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6.1.F. - Page 13 <br /> EXHIBIT "B" <br /> METHOD OF PAYMENT <br /> Budqet Breakdown: <br /> FY 2011-2012 $50,000 <br /> FY 2012-2013 $60,000 <br /> Total for two years $110,000 <br /> YLI will provide detailed invoices, with evidence of progress in achieving defined <br /> deliverables when requesting payment. <br /> The contract will be paid in two installments: <br /> • First installment to be invoiced by April 16, 2012 <br /> • Second installment to be invoiced by June 15, 2012 <br /> • Third installment to be invoiced by March 1, 2013 <br /> • Final installment to be invoice at the end of the grant period (June 30, 2013) <br /> GRANT REPORTING <br /> YLI will submit a written summary of services provided under this agreement at the time <br /> each invoice for payment is submitted. <br /> YLI will provide RWC 2020 with monthly written updates on progress toward the defined <br /> goals of the project <br /> ATTY/AGR/2012.088/AGREEMENT BTWN RWC&YOUTH LEADERSHIP INSITUTE <br /> REV:07-02-12 PT Page 11 of 11 <br />