1. Terms of Payment Agreed between Hillingdon Borough Council and Matrix SCM Limited .

The Contractor shall submit an invoice to the LBH as specified in the contract or within 28 days of the completion of the Services quoting the Contract number where appropriate and the Purchase Order number.

LBH shall pay the contractor within 30 days of the receipt of a valid invoice, provided that the LBH is satisfied that the services for which the invoices relates have been fully performed in accordance with the contract.

Clauses as per Matrix novation agreement from Eden Brown contract

LBH shall pay all invoices within 28 days of receipt of invoice.

Where an invoice is paid within 7 days of receipt, LBH shall be entitled to a discount of 0.25%.

2. Schedule of Invoices and Payments between Matrix SCM Limited and Hillingdon Borough Council for the month of June 2010.

Please see table below

3. Average Payment Days from Receipt of Invoice by Hillingdon Borough Council and Payment to MATRIX SCM limited.

Please see table below

Question 2 and 3 Table

4. Balance of Monies due to Matrix SCM Limited at the 30th June 2010 (please include the age of any balance).

As of the 30th June 2010 LBH owed £301,911.09. No invoices were overdue as of 30th June 2010 and were paid within 8 days.

The London Borough of Hillingdon are currently making the necessary transitions from all "maverick" off contract spend with any non contracted suppliers of Professional, Technical and Administrative Agency Staff as so spend within these area's are filtered through to the correct agency contract. As such there will be no Pre-Matrix SME's providing any agency staff upon commencement of our new contract at this time.