Silver Bull enters retention agreement awarding key persons up to 12% of net arbitration proceeds

SILVER BULL RESOURCES, INC.

CEO Timothy Barry gets 4.0% of net arbitration proceeds; CFO Christopher Richards gets 2.0%.
Total retention award capped at 12% of net proceeds after direct expenses (legal, tribunal, etc.).
Agreement requires TSX and disinterested shareholder approval; company to use best efforts by Dec 31, 2024.
Key persons accept below-market salaries with deferrals contingent on successful ICSID award against Mexico.
Award vests over 12 months; leaves reduce entitlement; board can reduce for insufficient support.

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