Bos Glb Hldgs Regulatory News (BOS)

BOS GLOBAL Holdings Limited

ACN 009 087 852

AIM Release

12 December 2016

BOS GLOBAL Holdings Limited ("BOS" or "the Company") (AIM: BOS), advises that it has entered into a Performance Activity Contract ("PACT") for 2017 with its Managing Director, Michael Travia.

The principal terms of the PACT agreement are as follows:

· The term of the agreement is for 12 months from 1 January 2017;

· Total remuneration under the 2017 BOS PACT will be either AUD13,200 OR AUD253,200 net of applicable taxes and consisting of;

o A Monthly retainer of AUD1,000; and

o A Performance Bonus of AUD240,000 net of applicable taxes, payable on the Company achieving operating breakeven on or before 15 December 2017

Operating breakeven is defined as the Company achieving monthly revenue equal to or greater than its monthly operating expenses at the time of approval and payment of Mr. Travia's Performance Bonus.

Other elements of a PACT under the BOS model have been waived by Mr. Travia from the agreement, namely Meeting payments, Initiative payments and Initiative completion payments.

Before Mr. Travia is entitled to receive his 2017 Performance Bonus, a Review Committee comprising the Company Auditor or Accountant, Company Solicitor and Chair of the Remuneration Committee must meet in December 2017 and pass a unanimous decision before such payment can be approved and paid by the Company. The Company is obligated to pay any such approved payment to the Employee on or before 15 December 2017.

Mr. Travia's previously disclosed participation in the Company's Performance Share Scheme has been waived at his request

Under the terms of the BOS PACT, Mr. Travia will also be entitled to receive superannuation, life insurance, Director and Officer insurance, travel insurance and reimbursement of travel and work expenses.

For further information please visit www.bosglobal.com or contact:

About BOS GLOBAL

BOS GLOBAL is a software company focused on creating enterprise productivity solutions for the global workforce market. It does this through a blend of business process automation, intelligence gathering and advanced analytics to drive efficient business practices and workplace engagement.

The Company is currently developing the BOS360 Work Patterns Platform based upon its existing and international patent pending research and development, and to provide businesses with a comprehensive platform through which they can capture, manage and measure efficiency in real time at the individual, team and organisational level.