ADX ENERGY LTD — Remuneration Information 2015

Oct 6, 2015

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ASX Release

7 October 2015

ADX Remuneration Terms for CEO and Executive

Chairman

ADX Energy Ltd ( ASX:ADX ) hereby announces the material terms of the new consultancy agreements for Mr Paul Fink (Executive Director and CEO) and Mr Ian Tchacos (Executive Chairman).

It should be noted that there is no fixed remuneration component and both executives will only be paid for work done. The intention is to minimize the Company’s fixed overhead and conserve cash while maximizing the available dedicated skills and experience.

	I Tchacos / Exec Chairman	P Fink / Chief Executive
Days per Month at	4 days	8 days
Full Day Rate
Full Day Rate	A$1500per day	A$1500per day
Additional Days	Paid at 50% of Full Day Rate	Paid at 50% of Full Day
	and 50% Shares Equivalent*	Rate and 50% Shares
		Equivalent*
Term	12 months to 30 September	12 months to 30
	2016	September 2016
Term Extension	By mutual agreement 3	By mutual agreement 3
	months before contract end	months before contract
		end
Termination without	1 month @ 4 days per month	1 month @ 8 days per
cause	per 12 months of service	month per 12 months of
		service
Termination with	1 week	1 week
cause
Notice Period by	3 months	3 months
Consultant

• 50% Shares Equivalent is subject to Shareholder Approval. If Shareholder Approval is not granted, this portion of the remuneration will be paid in cash.

For further details please contact :

Paul Fink	Ian Tchacos
Chief Executive Officer	Executive Chairman
+61 (08) 9381 4266	+61 (08) 9381 4266
www.adxenergy.com.au