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VIRGIN ISLANDS HIGHER EDUCATION SCHOLARSHIP PROGRAM MASTER AGREEMENT Name: of Student: (please prinit) sssssisissosicsisssscvsinssccsasancscarcsasearancnepicanacsercenes UVE Student We wescsccensssssscenansenacss Malling ACreSs: oo... ceseccsssessessessesseeneenesuesnesnsssesnesussnsensaneenssusenesusesssussessussnsssssssssenscssesssnsaueasssvesessessessvssessssussusenesesereaeeeees ity / State/ Zip COGG: scescmomnnmmenam ma eRe mS Award eligibility and award value will be determined each semester prior to the release or disbursement of VI Higher Education Scholarship funds to your student account. Notification of award amount(s) occur via the financial aid award letter issued by the Office of Financial Aid. Per semester and aggregate amounts received will be available on the University’s Campus Portal — BanWeb Self-Service environment. THIS SCHOLARSHIP AGREEMENT, is made and entered into as of the ___ day of 20_____ by and between the UNIVERSITY OF THE VIRGIN ISLANDS, No. 2 John Brewers Bay, St. Then, U.S. Virgin Islands 00802, (hereinafter referred to as the “UNIVERSITY") and (hereinafter referred to as the "VI HIGHER EDUCATION SCHOLARSHIP RECIPIENT"). WITNESSETH: Whereas, the Legislature of the United States Virgin Islands has established the Virgin Islands Higher Education Scholarship Program for the purpose of awarding tuition scholarships to eligible students graduating from a secondary high school or an adult Continuing Education Program; Now Therefore, in consideration of the mutual promises, covenants and conditions contained herein, the parties hereto, intending to be legally bound hereby, agree as follows: 1. AMOUNT AND DURATION OF SCHOLARSHIP: The Recipient hereunder is a matriculated degree-seeking, student at the University and is pursuing his/her first associate’s or bachelor’s degree, or both. The University may restrict or modify the amount of the VI Higher Education Scholarship a Recipient may receive per semester depending on the award of federal grants, institutional grants, other scholarships or financial aid during a particular semester. 2. COMMITMENT OF THE RECIPIENT: (a) By accepting the said scholarship, on the terms and conditions stated herein, the Recipient hereby commits himself/herself to work in the Territory for a prescribed period of time commensurate with the amount of aid received based on the attached Aid-Employment Formula. Please review the VI HIGHER EDUCATION SCHOLARSHIP PROGRAM MASTER AGREEMENT — PAGE 1 RECIPIENT'S INITIALS c) JUDICIAL ACTION. Should the University be required to institute judicial action to enforce the obligations hereunder, it shall be entitled to recover all of its costs, including attorneys’ fees, from the Recipient. d) ENTIRE AGREEMENT. This contract constitutes the entire agreement between the parties with respect to the subject matter hereof, and no modification shall be effective unless contained in writing subscribed to by the parties and the University. IN WITNESS WHEREOF, the parties have duly executed this contract as the day, month and year first above written. Date: Scholarship Recipient Signature of Scholarship Recipient UNIVERSITY OF THE VIRGIN ISLANDS ty, rlene Auguste ff wotary:. ° nan — a a ig St. Thomas/St. John, U.S. Virgin Islands a, 5, PUSUE f NP-437-21 My Commission Expires: June 25, 2025 tewe® Safiya George, President University of the Virgin Islands - Official Use Only Date Received: Received by: Financial Aid Officer Signature: VI HIGHER EDUCATION SCHOLARSHIP PROGRAM MASTER AGREEMENT — PAGE 3 RECIPIENT’S INITIALS