THIS CONSULTING AGREEMENT (this
"Agreement") dated this 20th day of December, 2011
INC. 3rd Floor, 207 Regent Street, London W1B 3HH. UK.
OF THE FIRST
- AND -
JM TRADING CO
LTD. of 11 Deanway, Hove, E.Sussex, UK. BN3 6DG
OF THE SECOND
The Client is of the opinion that the Consultant has the necessary qualifications, experience and abilities to provide services
to the Client.
The Consultant is agreeable to providing such services to the Client on the terms and conditions set out in this Agreement.
IN CONSIDERATION OF the matters
described above and of the mutual benefits and obligations set forth in this Agreement, the receipt and sufficiency of which consideration
is hereby acknowledged, the parties to this Agreement agree as follows:
Subject only to the authority and direction
of the Board of Directors of Harmonic Energy Inc.(the "Board"), the Consultant, through its principal, Jamie Mann, shall
serve the Client and shall perform on behalf of the Client, and/or subsidiaries of the Client, such reasonable duties consistent
with the position of CEO as may from time to time be required or authorized by the Board, which duties, without restricting the
generality of the foregoing, shall include:
(a) the development, direction, co-ordination
and monitoring of the fundamental policies. Strategic goals, prioritize and targets of the Client and its subsidiaries in keeping
with their corporate objectives including management and supervision over and director of the operations of the Client and its
subsidiaries and all officers and Employees of the Client and its subsidiaries. The Consultant shall have responsibility for and
authority to conduct the day-to-day operations of the Client and its subsidiaries;
(b) general administration;
(c) overseeing accounting and personal
management for the Client and its subsidiary;
(d) fundraising; and
(e) generally using his best efforts
to promote the interests and goodwill of the Clients business.
The Consultant shall also have such
powers as may be usually exercised by a CEO and such further powers as may from time to time be conferred upon or a signed to
him by the Board. These duties and responsibilities may be varied by the Board from time to time.
The Client hereby agrees to engage the Consultant to provide the Client with professional services (the "Services")
summarized above. The Services will also include any other tasks which the parties may agree on from time to time. The Consultant
hereby agrees to provide such Services to the Client.
Term of Agreement
The term of this Agreement will begin on the date of this Agreement and will continue for a two (2) year period.
Except as otherwise provided in this Agreement, the obligations of the Consultant will terminate at the end of this Agreement.
The parties agree to do everything necessary to ensure that the terms of this Agreement take effect.
For the services rendered by the Consultant as required by this Agreement, the Client will pay to the Consultant fees totaling
USD $60000 per year. Payments will be made in equal installments of USD $5000 each calendar month on receipt of invoice. Fees are
exclusive of sales tax at prevailing rate if applicable. At the client’s expense, a car shall be made available to the consultant
for business and personal use. Fuel, insurance and servicing shall be at the clients cost.
Reimbursement of Expenses
The Consultant will be fully reimbursed for all expenses associated with the provision of the Services hereunder. This shall
include all travel of behalf of client, communications, IT services, IT hardware, subsistence, entertainment. The Consultant will
furnish receipts, invoices and documentation to the Client for all such expenses.
No late payment penalty will be charged if the Client does not comply with the rates, amounts or dates of pay provided in
Any attempt on the part of the Consultant to induce to leave the Client's engagement, or any effort by the Consultant to
interfere with the Client's relationship with its employees or other consultants would be harmful and damaging to the Client.
The Consultant agrees that during the term of this Agreement and for a period of 1 year after the termination of the Agreement,
the Consultant will not in any way directly or indirectly:
induce or attempt to induce any employee or other consultant of the Client to quit employment or retainer with the Client;
otherwise interfere with or disrupt the Client's relationship with its employees or other consultants;
discuss employment opportunities or provide information about competitive employment to any of the Client's employees or
other consultants; or
solicit, entice, or hire away any employee or other consultant of the Client.
Ownership of Materials
All IP, materials developed, produced, or in the process of being so under this Agreement, will be the property of the Client.
The use of the mentioned materials by the Client will not be restricted in any manner.
Return of Property
Upon the expiry or termination of this Agreement, the Consultant will return to the Client any property, documentation,
records, or confidential information which is the property of the Client.
The Consultant will not voluntarily or by operation of law assign or otherwise transfer its obligations under this Agreement
without the prior written consent of the Client.
It is expressly agreed that the Consultant is acting as an independent contractor and not as an employee in providing the
Services under this Agreement. The Consultant and the Client acknowledge that this Agreement does not create a partnership or joint
venture between them, and is exclusively a contract for service. The Consultant is free to consultant with any other individuals
or companies during the term of this agreement that are not associated with the Client.
Modification of Agreement
Any amendment or modification of this Agreement or additional obligation assumed by either party in connection with this
Agreement will only be binding if evidenced in writing signed by each party or an authorized representative of each party.
All notices, requests, demands or other communications required or permitted by the terms of this Agreement will be given
in writing and delivered to the parties of this Agreement as follows:
HARMONIC ENERGY INC.
3rd Floor, 207
JM TRADING COMPANY LTD
or to such other address as to which
any Party may from time to time notify the other.
Costs and Legal Expenses
In the event that legal action is brought to enforce or interpret any term of this Agreement, the prevailing party will
be entitled to recover, in addition to any other damages or award, all reasonable legal costs and fees associated with the action.
Time of the Essence
Time is of the essence in this Agreement. No extension or variation of this Agreement will operate as a waiver of this provision.
It is agreed that there is no representation, warranty, collateral agreement or condition affecting this Agreement except
as expressly provided in this Agreement.
It is the intention of both parties that any implied obligations referenced or defined in The Supply of Goods and Services
Act 1982 or The Sale of Goods Act 1979 as amended, are expressly excluded for the purposes of this Agreement.
Limitation of Liability
It is understood and agreed that the Consultant will have no liability to the Client or any other party for any loss or
damage (whether direct, indirect, or consequential) which may arise from the provision of the Services.
The Client will indemnify and hold the Consultant harmless from any claims against the Consultant by any other party, arising
directly or indirectly out of the provision of the Services by the Consultant.
This Agreement will enure to the benefit of and be binding on the parties and their respective heirs, executors, administrators,
successors and permitted assigns.
Except as otherwise provided in this Agreement, all monetary amounts referred to in this Agreement are in US Dollars
Third Party Rights
Third parties cannot benefit from this Agreement under The Contracts (Rights of Third Parties) Act 1999.
Headings are inserted for the convenience of the parties only and are not to be considered when interpreting this Agreement.
Words in the singular mean and include the plural and vice versa. Words in the masculine mean and include the feminine and
This Agreement will be construed in accordance with and governed by the laws of England and the parties submit to the exclusive
jurisdiction of the English Courts.
In the event a dispute arises out of or in connection with this Agreement the parties will attempt to resolve the dispute
through friendly consultation.
If the dispute is not resolved within a reasonable period then any or all outstanding issues may be submitted to mediation
in accordance with any statutory rules of mediation. If mediation is not successful in resolving the entire dispute or is unavailable,
any outstanding issues will be submitted to final and binding arbitration in accordance with the laws of the United Kingdom of
Great Britain and Northern Ireland. The arbitrator's award will be final, and judgment may be entered upon it by any court having
jurisdiction within the United Kingdom of Great Britain and Northern Ireland.
In the event that any of the provisions of this Agreement are held to be invalid or unenforceable in whole or in part, all
other provisions will nevertheless continue to be valid and enforceable with the invalid or unenforceable parts severed from the
remainder of this Agreement.
The waiver by either party of a breach, default, delay or omission of any of the provisions of this Agreement by the other
party will not be construed as a waiver of any subsequent breach of the same or other provisions.
IN WITNESS WHEREOF the parties have duly executed this Service Agreement this 20th day of Dec, 2011.
JM Trading Company Ltd
Per: /s/ Jamie Mann
Harmonic Energy Inc
Per: /s/ Jamie Mann