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Finder's Fee Agreement

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Title:

Finder's Fee Agreement

Entities:

iQ Power Technology Inc.; Power Technology, Inc.; EH & P Investments AG

Date:

2001

Size:

Preview shows 1KB of 12KB total

Price:

$38

ID:

#143326

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                             FINDER'S FEE AGREEMENT



BETWEEN:          iQ POWER TECHNOLOGY INC. (the "Issuer")

                  Erlenhof Park

                  Inselkammer Strasse 4

                  D-82008 Unterhaching, Germany



AND:              EH & P INVESTMENTS AG (the "Finder")

                  Buglistr. 6, P.O. Box 465

                  8027 Zurich, Switzerland



In  consideration  of the  services  of the  Finder  in  arranging  the  private

placement of the shares reflected in the share subscription attached as Schedule

"A" (the "Subscription"), the Issuer agrees to pay the Finder a fee of US$30,000

by the issue of 120,000 fully paid and non-assessable  shares of the Issuer (the

"Shares") at a deemed price of US$0.25 per Share on the Issuer's  receipt of the

full purchase  price for, and the  conclusion  of the private  placement of, the

shares subscribed for under the Subscription. The Finder hereby agrees to accept

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