EXHIBIT 6.62


                             FINDER'S FEE AGREEMENT


BETWEEN:          iQ POWER TECHNOLOGY INC. (the "Issuer")
                  Erlenhof Park
                  Inselkammer Strasse 4
                  D-82008 Unterhaching, Germany

AND:              HEREFORD GROUP LIMITED
                  12th Floor, Ruttonjee House
                  11 Duddell Street
                  Central, Hong Kong (the "Finder")

In  consideration  of the  services  of the  Finder  in  arranging  the  private
placement  of the  Units of the  Issuer at  US$0.50  per Unit  indicated  on the
attached Schedule A (the  "Subscriptions"),  on the Issuer's receipt of the full
purchase  price for, and the  conclusion of the private  placement of, the Units
subscribed  for under the  Subscriptions,  the Issuer agrees to pay the Finder a
fee (the "Finder's Fee') of 10% of the value of the Units placed by the issue of
that number of fully paid and non-assessable shares of the Issuer (the "Shares")
determined by dividing the Finder's Fee by the deemed issue price of US$0.50 per
Share (the "Subscription  Price"). The Finder hereby agrees to accept the Shares
on the terms and conditions set forth in sections 1 to 4 attached.


DATED at ___________________________, on ____________________, 2002.

<TABLE>
<S>                                                               <C>
HEREFORD GROUP LIMITED
--------------------------------------------------------        -----------------------------------------------------------
(Name of Finder - please print)                                 (Finder's Address)

By:
--------------------------------------------------------        -----------------------------------------------------------
Authorized Signature

                                                                (        )
--------------------------------------------------------        -----------------------------------------------------------
(Official Capacity or Title - please print)                     (Telephone and Telecopier Numbers)


--------------------------------------------------------        -----------------------------------------------------------
(Please print name of individual whose signature appears        Please print name and address of beneficial purchaser if
above if different than the name of the Finder printed          different than the name of the Finder printed above)
above)

--------------------------------------------------------
(DIRECT OR INDIRECT HOLDING IN THE ISSUER -
nil holdings will be inferred if not  completed)

</TABLE>




================================================================================


Accepted and agreed to by the Issuer effective ____________________, 2002.

iQ POWER TECHNOLOGY INC.

Per:
    ----------------------------------------


<PAGE>


                   FINDER'S FEE AGREEMENT TERMS AND CONDITIONS

1.   ACKNOWLEDGMENTS OF THE FINDER

1.1  The Finder acknowledges and declares that:

a.   the  Finder  is aware  that the  Shares  have  not been  qualified  under a
     Securities  Act or  Exchange  Act (an  "Act") or any  regulations  or rules
     thereunder (the "Rules") for distribution to the public,  that the issuance
     of the  Shares  pursuant  to  this  Agreement  is to be by  way of  private
     placement  exempted from the registration  requirements of any Act and from
     the prospectus  requirements of any Act under an exemption to be determined
     by the  Issuer,  and that the Finder is  restricted  from using most of the
     civil remedies  available under such Acts and the Rules thereto and may not
     receive  information  that would be  otherwise  available to him under such
     Acts and the Rules in connection with his acquisition of the Shares;

b.   there are  restrictions on the Finder's ability to resell the Shares and it
     is the responsibility of the Finder to find out what those restrictions are
     and to comply with them before selling the Shares and, without limiting the
     generality of the foregoing, the resale of the Shares may be subject to the
     registration and prospectus requirements of the Act;

c.   it is the  obligation of the Finder to comply with the resale  restrictions
     imposed  by any  applicable  Act in  regard  to the  Shares at the time the
     Finder  wishes to trade any of the Shares and it is not the  obligation  of
     the Issuer or its solicitors to keep the Finder informed in this regard;

d.   it consents to the Issuer causing any legends required under any securities
     law to which it is  bound  in  issuing  the  Shares  to be  affixed  to the
     certificates  representing  the  Shares  to  be  issued  pursuant  to  this
     Agreement;

e.   the Shares were not advertised for sale;

f.   the Issuer has  recommended  the Finder seek and obtain  independent  legal
     advice from the Finder's own solicitor with respect to this Agreement prior
     to its execution and has provided the Finder with sufficient opportunity to
     do so and the Finder further  acknowledges  that it understands  the terms,
     and its rights and obligations under this Agreement;

g.   no securities  commission or similar  regulatory  authority has reviewed or
     passed on the merits of the Shares;

h.   there is no government or other insurance covering the Shares; and

i.   there are risks associated with the acquisition of the Shares.

2.   REPRESENTATIONS AND WARRANTIES OF THE FINDER

2.1  The Finder represents and warrants to the Issuer that:

a.   the Finder is acquiring the Shares as principal  and no other person,  firm
     or corporation will have a beneficial interest in the Shares;

b.   the Shares are being acquired for  investment  purposes only and not with a
     view to resale or distribution;

c.   the  Finder  is not a  control  person  of the  Issuer  as  defined  in any
     securities act applicable to the issue of the Shares and the acquisition of
     the Shares  will not result in the Finder  owning 20% or more of the issued
     and outstanding shares of the Issuer or becoming a control person;

d.   the  Finder  is not  acquiring  the  Shares  as a  result  of any  material
     information  about the  affairs  of the Issuer  that has not been  publicly
     disclosed, save knowledge of this particular transaction;

e.   the Finder is not a resident of Canada and this Subscription is not subject
     to the securities laws of any province or territory in Canada;

f.   the Finder is not a "U.S. Person" (the definition of which includes, but is
     not limited to, an  individual  resident in the United States and an estate
     or trust of which any executor or administrator  or trustee,  respectively,
     is  a  U.S.  Person  and  any  partnership  or  corporation   organized  or
     incorporated under the laws of the United States);

g.   the  Finder was  outside  the United  States at the time of  execution  and
     delivery of this subscription agreement;

h.   no offers to sell the Shares  were made by any  person to the Finder  while
     the Finder was in the United States;

i.   the Shares are not being acquired  directly or indirectly,  for the account
     or benefit of a U.S. Person or a person in the United States and the Finder
     does not have any agreement or understanding  (either written or oral) with
     any U.S. Person respecting:

     i.   the  transfer  or  assignment  of any rights or interest in any of the
          Shares,
     ii   the division of profits,  losses, fees, commissions,  or any financial
          stake in connection with this subscription, or
     iii. the voting of the common shares;

j.   the Finder and the Issuer agree that the Issuer may not permit the transfer
     of the Shares unless such transfer is made in accordance  with Regulation S
     under the 1933 Act;

k.   the Finder  acknowledges that the Shares have not been registered under the
     United  States  Securities  Act of 1933 (the  "1933  Act"),  and may not be
     offered or sold in the United States,  and the Finder undertakes and agrees
     that it will  not  offer  or sell  the  Shares  during  the  40-day  period
     following  the  issue  date of the  Shares  (the  "Distribution  Compliance
     Period").  After such 40-day  Distribution  Compliance  Period,  the Finder
     undertakes and agrees to sell such Shares only outside the United States in
     a transaction  meeting the requirements of Regulation S under the 1933 Act.
     The Finder  understands  that the  Corporation has no obligation or present
     intention of filing a registration  statement under the 1933 Act in respect
     of the Shares; and

l.   the Finder agrees not to engage in hedging  transactions with regard to the
     Shares  prior  to the  expiration  of the  40-day  Distribution  Compliance
     Period;  and the Finder  acknowledges  and agrees with the Corporation that
     the  Corporation  shall  refuse to register  any transfer of the Shares not
     made in  accordance  with the  provisions  of  Regulation  S,  pursuant  to
     registration  under  the  Securities  Act,  or  pursuant  to  an  available
     exemption from registration under the 1933 Act.

3.   REPRESENTATIONS AND WARRANTIES OF THE ISSUER

3.1 The Issuer  represents  and warrants to the Finder that the Shares issued to
the Finder pursuant to this Agreement will be duly  authorized,  validly issued,
fully paid and non-assessable.

4.   GENERAL

4.1 The  parties  hereto  agree to do or  cause  to be done  all acts or  things
necessary to implement and carry into effect the provisions of and the intent of
this  Agreement  including  the  execution of any  undertakings  required by the
regulatory authorities or exchanges.

4.2 Time shall be of the essence of this Agreement.

4.3 All  funds  referred  to under the  terms of this  Agreement  shall be funds
designated in the lawful currency of the United States of America.

4.4 This Agreement  shall be  interpreted in accordance  with the laws in effect
from time to time in the State of Washington, USA.

4.5 This Agreement shall enure to the benefit of and be binding upon the parties
hereto and their respective heirs, administrators, successors and assigns.

4.6 This  Agreement,  upon  acceptance by the Issuer,  will represent the entire
agreement of the parties  hereto with respect to the subject  matter  hereof and
there  are  no  representations,  warranties,  covenants,  other  agreements  or
understandings,  oral and written,  relating to the subject matter hereof except
as stated or referred to in this subscription.

4.7 Neither  this  subscription  agreement  nor any  provision  hereof  shall be
modified,  changed,  discharged or terminated except by an instrument in writing
signed by the party against whom any waiver, change, discharge or termination is
sought.

4.8.  The  Finder  hereby   irrevocably   authorizes  the  Issuer  to  hold  the
certificates  for the Shares issued in escrow for a period of 40 days  following
the Issue Day to  ensure  compliance  with the  40-day  Distribution  Compliance
Period referred to above.



<PAGE>


                                   SCHEDULE A
                                  Subscriptions


<TABLE>
Name and Address of Subscriber                Subscription Proceeds          Number of Units of iQ Power
                                                                            Technology Inc. subscribed for
                                                                                at US$0.50 per Unit
<S>                                           <C>                               <C>
HALIUN HONGORZUL                                    100,000                           200,000
40-R Mjong 40-R Bair,
12-5 Toot Ulaon, Bator,
Mongolia

LI ZHENG                                            200,000                           400,000
20 Merlin Court
42 Broadcast Drive,
Kowloon, Hong Kong

FISHERSTREET MANAGEMENT LIMITED                     150,000                           300,000
12th Floor, Ruttonjee House
11 Duddell Street,
Central, Hong Kong

TOTAL
</TABLE>