Project Update Notice

PROJECT UPDATE NOTICE

Recitals

WHEREAS, Client Name: and Contractor Name: entered into a written agreement identified as Contract Number: dated Original Agreement Date: (the "Original Agreement");

WHEREAS, the parties desire to document a Project Update for Project Name: , identified as Update Number: , with an Effective Date of this Update: ;

NOW, THEREFORE, in consideration of the mutual covenants contained in this Project Update Notice, the parties agree as follows.

Summary of Update

Provide a concise summary describing the change(s) to the Original Agreement, including the reason for the update and the primary effect on scope, schedule, or budget.

Scope of Work (Revised)

Describe the revised or additional tasks, deliverables, and responsibilities to be performed under the Original Agreement as modified by this Update.

Schedule Impact

State the effect of this Update on the project schedule, including any extension of milestones or completion date.

New Anticipated Completion Date:

Payment Terms

The compensation adjustments, if any, resulting from this Update are set forth below. All payments are subject to the invoicing and payment procedures in the Original Agreement except as expressly modified here.

Term and Termination

Except as expressly modified by this Update, all other dates and termination rights under the Original Agreement remain in effect. This Update shall commence on Start Date: and, unless earlier terminated in accordance with the Original Agreement, shall remain in effect until End Date: .

Confidentiality

Each party shall continue to maintain in confidence all Confidential Information disclosed in connection with the Original Agreement and this Update. Confidential Information means nonpublic information that is identified as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Confidential Information shall not include information that is or becomes generally available to the public other than by a breach of this Update.

The parties agree to use Confidential Information solely for the performance of the Original Agreement and this Update and not to disclose it to third parties except as required by law or as permitted under the Original Agreement.

Acknowledged and agreed by both parties as required by the Original Agreement.

Acknowledgement of Material Impact

Indicate whether this Update constitutes a material change to the Original Agreement, which may require additional authorization or execution of an amendment.

Yes — Material change; additional amendment may be required.

No — Not a material change; this Update is administrative in nature.

Notice Contacts

All notices required or permitted under this Update shall be given in accordance with the notice provisions of the Original Agreement. The parties designate the following contacts for purposes of this Update.

Governing Law; Entire Agreement

Governing Law: The validity, interpretation and performance of this Project Update Notice shall be governed by the laws of State: without regard to its conflict of laws principles.

Entire Agreement: Except as expressly modified by this Project Update Notice, the Original Agreement remains in full force and effect. This Project Update Notice, together with the Original Agreement and any subsequent written amendments executed by both parties, constitutes the entire agreement between the parties with respect to the subject matter hereof.

Execution

The individuals signing below represent and warrant that they are duly authorized to execute this Project Update Notice on behalf of the respective parties.

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