Fiscal Year 2013-2014 Consulting Agreement (Translation)
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Human Resources
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EX-10.27 24 exh10-27.htm CONSULTING AGREEMENT DATED JULY 18, 2013 BETWEEN CHINA LOGISTICS GROUP, INC. AND CHINA DIRECT INVESTMENTS, INC. exh10-27.htm
Exhibit 10.27
Fiscal Year 2013-2014 Consulting Agreement
(Translation)
Party A: China Logistics Group, Inc.
Party B: China Direct Investments, Inc.
After friendly consultations between both parties, Party A hereby agrees to engage Party B to provide consulting services in fiscal year 2013 and 2014 pursuant to the terms and conditions defined as follows.
| I. | This agreement shall be executed during Party A’s fiscal year 2013 and 2014 that starts on January 1, 2013 and ends on December 31, 2014. |
| II. | Scope of consulting services provided by Party B: |
| 1. | To maintain the Party A’s stock price and coordinate with its investor relation and capital raising. |
| 2. | Help Party A to up list. |
| 3. | Assist Party A’s appointment of independent directors, establishing the board of directors as required by the SEC. |
| 4. | To coordinate the corporate matters on behalf of Party A including press release, investor relations, road shows, auditing, legal consultation, stock issuance, assisting in the opening of brokerage accounts and stock trading of CHLO’s related parties, English/Chinese translation of documents, corporation registration update with the State, tax return, file management, and other daily events of the public company. |
| 5. | To coordinate the preparation and filing of all required public disclosures in the timely manner including but not limited to three 10Qs, annual report 10K,and 8-ks; |
| 6. | To provide assistance in further improvement of internal controls; |
| 7. | Develop Party A’s international business as required. |
| 8. | Coordinate with Party A’s merger and acquisition process. |
| III. | Consulting fee: |
| 1. | Party A shall issue 9,000,000 shares of its common stock to Party B as the compensation for the consulting services provided for each year. 18,000,000 shares in total. |
| 2. | Party A shall not be responsible for the compensation to third party vendors for the corporate matters. |
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| 3. | Party B shall not own more than 10% of Party A’s total shares outstanding at any time. |
| IV. | This agreement shall take effect upon signatures and stamps of both parties. |
Party A: China Logistics Group, Inc.
Authorized Officer Signature: /s/ Wei Chen
Date: July 18 2013
Party B: China Direct Investments, Inc.
Authorized Officer Signature: /s/ James Wang
Date: July 18 2013
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