Document:

Unassociated Document

    EXHIBIT
10.12

     

    CIM Securities, LLC
Agreement

     

    December
28, 2009

     

    PERSONAL
& CONFIDENTIAL

    Steven
Berman

    Chief
Executive Officer

    China
Wi-Max Communications, Inc.

    1905
Sherman Street, Suite 335

    Denver,
Colorado 80203

    

    Re: 
Financial Advisory & Investment Banking Services

    

    Dear
Steven,

    

    The
purpose of this letter agreement (the “Agreement”) is to confirm the engagement
of CIM Securities, LLC (“CIM” or “Advisor”) to act as an “exclusive” financial
advisor to China Wi-Max Communications, Inc. (the “Company”) which is a public
traded Nevada Corporation.  The term “Company” is understood to include any
entity in which it has an ownership, profits, or similar interest, including any
entity or successor company formed for the purpose of facilitating a Private
Placement, M&A transaction, or other form of financing as contemplated in
Paragraph 1 hereof (collectively, a “Transaction”).

    

    1.    Engagement of
Advisor.  The Company hereby engages the Advisor for the term of this
Agreement, and the Advisor hereby agrees to advise, consult with, and assist the
Company in various matters including, but not limited to:

    

    (a)    reviewing the
Company’s business, operations, and financial condition;

    

    (b)    reviewing the
Company’s proposed objectives and advising on capitalization structures,
valuation, and capital raising;

    

    (c)    on a best
efforts basis, introducing the Company to accredited financial investors and/or
strategic investors for one or more private placements of equity and/or debt
securities (each one a “Private Placement”);

    

    (d)    acting as
advisor to the Company in considering the issuance of a technology license(s) or
other form of business partnership;

    

    (e)    acting as
advisor to the Company for a possible M&A transaction; and
        

    

    (f)    providing
general corporate advice as requested.

    

    This
Agreement may subject to our completing satisfactory due diligence on the
Company, in addition to the successful resolution of several conditions
precedent to our engagement, including our satisfactory completion of background
checks on the Company’s management team.  All such information
concerning the Company is and will be true and accurate in all material
respects, and does not and will not, as supplemented or amended throughout the
Offering Period, contain any untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements therein not
misleading in light of the circumstances under which such statements are or were
made. The Company acknowledges and agrees that the Advisor will be using and
relying upon such information supplied by the Company, its officers, directors,
employees, accountants, legal counsel and other advisors, and other available
information concerning the Company, without any independent investigation or
verification thereof or any independent appraisal by the Advisor of the Company
or its business operations, assets or liabilities.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    2.            Compensation. 
As compensation for services rendered to the Company under this Agreement,
­­the Company shall pay to the Advisor the following
compensation:

    

    2.1           The
Company agrees to pay to Advisor a fee for completion of any Private Placement
as set forth in Exhibit A hereto.  Any fee payable to the Advisor under
this Section 2.1 will be due at the closing of any Private Placement, or staged
payment there from, and shall be payable to the Advisor at the time at which
said funds are made available to the Company, provided, however, that the
Advisor shall not be entitled to any fee under this Section 2.1, unless the
closing of the Private Placement occurs during the term of this Agreement, or
within twenty-four (24) months after Advisor received written termination of
this Agreement with parties introduced to the Company by Advisor during the term
of this Agreement.

    

    2.2           
In addition to any fees provided in Section 2.1, the Company agrees to pay
to Advisor a fee for completion of any M&A Transaction as set forth in
Exhibit B hereto.  Any fee payable to the Advisor under this Section (2.2)
will be due in cash at the time at which said funds are made available to the
Company following the closing of the Transaction and shall be payable to the
Advisor by the Company, provided, however, that the Advisor shall not be
entitled to any fee under this Section 2.2 unless the closing of the Transaction
occurs during the term of this Agreement or not later than twenty-four (24)
months after Advisor receives written termination of this Agreement for any
M&A Transaction with a party introduced to the Company by  Advisor or
with which the Advisor became actively involved during the term of this
Agreement.

    

    2.3            In
addition to any fees provided in Section 2.1 and Section 2.2, the Company agrees
to pay to Advisor a fee for completion of any license agreement, or for revenues
generated by the Company from introductions made by Advisor (i.e., Revenues from
partnerships, affiliate programs, reseller agreements, or other business
arrangement) as set forth in Exhibit C hereto.  Any fee payable to the
Advisor under this Section 2.3 will be due in cash at the closing of license
agreement or upon receipt of revenues and shall be payable to the Advisor by the
Company, provided, however, that the Advisor shall not be entitled to any fee
under this Section 2.3, unless the closing of the license agreement or receipt
of revenues occurs during the term of this Agreement, or within twenty-four (24)
months after Advisor receives written termination of this Agreement with parties
introduced to the Company by Advisor during the term of this
Agreement. 

           

    3.             Right
to Provide Future Investment Banking Services.  In the event that a
Transaction that raises at least $1 million gross proceeds is completed, Advisor
shall, for twenty-four (24 months) following closing, have a “right of first
refusal” to act as sole financial advisor, manager, and placement agent to the
Company on any transactions for which the Company would require the services of
an investment bank and whereby Advisor provides such service.  Such
transactions shall be at a competitive market rate and include, but are not
limited to, merger and/or acquisitions transactions and additional offerings or
placements of debt or equity securities (public or private).   A that
certain letter of intent executed by the parties hereto concurrently with this
engagement letter and dated as of even date herewith (the “LOI”) contains the
provisions of an anticipated underwritten public offering and such terms are
incorporated herein by reference.

    

    Offerings. 
The parties shall cooperate to ensure that a Transaction provided for in this
Agreement is conducted in compliance with all applicable laws, including the
Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as
amended.  In any Private Placement arranged by Advisor, the Company
will endeavor in good faith to qualify the Securities for offering and sale
under, or to establish the exemption of the offering and sale of the Securities
from qualification or registration under, the applicable securities or “blue
sky” laws of such jurisdictions as the Company and the Advisor may reasonably
designate.  Any Private Placement arranged by Advisor will be
conducted pursuant to the terms and conditions of a customary placement agent
agreement or underwriting agreement acceptable to Advisor, the Company, and
their respective counsel. Any Private Placement arranged by Advisor will be as
the Company’s agent and not on an underwritten basis. The Company understands
and acknowledges that in agreeing to act as the Company’s agent in a Private
Placement, Advisor does not guarantee that the Company will be able to obtain
financing or that the Company will be able to obtain financing on specific
terms. Advisor represents that it is a FINRA/SIPC member in good standing and is
authorized to conduct such an offering, and provide the services herein, in
accordance with the rules and regulations of said membership.

    Business
Practice.  The Company recognizes that Advisor is in the business of
advising and consulting with other businesses, some of which businesses may be
in competition with the Company.  The Company acknowledges and agrees that
the Advisor may advise and consult with other businesses, including those which
may be in competition with the Company, and shall not be required to devote its
full time and resources to performing services on behalf of the Company under
this Agreement.  The Advisor shall only be required to expend such time and
resources as are reasonably appropriate to advise and assist the Company as
provided for herein.

    

    
      
         

      

      
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    6.    Representations,
Covenants and Conditions.

    

    6.1           The
Company represents and warrants as follows:

    

    (a)           Organization.  The
Company is duly organized, validly existing and in good standing under the laws
of the state of so specified at the outset of this engagement
letter.

    

    (b)           Power
and Authority.  The Company has all requisite power and authority to
enter into this Agreement and perform its obligations hereunder.  When
executed and delivered by the parties hereto, this Agreement will constitute a
valid and legally binding obligation of the Company.

    

    (c)           Non-contravention.  Entry
into and performance of this Agreement will not (i) conflict with or result in a
breach of any of the terms or provisions of, or constitute a default under any
indenture, mortgage, deed of trust, permit, license, governmental authority,
loan agreement or other agreement or instrument to which the Company is bound,
or to which any of the property or assets of the Company are subject, or (ii)
result in any violation of the provisions of the articles of organization or
Operating Agreement of the Company, and no action, suit or proceeding shall be
instituted, pending or threatened that would be reasonably likely to prohibit
the consummation of this Agreement.

    

    6.2           The
Advisor represents and warrants as follows:

    

    (a)           Organization.  The
Advisor is a limited liability company duly organized, validly existing and in
good standing under the laws of the State of Colorado.

    

    (b)           Power
and Authority.  The Advisor has all requisite power and authority to
enter into this Agreement and perform its obligations hereunder.  When
executed and delivered by the parties hereto, this Agreement will constitute a
valid and legally binding obligation of the Advisor.

    

    7.           Indemnification. 
The Company acknowledges that the Advisor will be acting on behalf of the
Company and will require indemnification by the Company.  The Company
further acknowledges that the Advisor’s indemnification provisions attached
hereto as Exhibit D are incorporated by reference herein or are made a part
hereof for all purposes as though set forth entirely herein.

    

    
      
         

      

      
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    8.            Term
of Agreement.  This Agreement shall terminate six (6) months from the date
of this Agreement, unless extended by mutual agreement of the parties. 
Upon termination of this Agreement, neither party shall have any further rights
or obligations to the other, except that (i) the Company shall be obligated to
pay fees under Sections 2.1, 2.2, and 2.3 hereof relating to Transactions
commenced by Advisor prior to written termination of the Agreement and closed
within twenty-four (24) months after termination of this Agreement with a party
introduced to the Company by Advisor during the term of this Agreement, (ii) the
Company shall be obligated to reimburse expenses under Section 2.4 incurred by
the Advisor during the period prior to termination of this Agreement, and (iii)
the Advisor and the Company shall continue to be bound by the provisions of
Section 6 hereof.

    

    9.            Relationship
of Parties.  The parties agree that their relationship under this Agreement
is an advisory relationship only, and nothing herein shall cause the Advisor to
be partners, agents or fiduciaries of, or joint ventures with, the Company or
with each other.

    

    10. 
Notices.  All notices required or permitted herein must be in writing and
shall be deemed to have been duly given the first business day following the
date of service if served personally, on the first business day following the
date of actual receipt if delivered by telecopier, telex, email communication or
other similar communication to the party or parties to whom notice is to be
given, or on the third business day after mailing if mailed to the party or
parties to whom notice is to be given by registered or certified mail, return
receipt requested, postage prepaid, to the Advisor and to the Company at the
addresses set forth below, or to such other addresses as either party hereto may
designate to the other by notice from time to time for this purpose

     

    
      	Advisor: 	      
              Pat
      Adams

              Managing
      Member

              CIM
      Securities, LLC. (Member FINRA/SiPC)

              5975
      South Quebec St. Ste 142

              Centennial,
      CO 80111-4565

              303-874-7474
      (Phone)

              303-488-9555
      (Fax)

              padams@cimsecurities.com

            
	 	 
	Company: 	      
              Steven
      Berman

              Chief
      Executive Officer

              China
      Wi-Max Communications, Inc.

              1905
      Sherman Street, Suite 335

              Denver,
      Colorado 80203

              303-993-8028
      (Phone)

              303-993-8172
      (Fax)

              sberman@chinawi-max.com

            

    

     

    
      11.
Parties.  This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective successors and
assigns.

    

    

    12.
Governing Law.  This Agreement shall be construed and enforced in
accordance with the laws of the State of Colorado, except for its conflicts of
law principles.

    

    
      
         

      

      
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    13.    Governing
Law.  This Agreement shall be governed by and construed in accordance with
the internal laws of the State of Colorado applicable to the performance and
enforcement of contracts made within such state, without giving effect to the
law of conflicts of laws applied thereby.  In the event that any
dispute shall occur between the parties arising out of or resulting from the
construction, interpretation, enforcement or any other aspect of this Agreement,
the parties hereby agree to accept the exclusive jurisdiction of the Courts of
the State of Colorado sitting in and for the Arapahoe County.  In the
event either party shall be forced to bring any legal action to protect or
defend its rights hereunder, then the prevailing party in such proceeding shall
be entitled to reimbursement from the non-prevailing party of all fees, costs
and other expenses (including, without limitation, the reasonable expenses of
its attorneys) in bringing or defending against such action.

    

    14.           Entire
Agreement, Waiver.  This Agreement constitutes, including all exhibits and
schedules attached hereto along with the applicable provisions of the LOI
constitute the entire Agreement between the parties hereto and supersedes all
prior Agreements relating to the subject matter hereof. This Agreement may not
be amended or modified in any way except by subsequent Agreement executed in
writing. Either the Company or the Advisor may waive in writing any term,
condition, or requirement under this Agreement which is intended for its own
benefit, and written waiver of any breach of such term or condition of this
Agreement shall not operate as a waiver of any other breach of such term or
condition, nor shall any failure to enforce any provision hereof operate as a
waiver of such provision or of any other provision hereof.

    

    15.           No
Obligation By Company to Sell or Accept Offers.  The Company has no
obligation to pursue or consummate any Transaction, regardless of the terms
offered by a would-be investor, licensor, or purchaser.

    

    16.           Public
Announcements.  Neither the Company nor Advisor can make a public
announcement of this engagement that includes either the Company’s or Advisor’s
name without written consent of the other party.

    

    EXHIBIT
A

    FINANCING
FEES

    

    1.  
Compensation for Private Equity Financing

    

    Retainer
/ Due Diligence Fee / Introductions

    

    As a
non-refundable engagement fee for rendering such investment banking advisory
services, conducting due diligence and initially marketing the Company to the
investment community, CIM Securities shall be paid upon signing of this
Agreement a fifteen thousand dollars ($15,000.00), payable $7,500 upon signing
and $7,500 on or before January 28, 2010 as a nonrefundable engagement fee to
engage our firm in the capital raise.

    

    Upon
written request by CIM to the Company, the Company hereby agrees it will provide
a list of all prior accredited investor & qualified institutional contacts
they have consulted or contacted for the purpose of facilitating any prior
Private Placement, M&A transaction, or other form of financing as
contemplated in Paragraph 1 hereof (collectively, called a “Prior Transaction
Introduction”) to CIM, in an effort to protect those leads and for clarification
on potential investors whether private or public.  CIM will not be
forced to pre-approve any investor outside of that list of Prior Transaction
Introduction list but may selectively choose to disclose this list of potential
investors.  CIM views its investment partners as extremely proprietary
information and wishes to only supply information as it feels
comfortable.  Once an investor shows an interest in the Company, CIM
will disclose that investor and may provide updated lists of introductions as a
courtesy to the Company.  Should a lead or contact show interest in
the Company and would like more details of the Company, CIM would then make
known the potential source.  The Company will pay to CIM the following
placement agent fees for different types of investment structures:

    

    
      
         

      

      
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    b.  
Placement Agent Fee for Private Equity Financing

    

    In the
event the Company consummates a Private Placement of its equity securities
through the services of Advisor pursuant to the terms of this Agreement, then
the Company shall pay to the Advisor a Placement Fee equal to eight percent
(8.0%) of the aggregate gross cash proceeds received by the Company in such
placement or offering.  In addition the Company shall pay a Dealer
Manager Due Diligence / Marketing Fee of two percent and an additional three
percent (3%) for non accountable expense allowance to CIM for a total cash
placement fees totaling thirteen (13%) of the cash raised in any offering. The
rates specified in this paragraph 1b shall be applicable to the first
Transaction under this agreement. Rates on subsequent Transactions shall be as
mutually agreed.

    

    For the
purposes of this Agreement, equity securities shall be deemed to include any
form of common or preferred stock or any security or instrument which is
directly or through warrants, options, or similar instruments, convertible into,
or exchangeable for, equity securities of the Company.

    

    c.  
Placement Agent Warrant

    

    Subject
to any applicable stock exchange and regulatory requirements or approvals, the
Advisor shall be granted a five-year cashless exercise Warrant for common shares
or an equivalent interest equal to the same fee percentages provided in
paragraph 1b above of the securities that are part of the Private Placement,
exercisable at a price equal to the effective price of the Private
Placement.  For the purposes of this Agreement, equity securities shall be
deemed to include any form of common or preferred stock or any security or
instrument which is directly or through warrants, options, or similar
instruments, convertible into, or exchangeable for, equity securities of the
Company.

    

    2.  
Placement Agent Fee for Private Debt Financing.

    

    In the
event the Company consummates a Private Placement of senior debt or mezzanine
debt (non-convertible) through the services of Advisor pursuant to the terms of
this Agreement, then the Company shall pay to the Advisor a fee equal
to:

    

    A. 5% for
mezzanine debt and 5.0% warrants

    B. 2% for
senior debt; and 0% warrants

    

    Said fee shall be due and owed to
Advisor at the time at which the proceeds from the Transaction are made
available to the Company and such Placement Fees and Warrant is to be in the
same manner and form as mentioned in Paragraph 1(b) and (c) provided
above.

    

    3.           Financial
Advisory Fees.

    During
the Term of this Agreement should the Company choose to take money from other
sources of capital, then Company shall pay a 3% “financial advisory fee” of the
money  raised from other sources for advice on pricing and
structuring, upon cancellation of this Agreement as part of compensation to be
paid to CIM for its time marketing and selling the Company to investors during
the Term of this Agreement which is currently set for six (6) months from the
date of this Agreement.

    

    
      
         

      

      
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    EXHIBIT
B

    M&A
TRANSACTION FEES

    

    In the
event the Company consummates an acquisition, divestiture, merger, joint venture
or other business combination, or other similar transaction involving the
Company and a party introduced by the Advisor, or with which the Advisor has
become actively involved at the written request of the Company, then the Company
shall pay to the Advisor a fee of 3% of the Purchase Price paid with respect to
such Transaction as follows, which shall be payable in cash at the closing of
the Transaction

    

    As used
herein, “Purchase Price” shall include (i) cash paid in the Transaction, (ii)
the fair market value of any securities issued, (iii) the fair market value of
any other property transferred in connection with the Transaction, (iv) balance
sheet indebtedness (including capital leases) assumed in connection with the
Transaction and (v) cash or the fair market value of property paid to any
officers, directors, employees or affiliates as consideration for any covenant
not to compete or similar agreement related to the Transaction.  In the
event any contingent consideration is agreed to be paid in connection with such
transaction (such as, for example, consideration payable upon the fulfillment of
some condition or event which may or may not occur in the future), then such
contingent consideration shall be included in the Purchase Price, and the
Advisor shall be paid its fee with respect to that contingent consideration as
and when it is paid.

    

    In
addition, should the Company or any of its subsidiaries, divisions or entities
enter into a Chapter 11 or Chapter 7 bankruptcy proceeding for whatever reason,
and upon which CIM has successfully introduced a suitable buyer (“stalking
 horse”) before or after the filing of the Bankruptcy who at any time
during the Term of this Agreement makes either an investment or an buys with an
asset purchase any of Company assets or if the introduction becomes a Debtor in
Possession funding source, then Company will be bound by the terms of this
Exhibit B for the “purchase price” of all assets bought by such Introduction
made by CIM to Company even after a bankruptcy has become
discharged.

    

    EXHIBIT
C

    

    LICENSE
AGREEMENT OR REVENUE GENERATION FEES

    

    In the
event the Company enters into a licensing or other form of agreement with, or
generates revenues through, a party introduced by Advisor, then the Company
shall pay Advisor a cash fee equal to ten (10%) of the gross proceeds received
by the Company through the licensing payments, related royalties, or revenue
received by the Company. Advisor shall be paid its proportionate share of the
appropriate gross proceeds at the time that such payments are received by the
Company

    

    EXHIBIT
D

    

    INDEMNIFICATION

    

    The
Company and its subsidiaries, agrees to indemnify and hold harmless the Advisor,
together with its affiliates, directors, officers, agents, and employees (the
Advisor and each such entity or person, an “Indemnified Person”), from and
against any and all losses, claims, damages, judgments, and liabilities,
expenses, or costs (and all actions in respect thereof and any legal or other
expenses in giving testimony or furnishing documents in response to a subpoena
or otherwise), including the cost of investigating, preparing for, or defending
any such action or claim, whether or not in connection with litigation in which
an Indemnified Person is a party, as and when incurred, directly or indirectly
caused by, relating to, based upon, or arising out of the Advisor’s performance
of its engagement by the Company under this Agreement, or otherwise arising out
of or in connection with advice or services provided or to be provided by
Indemnified Persons pursuant to the Agreement, the transactions contemplated
thereby, or any Indemnified Person’s actions or inactions in connection with any
such advice, services, or transactions if such activities were performed (i) in
good faith and (ii) in such manner reasonably believed by such Indemnified
Person to be within the scope of the authority conferred by the Agreement or by
law and to be on behalf of the Company or in furtherance of the performance of
the Advisor’s services under the Agreement; provided, however, such indemnity
agreement shall not apply to any such loss, claim, damage, liability, or cost
incurred by any Indemnified Person that has been finally determined by judicial
proceedings or arbitration to have resulted primarily and directly from the
gross negligence or willful misconduct or bad faith of such Indemnified
Person.  The Company also agrees that no Indemnified Person shall have any
liability (whether direct or indirect, in contract or tort  or otherwise)
to the Company for or in connection with the any advice or services provided by
any Indemnified Persons in connection with the Agreement, the transactions
contemplated by the Agreement, or any Indemnified Persons’ actions or inactions
in connection with any such advice, services, or transactions except for any
such liability for losses, claims, damages, liabilities, or costs that has been
finally determined by judicial proceedings or arbitration to have resulted
primarily and directly from such Indemnified Person’s gross negligence or
willful misconduct or bad faith in connection with such advice, actions,
inactions, or services.

    

    
      
         

      

      
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    These
Indemnification Provisions shall be in addition to any liability that the
Company may otherwise have to any Indemnified Person and shall extend to the
following: the Advisor, its affiliated entities, directors, officers, employees,
agents, legal counsel and controlling persons of the Advisor within the meaning
of the federal securities laws, and the respective successors, assigns, heirs,
beneficiaries, and legal representatives of each of the foregoing indemnified
persons or entities.  All references to the Advisor or Indemnified Persons
in these Indemnification Provisions shall be understood to include any and all
of the foregoing indemnified persons or entities.

    

    If any
action, proceeding, or investigation is commenced, as to which an Indemnified
Person proposes to demand such indemnification, it will notify the Company with
reasonable promptness; provided, however, that any failure by an Indemnified
Person to notify the Company will not relieve the Company from its obligations
hereunder except if and only to the extent that the Company’s defense of such
action, proceeding or investigation is actually prejudiced by the Indemnified
Person’s failure so to notify the Company.  The Advisor will have the right
to retain counsel of its own choice to represent it; however, such firm shall be
acceptable to the Company, which acceptance shall not be unreasonably withheld,
and unless the Company assumes the Advisor’s defense as provided below, the
Company will pay the reasonable fees and expenses of such counsel, and such
counsel shall to the fullest extent consistent with its professional
responsibilities cooperate with the Company and any counsel designated by it.
The Company will be entitled to participate at its own expense in the defense,
or if it so elects, to assume and control the defense of any action, proceeding,
or investigation, but, if the Company elects to assume the defense, such defense
shall be conducted by counsel reasonably acceptable to the Advisor. Any
Indemnified Person may retain additional counsel of its own choice to represent
it but shall bear the fees and expenses of such counsel unless the Company shall
have specifically authorized the retaining of such counsel.  The Company
will not be liable for any settlement of any claim against an Indemnified Person
made without its written consent. 

     

    In order
to provide for just and equitable contribution, if a claim for indemnification
pursuant to these Indemnification Provisions is made but it is found in a final
judgment by a court of competent jurisdiction (not subject to further appeal)
that such indemnification may not be enforced in such case, even though the
express provisions hereof provide for indemnification in such case, then the
Company, on the one hand, and any Indemnified Person, on the other hand, shall
contribute to the losses, claims, damages, liabilities, or costs to which the
Indemnified Persons may be subject in accordance with the relative benefits
received by the Company, on the one hand, and the Advisor, on the other hand,
and also the relative fault of the Company, on the one hand, and the Advisor, on
the other hand, in connection with the statements, acts or omissions that
resulted in such losses, claims, damages, liabilities, or costs, and the
relevant equitable considerations shall also be considered.  No person
found liable for a fraudulent misrepresentation shall be entitled to
contribution from any person who is not also found liable for such
misrepresentation.  Notwithstanding the foregoing, the Advisor shall not be
obligated to contribute any amount hereunder that exceeds the amount of fees
received by the Advisor pursuant to the Agreement.

     

    
      
         

      

      
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    Neither
termination nor completion of the engagement of the Advisor or any Indemnified
Person under the Agreement shall affect the provisions of these Indemnification
Provisions, which shall then remain operative and in full force and
effect.

     

    If any
provision contained in this Exhibit D is held by a court of competent
jurisdiction or other authority to be invalid, void, unenforceable, or against
its regulatory policy, the remainder of the provisions contained in this Exhibit
D shall remain in full force and effect and shall in no way be affected,
impaired, or invalidated. These Indemnification Provisions may not be amended or
modified in any way, except by subsequent agreement executed in
writing.

    

    We are
pleased to accept this engagement and look forward to working with the Company.
Please confirm that the foregoing is in accordance with your understanding and
agreement by signing and returning to us the enclosed duplicate of this
Agreement which shall thereupon constitute a binding agreement effective as of
the date set forth above your signature.

     

    
      	Agreed &
      Accepted	 	Agreed &
      Accepted	 
	CIM Securities,
      LLC 	 	China Wi-Max
      Communication, Inc.	 
	 	 	 	 
	 	 	December 28,
      2009	 
	 	 	 	 
	Date:
      ______________________________ 	 	Date:
      ______________________________	 
	 	 	 	 
	Name:
      _____________________________ 	 	Name: _____________________________	 
	 	 	        President	 
	 	 	 	 
	Title: ______________________________	 	Title:
      ______________________________Unassociated Document

    EXHIBIT
10.13

     

    Northern Equity, Inc.
Agreement

     

    CONSULTING
AGREEMENT

     

    AGREEMENT    (the
“Agreement”)   is made and entered into as of December 17, 2009,
by and between China Wi–Max Communications, Inc., a Nevada corporation (the
“Company”), and Northern Equity, Inc. Northern Equity is collectively referred
to as the “Consultant.”

    RECITALS:

     

    WHEREAS, the Company desires to obtain
Consultant’s services as set forth in the Agreement; and

     

    WHEREAS, Consultant desires to provide
such services to the Company for a fee that will compensate Consultant for time
spent for services rendered and costs advanced by Consultant as contemplated in
the Agreement.

     

    NOW, THEREFORE, in consideration of the
foregoing and of the mutual promises and condition hereinafter set forth, the
parties agree as follows:

     

    1.
Retention of Consultant. The Company hereby engages and retains Consultant and
Consultant hereby agrees to use Consultants best efforts to render to the
Company the consulting services for a period commencing on the date of this
Agreement and terminating on December 31, 2010, provided that the Company may
terminate this Agreement, in its sole discretion, at any time after December 21,
2009.

     

         2.
Consultant’s Services.  Consultant shall provide the following
services under this Agreement:

     

    2.1
Advise the Company in strategic planning for corporate growth.

     

    2.2
Introduce the Company to potential individuals or companies that will assist the
Company in its corporate growth efforts.

     

    2.3
Advise the Company regarding means of accessing potential financing sources
directly or through the assistance of third parties;

     

    2.42
Introduce the Company to members of the broker-dealer and financial
community;

     

    2.3
Advise the Company in its dealings with members of the business and financial
community including travel at request of the Company; and

     

    2.4
Advise the Company on investor relations and public relations.

     

    3. Payment for Services.

     

              3.1
The Company shall honor and promptly pay all monthly invoices rendered by the
Consultant for services rendered under this Agreement. Charges for service shall
be in reasonable amounts pursuant to a budget periodically reviewed and agreed
between the President of the Company and the Consultant.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

              3.2
The Company shall also issue Consultant options exercisable to purchase 600,000
shares of its Common Stock (each an “Option,” collectively, the “Options”) at a
price of $0.50 per share. The exercise price of the Options will be reduced to
the lowest price at which the Company sells any of its equity securities, or
agrees to sell any of its equity securities though an option, warrant or
convertible security, during the term of the Options. Each Option will have a
term of five years from the date of grant. Each Option shall be deemed to have a
value of $.0001. The Options shall be in a form acceptable to the parties, shall
be fully transferable by Northern Equity and shall include the terms set forth
below.

     

              3.3
The Options shall vest as follows: (i) 50,000 Options shall vest and be
exercisable upon execution of the Agreement and (ii) 550,000 Options shall vest
and be exercisable upon the Company’s closing one or more Financing Transactions
totaling at least $1,000,000. A “Financing Transaction” is one in which the
Company obtains cash, securities, assets, credit enhancement or other source of
capital to assist in its operation or expansion.

     

              3.4
The Options may be exercised in whole or in part from time to time by delivering
written notice, via facsimile, with original by next day delivery, along with
full payment of the exercise price for any exercise, to the Company. Consultant
may pay the exercise price in cash or by cashless exercise. In the case of a
cashless exercise, Consultant will surrender the Options to be exercised to the
Company together with a notice of cashless exercise, in which event the Company
will issue to Consultant the number of shares of Common Stock underlying the
Options to be exercised less the number of shares of Common Stock required to
pay the aggregate exercise price of the Options to be exercised.

     

              3.5
For purposes of Rule 144 (“Rule 144”) promulgated under the Securities Act of
1933, as amended, the Common Stock issued in any cashless exercise transaction
shall be deemed to have been acquired by Consultant, and the holding period for
such Common Stock shall be deemed to have been commenced, on the issue date of
the Options.

     

              3.6
The payments and issuance of the Options under this Paragraph 3, “Payment for
Services,” shall be deemed full and complete consideration for the services to
be rendered by Consultant under this Agreement.

     

              3.7
The Company will promptly reimburse Consultant for all direct expenses incurred
by Consultant in performing such services. Consultant shall obtain the approval
of the Company prior to incurring any expenses. Consultant will tender requests
for reimbursement to the Company and the Company will make the reimbursement to
Consultant within ten (10) days after its receipt of written
notification.

     

    4. Consultant’s Time Commitment.
Consultant shall devote such time as reasonable requested by the Company for
consultation, advice and assistance on matters described in this Agreement and
provides the same in such form as the Company requests. The Company agrees that
Consultant shall not be prevented or barred from rendering services similar or
dissimilar in nature for and on behalf of any person, form or corporation other
than the Company.

     

    5. Nature of Relation. The relationship
created under this Agreement is that of an independent contractor. The parties
acknowledge and agree that Consultant shall have no authority to, and shall not,
bind the Company to any agreement or obligation with any third party, or assist
in or conduct any negotiations between the Company and any financing sources,
communicate the terms of any offers or sales between the Company and any
financing sources, communicate the terms of any offers or sales between the
Company and financing sources respecting a possible Financing Transaction,
effect a Financing Transaction or provide services as a broker/dealer.
Consultant is not a lender, investor, broker/dealer, investment banker,
underwriter or securities sales agent, or investment advisor. Consultant will
not provide legal, accounting or other licensed service.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

          6.
Nondisclosure of Confidential Information. Consultant shall maintain as secret
and confidential all valuable information heretofore or hereafter acquired,
developed or used by the Company in relation to its business, operations,
employees and customers that may give the Company a competitive advantage in its
industry (all such information is hereinafter referred to as “Confidential under
this Agreement, Consultant may acquire Confidential Information. Consultant
recognizes that all such Confidential Information is the property of the
Company. During the term of Consultant’s engagement by the Company, Consultant
shall exercise all due and diligent precautions to protect the integrity of any
or all of the Company’s documents containing Confidential Information. In
consideration of the Company entering into this Agreement, Consultant shall not,
directly or indirectly, use, publish, disseminate or otherwise disclose any
Confidential Information obtained during Consultant’s engagement by the Company
without the prior written consent of the Company. The parties agree that this
Paragraph 6 shall survive the termination of the Agreement.

     

           7.
Communications with Consultant. Consultant will not independently conduct a due
diligence review of the Company and will, to a great extent, by relying upon
information provided by the Company in rendering services under this
Agreement.

     

    8.
Exculpation of Liability and Indemnification. All decisions with respect to
consultations or services rendered by Consultant for transactions negotiated for
and presented to the Company by Consultant shall be those of the Company, and
Consultant shall have no liability with respect to such decisions. In connection
with the services Consultant renders under this Agreement, the Company
indemnifies and holds Consultant harmless against any and all losses, claims,
damages and liabilities and the expense, joint and several, to which Consultant
may become subject and will reimburse Consultant for any legal and other
expenses including attorney’s fees and disbursements incurred by Consultant in
connection with investigating, preparing or defending any actions commenced or
threatened or claim whatsoever, whether or not resulting in the liability,
insofar as such are based upon the information the Company has supplied to
Consultant under this Agreement. In connection with the services Consultant
renders under this Agreement, Consultant indemnifies and holds the Company
harmless against any and all losses, claims, damages and liabilities and the
expense, joint and several, to which Company may become subject and will
reimburse Company for any legal and other expenses, including attorney’s fees
and disbursements incurred by the Company in connection with investigating,
preparing or defending any actions commenced or threatened or claim whatsoever,
whether or not resulting in the liability, insofar as such are based upon or in
connection with the services Consultant has rendered under this
Agreement.

     

    9.
Piggyback Registration. If at any time during the period the Options are
outstanding the Company determines to file a registration statement with the
Securities and Exchange Commission in the United States relating to an offering
for its own account or the account of others under the Securities Act of 1933,
as amended, of any of its equity securities, then the Company shall send to
Consultant a written notice of such offering. If within fifteen (15) days after
receipt of such notice, Consultant shall so request in writing, the Company will
include in such registration statement any or all of the shares of Common Stock
issuable on exercise of the Options that Consultant requested to be registered.
The Company shall not, however, be required to register any such shares of
Common Stock that are eligible for resale pursuant to Rule 144 promulgated under
the Securities Act. Consultant will, upon written request of any third party,
which also has registration rights, reduce the number of its shares to be
registered under the registration in the proportion that the shares of
Consultant and such third party bear to each other.

     

    10.
Entire Agreement. This Agreement sets forth the entire agreements and
understanding of the parties relating to the subject matter hereof, and
supersedes all prior agreements, arrangements, and understandings, written or
oral, relating to the subject matter hereof. No representation, promise, or
inducement has been made by any party that is not embodied in this Agreement,
and no party shall be bound by or liable for any alleged representation, promise
or inducement not so set forth. If any provision of the Agreement shall be
declared void or against public policy, such provision shall be deemed severed
from this Agreement and the remaining provisions shall remain in full force and
effect and unmodified.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

       

    

    11.
Assignment. The Consultant may not assign or transfer this Agreement without
written authorization from the Company, which consent shall not be unreasonably
withheld. The Company may assign its rights, together with its obligations,
hereunder in connection with any sale, transfer or other disposition of all or
substantially all of its business or assets. In such event, the rights and
obligations of the Company under this Agreement shall be binding on its
successors or assigns, whether by merger, consolidation or acquisition of all or
substantially all of the business or assets.

     

    12.
Amendment. This Agreement may be amended, modified, superseded, canceled,
renewed or extended and the terms or covenants hereof may be waived only by a
written instrument executed by all of the parties hereto who are thereby
affected, or in the case of a waiver, by the party waiving compliance. No waiver
by either party of the breach of any terms or covenant contained in this
Agreement, whether by conduct or otherwise, in any one or more instances, shall
be deemed to be, or construed as, a further or continuing waiver or any such
breach, or a waiver of the breach of any other term of covenant contained in
this Agreement.

     

    13.
Notices. All notices, consents, requests, demands and offers required or
permitted to be given under this Agreement will be in writing and will be
considered properly given or made when personally delivered to the party
entitled thereto, or when mailed by certified United States mail, postage
prepaid, return receipt requested, addressed to the addresses appearing in this
Agreement. A party may change his address by giving notice to the other party to
this Agreement.

     

    14.
Counterparts. This Agreement may be signed in any number of counterparts, each
of which shall be an original, but all of which, taken together, shall
constitute one agreement. It shall not be required that any single counterpart
hereof be signed by the parties, so long as each party signs any counterpart of
this Agreement.

     

    15.
Governing Law. This Agreement shall be governed in all respects and for all
purposes by the laws of the State of Wisconsin and the Courts of such State
shall have exclusive jurisdiction to enforce any order or award obtained in
arbitration.

     

    16.Arbitration.
Any controversy, claim, or dispute between the parties, directly or indirectly,
concerning this Agreement or the breach hereof, or the subject matter hereof,
including questions concerning the scope and applicability of this arbitration
clause, shall be finally settled by arbitration in Wisconsin pursuant to the
rules then applying of the American Arbitration Association.

     

    17.
Attorneys’ Fees. In case of any action or proceeding to compel compliance with,
or for a breach of, any of the terms and conditions of this Agreement, the
prevailing party shall be entitled to recover from the losing party all costs of
such action or proceeding, including, but not limited to, reasonable attorneys’
fees.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as
of the day and year first above written.

     

    
      
        	 	China
      Wi-Max Communications, Inc.	 
	 	 	 	 
	
                By: 
      

              	
                 

              	 	 
	 	 	Steven
      T. Berman	 
	 	 	President
      and Chief Executive Officer	 
	 	 	 	 
	
                 Address: 
      

              	 	Denver
      Tower	 
	 	 	1905
      Sherman Street, Suite 335	 
	 	 	Denver,
      CO 80203	 

      

    

     

    
      	 	Northern
      Equity Inc.	 
	 	 	 	 
	
              By: 
      

            	
               

            	 	 
	 	 	James
      Prange	 
	 	 	President
      and Chief Executive Officer	 
	 	 	 	 
	
               Address: 
      

            	 	P.O.
      Box 122	 
	 	 	Greenbush,
      WI 53026

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