Tranche 1 was a $1 million investment in FOD. There are five tranches comprising the $20.25 million investment. Tranche 2, an investment of $2.51 million, expected to be made before the end of October 2018, after which Dr Li will be appointed Chairman of The Food Revolution Group and have the right to appoint an additional two directors to the FOD Board.
FOD Price Movement, page-19
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