6.1 Executive Search Assignments

The fee for second and subsequent appointments arising from a particular executive search assignment would be one-quarter (twenty five percent) of the first year's guaranteed compensation package as finally negotiated for the first year’s employment.

This fee structure would hold providing no extra research is required. Where further research is necessitated, a fee would be negotiated based on the extent of additional research required. A full brief would be required for the modified position and the billing would be adjusted accordingly.

6.2 Non-Executive Director Search Assignments

The fee for second or subsequent appointments on the same Non-Executive Director assignment would be R120,000.00 for each such appointment.

6.3 Executive Selection Assignments

The fee for second and subsequent appointments arising from a particular selection assignment would be one-fifth (twenty percent) of the first year's guaranteed compensation package as finally negotiated for the first year’s employment.

6.4 Interim Search and Selection Assignments

Where an additional request for an Interim Executive arises from and specifically relates to an existing particular Interim Executive assignment, the initial fee charged by Woodburn Mann will be:

R30,000.00 plus value added taxation, where further research is necessitated

R25,000.00 plus value added taxation, where there is no additional research required

Where an additional Interim Executive is required for a new and separate assignment within the client organisation, the initial fee shall be R50,000.00 plus value added taxation.

There will be no initial fee payable on the reappointment to a particular interim executive assignment of the incumbent Interim Executive for second or subsequent contracts entered into within one month of the expiry of the previous contract.