Business Administrative Report

Business Administrative Report

Report No.:     Report Date:

Parties and Recitals

Client Name:     Administrator Name:

WHEREAS, Client requires certain administrative, reporting and business support services in connection with its operations, including but not limited to records management, scheduling, vendor liaison, and monthly administrative reporting; and

WHEREAS, Administrator represents that it has the personnel, systems, and experience necessary to provide such services and agrees to prepare, deliver, and certify administrative reports in accordance with the terms set forth in this Report and associated engagement provisions;

WHEREAS, the parties desire to document the scope, payment, term, confidentiality and other material terms governing the Administrator's performance and the Client's acceptance of the administrative reporting deliverables.

Executive Summary

Scope of Work

The Administrator shall perform the administrative services and reporting activities described below and in any appendices attached to this Report. The services shall be delivered in accordance with standard professional practices and the timelines agreed herein.

Payment Terms

Compensation for the Administrator's services will be as set forth below. Invoices will be issued in accordance with the schedule and are payable in United States dollars unless otherwise agreed in writing.

Invoices not paid within 30 days of receipt shall bear interest and late fees as set forth above and Client shall also be responsible for reasonable collection costs, including attorneys' fees, to the extent permitted by law.

Term and Termination

This Report and the Administrator's obligations hereunder shall commence on the Start Date and continue through the End Date unless earlier terminated in accordance with this section.

Start Date:     End Date:

Confidentiality

Each party (the "Recipient") shall hold in strict confidence all Confidential Information disclosed by the other party (the "Discloser") and shall not disclose such information to third parties except as necessary to perform under this Report. "Confidential Information" includes non-public business, financial and operational information, reports, manuals and any materials marked or reasonably understood to be confidential.

The Recipient's obligations do not extend to information that (a) is or becomes generally available to the public other than by breach of this obligation; (b) is rightfully received from a third party without restriction; (c) is independently developed by the Recipient without use of Discloser's Confidential Information; or (d) is required to be disclosed by law or valid legal process, provided the Recipient gives prompt notice to the Discloser and cooperates in any lawful effort to limit or contest the disclosure.

Findings

Recommendations and Action Plan

Governing Law and Entire Agreement

This Report and any related engagement terms shall be governed by and construed in accordance with the laws of:

This Report constitutes the entire agreement between the parties with respect to the subject matter herein and supersedes all prior negotiations, proposals and understandings, whether written or oral. Any amendment or modification must be in writing and signed by authorized representatives of both parties.

Certification

The undersigned certify that the information contained in this Business Administrative Report is accurate and complete to the best of their knowledge, that services described herein were performed in accordance with the Scope of Work, and that all invoices submitted reflect true and correct charges for services rendered.

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