VECTION TECHNOLOGIES LTD — Director's Dealing 2019

Apr 11, 2019

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity ServTech Global Holdings Limited ABN 93 614 814 041

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Gianmarco Biagi
Date of appointment	12 April 2019

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Nil

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities interest A Note: Provide details of the circumstances giving rise Note: Provide details of the circumstances giving rise to the relevant to the relevant interest. interest. The registered holder is Officine 292,556,186 Fully Paid Ordinary Shares 8k Srl (“O8K”). The relevant interest of Mr Biagi 150,000,000 Performance Rights arises under s608(3)(a) of the Corporations Act, being a relevant interest held through a body corporate, VR Tech SRL, in which Mr Biagi’s voting power is above 20%. Mr Biagi’s voting power arises from his spouse’s (Monia Venturi) 50% voting power in Settepuntonove Srl, which holds 65% of the voting power in VR Tech SRL.

VR Tech SRL’s relevant interest arises under s608(3)(a) of the Corporations Act, being a relevant interest held through a body corporate; O8K, in which VR Tech SRL’s voting power is above 20%.

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Annexure – Key Terms and Conditions of Employment – Mr Gianmarco Biagi (Managing Director)

Key Terms	Details
Agreement:	Executive Services Agreement with Mr Gianmarco Biagi
Commencement Date:	Start Date 12 April 2019
Term:	Mr Biagi will be appointed for an ongoing term, subject to termination by either party (see below)
Fee:	Gross Monthly Retainer of $15,000 for the first 12 months of engagement; Gross Monthly Retainer of $16,667 from the second year of engagement.
Termination:	The Company may terminate the engagement by giving three months’ written notice to Mr Biagi, and at the end of that notice period, making a payment to the Executive equal to the retainer payable over a 3 months period.

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 3

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity ServTech Global Holdings Limited ABN 93 614 814 041

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Lorenzo Biagi
Date of appointment	12 April 2019

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Nil

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities interest A Note: Provide details of the circumstances giving rise Note: Provide details of the circumstances giving rise to the relevant to the relevant interest. interest. The registered holder is Officine 292,556,186 Fully Paid Ordinary Shares 8k Srl (“O8K”). The relevant interest of Mr Biagi 150,000,000 Performance Rights arises under s608(3)(b) of the Corporations Act, being a relevant interest held through a body corporate, VR Tech SRL, that Mr Biagi controls. VR Tech SRL’s relevant interest arises under s608(3)(a) of the Corporations Act, being a relevant interest held through a body corporate; O8K, in which VR Tech SRL’s voting power is above 20%.

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Annexure – Key Terms and Conditions of Employment – Mr Lorenzo Biagi (Executive Director and Chief Sales Officer)

Key Terms	Details
Agreement:	Executive Services Agreement with Mr Lorenzo Biagi
Commencement Date:	Start Date 12 April 2019
Term:	Mr Biagi will be appointed for an ongoing term, subject to termination by either party (see below)
Fee:	Gross Monthly Retainer of $10,600 for the first 12 months of engagement; Gross Monthly Retainer of $13,100 for the second year of engagement; Gross Monthly Retainer of $15,600 from the third year of engagement.
Termination:	The Company may terminate the engagement by giving three months’ written notice to Mr Biagi, and at the end of that notice period, making a payment to the Executive equal to the retainer payable over a 3 months period.

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 3