Document:

EX-10.2

                          REGISTRATION RIGHTS AGREEMENT

     REGISTRATION RIGHTS AGREEMENT (this "Agreement"), dated as of October  ___,
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2004  by  and  between CHINA WORLD TRADE CORPORATION, a Nevada corporation, with
its  principal  office  located  at _______________________ (the "Company"), and
                                                                  -------
CORNELL  CAPITAL  PARTNERS, LP, a Delaware limited partnership (the "Investor").
                                                                     --------

WHEREAS:

A.     In  connection  with  the  Standby  Equity  Distribution Agreement by and
between  the  parties  hereto  of  even  date  herewith  (the  "Standby  Equity
                                                                ---------------
Distribution  Agreement"), the Company has agreed, upon the terms and subject to
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the  conditions  of the Standby Equity Distribution Agreement, to issue and sell
to  the  Investor that number of shares of the Company's common stock, par value
US$_____  per share (the "Common Stock"), which can be purchased pursuant to the
                          ------------
terms  of  the  Standby  Equity Distribution Agreement for an aggregate purchase
price  of  up  to Thirty Million  U.S. Dollars ($30,000,000).  Capitalized terms
not defined herein shall have the meaning ascribed to them in the Standby Equity
Distribution  Agreement.

B.     To  induce  the  Investor  to  execute  and  deliver  the  Standby Equity
Distribution  Agreement,  the Company has agreed to provide certain registration
rights  under  the  Securities  Act  of  1933,  as  amended,  and  the rules and
regulations  thereunder,  or  any  similar  successor statute (collectively, the
"1933  Act"),  and  applicable  state  securities  laws.
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NOW,  THEREFORE,  in  consideration  of  the  premises  and the mutual covenants
contained  herein  and  other  good  and valuable consideration, the receipt and
sufficiency  of  which  are  hereby  acknowledged,  the Company and the Investor
hereby  agree  as  follows:

1.     DEFINITIONS.
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     As  used  in  this  Agreement, the following terms shall have the following
meanings:

a.     "Person"  means  a  corporation,  a  limited  liability  company,  an
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association,  a  partnership,  an  organization,  a  business,  an individual, a
governmental  or  political  subdivision  thereof  or  a  governmental  agency.

b.     "Register,"  "registered,"  and  "registration"  refer  to a registration
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effected by preparing and filing one or more Registration Statements (as defined
below)  in  compliance with the 1933 Act and pursuant to Rule 415 under the 1933
Act  or  any successor rule providing for offering securities on a continuous or
delayed  basis ("Rule 415"), and the declaration or ordering of effectiveness of
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such  Registration  Statement(s)  by  the  United States Securities and Exchange
Commission  (the  "SEC").
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c.     "Registrable  Securities"  means the Investor's Shares, as defined in the
        -----------------------
Standby  Equity  Distribution  Agreement  and shares of Common Stock issuable to
Investors  pursuant  to  the  Standby  Equity  Distribution  Agreement.

d.     "Registration  Statement"  means  a registration statement under the 1933
        -----------------------
Act  which  covers  the  Registrable  Securities.

2.     REGISTRATION.
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a.     Mandatory  Registration.  The Company shall prepare and file with the SEC
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a  Registration  Statement  on  Form  S-1,  SB-2  or  on  such  other form as is
available.  The  Company  shall cause such Registration Statement to be declared
effective  by  the  SEC prior to the first sale to the Investor of the Company's
Common  Stock  pursuant  to  the  Standby  Equity  Distribution  Agreement.

b.     Sufficient  Number  of  Shares  Registered.  In  the  event the number of
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shares  available  under a Registration Statement filed pursuant to Section 2(a)
is  insufficient  to  cover all of the Registrable Securities which the Investor
has purchased pursuant to the Standby Equity Distribution Agreement, the Company
shall amend the Registration Statement, or file a new Registration Statement (on
the  short form available therefore, if applicable), or both, so as to cover all
of  such Registrable Securities which the Investor has purchased pursuant to the
Standby  Equity  Distribution Agreement as soon as practicable, but in any event
not  later  than  fifteen  (15)  days after the necessity therefore arises.  The
Company  shall  use  it  best  efforts  to  cause  such  amendment  and/or  new
Registration  Statement to become effective as soon as practicable following the
filing  thereof.  For  purposes of the foregoing provision, the number of shares
available  under a Registration Statement shall be deemed "insufficient to cover
all  of  the  Registrable  Securities"  if at any time the number of Registrable
Securities  issuable  on  an  Advance  Notice Date is greater than the number of
shares  available  for  resale  under  such  Registration  Statement.

3.     RELATED  OBLIGATIONS.
       --------------------

a.     The  Company  shall keep the Registration Statement effective pursuant to
Rule  415  at all times until the date on which the Investor shall have sold all
the  Registrable  Securities  covered  by  such  Registration  Statement  (the
"Registration  Period"),  which Registration Statement (including any amendments
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or supplements thereto and prospectuses contained therein) shall not contain any
     untrue  statement  of  a  material  fact  or  omit to state a material fact
required  to  be stated therein, or necessary to make the statements therein, in
light  of  the  circumstances  in  which  they  were  made,  not  misleading.

b.     The  Company  shall  prepare  and  file  with  the  SEC  such  amendments
(including  post-effective  amendments)  and  supplements  to  a  Registration
Statement  and  the  prospectus  used  in  connection  with  such  Registration
Statement,  which  prospectus  is  to  be filed pursuant to Rule 424 promulgated
under  the  1933  Act,  as  may be necessary to keep such Registration Statement
effective  at all times during the Registration Period, and, during such period,
comply  with  the  provisions of the 1933 Act with respect to the disposition of
all Registrable Securities of the Company covered by such Registration Statement
until  such  time as all of such Registrable Securities shall have been disposed
of  in  accordance  with  the  intended  methods of disposition by the seller or
sellers  thereof  as  set  forth in such Registration Statement.  In the case of
amendments  and supplements to a Registration Statement which are required to be
filed  pursuant  to  this Agreement (including pursuant to this Section 3(b)) by
reason  of the Company's filing a report on Form 10-KSB, Form 10-QSB or Form 8-K
or  any  analogous  report under the Securities Exchange Act of 1934, as amended
(the  "1934  Act"), the Company shall have incorporated such report by reference
       ---------
into the Registration Statement, if applicable, or shall file such amendments or
supplements  with  the SEC on the same day on which the 1934 Act report is filed
which  created  the  requirement  for  the  Company  to  amend or supplement the
Registration  Statement.

c.     The  Company  shall  furnish to the Investor without charge, (i) at least
one copy of such Registration Statement as declared effective by the SEC and any
amendment(s)  thereto,  including  financial  statements  and  schedules,  all
documents  incorporated  therein by reference, all exhibits and each preliminary
prospectus,  (ii)  ten  (10)  copies  of  the  final prospectus included in such
Registration Statement and all amendments and supplements thereto (or such other
number  of  copies as such Investor may reasonably request) and (iii) such other
documents  as such Investor may reasonably request from time to time in order to
facilitate the disposition of the Registrable Securities owned by such Investor.

d.     The  Company  shall  use its best efforts to (i) register and qualify the
Registrable  Securities  covered  by  a  Registration Statement under such other
securities  or "blue sky" laws of such jurisdictions in the United States as the
Investor reasonably requests, (ii) prepare and file in those jurisdictions, such
amendments  (including  post-effective  amendments)  and  supplements  to  such
registrations  and  qualifications  as  may  be  necessary  to  maintain  the
effectiveness  thereof  during  the  Registration  Period, (iii) take such other
actions as may be necessary to maintain such registrations and qualifications in
effect  at  all  times  during  the Registration Period, and (iv) take all other
actions  reasonably necessary or advisable to qualify the Registrable Securities
for sale in such jurisdictions; provided, however, that the Company shall not be
required  in  connection  therewith  or  as  a condition thereto to (w) make any
change  to  its  certificate  of  incorporation  or  by-laws,  (x) qualify to do
business in any jurisdiction where it would not otherwise be required to qualify
but  for  this  Section 3(d), (y) subject itself to general taxation in any such
jurisdiction,  or  (z)  file a general consent to service of process in any such
jurisdiction.  The  Company shall promptly notify the Investor of the receipt by
the  Company  of  any  notification  with  respect  to  the  suspension  of  the
registration  or  qualification  of  any  of the Registrable Securities for sale
under the securities or "blue sky" laws of any jurisdiction in the United States
or  its  receipt  of actual notice of the initiation or threat of any proceeding
for  such  purpose.

e.     As  promptly  as  practicable  after  becoming  aware  of  such  event or
development,  the  Company shall notify the Investor in writing of the happening
of  any  event  as  a  result of which the prospectus included in a Registration
Statement, as then in effect, includes an untrue statement of a material fact or
omission  to state a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were
made,  not  misleading  (provided that in no event shall such notice contain any
material, nonpublic information), and promptly prepare a supplement or amendment
to such Registration Statement to correct such untrue statement or omission, and
deliver  ten  (10) copies of such supplement or amendment to each Investor.  The
Company shall also promptly notify the Investor in writing (i) when a prospectus
or  any  prospectus  supplement  or post-effective amendment has been filed, and
when  a  Registration  Statement  or  any  post-effective  amendment  has become
effective (notification of such effectiveness shall be delivered to the Investor
by  facsimile on the same day of such effectiveness), (ii) of any request by the
SEC  for  amendments  or  supplements  to  a  Registration  Statement or related
prospectus  or  related  information,  and  (iii)  of  the  Company's reasonable
determination  that a post-effective amendment to a Registration Statement would
be  appropriate.

f.     The  Company  shall  use  its best efforts to prevent the issuance of any
stop  order or other suspension of effectiveness of a Registration Statement, or
the  suspension  of  the  qualification of any of the Registrable Securities for
sale  in  any  jurisdiction  within the United States of America and, if such an
order  or  suspension  is  issued,  to  obtain  the  withdrawal of such order or
suspension  at  the  earliest  possible moment and to notify the Investor of the
issuance  of  such  order  and  the  resolution thereof or its receipt of actual
notice  of  the  initiation  or  threat  of  any  proceeding  for  such purpose.

g.     At  the  reasonable request of the Investor, the Company shall furnish to
the Investor, on the date of the effectiveness of the Registration Statement and
thereafter  from  time  to  time  on  such  dates as the Investor may reasonably
request  (i) a letter, dated such date, from the Company's independent certified
public  accountants in form and substance as is customarily given by independent
certified public accountants to underwriters in an underwritten public offering,
and  (ii) an opinion, dated as of such date, of counsel representing the Company
for  purposes of such Registration Statement, in form, scope and substance as is
customarily given in an underwritten public offering, addressed to the Investor.

h.     The  Company  shall make available for inspection by (i) the Investor and
(ii)  one  firm  of  accountants  or  other  agents  retained  by  the  Investor
(collectively,  the "Inspectors") all pertinent financial and other records, and
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pertinent  corporate  documents and properties of the Company (collectively, the
"Records"), as shall be reasonably deemed necessary by each Inspector, and cause
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the  Company's officers, directors and employees to supply all information which
any  Inspector  may  reasonably  request; provided, however, that each Inspector
shall  agree,  and  the Investor hereby agrees, to hold in strict confidence and
shall  not  make  any disclosure (except to an Investor) or use of any Record or
other information which the Company determines in good faith to be confidential,
and  of  which  determination  the  Inspectors  are  so notified, unless (a) the
disclosure  of  such  Records is necessary to avoid or correct a misstatement or
omission  in  any Registration Statement or is otherwise required under the 1933
Act,  (b)  the  release  of  such  Records  is  ordered  pursuant  to  a  final,
non-appealable  subpoena  or  order from a court or government body of competent
jurisdiction,  or  (c)  the  information in such Records has been made generally
available  to  the  public  other than by disclosure in violation of this or any
other  agreement  of  which  the  Inspector and the Investor has knowledge.  The
Investor  agrees that it shall, upon learning that disclosure of such Records is
sought  in  or  by  a  court  or  governmental body of competent jurisdiction or
through other means, give prompt notice to the Company and allow the Company, at
its  expense,  to  undertake  appropriate action to prevent disclosure of, or to
obtain  a  protective  order  for,  the  Records  deemed  confidential.

i.     The  Company  shall  hold  in  confidence  and not make any disclosure of
information  concerning  the  Investor  provided  to  the  Company  unless  (i)
disclosure  of  such  information  is  necessary to comply with federal or state
securities  laws,  (ii) the disclosure of such information is necessary to avoid
or  correct  a misstatement or omission in any Registration Statement, (iii) the
release  of  such  information is ordered pursuant to a subpoena or other final,
non-appealable  order  from  a  court  or  governmental  body  of  competent
jurisdiction,  or (iv) such information has been made generally available to the
public  other  than  by  disclosure  in violation of this Agreement or any other
agreement.  The  Company  agrees that it shall, upon learning that disclosure of
such  information  concerning  the  Investor  is  sought  in  or  by  a court or
governmental  body of competent jurisdiction or through other means, give prompt
written  notice  to  the  Investor  and  allow  the  Investor, at the Investor's
expense,  to undertake appropriate action to prevent disclosure of, or to obtain
a  protective  order  for,  such  information.

j.     The  Company  shall  use  its  best  efforts  either  to  cause  all  the
Registrable  Securities  covered by a Registration Statement (i) to be listed on
each  securities exchange on which securities of the same class or series issued
by  the  Company  are  then  listed,  if any, if the listing of such Registrable
Securities  is  then permitted under the rules of such exchange or to secure the
inclusion  for quotation on the National Association of Securities Dealers, Inc.
OTC  Bulletin  Board for such Registrable Securities.  The Company shall pay all
fees  and  expenses  in  connection  with  satisfying  its obligation under this
Section  3(j).

k.     The  Company  shall cooperate with the Investor to the extent applicable,
to  facilitate  the timely preparation and delivery of certificates (not bearing
any  restrictive  legend)  representing the Registrable Securities to be offered
pursuant  to a Registration Statement and enable such certificates to be in such
denominations  or  amounts,  as  the case may be, as the Investor may reasonably
request  and  registered  in  such  names  as  the  Investor  may  request.

l.     The  Company  shall  use  its  best  efforts  to  cause  the  Registrable
Securities  covered  by  the  applicable Registration Statement to be registered
with  or  approved  by such other governmental agencies or authorities as may be
necessary  to  consummate  the  disposition  of  such  Registrable  Securities.

m.     The  Company  shall  make  generally available to its security holders as
soon  as  practical,  but not later than ninety (90) days after the close of the
period  covered  thereby,  an  earnings  statement  (in  form complying with the
provisions  of  Rule  158  under  the  1933  Act) covering a twelve-month period
beginning  not  later  than  the  first day of the Company's fiscal quarter next
following  the  effective  date  of  the  Registration  Statement.

n.     The  Company  shall  otherwise  use  its  best efforts to comply with all
applicable  rules and regulations of the SEC in connection with any registration
hereunder.

o.     Within  two (2) business days after a Registration Statement which covers
Registrable  Securities  is  ordered  effective  by  the  SEC, the Company shall
deliver,  and  shall  cause  legal  counsel  for  the Company to deliver, to the
transfer  agent  for  such  Registrable Securities (with copies to the Investor)
confirmation that such Registration Statement has been declared effective by the
SEC  in  the  form  attached  hereto  as  Exhibit  A.
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p.     The Company shall take all other reasonable actions necessary to expedite
and facilitate disposition by the Investor of Registrable Securities pursuant to
a  Registration  Statement.

4.     OBLIGATIONS  OF  THE  INVESTOR.
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     The  Investor  agrees  that, upon receipt of any notice from the Company of
the  happening  of  any event of the kind described in Section 3(f) or the first
sentence  of  3(e),  the  Investor  will  immediately discontinue disposition of
Registrable  Securities  pursuant to any Registration Statement(s) covering such
Registrable  Securities  until  the  Investor's  receipt  of  the  copies of the
supplemented  or  amended  prospectus contemplated by Section 3(e) or receipt of
notice that no supplement or amendment is required.  Notwithstanding anything to
the  contrary,  the Company shall cause its transfer agent to deliver unlegended
certificates  for  shares  of  Common  Stock  to a transferee of the Investor in
accordance  with  the  terms  of  the  Standby  Equity Distribution Agreement in
connection  with  any  sale  of Registrable Securities with respect to which the
Investor has entered into a contract for sale prior to the Investor's receipt of
a notice from the Company of the happening of any event of the kind described in
Section  3(f)  or  the first sentence of 3(e) and for which the Investor has not
yet  settled.

5.     EXPENSES  OF  REGISTRATION.
       --------------------------

     All  expenses  incurred  in  connection  with  registrations,  filings  or
qualifications  pursuant to Sections 2 and 3, including, without limitation, all
registration,  listing  and  qualifications fees, printers, legal and accounting
fees  shall  be  paid  by  the  Company.

6.     INDEMNIFICATION.
       ---------------

     With respect to Registrable Securities which are included in a Registration
Statement  under  this  Agreement:

a.     To  the  fullest  extent  permitted  by law, the Company will, and hereby
does, indemnify, hold harmless and defend the Investor, the directors, officers,
partners,  employees,  agents,  representatives of, and each Person, if any, who
controls  the Investor within the meaning of the 1933 Act or the 1934 Act (each,
an  "Indemnified  Person"),  against  any  losses, claims, damages, liabilities,
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judgments, fines, penalties, charges, costs, reasonable attorneys' fees, amounts
paid  in  settlement  or  expenses,  joint  or  several (collectively, "Claims")
                                                                        ------
incurred  in  investigating,  preparing  or  defending  any action, claim, suit,
inquiry,  proceeding,  investigation  or  appeal  taken from the foregoing by or
before  any  court  or  governmental, administrative or other regulatory agency,
body  or  the  SEC, whether pending or threatened, whether or not an indemnified
party is or may be a party thereto ("Indemnified Damages"), to which any of them
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may  become  subject  insofar as such Claims (or actions or proceedings, whether
commenced or threatened, in respect thereof) arise out of or are based upon: (i)
any  untrue  statement  or  alleged  untrue  statement  of  a material fact in a
Registration  Statement or any post-effective amendment thereto or in any filing
made  in  connection with the qualification of the offering under the securities
or other "blue sky" laws of any jurisdiction in which Registrable Securities are
offered  ("Blue  Sky  Filing"),  or  the omission or alleged omission to state a
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material  fact required to be stated therein or necessary to make the statements
therein not misleading; (ii) any untrue statement or alleged untrue statement of
a  material  fact contained in any final prospectus (as amended or supplemented,
if  the  Company files any amendment thereof or supplement thereto with the SEC)
or the omission or alleged omission to state therein any material fact necessary
to  make  the statements made therein, in light of the circumstances under which
the  statements  therein  were  made,  not misleading; or (iii) any violation or
alleged  violation  by the Company of the 1933 Act, the 1934 Act, any other law,
including,  without  limitation,  any  state  securities  law,  or  any  rule or
regulation  there  under  relating  to  the  offer  or  sale  of the Registrable
Securities  pursuant  to  a Registration Statement (the matters in the foregoing
clauses (i) through (iii) being, collectively, "Violations").  The Company shall
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reimburse  the  Investor  and  each  such  controlling  person  promptly as such
expenses  are  incurred  and  are  due  and  payable,  for  any  legal  fees  or
disbursements  or  other reasonable expenses incurred by them in connection with
investigating  or  defending  any  such  Claim.  Notwithstanding anything to the
contrary  contained  herein,  the  indemnification  agreement  contained in this
Section  6(a):  (x)  shall not apply to a Claim by an Indemnified Person arising
out of or based upon a Violation which occurs in reliance upon and in conformity
with  information furnished in writing to the Company by such Indemnified Person
expressly  for  use  in  connection  with  the  preparation  of the Registration
Statement  or any such amendment thereof or supplement thereto; (y) shall not be
available  to  the  extent  such  Claim is based on a failure of the Investor to
deliver  or  to  cause  to  be  delivered  the  prospectus made available by the
Company, if such prospectus was timely made available by the Company pursuant to
Section 3(e); and (z) shall not apply to amounts paid in settlement of any Claim
if such settlement is effected without the prior written consent of the Company,
which  consent  shall not be unreasonably withheld.  Such indemnity shall remain
in full force and effect regardless of any investigation made by or on behalf of
the  Indemnified  Person.

b.     In  connection  with  a  Registration  Statement,  the Investor agrees to
indemnify,  hold  harmless and defend, to the same extent and in the same manner
as is set forth in Section 6(a), the Company, each of its directors, each of its
officers  who  signs  the  Registration  Statement  and each Person, if any, who
controls the Company within the meaning of the 1933 Act or the 1934 Act (each an
"Indemnified  Party"),  against any Claim or Indemnified Damages to which any of
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them  may become subject, under the 1933 Act, the 1934 Act or otherwise, insofar
as  such  Claim  or  Indemnified  Damages  arise  out  of  or  is based upon any
Violation,  in  each  case  to  the  extent,  and  only to the extent, that such
Violation  occurs  in  reliance  upon and in conformity with written information
furnished  to  the  Company by the Investor expressly for use in connection with
such  Registration  Statement;  and,  subject to Section 6(d), the Investor will
reimburse  any legal or other expenses reasonably incurred by them in connection
with  investigating  or  defending  any  such Claim; provided, however, that the
indemnity  agreement  contained  in  this  Section  6(b)  and the agreement with
respect  to  contribution contained in Section 7 shall not apply to amounts paid
in  settlement  of  any  Claim  if such settlement is effected without the prior
written  consent  of  the  Investor,  which  consent  shall  not be unreasonably
withheld;  provided,  further,  however, that the Investor shall be liable under
this Section 6(b) for only that amount of a Claim or Indemnified Damages as does
not  exceed  the  net  proceeds  to  the  Investor  as  a  result of the sale of
Registrable  Securities pursuant to such Registration Statement.  Such indemnity
shall remain in full force and effect regardless of any investigation made by or
on  behalf  of such Indemnified Party.  Notwithstanding anything to the contrary
contained  herein,  the indemnification agreement contained in this Section 6(b)
with respect to any prospectus shall not inure to the benefit of any Indemnified
Party  if  the  untrue  statement  or omission of material fact contained in the
prospectus  was  corrected and such new prospectus was delivered to the Investor
prior  to  the  Investor's  use  of  the  prospectus to which the Claim relates.

c.     Promptly  after  receipt  by  an  Indemnified Person or Indemnified Party
under  this  Section 6 of notice of the commencement of any action or proceeding
(including  any  governmental  action  or  proceeding)  involving  a Claim, such
Indemnified  Person or Indemnified Party shall, if a Claim in respect thereof is
to  be  made against any indemnifying party under this Section 6, deliver to the
indemnifying  party  a  written  notice  of  the  commencement  thereof, and the
indemnifying  party  shall  have the right to participate in, and, to the extent
the  indemnifying  party  so  desires, jointly with any other indemnifying party
similarly  noticed,  to  assume  control  of  the  defense  thereof with counsel
mutually  satisfactory  to  the indemnifying party and the Indemnified Person or
the  Indemnified  Party,  as  the  case  may  be;  provided,  however,  that  an
Indemnified  Person  or Indemnified Party shall have the right to retain its own
counsel  with  the  fees  and  expenses  of  not  more than one counsel for such
Indemnified  Person  or  Indemnified Party to be paid by the indemnifying party,
if, in the reasonable opinion of counsel retained by the indemnifying party, the
representation  by  such  counsel of the Indemnified Person or Indemnified Party
and  the  indemnifying  party  would be inappropriate due to actual or potential
differing  interests  between  such  Indemnified Person or Indemnified Party and
any  other party represented by such counsel in such proceeding. The Indemnified
Party or Indemnified Person shall cooperate fully with the indemnifying party in
connection  with  any  negotiation or defense of any such action or claim by the
indemnifying  party  and shall furnish to the indemnifying party all information
reasonably  available  to  the  Indemnified  Party  or  Indemnified Person which
relates  to  such  action  or  claim.  The  indemnifying  party  shall  keep the
Indemnified  Party  or  Indemnified Person fully apprised at all times as to the
status  of  the defense or any settlement negotiations with respect thereto.  No
indemnifying  party  shall  be liable for any settlement of any action, claim or
proceeding  effected  without its prior written consent, provided, however, that
the  indemnifying  party shall not unreasonably withhold, delay or condition its
consent.  No  indemnifying party shall, without the prior written consent of the
Indemnified  Party  or  Indemnified  Person, consent to entry of any judgment or
enter  into  any  settlement  or  other  compromise which does not include as an
unconditional  term  thereof  the  giving  by  the claimant or plaintiff to such
Indemnified  Party  or  Indemnified  Person  of  a release from all liability in
respect  to such claim or litigation.  Following indemnification as provided for
hereunder,  the  indemnifying  party  shall  be  subrogated to all rights of the
Indemnified Party or Indemnified Person with respect to all third parties, firms
or  corporations relating to the matter for which indemnification has been made.
The  failure  to  deliver  written  notice  to  the  indemnifying party within a
reasonable  time  of  the commencement of any such action shall not relieve such
indemnifying  party  of  any  liability to the Indemnified Person or Indemnified
Party  under this Section 6, except to the extent that the indemnifying party is
prejudiced  in  its  ability  to  defend  such  action.

d.     The  indemnification required by this Section 6 shall be made by periodic
payments  of  the  amount  thereof  during  the  course  of the investigation or
defense,  as  and  when  bills are received or Indemnified Damages are incurred.

e.     The indemnity agreements contained herein shall be in addition to (i) any
cause  of action or similar right of the Indemnified Party or Indemnified Person
against  the  indemnifying  party  or  others,  and  (ii)  any  liabilities  the
indemnifying  party  may  be  subject  to  pursuant  to  the  law.

7.     CONTRIBUTION.
       ------------

     To the extent any indemnification by an indemnifying party is prohibited or
limited  by  law, the indemnifying party agrees to make the maximum contribution
with respect to any amounts for which it would otherwise be liable under Section
6 to the fullest extent permitted by law; provided, however, that: (i) no seller
of  Registrable  Securities  guilty  of fraudulent misrepresentation (within the
meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from
any  seller  of  Registrable  Securities  who  was  not  guilty  of  fraudulent
misrepresentation; and (ii) contribution by any seller of Registrable Securities
shall be limited in amount to the net amount of proceeds received by such seller
from  the  sale  of  such  Registrable  Securities.

8.     REPORTS  UNDER  THE  1934  ACT.
       ------------------------------

     With  a  view  to making available to the Investor the benefits of Rule 144
promulgated under the 1933 Act or any similar rule or regulation of the SEC that
may  at  any  time permit the Investors to sell securities of the Company to the
public  without  registration  ("Rule  144")  the  Company  agrees  to:
                                 ---------

a.     make and keep public information available, as those terms are understood
and  defined  in  Rule  144;

b.     file  with  the  SEC  in  a timely manner all reports and other documents
required  of  the  Company  under  the  1933 Act and the 1934 Act so long as the
Company  remains  subject to such requirements (it being understood that nothing
herein  shall  limit  the Company's obligations under Section 6.3 of the Standby
Equity  Distribution  Agreement)  and  the  filing  of  such  reports  and other
documents  is  required  for  the  applicable  provisions  of  Rule  144;  and

c.     furnish  to  the  Investor  so  long  as  the  Investor  owns Registrable
Securities,  promptly  upon request, (i) a written statement by the Company that
it  has  complied  with the reporting requirements of Rule 144, the 1933 Act and
the  1934  Act, (ii) a copy of the most recent annual or quarterly report of the
Company  and such other reports and documents so filed by the Company, and (iii)
such  other information as may be reasonably requested to permit the Investor to
sell  such  securities  pursuant  to  Rule  144  without  registration.

9.     AMENDMENT  OF  REGISTRATION  RIGHTS.
       -----------------------------------

     Provisions  of this Agreement may be amended and the observance thereof may
be waived (either generally or in a particular instance and either retroactively
or  prospectively),  only  by  a  written  agreement between the Company and the
Investor.  Any  amendment  or  waiver effected in accordance with this Section 9
shall  be  binding upon the Investor and the Company.  No consideration shall be
offered or paid to any Person to amend or consent to a waiver or modification of
any  provision  of  any  of this Agreement unless the same consideration also is
offered  to  all  of  the  parties  to  this  Agreement.

10.    MISCELLANEOUS.
       -------------

a.     A Person is deemed to be a holder of Registrable Securities whenever such
Person  owns  or  is deemed to own of record such Registrable Securities. If the
Company receives conflicting instructions, notices or elections from two or more
Persons  with  respect to the same Registrable Securities, the Company shall act
upon  the basis of instructions, notice or election received from the registered
owner  of  such  Registrable  Securities.

b.     Any  notices,  consents,  waivers  or  other  communications  required or
permitted  to  be given under the terms of this Agreement must be in writing and
will  be  deemed  to  have  been  delivered:  (i)  upon  receipt, when delivered
personally;  (ii) upon receipt, when sent by facsimile (provided confirmation of
transmission is mechanically or electronically generated and kept on file by the
sending  party);  or  (iii)  one  business  day  after deposit with a nationally
recognized  overnight  delivery  service, in each case properly addressed to the
party  to  receive  the  same.  The  addresses  and  facsimile  numbers for such
communications  shall  be:

If  to  the  Company,  to:       China  World  Trade  Corporation

With  a  copy  to:               Kirkpatrick  &  Lockhart  LLP
                                 201  South  Biscayne  Boulevard  -  Suite  2000
                                 Miami,  FL  33131-2399
                                 Attention:  Clayton  E.  Parker,  Esq.
                                 Telephone:  (305)  539-3300
                                 Facsimile:  (305)  358-7095

If  to  the  Investor,  to:      Cornell  Capital  Partners,  LP
                                 101  Hudson  Street  -  Suite  3700
                                 Jersey  City,  New  Jersey  07302
                                 Attention:  Mark  Angelo
                                 Portfolio  Manager
                                 Telephone:  (201)  985-8300
                                 Facsimile:  (201)  985-8266

With  a  copy  to:               David  Gonzalez,  Esq.
                                 101  Hudson  Street  -  Suite  3700
                                 Jersey  City,  NJ  07302
                                 Telephone:  (201)  985-8300
                                 Facsimile:  (201)  985-8266

Any  party  may  change  its  address  by  providing written notice to the other
parties  hereto  at  least  five days prior to the effectiveness of such change.
Written  confirmation  of  receipt  (A)  given  by the recipient of such notice,
consent,  waiver  or  other  communication,  (B)  mechanically or electronically
generated by the sender's facsimile machine containing the time, date, recipient
facsimile  number  and  an  image  of the first page of such transmission or (C)
provided  by a courier or overnight courier service shall be rebuttable evidence
of  personal  service,  receipt  by  facsimile  or  receipt  from  a  nationally
recognized  overnight  delivery  service  in accordance with clause (i), (ii) or
(iii)  above,  respectively.

c.     Failure of any party to exercise any right or remedy under this Agreement
or  otherwise, or delay by a party in exercising such right or remedy, shall not
operate  as  a  waiver  thereof.

d.     The  corporate  laws  of  the  State  of  _______ shall govern all issues
concerning  the  relative  rights  of  the  Company and the Investor.  All other
questions  concerning the construction, validity, enforcement and interpretation
of  this  Agreement  shall  be governed by the internal laws of the State of New
Jersey,  without giving effect to any choice of law or conflict of law provision
or  rule  (whether  of  the  State of New Jersey or any other jurisdiction) that
would cause the application of the laws of any jurisdiction other than the State
of  New  Jersey.  Each  party  hereby  irrevocably  submits to the non-exclusive
jurisdiction  of  the  Superior  Courts  of  the State of New Jersey, sitting in
Hudson County, New Jersey and the Federal District Court for the District of New
Jersey  sitting  in  Newark,  New  Jersey,  for  the adjudication of any dispute
hereunder  or in connection herewith or with any transaction contemplated hereby
or  discussed herein, and hereby irrevocably waives, and agrees not to assert in
any  suit,  action or proceeding, any claim that it is not personally subject to
the  jurisdiction  of  any  such  court, that such suit, action or proceeding is
brought  in  an  inconvenient  forum  or  that the venue of such suit, action or
proceeding  is  improper.  Each party hereby irrevocably waives personal service
of  process  and  consents  to  process being served in any such suit, action or
proceeding  by  mailing  a  copy  thereof  to such party at the address for such
notices to it under this Agreement and agrees that such service shall constitute
good  and  sufficient  service of process and notice thereof.  Nothing contained
herein  shall  be  deemed  to limit in any way any right to serve process in any
manner permitted by law.  If any provision of this Agreement shall be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability shall not
affect the validity or enforceability of the remainder of this Agreement in that
jurisdiction  or  the  validity  or  enforceability  of  any  provision  of this
Agreement  in  any other jurisdiction.  EACH PARTY HEREBY IRREVOCABLY WAIVES ANY
RIGHT  IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION
OF  ANY  DISPUTE  HEREUNDER  OR  IN  CONNECTION  HEREWITH OR ARISING OUT OF THIS
AGREEMENT  OR  ANY  TRANSACTION  CONTEMPLATED  HEREBY.

e.     This  Agreement,  the  Standby  Equity Distribution Agreement, the Escrow
Agreement,  and  the  Placement  Agent Agreement constitute the entire agreement
among  the parties hereto with respect to the subject matter hereof and thereof.
There  are  no  restrictions,  promises,  warranties or undertakings, other than
those  set forth or referred to herein and therein.  This Agreement, the Standby
Equity  Distribution  Agreement,  the  Escrow Agreement, and the Placement Agent
Agreement  supersede  all  prior agreements and understandings among the parties
hereto  with  respect  to  the  subject  matter  hereof  and  thereof.

f.     This  Agreement  shall  inure  to  the benefit of and be binding upon the
permitted  successors  and  assigns  of  each  of  the  parties  hereto.

g.     The  headings in this Agreement are for convenience of reference only and
shall  not  limit  or  otherwise  affect  the  meaning  hereof.

h.     This  Agreement  may be executed in identical counterparts, each of which
shall  be  deemed an original but all of which shall constitute one and the same
agreement.  This  Agreement,  once  executed by a party, may be delivered to the
other party hereto by facsimile transmission of a copy of this Agreement bearing
the  signature  of  the  party  so  delivering  this  Agreement.

i.     Each  party  shall do and perform, or cause to be done and performed, all
such  further  acts  and  things,  and  shall execute and deliver all such other
agreements,  certificates,  instruments  and  documents,  as the other party may
reasonably  request in order to carry out the intent and accomplish the purposes
of  this Agreement and the consummation of the transactions contemplated hereby.

j.     The  language  used  in  this Agreement will be deemed to be the language
chosen  by  the  parties  to  express their mutual intent and no rules of strict
construction  will  be  applied  against  any  party.

k.     This  Agreement  is  intended  for  the benefit of the parties hereto and
their  respective  permitted  successors and assigns, and is not for the benefit
of,  nor  may  any  provision  hereof  be  enforced  by,  any  other  Person.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

     IN  WITNESS  WHEREOF,  the  parties  have  caused  this Registration Rights
Agreement  to  be  duly  executed  as  of  day  and  year  first  above written.

     COMPANY:
     CHINA  WORLD  TRADE  CORPORATION

     By:    /s/  John  Hui
            --------------
     Name:  John  Hui
     Title: CEO  &  Vice  Chairman

     INVESTOR:
     CORNELL  CAPITAL  PARTNERS,  LP

     BY:    YORKVILLE  ADVISORS,  LLC
     ITS:   GENERAL  PARTNER

     By:    /s/  Mark  Angelo
            -----------------
     Name:  Mark  Angelo
     Title: Portfolio  Manager

                                    EXHIBIT A
                        FORM OF NOTICE OF EFFECTIVENESS
                            OF REGISTRATION STATEMENT

Attention:

     Re:     CHINA  WORLD  TRADE  CORPORATION
             --------------------------------

Ladies  and  Gentlemen:

     We  are counsel to China World Trade Corporation, a Nevada corporation (the
"Company"),  and  have  represented  the Company in connection with that certain
 -------
Standby  Equity  Distribution  Agreement  (the  "Standby  Equity  Distribution
                                                 -----------------------------
Agreement")  entered  into  by  and  between  the  Company  and  Cornell Capital
---------
Partners,  LP  (the  "Investor")  pursuant  to  which  the Company issued to the
                      --------
Investor  shares  of its Common Stock, par value US$_____ per share (the "Common
                                                                          ------
Stock").  Pursuant  to  the  Standby  Equity Distribution Agreement, the Company
-----
also  has  entered  into  a Registration Rights Agreement with the Investor (the
"Registration  Rights  Agreement")  pursuant  to which the Company agreed, among
 -------------------------------
other  things,  to  register  the  Registrable  Securities  (as  defined  in the
Registration Rights Agreement) under the Securities Act of 1933, as amended (the
"1933  Act").  In  connection  with  the  Company's  obligations  under  the
 ---------
Registration  Rights  Agreement,  on  ____________  ____,  the  Company  filed a
Registration  Statement  on  Form  ________  (File  No.  333-_____________) (the
"Registration  Statement")  with  the  Securities  and  Exchange Commission (the
 -----------------------
"SEC")  relating  to  the  Registrable  Securities which names the Investor as a
 ---
selling  stockholder  thereunder.

     In  connection with the foregoing, we advise you that a member of the SEC's
staff  has  advised  us by telephone that the SEC has entered an order declaring
the  Registration  Statement  effective  under  the  1933  Act at [ENTER TIME OF
EFFECTIVENESS]  on [ENTER DATE OF EFFECTIVENESS] and we have no knowledge, after
telephonic  inquiry  of  a  member  of  the  SEC's  staff,  that  any stop order
suspending  its  effectiveness  has been issued or that any proceedings for that
purpose  are  pending  before,  or  threatened  by,  the SEC and the Registrable
Securities  are  available  for  resale  under  the  1933  Act  pursuant  to the
Registration  Statement.

                                       Very  truly  yours,

                                       By:  _______________________

cc:  CORNELL  CAPITAL  PARTNERS,  LPEX-10.3

                          CHINA WORLD TRADE CORPORATION
                            PLACEMENT AGENT AGREEMENT

                                                   Dated as of: October __, 2004

Duncan  Capital  Group
Ladies  and  Gentlemen:

     The  undersigned,  China World Trade Corporation, a Nevada corporation (the
"Company"),  hereby agrees with Duncan Capital Group (the "Placement Agent") and
 -------                                                   ---------------
Cornell  Capital  Partners, LP, a Delaware Limited Partnership (the "Investor"),
                                                                     --------
as  follows:

1.   Offering.  The  Company  hereby  engages  the Placement Agent to act as its
     --------
exclusive  placement  agent  in  connection with the Standby Equity Distribution
Agreement  dated  the date hereof (the "Standby Equity Distribution Agreement"),
                                        -------------------------------------
pursuant to which the Company shall issue and sell to the Investor, from time to
time,  and  the  Investor  shall  purchase  from the Company (the "Offering") up
                                                                   --------
to  Thirty  Million   U.S.  Dollars  ($30,000,000) of the Company's common stock
(the  "Commitment Amount"), par value US$____ per share (the "Common Stock"), at
       -----------------                                      ------------
price  per  share  equal  to  the Purchase Price, as that term is defined in the
Standby  Equity  Distribution  Agreement.  The  Placement  Agent  services shall
consist  of reviewing the terms of the Standby Equity Distribution Agreement and
advising  the  Company  with  respect  to  those  terms.

     All  capitalized  terms  used herein and not otherwise defined herein shall
have  the  same  meaning  ascribed to them as in the Standby Equity Distribution
Agreement.  The  Investor  will  be  granted  certain  registration  rights with
respect  to  the Common Stock as more fully set forth in the Registration Rights
Agreement  between  the  Company  and  the  Investor  dated the date hereof (the
"Registration Rights Agreement").  The documents to be executed and delivered in
 -----------------------------
connection  with  the  Offering,  including,  but  not limited, to the Company's
latest  Quarterly  Report  on  Form  10-QSB  as  filed  with  the  United States
Securities  and  Exchange  Commission,  this  Agreement,  the  Standby  Equity
Distribution  Agreement,  the  Registration  Rights  Agreement,  and  the Escrow
Agreement  dated  the  date  hereof  (the  "Escrow  Agreement"), are referred to
                                            -----------------
sometimes  hereinafter  collectively as the "Offering Materials".  The Company's
                                             ------------------
Common  Stock  purchased by the Investor hereunder or to be issued in connection
with  the  conversion of any debentures are sometimes referred to hereinafter as
the  "Securities."  The  Placement  Agent  shall  not  be  obligated to sell any
      ----------
Securities.

2.   Compensation.
     ------------

Upon  the  execution of this Agreement, the Company shall issue to the Placement
Agent  or  its  designee  One  Hundred  Fifty  Thousand  (150,000) shares of the
Company's  Common  Stock  (the "Placement Agent's Shares").  The Placement Agent
                                ------------------------
shall  be entitled to "piggy-back" registration rights, which shall be triggered
upon  registration of any shares of Common Stock by the Investor with respect to
the Placement Agent's Shares pursuant to the Registration Rights Agreement dated
the  date  hereof. For a  period of ninety (90) calendar days following the date
hereof,  the  Placement  Agent  shall not sell the Placement Agent Shares if the
volume weighted average price of the Company's Common Stock as quoted Bloomberg,
LP  (the "VWAP") is less than One Dollar and Fifty Cents ($1.50). Thereafter the
          ----
Placement Agent shall be entitled to sell the Placement Agent Shares free of any
limitation  other  than as outlined herein.  In addition, for a period of twelve
(12)  months  following  the  declaration  of  effectiveness of the Registration
Statement by the United States Securities and Exchange Commission, the Placement
Agent  shall not sell more than twenty five percent (25%) of the Placement Agent
Shares every thirty (30) calendar days if the VWAP of the Company's Common Stock
is less than Two Dollars and Fifty Cents ($2.50).   If the VWAP of the Company's
Common  Stock  is  higher than Two Dollars and Fifty Cents ($2.50) the Placement
Agent  shall  be  entitled  to  sell  the  Placement  Agent  Shares  free of any
limitation.

On  each  Advance Date pursuant to the Standby Equity Distribution Agreement the
Company  shall pay to the Placement Agent, directly from the gross proceeds held
in  escrow,  an amount equal to four percent (4%) of the amount of each Advance.

3.   Representations,  Warranties  and  Covenants  of  the  Placement  Agent.
     ------------------------------------------------------------------------

A.   The  Placement  Agent  represents,  warrants  and  covenants  as  follows:

(i)  The  Placement  Agent  has the necessary power to enter into this Agreement
     and  to  consummate  the  transactions  contemplated  hereby.

(ii) The execution and delivery by the Placement Agent of this Agreement and the
     consummation of the transactions contemplated herein will not result in any
     violation  of,  or  be in conflict with, or constitute a default under, any
     agreement or instrument to which the Placement Agent is a party or by which
     the  Placement  Agent or its properties are bound, or any judgment, decree,
     order  or,  to  the  Placement  Agent's  knowledge,  any  statute,  rule or
     regulation  applicable to the Placement Agent. This Agreement when executed
     and  delivered by the Placement Agent, will constitute the legal, valid and
     binding  obligations of the Placement Agent, enforceable in accordance with
     their  respective  terms,  except to the extent that (a) the enforceability
     hereof or thereof may be limited by bankruptcy, insolvency, reorganization,
     moratorium  or  similar  laws from time to time in effect and affecting the
     rights  of creditors generally, (b) the enforceability hereof or thereof is
     subject  to  general  principles  of  equity,  or  (c)  the indemnification
     provisions  hereof  or  thereof  may  be  held to be in violation of public
     policy.

(iii)Upon  receipt  and  execution  of  this Agreement, the Placement Agent will
     promptly forward copies of this Agreement to the Company or its counsel and
     the  Investor  or  its  counsel.

(iv) The  Placement  Agent  will  not  intentionally  take  any  action  that it
     reasonably  believes  would cause the Offering to violate the provisions of
     the  Securities  Act  of  1933, as amended (the "1933 Act"), the Securities
                                                      --------
     Exchange Act of 1934 (the "1934 Act"), the respective rules and regulations
                                --------
     promulgated  thereunder  (the  "Rules and Regulations") or applicable "Blue
                                     ---------------------
     Sky"  laws  of  any  state  or  jurisdiction.

(v)  The  Placement  Agent is a member of the National Association of Securities
     Dealers, Inc., and is a broker-dealer registered as such under the 1934 Act
     and under the securities laws of the states in which the Securities will be
     offered  or  sold by the Placement Agent unless an exemption for such state
     registration is available to the Placement Agent. The Placement Agent is in
     material  compliance  with  the  rules  and  regulations  applicable to the
     Placement  Agent  generally  and  applicable  to  the  Placement  Agent's
     participation  in  the  Offering.

4.   Representations  and  Warranties  of  the  Company.
     --------------------------------------------------
A.   The  Company  represents  and  warrants  as  follows:

(i)  The  execution,  delivery  and  performance  of each of this Agreement, the
     Standby  Equity  Distribution  Agreement,  the  Escrow  Agreement,  and the
     Registration  Rights  Agreement  has  been  or  will  be  duly  and validly
     authorized  by  the  Company and is, or with respect to this Agreement, the
     Standby  Equity  Distribution  Agreement,  the  Escrow  Agreement,  and the
     Registration Rights Agreement, will be a valid and binding agreement of the
     Company, enforceable in accordance with its respective terms, except to the
     extent  that  (a)  the  enforceability  hereof or thereof may be limited by
     bankruptcy,  insolvency,  reorganization,  moratorium  or similar laws from
     time to time in effect and affecting the rights of creditors generally, (b)
     the  enforceability  hereof  or thereof is subject to general principles of
     equity  or (c) the indemnification provisions hereof or thereof may be held
     to  be  in violation of public policy. The Securities to be issued pursuant
     to  the  transactions contemplated by this Agreement and the Standby Equity
     Distribution  Agreement have been duly authorized and, when issued and paid
     for  in  accordance  with  this  Agreement, the Standby Equity Distribution
     Agreement  and  the  certificates/instruments representing such Securities,
     will  be  valid  and  binding  obligations  of  the Company, enforceable in
     accordance  with  their respective terms, except to the extent that (1) the
     enforceability  thereof  may  be  limited  by  bankruptcy,  insolvency,
     reorganization,  moratorium or similar laws from time to time in effect and
     affecting  the  rights  of  creditors generally, and (2) the enforceability
     thereof  is  subject  to general principles of equity. All corporate action
     required  to  be  taken  for  the  authorization,  issuance and sale of the
     Securities  has  been  duly  and  validly  taken  by  the  Company.

(ii) The Company has a duly authorized, issued and outstanding capitalization as
     set  forth  herein  and  in  the Standby Equity Distribution Agreement. The
     Company  is  not  a party to or bound by any instrument, agreement or other
     arrangement  providing for it to issue any capital stock, rights, warrants,
     options  or  other  securities,  except  for this Agreement, the agreements
     described  herein  and  as  described  in  the  Standby Equity Distribution
     Agreement,  dated the date hereof and the agreements described therein. All
     issued and outstanding securities of the Company, have been duly authorized
     and  validly  issued  and  are  fully  paid and non-assessable; the holders
     thereof  have  no  rights  of  rescission or preemptive rights with respect
     thereto and are not subject to personal liability solely by reason of being
     security  holders;  and none of such securities were issued in violation of
     the  preemptive  rights  of  any  holders  of  any security of the Company.

(iii)The  Common  Stock  to  be issued in accordance with this Agreement and the
     Standby  Equity  Distribution  Agreement has been duly authorized and, when
     issued  and  paid for in accordance with this Agreement, the Standby Equity
     Distribution  Agreement  and  the  Compensation  Debenture,  the
     certificates/instruments  representing  such  Common  Stock will be validly
     issued,  fully-paid  and  non-assessable;  the  holders thereof will not be
     subject  to personal liability solely by reason of being such holders; such
     Securities  are not and will not be subject to the preemptive rights of any
     holder  of  any  security  of  the  Company.

(iv) The  Company  has  good  and  marketable title to, or valid and enforceable
     leasehold  estates in, all items of real and personal property necessary to
     conduct  its  business (including, without limitation, any real or personal
     property  stated  in  the  Offering  Materials to be owned or leased by the
     Company),  free  and  clear  of  all  liens, encumbrances, claims, security
     interests  and  defects of any material nature whatsoever, other than those
     set  forth  in  the  Offering Materials and liens for taxes not yet due and
     payable.

(v)  There  is  no litigation or governmental proceeding pending or, to the best
     of the Company's knowledge, threatened against, or involving the properties
     or  business of the Company, except as set forth in the Offering Materials.

(vi) The  Company  has  been  duly  organized  and  is  validly  existing  as  a
     corporation  in good standing under the laws of the State of Nevada. Except
     as  set  forth  in  the  Offering  Materials,  the  Company does not own or
     control,  directly  or  indirectly,  an  interest in any other corporation,
     partnership,  trust, joint venture or other business entity. The Company is
     duly qualified or licensed and in good standing as a foreign corporation in
     each  jurisdiction  in  which the character of its operations requires such
     qualification  or  licensing  and  where failure to so qualify would have a
     material  adverse  effect  on  the  Company.  The Company has all requisite
     corporate  power  and  authority,  and  all  material  and  necessary
     authorizations,  approvals,  orders,  licenses, certificates and permits of
     and  from  all  governmental  regulatory officials and bodies (domestic and
     foreign)  to conduct its businesses (and proposed business) as described in
     the  Offering  Materials.  Any  disclosures  in  the  Offering  Materials
     concerning  the  effects of foreign, federal, state and local regulation on
     the  Company's  businesses  as  currently conducted and as contemplated are
     correct  in all material respects and do not omit to state a material fact.
     The  Company  has  all  corporate  power  and  authority to enter into this
     Agreement,  the  Standby  Equity  Distribution  Agreement, the Registration
     Rights Agreement, and the Escrow Agreement, to carry out the provisions and
     conditions  hereof and thereof, and all consents, authorizations, approvals
     and  orders  required  in  connection  herewith  and  therewith  have  been
     obtained.  No  consent,  authorization or order of, and no filing with, any
     court,  government  agency or other body is required by the Company for the
     issuance  of  the  Securities  or  execution  and  delivery of the Offering
     Materials  except  for  applicable  federal  and state securities laws. The
     Company,  since its inception, has not incurred any liability arising under
     or as a result of the application of any of the provisions of the 1933 Act,
     the  1934  Act  or  the  Rules  and  Regulations.

(vii)There has been no material  adverse change in the condition or prospects of
     the Company, financial or otherwise, from the latest dates as of which such
     condition  or  prospects,  respectively,  are  set  forth  in  the Offering
     Materials,  and  the outstanding debt, the property and the business of the
     Company  conform  in  all  material  respects  to  the descriptions thereof
     contained  in  the  Offering  Materials.

(viii)Except  as  set  forth  in  the  Offering Materials, the Company is not in
     breach  of,  or  in  default  under,  any term or provision of any material
     indenture,  mortgage,  deed  of  trust, lease, note, loan or Standby Equity
     Distribution  Agreement  or  any  other  material  agreement  or instrument
     evidencing  an  obligation  for  borrowed  money,  or  any  other  material
     agreement or instrument to which it is a party or by which it or any of its
     properties may be bound or affected. The Company is not in violation of any
     provision  of  its  charter  or  by-laws  or in violation of any franchise,
     license, permit, judgment, decree or order, or in violation of any material
     statute,  rule  or  regulation.  Neither  the execution and delivery of the
     Offering Materials nor the issuance and sale or delivery of the Securities,
     nor  the  consummation  of  any  of  the  transactions  contemplated in the
     Offering  Materials  nor  the  compliance by the Company with the terms and
     provisions hereof or thereof, has conflicted with or will conflict with, or
     has  resulted  in  or  will  result  in  a  breach of, any of the terms and
     provisions  of,  or  has constituted or will constitute a default under, or
     has  resulted  in or will result in the creation or imposition of any lien,
     charge  or  encumbrance  upon  any  property  or  assets  of the Company or
     pursuant to the terms of any indenture, mortgage, deed of trust, note, loan
     or  any other agreement or instrument evidencing an obligation for borrowed
     money,  or  any  other  agreement or instrument to which the Company may be
     bound  or  to which any of the property or assets of the Company is subject
     except (a) where such default, lien, charge or encumbrance would not have a
     material adverse effect on the Company and (b) as described in the Offering
     Materials;  nor  will such action result in any violation of the provisions
     of  the  charter  or  the  by-laws  of  the  Company  or,  assuming the due
     performance  by  the  Placement  Agent  of  its  obligations hereunder, any
     material  statute  or  any material order, rule or regulation applicable to
     the  Company  of  any  court  or  of  any  foreign, federal, state or other
     regulatory  authority or other government body having jurisdiction over the
     Company.

(ix) Subsequent  to  the  dates as of which information is given in the Offering
     Materials,  and except as may otherwise be indicated or contemplated herein
     or  therein  and the securities offered pursuant to the Securities Purchase
     Agreement  dated  the  date  hereof,  the  Company  has  not (a) issued any
     securities  or  incurred any liability or obligation, direct or contingent,
     for  borrowed  money, or (b) entered into any transaction other than in the
     ordinary  course  of business, or (c) declared or paid any dividend or made
     any  other  distribution  on  or in respect of its capital stock. Except as
     described  in  the  Offering  Materials,  the  Company  has  no outstanding
     obligations  to  any  officer  or  director  of  the  Company.

(x)  There are no claims for services in the nature of a finder's or origination
     fee with respect to the sale of the Common Stock or any other arrangements,
     agreements  or  understandings  that  may  affect  the  Placement  Agent's
     compensation,  as  determined  by  the  National  Association of Securities
     Dealers,  Inc.

(xi) The  Company owns or possesses, free and clear of all liens or encumbrances
     and  rights  thereto or therein by third parties, the requisite licenses or
     other  rights  to  use  all  trademarks, service marks, copyrights, service
     names,  trade names, patents, patent applications and licenses necessary to
     conduct  its  business (including, without limitation, any such licenses or
     rights  described  in the Offering Materials as being owned or possessed by
     the  Company)  and, except as set forth in the Offering Materials, there is
     no  claim  or action by any person pertaining to, or proceeding, pending or
     threatened,  which  challenges  the  exclusive  rights  of the Company with
     respect  to any trademarks, service marks, copyrights, service names, trade
     names, patents, patent applications and licenses used in the conduct of the
     Company's  businesses  (including, without limitation, any such licenses or
     rights  described  in the Offering Materials as being owned or possessed by
     the  Company)  except  any  claim  or action that would not have a material
     adverse  effect on the Company; the Company's current products, services or
     processes  do  not  infringe  or will not infringe on the patents currently
     held  by  any  third  party.

(xii)Except  as  described  in  the Offering Materials, the Company is not under
     any obligation to pay royalties or fees of any kind whatsoever to any third
     party  with  respect  to any trademarks, service marks, copyrights, service
     names, trade names, patents, patent applications, licenses or technology it
     has  developed,  uses,  employs  or intends to use or employ, other than to
     their  respective  licensors.

(xiii)Subject  to  the  performance  by  the  Placement Agent of its obligations
     hereunder  the offer and sale of the Securities complies, and will continue
     to  comply,  in  all material respects with the requirements of Rule 506 of
     Regulation  D promulgated by the SEC pursuant to the 1933 Act and any other
     applicable federal and state laws, rules, regulations and executive orders.
     Neither  the Offering Materials nor any amendment or supplement thereto nor
     any  documents prepared by the Company in connection with the Offering will
     contain  any  untrue  statement  of  a  material  fact or omit to state any
     material  fact  required  to  be  stated  therein  or necessary to make the
     statements  therein,  in  light  of the circumstances under which they were
     made,  not  misleading.  All  statements  of material facts in the Offering
     Materials  are  true  and correct as of the date of the Offering Materials.

(xiv)All  material  taxes  which  are due and payable from the Company have been
     paid  in  full  or  adequate  provision has been made for such taxes on the
     books  of the Company, except for those taxes disputed in good faith by the
     Company

(xv) None  of  the  Company  nor  any  of  its officers, directors, employees or
     agents, nor any other person acting on behalf of the Company, has, directly
     or  indirectly,  given or agreed to give any money, gift or similar benefit
     (other  than legal price concessions to customers in the ordinary course of
     business)  to  any  customer,  supplier, employee or agent of a customer or
     supplier,  or  official  or  employee  of  any  governmental  agency  or
     instrumentality  of  any  government (domestic or foreign) or any political
     party  or candidate for office (domestic or foreign) or other person who is
     or  may  be in a position to help or hinder the business of the Company (or
     assist  it in connection with any actual or proposed transaction) which (A)
     might  subject  the Company to any damage or penalty in any civil, criminal
     or  governmental litigation or proceeding, or (B) if not given in the past,
     might  have  had  a  materially  adverse  effect on the assets, business or
     operations  of  the Company as reflected in any of the financial statements
     contained in the Offering Materials, or (C) if not continued in the future,
     might adversely affect the assets, business, operations or prospects of the
     Company  in  the  future.

5.   Representations,  Warranties  and  Covenants  of  the  Investor.
     ---------------------------------------------------------------
A.   The  Investor  represents,  warrants  and  covenants  as  follows:

(i)  The  Investor  has  the necessary power to enter into this Agreement and to
     consummate  the  transactions  contemplated  hereby.

(ii) The  execution  and  delivery  by  the  Investor  of this Agreement and the
     consummation of the transactions contemplated herein will not result in any
     violation  of,  or  be in conflict with, or constitute a default under, any
     agreement  or  instrument  to which the Investor is a party or by which the
     Investor or its properties are bound, or any judgment, decree, order or, to
     the Investor's knowledge, any statute, rule or regulation applicable to the
     Investor.  This Agreement when executed and delivered by the Investor, will
     constitute  the  legal,  valid  and  binding  obligations  of the Investor,
     enforceable in accordance with their respective terms, except to the extent
     that (a) the enforceability hereof or thereof may be limited by bankruptcy,
     insolvency, reorganization, moratorium or similar laws from time to time in
     effect  and  affecting  the  rights  of  creditors  generally,  (b)  the
     enforceability  hereof  or  thereof  is  subject  to  general principles of
     equity, or (c) the indemnification provisions hereof or thereof may be held
     to  be  in  violation  of  public  policy.

(iii)The  Investor  will  promptly  forward  copies of any and all due diligence
     questionnaires  compiled  by  the  Investor  to  the  Placement  Agent.

(iv) The  Investor  is  an  Accredited Investor (as defined under the 1933 Act).

(v)  The  Investor is acquiring the Securities for the Inventor's own account as
     principal, not as a nominee or agent, for investment purposes only, and not
     with  a  view to, or for, resale, distribution or fractionalization thereof
     in whole or in part and no other person has a direct or indirect beneficial
     interest  in  such  Securities.  Further,  the  Investor  does not have any
     contract,  undertaking,  agreement  or arrangement with any person to sell,
     transfer  or  grant  participations  to such person or to any third person,
     with  respect  to  any  of  the  Securities.

(vi) The  Investor  acknowledges  the Investor's understanding that the offering
     and sale of the Securities is intended to be exempt from registration under
     the  1933  Act by virtue of Section 3(b) of the 1933 Act and the provisions
     of  Regulation  D  promulgated  thereunder ("Regulation D"). In furtherance
                                                  ------------
     thereof,  the  Investor  represents  and  warrants  as  follows:

     (a)  The  Investor  has  the financial ability to bear the economic risk of
          the  Investor's  investment,  has adequate means for providing for the
          Inventor's  current  needs  and personal contingencies and has no need
          for  liquidity  with  respect  to  the  Investor's  investment  in the
          Company;  and

     (b)  The  Investor  has  such  knowledge  and  experience  in financial and
          business  matters  as to be capable of evaluating the merits and risks
          of the prospective investment. The Inventor also represents it has not
          been  organized  for  the  purpose  of  acquiring  the  Securities.

(vii)The  Investor has been given the opportunity for a reasonable time prior to
     the  date hereof to ask questions of, and receive answers from, the Company
     or its representatives concerning the terms and conditions of the Offering,
     and  other  matters  pertaining  to this investment, and has been given the
     opportunity  for  a reasonable time prior to the date hereof to obtain such
     additional  information  in  connection  with  the Company in order for the
     Investor to evaluate the merits and risks of purchase of the Securities, to
     the extent the Company possesses such information or can acquire it without
     unreasonable  effort  or  expense.  The  Investor  is  not  relying  on the
     Placement  Agent  or  any of its affiliates with respect to the accuracy or
     completeness  of  the Offering Materials or for any economic considerations
     involved  in  this  investment.

6.   Certain  Covenants  and  Agreements  of  the  Company.
     -----------------------------------------------------
     The  Company covenants and agrees at its expense and without any expense to
the  Placement  Agent  as  follows:

A.   To  advise  the  Placement  Agent  and the Investor of any material adverse
change  in  the  Company's  financial condition, prospects or business or of any
development  materially  affecting the Company or rendering untrue or misleading
any  material  statement in the Offering Materials occurring at any time as soon
as  the  Company  is  either  informed  or  becomes  aware  thereof.

B.   To  use  its  commercially  reasonable  efforts  to  cause the Common Stock
issuable  in  connection  with  the  Standby Equity Distribution Agreement to be
qualified  or  registered  for sale on terms consistent with those stated in the
Registration  Rights  Agreement  and  under  the  securities  laws  of  such
jurisdictions  as the Placement Agent and the Investor shall reasonably request.
Qualification,  registration and exemption charges and fees shall be at the sole
cost  and  expense  of  the  Company.

C.   Upon  written  request,  to  provide  and continue to provide the Placement
Agent  and the Investor copies of all quarterly financial statements and audited
annual  financial  statements  prepared  by  or  on behalf of the Company, other
reports  prepared  by  or on behalf of the Company for public disclosure and all
documents  delivered  to  the  Company's  stockholders.

D.   To  deliver,  during  the  registration  period  of  the  Standby  Equity
Distribution  Agreement,  to  the  Investor  upon the Investor's request, within
forty  five (45) days, a statement of its income for each such quarterly period,
and  its  balance sheet and a statement of changes in stockholders' equity as of
the  end  of  such  quarterly period, all in reasonable detail, certified by its
principal  financial  or  accounting officer; (ii) within ninety (90) days after
the  close of each fiscal year, its balance sheet as of the close of such fiscal
year,  together  with  a  statement  of  income,  a  statement  of  changes  in
stockholders'  equity  and  a  statement of cash flow for such fiscal year, such
balance sheet, statement of income, statement of changes in stockholders' equity
and  statement of cash flow to be in reasonable detail and accompanied by a copy
of  the  certificate  or  report  thereon  of  independent  auditors  if audited
financial  statements  are  prepared; and (iii) a copy of all documents, reports
and  information  furnished to its stockholders at the time that such documents,
reports  and  information  are  furnished  to  its  stockholders.

E.   To  comply  with  the  terms  of  the  Offering  Materials.

F.   To ensure that any transactions between or among the Company, or any of its
officers,  directors  and affiliates be on terms and conditions that are no less
favorable  to the Company, than the terms and conditions that would be available
in  an  "arm's  length"  transaction  with  an  independent  third  party.

7.   Indemnification  and  Limitation  of  Liability.
     -----------------------------------------------
A.   The  Company  hereby  agrees  that it will indemnify and hold the Placement
Agent and each officer, director, shareholder, employee or representative of the
Placement  Agent  and  each  person  controlling,  controlled by or under common
control  with  the  Placement Agent within the meaning of Section 15 of the 1933
Act or Section 20 of the 1934 Act or the SEC's Rules and Regulations promulgated
thereunder  (the "Rules and Regulations"), harmless from and against any and all
                  ---------------------
loss,  claim,  damage, liability, cost or expense whatsoever (including, but not
limited  to,  any  and  all  reasonable  legal  fees  and  other  expenses  and
disbursements  incurred in connection with investigating, preparing to defend or
defending  any  action,  suit  or  proceeding,  including  any  inquiry  or
investigation,  commenced or threatened, or any claim whatsoever or in appearing
or  preparing  for  appearance  as  a witness in any action, suit or proceeding,
including  any  inquiry,  investigation  or  pretrial  proceeding  such  as  a
deposition)  to  which  the  Placement  Agent  or such indemnified person of the
Placement  Agent  may become subject under the 1933 Act, the 1934 Act, the Rules
and  Regulations, or any other federal or state law or regulation, common law or
otherwise,  arising  out  of  or  based upon (i) any untrue statement or alleged
untrue  statement  of  a  material  fact  contained  in  (a)  Section  4 of this
Agreement,  (b) the Offering Materials (except those written statements relating
to  the Placement Agent given by the Placement Agent for inclusion therein), (c)
any  application  or  other  document  or  written communication executed by the
Company  or based upon written information furnished by the Company filed in any
jurisdiction  in  order  to  qualify  the Common Stock under the securities laws
thereof,  or  any  state  securities  commission or agency; (ii) the omission or
alleged  omission from documents described in clauses (a), (b) or (c) above of a
material  fact required to be stated therein or necessary to make the statements
therein  not  misleading;  or  (iii) the breach of any representation, warranty,
covenant  or  agreement  made  by  the  Company  in this Agreement.  The Company
further  agrees  that  upon demand by an indemnified person, at any time or from
time  to  time, it will promptly reimburse such indemnified person for any loss,
claim,  damage,  liability,  cost or expense actually and reasonably paid by the
indemnified  person as to which the Company has indemnified such person pursuant
hereto.  Notwithstanding  the  foregoing  provisions of this Paragraph 7(A), any
such  payment or reimbursement by the Company of fees, expenses or disbursements
incurred by an indemnified person in any proceeding in which a final judgment by
a  court  of competent jurisdiction (after all appeals or the expiration of time
to  appeal)  is  entered  against the Placement Agent or such indemnified person
based upon specific finding of fact that the Placement Agent or such indemnified
person's  gross negligence or willful misfeasance will be promptly repaid to the
Company.

B.   The  Placement  Agent  hereby  agrees  that  it will indemnify and hold the
Company  and  each officer, director, shareholder, employee or representative of
the  Company, and each person controlling, controlled by or under common control
with  the Company within the meaning of Section 15 of the 1933 Act or Section 20
of  the 1934 Act or the Rules and Regulations, harmless from and against any and
all  loss,  claim, damage, liability, cost or expense whatsoever (including, but
not  limited  to,  any  and  all  reasonable  legal  fees and other expenses and
disbursements  incurred in connection with investigating, preparing to defend or
defending  any  action,  suit  or  proceeding,  including  any  inquiry  or
investigation,  commenced or threatened, or any claim whatsoever or in appearing
or  preparing  for  appearance  as  a witness in any action, suit or proceeding,
including  any  inquiry,  investigation  or  pretrial  proceeding  such  as  a
deposition)  to  which the Company or such indemnified person of the Company may
become  subject  under the 1933 Act, the 1934 Act, the Rules and Regulations, or
any  other  federal or state law or regulation, common law or otherwise, arising
out  of  or  based upon (i) the material breach of any representation, warranty,
covenant or agreement made by the Placement Agent in this Agreement, or (ii) any
false or misleading information provided to the Company in writing by one of the
Placement Agent's indemnified persons specifically for inclusion in the Offering
Materials.

C.   The  Investor  hereby  agrees that it will indemnify and hold the Placement
Agent and each officer, director, shareholder, employee or representative of the
     Placement Agent, and each person controlling, controlled by or under common
control  with  the  Placement Agent within the meaning of Section 15 of the 1933
Act  or  Section  20 of the 1934 Act or the Rules and Regulations, harmless from
and  against  any  and  all  loss,  claim,  damage,  liability,  cost or expense
whatsoever (including, but not limited to, any and all reasonable legal fees and
other  expenses  and  disbursements  incurred  in connection with investigating,
preparing  to  defend or defending any action, suit or proceeding, including any
inquiry or investigation, commenced or threatened, or any claim whatsoever or in
appearing  or  preparing  for  appearance  as  a  witness in any action, suit or
proceeding,  including any inquiry, investigation or pretrial proceeding such as
a  deposition)  to  which  the Placement Agent or such indemnified person of the
Placement  Agent  may become subject under the 1933 Act, the 1934 Act, the Rules
and  Regulations, or any other federal or state law or regulation, common law or
otherwise,  arising  out of or based upon (i) the conduct of the Investor or its
officers,  employees  or  representatives in its acting as the Investor  for the
Offering,  (ii) the material breach of any representation, warranty, covenant or
agreement  made by the Investor in the Offering Materials, or (iii) any false or
misleading  information provided to the Placement Agent by one of the Investor's
indemnified  persons.

D.   The  Placement  Agent  hereby  agrees  that  it will indemnify and hold the
Investor  and each officer, director, shareholder, employee or representative of
the Investor, and each person controlling, controlled by or under common control
     with  the  Investor  within  the  meaning  of Section 15 of the 1933 Act or
Section  20  of  the  1934  Act  or the Rules and Regulations, harmless from and
against  any  and all loss, claim, damage, liability, cost or expense whatsoever
(including,  but  not  limited  to,  any and all reasonable legal fees and other
expenses  and disbursements incurred in connection with investigating, preparing
to  defend or defending any action, suit or proceeding, including any inquiry or
investigation,  commenced or threatened, or any claim whatsoever or in appearing
or  preparing  for  appearance  as  a witness in any action, suit or proceeding,
including  any  inquiry,  investigation  or  pretrial  proceeding  such  as  a
deposition) to which the Investor or such indemnified person of the Investor may
become  subject  under the 1933 Act, the 1934 Act, the Rules and Regulations, or
any  other  federal or state law or regulation, common law or otherwise, arising
out  of  or  based  upon  the  material  breach of any representation, warranty,
covenant  or  agreement  made  by  the  Placement  Agent  in  this  Agreement.

E.   Promptly after receipt by an indemnified party of notice of commencement of
any action covered by Section 7(A), (B), (C) or (D), the party to be indemnified
shall,  within  five  (5)  business  days,  notify the indemnifying party of the
commencement thereof; the omission by one (1) indemnified party to so notify the
indemnifying party shall not relieve the indemnifying party of its obligation to
indemnify  any  other indemnified party that has given such notice and shall not
relieve  the indemnifying party of any liability outside of this indemnification
if  not  materially prejudiced thereby.  In the event that any action is brought
against  the  indemnified  party,  the  indemnifying  party  will be entitled to
participate  therein and, to the extent it may desire, to assume and control the
defense  thereof with counsel chosen by it which is reasonably acceptable to the
indemnified party.  After notice from the indemnifying party to such indemnified
party  of  its election to so assume the defense thereof, the indemnifying party
will  not be liable to such indemnified party under such Section 7(A), (B), (C),
or (D) for any legal or other expenses subsequently incurred by such indemnified
party  in connection with the defense thereof, but the indemnified party may, at
its  own  expense, participate in such defense by counsel chosen by it, without,
however,  impairing the indemnifying party's control of the defense.  Subject to
the  proviso  of  this  sentence  and notwithstanding any other statement to the
contrary contained herein, the indemnified party or parties shall have the right
to choose its or their own counsel and control the defense of any action, all at
the  expense  of  the  indemnifying  party if (i) the employment of such counsel
shall  have  been  authorized in writing by the indemnifying party in connection
with  the  defense  of  such action at the expense of the indemnifying party, or
(ii)  the  indemnifying  party  shall  not  have  employed  counsel  reasonably
satisfactory  to  such  indemnified  party to have charge of the defense of such
action  within  a reasonable time after notice of commencement of the action, or
(iii)  such  indemnified  party  or parties shall have reasonably concluded that
there  may  be  defenses  available  to  it  or them which are different from or
additional  to  those  available  to  one or all of the indemnifying parties (in
which  case  the  indemnifying  parties  shall  not have the right to direct the
defense of such action on behalf of the indemnified party or parties), in any of
which  events such fees and expenses of one additional counsel shall be borne by
the  indemnifying  party;  provided,  however, that the indemnifying party shall
not,  in connection with any one action or separate but substantially similar or
related  actions  in  the  same  jurisdiction  arising  out  of the same general
allegations  or  circumstance, be liable for the reasonable fees and expenses of
more  than  one  separate firm of attorneys at any time for all such indemnified
parties.  No settlement of any action or proceeding against an indemnified party
shall  be  made  without  the  consent  of  the  indemnifying  party.

F.   In order to provide for just and equitable contribution in circumstances in
which  the  indemnification  provided  for  in  Section  7(A)  or 7(B) is due in
accordance  with  its  terms  but  is  for  any  reason  held  by  a court to be
unavailable  on  grounds  of  policy or otherwise, the Company and the Placement
Agent  shall contribute to the aggregate losses, claims, damages and liabilities
(including  legal  or  other expenses reasonably incurred in connection with the
investigation  or  defense of same) which the other may incur in such proportion
so  that  the  Placement  Agent  shall  be  responsible  for such percent of the
aggregate  of  such  losses,  claims, damages and liabilities as shall equal the
percentage  of  the  gross  proceeds paid to the Placement Agent and the Company
shall  be  responsible for the balance; provided, however, that no person guilty
of  fraudulent misrepresentation within the meaning of Section 11(f) of the 1933
Act shall be entitled to contribution from any person who was not guilty of such
fraudulent  misrepresentation.  For  purposes  of  this Section 7(F), any person
controlling,  controlled by or under common control with the Placement Agent, or
any  partner,  director,  officer,  employee, representative or any agent of any
thereof,  shall  have the same rights to contribution as the Placement Agent and
each  person controlling, controlled by or under common control with the Company
within  the  meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act
and  each officer of the Company and each director of the Company shall have the
same  rights to contribution as the Company.  Any party entitled to contribution
will,  promptly  after  receipt of notice of commencement of any action, suit or
proceeding  against  such party in respect of which a claim for contribution may
be  made against the other party under this Section 7(D), notify such party from
whom  contribution may be sought, but the omission to so notify such party shall
not  relieve  the party from whom contribution may be sought from any obligation
they  may have hereunder or otherwise if the party from whom contribution may be
sought  is  not  materially  prejudiced  thereby.

G.   The indemnity and contribution agreements contained in this Section 7 shall
remain  operative  and  in full force and effect regardless of any investigation
made  by  or  on  behalf  of  any  indemnified person or any termination of this
Agreement.

H.   The  Company  hereby  waives,  to  the fullest extent permitted by law, any
right  to  or  claim  of any punitive, exemplary, incidental, indirect, special,
consequential  or other damages (including, without limitation, loss of profits)
against the Placement Agent and each officer, director, shareholder, employee or
representative of the placement agent and each person controlling, controlled by
or  under  common control with the Placement Agent within the meaning of Section
15  of  the  1933 Act or Section 20 of the 1934 Act or the Rules and Regulations
arising  out  of  any cause whatsoever (whether such cause be based in contract,
negligence, strict liability, other tort or otherwise). Notwithstanding anything
to the contrary contained herein, the aggregate liability of the Placement Agent
and  each  officer,  director,  shareholder,  employee  or representative of the
Placement  Agent  and  each  person  controlling,  controlled by or under common
control  with  the  Placement Agent within the meaning of Section 15 of the 1933
Act  or Section 20 of the 1934 Act or the Rules and Regulations shall not exceed
the  compensation  received by the Placement Agent pursuant to Section 2 hereof.
This  limitation  of  liability  shall  apply regardless of the cause of action,
whether  contract, tort (including, without limitation, negligence) or breach of
statute  or  any  other  legal  or  equitable  obligation.

8.   Payment  of  Expenses.
     ---------------------

     The  Company  hereby  agrees to bear all of the expenses in connection with
the Offering, including, but not limited to the following: filing fees, printing
and duplicating costs, advertisements, postage and mailing expenses with respect
to  the  transmission  of Offering Materials, registrar and transfer agent fees,
escrow  agent  fees and expenses, fees of the Company's counsel and accountants,
issue  and  transfer  taxes,  if  any.

9.   Conditions  of  Closing.
     -----------------------

     The  Closing  shall  be held at the offices of the Investor or its counsel.
The  obligations  of  the  Placement  Agent  hereunder  shall  be subject to the
continuing accuracy of the representations and warranties of the Company and the
Investor  herein  as  of  the  date  hereof  and  as of the Date of Closing (the
"Closing Date") with respect to the Company or the Investor, as the case may be,
 ------------
as if it had been made on and as of such Closing Date; the accuracy on and as of
the  Closing Date of the statements of the officers of the Company made pursuant
to the provisions hereof; and the performance by the Company and the Investor on
and as of the Closing Date of its covenants and obligations hereunder and to the
following  further  conditions:

A.   Upon  the  effectiveness  of  a registration statement covering the Standby
Equity  Distribution  Agreement,  the  Investor  and  the  Placement Agent shall
receive  the  opinion  of  Counsel to the Company, dated as of the date thereof,
which  opinion  shall  be  in  form and substance reasonably satisfactory to the
Investor,  their  counsel  and  the  Placement  Agent.

B.   At or prior to the Closing, the Investor and the Placement Agent shall have
been  furnished  such  documents, certificates and opinions as it may reasonably
require  for  the  purpose  of  enabling them to review or pass upon the matters
referred  to  in  this  Agreement  and  the  Offering  Materials, or in order to
evidence  the  accuracy,  completeness  or  satisfaction  of  any  of  the
representations,  warranties  or  conditions  herein  contained.

C.   At  and prior to the Closing, (i) there shall have been no material adverse
change  nor  development  involving  a  prospective  change  in the condition or
prospects  or  the  business  activities, financial or otherwise, of the Company
from  the  latest  dates as of which such condition is set forth in the Offering
Materials; (ii) there shall have been no transaction, not in the ordinary course
of  business  except  the  transactions  pursuant  to  the  Securities  Purchase
Agreement  entered  into  by  the  Company on the date hereof which has not been
disclosed  in the Offering Materials or to the Placement Agent in writing; (iii)
except  as  set  forth  in  the  Offering Materials, the Company shall not be in
default  under  any  provision  of  any  instrument  relating to any outstanding
indebtedness  for  which  a waiver or extension has not been otherwise received;
(iv)  except  as set forth in the Offering Materials, the Company shall not have
issued any securities (other than those to be issued as provided in the Offering
Materials)  or  declared  or  paid  any dividend or made any distribution of its
capital  stock  of  any  class  and  there shall not have been any change in the
indebtedness  (long  or short term) or liabilities or obligations of the Company
(contingent or otherwise)  and trade payable debt; (v) no material amount of the
assets  of the Company shall have been pledged or mortgaged, except as indicated
in  the  Offering Materials; and (v) no action, suit or proceeding, at law or in
equity,  against  the  Company  or affecting any of its properties or businesses
shall  be  pending  or  threatened  before  or  by any court or federal or state
commission,  board  or other administrative agency, domestic or foreign, wherein
an unfavorable decision, ruling or finding could materially adversely affect the
businesses, prospects or financial condition or income of the Company, except as
set  forth  in  the  Offering  Materials.

D.   If  requested at Closing the Investor and the Placement Agent shall receive
a  certificate of the Company signed by an executive officer and chief financial
officer,  dated  as of the applicable Closing, to the effect that the conditions
set  forth  in  subparagraph  (C)  above have been satisfied and that, as of the
applicable  closing, the representations and warranties of the Company set forth
herein  are  true  and  correct.

E.   The  Placement Agent shall have no obligation to insure that (x) any check,
note, draft or other means of payment for the Common Stock will be honored, paid
or enforceable against the Investor in accordance with its terms, or (y) subject
to  the performance of the Placement Agent's obligations and the accuracy of the
Placement  Agent's representations and warranties hereunder, (1) the Offering is
exempt  from  the  registration  requirements  of the 1933 Act or any applicable
state  "Blue  Sky"  law  or  (2)  the  Investor  is  an  Accredited  Investor.

10.  Termination.
     -----------
     This Agreement shall be co-terminus with, and terminate upon the same terms
and conditions as those set forth in, the Standby Equity Distribution Agreement.
The  rights  of  the  Investor  and  the  obligations  of  the Company under the
Registration  Rights  Agreement,  and  the rights of the Placement Agent and the
obligations  of  the  Company  shall  survive  the termination of this Agreement
unabridged.

11.  Miscellaneous.
     -------------

A.   This Agreement may be executed in any number of counterparts, each of which
shall  be  deemed to be an original, but all which shall be deemed to be one and
the  same  instrument.

B.   Any  notice  required  or permitted to be given hereunder shall be given in
writing  and shall be deemed effective when deposited in the United States mail,
postage  prepaid,  or  when  received  if  personally  delivered  or faxed (upon
confirmation  of receipt received by the sending party), addressed as follows to
such  other  address  of  which  written  notice  is  given  to  the  others):

If  to  Placement  Agent,  to:     Duncan  Capital  Group

                                   Attention:
                                   Telephone:
                                   Facsimile:

If  to  the  Company,  to:         China  World  Trade  Corporation

With  a  copy  to:                 Kirkpatrick  &  Lockhart  LLP
                                   201 South Biscayne Boulevard - Suite 2000
                                   Miami,  Florida  33131-2399
                                   Attention:  Clayton  E.  Parker,  Esq.
                                   Telephone:  (305)  539-3300
                                   Facsimile:  (305)  358-7095

If  to  the  Investor:             Cornell  Capital  Partners,  LP
                                   101  Hudson  Street  -  Suite  3700
                                   Jersey  City,  New  Jersey  07302
                                   Attention:  Mark  A.  Angelo
                                   Portfolio  Manager
                                   Telephone:  (201)  985-8300
                                   Facsimile:  (201)  985-8266

With  copies  to:                  David  Gonzalez,  Esq.
                                   101  Hudson  Street  -  Suite  3700
                                   Jersey  City,  NJ  07302
                                   Facsimile:  (201)  985-8266

C.   This Agreement shall be governed by and construed in all respects under the
laws  of  the  State of ____, without reference to its conflict of laws rules or
principles.  Any  suit,  action,  proceeding  or  litigation  arising  out of or
relating  to  this  Agreement shall be brought and prosecuted in such federal or
state court or courts located within the State of New Jersey as provided by law.
The  parties  hereby irrevocably and unconditionally consent to the jurisdiction
of  each  such  court  or  courts  located within the State of New Jersey and to
service of process by registered or certified mail, return receipt requested, or
by  any  other  manner  provided  by  applicable law, and hereby irrevocably and
unconditionally  waive  any  right to claim that any suit, action, proceeding or
litigation  so  commenced  has  been  commenced  in  an  inconvenient  forum.

D.   This  Agreement  and  the  other  agreements  referenced herein contain the
entire  understanding  between  the  parties  hereto  and may not be modified or
amended except by a writing duly signed by the party against whom enforcement of
the  modification  or  amendment  is  sought.

E.   If  any  provision  of  this  Agreement  shall  be  held  to  be invalid or
unenforceable,  such  invalidity  or unenforceability shall not affect any other
provision  of  this  Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

     IN  WITNESS  WHEREOF, the parties hereto have executed this Agreement as of
the  date  first  written  above.

     COMPANY:
     CHINA  WORLD  TRADE  CORPORATION

     By:    /s/  John  Hui
            --------------
     Name:  John  Hui
     Title: CEO  &  Vice  Chairman

     PLACEMENT  AGENT:
     DUNCAN  CAPITAL  GROUP

     By:
     Name:
     Title:

     INVESTOR:
     CORNELL  CAPITAL  PARTNERS,  LP

     BY:    YORKVILLE  ADVISORS,  LLC
     ITS:   GENERAL  PARTNER

     By:    /s/  Mark  A.  Angelo
            ---------------------
     Name:  Mark  A.  Angelo
     Title: Portfolio  Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00077-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00077-of-00352.parquet"}]]