
顾问协议(原文)
ADVISORY AGREEMENT WITH L-AGRICULTURE
COMPANY
THIS AGREEMENT (the “Agreement”) dated as of January 14, 2008 by
and between L-Agriculture
Company and their subsidiaries
and their subsidiaries and affiliates (collectively the “The
Company”), and Hickey Freihofner Advisors, LLC (the “Advisor.”)
W I T N E S S E T H:
WHEREAS, the Company desires to retain the
Advisor and the Advisor desires to be retained by the Company
pursuant to the terms and conditions hereinafter set forth:
NOW, THEREFORE, in consideration of the
foregoing and the mutual promises and covenants herein contained,
it is hereby agreed as follows:
SECTION 1. Retention.
1. The Company hereby retains the Advisor for
one year from the date of this agreement to perform the services
set forth in this Section and the Advisor hereby accepts such
retention and shall perform for the Company the duties described
herein, faithfully and to the best of its ability.
SECTION 2. SERVICES TO BE PERFORMED
2. The Advisor shall serve as a business
advisor to the Company and render such advice and services to the
Company as may be reasonably requested by the Company for the
purpose of preparation for a pre-APO financing, a reverse merger
and PIPE financing in the U.S. Specifically:
2.1 Due diligence: The
Advisor will work with the Company to assemble a complete due
diligence package for investors.
2.2 Financial advisory: The
Advisor will assist the Company to devise the best financial
structure for the financing.
2.3 Business plan: The Advisor
will help construct a business plan that fits the business plan
format of U.S. investors. This is crucial for
communicating with the investment community.
2.4 Forecast development: The
Advisor will analyze and coordinate with the Company to develop
financial forecasts based on the business
plan.
2.5 Presentation materials.
Advisor will assist the Company with creating an investor
PowerPoint presentation.
2.6 Super 8K SEC filing: The
Advisor will coordinate with the Company’s SEC attorney to file the
Super 8K statement required by the SEC.
2.7 Investor Relations: The
Advisor will recommend two investment relations firms and two
independent research firms for the Company to choose from which
helps build liquidity after the reverse merger is complete.
2.8 Public Shell: The Advisor will provide a full
reporting OTCBB public shell that is suitable for the Company to
complete it’s reverse merger for 5% equity and cash. The cash cost
of the shell will be paid by the investors from the proceeds the
PIPE financing. Market conditions determine the cash cost of the
shell, however the Advisor will use it’s best efforts to keep the
cash cost below $600,000.
2.9 Audit: Advisor will coordinate with the
auditor in completing the US GAAP audit, essential for the reverse
merger and PIPE.
2.10 Legal work: The Advisor will recommend a
qualified legal firm and coordinate with them to complete the
reverse merger and PIPE.
SECTION 3. Compensation
For the above services the Advisor will receive $100,000 USD in
cash fees to cover expences due at the closing of
the pre-APO financing. Additionally, at the election of the
Advisor, the Advisor will receive 5% equity (non-dilutive until
after the first PIPE financing) or $20,000 USD cash. The Company
will have the option to acquire the 5% equity shares back from the
Advisor for $1,000 if the Company does not complete its reverse
merger within six months of the completion of the U.S. GAAP
audit.
Except as otherwise provided for herein:
a) All fees due to the Advisor hereunder shall
have no offsets, are non-refundable, non-cancelable and shall be
free and clear of any and all encumbrances.
SECTION 4.
Termination.
The Term of this Agreement shall be for 12 months, commencing on
the first date appearing on this Agreement, after which time this
Agreement will continue until terminated by either party by giving
30 days written notice to the other
party.
SECTION 5. Confidential
Information.
The Advisor agrees that during and after the Term, it will keep
in strictest confidence, and will not disclose or make accessible
to any other person without the written consent of the Company, the
Company's products, services and technology, both current and under
development, promotion and marketing programs, lists, trade secrets
and other confidential and proprietary business information of the
Company or any of its clients and third parties including, without
limitation, Proprietary Information (all of the foregoing is
referred to herein as the “Confidential
Information”). The Advisor agrees (a) not to use
any such Confidential Information for himself or others; and (b)
not to take any such material or reproductions thereof from the
Company's facilities at any time during the Term except, in each
case, as required in connection with the Advisor's duties
hereunder.
Notwithstanding the foregoing, the parties agree that the
Advisor is free to use (a) information in the public domain not as
a result of a breach of this Agreement, (b) information lawfully
received form a third party who had the right to disclose such
information and (c) the Advisor’s own independent skill, knowledge,
know-how and experience to whatever extent and in whatever way it
wishes, in each case consistent with its obligations as the Advisor
and that, at all times, the Advisor is free to conduct any research
relating to the Company’s business.
SECTION 6. Ownership of Proprietary
Information.
The Advisor agrees that all information that has been created,
discovered or developed by the Company, its subsidiaries,
affiliates, licensors, licensees, successors or assigns
(collectively, the "Affiliates") (including, without limitation,
information relating to the development of the Company's business
created, discovered, developed by the Company or any of its
affiliates during the Term, and information relating to the
Company's customers, suppliers, advisors, and licensees) and/or in
which property rights have been assigned or otherwise conveyed to
the Company or the Affiliates, shall be the sole property of the
Company or the Affiliates, as
applicable, and the Company or the Affiliates, as the case may be,
shall be the sole owner of all patents, copyrights and other rights
in connection therewith, including without limitation the right to
make application for statutory protection. All
the aforementioned information is hereinafter called "Proprietary
Information." By way of illustration, but not
limitation, Proprietary Information includes trade secrets,
processes, discoveries, structures, inventions, designs, ideas,
works of authorship, copyrightable works, trademarks, copyrights,
formulas, improvements, inventions, product concepts, techniques,
marketing plans, merger and acquisition targets, strategies,
forecasts, blueprints, sketches, records, notes, devices, drawings,
customer lists, patent applications, continuation applications,
continuation-in-part applications, file wrapper continuation
applications and divisional applications and information about the
Company's Affiliates, its employees and/or advisors (including,
without limitation, the compensation, job responsibility and job
performance of such employees and/or advisors).
All original content, proprietary information, trademarks,
copyrights, patents or other intellectual property created by the
Advisor that does not include any specific information relative to
the Company’s proprietary information, shall be the sole and
exclusive property of the Advisor.
SECTION 7. Indemnification.
The Company represents that all materials provided or to be
provided to the Advisor or any third party regarding the Company’s
financial affairs or operations are and shall be truthful and
accurate and in compliance with any and all applicable federal and
state securities laws. The Company agrees to indemnify and hold
harmless the Advisor and its advisors, professionals and
affiliates, the respective directors, officers, partners, members,
managers, agents and employees and each other person, if any,
controlling the Advisor or any of its affiliates to the full extent
lawful, from and against all losses, claims, damages, liabilities
and expenses incurred by them (including reasonable attorneys' fees
and disbursements) that result from actions taken or omitted to be
taken (including any untrue statements made or any statement
omitted to be made) by the Company, its agents or employees which
relate to the scope of this Agreement and the performance of the
services by the Advisor contemplated hereunder.
The Advisor will indemnify and hold harmless the Company and the
respective directors, officers, agents, affiliates and employees of
the Company from and against all losses, claims damages,
liabilities and expenses that result from bad faith, gross
negligence or unauthorized representations of the
Advisor. Each person or entity seeking
indemnification hereunder shall promptly notify the Company, or the
Advisor, as applicable, of any loss, claim, damage or expense for
which the Company or the Advisor, as applicable, may become liable
pursuant to this Section 6. No party shall pay, settle or
acknowledge liability under any such claim without consent of the
party liable for indemnification, and shall permit the Company or
the Advisor, as applicable, a reasonable opportunity to cure any
underlying problem or to mitigate actual or potential
damages. The scope of this indemnification
between the Advisor and the Company shall be limited to, and
pertain only to certain transactions contemplated or entered into
pursuant to this Agreement.
The Company or the Advisor, as applicable, shall have the
opportunity to defend any claim for which it may be liable
hereunder, provided it notifies the party claiming the right to
indemnification in writing within fifteen (15) days of notice of
the claim.
The rights stated pursuant to this Section 6 shall be in addition
to any rights that the Advisor, the Company, or any other person
entitled to indemnification may have in common law or otherwise,
including, but not limited to, any right to contribution.
SECTION 8. Notices.
Any notice or other communication under this Agreement shall be
in writing and shall be deemed to have been duly given: (a) upon
facsimile transmission (with written transmission confirmation
report) at the number designated below; (b) when delivered
personally against receipt therefore; (c) one day after being sent
by Federal Express or similar overnight delivery; or (d) five (5)
business days after being mailed registered or certified mail,
postage prepaid. The addresses for such
communications shall be as set forth below or to such other address
as a party shall give by notice hereunder to the other party to
this Agreement.
If to the
Company: L-Agriculture
Insert address here
If to the
Advisor: Hickey
Freihofner Advisors, LLC
2 Sharon Lane
Scarsdale, NY 10583
Attention: Greg Freihofner
Fax: 646-723-5233
SECTION 9. Status of
Advisor.
The Advisor shall be deemed to be an independent contractor and,
except as expressly provided or authorized in this Agreement, shall
have no authority to act for on behalf of or represent the
Company. This Agreement does not create a
partnership or joint venture.
SECTION 10. Successors and
Assigns.
This Agreement and all of the provisions hereof shall be binding
upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns. This
Agreement and any of the rights, interests or obligations hereunder
may be assigned by the Advisor. This Agreement and any of the
rights, interests or obligations hereunder may not be assigned by
the Company without the prior written consent of the Advisor, which
consent shall not be unreasonably
withheld.
SECTION 11. Severability of
Provisions.
If any provision of this Agreement shall be declared by a court
of competent jurisdiction to be invalid, illegal or incapable of
being enforced in whole or in part, the remaining conditions and
provisions or portions thereof shall nevertheless remain in full
force and effect and enforceable to the extent they are valid,
legal and enforceable, and no provision shall be deemed dependent
upon any other covenant or provision unless so expressed
herein.
SECTION 12. Entire Agreement;
Modification.
This Agreement and the schedule hereto contains the entire
agreement of the parties relating to the subject matter hereof, and
the parties hereto and thereto have made no agreements,
representations or warranties relating to the subject matter of
this Agreement which are not set forth herein. No
amendment or modification of this Agreement shall be valid unless
made in writing and signed by each of the parties hereto.
SECTION 13. Non-Waiver.
The failure of any party to insist upon the strict performance
of any of the terms, conditions and provisions of this Agreement
shall not be construed as a waiver or relinquishment of future
compliance therewith; and the said terms, conditions and provisions
shall remain in full force and effect. No waiver
of any term or condition of this Agreement on the part of any party
shall be effective for any purpose whatsoever unless such waiver is
in writing and signed by such party.
SECTION 14. Remedies For
Breach.
The Advisor and Company mutually agree that any breach of this
Agreement by the Advisor or the Company may cause irreparable
damage to the other party and/or their affiliates, and that
monetary damages alone would not be adequate and, in the event of
such breach or threat of breach, the damaged party shall have, in
addition to any and all remedies at law and without the posting of
a bond or other security, the right to an injunction, specific
performance or other equitable relief necessary to prevent or
redress the violation of either party's obligations under such
Sections. In the event that an actual proceeding
is brought in equity to enforce such Sections, the offending party
shall not urge as a defense that there is an adequate remedy at law
nor shall the damaged party be prevented from seeking any other
remedies that may be available to it. The
defaulting party shall pay all attorney’s fees and costs incurred
by the other party in enforcing this Agreement.
SECTION 15. Governing
Law.
The parties hereto acknowledge that the transactions
contemplated by this Agreement bear a reasonable relation to the
state of New York. This Agreement shall be governed by, and
construed and interpreted in accordance with, the internal laws of
the state of New York without regard to such state’s principles of
conflicts of laws. The parties irrevocably and
unconditionally agree that the exclusive place of jurisdiction for
any action, suit or proceeding (“Actions”) relating to this
Agreement shall be in the state and/or federal courts situated in
the county and state of New York. Each party
irrevocably and unconditionally waives any objection it may have to
the venue of any Action brought in such courts or to the
convenience of the forum. Final judgment in any
such Action shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment, a certified or true copy of
which shall be conclusive evidence of the fact and the amount of
any indebtedness or liability of any party therein described.
Service of process in any Action by any party may be made by
serving a copy of the summons and complaint, in addition to any
other relevant documents, by commercial overnight courier to any
other party at their address set forth in this Agreement.
SECTION 16. Headings.
The headings of the Sections are inserted for convenience of
reference only and shall not affect any interpretation of this
Agreement.
SECTION 17. Counterparts.
This Agreement may be executed in counterpart signatures, each
of which shall be deemed an original, but all of which, when taken
together, shall constitute one and the same instrument, it
being understood that both parties need not sign the same
counterpart. In the event that any signature is
delivered by facsimile transmission, such signature shall create a
valid and binding
obligation of the party executing (or on whose behalf such
signature is executed) the same with the same force and effect as
if such facsimile signature page were an original thereof.
[Signature
Page Immediately Follows]
IN WITNESS WHEREOF, the
parties hereto have executed this Agreement of
eight (8) pages as of the day and year first
written above.
L-Agriculture
Company
Signature:
¬¬¬________________________________
Name:___________________________________
Hickey Freihofner Advisors, LLC
By:_________________________________
Greg
Freihofner
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