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ARTICLE V - Modifications <br />Any modifications, variations, or waivers of the terms of this <br />contract, and any change in the amount thereof as set forth on page <br />1, above, shall become effective only upon being reduced to a written <br />amendment hereunto, signed by the authorized representatives of <br />the UNIVERSITY and of the SPONSOR. <br />ARTICLE VI - Termination <br />A. Either the UNIVERSITY or the SPONSOR may terminate this <br />contract by notifying the authorized representative of the other <br />thirty (30) days 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 <br />orders, obligations, and commitments relating to this contract, <br />and to 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 <br />Principal Investigator shall deliver to the authorized <br />representative of the SPONSOR such incomplete Subject Data, in <br />its extant format, as ARTICLE XI, below, requires. <br />ARTICLE VII- Records and Inspection <br />A. The UNIVERSITY shall maintain books, records, and other <br />evidence of costs incurred and revenues received under this <br />contract, to document fully all net costs, direct and indirect, of <br />labor, materials, equipment, supplies, and services, and all <br />other costs of whatever nature. <br />B. At all reasonable times during the retention period, Paragraph <br />below, the SPONSOR, or any authorized audit representative, <br />shall have access to such pertinent UNIVERSITY books, records, <br />and other evidence, to audit and examine them. <br />Page 14 <br />