Document:

EXHIBIT 4.2

                               GILMAN CIOCIA, INC.

           SUBSCRIPTION AGREEMENT FOR SHARES OFFERED TO 2007 INVESTORS

                       EXPIRATION DATE: ___________, 2008
         (unless otherwise extended by the Company's Board of Directors)

      You may subscribe for shares of Gilman Ciocia, Inc. (the "Company") common
stock through the offering that begins ________, 2008 and ends on ___________,
2008, unless otherwise extended by the Board of Directors (the "Board"). This
offering will only be available if any shares remain unsold after our rights
offering that we commenced on ________, 2008 and ends on _____________, 2008. To
participate in the offering, you must complete this subscription agreement and
include full payment for the shares you want to purchase. Orders received in the
offering are subject to our acceptance and are also subject to the number of
shares remaining after the rights offering. Moreover, to the extent you and
other 2007 Investors (as such term is defined in the prospectus referred to
below) submit subscriptions to purchase more shares then are available to
purchase, we will reduce your purchase on a "first come, first served" basis
based upon the number of shares of the Company's common stock that you and any
other 2007 Investors who subscribe for shares in this offering own as of April
14, 2008 (the "Record Date"). In addition, orders in the offering are subject to
rejection in whole or in part solely at the Company's discretion.

      To order shares in the offering, we must receive a properly completed and
executed copy of this subscription agreement by ___________, 2008, or such later
date determined by the Board, together with a personal check, cashier's check or
money order payable to "Corporate Stock Transfer, Inc., as agent for Gilman
Ciocia, Inc.", or by wire transfer to Corporate Stock Transfer, Inc., for an
amount equal to the number of shares subscribed for multiplied by the $.10 per
share subscription price, which was the subscription price for shares in the
rights offering.

      FOR A MORE COMPLETE DESCRIPTION OF THE TERMS AND CONDITIONS OF THIS
OFFERING, PLEASE REFER TO THE COMPANY'S PROSPECTUS DATED ___________, 2008,
WHICH IS ENCLOSED.

      EXERCISE AND SUBSCRIPTION: The undersigned hereby irrevocably subscribes
for the number of shares of common stock indicated below, on the terms and
subject to the conditions specified in the prospectus, receipt of which is
hereby acknowledged.

            1. Number of shares you are subscribing for: __________________

            2. Total subscription price: (Number of shares in line 1 times
$0.10) ______________________

<PAGE>

      METHOD OF PAYMENT: Payment for the shares subscribed for above must be in
the form of cashier's check, certified check, money order, or personal check
payable to "Corporate Stock Transfer, Inc., as agent for Gilman Ciocia, Inc.",
or by wire transfer to Corporate Stock Transfer, Inc.

      If the aggregate payment amount enclosed is insufficient to purchase the
total number of shares listed in line 1, or if payment in enclosed but the
number of shares being subscribed for is not specified, the holder of this
subscription agreement shall be deemed to have subscribed for the maximum amount
of shares that could be subscribed for upon payment of such amount. Any
remaining funds shall be mailed to the subscriber without interest as soon as
practicable.

          Please indicate the form of ownership desired for the Shares:

_______    Individual                                 _______  Corporation
_______    Joint Tenants with Right of Survivorship   _______  Partnership
_______    Tenants in Common                          _______  Custodian
_______    Trust                                      _______  Other (please
                                                               describe below)

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PLEASE PRINT OR TYPE BELOW THE EXACT TITLING IN WHICH UNDERSIGNED DESIRES THE
COMMON SHARES TO BE REGISTERED:

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---------------------------------------         --------------------------------
Signature                                       Date

---------------------------------------         --------------------------------
Signature of Joint Owner, if applicable         Area Code and Telephone Number

---------------------------------------         --------------------------------
Street Address                                  Social Security or Federal
                                                Taxpayer Identification No.

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City           State                Zip

                     TO BE COMPLETED BY GILMAN CIOCIA, INC.

     Accepted as of _______________, 20_____, as to _______________ Shares.

                                                _______________________________
                                                Michael Ryan
                                                Chief Executive Officer

<PAGE>

                   [SEE REVERSE SIDE FOR SUBSTITUTE FORM W-9]

<PAGE>

                               SUBSTITUTE FORM W-9

             Department of the Treasury the Internal Revenue Service

           Payer's Request for Taxpayer Identification Number ("TIN")

PART I - Taxpayer Identification Number. For all accounts, enter taxpayer number
in the appropriate box. For most individuals, this is your Social Security
number. If you do not have a number or if the account is in more than one name,
contact the person identified below in the last paragraph.

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PART II - For Payees Exempt from backup Withholding Certification - Under
penalties of perjury, I certify that:

      (1) The number shown on this form is my correct Taxpayer Identification
      Number (or I am waiting for a number to be issued to me), and

      (2) I am not subject to backup withholding either because (a) I am exempt
      from backup withholding; or (b) I have not been notified by the Internal
      Revenue Service ("IRS") that I am subject to backup withholding as a
      result of failure to report all interest or dividends; or (c) the IRS has
      notified me that I am no longer subject to backup withholding.

CERTIFICATION GUIDELINES - You must cross out item (2) above if you have been
notified by the IRS that you are subject to backup withholding because of
under-reporting interest or dividends on your tax return. However, if after
being notified by the IRS that you were subject to backup withholding you
received another notification from the IRS that you are no longer subject to
backup withholding, do not cross out item (2).

---------------------------------------         --------------------------------
Signature                                       Date

      SUBSTITUTE FORM W-9. Each subscriber must provide a correct taxpayer
identification number ("TIN") and sign and date the Substitute W-9 . In general,
if a subscriber is an individual, the TIN is the social security number of such
individual. See the enclosed guidelines. If the correct TIN is not provided, the
subscriber may be subject to a penalty imposed by the Internal Revenue Code. For
further information regarding instructions for completing the Substitute Form
W-9 (including how to obtain a TIN if you do not have one and how to complete
the Substitute Form W-9 if shares are held in more than one name),
contact___________, Gilman Ciocia, Inc., 11 Raymond Avenue, Poughkeepsie, New
York 12603, (845) 486-0900.Hong Kong Winalite Group, Inc.: Exhibit 10.1 - Prepared by TNT Filings
Inc.

Exhibit 10.1 

Hong Kong Winalite Group, Inc.

Rooms 606, 6th Floor, Ginza Plaza, No. 2A Sai Yeung Choi Street South,
Kowloon, Hong Kong

April 1, 2008 

Dear Ms. Jingjun Hu, 

We have the pleasure to offer you the position of Chief Executive
Officer with Hong Kong Winalite Group, Inc. (‘the Company’)
commencing on April 1, 2008. 

This letter will serve as your letter of employment with the following terms
and conditions: 

1. 

Probation Period 

Your probation period will be
normally 1 months. The Company may confirm your employment after
assessment of your job performance during or right after the probation period. A
separate notification letter for confirmation will be issued. 

2. 

Compensation 

Base Salary: HKD50,000 per month
payable by 10th of the following month. 

3. 

Year End Bonus 

You will receive a Year End Bonus
equivalent to a month of Base Salary of each calendar year provided that you
have been in the Company’s employment for 12 months as at December 31. 

If you have been employed by the
Company for less than 12 months as at the year end, you will receive a bonus
payment of proportion of monthly Base Salary calculated by reference to your
service days during the relevant calendar year. 

4. 

Bonus & Stock Option Plan 

In this position, you are eligible to participate in
the Company’s bonus program per Company’s Policy as appropriate to your position
level. 

You are also eligible to participate in Stock Option
Plan per Company’s Policy as appropriate to your position level. 

Details of the Plan will be provided to you later.

5. 

Working Hours 

The official working hours are from the hours of
8:30-9:00 am to 5:30-6:00 pm, from Monday to Friday with an hour lunch break.
Upon any change of the Company’s working/operations hours, your working will be
rescheduled accordingly. 

1

You shall be expected to devote as
much time as required for the proper discharge of your duties to the Company,
and to the best of your ability, to seek, to safeguard the interests of the
Company at all times. 

You shall also be required to perform
your duties beyond the normal working hours in accordance with the entrusted
responsibilities of your position and you shall not be entitled to additional
remuneration for work done beyond the normal working hours.. 

6. 

Vacation 

You will be entitled to the vacation
of 18 working days per calendar year in addition to customary paid
holidays. If you have less than 12-month company service as at year end, you
will have a proportion of vacation entitlement calculated by reference to
completed month(s) of service during the relevant calendar year. Your vacation
days will be adjusted according to your years of service, the details of the
vacation entitlement will be stated in the Employment Handbook. 

7. 

Public Holidays 

You will be entitled to the public holidays in Hong
Kong. 

8. 

Staff Benefit 

You will be entitled to join the
Staff Benefit Plans according to your years of service and/or the pre-assigned
criteria by the Company. The details of the benefit plans will be stated in the
Employment Handbook or relevant booklet(s)/information which passed to you
separately. The Company may review or amend the benefit plans from time to time
at its discretion and will keep you informed by Human Resources Team if any
change(s). 

9. 

Pension Fund 

The Company will arrange for your pension fund
contribution in Hong Kong. 

10. 

Health Benefits and Insurance
Coverage 

During the Term of this Agreement,
the Company agrees to provide you and your qualified dependants with
comprehensive health and medical insurance benefits (i.e., medical,
dental, pharmaceutical and disability.) 

11. 

Resignation/Termination of
Employment 

During the first week of your probation period, your
employment could be terminated at any time by the Company or by you without
written notice or payment in lieu. After the first week of your probation period
and before employment confirmation, seven days’ written notice or payment
in lieu is required by either parties in case of termination of employment. Upon
confirmation and an official letter being issued, the employment could be
terminated by either parties by 1 month(s) written notice or payment in
lieu. 

The Company may at any time terminate this Agreement
without notice or payment in lieu if you: 

2

	
  Willfully disobey a
  lawful and reasonable order of the Company; 

 

	
  Act in serious,
  willful or persistent breach of your responsibilities or Company’s policies;
  

 

	
  Are guilty of fraud,
  dishonesty or any criminal act or act made a false statement in your
  application for employment; 

 

	
  Are guilty of
  misappropriation of Company funds; 

 

	
  Is habitually late
  or absent without permission and unable to give a satisfactory explanation or
  overstays leave without permission; 

 

	
  Become bankrupt or
  makes any arrangements or composition with your creditors or becomes of
  unsound mind or permanently incapacitated from performing your duties; 

 

	
  Has other employment
  that has not been disclosed to the Company in circumstances that are
  detrimental to the interests of the Company. 

12. 

Confidentiality 

Your attention is drawn to the
confidential nature of the Company’s business and at all times you are required
to maintain such confidentially. During this Agreement or at any time thereafter
without the consent in writing of the Company being first obtained, you shall
not use for your own account or divulge to any person, firm or company any
information concerning the business, products, know-how, technology, accounts,
finances, clients or customers of the Company or any of the secrets, dealings,
transactions or affairs of the Company and upon termination of this Agreement,
you shall surrender to the Company all original and copy documents, files,
letters, computer files, samples or other items relation to any matter
aforesaid. 

13. 

Exclusion From Other Business

You must not during your employment
with the Company directly or indirectly engage or concern in the conduct of any
business other than the Company’s business unless an advanced written consent by
the Company. 

14. 

Conflict of Interest 

Whilst under the Company’s
employment, you may not associate in the business with Winalite distributors nor
hold a distributorship with Winalite. You may not be associated as an advisor
for other Multi-Level Marketing Companies. Should you already hold a
distributorship with other Multi-Level Marketing Companies, you must disclose
this interest to the Company. A conflict of interest, which is deliberate or
pursued knowingly, is regarded as serious misconduct and may result in summary
dismissal. 

15. 

Rules & Regulations 

In addition to the terms and
conditions in this letter, you shall observe and abide by all other existing
rules and regulations of the Company, including any addition and revision as
laid down by the Company form time to time. 

16. 

Modification of Terms 

Any terms of the Agreement may be
modified by the mutual agreement of the parties and/or by any change in the
standard Company’s Rules and Regulations applicable to you during your
employment with the Company. 

3

17. 

Applicable Law 

The contract of employment shall be
subject to the laws of Hong Kong. Any dispute concerning the contract shall be
submitted to the competent Hong Kong court to the exclusion of all other
jurisdictions. 

Please sign the original copies of this letter and return one copy to the
Company indicating your acceptance of this offer. 

Yours Sincerely, 

Hong Kong Winalite Group, Inc. 

/s/ Kelvin Zheng 

______________________________

Representative: Kelvin Zheng 

Date: April 1, 2008 

Agreed and accepted by: 

/s/ Jingjun Hu 

______________________________ 

Ms. Jingjun Hu 

Date: April 1, 2008 

4

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