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Remuneration for Financial year 30th June 2013
When share price was between 1.9c -2.3c

Christopher Thorpe Neil Wiles
Position held 30 June 2013 Chief Executive Officer Managing Director
Contract details
Four years from the 1 July 2012 and
may be extended by mutual
agreement.
Four years and two months from 1 May
2012. May be extended by mutual
agreement.
Notice period Six months Six months
Total employment cost
(TEC) $320,000 $320,000
Short term incentive Entitled to a board approved
discretionary bonus at any time during
course of agreement.
Entitled to a board approved
discretionary bonus at any time during
course of agreement.
Other benefits
30 days annual leave. Corporate
parking. Life insurance policy paid for
by MBA.
30 days annual leave. Life insurance
policy paid for by MBA.
Termination by Company 12 months’ notice or payment in lieu 12 months’ notice or payment in lieu
Restraint 12 months post termination 12 months post termination
Interest in shares as at 30
June 2013
26,676,639 24,033,000
Long term incentive /
Options
3,000,000 options with a vesting date
of June 2016, an expiry date of June
2018, with an exercise price of 5 day
VWAP of MBE shares on grant date
plus a premium of 43% (as approved
at the AGM 30 November 2012)
3,000,000 options were issued on the
24 July 2013 with a vesting date of
June 2016, an expiry date of June
2018, with an exercise price of 5 day
VWAP of MBE shares on grant date
plus a premium of 43%
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