Roofing Project Update

ROOFING PROJECT UPDATE

Project Name:    Project Address:

Update Date:    Client Name:    Contractor Name:

RECITALS

WHEREAS, Client and Contractor entered into a Roofing Services Agreement (the "Original Agreement") dated , governing labor, materials and workmanship for the Project at the Project Address; and

WHEREAS, the parties desire to record the current status of Work, identify any approved or proposed change orders, and confirm payment status and any adjustments to the schedule as set forth below; and

WHEREAS, this Roofing Project Update is intended to supplement and not supersede the Original Agreement except where specifically provided herein; where conflict exists, the terms of this Update shall control with respect to the matters expressly addressed in this Update.

SCOPE OF WORK UPDATE

PROGRESS SUMMARY

Current Project Phase:    Percent Complete: %

CHANGE ORDERS

Change Orders This Update:   Check if one or more change orders are included on this Update

Aggregate Change Order Amount This Update: $    Change Order Approval Status:

PAYMENT TERMS (AS APPLIED TO THIS UPDATE)

Original Contract Sum: $    Total to Date (including change orders): $

Late Payment Fee:    Grace Period Before Remedies: days

Nonpayment Remedies: If payment is not received within the Grace Period, Contractor may suspend Work after providing written notice and may seek recovery of collection costs, interest and any applicable statutory remedies.

TERM AND TERMINATION

Project Start Date:    Anticipated Completion Date:

Termination for Convenience: Either party may terminate this Project Update and suspend further performance upon days' prior written notice. Termination for Cause: Either party may terminate for material breach if the breaching party fails to cure within 14 days following written notice specifying the breach. Termination shall not relieve the Client of payment obligations for Work performed, materials ordered, or for approved change orders.

CONFIDENTIALITY

Each party shall maintain as confidential all non-public business, technical and financial information disclosed in connection with this Update and the Original Agreement. Confidential information does not include information that (i) is or becomes publicly known without breach of this Update, (ii) is received from a third party without restriction, or (iii) is independently developed. The obligations of confidentiality shall survive termination of this Update for a period of three (3) years.

GOVERNING LAW

This Project Update and any disputes arising out of or related to it shall be governed by and construed in accordance with the laws of the State of , without regard to its conflicts of law principles.

ENTIRE AGREEMENT

Except as expressly amended herein, the Original Agreement remains in full force and effect. This Roofing Project Update, together with the Original Agreement and any approved written change orders, constitutes the entire agreement between the parties concerning the matters addressed herein and supersedes all prior negotiations and understandings concerning such matters.

CERTIFICATIONS AND ACKNOWLEDGEMENTS

The undersigned certify that, to the best of their knowledge, the statements made in this Update are true and accurate, that the Work described has been performed in accordance with applicable building code and the Original Agreement (except as otherwise stated), and that there are no undisclosed liens or claims arising from the Contractor's performance other than those disclosed below.

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