OPTION AGREEMENTOption Agreement • February 17th, 2022 • IPERIONX LTD • Miscellaneous metal ores • North Carolina
THIS OPTION AGREEMENT (this “Agreement”) is made and entered into effective as of October 20th, 2021 (the “Effective Date”), by and among Hyperion Materials & Technologies, LLC, a North Carolina limited liability company (“Hyperion”), Hyperion Metals Limited, an Australian public limited liability company listed on the Australian Securities Exchange (ASX: HYM) ("HYM"), Blacksand Technology, LLC, a Utah limited liability company (“Blacksand”), Zhigang Zak Fang (“Zak”), Wenfang Bian Fang, Pei Sun, and Madapusi K. Keshavan (each a “Member” and collectively, the “Members”). The parties to this Agreement are each referred to as a “Party” and collective the “Parties”.
