other material
confidence high
sentiment neutral
materiality 0.20
PMGC Holdings amends secondment and consulting agreements with related parties GB Capital and Northstrive
PMGC Holdings Inc.
- Amends secondment pacts with GB Capital (CEO Graydon Bensler) and Northstrive (Chairman Braeden Lichti); fee set at 30% of employment costs.
- Adds expense reimbursement for company cars, office space, mobile phones, and hiring costs for seconded staff.
- Consulting agreements revised: clarifies non-employee, non-director status; renames 'severance' to 'termination payment' without changing obligations.
- CEO consulting agreement adds $8,000 monthly housing reimbursement for Newport Beach services.
- Board must approve any additions of seconded employees beyond those listed in new Exhibit A.