Exhibit 10.2
SEARCH ASSIGNMENT CONFIRMATION
DATE: March 30, 2005
CLIENT:
Yak Communications, Inc.
300 Consilium Place, Suite 500
Scarborough, Ontario M1H 3G2
TO:
Mr. Greg Breetz
615-309-9755
FROM: Paul Frankenberg Kraft Search Associates, LLC 555 Great Circle Road, Suite 200 Nashville, TN 37228 (615) 782-4276
Kraft Search Associates, LLC (" KSA" ) is pleased to confirm it will represent Yak Communications, Inc. (Client) on an exclusive basis for the following search assignment:
CHIEF FINANCIAL OFFICER
KSA will assist Client with drafting a position specifications and description, identifying, recruiting and developing candidates based on the position specifications and description, delivering candidate profiles and references, coordinating candidate and client meetings and assisting through negotiations with the successful candidate. All activities, efforts and communications regarding this search assignment will be conducted through Mr. Greg Breetz , unless otherwise specified in writing.
EXCLUSIVITY
KSA will act as Client' s exclusive agent for the assignment under retainer.
PROFESSIONAL FEES
Client agrees to pay KSA a Professional Fee of thirty percent (30%) of the successful candidate' s estimated first year cash compensation (salary and incentive compensation), payable in three installments.
TERMS
Based on the desired competencies and experiences required to be a success in this position, the estimated first year cash compensation to concl ...
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