0001140361-22-011504 Sample Contracts

OPTION AGREEMENT
Option Agreement • March 29th, 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”.

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OPTION OF EXCLUSIVE LICENSE AGREEMENT BETWEEN HYPERION MATERIALS & TECHNOLOGIES, LLC AND BLACKSAND TECHNOLOGY, LLC
Option of Exclusive License Agreement • March 29th, 2022 • IPERIONX LTD • Miscellaneous metal ores • Utah

This Option of Exclusive License Agreement (“Agreement”) is entered into between Blacksand Technology, LLC, a limited liability company organized under the laws of Utah (“Licensor”), with offices at 1782 West 2300 South, West Valley City, Utah 84119, and Hyperion Materials & Technologies, LLC, a limited liability company organized under the laws of North Carolina (“Licensee”), with offices at 32N Main St. Suite 100, Belmont, North Carolina, 28012.

MASTER SERVICES AGREEMENT
Master Services Agreement • March 29th, 2022 • IPERIONX LTD • Miscellaneous metal ores • North Carolina

This Master Services Agreement (this “Agreement”) is made and entered into as of February 13, 2021 (the “Effective Date”) between Blacksand Technology LLC, a Utah limited liability company (“Blacksand”), and Hyperion Materials & Technologies, LLC, a North Carolina limited liability company (“Hyperion”). The parties agree as follows:

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