This is also a joke. He is involved in numerous other companies,...

This is also a joke. He is involved in numerous other companies, so it's more of a part-time role, one would assume. Who are the parties to discuss his remuneration?


Summary of Key Terms of Appointment of Peter Pawlowitsch, Acting CEO

Effective date: 1 March 2024
Term: Ongoing until the appointment of a new, permanent CEO
Remuneration: Base salary of $160,000 per annum, plus statutory superannuation.
Subject to the Company obtaining shareholder approval, the Company will allot and
issue securities worth an aggregate value of $500,000, being 10 million fully paid
ordinary shares at a deemed issue price of $0.05. These securities are not subject to
any restrictions or vesting conditions. The shares will be subject to the Company’s
security trading policy.

The Company must convene a general meeting to seek shareholder approval of the
issue of these shares as soon as reasonably practicable. If shareholders do not
approve the issue by 30 June 2024 or such later date mutually agreed, the parties will
negotiate in good faith a replacement remuneration package. If a replacement
remuneration package is not agreed within 14 days, then Mr Pawlowitsch may
terminate his employment on 14 days' written notice to the Company.
It is anticipated that, upon a new, permanent CEO being recruited and commencing
employment, Mr Pawlowitsch’s role will revert to that of Executive Director, with duties,
responsibilities and remuneration to be determined at that time. However, if the term
of the Acting CEO role extends beyond 12 months, the Company will negotiate in good
faith a renewal of the remuneration package, which may include the offer of additional
equity. Any such terms will be announced to the market at that time.