Agmt17 Smart Utility Systems, Inc.

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EXHIBIT "B" PRICING AND PAYMENT TERMS (1) Mandatory Fees and Pavment Terms Pursuant to the Agreement for Professional Services, the City shall pay Consultant the following: 5 Year Subscription - 15% Multi -Year Discount Applied Annual User Connections for Year 1 $29,325 Invoiced upon completion of (up to 25,500) Milestone 5 Annual User Connections for Year 2 $29,325 Invoiced upon first anniversary (up to 25,500) of Milestone 5 Annual User Connections for Year 3 $29,325 Invoiced upon second (up to 25,500) anniversary of Milestone 5 Annual User Connections for Year 4 $29,325 Invoiced upon third (up to 25,500) anniversary of Milestone 5 Annual User Connections for Year 5 $29,325 Invoiced upon fourth (up to 25,000) anniversary of Milestone 5 Customer Service Portal and Admin Included N/A Users Years 1 — 5 (15 Users) Annual Maintenance Fee Included N/A Years 1 — 5 One -Time Implementation Fee $19,550 Percentage (%) Invoice Date 25% Contract Signing 25% Completion of Milestone 1 30% Completion of Milestone 2 20% Completion of Milestone 3 Hosting Fee on Cloud Included N/A Years 1 — 5 GRAND TOTAL $166,175 Additional SCM utility customer licenses may be purchased in a 1,000 -user -subscription bundles at $1.35 per user per year. Additional Admin licenses can be purchased for $250 per user per year. Estimated Travel and Expenses: Expenses for onsite travel for the project team shall not to exceed more than 15% of the proposed Implementation Fee (Travel Expense estimate is $2,933). Consultant's team will seek prior approval from City for any travel related to the project. Expenses for travel, room, board, and other direct expenses will be submitted to the City for reimbursement at actual cost as incurred. Payment Schedule: Redwood City agrees to make all payments to Consultant within thirty (30) calendar days after receipt of invoice. Late invoices will incur a late payment fee of 1.5% or the maximum allowable under the law, whichever is less. If Redwood City account is sixty (60) days Page 22 of 38 ATTY/AGR/2017.104/SMART ENERGY SYSTEMS—CUSTOMER WATER USE PORTAL REV: 05-15-17 MI