As consideration for acting as Far West's agent, Canaccord will receive a cash commission equal to 7% of the gross proceeds received by Far
West from the SFOD financing, a corporate finance fee of 100,000 units ("CFF Units") and a work fee of $5,000.
26, 2002 by Far
East Energy that the signing was to take place in Beijing, at the People's Great Hall in the People's Republic of China and attended by senior executives from Far East Energy, CUCBM, ConocoPhillips, ChevronTexaco and other governmental dignitaries in Beijing.
The data for each of the four prospective areas flown is to be reviewed and "Target Areas" for follow-up drilling are to be selected by Far
West and BHP Chile at that time.