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EXHIBIT B MANAGER COMPENSATION <br />During the Term of this Agreement, Manager shall receive compensation from the <br />Owner subject to annual appropriation according to the following: <br />1.Base Management Fee <br />2.Reimbursable Expenses <br />1.Base Management Fee. Beginning and continuing thereafter on the first <br />day of each month throughout the remainder of the Term, Owner shall pay a monthly <br />fee to Manager (the “Base Management Fee”) in equal monthly installments of <br />_________________ per month. Each installment will be due and payable on the first day <br />of each successive month. The Base Management Fee shall not exceed <br />___________________ per Fiscal Year. <br />2.Reimbursable Expenses. Manager shall be reimbursed for activities such as_______________________________ directly related to the Management Services described in Exhibit A, provided however, that Manager received prior written approval of the Owner prior to engaging in such activities. All such reimbursement will be based on verified receipts to be furnished by Manager to the Owner. Such expenses may include but are not limited to ___________________. All fees and reimbursements should be paid to Manager within thirty (30) calendar days of invoicing. Reimbursable Expenses shall not exceed ________________________ per Fiscal Year. Reimbursable Expenses are limited to Manager’s expenditures for: <br />(a) … <br />(b) … <br />(c) … <br />(d) … <br />Docusign Envelope ID: 177AA06A-30B4-42FF-A85A-78B5A7C51DBE