REDACTED 2 - IC Petrojam Investigation - Recruitment and Parties October 18, 2019 final

Page 145 of 486 Petrojam Limited Integrity Commission October 2019 Normal termination entitlements: Performance incentive 2017-2018 - $2.749 million Vacation pay (Four days unused) - $232,605 One-off turn around incentive - $75,000 Company additional savings - $468,475 Salary recoverable (November 23 -30) - (-$313,304) Total: $3.213 million PLUS Negotiated settlement: Eight months salary ($1.131 million x 8) - $9.051 million Traveling allowance - $1.111 Total: $10.162 million GRAND TOTAL BEFORE TAX AND DEDUCTIONS: $13.375 million In addition to under-stating the gross figure, the government did not indicate that outstanding loans and other obligations had been deducted. Statutory deductions NIS - $3,125 NHT - $245,256 Education tax - $275,842 PAYE - $3,646, 652 Total: $4.170 million Outstanding loans and other obligations: Motor car loan - $5.315 million Car rental - $33,660 Vacation advance - $9,999