THIS CONSULTING AGREEMENT (“Agreement”) is made and entered into on this the 16th day of September, 2008 by and between Halter Capital Corporation, a Texas corporation (“HCC”), and KUN RUN Biotechnology LTD., a Hong Kong Holding Company (the “Company”) .
W I T N E S S E T H:
WHEREAS, the Company desires to engage HCC to provide certain consulting services for the benefit of the Company as specifically enumerated below commencing as of the date hereof, and HCC is willing to be so engaged;
NOW, THEREFORE, for and in consideration of the covenants set forth herein and the mutual benefits to be gained by the parties hereto, and for other good and valuable consideration, the receipt and adequacy of which are now and forever acknowledged and confessed, the parties hereto hereby agree and intend to be legally bound as follows:
1. Retention . As of the date hereof, the Company hereby retains and HCC hereby agrees to be retained as a consultant during the term of this Agreement. HCC shall have the right to engage third parties to assist it in its efforts to satisfy its obligations hereunder. In its capacity as a consultant, HCC will undertake the following:
(i) Assist the Company in its efforts to complete an equity based financing or series of financings for the purpose of working capital and expanding the business of the company.
2. Authorization . Subject to the terms and conditions of this Agreement, HCC shall act on a best efforts basis for the benefit of Pubco and the Company during the term of this Agreement. It being expressly acknowledged that HCC is acting in the capacity of independent contractor and not as agent of either Pubco or the Company.
3. Term . HCC’