Business RAPS Report

BUSINESS RAPS REPORT

Report Identification

Report ID:    Report Date:

WHEREAS Recitals

WHEREAS, Client Name: engages Provider Name: to prepare a RAPS report describing risk assessment, audit findings, performance indicators and recommended remedial measures; and

WHEREAS, the parties intend that this Business RAPS Report define the scope of assessment, the method of delivery, applicable fees, and the standard of confidentiality and governing law applicable to the services provided; and

WHEREAS, the Service Provider will rely on information and access provided by the Client to perform evaluations described in this Report and will document findings, conclusions and recommended actions consistent with professional standards and the terms below.

Scope of Work

RAPS Findings and Metrics

Overall Risk Rating: Low Medium High    Numerical Score:

Payment Terms

Total Fee Payable: .

Late Payment: In the event payment is not received within days after invoice due date, interest shall accrue at per month on the outstanding balance, and Provider may suspend services until all overdue amounts plus fees are paid. Provider may also charge a one-time administrative late fee of .

Term and Termination

Term Commencement: .    Term Expiration: .

Either party may terminate this engagement for convenience upon days' prior written notice. Provider may terminate immediately for Client's material breach where such breach is not cured within a commercially reasonable period following written notice. Termination does not relieve Client of obligation to pay for work performed through effective termination date.

Confidentiality

All non-public information disclosed by Client to Provider in connection with this engagement, whether oral, written or electronic, shall be treated as Confidential Information. Provider will not disclose such Confidential Information to third parties except as required by law or with Client's prior written consent. Provider shall use at least the same degree of care in protecting Client Confidential Information as Provider uses to protect its own confidential information, but in no event less than reasonable care.

Exceptions: Confidential Information does not include information that is or becomes publicly available through no wrongful act of Provider, or that is rightfully obtained from a third party not subject to confidentiality obligations.

Governing Law

This Report and any dispute arising out of or relating to it shall be governed by and construed in accordance with the laws of the State of , without regard to conflict of law principles.

Entire Agreement

This Business RAPS Report, including its recitals, schedules and any attachments expressly incorporated herein, constitutes the entire agreement between Client and Provider with respect to the subject matter described and supersedes all prior and contemporaneous understandings, proposals, representations and communications, whether written or oral. No amendment shall be effective unless in writing and signed by authorized representatives of both parties.

Attachments and Supporting Materials

Certification

The undersigned certifies that, to the best of their knowledge and belief, the information contained in this Business RAPS Report is accurate and complete as of the date of preparation, subject to the limitations and assumptions documented in the Scope of Work and attachments. The Provider warrants that the Report was prepared using reasonable professional care and practices consistent with industry standards.

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