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Any modifications, variations, or waivers of the terms of this contract, and <br />any change in the amount thereof as set forth on page 1, above, shall <br />become effective only upon being reduced to a written amendment <br />hereunto, signed by the authorized representatives of the UNIVERSITY <br />and of the SPONSOR. <br />ARTICLE VI - Termination <br />A. Either the UNIVERSITY or the SPONSOR may terminate this contract by <br />notifying the authorized representative of the other thirty (30) days <br />in advance of a specified termination date. <br />B. Upon receiving a termination notice from the SPONSOR, the <br />UNIVERSITY shall exercise reasonable diligence to cancel orders, <br />obligations, and commitments relating to this contract, and to <br />cancel or redirect commitments for personal services. <br />C. The SPONSOR shall remain liable for all costs incurred by the <br />UNIVERSITY pursuant to this contract, including uncancelable <br />orders, obligations, and commitments, made prior to receiving a <br />termination notice. Upon payment of all such costs, the Principal <br />Investigator shall deliver to the authorized representative of the <br />SPONSOR such incomplete Subject Data, in its extant format, as <br />ARTICLE XI, below, requires. <br />ARTICLE VII- Records and Inspection <br />A. The UNIVERSITY shall maintain books, records, and other evidence of <br />costs incurred and revenues received under this contract, to <br />document fully all net costs, direct and indirect, of labor, materials, <br />equipment, supplies, and services, and all other costs of whatever <br />nature. <br />B. At all reasonable times during the retention period, Paragraph C, <br />below, the SPONSOR, or any authorized audit representative, shall <br />have access to such pertinent UNIVERSITY books, records, and other <br />evidence, to audit and examine them. <br />Page 54 <br />