Document:

Exhibit 4.4

                                  CINTEL CORP.
                            PLACEMENT AGENT AGREEMENT

                                                     Dated as of: August 4, 2004

Newbridge Securities Corporation
1451 Cypress Creek Road, Suite 204
Fort Lauderdale, Florida 33309

Ladies and Gentlemen:

         The  undersigned,  CinTel Corp., a Nevada  corporation (the "Company"),
hereby agrees with Newbridge Securities  Corporation (the "Placement Agent") and
Cornell Capital Partners,  LP, a Delaware Limited  Partnership (the "Investor"),
as follows:

         1. Offering.  The Company hereby engages the Placement  Agent to act as
its exclusive placement agent in connection with the Standby Equity Distribution
Agreement dated the date hereof (the "Standby Equity  Distribution  Agreement"),
pursuant to which the Company shall issue and sell to the Investor, from time to
time, and the Investor  shall  purchase from the Company (the  "Offering") up to
Five  Million  U.S.  Dollars  ($5,000,000)  of the  Company's  common stock (the
"Commitment Amount"), par value US$.001 per share (the "Common Stock"), at price
per share equal to the  Purchase  Price,  as that term is defined in the Standby
Equity  Distribution  Agreement.  The Placement  Agent services shall consist of
reviewing the terms of the Standby  Equity  Distribution  Agreement and advising
the Company with respect to those terms.

         All  capitalized  terms used herein and not  otherwise  defined  herein
shall  have  the  same  meaning  ascribed  to  them  as in  the  Standby  Equity
Distribution Agreement. The Investor will be granted certain registration rights
with  respect  to the Common  Stock as more fully set forth in the  Registration
Rights Agreement between the Company and the Investor dated the date hereof (the
"Registration Rights Agreement").  The documents to be executed and delivered in
connection  with the  Offering,  including,  but not limited,  to the  Company's
latest  Quarterly  Report  on Form  10-QSB  as  filed  with  the  United  States
Securities  and  Exchange  Commission,   this  Agreement,   the  Standby  Equity
Distribution  Agreement,  the  Registration  Rights  Agreement,  and the  Escrow
Agreement  dated the date  hereof  (the  "Escrow  Agreement"),  are  referred to
sometimes  hereinafter  collectively as the "Offering  Materials." The Company's
Common Stock  purchased by the Investor  hereunder or to be issued in connection
with the conversion of any  debentures are sometimes  referred to hereinafter as
the  "Securities."  The  Placement  Agent  shall  not be  obligated  to sell any
Securities.

         2. Compensation.

                  A. Upon the  execution of this  Agreement,  the Company  shall
issue to the  Placement  Agent or its designee  shares of the  Company's  Common
Stock in an amount equal to Ten Thousand U.S. Dollars (US$10,000) divided by the

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volume  weighted  average  price of the  Company's  Common  Stock,  as quoted by
Bloomberg,  LP,  on the  date  hereof  (the  "Placement  Agent's  Shares").  The
Placement Agent shall be entitled to  "piggy-back"  registration  rights,  which
shall be  triggered  upon  registration  of any  shares of  Common  Stock by the
Investor  with  respect  to  the  Placement   Agent's  Shares  pursuant  to  the
Registration Rights Agreement dated the date hereof.

         3. Representations, Warranties and Covenants of the Placement Agent.

                  A. The Placement Agent  represents,  warrants and covenants as
follows:

                           (i) The Placement  Agent has the  necessary  power to
enter  into this  Agreement  and to  consummate  the  transactions  contemplated
hereby.

                           (ii) The  execution  and  delivery  by the  Placement
Agent of this Agreement and the  consummation of the  transactions  contemplated
herein  will  not  result  in any  violation  of,  or be in  conflict  with,  or
constitute a default  under,  any agreement or instrument to which the Placement
Agent is a party or by which the Placement Agent or its properties are bound, or
any judgment, decree, order or, to the Placement Agent's knowledge, any statute,
rule or regulation  applicable  to the  Placement  Agent.  This  Agreement  when
executed and delivered by the Placement Agent, will constitute the legal,  valid
and binding  obligations of the Placement Agent,  enforceable in accordance with
their respective terms, except to the extent that (a) the enforceability  hereof
or thereof may be limited by bankruptcy, insolvency, reorganization,  moratorium
or  similar  laws  from  time to time in  effect  and  affecting  the  rights of
creditors  generally,  (b) the  enforceability  hereof or  thereof is subject to
general  principles of equity, or (c) the  indemnification  provisions hereof or
thereof may be held to be in violation of public policy.

                           (iii) Upon receipt and  execution of this  Agreement,
the  Placement  Agent will  promptly  forward  copies of this  Agreement  to the
Company or its counsel and the Investor or its counsel.

                           (iv) The Placement Agent will not intentionally  take
any action that it reasonably  believes  would cause the Offering to violate the
provisions  of the  Securities  Act of 1933,  as amended (the "1933  Act"),  the
Securities  Exchange  Act of 1934 (the "1934  Act"),  the  respective  rules and
regulations  promulgated  thereunder (the "Rules and Regulations") or applicable
"Blue Sky" laws of any state or jurisdiction.

                           (v) The  Placement  Agent is a member of the National
Association of Securities  Dealers,  Inc., and is a broker-dealer  registered as
such under the 1934 Act and under the securities laws of the states in which the
Securities  will be offered or sold by the  Placement  Agent unless an exemption
for such state  registration is available to the Placement  Agent. The Placement
Agent is in material compliance with the rules and regulations applicable to the
Placement Agent generally and applicable to the Placement Agent's  participation
in the Offering.

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         4. Representations and Warranties of the Company.

                  A. The Company represents and warrants as follows:

                           (i) The execution,  delivery and  performance of each
of this  Agreement,  the  Standby  Equity  Distribution  Agreement,  the  Escrow
Agreement,  and the  Registration  Rights Agreement has been or will be duly and
validly authorized by the Company and is, or with respect to this Agreement, the
Standby  Equity   Distribution   Agreement,   the  Escrow  Agreement,   and  the
Registration  Rights  Agreement,  will be a valid and binding  agreement  of the
Company,  enforceable  in accordance  with its respective  terms,  except to the
extent  that  (a)  the  enforceability  hereof  or  thereof  may be  limited  by
bankruptcy, insolvency, reorganization,  moratorium or similar laws from time to
time in  effect  and  affecting  the  rights  of  creditors  generally,  (b) the
enforceability  hereof or thereof is subject to general  principles of equity or
(c)  the  indemnification  provisions  hereof  or  thereof  may be held to be in
violation  of  public  policy.  The  Securities  to be  issued  pursuant  to the
transactions  contemplated by this Agreement and the Standby Equity Distribution
Agreement have been duly  authorized and, when issued and paid for in accordance
with  this  Agreement,   the  Standby  Equity  Distribution  Agreement  and  the
certificates/instruments representing such Securities, will be valid and binding
obligations  of the Company,  enforceable  in accordance  with their  respective
terms,  except to the extent that (1) the enforceability  thereof may be limited
by bankruptcy, insolvency, reorganization,  moratorium or similar laws from time
to time in effect and affecting the rights of creditors  generally,  and (2) the
enforceability thereof is subject to general principles of equity. All corporate
action  required  to be taken for the  authorization,  issuance  and sale of the
Securities has been duly and validly taken by the Company.

                           (ii) The  Company has a duly  authorized,  issued and
outstanding  capitalization  as set  forth  herein  and in  the  Standby  Equity
Distribution  Agreement.  The  Company  is  not a  party  to  or  bound  by  any
instrument, agreement or other arrangement providing for it to issue any capital
stock, rights, warrants, options or other securities, except for this Agreement,
the  agreements  described  herein  and  as  described  in  the  Standby  Equity
Distribution  Agreement,  dated the date  hereof  and the  agreements  described
therein.  All issued and outstanding  securities of the Company,  have been duly
authorized and validly issued and are fully paid and non-assessable; the holders
thereof have no rights of rescission or preemptive  rights with respect  thereto
and are not subject to  personal  liability  solely by reason of being  security
holders;  and none of such securities were issued in violation of the preemptive
rights of any holders of any security of the Company.

                           (iii) The  Common  Stock to be  issued in  accordance
with this Agreement and the Standby Equity Distribution  Agreement has been duly
authorized and, when issued and paid for in accordance with this Agreement,  the
Standby  Equity  Distribution  Agreement  and the  Compensation  Debenture,  the
certificates/instruments  representing such Common Stock will be validly issued,
fully-paid  and  non-assessable;  the  holders  thereof  will not be  subject to
personal  liability solely by reason of being such holders;  such Securities are
not and will not be  subject  to the  preemptive  rights  of any  holder  of any
security of the Company.

                           (iv) The Company has good and marketable title to, or
valid and  enforceable  leasehold  estates  in,  all items of real and  personal
property necessary to conduct its business (including,  without limitation,  any

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real or personal property stated in the Offering Materials to be owned or leased
by the Company),  free and clear of all liens,  encumbrances,  claims,  security
interests and defects of any material  nature  whatsoever,  other than those set
forth in the Offering Materials and liens for taxes not yet due and payable.

                           (v) There is no litigation or governmental proceeding
pending  or, to the best of the  Company's  knowledge,  threatened  against,  or
involving the properties or business of the Company,  except as set forth in the
Offering Materials.

                           (vi) The  Company  has  been  duly  organized  and is
validly  existing as a corporation  in good standing under the laws of the State
of Nevada.  Except as set forth in the Offering Materials,  the Company does not
own or control,  directly or indirectly,  an interest in any other  corporation,
partnership,  trust, joint venture or other business entity. The Company is duly
qualified  or licensed  and in good  standing as a foreign  corporation  in each
jurisdiction   in  which  the   character  of  its   operations   requires  such
qualification or licensing and where failure to so qualify would have a material
adverse effect on the Company. The Company has all requisite corporate power and
authority,  and all material and necessary  authorizations,  approvals,  orders,
licenses,  certificates  and  permits  of and from all  governmental  regulatory
officials  and bodies  (domestic  and  foreign) to conduct its  businesses  (and
proposed  business) as described in the Offering  Materials.  Any disclosures in
the Offering  Materials  concerning the effects of foreign,  federal,  state and
local  regulation  on the  Company's  businesses  as currently  conducted and as
contemplated  are correct in all  material  respects  and do not omit to state a
material fact.  The Company has all corporate  power and authority to enter into
this Agreement,  the Standby Equity  Distribution  Agreement,  the  Registration
Rights  Agreement,  and the Escrow  Agreement,  to carry out the  provisions and
conditions hereof and thereof, and all consents,  authorizations,  approvals and
orders  required in connection  herewith and therewith  have been  obtained.  No
consent,  authorization  or order of, and no filing with, any court,  government
agency  or  other  body is  required  by the  Company  for the  issuance  of the
Securities  or  execution  and  delivery of the  Offering  Materials  except for
applicable federal and state securities laws. The Company,  since its inception,
has not incurred any liability  arising under or as a result of the  application
of any of the  provisions  of the  1933  Act,  the  1934  Act or the  Rules  and
Regulations.

                           (vii)  There has been no material  adverse  change in
the  condition or prospects of the  Company,  financial or  otherwise,  from the
latest dates as of which such  condition  or  prospects,  respectively,  are set
forth in the Offering Materials,  and the outstanding debt, the property and the
business of the Company  conform in all  material  respects to the  descriptions
thereof contained in the Offering Materials.

                           (viii) Except as set forth in the Offering Materials,
the Company is not in breach of, or in default  under,  any term or provision of
any material  indenture,  mortgage,  deed of trust, lease, note, loan or Standby
Equity  Distribution  Agreement or any other  material  agreement or  instrument
evidencing an obligation for borrowed money, or any other material  agreement or
instrument to which it is a party or by which it or any of its properties may be
bound or  affected.  The Company is not in  violation  of any  provision  of its
charter or by-laws or in violation of any franchise,  license, permit, judgment,
decree or order,  or in violation of any material  statute,  rule or regulation.
Neither the  execution  and delivery of the Offering  Materials nor the issuance
and sale or  delivery  of the  Securities,  nor the  consummation  of any of the
transactions  contemplated  in the Offering  Materials nor the compliance by the

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Company with the terms and provisions hereof or thereof,  has conflicted with or
will conflict with, or has resulted in or will result in a breach of, any of the
terms and provisions of, or has  constituted or will constitute a default under,
or has  resulted in or will result in the  creation or  imposition  of any lien,
charge or encumbrance  upon any property or assets of the Company or pursuant to
the terms of any indenture,  mortgage,  deed of trust,  note,  loan or any other
agreement or  instrument  evidencing an obligation  for borrowed  money,  or any
other  agreement or instrument to which the Company may be bound or to which any
of the  property  or assets of the  Company  is  subject  except  (a) where such
default, lien, charge or encumbrance would not have a material adverse effect on
the Company and (b) as described in the Offering Materials; nor will such action
result in any  violation of the  provisions of the charter or the by-laws of the
Company  or,  assuming  the  due  performance  by  the  Placement  Agent  of its
obligations  hereunder,  any  material  statute or any material  order,  rule or
regulation  applicable  to the Company of any court or of any foreign,  federal,
state or other regulatory authority or other government body having jurisdiction
over the Company.

                           (ix) Subsequent to the dates as of which  information
is given in the Offering Materials,  and except as may otherwise be indicated or
contemplated  herein or  therein  and the  securities  offered  pursuant  to the
Securities  Purchase  Agreement  dated the date hereof,  the Company has not (a)
issued any  securities  or  incurred  any  liability  or  obligation,  direct or
contingent,  for borrowed money, or (b) entered into any transaction  other than
in the ordinary course of business, or (c) declared or paid any dividend or made
any  other  distribution  on or in  respect  of its  capital  stock.  Except  as
described in the Offering Materials,  the Company has no outstanding obligations
to any officer or director of the Company.

                           (x) There are no claims for services in the nature of
a finder's or  origination  fee with  respect to the sale of the Common Stock or
any  other  arrangements,  agreements  or  understandings  that may  affect  the
Placement  Agent's  compensation,  as determined by the National  Association of
Securities Dealers, Inc.

                           (xi) The Company owns or possesses, free and clear of
all liens or  encumbrances  and rights thereto or therein by third parties,  the
requisite  licenses  or  other  rights  to use all  trademarks,  service  marks,
copyrights,  service  names,  trade  names,  patents,  patent  applications  and
licenses necessary to conduct its business (including,  without limitation,  any
such  licenses or rights  described in the Offering  Materials as being owned or
possessed by the Company)  and,  except as set forth in the Offering  Materials,
there is no claim or action by any person pertaining to, or proceeding,  pending
or threatened, which challenges the exclusive rights of the Company with respect
to any  trademarks,  service  marks,  copyrights,  service  names,  trade names,
patents,  patent  applications and licenses used in the conduct of the Company's
businesses (including, without limitation, any such licenses or rights described
in the Offering Materials as being owned or possessed by the Company) except any
claim or action that would not have a material  adverse  effect on the  Company;
the Company's  current  products,  services or processes do not infringe or will
not infringe on the patents currently held by any third party.

                           (xii) Except as described in the Offering  Materials,
the Company is not under any  obligation  to pay  royalties  or fees of any kind
whatsoever  to any third party with respect to any  trademarks,  service  marks,
copyrights,  service names, trade names, patents, patent applications,  licenses

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or technology it has developed, uses, employs or intends to use or employ, other
than to their respective licensors.

                           (xiii)  Subject to the  performance  by the Placement
Agent  of its  obligations  hereunder  the  offer  and  sale  of the  Securities
complies,  and will  continue  to  comply,  in all  material  respects  with the
requirements  of Rule 506 of Regulation D promulgated by the SEC pursuant to the
1933 Act and any other applicable federal and state laws, rules, regulations and
executive orders. Neither the Offering Materials nor any amendment or supplement
thereto  nor any  documents  prepared  by the  Company  in  connection  with the
Offering  will contain any untrue  statement of a material fact or omit to state
any  material  fact  required  to be stated  therein  or  necessary  to make the
statements  therein,  in light of the circumstances  under which they were made,
not misleading.  All statements of material facts in the Offering  Materials are
true and correct as of the date of the Offering Materials.

                           (xiv) All  material  taxes  which are due and payable
from the Company have been paid in full or adequate  provision has been made for
such taxes on the books of the Company,  except for those taxes disputed in good
faith by the Company

                           (xv)  None of the  Company  nor any of its  officers,
directors,  employees or agents,  nor any other  person  acting on behalf of the
Company, has, directly or indirectly, given or agreed to give any money, gift or
similar benefit (other than legal price concessions to customers in the ordinary
course of business) to any customer,  supplier,  employee or agent of a customer
or   supplier,   or  official  or  employee  of  any   governmental   agency  or
instrumentality  of any government  (domestic or foreign) or any political party
or candidate  for office  (domestic or foreign) or other person who is or may be
in a position  to help or hinder the  business  of the  Company (or assist it in
connection with any actual or proposed  transaction) which (A) might subject the
Company  to any  damage  or  penalty  in any  civil,  criminal  or  governmental
litigation  or  proceeding,  or (B) if not given in the past,  might  have had a
materially  adverse effect on the assets,  business or operations of the Company
as  reflected  in any of the  financial  statements  contained  in the  Offering
Materials,  or (C) if not continued in the future,  might  adversely  affect the
assets, business, operations or prospects of the Company in the future.

         5. Representations, Warranties and Covenants of the Investor.

                  A. The Investor represents, warrants and covenants as follows:

                           (i) The  Investor  has the  necessary  power to enter
into this Agreement and to consummate the transactions contemplated hereby.

                           (ii) The  execution  and  delivery by the Investor of
this Agreement and the consummation of the transactions contemplated herein will
not result in any violation of, or be in conflict  with, or constitute a default
under,  any agreement or instrument to which the Investor is a party or by which
the Investor or its properties are bound, or any judgment,  decree, order or, to
the  Investor's  knowledge,  any statute,  rule or regulation  applicable to the
Investor.  This  Agreement  when executed and  delivered by the  Investor,  will
constitute the legal, valid and binding obligations of the Investor, enforceable
in accordance  with their  respective  terms,  except to the extent that (a) the
enforceability  hereof or  thereof  may be limited  by  bankruptcy,  insolvency,

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reorganization,  moratorium  or  similar  laws from  time to time in effect  and
affecting the rights of creditors  generally,  (b) the enforceability  hereof or
thereof is subject to general  principles of equity, or (c) the  indemnification
provisions hereof or thereof may be held to be in violation of public policy.

                           (iii) The Investor  will promptly  forward  copies of
any  and  all due  diligence  questionnaires  compiled  by the  Investor  to the
Placement Agent.

                           (iv)  The  Investor  is an  Accredited  Investor  (as
defined under the 1933 Act).

                           (v) The Investor is acquiring the  Securities for the
Inventor's own account as principal,  not as a nominee or agent,  for investment
purposes  only,  and  not  with a view  to,  or  for,  resale,  distribution  or
fractionalization  thereof in whole or in part and no other  person has a direct
or indirect beneficial interest in such Securities.  Further,  the Investor does
not have any contract, undertaking,  agreement or arrangement with any person to
sell,  transfer or grant  participations  to such person or to any third person,
with respect to any of the Securities.

                           (vi)  The  Investor   acknowledges   the   Investor's
understanding  that the  offering and sale of the  Securities  is intended to be
exempt  from  registration  under the 1933 Act by virtue of Section  3(b) of the
1933 Act and the provisions of Regulation D promulgated thereunder  ("Regulation
D"). In furtherance thereof, the Investor represents and warrants as follows:

                                    (a) The Investor has the  financial  ability
to bear the economic risk of the Investor's  investment,  has adequate means for
providing for the Inventor's current needs and personal contingencies and has no
need for liquidity with respect to the Investor's investment in the Company; and

                                    (b) The  Investor  has  such  knowledge  and
experience in financial and business  matters as to be capable of evaluating the
merits and risks of the prospective investment.  The Inventor also represents it
has not been organized for the purpose of acquiring the Securities.

                           (vii) The Investor has been given the opportunity for
a  reasonable  time prior to the date  hereof to ask  questions  of, and receive
answers  from,  the  Company  or its  representatives  concerning  the terms and
conditions of the Offering, and other matters pertaining to this investment, and
has been given the opportunity for a reasonable time prior to the date hereof to
obtain such  additional  information in connection with the Company in order for
the Investor to evaluate the merits and risks of purchase of the Securities,  to
the extent the  Company  possesses  such  information  or can acquire it without
unreasonable  effort or expense.  The  Investor is not relying on the  Placement
Agent or any of its affiliates  with respect to the accuracy or  completeness of
the  Offering  Materials  or for any  economic  considerations  involved in this
investment.

         6. Certain Covenants and Agreements of the Company.

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         The Company covenants and agrees at its expense and without any expense
to the Placement Agent as follows:

                  A. To  advise  the  Placement  Agent and the  Investor  of any
material  adverse  change in the  Company's  financial  condition,  prospects or
business or of any  development  materially  affecting  the Company or rendering
untrue or misleading any material statement in the Offering Materials  occurring
at any time as soon as the Company is either informed or becomes aware thereof.

                  B. To use its  commercially  reasonable  efforts  to cause the
Common  Stock  issuable  in  connection  with the  Standby  Equity  Distribution
Agreement to be qualified or registered for sale on terms  consistent with those
stated in the  Registration  Rights  Agreement and under the securities  laws of
such  jurisdictions  as the Placement  Agent and the Investor  shall  reasonably
request. Qualification,  registration and exemption charges and fees shall be at
the sole cost and expense of the Company.

                  C. Upon  written  request,  to provide and continue to provide
the  Placement  Agent  and  the  Investor  copies  of  all  quarterly  financial
statements and audited annual financial  statements  prepared by or on behalf of
the Company,  other  reports  prepared by or on behalf of the Company for public
disclosure and all documents delivered to the Company's stockholders.

                  D. To deliver,  during the registration  period of the Standby
Equity  Distribution  Agreement,  to the Investor upon the  Investor's  request,
within forty five (45) days,  a statement of its income for each such  quarterly
period, and its balance sheet and a statement of changes in stockholders' equity
as of the end of such quarterly period, all in reasonable  detail,  certified by
its  principal  financial or  accounting  officer;  (ii) within ninety (90) days
after the close of each fiscal year,  its balance  sheet as of the close of such
fiscal  year,  together  with a statement  of income,  a statement of changes in
stockholders'  equity and a statement  of cash flow for such fiscal  year,  such
balance sheet, statement of income, statement of changes in stockholders' equity
and statement of cash flow to be in reasonable  detail and accompanied by a copy
of the  certificate  or  report  thereon  of  independent  auditors  if  audited
financial  statements are prepared;  and (iii) a copy of all documents,  reports
and information  furnished to its  stockholders at the time that such documents,
reports and information are furnished to its stockholders.

                  E. To comply with the terms of the Offering Materials.

                  F. To  ensure  that any  transactions  between  or  among  the
Company,  or any of its  officers,  directors  and  affiliates  be on terms  and
conditions  that  are no less  favorable  to the  Company,  than the  terms  and
conditions  that would be available  in an "arm's  length"  transaction  with an
independent third party.

         7. Indemnification and Limitation of Liability.

                  A. The Company  hereby agrees that it will  indemnify and hold
the  Placement  Agent  and each  officer,  director,  shareholder,  employee  or
representative of the Placement Agent and each person controlling, controlled by
or under common  control with the Placement  Agent within the meaning of Section
15 of the  1933  Act or  Section  20 of the  1934  Act or the  SEC's  Rules  and

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Regulations promulgated thereunder (the "Rules and Regulations"),  harmless from
and  against  any  and all  loss,  claim,  damage,  liability,  cost or  expense
whatsoever (including, but not limited to, any and all reasonable legal fees and
other  expenses and  disbursements  incurred in connection  with  investigating,
preparing to defend or defending any action,  suit or proceeding,  including any
inquiry or investigation, commenced or threatened, or any claim whatsoever or in
appearing  or  preparing  for  appearance  as a witness in any  action,  suit or
proceeding,  including any inquiry, investigation or pretrial proceeding such as
a deposition)  to which the Placement  Agent or such  indemnified  person of the
Placement  Agent may become  subject under the 1933 Act, the 1934 Act, the Rules
and Regulations, or any other federal or state law or regulation,  common law or
otherwise,  arising  out of or based  upon (i) any untrue  statement  or alleged
untrue  statement  of a  material  fact  contained  in  (a)  Section  4 of  this
Agreement,  (b) the Offering Materials (except those written statements relating
to the Placement Agent given by the Placement Agent for inclusion therein),  (c)
any  application  or other  document  or written  communication  executed by the
Company or based upon written information  furnished by the Company filed in any
jurisdiction  in order to qualify  the Common  Stock under the  securities  laws
thereof,  or any state  securities  commission  or agency;  (ii) the omission or
alleged omission from documents  described in clauses (a), (b) or (c) above of a
material fact required to be stated  therein or necessary to make the statements
therein not  misleading;  or (iii) the breach of any  representation,  warranty,
covenant or agreement made by the Company in this Agreement. The Company further
agrees that upon demand by an  indemnified  person,  at any time or from time to
time, it will promptly  reimburse such indemnified  person for any loss,  claim,
damage,  liability,  cost  or  expense  actually  and  reasonably  paid  by  the
indemnified  person as to which the Company has indemnified such person pursuant
hereto.  Notwithstanding  the foregoing  provisions of this Paragraph  7(A), any
such payment or reimbursement by the Company of fees,  expenses or disbursements
incurred by an indemnified person in any proceeding in which a final judgment by
a court of competent  jurisdiction  (after all appeals or the expiration of time
to appeal) is entered  against the Placement  Agent or such  indemnified  person
based upon specific finding of fact that the Placement Agent or such indemnified
person's gross negligence or willful  misfeasance will be promptly repaid to the
Company.

                  B. The Placement  Agent hereby  agrees that it will  indemnify
and hold the  Company  and each  officer,  director,  shareholder,  employee  or
representative  of the Company,  and each person  controlling,  controlled by or
under common  control  with the Company  within the meaning of Section 15 of the
1933 Act or  Section 20 of the 1934 Act or the Rules and  Regulations,  harmless
from and against any and all loss,  claim,  damage,  liability,  cost or expense
whatsoever (including, but not limited to, any and all reasonable legal fees and
other  expenses and  disbursements  incurred in connection  with  investigating,
preparing to defend or defending any action,  suit or proceeding,  including any
inquiry or investigation, commenced or threatened, or any claim whatsoever or in
appearing  or  preparing  for  appearance  as a witness in any  action,  suit or
proceeding,  including any inquiry, investigation or pretrial proceeding such as
a deposition) to which the Company or such indemnified person of the Company may
become subject under the 1933 Act, the 1934 Act, the Rules and  Regulations,  or
any other federal or state law or regulation,  common law or otherwise,  arising
out of or based upon (i) the material  breach of any  representation,  warranty,
covenant or agreement made by the Placement Agent in this Agreement, or (ii) any
false or misleading information provided to the Company in writing by one of the
Placement Agent's indemnified persons specifically for inclusion in the Offering
Materials.

                                       9
<PAGE>

                  C. The Investor  hereby agrees that it will indemnify and hold
the  Placement  Agent  and each  officer,  director,  shareholder,  employee  or
representative of the Placement Agent, and each person  controlling,  controlled
by or under  common  control  with the  Placement  Agent  within the  meaning of
Section  15 of the 1933 Act or  Section  20 of the  1934  Act or the  Rules  and
Regulations,  harmless  from  and  against  any and  all  loss,  claim,  damage,
liability,  cost or expense whatsoever  (including,  but not limited to, any and
all  reasonable  legal fees and other  expenses  and  disbursements  incurred in
connection with investigating, preparing to defend or defending any action, suit
or proceeding, including any inquiry or investigation,  commenced or threatened,
or any claim whatsoever or in appearing or preparing for appearance as a witness
in any action,  suit or  proceeding,  including  any inquiry,  investigation  or
pretrial  proceeding  such as a deposition) to which the Placement Agent or such
indemnified person of the Placement Agent may become subject under the 1933 Act,
the 1934 Act, the Rules and  Regulations,  or any other  federal or state law or
regulation,  common  law or  otherwise,  arising  out of or  based  upon (i) the
conduct of the Investor or its  officers,  employees or  representatives  in its
acting  as the  Investor  for the  Offering,  (ii) the  material  breach  of any
representation,  warranty,  covenant or  agreement  made by the  Investor in the
Offering Materials, or (iii) any false or misleading information provided to the
Placement Agent by one of the Investor's indemnified persons.

                  D. The Placement  Agent hereby  agrees that it will  indemnify
and hold the  Investor  and each  officer,  director,  shareholder,  employee or
representative of the Investor,  and each person  controlling,  controlled by or
under common  control with the Investor  within the meaning of Section 15 of the
1933 Act or  Section 20 of the 1934 Act or the Rules and  Regulations,  harmless
from and against any and all loss,  claim,  damage,  liability,  cost or expense
whatsoever (including, but not limited to, any and all reasonable legal fees and
other  expenses and  disbursements  incurred in connection  with  investigating,
preparing to defend or defending any action,  suit or proceeding,  including any
inquiry or investigation, commenced or threatened, or any claim whatsoever or in
appearing  or  preparing  for  appearance  as a witness in any  action,  suit or
proceeding,  including any inquiry, investigation or pretrial proceeding such as
a deposition) to which the Investor or such  indemnified  person of the Investor
may become subject under the 1933 Act, the 1934 Act, the Rules and  Regulations,
or any  other  federal  or state law or  regulation,  common  law or  otherwise,
arising  out of or  based  upon  the  material  breach  of  any  representation,
warranty, covenant or agreement made by the Placement Agent in this Agreement.

                  E. Promptly after receipt by an indemnified party of notice of
commencement  of any action covered by Section 7(A),  (B), (C) or (D), the party
to be indemnified shall,  within five (5) business days, notify the indemnifying
party of the commencement  thereof; the omission by one (1) indemnified party to
so notify the indemnifying party shall not relieve the indemnifying party of its
obligation to indemnify any other  indemnified  party that has given such notice
and shall not relieve the  indemnifying  party of any liability  outside of this
indemnification  if not  materially  prejudiced  thereby.  In the event that any
action is brought against the indemnified  party, the indemnifying party will be
entitled to participate  therein and, to the extent it may desire, to assume and
control  the  defense  thereof  with  counsel  chosen by it which is  reasonably
acceptable to the indemnified party. After notice from the indemnifying party to
such  indemnified  party of its election to so assume the defense  thereof,  the
indemnifying  party  will not be liable to such  indemnified  party  under  such
Section  7(A),  (B),  (C), or (D) for any legal or other  expenses  subsequently

                                       10
<PAGE>

incurred by such indemnified  party in connection with the defense thereof,  but
the  indemnified  party may, at its own expense,  participate in such defense by
counsel  chosen by it,  without,  however,  impairing the  indemnifying  party's
control  of  the  defense.   Subject  to  the  proviso  of  this   sentence  and
notwithstanding  any other  statement  to the  contrary  contained  herein,  the
indemnified  party or  parties  shall  have the right to choose its or their own
counsel  and  control  the  defense  of any  action,  all at the  expense of the
indemnifying  party  if (i) the  employment  of such  counsel  shall  have  been
authorized in writing by the  indemnifying  party in connection with the defense
of  such  action  at  the  expense  of  the  indemnifying  party,  or  (ii)  the
indemnifying  party shall not have employed counsel  reasonably  satisfactory to
such  indemnified  party to have charge of the  defense of such action  within a
reasonable  time  after  notice of  commencement  of the  action,  or (iii) such
indemnified  party or parties shall have reasonably  concluded that there may be
defenses available to it or them which are different from or additional to those
available  to one  or  all  of the  indemnifying  parties  (in  which  case  the
indemnifying  parties  shall not have the right to direct  the  defense  of such
action on behalf of the  indemnified  party or parties),  in any of which events
such  fees  and  expenses  of one  additional  counsel  shall  be  borne  by the
indemnifying party; provided, however, that the indemnifying party shall not, in
connection with any one action or separate but substantially  similar or related
actions in the same jurisdiction  arising out of the same general allegations or
circumstance,  be liable for the  reasonable  fees and expenses of more than one
separate  firm of attorneys  at any time for all such  indemnified  parties.  No
settlement of any action or  proceeding  against an  indemnified  party shall be
made without the consent of the indemnifying party.

                  F. In order to provide for just and equitable  contribution in
circumstances in which the indemnification  provided for in Section 7(A) or 7(B)
is due in accordance  with its terms but is for any reason held by a court to be
unavailable  on grounds of policy or  otherwise,  the Company and the  Placement
Agent shall contribute to the aggregate losses,  claims, damages and liabilities
(including  legal or other expenses  reasonably  incurred in connection with the
investigation  or defense of same) which the other may incur in such  proportion
so that the  Placement  Agent  shall be  responsible  for  such  percent  of the
aggregate of such losses,  claims,  damages and  liabilities  as shall equal the
percentage of the gross  proceeds  paid to the  Placement  Agent and the Company
shall be responsible for the balance;  provided,  however, that no person guilty
of fraudulent  misrepresentation within the meaning of Section 11(f) of the 1933
Act shall be entitled to contribution from any person who was not guilty of such
fraudulent  misrepresentation.  For  purposes of this Section  7(F),  any person
controlling,  controlled by or under common control with the Placement Agent, or
any partner,  director,  officer,  employee,  representative or any agent of any
thereof,  shall have the same rights to  contribution as the Placement Agent and
each person controlling,  controlled by or under common control with the Company
within  the  meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act
and each officer of the Company and each  director of the Company shall have the
same rights to contribution  as the Company.  Any party entitled to contribution
will,  promptly after receipt of notice of commencement  of any action,  suit or
proceeding  against such party in respect of which a claim for  contribution may
be made against the other party under this Section 7(D),  notify such party from
whom contribution may be sought,  but the omission to so notify such party shall
not relieve the party from whom  contribution  may be sought from any obligation
they may have hereunder or otherwise if the party from whom  contribution may be
sought is not materially prejudiced thereby.

                                       11
<PAGE>

                  G. The indemnity and contribution agreements contained in this
Section 7 shall remain operative and in full force and effect  regardless of any
investigation  made by or on behalf of any indemnified person or any termination
of this Agreement.

                  H. The Company hereby waives,  to the fullest extent permitted
by law, any right to or claim of any punitive, exemplary,  incidental, indirect,
special,  consequential or other damages (including, without limitation, loss of
profits)  against the Placement Agent and each officer,  director,  shareholder,
employee or representative  of the placement agent and each person  controlling,
controlled  by or under  common  control  with the  Placement  Agent  within the
meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act or the Rules
and Regulations arising out of any cause whatsoever (whether such cause be based
in  contract,   negligence,   strict   liability,   other  tort  or  otherwise).
Notwithstanding  anything  to  the  contrary  contained  herein,  the  aggregate
liability  of the  Placement  Agent  and each  officer,  director,  shareholder,
employee or representative  of the Placement Agent and each person  controlling,
controlled  by or under  common  control  with the  Placement  Agent  within the
meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act or the Rules
and  Regulations  shall not exceed the  compensation  received by the  Placement
Agent  pursuant to Section 2 hereof.  This  limitation of liability  shall apply
regardless of the cause of action,  whether contract,  tort (including,  without
limitation,  negligence)  or breach of statute or any other  legal or  equitable
obligation.

         8. Payment of Expenses.

         The Company  hereby  agrees to bear all of the  expenses in  connection
with the Offering,  including,  but not limited to the  following:  filing fees,
printing and duplicating  costs,  advertisements,  postage and mailing  expenses
with respect to the transmission of Offering  Materials,  registrar and transfer
agent fees,  escrow agent fees and expenses,  fees of the Company's  counsel and
accountants, issue and transfer taxes, if any.

         9. Conditions of Closing.

         The  Closing  shall  be  held at the  offices  of the  Investor  or its
counsel.  The  obligations of the Placement  Agent hereunder shall be subject to
the continuing accuracy of the representations and warranties of the Company and
the  Investor  herein as of the date  hereof and as of the Date of Closing  (the
"Closing Date") with respect to the Company or the Investor, as the case may be,
as if it had been made on and as of such Closing Date; the accuracy on and as of
the Closing Date of the  statements of the officers of the Company made pursuant
to the provisions hereof; and the performance by the Company and the Investor on
and as of the Closing Date of its covenants and obligations hereunder and to the
following further conditions:

                  A. Upon the effectiveness of a registration statement covering
the Standby Equity Distribution Agreement,  the Investor and the Placement Agent
shall  receive  the  opinion  of Counsel  to the  Company,  dated as of the date
thereof, which opinion shall be in form and substance reasonably satisfactory to
the Investor, their counsel and the Placement Agent.

                  B. At or prior to the Closing,  the Investor and the Placement
Agent shall have been furnished such documents,  certificates and opinions as it
may  reasonably  require for the purpose of enabling them to review or pass upon
the matters  referred to in this  Agreement  and the Offering  Materials,  or in
order to evidence  the  accuracy,  completeness  or  satisfaction  of any of the
representations, warranties or conditions herein contained.

                                       12
<PAGE>

                  C. At and prior to the  Closing,  (i) there shall have been no
material  adverse change nor development  involving a prospective  change in the
condition or prospects or the business  activities,  financial or otherwise,  of
the Company from the latest dates as of which such condition is set forth in the
Offering  Materials;  (ii)  there  shall  have been no  transaction,  not in the
ordinary course of business except the  transactions  pursuant to the Securities
Purchase  Agreement entered into by the Company on the date hereof which has not
been disclosed in the Offering  Materials or to the Placement  Agent in writing;
(iii) except as set forth in the Offering Materials, the Company shall not be in
default  under any  provision  of any  instrument  relating  to any  outstanding
indebtedness  for which a waiver or extension has not been  otherwise  received;
(iv) except as set forth in the Offering  Materials,  the Company shall not have
issued any securities (other than those to be issued as provided in the Offering
Materials)  or declared or paid any  dividend  or made any  distribution  of its
capital  stock of any  class and  there  shall  not have been any  change in the
indebtedness  (long or short term) or  liabilities or obligations of the Company
(contingent or otherwise) and trade payable debt; (v) no material  amount of the
assets of the Company shall have been pledged or mortgaged,  except as indicated
in the Offering Materials;  and (v) no action, suit or proceeding,  at law or in
equity,  against the Company or affecting  any of its  properties  or businesses
shall be  pending  or  threatened  before  or by any court or  federal  or state
commission,  board or other administrative agency, domestic or foreign,  wherein
an unfavorable decision, ruling or finding could materially adversely affect the
businesses, prospects or financial condition or income of the Company, except as
set forth in the Offering Materials.

                  D. If  requested  at Closing the  Investor  and the  Placement
Agent shall receive a certificate of the Company signed by an executive  officer
and chief financial officer,  dated as of the applicable  Closing, to the effect
that the conditions set forth in subparagraph  (C) above have been satisfied and
that, as of the applicable  closing,  the  representations and warranties of the
Company set forth herein are true and correct.

                  E. The Placement Agent shall have no obligation to insure that
(x) any check,  note,  draft or other means of payment for the Common Stock will
be honored,  paid or  enforceable  against the Investor in  accordance  with its
terms,  or (y) subject to the performance of the Placement  Agent's  obligations
and  the  accuracy  of the  Placement  Agent's  representations  and  warranties
hereunder, (1) the Offering is exempt from the registration  requirements of the
1933  Act or any  applicable  state  "Blue  Sky" law or (2) the  Investor  is an
Accredited Investor.

         10. Termination.

         This Agreement  shall be co-terminus  with, and terminate upon the same
terms and  conditions  as those set forth in, the  Standby  Equity  Distribution
Agreement.  The rights of the Investor and the  obligations of the Company under
the Registration Rights Agreement, and the rights of the Placement Agent and the
obligations  of the Company  shall  survive the  termination  of this  Agreement
unabridged.

                                       13
<PAGE>

         11. Miscellaneous.

                  A.  This   Agreement   may  be   executed  in  any  number  of
counterparts,  each of which  shall be deemed to be an  original,  but all which
shall be deemed to be one and the same instrument.

                  B. Any notice  required  or  permitted  to be given  hereunder
shall be given in writing and shall be deemed  effective  when  deposited in the
United States mail, postage prepaid, or when received if personally delivered or
faxed (upon confirmation of receipt received by the sending party), addressed as
follows to such other address of which written notice is given to the others):

If to Placement Agent, to:          Newbridge Securities Corporation
                                    1451 Cypress Creek Road, Suite 204
                                    Fort Lauderdale, Florida 33309
                                    Attention:   Doug Aguililla
                                    Telephone:   (954) 334-3450
                                    Facsimile:   (954) 229-9937

If to the Company, to:              CinTel Corp.
                                    #891-43 Daechi-dong, MSA Bldg. 7FL
                                    Kangnam-ku, Seoul, Korea (135-280)
                                    Attention:   Kim Sang-don, President
                                    Telephone:   82-2-544-6700
                                    Facsimile:   82-2-508-2341

With a copy to:                     Sichenzia Ross Friedman Ference LLP
                                    1065 Avenue of the Americas, 21st Floor
                                    New York, New York 10018
                                    Attention:   Gregory Sichenzia, Esq.
                                    Telephone:   (212) 930-9700
                                    Facsimile:   (212) 930-9725

If to the Investor:                 Cornell Capital Partners, LP
                                    101 Hudson Street - Suite 3700
                                    Jersey City, New Jersey  07302
                                    Attention:   Mark A. Angelo
                                                 Portfolio Manager
                                    Telephone:   (201) 985-8300
                                    Facsimile:   (201) 985-8266

With copies to:                     Butler Gonzalez LLP
                                    1416 Morris Avenue - Suite 207
                                    Union, New Jersey 07083
                                    Attention:   David Gonzalez, Esq.
                                    Facsimile:   (908) 810-0973

                                       14
<PAGE>

                  C. This  Agreement  shall be governed by and  construed in all
respects  under  the  laws of the  State of  Nevada,  without  reference  to its
conflict of laws rules or principles. Any suit, action, proceeding or litigation
arising out of or relating to this Agreement  shall be brought and prosecuted in
such federal or state court or courts  located within the State of New Jersey as
provided by law. The parties hereby irrevocably and  unconditionally  consent to
the  jurisdiction  of each such court or courts  located within the State of New
Jersey and to service of process by registered or certified mail, return receipt
requested,  or by any other  manner  provided  by  applicable  law,  and  hereby
irrevocably and unconditionally  waive any right to claim that any suit, action,
proceeding  or litigation  so commenced  has been  commenced in an  inconvenient
forum.

                  D. This Agreement and the other agreements  referenced  herein
contain  the entire  understanding  between  the  parties  hereto and may not be
modified or amended  except by a writing  duly signed by the party  against whom
enforcement of the modification or amendment is sought.

                  E. If any  provision  of this  Agreement  shall  be held to be
invalid or unenforceable,  such invalidity or unenforceability  shall not affect
any other provision of this Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       15
<PAGE>

         IN WITNESS WHEREOF,  the parties hereto have executed this Agreement as
of the date first written above.

                                        COMPANY:
                                        CINTEL CORP.

                                        By: /s/ Kim Sang-don
                                           ---------------------------------
                                        Name:   Kim Sang-don
                                        Title:  Chief Executive Officer

                                        PLACEMENT AGENT:
                                        NEWBRIDGE SECURITIES CORPORATION

                                        By: /s/ Guy S. Amico
                                           ---------------------------------
                                        Name:   Guy S. Amico
                                        Title:  President

                                        INVESTOR:
                                        CORNELL CAPITAL PARTNERS, LP

                                        BY:     YORKVILLE ADVISORS, LLC
                                        ITS:    GENERAL PARTNER

                                        By: /s/ Mark A. Angelo
                                           ---------------------------------
                                        Name:   Mark A. Angelo
                                        Title:  Portfolio Manager

                                       16Exhibit 4.5

THIS DEBENTURE,  AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE  (COLLECTIVELY,
THE  "SECURITIES"),  HAVE NOT BEEN REGISTERED WITH THE UNITED STATES  SECURITIES
AND  EXCHANGE  COMMISSION  OR  THE  SECURITIES  COMMISSION  OF  ANY  STATE.  THE
SECURITIES ARE BEING OFFERED PURSUANT TO A SAFE HARBOR FROM  REGISTRATION  UNDER
REGULATION  D  PROMULGATED  UNDER THE  SECURITIES  ACT OF 1933,  AS AMENDED (THE
"ACT").  THE SECURITIES ARE  "RESTRICTED"  AND MAY NOT BE OFFERED OR SOLD UNLESS
THE  SECURITIES  ARE  REGISTERED  UNDER THE ACT,  PURSUANT  TO  REGULATION  D OR
PURSUANT TO AVAILABLE  EXEMPTIONS FROM THE REGISTRATION  REQUIREMENTS OF THE ACT
AND THE  COMPANY  WILL BE  PROVIDED  WITH  OPINION  OF  COUNSEL  OR  OTHER  SUCH
INFORMATION  AS IT MAY  REASONABLY  REQUIRE TO CONFIRM THAT SUCH  EXEMPTIONS ARE
AVAILABLE. FURTHER HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE MADE
EXCEPT IN COMPLIANCE WITH THE ACT.

                             COMPENSATION DEBENTURE

                                  CINTEL CORP.

                            5% CONVERTIBLE DEBENTURE

                               DUE AUGUST___, 2007

No.  ___                                                                $240,000

         This Secured Debenture is issued by CINTEL CORP., a Nevada  corporation
(the "Company"),  to CORNELL CAPITAL  PARTNERS,  LP (together with its permitted
successors and assigns,  the "Holder") on August ___, 2004 (the "Closing  Date")
pursuant to exemptions  from  registration  under the Securities Act of 1933, as
amended.

                                   ARTICLE I.

         SECTION 1.01 PRINCIPAL AND INTEREST. For value received, on August ___,
2007,  the Company  hereby  promises to pay to the order of the Holder in lawful
money of the United  States of America and in  immediately  available  funds the
principal sum of Two Hundred Forty Thousand Dollars (US $240,000), together with
interest on the unpaid  principal of this  Debenture at the rate of five percent
(5%) per year  (computed  on the basis of a  365-day  year and the  actual  days
elapsed) from the date of this  Debenture  until paid. At the Company's  option,
the entire principal amount and all accrued interest shall be either (a) paid to
the  Holder on the third  (3rd)  year  anniversary  from the date  hereof or (b)
converted in accordance with Section 1.02 herein provided,  however,  that in no
event  shall the Holder be entitled to convert  this  Debenture  for a number of
shares of Common Stock in excess of that number of shares of Common Stock which,
upon  giving  effect to such  conversion,  would cause the  aggregate  number of

<PAGE>

shares of Common Stock  beneficially  owned by the Holder and its  affiliates to
exceed  4.99% of the  outstanding  shares of the  Common  Stock  following  such
conversion.

         SECTION  1.02  OPTIONAL  CONVERSION.  The  Holder is  entitled,  at its
option, to convert, and sell on the same day, at any time and from time to time,
until payment in full of this Debenture,  up to Fifty Thousand Dollars ($50,000)
plus accrued  interest,  into shares (the "Conversion  Shares") of the Company's
common stock, par value $.001 per share ("Common Stock"), at the price per share
(the  "Conversion  Price")  equal to one  hundred  percent  (100%) of the lowest
Closing Bid Price of the Common Stock on the trading day  immediately  preceding
the Conversion  Date (as defined  herein).  As used herein,  "Principal  Market"
shall   mean   The   National   Association   of   Securities   Dealers   Inc.'s
Over-The-Counter  Bulletin  Board,  Nasdaq  SmallCap  Market,  or American Stock
Exchange.  If the Common Stock is not traded on a Principal Market,  the Closing
Bid Price shall mean,  the reported  Closing Bid Price for the Common Stock,  as
furnished by the National  Association  of  Securities  Dealers,  Inc.,  for the
applicable  periods.  No fraction of shares or scrip  representing  fractions of
shares will be issued on conversion,  but the number of shares issuable shall be
rounded to the nearest whole share. To convert this Debenture, the Holder hereof
shall deliver written notice thereof,  substantially  in the form of Exhibit "A"
to this Debenture, with appropriate insertions (the "Conversion Notice"), to the
Company at its address as set forth herein.  The date upon which the  conversion
shall be effective  (the  "Conversion  Date") shall be deemed to be the date set
forth in the Conversion Notice.

         SECTION 1.03 RIGHT OF REDEMPTION.  The Company at its option shall have
the right to redeem for cash,  with thirty (30)  business  days advance  written
notice  (the  "Redemption  Notice"),  a  portion  of or all  of the  outstanding
principal sum under this Debenture.  The redemption  price shall be equal to one
hundred  twenty  percent  (120%)  multiplied by the portion of the principal sum
being redeemed, plus any accrued and unpaid interest.

         SECTION 1.04 RESERVATION OF COMMON STOCK. The Company shall reserve and
keep available out of its authorized but unissued shares of Common Stock, solely
for the purpose of effecting the  conversion of this  Debenture,  such number of
shares of Common Stock as shall from time to time be  sufficient  to effect such
conversion, based upon the Conversion Price. If at any time the Company does not
have a sufficient number of Conversion Shares authorized and available, then the
Company shall call and hold a special meeting of its stockholders  within ninety
(90)  days of that  time  for the sole  purpose  of  increasing  the  number  of
authorized   shares  of  Common  Stock.   Management   shall  recommend  to  the
shareholders  of the  Company  to vote in  favor of  increasing  the  number  of
authorized shares of Common Stock.  Management shall also vote all of its shares
of Common Stock in favor of increasing the number of authorized shares of Common
Stock.

         SECTION 1.05 REGISTRATION  RIGHTS. The Company is obligated to register
the  resale of the  Conversion  Shares  under  the  Securities  Act of 1933,  as
amended,  pursuant to the terms of a Registration Rights Agreement,  between the
Company and the Holder of even date herewith (the "Investor  Registration Rights
Agreement").

         SECTION 1.06 INTEREST PAYMENTS. The interest so payable will be paid at
the time of maturity or conversion to the person in whose name this Debenture is
registered.  At the time such  interest  is  payable,  the  Holder,  in its sole

                                       2
<PAGE>

discretion,  may elect to receive  the  interest  in cash (via wire  transfer or
certified  funds) or in the form of Common  Stock.  In the event of default,  as
described in Article III Section 3.01  hereunder,  the Holder may elect that the
interest be paid in cash (via wire  transfer or certified  funds) or in the form
of Common Stock. If paid in the form of Common Stock,  the amount of stock to be
issued  will be  calculated  as  follows:  the value of the  stock  shall be the
Closing Bid Price on: (i) the date the  interest  payment is due; or (ii) if the
interest  payment is not made when due, the date the interest payment is made. A
number of shares of Common  Stock with a value  equal to the amount of  interest
due shall be issued.  No  fractional  shares will be issued;  therefore,  in the
event  that the value of the  Common  Stock  per share  does not equal the total
interest due, the Company will pay the balance in cash.

         SECTION 1.07 PAYING AGENT AND  REGISTRAR.  Initially,  the Company will
act as paying  agent and  registrar.  The Company  may change any paying  agent,
registrar,  or  Company-registrar  by giving  the  Holder not less than ten (10)
business  days' written  notice of its election to do so,  specifying  the name,
address, telephone number and facsimile number of the paying agent or registrar.
The Company may act in any such capacity.

                                  ARTICLE II.

         SECTION 2.01 AMENDMENTS AND WAIVER OF DEFAULT. The Debenture may not be
amended  without the written consent of the Holder.  Notwithstanding  the above,
without  the  consent of the Holder,  the  Debenture  may be amended to cure any
ambiguity,  defect or  inconsistency,  to provide for  assumption of the Company
obligations  to the Holder or to make any change that does not adversely  affect
the rights of the Holder.

                                  ARTICLE III.

         SECTION  3.01  EVENTS OF  DEFAULT.  An Event of  Default  is defined as
follows:  (a) failure by the Company to pay amounts due hereunder within fifteen
(15) days of the date of maturity of this Debenture;  (b) failure by the Company
to comply with the terms of the Irrevocable Transfer Agent Instructions attached
to the Standby Equity Distribution  Agreement of even date herewith entered into
between  the  Company  and  the  Holder  (the   "Standby   Equity   Distribution
Agreement");  (c) failure by the Company's  transfer agent to issue Common Stock
to the Holder  within  five (5) days of the  Company's  receipt of the  attached
Notice of Conversion  from Holder;  (d) failure by the Company for ten (10) days
after notice to it to comply with any of its other  agreements in the Debenture;
(e)  events of  bankruptcy  or  insolvency;  (f) a breach by the  Company of its
obligations under the Standby Equity Distribution  Agreement or the Registration
Rights  Agreement  which is not cured by the Company  within ten (10) days after
receipt of written notice thereof.

         SECTION 3.02 FAILURE TO ISSUE  UNRESTRICTED  COMMON STOCK. As indicated
in Article III Section  3.01, a breach by the Company of its  obligations  under
the Investor  Registration Rights Agreement shall be deemed an Event of Default,
which if not cured within ten (10) days,  shall entitle the Holder to accelerate
full repayment of all debentures  outstanding and accrued interest thereon.  The
Company  acknowledges  that failure to honor a Notice of Conversion  shall cause
irreparable harm to the Holder.

                                       3
<PAGE>

                                  ARTICLE IV.

         SECTION  4.01 RIGHTS AND TERMS OF  CONVERSION.  Commencing  on the date
hereof,  this  Debenture,  may be  converted at any time  following  the date of
closing, into shares of Common Stock at a price equal to the Conversion Price as
described in Section 1.02 above.

         SECTION  4.02  RE-ISSUANCE  OF  DEBENTURE.  When the  Holder  elects to
convert a part of the Debenture,  then the Company shall reissue a new Debenture
in the same form as this Debenture to reflect the new principal amount.

         SECTION 4.03  TERMINATION OF CONVERSION  RIGHTS.  The Holder's right to
convert the Debenture  into the Common Stock in accordance  with  paragraph 4.01
shall  terminate on the date that is the third (3rd) year  anniversary  from the
date hereof and this Debenture shall be automatically  converted on that date in
accordance  with  the  formula  set  forth  in  Section  4.01  hereof,  and  the
appropriate shares of Common Stock and amount of interest shall be issued to the
Holder.

                                   ARTICLE V.

         SECTION 5.01 ANTI-DILUTION.  In the event that the Company shall at any
time subdivide the  outstanding  shares of Common Stock,  or shall issue a stock
dividend  on the  outstanding  Common  Stock,  the  Conversion  Price in  effect
immediately  prior to such subdivision or the issuance of such dividend shall be
proportionately  decreased,  and in the event that the Company shall at any time
combine the outstanding  shares of Common Stock,  the Conversion Price in effect
immediately  prior  to such  combination  shall  be  proportionately  increased,
effective at the close of business on the date of such subdivision,  dividend or
combination as the case may be.

         SECTION 5.02 CONSENT OF HOLDER TO SELL  CAPITAL  STOCK.  Except for the
Standby Equity Distribution  Agreement dated the date hereof between the Company
and Cornell Capital Partners, LP. so long as any of the principal of or interest
on this Debenture remains unpaid and unconverted, the Company shall not, without
the prior consent of the Holder, issue or sell (i) any Common Stock or Preferred
Stock without  consideration or for a consideration per share less than its fair
market value determined immediately prior to its issuance other than pursuant to
a  presently   contemplated  financing  of  up  to  Five  Million  U.S.  Dollars
($5,000,000),  (ii) issue or sell any Preferred Stock,  warrant,  option, right,
contract,  call, or other security or instrument granting the holder thereof the
right to acquire Common Stock without  consideration or for a consideration  per
share less than such Common  Stock's  fair market value  determined  immediately
prior to its issuance other than pursuant to a presently  contemplated financing
of up to Five Million U.S. Dollars  ($5,000,000),  (iii) enter into any security
instrument  granting the holder a security interest in any and all assets of the
Company other than pursuant to a presently  contemplated financing of up to Five
Million U.S.  Dollars  ($5,000,000) or (iv) file any  registration  statement on
Form S-8 that  registers  more  than two  million  (2,000,000)  shares of Common
Stock. Notwithstanding the foregoing, in the event the Company intends to file a
registration  statement on Form S-8 that  registers two million  (2,000,000)  or
fewer shares of Common Stock,  the Company must provide the Investor(s)  fifteen
(15) days prior written notice.

                                       4
<PAGE>

                                  ARTICLE VI.

         SECTION 6.01 NOTICE.  Notices regarding this Debenture shall be sent to
the  parties  at the  following  addresses,  unless a party  notifies  the other
parties, in writing, of a change of address:

If to the Company, to:            CinTel Corp.
                                  #891-43 Daechi-dong, MSA Bldg. 7FL
                                  Kangnam-ku, Seoul, Korea (135-280)
                                  Attention:  Kim Sang-don, President
                                  Telephone:  82-2-544-6700
                                  Facsimile:  82-2-508-2341

With a copy to:                   Sichenzia Ross Friedman Ference LLP
                                  1065 Avenue of the Americas, 21st Floor
                                  New York, New York 10018
                                  Attention:  Gregory Sichenzia, Esq.
                                  Telephone:  (212) 930-9700
                                  Facsimile:  (212) 930-9725

If to the Holder:                 Cornell Capital Partners, LP
                                  101 Hudson Street, Suite 3700
                                  Jersey City, New Jersey 07302
                                  Telephone:  (201) 985-8300
                                  Facsimile:  (201) 985-8266

With a copy to:                   Butler Gonzalez LLP
                                  1416 Morris Avenue - Suite 207
                                  Union, New Jersey 07083
                                  Attention:  David Gonzalez, Esq.
                                  Telephone:  (908) 810-8588
                                  Facsimile:  (908) 810-0973

         SECTION 6.02 GOVERNING  LAW. This Debenture  shall be deemed to be made
under and shall be construed in accordance  with the laws of the State of Nevada
without giving effect to the principals of conflict of laws thereof. Each of the
parties consents to the  jurisdiction of the U.S.  District Court sitting in the
District  of the State of New  Jersey  or the  state  courts of the State of New
Jersey  sitting in Hudson  County,  New Jersey in  connection  with any  dispute
arising under this Debenture and hereby waives,  to the maximum extent permitted
by law, any objection,  including any objection based on forum non conveniens to
the bringing of any such proceeding in such jurisdictions.

         SECTION 6.03  SEVERABILITY.  The invalidity of any of the provisions of
this  Debenture  shall  not  invalidate  or  otherwise  affect  any of the other
provisions of this Debenture, which shall remain in full force and effect.

         SECTION 6.04 ENTIRE AGREEMENT AND AMENDMENTS. This Debenture represents
the entire  agreement  between  the parties  hereto with  respect to the subject
matter  hereof  and there are no  representations,  warranties  or  commitments,

                                       5
<PAGE>

except as set forth herein.  This Debenture may be amended only by an instrument
in writing executed by the parties hereto.

         SECTION 6.05  COUNTERPARTS.  This Debenture may be executed in multiple
counterparts,  each of which  shall be an  original,  but all of which  shall be
deemed to constitute on instrument.

         IN WITNESS  WHEREOF,  with the intent to be legally bound  hereby,  the
Company as executed this Debenture as of the date first written above.

                                          CINTEL CORP.

                                          By: /s/ Kim Sang-don
                                              -------------------------------
                                          Name:   Kim Sang-don
                                          Title:  Chief Executive Officer

                                       6
<PAGE>

                                   EXHIBIT "A"

                              NOTICE OF CONVERSION

           (TO BE EXECUTED BY THE HOLDER IN ORDER TO CONVERT THE NOTE)

TO:

         The undersigned hereby irrevocably elects to convert $ of the principal
amount of the above Note into Shares of Common Stock of CinTel  Corp.  according
to the conditions stated therein, as of the Conversion Date written below.

CONVERSION DATE:
                                      -----------------------------------------
APPLICABLE CONVERSION PRICE:
                                      -----------------------------------------
AMOUNT TO BE CONVERTED:               $
                                      -----------------------------------------
AMOUNT OF DEBENTURE UNCONVERTED:      $
                                      -----------------------------------------
CONVERSION PRICE PER SHARE:           $
                                      -----------------------------------------
NUMBER OF SHARES OF COMMON STOCK
TO BE ISSUED:
                                      -----------------------------------------
PLEASE ISSUE THE SHARES OF COMMON
STOCK IN THE FOLLOWING NAME AND
TO THE FOLLOWING ADDRESS:
                                      -----------------------------------------
ISSUE TO:
                                      -----------------------------------------
ADDRESS:
                                      -----------------------------------------
AUTHORIZED SIGNATURE:
                                      -----------------------------------------
NAME:
                                      -----------------------------------------
TITLE:
                                      -----------------------------------------
PHONE NUMBER:
                                      -----------------------------------------
BROKER DTC PARTICIPANT CODE:
                                      -----------------------------------------
ACCOUNT NUMBER:
                                      -----------------------------------------

                                      A-1

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