INDEPENDENT DIRECTOR
AGREEMENT
THIS INDEPENDENT DIRECTOR AGREEMENT
is made effective as of April 6,
2009 (“ Agreement ”) between AMERICAN
NANO SILICON TECHNOLOGIES, INC. ,
a California corporation (“ Company
”), and Liu Dechun (“
Director ”).
WHEREAS , it is essential to the Company to attract and
retain as directors the most capable persons available
to serve on the board of directors of the Company (the “
Board ”); and
WHEREAS , the Company believes that Director possesses
the necessary qualifications and abilities to serve as a director
of the Company and to perform the functions and meet the
Company’s needs related to its Board.
NOW, THEREFORE , the parties agree as follows:
1. Service as
Director . Director
will serve as a director of the Company and perform all duties as a
director of the Company, including without limitation
(1) attending meetings of the Board, (2) attending
meetings of each Committee of which Director is a member,
(3) using reasonable efforts to promote the business of the
Company. The Company currently intends to meet on the first
Wednesday of each quarter except January, together with additional
meetings of the Board and Committees as may be required by the
business and affairs of the Company.
2. Compensation and
Expenses .
(a) Retainer
. The Company will pay to Director an
annual retainer (the “ Retainer ”) of
$5,000 cash. The Board reserves the right to increase the Retainer
from time to time, but may not reduce the Retainer below the
amounts stated above. If Director’s service on the Board or
any Committee does not begin or end at the beginning of a calendar
year, the Retainer for that year will be prorated on a per diem
basis as appropriate to reflect the portion of the year during
which
