Features of Deed include: 1. An agreed paymen t schedule of ...

Features of Deed include:
1.
An agreed paymen
t schedule of

USD 2 million
–
already paid,

USD 1 million to be paid by 31 May 2017,
[paid 30 June 2017]

USD 2 million to be paid by 30 June 2017;

and USD 3 million to be paid by 31 December 2017

a further USD 2 million via royalties from production.
Each
payment date is subject to a 30 day buffer before ARL/BXC Ghana are considered to be in
default and penalty interest applies.
2.
The Deed confirms that the sale is no longer subject to termination under any possible
application of
warranty/termination clause
contained in the original sale agreement.