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tbirdman

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tbirdman

Re: None

Friday, 06/15/2012 5:16:57 PM

Friday, June 15, 2012 5:16:57 PM

Post# of 10143
$KEYP - confirmation going private is on the table:

On June 13, 2012, we reached agreement with Messrs. Gerry Goldberg and Michael Rosenberg (the “Independent Directors”) to amend their Independent Director Agreements, both dated August 1, 2011 (the “Original Agreements”). According to the Amendments, effective July 1, 2012, the monthly fees payable to Mr. Goldberg and Mr. Rosenberg shall be $3,000 and $2,000, respectively. In the event that the Company’s shares are uplisted to a higher exchange in the U.S. capital market, the Company and the Independent Directors shall renegotiate to increase the fees. In the event that the Company engages in a going private transaction, Mr. Goldberg and Mr. Rosenberg are entitled to receive additional fee of $3,000 and $2,000, respectively, payable upon the closing of the transaction of going private. Other than as specifically set forth therein, the terms of the Original Agreements shall remain in full force and effect.


http://www.sec.gov/Archives/edgar/data/1326396/000121390012003378/f8k061312_keyuan.htm


"Sometimes you eat the bar, and sometimes, well, he eats you."

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