MIDCS’ fee for performing the services under this IASA will be a total amount of US$260,000, inclusive of expenses such as travel.
Owner will pay MIDCS a portion of the above payment in the amount of US$100,000 (the “Initial Installment”) within 10 days of the Effective Date to the bank account noted on the last page of this IASA. MIDCS will apply the Initial Installment to the services provided by MIDCS and to the expenses incurred by MIDCS in performing the services. If the Initial Installment has been fully applied (or is projected to be fully applied in the following month), MIDCS will notify Owner. Within 10 days of such notice, Owner will pay to MIDCS an additional installment in the amount of US$100,000 (“Additional Installment”). If any Additional Installment has been fully applied (or is projected to be fully applied in the following month), MIDCS will notify Owner and Owner will pay to MIDCS another Additional Installment within 10 days of each such notice.