Curragh Queensland Mining Pty Ltd
ABN 55 095 450 418
Private Mail Bag
Blackwater QLD 4717
T +61 7 4986 9211 | F +61 7 4986 9327
www.coronadoglobal.com
16 February 2022
c/o: dthompson@coronadoglobal.com
Dear Douglas,
I wish
to confirm
the following
remuneration
elements
not included
within your
Contract of
Employment
which
has
been
in
effect
since
September
1,
2021,
when
you
commenced
in
the
role
of
Chief
Operating
Officer,
Australia with Curragh Queensland Mining Pty Ltd (CQMPL)
(“the Company”)
In
addition
to
the
remuneration
specified
within
the
Contract
of
Employment,
you
received
a
sign-on
bonus
totalling $300,000 gross which was paid
to you in cash in
September 2021. Since your commencement, we have
agreed specific improvement
targets relating to
Curragh’s performance
and, should those
targets be met
within
the timeframe agreed,
you will receive
an additional bonus
payment of $500,000
gross. This bonus
is over and
above any other incentive program.
Although not forming part
of your Contract of
Employment, I can confirm
that you will be invited
to participate in
both the
short-term and
long-term incentive
programs. The
STI opportunity
will be
100% of
your TEC,
and the
LTI will also equal
100% of your TEC.
Should you have any queries concerning this
letter, please do
not hesitate to contact Emma Pollard
on 07 3031
7626.
Yours sincerely
/s/ Garold Spindler
Garold Spindler
Chief Executive Officer
I have read,
understand, agree to
and accept the
terms and conditions
as outlined in
this Letter.
I confirm that
the
payment
amounts
which
I
receive
under
the
Contract
of
Employment,
satisfies
any
obligations
on
the
Company to pay
to me
any entitlements
to which
I may
otherwise be
entitled under
an industrial
instrument or
Signed:
/s/ Douglas Thompson
Date: 18/02/2022
Douglas Thompson
