PS/Jane, can we have a copy of the document that will serve as proof on the tentative date of equipment delivery. Extension of project duration is one time only. On my personal opinion, the FA should not been released to them since they are not yet ready to implement the proposed technology, as per guidelines the FA liquidation should be done not more than 1 year (reason for 1 year grace period). This can already be grounds for project termination since as per MOA provision  2.5. The proponent should : Not use the funds for money market placement, time deposits and other forms of investments, and purposes/items other than those stipulated in the approved project.