Exhibit 10.15
CHANGE ORDER NO. 5
TO
AGREEMENT NO. EDC10017 (ECD-CON-10-001)
BETWEEN
EMIRATES NUCLEAR ENERGYCORPORATION
(ENEC)
AND
LIGHTBRIDGE CORPORATION
FOR
NUCLEAR ENERGY CONSULTANCY SERVICES
AGREEMENT CHANGE ORDER
AGREEMENT NO :EDC10017 (ECD-CON-10-001) | CHANGE ORDERNo.: 05 | EFFECTIVE DATE:APRIL 08th, 2012 | |
AGREEMENT TITLE : NUCLEAR ENERGY CONSULTANCY SERVICES | |||
CONTRACTOR: LIGHTBRIDGE CORPORATION | |||
DURATION: JANUARY 01, 2012 TO DECEMBER 31, 2012 | |||
PREAMBLE: | |||
Change Order No. 05 is Customer's formal approval of the Change to the above Agreement No. EDC10017 (ECD- CON-10-001). | |||
CHANGE ORDER DETAILS: | |||
This Change Order No. 5 is made to add budget of AED 115,000.00 (equivalent to USD 31,309.55) in order to cover the new task of prepare briefing presentation to the board of directors on the EUP procurement. The total lump sum Price for Change Order No. 5 is USD 31,309.55. The revised Agreement value will be USD 2,233,667.37 | |||
EFFECT ON AGREEMENT SCHEDULE: | |||
The Agreement schedule shall remain unchanged. | |||
TERMS AND CONDITIONS: | |||
• Except as otherwise stated in this Change Order No. 05, all other terms and conditions of the original Agreement shall remain unchanged. | |||
EFFECT ON AGREEMENT PRICE: | |||
• Original Agreement Value (USD) | 1,877,600.00 | ||
• Change Order No. 01 Value (USD) | 0.00 | ||
• Change Order No. 02 Value (USD) | 469,400.00 | ||
• Change Order No. 03 Value (USD) | 0.00 | ||
• Change Order No. 04 Value (USD) | (-144,642.18) | ||
• Change Order No. 05 Value (USD | 31,309.55 | ||
| Revised Contract Value (USD) | 2,233,667.37 | ||
SIGNATORIES
IN WITNESS of which each of the parties has signed this Agreement Change Order No. 05 on the Effective Date:
| By: | /s/ Saleh Al Shehhi | ||
| SIGNED by | ) | ||
| For and on behalf of Emirates Nuclear | ) | Name: Saleh Al Shehhi | |
| Energy Corporation (ENEC) | ) | Title: Executive Director Supply Chain | |
| Date: 23/05/2012 | |||
| By: | /s/ James Guerra | ||
| SIGNED by | ) | ||
| For and on behalf of Lightbridge | ) | Name: James Guerra | |
| Corporation | ) | Title: COO | |
| Date: April 15, 2012 | |||