Common use of Duties and Responsibilities of each Party Clause in Contracts

Duties and Responsibilities of each Party. 3.1. The Member of Board of Directors has the right: 3.1.1. Timely receive compensation for carrying out duties as the Member of Board of Directors of the Company based on the amount, order and schedule established by the Company. 3.1.2. To demand from the Company officials all and any information (documents and materials) related to the performance of Director’s duties. 3.1.3. To review Minutes from the meetings of Board of Directors and other departments of the Company and to receive their copies. 3.1.4. To demand meetings of Board of Directors, to discuss issues in the agenda of meetings of Board of Directors. 3.1.5. To demand incorporating in the Minutes of the meeting of Board of Directors his/her special opinion concerning the agenda related to making the decisions. 3.1.6. To resign of a member of Board of Directors of the Company by notifying the Company in writing. 3.1.7. To have other rights stipulated by laws of BVI, the Memorandum and Articles of Incorporation of the Company and Bi-laws of the Board of Directors, other internal documents of the Company.