Director Agreement between Elite Energies, Inc. and Ai Huan Liu

Contract Categories: Human Resources › Consulting Agreements
Summary

Elite Energies, Inc. and Ai Huan Liu have entered into an agreement effective April 10, 2011, appointing Ai Huan Liu as a member of the company's Board of Directors. The agreement remains in effect as long as Ai Huan Liu serves as a director. Directors do not receive fees for attending board or committee meetings but will be reimbursed for reasonable out-of-pocket expenses related to such meetings.

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EX-10.1 2 f8k041311ex10i_elite.htm DIRECTOR AGREEMENT f8k041311ex10i_elite.htm
Exhibit 10.1
 
Elite Energies, Inc.
848 Stewart Drive, Suite 101, Sunnyvale, California 94085
Tel. (888) 209-9909 Fax. (408) 457-8475
www.eliteenergiesinc.com

Agreement for Board of Directors

This agreement is made and entered into effective as of April 10, 2011 (the “Effective Date”), by and between Elite Energies, Inc. (“Company”), and Ai Huan Liu, an individual (“Director”).
 
1. Terms
 
This Agreement shall continue from the Effective Date and shall continue thereafter for as long as Director is elected as the Board of Directors ("Director") of Company.
 
2. Director Compensation
 
Our directors will not receive a fee for attending each board of directors meeting or meeting of a committee of the board of directors. All directors will be reimbursed for their reasonable out-of-pocket expenses incurred in connection with attending board of director and committee meetings.
 
3. Date of Agreement. The parties have duly executed this Agreement as of the date written above.
 
 
Elite Energies, Inc.  
  Director:
   
   
   
By:_________________________  _________________________
Name: Spencer Luo Ai Huan Liu
Title:   CEO and President