This excerpt taken from the TLR 8-K filed Sep 28, 2006.
ANNUAL CASH PAYMENTS
Timberline shall be obligated to make annual cash payments to Steve Van Ert and Noel Cousins (85%/15%) according to the following schedule:
On execution of the Formal Agreement, 15September2006 US $75,000
Year 1 anniversary, 15September2007 75,000
Year 2 anniversary, 15September2008 100,000
Subsequent years to a production decision said amount will be increased $25,000 annually to a cap of $250,000/year.