Document:

eesc8k20100803ex10a.htm

EASTERN ENVIRONMENT SOLUTIONS, CORP.

INDEPENDENT DIRECTOR’S CONTRACT

THIS AGREEMENT (this “Agreement”) is made as of the 3rd day of August, 2010 and is by and between Eastern Environment Solutions, Corp., a Nevada corporation (hereinafter referred to as the “Company”) and Shiping Wang (hereinafter referred to as the “Director”).

Preliminary Statement

 

The Board of Directors of the Company desires to appoint the Director to fill an existing vacancy and to have the Director perform the duties of an independent director and the Director desires to be so appointed for such position and to perform the duties required of such position in accordance with the terms and conditions of this Agreement.

            NOW, THEREFORE, in consideration of the mutual promises and agreements set forth below, the Company and the Director hereby agree as follows:

1.  Appointment .  The Board of Directors of the Company has appointed the Director, and the Director has agreed to accept his appointment, to serve as a member of the Board of Directors of the Company, effective as of the date of this agreement.   The Company requires that the Director be available to perform the duties of an independent director customarily related to this function as may be determined and assigned by the Board of Directors of the Company and as may be required by the Company’s constituent instruments, including its articles of incorporation, bylaws and its corporate governance and board committee charters, each as amended or modified from time to time, and by applicable law, including the Nevada General Corporation Law.  The Director agrees to devote as much time as is necessary to perform the duties of a director of the Company, including duties as a member of such committees as the Director may be appointed to.

2. Compensation . For the duties and services to be performed by him under this agreement, the Company will pay to the Director, and the Director agrees to accept, the compensation described below in this Section 2.

  

  

  

a. Directors’ Fees.  The Company will pay the Director a director's fee of $20,000 per annum, payable in equal quarterly installments. This fee represents a retainer for services rendered as a member of its Board of Directors, and is in addition to any fees to which the Director may be entitled under guidelines and rules established by the Company from time to time for compensating non-employee directors for serving on, and attending meetings of, committees of its Board of Directors and the board of directors of its subsidiaries.

 

3. Expenses . The Company will reimburse the Director for reasonable expenses incurred by him in furtherance of his performance of duties hereunder, provided that such expenses are substantiated in accordance with the Company’s policies applicable to members of its Board of Directors.

4. Fringe and Medical Benefits . The Director may participate in any of the Company's medical, dental and other benefit programs as are available to non-employee members of its Board.

5. Term and Termination .

a. General. The term of this Agreement will commence as of the date the Board of Directors appoints the Director a director of the Company and shall continue until the Director’s removal or resignation.  The Company has no obligation to cause the nomination or recommend the election of the Director to the Board for any period of time in the future. Upon the termination of the Director's tenure as a member of the Board, the Company will promptly pay to the Director, or to his estate if his service is terminated upon his death, all fees accrued for services rendered as a member of the Board and committees thereof and expense reimbursements due as of the date of termination.

b. Termination .  With or without cause, the Company and the Director may each terminate this Agreement at any time upon ten (10) days written notice, and the Company shall be obligated to pay to the Director the compensation and expenses due up to the date of the termination. Nothing contained herein or omitted herefrom shall prevent the shareholders of the Company from removing the Director with immediate effect at any time for any reason.

  

  

  

6. Indemnification . The Company shall indemnify, defend and hold harmless the Director, to the full extent allowed by the law of the State of Nevada, and as provided by, or granted pursuant to, any charter provision, bylaw provision, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in the Director’s official capacity and as to action in another capacity while holding such office.  

7. Non-Exclusive . Nothing in this agreement will prevent the Director (1) from serving as an employee, officer or director of any other company, provided that such performance is consistent with the Director's duty of loyalty to the Company, (2) from serving on voluntary, community service committees and boards, and (3) from owning shares representing less than 1% of the outstanding equity securities of a company that is a competitor of the Company.  The Director will comply with and be bound by the Company's policies, procedures and practices applicable to members of its Board of Directors from time to time in effect during the term of this agreement.                                    

8. Confidentiality .  The Company and the Director each acknowledge that, in order for the intents and purposes of this Agreement to be accomplished, the Director shall necessarily be obtaining access to certain confidential information concerning the Company and its affairs, including, but not limited to business methods, information systems, financial data and strategic plans which are unique assets of the Company (“Confidential Information”).  The Director covenants not to, either directly or indirectly, in any manner, utilize or disclose to any person, firm, corporation, association or other entity any Confidential Information.

 

9. Governing Law; Mediation & Arbitration . This agreement will be governed by, and construed in accordance with the laws of the State of New York, without regard to choice-of-law principles, as if made and to be performed solely in New York.

 

The parties, by signing below, agree to the terms and conditions set forth in this agreement.

 

	
 

 

 

COMPANY:

 

EASTERN ENVIRONMENT SOLUTIONS, CORP.

 

By: /s/ Feng Yan

 

Name: Feng Yan

Title: Chief Executive Officer

	 	
 

 

 

DIRECTOR:

 

 

 

/s/ Wang ShipingExhibit 10.2

 

August 5, 2010

 

Behringer Advisors, LLC

15601 Dallas Parkway, Suite 600

Addison, Texas 
75001

 

Re:          Third Quarter 2010
Asset Management Fees

 

Ladies and Gentlemen:

 

Reference is made to that certain Fifth Amended
and Restated Advisory Agreement, dated as of December 29, 2006, as amended
(the “Advisory Agreement”), by and between Behringer Harvard REIT I, Inc.,
a Maryland corporation (the “Company”), and Behringer Advisors, LLC, a
Texas limited liability company (the “Advisor”).  Capitalized terms used herein but not defined
herein shall have the meanings set forth in the Advisory Agreement.

 

In consideration of the mutual agreements and
covenants contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Company and the
Advisor hereby agree as follows:

 

1.             Third Quarter
2010 Asset Management Fees.  Notwithstanding anything to the contrary
contained in the Advisory Agreement, the Advisor, on behalf of itself and its
Affiliates, and its and their respective successors and assigns, hereby sets
the Company’s obligation to pay the Asset Management Fee to the Advisor at
$5,000,000 for the third quarter of 2010. 
In doing so, the Advisor waives the Company’s obligation to pay approximately
$2.3 million in additional asset management fees that would otherwise become
due and payable during the quarter (based on assets held as of January 1,
2010).

 

2.             Ratification;
Effect on Advisory Agreement.

 

(a)           Ratification.  The Advisory Agreement, as
amended by this letter agreement, shall remain in full force and effect and is
hereby ratified and confirmed in all respects.

 

(b)           Effect on the Advisory
Agreement.  On and after the date hereof, each reference
in the Advisory Agreement to “this Agreement,” “herein,” “hereof,” “hereunder,”
or words of similar import shall mean and be a reference to the Advisory
Agreement as amended hereby.

 

 

 

3.             Miscellaneous.

 

(a)           Governing Law; Venue.  This letter agreement and the
legal relations between the parties hereto shall be construed and interpreted
in accordance with the internal laws of the State of Texas without giving
effect to its conflicts of law principles, and venue for any action brought
with respect to any claims arising out of this letter agreement shall be
brought exclusively in Dallas County, Texas.

 

(b)           Modification.  This letter agreement shall not
be changed, modified, or amended, in whole or in part, except by an instrument
in writing signed by both parties hereto, or their respective successors or
assignees.

 

(c)           Headings.  The titles and headings of the
sections and subsections contained in this letter agreement are for convenience
only, and they neither form a part of this letter agreement nor are they to be
used in the construction or interpretation hereof.

 

(d)           Severability.  The provisions of this letter
agreement are independent of and severable from each other, and no provision
shall be affected or rendered invalid or unenforceable by virtue of the fact
that for any reason any other or others of them may be invalid or unenforceable
in whole or in part.

 

(e)           Counterparts.  This letter agreement may be
executed in multiple counterparts, each of which shall be deemed to be an
original as against any party whose signature appears thereon, and all of which
shall together constitute one and the same instrument.  This letter agreement shall become binding
when one or more counterparts hereof, individually or taken together, shall
bear the signatures of all of the parties reflected hereon as the
signatories.  This letter agreement, to
the extent signed and delivered by means of electronic mail or a facsimile
machine, shall be treated in all manner and respects as an original agreement
or instrument and shall be considered to have the same binding legal effect as
if it were an original signed version thereof delivered in person.  No party hereto shall raise the use of
electronic mail or a facsimile machine to deliver a signature or the fact that
any signature was transmitted or communicated through the use of electronic
mail or a facsimile machine as a defense to the formation or enforceability of
a contract and each party hereto forever waives any such defense.

 

[The remainder of this page intentionally
blank]

 

 

If the foregoing meets with your approval,
please indicate your acceptance of this letter agreement by countersigning a
copy of this letter agreement in the space indicated below.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  BEHRINGER HARVARD REIT I, INC.

  
	
   

  
	
   

  	
  By:

  	
  /s/ Robert S. Aisner

  
	
   

  	
  Name:

  	
  Robert S. Aisner

  
	
   

  	
  Its:

  	
  Chief Executive Officer and President

  
				

 

 

Acknowledged and agreed, as of

the date first written above:

 

	
  BEHRINGER ADVISORS,
  LLC

  
	
   

  
	
  By:

  	
  Harvard
  Property Trust, LLC,

  	
   

  
	
   

  	
  its
  Manager

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Gerald J. Reihsen, III

  	
   

  
	
   

  	
   

  	
  Gerald
  J. Reihsen, III

  	
   

  
	
   

  	
   

  	
  Executive
  Vice President —

  	
   

  
	
   

  	
   

  	
  Corporate
  Development & Legal

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