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| (1) | EFT INTERNATIONAL LIMITED a company incorporated under the laws of the British Virgin Islands (the "Appointor"); and |
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| (2) | JFL CAPITAL LIMITED a company incorporated under the laws of the British Virgin Islands (the "Company"). |
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| 1. | DUTIES & TERM OF APPOINTMENT |
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| 2. | REMUNERATION |
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| 2.1 | From 1st April 2010 until 31st March 2011, the Appointor shall pay the Company an annual fee of U.S. $315,000 divided into 12 equal monthly instalments of U.S. $26,250 each payable in arrears on the last day of each calendar month and if such day is not a business day, the business day preceding such day. |
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| 2.2 | As from 1st April 2011, the annual fee shall be increased at the rate of U.S. $15,000 each year, being 5% over the Base Fee, that is U.S.$300,000. |
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| 3. | TERMINATION |
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| 3.1 | This Agreement shall terminate on the occurrence of any of the following events: |
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|   | (a) | a party hereto committing a material breach of its obligations under this Agreement and, in the cases of a breach capable or remedy, failing to remedy the same with fourteen days of being specifically required in writing so to do by the other party; |
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|   | (b) | any distress, execution, sequestration or other process being levied or enforced upon or sued out against any material property of a party hereto which is not discharged within fourteen days; |
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|   | (c) | the inability of a party hereto to pay its debts in the normal course of business; |
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|   | (d) | a party hereto ceasing or threatening to cease wholly or substantially to carry on its business, otherwise than for the purpose of a reconstruction or amalgamation without insolvency previously approved by the other party (such approval not to be unreasonably withheld); |
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|   | (e) | any encumbrancer taking possession of or a receiver or trustee being appointed over the whole or any material part of the undertaking, property or assets of a party hereto; or |
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|   | (f) | the making of an order or the passing of a resolution for the winding up of a party hereto, otherwise than for the purpose of a reconstruction or amalgamation without insolvency previously approved by the other party (such approval not to be unreasonably withheld). |
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| 3.2 | Any termination of the Agreement hereunder shall be without prejudice to any monies or rights accrued to the parties hereto prior to such termination. |
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| 4. | ENTIRE AGREEMENT |
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| 5. | CONFIDENTIALITY |
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| 5.1 | Other than such disclosure as may be required by law or any competent authority, neither of the parties hereto shall make any announcement or release or disclose any information concerning this Agreement or the transactions herein referred to or disclose the identity of the other party (save disclosure to their respective professional advisers under a duty of confidentiality) without the written consent of the other party. |
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| 6. | ASSIGNMENT |
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| 7. | COSTS AND EXPENSES |
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| 8. | GOVERNING LAW |
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| SIGNED by                     | )      |          |
|-------------------------------|--------|---------------|
|                          |   |          |
| a director, for and on behalf | )      |          |
|                          |   | /s/           |
| of the Appointor in the       | )      |          |
|                          |   |          |
| presence of:                  | )      |          |
|                          |   |          |
| SIGNED by                     | )      |          |
|                          |   |          |
| a director, for and on behalf | )      |          |
|                          |   | /s/ Wendy Qin |
| of the Company in the         | )      |          |
|                          |   |          |
| presence of:                  | )      |          |

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