Ann: WGX: Westgold Lithium Option Deal with Triton Minerals, page-508

The way these things work out ultimately must suit both parties.
Usually, a promoter (say, S&P) goes to one party with a proposition that is attractive to that party after getting acknowledgement - then goes to the other - even if a deal in principal.
If both Principals to the Deal agree (and after all it is an option) then due dilligence is carried out and usually paid for by the incoming party.
After due dilligence and the true value proposition is established to each party (and TON in particular) - the Deal is consumated/ varied/ modified etc by a replacement document.
It could be that the value to TON does all that PC oulines.
Even so, TON graphite Off-takes have now been crystallised and TON's asset value further escalates (together with SP).
So, by agreement the core payment of say $30m is still paid under a replacement Deal but TON stock is say 100-150m shares ... rather than the current on offer 357m (OUCH !).

As a minor note: all property deals in WA (including EP's/ ML's etc) must have a $ consideration including options: hence the nominal $10k but options of significance / or/ materiality even if to TON - usually are anything from 90-360 days ....