Ann: Trading Halt, page-27

G Medical distribution agreement for Smartphone Cover in China
• Key terms have been agreed with the Company’s Chinese partner SilverLake, for the distribution of the Company’s consumer product, the G Medical Smartphone Cover, in China.
• The agreed terms include a minimum purchase of 4.05 million units by SilverLake over five years.
• The minimum purchase volume is an increase of around 20% on the offtake volumes pursuant to the initial

February 2017 Distribution and Co-operation agreement between the parties.
Mobile health and e-health company G Medical Innovations Holdings Ltd (“G Medical” or the “Company”) is pleased to announce it has agreed the primary terms pursuant to its distribution and co-operation agreement (“Agreement”) with its Chinese distribution partner, Beijing SilverLake Investment Co., Ltd (“SilverLake”). The Agreement is for the distribution of the G Medical Smartphone cover in the People’s Republic of China.

On 22 February 2017, G Medical entered into the Agreement with SilverLake to establish the key terms and conditions for a contemplated distribution agreement for the Company’s products in the People’s Republic of China. Pursuant to the terms of the Agreement, SilverLake agreed to purchase a minimum quantity of the G Medical Smartphone Cover and associated services over a 5 year period.

The minimum quantities of Smartphone Covers to be purchased by SilverLake have now been agreed and represent an increase of around 20% on the initial indications in the Agreement. The agreed minimum quantities include:
Year Minimum Purchase Quantity
Year 1 100,000 units
Year 2 250,000 units
Year 3 1,000,000 units
Year 4 1,350,000 units
Year 5 1,350,000 units

Total 4,050,000 units

The Agreement will commence following the completion of a product trial, in which SilverLake will purchase an additional 5,000 units for the purposes of the trial. The trial will start no later than 30 September 2017.

Cant really remember if this contract was binding or just an agreement. Also how long will the trial be though...?