EQ Resources Limited Annual Report 2021

EQ Resources Limited Annual Report 2021 31 ANNUAL Report June 2021 Directors’ Report 17 (f) Options and Performance Rights Granted as Remuneration The following options were granted by the Company to the Directors and Executives of the Group during the financial year as part of their remuneration. 30 June 2021 Number of granted options Grant date Expiry date Fair Value per Option at grant date Total fair value of options Share-Based Payments Forfeited 2021 year Expensed 2021 year AASB 2 Not yet expensed Directors O. Kleinhempel 10,000,000 25/05/21 25/05/24 $0.01402 140,207 - 10,565 129,642 S. Layton 4,000,000 25/05/21 25/05/24 $0.01402 56,083 - 4,226 51,857 R. Morrow 4,000,000 25/05/21 25/05/24 $0.01402 56,083 - 4,226 51,857 Z.P. Yeo 4,000,000 25/05/21 25/05/24 $0.01402 56,083 - 4,226 51,857 Executives K.B. MacNeill 10,000,000 23/06/21 23/06/24 $0.01031 170,503 - 68,923 101,580 K.Y. Cavallaro 5,000,000 01/07/20 01/07/23 Various 86,808 - 86,808 - 37,000,000 565,767 - 178,974 386,793 (g) Equity Instruments Issued on Exercise of Remuneration Options or Rights No equity instruments were issued during the 2021 financial year to Directors or other Key Management Personnel as a result of options or rights exercised that had previously been granted as remuneration. (h) Service Agreements Remuneration and other terms of employment for the Directors and Executives are formalised in Service/Appointment Agreements. All contracts with Directors and executives may be terminated by either party with regards to the stipulated notice period, subject to any termination payments as detailed below. Directors O. Kleinhempel There is a written agreement with Mr Kleinhempel dated 12 August 2019 in his role as a Non-executive Director of the Company and subsequently as Non-Executive Chairman on 24 April 2020. Cash payments and benefits totalling $48,000 were paid to Mr Kleinhempel during the 2021 financial year. S. Layton There is a written agreement with Mr Layton dated 9 November 2017 in his role as a Non-executive Director of the Company. Cash payments and benefits totalling $48,000 were paid to Mr Layton during the 2021 financial year. The payments were made through Bodie Investments Pty Ltd, a company in which Mr Layton has a substantial interest. R.D. Morrow There is a written agreement with Mr Morrow dated 22 February 2021 in his role as a Non-executive Director of the Company. Payments and benefits totalling $14,000 were accrued for Mr Morrow during the 2021 financial year. Z.P. Yeo There is a written agreement with Mr Yeo dated 12 August 2019 in his role as a Non-executive Director of the Company. Cash payments and benefits totalling $48,000 were paid to Mr Yeo during the 2021 financial year.