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2) Invoices submitted for work completed shall be paid within 30 days of receipt. A finance charge of 1.500% per month or an annual percentage rate of 18.00% will be computed on all past due balances. 3) Any incidental activity not explicitly mentioned in this proposal is excluded from the scope of work. 4) This proposal shall be valid for 30 days. Either party may cancel this contract with 30 -day written notice. This agreement automatically renews upon anniversary of execution date, unless notice is given by either party, with at least 30 days written notice. 5) GKE and subcontractor will maintain insurance coverage, which includes but is not limited to: General Liability, Property Damage, Automobile Liability, and Workman's Compensation, at its own expense. 6) No alterations, oral or written, of the terms contained above shall be valid unless made in writing and wholly accepted by authorized representatives of GKE. GKE FEES / COMPENSATION Invoices will be submitted following work completed. Invoices are payable within 45 days of date of invoice(s). Any additional work outside the above scope will be invoiced per GKE hourly rates as approved by IRC continuing contract or agreed upon lump sum. GKE hourly rates (2020/2021) are $150.00 / hour for Principal Ecologist and $45.00 / hour for administrative / staff assistance, and if needed $85.00 / hour for CAD operator and $75.00 / hour for field biologist / chemist / field assistant, and $55.00 per hour for field assistant. If additional related work beyond the above scope is required, an additional proposal will be provided. Your endorsement below will serve as agreement by client to compensate G. K. Environmental, Inc. for services rendered in connection with this agreement within thirty (30) days of date of invoice(s). Page 3 of 4 McCully / Proposal / Osprey Acres: Flow Way & Shallow Marsh 11-3-20