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Page 3 of 3 <br /> SRM Est . 06-0087R1 <br /> August 3 , 2006 <br /> Delivery Schedule <br /> The digital mapping will be delivered 4 weeks after receipt of acceptable ground control <br /> surveys , or completion of the aerial photography , whichever is the later . <br /> SRM looks forward to working with the Arcadis on this project. If this proposal letter is <br /> acceptable , please have an authorized representative sign the acceptance block below. If it is <br /> not, please inform SRM of your desired revisions so that a revised proposal may be presented <br /> to you . <br /> Payment Terms <br /> SRM will invoice monthly in accordance with percent complete . Payment terms are 30 days . <br /> SRM reserves the right to charge 1 . 5% per month ( 18% per annum ) on all past due accounts . <br /> Authorization <br /> If this proposal letter is acceptable, please have an authorized representative sign the <br /> acceptance block below. If it is not , please inform SRM of your desired revisions so that a <br /> revised proposal may be presented to you . <br /> Sincerely, <br /> Southern Resource Mapping <br /> Joseph Ricke , PSM <br /> FIRM NAME AND TITLE <br /> SIGNATURE DATE <br />