Document:

SEPARATION AND CONSULTING AGREEMENT

      This Separation and Consulting  Agreement  ("Agreement"),  effective as of
May 16, 2007 (the  "Effective  Date"),  is entered into by and between  National
Investment  Managers,  Inc. (the  "Company") and Leonard  Neuhaus  ("Executive")
(collectively, the "Parties" and, each, a "Party").

      Whereas, the Company has employed Executive pursuant to various employment
agreements and in various positions,  most recently as a Chief Operating Officer
pursuant to the terms of an Employment Agreement entered into as of December 11,
2006 (the "Employment Agreement");

      Whereas,  Executive and the Company mutually have agreed that, pursuant to
the  terms  hereof,  Executive  has  resigned  (i)  from his  position  as Chief
Operating  Officer of the  Company and (ii) as an officer  and/or  member of the
Board of  Directors  of those  affiliates  of the Company in which he holds such
positions (collectively, the "Affiliates"); and

      Whereas, the Company and Executive wish for Executive to continue with the
Company as a consultant pursuant to the terms hereof.

      Now  Therefore,  in  consideration  of the mutual  promises and agreements
contained in this Agreement,  and other valuable consideration,  the receipt and
sufficiency of which is hereby acknowledged, the Parties agree as follows:

      1.   Resignation  of  Employment  and  Related   Positions.   The  Parties
acknowledge and agree that, as of the Effective Date, Executive has resigned (i)
his employment as Chief Operating  Officer of the Company and (ii) his positions
as officer  and/or member of the Board of Directors of the  Affiliates,  thereby
effecting  Executive's  termination  as an  Executive  of the  Company and as an
officer and/or member of the Board of Directors of the  Affiliates.  The Company
will pay  Executive on or before the first  regularly  scheduled  pay date on or
after the  Effective  Date (i) any and all  outstanding  wages due  through  the
Effective Date and (ii) business expenses incurred per existing Company policies
through the Effective  Date.  Beginning on the Effective  Date,  the Company and
Executive hereby agree to terminate the Employment  Agreement and the Employment
Agreement shall be of no further force and effect as of such date.

      2. Additional  Payments and Benefits.  The Company will provide  Executive
with the  payments and  benefits  set forth in this  paragraph 2  (collectively,
"Severance  Benefits").  The Severance  Benefits are separate and apart from the
payments  and  benefits  to  be  provided  to  Executive  under  his  consulting
relationship with the Company as provided for in paragraph 18 below.

            a. Salary Continuation. Beginning on the Effective Date, the Company
shall  provide  Executive  with salary  continuation  in an amount  equal to the
Executive's  base salary on the Effective Date, less deductions and withholdings
required by law, on regularly  scheduled paydays commencing on the day after the
Effective  Date and  continuing  through  the end of the term of the  Employment
Agreement (i.e., March 31, 2008). The salary continuation payments shall be made
by direct deposit into Executive's bank account previously used by the Company.

Separation and  Consulting  Agreement,
effective as of May 16, 2007, between
National Investment Managers, Inc. and                             Company:_____
Leonard Neuhaus                                                  Executive:_____

<PAGE>

Notwithstanding  the  foregoing,  in  the  event  of a  Change  in  Control  (as
hereinafter  defined) or upon the Company  raising at least an  aggregate of ten
million  dollars,  the Company's  obligations  under this paragraph 2a. shall be
accelerated and the Company shall  immediately pay to Executive in a lump sum by
check any and all  remaining  amounts due  pursuant to this  paragraph  2a. that
would  have been  payable  through  March 31,  2008.  For the  purposes  of this
Agreement, the term "Change of Control" shall mean (1) an Ownership Change Event
or a series of related Ownership Change Events (collectively, the "Transaction")
wherein the  stockholders of the Company  immediately  before the Transaction do
not  retain  immediately  after  the  Transaction,  in  substantially  the  same
proportions  as  their  ownership  of  shares  of  the  Company's  voting  stock
immediately before the Transaction,  direct or indirect beneficial  ownership of
more  than  fifty  percent  (50%)  of the  total  combined  voting  power of the
outstanding  voting stock of the Company or the  corporation or  corporations to
which  the   assets  of  the   Company   were   transferred   (the   "Transferee
Corporation(s)"),  as the case may be,  provided,  however,  that an  equity  or
convertible  securities  financing  by the Company  shall be deemed an Ownership
Change  Event or  Transfer of Control for the  purposes of this  paragraph.  For
purposes of the preceding sentence, indirect beneficial ownership shall include,
without limitation,  an interest resulting from ownership of the voting stock of
one or more corporations which, as a result of the Transaction,  own the Company
or the Transferee Corporation(s), as the case may be, either directly or through
one or more subsidiary corporations. The Board shall have the right to determine
whether  multiple  sales or  exchanges  of the  voting  stock of the  Company or
multiple  Ownership Change Events are related,  and its  determination  shall be
final,  binding and conclusive.  An "Ownership  Change Event" shall be deemed to
have occurred if any of the following occurs with respect to the Company:

            (i)   the direct or indirect  sale or exchange in a single or series
                  of related  transactions by the stockholders of the Company of
                  more  than  fifty  percent  (50%) of the  voting  stock of the
                  Company; (ii)

            (ii)  a merger or consolidation in which the Company is a party;

            (iii) the sale, exchange, or transfer of all or substantially all of
                  the assets of the Company; or

            (iv)  a liquidation or dissolution of the Company.

            b. Restricted  Stock.  100,000 shares of the Company's  Common Stock
shall be issued to  Executive  upon  Executive's  execution  and delivery to the
Company of this Agreement,  of which 50,000 shares are for consulting  services.
Such 100,000  shares of Common Stock do not include the 50,000  shares of Common
Stock  previously  issued to Executive  under the  Employment  Agreement,  which
50,000 shares,  together with the 100,000  shares being issued  pursuant to this
paragraph shall collectively be referred to herein as the "Restricted Stock."

Separation and  Consulting  Agreement,
effective as of May 16, 2007, between
National Investment Managers, Inc. and                             Company:_____
Leonard Neuhaus                                                  Executive:_____

                                       2
<PAGE>

            c. Stock Warrant.  The Company hereby confirms and acknowledges that
Executive is currently in  possession  of a fully vested  Common Stock  Purchase
Warrant (the  "Warrant") to purchase  317,200 shares of Common Stock (as defined
therein)  at  an  exercise  price  per  share  equal  to  $0.1667.  The  Parties
acknowledge and agree that, upon  Executive's  election to purchase Common Stock
under the Warrant,  the exercise price therefor may, at the Executive's  option,
be payable by Executive by cashless  exercise,  and, to effectuate such cashless
exercise,  the number of shares  issuable  upon exercise of the Warrant shall be
reduced by that number of shares equal to the quotient of the aggregate exercise
price divided by the fair market value per share of the  Company's  Common Stock
on the date of exercise. To the extent that the terms of this paragraph conflict
with those of the Warrant, the terms of this paragraph shall govern;  otherwise,
the terms of the Warrant  shall  continue to govern the purchase of Common Stock
thereunder.

            d. 2005 Stock Options.  The Company hereby confirms and acknowledges
that all 400,000 stock options (collectively,  the "2005 Stock Options") granted
to Executive  pursuant to the Stock Option  Contract - Grant of Incentive  Stock
Option dated as of March 1, 2006 between the Company and Executive  (the "Option
Agreement")  and subject to the Company's 2005 Stock Option  Incentive Plan (the
"Option  Plan") are fully vested at an exercise  price per share equal to $1.00.
The Parties  acknowledge and agree that, upon  Executive's  election to exercise
any of  the  2005  Stock  Options,  the  exercise  price  therefor  may,  at the
Executive's  option,  be payable by  Executive  by  cashless  exercise,  and, to
effectuate such cashless  exercise,  the number of shares issuable upon exercise
of any of the 2005 Stock Options shall be reduced by that number of shares equal
to the quotient of the aggregate exercise price divided by the fair market value
per share of the Company's Common Stock on the date of exercise.  The 2005 Stock
Options  shall be  exercisable  in  accordance  with the  terms set forth in the
Option  Agreement  and the Option  Plan.  To the  extent  that the terms of this
paragraph  conflict with those of the Option  Agreement or the Option Plan,  the
terms of this paragraph  shall govern;  otherwise,  the 2005 Stock Options shall
continue  to be governed  by, and subject to, the terms of the Option  Agreement
and the Option Plan.

            e.  Continuation  of  Existing  Health and  Insurance  Benefits.  If
Executive  elects to continue  Executive's  existing health  insurance  coverage
under  COBRA (see  paragraph  6 below),  the  Company  will pay  directly to the
insurance  carrier the full monthly  premium cost for such  coverage for himself
and his  eligible  dependents  and  family  members  for a period  of 12  months
commencing  on the  Effective  Date.  Additionally,  for a period  of 12  months
commencing  on the  Effective  Date (the  "Benefit  Period"),  the Company shall
provide,  at the Company's  full expense,  continuation  of the other health and
insurance  related  benefits  received by Executive  and/or his  dependents  and
family members immediately preceding  Executive's  resignation of his employment
with the Company, including, without limitation, life insurance,  short-term and
long-term  disability  insurance  and the executive  benefit  plan.  The Company
agrees to pay such insurance-related  costs directly to the applicable insurance
carrier.  The Company  also agrees to  reimburse  Executive  for amounts due him
under the  executive  benefit  plan,  by check  payable and mailed to Executive,
within 5 days of Executive's submission of the necessary paperwork therefor.

Separation and  Consulting  Agreement,
effective as of May 16, 2007, between
National Investment Managers, Inc. and                             Company:_____
Leonard Neuhaus                                                  Executive:_____

                                       3
<PAGE>

            f. Computer.  The Company hereby  transfers to Executive all rights,
title and interest in the Sony Vaio  notebook  computer it provided to Executive
in connection with Executive's employment,  provided,  however, that all Company
information contained therein is first transferred electronically to the Company
and subsequently deleted.

      3.  Indemnification;  Directors and Officers Insurance.  The Company shall
defend,  indemnify  and hold  harmless  Executive  (and his heirs  and  personal
representatives)  from and against any losses,  claims,  damages or  liabilities
related to, arising out of or in connection  with Executive being or having been
a former officer of the Company, a former officer and/or, member of the Board of
Directors  of any  Affiliate  and a consultant  to the  Company,  to the fullest
extent  permitted by applicable  law, and will reimburse  Executive  against any
costs,  attorney's fees and expenses,  as incurred (including but not limited to
investigating,  preparing  pursuing  or  defending  any  Claim  (as  hereinafter
defined)),  by Executive in connection with any  investigation,  claim,  action,
suit or proceeding,  pending or threatened  (hereinafter,  a "Claim"),  to which
Executive  may be made a party,  or subject to, by reason of his being or having
been an officer of the Company,  a former  officer and/or member of the Board of
Directors of any  Affiliate  and/or a consultant  to the Company,  or because of
actions  taken by Executive  which were  believed by Executive to be in the best
interests of the Company  and/or  Affiliates  and not in violation of applicable
law,  and  Executive  shall be  entitled  to be  covered by any  directors'  and
officers'  liability  insurance  policies  which the Company  maintains  for the
benefit of its directors and officers,  subject to the  limitations  of any such
policies.  The Company shall have the right to assume, with legal counsel of its
choice,  who  shall be  reasonably  acceptable  to  Executive,  the  defense  of
Executive  in any such  action,  suit or  proceeding  for which the  Company  is
providing  indemnification  to Executive.  Should Executive  determine to employ
separate  legal counsel in any such action,  suit or  proceeding,  any costs and
expenses of such  separate  legal counsel  shall be the sole  responsibility  of
Executive unless the Executive shall have reasonably  concluded,  based upon the
written of legal counsel to the Executive, a copy of which shall be furnished to
the  Company,  that there may be  conflicts  in the  defenses  available  to the
Executive  which are  different  from or  additional  to those  available to the
Company (if the Company is also a party or potential party to the claim), or any
other  named  party,  in which case the  reasonable  costs and  expenses of such
separate  legal counsel  shall be borne by the Company.  If the Company does not
assume the defense of any such action,  suit or  proceeding,  the Company shall,
upon the request of the Executive,  promptly advance or pay any amount for costs
or expenses,  including the  reasonable  fees of counsel  retained by Executive,
incurred by  Executive  in  connection  with such  action,  suit or  proceeding;
provided that Executive  agrees in writing to repay any such amounts advanced if
it is ultimately determined by a court of competent  jurisdiction that Executive
is not  entitled  to  such  indemnification.  Executive  shall  be  entitled  to
indemnification under this clause regardless of any subsequent amendments of the
Certificate Of Incorporation or By-Laws of the Company.

      4. Registration Rights.

            a. Piggyback Registration Rights. If the Company at any time
proposes to register any of its shares of Common Stock for sale to the public
under the Securities Act of 1933, as amended, and applicable state blue sky
laws, whether or not for sale for its own account, the Company will each such
time include in the registration statement all of the underlying shares of
Common Stock held by Executive (whether or not he is then serving as a Executive
or in any other capacity with the Company), whether held by the Executive as a
result of purchase, grant, exercise of the Warrant, 2005 Stock Options,
Restricted Stock or otherwise, or any combination of the foregoing (with the
securities which the Company at the time proposes to register), so as to permit
the sale or other disposition by Executive of such Common Stock. The rights of
the Executive hereunder shall be automatic, and Executive shall not be required
to consent at the time of registration. Any such registration of Common Stock
held by the Executive shall be at Company expense, except for expenses of
separate counsel to the Executive. The Company shall have the right to
discontinue any such registration at any time prior to the effective date of
such registration if the registration of other securities giving rise to such
registration rights is discontinued.

Separation and  Consulting  Agreement,
effective as of May 16, 2007, between
National Investment Managers, Inc. and                             Company:_____
Leonard Neuhaus                                                  Executive:_____

                                       4
<PAGE>

            b. Underwriter  Cutback.  If an underwriter  seeks in writing to cut
back the exercise of the registration rights set forth in paragraph 4.a above by
the  Executive,  on the basis that such  inclusion  would  adversely  affect the
underwriter's  ability to market the  securities  included  in the  registration
statement,  then  the  number  of  shares  to be  included  in the  registration
statement shall be reduced pro rata with those of all other directors and former
directors of the Company  seeking to register  shares on the basis of the number
of shares requested to be included by the Executive and all such other directors
and former directors.  The Company will provide the Executive with a copy of the
written objection received from the underwriter with respect to the inclusion in
the  registration  statement of the Common Stock held by the  Executive or other
directors who are holders of Common Stock.

            c. SEC  Cutback.  If the U.S.  Securities  and  Exchange  Commission
("SEC")  requires  the Company to exclude or cut back the  participation  of the
Executive in any registration  statement with respect to his Common Stock,  then
the Company will include the underlying shares of Common Stock held by Executive
(whether or not he is then serving as a Executive or in any other  capacity with
the Company) in each future registration statement until all of such shares have
been  registered.  The Company  will  provide the  Executive  with a copy of the
correspondence  or written  objection  received from the SEC with respect to the
inclusion  in  the  registration  statement  of the  Common  Stock  held  by the
Executive.

      5. Compliance.  The Company agrees, at its expense, (i) to comply with all
requirements  under  applicable  security laws in connection with this Agreement
and the transactions  contemplated hereby,  including,  without limitation,  the
filing  of a  current  report  on a Form 8-K with  the SEC,  and (ii) to  assist
Executive in connection  with preparing and making any filings he is required to
make under applicable security laws, including,  without limitation,  the filing
of any Forms 4 and/or 5.

      6. COBRA Rights. Under a separate cover, the Company will inform Executive
of  Executive's  rights  to  convert  and  continue  existing  health  insurance
coverage,   if  any,  under  COBRA  following  the  termination  of  Executive's
employment.

      7. No Other Payments. Executive represents, warrants and acknowledges that
the Company owes him no wages,  overtime pay,  commissions,  bonuses,  sick pay,
personal leave pay,  severance  pay,  vacation pay,  business  expenses or other
compensation  or benefits or  payments  or form of  remuneration  of any kind or
nature,  other  than  that  specifically  provided  for  in  this  Agreement  in
connection  with his  employment  and  consultancy by the Company (as opposed to
being a shareholder of the Company).

Separation and  Consulting  Agreement,
effective as of May 16, 2007, between
National Investment Managers, Inc. and                             Company:_____
Leonard Neuhaus                                                  Executive:_____

                                       5
<PAGE>

      8. General  Release and Covenant not to Sue from Executive to the Company.
Executive,  on  Executive's  own  behalf,  and  on  the  behalf  of  Executive's
respective descendants,  dependants, heirs, executors,  administrators,  assigns
and successors,  hereby generally  releases the Company from any and all rights,
actions,  suits, claims or demands of all kinds and descriptions  (collectively,
"Released  Claims") that  Executive ever had, now has or hereafter can, shall or
may have against the Company by reason of or arising out of any act,  matters or
omissions of the Company on or before the date of Executive's  execution of this
Agreement.  Executive  agrees that he will not file or permit to be filed on his
behalf any claim or lawsuit  against the Company  that is within the scope of or
is barred by or in violation of this  release.  Notwithstanding  the  foregoing,
Executive does not waive or release any rights to benefits  currently  vested or
vested  pursuant to the terms of this  Agreement,  the Option  Plan,  the Option
Agreement,  the Warrant,  the warrant  purchased by Executive  and his spouse in
connection  with  50,000  shares  of Series B  Preferred  stock  (the  "Series B
Warrant") or any Company sponsored 401(k) or retirement  plans,  which rights or
benefits shall continue to be governed by the Plan,  the Option  Agreement,  the
Warrant,  Series B Warrant  or other  applicable  plan or  governing  documents,
except as modified  herein.  Further,  notwithstanding  the  foregoing,  nothing
contained herein shall be construed to alter, limit, or release (i) any claim to
indemnification  and/or  contribution  Executive may have pursuant to applicable
law or pursuant  to the  Company's  governance  instruments  for acts  committed
during  the scope of  employment;  (ii)  coverage,  if any,  under  any  Company
liability  insurance  policy;  or (iii) any other  rights  provided to Executive
under paragraph 3 above.

      9. General  Release and Covenant not to Sue from the Company to Executive.
The  Company,  on behalf of itself,  its  shareholders,  parents,  subsidiaries,
affiliates,  divisions, officers, directors, and representatives and each of its
predecessors,  successors and assigns,  hereby generally releases Executive from
any and all Released Claims that the Company ever had, now has or hereafter can,
shall or may have  against  Executive  by reason of or  arising  out of any act,
matters  or  omissions  by  Executive  on or  before  the date of the  Company's
execution of this Agreement.  The Company agrees that it will not file or permit
to be filed on its behalf any claim or lawsuit against  Executive that is within
the scope of or is barred by or in violation of this release.

      10. No Pending  Lawsuits  and No  Assignment  of Claims.  The Parties each
respectively represent and warrant that each has not filed any claim, lawsuit or
administrative  charge  against  the other.  The  Parties  further  respectively
represent and warrant that each has not heretofore  assigned or transferred,  or
purported to assign or transfer, to any person, firm,  corporation or entity any
claim or other matter herein released. Each Party hereby agrees to indemnify the
other and anyone else herein released and hold them harmless against any claims,
costs or expenses, including, without limitation,  attorneys' fees actually paid
or incurred,  arising out of, related to or in any manner  whatsoever  connected
with any such transfer or assignment or purported transfer or assignment.

      11. Consequences of Violation of Promises. If either Party files or makes,
or permits to be filed or made on its  behalf,  a  lawsuit,  charge,  complaint,
appeal or other claim asserting any claim or demand against the other Party that
is within the scope of the claims released in paragraphs 8 and 9 above,  whether
or not such  claim is  otherwise  valid,  in  addition  to any other  rights and
remedies  which may be available to it, the other Party shall be entitled to (i)
immediate  dismissal of any such claims,  (ii) full  enforcement of the terms of
this  Agreement,  and (iii)  recovery  from the  breaching  Party of  reasonable
attorneys'  fees and all costs incurred by it in defending such claims.  Nothing
herein  shall  prohibit  or be deemed to  prohibit  either  Party from filing or
pursuing legal action to enforce the terms of this Agreement.

Separation and  Consulting  Agreement,
effective as of May 16, 2007, between
National Investment Managers, Inc. and                             Company:_____
Leonard Neuhaus                                                  Executive:_____

                                       6
<PAGE>

      12.  Non-Disclosure and Confidentiality.  Executive agrees that, except as
required by law, Executive will not at any time, whether directly or indirectly,
use or divulge,  disclose or communicate to any person,  firm or corporation any
confidential,  secret and/or  proprietary  information  respecting the Company's
business and its transactions,  products and relationships with its customers or
others ("Confidential Information"), whether heretofore or hereafter obtained by
Executive  while in the employ of the Company or as a consultant to the Company.
For purposes of this Agreement,  Confidential Information shall also include any
information or compilation of information  not generally  known to the public or
the industry, that is proprietary or confidential to the Company, its affiliates
and/or those doing  business with the Company and/or its  affiliates,  including
but  not   limited   to   know-how,   process,   techniques,   methods,   plans,
specifications,  trade secrets,  patents,  copyrights,  supplier lists, customer
lists,  mailing lists,  financial  information,  business plans and/or policies,
methods  of  operation,  sales and  marketing  plans  and any other  information
acquired or developed by Executive in the course of his past, present and future
dealings  with  the  Company,  which is not  readily  available  to the  public.
"Confidential Information" shall not include information relating to the general
methodology   and  mechanics   employed  by  Executive  in  the  performance  of
Executive's duties at the Company or that Executive can demonstrate was known to
him  prior to his  employment  with the  Company,  that  was made  available  to
Executive by a third party without obligation of confidentiality.

      13.  Solicitation  of  Customers.  From the date  hereof  and for one year
thereafter  (the  "Non-Competition  Period"),  Executive  shall not influence or
attempt to  influence,  directly or  indirectly,  any customer of the Company to
divert its business away from the Company.

      14. Soliciting Executives.  During the Non-Competition  Period,  Executive
shall not directly or indirectly  solicit any person who is then, or at any time
within six months prior thereto was, an Executive of the Company to work for any
person or entity then in competition with the Company.

      15. Non-Competition.  During the Non-Competition  Period,  Executive shall
not, directly or indirectly,  in any capacity,  engage, own or have any interest
in; manage, operate, join, participate in, accept employment with, render advice
to, or become interested in or be connected with; furnish consultation or advice
to; or permit his name to be used in connection  with; any person or entity that
competes with the business of the Company.  Notwithstanding  the foregoing,  (i)
holding five percent (5%) or less of an interest in the equity, stock options or
debt of any publicly  traded company shall not be considered a violation of this
Section 15 and (ii) the Company agrees and acknowledges that the area of pension
administration for unions,  including but not limited to pension  administration
under  the  Taft-Hartley  Act,  does  not  compete  with the  Company,  and that
Executive's  employment by or rendering of services  during the  Non-Competition
Period for an individual or entity that provides such pension  administration or
pension services for unions does not constitute a violation of this Agreement.

Separation and  Consulting  Agreement,
effective as of May 16, 2007, between
National Investment Managers, Inc. and                             Company:_____
Leonard Neuhaus                                                  Executive:_____

                                       7
<PAGE>

      16.  Company  Property.  At the end of the  Consulting  Period (as defined
herein),  or earlier upon request of the Company,  Executive  shall turn over to
the Company all books, notes, memoranda,  manuals, notebooks,  records and other
documents  made,  compiled by,  delivered to, or in the possession or control of
Executive containing or concerning any Confidential  Information,  including all
copies  thereof,  in any form or format,  including  any  computer  hard  disks,
wherever located, containing such information, it being agreed that the same and
all information contained therein are at all times the exclusive property of the
Company.

      t 6 0 17.  Non-Disparagement.  Executive  and  the  Company  (through  its
officers,  directors or shareholders)  hereby agree that neither will in any way
whatsoever  or  to  any  extent  whatsoever,  whether  orally,  in  writing,  or
otherwise,  disparage,  deprecate,  rebuke, condemn,  slander or libel the other
party,  or do anything which would  directly  interfere (or be expected to) with
the  business,  business  prospects or reputation of the other party or with the
other  party's  existing  or  prospective  client,  vendor,  or  other  business
relationships.  No information  other than  confirmation of Executive's dates of
employment will be provided by the Company in response to any employer  inquiry,
a  request  for  reference  or  otherwise,  except  as  expressly  agreed  to by
Executive.  The Company agrees that upon any request for an employment reference
for Executive, it will respond in favorable terms.

      18. Consulting Arrangement.

            a.  Services;  Term.  In order to provide  for a smooth and  orderly
transition,  Executive shall provide consulting services to the Company from the
Effective  Date through and including July 31, 2007 (the  "Consulting  Period").
During the  Consulting  Period,  Executive (i) may, but will not be required to,
come to the office,  (ii) will consult and provide advice to the Chairman of the
Board,  Chief  Executive  Officer and  President  of the  Company as  reasonably
requested during regular business hours (not to exceed 10 hours per week), (iii)
will  materially  adhere to the  Company's  policies and  procedures,  except as
otherwise   provided  herein  or  to  the  extent  they  are  inconsistent  with
Executive's  status as an independent  contractor for the Company,  (iv) will be
reimbursed  for  reasonable  and necessary  out-of-pocket  expenses  incurred in
connection with his consulting  services to the Company and (v) may pursue other
business  opportunities  provided that they do not conflict with the Executive's
consulting and other  obligations  hereunder.  Nothing in this Section should be
construed to prohibit or limit Executive in any way from obtaining employment or
performing  services for any other  individual or entity  during the  Consulting
Period,  so long as such  employment or services do not violate the  Non-Compete
and Non-Solicitation provisions included in this Agreement.

            b.  Fees.  In  consideration  of  Executive's   consulting  services
provided for by this  paragraph  18, the Company  shall pay Executive a lump sum
payment in the total amount of $180,000 (the "Consulting  Fee") in the form of a
check payable to "Leonard  Neuhaus" upon  Executive's  execution and delivery to
the Company of this Agreement.  Neither  federal,  state, nor local taxes of any
kind  shall be  withheld  or paid by the  Company  on  behalf  of  Executive  in
connection  with  payments made by the Company under this  paragraph  18.b.  The
Company  shall  issue a Form  1099  with  respect  to such  payments.  Executive
acknowledges that as an independent contractor,  Executive will be solely liable
for any taxes or other payments which may be required by federal, state or local
law to be paid on account of any payments made to Executive by the Company under
this paragraph 18.b.

Separation and  Consulting  Agreement,
effective as of May 16, 2007, between
National Investment Managers, Inc. and                             Company:_____
Leonard Neuhaus                                                  Executive:_____

                                       8
<PAGE>

            c.  Consulting  Stock.  50,000 shares of the Company's  Common Stock
shall bt 12 e issued to Executive,  for consulting  services,  upon  Executive's
execution and delivery to the Company of this Agreement, pursuant to paragraph 2
..b of this agreement.

            d. Reimbursement of Expenses.  The Company shall reimburse Executive
for reasonable and necessary  out-of-pocket  expenses which Executive  incurs in
connection with providing  consulting  services  hereunder.  Such  reimbursement
shall be made within 5 days of Executive's submission of the necessary paperwork
therefor.

            e. Independent Contractor. Executive's relationship with the Company
during the  Consulting  Period shall be that of an independent  contractor,  and
nothing in this  Agreement  shall  constitute  Executive as an Executive,  joint
venturer, or partner of the Company.

      19. Approval of this Agreement.  The Company  acknowledges  and represents
that this Agreement and the transactions  contemplated  hereby have been validly
approved by the Company's Board of Directors.

      20. Entire Agreement. With the exception of (i) the terms of the Plan, the
Option  Agreement  and the  Warrant  that  survive  this  Agreement  pursuant to
paragraphs  2.c and 2.d above,  (ii) the  Series B Warrant,  and (iii) any other
agreements  or plans  governing  vested  rights of the  Executive in any Company
sponsored  retirement  and 401(k) plans,  this  Agreement  sets forth the entire
agreement  between  Executive and Company and fully supersedes any and all prior
agreements or  understanding  between them,  including  without  limitation  the
Employment  Agreement and any and all prior  employment  agreements  between the
Executive  and the Company or its  affiliated  companies,  including any addenda
thereto.  This Agreement may not be altered,  modified,  amended or changed,  in
whole or in part,  except in writing  executed by  Executive  and  Company.  The
Company and the Executive acknowledge and agree that they are not relying on and
they may not rely on any oral or written  representation of any kind that is not
set forth in writing in this Agreement.

      21.  Non-Assignment  and Successors and Assigns.  Neither party hereto may
assign his or its rights or  delegate  his or its  duties  under this  Agreement
without the prior written consent of the other party;  provided,  however,  that
(i)  this  Agreement  shall  inure to the  benefit  of and be  binding  upon the
successors and assigns of the Company upon any sale of all or substantially  all
of  the  assets  of  the  Company,   or  upon  any  merger,   consolidation   or
reorganization of the Company with or into any other corporation or entity;  and
(ii) this Agreement shall inure to the benefit of and be binding upon the heirs,
assigns or designees of Executive to the extent of any payments due to Executive
hereunder.  As used in this  Agreement,  the term  "Company"  shall be deemed to
refer  to any  such  successor  or  assign  of the  Company  referred  to in the
preceding sentence.

      22. Waiver. No term or condition of this Agreement shall be deemed to have
been waived,  nor shall there be any  estoppel  against the  enforcement  of any
provision of this  Agreement  except by written  instrument  signed by the party
charged with such waiver or estoppel.  No such written  waiver shall be deemed a
continuing waiver unless specifically stated therein, and each such waiver shall
operate  only  as to the  specific  term  or  condition  waived  and  shall  not
constitute  a waiver of such term or  condition  for the future or as to any act
other than that specifically waived.

Separation and  Consulting  Agreement,
effective as of May 16, 2007, between
National Investment Managers, Inc. and                             Company:_____
Leonard Neuhaus                                                  Executive:_____

                                       9
<PAGE>

      23. Headings. The paragraph headings in this Agreement are for convenience
of  reference  only and shall not be deemed to alter or affect  the  meaning  or
interpretation of any provision hereof.

      24.  Construction.  The Parties agree that the general rule  pertaining to
construction  of contracts  that  ambiguities  are to be  construed  against the
drafter shall not apply to this Agreement.

      25. Severability and Blue Penciling. If any provision of this Agreement is
held to be invalid,  the  remaining  provisions  shall  remain in full force and
effect. However, the invalidity of any such provision shall have no effect upon,
and shall not impair the  enforceability  of the release  language  set forth in
paragraphs  8 and 9 above.  If any court  determines  that any  covenant in this
Agreement,  including,  without limitation, any restrictive covenant or any part
thereof,  is  unenforceable  because it is overly broad,  then such provision or
part  thereof  shall be  modified by reducing  the overly  broad  portion of the
provision  to the maximum  point where it is  enforceable  and, in its  modified
form, such provision shall be enforced.

      26.  Choice of Law and Forum.  This  Agreement  shall be  interpreted  and
enforced in accordance with the laws of the State of New York, without regard to
its conflict-of-law principles. The Parties agree that any dispute concerning or
arising out of this Agreement shall be tried in an appropriate  state or federal
court in New York, New York.

      27. No Admission.  Nothing contained in this Agreement,  nor the fact that
the parties sign this Agreement, shall be considered as an admission of any type
by  either  party.  The  Company  agrees  that it shall  have no right of offset
against any amounts payable to Executive under this Agreement.

      28. Counterparts. This Agreement may be executed in counterparts, and each
counterpart,  when  executed,  shall  have the  efficacy  of a signed  original.
Photographic  and facsimiled  copies of such signed  counterparts may be used in
lieu of the originals for any purpose.

      29. Voluntary and Knowing Execution of Agreement.  Executive  acknowledges
that (i) Executive has been advised by Company to consult an attorney  regarding
the terms and conditions of this Agreement  before  executing it, (ii) Executive
fully understands the terms of this Agreement including, without limitation, the
significance  and  consequences of the General Release in paragraph 8 above, and
(iii) Executive is executing this Agreement voluntarily, knowingly and willingly
and without duress.  Likewise,  the Company acknowledges that (i) it has had the
opportunity  to consult an attorney  regarding the terms and  conditions of this
Agreement before  executing it, (ii) the Company fully  understands the terms of
this Agreement, including, without limitation, the significance and consequences
of the General Release in paragraph 9 above,  and (iii) the Company is executing
this Agreement voluntarily, knowingly and willingly and without duress.

Separation and  Consulting  Agreement,
effective as of May 16, 2007, between
National Investment Managers, Inc. and                             Company:_____
Leonard Neuhaus                                                  Executive:_____

                                       10
<PAGE>

      IN WITNESS  HEREOF,  the  Parties  hereto  have  executed  this  Agreement
effective May 16, 2007.

NATIONAL INVESTMENT MANAGERS, INC.
(Company)

By:/s/Steven Ross                      /s/Leonard Neuhaus
   --------------                         ---------------
Name: Steven Ross                         Leonard Neuhaus

     Title: CEO

Dated: May 16, 2007                    Dated: May 16, 2007
      -------------                           ------------

Separation and  Consulting  Agreement,
effective as of May 16, 2007, between
National Investment Managers, Inc. and                             Company:_____
Leonard Neuhaus                                                  Executive:_____

                                       11EXHIBIT
      4.1

     

    WARRANT

     

    NEITHER
      THIS WARRANT NOR ANY SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE OF THIS
      WARRANT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
      AND
      THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE “SECURITIES
      ACT”).
      THIS
      WARRANT AND THE COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT
      BE
      OFFERED, SOLD, OR OTHERWISE TRANSFERRED IN THE ABSENCE OF REGISTRATION UNDER
      THE
      SECURITIES ACT OR UNLESS SUCH OFFER, SALE OR TRANSFER IS EXEMPT FROM SUCH
      REGISTRATION.

    

    WEST
      COAST CAR COMPANY

     

    COMMON
      STOCK WARRANT

     

    
      	
              No.
                

            	
              May
                15, 2007

            

    

     

    WEST
      COAST CAR COMPANY,
      a
      Delaware corporation (the “Company”),
      hereby certifies that __________________, its permissible transferees,
      designees, successors and assigns (collectively, the “Holder”), for value
      received, is entitled to purchase from the Company at any time commencing on
      the
      effective date (the “Effective Date”), and terminating on the fifth anniversary
      of the date of issuance of this Warrant (the “Termination Date”)
      __________shares (each, a “Share” and collectively the “Shares”) of the
      Company’s common stock, $.001 par value per Share (the “Common Stock”), at an
      exercise price $2.60 per Share (the “Exercise Price”). The number of Shares
      purchasable hereunder and the Exercise Price are subject to adjustment as
      provided in Section 4 hereof. 

     

    1.
      Exercise
      of Warrant.

     

    The
      purchase right represented by this Common Stock Warrant (this "Warrant") is
      exercisable, in whole or in part, at any time and from time to time from and
      after the Effective Date through and including the Termination
      Date.

     

    Upon
      presentation and surrender of this Warrant, accompanied by a completed Election
      to Purchase in the form attached hereto as Exhibit
      A
      (the
“Election
      to Purchase”)
      duly
      executed, at the principal office of the Company currently located at 45 Old
      Millstone Drive, Unit 6, East Windsor, NJ 08520 (or such other office or agency
      of the Company as the Company may designate to the Holder) together with a
      check
      payable to, or wire transfer to, the Company in the amount of the Exercise
      Price
      multiplied by the number of Shares being purchased, the Company or the Company’s
      transfer agent, as the case may be, shall within three (3) business days deliver
      to the Holder hereof certificates of fully paid and non-assessable Common Stock
      which in the aggregate represent the number of Shares being purchased. The
      certificates so delivered shall be in such denominations as may be requested
      by
      the Holder and shall be registered in the name of the Holder or such other
      name
      as shall be designated by the Holder. All or less than all of the purchase
      rights represented by this Warrant may be exercised and, in case of the exercise
      of less than all, the Company, upon surrender hereof, will at the Company’s
      expense deliver to the Holder a new warrant entitling said holder to purchase
      the number of Shares represented by this Warrant which have not been exercised.
      This Warrant may only be exercised to the extent the Company has a sufficient
      number of Shares of Common Stock available for issuance at the time of any
      exercise. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    2.
      Warrant.

     

    (a) Exchange,
      Transfer and Replacement.
      At any
      time prior to the exercise hereof, this Warrant may be exchanged upon
      presentation and surrender to the Company, alone or with other warrants of
      like
      tenor of different denominations registered in the name of the same Holder,
      for
      another warrant or warrants of like tenor in the name of such Holder exercisable
      for the aggregate number of Shares as the warrant or warrants
      surrendered.

     

    (b) Replacement
      of Warrant.
      Upon
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction, or mutilation of this Warrant and, in the case of any such loss,
      theft, or destruction, upon delivery of an indemnity agreement reasonably
      satisfactory in form and amount to the Company, or, in the case of any such
      mutilation, upon surrender and cancellation of this Warrant, the Company, at
      its
      expense, will execute and deliver in lieu thereof, a new Warrant of like
      tenor.

     

    Cancellation;
      Payment of Expenses.
      Upon
      the surrender of this Warrant in connection with any transfer, exchange or
      replacement as provided in this Section 2, this Warrant shall be promptly
      canceled by the Company. The Holder shall pay all taxes and all other expenses
      (including legal expenses, if any, incurred by the Holder or transferees) and
      charges payable in connection with the preparation, execution and delivery
      of
      Warrants pursuant to this Section 2. 

     

    Warrant
      Register.
      The
      Company shall maintain, at its principal executive offices (or at the offices
      of
      the transfer agent for the Warrant or such other office or agency of the Company
      as it may designate by notice to the holder hereof), a register for this Warrant
      (the “Warrant Register”), in which the Company shall record the name and address
      of the person in whose name this Warrant has been issued, as well as the name
      and address of each transferee and each prior owner of this
      Warrant.

     

    3.
      Rights
      and Obligations of Holders of this Warrant.
      The
      Holder of this Warrant shall not, by virtue hereof, be entitled to any rights
      of
      a stockholder in the Company, either at law or in equity; provided,
      however,
      that in
      the event any certificate representing shares of Common Stock or other
      securities is issued to the holder hereof upon exercise of this Warrant, such
      holder shall, for all purposes, be deemed to have become the holder of record
      of
      such Common Stock on the date on which this Warrant, together with a duly
      executed Election to Purchase, was surrendered and payment of the aggregate
      Exercise Price was made, irrespective of the date of delivery of such Common
      Stock certificate.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.
      Adjustments.
      

     

    (a) Stock
      Dividends, Reclassifications, Recapitalizations, Etc.
      In the
      event that after the Effective Date the Company: (i) pays a dividend in
      Common Stock or makes a distribution in Common Stock, (ii) subdivides its
      outstanding Common Stock into a greater number of shares, (iii) combines
      its outstanding Common Stock into a smaller number of shares or
      (iv) increases or decreases the number of shares of Common Stock
      outstanding by reclassification of its Common Stock (including a
      recapitalization in connection with a consolidation or merger in which the
      Company is the continuing corporation), then (1) the Exercise Price on the
      record date of such division or distribution or the effective date of such
      action shall be adjusted by multiplying such Exercise Price by a fraction,
      the
      numerator of which is the number of shares of Common Stock outstanding
      immediately before such event and the denominator of which is the number of
      shares of Common Stock outstanding immediately after such event, and
      (2) the number of shares of Common Stock for which this Warrant may be
      exercised immediately before such event shall be adjusted by multiplying such
      number by a fraction, the numerator of which is the Exercise Price immediately
      before such event and the denominator of which is the Exercise Price immediately
      after such event.

     

    (b) Cash
      Dividends and Other Distributions.
      In the
      event that at any time or from time to time the Company shall distribute to
      all
      holders of Common Stock (i) any dividend or other distribution of cash,
      evidences of its indebtedness, shares of its capital stock or any other
      properties or securities or (ii) any options, warrants or other rights to
      subscribe for or purchase any of the foregoing (other than in each case,
      (w) the issuance of any rights under a shareholder rights plan,
      (x) any dividend or distribution described in Section 4(a), (y) any
      rights, options, warrants or securities described in Section 4(c) and (z) any
      cash dividends or other cash distributions from current or retained earnings),
      then the number of shares of Common Stock issuable upon the exercise of this
      Warrant shall be increased to a number determined by multiplying the number
      of
      shares of Common Stock issuable upon the exercise of this Warrant immediately
      prior to the record date for any such dividend or distribution by a fraction,
      the numerator of which shall be such Current Market Value (as hereinafter
      defined) per share of Common Stock on the record date for such dividend or
      distribution, and the denominator of which shall be such Current Market Value
      per share of Common Stock on the record date for such dividend or distribution
      less the sum of (x) the amount of cash, if any, distributed per share of Common
      Stock and (y) the fair value (as determined in good faith by the Board of
      Directors of the Company, whose determination shall be evidenced by a board
      resolution, a copy of which will be sent to the Holders upon request) of the
      portion, if any, of the distribution applicable to one share of Common Stock
      consisting of evidences of indebtedness, shares of stock, securities, other
      property, warrants, options or subscription or purchase rights; and the Exercise
      Price shall be adjusted to a number determined by dividing the Exercise Price
      immediately prior to such record date by the above fraction. Such adjustments
      shall be made whenever any distribution is made and shall become effective
      as of
      the date of distribution, retroactive to the record date for any such
      distribution. No adjustment shall be made pursuant to this Section 4(b) which
      shall have the effect of decreasing the number of shares of Common Stock
      issuable upon exercise of this Warrant or increasing the Exercise Price.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (c) Combination;
      Liquidation.
      (i) In the event of a Combination (as defined below), each Holder shall
      have the right to receive upon exercise of the Warrant the kind and amount
      of
      shares of capital stock or other securities or property which such Holder would
      have been entitled to receive upon or as a result of such Combination had such
      Warrant been exercised immediately prior to such event (subject to further
      adjustment in accordance with the terms hereof). Unless paragraph (ii) is
      applicable to a Combination, the Company shall provide that the surviving or
      acquiring Person (the “Successor Company”) in such Combination will assume by
      written instrument the obligations under this Section 4 and the obligations
      to deliver to the Holder such shares of stock, securities or assets as, in
      accordance with the foregoing provisions, the Holder may be entitled to acquire.
      “Combination” means an event in which the Company consolidates with, mergers
      with or into, or sells all or substantially all of its assets to another Person,
      where “Person” means any individual, corporation, partnership, joint venture,
      limited liability company, association, joint-stock company, trust,
      unincorporated organization, government or any agency or political subdivision
      thereof or any other entity; (ii) In the event of (x) a Combination where
      consideration to the holders of Common Stock in exchange for their shares is
      payable solely in cash or (y) the dissolution, liquidation or winding-up of
      the
      Company, the Holders shall be entitled to receive, upon surrender of their
      Warrant, distributions on an equal basis with the holders of Common Stock or
      other securities issuable upon exercise of the Warrant, as if the Warrant had
      been exercised immediately prior to such event, less the Exercise Price. In
      case
      of any Combination described in this Section 4, the surviving or acquiring
      Person and, in the event of any dissolution, liquidation or winding-up of the
      Company, the Company, shall deposit promptly with an agent or trustee for the
      benefit of the Holders of the funds, if any, necessary to pay to the Holders
      the
      amounts to which they are entitled as described above. After such funds and
      the
      surrendered Warrant are received, the Company is required to deliver a check
      in
      such amount as is appropriate (or, in the case or consideration other than
      cash,
      such other consideration as is appropriate) to such Person or Persons as it
      may
      be directed in writing by the Holders surrendering such Warrant.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    a. Notice
      of Adjustment.
      Whenever the Exercise Price or the number of shares of Common Stock and other
      property, if any, issuable upon exercise of the Warrant is adjusted, as herein
      provided, the Company shall deliver to the holders of the Warrant in accordance
      with Section 10 a certificate of the Company’s Chief Financial Officer
      setting forth, in reasonable detail, the event requiring the adjustment and
      the
      method by which such adjustment was calculated (including a description of
      the
      basis on which (i) the Board of Directors determined the fair value of any
      evidences of indebtedness, other securities or property or warrants, options
      or
      other subscription or purchase rights and (ii) the Current Market Value of
      the
      Common Stock was determined, if either of such determinations were required),
      and specifying the Exercise Price and number of shares of Common Stock issuable
      upon exercise of Warrant after giving effect to such adjustment.

     

    Notice
      of Certain Transactions.
      In the
      event that the Company shall propose (a) to pay any dividend payable in
      securities of any class to the holders of its Common Stock or to make any other
      non-cash dividend or distribution to the holders of its Common Stock,
      (b) to offer the holders of its Common Stock rights to subscribe for or to
      purchase any securities convertible into shares of Common Stock or shares of
      stock of any class or any other securities, rights or options, (c) to
      effect any capital reorganization, reclassification, consolidation or merger
      affecting the class of Common Stock, as a whole, or (d) to effect the
      voluntary or involuntary dissolution, liquidation or winding-up of the Company,
      the Company shall, within the time limits specified below, send to each Holder
      a
      notice of such proposed action or offer. Such notice shall be mailed to the
      Holders at their addresses as they appear in the Warrant Register (as defined
      in
      Section 2(d)),
      which
      shall specify the record date for the purposes of such dividend, distribution
      or
      rights, or the date such issuance or event is to take place and the date of
      participation therein by the holders of Common Stock, if any such date is to
      be
      fixed, and shall briefly indicate the effect of such action on the Common Stock
      and on the number and kind of any other shares of stock and on other property,
      if any, and the number of shares of Common Stock and other property, if any,
      issuable upon exercise of each Warrant and the Exercise Price after giving
      effect to any adjustment pursuant to Section 4 which will be required as a
      result of such action. Such notice shall be given as promptly as possible and
      (x) in the case of any action covered by clause (a) or (b) above, at least
      ten
      (10) days prior to the record date for determining holders of the Common Stock
      for purposes of such action or (y) in the case of any other such action, at
      least twenty (20) days prior to the date of the taking of such proposed action
      or the date of participation therein by the holders of Common Stock, whichever
      shall be the earlier.

     

    b. Current
      Market Value.“Current
      Market Value” per share of Common Stock or any other security at any date means
      (i) if the security is not registered under the Securities Exchange Act of
      1934
      and/or traded on a national securities exchange, quotation system or bulletin
      board, as amended (the “Exchange Act”), (a) the value of the security,
      determined in good faith by the Board of Directors of the Company and certified
      in a board resolution, based on the most recently completed arm’s-length
      transaction between the Company and a Person other than an affiliate of the
      Company or between any two such Persons and the closing of which occurs on
      such
      date or shall have occurred within the six-month period preceding such date,
      or
      (b) if no such transaction shall have occurred within the six-month period,
      the
      value of the security as determined by an independent financial expert or an
      agreed upon financial valuation model or (ii) if the security is registered
      under the Exchange Act and/or traded on a national securities exchange,
      quotation system or bulletin board, the average of the daily closing bid prices
      (or the equivalent in an over-the-counter market) for each day on which the
      Common Stock is traded for any period on the principal securities exchange
      or
      other securities market on which the common Stock is being traded (each, a
      “Trading Day”) during the period commencing thirty (30) days before such date
      and ending on the date one day prior to such date.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5. Fractional
      Shares.
      In lieu
      of issuance of a fractional share upon any exercise hereunder, the Company
      will
      pay the cash value of that fractional share, calculated on the basis of the
      Exercise Price. 

     

    6. Legends.
      Prior
      to issuance of the shares of Common Stock underlying this Warrant, all such
      certificates representing such shares shall bear a restrictive legend to the
      effect that the Shares represented by such certificate have not been registered
      under the 1933 Act, and that the Shares may not be sold or transferred in the
      absence of such registration or an exemption therefrom, such legend to be
      substantially in the form of the bold-face language appearing at the top of
      Page
      1 of this Warrant. 

     

    7. Call
      Rights.
      The
      Company shall have the right to call the
      exercise of all, or  the
      remaining portion of this Warrant outstanding and unexercised
      at the
 Exercise
      Price in the event (i) the Volume Weighted Average Price (“VWAP”)  of
      the
      Company’s Common Stock equals or exceeds $8.00 per share during any  twenty
      (20) consecutive trading days and (ii) all Shares for which this Warrant
 is
      exercisable are registered for resale by the Holder (the “Call Conditions”).
 For
      the
      purposes of this Warrant, the VWAP shall be the volume weighted  average
      price reported by Bloomberg for the Common Stock. Within ten (10)  business
      days of the Call Conditions, the Company shall deliver a notice to each
 registered
      Holder of the Warrants setting for the number of Warrants held and  the
      dollar amount due to exercise the Warrants (the “Call Notice”). Each
 Holder
      shall have thirty (30) calendar days from the receipt of the Call Notice to
       exercise
      the remaining balance of the Warrant (the “Call Period”). Upon the  expiration
      of the Call Period, any unexercised Warrant shall automatically  expire.
      

    

    8.
      Disposition
      of Warrants or Shares.
      The
      Holder of this Warrant, each transferee hereof and any holder and transferee
      of
      any Shares, by his or its acceptance thereof, agrees that no public distribution
      of Warrants or Shares will be made in violation of the provisions of the
      Securities Act of 1933, as amended. Furthermore, it shall be a condition to
      the
      transfer of this Warrant that any transferee thereof deliver to the Company
      his
      or its written agreement to accept and be bound by all of the terms and
      conditions contained in this Warrant. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    9. Merger
      or Consolidation.
      The
      Company will not merge or consolidate with or into any other corporation, or
      sell or otherwise transfer its property, assets and business substantially
      as an
      entirety to another corporation, unless the corporation resulting from such
      merger or consolidation (if not the Company), or such transferee corporation,
      as
      the case may be, shall expressly assume, by supplemental agreement reasonably
      satisfactory in form and substance to the Holder, the due and punctual
      performance and observance of each and every covenant and condition of this
      Warrant to be performed and observed by the Company.

     

    10. Notices.
      Except
      as otherwise specified herein to the contrary, all notices, requests, demands
      and other communications required or desired to be given hereunder shall only
      be
      effective if given in writing by certified or registered U.S. mail with return
      receipt requested and postage prepaid; by private overnight delivery service
      (e.g. Federal Express); by facsimile transmission (if no original documents
      or
      instruments must accompany the notice); or by personal delivery. Any such notice
      shall be deemed to have been given (a) on the business day immediately following
      the mailing thereof, if mailed by certified or registered U.S. mail as specified
      above; (b) on the business day immediately following deposit with a private
      overnight delivery service if sent by said service; (c) upon receipt of
      confirmation of transmission if sent by facsimile transmission; or (d) upon
      personal delivery of the notice. All such notices shall be sent to the following
      addresses (or to such other address or addresses as a party may have advised
      the
      other in the manner provided in this Section 10):

     

    If
      to the Company:

     

    West
      Coast Car Company

    45
      Old
      Millstone Drive, Unit #6, East Windsor, NJ 08520

    Attention:
      David Du

    Facsimile:
      (609) 426 8996

     

    If
      to the Holder:

    

    Notwithstanding
      the time of effectiveness of notices set forth in this Section, an Election
      to
      Purchase shall not be deemed effectively given until it has been duly completed
      and submitted to the Company together with this original Warrant and payment
      of
      the Exercise Price in a manner set forth in this Section.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    11. Governing
      Law.
      This
      Warrant shall be governed by and construed in accordance with the laws of the
      State of Delaware applicable to contracts made and to be performed in the State
      of Delaware. 

     

    12. Successors
      and Assigns.
      This
      Warrant shall be binding upon and shall inure to the benefit of the parties
      hereto and their respective successors and assigns.

     

    13. Headings.
      The
      headings of various sections of this Warrant have been inserted for reference
      only and shall not affect the meaning or construction of any of the provisions
      hereof.

     

    14. Severability.
      If any
      provision of this Warrant is held to be unenforceable under applicable law,
      such
      provision shall be excluded from this Warrant, and the balance hereof shall
      be
      interpreted as if such provision were so excluded.

     

    15. Modification
      and Waiver.
      This
      Warrant and any provision hereof may be amended, waived, discharged or
      terminated only by an instrument in writing signed by the Company and the
      Holder. 

     

    16. Specific
      Enforcement.
      The
      Company and the Holder acknowledge and agree that irreparable damage would
      occur
      in the event that any of the provisions of this Warrant were not performed
      in
      accordance with their specific terms or were otherwise breached. It is
      accordingly agreed that the parties shall be entitled to an injunction or
      injunctions to prevent or cure breaches of the provisions of this Warrant and
      to
      enforce specifically the terms and provisions hereof, this being in addition
      to
      any other remedy to which either of them may be entitled by law or
      equity.

     

    17. Assignment.
      Subject
      to prior written approval by the Company, this Warrant may be transferred or
      assigned, in whole or in part, at any time and from time to time by the then
      Holder by submitting this Warrant to the Company together with a duly executed
      Assignment in substantially the form and substance of the Form of Assignment
      which accompanies this Warrant, as Exhibit B hereto, and, upon the
      Company’s receipt hereof, and in any event, within three (3) business days
      thereafter, the Company shall issue a warrant to the Holder to evidence that
      portion of this Warrant, if any as shall not have been so transferred or
      assigned. 

     

    (signature
      page immediately follows)

    
      
         

      

      
         

        
          

        

      

       

    

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be duly executed,
      manually or by facsimile, by one of its officers thereunto duly
      authorized.

    
      	 	 	 
	 	
              WEST
                COAST CAR COMPANY

            
	 
 	 
 	 
 
	
              Date:
                __________, 2007

            	By:  	
            
	 	
              

              Name: Qingtai
                Liu

              Title: President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]