Form of Independent Director Agreement Between the Registrant and Its Independent Directors
Ray Maple Inc.
Date: [●]
Dear [●]
1. Appointment as INDEPENDENT DIRECTOR (ID) of Ray Maple Inc.
We are pleased to confirm that shareholders of Ray Maple Inc. (“Company”) has resolved that you be appointed as an Independent Director of the Board of Directors of the Company (the “Board”) and your appointment shall take effect upon the effectiveness of the Registration Statement on Form F-1, filed by the Company with the Securities and Exchange Commission, in connection with the Company’s anticipated initial public offering. The purpose of this letter (“Letter”) is to confirm the terms of your appointment should you be willing to accept. Please sign and return the attached copy in acknowledgement.
2. Term of Appointment
Your appointment shall be made pursuant to the Company’s Memorandum and Articles of Association as amended and restated (“M&AA”) and shall be subject at all times to the Companies Act (2023 Revision) of the Cayman Islands, as amended, supplemented or modified from time to time (the “Companies Act”) and the M&AA. Your appointment is initially for the period expiring at the next annual general meeting, at which time the shareholders will consider you for re-election. Upon your re-election, the terms and provisions of this Letter shall remain in full force and effect.
From time to time, you may also be appointed to be a member of various board committees of the Company (“Board Committees”), including the audit committee, compensation committee and/or nominating and corporate governance committee.
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