5.3 - Advance Payment.
In connection with the Initial Order, Biospherics shall make the following payments to Inalco in advance of delivery of Product (each, an "Advance Payment"):
A. Within three business days following execution of this Agreement, Biospherics will make an advance payment of five hundred thousand dollars (US$500,000) to Inalco.
B. Within six months thereafter, provided that Inalco has in place the required bank guarantee described in Section 2.8, Biospherics will make payment for the balance of the Initial Order in the amount of five hundred thousand dollars (US$500,000).
ARTICLE VI: TERM