a.  Zenyatta will issue to Cliffs (or its designated affiliate) a total of    1,250,000 shares as follows: (i) 500,000 shares upon signing the    agreement; (ii) 250,000 shares to be issued upon completion of a pre-    feasibility study; and (iii) 500,000 shares to be issued upon completion    of a feasibility study; and     b.  Zenyatta will grant Cliffs a net smelter return royalty of 0.75% on the    Block 4F Claims, of which 0.5% can be purchased at any time for    $500,000.