The all inclusive cost of the 2009 season in Formula Two is a remarkable £195,000 + VAT. This includes everything except accident damage.

Payments will made according to the following schedule:

Contract signing	£25,000
January 1	£20,000
February 1	£20,000
March 1	£20,000
April 1	£20,000
May 1	£20,000
June 1	£20,000
July 1	£20,000
August 1	£20,000
September 1	£10,000

F2 will arrange and purchase accident damage insurance to meet the repair cost (subject to the excess set out below) of any damage caused to the car at an event or during testing. The cost in respect of the season is £25,000 + VAT (if applicable) and will be paid to F2 pursuant to the following schedule:

April 1	£12,500
July 1	£12,500

In the event of any damage being caused, the first £3,000 will be met by the driver.

In the event that any accident damage cannot be repaired at a test or event, the labour required to effect such repairs will be met by the driver, up to a maximum of £1,500 + VAT. No damage incurred during race two at any event will be repaired at the event.

In addition to the damage waiver, a £10,000 deposit will be required to F2 by no later than 1 April 2009. Any damage which occurs as a result of any deliberate or reckless driving shall be paid by the driver in full.