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Exhibit 10.6
CONSULTING AND MANAGEMENT AGREEMENT
Consulting and Management Agreement ("Agreement") made this 10th day of
January 2006 by and between Dragon International Group Corp., a Nevada
corporation ("DRGG"), and China Direct Investments, Inc., a Florida corporation
located at 5301 N. Federal Hwy, Suite 120 Boca Raton, FL 33487 ("CDI" or the
"Consultant").
W I T N E S S E T H:
A. DRGG desires to engage the services of Consultant as its representative in
the United States. As a U.S. representative, DRGG will look to the Consultant
for advice as it relates to general business affairs and customs in the United
States.
Consultant is desirous of performing such services on behalf of DRGG.
B. NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained in this Agreement, the parties hereto agree as follows:
1. Consulting Services.
a Upon the terms and subject to the conditions contained in this Agreement,
Consultant hereby agrees that he shall, during the term of this Agreement, will
undertake the performance of services as outlined in this Agreement.
b Upon the terms and subject to the conditions contained in this Agreement,
Consultant hereby agrees that he shall, during the term of this Agreement, will
support the Company in the following areas:
1. General business consulting
2. Assist with translation of documents (Chinese/English)
3. Management of professional resources, ((i.e. legal, accounting, transfer
agent, public relations services) 4. Identification, evaluation and structure of
potential mergers and acquisitions 5. Assist in the creation of marketing and
sales plans 6. Manage investor road shows/investment conferences 7. Coordinate
of public disclosures 8. Advice on corporate structure and capital events (i.e.
divestitures, spin-offs joint ventures) 9. Evaluate and assess potential sources
of investment capital 10. US Representative Offices
2. Term. The Agreement shall be for a term of thirty-six (36) months from the
date hereof. This Agreement may be extended for an additional twelve (12) months
by DRGG upon the mutual agreement of both DRGG and the Consultant.
3. Compensation. DRGG shall pay the following compensation to Consultant in
consideration for the services to be rendered hereunder:
a DRGG shall issue Consultant 6,000,000 shares of Common Stock, $0.001
par value (the "Shares").
b Award Fees. This agreement provides for the payment of
discretionary award fees to be paid to China Direct Investments, Inc. and/or
its designees. At the mutual agreement of Dragon International Group Corp.
and China Direct Investments, Inc. and/or its designees, Dragon
International Group Corp.can pay to Consultant fees in either cash or other
marketable securities.
4. Breach of Contract. The sole remedy of this contract in respect of any
material breach of this Agreement by Consultant shall be to terminate this
Agreement upon the giving of thirty (30) days' prior written notice, but no such
termination shall affect the fees payable pursuant to Paragraphs 3 hereof.
5. Indemnification. Consultant shall not be liable to the Company or to any
officer, director, employee, stockholders, or creditor of the Company, for any
act or omission in the course of or in connection with the provision of advice
or assistance hereunder. The Company agrees to and shall defend, indemnify and
hold China Direct Investments, Inc. harmless from and against any and all suits,
claims, demand, causes of action, judgment damages, expenses and liability
(including court costs and attorney's fees paid in the defense of China Direct
Investments, Inc.) which may in any way result from services provided by China
Direct Investments, Inc. pursuant to or in connection with this Agreement.
6. Termination. Either party may terminate this Agreement upon the giving of
thirty (30) days' prior written notice, but no such termination shall affect the
fees payable pursuant to Paragraphs 3 hereof.
7. Subcontractors. This Agreement shall be assignable by Consultant solely upon
the consent of Consultant. DRGG acknowledges that from time to time, Consultant
may enlist a subcontractor to perform some of the services provided to Customer.
In the event services to be performed as outlined in this Agreement are
subcontracted to a third party, the third party shall accept responsibility for
the performance of such activities. Consultant will cease to bear any
responsibility related to the performance of subcontracted services; however the
Consultant will act as liaison between the subcontractor and DRGG, to monitor
the performance of services to be provided by any third party.
8. Entire Agreement. This Agreement contains the entire agreement among the
parties with respect to the subject matter hereof and supersedes all prior
agreements, written or oral, with respect thereto.
9. Waivers and Amendments. This Agreement may be amended, modified, superseded,
cancelled, renewed or extended, and the terms and conditions hereof may be
waived, only by a written instrument signed by the parties or, in the case of a
waiver, by the party waiving compliance. No delay on the part of any party in
exercising any right, power or privilege hereunder shall operate as a waiver
thereof, nor shall any waiver on the part of any party of any right, power or
privilege hereunder, nor any single or partial exercise of any right, power or
privilege hereunder, preclude any other or further exercise thereof or the
exercise of any other right, power or privilege hereunder. The rights and
remedies herein provided are cumulative and are not exclusive of any rights or
remedies which any party may otherwise have at law or in equity.
10. Governing Law. This Agreement shall be governed and construed in accordance
with the laws of the State of Florida applicable to agreements made and to be
performed entirely within such State.
11. Severability of Provisions. The invalidity or unenforceability of any term,
phrase, clause, paragraph, restriction, covenant, agreement or other provision
of this Agreement shall in no way affect the validity or enforcement of any
other provision or any part thereof.
12. Counterparts. This Agreement may be executed in any number of counterparts,
each of which when so executed, shall constitute an original copy hereof, but
all of which together shall consider but one and the same document.
13. Other Activities. Nothing contained herein shall prevent Consultant from
acquiring or participating in a transaction of any kind with any other entity
proposed by Consultant to be acquired by DRGG. Such transaction may be acquired
at a price and upon terms and conditions more or less favorable than those
offered to DRGG.
14. Disclaimer. Consultant acknowledges that he has relied upon the information
provided by DRGG. Consultant has in entering into this Agreement, relied on the
warranties or representations made by DRGG, its officers, directors, agents,
legal counsel or accountants concerning DRGG and/or its stock as to matters
past, present or future.
15. Natural Disaster. In the event that any obligation of either party is
prevented or delayed by circumstances of natural disaster, such party will be
excused from any failure to perform any such obligation under this Agreement to
the extent that such failure is caused by any such circumstances.
16. Notices. All notices to be given hereunder shall be in writing, with fax
notices being an acceptable substitute for mail and/or and delivery to:
Consultant: Company:
James Wang, PhD. David Wu
CEO, Eastern Operations Dragon International Group Corp
China Direct Investments, Inc. Bldg 14, Suite A09,
5301 N. Federal Highway, Suite 120 International Trading Center
Boca Raton, FL 33487 29 Dongdu Road
561.989.9171 phone Ningbo, China 315000
561.989.9206 Fax Tel: 86-574-56169308
james@cdii.net email
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IN WITNESS WHEREOF, the parties have executed this Agreement on the date first
above written.
Dragon International Group Corp China Direct Investments, Inc.
[Sign name] [Sign name]
David Wu James Wang
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[Print name] [Print name]
CEO CEO, Eastern Operations
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[Title] [Title]
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[Date] [Date]
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