BUSINESS CONSULTANT AGREEMENT

THIS BUSINESS CONSULTANT AGREEMENT ("Agreement") is made and entered into in
duplicate this 15th day of April 2002, by and between Providential Holdings,
Inc., a Nevada corporation "Corporation"), and Min Duk Hyun ("Consultant").

                                    RECITALS

     A. It is the desire of the Corporation to engage the services of the
Consultant to consult with the Corporation regarding certain opportunities
available to the Corporation and other relevant matters relating to the business
of the Corporation.

     B. It is the desire of the Consultant to so consult with the Board of
Directors of the Corporation ("Board") and the officers of the Corporation
concerning those matters.

     C. The parties desire that the Corporation retain the Consultant to consult
with the Corporation and assist the Corporation in identifying, locating and,
possibly, acquiring various business opportunities for the Corporation, on the
terms and subject to the conditions specified in this Agreement.

(begin boldface)
NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL PROMISES, UNDERTAKINGS AND
COVENANTS SPECIFIED HEREIN, AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, THE
RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, WITH THE INTENT TO BE
OBLIGATED LEGALLY AND EQUITABLY, THE PARTIES AGREE WITH EACH OTHER AS FOLLOWS:
(end boldface)

     1. Incorporation of Recitals. The recitals of this Agreement, specified
     -----------------------------
above, by this reference, are made a part of this Agreement, as though specified
completely and specifically at length in this Agreement.

     2. Term of Agreement. The respective duties and obligations of the parties
     ---------------------
shall commence on April 15, 2002 ("Effective Date"), and shall continue until
terminated by either of the parties. In the event either party to this Agreement
desires to terminate this Agreement, that party shall provide to the other party
notice of that party's intention to terminate this Agreement, and which notice
shall specify the date of termination of this Agreement; provided, however, that
such date of termination shall not be sooner than 60 days after the date that
such notice is given to such other party.

     3. Confidential Information.
     ----------------------------

     3.1 Definition of Confidential Information. As used in this Agreement,
     -------------------------------------------
"Confidential Information" shall, subject to the provisions set forth at Section
3.2 of this Agreement, include, but not be limited to, computer programs,
software, source codes, computations, data files, algorithms, techniques,



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processes, designs, specifications, drawings, charts, plans, schematics,
computer disks, magnetic tapes, books, files, records, reports, documents,
instruments, agreements, contracts, correspondence, letters, memoranda,
financial, accounting, sales, purchase and employment data, capital structure
information, corporate organizational information, identities, names and
addresses of shareholders, directors, officers, employees, contractors, vendors,
suppliers, customers, clients and all persons and entities associated with the
Corporation, information pertaining to projects, projections, assumptions and
analyses, and all other data and information and similar items relating to the
business of the Corporation and all other data and information and similar items
relating to the Corporation of whatever kind or nature and whether or not
prepared or compiled by the Corporation.


     3.2 General Knowledge. Confidential Information, as that term is used in
     ----------------------
this Agreement, shall not include information which:

     (a) is already known without restriction to the Consultant; or
     (b) is or becomes publicly known as a result of no wrongful act of the
     Consultant; or
     (c) is received from a third party without restriction and without breach
     of this Agreement; or
     (d) is independently developed by the Consultant

     3.3. Non-Disclosure. The Consultant and the Consultant's representatives,
     --------------------
heirs, successors, employees, assigns, attorneys, affiliates, agents and other
representatives, as the case may be, and each of their shareholders, partners,
directors, officers, employees, representatives, attorneys, and all other
persons or entities acting by, through, under, or in connection with them, or
any of them, shall not, directly or indirectly, divulge, disclose, disseminate,
distribute, license, circulate, publish, use, sell or otherwise make known any
Confidential Information to any third party or person or entity not expressly
authorized by the Corporation in advance in writing to receive such Confidential
Information. The Consultant shall prevent disclosure of any Confidential
Information to any third party and shall exercise the most stringent care and
discretion in accordance with the Consultant's duty pursuant to this Agreement
to prevent any such disclosure.

     3.4. Ownership and Reproduction or Translation of Confidential Information.
     ---------------------------------------------------------------------------
All Confidential Information is and shall remain the property of the Corporation
and may not be reproduced, replicated, recreated, reconstructed, remanufactured,
engineered, reverse engineered, copied, translated, compiled, interpreted or
decompiled, in any manner whatsoever whether electronic, electromagnetic,
electromechanical, mechanical, chemical or photographic without the prior
written consent of the Corporation.

     3.5. Removal and Return of Confidential Information. The Consultant shall
     ----------------------------------------------------
only remove such original or reproduced, replicated or photocopied Confidential
Information from the premises of the Corporation or any bailee or other place of
repository as may be expressly permitted in advance in writing by the
Corporation. The Consultant shall promptly return to the Corporation all



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Confidential Information upon the request of the Corporation and shall not
retain any reproductions, replications, photocopies or other copies or
renditions of any Confidential Information. The Consultant shall certify in
writing to the Corporation that the Consultant has either returned or destroyed
all such reproductions, replications, photocopies or copies or other renditions.

     3.6. Prohibition of Use. The Consultant shall not directly or indirectly
     ------------------------
make any use whatsoever of Confidential Information or of any feature,
specification, detail or other characteristic contained in, or derived from, any
Confidential Information, except as may be expressly authorized by the
Corporation in writing.

     3.7. Competitive Activities. Any unauthorized use, sale, licensing,
     ----------------------------
marketing, transfer or disclosure of Confidential Information obtained by the
Consultant, including information concerning the Confidential Information and
any future or proposed activities by the Corporation or any of the Corporation's
employees, associates, affiliates, agents, consultants or representatives, and
the fact that those activities may be considered or in production, as well as
any description of the features, specifications, or characteristics of those
activities, shall constitute unfair competition and shall be a breach of this
Agreement and of the Consultant's fiduciary duties to the Corporation. The
Consultant shall not engage in any unfair competition with the Corporation at
any time, whether during or following the completion of the term of this
Agreement.

     4. Consultations. The Consultant shall consult with the Board and the
     -----------------
officers of the Corporation, at reasonable times, concerning any issue of
importance regarding certain opportunities available to the Corporation and
other relevant matters relating to the business of the Corporation.
Specifically, subject to those restrictions specified in Paragraph 8 it is
anticipated that the Consultant shall (i) assist the officers of the Corporation
in connection with certain delegated matters regarding the fiscal requirements
of the Corporation and (ii) introduce the Corporation to investment bankers,
broker dealers, institutional investors and qualified prospective merger or
acquisition candidates for purposes of allowing the Corporation to consider and,
if appropriate, consummate and close certain mergers and acquisitions and other
opportunities. The provisions of this Agreement notwithstanding, the services of
the Consultant to be provided pursuant to the provisions of this Agreement do
not include investor relation services or the direct or indirect promotion of
the Corporation's securities in any manner whatsoever.

     5. Management Power of the Consultant. The business affairs of the
     --------------------------------------
Corporation and the operation of business of the Corporation shall be conducted
by the officers and administrative staff and employees of the Corporation. It is
the intention of the Corporation not to confer on the Consultant, and the
Consultant shall not have, any power of direction, management, supervision or
control of the administrative staff or other employees of the Corporation, or to
otherwise be involved with the management of the business of the Corporation.

     6. Authority to Contract. The Consultant shall have no power to, and the
     -------------------------



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Consultant shall not, obligate the Corporation in any manner whatsoever to any
contract, agreement, undertaking, commitment or other obligation.

     7. Compensation. As consideration for the services to be provided by the
     ----------------
Consultant to the Corporation pursuant to the provisions of this Agreement, on
the Effective Date the Corporation shall issue or caused to be issued to the
Consultant 3,000,000 shares of the Corporation's $.04 par value common stock,
which shares shall be "unrestricted securities" and, therefore, available for
immediate sale, transfer, or other disposition by the Consultant without
compliance with the provisions of Rule 144.

     8. Registration Status of Consultant. The Consultant is not engaged in the
     -------------------------------------
business of effecting transactions in securities for the accounts of others. The
Consultant is not registered with any agency as a broker-dealer, investment
advisor or investment manager, and, as a result, is precluded by law from
providing to the Corporation services which would be considered to be those of a
broker-dealer, investment advisor or investment manager in connection with the
placement, offer or sale of securities. In that regard, the Consultant shall not
offer, offer to sell, offer for sale, sell, or induce or attempt to induce the
purchase or sale of securities of the Corporation. None of the services to be
provided by the Consultant pursuant to the provisions of this Agreement are
intended to be or shall be construed as offering or selling securities, or
providing investment, legal or tax advice.

     9. Services of Consultant Not Exclusive. Subject to the provisions of
     ----------------------------------------
Section 3.7 of this Agreement, the Consultant may represent, perform services
for, and be employed by, any additional persons as the Consultant, in the
Consultant's sole discretion, determines to be necessary or appropriate.

     10. Legal and Equitable Remedies. Because of the uniqueness of the services
     ---------------------------------
to be performed by the Consultant for the Corporation pursuant to the provisions
of this Agreement, and because the Consultant's reputation as a business and
financial consultant may be affected by the financial success or failure or the
Corporation, in addition to the other rights and remedies that the Consultant
may have for a breach of this Agreement, the Consultant shall have the right to
enforce this Agreement, and all of its provisions, by injunction, specific
performance or other relief in a court of equity. If any legal action is
necessary to enforce or interpret any provision of this Agreement, the
prevailing party shall be entitled to reasonable attorney's fees, costs and
necessary disbursements in addition to any other relief to which that party may
be entitled.

     11. Relationship Created. The Consultant is not an employee of the
     -------------------------
Corporation for any purpose whatsoever, but is an independent contractor. The
Corporation is interested only in the results obtained by the Consultant, who
shall have the sole and exclusive control of the manner and means of performing
pursuant to this Agreement. The Corporation shall not have the right to require
the Consultant to collect accounts, investigate customer or shareholder
complaints, attend meetings, periodically report to the Corporation, follow
prescribed itineraries, keep records of business transacted, make adjustments,
conform to particular policies of the Corporation, or do anything else which



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would jeopardize the relationship of independent contractor between the
Corporation and the Consultant. All expenses and disbursements, including, but
not limited to, those for travel and maintenance, entertainment, office,
clerical and general administrative expenses, that may be incurred by the
Consultant in connection with this Agreement shall be borne and paid wholly and
completely by the Consultant, and the Corporation shall not be in any way
responsible or liable therefor.

     12. Indemnification. Each party shall save the other party harmless from
     --------------------
and against and shall indemnify the other party for any liability, loss, costs,
expenses, or damages however caused by reason of any injury (whether to body,
property, or personal or business character or reputation) sustained by any
person or to any person or to property by reason of any act, neglect, default,
or omission of such party or any of such party's agents, employees, or other
representatives, and, such party shall pay any and all amounts to be paid or
discharged in case of an action or any such liability less costs, expenses, or
damages. If either party is sued in any court for damages by reason of any of
the acts of the other party referred to in this paragraph, such other party
shall defend said action (or cause same to be defended) at such other party's
own expense and shall pay and discharge any judgment that may be rendered in any
such action; if such other party fails or neglects to so defend in said action,
the party sued may defend the same and any expenses, including reasonable
attorneys' fees, which such party may pay or incur in defending said action and
the amount of any judgment which such party may be required to pay as a result
of said action shall be promptly reimbursed upon demand.

     13. Governmental Rules and Regulations. The provisions of this Agreement
     ---------------------------------------
and the relationship contemplated by the provisions of this Agreement are
subject to any and all present and future orders, rules and regulations of any
duly constituted authority having jurisdiction of that relationship.

     14. Notices. All notices, requests, demands or other communications
     ------------
pursuant to this Agreement shall be in writing or by telex or facsimile
transmission and shall be deemed to have been duly given (i) on the date of
service, if delivered in person or by telex or facsimile transmission (with the
telex or facsimile confirmation of transmission receipt serving as confirmation
of service when sent and provided telexed or telecopied notices are also mailed
by first class, certified or registered mail, postage prepaid); or (ii) 48 hours
after mailing by first class, registered or certified mail, postage prepaid, and
properly addressed as follows:


If to the Corporation:                    Providential Holdings, Inc.
                                          8700 Warner Avenue, Suite 200
                                          Fountain Valley, 92708 CA
                                          Telephone: (714) 596-0244
                                          Facsimile Machine (714) 596-0302

If to the Consultant:                     Min Duk Hyun
                                          3684 Watseka Avenue, Suite 209
                                          Los Angeles, California 90034


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or at such other address as the party affected may designate in a written notice
to such other party in compliance with this paragraph.

     15. Entire Agreement. This Agreement is the final written expression and
     ---------------------
the complete and exclusive statement of all the agreements, conditions,
promises, representations, warranties and covenants between the parties with
respect to the subject matter of this Agreement, and this Agreement supersedes
all prior or contemporaneous agreements, negotiations, representations,
warranties, covenants, understandings and discussions by and between and among
the parties, their respective representatives, and any other person, with
respect to the subject matter specified in this Agreement. This Agreement may be
amended only by an instrument in writing which expressly refers to this
Agreement and specifically states that such instrument is intended to amend this
Agreement and is signed by each of the parties.

     16. Number and Gender. Whenever the singular number is used in this
     ----------------------
Agreement, and when required by the context, the same shall include the plural,
and vice versa; the masculine gender shall include the feminine and neuter
genders, and vice versa; and the word "person" shall include corporation, firm,
trust, estate, joint venture, governmental agency, sole proprietorship,
political subdivision, company, congregation, organization, fraternal order,
club, league, society, municipality, association, joint stock company,
partnership or other form of entity.

     17. Execution in Counterparts. This Agreement may be prepared in multiple
     ------------------------------
copies and forwarded to each of the parties for execution. All of the signatures
of the parties may be affixed to one copy or to separate copies of this
Agreement and when all such copies are received and signed by all the parties,
those copies shall constitute one agreement which is not otherwise separable or
divisible.

     18. Choice of Law and Consent to Jurisdiction. All questions concerning the
     ----------------------------------------------
validity, interpretation or performance of any of the terms, conditions and
provisions of this Agreement or of any of the rights or obligations of the
parties, shall be governed by, and resolved in accordance with, the laws of the
State of California.

     19. Assignability. Neither party shall sell, assign, transfer, convey or
     ------------------
encumber this Agreement or any right or interest in this Agreement or pursuant
to this Agreement, or suffer or permit any such sale, assignment, transfer or
encumbrance to occur by operation of law without the prior written consent of
the other party. In the event of any sale, assignment, transfer or encumbrance
consented to by such other party, the transferee or such transferee's legal
representative shall agree with such other party in writing to assume
personally, perform and be obligated by, the covenants, obligations, warranties,
representations, terms, conditions and provisions specified in this Agreement.

     20. Severability. In the event any part of this Agreement or the subject
     -----------------
matter of this Agreement, for any reason, is determined by a court of competent
jurisdiction to be invalid, such determination shall not affect the validity of
any remaining portion or subject matter of this Agreement, which remaining



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portion or subject matter shall remain in full force and effect as if this
Agreement had been executed with the invalid portion or subject matter thereof
eliminated. It is hereby declared the intention of the parties that they would
have executed the remaining portion or subject matter of this Agreement without
including any such part, parts, portion or subject matter which, for any
reasons, may be hereafter determined to be invalid.

     21. Force Majeure. If any party is rendered unable, completely or
     ------------------
partially, by the occurrence of an event of "force majeure" (hereinafter
defined) to perform such party's obligations created by the provisions of this
letter of intent, such party shall give to the other party prompt written notice
of the event of "force majeure" with reasonably complete particulars concerning
such event; thereupon, the obligations of the party giving such notice, so far
as those obligations are affected by the event of "force majeure," shall be
suspended during, but no longer than, the continuance of the event of "force
majeure." The party affected by such event of "force majeure" shall use all
reasonable diligence to resolve, eliminate and terminate the event of "force
majeure" as quickly as practicable. The requirement that an event of "force
majeure" shall be remedied with all reasonable dispatch as hereinabove
specified, shall not require the settlement of strikes, lockouts or other labor
difficulties by the party involved, contrary to such party's wishes, and the
resolution of any and all such difficulties shall be handled entirely within the
discretion of the party concerned. The term "force majeure" as used in this
letter of intent shall be defined as and mean any act of God, strike, civil
disturbance, lockout or other industrial disturbance, act of any unlawful
combatant, act of terrorism, act of the public enemy, war, blockade, public
riot, earthquake, tornado, hurricane, lightning, fire, public demonstration,
storm, flood, explosion, governmental action, governmental delay, restraint or
inaction, unavailability of equipment, and any other cause or event, whether of
the type enumerated specifically in this section or otherwise, which is not
reasonably within the control of the party claiming such suspension.

     22. Consent to Agreement. By executing this Agreement, each party, for
     -------------------------
himself, represents such party has read or caused to be read this Agreement in
all particulars, and consents to the rights, conditions, duties and
responsibilities imposed upon such party as specified in this Agreement.

     IN WITNESS WHEREOF the parties have executed this Business Consultant and
Financial Consultant Agreement in duplicate and in multiple counterparts, each
of which shall have the force and effect of an original, on the date specified
in the preamble of this Agreement.

CORPORATION:                                         CONSULTANT:
Providential Holdings, Inc.                          Min Duk Hyun
A Nevada Corporation
By: /s/ Henry D. Fahman                              By: /s/ Min Duk Hyun
    -------------------                                  ----------------
Its: President
By: /s/ Tina T. Phan
    ----------------
Its: Secretary


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