Investor Relations Engagement Agreement between Discovery Technologies, Inc. and CCG Elite Investor Relations

  

 

We are delighted to commence a program of investor relations activities on behalf of Discovery Technologies, Inc.(“DCOV” or “the Company”). By separate cover and documentation we have submitted a strategic plan entitled, “Discovery Technologies, Inc.Investor Relations Strategic Plan,” detailing our intended activities. The objective of such Program is to assist the company in the execution of its investor relations strategy.

 

  

 

 

 

  

 

(i)	to treat the Information as strictly confidential; and

(ii)	not to disclose the Information to any third party; and

(iii)

to use the Information only in relation to work requested byDCOV; and

(iv)	to use at least the same degree of care to avoid disclosure or use of Information as it employs with respect to its own proprietary information of like importance.

(v)	which at the time of disclosure is already in the public domain or which after disclosure becomes lawfully part of the public domain; and/or

(vi)	which CCG Elite can show was legally in its possession at the time of the disclosure byDCOV; and/or

(vii)

if obtained from or through a third party which was in the possession of the Information lawfully and not in consequence of any breach of confidentiality owed by such third party to DCOV; and/or

(viii)

is required to be disclosed pursuant to any applicable law, decree, regulation, rules or order of any competent authority and jurisdiction.

 

  

 

  

 

The term of this agreement shall be for a period of twelve (12) months commencing from the date on which the agreement is signed by both parties. Following the primary term of the engagement, this agreement will continue on a month-to-month basis thereafter. This agreement may be terminated by either party at any time by providing thirty (30) days advanced written notice by registered mail, or express mail delivery by a major carrier or an e-mail acknowledged by both parties.

In consideration for such services CCG Elite shall receive a retainer of $9,000.00 per month, upon invoice at the beginning of the month and each month thereafter during the term of this agreement, plus approved out-of-pocket expense. The monthly retainer is based on a $175 per hour blended billing rate. In the interest of clarity, the $9,000.00 monthly retainer shall be a cap on CCG Elite’s monthly fees. Monthly expenses incurred while engaging in investor relations activities on behalf of DCOV shall be itemized and invoiced at the beginning of each month hereafter and are due within ten (10) days of receipt by DCOV. Commitments to vendors and others outside of CCG Elite for the purchase of goods and services related to our carrying out the subject activities in excess of $300 will first be approved by DCOV and billed directly.

 

  

 

 

  

As a condition of this Agreement and in recognition of the fact that CCG Elite’s employees are an essential part of CCG Elite’s continued operation and success, DCOV agrees that, if at any time, DCOV desires to employ or offer employment to any current or former employee of CCG Elite who provided services to DCOV on behalf of CCG Elite, this may be accomplished only by written agreement between CCG Elite and DCOV. As an essential term of any such written agreement, DCOV agrees to pay a reasonable buy-out fee which DCOV acknowledges shall amount to one-year of the subject employee’s salary. Failure to follow this procedure will constitute a breach of this Agreement. This provision shall remain in effect for one year after the subject employee last performs any services for DCOV on behalf of CCG Elite.

 

Should the terms outlined herein meet with your approval, please sign and enter the date as provided below. Retain a copy for your files and express an original to us along with wiring the amount of $9,000.00. Upon execution, we would also greatly appreciate your faxing us a copy of this document so that we have official notification of engagement as well as authority to proceed on your behalf with the DCOV Investor Relations Program.

On behalf of the partners and entire staff at CCG Elite, we wish to thank you for your confidence in us and retaining our firm. The account team looks forward to working with you now and in the future toward mutually beneficial goals.

This Agreement is entered into this date in Los Angeles, California and shall be governed by the laws of California.

 

  

 

 

  

 

Accepted for:

 

 

  

Crocker Coulson, President		Date

 

/s/ Li Tao		01/23/2008
Mr. Li Tao		Date
Chairman & President