EX-4.7 CONSULTING AGREEMENT
EX-4.7
THIS AGREEMENT is effective as of January 1, 2011.
BETWEEN
▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Inc.
▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇.,
▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇
Grand Cayman, Cayman Islands
("▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇")
AND
SILVER LAKE INVESTMENT PARTNERS, LIMITED in B.V.I.
("Silver Lake")
WHEREAS ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and Silver Lake are desirous of setting out the terms and conditions of their service relationship.
NOW THEREFORE THIS AGREEMENT WITNESSES that the parties agree as follows:
1. Services
Silver Lake offers consulting services to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ related to corporate development, market development and technical support for the period from January 1, 2011 to December 31, 2011.
2. Fees
Silver Lake charges ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Inc. USD 2,000 per month for the consulting services to be provided from January 1, 2011 to December 31, 2011, payable on a onetime basis of USD 24,000 upon the execution of this agreement.
3. Responsibilities of Silver Lake
Silver Lake's duties under this Agreement are as follows:
| (i) | Silver Lake will use its best efforts to provide advice and support to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ related to market development, corporate issues, business models and technology building during the above said period. |
| (ii) | Silver Lake will keep ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ informed as to any problem encountered and as to any solutions found for those problems. |
| (iii) | Silver Lake will keep all the trade information and information obtained during the course of consulting ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ intact, confidential. |
4. Responsibilities of ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇'s duties under this Agreement are as follows:
| (i) | ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ will provide all the necessary information for Silver Lake to perform its consulting services and without hiding of any information. |
| (ii) | ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ will pay for all the necessary expenses incurred during the course of Silver Lake performing the consulting services. |
5. Termination
This agreement may be terminated by either party with a reasonable notice in advance and have a mutual consensus of both parties.
6. Amendment
This Agreement may be altered, modified or amend by writing, with mutual consensus from both parties and sign by both parties.
7. Assignment
Nether party to this agreement may assign or delegate its duties under this agreement without the prior written consent of the other.
8. Entire Agreement
This agreement, including all schedules (if any) hereto, constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior or simultaneous representations, discussions, negotiations and agreements, whether written or oral. This agreement may be amended or modified only with written consent of the parties hereto. No oral waiver, amendment of modification will be effective under any circumstances whatsoever.
9. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of Cayman Island.
In witness of this, the parties have executed this Agreement as of the date first written above.
By ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ INC.
/s/ ▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇
▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇
President and Chief Executive Officer
By SILVER LAKE INVESTMENT PARTNERS, LIMITED
/s/ Chi Kong Liu
CHI KONG LIU
Authorized Signatory