Business AM Report

BUSINESS AM REPORT AGREEMENT

This Business AM Report Agreement (the "Agreement") is made effective as of Day: Month: Year: by and between Client Name: and Service Provider Name: .

WHEREAS

WHEREAS, Client is engaged in the operation of a business for which periodic asset management, operational review and reporting ("AM Report") services are required to document performance, risks and recommended remedial actions; and

WHEREAS, Service Provider possesses the expertise, personnel and systems necessary to prepare and deliver AM Reports and related advisory services in accordance with industry standards; and

NOW, THEREFORE, in consideration of the mutual covenants set forth herein, the parties agree as follows.

SCOPE OF WORK

Service Provider shall perform the services described below and in any attachments incorporated into this Agreement. The deliverables will include data review, risk assessment, summary findings and written recommendations as set out in the Scope of Work.

PAYMENT TERMS

Client shall pay Service Provider for services rendered under this Agreement in accordance with the following terms.

Late payments shall bear interest at the lesser of (i) the rate of % per month or (ii) the maximum rate permitted by law. Service Provider may suspend services if invoices remain unpaid for more than days after the invoice date.

Reimbursable expenses shall be billed separately and supported by receipts. Client: Agrees to reimburse reasonable out-of-pocket expenses.

TERM AND TERMINATION

This Agreement commences on the Start Date set forth below and will continue until the End Date unless earlier terminated in accordance with this section.

Start Date: Day: Month: Year:

End Date: Day: Month: Year:

Either party may terminate this Agreement for material breach that remains uncured for the notice period specified above. Termination shall not relieve Client of its obligation to pay for services performed and expenses incurred through the effective date of termination.

CONFIDENTIALITY

Each party acknowledges that it may receive confidential information of the other party. "Confidential Information" includes non-public business information, reports, financial data and any AM Report deliverables. Each party agrees to: (a) use Confidential Information solely to perform its obligations under this Agreement; (b) restrict disclosure to employees and agents who have a need to know and are bound to confidentiality obligations at least as protective as those herein; and (c) take reasonable measures to protect Confidential Information from unauthorized disclosure.

Confidential Information does not include information that is: (i) publicly known other than by breach of this Agreement; (ii) rightfully received from a third party without an obligation of confidentiality; or (iii) independently developed without use of the disclosing party's Confidential Information.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of laws principles.

ENTIRE AGREEMENT

This Agreement, together with any attachments or purchase orders expressly incorporated by reference, constitutes the entire agreement between the parties relating to the subject matter hereof and supersedes all prior agreements, understandings and representations, whether written or oral. No amendment shall be effective unless in writing and signed by both parties.

AM REPORT DETAILS

Report Period Start: Day: Month: Year:

Report Period End: Day: Month: Year:

Material Risks Identified: Yes No

Certification: By checking the box below, the signatory certifies that the information contained in this AM Report is true and accurate to the best of their knowledge and that they are authorized to execute this Agreement.

I certify under penalty of perjury that the foregoing is true and correct.

Sign Now