First Liberty Power (fka FLPC)

[TRAPPER JIM]

Under the San Juan Agreement, the Company is required to:
pg 10 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9361826
Make Cash Payments - First Liberty shall pay GeoXplor in consideration of the grant of the exploration license and other rights granted under this Agreement a total of $500,000, according to the following schedule:



(1)

Twenty-five Thousand Dollars ($25,000) to GeoXplor on or before December 31, 2012, which amount remains outstanding as of the date of the filing;


(2)

Seventy-five Thousand Dollars ($75,000) to GeoXplor on or before December 31, 2013;


(3)

Two-hundred Thousand Dollars ($100,000) to GeoXplor on or before December 31, 2014;


(4)

Two-hundred Thousand Dollars ($100,000) to GeoXplor on or before December 31, 2015;


(5)

Two-hundred Thousand Dollars ($100,000) to GeoXplor on or before December 31, 2016;


(6)

Two-hundred Thousand Dollars ($100,000) to GeoXplor on or before December 31, 2017;