Consultancy Agreement. According to the terms of the Consultancy Agreement, attached hereto as Exhibit C, Clores shall be paid a consultancy fee in the amount of Twelve Thousand U.S. Dollars ($12,000) per month effective May 16, 2014. Effective October l, 2014, the consulting fees payable under the Consultancy Agreement shall not exceed $500 per hour for time actually spent by Clores on work approved by management of the Buyer.
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Samples: Patent and Trademark Office (Cloracks Corp), Patent and Trademark Office (Cloracks Corp), Patent and Trademark Office (Cloracks Corp)