In accordance with ASX Listing Rule 3.16.4, the material terms of Mr Turvey’s remuneration package as Kogi’s Managing Director are as follows:Consulting FeesAn hourly rate of $250 per hour or $2,000 per capped 8-hour day will apply for consulting services exclusive of GST. Previous fees as a Non-executive Director are not applicable.Estimate of monthly consulting fees are ~15 days per month x $2,000 / day = ~$30,000 (exclusive of GST) depending on work load.Consultancy fees are chargeable based on actual work periods, supported by an itemised timesheet.The term of this agreement will continue until the earlier of 31st December 2020 (or such later date asthe parties may agree or revise the Contract) or on termination of the agreement.Either Kogi or Mr. Turvey may, at any time and without cause, terminate this agreement by giving the other party at least 10 days written notice or may terminate this agreement with immediate effect, by notice in writing if the other party fails to discharge its obligations under or is in breach of this agreement. Amounts payable on termination will be limited to fees owing for approved servicesrendered up until the date of termination.
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