EQ Resources Limited Annual Report 2021

28 EQ Resources Limited Annual Report 2021 Directors’ Report continued ANNUAL Report June 2021 Directors’ Report 14 2021 Short-term employee benefits – cash salary and fees $ Post- employment benefits - superannuation $ Termination benefit $ Share-based payments Total $ % Performance based Shares $ Performance rights and options 6 $ Directors O. Kleinhempel 48,000 - - - 10,565 58,565 18.0% S. Layton 48,000 - - - 4,226 52,226 8.1% R. Morrow 1 14,000 - - - 4,226 18,226 23.2% Z.P. Yeo 48,000 - - - 4,226 52,226 8.1% Executives K.B. MacNeill 2 226,457 - - - 68,923 295,380 23.3% K.Y. Cavallaro 3 212,991 19,155 - - 86,808 318,954 27.2% C.P. Godfrey 4 18,333 2,613 74,616 - - 95,562 0.0% A.M Wing 5 8,000 - - - - 8,000 0.0% Total KMP compensation 623,781 21,768 74,616 - 178,974 899,139 1 R. Morrow appointed Non-executive Director on 16 March 2021. 2 K.B. MacNeill appointed Chief Executive Officer on 1 April 2021. 3 K.Y. Cavallaro appointed Chief Commercial Officer on 1 July 2020; Executive Director on 1 October 2020 and resigned on 15 January 2021 from both positions. 4 C.P. Godfrey's position as Chief Operating Officer made redundant as of 31 July 2020. 5 A.M. Wing resigned as Company Secretary on 1 September 2020. 6 Performance rights and options do not represent cash payment to Directors or senior executives and performance rights / options granted may or may not be exercised by the Directors or executives. 2020 Short-term employee benefits – cash salary and fees $ Post- employment benefits - superannuation $ Termination benefit $ Share-based payments Total $ % Performance based Shares $ Performance rights and options $ Directors O. Kleinhempel 1 42,581 - - - - 42,581 0.0% S. Layton 48,000 - - - - 48,000 0.0% Z.P. Yeo 1 42,581 - - - - 42,581 0.0% R.H. Krause 2 228,121 - 137,500 - - 365,621 0.0% Executives K.B. MacNeill 3 24,000 - - - - 24,000 0.0% C.P. Godfrey 4 218,056 13,875 - - - 231,931 0.0% A.M. Wing 54,000 - - - - 54,000 0.0% Total KMP compensation 657,339 13,875 137,500 - - 808,714 1 O. Kleinhempel and Z.P. Yeo appointed as Non-executive Directors on 12 August 2019. 2 R.H. Krause resigned as Executive Chairman and Chief Executive Officer on 24 April 2020. 3 K. MacNeill appointed as Interim Chief Executive Officer & Senior Technical Advisor on 7 May 2020. 4 C.P. Godfrey employed as Chief Operating Officer on 4 November 2019. Mr Godfrey was engaged as a consultant prior to this date. (d) Cash Bonuses No cash bonuses were paid during the period.