CONSULTING AGREEMENT

      This Consulting  Agreement (this  "Agreement") dated as of December__,
2005  (the  "Effective  Date"),  is by and  between  Glenn A.  Little,  with
offices  at  211  West  Wall  Street,   Midland,  Texas  ("Consultant")  and
Parallel Technologies, Inc., Inc., a Nevada Corporation (the "Company").

                                    RECITALS

      A. The Company desires to retain the Consultant for the term set forth in
this Agreement to assure itself of the services of the Consultant, and the
Consultant is willing to be retained by the Company for the term on the terms
and conditions set forth below.

      B. The Consultant desires to provide the services under this Agreement and
represents that he is qualified to perform such services.

      NOW, THEREFORE, in consideration of the mutual promises, covenants and
agreements hereinafter set forth, the parties agree as follows:

      1. Retention of the Consultant. Subject to the terms and conditions set
forth in this Agreement, the Company hereby retains the Consultant to perform
the services set forth in this Agreement, and the Consultant accepts this
retention on the terms and conditions set forth in this Agreement.

      2. Term. The term of this Agreement shall commence on the Effective Date
and continue for 12 months from the Effective Date.

      3. Scope of Work. The services to be performed by the Consultant under
this Agreement (the "Work") shall consist of providing advice, information and
true and correct copies of documents regarding the Company's historical records
and operations to its auditors, attorneys, officers and directors, and signing
such documents, as they may reasonably request and providing information to the
extent the requested information is reasonably available to Consultant. The
Consultant shall not be required to work a specific number of hours during any
time period nor shall the Consultant be required to travel in connection with
the performance of the Work; provided, however, the Consultant shall respond
within a reasonable amount of time after receipt of any such request for
information or documents. The Company shall reimburse the Consultant for all
reasonable expenses incurred in connection with copying and sending documents or
other requested materials.

      4. Compensation and Payment.

            4.1 In consideration of Consultant's agreement to perform the Work,
Consultant shall receive a warrant which shall be convertible, upon the
occurrence of a reverse stock split, into 0.4% of the common stock of the
Company (the "Stock") outstanding immediately after the reverse stock split. For
the purposes of clarity, the Company is to enter into a series of transactions
to effect, or have substantially the effect of a reverse merger with

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Dalian Fushi Bimetallic Manufacturing Company, Ltd. (the "Reverse Merger").
Following the Reverse Merger, the Company will accomplish a reverse stock split
such that, upon conversion of all Company preferred stock, there shall be
approximately 20,000,000 shares of Company common stock outstanding. The
exercise price of the warrant shall be $0.01 per share and the warrant shall
have a term of five years. The form of warrant to be issued to Consultant is
annexed hereto as Exhibit A.

            4.2 Whenever the Company shall propose to file a registration
statement under the Securities Act of 1933, as amended, relating to the public
offering of Company common stock for sale for cash for its own account, or a
re-sale registration statement for the sale of stock held by other shareholders
or by employees or consultants to the Company (a "Registration Statement"), the
Company shall give written notice to Consultant at least fifteen (15) business
days prior to the anticipated filing thereof, specifying the approximate date on
which the Company proposes to file such Registration Statement and the intended
method of distribution in connection therewith, and advising the Consultant of
his right to have any or all of the Registrable Securities, as defined below,
then held by Consultant included among the securities to be covered by such
Registration Statement (the "Piggy-Back Rights"). For the purposes of this
Section, "Registrable Securities" shall mean all common stock issuable to
Consultant, upon exercise of the warrant received by him pursuant to the terms
of this Agreement.

      5. Independent Contractor. The Consultant agrees to perform his services
hereunder as an independent contractor and not as an employee of the Company,
its subsidiaries or affiliates. The Consultant is not granted any right or
authority or responsibility, expressed, implied or apparent, on behalf of or in
the name of the Company to bind, or act on behalf of, the Company.

      6. Confidential Information. (a) All information which the Consultant may
now possess, may obtain during or after the term of this Agreement, or may
create prior to the end of the term of this Agreement relating to the business
of the Company or its subsidiaries or of any of their respective customers or
vendors (collectively, the Confidential Information) shall be the property of
the Company and shall not be published, disclosed, or made accessible by it to
any other person, firm or corporation either during or after the term of this
Agreement or used by it, except during the term of this Agreement in the
business and for the benefit of the Company without the prior written consent of
the Company. The Consultant shall return all tangible evidence of such
Confidential Information to the Company prior to or at the end of the term of
this Agreement.

      (b) Section 6(a) does not apply to information that is presently a matter
of public knowledge, which is or becomes available on a non-confidential basis
from a source which is not known to be prohibited from disclosing such
information, or which was legally in the Consultant's possession without
obligation of confidentiality prior to disclosure by the Company.

      (c) In the event that the Consultant is requested or required by legal or
regulatory authority to disclose any Confidential Information, the Consultant
shall promptly notify the Company of such request or requirement prior to
disclosure so that the Company, its subsidiaries or affiliates may seek an
appropriate protective order and/or waive compliance with the terms of this
Agreement.

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<PAGE>

      (d) The Company and the Consultant acknowledge that the Company, its
subsidiaries or affiliates would not have an adequate remedy at law for money
damages if the covenants contained in this provision were breached. Accordingly,
the Company, its subsidiaries or affiliates shall be entitled to an injunction
restraining the Consultant from violating this Section 6.

       7. Modifications. No amendment or modification to this Agreement shall
be effective unless made in writing.

       8. Assignment. This Agreement and all of the Consultant's rights, duties
and obligations under this Agreement are personal in nature and shall not be
subcontracted, assigned, delegated or otherwise disposed of by the Consultant
without the prior written consent of the Company.

       9. Notice. All notices required under this Agreement shall be deemed
given when sent by overnight courier or registered or certified mail, or when
sent by telecopy, telegraph or other graphic, electronic means and confirmed by
overnight courier or registered or certified mail addressed to the address set
forth in the preamble to this Agreement. Either party shall have the right to
change the address or name of the person to whom such notices are to be
delivered by notice to the other party.

      10. Law and Venue. This Agreement shall be governed in all respects by and
construed in accordance with the laws of the State of New York without regard to
conflicts of law provisions. Any litigation between the parties shall be
conducted in the state or federal courts of the State of New York.

      11. Waiver of Trial by Jury. The Company and the Consultant hereby
knowingly, voluntarily and intentionally waive the right to a trial by jury with
respect to any litigation based hereon, or arising out of, under or in
connection with this agreement. This provision is a material inducement for the
parties entering into this agreement.

      12. Headings. The headings in this Agreement are provided for convenience
of reference only and shall not affect the construction of the text of this
Agreement.

      13. Non-Waiver. No waiver of any provision of this Agreement shall be
deemed to be nor shall constitute a waiver of any other provision, whether or
not similar, nor shall any waiver constitute a continuing waiver. No waiver
shall be binding unless executed in writing by the party making the waiver.

      14. Cumulative Remedies. All rights and remedies of the parties under this
Agreement shall be cumulative, and the exercise of any one right or remedy shall
not bar the exercise of any other right or remedy.

      15. Severability. If any provision of this Agreement shall be held or
deemed to be invalid, inoperative or unenforceable, such circumstances shall not
affect the validity of any other provision of this Agreement.

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<PAGE>

      16. Survival. The obligations of the parties hereunder which by their
nature survive the termination of this Agreement and/or the completion of the
Work hereunder, shall survive and inure to the benefit of the parties. Those
provisions of this Agreement which provide for the limitation of or protection
against liability shall apply to the full extent permitted by law and shall
survive termination of this Agreement and/or completion of the Work.

      17. Complete Agreement. This Agreement constitutes the entire and final
agreement and supersedes all prior and contemporaneous agreements,
representations, warranties and understandings of the parties, whether oral,
written or implied with respect to the subject matter hereof. The inclusion of
this provision has been a material inducement for each of the parties to enter
into this Agreement.

      18. Publicity. The Consultant shall not make any public disclosures
regarding the Company, its subsidiaries or affiliates or the project for which
he is performing the Work without the prior approval of the Company.

      The parties have executed this Agreement effective as of the day and year
first above written.

PARALLEL TECHNOLOGIES, INC.

By:__________________________



_____________________________
Glenn A. Little








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<PAGE>

                                    EXHIBIT A

      THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT
      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THEY MAY NOT BE SOLD,
      OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT
      PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT
      OF 1933, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT
      REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO
      RULE 144 UNDER SUCH ACT.

                        WARRANT TO PURCHASE COMMON STOCK
                                       of
                           PARALLEL TECHNOLOGIES, INC.

      This Warrant (the "Warrant") is issued to Glenn A. Little ("Holder") by
Parallel Technologies, Inc., a Nevada Corporation (the "Company"), on
December__, 2005 (the "Warrant Issue Date") for the consideration stated in the
Consulting Agreement between the Company and Holder dated December __, 2005,
receipt of which is hereby acknowledged.

      1. Purchase Shares. Subject to the terms and conditions hereinafter set
forth, the Holder is entitled, upon surrender of this Warrant at the principal
office of the Company (or at such other place as the Company shall notify the
Holder hereof in writing), to purchase from the Company _______ shares of Common
Stock of the Company (the "Warrant Shares") at the Exercise Price (defined
below), subject to adjustment as provided in Section 7 below.

      2. Exercise Price. The exercise price for the Warrant Shares shall be
$0.01 per Warrant Share, as adjusted from time to time pursuant to Section 8
hereof (the "Exercise Price").

      3. Exercise Period. This Warrant shall be exercisable, in whole or in
part, during the term commencing on the Warrant Issue Date and ending on the
earlier of (i) the fifth anniversary of the date hereof, (ii) immediately
preceding a Change of Control. The term "Change of Control" shall mean (a) the
acquisition of the Company pursuant to a consolidation of the Company with or
merger of the Company with or into any other person in which the Company is not
the surviving corporation (other than a reincorporation);(b) the sale of all or
substantially all of the assets of the Company to any other person. In the event
of a Change of Control, the Company shall provide the Holder with thirty (30)
days' prior written notice of the event constituting the Change of Control.
Further, in the event of a Change of Control whereby (i) the consideration to be
received by Holder in the event of Change of Control in respect of the Common
Stock exceeds the exercise price of the Warrant, and (ii) Holder has not
notified the Company of Holder's intent to exercise the Warrant within the 30
days' notice provision contained in this Section 3, then, the Warrant shall be
deemed automatically exercised as of the closing of the event constituting the
Change of Control.

      4. Method of Exercise. While this Warrant remains outstanding and
exercisable in accordance with Section 3 above, the Holder may exercise, in
whole or in part, the purchase rights evidenced hereby. Such exercise shall be
effected by:

            (a) the surrender of the Warrant, together with a duly executed copy
      of the form of Notice of Exercise attached hereto, to the Secretary of the
      Company at its principal offices; and

            (b) the payment to the Company of an amount equal to the aggregate
      Exercise Price for the number of Warrant Shares being purchased.

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<PAGE>

      5. Certificates for Shares. Upon the exercise of the purchase rights
evidenced by this Warrant, one or more certificates for the number of Warrant
Shares so purchased shall be issued as soon as practicable thereafter (with
appropriate restrictive legends, if applicable), and in any event within thirty
(30) days of the delivery of the notice of exercise.

      6. Issuance of Shares. The Company covenants that the Warrant Shares, when
issued pursuant to the exercise of this Warrant, will be duly and validly
issued, fully paid and nonassessable and free from all taxes, liens, and charges
with respect to the issuance thereof.

      7. Adjustment of Exercise Price and Kind and Number of Shares. The number
and kind of securities purchasable upon exercise of this Warrant and the
Exercise Price shall be subject to adjustment from time to time as follows:

            (a) Subdivisions, Combinations and Other Issuances. If the Company
      shall at any time prior to the expiration of this Warrant (i) subdivide
      its Common Stock, by split-up or otherwise, or combine its Common Stock,
      (ii) issue additional shares of its Common Stock or other equity
      securities as a dividend with respect to any shares of its Common Stock,
      or (iii) declare a cash dividend with respect to any shares of its Common
      Stock, the number of shares of Common Stock issuable on the exercise of
      this Warrant shall forthwith be proportionately increased in the case of a
      subdivision or stock or cash dividend, or proportionately decreased in the
      case of a combination. Appropriate adjustments shall also be made to the
      purchase price payable per share, but the aggregate purchase price payable
      for the total number of Warrant Shares purchasable under this Warrant (as
      adjusted) shall remain the same. Any adjustment under this Section 8(a)
      shall become effective at the close of business on the date the
      subdivision or combination becomes effective, or as of the record date of
      such dividend, or in the event that no record date is fixed, upon the
      making of such dividend.

            (b) Reclassification, Reorganization and Consolidation. In case of
      any reclassification, capital reorganization, or change in the Common
      Stock of the Company (other than as a result of a subdivision,
      combination, or stock dividend provided for in Section 7(a) above), then,
      as a condition of such reclassification, reorganization, or change, lawful
      provision shall be made, and duly executed documents evidencing the same
      from the Company or its successor shall be delivered to the Holder, so
      that the Holder shall have the right at any time prior to the expiration
      of this Warrant to purchase, at a total price equal to that payable upon
      the exercise of this Warrant (subject to adjustment of the Exercise Price
      as provided in Section 7), the kind and amount of shares of stock and
      other securities and property receivable in connection with such
      reclassification, reorganization, or change by a Holder of the same number
      of shares of Common Stock as were purchasable by the Holder immediately
      prior to such reclassification, reorganization, or change. In any such
      case appropriate provisions shall be made with respect to the rights and
      interest of the Holder so that the provisions hereof shall thereafter be
      applicable with respect to any shares of stock or other securities and
      property deliverable upon exercise hereof, and appropriate adjustments
      shall be made to the purchase price per share payable hereunder, provided
      the aggregate purchase price shall remain the same.

            (c) Notice of Adjustment. When any adjustment is required to be made
      in the number or kind of shares purchasable upon exercise of the Warrant,
      or in the Exercise Price, the Company shall promptly notify the Holder of
      such event and of the number of shares of Common Stock or other securities
      or property thereafter purchasable upon exercise of this Warrant.

            (d) Issuance of New Warrant. Upon the occurrence of any of the
      events listed in this Section 7 that results in an adjustment of the type,
      number or exercise price of the securities underlying this Warrant, the
      Holder shall have the right to receive a new warrant reflecting such
      adjustment upon the Holder tendering this Warrant in exchange. The new
      warrant shall otherwise have terms identical to this Warrant.

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<PAGE>

      8. Reservation of Shares. Pursuant to the terms and conditions of this
Warrant, Company shall reserve an appropriate number of shares of Company's
Common Stock to facilitate the issuance of Warrant Shares to Holder pursuant to
this Warrant.

      9. No Fractional Shares or Scrip. No fractional shares or scrip
representing fractional shares shall be issued upon the exercise of this
Warrant, but in lieu of such fractional shares the Company shall make a cash
payment therefor on the basis of the Exercise Price then in effect.

      10. No Stockholder Rights. Prior to exercise of this Warrant, the Holder
shall not be entitled to any rights of a stockholder with respect to the shares
of Common Stock issuable on the exercise hereof, including (without limitation)
the right to vote such shares of Common Stock, receive dividends or other
distributions thereon, exercise preemptive rights or be notified of stockholder
meetings, and such Holder shall not be entitled to any notice or other
communication concerning the business or affairs of the Company. However,
nothing in this Section 10 shall limit the right of the Holder to be provided
the Notices required under this Warrant.

      11. Successors and Assigns. The terms and provisions of this Warrant shall
inure to the benefit of, and be binding upon, the Company and the Holder and
their respective successors and assigns.

      12. Notices. All notices required under this Warrant shall be deemed to
have been given or made for all purposes (i) upon personal delivery, (ii) one
day after being sent, when sent by professional overnight courier service, or
(iii) five days after posting when sent by registered or certified mail. Notices
to the Company shall be sent to the principal office of the Company (or at such
other place as the Company shall notify the Holder hereof in writing). Notices
to the Holder shall be sent to the address of the Holder on the books of the
Company (or at such other place as the Holder shall notify the Company hereof in
writing).

      13. Captions. The section and subsection headings of this Warrant are
inserted for convenience only and shall not constitute a part of this Warrant in
construing or interpreting any provision hereof.

      14. Governing Law. This Warrant shall be governed by the laws of the State
of New York as applied to agreements among New York residents made and to be
performed entirely within the State of New York.

      IN WITNESS WHEREOF, Parallel Technologies, Inc. caused this Warrant to be
executed by an officer thereunto duly authorized.

                                          PARALLEL TECHNOLOGIES, INC.

                                          By:__________________________

                                          Name:________________________

                                          Address:_____________________

                                          _____________________________

                                          Fax Number: _________________




                               NOTICE OF EXERCISE

To:_________________

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<PAGE>

            The undersigned hereby elects to purchase _________________ shares
of Common Stock of Parallel Technologies, Inc., pursuant to the terms of the
attached Warrant and payment of the Exercise Price per share required under such
Warrant accompanies this notice.

            The undersigned hereby represents and warrants that the undersigned
is acquiring such shares for its own account for investment purposes only, and
not for resale or with a view to distribution of such shares or any part
thereof.

                                    WARRANTHOLDER:

                                    __________________________________________


                                    By:__________________________
                                       [NAME]

                              Address:___________________________
                              ___________________________________
                              ___________________________________


Date:____________________

Name in which shares should be registered:_______________________














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