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Consulting Agreement

This is an actual contract by Adrien Arpel.
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Sectors: Specialty Retail
Governing Law: New York, View New York State Laws
Effective Date: August 01, 1995
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THIS CONSULTING AGREEMENT ("Agreement") is entered into as of the 1st day of August 1995, by and between ALFIN, INC., a New York corporation ("Alfin") and CECE SA, a French corporation (the "Consultant").


Alfin desires to secure Consultant's participation in the business of Alfin providing the services of Jean Farat ("JF"), as a consultant and Consultant desires to provide such services.

NOW, THEREFORE, in consideration of these recitals and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Consulting Services. Subject to the terms and conditions stated herein, Alfin agrees to retain Consultant to render consulting services as an independent contractor and Consultant accepts such position. Consultant's consulting services shall relate to all aspects of the business of Alfin. Nevertheless, Consultant is not - and will not - be deemed responsible for the consequences of JF's work within Alfin.

Consultant shall cause JF to devote his business time and
2 - - -2-

efforts to performance of these consulting duties; provided, however, that Alfin recognized that JF will be present in the United States no more than 180 days in any calendar year and that JF and Consultant have other consulting commitments to clients.

2. Term. The term of Consultant's consulting services shall commence on the date hereof and continue on a month to month basis until Alfin or Consultant shall notify the other of its termination of this Agreement on no less than 90 days prior written notice.

3. Compensation. Compensation shall be an amount determined in accordance with the provisio
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