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3 <br /> EXHIBIT B <br /> SCHEDULE OF PAYMENTS <br /> Pettelle shall be paid as follows, provided that the maximum payment shall not exceed$45,000. Pettelle <br /> shall be responsible for payment of all applicable local, state and federal taxes.Pettelle shall provide all <br /> labor and materials necessary to produce and complete the Statue and be responsible for delivery, <br /> installation and documentation of Statue. <br /> • $10,000(Ten Thousand U.S. Dollars)upon receipt of invoice for conceptualization, research and <br /> preliminary work, including design and clay maquette development. <br /> • $26,000(Twenty six Thousand U.S.Dollars)upon receipt of documentary photographs showing <br /> Statue at 60%completion stage.Cultural Commission staff will determine if Statue is 60%complete <br /> by comparing documentary photographs with slides of similar completed work submitted by Pettelle in <br /> the call-for-Pettelles application. <br /> • $9,000(Nine Thousand U.S. Dollars)upon completion of fabrication and installation, receipt of <br /> support materials, and final acceptance of Statue. <br /> i0 <br />