| Cash Payments (USD) | ||||
| September 16 (effective date) | 50,000 (paid) | |||
| On commencing drill testing (“drill date”) | 200,000 | |||
| One year anniversary of drill date | 400,000 | |||
| Two-year anniversary of drill date | 600,000 | |||
| Three-year anniversary of drill date | 900,000 | |||
| Four-year anniversary of drill date | 1,200,000 | |||
| Five-year anniversary of drill date | 2,650,000 | |||
6,000,000 | ||||