STAFF VACATION POLICY

Dear Felix

Each full time staff member is entitled to five (5) days of paid Vacation Entitlement for each Period of employment with the company.

A "Period" means a period of time equal to (i) six months in the case of a staff member having less than two (2) full years of employment with the company; (ii) four (4) months in the case of a staff member with two (2) years to six (6) years of employment with the company; and three (3) months in the case of a staff member with over six (6) years of employment with the company.

Vacations are tracked on a calendar year basis.

Vacation Entitlement must be taken within twelve (12) months of the year end in which it was earned failing which it will lapse. All vacation requests must be pre-approved by management. While every effort will be made to accommodate the duration and timing of a vacation request by a staff member, such request will be subject to workload and seniority among staff.

Regards
Lydia