That's a pretty standard consulting rate. Actually cheap given his experience (I used to charge out at $250/hr in my twenties).
He's a consultant and he's on the BoD for Lycopodium.
This looks legit and a positive ANN to me. Assume that we need to engage someone to perform these services anyway, I'd say we're getting a very good deal.
http://www.lycopodium.com.au/index.php?page=board-of-directory
Ann: Consultancy Agreement with non-executive Director, page-10
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