Document:

Unassociated Document

    SECURITY
      AGREEMENT

    1. Identification.

    

    This
      Security Agreement (the "Agreement"), dated as of June 15, 2007, is entered
      into
      by and between Hi-Tech Wealth Inc., a Nevada corporation (“Debtor”), and Peter
      Benz, as collateral agent acting in the manner and to the extent described
      in
      the Collateral Agent Agreement defined below (the "Collateral Agent"), for
      the
      benefit of the parties identified on Schedule A hereto (collectively, the
      "Lenders").

    

    2. Recitals.

    

    2.1 The
      Lenders have made, are making and will be making loans to Debtor (the "Loans").
      It is beneficial to Debtor that the Loans were made and are being
      made.

    

    2.2 The
      Loans are and will be evidenced by certain promissory notes (each a “Note”)
      issued by Debtor on or about the date of and after the date of this Agreement
      pursuant to subscription agreements (each a “Subscription Agreement”) to which
      Debtor and Lenders are parties. The Notes are further identified on Schedule
      A
      hereto and were and will be executed by Debtor as “Borrower” or “Debtor” for the
      benefit of each Lender as the “Holder” or “Lender” thereof.

    

    2.3 In
      consideration of the Loans made and to be made by Lenders to Debtor and for
      other good and valuable consideration, and as security for the performance
      by
      Debtor of its obligations under the Notes and as security for the repayment
      of
      the Loans and all other sums due from Debtor to Lenders arising under the
      Transaction Documents (as defined in the Subscription Agreement), and any other
      agreement between or among them (collectively, the "Obligations"), the Debtor,
      for good and valuable consideration, receipt of which is acknowledged, has
      agreed to grant to the Collateral Agent, for the benefit of the Lenders, a
      security interest in the Collateral (as such term is hereinafter defined),
      on
      the terms and conditions hereinafter set forth. Obligations include all future
      advances by Lenders to Debtor made pursuant to the Subscription
      Agreement.

    

    2.4 The
      Lenders have appointed Peter Benz as Collateral Agent pursuant to that certain
      Collateral Agent Agreement dated at or about the date of this Agreement
      (“Collateral Agent Agreement”), among the Lenders and Collateral
      Agent.

    

    2.5 The
      following defined terms which are defined in the Uniform Commercial Code in
      effect in the State of New York on the date hereof are used herein as so
      defined: Accounts, Chattel Paper, Documents, Equipment, General Intangibles,
      Instruments, Inventory and Proceeds.

    

    3. Grant
      of General Security Interest in Collateral.

    

    3.1 As
      security for the Obligations of Debtor, Debtor hereby grants the Collateral
      Agent, for the benefit of the Lenders, a security interest in the
      Collateral.

    

    “Collateral”
      shall mean all of the following property of Debtor: 

    

    (A) All
      now owned and hereafter acquired right, title and interest of Debtor in, to
      and
      in respect of the following:

    

    (i) the
      shares of stock of Magical Insight which the Debtor represents equal 100% of
      the
      equity ownership interest in Magical Insight, the certificates representing
      such
      shares together with a medallion guaranteed executed stock power, and other
      rights, contractual or otherwise, in respect thereof and all dividends,
      distributions, cash, instruments, investment property and other property from
      time to time received, receivable or otherwise distributed in respect of or
      in
      exchange for any or all of such shares;

     

    
      
        
        

      

      
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    (ii) all
      additional shares of stock, partnership interests, member interests or other
      equity interests from time to time acquired by Debtor, in any Subsidiary (as
      defined in the Subscription Agreement) not a Subsidiary of the Debtor on the
      date hereof (“Future Subsidiaries”), the certificates representing such
      additional shares, and other rights, contractual or otherwise, in respect
      thereof and all dividends, distributions, cash, instruments, investment property
      and other property from time to time received, receivable or otherwise
      distributed in respect of or in exchange for any or all of such additional
      shares, interests or equity; and 

    

    (iii) all
      security entitlements of Debtor in, and all Proceeds of any and all of the
      foregoing in each case, whether now owned or hereafter acquired by Debtor and
      howsoever its interest therein may arise or appear (whether by ownership,
      security interest, lien, claim or otherwise).

    

    3.3 The
      Collateral Agent is hereby specifically authorized, after an Event of Default
      (as defined herein) and the expiration of any applicable cure period, to
      transfer any Collateral into the name of the Collateral Agent and to take any
      and all action deemed advisable to the Collateral Agent to remove any transfer
      restrictions affecting the Collateral.

    

    4. Perfection
      of Security Interest.

    

    4.1 Each
      Debtor shall prepare, execute and deliver to the Collateral Agent UCC-1
      Financing Statements. The Collateral Agent is instructed to prepare and file
      at
      each Debtor’s cost and expense, financing statements in such jurisdictions
      deemed advisable to the Collateral Agent, including but not limited to the
      State
      of Nevada. The Financing Statements are deemed to have been filed for the
      benefit of the Collateral Agent and Lenders identified on Schedule A
      hereto.

    

    4.2 All
      certificates and instruments constituting Collateral from time to time required
      to be pledged to Collateral Agent pursuant to the terms hereof shall be
      delivered to Collateral Agent promptly upon the earlier of the date hereof
      and
      the receipt thereof by or on behalf of Debtor. All such certificates and
      instruments shall be held by or on behalf of Collateral Agent pursuant hereto
      and shall be delivered in suitable form for transfer by delivery, or shall
      be
      accompanied by duly executed instruments of transfer or assignment or undated
      stock powers executed in blank, all in form and substance satisfactory to
      Collateral Agent. If any Collateral consists of uncertificated securities,
      unless the immediately following sentence is applicable thereto, Debtor shall
      cause Collateral Agent (or its custodian, nominee or other designee) to become
      the registered holder thereof, or cause each issuer of such securities to agree
      that it will comply with instructions originated by Collateral Agent with
      respect to such securities without further consent by Debtor. If any Collateral
      consists of security entitlements, Debtor shall transfer such security
      entitlements to Collateral Agent (or its custodian, nominee or other designee)
      or cause the applicable securities intermediary to agree that it will comply
      with entitlement orders by Collateral Agent without further consent by Debtor.
      

     

    
      
        
        

      

      
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    4.3 If
      Debtor
      shall receive, by virtue of Debtor being or having been an owner of any
      Collateral, any (i) stock certificate (including, without limitation, any
      certificate representing a stock dividend or distribution in connection with
      any
      increase or reduction of capital, reclassification, merger, consolidation,
      sale
      of assets, combination of shares, stock split, spin-off or split-off),
      promissory note or other instrument, (ii) option or right, whether as an
      addition to, substitution for, or in exchange for, any Collateral, or otherwise,
      (iii) dividends payable in cash (except such dividends permitted to be retained
      by Debtor pursuant to Section 5.2 hereof) or in securities or other property
      or
      (iv) dividends or other distributions in connection with a partial or total
      liquidation or dissolution or in connection with a reduction of capital, capital
      surplus or paid-in surplus, Debtor shall receive such stock certificate,
      promissory note, instrument, option, right, payment or distribution in trust
      for
      the benefit of Collateral Agent, shall segregate it from Debtor's other property
      and shall deliver it forthwith to Collateral Agent, in the exact form received,
      with any necessary endorsement and/or appropriate stock powers duly executed
      in
      blank, to be held by Collateral Agent as Collateral and as further collateral
      security for the Obligations.

    

    4.4 Within
      five (5) days after the receipt by a Debtor of any Additional Collateral, a
      Pledge Amendment, duly executed by such Debtor, in substantially the form of
      Annex I hereto (a "Pledge Amendment"), shall be delivered to Collateral Agent
      in
      respect of the Additional Collateral to be pledged pursuant to this Agreement.
      Each Debtor hereby authorizes Collateral Agent to attach each Pledge Amendment
      to this Agreement and agrees that all certificates or instruments listed on
      any
      Pledge Amendment delivered to Collateral Agent shall for all purposes hereunder
      constitute Collateral.

    

    5. Distribution.

    

    5.1 So
      long as an Event of Default does not exist, Debtor shall be entitled to exercise
      all voting power pertaining to any of the Collateral, provided such exercise
      is
      not contrary to the interests of the Lenders and does not impair the
      Collateral.

    

    5.2. At
      any time an Event of Default exists or has occurred, all rights of Debtor,
      upon
      notice given by Collateral Agent, to exercise the voting power and receive
      payments, which it would otherwise be entitled to pursuant to Section 5.1,
      shall
      cease and all such rights shall thereupon become vested in Collateral Agent,
      which shall thereupon have the sole right to exercise such voting power and
      receive such payments.

    

    5.3 All
      dividends, distributions, interest and other payments which are received by
      Debtor contrary to the provisions of Section 5.2 shall be received in trust
      for
      the benefit of Collateral Agent as security and Collateral for payment of the
      Obligations shall be segregated from other funds of Debtor, and shall be
      forthwith paid over to Collateral Agent as Collateral in the exact form received
      with any necessary endorsement and/or appropriate stock powers duly executed
      in
      blank, to be held by Collateral Agent as Collateral and as further collateral
      security for the Obligations.

    

    6. Further
      Action By Debtor; Covenants and Warranties.

    

    6.1 Collateral
      Agent at all times shall have a perfected security interest in the Collateral.
      Debtor represents that it has and will continue to have full title to the
      Collateral free from any liens, leases, encumbrances, judgments or other claims.
      Collateral Agent's security interest in the Collateral constitutes and will
      continue to constitute a first, prior and indefeasible security interest in
      favor of Collateral Agent except as described on Schedule 6.1 hereto. Debtor
      will do all acts and things, and will execute and file all instruments
      (including, but not limited to, security agreements, financing statements,
      continuation statements, etc.) reasonably requested by Collateral Agent to
      establish, maintain and continue the perfected security interest of Collateral
      Agent in the Collateral, and will promptly on demand, pay all costs and expenses
      of filing and recording, including the costs of any searches reasonably deemed
      necessary by Collateral Agent from time to time to establish and determine
      the
      validity and the continuing priority of the security interest of Collateral
      Agent, and also pay all other claims and charges that, in the opinion of
      Collateral Agent, exercised in good faith, are reasonably likely to materially
      prejudice, imperil or otherwise affect the Collateral or Collateral Agent’s or
      Lenders’ security interests therein.

     

    
      
        
        

      

      
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    6.2 Other
      than in the ordinary course of business, for fair value and in cash, and except
      for Collateral which is substituted by assets of identical or greater value
      (with the consent of the Collateral Agent) or which is inconsequential in value,
      Debtor will not sell, transfer, assign or pledge those items of Collateral
      (or
      allow any such items to be sold, transferred, assigned or pledged), without
      the
      prior written consent of Collateral Agent other than a transfer of the
      Collateral to a wholly-owned United States formed and located wholly-owned
      subsidiary or to another Debtor on prior notice to Collateral Agent, and
      provided the Collateral remains subject to the security interest herein
      described. Although Proceeds of Collateral are covered by this Agreement, this
      shall not be construed to mean that Collateral Agent consents to any sale of
      the
      Collateral, except as provided herein. Sales of Collateral in the ordinary
      course of business shall be free of the security interest of Lenders and
      Collateral Agent and Lenders and Collateral Agent shall promptly execute such
      documents (including without limitation releases and termination statements)
      as
      may be required by Debtor to evidence or effectuate the same.

    

    6.3 Debtor
      will, at all reasonable times during regular business hours and upon reasonable
      notice, allow Collateral Agent or its representatives free and complete access
      to the Collateral and all of such Debtor's records which in any way relate
      to
      the Collateral, for such inspection and examination as Collateral Agent
      reasonably deems necessary.

    

    6.4 Debtor,
      at its sole cost and expense, will protect and defend this Security Agreement,
      all of the rights of Collateral Agent and Lenders hereunder, and the Collateral
      against the claims and demands of all other persons.

    

    6.5 Debtor
      will promptly notify Collateral Agent of any levy, distraint or other seizure
      by
      legal process or otherwise of any part of the Collateral, and of any threatened
      or filed claims or proceedings that are reasonably likely to affect or impair
      any of the rights of Collateral Agent under this Security Agreement in any
      material respect.

    

    6.6 Debtor,
      at its own expense, will obtain and maintain in force insurance policies
      covering losses or damage to those items of Collateral which constitute physical
      personal property, which insurance shall be of the types customarily insured
      against by companies in the same or similar business, similarly situated, in
      such amounts (with such deductible amounts) as is customary for such companies
      under the same or similar circumstances, similarly situated. Debtor shall make
      the Collateral Agent a loss payee thereon to the extent of its interest in
      the
      Collateral. Collateral Agent is hereby irrevocably (until the Obligations are
      paid in full) appointed each Debtor’s attorney-in-fact to endorse any check or
      draft that may be payable to such Debtor so that Collateral Agent may collect
      the proceeds payable for any loss under such insurance. The proceeds of such
      insurance, less any costs and expenses incurred or paid by Collateral Agent
      in
      the collection thereof, shall be applied either toward the cost of the repair
      or
      replacement of the items damaged or destroyed, or on account of any sums secured
      hereby, whether or not then due or payable.

    

    6.7 Collateral
      Agent may, at its option, and without any obligation to do so, pay, perform
      and
      discharge any and all amounts, costs, expenses and liabilities herein agreed
      to
      be paid or performed by Debtor.  Upon Debtor’s failure to do so, all
      amounts expended by Collateral Agent in so doing shall become part of the
      Obligations secured hereby, and shall be immediately due and payable by Debtor
      to Collateral Agent upon demand and shall bear interest at the lesser of 15%
      per
      annum or the highest legal amount from the dates of such expenditures until
      paid.

    

    6.8 Upon
      the request of Collateral Agent, Debtor will furnish to Collateral Agent within
      five (5) business days thereafter, or to any proposed assignee of this Security
      Agreement, a written statement in form reasonably satisfactory to Collateral
      Agent, duly acknowledged, certifying the amount of the principal and interest
      and any other sum then owing under the Obligations, whether to its knowledge
      any
      claims, offsets or defenses exist against the Obligations or against this
      Security Agreement, or any of the terms and provisions of any other agreement
      of
      Debtor securing the Obligations. In connection with any assignment by Collateral
      Agent of this Security Agreement, each Debtor hereby agrees to cause the
      insurance policies required hereby to be carried by such Debtor, if any, to
      be
      endorsed in form satisfactory to Collateral Agent or to such assignee, with
      loss
      payable clauses in favor of such assignee, and to cause such endorsements to
      be
      delivered to Collateral Agent within ten (10) calendar days after request
      therefor by Collateral Agent.

     

    
      
        
        

      

      
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    6.9 Debtor
      will, at its own expense, make, execute, endorse, acknowledge, file and/or
      deliver to the Collateral Agent from time to time such vouchers, invoices,
      schedules, confirmatory assignments, conveyances, financing statements, transfer
      endorsements, powers of attorney, certificates, reports and other reasonable
      assurances or instruments and take further steps relating to the Collateral
      and
      other property or rights covered by the security interest hereby granted, as
      the
      Collateral Agent may reasonably require to perfect its security interest
      hereunder.

    

    6.10 Debtor
      represent and warrant that it is the true and lawful exclusive owner of the
      Collateral, free and clear of any liens and encumbrances.

    

    6.11 Debtor
      hereby agrees not to divest itself of any right under the Collateral except
      as
      permitted herein absent prior written approval of the Collateral Agent, except
      to a subsidiary organized and located in the United States on prior notice
      to
      Collateral Agent provided the Collateral remains subject to the security
      interest herein described.

    6.12 Debtor
      shall, in respect of each Subsidiary of the Debtor not in existence on the
      date
      hereof, execute and deliver to Collateral Agent promptly and in any event within
      10 days after the formation, acquisition or change in status thereof. (A) if
      requested by Collateral Agent, a security and pledge agreement substantially
      in
      the form of this Agreement together with (x) certificates evidencing all of
      the
      capital stock of each such Subsidiary, (y) undated stock powers executed in
      blank with signatures guaranteed, and (z) such opinion of counsel and such
      approving certificate of such Subsidiary as Collateral Agent may reasonably
      request in respect of complying with any legend on any such certificate or
      any
      other matter relating to such shares and (B) such other agreements, instruments,
      approvals, legal opinions or other documents reasonably requested by Collateral
      Agent in order to create, perfect, establish the first priority of or otherwise
      protect any lien purported to be covered by any such pledge and security
      agreement or otherwise to effect the intent that the shares of stock,
      partnership interests, member interests or other equity interests from time
      to
      time acquired by Debtor, in such
      Subsidiary shall become Collateral for the Obligations. The Subscription
      Agreement contains
      a list of all Subsidiaries of the Debtor as of the date of this
      Agreement.

     

    7. Power
      of Attorney.

    

    At
      any time an Event of Default exists or has occurred, Debtor hereby irrevocably
      constitutes and appoints the Collateral Agent as the true and lawful attorney
      of
      Debtor, with full power of substitution, in the place and stead of such Debtor
      and in the name of such Debtor or otherwise, at any time or times, in the
      discretion of the Collateral Agent, to take any action and to execute any
      instrument or document which the Collateral Agent may deem necessary or
      advisable to accomplish the purposes of this Agreement. This power of attorney
      is coupled with an interest and is irrevocable until the Obligations are
      satisfied.

    

    8. Performance
      By The Collateral Agent.

    

    If
      Debtor fails to perform any material covenant, agreement, duty or obligation
      of
      Debtor under this Agreement, the Collateral Agent may, after any applicable
      cure
      period, at any time or times in its discretion, take action to effect
      performance of such obligation. All reasonable expenses of the Collateral Agent
      incurred in connection with the foregoing authorization shall be payable by
      Debtor as provided in Paragraph 12.1 hereof. No discretionary right, remedy
      or
      power granted to the Collateral Agent under any part of this Agreement shall
      be
      deemed to impose any obligation whatsoever on the Collateral Agent with respect
      thereto, such rights, remedies and powers being solely for the protection of
      the
      Collateral Agent.

     

    
      
        
        

      

      
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    9. Event
      of Default.

    

    An
      event of default ("Event of Default") shall be deemed to have occurred hereunder
      upon the occurrence of any event of default as defined and described in this
      Agreement, in the Notes, the Subscription Agreement, and any other agreement
      to
      which Debtor and a Lender are parties. Upon and after any Event of Default,
      after the applicable cure period, if any, any or all of the Obligations shall
      become immediately due and payable at the option of the Collateral Agent, for
      the benefit of the Lenders, and the Collateral Agent may dispose of Collateral
      as provided below. A default by Debtor of any of its material obligations
      pursuant to this Agreement and any of the Transaction Documents (as defined
      in
      the Subscription Agreement) shall be an Event of Default hereunder and an “Event
      of Default” as defined in the Notes, and Subscription Agreement.

    

    10. Disposition
      of Collateral.

    

    Upon
      and after any Event of Default which is then continuing,

    

    10.1 The
      Collateral Agent may exercise its rights with respect to each and every
      component of the Collateral, without regard to the existence of any other
      security or source of payment for the Obligations. In addition to other rights
      and remedies provided for herein or otherwise available to it, the Collateral
      Agent shall have all of the rights and remedies of a lender on default under
      the
      Uniform Commercial Code then in effect in the State of New York.

    

    10.2 If
      any notice to Debtor of the sale or other disposition of Collateral is required
      by then applicable law, five business (5) days prior written notice (which
      Debtor agree is reasonable notice within the meaning of Section 9.612(a) of
      the
      Uniform Commercial Code) shall be given to Debtor of the time and place of
      any
      sale of Collateral which Debtor hereby agree may be by private sale. The rights
      granted in this Section are in addition to any and all rights available to
      Collateral Agent under the Uniform Commercial Code.

    

    10.3 The
      Collateral Agent is authorized, at any such sale, if the Collateral Agent deems
      it advisable to do so, in order to comply with any applicable securities laws,
      to restrict the prospective bidders or purchasers to persons who will represent
      and agree, among other things, that they are purchasing the Collateral for
      their
      own account for investment, and not with a view to the distribution or resale
      thereof, or otherwise to restrict such sale in such other manner as the
      Collateral Agent deems advisable to ensure such compliance. Sales made subject
      to such restrictions shall be deemed to have been made in a commercially
      reasonable manner.

    

    10.4 All
      proceeds received by the Collateral Agent for the benefit of the Lenders in
      respect of any sale, collection or other enforcement or disposition of
      Collateral, shall be applied (after deduction of any amounts payable to the
      Collateral Agent pursuant to Paragraph 12.1 hereof) against the Obligations
      pro
      rata among the Lenders in proportion to their interests in the Obligations.
      Upon
      payment in full of all Obligations, Debtor shall be entitled to the return
      of
      all Collateral, including cash, which has not been used or applied toward the
      payment of Obligations or used or applied to any and all costs or expenses
      of
      the Collateral Agent incurred in connection with the liquidation of the
      Collateral (unless another person is legally entitled thereto). Any assignment
      of Collateral by the Collateral Agent to Debtor shall be without representation
      or warranty of any nature whatsoever and wholly without recourse. To the extent
      allowed by law, each Lender may purchase the Collateral and pay for such
      purchase by offsetting up to such Lender’s pro rata portion of the purchase
      price with sums owed to such Lender by Debtor arising under the Obligations
      or
      any other source.

     

    
      
        
        

      

      
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    11. Waiver
      of Automatic Stay.
      Debtor acknowledges and agrees that should a proceeding under any bankruptcy
      or
      insolvency law be commenced by or against Debtor, or if any of the Collateral
      should become the subject of any bankruptcy or insolvency proceeding, then
      the
      Collateral Agent should be entitled to, among other relief to which the
      Collateral Agent or Lenders may be entitled under the Note, Subscription
      Agreement and any other agreement to which the Debtor, Lenders or Collateral
      Agent are parties, (collectively "Loan Documents") and/or applicable law, an
      order from the court granting immediate relief from the automatic stay pursuant
      to 11 U.S.C. Section 362 to permit the Collateral Agent to exercise all of
      its
      rights and remedies pursuant to the Loan Documents and/or applicable law. Debtor
      EXPRESSLY WAIVES THE BENEFIT OF THE AUTOMATIC STAY IMPOSED BY 11 U.S.C. SECTION
      362. FURTHERMORE, Debtor EXPRESSLY ACKNOWLEDGES AND AGREES THAT NEITHER 11
      U.S.C. SECTION 362 NOR ANY OTHER SECTION OF THE BANKRUPTCY CODE OR OTHER STATUTE
      OR RULE (INCLUDING, WITHOUT LIMITATION, 11 U.S.C. SECTION 105) SHALL STAY,
      INTERDICT, CONDITION, REDUCE OR INHIBIT IN ANY WAY THE ABILITY OF THE COLLATERAL
      AGENT TO ENFORCE ANY OF ITS RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS AND/OR
      APPLICABLE LAW. Debtor hereby consents to any motion for relief from stay which
      may be filed by the Collateral Agent in any bankruptcy or insolvency proceeding
      initiated by or against Debtor, and further agrees not to file any opposition
      to
      any motion for relief from stay filed by the Collateral Agent. Debtor
      represents, acknowledges and agrees that this provision is a specific and
      material aspect of this Agreement, and that the Collateral Agent would not
      agree
      to the terms of this Agreement if this waiver were not a part of this Agreement.
      Debtor further represents, acknowledges and agrees that this waiver is
      knowingly, intelligently and voluntarily made, that neither the Collateral
      Agent
      nor any person acting on behalf of the Collateral Agent has made any
      representations to induce this waiver, that Debtor has been represented (or
      has
      had the opportunity to be represented) in the signing of this Agreement and
      in
      the making of this waiver by independent legal counsel selected by Debtor and
      that Debtor has had the opportunity to discuss this waiver with counsel. Debtor
      further agrees that any bankruptcy or insolvency proceeding initiated by Debtor
      will only be brought in the Federal Court within the Southern District of New
      York.

    

    12. Miscellaneous.

    

    12.1 Expenses.
      Debtor shall pay to the Collateral Agent, on demand, the amount of any and
      all
      reasonable expenses, including, without limitation, attorneys' fees, legal
      expenses and brokers' fees, which the Collateral Agent may incur in connection
      with (a) sale, collection or other enforcement or disposition of Collateral;
      (b)
      exercise or enforcement of any the rights, remedies or powers of the Collateral
      Agent hereunder or with respect to any or all of the Obligations upon breach
      or
      threatened breach; or (c) failure by Debtor to perform and observe any
      agreements of Debtor contained herein which are performed by the Collateral
      Agent.

    

    12.2 Waivers,
      Amendment and Remedies.
      No course of dealing by the Collateral Agent and no failure by the Collateral
      Agent to exercise, or delay by the Collateral Agent in exercising, any right,
      remedy or power hereunder shall operate as a waiver thereof, and no single
      or
      partial exercise thereof shall preclude any other or further exercise thereof
      or
      the exercise of any other right, remedy or power of the Collateral Agent. No
      amendment, modification or waiver of any provision of this Agreement and no
      consent to any departure by Debtor therefrom, shall, in any event, be effective
      unless contained in a writing signed by the Collateral Agent, and then such
      waiver or consent shall be effective only in the specific instance and for
      the
      specific purpose for which given. The rights, remedies and powers of the
      Collateral Agent, not only hereunder, but also under any instruments and
      agreements evidencing or securing the Obligations and under applicable law
      are
      cumulative, and may be exercised by the Collateral Agent from time to time
      in
      such order as the Collateral Agent may elect.

     

    
      
        
        

      

      
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    12.3 Notices.
      All notices or other communications given or made hereunder shall be in writing
      and shall be personally delivered or deemed delivered the first business day
      after being faxed (provided that a copy is delivered by first class mail) to
      the
      party to receive the same at its address set forth below or to such other
      address as either party shall hereafter give to the other by notice duly made
      under this Section:

     

    
      
        	
                To
                  Debtor:

              	 	
                Hi-Tech
                  Wealth Inc.

              
	 	 	
                Suite
                  1503, Sino Plaza

              
	 	 	
                255-257
                  Gloucester Road

              
	 	 	
                Causeway
                  Bay, Hong Kong

              
	 	 	
                Attn:
                  Ma Qing, Chief Financial Officer

              
	 	 	
                Fax:
                  +852 2975 9809

              

      

      

      
        	
                With
                  an additional copy by telecopier only to:

              	 	
                Loeb
                  & Loeb, LLP

              
	 	 	
                345
                  Park Avenue

              
	 	 	
                New
                  York, NY 10154

              
	 	 	
                Attn:
                  Mitchell Nussbaum, Esq.

              
	 	 	
                Fax:
                  (212) 202-7829

              

      

      

      
        	
                To
                  Lenders:

              	 	
                To
                  the addresses and telecopier numbers set forthon
                  Schedule A 

              

      

      

      
        	
                To
                  the Collateral Agent:

              	 	
                Peter
                  Benz

              
	 	 	
                600
                  Montgomery Street, 44th
                  Floor

              
	 	 	
                San
                  Francisco, CA 94111

              
	 	 	
                Fax:
                  (415) 981-5301

              

      

      

      

      
        	
                If
                  to Debtor, Lender or Collateral Agent,with a copy by telecopier
                  only
                  to:

              
	 	 	 
	
                 

              	 	
                Grushko
                  & Mittman, P.C.

              
	
                 

              	 	
                551
                  Fifth Avenue, Suite 1601

              
	
                 

              	 	
                New
                  York, New York 10176

              
	
                 

              	 	
                Fax:
                  (212) 697-3575

              

      

    

     

    Any
      party may change its address by written notice in accordance with this
      paragraph.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    
 

    12.4 Term;
      Binding Effect.
      This Agreement shall (a) remain in full force and effect until payment and
      satisfaction in full of all of the Obligations; (b) be binding upon Debtor,
      and
      its successors and permitted assigns; and (c) inure to the benefit of the
      Collateral Agent, for the benefit of the Lenders and their respective successors
      and assigns. 

    

    12.5 Captions.
      The captions of Paragraphs, Articles and Sections in this Agreement have been
      included for convenience of reference only, and shall not define or limit the
      provisions hereof and have no legal or other significance
      whatsoever.

    

    12.6 Governing
      Law; Venue; Severability. This Agreement shall be governed by and construed
      in accordance with the laws of the State of New York without regard to conflicts
      of laws principles that would result in the application of the substantive
      laws
      of another jurisdiction, except to the extent that the perfection of the
      security interest granted hereby in respect of any item of Collateral may be
      governed by the law of another jurisdiction. Any legal action or proceeding
      against Debtor with respect to this Agreement may be brought in the courts
      in
      the State of New York or of the United States for the Southern District of
      New
      York, and, by execution and delivery of this Agreement, Debtor hereby
      irrevocably accepts for itself and in respect of its property, generally and
      unconditionally, the jurisdiction of the aforesaid courts. Debtor hereby
      irrevocably waives any objection which they may now or hereafter have to the
      laying of venue of any of the aforesaid actions or proceedings arising out
      of or
      in connection with this Agreement brought in the aforesaid courts and hereby
      further irrevocably waives and agrees not to plead or claim in any such court
      that any such action or proceeding brought in any such court has been brought
      in
      an inconvenient forum. If any provision of this Agreement, or the application
      thereof to any person or circumstance, is held invalid, such invalidity shall
      not affect any other provisions which can be given effect without the invalid
      provision or application, and to this end the provisions hereof shall be
      severable and the remaining, valid provisions shall remain of full force and
      effect.

    

    12.7 Entire
      Agreement.
      This Agreement contains the entire agreement of the parties and supersedes
      all
      other agreements and understandings, oral or written, with respect to the
      matters contained herein.

    

    12.8 Counterparts/Execution.
      This Agreement may be executed in any number of counterparts and by the
      different signatories hereto on separate counterparts, each of which, when
      so
      executed, shall be deemed an original, but all such counterparts shall
      constitute but one and the same instrument. This Agreement may be executed
      by
      facsimile signature and delivered by facsimile transmission.

    

    13. Intercreditor
      Terms.
      As between the Lenders, any distribution under paragraph 10.4 shall be made
      proportionately based upon the remaining principal amount (plus accrued and
      unpaid interest) to each as to the total amount then owed to the Lenders as
      a
      whole. The rights of each Lender hereunder are pari
      passu
      to the rights of the other Lenders hereunder. Any recovery hereunder shall
      be
      shared ratably among the Lenders according to the then remaining principal
      amount owed to each (plus accrued and unpaid interest) as to the total amount
      then owed to the Lenders as a whole. 

    

    14. Termination;
      Release.
      When the Obligations have been indefeasibly paid and performed in full, this
      Agreement shall terminated, and the Collateral Agent, at the request and sole
      expense of the Debtor, will promptly execute and deliver to the Debtor the
      proper instruments (including UCC termination statements) acknowledging the
      termination of the Security Agreement, and promptly duly assign, transfer and
      deliver to the Debtor, without recourse, representation or warranty of any
      kind
      whatsoever, such of the Collateral, including, without limitation, Securities
      and any Additional Collateral, as may be in the possession of the Collateral
      Agent.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    15. Collateral
      Agent.

    

    15.1 Collateral
      Agent Powers.
      The powers conferred on the Collateral Agent hereunder are solely to protect
      its
      interest (on behalf of the Lenders) in the Collateral and shall not impose
      any
      duty on it to exercise any such powers.

    

    15.2 Reasonable
      Care.
      The Collateral Agent is required to exercise reasonable care in the custody
      and
      preservation of any Collateral in its possession; provided, however, that the
      Collateral Agent shall be deemed to have exercised reasonable care in the
      custody and preservation of any of the Collateral if it takes such action for
      that purposes as any owner thereof reasonably requests in writing at times
      other
      than upon the occurrence and during the continuance of any Event of Default,
      but
      failure of the Collateral Agent, to comply with any such request at any time
      shall not in itself be deemed a failure to exercise reasonable
      care.

    

    

    [THIS
      SPACE INTENTIONALLY LEFT BLANK]

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
 

    IN
      WITNESS WHEREOF, the
      undersigned have executed and delivered this Security Agreement, as of the
      date
      first written above.

    

      

      
        	
                "DEBTOR"

              	 	
                "THE
                  COLLATERAL AGENT"

              
	
                HI-TECH
                  WEALTH INC.

              	 	
                PETER
                  BENZ

              
	
                a
                  Nevada corporation

              	 	 
	 	 	 
	
                By:                                                                                  
                  

              	 	                                                                                  
                
	 	 	 
	
                Its:                                                                                   

              	 	 

      

      

      

      

      APPROVED
        BY “LENDERS”:

      

      

      

      
        	
                                                                                                  
                  

              	 	
                                                                                                  
                  

              
	
                LONGVIEW
                  FUND, LP

              	 	
                BASSO
                  MULTI-STRATEGY HOLDING FUND LTD.

              
	 	 	
                 

              
	 	 	 
	 	 	 
	
                                                                                                  
                  

              	 	
                                                                                                  
                  

              
	
                BASSO
                  FUND LTD.

              	 	
                IROQUOIS
                  MASTER FUND LTD.

              
	 	 	 
	 	 	 
	 	 	 
	
                                                                                                  
                  

              	 	
                                                                                                  
                  

              
	
                GRAHAM
                  PARTNERS, LP

              	 	
                INSIGNIA
                  PARTNERS LP

              
	 	 	 
	 	 	 
	 	 	 
	
                                                                                                  
                  

              	 	
                                                                                                  
                  

              
	
                NORTHWOOD
                  CAPITAL PARTNERS, LP

              	 	
                ALPHA
                  CAPITAL ANSTALT

              

      

      
 

    

    

    

    This
      Security Agreement may be signed by facsimile signature
      and

    delivered
      by confirmed facsimile transmission.

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    SCHEDULE
      A TO SECURITY AGREEMENT

     

    
      	
              LENDER

            	
              PRINCIPAL
                AMOUNT OF NOTE TO BE ISSUED ON CLOSING DATE

            	
              PRINCIPAL
                AMOUNT OF NOTE TO BE ISSUED ON SUBSEQUENT ISSUANCE CLOSING
                DATE

            
	
              LONGVIEW
                FUND, LP

              600
                Montgomery Street, 44th Floor

              San
                Francisco, CA 94111

              Fax:
                (415) 981-5301

            	
              $2,925,000.00

            	
              $2,925,000.00

            
	
              BASSO
                MULTI-STRATEGY HOLDING FUND LTD.

              A
                Cayman Islands Exempted Company

              c/o
                M&C Corporate Services

              Box
                309 GT, Ugland House

              South
                Church Street, George Town

              Grand
                Cayman, Cayman Islands

              Fax:
                (203) 352-6193

            	
              $850,000.00

            	
              $850,000.00

            
	
              BASSO
                FUND LTD.

              A
                Cayman Islands Exempted Company

              c/o
                M&C Corporate Services

              Box
                309 GT, Ugland House

              South
                Church Street, George Town

              Grand
                Cayman, Cayman Islands

              Fax:
                (203) 352-6193

            	
              $150,000.00

            	
              $150,000.00

            
	
              IROQUOIS
                MASTER FUND LTD.

              641
                Lexington Avenue, 26th
                Floor

              New
                York, NY 10022

              Fax:
                (212) 207-3452

            	
              $375,000.00

            	
              $375,000.00

            
	
              GRAHAM
                PARTNERS, LP

              666
                Fifth Avenue, 37th
                Floor

              New
                York, NY 10103

              Fax:
                (212) 808-7431

            	
              $200,000.00

            	
              $200,000.00

            
	
              INSIGNIA
                PARTNERS, LP

              1150
                First Avenue, Suite 600

              King
                of Prussia, PA 19406

              Fax:
                (610) 783-4788

            	
              $150,000.00

            	
              $150,000.00

            
	
              NORTHWOOD
                CAPITAL PARTNERS, LP

              1150
                First Avenue, Suite 600

              King
                of Prussia, PA 19406

              Fax:
                (610) 783-4788

            	
              $150,000.00

            	
              $150,000.00

            
	
              ALPHA
                CAPITAL ANSTALT

              Pradafant
                7

              9490
                Furstentums

              Vaduz,
                Lichtenstein

              Fax:
                011-42-32323196

            	
              $200,000.00

            	
              $200,000.00

            
	
              TOTAL

            	
              $5,000,000.00

            	
              $5,000,000.00

            

    

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    ANNEX
      I

    

    TO

     

    SECURITY
      AGREEMENT

     

    PLEDGE
      AMENDMENT

     

    This
      Pledge Amendment, dated _________ __ 200_, is delivered pursuant to Section
      4.3
      of the Security Agreement referred to below. The undersigned hereby agrees
      that
      this Pledge Amendment may be attached to the Security Agreement, dated June
      ____, 2007, as it may heretofore have been or hereafter may be amended,
      restated, supplemented or otherwise modified from time to time and that the
      shares listed on this Pledge Amendment shall be hereby pledged and assigned
      to
      Collateral Agent and become part of the Collateral referred to in such Security
      Agreement and shall secure all of the Obligations referred to in such Security
      Agreement.

     

    

    

    
      	
              Name
                of Issuer

            	
              Number

              of
                Shares

            	
              Class

            	
              Certificate

              Number(s)

            
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

    

    

     

    
 

    
      	 	
              HI-TECH
                WEALTH INC.

              

              

              

              By: _____________________________________

            

    

     

     

    
      
        
        

      

      
        13COLLATERAL
      AGENT AGREEMENT

    

    COLLATERAL
      AGENT AGREEMENT (this "Agreement")
      dated as of June 15, 2007, among Peter Benz (the "Collateral
      Agent"),
      and the parties identified on Schedule A hereto (each, individually, a
      "Lender"
      and collectively, the "Lenders"),
      who hold or will acquire promissory Notes issued or to be issued by Hi-Tech
      Wealth Inc. (“Parent”), a Nevada corporation, at or about the date of this
      Agreement as described in the Security Agreement referred to in Section 1(a)
      below (collectively herein the “Notes").

    

    WHEREAS,
      the Lenders have made, are making and will be making loans to Parent to be
      secured by certain collateral; and

    

    WHEREAS,
      it is desirable to provide for the orderly administration of such collateral
      by
      requiring each Lender to appoint the Collateral Agent as Pledgee,
      and the Collateral Agent has agreed to accept such appointment and to receive,
      hold and deliver such collateral, all upon the terms and subject to the
      conditions hereinafter set forth; and

    

    WHEREAS,
      it is desirable to allocate the enforcement of certain rights of the Lenders
      under the Notes for the orderly administration thereof.

    

    NOW,
      THEREFORE, in consideration of the premises set forth herein and for other
      good
      and valuable consideration, the parties hereto agree as follows:

    

    1. Collateral.

    

    (a) Contemporaneously
      with the execution and delivery of this Agreement by the Collateral Agent and
      the Lenders, (i) the Collateral Agent has or will have entered into a Security
      Agreement between the Collateral Agent and Parent ("Security
      Agreement"),
      regarding the grant of a security interest to Collateral Agent for the benefit
      of Lenders in assets owned by Parent; (ii) an IP Security Contract will be
      entered into among Parent, Collateral Agent and Beihai Hi-Tech Wealth Technology
      Development Co., Ltd., a company organized under the laws of the People’s
      Republic of China (“Behai HTW”) ("Guarantor" and together with Parent,
      "Debtors") to grant a security interest in certain of Guarantor’s intellectual
      property (“IP”) described therein to the Collateral Agent for the benefit of the
      Lenders, and (iii) Parent is issuing the Notes to the Lenders pursuant to a
      “Subscription Agreement” dated at or about the date of this Agreement.
      Collectively, the Security Agreement, the Notes and Subscription Agreement
      and
      other agreements referred to therein are referred to herein as "Borrower
      Documents".
      Collectively, the term “Collateral” employed herein refers to “Collateral” as
      defined in the Security Agreement and the collateral described in the IP
      security contract.

    

    (b) The
      Collateral Agent hereby acknowledges that any Collateral held by the Collateral
      Agent is held for the benefit of the Lenders in accordance with this Agreement
      and the Borrower Documents. No reference to the Borrower Documents or any other
      instrument or document shall be deemed to incorporate any term or provision
      thereof into this Agreement unless expressly so provided.

    

    (c) The
      Collateral Agent is to distribute in accordance with the Borrower Documents
      any
      proceeds received from the Collateral which are distributable to the Lenders
      in
      proportion to their respective interests in the Obligations as defined in the
      Security Agreement.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    2. Appointment
      of the Collateral Agent.

    

    The
      Lenders hereby appoint the Collateral Agent as Pledgee
      (and the Collateral Agent hereby accepts such appointment) to take any action
      including, without limitation, the registration of any Collateral in the name
      of
      the Collateral Agent or its nominees prior to or during the continuance of
      an
      Event of Default (as defined in the Borrower Documents), the exercise of voting
      rights upon the occurrence and during the continuance of an Event of Default,
      the application of any cash collateral received by the Collateral Agent to
      the
      payment of the Obligations, the making of any demand under the Borrower
      Documents, the exercise of any remedies given to the Collateral Agent pursuant
      to the Borrower Documents and the exercise of any authority pursuant to the
      appointment of the Collateral Agent as an attorney-in-fact pursuant to the
      Security Agreement that the Collateral Agent deems necessary or proper for
      the
      administration of the Collateral pursuant to the Security Agreements. Upon
      disposition of the Collateral in accordance with the Borrower Documents, the
      Collateral Agent shall promptly distribute any cash or Collateral in accordance
      with Section 10.4 of the Security Agreement. Lenders must notify Collateral
      Agent in writing of the issuance of Notes to Lenders by Debtor. The Collateral
      Agent will not be required to act hereunder in connection with Notes the
      issuance of which was not disclosed in writing to the Collateral Agent nor
      will
      the Collateral Agent be required to act on behalf of any assignee of Notes
      without the written consent of Collateral Agent.

    

    3. Action
      by the Majority in Interest.

    

    (a) Certain
      Actions.
      Each of the Lenders covenants and agrees that only a Majority in Interest shall
      have the right, but not the obligation, to undertake the following actions
      (it
      being expressly understood that less than a Majority in Interest hereby
      expressly waive the following rights that they may otherwise have under the
      Borrower Documents):

    

    (i) Acceleration.
      If an Event of Default occurs, after the applicable cure period, if any, a
      Majority in Interest may, on behalf of all the Lenders, instruct the Collateral
      Agent to provide to Debtors notice to cure such default and/or declare the
      unpaid principal amount of the Notes to be due and payable, together with any
      and all accrued interest thereon and all costs payable pursuant to such
      Notes;

    

    (ii) Enforcement.
      Upon the occurrence of any Event of Default after the applicable cure period,
      if
      any, a Majority in Interest may instruct the Collateral Agent to proceed to
      protect, exercise and enforce, on behalf of all the Lenders, their rights and
      remedies under the Borrower Documents against Debtors, and such other rights
      and
      remedies as are provided by law or equity; and

    

    (iii) Waiver
      of Past Defaults.
      A Majority in Interest may instruct the Collateral Agent to waive any Event
      of
      Default by written notice to Debtors, and the other Lenders.

    

    (b) Permitted
      Subordination.
      A Majority in Interest may instruct the Collateral Agent to agree to subordinate
      any Collateral to any claim and may enter into any agreement with Debtors to
      evidence such subordination; provided,
      however,
      that subsequent to any such subordination, each Note shall remain pari passu
      with the other Notes held by the Lenders.

    

    (c) Further
      Actions.
      A Majority in Interest may instruct the Collateral Agent to take any action
      that
      it may take under this Agreement by instructing the Collateral Agent in writing
      to take such action on behalf of all the Lenders.

    

    (d) Majority
      in Interest.
      For so long as any obligations remain outstanding on the Notes, Majority in
      Interest for the purposes of this Agreement and the Security Agreement shall
      mean Lenders who hold not less than sixty-five percent of the outstanding
      principal amount of the Notes. 

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    4. Power
      of Attorney.

    

    (a) To
      effectuate the terms and provisions hereof, the Lenders hereby appoint the
      Collateral Agent as their attorney-in-fact (and the Collateral Agent hereby
      accepts such appointment) for the purpose of carrying out the provisions of
      this
      Agreement including, without limitation, taking any action on behalf of, or
      at
      the instruction of, the Majority in Interest at the written direction of the
      Majority in Interest and executing any consent authorized pursuant to this
      Agreement and taking any action and executing any instrument that the Collateral
      Agent may deem necessary or advisable (and lawful) to accomplish the purposes
      hereof.

    

    (b) All
      acts done under the foregoing authorization are hereby ratified and approved
      and
      neither the Collateral Agent nor any designee nor agent thereof shall be liable
      for any acts of commission or omission, for any error of judgment, for any
      mistake of fact or law except for acts of gross negligence or willful
      misconduct.

    

    (c) This
      power of attorney, being coupled with an interest, is irrevocable while this
      Agreement remains in effect.

    

    5. Expenses
      of the Collateral Agent.
      The Lenders shall pay any and all reasonable costs and expenses incurred by
      the
      Collateral Agent, including, without limitation, reasonable costs and expenses
      relating to all waivers, releases, discharges, satisfactions, modifications
      and
      amendments of this Agreement, the administration and holding of the Collateral,
      insurance expenses, and the enforcement, protection and adjudication of the
      parties' rights hereunder by the Collateral Agent, including, without
      limitation, the reasonable disbursements, expenses and fees of the attorneys
      the
      Collateral Agent may retain, if any, each of the foregoing in proportion to
      their holdings of the Notes.

    

    6. Reliance
      on Documents and Experts.
      The Collateral Agent shall be entitled to rely upon any notice, consent,
      certificate, affidavit, statement, paper, document, writing or communication
      (which may be by telegram, cable, telex, telecopier, or telephone) reasonably
      believed by it to be genuine and to have been signed, sent or made by the proper
      person or persons, and upon opinions and advice of its own legal counsel,
      independent public accountants and other experts selected by the Collateral
      Agent.

    

    7. Duties
      of the Collateral Agent; Standard of Care.

    

    (a) The
      Collateral Agent's only duties are those expressly set forth in this Agreement,
      and the Collateral Agent hereby is authorized to perform those duties in
      accordance with commercially reasonable practices. The Collateral Agent may
      exercise or otherwise enforce any of its rights, powers, privileges, remedies
      and interests under this Agreement and applicable law or perform any of its
      duties under this Agreement by or through its officers, employees, attorneys,
      or
      agents.

    

    (b) The
      Collateral Agent shall act in good faith and with that degree of care that
      an
      ordinarily prudent person in a like position would use under similar
      circumstances.

    

    (c) Any
      funds held by the Collateral Agent hereunder need not be segregated from other
      funds except to the extent required by law. The Collateral Agent shall be under
      no liability for interest on any funds received by it hereunder.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    8. Resignation.
      The Collateral Agent may resign and be discharged of its duties hereunder at
      any
      time by giving written notice of such resignation to the other parties hereto,
      stating the date such resignation is to take effect. Within five (5) days of
      the
      giving of such notice, a successor collateral agent shall be appointed by the
      Majority in Interest; provided,
      however,
      that if the Lenders are unable so to agree upon a successor within such time
      period, and notify the Collateral Agent during such period of the identity
      of
      the successor collateral agent, the successor collateral agent may be a person
      designated by the Collateral Agent, and any and all fees of such successor
      collateral agent shall be the joint and several obligation of the Lenders.
      The
      Collateral Agent shall continue to serve until the effective date of the
      resignation or until its successor accepts the appointment and receives the
      Collateral held by the Collateral Agent but shall not be obligated to take
      any
      action hereunder. The Collateral Agent may deposit any Collateral with the
      Supreme Court of the State of New York for New York County or any such other
      court in New York State that accepts such Collateral.

    

    9. Exculpation.
      The Collateral Agent and its officers, employees, attorneys and agents, shall
      not incur any liability whatsoever for the holding or delivery of documents
      or
      the taking of any other action in accordance with the terms and provisions
      of
      this Agreement, for any mistake or error in judgment, for compliance with any
      applicable law or any attachment, order or other directive of any court or
      other
      authority (irrespective of any conflicting term or provision of this Agreement),
      or for any act or omission of any other person engaged by the Collateral Agent
      in connection with this Agreement, unless occasioned by the exculpated person's
      own gross negligence or willful misconduct; and each party hereto hereby waives
      any and all claims and actions whatsoever against the Collateral Agent and
      its
      officers, employees, attorneys and agents, arising out of or related directly
      or
      indirectly to any or all of the foregoing acts, omissions and circumstances.
      

    

    10. Indemnification.
      The Lenders hereby agree to indemnify, reimburse and hold harmless the
      Collateral Agent and its directors, officers, employees, attorneys and agents,
      jointly and severally, from and against any and all claims, liabilities, losses
      and expenses that may be imposed upon, incurred by, or asserted against any
      of
      them, arising out of or related directly or indirectly to this Agreement or
      the
      Collateral, except such as are occasioned by the indemnified person's own gross
      negligence or willful misconduct.

    

    11. Miscellaneous.

    

    (a) Rights
      and Remedies Not Waived.
      No act, omission or delay by the Collateral Agent shall constitute a waiver
      of
      the Collateral Agent's rights and remedies hereunder or otherwise. No single
      or
      partial waiver by the Collateral Agent of any default hereunder or right or
      remedy that it may have shall operate as a waiver of any other default, right
      or
      remedy or of the same default, right or remedy on a future
      occasion.

    

    (b) Governing
      Law. This Agreement shall be governed by, and construed in accordance with,
      the laws of the State of New York without regard to conflicts of laws that
      would result in the application of the substantive laws of another
      jurisdiction.

    

    (c) Waiver
      of Jury Trial and Setoff; Consent to Jurisdiction; Etc.

    

    (i) In
      any litigation in any court with respect to, in connection with, or arising
      out
      of this Agreement or any instrument or document delivered pursuant to this
      Agreement, or the validity, protection, interpretation, collection or
      enforcement hereof or thereof, or any other claim or dispute howsoever arising,
      between the Collateral Agent and the Lenders or any Lender, then each Lender,
      to
      the fullest extent it may legally do so, (A) waives the right to interpose
      any
      setoff, recoupment, counterclaim or cross-claim in connection with any such
      litigation, irrespective of the nature of such setoff, recoupment, counterclaim
      or cross-claim, unless such setoff, recoupment, counterclaim or cross-claim
      could not, by reason of any applicable federal or state procedural laws, be
      interposed, pleaded or alleged in any other action; and (B) WAIVES
      TRIAL BY JURY IN CONNECTION WITH ANY SUCH LITIGATION AND ANY RIGHT IT MAY HAVE
      TO CLAIM OR RECOVER IN ANY SUCH LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE
      OR
      CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL
      DAMAGES. EACH LENDER AGREES THAT THIS SECTION 11(c) IS A SPECIFIC AND MATERIAL
      ASPECT OF THIS AGREEMENT AND ACKNOWLEDGE THAT THE COLLATERAL AGENT WOULD NOT
      ENTER THIS AGREEMENT IF THIS SECTION 11(c) WERE NOT PART OF THIS
      AGREEMENT.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (ii) Each
      Lender irrevocably consents to the exclusive jurisdiction of any State or
      Federal Court located within the County of New York, State of New York, in
      connection with any action or proceeding arising out of or relating to this
      Agreement or any document or instrument delivered pursuant to this Agreement
      or
      otherwise. In any such litigation, each Lender waives, to the fullest extent
      it
      may effectively do so, personal service of any summons, complaint or other
      process and agree that the service thereof may be made by certified or
      registered mail directed to such Lender at its address for notice determined
      in
      accordance with Section 11(e) hereof. Each Lender hereby waives, to the fullest
      extent it may effectively do so, the defenses of forum non conveniens and
      improper venue.

    

    (d) Admissibility
      of this Agreement.
      Each of the Lenders agrees that any copy of this Agreement signed by it and
      transmitted by telecopier for delivery to the Collateral Agent shall be
      admissible in evidence as the original itself in any judicial or administrative
      proceeding, whether or not the original is in existence.

    

    (e) Address
      for Notices.
      Any notice or other communication under the provisions of this Agreement shall
      be given in writing and delivered in person, by reputable overnight courier
      or
      delivery service, by facsimile machine (receipt confirmed) with a copy sent
      by
      first class mail on the date of transmissions, or by registered or certified
      mail, return receipt requested, directed to such party’s addresses set forth
      below (or to any new address of which any party hereto shall have informed
      the
      others by the giving of notice in the manner provided herein):

    

    In
      the case of the Collateral Agent, to:

    

    Peter
      Benz

    600
      Montgomery Street, 44th
      Floor

    San
      Francisco, CA 94111

    Fax:
      (415) 981-5301

    

    In
      the case of the Lenders, to:

    

    To
      the address and telecopier number set forth on 

    Schedule
      A hereto.

    

    In
      the case of Debtors, to:

    Hi-Tech
      Wealth Inc.

    Suite
      1503, Sino Plaza

    255-257
      Gloucester Road

    Causeway
      Bay, Hong Kong

    Attn:
      Ma
      Qing, Chief Financial Officer

    Fax:
      +852
      2975 9809

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    With
      an
      additional copy by telecopier only to:

    

    Loeb
      & Loeb, LLP

    345
      Park
      Avenue

    New
      York,
      NY 10154

    Attn:
      Mitchell S. Nussbaum, Esq.

    Fax:
      (212) 202-7829

    

    If
      to Debtor, Lender or Collateral Agent,

    with
      a copy by telecopier only to:

    

    Grushko
      & Mittman, P.C.

    551
      Fifth Avenue, Suite 1601

    New
      York, New York 10176

    Fax:
      (212) 697-3575

    

    (f) Amendments
      and Modification; Additional Lender.
      No provision hereof shall be modified, altered, waived or limited except by
      written instrument expressly referring to this Agreement and to such provision,
      and executed by the parties hereto. Any transferee of a Note who acquires a
      Note
      after the date hereof will become a party hereto by signing the signature page
      and sending an executed copy of this Agreement to the Collateral Agent and
      receiving a signed acknowledgement from the Collateral Agent.

    

    (g) Fee.
      Upon the occurrence of an Event of Default, the Lenders collectively shall
      pay
      the Collateral Agent the sum of $10,000 on account, to apply against an hourly
      fee of $350 to be paid to the Collateral Agent by the Lenders for services
      rendered pursuant to this Agreement. All payments due to the Collateral Agent
      under this Agreement including reimbursements must be paid when billed. The
      Collateral Agent may refuse to act on behalf of or make a distribution to any
      Lender who is not current in payments to the Collateral Agent. Payments required
      pursuant to this Agreement shall be pari passu
      to the Lenders' interests in the Notes. The Collateral Agent is hereby
      authorized to deduct any sums due the Collateral Agent from Collateral in the
      Collateral Agent's possession.

    

    (h) Counterparts/Execution.
      This Agreement may be executed in any number of counterparts and by the
      different signatories hereto on separate counterparts, each of which, when
      so
      executed, shall be deemed an original, but all such counterparts shall
      constitute but one and the same instrument. This Agreement may be executed
      by
      facsimile signature and delivered by facsimile transmission.

    

    (i) Successors
      and Assigns.
      Whenever in this Agreement reference is made to any party, such reference shall
      be deemed to include the successors, assigns, heirs and legal representatives
      of
      such party. No party hereto may transfer any rights under this Agreement, unless
      the transferee agrees to be bound by, and comply with all of the terms and
      provisions of this Agreement, as if an original signatory hereto on the date
      hereof.

    

    (j) Captions:
      Certain Definitions.
      The captions of the various sections and paragraphs of this Agreement have
      been
      inserted only for the purposes of convenience; such captions are not a part
      of
      this Agreement and shall not be deemed in any manner to modify, explain, enlarge
      or restrict any of the provisions of this Agreement. As used in this Agreement
      the term "person"
      shall mean and include an individual, a partnership, a joint venture, a
      corporation, a limited liability company, a trust, an unincorporated
      organization and a government or any department or agency thereof.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    (k) Severability.
      In the event that any term or provision of this Agreement shall be finally
      determined to be superseded, invalid, illegal or otherwise unenforceable
      pursuant to applicable law by an authority having jurisdiction and venue, that
      determination shall not impair or otherwise affect the validity, legality or
      enforceability (i) by or before that authority of the remaining terms and
      provisions of this Agreement, which shall be enforced as if the unenforceable
      term or provision were deleted, or (ii) by or before any other authority of
      any
      of the terms and provisions of this Agreement.

    

    (l) Entire
      Agreement.
      This Agreement contains the entire agreement of the parties and supersedes
      all
      other agreements and understandings, oral or written, with respect to the
      matters contained herein.

    

    (m) Schedules.
      The Collateral Agent is authorized to annex hereto any schedules referred to
      herein.

    

    

    

    [THIS
      SPACE INTENTIONALLY LEFT BLANK]

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Collateral Agent Agreement
      to be signed, by their respective duly authorized officers or directly, as
      of
      the date first written above.

    

    “LENDERS”

    

    

      
        	
                                                                                                              
                  

              	 	
                
                                                                                                                
                    

                

              
	
                LONGVIEW
                  FUND, LP

              	 	
                BASSO
                  MULTI-STRATEGY HOLDING FUND LTD.

              
	 	 	
                 
                  

              
	 	 	 
	 	 	 
	
                
                  
                                                                                                                  
                      

                  

                

              	 	
                
                                                                                                                
                    

                

              
	
                BASSO
                  FUND LTD.

              	 	
                IROQUOIS
                  MASTER FUND LTD.

              
	 	 	 
	 	 	 
	 	 	 
	
                
                  
                                                                                                                  
                      

                  

                

              	 	
                
                                                                                                                
                    

                

              
	
                GRAHAM
                  PARTNERS, LP

              	 	
                INSIGNIA
                  PARTNERS LP

              
	 	 	 
	 	 	 
	 	 	 
	
                
                                                                                                                
                    

                

              	 	
                
                                                                                                                
                    

                

              
	
                NORTHWOOD
                  CAPITAL PARTNERS, LP

              	 	
                ALPHA
                  CAPITAL ANSTALT

              
	 	 	 
	 	 	 
	 	 	 
	 	 	
                
                                                                                                                
                    

                

              
	 	 	
                PETER
                  BENZ - Collateral Agent

              

      

    

     

     

    Acknowledged:

    

    HI-TECH
      WEALTH INC.

    

     

    By:                                                                                                  

    Name:

    Title:

    

    “GUARANTOR”

    BEIHAI
      HI-TECH WEALTH TECHNOLOGY

    DEVELOPMENT
      CO., LTD.

    A
      company organized under the laws of the

    People’s
      Republic of China

    

    By:                                                                                                 

    Its:                                                                                               
      

     

     

    
 

    This
      Collateral Agent Agreement may be signed by facsimile signature and delivered
      by
      confirmed facsimile transmission.

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    SCHEDULE
      A TO COLLATERAL AGENT AGREEMENT

    

    
      	
              LENDER

            	
              PRINCIPAL
                AMOUNT OF NOTE TO BE ISSUED ON CLOSING DATE

            	
              PRINCIPAL
                AMOUNT OF NOTE TO BE ISSUED ON SUBSEQUENT ISSUANCE CLOSING
                DATE

            
	
              LONGVIEW
                FUND, LP

              600
                Montgomery Street, 44th Floor

              San
                Francisco, CA 94111

              Fax:
                (415) 981-5301

            	
              $2,925,000.00

            	
              $2,925,000.00

            
	
              BASSO
                MULTI-STRATEGY HOLDING FUND LTD.

              A
                Cayman Islands Exempted Company

              c/o
                M&C Corporate Services

              Box
                309 GT, Ugland House

              South
                Church Street, George Town

              Grand
                Cayman, Cayman Islands

              Fax:
                (203) 352-6193

            	
              $850,000.00

            	
              $850,000.00

            
	
              BASSO
                FUND LTD.

              A
                Cayman Islands Exempted Company

              c/o
                M&C Corporate Services

              Box
                309 GT, Ugland House

              South
                Church Street, George Town

              Grand
                Cayman, Cayman Islands

              Fax:
                (203) 352-6193

            	
              $150,000.00

            	
              $150,000.00

            
	
              IROQUOIS
                MASTER FUND LTD.

              641
                Lexington Avenue, 26th
                Floor

              New
                York, NY 10022

              Fax:
                (212) 207-3452

            	
              $375,000.00

            	
              $375,000.00

            
	
              GRAHAM
                PARTNERS, LP

              666
                Fifth Avenue, 37th
                Floor

              New
                York, NY 10103

              Fax:
                (212) 808-7431

            	
              $200,000.00

            	
              $200,000.00

            
	
              INSIGNIA
                PARTNERS, LP

              1150
                First Avenue, Suite 600

              King
                of Prussia, PA 19406

              Fax:
                (610) 783-4788

            	
              $150,000.00

            	
              $150,000.00

            
	
              NORTHWOOD
                CAPITAL PARTNERS, LP

              1150
                First Avenue, Suite 600

              King
                of Prussia, PA 19406

              Fax:
                (610) 783-4788

            	
              $150,000.00

            	
              $150,000.00

            
	
              ALPHA
                CAPITAL ANSTALT

              Pradafant
                7

              9490
                Furstentums

              Vaduz,
                Lichtenstein

              Fax:
                011-42-32323196

            	
              $200,000.00

            	
              $200,000.00

            
	
              TOTAL

            	
              $5,000,000.00

            	
              $5,000,000.00

            

    

    

    
      
         

      

      
        9

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