Ann: 2020 AGM Proxy Form, page-4

Also think that both

RESOLUTION 9–APPROVAL TO ISSUE SHARES TO MR GILES BOURNE IN LIEU OF DIRECTOR FEES
To consider and, if thought fit, to pass, the following resolution as an ordinary resolution:“That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue that number of Shares, when multiplied by the deemed issue priceof $0.02, will equal $30,717(being 1,535,850 Shares) to Mr Giles Bourne (or his nominee) on the terms and conditions set out in the Explanatory Statement.”

AND

RESOLUTION 10–APPROVAL TO ISSUE SHARES TO MR JAMES WALKER IN LIEU OF DIRECTOR FEES
To consider and, if thought fit, to pass, the following resolution as an ordinary resolution:“That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue that number of Shares, when multiplied by the deemed issue priceof $0.02, will equal $9,856 (being 492,800 Shares) to Mr James Walker (or his nominee) on the terms and conditionsset out in the Explanatory Statement.

AND

RESOLUTION 11–APPROVAL TO ISSUE SHARES TO MR VIVEK RAO IN LIEU OF DIRECTOR FEES
That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue that number of Shares, when multiplied by the deemed issue priceof $0.02, will equal $8,897 (being 444,850 Shares) to Mr Vivek Rao (or his nominee) on the terms and conditions set out in the Explanatory Statement.”

AND

RESOLUTION 12–APPROVAL TO ISSUE SHARES TO MR STEPHE WILKS IN LIEU OF DIRECTOR FEES
That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue that number of Shares, when multiplied by the deemed issue priceof $0.02, will equal $8,555(being 427,750 Shares) to Mr Stephe Wilks (or his nominee) on the terms and conditions set out in the Explanatory Statement.

are a disgrace

The 20 day volume weighted average price (VWAP) prior to 30 June was about 3.5c - IMO these awards should be at 3.5c NOT 2c and thus should be 877,629 shares to Giles Bourne, 281,000 to James Walker, 254,200 to Vivek Rao and 244,429 to Stephe Wilks. Payday was on 30 June NOT at the time of the Capital Raising

I will also be voting against.these and also resolution 1 - the remuneration report - hopefully we can get a 25% vote against which would give them a "strike" which means that according to the Corporations Act that if they get the same again in 2021 all the board has to resign.

Possibly also resolution 2 (Re-Election of Director –Mr James Walker) and resolution 3 (Re-Election of Director –Mr Vivek Rao) the same point needs to be made particularly in regard to this 2c/share award for employees as payment of 25% of salary as shares is amended to 3.5c/share (i.e the VWAP). The point also applies to their performance rights (resolutions 4, 5, 6, 7 and 8).

The NoM is pretty insensitive to us shareholders - we only own the company!!