Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On July 13, 2021, the Board of Directors (the "Board") of GigInternational1,
Inc., a Delaware corporation (the "Company") approved the payment by the Company
of advisory fees to directors in connection with certain activities on our
behalf, such as identifying and investigating possible business targets and
business combinations as well as pertaining to board committee service and
administrative and analytical services. These advisory fees will be paid
monthly, and include payments to Dr. Avi S. Katz, the Executive Chairman of the
Board, and Dr. Raluca Dinu, the President and Chief Executive Officer. The
monthly amounts approved are as follows:
Dr. Avi S. Katz $ 15,000
Dr. Raluca Dinu $ 15,000
Dorothy D. Hayes $ 5,000
Ra'anan Horowitz $ 4,000
Andrea Betti-Berutto $ 2,000
Peter Wang $ 2,000
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