Fees Payable to Provider. As compensation for the Services, Recipient will reimburse Provider for all labor and office expenses incurred by Provider in support of Recipient under this Agreement, including: employee salary and benefits, office rental and utility expenses, mailing expense and travel expenses. In addition, Recipient shall pay Provider a fee for its services equal to six percent (6%) of its expenses (“Service Fee”). Provider may, no greater than monthly, request Recipient to advance funds for certain reasonable expenses and Recipient hereby agrees to consent to such reasonable requests. Provider shall provide Recipient with a monthly statement of all of the expenses Provider incurred in support of Recipient under this Agreement, plus Provider’s Service Fee, which aggregate amount shall be set off by any advance of funds. Recipient shall pay that amount within fifteen (15) days after receipt of a monthly statement from the Provider. The Provider shall maintain and make available to Recipient, at its reasonable request, documentation of all employment contracts, and other office expenses.
Fees Payable to Provider. Recipient will compensate provider for any approved expenses incurred by Provider in support of Recipient under this Agreement. Recipient must receive written approval for any and all expenses in which it seeks to be reimbursed. Written approval via email is sufficient. As compensation for the business development services, Recipient shall pay the Provider a success fee of either; (A) Twenty percent (20%) of the gross revenue of each qualified contract value or (B) Twenty percent (20%) of the net profit of each qualified contract that was introduced to the Recipient. The determination of success fee compensation model will be determined and agreed to by both the provider and the recipient and designated as such on the monthly report the Recipient delivers to the Provider. The Provider will have the option of converting outstanding success fee’s into additional shares at a Ten percent (10%) discount to the market as long as such discount is in compliance with CSE rules and regulations relating to stock issuance discounts. Recipient will deliver Provider with an accounting of revenue and profits generated and received from qualified projects 45 days after the end of the fiscal quarter. Recipient agrees to pay all outstanding success fees owed to the provider within 60 days of the following quarterly period provided the fees have been received by the recipient in the prior quarter. The Provider shall deliver to Recipient a monthly report of all “Introductions” or within 30 days’ notice from recipient.
Fees Payable to Provider. As compensation for the Services, Recipient will reimburse Provider for all labor and other employment expenses incurred by Provider in support of Recipient under this Agreement, including: base salary; bonus; home office expenses; medical insurance for each employee, spouse, and minor children; and, travel expenses. In addition, Recipient shall pay Provider a fee for its services equal to five percent (5%) of its base salary expense (“Service Fee”). Provider may, no greater than monthly, request Recipient to advance funds for certain reasonable expenses and Recipient hereby agrees to consent to such reasonable requests. Provider shall provide Recipient with a quarterly statement of all of the expenses Provider incurred in support of Recipient under this Agreement, plus Provider’s Service Fee, which aggregate amount shall be set off by any advance of funds. Recipient shall pay that amount within fifteen (15) days after receipt of a quarterly statement from the Provider. The Provider shall maintain and make available to Recipient, at its reasonable request, documentation of all employment contracts, bonus obligations, and other employee and overhead expenses.
