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): August 1113, 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):

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

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

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

¨	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 August 1113, 2010, Far East Wind Power Corp. (the “Company”), entered into a ~~Consulting~~binding ~~Agreement~~Letter of Intent (the “~~Consulting Agreement~~LOI”) with ~~Fred~~Taitong Energy ~~Loh~~Limited, a People’s Republic of China (“~~Consultant~~PRC”)~~. The~~ company (“Taitong”), whereby ~~Consulting~~the ~~Agreement~~parties ~~provides~~agreed ~~that~~to ~~Mr.~~the ~~Loh~~joint ~~will~~development ~~serve~~of asa ~~the~~wind ~~Company’s~~farm ~~Senior~~project in the Yunnan ~~Vice~~Province ~~President~~in ofChina ~~Finance.~~(the “Project”). The parties ~~Consulting~~agreed ~~Agreement~~to ~~may~~enter beinto ~~terminated~~a bydefinitive ~~either~~agreement upon satisfactory completion ~~party,~~by ~~with~~the orCompany ~~without~~of ~~notice~~due todiligence of the ~~other~~Project ~~party~~(the “Definitive Agreement”).

Pursuant to the ~~terms~~LOI, of(a) Taitong will be responsible for obtaining all government approvals and permits in connection with the ~~Consulting~~Project ~~Agreement~~and forming a joint venture company to own and operate the Project (the “JV”) by September 30, 2010; (b) the Company will ~~pay~~acquire ~~Consultant~~ a ~~fee~~49% ownership interest in the JV, with the remaining 51% owned by Taitong; and (c) the Company will lend to the JV up to a total of USD $1020,000,000 ~~per month~~ (the “~~Monthly Fee~~Loans”) ~~commencing~~ repayable as set offorth ~~April 1~~below. Additionally, ~~2010~~Taitong asgrants ~~follows:~~the ~~(i)~~Company ~~commencing~~a ~~August~~right 1,of first ~~2010,~~refusal to acquire Taitong’s rights to develop a wind farm or wind park in ~~portion~~Yunnan for additional installed capacity of 99 MW. Upon completion of the ~~Monthly~~construction ~~Fee~~of ~~equal~~the Project, Taitong will continue to assist the JV in securing USD $580,000,000 ~~per~~in ~~month~~loans ~~will~~from bea ~~paid~~PRC inbank ~~immediately~~to fund the ~~available~~Project. The ~~funds~~Loans shall become due and ~~(ii)~~payable ~~the~~upon ~~remaining~~receipt ~~Monthly~~of adequate ~~Fees~~financing ~~owed~~from ora ~~owing~~PRC ~~will~~bank. In ~~accrue each~~the ~~month~~event ~~and~~the ~~will~~JV beis ~~paid~~unable to secure ~~Consultant~~adequate atfunding ~~such~~from ~~time~~a asPRC bank, the ~~Company~~principal ~~completes~~amount of the Loans shall be repaid in a ~~capital~~series ~~raise~~of ~~whereby~~60 equal monthly installments beginning on the ~~Company~~date the JV first receives ~~gross~~financing ~~proceeds~~from ina ~~excess~~PRC ofbank and the Loans shall accrue interest ~~$250~~at a rate of 10% per annum,~~000~~ payable as a lump sum payment along with the 60th monthly installment.

~~The~~After the ~~Consulting~~first ~~Agreement~~month ~~also~~the ~~provides~~Project ~~that~~begins ~~subject~~ to ~~Board~~generate ~~approval~~cash profits, ~~the~~distributions ~~Company~~ will ~~grant~~be made to ~~Consultant~~the ~~350~~maximum extent allowed under PRC law,~~000~~ ~~shares~~in ofproportion to the ~~Company’s~~ownership percentages ~~common~~in ~~stock~~the (JV. In addition, the Definitive Agreement will ~~“Restricted Stock”),~~provide ~~subject~~for tothe ~~vesting~~Company asto ~~follows:~~have (i) ~~50,000~~majority ~~shares~~control ~~will~~of ~~be fully-vested~~the ~~upon~~board ~~the~~of ~~grant;~~directors of ~~and~~the JV, (ii) ~~300,000~~the ~~shares~~sole ~~will~~right ~~vest~~to atapprove cash disbursements of the ~~rate~~JV, the construction plan for the Project and any debt or equity financings of the JV, ~~1/36~~and (iii) an approval right and right of ~~such~~first ~~shares~~refusal ~~per~~on ~~month~~any ~~commencing~~transfer ~~August~~of Taitong’s 1,ownership ~~2010~~interest in the JV.

~~Pursuant~~The toDefinitive ~~the terms of the Consulting~~ Agreement, ~~if the Company terminates the Consulting Agreement for any reason (i) Consultant~~ will ~~continue~~contain tocustomary ~~receive~~representation ~~the Monthly~~and ~~Fees for a period of three (3) months based on the Monthly Fee paid to~~warranties, ~~Consultant~~covenants ~~for the last month prior to termination,~~ and ~~(ii)~~indemnification ~~twenty-five percent (25%) of the then unvested Restricted Stock will vest~~provisions.

The ~~form~~LOI ~~of the Consulting Agreement~~ is attached to this report as Exhibit 10.1 and ~~the terms~~is ~~and conditions are~~ incorporated herein by reference. The foregoing statements are not intended to be a complete description of all terms and conditions.

Section 8 - Other Events

Item 8.01. Other Events.

On August 19, 2010, the Company issued a press release announcing the signing of the LOI. A copy of the press release is attached to this report as Exhibit 99.1 and is incorporated herein by reference.

Section 9 - Financial Statements and Exhibits

Item 9.01 . Financial Statements and Exhibits.

(d) Exhibits

Exhibit
No.		Description
10.1		~~Consulting~~Letter ~~Agreement~~of Intent dated August 1113, 2010, ~~made~~ by and between ~~the~~Far ~~Company~~East Wind Power Corp. and ~~Fred~~Taitong ~~Loh~~Energy Limited.
99.1		Press Release dated August 19, 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: August 13, 2010	FAR EAST WIND POWER CORP.
Date: August 19, 2010	FAR EAST WIND POWER CORP.
	By:	/s/ ~~James~~Marcus ~~T. Crane~~Laun
		James T. Crane
		Marcus Laun
		Chief Financial Officer
		Director

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