Time for an EGM, page-37

Batboy

Total remuneration for year ended 31/12/17 was $376477

''Mr Marcelo Carvalho – Chief Geologist • Term of Agreement – ongoing subject to annual review. • Fixed Remuneration – $219,000 per annum (Brazilian Real $536,000 per annum). • Variable Remuneration – The Officer is eligible for participation in the Company’s Employee Incentive Schemes including the Short-Term Incentive Plan (STIP) and Long-Term Incentive Plan (LTIP). Any participation level is subject to the discretion of the Remuneration Committee.

As per annual report released in March 2018 page 26

M. Carvalho Remuneration $ 243,736 plus

$46,702 non monetary plus $ 86,039 superannuation

Actual total $376,477''


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