Document:

EXHIBIT
      4.2

    

    NEITHER
      THESE SECURITIES NOR THE SECURITIES ISSUABLE UPON EXERCISE OF THESE SECURITIES
      HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE
      SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
      REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
      ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
      EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
      AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
      SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR
      TO
      SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
      COMPANY. THESE SECURITIES AND THE SECURITIES ISSUABLE UPON EXERCISE OF THESE
      SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT SECURED
      BY SUCH SECURITIES.

     

    ASIAN
      FINANCIAL, INC.

     

    WARRANT

     

    
      	
              Warrant
                No. 000001

            	
              Original
                Issue Date: November 2, 2006

            

    

     

    Asian
      Financial, Inc., a Wyoming corporation (the "Company"),
      hereby certifies that, as partial compensation for placement agent services,
      Roth Capital Partners, LLC or its registered assigns (the "Holder"),
      is
      entitled to purchase from the Company up to a total of 1,644,702 shares of
      Common Stock (each such share, a "Warrant
      Share"
      and all
      such shares, the "Warrant
      Shares"),
      at
      any time and from time to time from and after June 30, 2008 and through and
      including June 30, 2013 (the "Expiration
      Date"),
      and
      subject to the following terms and conditions:

     

    1. Definitions.
      As used
      in this Warrant, the following terms shall have the respective definitions
      set
      forth in this Section 1.

     

    "Affiliate"
      means
      any Person that, directly or indirectly through one or more intermediaries,
      controls or is controlled by or is under common control with a Person, as such
      terms are used in and construed under Rule 144.

     

    "Business
      Day"
      means
      any day except Saturday, Sunday and any day that is a federal legal holiday
      in
      the United States or a day on which banking institutions in the State of New
      York are authorized or required by law or other government action to
      close.

     

    "Common
      Stock"
      means
      the common stock of the Company, par value $0.001 per share, and any securities
      into which such common stock may hereafter be reclassified.

     

    "Exchange
      Act"
      means
      the Securities Exchange Act of 1934, as amended.

     

    "Exercise
      Price"
      means
      $1.57, subject to adjustment in accordance with Section 9.

     

    "Fundamental
      Transaction"
      means
      any of the following: (1) the Company effects any merger or consolidation of
      the
      Company with or into another Person as a result of which stockholders of the
      Company immediately prior to such merger or consolidation possess a minority
      of
      the voting power of the acquiring entity immediately following such transaction,
      (2) the Company effects any sale of all or substantially all of its assets
      in
      one or a series of related transactions, (3) any tender offer or exchange offer
      (whether by the Company or another Person) is completed pursuant to which
      holders of Common Stock are permitted to tender or exchange their shares for
      other securities, cash or property, or (4) the Company effects any
      reclassification of the Common Stock or any compulsory share exchange pursuant
      to which the Common Stock is effectively converted into or exchanged for other
      securities, cash or property.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “New
      York Courts”
means
      the state and federal courts sitting in the City of New York, Borough of
      Manhattan.

     

    “Original
      Issue Date”
means
      the Original Issue Date first set forth on the first page of this
      Warrant.

     

    "Person"
      means
      an individual or corporation, partnership, trust, incorporated or unincorporated
      association, joint venture, limited liability company, joint stock company,
      government (or an agency or subdivision thereof) or other entity of any
      kind.

     

    "Rule
      144"
      means
      Rule 144 promulgated by the Securities and Exchange Commission pursuant to
      the
      Securities Act, as such Rule may be amended from time to time, or any similar
      rule or regulation hereafter adopted by the Securities and Exchange Commission
      having substantially the same effect as such Rule.

     

    "Securities
      Act"
      means
      the Securities Act of 1933, as amended.

     

    "Trading
      Day" means (i) a day on which the Common Stock is traded on a Trading Market
      (other than the OTC Bulletin Board), or (ii) if the Common Stock is not listed
      on a Trading Market (other than the OTC Bulletin Board), a day on which the
      Common Stock is traded in the over-the-counter market, as reported by the OTC
      Bulletin Board, or (iii) if the Common Stock is not quoted on any Trading
      Market, a day on which the Common Stock is quoted in the over-the-counter market
      as reported by the Pink Sheets, LLC (or any similar organization or agency
      succeeding to its functions of reporting prices); provided, that in the event
      that the Common Stock is not listed or quoted as set forth in (i), (ii) and
      (iii) hereof, then Trading Day shall mean a Business Day.

     

    "Trading
      Market"
      means
      whichever of the New York Stock Exchange, the American Stock Exchange, the
      NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market
      or OTC Bulletin Board on which the Common Stock is listed or quoted for trading
      on the date in question.

     

    "Warrant
      Shares"
      means
      the shares of Common Stock issuable upon exercise of this Warrant.

     

    
      
        
        

      

      
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    2. Registration
      of Warrant.
      The
      Company shall register this Warrant upon records to be maintained by the Company
      for that purpose (the "Warrant
      Register"),
      in
      the name of the record Holder hereof from time to time. The Company may deem
      and
      treat the registered Holder of this Warrant as the absolute owner hereof for
      the
      purpose of any exercise hereof or any distribution to the Holder, and for all
      other purposes, absent actual notice to the contrary.

     

    3. Registration
      of Transfers.
      The
      Company shall register the transfer of any portion of this Warrant in the
      Warrant Register, upon surrender of this Warrant, with the Form of Assignment
      attached hereto duly completed and signed, to the Company at its address
      specified herein. Upon any such registration or transfer, a new Warrant to
      purchase Common Stock, in substantially the form of this Warrant (any such
      new
      Warrant, a "New
      Warrant"),
      evidencing the portion of this Warrant so transferred shall be issued to the
      transferee and a New Warrant evidencing the remaining portion of this Warrant
      not so transferred, if any, shall be issued to the transferring Holder. The
      acceptance of the New Warrant by the transferee thereof shall be deemed the
      acceptance by such transferee of all of the rights and obligations of a holder
      of a Warrant.

     

    4. Exercise
      and Duration of Warrants.
      This
      Warrant shall be exercisable by the registered Holder at any time and from
      time
      to time on or after June 30, 2008 through and including the Expiration Date.
      At
      6:30 p.m., New York City time on the Expiration Date, the portion of this
      Warrant not exercised prior thereto shall be and become void and of no value.
      The Company may not call or redeem any portion of this Warrant without the
      prior
      written consent of the affected Holder.

     

    5. Delivery
      of Warrant Shares.

     

    (a) To
      effect
      exercises hereunder, the Holder shall not be required to physically surrender
      this Warrant unless the aggregate Warrant Shares represented by this Warrant
      is
      being exercised. Upon delivery of the Exercise Notice (in the form attached
      hereto) to the Company (with the attached Warrant Shares Exercise Log) at its
      address for notice set forth herein and upon payment of the Exercise Price
      multiplied by the number of Warrant Shares that the Holder intends to purchase
      hereunder, the Company shall promptly (but in no event later than three Trading
      Days after the Date of Exercise (as defined herein)) issue and deliver to the
      Holder, a certificate for the Warrant Shares issuable upon such exercise. The
      Company shall, upon request of the Holder and subsequent to the date on which
      a
      registration statement covering the resale of the Warrant Shares has been
      declared effective by the Securities and Exchange Commission, use its reasonable
      best efforts to deliver Warrant Shares hereunder electronically through the
      Depository Trust Corporation or another established clearing corporation
      performing similar functions, if available, provided,
      that,
      the Company may, but will not be required to change its transfer agent if its
      current transfer agent cannot deliver Warrant Shares electronically through
      the
      Depository Trust Corporation. A "Date
      of Exercise"
      means
      the date on which the Holder shall have delivered to the Company: (i) the
      Exercise Notice (with the Warrant Exercise Log attached to it), appropriately
      completed and duly signed and (ii) if such Holder is not utilizing the cashless
      exercise provisions set forth in this Warrant, payment of the Exercise Price
      for
      the number of Warrant Shares so indicated by the Holder to be
      purchased.

     

    (b) If
      by the
      third Trading Day after a Date of Exercise the Company fails to deliver the
      required number of Warrant Shares in the manner required pursuant to Section
      5(a), then the Holder will have the right to rescind such exercise.

     

    (c) If
      by the
      fifth Trading Day after a Date of Exercise the Company has yet to deliver the
      required number of Warrant Shares in the manner required pursuant to Section
      5(a), and if after such fifth Trading Day and prior to the receipt of such
      Warrant Shares, the Holder (i) has not then rescinded such exercise pursuant
      to
      Section 5(b) and (ii) purchases (in an open market transaction or otherwise)
      shares of Common Stock to deliver in satisfaction of a sale by the Holder of
      the
      Warrant Shares which the Holder anticipated receiving upon such exercise (a
      "Buy-In"),
      then
      the Company shall (1) pay in cash to the Holder the amount by which (x) the
      Holder's total purchase price (including brokerage commissions, if any) for
      the
      shares of Common Stock so purchased exceeds (y) the amount obtained by
      multiplying (A) the number of Warrant Shares that the Company was required
      to
      deliver to the Holder in connection with the exercise at issue by (B) the
      closing bid price of the Common Stock on the Date of Exercise (or, if on the
      Date of Exercise, the Common Stock is not traded on any Trading Market, the
      fair
      market value of one share of the Common Stock on the Date of Exercise, as
      determined by the Company’s Board of Directors) and (2) at the option of the
      Holder, either reinstate the portion of the Warrant and equivalent number of
      Warrant Shares for which such exercise was not honored or deliver to the Holder
      the number of shares of Common Stock that would have been issued had the Company
      timely complied with its exercise and delivery obligations hereunder. The Holder
      shall provide the Company written notice indicating the amounts payable to
      the
      Holder in respect of the Buy-In.

     

    
      
        
        

      

      
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    (d) The
      Company's obligations to issue and deliver Warrant Shares in accordance with
      the
      terms hereof are absolute and unconditional, irrespective of any action or
      inaction by the Holder to enforce the same, any waiver or consent with respect
      to any provision hereof, the recovery of any judgment against any Person or
      any
      action to enforce the same, or any setoff, counterclaim, recoupment, limitation
      or termination, or any breach or alleged breach by the Holder or any other
      Person of any obligation to the Company or any violation or alleged violation
      of
      law by the Holder or any other Person, and irrespective of any other
      circumstance which might otherwise limit such obligation of the Company to
      the
      Holder in connection with the issuance of Warrant Shares. Nothing herein shall
      limit a Holder's right to pursue any other remedies available to it hereunder,
      at law or in equity including, without limitation, a decree of specific
      performance and/or injunctive relief with respect to the Company's failure
      to
      timely deliver certificates representing Warrant Shares upon exercise of the
      Warrant as required pursuant to the terms hereof.

     

    6. Charges,
      Taxes and Expenses.
      Issuance and delivery of Warrant Shares upon exercise of this Warrant shall
      be
      made without charge to the Holder for any issue or transfer tax, withholding
      tax, transfer agent fee or other incidental tax or expense in respect of the
      issuance of such certificates, all of which taxes and expenses shall be paid
      by
      the Company; provided, however, that the Company shall not be required to pay
      any tax which may be payable in respect of any transfer involved in the
      registration of any certificates for Warrant Shares or Warrants in a name other
      than that of the Holder. The Holder shall be responsible for all other tax
      liability that may arise as a result of holding or transferring this Warrant
      or
      receiving Warrant Shares upon exercise hereof.

     

    7. Replacement
      of Warrant.
      If this
      Warrant is mutilated, lost, stolen or destroyed, the Company shall issue or
      cause to be issued in exchange and substitution for and upon cancellation
      hereof, or in lieu of and substitution for this Warrant, a New Warrant, but
      only
      upon receipt of evidence reasonably satisfactory to the Company of such loss,
      theft or destruction and customary and reasonable indemnity (which shall not
      include a surety bond), if requested. Applicants for a New Warrant under such
      circumstances shall also comply with such other reasonable regulations and
      procedures and pay such other reasonable third-party costs as the Company may
      prescribe. If a New Warrant is requested as a result of a mutilation of this
      Warrant, then the Holder shall deliver such mutilated Warrant to the Company
      as
      a condition precedent to the Company’s obligation to issue the New
      Warrant.

     

    8. Reservation
      of Warrant Shares.
      The
      Company covenants that it will at all times reserve and keep available out
      of
      the aggregate of its authorized but unissued and otherwise unreserved Common
      Stock, solely for the purpose of enabling it to issue Warrant Shares upon
      exercise of this Warrant as herein provided, the number of Warrant Shares which
      are then issuable and deliverable upon the exercise of this entire Warrant,
      free
      from preemptive rights or any other contingent purchase rights of Persons other
      than the Holder (taking into account the adjustments and restrictions of Section
      9). The Company covenants that all Warrant Shares so issuable and deliverable
      shall, upon issuance and the payment of the applicable Exercise Price in
      accordance with the terms hereof, be duly and validly authorized, issued and
      fully paid and nonassessable.

     

    9. Certain
      Adjustments.
      The
      Exercise Price and number of Warrant Shares issuable upon exercise of this
      Warrant are subject to adjustment from time to time as set forth in this Section
      9.

     

    (a) Stock
      Dividends and Splits.
      If the
      Company, at any time while this Warrant is outstanding, (i) pays a stock
      dividend on its Common Stock or otherwise makes a distribution on any class
      of
      capital stock that is payable in shares of Common Stock, (ii) subdivides
      outstanding shares of Common Stock into a larger number of shares, or (iii)
      combines outstanding shares of Common Stock into a smaller number of shares,
      then in each such case the Exercise Price shall be multiplied by a fraction
      of
      which the numerator shall be the number of shares of Common Stock outstanding
      immediately before such event and of which the denominator shall be the number
      of shares of Common Stock outstanding immediately after such event. Any
      adjustment made pursuant to clause (i) of this paragraph shall become effective
      immediately after the record date for the determination of stockholders entitled
      to receive such dividend or distribution, and any adjustment pursuant to clause
      (ii) or (iii) of this paragraph shall become effective immediately after the
      effective date of such subdivision or combination.

     

    
      
        
        

      

      
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    (b) Fundamental
      Transactions.
      If, at
      any time while this Warrant is outstanding there is a Fundamental Transaction,
      then the Holder shall have the right thereafter to receive, upon exercise of
      this Warrant, the same amount and kind of securities, cash or property as it
      would have been entitled to receive upon the occurrence of such Fundamental
      Transaction if it had been, immediately prior to such Fundamental Transaction,
      the holder of the number of Warrant Shares then issuable upon exercise in full
      of this Warrant (the "Alternate
      Consideration").
      For
      purposes of any such exercise, the determination of the Exercise Price shall
      be
      appropriately adjusted to apply to such Alternate Consideration based on the
      amount of Alternate Consideration issuable in respect of one share of Common
      Stock in such Fundamental Transaction, and the Company shall apportion the
      Exercise Price among the Alternate Consideration in a reasonable manner
      reflecting the relative value of any different components of the Alternate
      Consideration. If holders of Common Stock are given any choice as to the
      securities, cash or property to be received in a Fundamental Transaction, then
      the Holder shall be given the same choice as to the Alternate Consideration
      it
      receives upon any exercise of this Warrant following such Fundamental
      Transaction. At the Holder's option and request, any successor to the Company
      or
      surviving entity in such Fundamental Transaction shall, either (1) issue to
      the
      Holder a new warrant substantially in the form of this Warrant and consistent
      with the foregoing provisions and evidencing the Holder's right to purchase
      the
      Alternate Consideration for the aggregate Exercise Price upon exercise thereof,
      or (2) purchase the Warrant from the Holder for a purchase price, payable in
      cash within five Trading Days after such request (or, if later, on the effective
      date of the Fundamental Transaction), equal to the Black Scholes value of the
      remaining unexercised portion of this Warrant on the date of such request.
      The
      terms of any agreement pursuant to which a Fundamental Transaction is effected
      shall include terms requiring any such successor or surviving entity to comply
      with the provisions of this paragraph (b) and insuring that the Warrant (or
      any
      such replacement security) will be similarly adjusted upon any subsequent
      transaction analogous to a Fundamental Transaction.

     

    (c) Number
      of Warrant Shares.
      Simultaneously with any adjustment to the Exercise Price pursuant to this
      Section 9, the number of Warrant Shares that may be purchased upon exercise
      of
      this Warrant shall be increased or decreased proportionately, so that after
      such
      adjustment the aggregate Exercise Price payable hereunder for the adjusted
      number of Warrant Shares shall be the same as the aggregate Exercise Price
      in
      effect immediately prior to such adjustment.

     

    (d) Calculations.
      All
      calculations under this Section 9 shall be made to the nearest cent or the
      nearest 1/100th
      of a
      share, as applicable. The number of shares of Common Stock outstanding at any
      given time shall not include shares owned or held by or for the account of
      the
      Company, and the disposition of any such shares shall be considered an issue
      or
      sale of Common Stock.

     

    (e) Notice
      of Adjustments.
      Upon
      the occurrence of each adjustment pursuant to this Section 9, the Company at
      its
      expense will promptly compute such adjustment in accordance with the terms
      of
      this Warrant and prepare a certificate setting forth such adjustment, including
      a statement of the adjusted Exercise Price and adjusted number or type of
      Warrant Shares or other securities issuable upon exercise of this Warrant (as
      applicable), describing the transactions giving rise to such adjustments and
      showing in detail the facts upon which such adjustment is based. Upon written
      request, the Company will promptly deliver a copy of each such certificate
      to
      the Holder and to the Company's Transfer Agent.

     

    (f) Notice
      of Corporate Events.
      If the
      Company (i) declares a dividend or any other distribution of cash, securities
      or
      other property in respect of its Common Stock, including without limitation
      any
      granting of rights or warrants to subscribe for or purchase any capital stock
      of
      the Company, (ii) authorizes or approves, enters into any agreement
      contemplating or solicits stockholder approval for any Fundamental Transaction
      or (iii) authorizes the voluntary dissolution, liquidation or winding up of
      the
      affairs of the Company, then the Company shall deliver to the Holder a notice
      describing the material terms and conditions of such transaction (but only
      to
      the extent such disclosure would not result in the dissemination of material,
      non-public information to the Holder) at least 10 calendar days prior to the
      applicable record or effective date on which a Person would need to hold Common
      Stock in order to participate in or vote with respect to such transaction,
      and
      the Company will take all steps reasonably necessary in order to insure that
      the
      Holder is given the practical opportunity to exercise this Warrant prior to
      such
      time so as to participate in or vote with respect to such transaction; provided,
      however, that the failure to deliver such notice or any defect therein shall
      not
      affect the validity of the corporate action required to be described in such
      notice.

     

    
      
        
        

      

      
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    10. Payment
      of Exercise Price.
      The
      Holder may pay the Exercise Price in one of the following manners:

     

    (a) Cash
      Exercise.
      The
      Holder may deliver immediately available funds; or

     

    (b) Cashless
      Exercise.
      The
      Holder may notify the Company in an Exercise Notice of its election to utilize
      cashless exercise, in which event the Company shall issue to the Holder the
      number of Warrant Shares determined as follows:

     

    X
      = Y
      [(A-B)/A]

     

    where:

     

    X
      = the
      number of Warrant Shares to be issued to the Holder.

     

    Y
      = the
      number of Warrant Shares with respect to which this Warrant is being
      exercised.

     

    A
      = the
      average of the closing prices for the five Trading Days immediately prior to
      (but not including) the Date of Exercise.

     

    B
      = the
      Exercise Price.

     

    For
      purposes of Rule 144 promulgated under the Securities Act, it is intended,
      understood and acknowledged that the Warrant Shares issued in a cashless
      exercise transaction shall be deemed to have been acquired by the Holder, and
      the holding period for the Warrant Shares shall be deemed to have commenced,
      on
      the date this Warrant was originally issued.

     

    11. Limitations
      on Exercise.
      Notwithstanding anything to the contrary contained herein, the number of Warrant
      Shares that may be acquired by the Holder upon any exercise of this Warrant
      (or
      otherwise in respect hereof) shall be limited to the extent
      necessary to insure that, following such exercise (or other issuance), the
      total
      number of shares of Common Stock then beneficially owned by such Holder and
      its
      Affiliates and any other Persons whose beneficial ownership of Common Stock
      would be aggregated with the Holder's for purposes of Section 13(d) of the
      Exchange Act, does not exceed 9.999% of the total number of issued and
      outstanding shares of Common Stock (including for such purpose the shares of
      Common Stock issuable upon such exercise). For such purposes, beneficial
      ownership shall be determined in accordance with Section 13(d) of the Exchange
      Act and the rules and regulations promulgated thereunder. This provision shall
      not restrict the number of shares of Common Stock which a Holder may receive
      or
      beneficially own in order to determine the amount of securities or other
      consideration that such Holder may receive in the event of a Fundamental
      Transaction as contemplated in Section 9 of this Warrant. This restriction
      may
      not be waived.

     

    12. No
      Fractional Shares.
      No
      fractional shares of Warrant Shares will be issued in connection with any
      exercise of this Warrant. In lieu of any fractional shares which would,
      otherwise be issuable, the Company shall pay cash equal to the product of such
      fraction multiplied by the closing bid price of one Warrant Share as reported
      by
      the applicable Trading Market on the Date of Exercise (or, if on the Date of
      Exercise, the Warrant Shares are not traded on any Trading Market, the fair
      market value of one Warrant Share on the Date of Exercise, as determined in
      good
      faith by the Company’s Board of Directors).

     

    
      
        
        

      

      
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    13. Notices.
      Any and
      all notices or other communications or deliveries hereunder (including, without
      limitation, any Exercise Notice) shall be in writing and shall be deemed given
      and effective on the earliest of (i) the date of transmission, if such notice
      or
      communication is delivered via facsimile at the facsimile number specified
      in
      this Section prior to 6:30 p.m. (New York City time) on a Trading Day, (ii)
      the
      next Trading Day after the date of transmission, if such notice or communication
      is delivered via facsimile at the facsimile number specified in this Section
      on
      a day that is not a Trading Day
      or later
      than 6:30 p.m. (New York City time) on any Trading Day, (iii) the Trading Day
      following the date of mailing, if sent by nationally recognized overnight
      courier service, or (iv) upon actual receipt by the party to whom such notice
      is
      required to be given. The addresses for such communications shall be: (i) if
      to
      the Company, to No. 3 Jinyuan Road, Daxing District Industrial Development
      Zone,
      Beijing, China 102600, Attn.: Fiona Feng, or to Facsimile No.: 861060216825
      (or
      such other address as the Company shall indicate in writing in accordance with
      this Section), or (ii) if to the Holder, to the address or facsimile number
      appearing on the Warrant Register or such other address or facsimile number
      as
      the Holder may provide to the Company in accordance with this
      Section.

     

    14. No
      Stockholder Rights.
      This
      Warrant, by itself, as distinguished from any Warrant Shares issued hereunder,
      shall not entitle the Holder to any of the rights of a stockholder of the
      Company.

     

    15. Warrant
      Agent.
      The
      Company shall serve as warrant agent under this Warrant. Upon 10 days' notice to
      the Holder, the Company may appoint a new warrant agent. Any corporation into
      which the Company or any new warrant agent may be merged or any corporation
      resulting from any consolidation to which the Company or any new warrant agent
      shall be a party or any corporation to which the Company or any new warrant
      agent transfers substantially all of its corporate trust or shareholders
      services business shall be a successor warrant agent under this Warrant without
      any further act. Any such successor warrant agent shall promptly cause notice
      of
      its succession as warrant agent to be mailed (by first class mail, postage
      prepaid) to the Holder at the Holder's last address as shown on the Warrant
      Register.

     

    16. Holder
      Representations.
      The
      Holder of this Warrant, by acceptance hereof, acknowledges that this Warrant
      is
      being issued by the Company in reliance upon the following
      representations
      of the
      Holder:

     

    (a) the
      Holder is an entity duly organized, validly existing and in good standing under
      the laws of the jurisdiction of its organization with the requisite corporate
      power and authority to enter into and to consummate the transactions
      contemplated by the Warrant and otherwise to carry out its obligations
      hereunder. The acceptance of the Warrant has been duly authorized by all
      necessary limited liability company action and will constitute the valid and
      legally binding obligation of such Holder, enforceable against it in accordance
      with the terms hereunder;

     

    (b) that
      as
      of the date hereof,
      the
      Holder is an “accredited investor” as defined in Rule 501(a) under the
      Securities Act and such Holder has such experience in business and financial
      matters that it is capable of evaluating the merits and risks of the Warrant.
      The Holder acknowledges that returns based upon the Warrant are speculative
      and
      involve a high degree of risk;

     

    (c) the
      Holder is not acquiring the Warrant as a result of any advertisement, article,
      notice, meeting or other communication regarding the Warrant published in any
      newspaper, magazine or similar media or broadcast over television or radio
      or
      presented at any seminar or any other general solicitation or general
      advertisement;

     

    (d) the
      Holder acknowledges that it has the information (or access to such information)
      with respect to the Company that is necessary for it to make the decision to
      acquire the Warrant and has been afforded (i) the opportunity to ask such
      questions as it has deemed necessary of, and to receive answers from,
      representatives of the Company concerning the terms and conditions of the
      offering of the Warrant and the merits and risks of acquiring the Warrant;
      (ii)
      information or access to information about the Company and its subsidiaries
      as
      disclosed in the Company’s filings with the Commission and their respective
      financial conditions, results of operations, business, properties, management
      and prospects sufficient to enable it to evaluate the Warrant; and (iii) the
      opportunity to obtain such additional information that the Company possesses
      or
      can acquire without reasonable effort or expense that is necessary to make
      an
      informed decision with respect to the Warrant;

     

    (e) the
      Holder has independently evaluated the merits of its decision to acquire the
      Warrant and such Holder confirms that it has not relied on the advice of any
      business or legal counsel in making such decision;

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (f) the
      Holder is acquiring the
      Warrant
      as principal for its own account and not with a view to or for distributing
      or
      reselling this Warrant,
      any part
      thereof, or
      any
      Warrant Shares, without
      prejudice, however, to the Holder’s right at all times to sell or otherwise
      dispose of all or any part of the
      Warrant
      in compliance with applicable federal and state securities laws.
      The
      Holder is acquiring the Warrant in the ordinary course of its business. The
      Holder does not have any agreement or understanding, directly or indirectly,
      with any person to distribute the Warrant or any portion hereof;

     

    (g) the
      Holder understands that the Warrant and any Warrant Shares must be held
      indefinitely unless they are registered
      under
      the Securities Act or
      an
      exemption from registration is available. The Holder acknowledges that it is
      familiar with Rule 144 and that such Holder has been advised that Rule 144
      permits resales only under certain circumstances. The Holder understands that
      to
      the extent that Rule 144 is not available, such Holder will be unable to sell
      any portion of the Warrant or Warrant Shares without either registration under
      the Securities Act or the existence of another exemption from such registration
      requirement; and

     

    (h) the
      Holder understands that the Warrant is being offered and issued in reliance
      on a
      transactional exemption from the registration requirements of
      federal
      and state securities laws
      and the
      Company is relying upon the truth and accuracy of the representations,
      warranties, agreements, acknowledgements and understandings of the Holder set
      forth herein in order to determine the applicability of such exemptions and
      the
      suitability of the Holder to acquire the Warrant. The Holder understands that
      no
      United States federal or state agency or any government or governmental agency
      has passed upon or made any recommendation or endorsement of the
      Warrant.

     

    17. Miscellaneous.

     

    (a) This
      Warrant shall be binding on and inure to the benefit of the parties hereto
      and
      their respective successors and assigns. Subject to the preceding sentence,
      nothing in this Warrant shall be construed to give to any Person other than
      the
      Company and the Holder any legal or equitable right, remedy or cause of action
      under this Warrant. This Warrant may be amended only in writing signed by the
      Company and the Holder and their successors and assigns.

     

    (b) All
      questions concerning the construction, validity, enforcement and interpretation
      of this Warrant shall be governed by and construed and enforced in accordance
      with the internal laws of the State of New York, without regard to the
      principles of conflicts of law thereof. Each party agrees that all legal
      proceedings concerning the interpretations, enforcement and defense of this
      Warrant and the transactions herein contemplated (“Proceedings”) (whether
      brought against a party hereto or its respective Affiliates, employees or
      agents) shall be commenced exclusively in the New York Courts. Each party hereto
      hereby irrevocably submits to the exclusive jurisdiction of the New York Courts
      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 Proceeding, any claim that it is not
      personally subject to the jurisdiction of any New York Court, or that such
      Proceeding has been commenced in an improper or inconvenient forum. Each party
      hereto hereby irrevocably waives personal service of process and consents to
      process being served in any such Proceeding by mailing a copy thereof via
      registered or certified mail or overnight delivery (with evidence of delivery)
      to such party at the address in effect for notices to it under this Warrant
      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. Each party hereto
      hereby irrevocably waives, to the fullest extent permitted by applicable law,
      any and all right to trial by jury in any legal proceeding arising out of or
      relating to this Warrant or the transactions contemplated hereby. If either
      party shall commence a Proceeding to enforce any provisions of this Warrant,
      then the prevailing party in such Proceeding shall be reimbursed by the other
      party for its attorney’s fees and other costs and expenses incurred with the
      investigation, preparation and prosecution of such Proceeding.

     

    (c) The
      headings herein are for convenience only, do not constitute a part of this
      Warrant and shall not be deemed to limit or affect any of the provisions
      hereof.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (d) In
      case
      any one or more of the provisions of this Warrant shall be invalid or
      unenforceable in any respect, the validity and enforceability of the remaining
      terms and provisions of this Warrant shall not in any way be affected or
      impaired thereby and the parties will attempt in good faith to agree upon a
      valid and enforceable provision which shall be a commercially reasonable
      substitute therefor, and upon so agreeing, shall incorporate such substitute
      provision in this Warrant.

     

    (e) Prior
      to
      exercise of this Warrant, the Holder hereof shall not, by reason of by being
      a
      Holder, be entitled to any rights of a stockholder with respect to the Warrant
      Shares.

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK,

    SIGNATURE
      PAGE FOLLOWS]

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by
      its
      authorized officer as of the date first indicated above.

     

    
      Asian
        Financial, Inc.

    

     

     

    
      	
              By:

            	
              /s/
                Wenhua Guo

            
	 	
              Name:
                Wenhua Guo

            
	 	
              Title:
                Chief Executive Officer

            

    

    

    Acceptance
      of this Warrant, including the exhibits attached hereto,

    and
      the
      terms and conditions herein acknowledged by:

    

    ROTH
      CAPITAL PARTNERS, LLC

     

     

    
      	
              By:

            	
              /s/
                Gordon Roth

            
	 	
              Name:
                Gordon Roth

            
	 	
              Title:
                CFO

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXERCISE
      NOTICE

    Asian
      Financial, Inc.

    WARRANT
      DATED NOVEMBER 2, 2006

     

    The
      undersigned Holder hereby irrevocably elects to purchase _____________ shares
      of
      Common Stock pursuant to the above referenced Warrant. Capitalized terms used
      herein and not otherwise defined have the respective meanings set forth in
      the
      Warrant.

     

    
      	
              (1)

            	
              The
                undersigned Holder hereby exercises its right to purchase
                _________________ Warrant Shares pursuant to the
                Warrant.

            

    

     

    
      	
              (2)

            	
              The
                Holder intends that payment of the Exercise Price shall be made as
                (check
                one):

            

    

     

    ____“Cash
      Exercise” under Section 10

     

    ____“Cashless
      Exercise” under Section 10

     

    
      	
              (3)

            	
              If
                the holder has elected a Cash Exercise, the holder shall pay the
                sum of
                $____________ to the Company in accordance with the terms of the
                Warrant.

            

    

     

    
      	
              (4)

            	
              Pursuant
                to this Exercise Notice, the Company shall deliver to the holder
                _______________ Warrant Shares in accordance with the terms of the
                Warrant.

            

    

     

    
      	
              (5)

            	
              By
                its delivery of this Exercise Notice, the undersigned is
                hereby making the same representations and warranties as of the date
                of
                exercise as those set forth in Section 16 of the Warrant.

            

    

    

    
      	
              (6)

            	
              By
                its delivery of this Exercise Notice, the undersigned represents
                and
                warrants to the Company that in giving effect to the exercise evidenced
                hereby the Holder will not beneficially own in excess of the number
                of
                shares of Common Stock (determined in accordance with Section 13(d)
                of the
                Securities Exchange Act of 1934) permitted to be owned under Section
                11 of
                this Warrant to which this notice
                relates.

            

    

    

    
      	 	 	 
	
              Dated:          ,
                 

            	 	
              Name
                of Holder:

            
	 	 	 
	 	 	
              (Print)
                 

            
	 	 	 
	 	 	
              By: 

            
	 	 	
              Name: 

            
	 	 	
              Title: 

            
	 	 	 
	 	 	
              (Signature
                must conform in all respects to name of holder as specified on the
                face of
                the Warrant)

            

    

    

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

    Warrant
      Shares Exercise Log

     

    
      	
              Date

            	
              Number
                of Warrant Shares

              Available
                to be Exercised

            	
              Number
                of Warrant Shares

              Exercised

            	
              Number
                of

              Warrant
                Shares

              Remaining
                to be

              Exercised

            
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ASIAN
      FINANCIAL, INC. 

    WARRANT
      DATED NOVEMBER 2, 2006

    WARRANT
      NO. ___

     

    FORM
      OF
      ASSIGNMENT

     

    [To
      be
      completed and signed only upon transfer of Warrant]

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sells, assigns and transfers unto
      ________________________________ the right represented by the above-captioned
      Warrant to purchase ____________ shares of Common Stock to which such Warrant
      relates and appoints ________________ attorney to transfer said right on the
      books of the Company with full power of substitution in the
      premises.

     

    Dated: _______________,
      ____

     

    
      	 
	 
	
              (Signature
                must conform in all respects to name of holder as specified on the
                face of
                the Warrant)

            
	 
	 
	 
	
              Address
                of Transferee

            	 
	 	 
	 
	 
	 
	 

 

    In
      the
      presence of:

     

    ____________________EXHIBIT
      4.3

    

    Asian
      Financial, Inc.

    4/F,
      No.
      3 Jinyuan Road

    Daxing
      District Industrial Development Zone

    Beijing,
      102600 

    China

    

    December
      31, 2007

    

    [INVESTOR
      ADDRESS]

    

    Re:
      Warrant

    

    Dear
      Investor:

    

    Please
      find attached a Warrant issued by Asian Financial, Inc. (the "Company")
      to you
      pursuant to your Election and Statement to Receive Warrant Penalty
      ("Election")
      which
      the Company received in response to our letter to you dated October 26,
      2007.

    

    The
      issuance of the attached Warrant constitutes the Company's satisfaction in
      full
      of its obligations to you under the penalty provisions set forth in (i) Section
      2(e) of the Registration Rights Agreement dated October 24, 2006 by and among
      the Company and the investors identified therein, and (ii) Section
      4.11 of the Securities Purchase Agreement dated
      October 24, 2006 by and among the Company and the investors identified
      therein.
      

    

    Please
      sign the attached Warrant where indicated and return a copy of the fully
      executed Warrant to Fiona Feng via fax at +86(10) 6021-2164. If you have any
      questions, please feel free to contact Lou Ellis of Roth Capital at (949)
      720-5739 or Fiona Feng at +86(10) 6021-2047.

     

    

      
        	 	
                ASIAN
                  FINANCIAL, INC.

              
	 	 
	 	 
	 	
                By:

              	
                /s/
                  Wenhua Guo

              
	 	 	
                Wenhua
                  Guo

              
	 	 	
                Chief
                  Executive Officer

              

      

    

     

    Attached:
      Warrant

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    NEITHER
      THESE SECURITIES NOR THE SECURITIES ISSUABLE UPON EXERCISE OF THESE SECURITIES
      HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE
      SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
      REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
      ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
      EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
      AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
      SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR
      TO
      SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
      COMPANY. 

     

    ASIAN
      FINANCIAL, INC.

     

    WARRANT

     

    
      
        	
                [Warrant
                  No.]

              	
                Original Issue Date: December 31, 2007

              

      

    

     

    Asian
      Financial, Inc., a Wyoming corporation (the "Company"),
      hereby certifies that, pursuant to (i) provisions set forth in Section 2(e)
      of
      the Registration Rights Agreement dated as of October 24, 2006 between the
      Company and the investors identified therein in respect of liquidated damages
      that shall be paid by the Company, and (ii) the Investor Warrants Proposal
      Supplemental Letter dated as of October 26, 2007 issued by the Company, the
      Company grants to [INVESTOR] or its registered assigns (the "Holder"),
      the
      right to subscribe for and purchase from the Company up to a total of 47,772
      shares of Common Stock (each such share of Common Stock issuable upon exercise
      of this Warrant, a "Warrant Share" and all such shares, the "Warrant
      Shares"),
      at
      any time during the Exercise Period (as defined below), and subject to the
      following terms and conditions:

     

    1. Definitions.
      As used in this Warrant, the following terms shall have the respective
      definitions set forth in this Section 1. 

     

    "Affiliate"
      means
      any Person that, directly or indirectly through one or more intermediaries,
      controls or is controlled by or is under common control with a Person, as such
      terms are used in and construed under Rule 144.

     

    "Business
      Day"
      means
      any day except Saturday, Sunday and any day that is a federal legal holiday
      in
      the United States or a day on which banking institutions in the State of New
      York are authorized or required by law or other government action to
      close.

     

    "Common
      Stock"
      means
      the common stock of the Company, par value $0.001 per share, and any securities
      into which such common stock may hereafter be reclassified.

     

    "Exchange
      Act"
      means
      the Securities Exchange Act of 1934, as amended. 

     

    "Exercise
      Price"
      means
      $5.76 per share of Common Stock, subject to adjustment in accordance with
      Section 9.

     

    "Fundamental
      Transaction"
      means
      any of the following: (1) the Company effects any merger or consolidation of
      the
      Company with or into another Person as a result of which stockholders of the
      Company immediately prior to such merger or consolidation possess a minority
      of
      the voting power of the acquiring entity immediately following such transaction,
      (2) the Company effects any sale of all or substantially all of its assets
      in
      one or a series of related transactions, (3) any tender offer or exchange offer
      (whether by the Company or another Person) is completed pursuant to which
      holders of Common Stock are permitted to tender or exchange their shares for
      other securities, cash or property, or (4) the Company effects any
      reclassification of the Common Stock or any compulsory share exchange pursuant
      to which the Common Stock is effectively converted into or exchanged for other
      securities, cash or property.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    “New
      York Courts”
means
      the state and federal courts sitting in the City of New York, Borough of
      Manhattan.

     

    “Original
      Issue Date”
means
      the Original Issue Date first set forth on the first page of this
      Warrant.

     

    "Person"
      means
      an individual or corporation, partnership, trust, incorporated or unincorporated
      association, joint venture, limited liability company, joint stock company,
      government (or an agency or subdivision thereof) or other entity of any
      kind.

     

    "Rule
      144"
      means
      Rule 144 promulgated by the Securities and Exchange Commission pursuant to
      the
      Securities Act, as such Rule may be amended from time to time, or any similar
      rule or regulation hereafter adopted by the Securities and Exchange Commission
      having substantially the same effect as such Rule.

     

    "Securities
      Act"
      means
      the Securities Act of 1933, as amended.

     

    "Trading
      Day"
      means
      (i) a day on which the Common Stock is traded on a Trading Market (other than
      the OTC Bulletin Board), or (ii) if the Common Stock is not listed on a Trading
      Market (other than the OTC Bulletin Board), a day on which the Common Stock
      is
      traded in the over-the-counter market, as reported by the OTC Bulletin Board,
      or
      (iii) if the Common Stock is not quoted on any Trading Market, a day on which
      the Common Stock is quoted in the over-the-counter market as reported by the
      Pink Sheets, LLC (or any similar organization or agency succeeding to its
      functions of reporting prices); provided, that in the event that the Common
      Stock is not listed or quoted as set forth in (i), (ii) and (iii) hereof, then
      Trading Day shall mean a Business Day.

     

    "Trading
      Market"
      means
      whichever of the New York Stock Exchange, the American Stock Exchange, the
      NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market
      or OTC Bulletin Board on which the Common Stock is listed or quoted for trading
      on the date in question.

     

    2. Registration
      of Warrant.
      The
      Company shall register this Warrant upon records to be maintained by the Company
      for that purpose (the "Warrant Register"), in the name of the record Holder
      hereof from time to time. The Company may deem and treat the registered Holder
      of this Warrant as the absolute owner hereof for the purpose of any exercise
      hereof or any distribution to the Holder, and for all other purposes, absent
      actual notice to the contrary.

     

    3. Registration
      of Transfers.
      The
      Company shall register the transfer of any portion of this Warrant in the
      Warrant Register, upon surrender of this Warrant, with the Form of Assignment
      attached hereto duly completed and signed, to the Company at its address
      specified herein. Upon any such registration or transfer, a new Warrant to
      purchase Common Stock, in substantially the form of this Warrant (any such
      new
      Warrant, a "New
      Warrant"),
      evidencing the portion of this Warrant so transferred shall be issued to the
      transferee and a New Warrant evidencing the remaining portion of this Warrant
      not so transferred, if any, shall be issued to the transferring Holder. The
      acceptance of the New Warrant by the transferee thereof shall be deemed the
      acceptance by such transferee of all of the rights and obligations of a holder
      of a Warrant. 

     

    4. Exercise
      and Duration of Warrants.
      On the
      terms and subject to the conditions contained herein, this Warrant shall be
      exercisable by the Holder on any Business Day starting on June
      30,
      2008
      and
      ending at 5:00 p.m., New York City time, on June 30, 2013 (the “Exercise
      Period”)
      for
      all or any portion of the Warrant Shares. The portion of this Warrant not
      exercised prior to the expiration of the Exercise Period shall be and become
      void and of no value. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    5. Delivery
      of Warrant Shares.

     

    (a) To
      effect
      exercises hereunder, the Holder shall not be required to physically surrender
      this Warrant unless the aggregate Warrant Shares represented by this Warrant
      is
      being exercised. Upon delivery of the Exercise Notice (in the form attached
      hereto) to the Company (with the attached Warrant Shares Exercise Log) at its
      address for notice set forth herein and upon payment of the Exercise Price
      multiplied by the number of Warrant Shares that the Holder intends to purchase
      hereunder, the Company shall promptly (but in no event later than three Trading
      Days after the Date of Exercise (as defined herein)) issue and deliver to the
      Holder, a certificate for the Warrant Shares issuable upon such exercise. The
      Company shall, upon request of the Holder and subsequent to the date on which
      a
      registration statement covering the resale of the Warrant Shares has been
      declared effective by the Securities and Exchange Commission, use its reasonable
      best efforts to deliver Warrant Shares hereunder electronically through the
      Depository Trust Corporation or another established clearing corporation
      performing similar functions, if available, provided, that, the Company may,
      but
      will not be required to, change its transfer agent if its current transfer
      agent
      cannot deliver Warrant Shares electronically through the Depository Trust
      Corporation. A "Date
      of Exercise"
      means
      the date on which the Holder shall have delivered to the Company: (i) the
      Exercise Notice (with the Warrant Exercise Log attached to it), appropriately
      completed and duly signed and (ii) if such Holder is not utilizing the cashless
      exercise provisions set forth in this Warrant, payment of the Exercise Price
      for
      the number of Warrant Shares so indicated by the Holder to be
      purchased.

     

    (b) If
      by the
      third Trading Day after a Date of Exercise the Company fails to deliver the
      required number of Warrant Shares in the manner required pursuant to Section
      5(a), then the Holder will have the right to rescind such exercise.

     

    (c) If
      by the
      fifth Trading Day after a Date of Exercise the Company has yet to deliver the
      required number of Warrant Shares in the manner required pursuant to Section
      5(a), and if after such fifth Trading Day and prior to the receipt of such
      Warrant Shares, the Holder (i) has not then rescinded such exercise pursuant
      to
      Section 5(b) and (ii) purchases (in an open market transaction or otherwise)
      shares of Common Stock to deliver in satisfaction of a sale by the Holder of
      the
      Warrant Shares which the Holder anticipated receiving upon such exercise (a
      "Buy–In"),
      then
      the Company shall (1) pay in cash to the Holder the amount by which (x) the
      Holder's total purchase price (including brokerage commissions, if any) for
      the
      shares of Common Stock so purchased exceeds (y) the amount obtained by
      multiplying (A) the number of Warrant Shares that the Company was required
      to
      deliver to the Holder in connection with the exercise at issue by (B) the
      closing bid price of the Common Stock on the Date of Exercise (or, if on the
      Date of Exercise, the Common Stock is not traded on any Trading Market, the
      fair
      market value of one share of the Common Stock on the Date of Exercise, as
      determined by the Company’s Board of Directors) and (2) at the option of the
      Holder, either reinstate the portion of the Warrant and equivalent number of
      Warrant Shares for which such exercise was not honored or deliver to the Holder
      the number of shares of Common Stock that would have been issued had the Company
      on a timely basis complied with its exercise and delivery obligations hereunder.
      The Holder shall provide the Company written notice indicating the amounts
      payable to the Holder in respect of the Buy–In. 

     

    6. Charges,
      Taxes and Expenses. Issuance and delivery of Warrant Shares upon exercise of
      this Warrant shall be made without charge to the Holder for any issue or
      transfer tax, withholding tax, transfer agent fee or other incidental tax or
      expense in respect of the issuance of such certificates, all of which taxes
      and
      expenses shall be paid by the Company; provided, however, that the Company
      shall
      not be required to pay any tax which may be payable in respect of any transfer
      involved in the registration of any certificates for Warrant Shares or Warrants
      in a name other than that of the Holder. The Holder shall be responsible for
      all
      other tax liability that may arise as a result of holding or transferring this
      Warrant or receiving Warrant Shares upon exercise hereof.

     

    7. Replacement
      of Warrant. If this Warrant is mutilated, lost, stolen or destroyed, the Company
      shall issue or cause to be issued in exchange and substitution for and upon
      cancellation hereof, or in lieu of and substitution for this Warrant, a New
      Warrant, but only upon receipt of evidence reasonably satisfactory to the
      Company of such loss, theft or destruction and customary and reasonable
      indemnity (which shall not include a surety bond), if requested. Applicants
      for
      a New Warrant under such circumstances shall also comply with such other
      reasonable regulations and procedures and pay such other reasonable third-party
      costs as the Company may prescribe. If a New Warrant is requested as a result
      of
      a mutilation of this Warrant, then the Holder shall deliver such mutilated
      Warrant to the Company as a condition precedent to the Company’s obligation to
      issue the New Warrant.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    8. Reservation
      of Warrant Shares.
      The
      Company covenants that it will at all times reserve and keep available out
      of
      the aggregate of its authorized but unissued and otherwise unreserved Common
      Stock, solely for the purpose of enabling it to issue Warrant Shares upon
      exercise of this Warrant as herein provided, the number of Warrant Shares which
      are then issuable and deliverable upon the exercise of this entire Warrant,
      free
      from preemptive rights or any other contingent purchase rights of Persons other
      than the Holder (taking into account the adjustments and restrictions of Section
      9). The Company covenants that all Warrant Shares so issuable and deliverable
      shall, upon issuance and the payment of the applicable Exercise Price in
      accordance with the terms hereof, be duly and validly authorized, issued and
      fully paid and nonassessable.

     

    9. Certain
      Adjustments.
      The
      Exercise Price and number of Warrant Shares issuable upon exercise of this
      Warrant are subject to adjustment from time to time as set forth in this Section
      9.

     

    (a) Stock
      Dividends and Splits.
      If the
      Company, at any time while this Warrant is outstanding, (i) pays a stock
      dividend on its Common Stock or otherwise makes a distribution on any class
      of
      capital stock that is payable in shares of Common Stock, (ii) subdivides
      outstanding shares of Common Stock into a larger number of shares, or (iii)
      combines outstanding shares of Common Stock into a smaller number of shares,
      then in each such case the Exercise Price shall be multiplied by a fraction
      of
      which the numerator shall be the number of shares of Common Stock outstanding
      immediately before such event and of which the denominator shall be the number
      of shares of Common Stock outstanding immediately after such event. Any
      adjustment made pursuant to clause (i) of this paragraph shall become effective
      immediately after the record date for the determination of stockholders entitled
      to receive such dividend or distribution, and any adjustment pursuant to clause
      (ii) or (iii) of this paragraph shall become effective immediately after the
      effective date of such subdivision or combination.

     

    (b) Fundamental
      Transactions.
      If, at
      any time while this Warrant is outstanding there is a Fundamental Transaction,
      then the Holder shall have the right thereafter to receive, upon exercise of
      this Warrant, the same amount and kind of securities, cash or property as it
      would have been entitled to receive upon the occurrence of such Fundamental
      Transaction if it had been, immediately prior to such Fundamental Transaction,
      the holder of the number of Warrant Shares then issuable upon exercise in full
      of this Warrant (the "Alternate
      Consideration").
      For
      purposes of any such exercise, the determination of the Exercise Price shall
      be
      appropriately adjusted to apply to such Alternate Consideration based on the
      amount of Alternate Consideration issuable in respect of one share of Common
      Stock in such Fundamental Transaction, and the Company shall apportion the
      Exercise Price among the Alternate Consideration in a reasonable manner
      reflecting the relative value of any different components of the Alternate
      Consideration. If holders of Common Stock are given any choice as to the
      securities, cash or property to be received in a Fundamental Transaction, then
      the Holder shall be given the same choice as to the Alternate Consideration
      it
      receives upon any exercise of this Warrant following such Fundamental
      Transaction. At the Holder's option and request, the Company shall make
      commercially reasonable efforts to procure that any successor to the Company
      or
      surviving entity in such Fundamental Transaction either (1) issue to the Holder
      a new warrant substantially in the form of this Warrant and consistent with
      the
      foregoing provisions and evidencing the Holder's right to purchase the Alternate
      Consideration for the aggregate Exercise Price upon exercise thereof, or (2)
      purchase the Warrant from the Holder for a purchase price, payable in cash
      within five Trading Days after such request (or, if later, on the effective
      date
      of the Fundamental Transaction), equal to the Black Scholes value of the
      remaining unexercised portion of this Warrant on the date of such request.
      The
      Company shall make commercially reasonable efforts to procure that the terms
      of
      any agreement pursuant to which a Fundamental Transaction is effected include
      terms requiring any such successor or surviving entity to comply with the
      provisions of this paragraph (b) and insuring that the Warrant (or any such
      replacement security) will be similarly adjusted upon any subsequent transaction
      analogous to a Fundamental Transaction. 

     

    (c) Number
      of Warrant Shares.
      Simultaneously with any adjustment to the Exercise Price pursuant to this
      Section 9, the number of Warrant Shares that may be purchased upon exercise
      of
      this Warrant shall be increased or decreased proportionately, so that after
      such
      adjustment the aggregate Exercise Price payable hereunder for the adjusted
      number of Warrant Shares shall be the same as the aggregate Exercise Price
      in
      effect immediately prior to such adjustment.

     

    (d) Calculations.
      All
      calculations under this Section 9 shall be rounded to the nearest cent or the
      nearest one (1) share, as applicable. The number of shares of Common Stock
      outstanding at any given time shall not include shares owned or held by or
      for
      the account of the Company, and the disposition of any such shares shall be
      considered an issue or sale of Common Stock.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (e) Notice
      of Adjustments.
      Upon
      the occurrence of each adjustment pursuant to this Section 9, the Company at
      its
      expense will promptly compute such adjustment in accordance with the terms
      of
      this Warrant and prepare a certificate setting forth such adjustment, including
      a statement of the adjusted Exercise Price and adjusted number or type of
      Warrant Shares or other securities issuable upon exercise of this Warrant (as
      applicable), describing the transactions giving rise to such adjustments and
      showing in detail the facts upon which such adjustment is based. Upon written
      request, the Company will promptly deliver a copy of each such certificate
      to
      the Holder and to the Company's Transfer Agent.

     

    10. Payment
      of Exercise Price.
      The
      Holder may pay the Exercise Price in one of the following manners:

     

    (a) Cash
      Exercise.
      The
      Holder may deliver immediately available funds; or

     

    (b) Cashless
      Exercise.
      The
      Holder may notify the Company in an Exercise Notice of its election to utilize
      cashless exercise, in which event the Company shall issue to the Holder the
      number of Warrant Shares determined as follows:

     

    X
      = Y
      [(A-B)/A]

     

    where:

     

    X
      = the
      number of Warrant Shares to be issued to the Holder.

     

    Y
      = the
      number of Warrant Shares with respect to which this Warrant is being
      exercised.

     

    A
      = the
      average of the closing prices for the five Trading Days immediately prior to
      (but not including) the Date of Exercise.

     

    B
      = the
      Exercise Price.

     

    For
      purposes of Rule 144, it is intended, understood and acknowledged that the
      Warrant Shares issued in a cashless exercise transaction shall be deemed to
      have
      been acquired by the Holder, and the holding period for the Warrant Shares
      shall
      be deemed to have commenced, on the date this Warrant was originally
      issued.

     

    11. Limitations
      on Exercise.
      Notwithstanding anything to the contrary contained herein, the number of Warrant
      Shares that may be acquired by the Holder upon any exercise of this Warrant
      (or
      otherwise in respect hereof) shall be limited to the extent necessary to insure
      that, following such exercise (or other issuance), the total number of shares
      of
      Common Stock then beneficially owned by such Holder and its Affiliates and any
      other Persons whose beneficial ownership of Common Stock would be aggregated
      with the Holder's for purposes of Section 13(d) of the Exchange Act, does not
      exceed 9.999% of the total number of issued and outstanding shares of Common
      Stock (including for such purpose the shares of Common Stock issuable upon
      such
      exercise). For such purposes, beneficial ownership shall be determined in
      accordance with Section 13(d) of the Exchange Act and the rules and regulations
      promulgated thereunder. This provision shall not restrict the number of shares
      of Common Stock which a Holder may receive or beneficially own in order to
      determine the amount of securities or other consideration that such Holder
      may
      receive in the event of a Fundamental Transaction as contemplated in Section
      9
      of this Warrant. This restriction may not be waived.

     

    12. No
      Fractional Shares.
      No
      fractional shares of Warrant Shares will be issued in connection with any
      exercise of this Warrant. In lieu of any fractional shares which would,
      otherwise be issuable, the Company shall pay cash equal to the product of such
      fraction multiplied by the closing bid price of one Warrant Share as reported
      by
      the applicable Trading Market on the Date of Exercise (or, if on the Date of
      Exercise, the Warrant Shares are not traded on any Trading Market, the fair
      market value of one Warrant Share on the Date of Exercise, as determined in
      good
      faith by the Company’s Board of Directors).

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    13. Call
      Provision.
      If at
      any time following the Original Issue Date: (i) the Common Stock is listed
      or
      quoted on a Trading Market during the entire Call Condition Period (as defined
      below), (ii) the closing
      bid price of the Common Stock for any consecutive ten (10)
      Trading
      Day period (each such Trading Day during the consecutive ten
      (10)
      Trading
      Day period shall occur following the Original Issue Date) is equal to or greater
      than 200% of the Exercise Price (subject to adjustment pursuant to Section
      9),
      and (iii) (a) the Holder is entitled, upon exercise of the Warrant, to require
      the Company to include the Warrant Shares for
      registration
      pursuant
      to an effective registration statement naming the Holder as a selling
      stockholder thereunder (and the prospectus thereunder is available for use
      by
      the Holder as to all Warrant Shares) or
      (b) upon
      exercise of the Warrant, the Warrant Shares are
      freely
      transferable without volume restrictions pursuant to Rule 144, as determined
      by
      counsel to the Company pursuant to a written opinion letter addressed and in
      form and substance reasonably acceptable to the Holder and the transfer agent
      for the Common Stock, during the entire ten
      (10)
      Trading
      Day period referenced in (ii) above through the expiration of the Call Date
      as
      set forth in the Company’s notice pursuant to this Section (the “Call
      Condition Period”),
      then,
      subject to the conditions set forth in this Section, the Company may, upon
      written notice to the Holder (the “Call
      Notice”),
      elect
in
      its
      sole discretion
      to
      require that the Holder exercise up to all of the then unexercised portion
      of
      this Warrant, on the date that is
      twenty
      (20) days following the delivery of the Call Notice
      (such
twentieth
      day
      shall be known as the “Call
      Date”)
      at the
      address last shown on the records of the Company for the Holder or given by
      the
      Holder to the Company for the purpose of notice, and if such exercise is not
      made by the Holder, any and all rights to exercise any
      then
      unexercised
      portion
      of the Warrant shall
      automatically terminate without any further action required by any
      party;
      provided, that the conditions to giving such notice must be in effect at all
      times during the Call Condition Period (other than as to clause (ii)
      above
      which only needs to be satisfied up to the time of the delivery of the Call
      Notice) or any such Call Notice shall be null and void. The Company and the
      Holder agree that, if and to the extent Section 11 of this Warrant would
      restrict the ability of the Holder to exercise this Warrant in the event of
      a
      delivery of a Call Notice, then notwithstanding anything to the contrary set
      forth in the Call Notice, the Call Notice shall be deemed automatically amended
      to apply only to such portion of this Warrant as may be exercised by the Holder
      by the Call Date in accordance with such Section. The Holder will promptly
      (and,
      in any event, prior to the Call Date) notify the Company in writing following
      receipt of a Call Notice if Section 11 would restrict its exercise of the
      Warrant, specifying therein the number of Warrant Shares so restricted. The
      Company covenants and agrees that it will honor all Exercise Notices tendered
      through 5:00 p.m. (New York City time) on the Call Date.

     

    14. Notices.
      Any and
      all notices or other communications or deliveries hereunder (including, without
      limitation, any Exercise Notice) shall be in writing and shall be deemed given
      and effective on the earliest of (i) the date of transmission, if such notice
      or
      communication is delivered via facsimile at the facsimile number specified
      in
      this Section prior to 5:00 p.m. (New York City time) on a Business Day, (ii)
      the
      next Business Day after the date of transmission, if such notice or
      communication is delivered via facsimile at the facsimile number specified
      in
      this Section on a day that is not a Business Day or later than 5:00 p.m. (New
      York City time) on any Business Day, (iii) the Business Day following the date
      of mailing, if sent by nationally recognized overnight courier service, or
      (iv)
      upon actual receipt by the party to whom such notice is required to be given.
      The addresses for such communications shall be: (i) if to the Company, to No.
      3
      Jinyuan Road, Daxing District Industrial Development Zone, Beijing, China
      102600, Attn.: Fiona Feng, or to Facsimile No.: +86 (10) 6021-2164 (or such
      other address as the Company shall indicate in writing in accordance with this
      Section), or (ii) if to the Holder, to the address or facsimile number appearing
      on the Warrant Register or such other address or facsimile number as the Holder
      may provide to the Company in accordance with this Section.

     

    15. No
      Stockholder Rights.
      This
      Warrant, by itself, as distinguished from any Warrant Shares issued hereunder,
      shall not entitle the Holder to any of the rights of a stockholder of the
      Company.

     

    16. Warrant
      Agent.
      The
      Company shall appoint BNY Mellon Shareowner Services as its warrant agent under
      this Warrant. Upon 10 days' notice to the Holder, the Company may appoint a
      new
      warrant agent. Any corporation into which the Company or any new warrant agent
      may be merged or any corporation resulting from any consolidation to which
      the
      Company or any new warrant agent shall be a party or any corporation to which
      the Company or any new warrant agent transfers substantially all of its
      corporate trust or shareholders services business shall be a successor warrant
      agent under this Warrant without any further act. Any such successor warrant
      agent shall promptly cause notice of its succession as warrant agent to be
      mailed (by first class mail, postage prepaid) to the Holder at the Holder's
      last
      address as shown on the Warrant Register.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    17. Holder
      Representations.
      The
      Holder of this Warrant, by acceptance hereof, acknowledges that this Warrant
      is
      being issued by the Company in reliance upon the following
      representations
      of the
      Holder:

     

    (a) the
      Holder is an entity duly organized,
      validly
      existing and in good standing under the laws of the jurisdiction of its
      organization with the requisite power and authority to enter into and to
      consummate the transactions contemplated by the Warrant and otherwise to carry
      out its obligations hereunder. The acceptance of the Warrant has been duly
      authorized by all necessary action and will constitute the valid and legally
      binding obligation of such Holder, enforceable against it in accordance with
      the
      terms hereunder;

     

    (b) that
      as
      of the date hereof,
      the
      Holder is an “accredited investor” as defined in Rule 501(a) under the
      Securities Act and
      such
      Holder has such experience in business and financial matters that it is capable
      of evaluating the merits and risks of the
      Warrant. The Holder acknowledges that returns
      based upon
      the
      Warrant are
      speculative and involve
      a high
      degree of risk;

     

    (c) the
      Holder is not acquiring the Warrant as a result of any advertisement, article,
      notice, meeting or other communication regarding the Warrant published in any
      newspaper, magazine or similar media or broadcast over television or radio
      or
      presented at any seminar or any other general solicitation or general
      advertisement;

     

    (d) the
      Holder acknowledges that it has the information (or access to such information)
      with respect to the Company that is necessary for it to make the decision to
      acquire the Warrant and has been afforded (i) the opportunity to ask such
questions
      as it
      has deemed necessary of, and to receive answers from, representatives of the
      Company concerning the terms and conditions of the offering of the Warrant
      and
      the merits and risks of acquiring the Warrant;
      (ii)
      information or access to information about the Company and its subsidiaries
      as
      disclosed in the Company’s filings with the Commission
      and their respective financial conditions, results of operations, business,
      properties, management and prospects sufficient to enable it to evaluate
the
      Warrant;
      and
      (iii) the opportunity to obtain such additional information that the Company
      possesses or can acquire without reasonable effort or expense that is necessary
      to make an informed decision
      with respect to the Warrant;

     

    (e) the
      Holder has independently evaluated the merits of its decision to acquire the
      Warrant and such Holder confirms that it has not relied on the advice of any
      business or legal counsel in making such decision;

     

    (f) the
      Holder
      is
      acquiring the
      Warrant
      as principal for its own account and
      not
      with a view to or for distributing or reselling this Warrant,
      any part
      thereof, or
      any
      Warrant Shares, without
      prejudice, however, to the Holder’s right at all times to sell or otherwise
      dispose of all or any part of the
      Warrant
      in compliance with applicable federal and state securities laws.
      The
      Holder is acquiring the Warrant in the ordinary course of its business. The
      Holder does not have any agreement or understanding, directly or indirectly,
      with any person to distribute the Warrant or any portion hereof;

     

    (g) the
      Holder understands that the Warrant and any Warrant Shares must be held
      indefinitely unless they are registered
      under
      the Securities Act or
      an
      exemption from registration
      is available. The Holder acknowledges that it is familiar with Rule 144 and
      that
      such Holder has been advised that Rule 144 permits resales only under certain
      circumstances. The Holder understands that to the extent that Rule 144 is not
      available, such Holder will be unable to sell any portion of the Warrant or
      Warrant Shares without either registration under the Securities Act or the
      existence of another exemption from such registration requirement;
      and

     

    (h) the
      Holder
      understands that the Warrant is
      being
      offered and issued
      in
      reliance on a transactional exemption from the registration requirements
      of
      federal
      and state securities laws
      and the
      Company is relying upon the truth and accuracy of the representations,
      warranties, agreements, acknowledgements and understandings of the Holder set
      forth herein in order to determine the applicability of such exemptions and
      the
      suitability of the Holder to acquire the Warrant.
      The
      Holder understands that no United States federal or state agency or any
      government or governmental agency has passed upon or made any recommendation
      or
      endorsement of the Warrant.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    18. Release
      and Satisfaction.
      The
      Holder hereby (a) acknowledges and confirms that the issuance of this Warrant
      constitutes the satisfaction in full of the Company’s obligations to the Holder
      under Section 2(e) of that certain Registration Rights Agreement dated as of
      October 24, 2006 by and among the Company and the investors identified therein
      and Section 4.11 of that certain Securities Purchase
      Agreement dated
      as
      of October 24, 2006 by and among the Company and the investors identified
      therein (the “Penalty Provisions”) and (b) irrevocably releases and forever
      discharges the Company from any and all claims, liabilities, obligations,
      covenants or agreements arising under or in connection with the Penalty
      Provisions.

     

    19. Miscellaneous.

     

    (a) This
      Warrant shall be binding on and inure to the benefit of the parties hereto
      and
      their respective successors and assigns. Subject to the preceding sentence,
      nothing in this Warrant shall be construed to give to any Person other than
      the
      Company and the Holder
      any
      legal or equitable right, remedy or cause of action under this Warrant. This
      Warrant may be amended only in writing signed by the Company and the Holder
      and
      their successors and assigns.

     

    (b) All
      questions concerning the construction, validity, enforcement and interpretation
      of this Warrant shall be governed by and construed and enforced in accordance
      with the internal laws of the State of New York, without regard to the
      principles of conflicts of law thereof. Each party agrees that all legal
      proceedings concerning the interpretations, enforcement and defense of this
      Warrant and the transactions herein contemplated (“Proceedings”) (whether
      brought against a party hereto or its respective Affiliates, employees or
      agents) shall be commenced exclusively in the New York Courts. Each party hereto
      hereby irrevocably submits to the exclusive jurisdiction of the New York Courts
      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 Proceeding, any claim that it is not
      personally subject to the jurisdiction of any New York Court, or that such
      Proceeding has been commenced in an improper or inconvenient forum. Each party
      hereto hereby irrevocably waives personal service of process and consents to
      process being served in any such Proceeding by mailing a copy thereof via
      registered or certified mail or overnight delivery (with evidence of delivery)
      to such party at the address in effect for notices to it under this Warrant
      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. Each party hereto
      hereby irrevocably waives, to the fullest extent permitted by applicable law,
      any and all right to trial by jury in any legal proceeding arising out of or
      relating to this Warrant or the transactions contemplated hereby. If either
      party shall commence a Proceeding to enforce any provisions of this Warrant,
      then the prevailing party in such Proceeding shall be reimbursed by the other
      party for its attorney’s fees and other costs and expenses incurred with the
      investigation, preparation and prosecution of such Proceeding.

     

    (c) The
      headings herein are for convenience only, do not constitute a part of this
      Warrant and shall not be deemed to limit or affect any of the provisions
      hereof.

     

    (d) In
      case
      any one or more of the provisions of this Warrant shall be invalid or
      unenforceable in any respect, the validity and enforceability of the remaining
      terms and provisions of this Warrant shall not in any way be affected or
      impaired thereby and the parties will attempt in good faith to agree upon a
      valid and enforceable provision which shall be a commercially reasonable
      substitute therefor, and upon so agreeing, shall incorporate such substitute
      provision in this Warrant.

     

    (e) Prior
      to
      exercise of this Warrant, the Holder hereof shall not, by reason of by being
      a
      Holder, be entitled to any rights of a stockholder with respect to the Warrant
      Shares.

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK,

    SIGNATURE
      PAGE FOLLOWS]

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by
      its
      authorized officer as of the date first indicated above.

     

    

      
        	 	
                Asian
                  Financial, Inc.

              
	 	 
	 	 
	 	
                By:
                  /s/ Wenhua Guo

              
	 	
                Name:
                  Wenhua Guo

              
	 	
                Title:
                  Chief Executive Officer

              

      

    

     

    Acceptance
      of this Warrant, including the exhibits attached hereto,

    and
      the
      terms and conditions herein acknowledged by:

    

    [INVESTOR]

    

      
        	
                By:

              	 	 
	
                Name:

              
	
                Title:

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

    

    EXERCISE
      NOTICE

    Asian
      Financial, Inc. 

    WARRANT
      DATED DECEMBER 31, 2007

     

    The
      undersigned Holder hereby irrevocably elects to purchase _____________ shares
      of
      Common Stock pursuant to the above referenced Warrant. Capitalized terms used
      herein and not otherwise defined have the respective meanings set forth in
      the
      Warrant.

     

    
      	
              (1)

            	
              The
                undersigned Holder hereby exercises its right to purchase
                _________________ Warrant Shares pursuant to the
                Warrant.

            

    

     

    
      	
              (2)

            	
              The
                Holder intends that payment of the Exercise Price shall be made as
                (check
                one):

            

    

     

    o   “Cash
      Exercise” under Section 10

     

    o   “Cashless
      Exercise” under Section 10

     

    
      	
              (3)

            	
              If
                the holder has elected a Cash Exercise, the holder shall pay the
                sum of
                $____________ to the Company in accordance with the terms of the
                Warrant.

            

    

     

    
      	
              (4)

            	
              Pursuant
                to this Exercise Notice, the Company shall deliver to the holder
                _______________ Warrant Shares in accordance with the terms of the
                Warrant.

            

    

     

    
      	
              (5)

            	
              By
                its delivery of this Exercise Notice, the undersigned is
                hereby making the same representations and warranties as of the date
                of
                exercise as those set forth in Section 16 of the Warrant.

            

    

    

    
      	
              (6)

            	
              By
                its delivery of this Exercise Notice, the undersigned represents
                and
                warrants to the Company that in giving effect to the exercise evidenced
                hereby the Holder will not beneficially own in excess of the number
                of
                shares of Common Stock (determined in accordance with Section 13(d)
                of the
                Securities Exchange Act of 1934) permitted to be owned under Section
                11 of
                this Warrant to which this notice
                relates.

            

    

    

    
      	 	 	 
	 	 	 
	
              Dated:
                ,
                

            	 	
              Name
                of Holder:

            
	 	 	 
	 	 	
              (Print)
                

            

    

    
      	 	 	 
	 	 	
              By:

            
	 	 	
              Name:

            
	 	 	
              Title:

            
	 	 	 
	 	 	
              (Signature
                must conform in all respects to name of holder as specified on the
                face of
                the Warrant)

            

    

     

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

     

    Warrant
      Shares Exercise Log

    

      
        	
                Date

              	 	
                Number of Warrant Shares

                Available to be Exercised

              	 	
                Number of Warrant Shares

                Exercised

              	 	
                Number of

                Warrant Shares

                Remaining to be

                Exercised

              	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ASIAN
      FINANCIAL, INC. 

    WARRANT
      DATED DECEMBER 31, 2007

    [WARRANT
      NO.]

     

    FORM
      OF
      ASSIGNMENT

     

    [To
      be
      completed and signed only upon transfer of Warrant]

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sells, assigns and transfers unto
      ________________________________ the right represented by the above-captioned
      Warrant to purchase ____________ shares of Common Stock to which such Warrant
      relates and appoints ________________ attorney to transfer said right on the
      books of the Company with full power of substitution in the
      premises.

    

      
        	
                Dated: _______________,
                  ____

              	 
	 	 
	 	 
	 	
                (Signature
                  must conform in all respects to name of holder

                as
                  specified on the face of the Warrant)

              
	 	 
	 	 
	 	
                Address
                  of Transferee

              
	 	 
	 	 
	 	 
	 	 
	
                In
                  the presence of:

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