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6. BILLING <br /> All fees to launch the site, host and maintain for the first year are due at the beginning of <br /> the contract. Annual server, maintenance and admin access fees for 2012 and 2013 will <br /> be billed to CVB on the yearly anniversary of the launch date, July 1, 2011, with payment <br /> due upon receipt. Payment is expected in full. <br /> Payment Due Amount <br /> August 1, 2011 $2,500 (setup fee, one-time payment) <br /> August 1, 2011 $3,000 <br /> August 1, 2012 $3,000 <br /> August 1, 2013 $3,000 <br /> A. Agreement to Pay <br /> CVB agrees to pay properly submitted Company invoices within 30 days of <br /> receipt. <br /> B. Overdue Accounts <br /> All past due accounts are subject to a late charge of 1-1/2% per month after 45 <br /> days from the original invoice date. After that date the account will be suspended <br /> and the site turned off until payment is made. <br /> C. Files/Records <br /> All databases, files and records are the property of Company and can be <br /> accessed only through written permission of Company. <br /> (SIGNATURE PAGE TO FOLLOW) <br /> I <br /> PURSUIT OF HAPPINESS,LLC <br /> 2007 YANCEYVILLE STREET,SUITE 3322,BOX 38,GREENSBORO,NC 27405 4 <br /> 336.643.0387 <br />