| 1.1.      | Agreement: this      agreement and the appendices considered to be an integral part of      it; |
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| 1.2.      | Services:      the services of which a description is presented in article 3 of the      present Agreement; |
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| 3.1.    | The      services of MELPAR shall include: |
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|  | -            | Examine      the full potential for ALTAIRNANO business in the region and develop a      Pan-European model to grow the business, primarily through geographic      expansion, strategic partnerships, potential service models, acquisition      opportunities; |
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|  | -            | Assisting      the CEO and Management Team in its leading and managing of ALTAIRNANO's      activities in Europe toward its primary objectives, especially growth of      sales revenues, operating income, return on assets and customer      satisfaction; |
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|  | -            | Assist      the CEO and senior management teams, to develop and enhance corporate      strategy; |
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|  | -            | Assist      the CEO to identify, investigate and acquire intellectual property, and      synergistic companies; |
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|  | -            | Develop      and drive the implementation of the sales and marketing strategy and      action plans at European level, including market research, industry trends      and the competition, with responsibility for the marketing plan, pricing,      new product launch plans, development of brand communication, customer      service, etc. |
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|  | -            | Focus      on the customer needs, provide solutions (products, systems and      services...) and develop strong partnerships with key distributors &      manufacturers, solidifying a commercial network where      appropriate; |
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|  | -            | Advise      the CEO and Management Team on important regional developments and develop      new marketing and sales concepts or strategies in response to      opportunities; |
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| 3.2.       | MELPAR      agrees, during the period he provides Services under this Agreement to      ALTAIRNANO, to exercise its activities pursuant to this Agreement in the      sole interest of ALTAIRNANO, and this in view of the development and the      stimulation of the profitability ofALTAIRNANO. |
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| 3.3.       | The      services will be performed during no less than 200 working days per      year. |
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| 3.4.       | MELPAR      undertakes to execute the Services in the approved manner, to safeguard      ALTAIRNANO's interests and to act loyally and in good faith. MELPAR      undertakes to report in writing, on a regular basis, relating to the      Services rendered. |
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| 3.5.       | MELPAR      shall, for the supply of the Services provided for in this Agreement,      place Rik DOBBELAERE (hereafter referred to as "In-charge Person") at the      disposal of ALTAIRNANO. |
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| 4.1.      | Within      the scope of this Agreement MELPAR nor the In-charge person shall be under      the ALTAIRNANO's authority. |
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| 4.2.      | All      and any documents exchanged, correspondence and negotiations carried on      between ALTAIRNANO and MELPAR shall be considered indispensable      instruments enabling the parties to perform their tasks in accordance with      their engagements. Under no circumstances shall they be construed as      evidence for any authority of ALTAIRNANO over  MELPAR. |
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| 4.3.      | MELPAR      shall comply with the legal social, fiscal and commercial obligations      applicable to independent enterprises (contributions in the field of      social security, advance levy on professional income, VAT, Crossroads Bank      for Entreprises, ...). |
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| 5.1.      | The      present Agreement is concluded for an indefinite duration. Each party can      terminate the agreement observing a notice period of 3 months by means of      a registered letter. |
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| 5.2.      | Each      party is entitled to terminate the present Agreement by law and with      immediate effect if the other party should seriously infringe its      contractual obligations and fails to correct or to stop this infringement      upon receipt of a written reminder in which the defaulting party is      requested to correct or to stop the infringement within 10 days as from      the receipt thereof. |
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| 5.3.      | Any      notice or termination of the present Agreement shall be effected by means      of a registered letter. |
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| 6.1.      | In consideration for the      Services, MELPAR shall be paid immediately upon receipt of the invoice sub.      article 7.2. a sum of EUR 22.000,00, VAT excl., on a monthly basis (the"      Monthly      Consideration"). |
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| 6.2.      | MELPAR      shall issue at the beginning of each month, starting from the first month      after the date of execution of this Agreement, an invoice with regard to      the installments specified in article 7.1. pertaining to such      month. |
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| 6.3.      | MELPAR      shall also be entitled to a yearly bonus via Aitairnano Incentive Bonus      Plan of 60 % . |
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| 6.4.      | ALTAIRNANO      shall reimburse the specific expenses at its expense and incurred by      MELPAR in the performance of the Services upon the production of      supporting written proof. |
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| 6.5.      | Any      amount due and not paid on due date will likewise automatically bear      interest of 10% a year, acquired day byday. |
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| 7.1.      | In      the event of termination of the present Agreement in accordance with the      above Article 5, MELPAR shall return all and any documents which have been      put at his disposal by ALTAIRNANO or with the latter's approval, to      ALTAIRNANO within .. days as from the termination of the present Agreement      at the latest. |
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| 7.2.      | The      termination of the present Agreement for whatever reason shall not      prejudice the rights acquired by eachparty. |
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| 8.1.      | MELPAR      recognizes and agrees to sign ALTAIRNANO's Confidential Information, Non      solicitation, Invention and Arbitration Agreement for an Independent      Service Provider (separate document) prior to commencement of any work      under this agreement. |
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| 8.2.      | However,      if the content of the agreement sub. article 9.1. should be contrary to      the stipulations of the undersigned Agreement, the latter shall      prevail. |
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| 9.1.      | MELPAR      represents, warrants and covenants that (1) MELPAR is not bound by any non      competition, confidentiality or similar covenant designed to protect the      business and property of another person that would prohibit or restrict      Service Company's performance of the Services hereunder, (2) MELPAR has      the full and unrestricted right to disclose any and all information,      knowledge or data disclosed or to be disclosed to ALTAIRNANO in the course      of performing the Services, and (3) ALTAIRNANO shall have the full and      unrestricted right and license to use, disseminate and publish all such      information, knowledge and data as it may see fit, subject only to such      prior rights of others as may be disclosed to ALTAIRNANO at the time the      respective information, knowledge or data is disclosed to      ALTAIRNANO. |
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| 9.2.       | ALTAIRNANO      and MELPAR further agree, and MELPAR covenants as  follows: |
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|   | a)     | During the term of      this Agreement and for a period of twelve (12) months      following termination or expiration of this Agreement, (the "Restricted      Period"), MELPAR shall not, directly or indirectly, hire or solicit any      person who is or within the preceding twelve (12) months has been an      employee of ALTAIRNANO. |
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|   |   |                                                                                                                                                                                                                                                                                                                                           |
|   | b)     | During the      Restricted Period, Service Company shall not, directly or indirectly,      call upon, solicit, divert or attempt to solicit or to divert any of the      customers, suppliers or business contacts of      ALTAIRNANO.                                                                                                         |

| 10.1.     | Any      notice required to be given pursuant to this Agreement shall be in writing      and mailed by certified or registered mail, return receipt requested, or      delivered by a national overnight express service such as DI-11_, or by      telefax communication with an acknowledgment by the    recipient. |
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| 10.2.     | Notices      shall be delivered to the address or facsimile number set out in the      preamble of this Agreement unless, provided that any party may change the      address or facsimile number to which notice or payment is to be made by      written notice to the other party under any provision of this      Section. |
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| 11.1.     | If      any part or any clause of the present Agreement is for whatever reason      found to be invalid or unenforceable, the remaining parts or clauses shall      not be affected by this and shall remain valid and enforceable as if the      invalid      or unenforceable parts or clauses were not part of the present      Agreement. |
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| 11.2.     | Any      such part or clause shall be replaced by a provision which, inasmuch as      this is legally possible, comes closest to what the parties aimed at in      the part or clause concerned. |
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| 13.1.     | The      present Agreement constitute the entire agreement between the parties as      regards the subject matter of the present Contract and replace any      previous negotiations andagreements. |
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| 13.2.     | Unless      if explicitly otherwise provided in the present Agreement the latter can      only be modified or amended by means of a written agreement signed by duly      authorized representatives of bothparties. |
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| 14.1.     | The      present Agreement shall be governed by and construed according to Belgian      law. |
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| 14.2.     | The      courts of Brussels shall have exclusive jurisdiction over any dispute      ensuing from the present Agreement between the  parties. |
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| /s/      Alan GotcherFor      ALTAIRNANOAlan      Gotcher, CEO Feb      11, 2008 | /s/      signatureFOR MELPAR |
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|   |   | BVBA      MELPARKammestraat      73071      ERPS-KWERPS  Reno,      23 January 2008 |
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| /s/ Alan      GotcherAlan      Gotcher, CEOAltairnano | /s/      signature |
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