Statement of Work {{ sow_number }}
Statement of Work

{{ sow_title }}

{{ objective }}

Provider
{{ provider_legal }}
{{ provider_addr }}
Referred to herein as the "Provider."
Client
{{ client_legal }}
{{ client_addr }}
Referred to herein as the "Client."
Total Fee
${{ total_fee }}
Duration
{{ duration }} weeks
Milestones
{{ milestone_count }}
Effective
{{ effective_date }}
This SOW is issued under and governed by the Master Services Agreement dated {{ msa_ref }}
Scope at a Glance Five governed milestones · each gated on signed acceptance
M1 {{ g1_t }} {{ g1_d }}
M2 {{ g2_t }} {{ g2_d }}
M3 {{ g3_t }} {{ g3_d }}
M4 {{ g4_t }} {{ g4_d }}
M5 {{ g5_t }} {{ g5_d }}
{{ sow_number_f1 }} · {{ client_short }} · Core Banking Migration Page 1 of 5
01

Scope of Work

What this engagement covers — the boundary, and how the work is governed

{{ scope_summary }}

In Scope
+{{ in_1 }}
+{{ in_2 }}
+{{ in_3 }}
+{{ in_4 }}
+{{ in_5 }}
Out of Scope
{{ out_1 }}
{{ out_2 }}
{{ out_3 }}
{{ out_4 }}
{{ out_5 }}
Cadence & Reporting

{{ gov_cadence }}

Roles & Decisions

{{ gov_roles }}

Assumptions & Dependencies

{{ assumptions }}

{{ sow_number_f2 }} · Core Banking Migration Initials   Page 2 of 5
02

Deliverables & Acceptance Criteria

Each deliverable is "done" only when its acceptance test is signed
Standard of Acceptance
{{ accept_standard }}
D1
{{ d1_name }}
{{ d1_desc }}
Accept when{{ d1_acc }}
D2
{{ d2_name }}
{{ d2_desc }}
Accept when{{ d2_acc }}
D3
{{ d3_name }}
{{ d3_desc }}
Accept when{{ d3_acc }}
D4
{{ d4_name }}
{{ d4_desc }}
Accept when{{ d4_acc }}
D5
{{ d5_name }}
{{ d5_desc }}
Accept when{{ d5_acc }}
{{ sow_number_f3 }} · Core Banking Migration Initials   Page 3 of 5
03

Milestones & Investment

Five governed milestones over 16 weeks — billed against signed acceptance
Total Fixed FeeInclusive of labor, tooling, and the listed cloud-tenancy build
${{ total_fee_hero }}
1WK 1–3
{{ m1_title }}
{{ m1_dates }}
{{ m1_del }}
${{ m1_pay }}
15% · on D1
2WK 4–6
{{ m2_title }}
{{ m2_dates }}
{{ m2_del }}
${{ m2_pay }}
20% · on D2
3WK 7–10
{{ m3_title }}
{{ m3_dates }}
{{ m3_del }}
${{ m3_pay }}
25% · on D3
4WK 11–13
{{ m4_title }}
{{ m4_dates }}
{{ m4_del }}
${{ m4_pay }}
25% · on D4
5WK 14–16
{{ m5_title }}
{{ m5_dates }}
{{ m5_del }}
${{ m5_pay }}
15% · on D5
Invoicing
{{ inv_terms }}
Change Requests
{{ change_terms }}
Expenses & Schedule
{{ exp_terms }}
{{ sow_number_f4 }} · Core Banking Migration Initials   Page 4 of 5
04

Authorization & Change Control

Signed below, this SOW is incorporated into the governing MSA
Engagement
{{ recap_engagement }}
Total Fee
${{ recap_fee }}
Duration
{{ recap_dur }}
Milestones
{{ recap_ms }}

General Provisions

Change control. {{ gp_change }}

Governing agreement. {{ gp_govern }}

Acceptance. {{ gp_accept }}

Confidentiality & data. {{ gp_conf }}

Term & termination. {{ gp_term }}

Notices. {{ gp_notice }}

By signing below, the named representatives confirm the scope, deliverables, milestones, and fee schedule above and authorize work to begin under SOW {{ sig_sownum }}. Each signatory warrants they are authorized to bind their organization.
Provider
{{ sig_provider_name }}
Printed Name
Title
Signature
Date
Client
{{ sig_client_name }}
Printed Name
Title
Signature
Date
{{ closing }}
{{ sow_number_f6 }} · Core Banking Migration Page 5 of 5