The provider of practical business solutions was appointed a year ago and during this period, the makeup supplier accessed new retail channels, such as Tesco (LON:TSCO).
Paul Hagon, an executive director of Warpaint, is a member of Ward & Hagon.
The contract has a total annual value of £210,000, which will be paid with the group’s cash flows.
Ward & Hagon will be paid a commission of 3% on all sales generated from their introductions in the 12-month period from the point of first sale, and 4% on all sales generated from their introductions in the 12-month period thereafter.
The board said it believes these services represent value to shareholders through assisting the company to achieve its near-term objectives, such as expanding its retail channels in the UK and overseas.