1.  Purpose:

The purpose of the Personnel Policy is to set down the policies, conditions, rights and obligations of THE COMPANY employees subject to their performing of the duties and responsibilities in their respective job descriptions.

From the time of hiring, each employee will have access to this policy, so that he/she can adhere to it with full knowledge and information.

The policies described below may at any time be subject to modification if the Board of Directors of THE COMPANY deems it necessary. In such cases, employees will be fully informed of the changes made.

1.2 Categories of Personnel:

All personnel working for THE COMPANY are classified into following types:

1.2.1 Employees:

Employees designate salaried individuals who, after a probationary period, are given othe companying assignments, either part-time or full-time, and are paid on monthly basis. They will be contracted on long-term basis subject to periodic evaluations and performance assessments. They will have the responsibility towards the day to day functioning and/or in any one of more othe companying/prospective projects of the company.