Dynaresource Inc Watch

from 8-K 2 pages - The Current Contract Is Extended Until December 31, 2026 With the Contract to Automatically Extend Annually on an Evergreen Basis, Thereafter Unless Written Notice Is Given by Either Party No Later Than 365 Days Before the Date of Termination. I.E., if Either Party Wishes to Terminate the Contract (Which Cannot Be Any Earlier Than December 31, 2026), Notice Would Need to Be Given by January 1, 2026 Otherwise the Contract Would Extend Through December 31, 2027 With This Process Repeated Annually Until One Party Provides Notice to Terminate. This Gives US Initially a Long-Term Basis to Work With Our Receivers as Well as Both Parties Plenty of Time to Make Alternative Plans Should Either Party Wish to Terminate the Contract. on a Change of Control Event, if Dynaresource Is Unable to Give Meet the Notice Requirements or if It Is Before the Extension Date of December 31, 2026, Then Dynaresource, Inc. Will Pay Ocean Partners an Early Termination Fee of One Million Dollars ($1,000,000.00). - Despite Freight Rates and Local Warehousing/Export Costs Rising Significantly, We Would Propose to Keep the Contract Terms Unchanged, and Op Will Absorb the Additional Freight/Warehouse/Export Costs to Allow Dyna to Continue to Receive the Strong Smelter Netbacks It Has Received Over the Past Three Years. - Op to Increase the Maximum Advance Credit Line to $17.5m Along the Same Parameters We Operate Underneath the Advance Credit Line Today