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<br />EXHIBIT V: PRO FORMA INVOICE <br /> <br />Date: <br /> <br />Client: <br /> <br />Address: <br /> <br />City, State: <br /> <br />Dear Sir/Madam: <br /> <br />This is our progress billing for professional services rendered in conjunction with our <br />agreement to conduct an executive search. <br /> <br />$XXXX.XX <br /> <br />Reimbursable expenses at cost: <br />Telephone, Federal Express <br /> <br />XXX.XX <br /> <br />Other expenses, including consultant travel, <br />per diem, report cost, etc. <br /> <br />XXX.XX <br /> <br />$XXXX.XX <br /> <br />TOT AL: <br /> <br />Payment is expected within 30 days from receipt ofthis invoice. Thank you for the <br />opportunity to work on this important assignment. <br /> <br />Sincerely yours, <br /> <br />THE MERCER GROUP, INC. <br /> <br />(SIGNA TURE) <br /> <br />James L. Mercer, President <br />Certified Management Consultant (CMC) <br /> <br />17 <br />