Engagement Letter for Chief Executive Officer – InsightfulMind Learning, Inc. and Jeff Thachuk (2008–2009)
This agreement confirms Jeff Thachuk’s ongoing role as Chief Executive Officer of InsightfulMind Learning, Inc. for fiscal year 2009. Thachuk is responsible for the company’s business design, development, and administration, reporting directly to the Board of Directors. He will dedicate about 10 hours per week to these duties and provide regular reports on his activities. As compensation, he previously received 75,000 stock options at $0.15 per share. The agreement is accepted and signed by Thachuk and the Board of Directors.
Jeff Thachuk
1120 Martin St.
White Rock, BC
V4B 3V7
June 12, 2008
InsightfulMind Learning, Inc.
#300-1055 W. Hastings St.
Vancouver, BC
V6E 2E9
Re: Letter of Engagement for Fiscal 2009
Dear Board of Directors:
This letter is to confirm my understanding of the terms and objectives of my engagement as Chief Executive Officer of InsightfulMind Learning, Inc. (the “Corporation”).
Since the Corporation’s inception, as Chief Executive Officer, I have been responsible for the general design and development of the business, including business direction, and all editorial work. I shall continue with this responsibility. Additionally, since inception, I have been responsible for the overall administration of the Corporation, and I shall continue with this responsibility as well.
I report directly to the Board of Directors, and submit to them, for their review and approval, designs and plans covering all aspects of the Corporation’s business direction and development, as well as its administration.
As Chief Executive Officer, I dedicate approximately 10 hours per week to the business of the Corporation and shall continue to do so. As part of the Corporation’s Internal Control Plan, I submit to the Board of Directors, for their review and approval, summaries and details of the time I spend performing my duties.
To serve as Chief Executive Officer, for compensation, on April 22, 2005, I was granted 75,000 employee stock options at an exercise price of $0.15 per share.
Sincerely,
By: JEFF THACHUK
Jeff Thachuk
Chief Executive Officer
InsightfulMind Learning, Inc.
ACCEPTED by the Board of Directors of InsightfulMind Learning, Inc., June 12, 2008:
| By: JEFF THACHUK | By: RAVEN KOPELMAN |
| By: KEN BOGAS | By: DAVE HOLMES |
