Independent Director and Committee Membership Agreement between China Pharma Holdings, Inc. and Baowen Dong
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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. His term begins upon board approval and ends at the next annual shareholders meeting. Mr. Dong 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.
EX-10.3 4 cphi10kex103123112.htm cphi10kex103123112.htm 
Exhibit 10.3
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 24, 2012
Dear Mr. Baowen Dong,
On behalf of the Board of Directors 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
Date:
