O TTO M ARINE L IMITED - Microsoft Internet Explorer - SGX

companies both in Singapore and overseas. In 1995, Mr. See joined Hong Leong group of companies as the
group financial controller and was involved in finance, general and personnel administration. From 1998 to
2000, Mr. See worked as the general manager of Falmac Limited, a listed company on SGX-ST, and later was
promoted as their managing director to supervise finance, accounting, sales and operation activities. From
2001 to 2002, Mr. See was the chief financial officer and chief operating officer of Ghim Li Holdings Pte.
Ltd., which is related to GLG Corp Ltd., a company listed on the Australian Securities Exchange and his
responsibilities there included finance, human resources, sale and marketing, business development and
operation. In 2002, he joined Aussino International Corporation Pty Ltd., located in Perth, as their executive
director and financial controller and was responsible for the finance, administration and personnel sectors in
Australia. Between 2004 and 2006, Mr. See was the general manager in finance and administration at Quill
Stationary Manufacturers Pty Ltd. where he headed the finance, administration, personnel and commercial
sectors within the group. Mr. See graduated with a Bachelor of Business (Accounting) from Edith Cowan
University in Australia in 1991. In 1992, he received his Master of Business Administration degree in Finance
from Hull University in UK. He is a Certified Practising Accountant registered with the Australian Society of
Certified Practising Accountants. In addition, he is also a member of the Marketing Institute of Singapore and
a member of the Singapore Institute of Directors.
Yeo Teng Kiet joined us in 2002 as our Senior Manager (Operation) of PT Batamec and is in charge of
daily operational affairs at our shipyard. Mr. Yeo has more than 30 years of experience in the shipbuilding
industry. In 1973, Mr. Yeo joined Sembawang Shipyard Pte. Ltd. where he received plenary training under an
apprentice scheme and in 1977, upon completion of his trainee program, he became an engine fitter, later a
trainee supervisor and subsequently he became a billing technician in 1979. Between 1983 and 1997, Mr. Yeo
was a marine engineer with Neptune Ship Management Services Pte. Ltd., where he specialised in
maintenance of shipboard machinery. From 1997 to 2002, Mr. Yeo rejoined Sembawang Shipyard Pte. Ltd. as
the material, purchasing and logistic department manager at PT Karimun Sembawang Shipyard and took on
the operational tasks at the shipyard. Mr. Yeo attained the Singapore-Cambridge General Certificate of
Education Ordinary Level Examination Pass in 1972.
There are no family relationships amongst any of our Directors, Executive Officers or Substantial
Shareholders.
Except for William Edward Alastair Morrison, who was appointed by our Company pursuant to Business
Companion Investments’ obligation under the Exchangeable Loan Agreement, (see “Substantial Shareholders
and Vendors — Exchangeable Loan Agreement — Conversion of the Exchangeable Loan to Shares — Appointment
of a Director by SCPEL on Our Board of Directors”), none of our Directors or key Executive Officers
have been appointed pursuant to any arrangement or understanding with a Substantial Shareholder, customer
or supplier of ours, or other person.
Service Agreements
On 3 September 2008, our Company entered into Service Agreements with our Executive Directors, Yaw
Chee Siew and Lee Kok Wah for an initial period of three years commencing with effect from the listing of
our Company on the SGX-ST. Each Service Agreement may be terminated by either our Company or the
relevant Executive Director by giving six months’ notice in writing.
We may terminate their respective Service Agreements in the event any of the Executive Directors
commit certain events of default described in their respective Service Agreements; including being convicted
of felony, being dishonest, fraudulent with our Company and being guilty of any default, misconduct or wilful
neglect in the discharge of his duties.
Where the Director’s service is terminated by our Company for cause, or the Director resigns voluntarily
other than for a good reason, or the Director dies during the term of his employment, the Director (or his
estate, as the case may be) shall be entitled to receive his salary earned and accrued to the date of termination,
plus any incentive bonus approved by the Board and earned but not paid for a completed fiscal year prior to
termination.
Where the Director’s service is terminated by our Company without cause or due to total disability of the
Director, or if the Director resigns for a good reason, the Director shall be entitled: (i) to receive all payments
due as his salary earned and accrued to the date of termination (ii) to receive any incentive bonus approved by
the Board and earned but not paid for any completed fiscal year prior to termination (iii) to receive a pro rata
portion of any incentive bonus for the fiscal year of termination (based on actual results for such fiscal year
and the number of days in the fiscal year prior to termination), and (iv) to continue to participate in the our
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