The terms of the Agreement are consistent with the TSX Venture Exchange Policy on Finder's Fees. Specifically, Eagle Hill retains sole discretion as to whether to enter into any transaction or agreement (collectively, the "Transaction") in connection with a project and whether to fund, amend or abandon the project or such agreement now or at any future time. In respect of the project, Eagle Hill agrees to pay Union Securities as compensation, an aggregate finder's fee (the "Finder's Fee") equal to:
(a) ten percent (10%) of the Transaction Value (as defined below), up to $300,000;
(b) seven point five percent (7.5%) of the Transaction Value between $300,000 and $1,000,000;
(c) five percent (5%) of the Transaction Value between $1,000,000 and $4,000,000; and
(d) one percent (1%) of the Transaction Value in excess of $4,000,000.
The Transaction Value means the cumulative value of any consideration actually paid to acquire the Project plus the consideration actually paid to acquire any additional assets for the Project.
Upon an acquisition of a project, Union Securities shall have the Right of First Refusal to act as agent for Eagle Hill with respect to any subsequent financing undertaken by the Corporation for a period of eighteen (18) months from the date the project is acquired.
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corporation is a Canadian mineral exploration company focused on the exploration and development of gold and precious metal prospects. In North America, the Company is set to become an advanced stage gold and precious metal exploration company with its acquisition of the Fran Property, located in the Mount Milligan area of northern British Columbia. Eagle Hill seeks projects that contain or have potential to contain high grades and large tonnage potential. The Company's website at www.eaglehillexploration.com provides additional information on its properties and other information with respect to its management and operations.