XML 22 R13.htm IDEA: XBRL DOCUMENT v3.21.2
Other Related Party Transactions
6 Months Ended
Jun. 30, 2021
Other Related Party Transactions  
7. Other Related Party Transactions

Other Related Party Transactions.

On April 7, 2021, the Company issued 48,077 voting common stock of the Company to Stephen T. Chen and/or Stephen T. Chen and Virginia M. Chen, Trustees, Stephen T. & Virginia M. Chen Living Trust Dated April 12, 2018 (“Chen”) as partial compensation payable for the period January 1, 2021 through March 31, 2021 under that certain Employment Agreement by and between the Company and Chen effective January 1, 2021 (“Chen Agreement”).

 

On April 7, 2021, the Company issued 5,769 voting common stock of the Company to Bernard Cohen (“Cohen”) as partial compensation payable for the period January 1, 2021 through March 31, 2021 under that certain Employment Agreement by and between the Company and Cohen effective January 1, 2021 (“Cohen Agreement”).

 

On April 7, 2021, the Company issued 11,538 voting common stock of the Company to Lawrence Lin (“Lin”) as compensation payable for the period January 1, 2021 through March 31, 2021 under that certain Consulting Agreement by and between the Company and Lin’s company, i2China Management Group, LLC, effective April 15, 2018 (“Lin Agreement”), as amended and made effective on January 1, 2020 (“Lin Amendment”).

 

On April 7, 2021, the Company issued 109,038 voting common stock of the Company to John Junyong Lee (“Lee”) as compensation payable for the period January 1, 2021 through March 31, 2021 under that certain Legal Retainer Agreement by and between the Company and Lee effective June 21, 2019 (“Lee Agreement”).

 

On April 15, 2021, the Company consummated its Securities Purchase Agreement dated December 24, 2020 (“Ainos Agreement”) with a strategic investor, Ainos KY. Pursuant to the Ainos Agreement, the Company issued 100,000,000 shares of common stock at $0.20 per share to Investor in exchange for certain patent assignments.

On May 28, 2021, the Company Taiwan branch office entered into an office lease contract with Ting-Chuan Lee, a Company board director. The lease term is from June 2021 to May 2024 and the rental is $1,785 per month.

 

On June 30, 2021, the Company issued 5,342 voting common stock of the Company to Stephen T. Chen and/or Stephen T. Chen and Virginia M. Chen, Trustees, Stephen T. & Virginia M. Chen Living Trust Dated April 12, 2018 (“Chen”) as compensation payable for the period April 1, 2021 through April 15, 2021 under that certain Employment Agreement by and between the Company and Chen effective January 1, 2021 as amended by Amendment No. 2 that extended the termination date to April 15, 2021 (“Chen Agreement”).

 

On June 30, 2021, the Company issued 107 voting common stock of the Company to Bernard Cohen (“Cohen”) as compensation payable for the period April1, 2021 through April 5, 2021 under that certain Employment Agreement by and between the Company and Cohen effective January 1, 2021, as amended by Amendment No. 1 that extended the termination date to April 5, 2021(“Cohen Agreement”).

 

On June 30, 2021, the Company issued 3,846 voting common stock of the Company to Lawrence Lin (“Lin”) as compensation payable for the period April 1, 2021 through June 30, 2021 under that certain Consulting Agreement by and between the Company and Lin’s company, i2China Management Group, LLC, effective April 15, 2018 (“Lin Agreement”), as amended and made effective on January 1, 2020 (“Lin Amendment”).

 

On June 30, 2021, the Company issued 21,926 voting common stock of the Company to John Junyong Lee (“Lee”) as compensation payable for the period April 1, 2021 through June 30, 2021 under that certain Legal Retainer Agreement by and between the Company and Lee effective June 21, 2019 (“Lee Agreement”).