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DocuSign Envelope ID:25158025-ADOF-4044-B3BF-3AB3BFDF53FD <br /> TERMINATION OF PROJECT <br /> If the University decides to terminate the Project without the concurrence of the Department,the <br /> University shall reimburse the Department one hundred percent(10G%)of afl costs expended by <br /> the department and associated with the Project. <br /> AUDITS <br /> In accordance with 2 CFR 200"Uniform Administrative Requirements,Cost Prfnc'rples,and Audit <br /> Requirements for Federal Awards,"Subpart F—Audit Requirements,and the Federal Single <br /> Audit Act Amendments-of 1996,the University shall arrange for an annual independent financial <br /> and compliance audit of its fiscal operations. The University shall furnish the Department with a <br /> copy of the annual Independent audit report within thirty(30)days of completion of the report,but <br /> not later than nine(9)months after the University's fiscal year ends. <br /> REIMBURSEMENT BY UNIVERSITY <br /> For all monies due the Department as referenced In this Agreement,reimbursement shail be <br /> made by the University to the Department within sixty(60)days of receiving an Invoice. A late <br /> payment penalty and Interest shall be charged on any unpaid balance due In accordance with <br /> NCGS 147-8$,23. <br /> ENTIRE AGREEMENT <br /> This Agreement contains the entire agreement between the parties and there are no <br /> understandings or agreements,verbal or otherwise,regarding this Agreement except as <br /> expressly set forth herein. <br /> AUTHORt2ATION TO EXECUTE <br /> The parties hereby acknowledge that the individual executing the Agreement on their behalf Is <br /> authorized to execute this Agreement on their behalf and to bind the respective entitles to the <br /> terms contained herein and that he has read this Agreement,and fully understands Its contents. <br /> GIFT BAN <br /> By Executive Order 24,issued by Governor Perdue,and NCGS 133-32,it is unlawful for any <br /> vendor or contractor(i.e.architect,bidder,contractor,construcflon manager,design professional, <br /> englneer,landlord,offeror,seller,subcontractor,supplier,or vendor),to make gifts or to give <br /> Agreement ID#6737 16 <br />