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M: I <br />Payments to G R Bar Ranch <br />Delta Conn Colorado <br />CLOSING PAYMENT. A closing payment amount equal to $[3lacre] within the identified <br />exploration area relating to each year in which agreed activities occurred, within 2 business days <br />of the mutual execution of this Agreement. <br />EXPLORATION DR>ILLHOLE PAD PAYMENT. Oxbow shall pay G R Bar ranch a <br />payment of $[1,0001 per drillhole pad or monitoring site developed by the end of the year in <br />which that disturbance occurred. <br />CONSIDERATION. The parties agree that the sum of the payments described above shall be <br />full consideration for all surface use and access rights described in Section 2 and 3 of the <br />attached Agreement. <br />