CPT GLOBAL LIMITED — Remuneration Information 2022

Oct 11, 2022

==> picture [201 x 142] intentionally omitted <==

==> picture [85 x 132] intentionally omitted <==

ASX ANOUNCEMENT

CPT GLOBAL LIMITED (ASX: CGO)

12 October 2022

CEO/Managing Director Remuneration Update

CPT Global Limited ( CPT or the Company ) advises shareholders of changes to the remuneration for the Chief Executive Officer and Managing Director Mr Luke Tuddenham effective from 30 September 2022 in accordance with ASX Listing Rule 3.16.4.

Mr Tuddenham was appointed Chief Executive Officer & Managing Director on 1 November 2022 and his employment agreement has not been updated since that time. The Board of the Company advises that it reviewed and entered into a new employment agreement with Mr Tuddenham.

A summary of the changes are detailed in the annexure to this announcement.

This announcement has been authorised for release by the Chairman of the Company.

For further information please contact:

Fred Grimwade Chairman

T: +61 3 9684 7900 E: fgrimwade@cptglobal.com http://www.cptglobal.com/

==> picture [16 x 15] intentionally omitted <==

==> picture [14 x 15] intentionally omitted <==

==> picture [596 x 20] intentionally omitted <==

+61 3 9684 7900

3/818 Bourke Street, Docklands, VIC 3008

www.cptglobal.com

1

==> picture [114 x 80] intentionally omitted <==

==> picture [60 x 97] intentionally omitted <==

Summary of the material terms to Mr Luke Tuddenham’s employment agreement with CPT Global Ltd.

Agreement effective date	30 September 2022
Parties	CPT Global Inc, a wholly-owned subsidiary of CPT Global Ltd; andMr Luke Tuddenham
Term	The appointment is on an ongoing basis, subject to thetermination provisions as set out below.
Total Fixed Remuneration(TFR)	Annual base salary of USD350,000 per annum (exclusive of 6%401K contribution) and up to USD33,612 medical insurance (100%of the Insperityfund cost).
Short Term Incentive (STI)	Mr Tuddenham is eligible to participate in the Company’s shortterm incentive (STI) plan, under which Mr Tuddenham is eligible toreceive short term incentives in the form of an annual cash bonusbased on achieving results in terms of added securityholder valueand individual performance.Mr Tuddenham’s maximum potential STI plan payment per annumis capped at USD250,000 per annum in accordance with the termsof the Company’s bonus plan (Bonus). Notwithstanding any termsin the Plan, there is no guarantee or automatic provision of a Bonusin any given year.
Long Term Incentive (LTI)	Mr Tuddenham’s long term incentive (LTI) beyond the currentfinancial year will be considered later in 2022 by the Board and anyproposed equity incentives will be subject to shareholder approval.
Termination	The Company or Mr Tuddenham may terminate Mr Tuddenham’semployment on three (3) months’ notice or immediately for certainprescribed events.
Severance Payment	In addition to any other amounts the Company may lawfully beobliged to pay Mr Tuddenham under the employment agreement,if (and only if) the Company terminates his employment withoutcause, the Company will pay Mr Tuddenham the amount ofUSD125,000.It is expressly agreed that this payment is not required to be madeand will not be made where Mr Tuddenham resigns hisemployment with the Company.

==> picture [596 x 21] intentionally omitted <==

October, 2022

2