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Subaye, Inc (SBAY)

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Last Post: 5/12/2020 6:25:47 PM - Followers: 33 - Board type: Free - Posts Today: 0





Form 8-K for SUBAYE, INC.


Entry into a Material Definitive Agreement, Change in Directors or Principal Officer

Item 1.01. Entry into a Material Definitive Agreement.

The information contained in Item 5.02 of this Current Report on Form 8-K is incorporated into this Item 1.01 by reference.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 1, 2011, the Board of Directors (the "Board") of Subaye, Inc. (the "Company") appointed Alexander Holtermann, the Company's current Chief Executive Officer and a member of the Board, to serve as the Company's President, effective as of June 1, 2011. There are no arrangements or understandings between Mr. Holtermann and any other person pursuant to which he was selected to serve as the Company's President. Biographical and other information regarding Mr. Holtermann can be found in the Company's Current Report on Form 8-K, which was filed with the United States Securities and Exchange Commission on May 17, 2011.

In connection with Mr. Holtermann's appointments as the Company's Chief Executive Officer and President, Mr. Holtermann and the Company entered into an employment agreement, effective May 12, 2011, pursuant to which Mr. Holtermann will be paid an annual salary of US$80,000. Mr. Holtermann will also receive a sign-on bonus of 150,000 shares of the Company's common stock, par value $0.001 (the "Common Stock"), and will receive a minimum annual bonus of 100,000 shares of Common Stock. A copy of Mr. Holtermann's employment contract is attached hereto as Exhibit 10.1.

On June 1, 2011, the Board also appointed Jacqueline Ng, age 30, to serve as the Company's Chief Financial Officer and Secretary, as well as a member of the Board, effective June 1, 2011.

Ms. Ng has worked as a company accountant in Australia, Hong Kong and China. Based in China and Hong Kong since 2006, Ms. Ng has provided investment analysis, GAAP advisory services and consultancy to China-based public companies and government. Since 2007, Ms. Ng has worked as an investment analysis consultant to Hui Land Group, a partnership of a private Chinese company and a top-tier Hong Kong listed public company. Ms. Ng has also acted as Assistant to the Chairman for the China Council for the Promotion of International Trade and the China Chamber of International Commerce since 2010, and served as a director for Empire Stores Pty Ltd., an Australian company, from 2001 to 2010. Her expertise includes financial management and strategy, corporate governance, and public and investor relations. Ms. Ng is fluent in both English and Chinese and has specialized in implementing cohesive corporate management strategies for east-west partnerships.

In connection with Ms. Ng's appointments, Ms. Ng and the Company entered into an employment agreement, dated May __, 2011, pursuant to which Ms. Ng will be paid an annual salary of US$60,000. Ms. Ng will also receive a sign-on bonus of 150,000 shares of the Company's Common Stock, and will receive a minimum annual bonus of 100,000 shares of Common Stock. A copy of Ms. Ng's employment agreement is attached hereto as Exhibit 10.2.

There are no family relationships between Ms. Ng and any director, executive officer or director or executive officer nominee of the Company. There has been no transaction since the beginning of the Company's last fiscal year, or any currently proposed transaction, in which Ms. Ng and the Company were or are to be a participant and the amount involved exceeds $120,000.





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#1675   https://www.linkedin.com/in/alan-lun-659b6522 GREEN MAKER 05/12/20 06:25:47 PM
#1674   https://www.google.com/url?sa=t&source=web&rct=j&url=http://content.stockpr.com/ GREEN MAKER 05/12/20 04:23:33 PM
#1673   Crazy spread jchords 05/12/20 11:12:58 AM
#1672   SBAY is up by 100% kranthikumar 12/12/13 10:04:46 AM
#1671   Up 410% so far! 0.005 x 0.05 now. Value_Investor 09/18/13 11:14:42 AM
#1670   Up 82% now! 40K-0.002 x 10K-0.01 now. Easy Value_Investor 09/17/13 03:52:59 PM
#1669   Why join the lawsuit? Could the shareholders get Value_Investor 09/12/13 03:51:20 PM
#1668   Class Litigation - any join? me_assassin 09/03/13 09:18:54 PM
#1667   0.001 x 0.01 now. Value_Investor 07/29/13 09:58:33 PM
#1666   Up 25% so far for a soon-be-canceled stock? Value_Investor 07/08/13 10:59:15 AM
#1665   Will this scam be canceled very soon since Value_Investor 07/03/13 02:36:42 PM
#1664   Large amount of shares dumped at 0.0001 ~ Value_Investor 05/28/13 11:54:01 AM
#1663   SBAY: SEC Charges China-based Company and Former Chief Renee 05/09/13 09:07:05 AM
#1662   Bidding .0012 On This POS.... PPS 02/14/13 02:38:25 PM
#1661   SBAY .0095 57kvs2k_vol10dayavg strong move last 100 days http://www.profi SuperC 11/04/12 08:57:57 AM
#1660   I'm not so sure, its definitely worth watching, sweetonsubaye 09/07/11 03:55:37 PM
#1659   lol I would definitely short the Chinese legal system throwerw 09/07/11 04:45:58 AM
#1658   ----FOLKS, WAKE UP---- sweetonsubaye 09/05/11 12:16:45 AM
#1657   Ibox updated with link to NEW and OFFICIAL sweetonsubaye 07/16/11 11:13:11 AM
#1656   Subaye, Inc. (PK: SBAY): Update to ShareholdersHong Kong, sweetonsubaye 07/16/11 11:09:39 AM
#1655   im looking at abat too, they were falsely sweetonsubaye 07/12/11 02:51:23 PM
#1654   SBAY, let's go...give us some faith in you, sahd3g 07/11/11 07:43:36 AM
#1653   good point, and the short answer is that sweetonsubaye 07/09/11 06:42:30 PM
#1652   you should talk to the old cfo and bradford86 07/09/11 06:38:20 PM
#1651   if it was real, why would things have sweetonsubaye 07/09/11 06:29:12 PM
#1650   lol, they did sell stock into the market.. bradford86 07/09/11 04:21:54 PM
#1649   35% paper gain in one day so far...if sahd3g 07/07/11 01:45:53 PM
#1648   i have the same hopes but am not sweetonsubaye 07/07/11 10:17:52 AM
#1647   I've made lots of lame trades over the sahd3g 07/06/11 09:57:03 PM
#1646   thanks for your optimistic sentiment, no doubt the sweetonsubaye 07/06/11 07:10:42 PM
#1645   .45 ask already...thin ask up to about a sahd3g 07/06/11 11:28:58 AM
#1644   Fraud? I don't know. But, when I sold sahd3g 07/06/11 10:52:33 AM
#1643   bradford, if its a fraud, they why is sweetonsubaye 07/06/11 02:04:24 AM
#1642   lol, get back in the game? did you bradford86 07/05/11 10:04:39 PM
#1641   check out the clustr map at the bottom sweetonsubaye 07/05/11 07:09:44 PM
#1640   check out the backword wheelchair ride and you sweetonsubaye 07/05/11 01:36:49 AM
#1639   china is here sweetonsubaye 07/05/11 01:31:17 AM
#1638   double goes 4 u boc!, check out the sweetonsubaye 07/05/11 01:29:39 AM
#1637   its time to get back in the game, sweetonsubaye 07/05/11 01:27:20 AM
#1636   Check out CTYX-- low volume, low float, and conix 06/30/11 02:11:17 PM
#1635   oncruz, that is now true more than ever, sweetonsubaye 06/30/11 01:24:49 PM
#1634   lol, yahoo needs to post here more, i sweetonsubaye 06/30/11 01:23:11 PM
#1633   bowser, its time to start posting here, looks sweetonsubaye 06/30/11 01:20:47 PM
#1632   but they haven't--not yet anyway, bargan prices if sweetonsubaye 06/30/11 01:18:04 PM
#1631   hope you didn't buy under 3, but today sweetonsubaye 06/30/11 01:16:25 PM
#1630   the panic is over and the stock is sweetonsubaye 06/30/11 01:14:41 PM
#1629   i may be running our of posts, have sweetonsubaye 06/30/11 01:13:26 PM
#1628   yup and ive been born recently as well, sweetonsubaye 06/30/11 01:10:45 PM
#1627   and we've all be burned, maybe you stopped sweetonsubaye 06/30/11 01:09:16 PM
#1626   now its half unity, never the less, check sweetonsubaye 06/30/11 01:07:42 PM
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