other
confidence medium
sentiment neutral
materiality 0.15
PMGC enters secondment agreement with Northstrive for employee services
PMGC Holdings Inc.
- Northstrive will second employees to PMGC; employees remain Northstrive staff, not PMGC employees.
- PMGC reimburses Northstrive monthly at an agreed hourly rate times actual hours worked.
- PMGC may terminate any employee secondment with 15 days' notice; either party may end the agreement with 90 days' notice.
- Agreement includes standard confidentiality (5 years), indemnification, and $20K liability cap.
- Exhibit A listing specific employees, hours, and rates was left blank in the filing.