Common use of Changes and Review Procedure Clause in Contracts

Changes and Review Procedure. Alberta Innovates expects the Applicant to set reasonable Milestone start and completion dates, anticipating times during the Term of the Project when setbacks or unavoidable delays may occur. Should an unforeseen circumstance arise whereby it is not possible to meet the deliverables set out in Schedule C, the Applicant may request an amendment to the Investment Agreement by contacting Alberta Innovates’ representative set out in ARTICLE 7 below. Changes may include, but are not limited to, the following: (i) a decrease in the Investment due to the departure of the Associate for any reason; (ii) illness or other leave of absence of the Associate; (iv) a Change in Control of the Applicant; or (v) any other changes as determined by Alberta Innovates. Upon review of the request, Alberta Innovates may, at its sole and unfettered discretion, approve, decline or request further information concerning the change. Should a change be approved by Alberta Innovates, the remainder of the Investment Agreement shall remain in full force and effect unamended. Depending on the nature of the change, Alberta Innovates may require the Parties to execute an amendment to the Investment Agreement or by notice to all Parties that a new Schedule C has been approved. If the requested change is declined, the Applicant may either elect to proceed with the Project as previously approved by Alberta Innovates or terminate the Investment Agreement, in which case no further payments from the Investment will be provided.

Changes and Review Procedure. Alberta Innovates expects the Applicant and Associate to set reasonable Milestone start and completion dates, anticipating times during dates for the Term of the Project when setbacks or unavoidable delays may occurProject. Should an unforeseen circumstance arise whereby it is not possible to meet the deliverables as set out in Schedule CC and employment contract, the Applicant and the Associate may request an amendment to the Investment Agreement by contacting Alberta Innovates’ representative set out in ARTICLE 7 below. Changes may include, but are not limited to, the following: (i) a an increase or decrease in the Investment associated with the Project as a whole due to the departure of the Associate for any reason; (ii) illness or other leave of absence of the Associate; (iv) a Change in Control of the Applicant; or (v) any other changes as determined by Alberta Innovates. Upon review of the request, Alberta Innovates may, at its sole and unfettered discretion, approve, decline or request further information concerning the change. Should a change be approved by Alberta Innovates, the remainder of the Investment Agreement shall remain in full force and effect unamended. Depending on the nature of the change, Alberta Innovates may require the Parties to execute an amendment to the Investment Agreement or by notice to all Parties that a new Schedule C Work Plan & Budget Table has been approved. If the requested change is declined, the Applicant and Associate may either elect to proceed with the Project as previously approved by Alberta Innovates Innovates, or terminate the Investment Agreement, in which case no further payments from the Investment will be provided.

Changes and Review Procedure. Alberta Innovates expects the Applicant and Associate to set reasonable Milestone start and completion dates, anticipating times during dates for the Term of the Project when setbacks or unavoidable delays may occurProject. Should an unforeseen circumstance arise whereby it is not possible to meet the deliverables as set out in Schedule CC and employment contract, the Applicant and the Associate may request an amendment to the Investment Agreement by contacting Alberta Innovates’ representative set out in ARTICLE 7 below. Changes may include, but are not limited to, the following: (i) a an increase or decrease in the Investment associated with the Project as a whole due to the departure of the Associate for any reason; (ii) illness or other leave of absence of the Associate; (iv) a Change in Control of the Applicant; or (v) any other changes as determined by Alberta Innovates. Upon review of the request, Alberta Innovates may, at its sole and unfettered discretion, approve, decline or request further information concerning the change. Should a change an amendment be approved by Alberta Innovates, the remainder all other terms and conditions of the Investment Agreement shall remain in full force and effect unamended. Depending on the nature of the change, Alberta Innovates may require the Parties to execute an amendment to the Investment Agreement or by notice to all Parties that a new Schedule C has been approvedeffect. If the requested change is declined, the Applicant and Associate may either elect to proceed with the Project as previously approved by Alberta Innovates Innovates, or terminate the Investment Agreement, in which case no further payments from the Investment will be provided.

Changes and Review Procedure. Alberta Innovates expects the Applicant to set reasonable Milestone start and completion dates, anticipating times during the Term of the Project when setbacks or unavoidable delays may occur. Should an unforeseen circumstance arise whereby it is not possible to meet the deliverables set out in Schedule Cthe application, the an Applicant may request an amendment to the Investment Agreement by contacting Alberta Innovates’ representative set out in ARTICLE 7 below6 below no later than two (2) weeks prior to the Project Completion date. Changes may include, but are not limited to, the following: (i) a decrease proposed change in the Investment due to the departure scope of the Associate for any reasonProject; (ii) illness or other leave of absence a delay in the completion of the Associate; Projector (iv) a Change in Control of the Applicant; or (viii) any other changes as determined by Alberta Innovates. Upon review of the request, Alberta Innovates may, at its sole and unfettered discretion, approve, decline or request further information concerning the change. Should a change be approved by Alberta Innovates, the remainder of the Investment Agreement shall remain in full force and effect unamended. Depending on the nature of the change, Alberta Innovates may require the Parties to execute an amendment to the Investment Agreement or by notice to all Parties that a new Schedule C has been approvedAgreement. If the requested change is declined, the Applicant may either elect to proceed with the Project as previously approved by Alberta Innovates or terminate the Investment Agreement, in which case no further payments from the Investment will be provided.

Changes and Review Procedure. Alberta Innovates expects the Applicant and Associate to set reasonable Milestone start and completion dates, anticipating times during dates for the Term of the Project when setbacks or unavoidable delays may occurProject. Should an unforeseen circumstance arise whereby it is not possible to meet the deliverables as set out in Schedule CC and employment contract, the Applicant and the Associate may request an amendment to the Investment Agreement by contacting Alberta Innovates’ representative set out in ARTICLE 7 below. Changes may include, but are not limited to, the following: (i) a an increase or decrease in the Investment associated with the Project as a whole due to the departure of the Associate for any reason; (ii) illness or other leave of absence of the Associate; (iv) a Change in Control of the Applicant; or (v) any other changes as determined by Alberta Innovates. Upon review of the request, Alberta Innovates may, at its sole and unfettered discretion, approve, decline or request further information concerning the change. Should a change be approved by Alberta Innovates, the remainder all other terms and conditions of the Investment Agreement shall remain in full force and effect unamendedeffect. Depending on the nature of the change, Alberta Innovates may require the Parties to execute an amendment to the Investment Agreement or by notice to all Parties that a new Schedule C Work Plan & Budget Table has been approved. approved If the requested change is declined, the Applicant and Associate may either elect to proceed with the Project as previously approved by Alberta Innovates Innovates, or terminate the Investment Agreement, in which case no further payments from the Investment will be provided.