Niko Resources Ltd NKRSF

once all that pans out it will be beast mode

[EbbandFlow]

1. First Tranche of the first US$168 million:
			(i)	100% to the Lenders
		2. PIK Interest of up to US $12 million:
			(i)	100% to the Lenders
		3. Second Tranche of the next US $100 million:
			(i)	62.67% to the Lenders,
			(ii)	29.33% to the Noteholders, and
			(iii)	8.00% to be retained by the Company
		4. Third Tranche of the next US $120 million:
			(i)	40% to the Lenders,
			(ii)	40% to the Noteholders, and
			(iii)	20% to be retained by the Company
		5. Fourth Tranche of any proceeds above the Third Tranche:
			(i)	20% to the Lenders,
			(ii)	20% to the Noteholders, and
			(iii)	60% to be retained by the Company.