Independent Director Agreement between China Pharma Holdings, Inc. and Baowen Dong

Contract Categories: Human Resources › Employment Agreements
Summary

China Pharma Holdings, Inc. appoints Baowen Dong as an independent director, as well as a member of its Audit Committee and Nominating and Compensation Committee. The agreement specifies that Mr. Dong's term begins upon board approval and ends at the next annual shareholders meeting. He will receive an annual retainer of RMB 40,000, paid quarterly. The agreement is confirmed by Mr. Dong's signature, indicating his acceptance of the terms.

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EX-10.3 3 ex103.htm DONG DIRECTOR AGREEMENT ex103.htm
 
 
Re: Service about being independent director, member of the Audit Committee, and member of the Nominating and Compensation Committee of China Pharma Holdings, Inc.
 
December 19, 2013

Dear Mr. Baowen Dong,

On behalf of the Board of Directions and the Company, I am pleased to welcome you to join the Board of the China Pharma Holdings, Inc. as an independent director, member of the Audit Committee, and member of the Nominating and Compensation Committee. I look forward to working with you. Your starting date will be the date of the board approves your engagement and your engagement for this term will end on the date of the next annual shareholders meeting.

Your compensation will consist of the following:
 
1)  A retainer of RMB 40,000 per year, payable quarterly within 5 days of the end of the quarter;

If you agree to the terms and conditions stated above, please sign and date this letter below.

I look forward to working with you and sincerely hope that your service will be enjoyable and rewarding.

Sincerely


Chairman of the Board
China Pharma Holdings, Inc


Response:
This letter correctly sets forth the understanding of Mr. Baowen Dong.


By: /s/ Baowen Dong
 Baowen Dong

Date: 12/19/13