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Posted On: 08/17/2017 9:28:41 AM
Post# of 30066
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APPOINTMENT OF DR TANG PEIHONG AS EXECUTIVE DIRECTOR OF GLOBAL BIOMEDICAL INC. (USA)
Pursuant to the terms of the service agreement entered into between GBMI and Dr Tang (the “Service Agreement”), Dr Tang has agreed not to receive a monthly or annual salary for a term of three (3) years. Instead, Dr Tang shall receive an allotment and issuance of shares in GBMI in two (2) tranches: (i) shares representing 10% of the share capital of GBMI as at the date of the Service Agreement, within one (1) month from the signing of the Service Agreement; and (ii) subject to GBMI having achieved an aggregate of US$100,000,000 in gross revenue within three (3) years from Dr Tang’s appointment, a second tranche of shares representing 10% of the share capital of GBMI on an enlarged basis (following the allotment and issuance of shares in GBMI in accordance with (i) above) upon Dr Tang completing three (3) years of continuous service with GBMI.
http://infopub.sgx.com/FileOpen/SeD-Ann-DrTan...eID=467499
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APPOINTMENT OF DR TANG PEIHONG AS EXECUTIVE DIRECTOR OF GLOBAL BIOMEDICAL INC. (USA)
Pursuant to the terms of the service agreement entered into between GBMI and Dr Tang (the “Service Agreement”), Dr Tang has agreed not to receive a monthly or annual salary for a term of three (3) years. Instead, Dr Tang shall receive an allotment and issuance of shares in GBMI in two (2) tranches: (i) shares representing 10% of the share capital of GBMI as at the date of the Service Agreement, within one (1) month from the signing of the Service Agreement; and (ii) subject to GBMI having achieved an aggregate of US$100,000,000 in gross revenue within three (3) years from Dr Tang’s appointment, a second tranche of shares representing 10% of the share capital of GBMI on an enlarged basis (following the allotment and issuance of shares in GBMI in accordance with (i) above) upon Dr Tang completing three (3) years of continuous service with GBMI.
http://infopub.sgx.com/FileOpen/SeD-Ann-DrTan...eID=467499
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