Services Contract

Introduction This Contract is between Alara Wholefoods Ltd, 108 112 Camley Street, N1C 4PF and Mohamed Shiraz Muhsin, 45 Compton Avenue, E6 3DR. Retention & Description of Services During the term of this Contract, Mohamed Shiraz Muhsin will provide Accounting & Finance services specifically requested by Alara Wholefoods Ltd. The services relate to work being done or planned by Alara Wholefoods Ltd in the field of Accounting & Finance, will be within the area of Consultants technical competence and specifically include the following: 1. Managing and overseeing the smooth operation of Alaras Financial Department, as required by business needs (can change overtime), including: - Accounts Payable - Accounts Receivable - Payroll - Management Accounts - Statutory Accounts Working with the Auditors and Financial advisors when required - Supplying agreed reconciliation and accounts at agreed times - Cash Flow projections - Budget - Foreign Exchange transactions - All other duties needed to run the department in a professional and timely manner - Recruitment and managing work of any assistants needed to run the department - Any ad-hoc duties as requested by the Directors and all other duties needed to assist business needs. 2. Consultant is obliged to spend a minimum of 40 hours a week at Alara premises, unless the company is closed for business, in which case these days will be regarded as unpaid time off. During working days the Consultant is permitted to take a max of 50 minutes breaks a day. Non-compliance would result in reducing fees pro-rata. 3. Consultant is eligible to take a maximum 28 days of unpaid time off (including Bank Holidays and all other days when the company is closed for business). 4. Consultant is obliged to comply with all the procedures and policies operating within the company, with an exception of HR policies that are specific to employees. 5. To support running the department the company is prepared to employ one assistant.

Term of Contract Consultant services shall be available to Client from 1st of August 2011 to end December 2011. After this time the contract will be reviewed. Compensation The Client will pay the Consultant a consulting fee of seven hundred sixty pounds and thirty pence (760.30) per week for work performed by the Consultant under this Agreement. Invoices will be submitted monthly on the 20th of each month by the consultant (M S M Muhsin) for payment by client (Alara Wholefoods Ltd). Payment is due within seven (7) business days from receipt of the Invoice (by one of the Directors). The invoice cannot be submitted if both Directors are away from the business, in which case will be submitted on a different day. The invoice should always be issued for the number of weeks worked only, without any advanced payments. If the Client has any valid reason for disputing any portion of the Invoice, the Client will notify the consultant within 7 days of the receipt of the Invoice by the client and if no such notification is given, the Invoice will be deemed valid. The portion of the Invoice that is not in dispute shall be paid in accordance with the procedures set forth herein. The Consultant is not eligible for any paid: holidays, bank holidays or sick pay. Payment Payment shall be made monthly seven days (7) business days from receipt of Invoice (by one of the Directors) directly in to Consultants Bank account by BACS, subject to the above conditions. Termination Either party may terminate this Consulting Contract at any time by giving the other party 15 days (15) prior written notice. In case of breach of contract by one party, the other party can terminate the contract instantly, without any notice. In case of gross misconduct committed by the Contractor, the company can terminate the contract without prior notice. Examples of gross misconduct:
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) theft, fraud, deliberate falsification of records fighting, verbal assault or threatening another person deliberate damage to organisational property serious incapability through alcohol or being under the influence of illegal drugs serious negligence which causes unacceptable loss, damage or injury items stated in the IT policy as gross misconduct serious act of insubordination unauthorised entry to records (computer or paper) refusal to carry out reasonable duties or instructions putting in jeopardy your or another person health breaking any of the H&S rules

RELAXATION OF TERMS No relaxation, indulgence, waiver or release by any party of any of the rights in terms of this agreement on one occasion shall prevent the subsequent enforcement of such rights and shall not be deemed to be a waiver of any subsequent breach of any of the terms. WHOLE AGREEMENT This agreement constitutes the entire understanding between the parties with regard to the subject matter thereof and the parties waive the right to rely on any alleged expressed or implied provision not contained herein. Any alteration to this agreement must be in writing and signed by both parties. The Consultant: ___________________________ The Client: _______________________________ Witness: __________________________________ Date:__________________ Date:__________________ Date:__________________