text: *U.S. Remuneration Basic Principles*
  While our stock is traded on the Australian Stock Exchange (ASX), all of our management team and operations are located in the 
  United States. As such, we have adopted the following objectives for managing executive remuneration: 
  
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  Recognition that Sundance Energy is a publicly listed Australian company, with mainly Australian shareholders; 
  Recognition that remuneration must be competitive within the local working environment in order to attract and to retain 
  the necessary people to grow the company according to the Board approved strategy; 
  The scheme must achieve the appropriate balance between shareholder interests and management motivation; 
  Due recognition and observance of the ASX listing rules and the Corporations Act must be made; 
  The Committee should be advised by an appropriate independent industry expert; 
  The scheme is to include three basic elements: 
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  o Annual cash bonuses based on predetermined targets recommended by the Remuneration and Nominations 
  
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  Base salaries (which will be reviewed at the end of each financial year); 
  
  Committee and approved by the Board; 
  Long term incentives in the form of equity based on predetermined targets recommended by the Remuneration 
  and Nominations Committee and approved by the Board 
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  The scheme is to include a discretionary component, which allows the Remuneration and Nominations Committee to 
  recommend to the Board the awarding of bonuses to executives where the Remuneration and Nominations Committee 
  believes they are warranted based on strong individual performance and meeting predetermined Company objectives. 