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4. Fees and Payment Terms. <br /> a. CLIENT shall pay VENDOR fees for services and tasks performed by VENDOR in <br /> accordance with the rates and fixed amounts in SOW. The method of payment will be <br /> specified in each SOW and may be either (a) an hourly based agreement which includes the <br /> Billing Rates set forth in SOW multiplied by hours worked by each employee set forth in <br /> SOW who performs work for the Project plus Reimbursable Expenses, or (b) a Fixed <br /> Lump Sum that does not exceed an estimate of the total of all the payment categories set <br /> forth in (a) when added together. <br /> b. Payment will be made to VENDOR within 30 days from the date of receipt of the invoice. <br /> VENDOR shall submit to CLIENT an invoice for the services performed under the SOW <br /> and for actual Reimbursable Expenses incurred. <br /> c. Except as otherwise provided in the Statement of Work, CLIENT shall make payment of <br /> the fees for fixed lump sum/not-to-exceed services on the basis of monthly invoices <br /> submitted by VENDOR and approved by CLIENT. <br /> d. The invoices for services rendered on an hourly-based agreement must include all of the <br /> following: <br /> i. A detailed description of the work performed. <br /> ii. The Billing Rate and number of hours worked for each of VENDOR's employees <br /> who worked on each SOW during the invoice period. Documentation must include <br /> employee name, Billing Rate, and hours expended. At CLIENT sole discretion, <br /> supporting documentation may also include copies of original time sheets that <br /> VENDOR certifies are true and accurate copies. <br /> iii. Itemized Reimbursable Expenses (if applicable). <br /> e. Each invoice must be submitted on Bi-weekly basis for work accomplished in the preceding <br /> weeks. With each invoice and for each active SOW, VENDOR shall submit a monthly <br /> status report, including but not limited to, a narrative of the services performed in the <br /> preceding month, and a list of the planned activities for the following month. <br /> f. CLIENT is exempt from payment of Federal Excise and Transportation Tax and Texas <br /> Limited Sales and Use Tax. Invoices to CLIENT must not contain assessments of any of <br /> these taxes. If requested, the CLIENT will furnish CLIENT's exemption certificate and <br /> federal tax identification number to VENDOR. <br /> 5. Changes in Statement of Work. CLIENT may at any time change the scope of the tasks and <br /> services set forth in a SOW upon notice to VENDOR specifying the desired modifications to <br /> the same degree of specificity as in the original SOW. Upon receipt of a change notice from <br /> CLIENT, VENDOR shall inform CLIENT in writing if such change would result in additional <br /> costs to CLIENT or a change in the implementation schedule for the services to be performed, <br /> giving the details thereof. Such change in scope of the tasks and services shall be subject to <br /> VENDOR approval; which approval shall not be unnecessarily withheld. The performance of <br /> L IARIESPRO <br /> Master Service Agreement Page 5 <br />