Pursuant to the 'SPA', a $2,000,000 USD equity investment (Two Million USD) is to be made in four tranches of $500,000 USD (Five Hundred Thousand USD) at the 6-month, 9-month, and 12-month anniversary of the first tranche close of 2,433,522 shares which occurred contemporaneously with the execution of the aforesaid agreements. An additional $1,000,000 USD may be provided by 'BPE', their affiliates, or by others, in accordance with the 'SPA
500000 / 2433522 = 0.205
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