TERM SHEET CONSULTING AGREEMENT WITH DR. DAVID DREISINGER
CONSULTING AGREEMENT WITH XX. XXXXX XXXXXXXXXX
Position:
Vice-President Metallurgy, Baja Mining Corp.
Compensation:
$6,000 Cdn. Per month plus G.S.T. (as of September 1, 2006)
Stock Options:
1.
Granted an option to purchase 200,000 shares in the capital stock of the Company at a price of $0.35 for a period of five years expiring May 17, 2009.
2.
Granted an additional option to purchase 150,000 shares of the Company at a price of $0.35 for a period of five years expiring September 15, 2010, which were exercised on April 13, 2006.