SEC Contract Filing

Filing Date: 2015-04-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>v407694_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.3</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>CONSULTING AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Consulting Agreement
(the &quot;Agreement&quot;) is made as of April 16, 2015 (&ldquo;Effective Date&rdquo;) between Iron Grid Ltd. (the &ldquo;Consultant&rdquo;),
and Andatee China Marine Fuel Services Corporation, a Delaware corporation (the &ldquo;Company&rdquo;). The Company and the Consultant
are collectively herein referred to as the &ldquo;Parties&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">WITNESSETH</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Consultant
is desirous of providing the Company with consulting services on terms and conditions hereinafter set forth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in
consideration of the mutual promises, covenants and agreements hereinafter set forth, the Parties agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1.&#9;<U>Term</U>. With the exception of
the confidentiality terms and obligations, this Agreement shall be effective as of the date first written above (the &ldquo;Effective
Date&rdquo;) and shall continue in effect for six (6) months unless it is extended by both parties in writing or it is validly
terminated by either party pursuant to Section 9 of this Agreement(the &ldquo;Term&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> 2. <U>Services</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.1 &#9;<U>Services</U>.
The Consultant shall assist the Company to manage web hosting business, to identify and introduce potential acquisition targets,
to advise on potential expansion and strategic plans of the Company&rsquo;s web hosting business and such other related services
as may be reasonably requested from time to time (the &ldquo;Services&rdquo;). From the Effective Date, Consultant shall devote
such reasonable time as may be required on a part-time basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.2&#9;<U>Standard
of Care</U>. The Consultant shall perform all Services in a timely and professional manner in accordance with the highest industry
standards. The Consultant represents that it is authorized to enter into this Agreement and that it is not bound by any commitments
or obligations which would preclude it from performing such Services or any of its obligations set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">3.&#9;<U>Compensation</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.1 <U>Fees</U>. &#9;In
consideration for entering into this Agreement, the Company hereby agrees to issue to Consultant an aggregate of 66,667 shares
of the Company&rsquo;s common stock, par value of $0.001 (the &ldquo;Shares&rdquo;). The Shares shall be issued in the name of
the Consultant or such other persons as designated by the Consultant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the purpose of
this Agreement and the Shares, the Consultant represents and warrants as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD STYLE="text-align: justify">the Consultant (i) has adequate means of providing for the Consultant's current needs and possible
personal contingencies, (ii) has no need for liquidity in this investment, (iii) is able to bear the substantial economic risks
of an investment in the Shares for an indef