Consulting Agreement between Teong C. Lim and Electronic Sensor Technology, Inc.

Summary

This agreement is between Teong C. Lim and Electronic Sensor Technology, Inc. After Mr. Lim's retirement on July 17, 2007, he will serve as an in-house consultant for six months, focusing on marketing strategies in Asia, developing sales channels, and other projects as needed. He will be paid a monthly retainer equal to his previous salary of $13,437. The agreement is effective from July 17, 2007, to January 16, 2008.

EX-10.1 2 ex10-1.txt Exhibit 10.1 ------------ 368 Venus Street Thousand oaks, CA 91360 July 17, 2007 Barry S. Howe President and CEO Electronic Sensor Technology, Inc 1077 Business Center Circle Newbury Park, CA 91320 Re: Consulting Agreement Dear Barry: This is to summarize the arrangement for the consulting services after my retirement effective July 17, 2007 based on the discussions we had and Board's recommendation as follows: 1. I will accept an offer to be in house consultant for a period of SIX (6) months from July 17 to January 16, 2008. The areas that I will continue to get involved and to concentrate my efforts to will include the coordinating and advising on the marketing strategies in Asia and setting up the sales sub-channels as well as entering new market segments and other topics or projects that the Company may be benefited from my experiences. 2. The above arrangement will be on a retainer basis. My fee shall be equal to my current compensation, i.e. $13,437 monthly. Should you agree that the above is the understanding between us, please confirm this by signing at the space provided below and return a copy of this letter to me for the record. Sincerely, /s/ Teong C. Lim Teong C. Lim Agreed and Accepted: /s/ Barry S. Howe ---------------------------------- Barry S. Howe, President and CEO Electronic Sensor Technology, Inc.