LOGO] Bontan Corporation Inc. 47 Avenue Road, Suite 200 Toronto, Ontario Canada M5R 2G3 T: 416-860-0211 F: 416-361-6228 W: www.bontancorporation.com July 9, 2004 Advisory Group Limited P O Box 127 Turks and Caicos Islands Providenciale British West...Bontan Corp Inc • August 30th, 2004 • Services-business services, nec
As you are aware, we have lent a total sume of US$1,860,843 for investment into an Indirect Participation Agreement with PNG Drilling Ventures Limited. Further, you are aware that the funds lent by us are fully secured against such IPI interest in a drilling venture, which currently works out to 0.88%.
CONSULTING AGREEMENTConsulting Agreement • August 30th, 2004 • Bontan Corp Inc • Services-business services, nec • Ontario
WHEREAS the consultant is an experienced exploration geologist and has information and contacts in exploring diamond producing opportunities in Brazil.
INDIRECT PARTICIPATION INTEREST AGREEMENT BETWEEN PNG Drilling Ventures Limited ("PNGDV") AND Advisory Group Limited ("Investor")Indirect Participation Interest Agreement • August 30th, 2004 • Bontan Corp Inc • Services-business services, nec • Alberta
MEMORANDUM OF UNDERSTANDING BETWEEN BONTAN MINERAL RESOURCES INC. (NEWCO) AND FRANCIS J.L.GUARDIA (FRANK) (British/Canadian holding permanent residency status in Brazil) AND ASTROGEMAS MINERACAO LTDA (ASTROGEMAS) (A corporation incorporated in Brazil...Bontan Corp Inc • August 30th, 2004 • Services-business services, nec
CONSULTING AGREEMENTConsulting Agreement • August 30th, 2004 • Bontan Corp Inc • Services-business services, nec • Ontario
THIS AGREEMENT WITNESSES that in consideration of Ten Dollars ($10.00) paid by each party to the other, the receipt and sufficiency of which is hereby acknowledged by each, together with the convenants and agreements herein contained, the parties hereto agree as follows:
