Lot 2: 0.002BTC
Sorry brother, five minutes had already passed.
Perhaps, but we'll have to see OPs interpretation of the rules as I've seem different interpretations, resulting in different implementations, ex. Mopar.
The rules stipulate five minutes are added if someone places a bid within the last five minutes, which you successfully did.
However, seven minutes passes before you posted your next bid. I fail to see how the OP will interpret this any other way.