Document:

EXHIBIT 10.2

                      (REFERENCE DATE: FEBRUARY 5TH, 2007)
                     WORLDSTAR ENERGY, CORP. (THE "COMPANY")
                             OUTSIDE US TRANSACTION
                        SECURITIES SUBSCRIPTION AGREEMENT

THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE UNITED STATES  SECURITIES AND
EXCHANGE  COMMISSION  ("SEC") UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE "ACT") OR THE SECURITIES COMMISSION OF ANY STATE OR UNDER ANY STATE
SECURITIES  LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S.
PERSONS (AS DEFINED  HEREIN) WITHOUT  REGISTRATION  UNDER THE ACT AND APPLICABLE
STATE SECURITIES LAWS, UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE.  THIS
SUBSCRIPTION  AGREEMENT  DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION
OF AN OFFER TO BUY, ANY OF THE  SECURITIES  OFFERED  HEREBY TO ANY PERSON IN ANY
JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

This Subscription  Agreement (this "Agreement") when executed by the undersigned
(the  "Subscriber")  and the Company is made in connection with the subscription
by the Subscriber  for the number of shares of common stock (the  "Securities"),
no par value of WorldStar  Energy,  Corp., a company organized under the laws of
the State of Nevada (the  "Company").  The Company is offering the Securities to
the  Subscriber,  (per Term  Sheet  attached  as  Exhibit  A) at the price  (the
Purchase Price") of $0.25 per Common Share (all figures herein are US dollars) .
Completion of the sale of the  Securities  hereunder will occur at the Company's
offices on a date (the  "Closing  date") which will be determined by the Company
and  occur  within  3 days of (i) the date of  receipt  of this  Agreement  duly
completed and executed by the Subscriber  together with  confirmation that funds
equal to the number of  Subscribed  Shares times the  Purchase  Price (the Total
Purchase  Price")  has  been  paid  to  the  Company's  subsidiary  Bulgan  Gold
Investments  Ltd.  ("BGI"),  a Hong  Kong  corporation  and (2) the  receipt  of
executed Subscription  Agreements from other Subscribers,  which when aggregated
with this agreement,  will provide for the issuance and sale of total 22 million
Common Shares representing cash proceeds of $5.5 million received by BGI.

1.      EXEMPT  OFFERING.  The Company is offering the Securities pursuant to an
exemption from the  registration  requirements of the Act to parties who are not
U.S.  Persons  as  defined  in Rule  902(k) of  Regulation  S  ("Regulation  S")
promulgated  under the United  States  Securities  Act of 1933 (the "Act").  The
Subscriber hereby subscribes for the above number of Securities in consideration
for the payment of $025 per Common Shares such aggregate amount being herein the
Total Purchase Price such amount being payable to BGI.
..;

2.      REPRESENTATIONS AND WARRANTIES OF SUBSCRIBER.  The Subscriber represents
and warrants to and covenants with the Company as follows:

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        (a) The Subscriber, if a corporation,  partnership, trust or other legal
        entity has been duly formed and validly  exists in good  standing  under
        the laws of its  jurisdiction  of formation  set forth on the  signature
        page to this  Agreement or is an individual not a citizen or resident of
        the United States. The Subscriber is not organized under the laws of the
        United  States,  is not a "U.S.  Person" as that term is defined in Rule
        902(k) of Regulation S ("Regulation  S"), is not a "distributor" as that
        term is defined in Rule 902(d) of Regulation S and is not an "affiliate"
        of the Company as that term is used in regulations promulgated under the
        Act, nor associated  with any individual or entity that may be deemed an
        "affiliate" of the Company as of the date hereof.

        (b) The  Subscriber  was not formed  for the  purpose  of  investing  in
        Regulation S securities  or formed for the purpose of entering into this
        Agreement and investing in the Securities of the Company. The Subscriber
        is not  registered  as an  issuer  under the  Securities  Act and is not
        required  to  be  registered  with  the  U.S.  Securities  and  Exchange
        Commission  under the  Investment  Company Act of 1940, as amended.  The
        Subscriber is entering into this Agreement and is  participating  in the
        offering  for its own account,  and not on behalf of any U.S.  Person as
        defined in Rule 902(k) of Regulation S.

        (c) No offer to enter into this  Agreement  has been made by the Company
        to the  Subscriber  in the United  States other than as permitted in the
        case of an account managed by a professional  fiduciary  resident in the
        United States  within the meaning of Section  902(k)(2) of Regulation S.
        At the times of the offer and  execution of this  Agreement  and, to the
        best knowledge of the Subscriber,  at the time the offering  originated,
        the Subscriber was located and resident outside the United States, other
        than as  permitted in the case of an account  managed by a  professional
        fiduciary  resident in the United  States  within the meaning of Section
        902(k)(2) of Regulation S.

        (d) Neither the Subscriber,  nor any of its  affiliates,  nor any person
        acting on its behalf or any behalf of on such  affiliate  has engaged or
        will  engage in any  activity  undertaken  for the  purpose  of, or that
        reasonably  could be  expected to have the effect of,  conditioning  the
        markets in the United States for the  Securities  or for any  securities
        that are  convertible  into or  exercisable  for the Common Stock of the
        Company,  including but not limited to effecting any sale or short sales
        of  the  Company's  securities  through  the  Subscriber  or  any of its
        affiliates prior to the expiration of any restricted period contained in
        Regulation  S (any such  activity  being  defined  herein as a "Directed
        Selling  Effort").  To  the  best  knowledge  of the  undersigned,  this
        Agreement  and the  transactions  contemplated  herein are not part of a
        plan or scheme to evade the registration  provisions of the Act, and the
        Securities  are  being   purchased  for   investment   purposes  by  the
        Subscriber. The Subscriber and, to the best knowledge of the Subscriber,
        each distributor,  if any,  participating in this offering of Securities
        have agreed that all offers and sales of any Securities  included in the
        offering  prior to the date hereof and through the expiration of the any
        restricted period set forth in Rule 903 of Regulation S (as the same may
        be  amended  from  time to  time  hereafter)  shall  not be made to U.S.
        Persons and shall otherwise be made in compliance with the provisions of
        Regulation S and any other applicable  provisions of the Securities Act.
        The Subscriber and its  representatives  have not conducted any Directed
        Selling  Effort  as that  term  is  used  and  defined  in  Rule  902 of
        Regulation  S and will not engage in any such  Directed  Selling  Effort
        within the United States through the expiration of any restricted period
        set forth in Rule 903 of Regulation S.

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        (e) The Subscriber  acknowledges  that the Subscriber has been furnished
        with the Summary of Principal Offering Terms, attached hereto as Exhibit
        A, which sets forth  certain of the relevant  terms of this  investment.
        The Company  agrees hereby to waive the  accelerated  expiry  provisions
        during the period,  the  Subscriber's  Shares or Warrant  Shares  remain
        subject  to a hold  period  or other  restriction  under the laws of the
        Subscriber's jurisdiction of residence. The Subscriber acknowledges that
        the Company has made available to Subscriber all of the Company's annual
        reports  and  reports on Form 10-K filed  with the SEC  pursuant  to the
        United States Securities Exchange Act of 1934, as amended (the "Exchange
        Act")  since  January 1, 2000,  and all press  releases  of the  Company
        issued  subsequent  to the  date of the  most  recent  of such  reports,
        through the date hereof, as well as such other documents,  materials and
        information  as  the  Subscriber  deems  necessary  or  appropriate  for
        evaluating an investment in the Company.  The  Subscriber  confirms that
        the Subscriber has had the  opportunity to ask questions of, and receive
        answers from,  the Company and persons  acting on its behalf  concerning
        the terms and conditions of the offering and the  information  contained
        in such  materials,  and all such  questions  have been  answered to the
        Subscriber's  full  satisfaction.  The Subscriber  acknowledges that the
        Company has not and need not provide a prospectus,  offering  memorandum
        or  other  specific   disclosure   document  in  connection   with  this
        Subscription.

        (f) The Subscriber has such experience in business and financial matters
        that it is capable of  evaluating  merits and risks of an  investment in
        the Securities and determining the suitability of its investment.

        (g) The Subscriber is not a resident or subject to the laws of Ontario;

        (h)  The  Subscriber  is  purchasing  the  Securities  beneficially  for
        himself/herself  as principal,  or is a trust  company,  an insurer or a
        portfolio  manager which is purchasing  the Securities for accounts that
        are fully managed by the Subscriber.

        (i) The Subscriber  confirms that no person has made any written or oral
        representation to the Subscriber:

             (i) that any person will resell or repurchase the Securities;

             (ii) relating to the future price or value of the Securities;

             (iii) that the Securities  will be listed and posted for trading on
             a stock exchange or that application has been made to list and post
             the Securities for trading on a stock exchange,  other than the OTC
             Bulletin Board; and

             (iv) the  Subscriber is ordinarily  resident at the address set out
             in this subscription.

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        (j) The  Subscriber  will  promptly  notify the Company of any  material
        change in any  representation  or  warranty  of the  Subscriber  in this
        Agreement  between the time this Agreement is made and the completion of
        the purchase and sale of the Securities.

        (k) The  Subscriber  is not a resident  of, and will not make any direct
        selling or  marketing  efforts with  respect to the  Securities  within,
        Canada.

        (l) The Subscriber  understands and  acknowledges  that an investment in
        the  Securities  involves a high  degree of risk,  including  a possible
        total loss of investment.  The Subscriber represents that the Subscriber
        is able to bear the economic risk of an investment in the Securities. In
        making this statement the Subscriber hereby represents and warrants that
        the  Subscriber  has adequate  means of providing  for the  Subscriber's
        current  needs and  contingencies,  and that the  Subscriber  is able to
        afford to hold the Securities  for an indefinite  period.  Further,  the
        Subscriber  represents  that  the  Subscriber  has no  present  need for
        liquidity in the  Securities;  the Subscriber can afford a complete loss
        of its  investment in the  Securities;  and the Subscriber is willing to
        accept  such  investment   risks.  The  Subscriber   confirms  that  the
        Subscriber is acquiring the Securities  solely for the  Subscriber's own
        account,  for  investment,  and not with a view to the  distribution  or
        resale of such Securities.

        (m) The  Subscriber  understands  that no United States federal or state
        agency or Canadian federal or provincial agency or similar agency of any
        other  jurisdiction  has  passed  upon or  made  any  recommendation  or
        endorsement of the Company, this transaction or the Securities.

        (n) The Subscriber  knows of no public  solicitation or advertisement of
        an  offer  in  connection  with the  proposed  issuance  and sale of the
        Securities.

(o)      The  Subscriber  covenants  that  Subscriber  will not  make any  sale,
         transfer or other  disposition  of the  Securities  in violation of the
         Act,  the  Exchange  Act,  or the  rules  and  regulations  of the  SEC
         promulgated thereunder.

        (p) The  Subscriber  acknowledges  that  the  Securities  have  not been
        registered  under the Act, and are  "restricted  securities"  within the
        meaning of Rule 144 of the Act.  Accordingly,  the Subscriber undertakes
        and agrees that it will not  knowingly  offer or sell the  Securities in
        the  United  States  or to a  U.S.  Person  unless  the  Securities  are
        registered  under the 1933 Act and the securities laws of all applicable
        states of the  United  States  or an  exemption  from such  registration
        requirements is available.  The Subscriber  understands that the Company
        has  no  obligation  or  present  intention  of  filing  a  registration
        statement under the 1933 Act in respect of the Securities;

        (q) The  Subscriber  acknowledges  and agrees that the  Subscriber  will
        offer,  sell,  pledge or otherwise  transfer the Securities  only (i) in
        accordance  with Rule 904 of  Regulation S of the Act;  (ii) pursuant to
        registration  under the Act; or (iii)  pursuant to an exemption from the
        registration   requirements   of  the  Act.   The   Subscriber   further
        acknowledges  and agrees that the Securities and the Warrant Shares will
        continue to be "restricted securities" within the meaning of Rule 144 of

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        the Act notwithstanding any resale pursuant to Rule 904 of Regulation S.
        The Subscriber  acknowledges that this Agreement and the Securities have
        not been  registered  under the Securities Act or qualified  under state
        securities laws of the United States and that the transferability hereof
        and thereof within the  jurisdiction  of the United States is restricted
        by the  Securities  Act as well  as  such  state  laws.  The  Subscriber
        acknowledges  that the  Securities  are being sold in reliance  upon the
        transaction  exemption  afforded by Regulation S in  connection  with an
        offshore  offer and sale of  securities  of the  Company  not  within or
        subject to the jurisdiction of the United States markets.

        (r) The Subscriber has the full power and authority to execute,  deliver
        and perform this Agreement,  and to perform its  obligations  hereunder.
        This  Agreement  has been  duly  approved  by all  necessary  action  of
        Subscriber,  including any necessary  shareholder and director approval,
        has  been  executed  by  persons  duly  authorized  by  Subscriber,  and
        constitutes  a valid  and  legally  binding  obligation  of  Subscriber,
        enforceable in accordance with its terms except as enforceability may be
        limited by applicable bankruptcy, insolvency, reorganization, moratorium
        or similar laws  relating to or affecting  creditors'  rights  generally
        from time to time in effect,  and except that equitable remedies may not
        in all cases be  available  (regardless  or  whether  enforceability  is
        considered  in a  proceeding  at law or in  equity)  (collectively,  the
        "Remedies  Exception").  The  Subscriber  hereby  agrees  that this once
        executed and delivered by the Subscriber to the Company  subscription is
        irrevocable.

        (s) The  Subscriber  acknowledges  that  Subscriber  has been advised to
        consult with its own attorney  regarding  legal matters  concerning  the
        Company  and this  transaction,  and to  consult  with  its tax  advisor
        regarding the tax consequences of investing in the Securities.

        (t) The  Subscriber  understands  that all  certificates  evidencing the
        Securities and the Warrant Shares will bear the following legend and any
        other legend,  if such legend or legends are reasonably  required by the
        Company to comply with state, federal or foreign law:

                  THE SECURITIES  REPRESENTED  HEREBY HAVE NOT BEEN AND WILL NOT
                  BE REGISTERED UNDER THE UNITED STATES  SECURITIES ACT OF 1933,
                  AS  AMENDED  (THE  "U.S.  SECURITIES  ACT")  AND  MAY  NOT  BE
                  EXERCISED,  OFFERED OR SOLD WITHIN THE UNITED  STATES OR TO OR
                  FOR THE ACCOUNT OF A "U.S.  PERSON" EXCEPT (A) TO THE COMPANY,
                  (B) OUTSIDE THE UNITED STATES IN  ACCORDANCE  WITH RULE 904 OF
                  REGULATION S UNDER THE U.S. SECURITIES ACT IF APPLICABLE,  (C)
                  INSIDE THE UNITED  STATES (1) PURSUANT TO THE  EXEMPTION  FROM
                  THE REGISTRATION  REQUIREMENTS OF THE U.S.  SECURITIES ACT AND
                  IN ACCORDANCE WITH APPLICABLE  STATE  SECURITIES  LAWS, OR (2)
                  PURSUANT TO AN EFFECTIVE  REGISTRATION  STATEMENT  PURSUANT TO
                  THE U.S. SECURITIES ACT, AND THE HOLDER HAS PRIOR TO SUCH SALE
                  FURNISHED TO THE COMPANY AN OPINION OF COUNSEL,  OF RECOGNIZED
                  STANDING,  REASONABLY  SATISFACTORY  TO THE  COMPANY.  HEDGING
                  TRANSACTIONS  MAY NOT BE CONDUCTED  UNLESS IN COMPLIANCE  WITH
                  THE U.S. SECURITIES ACT.

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                                      -6-

        (u)  The  Subscriber  agrees  not  to  engage  in  hedging  transactions
        regarding the Securities unless in compliance with the Act.

        (v) The Subscriber  acknowledges and agrees that the Company will refuse
        to register any transfer of the  Securities  not completed in accordance
        with the provision of Regulation S of the Act,  pursuant to registration
        under the Act or pursuant to an available exemption registration.

3.      REPRESENTATIONS  AND WARRANTIES OF THE COMPANY.   The Company represents
and warrants to and covenants with the Subscriber as follows:

        (a) each of the Company and BGI is a  corporation  or other legal entity
        duly organized,  validly existing and in good standing under the laws of
        the jurisdiction of its incorporation or organization, as applicable;

        (b) the  certificates  evidencing  the  Securities are in due and proper
        legal form and have been duly  authorized  for  issuance by the Company.
        The Subscribed Shares,  when issued and sold pursuant to this Agreement,
        will be duly and validly issued,  fully paid and non-assessable and none
        of them will be issued in violation of any  preemptive  or other similar
        right;

        (c) all  necessary  corporate  action has been duly and validly taken by
        the Company to authorize the execution, delivery and performance of this
        Agreement and the issuance and sale of the Securities by the Company;

        (d) no approval, consent, order, authorization, designation, declaration
        or  filing  of,  by or with  any  regulatory,  administrative  or  other
        governmental  body is necessary in  connection  with the  execution  and
        delivery  by the  Company of this  Agreement  except for filings to made
        after the Closing Date;

        (e) no person,  firm or  corporation  will be  entitled  to receive  any
        brokerage  fee,   commission  or  other  payment  from  the  Company  in
        connection  with  the  consummation  of  the  transactions  contemplated
        hereby,  and the Company  shall not make any such payment to any person,
        firm or corporation; and

        (f) the  Company is a public  reporting  issuer in the US trading on the
        OTC  Bulletin  Board and is not a  reporting  issuer in any  province in
        Canada.

4.       COVENANTS OF THE COMPANY.

        (a) The  Company  shall  timely  file all  reports  and other  documents
        required to be filed under the  Exchange  Act and,  upon  request,  will
        provide Subscriber copies of all such filings.

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                                      -7-

        (b) The Company  shall take  reasonable  steps to protect the privacy of
        the  Subscriber  and not  disclose  the terms of this  Agreement  or the
        Warrant, however a publicly accessible filing identifying the Subscriber
        and the amount invested may be required to be made.

5.      CONDITIONS  PRECEDENT TO THE OBLIGATIONS OF THE COMPANY.  The obligation
hereunder of the Company to issue and/or sell the  Securities to the  Subscriber
on the  Closing  Date is subject to the  satisfaction,  at or before the Closing
Date, of each of the  conditions set forth below.  These  conditions are for the
Company's  sole benefit and may be waived by the Company at any time in its sole
discretion:

        (a) The Company shall have become the registered and beneficial owner of
        at least 98% of BGI and there  shall be no  dilutive  securities  of BGI
        which the Company does not own. The  representations  and  warranties of
        the Subscriber shall be true and correct as of the date hereof and as of
        the   Closing   Date,   as  though   made  at  such  time   (except  for
        representations  and  warranties as of an earlier  date,  which shall be
        true and correct in all material respects
         as of such date).

        (b) The Subscriber  shall have executed this Agreement and performed all
        agreements  and  satisfied  all  conditions  required to be performed or
        satisfied by the Subscriber at or prior to the Closing Date.

        (c) No statute,  rule,  regulation,  executive order, decree,  ruling or
        injunction shall have been enacted, entered,  promulgated or endorsed by
        any court or  governmental  authority  of competent  jurisdiction  which
        prohibits the  consummation of any of the  transactions  contemplated by
        this Agreement.

6.      CONDITIONS  PRECEDENT  TO  THE  OBLIGATIONS  OF  THE  SUBSCRIBER.    The
obligation  hereunder of the Subscriber to acquire and pay for the Securities on
the Closing Date is subject to the satisfaction,  at or before the Closing Date,
of  each  of the  conditions  set  forth  below.  These  conditions  are for the
Subscriber's sole benefit and may be waived by the Subscriber at any time in its
sole discretion:

        (a) The  representations and warranties of the Company shall be true and
        correct as of the date hereof and as of the Closing Date, as though made
        at such time (except for representations and warranties as of an earlier
        date,  which  shall be true and correct in all  material  respects as of
        such date).

        (b) The Company shall have  performed all  agreements  and satisfied all
        conditions  required to be  performed  or satisfied by the Company at or
        prior to the Closing Date.

        (c) No statute,  rule,  regulation,  executive order, decree,  ruling or
        injunction shall have been enacted, entered,  promulgated or endorsed by
        any court or  governmental  authority  of competent  jurisdiction  which
        prohibits the  consummation of any of the  transactions  contemplated by
        this Agreement.

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                                      -8-

7.      SURVIVAL  OF TERMS.  The  Subscriber  and the  Company  agree  that  the
representations,  warranties  and  covenants set forth in this  Agreement  shall
survive the acceptance of the Agreement and the closing of the transactions.

8.      ENTIRE AGREEMENT;  AMENDMENT.  This Agreement  constitutes the full and
entire  understanding  and  agreement  between  the  parties  with regard to the
subject matter hereof and thereof,  and no party shall be liable or bound to any
other party in any manner by any warranties, representations or covenants except
as  specifically  set forth  herein or  therein.  Except as  expressly  provided
herein,  neither  this  Agreement  nor any term hereof may be  amended,  waived,
discharged or terminated other than by a written  instrument signed by the party
against whom enforcement of any such amendment, waiver, discharge or termination
is sought.

9.      NO  ASSIGNMENT.  The  Subscriber  agrees not to transfer or  assign this
Agreement or any interest of the  undersigned  therein.  This  Agreement and the
representations and warranties contained herein shall be binding upon the heirs,
executors,  administrators  and other  successors  of the  Subscriber,  and this
Agreement  shall inure to the benefit of and be  enforceable  by the Company and
its successors and assigns.

10.     GOVERNING  LAW.  This  Subscription  Agreement shall be governed by, and
construed in accordance with, the laws of the State of Nevada, without regard to
principles  of  conflicts of law.  Any action  brought to enforce,  or otherwise
arising out of, this Agreement shall be heard and determined in court sitting in
the State of Nevada.

11.     COUNTERPARTS.    This  Agreement  may  be  executed  in  any  number  of
counterparts,  each of which shall be enforceable  against the parties  actually
executing such  counterparts,  and all of which  together  shall  constitute one
instrument.

12.     SEVERABILITY. In the event that any provision of  this Agreement becomes
or is declared by a court of competent jurisdiction to be illegal, unenforceable
or void,  this  Agreement  shall  continue in full force and effect without said
provision;  provided  that  no  such  severability  shall  be  effective  if  it
materially changes the economic benefit of this Agreement to any party.

13.     TITLES. The titles used in this Agreement are used for  convenience only
and are not to be considered in construing or interpreting this Agreement.

                            [SIGNATURE PAGE FOLLOWS]

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                                      -9-

The undersigned  Subscriber  acknowledges  that this  subscription  shall not be
effective unless and until accepted by the Company as indicated below.

Number of Common Shares Subscribed for:__________________________

By:
                    ____________________________________
                    (Subscriber's signature)

                    ____________________________________
                    (Signer's printed name)

                    ____________________________________
                    (Signer's title, if applicable)

                    ____________________________________
                    (Corporate entity name, if applicable,
                    and title of signatory)

Date:
                    ____________________________________

Address:
                    ____________________________________

                    ____________________________________

                    ____________________________________

Email:
                    ____________________________________

THE SECURITIES  WILL BE REGISTERED AS PER ABOVE UNLESS THE SUBSCRIBER  OTHERWISE
DIRECTS THE COMPANY IN WRITING AT THE SAME TIME AS SIGNING THIS SUBSCRIPTION.

WorldStar Energy, Corp. hereby accepts the foregoing subscription.

WORLDSTAR ENERGY, CORP.

By:
                    ____________________________________

Name:               RICHARD TAY
                    ____________________________________

Title:              DIRECTOR
                    ____________________________________

Date:
                    ____________________________________

Address:            WORLDSTAR ENERGY, CORP.
                    65 - 468 Seymour Street
                    Vancouver, B.C.  Canada V6H 3H1

<PAGE>

                                    EXHIBIT A

                       Summary of Principal Offering Terms

                             WORLDSTAR ENERGY, CORP.

                       SUMMARY OF PRINCIPAL OFFERING TERMS

                                December 15, 2006

NOTE:  THESE TERMS DO NOT CONSTITUTE AN OFFER TO SELL ANY SECURITIES OR ANY FORM
OF  BINDING  CONTRACT,  AND  CREATE NO  OBLIGATIONS  OR THE BASIS OF ANY  CLAIMS
AGAINST  ANY PARTY BUT  RATHER  ARE SOLELY  FOR THE  PURPOSE  OF  DISCUSSING  AN
OFFERING AND  OUTLINING THE TERMS  PURSUANT TO WHICH A DEFINITIVE  AGREEMENT MAY
ULTIMATELY BE ENTERED INTO. THE CONSUMMATION OF THE OFFERING CONTEMPLATED HEREIN
BY THE PARTIES IS IN ALL  RESPECTS  CONTINGENT  UPON AND SUBJECT TO, AMONG OTHER
THINGS, THE NEGOTIATION AND EXECUTION OF SATISFACTORY DOCUMENTATION, INCLUDING A
SUBSCRIPTION  AGREEMENT CONTAINING,  AMONG OTHER PROVISIONS,  MUTUALLY AGREEABLE
CLOSING  CONDITIONS,   COVENANTS,   INDEMNIFICATIONS   AND  REPRESENTATIONS  AND
WARRANTIES.

                              (all amounts in US $)

COMPANY:                      WorldStar Energy,  Corp., a corporation  organized
                              under  the  laws of the  State of  Nevada,  United
                              States of America (the "Company")

TOTAL OFFERING  SIZE:         Up to  US$5.5  million (up to 22 million  shares).
                              There  is no  minimum  number  of  shares  and  no
                              maximum   number   offered.   Up  to  30   million
                              additional  shares  will be  issued as part of the
                              acquisition transaction described below.

SECURITIES OFFERED:           Common Stock $.001 value

OFFERING PRICE:               $0.25 per Common Share .

ISSUANCE OF SECURITIES:       The  Company   will  issue  the
                              appropriate number of Securities to the Subscriber
                              within  three  (3)  business  days  following  the
                              closing date as determined  below.  The Securities
                              will  be  registered  and  delivered  as  per  the
                              Subscription Agreement

RESALE RESTRICTIONS:          The  Subscribed  Shares  will be issued subject to

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                                      -2-

                              available    registration    exemptions   in   the
                              jurisdiction  of the Investor  which is outside of
                              US.

                              The Securities are being sold in reliance upon the
                              transaction  exemption  afforded by  Regulation  S
                              promulgated  under the Securities Act of 1933 (the
                              "Act") in  connection  with an offshore  offer and
                              sale of  securities  of the  Company not within or
                              subject to the  jurisdiction  of the United States
                              markets.    Securities    will   be    "restricted
                              securities"  within the meaning of the Act and may
                              be  resold  only  (1)  pursuant  to  Rule  904  of
                              Regulation S; (2) pursuant to  registration  under
                              the Act; or (3) pursuant to an exemption  from the
                              registration  requirements of the Act, and in each
                              case in accordance with state securities laws.

USE OF PROCEEDS:              The use of proceeds of this offering  will be used
                              to  fund  via  loan  and  equity  investment,  the
                              acquisition  of  an  approximately   50%  indirect
                              interest in  Mongolian  mineral  licenses  through
                              subsidiary companies.

SUBSCRIPTION DOCUMENTS:       The Company's  Subscription  Agreement is attached
                              to this Exhibit.

CLOSING DATE(S):              The Closing will occur at a time determined by the
                              Company after receipt of signed  subscriptions and
                              receipt of funds

CONTACT INFORMATION:          MICHAEL KINLEY, PRESIDENT AT (604) 434-5256
                              Email: winslowassoc@shaw.caEXHIBIT 10.3

                               FINDER'S AGREEMENT

FINDER'S AGREEMENT dated as of February 6, 2007 between Worldstar Energy
Corporation, a Nevada corporation ("Company"), and _Electro Motors (BVI)
Limited_ ("Finder").

Witnesseth

WHEREAS, Finder and the Company have agreed that the Finder will use his best
efforts to source investors to subscribe for up to 22 million shares of the
Company for $0.25 per share.

NOW, THEREFORE, in consideration of the premise and the mutual promises and
covenants contained herein and subject specifically to the conditions hereof,
and intending to be legally bound thereby, the parties agree as follows:

1.      Appointment of Finder

The Company hereby appoints the Finder to assist in sourcing Investors and the
Finder hereby accepts such appointment subject to the terms of this Agreement.

2.      Finders' Rights and Duties

        (a) Finders shall use their best efforts to facilitate communications
        between the Company and possible funding sources.

        (b) The Finders' services under this Agreement exclude any financially
        related transactions including activities related to capital raising or
        formation, nor shall the Finders' services hereunder include any
        services that constitute the dering of any legal opinions or performance
        of work that is in the ordinary purview of a Certified Public Accountant
        or Attorney.

3.      Compensation in Restricted Shares

In the event that at any time prior to March 31, 2007 the Company or any of its
affiliates shall enter into any transaction, (including, without limitation,
any, financing with any party introduced to the Company by the Finder, directly
or indirectly, during such period, the Finder will be paid a fee, payable at the
closing thereof, equal to 10% of the amount raised. The payment shall be made in
Worldstar shares valued at the same price as the financing. The Finder
acknowledges and agrees that:

        (a) the Shares will be subject to the same resale restrictions as the
        Shares issued in the financing and will bear a restrictive legend;

        (b) the Finder represents and agrees that he will be responsible for all
        taxes in connection with the fee and this agreement will be disclosed
        and publicly filed by the Company

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                                      -2-

        (c) the Finder represents that he is not a US Person and was in the
        United States wher this Agreement was made.

4.      Expenses

The parties to this agreement shall each pay their own expenses related to this.
financing, including but not limited to travel, communication, attorneys,
accountants, and' other professional advisors, regardless of whether or not a
transaction occurs.

5.      Other Engagements

The parties acknowledge that the Finders will be acting as a finder to parties
other than the Company and agree that the provision of services to such parties
shall not constitute a breach hereof or of any duty owed to the Company by
virtue of this Agreement.

6.      Independent Contractor

In providing services pursuant to this Agreement, the parties shall be
independent contractors, and no party to this Agreement shall make any
representations or statements indicating or suggesting that any joint venture,
partnership, or other such relationship exists between any of the parties except
as set forth herein.

7.      General Provisions

        (a) This agreement shall be governed by and under the laws of the State
        of Nevada, USA without giving effect to conflicts of law principles. If
        any provision hereof is found invalid or unenforceable, that part shall
        be amended to achieve as nearly as possible the. same effect as the
        original provision and the remainder of this agreement shall remain in
        full force and effect.

        (b) Any dispute arising under or in any way related to this agreement
        shall be submitted to binding arbitration by the American Arbitration
        Association in accordance with the Association's commercial rules then
        in effect. The arbitration shall be conducted in the state of Nevada.
        The arbitration shall be binding on the parties and the arbitration
        award may be confirmed by any court of competent jurisdiction.

        (c) In any adverse action, the parties shall restrict themselves to
        claims for compensatory damages and/or securities issued or to be issued
        and no claims shall be made by any party or affiliate for lost profits,
        punitive or multiple damages

        (d) This agreement constitutes the entire agreement and final
        understanding of the: parties with respect to the subject matter hereof
        and supersedes and terminates all prior and/or contemporaneous
        understandings and/or discussions between the parties, whether written
        or verbal, express or implied, relating in any way to the subject matter
        hereof. This agreement may not be altered, amended, modified or
        otherwise changed in any way except by a written agreement, signed by
        both parties.

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                                      -3-

        (e) All notices, requests, demands and other communications required or
        permitted to be given hereunder shall be in writing and shall be deemed
        to be duly given when received by hand delivery, by facsimile (when
        confirmed by return facsimile) followed by first-class mail, by
        nationally recognized overnight courier service or by prepaid registered
        or certified mail, return receipt requested to the addresses set forth
        below:

                     If to the Company:

                          WorldStar Energy, Corp.

                          65 - 468 Seymour Street
                          Vancouver, B.C., Canada V6H 3H1

                      If to the Finder:

                          Electro Motors (BVI) Limited

                          8A, Willow Mansion,

                          Tai Koo Shing, Hong Kong

        (f) This agreement may be executed in counterparts, each one of which
        shall constitute an original and all of which taken together shall
        constitute one document.

        (g) In the event any Party hereto shall commence legal proceedings
        against the other to enforce the terms hereof, or to declare rights
        hereunder, as the result of a breach of any covenant or condition of
        this Agreement, the prevailing party in any siich proceeding shall be
        entitled to recover from the losing party its costs of suit, including
        reasonable attorneys' fees, as may be fixed by the court.

IN WITNESS WHEREOF, the parties hereto have caused this agreement to be duly
executed as of the date first written above.

Worldstar Energy Corp

/s/ RICHARD TAY
_____________________
Richard Tay
President

The Findey/Electro Motors (BVI) Limited

/s/ EDDY HARTANTO

Eddy Hartanto

Director

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