Avalon GloboCare Corp (ALBT)

[Quintessence]

8-K just out. New Directors on the board.

On April 5, 2019, Yue “Charles” Li and Meng Li were appointed to the Board of Directors of Avalon GloboCare Corp. (the “Company”) to serve as directors of the Company. Both Mr. Li and Ms. Li entered into agreements pursuant to which they will serve as a director of the Company. The director agreement provides that both will receive options to receive 40,000 shares of common stock per year at an exercise price equal to the closing price on December 31st of the prior year vesting quarterly. The options shall vest in equal amounts quarterly and shall be exercisable for a period of five years. For 2019, the Company granted both directors options to acquire 30,000 shares of common stock at an exercise price of $4.76 for a term of five years.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=13349557-1127-9028&type=sect&TabIndex=2&companyid=958312&ppu=%252fdefault.aspx%253fcik%253d1630212