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B. Incentive Based Development Fee In addition to the administrative compensation received for development management services,. Landform shall receive additional incentive-based compensation for development management services based upon success in advancing the development. For the purposes of this Agreement, it is assumed that the disposition of various land parcels may occur in any of three ways: Sale or Lease, Public- Private Partnership (P3), or Owner Self-Developed. Landform shall solicit the interest of various prospective end-users, to include individual entities, corporations, developers, and/or development partners. Landform will coordinate the efforts of all team members to provide a uniform front to the development community, and assist in the evaluation, consideration, negotiations, and deal structuring on any disposition of land within the development area. Compensation under this section will be paid on all transactions regardless of origin or referral source. Meeting update reports documenting marketing progress shall be presented to the Owner on a regular basis. 2. The incentive-based development fee shall be two percent (2..00%) of the total capital cost of the end use of the parcel or property sold ar developed. The estimated value for this calculation will include all hard and soft costs of the proposed project including, but not limited to, land, building, site improvements, fees, financing costs, and brokerage fees. The incentive based fee will be payable at the following stages of the development: a) On a monthly basis, Landform shall receive a draw on future incentive comp~sation in the amount of $10,000/monthly. Such draws shall be reimbursed from the proceeds of the incentive compensation when earned, and shall be considered minimum compensation for this contract component. Monthly draws shall terminate once total compensation under this section reaches $100,000. b) Upon the execution of a lease, purchase agreement, or development agreement, Landform shall receive 30% of the total development fee. c) Upon closing of the transaction, or occupancy under a lease, Landform shall receive 60% of the total development fee. d) Follow~g project design, permitting and construction, and upon opening of the development to the public (Grand Opening), Landform shall receive a final payment of 10% of the total development fee. 3. Incentive fees shall be due on any public or private development deals located within the 140 acre development, that close or break ground after March 1, 2010. In the event of the termination of this agreement, regardless of cause, any incentive compensation on active deals that have been declared prior to termination shall become payable in full at the time of it's eventual closing.