Consultant
Agreement
Signing Date: April 26,
2007
Signing Place:
Xi’an China
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Party A: Expert Network (Shenzhen)
Company Limited
Representative: ZHU Xiaoxin
Party B: Fujian Internet Consultants
Limited
Representative: WANG Lu Fei
In order to speed up the development of
Party A’s e-government construction projects in various area
of the Western District of China and enhance the competitiveness
and efficiency in Party A’s e-government business, Party A
hereby appoints Party B as the consultant. Both Party A and Party B
reached the following agreement based on the principles of equality
and mutual benefit after friendly negotiation:
1.
Party A agrees to appoint Party B as the
project consultant for Party A and party B agrees to accept such
appointment to assist Party A in providing a series of services to
promote Party A’s e-government construction project in the
Western District of China.
2.
It is hereby confirmed by both Party A
and Party B that as a consideration of Party B perfuming the above
mentioned services, Party A agrees to pay the consultant fee to
Party B, details of such consultant fee are as follows:
2.1
The amount of the consultation fee:
Party A shall pay Party B a consultant fee equals to 5% of the
total contract sum (excluding the cost of Hardware Platform
purchased on behalf of the project owner). Party A shall have the
final decision in determining the amount of such consultant fee
which Party B cannot object to.
2.2
Payment:
Party A shall pay the consultant fee by way of common stock of its
parent company China Expert Technology Inc. (OCTBB trade symbol:
CXTI). Both Party A and Party B agree that the common stock will be
received by the person designated by Party B.
2.3
Calculation Method of the Common Stock
Value:
The common stock to be issued is valued at the average of the daily
market closing price of CXTI’s common stock traded in the
previous 10 trading
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days before the date of signing of any
main contract of any e-government projects by Party A.
2.4
Time of Payment:
Party A shall pay the consultant fee to Party B in 2 installments.
The first installment, 80% of the consultant fee shall be made
within 10 calendar days from the date Party A successfully signed a
main contract with the City Government sourced by Party B. The
second installment, 20%of the consultant fee shall be made within
10 calendar days after the works of the same e-government project
is commenced.
2.5
Remarks:
Upon completion of the first phase of the e-government project
under the main contract signed between Party A and the City
Government sourced by Party B, Party A shall be able to continue to
construct any further phases of the same e-government project or
make any other construction contracts with the same City Government
for the constructions of other projects without the consent of
Party B and/or without paying any further commission to Party B.
3.
Rights and obligations of Party A and
Party B
3.1
Rights and obligations of Party
A
3.1.1
Party B shall regularly provide Party A
with all the true and updated information regarding the
e-government project and the owner of the project.
3.1.2
Party A shall have the right of priority
to access the updated information regarding the Project
and
