Directors’ Report continued ANNUAL Report June 2025 Directors’ Report 2 (iii) Loans to Key Management Personnel No loans have been made to Key Management Personnel of the consolidated Group, including their personally related entities during the reporting period. (iv) Other Transactions and Balances No transactions were entered into with Key Management Personnel during the financial year other than those disclosed in Note 36 (b). (f) Options and Performance Rights Granted as Remuneration The Company granted the following options to Key Management Personnel of the Group during the reporting period as part of their remuneration: 30 June 2025 Number of granted options Grant date Expiry date Fair Value per Option at the grant date Total fair value of options Share-Based Payments Forfeited Expensed 2025 year IFRS 2 Not yet expensed Directors O. Kleinhempel 8,000,000 20/12/2024 29/11/2027 $0.02227 178,192 - 178,192 C.R. Bradshaw - - - - - - - - S. Layton 3,000,000 20/12/2024 29/11/2027 $0.02227 66,822 - 66,822 R. Morrow 3,000,000 20/12/2024 29/11/2027 $0.02227 66,822 - 66,822 S. Weir 3,000,000 20/12/2024 29/11/2027 $0.02227 66,822 - 66,822 Z.P. Yeo 3,000,000 20/12/2024 29/11/2027 $0.02227 66,822 - 66,822 Executives K.B. MacNeill 8,000,000 20/12/2024 29/11/2027 $0.02227 178,192 - 136,207 41,985 A. Mooney 6,000,000 20/12/2024 29/11/2027 $0.02227 133,644 133,644 - - J. Kort - - - - - - - - 34,000,000 757,316 133,644 581,687 41,985 (g) Equity Instruments Issued on Exercise of Remuneration Options or Rights No equity instruments were issued during the 2025 financial year to Key Management Personnel as a result of options exercised that had previously been granted as remuneration. (h) Service Agreements Remuneration and other terms of employment for the Key Management Personnel are formalised in Service/Appointment Agreements. All contracts may be terminated by either party with regards to the stipulated notice period, subject to any termination payments as detailed below. Directors O. Kleinhempel There is a written agreement with Mr Kleinhempel dated 12 August 2019 in his role as Non-executive Director of the Company and a subsequent agreement dated 1 April 2025 as Executive Chairman. Cash payments and benefits totalling $60,000 were paid to Mr Kleinhempel during the 2025 financial year. C. Bradshaw There is a written agreement with Mr Bradshaw dated 26 March 2025 in his role as Non-executive Director of the Company. No cash payments nor benefits were paid to Mr Bradshaw during the 2025 financial year whilst $8,000 were outstanding at year end. 68 EQ Resources Limited Annual Report 2025
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