Fill and Sign the Prepared and Filed by St Ives Financial Form

Unconditional Waiver and Release Upon Progress Payment Page 1 of 2This Instrument Prepared By:Name __________________________Address ____________________________________________________ UNCONDITIONAL WAIVER AND RELEASE UPON PROGRESS PAYMENT (25 Del. Code § 2706) The undersigned, __________________________________ , has been paid and has received a progress payment in the sum of $______________________ for labor or services performed or equipment or materials supplied to _____________________________________(Your ________________________________ (sub-contractor, agent) on the job of __________________________________ (Contractor or General Contractor) located at the (Customer’s) (Owner’s) property located at _____________________________________________________________________________, in the City of ___________________, County of _________________, State of Delaware, and does hereby waive and release any right to a mechanic’s lien, stop notice, or any right against a labor and material bond on the job to the following extent. This release covers a progress payment for labor or services performed or equipment or materials supplied to ____________________________, your customer, through the _____ day of _______________, 20_____ only and does not cover any retentions retained before or after the release date; extras furnished before the release date for which payment has not been received; extras or items furnished after the release date. Rights based upon work performed or items furnished under a written change order which has been fully executed by the parties prior to the release date are covered by this release unless specifically reserved by the claimant in this release. This release of any mechanic’s lien, stop notice, or any right shall not otherwise affect the contract rights, including rights between parties to the contract based upon a rescission, abandonment, or breach of the contract, or the right of the undersigned to recover compensation for performed labor or services or supplied equipment or materials covered by this release if that performed labor or services or supplied equipment or materials was not compensated by the progress payment. Dated this the _____ day of _________________, _____. ____________________________________________ (Company Name) By _________________________________________Print/Type Name ______________________________Title ________________________________________ Unconditional Waiver and Release Upon Progress Payment Page 2 of 2 NOTICE THIS DOCUMENT WAIVES RIGHTS UNCONDITIONALLY AND STATES THAT YOU HAVE BEEN PAID FOR GIVING UP THOSE RIGHTS. THIS DOCUMENT IS ENFORCEABLE AGAINST YOU IF YOU SIGN IT, EVEN IF YOU HAVE NOT BEEN PAID.