Agreement

CURRENT CAPITAL CORP.

SUITE 200, 47 AVENUE ROAD

TORONTO, ONTARIO M5R 2G3

April 1, 2003

Mr. Terence Robinson

Chief Executive Officer

Dealcheck.com Inc.

47 Avenue Road, Suite 200

Toronto, Ontario M5R 2G3

Dear Mr. Robinson:

RE:  Investor Relations Contract

This letter confirms the terms of the agreement (“Agreement”) between Bontan Corporation Inc. (“Corporation”) and Current Capital Corp. (“CCC”).

1.

Recitals.

The Corporation has agreed to engage CCC as an independent contractor and consultant to provide Investor Relations service solutions to the Corporation, and CCC has agreed to provide these services to the Corporation, subject to the terms and conditions described in this letter.

2,

Terms.

The initial term of the engagement is for a period of 12 months from the date of this letter.  This agreement will be automatically renewed at the end of the initial term for an additional 12 months.  Either party may cancel this Agreement by delivering a 30-day written notice.

3.

Services.

CCC will provide to the Corporation the foll