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( 3 ) PERIOD OF AGREEMENT . <br /> This Agreement shall begin upon execution by both parties , and shall end twenty-four <br /> ( 24 ) months after the last date signed , unless terminated earlier in accordance with the provisions of <br /> Paragraph ( 10 ) of this Agreement. CONTRACT EXTENSIONS WILL NOT BE GRANTED UNLESS <br /> RECIPIENT IS ABLE TO PROVIDE SUBSTANTIAL JUSTIFICATION AND THE DIVISION DIRECTOR <br /> APPROVES SUCH EXTENSION . <br /> (4 ) MODIFICATION OF CONTRACT <br /> Either party may request modification of the provisions of this Agreement. Changes , <br /> which are mutually agreed upon , shall be valid only when reduced to writing , duly signed by each of the <br /> parties hereto , and attached to the original of this Agreement. <br /> ( 5 ) RECORDKEEPING <br /> ( a ) As applicable, Recipient' s performance under this Agreement shall be subject to <br /> the federal " Common Rule : Uniform Administrative Requirements for State and Local Governments" ( 53 <br /> Federal Register 8034 ) or OMB Circular No . A- 110 , " Grants and Agreements with Institutions of High <br /> Education , Hospitals , and Other Nonprofit Organizations , " and either OMB Circular No . A-87 , "Cost <br /> Principles for State and Local Governments , " OMB Circular No . A-21 , "Cost Principles for Educational <br /> Institutions , " or OMB Circular No . A- 122 , " Cost Principles for Nonprofit Organizations . " If this Agreement <br /> is made with a commercial (for-profit) organization on a cost-reimbursement basis , the Recipient shall be <br /> subject to Federal Acquisition Regulations 31 . 2 and 931 . 2 . <br /> ( b) The Recipient shall retain sufficient records demonstrating its compliance with <br /> the terms of this Agreement, and the compliance of all subcontractors or consultants to be paid from <br /> funds provided under this Agreement, for a period of five years from the date the audit report is issued , <br /> and shall allow the Department or its designee , Chief Financial Officer, or Auditor General access to such <br /> records upon request. The Recipient shall ensure that audit working papers are made available to the <br /> Department or its designee , Chief Financial Officer, or Auditor General upon request for a period of five <br /> years from the date the audit report is issued , unless extended in writing by the Department, with the <br /> following exceptions : <br /> 2 <br />