Is BRN bidding for this?, page-19

If you look at the annual report Wilks will receive a total salary of $150,000 made up of $90,000 as a non executive director plus $60,000 as Chair.

In relation to his options if he remains for 12 months from the AGM the first 2 million options will vest and he will receive an additional $20,000 for every cent the share price exceeds 7.5 cents. Thus if the share price is say 10.5 cents this will be 3 times $20,000 being $60,000 making his total remuneration $210,000.

If he remains for the full four years necessary to vest the entire 8 million shares then a 1 cent increase in value above 7.5 cents will equate retrospectively to 3 times $80,000 if the share price is 10.5 cents making his salary for the next 12 months $390,000.

Is it likely that a company such as BRN could find a quality director/chair for less than $200,000 probably not so from the perspective that AKIDA is due during this next twelve months what has been proposed for Wilks seems reasonable.

If AKIDA is the success we all hope for his salary becomes irrelevant and if it flops well same story only Wilks will probably never have cause to exercise the 2 million options that will vest at that time and never receive the additional payment and so the company will have had his services for $150,000.

If there is some middle position between success and failure of AKIDA and there could be if GPI comes to pass then his position will be up for review in 12 months in any event.

If I need to make it clear my commentary on Wilks remuneration is specific to him and I take no issue with your comments regarding past decisions regarding same by an in the interests of previous Board members.