ANNUAL REPORT June 2026 Remuneration Report - Audited (g) Equity Instruments Issued on Exercise of Remuneration Options or Rights 9,678,241 instruments were issued during the 2026 financial year to Key Management Personnel as a result of options exercised that had previously been granted as remuneration. Key Management Person Number of Options Exercised Shares Issued Amount Paid per instrument Directors M. Nossal - - - O. Kleinhempel 312,500 312,500 0.0650 S. Layton 312,500 312,500 0.0650 S. Weir 740,741 740,741 0.0675 S. Weir 3,000,000 3,000,000 0.0700 Z.P. Yeo 312,500 312,500 0.0650 Executives C. Bradshaw - - - J. Kort 5,000,000 5,000,000 0.0500 V. Trout - - - 9,678,241 9,678,241 (h) Service Agreements Remuneration and other terms of employment for the Key Management Personnel are formalised in Service/Appointment Agreements. All contracts may be terminated by either party with regards to the stipulated notice period, subject to any termination payments as detailed below. Directors M. Nossal There is a written agreement with Mr Nossal dated 30 March 2026 in his role as Independent Non-executive Chair of the Company. This position continues until Mr Nossal ceases to hold office as director and may be terminated at any time by written notice of resignation. C.R. Bradshaw There is a written agreement with Mr Bradshaw dated 26 March 2025 in his role as Non-executive Director of the Company. An Executive Employment Agreement was entered into on 17 September 2025 following Mr Bradshaw’s appointment as Managing Director. The Company or Mr Bradshaw may terminate the contract by giving three month’s written notice. O. Kleinhempel There is a written agreement with Mr Kleinhempel dated 12 August 2019 in his role as Non-executive Director of the Company This position continues until Mr Kleinhempel ceases to hold office as director and may be terminated at any time by written notice of resignation. There was a subsequent agreement dated 1 April 2025 as Executive Chair, which expired on 30 September 2025. S. Layton There is a written agreement with Mr Layton dated 9 November 2017 in his role as Non-executive Director of the Company. This position continues until Mr Layton ceases to hold office as director and may be terminated at any time by written notice of resignation. EQ Resources Limited Annual Report 2026 39
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