SEC Contract Filing

Filing Date: 2018-07-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>srt_ex1022018720rosenzweig.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<div><a name="s20358d24019c455380ef4d629d2531b3"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.2</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">July 19, 2018</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mr. Lance Rosenzweig</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Re:</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Employment Offer as President and Global Chief Executive Officer</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dear Lance:</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CSP Alpha Midco Pte Ltd. (&#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">CSP Midco</font><font style="font-family:inherit;font-size:10pt;">&#8221;), is pleased to offer you the position of President and Global Chief Executive Officer of StarTek, Inc., a Delaware corporation (the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:10pt;">&#8221;, and with its affiliates, the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Company Group</font><font style="font-family:inherit;font-size:10pt;">&#8221;), reporting to the Board of Directors of the Company (the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Board</font><font style="font-family:inherit;font-size:10pt;">&#8221;), effective immediately following the consummation of the transactions contemplated by the Transaction Agreement dated March 14, 2018, by and among the Company, CSP Midco, and CSP Alpha Holdings Parent Pte Ltd. as amended by that certain First Amendment to Transaction Agreement, dated as of July 3, 2018 (as may be further amended from time to time, the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Transaction Agreement</font><font style="font-family:inherit;font-size:10pt;">&#8221;), subject to approval of this letter agreement (this &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:10pt;">&#8221;) by the Board and contingent upon satisfaction of the pre-employment conditions set forth below and your acceptance of this Agreement (the date on which your employment becomes effective, the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Start Date</font><font style="font-family:inherit;font-size:10pt;">&#8221;). This Agreement will be effective immediately prior to, and only if, the transactions contemplated by the Transaction Agreement are consummated. If the transactions contemplated by the Transaction Agreement are not consummated or are abandoned, this Agreement will be void </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ab initio</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This Agreement sets forth the terms and conditions of your employment with the Company from the Start Date through the termination of your employment with the Company as President and Global Chief Executive Officer (the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Term</font><font style="font-family:inherit;font-size:10pt;">&#8221;). As of the Start Date, your special advisor agreement with CSP Alpha Holdings Parent Pte Ltd., dated December 1, 2017, (your &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Special Advisor Agreement</font><font style="font-family:inherit;font-size:10pt;">&#8221;), will terminate and be superseded in all respects by this Agreement. Please understand that this offer may be revoked in writing by the Company at any time prior to your written acceptance of the offer and will expire immediately prior to the consummation of the transactions contemplated by the Transaction Agreement if not accepted prior thereto</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">.</font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Responsibilities; Duties</font><font style="font-family:inherit;font-size:10pt;">. During the Term, you will serve as the President and