2. Compensation for Services

Accountant shall be compensated based upon the following schedule of fees:

Description

Base monthly fee	$________________.
Postage	At cost
Copies (single sided) and inserts	$.25 each
New property set up	$________________.
New unit set up (After sale of unit)	$50.00 each
Filing of forms with the California Secretary of State:	$50.00 each

Escrow Demand Services (sales and refinance loans): Accountant shall charge the parties to any sale or loan escrow a standard/customary fee which shall be the same for all clients of Accountant.

Additional accounting fee for special assessments: $100.00 one time fee up to 50 units, $150.00 one time fee for 51-100 units, and $200.00 for 101 units or more. Accountant shall open a checking account in the name of the Association at a bank of Accountant's choice and shall charge a fee of $25.00 for any NSF checks received. Accountant shall pay all bank service fees.

If the accounting records turned over to Accountant are out of balance or otherwise include errors that must be corrected, Accountant will estimate the time and cost to make the needed adjusting entries and will promptly provide a written estimate to Client. Upon approval, Accountant will make the adjusting entries and will invoice Client.

3. Billing for Services

Accountant shall provide Client with a monthly invoice for services provided. Generally, invoices will be sent to Client during the first week of each calendar month covering the prior calendar month. Invoices are to be paid in full within 10 calendar days after the delivery of each invoice.

4. Discharge and Withdrawal

Client may discharge Accountant upon 60 days advance written notice. Such discharge does not relieve Client of the obligation to pay for any services provided. Accountant may withdraw from providing services for any reason upon 60 days advance written notice. In the event of discharge or withdrawal, Client shall reimburse Accountant for the costs of duplicating any file materials provided to Client.

5. Disputes

If any suit is instituted concerning or arising out of this Agreement, each party shall pay all of such party's costs, including without limitation, the court costs and attorneys' fees incurred in each and every action, suit or proceeding, including any and all appeals or petitions therefrom. Any suit filed shall be in Los Angeles County. Venue shall be the court closest to Accountants' office.

I have read and understand the foregoing terms and agree to them. By signing this Agreement, I acknowledge receipt of a fully executed duplicate of this Agreement.