Eagle Hill Exploration Corporation

Windfall Option Agreement, 21 July 2009

Acquisition Terms, Para 5:

“After the Expenditures, the Initial, 10% Option and Final Consideration Payment requirements are met by Eagle Hill, the Company will then have three (3) years to either complete the BFS or take the project to production. If Eagle Hill does not complete a BFS or take the project to production, then the Optionor will have the option to purchase back the 75% of the Windfall Lake Property, within that three year period from Eagle Hill for $6.0 million.”

The whole agreement,

http://www.eaglehillexploration.com/investors/news_releases/eagle_hill_enters_into_option_agreement_for_acquisition_of_noront_resources_windfall_lake_property/

Cheers, Mark