Document:

ex10one.htm

     

     

    
      

      

    

    
 

    Advisory
Agreement

    

    This
Agreement is made as of March 15, 2009, by and between Tianyin Pharmaceutical
Co., Ltd. (“Company”), a Chinese company with its principal offices at 11th Floor,
South Tower, Jinjiang Times Garden, 107 Jin Li Road West, Chengdu, P. R. China
610072, and TriPoint Capital Advisors, LLC (“Advisor”), a Maryland, United
States, limited liability company, with its principal offices at 400
Professional Drive, Suite 310 Gaithersburg, Maryland 20879.

    

    Witnesseth

    

    WHEREAS, the Company currently
has an advisory agreement with the Advisors and would like to continue to
received the services provided by the Advisor; and

    

    WHEREAS, the Company requires
expertise in the area of business development to support it's business and
growth and desires to engage Advisor to provide such business development
services and specifically to assist the Company with its entry into the U.S.
capital markets in order to further its business and corporate development; and,
thereafter to assist the Company with its ongoing corporate compliance and
development; and

    

    WHEREAS,
Advisor, through its principals, agents and employees, has expertise in the
implementation of projects of the nature and type contemplated by the Company in
its future expansion and development which Advisor has agreed to provide to the
Company.

    

    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 follows:

    

    1.    Appointment
of Advisor

    

    The
Company hereby appoints Advisor, and Advisor agrees to represent the Company, as
a non-exclusive Advisor to assist the Company in its business and corporate
development, in structuring its capital transactions, including but not limited
to assistance with entering the U.S. capital markets, to assist the Company in
evaluating financing transactions, to assist in the contemplated marketing and
development of the Company in the United States, and to assist the Company with
its ongoing compliance obligations as a U.S. public company following the
completion of the contemplated transactions. Advisor shall have the right during
the term of this agreement to represent to the public that it is an Advisor to
the Company.

    

    2.    Advisor's
Rights and Duties

    

    Advisor
shall use its best efforts to assist the Company in its business and corporate
development, including but not limited to:

    

    
      	
               
      

            	
              i.

            	
              Review
      the Company’s current financing needs and assist the Company to develop a
      strategic plan in order to meet those
needs.

            

    

    

    
      
        	 	
                ii.

              	
                Assist the Company to
      remain compliant with the requirements of the NYSE Alternext Exchange
      including all filings, pre approvals, continued listings and
      registrations, communications and
events.

              

      

    

    
      
      

    

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    
      
        	 	
                iii.

              	
                Assist
      the Company in the all rounds of private placement financing by reviewing
      the Company’s current capital structure and business operations and
      advising the Company as to the structure of future capital
      transactions.

              

      

       

    

    
      
        	 	
                iv.

              	
                Assist
      in the reviewing and editing of the Company’s business
    plan.

              

      

    

    

    
      	
               
      

            	
              v.

            	
              Assist
      each the Company in creating a corporate image for the U.S. capital
      markets including introductions to retail brokerage firms to assist in
      generating investor interest and assisting in creation of the proper
      presentation of the Company’s financial
story.

            

    

    

    
      
        	 	
                vi.

              	
                Assist
      the Company to identify and engage appropriate investment banking,
      investor relations, legal and accounting relationships necessary to carry
      out the Company’s strategic
plan.

              

      

    

    

    
      
        	 	
                vii.

              	
                Assist
      the Company in maintaining proper US corporate compliance and
      governance.

              

      

    

    

    
      
        	 	
                viii.

              	
                Review
      potential merger or acquisition candidates on behalf of the Company and
      advise as to the structure of any such
  transactions.

              

      

    

    

    
      
        	 	
                ix.

              	
                Work
      with the Company’s independent Auditor in order to assist the Company to
      comply with US GAAP accounting
standards.

              

      

    

    

    
      	
               
      

            	
              x.

            	
              Assist
      the Company to recruit outside directors to the public company when
      needed.

            

    

    

    
      
        	 	
                xi.

              	
                Such
      other duties as the Advisor and the Company may reasonably
      agree.

              

      

    

    

    3.    Company
Obligations

    

    (a)           The
Company’s officers, attorneys and accountants will have to be ready to answer
questions from the SEC, NASDAQ, AMEX and/or other regulatory agencies, markets
or exchanges.

    

    (b)           The
Company will need to have audited financial statements for at least the last
three fiscal years and have audited financial statements prepared in accordance
with US GAAP on an annual basis.  In addition, the Company will need
to prepare and present quarterly information that has been reviewed by an
independent auditor on a “go-forward basis”.

    

    4.    Company
Information

    

    In
connection with Advisor's performance of its duties hereunder, the Company shall
(i) provide Advisor, on a timely basis, all information reasonably requested by
Advisor, and  (ii) make its officers and professionals available to
Advisor and such third parties as Advisor shall designate, as agreed to in
advance by the Company, at reasonable times and upon reasonable
notice.

    

    5.    Confidential
Information

    

    Advisor
acknowledges that, in the course of performing its duties hereunder, it may
obtain information relating to the Company, which the Company has marked as
confidential ("Confidential Information").  Advisor shall hold at all
times, both during the term of this agreement and at all times thereafter, such
Confidential Information in the strictest confidence, and shall not use such
Confidential Information for any purpose, other than as may be reasonably
necessary for the performance of its duties pursuant to this agreement, without
the Company's prior written consent.  Advisor shall not disclose any
Confidential Information to any person or entity, other than to Advisor's
employees or Advisors as may be reasonably necessary for purposes of performing
its duties hereunder, without the Company's prior written
consent.   The foregoing notwithstanding, the term "Confidential
Information" shall not include information which (i) becomes generally available
to the public, other than as a result of a breach hereof, (ii) was available on
a non-confidential basis prior to its disclosure to Advisor by the Company, or
(iii) becomes available to Advisor on a non-confidential basis from a source
other than the Company, provided that such source is not bound by a
confidentiality agreement with respect to such information.  The
foregoing notwithstanding, Advisor may disclose Confidential Information to the
extent required by law or regulation, including but not limited to court orders,
subpoenas, civil investigative demands and interrogatories.

     

     

     

    
      
         

      

      
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    6.    Compensation

    

    As
compensation for Advisor’s services, the Company shall pay Advisor a flat fee
monthly fee of $15,000 per month, payable on the 1st day of
each month.

    

    As
further compensation for the Advisor’s active participation in the development
of the Company’s strategic development, as contemplated in this Agreement, the
Company will issue to Advisor and/or its affiliates 150,000 5 year common stock
options at strike price of $1.60, which options shall vest in full on October 1,
2009. The Company hereby agrees to use its best efforts to register for resale
the shares underlying the Options (the “Option Shares”) in the next
registrations statement or amendment to the current registration statement that
is expected to be filed.

    

    

    7.   
Due Diligence

    

    The
Company agrees to  (i) allow TriPoint to conduct detailed due
diligence on the Company, (ii) provide updated three-year financial
projections, (iii) provide a detailed schedule of expected material milestones
for the next 24 months, (iv) provide a detailed use of proceeds during the next
12 months, (v) provide a comprehensive business plan and (v) provide an
updated management presentation; and will provide such information that is
reasonably necessary to ensure that TriPoint is fully capable of performing
under the terms of this Agreement.

    

    The
Company understands that Advisor is not a broker-dealer and as such will not act
as a placement agent in connection with any merger, acquisition or financing
transaction, nor will Advisor take commission based fees for any services
provided hereunder and is solely acting as an advisor with regard to such
transactions in addition to other services being provided
hereunder.  One of the Advisor’s affiliates, TriPoint Global Equities,
LLC is a licensed broker-dealer and the Company agrees that Advisor or its
affiliated entity shall enter into a separate placement agreement with the
broker dealer upon execution of this agreement.

    

    

    8.  
Indemnification

    

    The
Company agrees to indemnify and hold harmless Advisor (including each of its
directors, officers, employees, partners and agents) with respect to any
liability (and actions in respect thereof) incurred by Advisor by virtue of its
retention hereunder and shall reimburse Advisor for any legal or other expenses
reasonably incurred in connection with  investigating or defending any
such liability or action, provided that the Company shall have
the  right to control the defense of any claim giving rise to such
liability and no such claim shall be settled  without the consent of
the Company.  The foregoing provisions shall survive termination of
this Agreement and any investigation with respect thereto by any party
hereto.

     

     

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
 

    The
Company understands and agrees that its financial statements, any filings
which  the Company makes with the SEC, NASD, AMEX, state regulators or
any market or exchange and the contents thereof are ultimately the
responsibility of the Company and its officers and directors. Advisor can assist
and advise the Company in the preparation of such filings but the Company must
approve and is responsible for the contents of all filings.

    

    9.    Other
Engagements

    

    The
Company acknowledges that Advisor is and will be acting as a Advisor to other
business enterprises seeking business development, investment banking and/or
other services normally provided by Advisor and agrees that Advisor's provision
of services to such enterprises shall not constitute a breach hereof or of any
duty owed to the Company by virtue of this agreement.

    

    10.    Term

    

    This
agreement is effective upon execution by the Company as provided below and shall
continue in effect for 12 months or until terminated by either party pursuant to
Section 14.

    

    11.    Termination

    

    Either
party may terminate this agreement at any time and for any reason, with or
without cause, upon the giving 30 days written notice of termination to the
other party; provided, however, that Advisor shall be entitled to full
compensation, as set forth in Section 6, up to the date of termination,
regardless of the reason for the termination and shall be paid all expenses
incurred in connection with its acting as a Advisor to the Company pursuant to
Section 7.

    

    

    12.     Choice
of Law; Dispute Resolution

    

    (a)           This
AGREEMENT shall be interpreted, controlled, and en­forced in accordance with
the substantive laws of the State of New York.

    

    (b)           Each
party shall bear its own expenses in any litigation conducted under this
section.

    

    (c)           Disputes;
Arbitration.

    

    (i)           Mandatory
Arbitration.   All disputes arising out of or relating to this
AGREEMENT will be resolved by mandatory, binding arbitration in accordance with
this Section 13(c).

    

    (ii)           Friendly
Negotiations.   Before any arbitration is commenced pursuant to
this Section 15(c), the Parties must endeavor to reach an amicable settlement of
the dispute through friendly negotiations.

    

    (iii)           Commencement
of Arbitration.   If no mutually acceptable settlement of the
dispute is made within the sixty (60) days from the commencement of the
settlement negotiation or if any party to this AGREEMENT refuses to engage in
any settlement negotiation, any party to this AGREEMENT may submit the dispute
for arbitration.

     

     

     

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    
 

    (iv)           Arbitration.   Any
arbitration commenced pursuant to this Section 13(c) will be conducted in Hong
Kong under the Arbitration Rules of the United Nations Commission on
International Trade Law by arbitrators appointed in accordance with such rules.
The arbitration and appointing authority will be the Hong Kong International
Arbitration Centre (“HKIAC”). The arbitration will be conducted by a panel of
three arbitrators, one chosen by each party to this AGREEMENT and the third by
agreement of the parties; failing agreement within 30 days of commencement of
the arbitration proceeding, the HKIAC will appoint the third arbitrator. The
proceedings will be confidential and conducted in English. The arbitral tribunal
will have the authority to grant any equitable and legal remedies that would be
available in any judicial proceeding instituted to resolve a disputed matter,
and its award will be final and binding on the parties. The arbitral tribunal
will determine how the parties will bear the costs of the arbitration.
Notwithstanding the foregoing, each party will have the right at any time to
immediately seek injunctive relief, an award of specific performance or any
other equitable relief against the other party in any court or other tribunal of
competent jurisdiction. During the pendency of any arbitration or other
proceeding relating to a dispute between the parties, the parties will continue
to exercise their remaining respective rights and fulfill their remaining
respective obligations under this AGREEMENT, except with regard to the matters
under dispute.

    

    13.    General
Provisions

    

    (a)           
This agreement constitutes the entire agreement and final understanding of the
parties with respect to the subject matter hereof and supersedes and terminates
all prior and/or contemporaneous understandings and/or discussions between the
parties, whether written or verbal, express or implied, relating in any way to
the subject matter hereof.  This agreement may not be altered,
amended, modified or otherwise changed in any way except by a written agreement,
signed by both parties.

    

    

    (b)           
Any notice or other communication pursuant hereto shall be given to a party at
its address first set forth above by (i) personal delivery, (ii) commercial
overnight courier with written verification of receipt, or (iii) registered or
certified mail.  If so mailed or delivered, a notice shall be deemed
given on the earlier of the date of actual receipt or three (3) days after the
date of authorized delivery.

    

    

    (c)           
This agreement may be executed in counterparts, each one of which shall
constitute an original and all of which taken together shall constitute one
document. The Company shall confirm that the foregoing is in accordance with its
understanding by signing and returning to Advisor the enclosed copy of this
agreement, which shall become a binding agreement upon Advisor's
receipt.

    

     

     

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
 

    IN WITNESS WHEREOF, the parties hereto
have caused this agreement to be duly executed as of the date first written
above.

    

    TRIPOINT
CAPITAL ADVISORS, LLC

    

    

    

    

    By:_____________________________

        Mark
Elenowitz

        Managing
Director

    

    

    

    TIANYIN
PHARMACEUTICAL CO., LTD.

    

    

    

    

    By:_____________________________

    Guoqing
Jiang

    Chairman/CEO

    

    

     

    

     

    

    

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    

    

    
 

    

    

    

    

    

    

    

     

    Wiring
Instructions

     

     

    

     

     

    Mid
Atlantic Federal Credit Union, Gaithersburg, MD 20898

     

     

    ABA
#255077477

     

     

    FBO:
TriPoint Capital Advisors, LLC

     

     

    Account:
800207350

     

     

     

    
 

    
      
         

      

      
        7ex10two.htm

     

     

    
      

      

    

     

    
 

    INVESTOR
RELATIONS AGREEMENT

    

     
  

    This
Investor Relations Agreement is made this the 25th day of March 2009, between
Chesapeake Group, Inc.  (hereinafter referred to as "Consultant"), and
Tianyin Pharmaceutical Inc. (hereinafter referred to as "Corporation" and
together with Consultant, the "Parties"):

    

    

    Recitals:

    

    

    WHEREAS,
the Corporation desires to engage the services of the Consultant to perform the
Corporation's consulting services regarding all phases of the Corporation's
"Investor Relations," including broker/dealer relations as such may pertain to
the operation of the Corporation's business.

    

    WHEREAS, Consultant,
through its principals, agents and employees, has certain expertise in the
financial public relations activities, which involve corporate relations and
relationships with various financial service industry professionals, including,
but not limited to broker/dealers involved in the

    regulated
securities industry, of the nature and type contemplated by the
Corporation.

    

    

    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
follows:

    

    

    1.           Appointment of
Consultant

    

    The
Corporation hereby appoints Consultant, and Consultant agrees to represent the
Corporation as a non-exclusive consultant to assist the Corporation as herein
described and Consultant shall have the right during the term of this agreement
to represent to the public that it is a consultant to the
Corporation.

    

    2.           Term

    

    The term
of this Agreement shall be for six (6) months commencing on April 6, 2009
renewable by the Corporation in three (3) month periods for a total of twelve
(12) months.

    

    3.           Services Provided by
Consultant

    

    

    (a)           Consultant
will provide consulting services in connection with the Corporation's "investor
relations" dealings with FINRA broker/dealers and the investing public. (At no
time will the Consultant provide services which would require Consultant to be
registered and licensed with any federal or state regulatory body or
self-regulating agency.) During the term of this Agreement, Consultant will
provide those services customarily provided by an investor relations firm to a
Corporation, including but not limited to the following:

    

    
      	
               
      

            	
              (1)

            	
              Aiding
      the Corporation in developing a marketing plan directed at informing the
      investing public (including institutional investors) as to the business of
      the Corporation;

            

    

    

    
      	
               
      

            	
              (2)

            	
              Providing
      the Corporation with and in-depth marketing and advertising
      program

            

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
 

    
      	
               
      

            	
              (3)

            	
              Aiding
      and advising the Corporation in establishing a means of securing
      nationwide interest in the Corporation's
  securities;

            

    

    

    
      	
               
      

            	
              (4)

            	
              Providing
      the Corporation with coaching for conference calls and road shows and
      arrange for broker/dealer presentations for investors at Consultant's
      expense;

            

    

     

    
      	 	(3) 	Helping the
      Corporation with Industry Research; 

    

    

    
      	
               
      

            	
              (f6

            	
              Aiding
      and consulting the Corporation in the preparation and dissemination of
      press releases and news announcements; and    
       

            

    

    

    
      	
               
      

            	
              (7)

            	
              Aiding
      and consulting the Corporation in the preparation and dissemination of all
      "due diligence" packages requested by and furnished to FINRA registered
      broker/dealers, the investing public, and/or other institutional and/or
      fund mangers requesting such information from the
      Corporation.

            

    

    

    (b)           The
Consultant is an independent contractor and shall have no authority to bind the
Corporation or incur other obligations on behalf of the
Corporation.

     

    (c)           The
Consultant agrees that it will only communicate regarding the Corporation to
licensed brokerage professionals and will not engage in any solicitation of the
public with regard to the Corporation or its
securities.  Notwithstanding the foregoing, the Consultant may provide
pre-approved information regarding the Crporation (i) in response to unsolicited
inquiries by the Corporation’s shareholders; (ii) to valid trade and industry
publications, newspapers and periodicals; and (iii) may otherwise engage in
communications which are normal and customary for an investor relations firm and
which do not involve solicitation of investors in connection with its role as an
investor relations firm for the Corporation.  The Consultant further
agrees that it will only disclose information regarding the Corporation that was
specifically provided to it by the Corporation for dissemination and will keep
confidential any information marked as such by the Corporation.  The
Consultant agrees that it will not make any undisclosed payments to brokers or
others and will generally act within the letter and the spirit of U.S.
securities laws, rules and regulations at all times.

    

    (d)           Neither
the Consultant nor any of its principals is subject to any sanction or
restriction imposed by the SEC, FINRA, any state securities commission or
department, or any other regulatory or governmental body or agency, which would
prohibit, limit or curtail the Consultant’s execution of this Agreement or the
performance of its obligation hereunder.

    

     
               
  

     
    

    4.     Compensation

    

    

    In
consideration for the services provided by Consultant to the Corporation, the
Corporation will provide $7500 per month cash consideration and 45,000
restricted shares, vesting 15,000 shares on execution and the balance of 7500
per month as compensation to Consultant.  This stock shall have
"piggyback" registration rights and will be included in a registration statement
in a timely manner and the Corporation will pay all legal costs for registration
of the shares, and any future registration statements.

    

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    

    5.           Confidentiality

    

    In the
course of the performance of this Agreement it is expected that specific
sensitive information concerning the operations of the Corporation, its
business, and/or affiliate companies shall come to the attention and knowledge
of Consultant.  In such event, Consultant will not divulge, discuss,
or otherwise reveal such information to any third parties, except third parties
employed by or consulting with the Consultant in connection with and with
respect to the services being rendered to the Corporation under this
Agreement.  All employees and consultants of the Consultant shall be
bound by the terms and conditions of this Agreement.  It shall be the
sole responsibility of the Consultant to monitor the activity of his employees
and consultants to ensure that the confidentiality terms of this agreement are
met.  The foregoing notwithstanding, Consultant may disclose
Confidential Information to the extent required by law or regulation, including
but not limited to court orders, subpoenas, civil investigative demands and
interrogatories.

    

    

    6.           Representation of
Corporation

     

    The
Corporation, upon entering into this Agreement, hereby warrants and guarantees
to the Consultant that to the best knowledge of the Officers and Directors of
the Corporation, all statements, either written or oral, made by the Corporation
to the Consultant are true and accurate, and contain no material misstatements,
or omission fact. Consultant acknowledges that estimates and projections of
performance made by the Corporation are based upon the best information
available to the Corporation and its officers at the time of said estimates and
projections. The Corporation acknowledges that the information it delivers to
the Consultant will be used by the Consultant in preparing materials regarding
the Corporation’s business, including but not necessarily limited to, its
financial condition, for dissemination to the public. Therefore, in accordance
with Section 7, the Corporation shall hold the Consultant harmless from any and
all errors, omissions, misstatements, except those made in a negligent or
intentionally misleading manner in connection with all information furnished by
the Corporation to Consultant.      

     

    7.           Limited
Liability

    

    With
regard to the services to be performed by the Consultant pursuant to the terms
of this Agreement, the Consultant shall not be liable to the Corporation, or to
anyone who may claim any right due to any relationship with the Corporation, for
any acts or omissions in the performance of services on the part of the
Consultant, except when said acts or omissions of

    the
Consultant are due to its own misconduct or negligence.

    

    8.          
Other Engagements

    

    The
Corporation acknowledges that Consultant is and will be acting as a consultant
to other business enterprises seeking investor relations and/or other services
normally provided by Consultant and agrees that Consultant's provision of
services to such enterprises shall not constitute a breach hereof or of any duty
owed to the Corporation by virtue of this Agreement.

    

    

    9.           Termination

    

    Either
party upon the giving of not less than thirty (30) days written notice may
terminate this Agreement, delivered to the other party at such address or
addresses as set forth herein.  The thirty (30) day termination period
shall not begin until the other party has received or is deemed to have received
the notice of termination.

    

     

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    

    10.           Notices

    

    Any
notice or other communication pursuant hereto shall be given to a party at its
address set forth below by (i) personal delivery, (ii) commercial overnight
courier with written verification of receipt, or (iii) registered or certified
mail.  If so mailed or delivered, a notice shall be deemed given on
the earlier of the date of actual receipt or three (3) days after the date of
authorized delivery.

     

    
    

     

    
      	If to the
      Consultant: 	
              Kevin
      Holmes

              Chesapeake Group

              40 West Chesapeake Avenue, Suite 300

              Towson, MD
21204 

            

    

     

    
      	
              If
      to the Corporation:

            	
              11th
      Floor, South Tower,

              Jinjiang Times Garden,

              107 Jin Li Road West,

              Chengdu, P.R. China
  610072

            

    

    

     
    

     
                 
  

    11.           Attorney's
Fees

     

    In the
event any litigation or controversy arises out of or in connection with this
Agreement between the Parties hereto, the prevailing party in such litigation,
arbitration or controversy, shall be entitled to recover from the other party or
parties, all reasonable attorney's fees expenses and suit costs, including those
associated within the appellate or post-judgment

    collections
proceedings.

    

    12.           Arbitration

    

    Any
dispute arising under or in any way related to this Agreement shall be submitted
to binding arbitration by the American Arbitration Association in accordance
with the Association's commercial rules then in effect.  The
arbitration shall be conducted in Rockville, Maryland.  The
arbitration shall be binding on the parties and the arbitration award may be
confirmed by any court of competent jurisdiction.

    

    13.           Governing
Law

    

    This
Agreement shall be construed under and in accordance with the laws of the State
of New York. All parties hereby consent to the state of New York as the proper
jurisdiction for any such proceeding if applicable.

    

    14.           Parties
Bound

    

    This
Agreement shall be binding on and inure to the benefit of the contracting
parties and their respective heirs, executors, administrators, legal
representatives, successors, and assigns when permitted by this
Agreement.

    

    15.           Legal
Construction

    

    In case
any one or more of the provisions contained in this Agreement shall, for any
reason, be held to be invalid, illegal, or unenforceable in any respect, the
validity, illegality, or unenforceability shall not affect any other provision,
and this Agreement shall be construed as if the invalid, illegal, or
unenforceable provision had never been in it.

     

     

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    
 

    16.           Entire
Agreement

    

    This
agreement constitutes the entire agreement and final understanding of the
parties with respect to the subject matter hereof and supersedes and terminates
all prior and/or contemporaneous understandings and/or discussions between the
parties, whether written or verbal, express or implied, relating in any way to
the subject matter hereof.  This Agreement may not be altered,
amended, modified or otherwise changed in any way except by a written agreement,
signed by both parties..

    

    17.           Multiple Copies or
Counterparts of Agreement

    

    This
agreement may be executed in counterparts, each one of which shall constitute an
original and all of which taken together shall constitute one document. The
Corporation shall confirm that the foregoing is in accordance with its
understanding by signing and returning to Consultant the enclosed copy of this
agreement, which shall become a binding agreement upon Consultant's
receipt. Further,
this Agreement may be signed by the parties and copies hereto delivered to each
party by way of facsimile transmission, and such facsimile copies
shall

    be deemed
original Copies for all purposes if original copies of the parties' signatures
are not delivered.

    

    18.           Liability for
Expenses

    

    All fees
and costs incurred in relation to the services provided by the Consultant
pursuant to this Agreement shall be the responsibility of the Consultant, except
those fees and costs previously approved in writing by an Officer of the
Corporation.

    

    19.           Headings

    

    Headings
used throughout this Agreement are for reference and convenience and in no way
define by presentation, limit or describe the scope or intent of this
Agreement.

    

    

    IN
WITNESS WHEREOF, the Parties have set their hands and seal as of
the

    date
written above.

    

    Chesapeake
Group Inc.

    

    

    

    BY:
_______________________

    Kevin
Holmes,

    President/CEO 
           

    

     
                     
                   
  

    Tianyin
Pharmaceutical Co, Inc.

     

     

     

    BY: _______________________

    Guoqing Jiang

    Chairman/CEO

     

     

     

    
      
         

      

      
        5

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