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DocuSign Envelope ID: D93BEE01-D3BF-4597-9CF0-B74BF9E42FFB JUSTINPHUMEDIA Proposal by Justin Phu Media", by the client. The estimate includes, but is not limited to, expenses for the following items: all pre -production, production, and post -production costs, equipment, contractors, transportation, location, as well as usage as defined in Section 4 below. 3.1 In accepting the estimate, and in consideration of Producer's services in connection with the Video, Client hereby agrees to pay Producer 50% of the estimate price, or $14,200.00 before production begins upon receipt of the respective invoice(s) and according to the terms therein. The next payment of $7,100.00 will be due NET 10 days after filming production is concluded. The remaining payment of $7,100.00 USD is payable NET 30 upon delivery of Final Invoice once the final cut of the recruitment video is approved. 3.2 Notwithstanding the foregoing, Producer will be paid for any additional production expenses incurred, including but not limited to costs relating to insurance, equipment, contractors, transportation, location etc. if Client delays the production. If client chooses to defer paying any amount beyond the date on which it is due, the Client may be charged a late fee of $150 per day after 30 business days of deferred payment. Client acknowledges and accepts the presence of a Contingency Fund, as outlined in the proposal, with a budget of $2,500.00. This Contingency Fund serves as a precautionary measure to address unforeseen circumstances and additional services that may arise after the contract is executed. Access to the Contingency Fund shall only occur with the mutual written consent of all parties involved, should the need for unforeseen services, such as overtime fees, permitting and insurance complications, or additional editing, arise during the course of the project. The Contingency Fund is not included in the initial total sum of the video project fees and will only be activated upon unanimous agreement 3.3 Producer will be paid for any additional production expenses incurred as it relates to overtime including but not limited to costs relating to location, contractors, equipment, transportation, insurance etc. Overtime is based on a 10-hour production day including but not limited to work performed on and off set and during the production process in addition to work performed on weekends and holidays. Overtime costs are an additional $1,500 per hour after 10-hours of any production day. Post Production Editing is not susceptible to overtime charges. If additional editing hours are needed, it will be charged at the regular rate of $150 per hour. 3.4 If Client cancels the production of the Video according to Section 7 below, Client shall pay to Producer any costs reasonably incurred by Producer prior to the cancellation of the Video within five (5) days after invoice, provided Producer provides Client proof of such costs (e.g. invoices, etc.). If notice of cancellation/postponement is given more than halfway through the production schedule of the job, that is between the award or start date and the final delivery date, whichever comes first, the Client will be liable to the Producer for the cost incurred. If the job is canceled or postponed within the guideline 5 INITIALS: ��2