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<br />B. COMPENSATION <br /> <br />1. PORT agrees to pay to RWC the full cost of providing technology services as shown in this <br />Exhibit A, as the same may be amended from time to time by written agreement between <br />the Parties. <br /> <br />2. PORT and RWC acknowledge and agree that compensation paid by PORT to RWC under <br />this Agreement is based upon RWC's cost of providing the services required hereunder, <br />including salaries and benefits of employees. <br /> <br />3. PORT agrees to compensate RWC for Information Technology services. Direct external <br />costs such as external contractors and equipment purchases on behalf of PORT are borne <br />by PORT. Information Technology services costs include those expenses necessary to <br />administer this Agreement. RWC will provide these services for an hourly rate of $129.26 <br />during fiscal year 2008-2009 (July 1, 2008 to June 30, 2009). The hourly rate will be <br />adjusted on an annual fiscal year basis. <br /> <br />4. Remote support will be billed in fifteen (15) minute intervals. <br /> <br />5. Terms of Payment. RWC shall invoice in arrears on the first of each month in the amount <br />$387.78 (36 hours per year, times $129.26 per hour, divided by 12 months). <br /> <br />6. Charges for other services and special projects: Hours worked in excess of 36 hours <br />during the term of this agreement will be billed at $129.26 per hour for work performed <br />during normal business hours, and at 1.5 times $129.26 for work performed during all other <br />hours. <br /> <br />External vendor charges and equipment purchases will be paid directly by PORT or <br />reimbursed by PORT if paid by RWC, and shall be without RWC overhead fees. <br /> <br />7. End of year reconciliation: During July 2009, RWC will reconcile the previous fiscal year's <br />purchased hours (36) against the worked hours. RWC will invoice PORT for all worked and <br />non-invoiced hours, or refund PORT for all invoiced but non-worked hours. <br /> <br />8. Reporting: Each month RWC will submit to PORT a spreadsheet showing and recording <br />the hours worked to date, the name of the tech who worked the hours, and a brief <br />description of the work completed. <br /> <br />8 <br />