Independent Director Appointment Letter between China Packaging Group Inc. and Michael Zhang
China Packaging Group Inc. appoints Michael Zhang as an independent director effective November 1, 2010. Mr. Zhang will receive an annual director's fee of $20,000, paid monthly. He agrees to keep all company confidential information and trade secrets private and not to disclose them without the company's consent. The appointment is confirmed by Mr. Zhang's signed acceptance of the terms outlined in this letter.
Exhibit 10.4
China Packaging Group Inc.
Nov. 1, 2010
Dear Mr. Michael Zhang:
Re.: Independent directorship
We are writing to confirm your appointment as an independent director of China Packaging Group, Inc. (the "Company"), which is currently listed on the OTCBB under CPAK.OB.
Following your acceptance, your appointment will be effective as of Nov. 1, 2010. You are entitled to an annual director's fee of US$20,000, or its RMB equivalent. Your annual fee will be payable monthly.
You hereby agree to maintain the confidentiality of the confidential information and trade secrets of the Company, including but not limited to, any confidential information and statistics, business plans, operations, technologies, know-how, systems and/or the proposed sale, purchase and use of services and products furnished in oral, visual, written and/or other tangible form and not to disclose such information to any third party without the prior consent of the Company.
Please confirm your acceptance of the appointment as an independent director of the Company by signing, dating and returning to us the attached copy of this letter.
Yours faithfully,
/s/ Fang Nengbin
Fang Nengbin
Chairman of the Board
I hereby confirm my acceptance to act as an independent director of the Company upon the terms contained in this letter.
/s/ Michael Zhang
Michael Zhang
Date: Nov. 1, 2010
