no date for R/S, but Fred should be releasing a PR within 2 weeks to confirm #1 & #2
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Exhibit B
DETAILS OF TARGET BONUS
Bonus Milestones - paid as achieved, total 100% of annual base Salary per Year
For 2018:
1. By the end of Q2-2018 enter into a definitive agreement for a strategic transaction, alliance or partnership (with or without the Reducer), either to increase revenue or to improve the ability of the Company to attract new financing or to restructure its current financing. (35%)
2. Achieve total Tiara-II enrollment of 40 patients (currently at 12) by end of Q2-18 (15%)
3. Total Tiara-II enrollment of 75 patients by end of 2018 (15%
4. Complete financing or strategic transaction, or confirm exercise of warrants from most recent financing before end of 2018 in order to provide capital for company operations for 2019
For 2019:
1. Complete full enrollment of Tiara-2 by end of Q2-2019 (30%)
2. Obtain CE mark for Tiara (70%, if by end of 2019)
Note: If CE mark for Tiara is not received by the end of 2019, but is on track to be received by the end of Q2, 2020 this will be reduced to 50%