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TranSystems Corporation - LGM Construction

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(as determined prior to the application of the retainage requirement set forth in Section 4.03 of<br />

the Agreement).<br />

Upon satisfaction of the conditions set forth in Section 4.04 of the Agreement, FedEx shall make<br />

payments for Material stored on Site or at other locations approved by FedEx in accordance with<br />

the progress payment procedures set forth above.<br />

For Change Orders affecting the Contractor’s Fee, the Contractor’s Fee will be adjusted as set<br />

forth on the applicable Change Order.<br />

C-1-3

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