Auspex Infotech Inc.

STATEMENT OF GENERAL TERMS & CONDITIONS 1. Fee Structure All kind of coding whether it is HTML fixes, Scripting, any Database kind of changes or Graphics changes, the hourly rate will be 9$ to 10$ per hour (depends on per task basis). Hourly rates will be adjusted semi-annually to reflect changes in the cost-of-living index as published. If overtime (expedited work in case of emergency and need it right now) is required, the one-half of regular hourly rate is charged at direct cost to the project. Unless otherwise stated, any cost estimate presented in a proposal is for budgetary purposes only, and is not a fixed price. The client will be notified through an invoice or email when a payment date is reached. 2. Maintenance Cost: a. Fix for issues out of current release task: In this scenario, no additional cost will be incurred as this cost is on us, provided the fix is within the specified task list. The changes should be notified to us within 2 weeks of the release unless and otherwise noted separately with a different time limit at the commencement of the task. b. New requirement or additional requirement: If we have a additional requirement then a new task list will be prepared which will be worked on based on the fee structure mentioned in the point 1 above. c. Annual Contract: Annual maintenance contract will not follow the fee structure mentioned in point 1 above. A separate agreement will be laid with a monthly payout fee before the commencement of actual maintenance. 3. Payment: All payments will be paid no later than 15 days of the invoice date or on or before the release date of the corresponding deliverables stated in the project plan document.