Ann: Regal expands technology licensing - W10 , page-2

........ and a 2% royalty will be payable to EIR Royalties Pty Ltd (EIR), a company associated
with two Directors of Regal, Mr Bretton Cooper and Mr Rohan Gillespie


• Aboveground applications across all the above hydrocarbon types - royalty payable to Forbes
shall be the lesser of 5% well head value or 10% of the calculated value-add,........ and a 2% royalty
will be payable to EIR, a company associated two Directors of Regal, Mr Bretton Cooper and
Mr Rohan Gillespie


So these directors are getting paid a 2% royalty payable by regal to another company in which they are directors or have an interst in...why is that?

Seems very strange and underhanded unless someone can explain it to me.

Bought in today for the pilot project in FEB