Following the drafts decision to use Mancano And Associates (‘Mancano’), the way in which Mancano And Associates will conduct the assignment is as follows:

¨    A Proposal giving the description of the Company, the responsibilities and objectives of the job and the profile of the ideal candidate is prepared for your approval, authorizing us to proceed when signed.

¨      The timetable for the search is indicated.

¨      The search process will commence, following your authorization and payment. Target companies will be examined, using any prior information provided by company together with sources of information and prospective candidates already known to us, augmented with original research team. In all cases, our enquiries are carried out discreetly and your identity is not disclosed.

¨      After approximately 30 days, we will commence a regular dialogue with you to keep you appraised of the results emerging. This will ensure that the progress of the search is known to you, and establish a picture of the prospective candidates emerging. Because of the nature of a search assignment, it is important for Mancano And Associates to work closely with you and to refocus our efforts based on feedback from you. We understand that this position requires immediate attention and that it is important to work as diligently as possible. We have agreed that company will grant an exclusive agency relationship to Mancano And Associates to perform this search assignment. All candidates regardless of their source will be qualified and screened by Mancano And Associates.

¨      The interview process the follows, from which eventually a short-list of some three to six candidates will emerge, and you should anticipate seeing this list some four to six weeks after commencement. Candidates are presented by means of written “Executive Profiles” describing in depth their personal and professional backgrounds, job experience and achievements, reasons for moves, interest in the position and our evaluation.

¨      You will then decide which candidates you wish to interview and in what order. This needs careful attention in order to maintain the momentum of the assignment and to retain the candidates’ interest.

¨      From here a final candidate should emerge, around week six to week eight although this might be accelerated if you are able to move swiftly after the initial candidate meetings. After an offer has been made, we can carry out formal reference checking if required, and the results are communicated, to you in written form. It should be noted that part of our initial evaluation process involves informal reference checking which is carried out without the knowledge of the candidate.

¨      Finally, if the appointee resigns within 6 months from the employment commencement date, Mancano And Associates will re-open the search and make every effort to find a replacement acceptable to the client without any additional service fee, but excluding out-of-pocket expenses.