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r... ~_ _.__ ~_ __ <br />CFbi-06051 <br />Remcor. Inc. <br />ant to this <br />attorneys in <br />product. <br />understands and agrees that the work performed puzau- <br />Agreement is performed for CFiI Steel Corporation's <br />anticipation of litigation and is attorney work <br />REtdCOR, INC. <br />PROPESSIONAL SERVICES ACRSEKII~IT <br />Remcor, Inc. (Remcor) offers to perform for CFiI Steel Corporation <br />(Client) the professional services (Services) described in the pro- <br />posal for Fzoject No. 91187PR, incorporated herein by reference. <br />attached to, and made a part hereof (Project), under the terms and <br />conditions set forth below. Unless otherwise specified in Remcor's <br />proposal, this of:e: o: Services remains valid for a period of 45 <br />days from the date of reissuing the proposal. Extensions to this <br />period can only be made in writing by an 8uthorized Remcor <br />representative. <br />1. FEES FOR SERVICES <br />Re:ccor will perform the Services described in the propesal for <br />Project No. 91187PR for the lusp sum aaount of 586,200.00. <br />2. INVOICES A.4~ PAi'kEA^S <br />Unless a payment schedale is specified ir, the proposal or the <br />bankruptcy coLrt ir. Client's Chapter 11 reorganization cases orders <br />a di;ferent r.ethcd of pay.yent, invoices will be sub.-~itted once e <br />month with pa}~.ent d::e upon receipt of invoice. Fayment 'is to be <br />made in U.S. Dollars. A one and one-halt percent (1-1/2T~) per <br />month service c::azge will be added to all accounts not paid within <br />thirty (34) Ca;'s from the date of the invoice with payments there- <br />after to be applied first to accrued interest and then to t::e prin- <br />cipal unpaid ar,cunt. Client is obligated to make full payment of <br />all mounts invoiced. Client shall have T.0 right to withhold or <br />setoff against any portion ~of any payment due Remcor under any <br />invoice for any reason.. <br />3. SUSFENSION OF SERVICES <br />Timely payment is a substantial condition of Client't performance <br />of its agree=ent between Re;acor and Client and is of the essence of <br />this Agreement. I£ payment of invoices byp Client is not r,.aintained <br />o~ a current basis. Remcor may, by ten (10) days' written notice to <br />Client, suspend its performanoe of 6ervicQS until such payment it <br />restored to a current basis. In the event a suspension for any <br />reason exceeds twenty (20) days, Remcor may, at its option, immedi- <br />ately terminate this Agreement ~+ith no further notice to Client. <br />~XHIE:IT <br />