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<br />. . <br /> <br />.. <br /> <br />. <br /> <br />,. <br /> <br />. <br /> <br />. <br /> <br />Payment for Services: <br /> <br />17. <br /> <br />For the services to be performed. the Agency would agree <br />to pay Consultant the following fees at the times and <br />subject to the conditions as specified: <br /> <br />(b) <br /> <br />(c) <br /> <br />(d) <br /> <br />(a) <br /> <br />For those services to be performed under Paragraphs 1 <br />through 6 hereof, the sum of Thirty Five ($35.00) <br />Dollars per hour for consultants' time actually expended <br />on consulting services provided to the Agency (including <br />travel time between Consultant's San Francisco or Los <br />Angeles offices and Agency), to become due and payable <br />upon submission by Consultant of an invoice not more <br />often than once each calendar month, nor no less often <br />than once each six (6) calendar months, Consultant's <br />aggregate fee under this Paragraph 17(a) shall not <br />exceed the sum of Seven Thousand ($7,000.00) Dollars <br />unless authorized in writing by Agency. Any fees paid <br />Consultant under this Paragraph 17(a) shall be deducted <br />from any fees due Consultant under Paragraph 17(b) below. <br /> <br />For those services to be performed under Paragraphs 5 <br />through 16 hereof, a fee in an amount equal to: <br /> <br />(1) <br /> <br />The sum in an amount equal to one percent (1%) <br />of the first One Million ($1,000,000.00) Dollars <br />of financing achieved, plus <br /> <br />The sum in an amount equal to one-half percent <br />(1/2%) of the next One Million ($1,000,000.00) <br />Dollars of financing achieved, plus <br /> <br />(11 ) <br /> <br />(ii1) <br /> <br />The sum in an amount equal to one~quarter of one <br />percent (1/4%) of all financing in excess of <br />Two Million ($2,000,000.00) Dollars <br /> <br />It is understood and agreed that the fee scheduled speci- <br />fied under Pa~agraph 17(b) shall be applied cumulatively <br />to the aggregate amount of indebtedness incurred by Agency <br />regardless of the number of separate issues of securities, <br />provided that the minimum fee due Consultant for each <br />individual sale of securities shall be Twelve Thousand <br />Five Hundred ($12,500.00) Dollars. '. <br /> <br />It would be further. understood and agreed that Consultant's <br />fees under Paragraph 17(b) will become due and payable <br />only when and if the necessary financing is obtained and <br />accepted by the Agency. <br /> <br />-6- <br /> <br />. . <br />