1 October 2003
party. The impartial experts will have no professional or financial interest
in their selector's organization. The impartial experts will assess the data
quality, and judge whether the data is supplied in accordance to
HyVista's specifications for the survey. Should the experts judge that
data meets or exceeds HyVista's quoted data quality specifications, then
the data will be supplied and the sponsor will be liable to pay agreed data
acquisition costs, and all costs incurred in the data assessment. Should
the experts judge that the supplied data does not meet HyVista's quoted
data quality specifications, then the data will not be supplied.
The cost of a Research Mode Scene is Five Thousand US Dollars
(,000.00). The cost of a Proprietary Mode Scene is Ten Thousand US
Dollars (,000.00). The Group Shoot Scene is also delivered to the
Sponsor at no additional cost. Custom acquisitions and larger areas can
be covered at an incremental cost and volume discounts may be applied.
These additional Scenes shall be listed in Appendix E.
Invoices will be issued upon signature of this MOU and payment is net 30
days. In instances where AIG and HyVista acquire only a portion of a
requested block of data due to adverse weather conditions or other
unforeseen circumstances, AIG and HyVista will refund a portion of the
fee at a rate proportional to the agreed fee for full data coverage. In the
event that no Sponsor data are acquired AIG will refund Sponsor all