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CostRecovery (cont'd) PA <br /> Scenario B : Project Cancelled in Fall 2009 <br /> Scenario B : <br /> • ERMU signs Big Stone II Letter of Intent (LOI) by July 15 . 1 <br /> LOI includes a contingency clause regarding the project "Go/No- <br /> Go" vote in September. <br /> • Project "Go/No-Go" vote of current project Co-Owners in <br /> September is "No-Go". <br /> • Project is cancelled . <br /> Cost Recovery Outcome for ERMU : Minimal <br /> • ERMU has no obligation to join the Project, or to pay for <br /> development costs. <br /> • ERMU's only expenses would be : <br /> Cost of RW Beck planning study (Associate Member for Planning <br /> efforts with CMMPA, approved earlier) . <br /> Cost and time of ERMU's own due-diligence efforts <br /> 1 . Letter of Intent under review by ERMU legal counsel. 8 <br />