UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): ~~June~~August 303, 2010

FAR EAST WIND POWER CORP.

(Exact Name of Registrant as Specified in its Charter)

Nevada		333-153472		27-0999493
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

11811 North Tatum Blvd., Suite 3031

Phoenix, Arizona 85028

(Address of Principal Executive Office) (Zip Code)

Registrant's telephone number, including area code: (602) 953-7757

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

¨o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 1 - Registrant’s Business and Operations

Item 1.01.

Entry into a Material Definitive Agreement.

On July 30, 2010, Far East Wind Power Corp. (the “Company”), entered into a binding Letter of Intent (the “LOI”) with Beijing Tongchuang Hengyuan Technology Development Company, a People’s Republic of China (“PRC”) company (“BTH”), whereby the parties agreed to the joint development of a wind farm project in the Ningxia Hui Autonomous Region in China (the “Project”). The parties agreed to enter into a definitive agreement upon satisfactory completion by the Company of due diligence of the Project (the “Definitive Agreement”).

~~On June~~Pursuant ~~30,~~to ~~2010~~the LOI, ~~Far~~(a) ~~East~~BTH ~~Wind~~will ~~Power~~be ~~Corp.~~responsible (for obtaining all government approvals and permits in connection with the ~~“Company”)~~Project by March 1, ~~entered into~~2011 and forming a ~~binding~~joint venture ~~Letter~~company ofto ~~Intent~~own and operate the Project (the “~~LOI~~JV”) ~~with~~by December 1, ~~Heilongjiang~~2010; ~~Defeng~~(b) ~~Investment~~the ~~Co.,~~Company ~~Ltd.,~~will acquire a ~~People’s~~49% ~~Republic~~ownership ofinterest ~~China~~in ~~company~~the JV, with the remaining 51% owned by BTH; and (~~“Defeng”~~c) ~~and Heilongjiang~~the ~~Ruihao~~Company ~~Technology~~will ~~Group~~invest ~~Co.,~~up ~~Ltd.,~~to a ~~People~~total of USD $20,000,000 in the Project which will be allocated to the purchase of the Company’s ~~Republic~~49% ofownership ~~China~~stake in the JV, capital contribution in the JV and ~~company~~loans ~~(“Ruihao”)~~to the JV. Additionally, ~~whereby~~BTH grants the Company a right of ~~parties~~first ~~agreed~~refusal to acquire BTH’s rights to develop ~~four~~a wind farm ~~projects~~or wind park in Ningxia ~~the~~for ~~Heilongjiang~~additional ~~Province, China~~installed capacity of 950MW. ~~The~~Upon ~~parties~~completion of ~~agreed~~the toconstruction ~~enter~~of ~~into~~the aProject, ~~definitive~~BTH ~~agreement~~will bycontinue to assist the JV in ~~July~~securing 24USD $62,000,000 ~~2010~~in loans from a PRC bank to fund the Project.

~~Pursuant to~~After the first ~~LOI,~~month the ~~Company~~Project ~~agreed~~begins to ~~acquire~~generate ~~84%~~cash ~~ownership~~profits, ~~interest~~distributions inwill ~~Defeng’s~~be ~~subsidiary,~~made ~~Heilongjiang~~to ~~Tianyi~~the ~~Fengyuan~~maximum ~~Investment~~extent ~~Co.,~~allowed ~~Ltd.,~~under aPRC ~~People’s Republic~~law, ofin ~~China~~proportion ~~company~~to ~~(“Tianyi~~the ~~Fengyuan”) for~~ownership ~~RMB~~percentages ~~140,000,000~~in (the ~~“Acquisition Price”)~~JV. ~~Additionally~~In addition, the ~~Company~~Definitive ~~will~~Agreement ~~pay Ruihao either RMB~~will ~~25,000,000~~provide orfor ~~RMB~~the ~~12,000,000~~Company asto ~~pre-construction~~have ~~costs~~(i) ~~for~~majority ~~each~~control of the ~~four Phase~~board 1of ~~farms that is determined to be construction ready. The definitive~~directors ~~agreement~~of ~~will~~the ~~provide~~JV, ~~that~~ (iii) the ~~Acquisition~~sole ~~Price~~right ~~will~~to beapprove ~~fully~~cash ~~due~~disbursements byof ~~July 31,~~the ~~2010~~JV, ~~with~~the construction aplan ~~non-refundable~~for ~~deposit of 10% of~~ the ~~Acquisition~~Project ~~Price~~and toany ~~be paid~~debt ~~upon~~or ~~signing~~equity financings of the ~~definitive agreement~~ JV, and (iiiii) ~~RMB~~an ~~25,000,000~~approval ~~for pre-construction~~right ~~costs~~and ~~will~~right beof ~~due~~first byrefusal ~~August~~on ~~31,~~any ~~2010~~transfer ~~and the timing~~ of ~~further~~BTH’s ~~pre-construction~~ownership ~~costs~~interest ~~will~~in bethe ~~determined no later than December 31, 2010~~JV.

The ~~LOI~~ ~~provides~~Definitive ~~that~~Agreement ~~a joint venture~~ will becontain ~~set~~customary uprepresentation ~~to develop~~ and operate each wind farm in the Ruihao Project A (the Guangyuan Daxin Project Phase I and Anda Guangyuan Laohugang Project Phase I). The estimated construction cost for a 49.5 MW wind farm in the Ruihao Project A is approximately RMB 425warranties,~~000,000 and requires equity investment of 25% of the total investment (the~~ ~~“Project~~covenants ~~A Equity Investment”). The Company will contribute 60% of the Project A Equity Investment for 51% ownership~~ and ~~economic~~indemnification ~~interest in each Ruihao Project A joint venture~~provisions. ~~The Company will also have a right of first refusal on every other development capacity/phases in Ruihao Project A.~~

The LOI ~~further~~is ~~provides~~attached ~~that a joint venture will be set up~~ to ~~develop~~this ~~and~~report ~~operate~~as ~~each wind~~Exhibit ~~farm~~10.1 ~~in the Ruihao Project B (Daqing Guofeng Project Phase I~~ and ~~Daqing~~ ~~Zhaoyuan Sansheng Project Phase I). The total estimated construction cost for a 49.5 MW wind farm in the Ruihao Project B~~ is ~~approximately~~ ~~RMB~~incorporated ~~425,000,000~~herein ~~and requires equity investment of 25% of the total~~by ~~investment (the “Project B Equity Investment”)~~reference. The ~~Company~~foregoing ~~will~~statements ~~contribute~~are ~~100%~~not ofintended ~~the Project B Equity Investment for 85% ownership and economic interest in each Ruihao Project B joint venture. Ruihao has the option~~ to ~~purchase~~be ~~additional~~a ~~ownership~~complete ~~interest~~description ~~in the Ruihao Project B joint ventures as set forth in the LOI. The Company will also have a right~~ of ~~first~~all ~~refusal~~terms onand ~~every other development capacity/phases in Ruihao Project B~~conditions.

~~The definitive~~Item ~~agreement~~8.01 ~~will~~Other ~~contain customary representation and warranties, covenants and indemnification provisions~~Events.

~~The~~On ~~LOI~~August is4, ~~attached~~2010, tothe ~~this~~Company ~~report~~issued asa ~~Exhibit~~press ~~10.1~~release ~~and~~announcing the ~~terms~~signing ~~and~~of ~~conditions are~~the ~~incorporated herein~~LOI. A ~~The~~copy ~~foregoing~~of ~~statements~~the ~~are~~press ~~not~~release ~~intended~~is attached to bethis areport ~~complete~~as ~~description~~Exhibit of99.1 ~~all~~and ~~terms~~is ~~and~~incorporated ~~conditions~~herein by reference.

Section 9 - Financial Statements and Exhibits

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits

Exhibit
No.		Description
10.1		Letter of Intent dated ~~June~~July 30, 2010, by and between Far East Wind Power Corp., ~~Heilongjiang Defeng Investment Co., Ltd.~~ and ~~Heilongjiang~~Beijing ~~Ruihao~~Tongchuang Hengyuan Technology ~~Group~~Development CoCompany.~~, Ltd.~~
99.1		Press Release dated August 3, 2010.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 30, 2010	FAR EAST WIND POWER CORP.
Date: August 4, 2010	FAR EAST WIND POWER CORP.
	By:	/s/ James T. Crane
		James T. Crane
		Chief Financial Officer

Filing Compare · Far East Wind Power Corp.