Document:

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                                                                   Exhibit 10.13

                               SUNWING ENERGY LTD.
                           C/O CODAN SERVICES LIMITED
                                 CLARENDON HOUSE
                         2 CHURCH STREET, P.O. BOX 1022
                             HAMILTON HM1 1, BERMUDA

                                                              September 26, 2002
CITIC ENERGY INC.
c/o Room 2118 Hutchinson House
10 Harcourt Road
Hong Kong

Dear Sirs:

RE:      STRATEGIC DEVELOPMENT ALLIANCE

This letter is intended to reflect our recent discussions and, when executed and
delivered by each of us (execution and delivery by Sunwing Energy Ltd. deemed
made upon sending out this letter), will constitute a binding agreement ( the
"Agreement") between Sunwing Energy Ltd. ("Sunwing") and CITIC ENERGY INC., a
company incorporated under the laws of British Virgin Islands ("CITIC") in
respect of the matter more particularly described below.

The background to our Agreement is as follows:

(A)      CITIC is a wholly-owned subsidiary of CITIC International Holdings
         Limited, which in turn is a wholly-owned subsidiary of China
         International Trust & Investment Corporation, a trust and investment
         company that reports directly to the State Council of the People's
         Republic of China ("PRC");

(B)      the PRC government has expressed support for the Kyoto Protocol and for
         the overall objective of reducing air pollution in Chinese cities as a
         matter of priority;

(C)      the PRC government is a net importer of oil and it is a matter of
         strategic national importance to protect and enhance the supply of oil
         diversify sources of energy.

(D)      Sunwing is a wholly-owned subsidiary of Sunwing Holding Corporation
         which in turn is a wholly-owned subsidiary of Ivanhoe Energy Inc., a
         Canadian public company that has international investments and contacts
         in the oil and gas industry;

(E)      PRC and Canada have traditionally enjoyed strong business ties and
         excellent trade relations;

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(F)      Sunwing has the ability to assist CITIC in fulfilling its strategic
         objectives of the identifying and acquiring interests in key
         international oil and gas development projects and introducing proven,
         advanced oil and gas development and production technology to the
         domestic oil and gas industry in the PRC;

(G)      CITIC has the ability to assist SUNWING in fulfilling its strategic
         objectives of increasing its profile in Asian capital markets, gaining
         access to significant financing opportunities and financing
         opportunities and obtaining a listing on the Hong Kong Stock Exchange;
         and

(H)      in view of their respective objectives and abilities, a strategic
         alliance between Sunwing and CITIC offers significant potential
         benefits to both parties and their respective parent companies.

Based on the foregoing, we confirm the terms of our Agreement as follows:

1.       SUNWING OBJECTIVES

         The parties acknowledge that Sunwing's key corporate development
         objectives ( the "Sunwing Objectives") are as follows:

         (a)      to raise Sunwing's profile and to enhance Sunwing's
                  credibility among Asian institutional investors and in Asian
                  capital markets generally; and

         (b)      to list Sunwing's ordinary shares on the Hong Kong Stock
                  Exchange.

2.       CITIC OBJECTIVES

         The parties acknowledge that CITIC's key strategic objectives (the
         "CITIC Objectives") are as follows:

         (a)      to acquire interests in one or more international oil and gas
                  development projects; and

         (b)      to introduce "gas-to-liquids" technology and other advanced
                  technology oil and gas innovations to the domestic oil and gas
                  industry in the PRC.

3.       RECIPROCAL SERVICES

         Sunwing hereby engages CITIC, and CITIC agrees, to provide advice,
         assistance, expertise and other services (collectively, the "CITIC
         Services") to Sunwing in connection with Sunwing's pursuit of the
         Sunwing Objectives. CITIC hereby engages Sunwing, and Sunwing agrees,
         to provide advice, assistance expertise and other services (the
         "Sunwing Services") to CITIC in connection with CITIC's pursuit of the
         CITIC Objectives. The specific nature and scope of the CITIC Services
         and the Sunwing

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         Services will be as agreed from time to time between Sunwing and CITIC
         and will be tailored to expedite the timely achievement of the Sunwing
         Objectives and the CITIC Objectives, respectively.

4.       YUDONG PRODUCTION SHARING CONTRACT

         As part of the CITIC Services, CITIC shall use its best efforts,
         industrial expertise and PRC government contacts to support Sunwing's
         efforts to sign and obtain all necessary PRC governmental approvals
         for, a production sharing contract (the "Yudong PSC") with China
         National Petroleum Corporation and/or PetroChina Company Limited
         relating to the Yudong Block located in Eastern Chongqing Municipality,
         PRC. As soon as practical after the Agreement comes into effect, CITIC
         and Sunwing shall establish a new company ("Newco") under the laws of
         the British Virgin Islands that the parties will use as the corporate
         vehicle for signing and performing the Yudong PSC. The parties shall
         procure Newco to issue and allot a total of 100 ordinary shares at par
         value of US$1.00 each, which shall be owned by CITIC as to 30 shares
         ("CITIC's Newco Shares") and by Sunwing as to 70 shares.

5.       PUT AND CALL OPTIONS FOR THE CITIC'S NEWCO SHARES

         The parties hereby irrevocably grant each other the following shares
         exchange options with respect to CITIC's Newco Shares:

         (a)      CITIC shall have an option (the "CITIC Put Option") to
                  transfer to Sunwing, and Sunwing shall accept, unencumbered
                  legal and beneficial title to all of CITIC's Newco Shares in
                  exchange for Sunwing shares, which Sunwing shall issue and
                  allot, that will represent 20% of the total number of shares
                  in the capital of Sunwing issued immediately after completion
                  of the share exchange (and if Sunwing shall have more than one
                  class of shares issued prior to the completion of the share
                  exchange, CITIC shall receive upon exercise of the option by
                  it, for each such class, such number of Sunwing shares that
                  will represent 20% of the total number of shares in that class
                  issued immediately after the completion of the share
                  exchange), calculate on a fully-diluted basis, including all
                  outstanding options and/or warrants (vested or otherwise).
                  CITIC may exercise the CITIC Put Option at any time within 180
                  days after the effective date of the Yudong PSC by delivering
                  written notice to Sunwing (the "CITIC Put Notice")

         (b)      Sunwing shall have an option (the "Sunwing Call Option") to
                  require CITIC to transfer to Sunwing, unencumbered legal and
                  beneficial title to all of CITIC's Newco Shares in exchange
                  for Sunwing shares, which Sunwing shall issue and allot, that
                  will represent 20% of the total number of shares in the
                  capital of Sunwing issued immediately after completion of the
                  share exchange (and if Sunwing shall have more than one class
                  of shares issued prior to the completion of the share
                  exchange, CITIC shall receive upon exercise of the option by
                  Sunwing, for each such class, such number of Sunwing shares
                  that will represent 20% of the total number of shares in that
                  class issued immediately after the completion of the share
                  exchange), calculated

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                  on a fully-diluted basis, including all outstanding options
                  and/or warrants (vested or otherwise). Sunwing may exercise
                  the Sunwing Call Option at any time within 180 days after the
                  effective date of the Yudong PSC by delivering written notice
                  to CITIC (the "Sunwing Call Notice")

         (c)      The closing of the share exchange shall take place at the
                  office of Sunwing or its legal counsel within 30 days after
                  the date of the CITIC Put Notice or the Sunwing Call Notice,
                  as the case may be. At such closing: (i) CITIC shall deliver
                  to Sunwing duly endorsed share certificates and/or a stock
                  transfer power of attorney representing all of CITIC's Newco
                  Shares, together with directors resolutions, written
                  confirmations regarding CITIC's unencumbered ownership of all
                  of CITIC's Newco Shares, and such other relevant documents
                  that Sunwing or its legal counsel may reasonably request; and
                  (ii) Sunwing shares (in one or more classes, as the case may
                  be) duly registered in CITIC's name as fully paid and
                  non-assessable shares, together with directors resolutions,
                  written confirmations regarding the total number of issued
                  Sunwing shares, and such other relevant documents that CITIC
                  or its legal counsel may reasonably request.

6.       SUNWING BOARD REPRESENTATIVES

         (a)      Upon this Agreement taking effect, CITIC will be entitled to
                  nominate one (1) individual mutually acceptable to both
                  parties for appointment to Sunwing's board of directors

         (b)      If and when a closing of the CITIC Put Option or the Sunwing
                  Call Option occurs, CITIC will be entitled to nominate one (1)
                  additional individual mutually acceptable to both parties for
                  the appointment to Sunwing's board of directors.

7.       GENERAL REPRESENTATIONS AND WARRANTIES

         (I)      Each party hereby represents and warrants to each other party
                  as follows:

         (a)      it is duly incorporated and invalidly subsisting and in good
                  standing under the laws of its jurisdiction of incorporation
                  and is duly registered and license to carry on business in the
                  jurisdiction in which it carries on business and owns
                  property;

         (b)      it has the necessary corporate capacity and authority to
                  execute and deliver this Agreement and to observe and perform
                  its covenants and obligations hereunder and has taken all
                  necessary corporate action in respect thereof;

         (c)      this Agreement constitutes a legal, valid and binding contract
                  of the representing party enforceable against it in accordance
                  with its terms; and

         (d)      neither the execution and delivery of this Agreement, nor the
                  fulfillment of the terms

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                  hereof, will conflict with or result in a breach of any of the
                  terms, conditions or provisions of the constitutional
                  documents, resolutions of shareholders or directors, material
                  license or permits, or any material instrument to which the
                  representing party is a party or by which it is bound.

         (II)     Sunwing hereby agrees that the undertaking set out in this
                  sub-clause shall take effect upon CITIC acquiring Sunwing
                  shares under Clause 5 above (whether pursuant to the exercise
                  of the CITIC Put Option or the Sunwing Call Option). Sunwing
                  hereby undertakes that if it makes any offer or invitation to
                  any party (including to Sunwing's other shareholder(s)) to
                  subscribe for or acquire any of its share(s) (whether by way
                  of rights or otherwise), it shall make (and shall procure its
                  shareholders, directors and other persons having the right to
                  do so to consent to Sunwing to so make) a like offer or
                  invitation at the same time to CITIC on a pro rata basis at
                  the same price and on the same terms and conditions as its
                  offer or invitation to other potential investors.

8.       COMPLIANCE WITH LAWS

         The parties acknowledge, covenant and agree that all CITIC Services and
         all Sunwing Services will be carried out in strict compliance will all
         laws to which each of the parties hereto and their respective corporate
         affiliates is subject. Without limiting the generality of the
         foregoing, the parties acknowledge, covenant and agree that under no
         circumstances will the CITIC Services or the Sunwing Services involve
         or include any activities contrary to the Corruption of Foreign Public
         Officials Act (Canada) or the United States Foreign Corrupt Practices
         Act.

9.       APPROVALS

         (a)      Sunwing's obligations under this Agreement and the
                  effectiveness of this Agreement are subject to the approval of
                  the board of directors of Sunwing's ultimate parent company,
                  Ivanhoe Energy Inc., which approvals shall be obtained by
                  Sunwing within 15 days upon the execution and delivery of this
                  Agreement by CITIC. If such approval is not forthcoming, this
                  Agreement shall cease to have any legal effect.

         (b)      CITIC may, without assigning and reason and without any
                  liability for any compensation to Sunwing, terminate this
                  Agreement within 15 days after its execution of this Agreement
                  and upon such termination, this Agreement shall cease to have
                  any legal effect.

10.      EXPENSES

         The parties hereby agree that they will pay their own (and their
         representatives') respective fees and expenses incurred in connection
         with the negotiation, preparation, execution of this Agreement and the
         performance of their respective obligations hereunder.

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11.      PUBLIC ANNOUNCEMENTS

         Except as may be required under applicable law or stock exchange
         requirements, no press releases or other public disclosure relating to
         the transaction contemplated hereby shall Be issued, nor shall the
         terms of this Agreement be disclosed to third parties, other than to
         the representatives and advisors or either party, without the mutual
         consent of both parties hereto (which consent shall not be unreasonably
         withheld or delayed). All necessary press releases and other public
         disclosure in required for shall be submitted by the disclosing party
         prior to the dissemination thereof.

12.      GENERAL

         This Agreement is subject to the following additional terms and
         conditions:

         (a)      except as otherwise expressly provided herein, neither party
                  may assign any right, title or interest in this Agreement
                  without the written consent of the other party, and any
                  purported assignment without such consent will be void;

         (b)      this Agreement constitutes the entire agreement between
                  Sunwing and CITIC and supersedes every previous agreement,
                  communications, expectation, negotiation, representation,
                  warranty or understanding whether oral or written, express or
                  implied, statutory or otherwise, between the parties with
                  respect to the subject matter of this Agreement;

         (c)      each party will execute and deliver such further agreements
                  and documents and do such further acts and things as any party
                  reasonably requests to evidence, carry out or give full effect
                  to the intent of this Agreement;

         (d)      this Agreement is and will be deemed to have been made in
                  British Columbia, Canada for all purposes and will be governed
                  exclusively by and constructed and enforced in accordance with
                  the laws prevailing in British Columbia and rights and
                  remedies of the parties will be determined in accordance wit
                  those laws. Each of the parties hereby attorns to the
                  non-exclusive jurisdiction of the courts of British Columbia;

         (e)      this Agreement will ensure to the benefit of and binding upon
                  the respective legal representatives and successors of the
                  parties;

         (f)      this Agreement may be executed in any number of counterparts
                  with the same effect as if all parties to this Agreement had
                  signed the same document and all counterparts will construed
                  together and constitute one and the same documents;

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         (g)      words importing the masculine gender include the feminine or
                  neuter, words in the singular include the plural, words
                  importing a corporate entity include individuals, and vice
                  versa;

         (h)      a reference to "approval", "authorization" or "consent" means
                  written approval, authorization or consent;

         (i)      the headings in the Agreement are for the convenience only and
                  are not intended as a guide to interpretation of this
                  Agreement or any portion thereof; and

         (j)      all notices hereunder will be in writing and addressed to the
                  party for whom it is intended at the following address:

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       Sunwing:            Sunwing Energy Ltd.,
                           c/o Codan Services Limited
                           Clarendon House
                           2 Church Street, P.O. Box 1022
                           Hamilton HM11, Bermuda
                           Fax: 441-292-4720

                           with copy to:

                           Sunwing Energy Ltd.
                           Suite 654-999 Canada Place
                           Vancouver, BC  V6C 3E1
                           Fax:  1-604-682-2060

       CITIC:              CITIC ENERGY INC.
                           c/o Room 2118 Hutchinson House
                           10 Harcourt Road
                           Hong Kong
                           Fax: 852-2861-1901

                              *     *       *        *        *
 If the foregoing terms are acceptable to you, kindly sign and return a copy of
this letter by courier or facsimile transaction.

Yours truly,

SUNWING ENERGY LTD.

Per: "Patrick Chua"
    ------------------------------------------
Name:  Patrick Chua
Title: Co-Chairman

Agreed this 26th day of September, 2002

CITIC ENERGY INC.

Per: "Wang Jun"
     --------------------------------------
Name:  Wang Jun
Title: Director

                                       8<PAGE>
                               IVANHOE ENERGY INC.
                          Suite 654 - 999 Canada Place
                              Vancouver, BC V6C 3E1

                                                                   Exhibit 10.14

                                                                October 29, 2002

LINYI HOLDINGS LIMITED
13/F Gloucester Tower
The Landmark
11 Pedder Street
Central
Hong Kong

ATTENTION:  ANDREW BURGIN

Dear Sir:

RE:      STANDSTILL AGREEMENT

This letter is intended to reflect our recent discussions and, when executed and
delivered by each of us, will constitute a binding agreement (the "Standstill
Agreement") between Ivanhoe Energy Inc. ("Ivanhoe") and Linyi Holdings Ltd.
("Linyi") wherein Linyi will refrain from demanding payment of the Principal
Amount of the Loan under the Amended and Restated Convertible Loan Agreement
between the parties dated August 4, 1999 (the "Loan Agreement") and the
associated Convertible Note (the "Convertible Note") issued by Ivanhoe to Linyi
dated August 4, 1999. A copy of each of the Loan Agreement and the Convertible
Note are attached to this Letter.

We confirm the terms of our Standstill Agreement as follows:

1.       INTERPRETATION

         Terms denoted with initial capital letters and not otherwise defined
         herein have the meanings assigned to them in the Loan Agreement.

2.       STANDSTILL

         Linyi hereby agrees that it will not, under any circumstances, demand
         payment of the Principal Amount under the Loan Agreement and the
         Convertible Note before the close of business on March 27, 2003. The
         Agreement of Linyi hereunder not to demand payment of the Principal
         Amount does not affect its rights with respect to accrued and unpaid
         interest, and Linyi may continue to demand payment of any accrued and
         unpaid interest on the Principal Amount in accordance with the terms of
         the Loan Agreement and the Convertible Note.

<PAGE>
                                      -2-

3.       CONSIDERATION

         In consideration of Linyi's forbearance in demanding payment under the
         Loan Agreement and the Convertible Note, Ivanhoe hereby grants to Linyi
         an option (the "Option") to convert all or any part of the Principal
         Amount and all accrued and unpaid interest up until March 27, 2003 into
         common shares of Ivanhoe ("Common Shares"), in whole or in part at a
         deemed issue price of US$0.77 per Common Share (the "Conversion
         Price"). The Option will be exercisable commencing on the date hereof
         and ending on March 27, 2003 (the "Option Period"). Linyi may exercise
         the Option at any time during the Option Period by delivering notice in
         writing to Ivanhoe to convert all or any part of the Principal amount
         and accrued and unpaid interest until March 27, 2003. Upon receipt of
         notice of exercise of the Option, Ivanhoe will take all steps necessary
         to issue the appropriate number of Common Shares to, or to the
         direction of, Linyi, and will deliver to Linyi share certificates
         representing such Common Shares. Upon delivery of the share
         certificates to Linyi, Ivanhoe will be deemed to have repaid the amount
         of the Principal Amount and/or accrued and unpaid interest which is
         equal to the Option Price.

         Linyi acknowledges that any Common Shares issued to Linyi hereunder
         will be subject to restrictions on resale in the United States and
         Canada and that certificates representing such Common Shares may be
         inscribed with legends describing such restrictions.

4.       ADJUSTMENT

         The number of Common Shares issuable to the Linyi upon any conversion
         of the outstanding Principal Amount and accrued and unpaid interest in
         respect thereof, will be subject to adjustment as follows:

         (a)      if the Common Shares are subdivided, consolidated or changed,
                  the outstanding Principal Amount and accrued and unpaid
                  interest in respect thereof, will be convertible at the Option
                  Price into that number of common shares or other class or kind
                  of securities of Ivanhoe as would have been held by Linyi
                  following such subdivision, consolidation or change had Linyi
                  effected such conversion immediately prior to the subdivision,
                  consolidation or change; or

         (b)      in the event of any capital reorganization of Ivanhoe or
                  reclassification or reclassifications of the Common Shares or
                  in the event of any merger or amalgamation of Ivanhoe with or
                  into any other corporation resulting in a reclassification of
                  the Common Shares or a change of the Common Shares into other
                  shares or securities or in the event of a transaction whereby
                  all or substantially all of Ivanhoe's undertakings and assets
                  become the property of another corporation, Linyi will
                  thereafter acquire and accept, in lieu of the Common Shares
                  immediately theretofore receivable upon the conversion of the
                  outstanding Principal Amount and accrued and unpaid interest
                  in respect thereof, the kind, class, series and amount of
                  shares or other securities or property that Linyi would have
                  been entitled to receive upon such capital reorganization,
                  reclassification. merger, amalgamation or transaction if, on
                  the effective date thereof, Linyi had been the holder of the
                  number of Common Shares that Linyi would have acquired by the
                  conversion of the
<PAGE>
                                      -3-

                  outstanding Principal Amount and accrued and unpaid interest
                  in respect thereof immediately before the effective date
                  thereof. The subdivision or consolidation of Common Shares at
                  any time outstanding into a greater or lesser number of Common
                  Shares (whether with or without par value) will not be deemed
                  to be a capital reorganization or a reclassification of the
                  capital of Ivanhoe for the purposes of this section 4.

5.       APPROVALS

         Ivanhoe's obligations under this Standstill Agreement are subject to
         approval of the board of directors of Ivanhoe and approval of the
         transaction by the Toronto Stock Exchange.

6.       GENERAL

         This Standstill Agreement is subject to the following additional terms
         and conditions:

         (a)      except as otherwise expressly provided herein, neither party
                  may assign any right, title or interest in this Standstill
                  Agreement without the written consent of the other party, and
                  any purported assignment without such consent will be void;

         (b)      this Standstill Agreement constitutes the entire agreement
                  between the parties with respect to the forbearance of the
                  payment of the Principal Amount and accrued interest and
                  supersedes every previous agreement, communication,
                  expectation, negotiation, representation, warranty or
                  understanding whether oral or written, express or implied,
                  statutory or otherwise, between the parties with respect to
                  the subject matter of this Standstill Agreement;

         (c)      each party will execute and deliver such further agreements
                  and documents and do such further acts and things as any party
                  reasonably requests to evidence, carry out or give full effect
                  to the intent of this Standstill Agreement;

         (d)      this Standstill Agreement is and will be deemed to have been
                  made in British Columbia, Canada for all purposes and will be
                  governed exclusively by and construed and enforced in
                  accordance with the laws prevailing in British Columbia and
                  the rights and remedies of the parties will be determined in
                  accordance with those laws. Each of the parties hereby attorns
                  to the non-exclusive jurisdiction of the courts of British
                  Columbia;

         (e)      this Standstill Agreement will enure to the benefit of and
                  binding upon the respective legal representatives and
                  successors of the parties;

         (f)      this Standstill Agreement may be executed in any number of
                  counterparts with the same effect as if all parties to this
                  Standstill Agreement had signed the same document and all
                  counterparts will construed together and constitute one and
                  the same document; and

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                                      -4-

         (g)      a reference to "approval", "authorization" or "consent" means
                  written approval, authorization or consent.

Yours Truly,

IVANHOE ENERGY INC.

Per: "John O'Keefe"
     --------------------------
     Authorized Signatory

Agreed to this 29th day of October, 2002

LINYI HOLDINGS LIMITED

Per:  "Kevin O'Shaughnessy"
      ------------------------------
      Authorized Signatory

<PAGE>
                                      -5-

                                CONVERTIBLE NOTE

US $1,000,000                                                    29 October 2002

FOR VALUE RECEIVED, Ivanhoe Energy Inc., a Yukon corporation (the "Maker")
hereby promises to pay to, or to the order of, LINYI HOLDINGS LIMITED, or its
successors and assigns ("Payee"), on the date which is 90 days after written
demand, but in any event, as per the Standstill Agreement dated 29 October, 2002
(the "Agreement"), not before March 27, 2003, at the address of the Payee being
13th Floor, Gloucester Tower, The Landmark, 11 Pedder Street, Central, Hong
Kong, or at such other place as Payee may designate, in lawful money of the
United States of America, in cash or by certified cheque or bank draft or by
wire transfer of immediately available and freely transferable funds, the
aggregate principal amount of One Million Dollars ($1,000,000).

This note shall bear interest from May 26, 1999, until repaid at an annual rate
equal to two and one-half per cent (2 1/2%) over Citibank's prime rate for U.S.
dollar loans made at New York in the United States of America (the "Prime Rate")
as from time to time in effect (computed on the basis of actual days elapsed
over a year of 365 or 366 days as applicable), provided that such rate shall not
exceed the maximum rate permitted by applicable law. Each change in such rate
resulting from a change in the Prime Rate shall be effective as of the date such
change in the Prime Rate becomes effective.

This Note is convertible, in whole or in part, at the sole option of the Payee
in accordance with the terms of the Agreement into fully paid and non-assessable
common shares (as presently constituted) in the capital of the Maker at a deemed
price per share of Cdn. $1.21 (US$0.77).

Subject to the Agreement, the principal and interest evidenced by this Note may
be converted by the Payee into common shares of the Maker at any time upon
delivery to the Maker of written notice of such conversion. Upon any such
conversion, this Note shall, subject to the issuance and delivery of the common
shares of the Maker to which the Payee is then entitled, be deemed to have been
repaid to the extent of the amount so converted, the Maker shall have no further
obligations hereunder in respect of the amount so converted, and from and after
the date of such conversion. Notwithstanding any such conversion, the Maker will
remain obliged to repay, in accordance with the terms of the Agreement, any
principal and the interest that the Payee does not elect to convert into common
shares of the Maker.

If, at the time of the conversion of this Note, there are restrictions on resale
under applicable securities legislation in respect of the common shares so
acquired, the Maker may, on the advice of counsel, endorse the certificates
representing such shares to such effect.

<PAGE>
                                      -6-

This Note confers on the Payee the right to acquire common shares as constituted
on the date hereof. If prior to the conversion of this Note at any time or from
time to time there shall be any reorganization or reclassifications of the share
capital of the Maker, the number of common shares which are issuable upon
conversion of this Note will be subject to adjustment as per section 5 of the
Agreement.

The Maker waives presentment for payment, notice of nonpayment, notice of
protest and protest of this Note.

This Note shall be governed by and construed in accordance with the laws of the
Province of British Columbia and the federal laws of Canada applicable therein.

IVANHOE ENERGY INC.

By:
    -------------------------------------------------
         Authorized Signatory

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