Independent Non-Executive Director Appointment Letter – HEYU Leisure Holidays Corporation and Shanmuga Ratnam
HEYU Leisure Holidays Corporation appoints Shanmuga Ratnam as an Independent Non-Executive Director and member of its Finance, Audit, and Risk Management Committee. The appointment can be ended by either party with 90 days’ written notice and is subject to re-election at the company’s Annual General Meeting. Mr. Ratnam will receive a fee based on board meeting attendance and reimbursement for reasonable expenses. He must comply with the company’s Code of Conduct and confidentiality obligations, and the company may terminate the appointment per its Articles of Association.
Exhibit 10.11
HEYU LEISURE HOLIDAYS CORPORATION, UNITED STATES (CIK#:0001586573)
和 宇 休 闲 假 期 企 业 ( 上市代码 : 0001586573 )
Co-ordinating Address(U.S.): Westwood Business Centre 611 South Main Street, Grapevine, TX76051.
协调办公室地址 ( 美国 ) : 美国德克萨斯州格雷普韦恩南大街 611 号韦斯特伍德商务中心 邮编 : 76051
Operating Office Address (China): 13D Alishan Plaza, Block No 2, Lvling Road, Siming District, Xiamen City, Fujian Province 36100, China.
经营办公地址 ( 中国 ) : 中国厦门市思明区吕岭路 2 号阿里山大厦 13D。 邮编 : 361000
Office Address (Hong Kong): 17/F, Wheelock House, 20 Pedder Street, Central, Hong Kong
办公地址 ( 香港 ) : 香港中环毕打街 20 号会德丰大厦 17 楼
| Tel : +1 ###-###-#### +1 ###-###-#### +(86) 592 ###-###-#### | Fax : +(86) 592 ###-###-#### | Web : www.heyulh.com |
| 电话: +1 ###-###-#### +1 ###-###-#### +(86) 592 ###-###-#### | 传真: +(86) 592 ###-###-#### | 网址: www.heyulh.com |
Attention to: Mr. Shanmuga Ratnam
Dear Mr. Shanmuga Ratnam,
Re: Appoint as Independent Non-Executive Director and Member of Finance, Audit and Risk Management Committee of the HEYU LEISURE HOLIDAYS CORPORATION
On behalf of the Company I write to confirm your appointment as a non-executive director of the Company on the following terms:
| 1. | Your appointment, subject to re-election when appropriate by the Annual General Meeting of the Company shall be terminable by either you or the Company upon 90 days written notice. |
| 2. | The fee payable for your services will be based on board meeting allowance. |
| 3. | As an Independent Non-Executive Director, you will perform the duties normally attendant to that office, including (without limitation) attending board meetings, which are normally held twice a year. |
| 4. | You will also be entitled to reasonable out-of-pocket expenses incurred in carrying out your duties. |
| 5. | During the period of your appointment, you will comply with the Code of Conduct which incorporates the Stock Exchange Model Code for Securities Transactions by Directors. |
| 6. | Notwithstanding the other provisions of this letter, the Company shall be entitled to terminate your appointment in accordance with the provisions of the Articles of Association of the Company. |
| 7. | Both during the term of your appointment and after its termination, you will observe the obligations of confidentially which are attendant on the office of director. |
Please confirm your agreement to the above by signing and returning to me the duplicate of this letter.
Yours sincerely
Ang Ban Siong
HEYU Group Managing Director
| I confirm and agree to the above
| |
| Shanmuga Ratnam |
| LISTS OF HEYU GROUP OF COMPANIES: | ||
| HEYU LEISURE HOLIDAYS CORPORATION, UNITED STATES HEYU DEVELOPMENT INVESTMENT CO.,LIMITED, HONG KONG | HEYU DEVELOPMENT & MANAGEMENT CORPORATION, UNITED STATES HEYU BIOLOGICAL TECHNOLOGY LIMITED, HONG KONG | HEYU CAPITAL LIMITED, HONG KONG HEYU AGRICULTURAL TECNOLOGY LIMITED, HONG KONG |
| HEYU ACADEMIC AND CULTURE DEVELOPMENT LIMITED, HONG KONG | HEYU FINANCE PAY COMPANY LIMITED, HONG KONG | XIAMEN HEYU TRADING COMPANY LIMITED, CHINA |
| XIAMEN HEYU HOTEL MANAGEMENT COMPANY LIMITED, CHINA | XIAMEN HEYU PROPERTY MANAGEMENT CONSULTING CO., LTD.( CHINA) | XIAMEN HEYU BIOTECHNOLOGY COMPANY LIMITED, CHINA |
| HEYU DEVELOPMENT SDN. BHD., MALAYSIA |
