Compensation of the Consultant. For services rendered by the Consultant and Contractor pursuant to this Agreement the Company will pay the Consultant as follows: (a) Consulting fees of US$3,000 per month for the term of this Agreement, payable in arrears on the last business day of each calendar month commencing September 15, 2006. (b) A one time signing bonus cash payment of US$7,500, payable upon the day this Agreement is duly executed by all parties. After every calendar month, the Consultant and Contractor will provide the Company with a detailed invoice, itemizing the daily activities that were performed and the time incurred. Within five (5) business days of receiving the Consultant's monthly invoices, the Company will pay the Consultant the amount indicated on the invoice. If the Company disagrees with the amounts or descriptions indicated on the invoice, the Company will ask the Consultant to justify the amounts or descriptions. Payment will not be made until the Consultant has made the justifications.
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Sources: Consulting Agreement (Pure Biofuels Corp), Consulting Agreement (Pure Biofuels Corp)