Thursday, September 21, 2017 7:18:38 PM
LOL
3x2 = 6yrs
2011+6 = 2017 Nov
If they make any more extensions, the period should be atleast 60 days prior that was around Sept 11 of 2017
Page 6/115
https://www.fdic.gov/about/freedom/remanagementk-prescientinc.pdf
2.1 Initial Period of Performance
This Agreement has a three (3) year initial period ofperfonnance starting on the Effective
Date and expiring on [b]November 13th, 2011 (the "Period of
Performance") subject to exercise of
an option, if applicable, or to earlier termination under the General Provisions of this Agreement.
2.2 Option Period
This Agreement may be extended, at the discretion of
the FDIC, for up to three (3) 2-year
period(s) (an "Option Period"). Except where specifically indicated otherwise, "Period of
Perfonnance" as used hereafter in this Agreement refers both to the initial Period of Performance
and to any Option Period which may be exercised.
2.3 Notice of Exercise of Option
If the FDIC desires to exercise the option to extend the Period of Performance, the FDIC
must notify Contractor, in writing, of its intent not less than sixty (60) days before the expiration
of the initial Period of Performance.
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