Financing Bonus — Level One

Financing Bonus — Level One. A lump sum cash payment equal to two (2) months of Employee's base salary, paid to Employee in two equal installments, the first being paid on the later of June 30, 2006 or the Financing Transaction — Level One closing date, and the second being paid on December 31, 2006. For the avoidance of doubt, a Financing Bonus — Level One can be paid only once.