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7. The Town shall provide monthly Fee Escrow Account Statements to Applicant, together with an itemized accounting of monies disbursed from the Fee Escrow Account, if applicable. In no event shall Applicant allow the balance of the Fee Escrow Account to fall below the sum of fifteen thousand dollars ($15,000.00). In the event that such balance falls below fifteen thousand dollars ($15,000.00), the Town shall immediately notify Applicant in writing of the amount of the deficiency, and Applicant shall replenish the balance of the Fee Escrow Account to a minimum of $20,000.00 within fifteen (15) days of receipt of the Town’s notice. 8. In no event is the Applicant required to reimburse the Town for fees paid to professional consultants in an amount greater than fifty thousand dollars ($50,000.00) unless otherwise agreed to by amendment to this agreement. The Applicant may terminate this agreement upon receipt by the Town of ten (10) days written notice. Upon such termination, the Applicant shall no longer be responsible for costs related thereto and any remaining funds, minus any outstanding costs, fees or expenses incurred by the Town up to ten (10) days subsequent to the date of receipt of the notice of termination will be returned to the Applicant. 9. Applicant shall immediately notify the Town in writing of any material changes to the Project, including but not limited to the scope, location, or ownership structure. The Town reserves the right to require additional review and associated fees for such changes. 10. The consultants retained by the Town shall have no fiduciary duty to the Applicant and shall act solely in the interest of the Town in reviewing the Project application. 11. The services covered by this Agreement shall include those necessary for the Town’s review of the Project application and SEQRA compliance. The rates charged by the Town’s consultants shall be consistent with customary rates for similar services within the region. 12. Compliance with the terms of this Agreement shall be a condition of any approval issued by the Town to the Applicant related to the Project. 13. Execution of this Agreement does not constitute or imply approval of the Applicant’s Project. The Town reserves the right to deny or conditionally approve the Project in accordance with applicable laws, regulations, and its local laws and ordinances. 14. The Town reserves the right to amend its zoning laws, policies, or procedures during the pendency of the Project review, and Applicant shall comply with any such amendments. 6