Ann: Quantify Technology to Target China Smart Cities, page-5

Alan Boyd added, “I’ve been very impressed with the work Mark and his team have done. They’ve come up with an elegant solution for one of the most difficult problems of the IoT. This fits very well with where the industry is heading not only in China but around the world. It ticks a box that’s been conspicuously unticked for too long. Technology design at its best.” For further comment from Alan Boyd click here: http://info.quantifytechnology.com/quantify_targets_china Quantify’s effort to expand into China is already paying off. The Company’s Chairman, Aidan Montague, has been invited to meet with the Chinese Government official in charge of the Linyi National High-Tech Industrial Development Zone to discuss the use of the Q Device in smart buildings in the zone. The Linyi National High-Tech Industrial Development Zone is a national economic and technology development area in China’s Shandong province. In consideration of Mr Boyd’s appointment, the Company has issued a total of 2 million Options (see attached Appendix 3B) with an exercise price of $0.10 each expiring on or before 4 April 2020 under the Company’s Employee Option Plan. Quantify may further compensate Mr Boyd for facilitation in securing contracts for large scale distribution or partnership agreements in China and additional work related to the Chinese Smart City program.