Document:

Sunburst 8-K Consulting Agreement

    CONSULTING
      AGREEMENT

     

    This
      Consulting Agreement (the “Consulting
      Agreement”)
      is
      dated as of January 30, 2006, to be effective as of December 1, 2005, by and
      between Sunburst Acquisitions IV, Inc., a corporation organized and existing
      under the laws of Colorado with offices at 609 Granville Street, Suite 880,
      PO
      Box 10321 Pacific Centre, Vancouver, BC V7Y 1G5 (the “Company”)
      and
      G.M. Capital Partners, Ltd. a B.V.I. company with offices at Usteristrasse
      19
      POB 6681 CH-8023 Zurich Switzerland (the “Consultant”).

     

    WITNESSETH:

     

    The
      Company engaged the services of the Consultant for purposes of general corporate
      counseling and advice and more specifically for those services set forth on
      Schedules A, B, and C hereto (collectively, the “Consulting
      Services”).

     

    Accordingly,
      in
      consideration of the recitals, promises and conditions in this Consulting
      Agreement, the Consultant and the Company agree as follows:

     

    
      	1.  	
              Consulting
                Services.
                The Company hereby retains the Consultant, and the Consultant accepts
                such
                retention all on the terms and conditions herein
                contained.

            

    

     

    
      	2.  	
              Term.

            

    

     

    The
      initial term (the “Initial
      Term”)
      of this
      Consulting Agreement shall be for a 24 month period commencing on December
      1,
      2005

     

    
      	(a)  	
              Notwithstanding
                the above, either party may terminate this Consulting Agreement,
                upon 5
                days prior written notice, as
                follows:

            

    

     

    
      	(i)  	
              upon
                the failure of the other party to cure a material default under,
                or a
                breach of, this Consulting Agreement within 5 days after written
                notice is
                given as to such breach by the terminating
                party;

            

    

     

    
      	(ii)  	
              upon
                the bankruptcy or liquidation of the other party, whether voluntary
                or
                involuntary;

            

    

     

    
      	(iii)  	
              upon
                the other party taking the benefit of any insolvency law;
                and/or

            

    

     

    
      	(iv)  	
              upon
                the other party having a receiver appointed or applying for a receiver
                for
                all or a substantial part of such party’s assets or
                business.

            

    

     

    
      	(b)  	
              Notwithstanding
                the above, the Company may terminate this Consulting Agreement, upon
                five
                days prior written notice if the Consultant does not consummate a
                financing on the Company’s behalf of not less than $2,000,000 on or before
                April 30, 2006. 

            

    

     

    
      	(c)  	
              Following
                the expiration of the Initial Term, this Consulting Agreement will
                continue in full force and effect (the “Extended Term”) until terminated
                by either party, for any reason whatsoever, upon thirty (30) days
                prior
                written notice or earlier if in compliance with Section 2(b)
                hereof.

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

       

    

    
      	(d)  	
              Termination
                of this Consulting Agreement will not affect the right (i) of the
                Consultant to be paid (a) any fees enumerated in Section 3 hereof,
                additional fees enumerated in any of the Schedules hereto, and/or
                any
                reimbursable expenses incurred in connection with the Consulting
                Services,
                which are payable or have been earned as of the effective date of
                such
                termination or (b), any additional fees, enumerated in any of the
                Schedules hereto, earned and payable after the effective date of
                the
                termination of this Consulting Agreement or (ii), of any Indemnified
                Person to receive indemnification pursuant to the provisions set
                forth in
                Sections 6 and 7 of the Consulting Agreement. The Company will pay
                any
                such fees, additional fees and/or reimbursable expenses, earned and
                payable on or prior to the effective date of the termination of this
                Consulting Agreement, no later than the effective date of the termination
                of this Consulting Agreement. Any additional fees earned after the
                termination of this Consulting Agreement are payable in accordance
                with
                the provisions of the particular Schedule hereto relating to the
                payment
                of such additional fees.

            

    

     

    
      	3.  	
              Fees.
                In
                addition to and not in mitigation of, or substitution for, the additional
                fees enumerated in any of the Schedules hereto, the Company shall
                pay and
                deliver to the Consultant:

            

    

     

    
      	(a)  	
              The
                Company is in the process of consolidating its share capital on a
                1:50
                basis and all shares, warrants and warrant shares to be paid as a
                fee
                shall be on a post-consolidated basis anticipated to occur on February
                15,
                2006. 

            

    

     

    
      	(b)  	
              Simultaneously
                with the execution and delivery of this Consulting Agreement, an
                initial
                engagement fee consisting of:

            

    

     

    
      	(i)  	
              a
                payment in the amount of $10,000 USD made by wire transfer to the
                designated wiring instruction provided by Consultant from time to
                time;

            

    

     

    
      	(ii)  	
              1,000,000
                Series “A” post consolidated share purchase warrants (the “Series
                A Warrants”)
                having the terms and conditions set forth below and in the form attached
                to this Consulting Agreement as Schedule
“D”;

            

    

     

    
      	(iii)  	
              1,000,000
                Series “B” post-consolidated share purchase warrants (the “Series
                B Warrants”)
                having the terms and conditions set forth below and in the form attached
                to this Consulting Agreement as Schedule “D”;
                and

            

    

     

    
      	(iv)  	
              1,000,000
                Series “C” post-consolidated share purchase warrants (the “Series
                C Warrants”)
                having the terms and conditions set forth below and in the form attached
                to this Consulting Agreement as Schedule
“D”;

            

    

     

    
      	(v)  	
              1,000,000
                Series “D” post-consolidated share purchase warrants (the “Series
                D Warrants”)
                having the terms and conditions set forth below and in the form attached
                to this Consulting Agreement as Schedule “D”,
                and;

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    
      	(vi)  	
              1,000,000
                Series “E” post-consolidated share purchase warrants (the “Series
                E Warrants”)
                having the terms and conditions set forth below and in the form attached
                to this Consulting Agreement as Schedule
“D”;

            

    

     

    
      	(c)  	
              Commencing
                January 1, 2006 and continuing monthly thereafter during the Initial
                Term
                and Extended Term, a payment of US$10,000 USD (the “Monthly Fee”) made by
                wire transfer to the designated wiring instruction provided by Consultant
                from time to time.

            

    

     

    
      	(d)  	
              Each
                Series A Warrant will entitle the Consultant to purchase one share
                of the
                Company’s post-consolidated common stock at a purchase price of $0.50 per
                share during the period (the “Series
                A Exercise Period”)
                beginning on January 1, 2006 and ending on the date which is nine
                months
                after the effective date of the Company’s next registration statement, but
                in no event later than June 30, 2007. 

            

    

     

    
      	(e)  	
              Upon
                vesting, each Series B Warrant will entitle the Consultant to purchase
                one
                share of the Company’s post-consolidated common stock at a purchase price
                of $0.75 per share during the period (the “Series
                B Exercise Period”)
                beginning on the date they vest (the “Series
                B Vesting Date”)
                and expiring on December 31, 2007 (the “Series
                B Expiration Date”).
                The Series B Vesting Date shall be the date upon which the Consultant
                exercises the last of the Series A Warrants; provided, however, that
                if
                the Consultant does not exercise all of the Series A Warrants during
                the
                Series A Exercise Period, none of the Series B Warrants, the Series
                C
                Warrants, the Series D Warrants or the Series E Warrants shall vest
                and
                all of them shall become void and be of no further force or effect
                from
                and after December 31, 2007 at 5:00 p.m., Pacific Standard
                Time.

            

    

     

    
      	(f)  	
              Upon
                vesting, each Series C Warrant will entitle the Consultant to purchase
                one
                share of the Company’s post-consolidated common stock at a purchase price
                of $1.00 per share during the period (the “Series
                C Exercise Period”)
                beginning on the date they vest (the “Series
                C Vesting Date”)
                and expiring on December 31, 2007 (the “Series
                C Expiration Date”).
                The Series C Vesting Date shall be the date upon which the Consultant
                exercises the last of the Series B Warrants; provided, however, that
                if
                the Consultant does not exercise all of the Series B Warrants during
                the
                Series B Exercise Period, none of the Series C Warrants, the Series
                D
                Warrants, or the Series E Warrants shall vest and all of them shall
                become
                void and be of no further force or effect from and after the Series
                B
                Expiration Date.

            

    

     

    
      	(g)  	
              Upon
                vesting, each Series D Warrant will entitle the Consultant to purchase
                one
                share of the Company’s post-consolidated common stock at a purchase price
                of $1.25 per share during the period (the “Series
                D Exercise Period”)
                beginning on the date they vest (the “Series
                D Vesting Date”)
                and expiring on December 31, 2008 (the “Series
                D Expiration Date”).
                The Series D Vesting Date shall be the date upon which the Consultant
                exercises the last of the Series C Warrants; provided, however, that
                if
                the Consultant does not exercise all of the Series C Warrants during
                the
                Series C Exercise Period, none of the Series D Warrants, or the Series
                E
                Warrants shall vest and all of them shall become void and be of no
                further
                force or effect from and after the Series C Expiration
                Date.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    
      	(h)  	
              Upon
                vesting, each Series E Warrant will entitle the Consultant to purchase
                one
                share of the Company’s post-consolidated common stock at a purchase price
                of $1.50 per share during the period (the “Series
                E Exercise Period”)
                beginning on the date they vest (the “Series
                E Vesting Date”)
                and expiring on December 31, 2008 (the “Series
                E Expiration Date”).
                The Series E Vesting Date shall be the date upon which the Consultant
                exercises the last of the Series D Warrants; provided, however, that
                if
                the Consultant does not exercise all of the Series D Warrants during
                the
                Series D Exercise Period, none of the Series E Warrants shall vest
                and all
                of them shall become void and be of no further force or effect from
                and
                after the Series D Expiration Date.

            

    

     

    
      	(i)  	
              The
                number of common shares (each a “Warrant
                Share”
                and collectively the “Warrant
                Shares”)
                to be included in the Series A Warrants, the Series B Warrants, the
                Series
                C Warrants, the Series D Warrants and the Series E Warrants (collectively,
                the “Engagement
                Warrants”)
                shall be subject to adjustment, other than the proposed 1:50 reverse
                stock
                split, in case the Company shall (i) pay a stock dividend, forward
                split
                or make a distribution to holders of Common Stock in shares of its
                Common
                Stock, (ii) subdivide its outstanding shares of Common Stock, (iii)
                combine its outstanding shares of Common Stock into a smaller number
                of
                shares, or (iv) issue by reclassification of shares of Common Stock
                any
                other shares of capital stock of the Company, then, in each case
                the
                Exercise Price shall be adjusted, to an amount which shall bear the
                same
                relation to the Exercise Price in effect immediately prior to such
                action
                as the total number of shares outstanding immediately prior to such
                action
                shall bear to the total number of shares outstanding immediately
                after
                such action, and the Engagement Warrants automatically shall be adjusted
                so that it shall thereafter evidence the right to purchase the kind
                and
                number of Warrant Shares or other securities which the holder of
                the
                Engagement Warrants (the “Warrant Holder”) would have owned and would have
                be entitled to receive after such action if the Engagement Warrants
                had
                been exercised immediately prior to such action or any record date
                with
                respect thereto. An adjustment made pursuant to subparagraph (a)
                shall
                become effective retroactively immediately after the effective date
                in the
                case of a subdivision, combination or
                reclassification.

            

    

     

    
      	(j)  	
              In
                case the Company shall fix a record date for the making of a distribution
                to all holders of Common Stock (including any such distribution made
                in
                connection with a consolidation or merger in which the Company is
                the
                continuing corporation) of (i) assets (other than cash dividends
                or cash
                distributions payable out of consolidated net income or retained
                earnings
                or dividends payable in Common Stock), (ii) evidences of indebtedness
                or
                other debt or equity securities of the Company, or any corporation
                other
                than the Company (except for the Common Stock of the Company) or
                (iii)
                subscription rights, options or warrants to purchase any of the foregoing
                assets or securities, whether or not such rights, options or warrants
                are
                immediately exercisable (hereinafter collectively called “Distributions on
                Common Stock”), the Company shall make provisions for the Warrant Holder
                to receive upon exercise of Engagement Warrant, a proportional amount
                (depending upon the extent to which Engagement Warrant is exercised)
                of
                such assets, evidences of indebtedness, securities or such other
                rights,
                as if such Warrant Holder had exercised Engagement Warrant on or
                before
                such record date.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    
      	(k)  	
              In
                case of any consolidation or merger of the Company with or into another
                corporation or the sale of all or substantially all of the assets
                of the
                Company to another corporation, the Engagement Warrants thereafter
                shall
                be exercisable for the kind and amount of shares of stock or other
                securities or property to which a holder of the number of shares
                of Common
                Stock of the Company deliverable upon exercise of the Engagement
                Warrants
                would have been entitled upon such consolidation, merger or sale;
                and, in
                such case, appropriate adjustment (as determined in good faith by
                the
                Board of Directors) shall be made in the application of the provisions
                in
                this Section 3 (including provisions with respect to changes in and
                adjustments of the exercise price) shall thereafter be applicable
                as
                nearly as reasonably may be, in relation to any shares of stock or
                other
                securities or property thereafter deliverable upon the exercise of
                the
                Engagement Warrants.

            

    

     

    
      	(l)  	
              Upon
                the occurrence of each adjustment or readjustment of the exercise
                price or
                any change in the number of Warrant Shares or in the shares of stock
                or
                other securities or property deliverable upon exercise of any of
                the
                Engagement Warrants pursuant to this Section 3, the Company at its
                expense
                shall promptly compute such adjustment or readjustment and change
                in
                accordance with the terms hereof and furnish to each holder hereof
                a
                certificate signed by the chief financial officer of the Company,
                setting
                forth such adjustment or readjustment and change, (ii) the exercise
                price
                then in effect, and (iii) the number of Warrant Shares and the amount,
                if
                any, of other shares of stock and other securities and property which
                would be received upon the exercise of the Engagement
                Warrant.

            

    

     

    
      	(m)  	
              The
                Consultant shall not have the right to exercise any portion of any
                of the
                Engagement Warrants, pursuant to this Section 3 or otherwise, to
                the
                extent that after giving effect to such issuance after exercise,
                the
                Holder (together with the Holder’s affiliates), as set forth on the
                applicable Notice of Exercise, would beneficially own in excess of
                4.99%
                of the number of shares of the Company’s common stock outstanding
                immediately after giving effect to such issuance. For purposes of
                the
                foregoing sentence, the number of shares of the Company’s common stock
                beneficially owned by the Consultant and its affiliates shall include
                the
                number of shares of the Company’s common stock issuable upon exercise of
                the particular Series of Engagement Warrant (i.e. Series, A, B, C,
                D, or
                E) with respect to which the determination of such sentence is being
                made,
                but shall exclude the number of shares of the Company’s common stock which
                would be issuable upon (A) exercise of the remaining, nonexercised
                portion
                of other Series of the Engagement Warrant(s) beneficially owned by
                the
                Consultant or any of its affiliates and (B) exercise or conversion
                of the
                unexercised or nonconverted portion of any other securities of the
                Company
                (including, without limitation, any other warrants) subject to a
                limitation on conversion or exercise analogous to the limitation
                contained
                herein beneficially owned by the Consultant or any of its affiliates.
                Except as set forth in the preceding sentence, for purposes of this
                Section 3(l), beneficial ownership shall be calculated in accordance
                with
                Section 13(d) of the Securities Exchange Act of 1934 (the “Exchange Act”),
                it being acknowledged by the Consultant that the Company is not
                representing to the Consultant that such calculation is in compliance
                with
                Section 13(d) of the Exchange Act and the Consultant is solely responsible
                for any schedules required to be filed in accordance therewith. To
                the
                extent that the limitation contained in this Section 3(l) applies,
                the
                determination of whether the Engagement Warrant is exercisable (in
                relation to other securities owned by the Consultant) and of which
                portion
                of the Engagement Warrant is exercisable shall be in the sole discretion
                of the Consultant, and the submission of a Notice of Exercise shall
                be
                deemed to be the Consultant’s determination of whether the Engagement
                Warrant is exercisable (in relation to other securities owned by
                the
                Consultant) and of which portion of the Engagement Warrant is exercisable,
                in each case subject to such aggregate percentage limitation, and
                the
                Company shall have no obligation to verify or confirm the accuracy
                of such
                determination. For purposes of this Section 3(c), in determining
                the
                number of outstanding shares of the Company’s common stock, the Consultant
                may rely on the number of outstanding shares of the Company’s common stock
                as reflected in (x) the Company’s most recent periodic filing on EDGAR, as
                the case may be, (y) a more recent public announcement by the Company
                or
                (z) any other notice by the Company or the Company’s Transfer Agent
                setting forth the number of shares of the Company’s common stock
                outstanding. Upon the written or oral request of the Consultant,
                the
                Company shall within two trading days confirm orally and in writing
                to the
                Consultant the number of shares of the Company’s Common Stock then
                outstanding. In any case, the number of outstanding shares of the
                Company’s common stock shall be determined after giving effect to the
                conversion or exercise of securities of the Company, including the
                Engagement Warrant(s), by the Consultant or its affiliates since
                the date
                as of which such number of outstanding shares of the Company’s common
                stock was reported.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    
      	4.  	
              Expenses.
                The Company will reimburse the Consultant for its expenses, including
                any
                due diligence, legal and accounting expenses, reasonably incurred
                by the
                Consultant, in execution of the Consulting Services on behalf of
                the
                Company. Expenses, if any, shall be paid monthly in arrears and the
                first
                payment shall be made on February 1, 2006. The expenses shall be
                paid
                until the termination of this Consulting Agreement and all outstanding
                expenses (including unbilled expenses) shall be paid on the date
                of the
                termination of this Consulting Agreement or as soon thereafter as
                practical with respect to unbilled expenses. Notwithstanding anything
                in
                this Consulting Agreement to the contrary, the Consultant may require
                the
                Company to pay, and the Company at the direction of the Consultant
                will
                pay, any expenses that alone or in the aggregate may exceed US$250
                directly in advance. Notwithstanding any other provision of this
                Consulting Agreement, the Consultant shall not make any single expenditure
                that exceeds US$500 or expenditures which in aggregate exceed US$2,500
                per
                month without the prior written consent of the
                Company.

            

    

     

    
      	5.  	
              Duties
                of the Company.

            

    

     

    
      	(a)  	
              The
                Company shall supply the Consultant, on a regular and timely basis,
                with
                all data and information about the Company, its management, its products
                and its operations as the Company deems material or which the Consultant
                reasonably requires, and the Company shall be responsible for advising
                the
                Consultant of any facts which would affect the accuracy of any prior
                data
                and information previously supplied to the Consultant so that the
                Consultant may take corrective
                action.

            

    

     

    
      	(b)  	
              The
                Company shall promptly supply the Consultant with full and complete
                copies
                of all filings with all federal and state securities agencies; full
                and
                complete copies of all stockholder stock reports and communications,
                whether or not prepared with the Consultants’ assistance; all data and
                information supplied to any analyst, broker-dealer, market maker
                or other
                member of the financial community; and all product/services brochure,
                sales materials, etc. The Company will comply with all requirements
                of the
                Securities Exchange Act of 1934 on a timely
                basis.

            

    

     

    
      	(c)  	
              The
                Company shall promptly notify the Consultant of the filing of any
                registration statement for the sale of securities and of any other
                event
                that imposes any restrictions on publicity concerning the Company
                and its
                affairs.

            

    

     

    
      	(d)  	
              The
                Company shall contemporaneously notify the Consultant if any information
                or data being supplied to the Consultant has not been generally released
                or promulgated.

            

    

     

    
      	(e)  	
              Other
                specific obligations of the Company hereunder includes the obligation
                to
                make all payments (including, but not limited to the Monthly Fee)
                and/or
                deliveries of securities required hereunder (including, but not limited
                to
                the Engagement Warrants, and Warrant Shares) as due; if the Company
                defaults in making such payments and/or deliveries of securities
                when due
                and fails to cure such default within 3 days written notice by the
                Consultant, then, in addition to any and all other rights the Consultant
                may have hereunder, the Company agrees to sell, (not as a penalty
                but as
                liquidated damages) to the Consultant 1,000 shares of the Company
                common
                stock for each day it fails to make such payment and/or delivery
                at a
                price of $.001 per share. Such number of shares shall be subject
                to the
                anti-dilution provisions of the Engagement
                Warrants.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

    

    
      	6.  	
              Representatives
                and Indemnification by Company.

            

    

     

    
      	(a)  	
              The
                Company shall be deemed to make a continuing representation of the
                accuracy of any and all material facts, information and data which
                it
                supplies to the Consultant and the Company acknowledges its awareness
                that
                the Consultant will rely on such continuing representations in
                disseminating such information and otherwise performing its functions
                under the Consulting Agreement.

            

    

     

    
      	(b)  	
              The
                Consultant, in the absence of notice in writing from the Company,
                will
                rely on the continuing accuracy of material, information and data
                supplied
                by the Company.

            

    

     

    
      	(c)  	
              The
                Company hereby agrees to indemnify the Consultant, including its
                officers,
                directors, agents and attorneys, against, and to hold the Consultant
                harmless from, any claims, demands, suits, loss, damages, etc. arising
                out
                of the Consultant’s reliance upon the accuracy and continuing accuracy of
                such facts, material, information and data, unless the Consultant
                has been
                grossly negligent in fulfilling its duties and obligations
                hereunder.

            

    

     

    
      	(d)  	
              The
                Company hereby agrees to indemnify the Consultant against, and to
                hold the
                Consultant, including its officers, directors, agents and attorneys,
                harmless from, any claims, demands, suits, loss, damages, etc. arising
                out
                of the Consultant’s reliance on the general availability of information
                supplied to the Consultant and the Consultant’s ability to promulgate such
                information, unless the Consultant has be grossly negligent in fulfilling
                his duties and obligations
                hereunder.

            

    

     

    
      	(e)  	
              The
                Company agrees that it will not release or disseminate any information
                without first providing such information to the Consultant for review.
                The
                Consultant may make suggestions concerning the release or dissemination,
                but the Company has the final authority to release or disseminate
                the
                information. Notwithstanding the foregoing, the Company is not required
                to
                provide Securities and Exchange Commission (the “SEC”) filings to the
                Consultant for review before filing them with the
                SEC.

            

    

     

    
      	7.  	
              Representatives
                and Indemnification by Consultant.

            

    

     

    
      	(a)  	
              The
                Consultant agrees to provide the Consulting Services hereunder in
                a manner
                consistent with the highest performance standards or best industry
                practices as observed by the other professionals engaged in providing
                similar services to their clients.

            

    

     

    
      	(b)  	
              The
                Consultant agrees that it will not release or disseminate any information
                pertaining to the Company that is not factual, and further agrees
                that,
                without the prior consent of the Company, it will not release or
                disseminate any information pertaining to the Company which has not
                been
                previously disseminated to the public by the
                Company.

            

    

     

    
      	(c)  	
              The
                Consultant herby agrees to indemnify the Company against, and to
                hold the
                Company harmless from, any claims, demands, suits, loss, damages,
                etc.
                arising out of any inaccurate statement or misrepresentation provided
                that
                such indemnification shall not pertain to any information provided
                by or
                attributable to the Company.

            

    

     

    
      	8.  	
               
                Confidentiality and Other Provisions.

            

    

     

    
      	(a)  	
              The
                Consultant shall not, except as authorized or required to perform
                the
                Consulting Services, reveal or divulge to any person or companies
                any of
                the trade secrets, secret or confidential operations, processes or
                dealings or any information concerning the organization, business,
                finances, transactions or other affairs of the Company, which may
                come to
                its knowledge during the term of this Consulting Agreement and shall
                keep
                in complete secrecy all confidential information entrusted to it
                and shall
                not use or attempt to use any such information in any manner which
                may
                injure or cause loss, either directly or indirectly, to the Company’s
                business or may be likely to do so. This restriction shall continue
                to
                apply after the termination of this Consulting Agreement without
                limit in
                point of time but shall cease to apply to information or knowledge,
                which
                may come into the public domain or otherwise be required to be disclosed
                pursuant to court or regulatory process. The Consultant shall comply
                with
                such directions, as the Company shall make to ensure the safeguarding
                or
                confidentiality of all such
                information.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

    

    
      	(b)  	
              During
                the term of this Consulting Agreement, the Consultant shall devote
                sufficient time, attention, and ability to the business of the Company
                as
                is reasonably necessary for the proper performance of the Consulting
                Services pursuant to this Consulting Agreement. Nothing contained
                herein
                shall be deemed to require the Consultant to devote its exclusive
                time,
                attention and ability to the business of the Company. During the
                term of
                this Consulting Agreement, the Consultant
                shall:

            

    

     

    
      	(i)  	
              at
                all times perform the Consulting Services to the best of its abilities
                and
                in the best interests of the Company;
                and

            

    

     

    
      	(ii)  	
              devote
                such of its time, labor and attention to the business of the Company
                as
                it, in its sole discretion, deems necessary for the proper performance
                of
                the Consulting Services hereunder;
                and

            

    

     

    
      	(c)  	
              The
                Company is aware that the Consultant has now and will continue to,
                and the
                Company agrees that the Consultant may provide similar services to
                those
                services contemplated by this Consulting Agreement to other companies,
                some of which may be in competition with the Company, and the Company
                recognizes that these companies will require a certain portion of
                the
                Consultant’s time. 

            

    

     

    
      	(d)  	
              From
                the effective date of this Consulting Agreement, Company and its
                officers
                will not engage any other person or entity to serve as its agent
                or
                representative to provide services similar to those to be provided
                by
                Consultant through the term of this Consulting Agreement without
                the prior
                written consent to Consultant, which consent may be withheld for
                any
                reason.

            

    

     

    
      	(e)  	
              If
                for a period of two (2) years after successfully closing a financing
                of at
                least $2,000,000, as contemplated under this Consulting Agreement,
                the
                Company desires to commence any Transaction (as hereinafter defined),
                Consultant shall have the right of first refusal to act as the Company’s
                financial advisors, to arrange for placement agents or underwriters,
                as
                the case may be, with respect to any Transaction or Transactions
                proposed
                during such two year period. For purposes of this Consulting Agreement,
                the term“Transaction”
                shall include each of the following; the purchase, sale, merger,
                consolidation or any other business combination, in one or a series
                of
                transactions involving the Company or any sale of securities of the
                Company, effected pursuant to a private sale or an underwritten public
                offering.

            

    

     

    
      	(f)  	
              If
                the Consultant fails to exercise its right of first refusal within
                thirty
                (30) days of receiving notice from the Company that it desires to
                commence
                a Transaction, the Consultant will be deemed to have waived the right.
                If
                the Company decides to pursue any such Transaction and the Consultant
                exercises the right of first refusal provided hereunder, the Consultant
                and the Company will enter into an agreement appropriate to the
                circumstances containing provisions for among other things, compensation,
                indemnification, contribution, and representations and warranties
                which
                are usual and customary for similar agreements entered into by Consultant
                or other investment bankers of national standing acting in similar
                transactions including the right to appoint members to the Board
                of
                Directors of the Company. The Company agrees that it will not enter
                into
                any such Transaction, unless Consultant has waived its right of first
                refusal with respect thereto or prior to or simultaneously with the
                consummation of such Transaction, until adequate provision is made
                with
                respect to the payment of compensation to the Consultant as contemplated
                hereby. 

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

       

    

    
      	9.  	
              Relationship
                of Parties.
                The Consultant is an independent contractor, responsible for compensation
                of its agents, employees and representatives, as well as all applicable
                withholding therefrom and taxes thereon (including unemployment
                compensation) and all workers’ compensation insurance. This Consulting
                Agreement does not establish any partnership, joint venture, or other
                business entity or association between the parties, and neither party
                is
                intended to have any interest in the business or property of the
                other.

            

    

     

    
      	10.  	
              Miscellaneous.

            

    

     

    
      	(a)  	
              Entire
                Agreement; Amendments.
                This Consulting Agreement contains the entire understanding of the
                parties
                with respect to the subject matter hereof and supersedes all prior
                agreements and understandings, oral or written, with respect to such
                matters, including the Consulting
                Agreement.

            

    

     

    
      	(b)  	
              Notices.
                Any and all notices or other communications or deliveries required
                or
                permitted to be provided hereunder 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
                telephone number specified in this Section prior to 4:30 p.m. (Eastern
                Standard time) on a business day, (ii) the business day after the
                date of
                transmission, if such notice or communication is delivered via facsimile
                at the facsimile telephone number specified in this Consulting Agreement
                later than 4:30 p.m. (Eastern Standard time) on any date and earlier
                than
                11:59 p.m. (Eastern Standard time) on such date, (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 address for such notices and
                communications shall be as follows:

            

    

     

     

    
      	 	
               If
                to the Company: 

               

               

               

               

            	
              Sunburst Acquisitions IV, Inc.

              609
                Granville Street, Suite 880

              PO
                Box 10321 Pacific Centre

              Vancouver,
                BC V7Y 1G5

              Attention: Robert
                Knight, President 

              Fax:
                604-945-7236

            
	 	 	 
	 	
               If
                to the
                Consultant:          
                  

               

               

               

               

               
 

            	
              G.M. Capital Partners, Ltd.

              Usteristrasse
                19

              POB
                6681

              CH-8023
                Zurich

              Switzerland

              Attention: J.A.
                Michie, Managing Director

              Fax:
                41.44.226.5009

            
	 	 	 

    

    
       

    

    or
      other such address as may be designated in writing
      hereafter, in the same manner, by such party.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

       

    

    
      	(c)  	
              Amendments;
                Waivers.
                No
                provision of this Consulting Agreement may be waived or amended except
                in
                a written instrument signed, in the case of an amendment, by both
                the
                Company and the Consultant, or, in the case of a waiver, by the party
                against whom enforcement of any such waiver is sought. No waiver
                of any
                default with respect to any provision, condition or requirement of
                this
                Consulting Agreement shall be deemed to be a continuing waiver in
                the
                future or a waiver of any other provision, condition or requirement
                hereof, nor shall any delay or omission of either party to exercise
                any
                right hereunder in any manner impair the exercise of any such right
                accruing to it thereafter.

            

    

     

    
      	(d)  	
              Headings.
                The headings herein are for convenience only, do not constitute a
                part of
                this Consulting Agreement and shall not be deemed to limit or affect
                any
                of the provisions hereof. All words used in this Consulting Agreement
                will
                be construed to be of such number and gender as the circumstances
                require.

            

    

     

    
      	(e)  	
              Successors
                and Assigns.
                This Consulting Agreement is intended only for the benefit of, shall
                be
                binding upon and inure to the benefit of the parties and their respective
                successors. Anything in the foregoing to the contrary notwithstanding,
                subject to compliance with applicable securities laws, the Consultant
                may
                assign and/or transfer all or a portion of the consideration payable
                by
                the Company hereunder.

            

    

     

    
      	(f)  	
              Governing
                Law.
                This Consulting Agreement shall be governed by, construed and enforced
                in
                accordance with the internal laws of the State of Colorado without
                regard
                to the principles of conflicts of law thereof. Each party herby
                irrevocably submits to the non-exclusive jurisdiction of the United
                States
                Federal District Court for Colorado for the adjudication of any dispute
                hereunder or in connection herewith or with any transaction contemplated
                hereby or discussed herein, and hereby irrevocably waives, and agrees
                not
                to assert in any suit, action or proceeding, any claim that it is
                not
                personally subject to the jurisdiction of any such court, or that
                such
                suit, action or proceeding is improper under such court’s
                jurisdiction.

            

    

     

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

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

       

    

    
      	(h)  	
              Remedies.
                In
                addition to being entitled to exercise all rights provided herein
                or
                granted by law, including the recovery of damages, the Consultant
                will be
                entitled to specific performance of the obligations of the Company
                hereunder. The Company and the Consultant agree that monetary damages
                would not be adequate compensation for any loss incurred by reason
                of any
                breach of its obligations described in this Consulting Agreement
                and
                hereby agrees to waive in any action for specific performance of
                any such
                obligation the defense that a remedy at law would be
                adequate.

            

    

     

    
      	(i)  	
              No
                Registration of the Warrant Shares.
                The Consultant acknowledges that none of the Warrant Shares have
                been
                registered under the Securities Act of 1933, as amended (the “Securities
                Act”) and accordingly may only be sold or otherwise transferred pursuant
                to an effective registration statement as to the Warrant Shares under
                the
                Securities Act or pursuant to an exemption from the registration
                requirements of the Securities Act, the availability of which must
                be
                established to the reasonable satisfaction of the
                Company.

            

    

     

    
      	(1)  	 

    

     

    IN
      WITNESS WHEREOF,
      the
      parties have hereunto set their hands and seals the day and year first above
      written.

     

    
      	 	 	 G.M. Capital Partners,
              Ltd.
	 	 	 
	 	 By:
              	 /s/J.A.
              Michie/
	 	 	 J.A. Michie, Authorized
              Signatory
	 	 	 
	 	 	 Sunburst Acquisitions IV,
              Inc.
	 	 	 
	 	 By:	 /s/Robert
              Knight/
	 	 	 Robert Knight,
              President

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      A

    

    To
      the Consulting Agreement dated as of January __, 2006 

    to
      be Effective as of December 1, 2005.

    Between

    G.M.
      Capital Partners, Ltd. and Sunburst Acquisitions IV, Inc.

    

    
      	1.1  	
              Financial
                Public Relation Services.
                The
                Consultant shall provide the following financial public relation
                services
                to the Company:

            

    

    

    
      	(a)  	
              Providing
                financial public relations counsel services including (i) liaison
                between
                the Company and its stockholders; (ii) advisor to the Company with
                respect
                to existing and potential market makers, broker-dealers, underwriters
                and
                investors as well as being the liaison for the Company with respect
                to
                communications and information (e.g., interviews, press releases,
                stockholder reports, etc.) as well as planning, designing, developing,
                organizing, writing and distribution such communications and
                information.

            

    

    

    
      	(b)  	
              Assisting
                the Company in establishing an investor relations program, and advise
                the
                Company with respect to stockholder meetings, interviews of Company
                officers by the financial media, and interviews of Company officers
                by
                analysts, market markers, broker-dealers and other members of the
                financial community.

            

    

    

    
      	(c)  	
              Assisting
                the Company in order to make the Company, its management, products
                and
                services, and financial situation and prospects, known to the financial
                press and publications, broker-dealers, mutual funds, institutional
                investors, market makers, analysts, investment advisors and other
                members
                of the financial community. No press releases will be made without
                consent
                of the Consultant.

            

    

    

    
      	(d)  	
              The
                Company agrees that no public release shall be made without the prior
                review of the Consultant. The Consultant shall have 24 hours to review
                and
                comment on any proposed press release or other proposed public
                dissemination by the Company. The Company shall make the final
                determination as to what information is released. This subsection
                does not
                apply to periodic reports and other documents required to be filed
                with
                the Securities and Exchange
                Commission.

            

    

    

    
      	1.2  	
              Strategic
                Planning Services.
                The Consultant shall provide the following strategic planning services
                to
                the Company. The Consultant will consult with the Company as to,
                the
                management, marketing, consulting, strategic planning, corporate
                organization and structure, financial matters in connection with
                the
                operation of the business of the Company, expansion of projects,
                and shall
                review and advise the Company regarding its overall progress, needs
                and
                condition. The Consultant agrees to provide on a timely basis the
                following enumerated services plus any additional services contemplated
                thereby:

            

    

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

       

    

    
      	(a)  	
              Assisting
                the Company in the monitoring of services provided by the Company’s
                advertising firm, public relations firm and other non-legal professionals
                to be employed by the Company.

            

    

    

    
      	(b)  	
              Advising
                the Company on the continued development of an investor relations
                program
                and the stimulation of interest in the Company by institutional investors
                and other members of the financial
                community.

            

    

    

    
      	
              1.3

            	
              Disclaimer
                by Consultant.
                The Consultant makes no representation that as a result of the services
                to
                be provided by it (a) the price of the Company’s publicly-traded
                securities will increase, (b) any person will purchase securities
                in the
                Company as a result of the consulting services, or (c) any investor
                will
                lend money to or invest in or with the
                Company.

            

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    SCHEDULE
      B

    

    To
      the Consulting Agreement dated as of January __, 2006 

    to
      be Effective as of December, 2005.

    Between

    G.M.
      Capital Partners, Ltd. and Sunburst Acquisitions IV, Inc..

    

    
      	1.1  	
              Acquisition
                Consulting Services.
                The Consultant agrees that during the term of this Consulting Agreement
                it
                will assist the Company in the identification, evaluation, structuring,
                negotiation and closing of business acquisitions, whether in the
                form of
                asset purchases, stock purchases or sales, mergers, consolidations,
                joint
                ventures, strategic alliances or otherwise (collectively, a “Business
                Combination”).

            

    

    

    
      	1.2  	
              Fee
                to be paid.
                If
                during the Initial Term of the Consulting Agreement, any extension
                thereof, or for a period of two years following the termination of
                the
                Consulting Agreement (including any extension thereof) the Company
                shall
                consummate a Business Combination with any person or entity directly
                or
                indirectly introduced to the Company by the Consultant, the Consultant
                shall be entitled to and the Company shall pay the Consultant additional
                compensation (the “Additional Fees”), calculated as
                follows:

            

    

     

    
      	 	 (i)	 5%
              of the 1st
              $1,000,000 (or part thereof) of the consideration paid; plus
	 	 	 
	 	 (ii)	 4%
              of the 2nd
              $1,000,000 (or part thereof) of the consideration paid; plus
	 	 	 
	 	 (iii)  	 3%
              of the 3rd
              $1,000,000 (or part thereof) of the consideration paid; plus
	 	 	 
	 	 (iv) 	 2%
              of the 4th
              $1,000,000 (or part thereof) of the consideration paid; plus
	 	 	 
	 	 (v) 	 1%
              of all the consideration paid in excess of
              $4,000,000.

    

     

    The
      Additional Fees are payable upon the closing of the Business Combination
      contemplated hereby in the same form as the consideration received (or paid)
      by
      the Company whether such Business Combination is effected as a merger, share
      exchange, asset purchase or otherwise.

    

    For
      purposes of this Schedule B, the term “consideration” means an amount equal to
      the sum of the aggregate fair market value of any securities issued and any
      other non-cash consideration delivered (including, without limitation, any
      joint
      venture interest delivered to, or retained by the Company), and any cash
      consideration paid, to the Company or its security Warrant Holders in connection
      with a Business Combination and the amount of all indebtedness for money
      borrowed by the Company (other than indebtedness only associated with the
      seasonal working capital needs of the Company), which is assumed or acquired
      directly or indirectly by a purchaser in connection with such Business
      Combination. The fair market value of any securities issued and any other
      non-cash consideration delivered or retained in connection with a Business
      Combination will be the value determined by the Company and Consultant upon
      the
      closing of the Business Combination.

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

       

    

    
      	1.3  	
              Disclaimer
                by Consultant.
                The Consultant makes no representation that as a result of the services
                to
                be provided by it that the Company will be able to affect any Business
                Combination.

            

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      C

    

    To
      the Consulting Agreement dated as of January __, 2006 

    to
      be Effective as of December, 2005.

    Between

    G.M.
      Capital Partners, Ltd. and Sunburst Acquisitions IV, Inc.

    

    
      	1.1  	
              Assistance
                in Securing Equity and or Debt Financing.
                The Consultant will use its best efforts to introduce the Company
                to
                underwriters, financial institutions, broker/dealers and private
                investors
                so that the Company may directly pursue with such persons its financing
                requirements. If during the Initial Term of the Consulting Agreement,
                any
                extension thereof, or for a period of two years following the termination
                of the Consulting Agreement, the Company shall consummate a financing,
                whether in the form of equity, cash or other consideration, with
                any
                person or entity directly or indirectly introduced to the Company
                by the
                Consultant, then, the Consultant shall be entitled to, and the Company
                shall pay the Consultant, a success fee (the “Success Fee”) calculated as
                follows:

            

    

    

    Consultant
      will receive a success fee (“Success fee”) in the form of cash payment in the
      amount of ten percent (10%) of the gross proceeds of any private financing
      including any form of equity, convertible debt, debt with warrants, debt with
      equity incentives to the lender, or any other form of equity, debt or guarantees
      obtained by or invested in Company payable upon closing or receipt of funds
      by
      Company or any entity, whichever is earlier. The Success Fee shall be calculated
      on the initial traunche of each financing but not on the exercise of warrants,
      rights or follow-on financings predicated by an initial traunche.

    

    The
      Consultant shall be responsible for paying sub-agents from the Success Fee
      and
      the Company shall have no other obligation in this regard.

    

    Company
      shall have sole discretion in determining what constitutes an acceptable
      Financing as contemplated by this Consulting Agreement. Consultant shall earn
      the Success Fee only upon the closing or receipt of funds from a Financing,
      and
      not merely for presenting a financing option or prospective investor which
      in
      Company’s sole discretion is unacceptable.

    

    The
      Success Fee shall not be in addition to any fees specified in financing
      agreements which are subject to this Consulting Agreement, unless otherwise
      specified in the financing agreement.

    

    
      	
              1.2

            	
              Disclaimer
                by Consultant.
                The Consultant makes no representation that as a result of the services
                to
                be provided by it that any person or entity will lend money to or
                invest
                in or with the Company.

            

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      D

    

    To
      the Consulting Agreement dated as of January __, 2006 

    to
      be Effective as of December, 2005.

    Between

    G.M.
      Capital Partners, Ltd. and Sunburst Acquisitions IV, Inc.

    

    NEITHER
      THIS WARRANT NOR THE SECURITIES FOR WHICH THIS WARRANT IS EXERCISABLE HAVE
      BEEN
      REGISTERED (1) WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
      COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER
      THE SECURITIES ACFT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND,
      ACCORDINGLY, MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT
      TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT
      TO
      AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS THEREUNDER AND IN
      COMPLIANCE WITH APPLICABLE STATE LAWS.

    

    SUNBURST
      ACQUISITIONS IV, INC.

    

    FORM
      OF ENGAGEMENT WARRANTS

    

     

    
      	 Warrant No. [  ]	
               
                Dated [  ],
                2004 

            

    

          

    [THE
      COMPANY],
      a
      company organized and existing under the laws of [ ]
      (the
“Company”), hereby certifies that, for value received, [the Consultant], or its
      registered assigns (the “Warrant Holder”), is entitled, subject to the terms set
      forth below, to purchase from the Company [-----] shares of Common Stock, (the
      “Common Stock”), of the Company (each such share, a “Warrant Share” and all such
      shares, the “Warrant Shares”) at an exercise price equal to $.
      [---]
      per
      share (as adjusted from time to time as provided in Section 10, the “Exercise
      Price”), at any time and from time to time from and after the date thereof and
      through and including  _____(the
      “Expiration Date”), and subject to the following terms and
      conditions:

     

    
      	1.  	
              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 Warrant Holder hereof from time to time. The Company may deem
                and
                treat the registered Warrant Holder of this Warrant as the absolute
                owner
                hereof for the purpose of any exercise hereof or any distribution
                to the
                Warrant Holder, and for all other purposes, and the Company shall
                not be
                affected by notice to the contrary.

            

    

     

    
      	2.  	
              Investment
                Representation.
                The Warrant Holder by accepting this Warrant represents that the
                Warrant
                Holder is acquiring this Warrant for its own account or the account
                of an
                affiliate for investment purposes and not with the view to any offering
                or
                distribution and that the Warrant Holder will not sell or otherwise
                dispose of this Warrant or the underlying Warrant Shares in violation
                of
                applicable securities laws. The Warrant Holder acknowledges that
                the
                certificates representing any Warrant Shares will bear a legend indicating
                that they have not been registered under the Securities Act, and
                may not
                be sold by the Warrant Holder except pursuant to an effective registration
                statement or pursuant to an exemption from registration requirements
                of
                the Securities Act and in accordance with applicable US and state
                securities laws.

            

    

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

       

    

    
      	3.  	
              Validity
                of Warrant and Issue of Shares.
                The Company represents and warrants that this Warrant has been duly
                authorized and validly issued and warrants and agrees that all shares
                of
                Common Stock issued upon exercise of this Warrant will, when issued
                upon
                such exercise, be duly authorized, validly issued, fully paid and
                nonassessable and free from all taxes, liens and charges with respect
                to
                the issue thereof. The Company further warrants and agrees that during
                the
                period within which the rights represented by this Warrant may be
                exercised, the Company will at all times have authorized and reserved
                a
                sufficient number of shares of Common Stock to provide for the exercise
                of
                the rights represented by this
                Warrant.

            

    

     

    
      	4.  	
              Registration
                of Transfers and Exchange.

            

    

     

    
      	 	
               (a)

               

               

               

               

            	Subject
              to compliance with the legend set forth on the face of this Warrant,
              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
              the office specified in or pursuant to Section 13. Upon any such
              registration of 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 not so transferred, if
              any, shall be issued to the transferring Warrant Holder. The acceptance
              of
              the New Warrant by the transferee thereof shall be deemed the acceptance
              of such transferee of all the rights and obligations of a Warrant Holder
              of a Warrant.
	 	 	 
	 	 (b) 	This Warrant is exchangeable, upon the
              surrender hereof by the Warrant Holder to the office of the Company
              specified in or pursuant to Section 13 for one or more New Warrants,
              evidencing in the aggregate the right to purchase the number of Warrant
              Shares which may then be purchased hereunder. Any such New Warrant
              will be
              dated the date of such exchange.

    

     

    5. Duration
      and Exercise of Warrants.

     

    
      	 	
              (a)

            	
              This
                Warrant shall be exercisable by the registered Warrant Holder on
                any
                business day before 5:30 P.M., Eastern Standard Time, at any time
                and from
                time to time on or after the Vesting Date and on or prior to the
                Expiration Date. At 5:30 P.M., Eastern Standard 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 retract this
                Warrant.

            

    

     

    
      	 	
              (b)

            	
              Subject
                to Sections 4(b) and 8, upon surrender of this Warrant to the Company
                at
                its address for notice as set forth in Section 13, with the Form
                of
                Election to Purchase attached hereto duly completed and signed and
                upon
                payment of the Exercise Price multiplied by the number of Warrant
                Shares
                that the Warrant Holder intends to purchase hereunder, in lawful
                money of
                the United States of America, in cash or by certified or official
                bank
                check or checks, all as specified by the Warrant Holder in the Form
                of
                Election to Purchase, the Company shall promptly (but in no event
                later
                than 5 business days after the Date of Exercise (as defined herein))
                issue
                or cause to be issued and cause to be delivered to or upon the written
                order of the Warrant Holder and in such name or names as the Warrant
                Holder may designate (subject to the restrictions on transfer described
                in
                the legend set forth on the face of this Warrant and in Section 4
                hereof),
                a certificate for the Warrant Shares issuable upon such exercise,
                with
                such restrictive legend as required by the Securities Act. Any person
                so
                designated by the Warrant Holder to receive Warrant Shares shall
                be deemed
                to have become holder of record of such Warrant Shares as of the
                Date of
                Exercise of this Warrant.

            

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

       

    

    
      	 	 	
              A
                “Date of Exercise” means the date on which the Company shall have received
                (i) this Warrant (or any New Warrant, as applicable), with the Form
                of
                Election to Purchase attached hereto (or attached to such New Warrant)
                appropriately completed and duly signed, and (ii) payment of the
                Exercise
                Price for the number of Warrant Shares so indicated by the Warrant
                Holder
                to be purchased.

            

    

     

    
      	 	
              (c)
                

            	
              This
                Warrant shall be exercisable at any time and from time to time during
                its
                term, for such number of Warrant Shares as is indicated in the attached
                Form of Election To Purchase, provided that such exercise is not
                for less
                than the lesser of 5,000 Warrant Shares or such lesser number of
                Warrant
                Shares to which this Warrant entitles the Warrant Holder to acquire
                upon
                the exercise hereof. If less than all of the Warrant Shares which
                may be
                purchased under this Warrant are exercised at any time, the Company
                shall
                issue or cause to be issued, at its expense, a New Warrant evidencing
                the
                right to purchase the remaining number of Warrant Shares for which
                no
                exercise has been evidenced by this
                Warrant.

            

    

     

    6. Registration
      Rights.

     

    
      	 	
              (a)

            	
              Warrant
                Holders constituting holders of more than 50% of the Warrants, commencing
                6 months after the issuance of the Warrant to the Consultant, may
                on one
                (1) occasion, demand the Company file a registration statement at
                the
                Company’s sole expense with the Securities and Exchange Commission
                registering the Warrant Shares. The Company must use its best efforts
                to
                file such a registration statement within 45 days of the initial
                demand,
                and thereafter use its best efforts to cause such registration statement
                to be declared effective as soon as reasonably possible. . If the
                Company
                fails to file a registration within 45 days of the initial demand,
                or
                thereafter fails to use its best efforts to cause such registration
                statement to be declared effective as soon as reasonably possible,
                the
                Company shall be obligated to sell to Consultant 1,000 shares per
                day at
                $0.001 per share (as liquidated damages, not as a penalty) until
                the
                registration cures the default. The number of shares issued as liquidated
                damages shall be subject to anti-dilution provisions provided herein.
                

            

    

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

       

    

    
      	 	
              (b)

            	
              Other
                than in 6(a), during the term of this Warrant, the Company may not
                file
                any registration statement with the Securities and Exchange Commission
                at
                any time when there is not then an effective registration statement
                covering the resale of the Warrant Shares other than registration
                statements of the Company filed on Form S-8 or Form S-4, each as
                promulgated under the Securities Act, pursuant to which the Company
                is
                registering securities pursuant to a Company employee benefit plan
                or
                pursuant to a merger, acquisition or similar transaction including
                supplements thereto, but not additionally filed registration statements
                in
                respect of such securities, at any time when there is not an effective
                registration statement covering the resale of the Warrant Shares
                and
                naming the Warrant Holder as a selling stockholder there under, unless
                the
                Company provides the Warrant Holder with not less than 20 days notice
                of
                its intention to file such a registration statement and provides
                the
                Warrant Holder the option to include any or all of the applicable
                Warrant
                Shares therein. The piggyback registration rights granted to the
                Warrant
                Holder pursuant to this Section shall continue until all of the Warrant
                Holder’s Shares have been sold in accordance with an effective
                registration statement or upon the expiration of this Warrant. The
                Company
                will pay all registration expenses in connection
                therewith.

            

    

     

    
      	 	 	
              If
                the Registration Statement is filed in connection with an underwritten
                primary registration on behalf of the Company, and the managing
                underwriters advise the Company in writing that in their good faith
                opinion the number of securities requested to be included in such
                Registration Statement (i) first, the securities the Company proposes
                to
                sell, (ii) second, the Warrant Shares requested to be included in
                such
                Registration Statement and such other securities requested to be
                included
                in such Registration Statement by security holders having contractual
                registration rights which exist on the date hereof (“Other Holders”), pro
                rata among the Warrant Holders and the Other Holders requested to
                be
                included in such Registration Statement, and (iii) third, other securities
                requested to be included in such Registration Statement; provided,
                however,
                no less than 20% of the Warrant Shares must be included in any such
                registration statement.

            

    

     

    
      	7.  	
              Payment
                of Taxes.
                The Company will pay all documentary stamp taxes attributable to
                the
                issuance of Warrant Shares upon the exercise of this Warrant; provided,
                however, that the Company shall not be required to pay any tax which
                may
                be payable in respect of any other transfer involved in the registration
                of any certificates for Warrant Shares or Warrants in a name other
                than
                that of the Warrant Holder, and the Company shall have paid to the
                Company
                the amount of such tax or shall have established to the satisfaction
                of
                the Company that such tax has been paid. The Warrant 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.

            

    

     

    
      	8.  	
              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 a substitution for this Warrant,
                a New
                Warrant, but only upon receipt of evidence reasonably satisfactory
                to it.
                Applicants for a New Warrant under such circumstances shall also
                comply
                with such other reasonable regulations and procedures and pay such
                other
                reasonable charges as the Company may
                prescribe.

            

    

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

       

    

    
      	9.  	
              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 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 actual contingent purchase
                rights
                of persons other than the Warrant Holders (taking into account the
                adjustments and restrictions of Section 10). The Company covenants
                that
                all Warrant Shares that shall be so issuable and deliverable shall,
                upon
                issuance and the payment of the applicable Exercise Price in accordance
                with the terms hereof, are duly and validly authorized, issued and
                fully
                paid and nonassessable.

            

    

     

    
      	10.  	
              Certain
                Adjustments.
                The terms of this Warrant shall be subject to adjustment as
                follows:

            

    

     

    
      	(a)  	
              In
                case the Company shall (i) pay a stock dividend, forward split or
                make a
                distribution to holders of Common Stock in shares of its Common Stock,
                (ii) subdivide its outstanding shares of Common Stock, (iii) combine
                its
                outstanding shares of Common Stock into a smaller number of shares,
                or
                (iv) issue by reclassification of shares of Common Stock any other
                shares
                of capital stock of the Company, then, in each case the Exercise
                Price
                shall be adjusted, to an amount which shall bear the same relation
                to the
                Exercise Price in effect immediately prior to such action as the
                total
                number of shares outstanding immediately prior to such action shall
                bear
                to the total number of shares outstanding immediately after such
                action,
                and this Warrant automatically shall be adjusted so that it shall
                thereafter evidence the right to purchase the kind and number of
                Warrant
                Shares or other securities which the Warrant Holder would have owned
                and
                would have be entitled to receive after such action if this Warrant
                had
                been exercised immediately prior to such action or any record date
                with
                respect thereto. An adjustment made pursuant to subparagraph (a)
                shall
                become effective retroactively immediately after the effective date
                in the
                case of a subdivision, combination or
                reclassification.

            

    

     

    
      	(b)  	
              In
                case the Company shall fix a record date for the making of a distribution
                to all holders of Common Stock (including any such distribution made
                in
                connection with a consolidation or merger in which the Company is
                the
                continuing corporation) of (i) assets (other than cash dividends
                or cash
                distributions payable out of consolidated net income or retained
                earnings
                or dividends payable in Common Stock), (ii) evidences of indebtedness
                or
                other debt or equity securities of the Company, or any corporation
                other
                than the Company (except for the Common Stock of the Company) or
                (iii)
                subscription rights, options or warrants to purchase any of the foregoing
                assets or securities, whether or not such rights, options or warrants
                are
                immediately exercisable (hereinafter collectively called “Distributions on
                Common Stock”), the Company shall make provisions for the Warrant Holder
                to receive upon exercise of this Warrant, a proportional amount (depending
                upon the extent to which this Warrant is exercised) of such assets,
                evidences of indebtedness, securities or such other rights, as if
                such
                Warrant Holder had exercised this Warrant on or before such record
                date.

            

    

     

    
      	(c)  	
              In
                case of any consolidation or merger of the Company with or into another
                corporation or the sale of all or substantially all of the assets
                of the
                Company to another corporation, this Warrant thereafter shall be
                exercisable for the kind and amount of shares of stock or other securities
                or property to which a holder of the number of shares of Common Stock
                of
                the Company deliverable upon exercise of this Warrant would have
                been
                entitled upon such consolidation, merger or sale; and, in such case,
                appropriate adjustment (as determined in good faith by the Board
                of
                Directors) shall be made in the application of the provisions in
                this
                Section 10 (including provisions with respect to changes in and
                adjustments of the exercise price) shall thereafter be applicable
                as
                nearly as reasonably may be, in relation to any shares of stock or
                other
                securities or property thereafter deliverable upon the exercise of
                this
                Warrant.

            

    

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

       

    

    
      	(d)  	
              Upon
                the occurrence of each adjustment or readjustment of the exercise
                price or
                any change in the number of Warrant Shares or in the shares of stock
                or
                other securities or property deliverable upon exercise of this Warrant
                pursuant to this Section 10, the Company at its expense shall promptly
                compute such adjustment or readjustment and change in accordance
                with the
                terms hereof and furnish to each holder hereof a certificate signed
                by the
                chief financial officer of the Company, setting forth such adjustment
                or
                readjustment and change, (ii) the Exercise Price then in effect,
                and (iii)
                the number of Warrant Shares and the amount, if any, of other shares
                of
                stock and other securities and property which would be received upon
                the
                exercise of the Warrant.

            

    

     

    
      	(e)  	
              If,
                at any time while this Warrant is outstanding, the Company shall
                issue or
                cause to be issued rights or warrants to acquire or otherwise sell
                or
                distribute shares of Common Stock for a consideration per share less
                than
                the Exercise Price then in effect, then, forthwith upon such issue
                or
                sale, the Exercise Price shall be reduced to the price (calculated
                to the
                nearest cent) determined by dividing (i) an amount equal to the sum
                of (A)
                the number of shares of Common Stock outstanding immediately prior
                to such
                issue or sale multiplied by the Exercise Price, and (B) the consideration,
                if any, received or receivable by the Company upon such issue or
                sale by
                (ii) the total number of shares of Common Stock outstanding immediately
                after such issue or sale.

            

    

     

    
      	(f)  	
              If
                at any time:

            

    

     

    
      	(i)  	
              the
                Company shall declare a dividend (or any other distribution) on its
                Common
                Stock; or

            

    

     

    
      	(ii)  	
              the
                Company shall declare a special nonrecurring cash dividend on or
                a
                redemption of its Common Stock; or

            

    

     

    
      	(iii)  	
              the
                Company shall authorize the granting to all Warrant Holders of the
                Common
                Stock rights or warrants to subscribe for or purchase any shares
                of
                capital stock of any class or of any rights;
                or

            

    

     

    
      	(iv)  	
              the
                approval of any Stockholders of the Company shall be required in
                connection with any reclassification of the Common Stock of the Company,
                any consolidation or merger to which the Company is a party, any
                sale or
                transfer of all or substantially all of the assets of the Company,
                or any
                compulsory share exchange whereby the Common Stock is converted into
                other
                securities, cash or property; or

            

    

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

       

    

    
      	(v)  	
              the
                Company shall authorize the voluntary dissolution, liquidation or
                winding
                up of the affairs of the Company,

            

    

     

    
      	 	 	
              then
                the Company shall cause to be mailed to each Warrant Holder at his
                last
                address as it shall appear upon the Warrant Register, at least 30
                calendar
                days prior to the applicable record or effective date hereinafter
                specified, a notice stating (x) the date on which a record is to
                be taken
                for the purpose of such dividend, distribution, redemption, rights
                or
                warrants, or if a record is not taken, the date on which such dividend,
                distributions, redemption, rights or warrants are to be determined
                or (y)
                the date on which such reclassification, consolidation, merger, sale,
                transfer or share exchange is expected to become effective or close,
                and
                the date as of which it is expected that Warrant Holders of Common
                Stock
                of record shall be entitled to exchange their shares of Common Stock
                for
                securities, cash or other property deliverable upon such reclassification,
                consolidation, merger, sale, transfer, share exchange, dissolution,
                liquidation or winding up; provided,
                however,
                that the failure to mail such notice or any defect therein or in
                the
                mailing thereof shall not affect the validity of the corporate action
                required to be specified in such
                notice.

            

    

     

    
      	(g)  	
              In
                case the Company shall take a record of the Warrant Holders of its
                Common
                Stock for the purpose of entitling them (A) to receive a dividend
                or other
                distribution payable in Common Stock or in securities convertible
                or
                exchangeable into shares of Common Stock, or (B) to subscribe for
                or
                purchase Common Stock or securities convertible or exchangeable into
                shares of Common Stock, then such record date shall be deemed to
                be the
                date of the issue or sale of the shares of Common Stock deemed to
                have
                been issued or sold upon the declaration of such dividend or the
                making of
                such other distribution, or the date of the granting of such distribution
                right, or the date of the granting of such right of subscription
                or
                purchase, as the case may be.

            

    

     

    
      	11.  	
              Payment
                of Exercise Price.
                The Warrant Holder may exercise the Warrant in whole or in part and
                may
                pay the Exercise Price only in cash by bank
                transfer.

            

    

     

    
      	12.  	
              Fractional
                Shares.
                The Company shall not be required to issue or cause to be issued
                fractional Warrant Shares on the exercise of this Warrant. The number
                of
                full Warrant Shares that shall be issuable upon the exercise of this
                Warrant shall be computed on the basis of the aggregate number of
                Warrants
                Shares purchasable on exercise of this Warrant so presented. If any
                fraction of a Warrant Share would, except for the provisions of this
                Section 10, be issuable on the exercise of this Warrant, the Company
                shall, at its option, (i) pay an amount in cash equal to the Exercise
                Price multiplied by such fraction or (ii) round the number of Warrant
                Shares issuable, up to the next whole
                number.

            

    

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

       

    

    
      	13.  	
              Notice.
                Any and all notices or other communications or deliveries hereunder
                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 telephone number specified in this
                Section,
                (ii) the business day following the date of mailing, if sent by nationally
                recognized overnight courier service, or (iii) upon actual receipt
                by the
                party to whom such notice is required to be given. The addresses
                for such
                communications shall be: (1) if to the Company, to 609 Granville
                Street,
                Suite 880, PO Box 10321 Pacific Centre, Vancouver, BC V7Y 1G5 Attention:
                Robert Knight, President, or (ii) if to the Warrant Holder, at the
                address
                or facsimile number appearing on the Warrant Register or such other
                address or facsimile number as the Warrant Holder may provide to
                the
                Company in accordance with this Section
                13.

            

    

     

    
      	14.  	
              Warrant
                Agent.

            

    

     

    
      	(a)  	
              The
                Company shall serve as warrant agent under this Warrant. Upon thirty
                (30)
                days’ notice to the Warrant Holder, the Company may appoint a new warrant
                agent.

            

    

     

    
      	(b)  	
              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 share Warrant Holders 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 Warrant Holders at the Warrant Holders’ last address as shown on the
                Warrant Register.

            

    

     

    
      	15.  	
              Miscellaneous.

            

    

     

    
      	(a)  	
              This
                Warrant shall be binding on and inure to the benefit of the parties
                hereto
                and their respective successors and permitted assigns. This Warrant
                may be
                amended only in writing and signed by the Company and the Warrant
                Holder.

            

    

     

    
      	(b)  	
              Nothing
                in this Warrant shall be construed to give to any person or corporation
                other than the Company and the Warrant Holder any legal or equitable
                right, remedy or cause of action under this Warrant; this Warrant
                shall be
                for the sole and exclusive benefit of the Company and the Warrant
                Holder.

            

    

     

    
      	(c)  	
              This
                Warrant shall be governed by and construed and enforced in accordance
                with
                the internal laws of the State of Colorado without regard to the
                principals of conflicts of law
                thereof.

            

    

     

    
      	(d)  	
              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.

            

    

     

    
      	(e)  	
              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
                reasonably substitute therefore, and upon so agreeing, shall incorporate
                such substitute provision in this
                Warrant.

            

    

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

       

    

    
      	(f)  	
              The
                Warrant Holder shall not, by virtue hereof, be entitled to any voting
                or
                other rights of a shareholder of the Company either at law or equity,
                and
                the rights of the Warrant Holder are limited to those expressed in
                this
                Warrant.

            

    

     

    
      	(g)  	
              As
                used herein, the term “Common Stock” shall mean and include the Company’s
                currently authorized Common Stock and stock of any other class or
                other
                consideration into which such currently authorized Common Stock may
                hereafter have been changed.

            

    

     

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

     

    [THE
      COMPANY]

     

    

    
      	 	
               By:

            	 
	 	 	 
	 	
               Name:

            	 
	 	 	 
	 	
               Title:

            	 

    

     

         

     

    

     

    FORM
      OF
      ELECTION TO PURCHASE

     

    (To
      be
      executed by the Warrant Holder to exercise the right to purchase shares of
      Common Stock under the foregoing Warrant)

     

    To
      [THE
      COMPANY]

     

    In
      accordance with the Warrant enclosed with this Form of Election to Purchase,
      the
      undersigned hereby irrevocably elects to purchase    
      shares
      of Common Stock (“Common Stock”), [$--] par value, of [The Company] and encloses
      herewith $  
      in cash
      or certified or official bank check or checks, which sum represents the
      aggregate Exercise Price (as defined in the Warrant) for the number of shares
      of
      Common Stock to which this Form of Election to Purchase relates, together with
      any applicable taxes payable by the undersigned pursuant to the
      Warrant.

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

     

    The
      undersigned requests that certificates for the shares of Common Stock issuable
      upon this exercise be issued in the name of 

     

    
      	 
	 

    

     

    (Please
      print name and address)

     

    
      	 
	 

    

     

    PLEASE
      INSERT SOCIAL SECURITY OR TAX IDENTIFICAITON NUMBER

     

    If
      the
      number of shares of Common Stock issuable upon this exercise shall not be all
      of
      the shares of Common Stock which the undersigned is entitled to purchase in
      accordance with the enclosed Warrant, the undersigned request that a New Warrant
      (as defined in the Warrant) evidencing the right to purchase the shares of
      Common Stock not issuable pursuant to the exercise evidenced hereby be issued
      in
      the name of and delivered to:

     

    
      	 
	 

    

     

    (Please
      print name and address)

     

    
      	 
	 

    

     

     

    
      	 Dated:
	 	 	 Name
              of Warrant Holder:
	 	 	 	 
	 	 	 (Print)
	 
	 	 	 	 
	 	 	 By:)
	 
	 	 	 	 
	 	 	 (Name:) 	 
	 	 	 	 
	 	 	 (Title:)	 
	 	 	 	 
	 	 	 	 Signature must conform in all respects
              to name of Warrant Holder as specified on the face of the
              Warrant)

    

     

    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 within Warrant to purchase    
      shares
      of Common Stock of [The Company] to which the within Warrant relates and
      appoints   
      attorney
      to transfer said right on the books of [The Company] with full power of
      substitution in the premises.

     

    Dated:
         

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

     

     

    
      	 	 
	 	 Signature must conform in all respects
              to name of Warrant Holder as specified on the face of the
              Warrant)
	 	 
	 	 
	 	 
	 	 Address of Transferee
	 	 
	 	 
	 	 

    

     

     

    In
      the
      presence of:

     

    

    
 

    
      
        
        

      

      
        27Exhibit 10.33

FINDER’S FEE AGREEMENT

          THIS FINDER’S FEE AGREEMENT (hereinafter referred to as the “Agreement”) is entered into on this 21st day of December, 2005 (the “Effective Date”), by and between China Hospitals, Inc., a Cayman Islands corporation (the “Company”) and Pin Financial, LLC, a New York limited liability company (“Finder”) (collectively, the “Parties”) and is made with respect to the following facts:

R E C I T A L S

          A.     WHEREAS, the Company is desirous of identifying and establishing material relationships with a proprietary funding source or bona fide underwriter for the attainment of additional capitalization and financing.

          B.     WHEREAS, Finder has certain material relationships with proprietary funding sources and bona fide underwriters.

          C.     WHEREAS, Finder is desirous of providing services to Company in the capacity of a finder to identify potential relationships with proprietary funding sources and bona fide underwriters.

          D.     WHEREAS, the Company is desirous of engaging the services of Finder to identify potential relationships with proprietary funding sources and bona fide underwriters for the attainment of additional capitalization and financing.

          E.     WHEREAS, the Parties hereto are desirous of memorializing their agreement.

          NOW, THEREFORE, upon the premises stated above, and in consideration of the mutual promises, covenants and conditions set forth herein, the Parties hereto mutually agree as follows:

AGREEMENT

1.      CONDITIONS

          1.1     Subject to the terms set forth in the Agreement, Company agrees to engage the services of Finder, and Finder agrees to provide services representing the Company as follows:

	
  
 
  	
  
TO   IDENTIFY CERTAIN: LEGITIMATE PROPRIETARY EQUITY FUNDING SOURCES AND BONA FIDE   UNDERWRITERS FOR THE ATTAINMENT OF ADDITIONAL CAPITALIZATION AND FINANCING,   AND REFER AND PROMULGATE A MATERIAL RELATIONSHIP BY AND BETWEEN COMPANY AND   SUCH ENTITY(IES).
  

          1.2     Company shall pay to Finder compensation in the form of cash in the amount of 1% of any and all gross funds raised by the Company with the source or underwriter referred by Finder.  The payment to Finder shall be payable upon closing of the transaction(s).

          1.3     Finder shall conduct itself, its agents, employees, representatives, counsels, and affiliates with the highest ethical and moral standards, within the scope of all inherent and applicable laws, regulations, rules, common law, and statutes of the United States, international laws, or any applicable territory of competent jurisdiction.

          1.4     Finder shall be considered an independent contractor and shall not be considered an employee as defined by the Internal Revenue Service.  Finder shall maintain its own facilities, employees, agents, expenses, and hours of operation.  The Company shall forward to Finder on an annual basis IRS form 1099 indicating the aggregate sums paid to and received by Finder for any respective calendar year.  No sums shall be withheld from Finder for tax withholding for any respective funds paid to and received by Finder for a respective period.  Finder has the express and sole responsibility for the filing and payment to all applicable jurisdictional agencies for the collection of taxes and will not look to the Company to withhold any sums for that purpose.

          1.5     Finder is registered with the United States Securities and Exchange Commission as a broker/dealer and is a member of the National Association of Securities Dealers, Inc.

          1.6     The terms of this Agreement shall be non-revocable for a period of 30 days from the Effective Date, at which time this Agreement shall terminate, unless canceled in writing by any party hereto with at least ten calendar days notice prior to the termination of the then current term.

          1.7     Unless otherwise specified herein, all benefits, remuneration, and compensation due Finder shall be non-revocable and shall survive the termination of this Agreement for a period of two years after termination.  All benefits, remuneration, and compensation due Finder from any established material relationships with proprietary funding sources or bona fide underwriters in which the Company did not receive any funds shall accrue for a period of two years from termination of this Agreement.

2.       INDEMNIFICATION

          2.1     Obligations of the Company.  The Company agrees to indemnify and hold harmless Finder, and its affiliates, agents, attorneys, and assigns from and against any and all losses of Finder, directly or indirectly as a result of or based upon or arising from (i) any inaccuracy in any of the representations or warranties made by the Company in or pursuant to this Agreement; and/or (ii) material errors or omissions in representations made by the Company to third-parties.

          2.2     Obligations of the Finder.  The Finder agrees to indemnify and hold harmless the Company, and its affiliates, agents, attorneys, and assigns from and against any and all losses of Company, directly or indirectly as a result of or based upon or arising from (i) any inaccuracy in any of the representations or warranties made by the Finder in or pursuant to this Agreement; and/or (ii) material errors or omissions in representations made by Finder to third-parties expressly concerning Company.

          2.3     Certain Tax Matters.

                    a.     Indemnity by the Company.  The Company agrees to indemnify, defend, and hold harmless the Finder against (i) any Payroll or Income Tax payable by or on behalf of the Company or any of its affiliates for any taxable period ending on or prior to the closing Date, (ii) any deficiencies in any Payroll or Income Tax payable by or on behalf of the Company or any of its affiliates arising from any audit by any taxing agency or authority with respect to any period ending on or period to the Closing Date, (iii) Payroll or Income Taxes of any member of a consolidated or combined tax group of which the Company or any of its affiliates is, or was at any time, a member, for which Finder is jointly or severally liable as a result of inclusion in such group, (iv) any claim or demand for reimbursement or
indemnification resulting from any transfer by the Company prior to the closing of any tax benefits or credits to any other Person.

                    b.     Audit Matters.  The Company shall have the responsibility for, and the right to control, at the Company’s expense, the audit (and disposition thereon) of any tax return relating to the periods ending after the Closing date and to participate in and approve the disposition of the audit of any tax return relating to the periods ending after the Closing Date if such audit or disposition thereof could give rise to a claim for indemnification hereunder.

          2.4     Procedure.

                    a.     Notice.  Any Party seeking indemnification with respect to any Loss shall give notice to the Party required to provide indemnity hereunder (the “Indemnifying Party”).

                    b.     Defense.  If any claim, demand, or liability is asserted by any third party against an indemnified party, the indemnifying party shall upon written request of the Indemnified Party, defend any actions or proceedings brought against the Indemnified Party in respect of matters embraced by the indemnity, but the indemnified party shall have the right to conduct and control the defense, compromise or settlement of any Indemnifiable Claim if the Indemnified Party chooses to do so, on behalf of and for the account and risk of the Indemnifying Party who shall be bound by the result so obtained to the extent provided herein.

          If after a request to defend any action or proceeding, the Indemnifying Party neglects to defend the Indemnified Party, a recovery against the latter suffered by it in good faith, is conclusive in its favor against the Indemnifying Party, provided however that, if the Indemnifying Party has not received reasonable notice of the action or proceeding against Indemnified Party, or is not allowed to control its defense, judgment against the Indemnified Party is only presumptive evidence against the Indemnifying Party. 

          Each Party hereto to the extent that it is or becomes an Indemnifying Party, hereby stipulates that a judgment again an Indemnified Party shall be conclusive against the Indemnifying Party for purposes of the indemnification, unless specified otherwise above, the Parties shall cooperate in the defense of all third party claims, which may give rise to indemnifiable claims hereunder. In connection with the defense of any claim, each party shall make available to the party controlling such defense, any books, records or other documents within its control that are reasonably requested in the course of such defense and necessary or appropriate for such defense.

          2.5     Survival.  This Section 2 shall survive any termination of this Agreement. This indemnification shall further survive the Closing and shall remain in effect for a period of the latter of two years after the date of termination of this Agreement.  Any matter as to which a claim has been asserted by notice to another Party that is pending or unresolved by the end of any applicable limitation period shall continue to be covered by this Section 2 notwithstanding any applicable statute of limitations (which the Parties hereby waive) until such matter is finally terminated or otherwise resolved by the Parties under this Agreement or by a court of competent jurisdiction any amounts payable hereunder are finally determined and paid.

          2.6     Notice by Company.  The Company agrees to notify Finder of any liabilities, claims or misrepresentations, breaches or other matters covered by this Section 2 upon discovery or receipt of notice thereof (other than from Finder), whether before or after the termination of this Agreement.

          2.7     Notice by Finder.  The Finder agrees to notify Company of any liabilities, claims or misrepresentations, breaches or other matters covered by this Section 2 upon discovery or receipt of notice thereof (other than from Company), whether before or after the termination of this Agreement.

          2.8     Not Exclusive Remedy.  This Section 2 shall not be deemed to preclude or otherwise limit in any way the exercise of any other rights or pursuit of other remedies for the breach of this Agreement or with respect to any misrepresentation.

3.       REPRESENTATIONS AND WARRANTIES OF THE COMPANY

          3.1     Noncircumvention.  The Company agrees not to independently solicit any contacts introduced to them by Finder for the sole purpose of circumventing this Agreement.

          3.2     Representation of the Company.  The Company hereby represents and warrants to Finder that the representations it has made to Finder about its business are true and correct and accurately reflects the Company’s current financial and intended business affairs.

4.       MISCELLANEOUS

          4.1     Consent to Amendments.  This Agreement may be amended only by agreement in writing of all parties hereto.  No course of dealing between the Company and Finder nor any delay in exercising any rights hereunder shall operate as a waiver of any rights of the Company or Finder.

          4.2     Expenses.  Each party to this Agreement shall bear their own legal fees incurred in the negotiation and preparation of this Finder’s Fee Agreement and the services to be rendered hereunder.

          4.3     Survival of Representations and Warranties.  All representations and warranties contained herein or made in writing by the Company or Finder in connection herewith shall survive the execution and delivery of this agreement, the sale and purchase of the shares and any disposition thereof for the duration of the indemnification period.

          4.4     Specific Performance: Severability.

                    a.     The Parties hereto acknowledge and agree that irreparable damage would occur in the event any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached and that such damage would not be compensable in money damages and that it would be extremely difficult or impracticable to measure the resultant damages.  It is accordingly agreed that any party hereto shall be entitled to an injunction or injunctions to prevent breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof, in addition to any other remedy to which it may be entitled to at law or equity, and such party that is sued for breach of this Agreement expressly waives any defense that a remedy in damages would be adequate and expressly waives any
requirement in an action for specific performance for the posting of a bond by the party bringing such action.

                    b.     Should any part of this Agreement be declared or held invalid for any reason, such invalidity shall not affect the validity of the remainder of the Agreement, which shall continue in full force and effect.  Further, the Parties hereby agree to immediately adopt, in writing, a substitute provision designed to implement the Parties original intent herein, while fully complying with the rule, statutes, or ruling under which the previous provision was stricken or unenforceable.

          4.5     Further Assurances.  The Parties hereto shall do and perform or cause to be performed all such further acts and things and shall execute and deliver all such other agreements, certificates, instruments or documents as any other party may reasonably request form time to time to carry out the intent and purposes of this Agreement.

          4.6     Assignability.  Neither this Agreement nor any rights or obligations hereunder are assignable.  Finder expressly reserves the right to assign the funds due and payable hereunder at its sole discretion.  This agreement creates rights and duties between the Parties hereto only, and no third party shall have any rights hereunder.

          4.7     Notices.  Any notice, request, instruction, or other document required by the terms of this Agreement, or deemed by any of the Parties hereto to be desirable, to be given to any other Party hereto shall be in writing and shall be given by facsimile, personal delivery, overnight delivery, or mailed by registered or certified mail, postage prepaid, with return receipt requested, to the following addresses:

	
  
 
  	
  
Company’s address for notice is:
  	
  
China Hospitals, Inc.
  
	
  
 
  	
  
 
  	
  
Attn: Frank Hu, C.E.O.
  
	
  
 
  	
  
 
  	
  
Suite 2501, China World Tower, West Building
  
	
   
  	
  
 
  	
  
1 Jian Guo Men Wai Avenue
  
	
  
 
  	
  
 
  	
  
Beijing 100004, PRC
  
	
  
 
  	
  
 
  	
  
Telephone: 011-86-10-65059999
  
	
  
 
  	
  
 
  	
  
Facsimile: 011-86-10-65059468
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Finder address for notices is:
  	
  
Pin Financial, LLC
  
	
  
 
  	
  
 
  	
  
Attn: Ulderico Conte
  
	
  
 
  	
  
 
  	
  
165 East 35th Street, Suite 7F
  
	
   
  	
  
 
  	
  
New York, NY    10016
  
	
  
 
  	
  
 
  	
  
Telephone: 917/370-8369
  
	
  
 
  	
  
 
  	
  
Facsimile: 646/216-9177
  

          The persons
and addresses set forth above may be changed from time to time by a notice sent
as aforesaid.  If notice is given by facsimile, personal delivery, or
overnight delivery in accordance with the provisions of this Section, said
notice shall be conclusively deemed given at the time of such delivery.  If
notice is given by mail in accordance with the provisions of this Section, such
notice shall be conclusively deemed given seven business days after deposit
thereof in the United States mail.

          4.8     Attorney’s Fees.  In the event that any of the parties must resort to legal action in order to enforce the provisions of the Agreement or to defend such suit, the prevailing party shall be entitled to reimbursement from the non-prevailing party for all reasonable attorney’s fees and all other costs incurred in commencing or defending such suit.

          4.9     Entire Agreement.  The provisions described herein are the entire agreement between the parties and supersede all previous communications, representations, and agreements whether verbal or written between the parties regarding the subject matter hereof.

          4.10   Successors and Assigns.  Each covenant and condition of this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, successors, and assigns.

          4.11   Governing Law and Venue.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York which would apply if both Parties were residents of New York and this Agreement was made and performed in New York.  In any legal action involving this Agreement or the Parties’ relationship, the Parties agree that the exclusive venue for any lawsuit shall be in the state or federal court located within the County of Nassau, New York.  The Parties agree to submit to the jurisdiction of the state and federal courts located within Nassau County, New York.  The Parties agree to waive trial by jury.

          4.12   No Oral Change; Amendment.  This Agreement may only be changed or modified and any provisions hereof may only be waived in or by a writing signed by the party against whom enforcement of any waiver, change or modification is sought.  This Agreement may only be amended in writing by mutual consent of the Parties.

          4.13   Interpretation.  This Agreement shall be construed as a whole and in accordance with its fair meaning.  This Agreement and all the schedules and exhibits incorporated herein by reference shall be interpreted in accordance with the laws of the Sate of New York and will be deemed to have been executed in the State of New York.

          4.14   Waivers.  If any party shall at any time waive any rights hereunder resulting from any breach by any party of any of the provisions of this Agreement, such waiver is not be construed as a continuing waiver of their breaches of the same or other provisions of this Agreement.  Resort to any remedies referred to herein shall not be construed as a waiver of any other rights and remedies for which any party is entitled under this Agreement or otherwise.

          4.15   Counterparts.  This Agreement may be executed in any number of counterparts, each of which is considered to be an original, but all of which together are one and the same documents.  Any changes, handwritten or otherwise, must be signed by all signatories, or successor(s) or assign(s) thereto.

          4.16   Facsimile Signatures.  The Parties hereto agree that this Agreement may be executed by facsimile signatures and such signatures shall be deemed originals.  

          4.17   Confidentiality.  Finder and Company acknowledge that each will have access to proprietary information regarding the business operations of the other and agree to keep all such information secret and confidential and not to use or disclose any such information to any individual or organization without the non-disclosing parties prior written consent.  It is hereby agreed that from time to time Finder and Company may designate certain disclosed information as confidential for purposes of this Agreement.

          4.18   Time of Essence.  Time is hereby declared of the essence for the performance of all the conditions and obligations under this Agreement.

[SIGNATURE PAGE FOLLOWS]

          IN WITNESS WHEREOF, the Parties hereto, through their authorized signatories, have executed this Agreement in multiple counterparts and have set their hands to same, intending to be legally bound thereby, as of the day and year above written.

	
  “Company”
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
CHINA HOSPITALS, INC.,
  	
  
 
  
	
  
A CAYMAN ISLANDS   CORPORATION
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
/s/ Frank Hu
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
BY:
  	
  
Frank Hu
  	
  
 
  
	
  ITS:
  	
  
CEO
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
“Finder”
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
PIN FINANCIAL, LLC,
  	
  
 
  
	
  
A NEW YORK LIMITED   LIABILITY COMPANY
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
/s/ Rico Conte
  	
  
 
  
	
   
  	
  

  	
   
  
	
  BY:
  	
  Rico Conte
  	
   
  
	
  ITS:
  	
  President

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