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RENEWAL of Supplementary Agreement Between The Office of Global Affaii Nanjing University of Finance and Beont %. NUFE) is a stered in People’s Republic of China, and is ‘Xinnlin University City, Nanjing, 210023, ~ Party B we The Office of Global ABsirs is an entity within slate University of New York, an education corporat ted, ‘Gucffign Law to provide higher education in the State of al apt at: 116 East 55th Street, SUNY Global Cente rk, NY, 100: A. oon Chinese and Americans, to enhance higgs} Tanguage, culture and current Chinese economy, snd public servants in New York State to study au providing high quality learning resources, to about Chinese economy, and in accordance with N CONFUCIUS INSTITUTE HEADQUARTERS OF CHINA AND THE RESEARCH FOUNDATION OF STATE UNIVERSITY OF ‘NEW YORK ON THE CONTINUATION OF THE CONFUCIUS INSTITUTE FOR BUSINESS AT STATE UNIVERSITY, NUFE and Office of Global Affairs at SUNY, authorized by the Headquarters, agree to jointly continue the work of the Confucius Institute for Business at The State University of New Yorkin New York City following the principle of equality and mutual benefits WS7 Chapter 1 General "QS xO Article 1 Character The Institute shall be a non-profit educati overall supervision and guidance of the Co: tute He China (hereinafter referred to “Headquarters”) Article 2 The title of cooperative institt The title of the cooperative insite Chinese The title of the cooperative is: Cor The State University of Ni be located at The Global Ci ieraren. iciusMigstitute for Business at fe Institute), which is to few York. The title is to be written on the institute board Jetters, or to be used on other relevant occasions of. The oper tute i in Gmge of a Director under the leadership of The Board igitinea with eight members, four of whom are nx pbs ‘The Chairperson of the Board will be a a Deputy Chairperson of the Board will be a member from e dees only be made with two-thirds vote among the board ‘members. The As tor of the Institute is to be nominated by Party B, and vat mtn sume Yon rary ne canes enone ne nttanse nominated by Party A, and shall be a board member from Party A. Both Chinese and American Directors are members of the Board of Directors. 2. Responsibilities of The Board of Directors 1) Formulating and examining’ developing strategies and the for operating the Institute. 2) Formulating and examining development plans for, and course arrangement. 3) Formulating and examining enrolling plans gS teaindes of all varieties. 4) Formulating, examining, and advising a in raising, budget proposal and final financial acc titutefetc. agsgovered in the Hanban Agreement. RS 3. Operating system of the gigi xy 1) Bridging the connecti 1 1¢ Chairperson of the council and the Deputy Deputy Director of the Institui ® 2) Calling for at least one conference IP rePprovide advice on developing strategies and other issues on of the Institute. 3) Reviewing th eport, Brel proposal to Party B, Headquarters, and Party Ab: sf each year, w 4) Consult hhenC@ificulty occurs in the process of operating ny io rer ‘Th istidte’Consists of American and Chinese Directors, who are recommended respgétivélfby NUFE and SUNY, and appointed by the council of directors for an office »f two years. Both American and Chinese Directors should consult with each other about formulating regulations on daily administration of the Institute, 1. Appointment and obligations of American Director 1) Appointment e The American Director is appointed by Party B and should ividual who has made outstanding contributions to Sino-US cultural & operations and administration of academic institutions, 2) Obligations The American Director carries out all the deci Directors, and leads and performs daily responsible for recruiting, selecting and rules of the institute, formulating accordance with workload and revenue American Director should focus ofr ema) co and enterprises to expand Seal i mark communicating with St cS communities, .ndhe,She is responsible for fairs at SUNY, and communicating with the C the Institute, adgqufely about the operation of ® “y Digéctor 2. Appointment an: 1) Appointment SY Chinese Dire 22 stow be professors or associate professors rdigating in managing staff and communicating in Englisi firChinese culture studies. 2) Ob! i Chi and researching affairs. He/She is responsible fo ulieaitbg wit \dquarters, NUFE, China’s Consulate in New York, and ov ‘Chi unities. The Chinese Director assists the American Director to carry decisions and approvals of the Board of Directors, leads and performs daily tasks Of the Institute, And he/she will assist the American Director to recruit, select and train staff, formulate regulations and rules of the institute and develop supplementary compensation program in accordance with workload and revenue as mentioned in the Hanban Agreement. 3) Chinese Director is entitled to visit family members once $? twice every year if necessary. 3, Director’s office . A Director's Office is to be set up, which is to be to assist the directors to carry out all the decisio: Article 5 Cooperating courses ‘The Confucius Institute for Bi Chinese Business Languag: Chinese economy and poli Programs to Nanjing, Jiang! Content of the Institute pro, Chinese and busii hi ‘Management; and Cultural Article 1 ~~ 10 wll Hlude people from a wide range of professions ese business language courses and Chinese ion@lfY" the program will attract working professionals and beacity area who want to pursue the specialized courses ge Weighing; Chinese Culture; Chinese SX Neater Series; Chinese Arts Seminars offered, 2. The Confucius Institute will also market the program to the employees and managers of New York City area business who would benefit from taining on Chinese economies, management, culture and philosophy, finance and commercial trade. 3. Asa secondary target group, Institute programs will be protieted to governmental leaders and academies and academics and others involved wi 4, The Institute will develop study programs for Con! an students to visit Nanjing and New York City m™ QS ‘Article 7 Teaching organizing modes Ss The teaching approach is characterized her workshops and longer term programs. hry organized in the following modes: 1, Chinese Language Classes 2. Chinese Culture and Mans GEy 3. Chinese Business S: Series 4. Chinese Arts S¢ 5. Customized Corpor! development the 5. Assisting to formulate learning program on short-term training organized by the Institute. 6. Fulfilling other responsibilities specified by the Headquarters. 7. Assisting SUNY students and faculties to clear up visa formalities for visiting China. © Article 9 Obligations of Party B 1. As agreed to in the Hanban Agreement, Party B wi Le staff as necessary and offering them salary and rel . ody and allowance to employees employed upon m aries Bh the terms equal to those formally employed by S S 2. Offering office and other premises for thé knstiggte, MAucing costs, utilities fees, and communications eiges are 3. Providing high quality communicatio: “ SPA m ae public facilities vio availabigfo the'epiployees and students eating cum events. pein with local media, to ER 4, Providing at least one classro such as audio-video cl of the Institute; providing aN cg Fans of Both Parties Lone a advisors, including Chairperson of the Board of Direc nese director, and to recommend expatriate working staff and te ifically Party A recommends the following to be listed in the Board of Directors: Dr. SONG Xuefeng, Director of the Board of Directors, President of NUFE Dr. WANG Kai . Vice President of NUFE, Mr. HUANG Neng, Director of International Cooperation and Exchanges Office, Dean of College of International Education, Director of Hoh Kong, Macao and SP rs of the Board of = Article 11 Rights of Party B gy 1. Being entitled to recommend fand wikihg, staff and teachers, dae board of Directors: Strategic Leadership and ivetity of New York (SUNY) eMlg? for Global Aftirs for the State & Programs for the Office of Global ‘Yak (SUNY) dijohal Business of the New York State SBDC N~ ota of teaching materials on Great Wall jded by the Headquarters, and other teaching juarters. Chapter cen, Finance, Taxes and Auditing Management Article 12 Operation The operating funding of the Institute comes from the following five sources: Financial support from Headquarters; Financial support from Office of Global Affairs at, Financial support from Nanjing University of Finance and Economics; and revenue collected (tuition and donations) as identified in the Hanban Agtetment. Article 13 Expense claim and approval All the bills and invoices should be administered in Supplementary Agreement, and in accordance wit of the State University of New York. In additio cosigned by both Director (American) and ng aethey are Qeaning such a of the Institute. both,American and Chinese jetyashort of the previous year submitted to accountants to claim the exper Chinese Director is responsible for events as cultural exchanges, PHF and advertising Approval on launching such, oul os Directors. The Institute i and the budget report of n fe and Nanjing University of ‘Of »f Global Affairs at SUNY id before September 1 and the coming January 15 respectively. Steg) the Instinte is a non-profit educational insttutidiinco! rated from (@g Institute should be used to cover the operation exy iture development and expansion of the Institute, mnfuciy oy ‘5 year. This agreement will be in effect for 5 y visfoRor modification by mutual written agreement to be signed by“6r on both parties. This agreement shall be automatically terminated if the between Headquarters and SUNY Research Foundation is terminated. If there is any matter not covered by this agreement or by the agreement between Headquarters and SUNY Research Foundation, both parties shall make a ‘g00d faith effort to discuss and negotiate a related revision or modification of this agreement. Provided, however, that there is the failure to reach such an agreed revision or modification, such failure shall also be a cal to terminate this ‘Agreement, Chapter 8 Language Vali Article 15 Language validity ‘This Agreement is written in both Chinese and Bi legal binding force. Each party keeps both ‘being signed by President of NUFE and this agreement comes into effect. Article 16 Miscellaneous Tt Other disputes, which are led in accordance with AGREEMENT BETWE! HEADQUARTERS OF CHINA AND THE RESEAI ON @P STATE UNIVERSITY OF NEW YORK ON BUSINESS AT ST! "WAYORK, or should be settled through friendly consulta President Nanjing University of Finance and Economics Date: 2016/0! / State University Date: 30/6 /o1 [eso par 4 30tb