0001213900-10-002771 Sample Contracts

KEYUAN PETROCHEMICALS, INC. INDEPENDENT DIRECTOR AGREEMENT
Independent Director Agreement • July 7th, 2010 • Keyuan Petrochemicals, Inc. • Industrial organic chemicals • New York

This INDEPENDENT DIRECTOR AGREEMENT (the “Agreement”) is made and entered into as of this 1st day of July, 2010, effective as of date upon D&O Insurance (as defined in Section 14 below) becomes binding (the “Effective Date”), by and between Keyuan Petrochemicals, Inc., a Nevada corporation (the “Company”), and Michael Rosenberg, a citizen of [the United States], with a permanent residence at _______________________ (the “Independent Director”).

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KEYUAN PETROCHEMICALS, INC. DIRECTOR AGREEMENT
Director Agreement • July 7th, 2010 • Keyuan Petrochemicals, Inc. • Industrial organic chemicals • New York

This DIRECTOR AGREEMENT (the “Agreement”) is made and entered into as of this 1st day of July, 2010, effective as of date upon D&O Insurance (as defined in Section 13 below) becomes binding (the “Effective Date”), by and between Keyuan Petrochemicals, Inc., a Nevada corporation (the “Company”), and Xin Yue, a citizen of P.R. China, with a permanent residence at ____________________________________________ (the “Director”).

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