other material
confidence high
sentiment neutral
materiality 0.40
Trend Innovations engages Percy Kwong as Technology Advisor with quarterly stock compensation up to $250K
AVAI BIO, INC.
- Advisor receives $150K/quarter in common stock (85% of 10-day VWAP, floor $0.10/share) for tech advisory services.
- If stock lists on Nasdaq, quarterly fee rises to $250K retroactive to April 15, 2023; term ends May 5, 2024 with possible renewal.
- Shares are unregistered; advisor is an accredited investor and bears own taxes; indemnification and insurance required from company.
- Advisor retains ownership of independent inventions and may continue work for other companies; agreement terminates for convenience.