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Also, that all trade of Merchandise which shall be vsed to and from those partes, which by this discouerie shall bee found out, shall apperteine onely to the Aduenturers which first shall disbursse their money for this discouery, which prohibition to all other her Maiesties subiects, and other Marchants to deale in the sayd parts, without the consent of the first Aduenturers, vpon losse of shippe and goods, and punishment of their persons, that so shall aduenture in trade of merchandise: or otherwise by imprisonment at the Companies pleasure.

First, that they who shall disbursse their money for the first preparation shall be named Aduenturers, and shall haue the one halfe of all such landes, territories, townes, mines of gold and siluer, and other metals whatsoeuer, as shall bee found, gotten, obtained, as conquered by this discouery: yeelding to her Maiestie the fift part of all such gold and siluer, as shall happen to be had out of any mines that so shall be found.

That no person shall hereafter aduenture in this discouerie as Aduenturers for the profits mentioned in the first Articles, but such onely as doe disbursse their money in the first preparation: and they shall not aduenture hereafter any greater summe, then ratably according to their proportion of this their first aduenture.