Fellows Energy Ltd Watch

from 10KSB 2 pages 1. a Loan by Mr. McGrain to the Company of Approximately $1,500,000 (“Loan”); 2. a Loan or Investment by One or More of the Introduced Persons Equal or Greater Than $1,500,000 to $2,000,000 to the Company (To Be Used in Connection With Development and Drilling of Company Projects (“Project Financing”); and 3. One or More Introduced Persons Will Finance Future Projects of the Company (“Future Financings”). A. 3% of the Amount of the Loan, to Be Paid in Cash; B. 10% of the Amount of Any Project Financing, to Be Paid in Registered Stock of the Company at a Price of $1 Per Share, I.E., $1,500,000 Financing = 150,000 Shares; and C. for Any Future Financings, 1% of Any Revenues Received by the Company From Projects That Result From These Future Financings and 1% of Any Revenue or Sale Proceeds Received by the Company From the Sale of These Projects. the Company Will Notify Axiom Within 10 Days of the Consummation of Any Transaction. All Compensation Shall Be Paid to Axiom Within 30 Days of Consummation of the Related Transaction