On this basis, the implied “value” being received by each Related Party is $0.30 per
Option. The implied “value” being received by each Related Party for the Options is as
follows:
Related Party Value
Dr Vagif Soultanov $1,800,000
Mr Denis Kilroy $1,200,000
The Related Parties who are Directors make the following additional disclosure.
page 9
need more than the quarterly, page-9
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