The vendor remains entitled to the following deferred...

The vendor remains entitled to the following deferred consideration:
(i) If within 12 months of the acquisition, the exploration achieves 6 rock chip samples
with grades >1% Li2O from at least 2 of the tenements, Adelong Gold is to issue a
further AUD$100,000 worth of Adelong Gold shares based on a 15 day volume
weighted average share price (VWAP) at the time of issue;
(ii) If within 5 years of the acquisition, the exploration achieves a continuous drill
intercept of not less than10 metres intersection of grades exceeding 1% Li2O,
Adelong Gold is to issue a further AUD$150,000 worth of shares based on the 15 day
VWAP at the time of issue;
(iii) If within 5 years of the acquisition, on announcing a JORC compliant resource of not
less than 6 million tonnes averaging in excess of 1% Li2O, Adelong Gold is to issue a
further AUD$150,000 worth of shares based on the 15 day VWAP at the time of issue;
and
(iv) a 2% net smelter return royalty over minerals produced that are the subject of the
Exploration Permits with Adelong Gold to have the right to buy-back half of the
royalty for AUD$500,000