INDEPENDENT DIRECTOR
AGREEMENT
独立董事
协议
This
INDEPENDENT DIRECTOR AGREEMENT ("AGREEMENT") is made and entered
into as of this first day of July, 2008 ("EFFECTIVE DATE"), by and
between China Natural Gas, Inc., a Delaware corporation and a US
public company("COMPANY"),.Mr. Carl Yeung, a resident of , with a
permanent residence at _ 8th Floor, Tower E 6 Gongyuan West Street,
Jian Guo Men NeiBeijing, 100005 China
此独立董事
协议于
2008 年
7 月
1 日在中国天然气有限公司（
“ 公司
” ）与
（
“ 独立董事
” ）之
间签署生效
。
WHEREAS,
the Company desires to engage the Independent Director, and the
Independent Director desires to serve, as a non-employee director
of the Company, subject to the terms and conditions contained in
this Agreement;
根据此
协议，公司愿意雇
佣独立董事，并且独立董事愿意作
为公司的非员工董事为公司服务，此雇佣关系受到此协议的约束。
NOW,
THEREFORE, in consideration of the mutual promises and covenants
contained herein, the receipt of which is hereby acknowledged, the
Company and Independent Director, intending to be legally bound,
hereby agree as follows:
公司与独立董事愿意接受以下条款的
约束：
1.
SERVICES OF INDEPENDENT DIRECTOR.
While this Agreement is in effect, Independent
Director shall perform duties as an independent director
and chairman of audit committee of the Company, and will
be compensated for such and reimbursed expenses in accordance with
Schedule A attached hereto, subject to the following.
此
协议有效期内，独立董事将作为公司的独立审计委员会主席，并根据此协议附件中的
A 项接受薪资与费用返还，同时受到以下限制：
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Company’s
audit committee is responsible for, among other things:
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• appointing the independent
auditor;
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• pre-approving all auditing
and non-auditing services permitted to be performed by the
independent auditor;
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预先批准由独立审计师履行所许可的所有审计和非审计服务；
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• annually reviewing the
independent auditor’s report describing the auditing
firm’s internal quality-control procedures, any material
issues raised by the most recent internal quality-control review,
or peer review, of the independent auditor and all relationships
between the independent auditor and our company;
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每年审核独立审计师的报告，此报告说明了审计公司的内部控制程序，任何由独立审计师近期内部控制审核或同等审核所提出重要问题，以及独立审计师和公司之间的关系；
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• reviewing with the
independent auditor any audit problems or difficulties and
management’s responses;
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与独立
审计师一同审核任何审计问题或难题以及管理层的回复
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• reviewing and discussing the
annual audited financial statements with management and the
independent auditor;
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与管理
层和独立审计师一同审核并讨论年度审计的财务报表；
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• reviewing and discussing with
management and the independent auditor major issues regarding
accounting principles and financial statement
presentations;
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与管理
层和独立审计师共同审核并讨论关于会计原则和财务报表陈述的主要问题；
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• reviewing reports prepared by
management or the independent auditor relating to significant
financial reporting issues and judgments;
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审核由管理层或独立审计师关于重大财务报告问题和判定而准备的报告；
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• discussing earnings press
releases with management, as well as financial information and
earnings guidance provided to analysts and rating
agencies;
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与管理
层讨论收益新闻稿，以及提供给分析师和评级机构的财务信息和收益指导；
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• reviewing with management and
the independent auditor the effect of regulatory and accounting
initiatives, as well as off-balance sheet structures,
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