Hu Fu Nong Consulting Services Agreement
Consulting Services Agreement
This agreement is made on July 31, 2005 by and between Asia Payment Systems, Inc., a Nevada
corporation (“Asia Pay”) with its principal offices at 800 5 th Avenue, Ste.4100, Seattle, WA. 98104
and Hu Fu Nong, (”HU”) a Chinese citizen holding China Identity Card No.110 104 195 804 130 812
and residing at Room 705/706, Block 13, Guan Dong Dian, Bei Jie, Chao Yang District, Beijing, China
WHEREAS, Asia Pay requires expertise and assistance in the area of business development and marketing in
China to support its business and growth;
WHEREAS, HU has substantial contacts among the business community in China and has business
development and business planning expertise, and desires to act as a consultant to provide business advisory
NOW, THEREFORE, in consideration of the premise and the mutual promises and covenants contained herein
and subject specifically to the conditions hereof, and intending to be legally bound thereby, the parties agree as
1. Certain Definitions - When used in this Agreement, the following terms shall have the meanings set forth
1.1 Affiliate - any persons or entities controlled by a party.
1.2 Asia Pay – Asia Payment Systems, Inc. or it subsidiaries which use the services of HU.
1.3 Asia Pay Clients - the Asia Pay's clients who use the services of HU through Asia Pay.
1.4 Contact Person - the person who shall be primarily responsible for carrying out the duties of the
parties hereunder. Asia Pay and HU shall each appoint Contact Persons to be responsible for their
In the event that one party gives notice to the other party in writing that, in their reasonable opinion,
the other party's Contact Person is not able to fulfill their duties and responsibilities hereunder, both
parties shall mutually agree upon a replacement Contact Person within 10 days of the