Project Addendum Report

PROJECT ADDENDUM REPORT

Client Name:

Contractor Name:

Project Reference / Original Agreement Title:

Original Agreement Date:    Addendum Effective Date:

WHEREAS

WHEREAS, Client Name: and Contractor Name: entered into the Original Agreement referenced above for the provision of services and deliverables described therein on the Original Agreement Date: .

WHEREAS the parties desire to amend certain terms of the Original Agreement and document the additional work, schedule adjustments, and any related compensation changes in this Project Addendum Report subject to the terms and conditions that follow.

SCOPE OF WORK (ADDENDUM)

MODIFICATIONS SUMMARY

Modification Item 1

Impact on schedule (days):    Estimated additional cost:

Modification Item 2

Impact on schedule (days):    Estimated additional cost:

Modification Item 3

Impact on schedule (days):    Estimated additional cost:

Attachments included with this Addendum: Revised Schedule Cost Breakdown Revised Drawings/Specs

PAYMENT TERMS

Late payment charges: Client agrees that amounts unpaid after the applicable due date will accrue interest at a rate of % per month or a flat fee of , whichever is greater. Such charges are in addition to all other remedies available to Contractor at law or equity.

TERM AND TERMINATION

Commencement of Addendum Work Start Date:    Anticipated Completion / End Date:

Either party may terminate this Addendum for material breach of its terms by the other party upon provision of written notice and a cure period of days. Notwithstanding the foregoing, termination shall not relieve Client of obligation to pay for work performed and costs incurred prior to termination. Notice of termination must be provided in accordance with the notice provisions of the Original Agreement unless otherwise specified herein.

CONFIDENTIALITY

The parties acknowledge that each may disclose Confidential Information in connection with the performance of this Addendum. Confidential Information means non-public business, technical, financial, or other information that a reasonable person would understand to be confidential. Each party shall: (a) hold Confidential Information in strict confidence, (b) not disclose it to any third party except as permitted below, and (c) use it solely to perform obligations under this Addendum. Permitted disclosures include disclosures to officers, employees, consultants, and legal or financial advisors who have a need to know and who are bound to keep such information confidential. Notwithstanding the foregoing, information that is or becomes publicly available through no fault of the receiving party, already known to the receiving party without obligation of confidentiality, or independently developed by the receiving party shall not be treated as Confidential Information.

GOVERNING LAW

This Addendum shall be governed by and construed in accordance with the laws of the jurisdiction of without regard to its conflicts of law principles. The parties submit to the exclusive venue of the courts located in that jurisdiction for the resolution of disputes.

ENTIRE AGREEMENT & AMENDMENT

Except as expressly modified by this Addendum, all terms and conditions of the Original Agreement remain in full force and effect. This Addendum, together with the Original Agreement and any referenced attachments, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations, and discussions, whether oral or written. No amendment to this Addendum will be effective unless made in writing and signed by authorized representatives of both parties.

REPRESENTATIONS AND ACKNOWLEDGMENT

Each signatory below represents and warrants that they are duly authorized to execute this Addendum on behalf of the party for which they sign, that execution of this Addendum will not violate any other agreement to which such party is bound, and that the party has obtained all consents and approvals necessary to perform under this Addendum.

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