
100%
QMX Gold Inc.
CDC
 
2430971
 
1,14
100%
QMX Gold Inc.
CDC
 
2430970
 
6,19
100%
QMX Gold Inc.
CDC
 
2430969
 
4,11
100%
QMX Gold Inc.
CDC
 
2430953
 
33,28
100%
QMX Gold Inc.
CDC
 
2430974
 
0,06
100%
QMX Gold Inc.
CDC
 
2431007
 
35,75
100%
QMX Gold Inc.
CDC
 
2430882
 
57,51
100%
QMX Gold Inc.
CDC
 
2431010
 
39,15
100%
QMX Gold Inc.
CDC
 
2431009
 
55,26
100%
QMX Gold Inc.
CDC
 
2431008
 
47,65
100%
QMX Gold Inc.
CDC
 
2430851
 
57,52
100%
QMX Gold Inc.
CDC
 
2431039
 
3,16
100%
QMX Gold Inc.
CDC
 
2431023
 
36,1
100%
QMX Gold Inc.
CDC
 
2431022
 
30,63
100%
QMX Gold Inc.
CDC
 
2431006
 
45,43
100%
QMX Gold Inc.
CDC
 
2431019
 
1,67
100%
QMX Gold Inc.
CDC
 
2431037
 
41,59
100%
QMX Gold Inc.
CDC
 
2431038
 
13,39
100%
QMX Gold Inc.
CDC
 
2431021
 
29,1
29



Ownership
Owner
 
Title
Number
Hectares
 
100%
QMX Gold Inc.
CDC
 
2431020
 
49,98
100%
QMX Gold Inc.
CDC
 
2430977
 
11,13
100%
QMX Gold Inc.
CDC
 
2430996
 
0,37
100%
QMX Gold Inc.
CDC
 
2430983
 
34,82
100%
QMX Gold Inc.
CDC
 
2430886
 
57,54
100%
QMX Gold Inc.
CDC
 
2430877
 
57,54
100%
QMX Gold Inc.
CDC
 
2430798
 
57,53
100%
QMX Gold Inc.
CDC
 
2430794
 
57,54
100%
QMX Gold Inc.
CDC
 
2430793
 
57,54
100%
QMX Gold Inc.
CDC
 
2430792
 
57,54
100%
QMX Gold Inc.
CDC
 
2430997
 
4,78
100%
QMX Gold Inc.
CDC
 
2430804
 
57,53
100%
QMX Gold Inc.
CDC
 
2430795
 
57,54
100%
QMX Gold Inc.
CDC
 
2430994
 
54,74
100%
QMX Gold Inc.
CDC
 
2430965
 
2,68
100%
QMX Gold Inc.
CDC
 
2430964
 
8,78
100%
QMX Gold Inc.
CDC
 
2430797
 
57,53
100%
QMX Gold Inc.
CDC
 
2430979
 
51,83
100%
QMX Gold Inc.
CDC
 
2430966
 
0,06
100%
QMX Gold Inc.
CDC
 
2430978
 
53,38
100%
QMX Gold Inc.
CDC
 
2430785
 
57,55
100%
QMX Gold Inc.
CDC
 
2430980
 
51,47
100%
QMX Gold Inc.
CDC
 
2430981
 
51,75
100%
QMX Gold Inc.
CDC
 
2430982
 
13,25
100%
QMX Gold Inc.
CDC
 
2430992
 
13,19
100%
QMX Gold Inc.
CDC
 
2430993
 
44,28
100%
QMX Gold Inc.
CDC
 
2430796
 
57,53
100%
QMX Gold Inc.
CDC
 
2430961
 
10,64
100%
QMX Gold Inc.
CDC
 
2430780
 
57,55
100%
QMX Gold Inc.
CDC
 
2430779
 
57,55
100%
QMX Gold Inc.
CDC
 
2430778
 
57,55
100%
QMX Gold Inc.
CDC
 
2430967
 
45,11
100%
QMX Gold Inc.
CDC
 
2430962
 
11,34
100%
QMX Gold Inc.
CDC
 
2430960
 
9,97
100%
QMX Gold Inc.
CDC
 
2430959
 
10,74
100%
QMX Gold Inc.
CDC
 
2430958
 
32,66
100%
QMX Gold Inc.
CDC
 
2430957
 
37,59
100%
QMX Gold Inc.
CDC
 
2430956
 
35,74
100%
QMX Gold Inc.
CDC
 
2430777
 
57,55
100%
QMX Gold Inc.
CDC
 
2430963
 
10,75
100%
QMX Gold Inc.
CDC
 
2430954
 
32,71
100%
QMX Gold Inc.
CDC
 
2430955
 
35,48
30



Ownership
Owner
 
Title
Number
Hectares
 
100%
QMX Gold Inc.
CDC
 
2430803
 
57,53
100%
QMX Gold Inc.
CDC
 
2430999
 
49,26
100%
QMX Gold Inc.
CDC
 
2430805
 
57,52
100%
QMX Gold Inc.
CDC
 
2430880
 
57,53
100%
QMX Gold Inc.
CDC
 
2431017
 
33,56
100%
QMX Gold Inc.
CDC
 
2430810
 
57,52
100%
QMX Gold Inc.
CDC
 
2430809
 
57,52
100%
QMX Gold Inc.
CDC
 
2430808
 
57,52
100%
QMX Gold Inc.
CDC
 
2430881
 
57,52
100%
QMX Gold Inc.
CDC
 
2431049
 
51,35
100%
QMX Gold Inc.
CDC
 
2431027
 
55,47
100%
QMX Gold Inc.
CDC
 
2430883
 
57,51
100%
QMX Gold Inc.
CDC
 
2430806
 
57,52
100%
QMX Gold Inc.
CDC
 
2430807
 
57,52
100%
QMX Gold Inc.
CDC
 
2431057
 
13,07
100%
QMX Gold Inc.
CDC
 
2431069
 
46,46
100%
QMX Gold Inc.
CDC
 
2431058
 
31,8
100%
QMX Gold Inc.
CDC
 
2430835
 
57,48
100%
QMX Gold Inc.
CDC
 
2430834
 
57,48
100%
QMX Gold Inc.
CDC
 
2431070
 
38,05
100%
QMX Gold Inc.
CDC
 
2431056
 
20,33
100%
QMX Gold Inc.
CDC
 
2431055
 
56,2
100%
QMX Gold Inc.
CDC
 
2431054
 
32,29
100%
QMX Gold Inc.
CDC
 
2431053
 
0,68
100%
QMX Gold Inc.
CDC
 
2431043
 
7,52
100%
QMX Gold Inc.
CDC
 
2431042
 
23,39
100%
QMX Gold Inc.
CDC
 
2431041
 
25,77
100%
QMX Gold Inc.
CDC
 
2431040
 
6,01
100%
QMX Gold Inc.
CDC
 
2430833
 
57,48
100%
QMX Gold Inc.
CDC
 
2430888
 
57,53
100%
QMX Gold Inc.
CDC
 
2430887
 
57,53
100%
QMX Gold Inc.
CDC
 
2431002
 
40,51
100%
QMX Gold Inc.
CDC
 
2430847
 
57,53
100%
QMX Gold Inc.
CDC
 
2431013
 
19,31
100%
QMX Gold Inc.
CDC
 
2430878
 
57,53
100%
QMX Gold Inc.
CDC
 
2431001
 
35,04
100%
QMX Gold Inc.
CDC
 
2431000
 
30,13
100%
QMX Gold Inc.
CDC
 
2431018
 
15,03
100%
QMX Gold Inc.
CDC
 
2430799
 
57,53
100%
QMX Gold Inc.
CDC
 
2430850
 
57,53

31