Document:

Exhibit
      10.23

     

    FINANCIAL
      ADVISORY AGREEMENT

    

    THIS
      FINANCIAL ADVISORY AGREEMENT ("Agreement" or "FAA") is made and entered into
      on
      the 15th of March, 2006, by and between HFG International, Limited, a Hong
      Kong
      corporation ("HFG"), and Wonder
      Auto Group,
      a Hong
      Kong corporation (the "Company").

    

    W
      I T N E
      S S E T H:

    

    WHEREAS,
      the Company desires to engage HFG to provide certain financial advisory and
      consulting services as specifically enumerated below commencing as of the date
      hereof related to the Restructuring, the Going Public Transaction and the
      Post-Transaction Period (each as hereinafter defined), and HFG is willing to
      be
      so engaged; and

    

    WHEREAS,
      HFG will advise the Company with regard to matters related to their efforts
      to
      complete a capital raising transaction generating gross offering proceeds of
      $20
      million USD (the "Financing"), $12 million for the Company and $8million to
      purchase shares from current shareholders of the Company.

    

    NOW,
      THEREFORE, for and in consideration of the covenants set forth herein and the
      mutual benefits to be gained by the parties hereto, and other good and valuable
      consideration, the receipt and adequacy of which are now and forever
      acknowledged and confessed, the parties hereto hereby agree and intend to be
      legally bound as follows:

    

    1. Retention.
      As of
      the date hereof, the Company hereby retains and HFG hereby agrees to be retained
      as the Company's exclusive financial advisor during the term of this Agreement.
      The Company acknowledges that HFG shall have the right to engage third parties
      to assist it in its efforts to satisfy its obligations hereunder. In its
      capacity as a financial advisor to the Company, HFG will:

    

    
      	 	
              A.

            	
              Restructuring
                and Going Public Transaction.

            

    

    

    (i) consult
      on the implementation of a restructuring plan (the "Restructuring") resulting
      in
      an organizational structure that will allow the Company to complete the Going
      Public Transaction;

    

    (ii) assist
      the Company in evaluating the manner of effecting a going public transaction
      with a public shell corporation ("Pubco") domiciled in the United States of
      America, quoted on the "OTC BB" (a "Going Public Transaction"). Subject to
      completion of the due diligence, which demonstrates to HFG's sole satisfaction
      that the Company is a suitable candidate for the Going Public Transaction,
      the
      Company's timely completion of a U.S. GAAP audit by April 30, 2006, and all
      required legal filings and review, HFG will use its best efforts to complete
      the
      Going Public Transaction and the Financing by May 31, 2006.

    

    HFG
      acknowledges that the Pubco has no assets or liabilities of any kind and is
      not
      subject to any contingent legal liabilities, and HFG shall be responsible for
      any loss suffered by the Company as a result of any legal liabilities in the
      Pubco prior to the date of Going Public Transaction.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (iii) The
      Company acknowledges that it has presented HFG with financial projections (the
      "2006 Projections") indicating that the Company will report net income of at
      least $8.57 million, with an allowable 5% grace margin equating to Net Income
      of
      $8.14 million USD for the fiscal year ending December 31, 2006 (the "2006
      Projected NI"), based upon an audit conducted in conformity with US GAAP and
      US
      based auditing standards. Actual reported net income for 2006 shall be referred
      to herein as ("2006 ARNI"),

    

    If
      2005
      ARNI equals $6.5 million USD or greater, the completion of the Going Public
      Transaction will result in the investors in the Financing, the current
      shareholders of Pubco and HFG (collectively, the "New Shareholders")
      controlling, in the aggregate, 41.8% of Pubco's issued and outstanding stock
      following consummation of the Going Public Transaction.

    

    The
      company acknowledges that in the event that 2005 ARNI comes in below $6.5
      million, HFG shall have the right, in its sole discretion, to either terminate
      this Agreement or renegotiate its terms.

    

    The
      Company and its shareholders further acknowledge that in the event the Company
      fails to meet the 2006 Projected NI, its current shareholders will deliver
      to
      the investors in the Financing and HFG shares of Pubco that they will receive
      as
      a result of their participation in the Going Public Transaction (the "Make
      Good
      Provision") based on the following:

    

    The
      Company's shareholders shall place into escrow that number of shares of Pubco,
      to which they shall be entitled upon consummation of the Going Public
      Transaction, representing an amount of shares equal to 30% of the total shares
      outstanding following the closing of the Going Public Transaction (the "Make
      Good Shares"). In the event the Company fails to report net income of $8.14
      million USD for fiscal 2006 the escrow agent will transfer collectively to
      the
      investors in the Financing and to HFG that number of Make Good Shares based
      from
      the following formula:

    

    (($8.14
      million- 2006 ARNI)/$8.14 million) X Make Good Shares

    

    The
      Company will ensure that the Make Good Shares will be delivered within ten
      business days of the date the audit for fiscal 2006 is completed and will be
      registered under Section 5 of the Securities Act of 1933 for purposes of resale,
      which registration statement shall be filed with the SEC within 30 days of
      the
      delivery of the Make Good Shares. The registration statement shall remain
      effective and the prospectus constituting a part thereof available for delivery
      in connection with the resale of the Make Good Shares for a period of 12 months
      commencing on the delivery date of the Make Good Shares.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    For
      the
      purpose of the Make Good Provision, in calculation of the 2006 ARNI, one time
      shell cost and one time legal expenses associated with the Going Public
      Transaction will not be deducted.

    

    For
      the
      purpose of the Make Good Provision, "Force Majeure" shall mean all events,
      which
      were unforeseeable at the time this Agreement is signed, the occurrence and
      consequences of which cannot be avoided or overcome, and which arises after
      this
      Agreement is signed and prevent total or partial performance by any Party of
      this Agreement. Such events shall include earthquakes, typhoons, flood, fire,
      war, failures of international or domestic transportation, acts of government
      or
      public agencies, epidemics, civil disturbances, strikes and any other instances
      which cannot be foreseen, avoided or overcome. If an event of Force Majeure
      occurs, the Company's shareholders' obligations under this Make Good Provision
      affected by such an event shall be excused, without assuming the liability
      of
      breach of this Agreement. The Party claiming Force Majeure shall promptly inform
      the other Party in writing and shall furnish within 30 days sufficient evidence
      of the occurrence and duration of such Force Majeure.

    

    
      	 	
              B.

            	
              Post
                Transaction Period

            

    

    

    Upon
      consummation of the Going Public Transaction, HFG agrees to:

    

    (i) coordinate
      and supervise a training program for the purpose of facilitating new
      management's operation of Pubco (the Company agrees that all costs and expenses
      charged by third party consultants introduced by HFG and engaged by the Company
      will be the sole responsibility of the Company);

    

    (ii) if
      necessary, coordinate the preparation by the Company's legal counsel of an
      information statement to be filed with the SEC to change Pubco's name and to
      in
      turn assist in obtaining a new CUSIP number and stock symbol for
      Pubco;

    

    (iii) oversee
      third party development by third parties of Pubco's investor relations efforts,
      which effort shall include (a) establishing a program for communicating with
      brokerage professionals, investment bankers and market makers; and (b) creating
      a complete investor relations strategy to be implemented in English and Chinese.
      The Company agrees that all costs and expenses charged by investor relations
      and
      press relations firms introduced by HFG and engaged by Pubco or the Company
      will
      be the sole responsibility of the Company;

    

    (iv) coordinate
      with the Company's legal counsel in the preparation and assembly of application
      materials for the listing of Pubco's common stock on a national exchange or
      quotation medium that may include, but shall not necessarily be limited to,
      the
      American Stock Exchange or the NASDAQ Stock Market;

    

    (v) assist
      in
      coordinating future capital raising transactions; and

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (vi) provide
      Pubco with such additional financial advisory services as may be reasonably
      requested, to the extent HFG has the expertise or legal right to render such
      services.

    

    2. Financing.
      The
      Financing will be accomplished under terms and conditions that are mutually
      agreeable to the issuer and the investors. Following the completion of the
      Financing and Going Public Transaction, assuming 2005 ARNI of $6.5 million,
      the
      resulting percentage ownership of the Pubco will be as follows:

    

      
        	
                Previous
                  Company Shareholders

              	
                58.2%

              
	 	 
	
                New
                  Shareholders

              	
                41.8%

              

      

       

    

    3. Financing
      Consideration.
      Subject
      to applicable law, any parties who facilitate the Financing will be paid a
      total
      cash amount equal to seven percent (7%) of the gross proceeds delivered upon
      consummation of a Financing.

    

    Company
      will also agree to reimburse any facilitators of the Financing for all
      documented travel, lodging and other expenses incurred while completing the
      Financing during the term of this Agreement on the condition that such expenses
      are agreed in advance by the Company. Reimbursement is to be made within 10
      days
      of receipt of a written request for reimbursement submitted to the
      Company.

    

    4. Financing
      Conditions.

    

    
      	 	
              A.

            	
              The
                Company acknowledges that the closing of a Financing will be contingent
                upon (a) the Company's commitment to ensure that Pubco files a
                registration statement with the U.S. Securities and Exchange Commission
                for the purpose of registering either the shares purchased in the
                Financing, or any security for which the purchased shares are exchanged,
                for resale, with offering proceeds not to be released from escrow
                until
                the registration statement is filed, (b) consummation of the Going
                Public
                Transaction in accordance with this FAA, and (c) the agreement by
                the
                Company that $500,000 of the net proceeds of the Financing will be
                placed
                into escrow and used for financial public and investor relations
                activities and the engagement of a US domiciled spokesperson(s)
                recommended by HFG for a period of at least 12 months following the
                closing of the Financing.

            

    

    

    
      	 	
              B.

            	
              HFG
                acknowledges that special permission must be obtained from the Company
                in
                the event that (a) an investor, other than the China Pinnacle Fund,
                wishes
                to make an investment that would result in a greater than 20% ownership
                in
                the Company after the Financing and Going Public Transaction and/or
                (b)
                less than 3 separate investors are participating in the
                Financing.

            

    

    

    5. Exclusivity.
      HFG
      shall have the exclusive right for a period of twelve months (the "Exclusivity
      Period") from the date of this Agreement to effect a Financing on behalf of
      the
      Company. However, the right of exclusivity granted hereunder shall terminate
      in
      the event HFG advises the Company that it either unwilling or unable to
      facilitate the Financing. In addition, the Company agrees that in the event
      that
      this Agreement is terminated for any reason, other than upon the completion
      of a
      Financing, it shall not enter into discussions or negotiations with or close
      a
      financing, regardless of terms, with any party introduced by HFG as a possible
      investor or placement agent for the Financing, each of which shall be listed
      on
      Schedule "A" to this Agreement at the time of introduction, for a period of
      two
      years following the date of termination of this Agreement.

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    6. Authorization.
      Subject
      to the terms and conditions of this Agreement, the Company hereby appoints
      HFG
      to act on a best efforts basis as its consultant during the Authorization Period
      (as hereinafter defined). HFG hereby accepts such appoint, with it being
      expressly acknowledged that HFG is acting in the capacity of independent
      contractor and not as agent of either the Company, affiliates of the Company
      resulting from the Restructuring, or Pubco.

    

    In
      addition, except in the event of an act constituting either willful misconduct
      or gross negligence on the part of HFG, the Company agrees that it will not
      hold
      HFG responsible in the event that either the Restructuring, the Financing or
      the
      Going Public Transaction is not consummated, nor shall it hold HFG liable for
      any damages suffered by the Company as a result of the Company's inability
      to
      consummate either the Restructuring, the Financing or the Going Public
      Transaction. However, in the event HFG commits an act constituting either
      willful misconduct or gross negligence which makes it impossible to complete
      either the Financing or the Going Public Transaction, HFG shall indemnify the
      Company against all costs, including legal, accounting and other fees and
      expenses, arising from the Company's efforts to complete the Financing and
      the
      Going Public Transaction. It is expressly acknowledged by the Company that
      HFG
      shall not render legal or accounting advice in connection with the services
      to
      be provided herein. HFG shall have the right to recommend the legal and
      accounting professionals for the transactions contemplated herein.

    

    7. Authorization
      Period.
      HFG's
      engagement hereunder shall become effective on the date hereof (the "Effective
      Date") and will automatically terminate (the "Termination Date") on the first
      to
      occur of the following: (a) either party exercises their right of termination
      as
      provided for in this FAA, (b) the Company's breach of its covenants herein
      or
      (c) 12 months from the Effective Date. This Agreement may be extended beyond
      the
      Termination Date if both parties mutually agree in writing. Except as to certain
      obligations of the Company under Section 5. hereof, this Agreement shall also
      terminate immediately upon the mutual decision of the parties not to move
      forward with the Restructuring, the Financing or the Going Public
      Transaction.

    

    8. Fees
      and Expenses.
      Simultaneous with the closing of the Going Public Transaction, the Company
      shall
      pay to HFG a fee of US $450,000 (the "Fee"), via wire transferred funds,
      directly from the proceeds of the Financing.

    

    In
      addition, the Company shall reimburse HFG for all documented travel and lodging
      expenses incurred by HFG personnel for providing the services under this
      Agreement during the term of this Agreement on the condition that such expenses
      are agreed in advance by the Company. Reimbursement is to be made within 10
      days
      of receipt of a written request for reimbursement submitted to the
      Company.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    9.  Due
      Diligence and Auditabilty.
      HFG
      shall have the right to perform a due diligence investigation of the Company
      that demonstrates to HFG's sole satisfaction that the Company is a suitable
      candidate for the Going Public Transaction, which due diligence investigation
      shall include consultation with the Company's independent audit firm regarding
      the auditablity of the Company in accordance with US GAAP. HFG shall have the
      right to terminate this Agreement in the event it determines that there exists
      a
      material and non-curable due diligence matter. The Company shall also have
      the
      right to perform a due diligence investigation of the Pubco.

    

    10. Indemnification.
      The
      parties hereto shall indemnify each other to the extent provided for in this
      paragraph. Except as a result of an act of gross negligence or willful
      misconduct on the part of a party hereto, no party shall be liable to another
      party, or its officers, directors, employees, shareholders or affiliates, for
      any damages sustained as a result of an act or omission taken or made under
      this
      Agreement. In those cases where gross negligence or willful misconduct of a
      party is alleged and proven, the non-damaged party agrees to defend, indemnify
      and hold the damaged party harmless from and against any and all reasonable
      costs, expenses and liabilities suffered or sustained as a result of the act
      of
      gross negligence or willful misconduct.

    

    11. Governing
      Law.
      This
      Agreement shall be governed by the laws of the Peoples Republic of China and
      any
      dispute arising hereunder shall be submitted for binding arbitration to the
      China Foreign Trade Commission Arbitration Committee in Beijing.

    

    It
      is
      understood that this Agreement will be prepared and executed in both the English
      and Chinese languages, with both versions having legal efficacy. If a dispute
      arises as to the interpretation of a particular provision of this Agreement
      because of differences between the Chinese and English languages, the dispute
      shall be resolved in accordance with the provisions of the preceding paragraph
      of this Section
      11.

    

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the day and
      year
      first above written.

     

    
      	 	 	 
	 	
              HFG:

               

              HFG
                International, Limited

            
	 
 	 
 	 
 
	 	By:  	/s/Timothy
              P.
              Halter
	 	
              
Timothy
              P. Halter, 
	 	Its:
              President

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    
      	 	 	 
	 	
              The
                Company:

              Wonder
                Auto Group

            
	 
 	 
 	 
 
	 	By:  	/s/
              Zhao Qing Jie
	 	
              
Name:
              Mr. Zhao QingJie
	 	Its:
              Chairman

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    SCHEDULE
      A

    

    
      	
              NAME
                OF POTENTIAL INVESTOR

            	 	
              DATE
                INTRODUCED

            
	 	 	 
	 	 	 
	 	 	 
	 	 	 

    

    

    
      
         

      

      
        8Exhibit
      10.24

    

    ASSIGNMENT
      AND ASSUMPTION AGREEMENT

    

    THIS
      ASSIGNEMENT AND ASSUMPTION AGREEMENT (“Agreement”) is made and entered into on
      this the 31st day of May, 2006, by and among between HFG International, Limited,
      a Hong Kong corporation (“HFG”), Wonder Auto Group, a Hong Kong corporation (the
      "Company) and Wonder Auto Limited, a company organized under the laws of The
      British Virgin Islands (“Wonder”).

    

    W
      I T N E
      S S E T H:

    

    WHEREAS,
      HFG and the Company have entered into that certain Financial Advisory Agreement
      (the “FAA”) dated March 15, 2006;

    

    WHEREAS,
      the Company desires to assign its rights and obligations under the FAA to Wonder
      and Wonder is willing to assume all rights and obligations of the Company under
      the FAA; and 

    

    WHEREAS,
      HFG is willing to consent to the assignment by the Company of its rights and
      obligations under the FAA to Wonder.

    

    NOW,
      THEREFORE, for and in consideration of the covenants set forth herein and the
      mutual benefits to be gained by the parties hereto, and other good and valuable
      consideration, the receipt and adequacy of which are now and forever
      acknowledged and confessed, the parties hereto hereby agree and intend to be
      legally bound as follows:

    

    1. Assignment
      and Assumption. Upon
      the
      execution of this Agreement by the parties hereto, all rights and obligations
      of
      the Company under the FAA shall be assigned to and assumed by Wonder, with
      HFG
      hereby consenting to such action.

    

    2.
      Governing Law.
      This
      Agreement shall be governed by the laws of the Peoples Republic of China and
      any
      dispute arising hereunder shall be submitted for binding arbitration to the
      China Foreign Trade Commission Arbitration Committee in Beijing. 

    

    It
      is
      understood that this Agreement will be prepared and executed in both the English
      and Chinese languages, with both versions having legal efficacy. If a dispute
      arises as to the interpretation of a particular provision of this Agreement
      because of differences between the Chinese and English languages, the dispute
      shall be resolved in accordance with the provisions of the Chinese
      version.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the day and
      year
      first above written.

     

    
      	 	 	 
	 	
              HFG:

              

              HFG
                International, Limited

            
	 
 	 
 	 
 
	 	By:  	/s/Timothy
              P.
              Halter
	 	
              
Timothy
              P. Halter,
	 	Its:
              President

    

     

    
      	 	 	 
	 	
              The
                Company:

              

              Wonder
                Auto Group

            
	 
 	 
 	 
 
	 	By:  	/s/Zhao
              Qing Jie
	 	
              
Zhao
              Qing Jie
	 	Its:
              Chief
              Executive Officer

      	 	 	 
	 	
              Wonder:

              

              Wonder
                Auto Limited

            
	 
 	 
 	 
 
	 	By:  	/s/Zhao
              Qing Jie
	 	
              
Zhao
              Qing Jie
	 	Its:
              Chief
              Executive Officer

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