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a) In the event of a loss, CUSTOMER agrees to notify SECTRAN in writing within four (4) calendar days after the loss is
<br />discovered or should have been discovered in the exercise of due care. CUSTOMER agrees that any loss shall be reported by
<br />CUSTOMER to SECTRAN within forty-five (45) days after the pick-up by SECTRAN of the securely sealed container in connection with
<br />which the loss is asserted. Unless such notice has been received by SECTRAN within this forty-five (45) day period, such claim shall be
<br />deemed waived and released by the CUSTOMER. It is agreed that both parties will work together to determine the extent of the loss, and
<br />if possible, the cause of loss.
<br />c) Unless CUSTOMER has opted -out of its reconstruction obligations in writing above, CUSTOMER shall retain sufficient
<br />information to allow reconstruction of item(s) in the event of a loss. In addition, CUSTOMER agrees it will cooperate and assist in
<br />reconstructing lost, damaged, or destroyed items constituting a part of any loss. SECTRAN's liability, unless otherwise stated in this
<br />Agreement, shall be the payment to the CUSTOMER for the reasonable costs necessary to reconstruct the item(s), any necessary cost
<br />because of stop -payment procedures or reasonable costs associated with CUSTOMER providing information and assistance with
<br />recovery of loss. The term "Reconstruction" is defined to mean the identification of the item(s) only to the extent of determining the face
<br />amount of said item(s) and the identity of the maker or endorser of each or providing audit trail, foreign or internal network information,
<br />data, customer information or other relevant information to allow SECTRAN to recover any and/or all item(s) or cash associated with loss.
<br />CUSTOMER agrees in the event of a loss, that any liability of SECTRAN shall be reduced by the face value of reconstructed or recovered
<br />item(s).
<br />d) Upon the request of SECTRAN, CUSTOMER will furnish a proof of loss to SECTRAN or its insurance carrier. Once
<br />reimbursement has been made to CUSTOMER, SECTRAN and its insurer shall receive any and all of the CUSTOMER'S rights and
<br />remedies of recovery.
<br />8. Limitations & Force Mateure:
<br />a) The CUSTOMER agrees that SECTRAN will not be liable for any loss or damage caused by or resulting from shortages claimed
<br />in the contents of the sealed or locked shipment(s), for non-performance or delays, or for the breakage of statuary, marble, glassware,
<br />bric-a-brac, porcelains and similar fragile articles. Likewise, SECTRAN shall not be liable to CUSTOMER for failure to render service if in
<br />SECTRAN's judgment the same may endanger the safety of CUSTOMER'S property or personnel or SECTRAN'S vehicles or employees.
<br />b) It Is further agreed that SECTRAN shall not be held accountable or liable for any damages or losses, caused by or resulting from
<br />illegal or fraudulent acts of CUSTOMER's employees, agents, representatives, or third -party contractors.
<br />c) CUSTOMER agrees that SECTRAN shall not have any liability for losses of any documentation carried by SECTRAN at
<br />CUSTOMER's request without compensation.
<br />d) CUSTOMER expressly understands and accepts that ownership (title) to cash transported or stored by SECTRAN shall never
<br />transfer to SECTRAN.
<br />e) It is further agreed SECTRAN shall not be held accountable or liable for any damages or losses, whether controlled or uncontrolled,
<br />and whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by the
<br />peril(s) for which liability is assumed by SECTRAN, resulting from:
<br />(i) Hostile or warlike action in time of peace or war, including action hindering, combating or defending against an actual,
<br />impending or expected attack; (1) by any government or sovereign power (de jure or de facto) or by any authority
<br />maintaining or using military, naval or air forces; or (2) by military, naval or air forces; or (3) by any agent of any such
<br />government, power authority or forces.
<br />(ii) Nuclear reaction, nuclear radiation, radioactive contamination or any weapon of war employing atomic fission or radioactive
<br />force whether in time of peace or war.
<br />(iii) Insurrection, rebellion, revolution, terrorist act, civil war, usurped power, or action taken by governmental authority in
<br />hindering, combating or defending against such an occurrence; seizure or destruction under quarantine or customs
<br />regulations; confiscation by order of any governmental or public authority; or risks of contraband or illegal transportation
<br />or trade.
<br />(iv) Acts of God, strikes, labor disturbances, impostor pick-up or deliveries, or other conditions or circumstances beyond
<br />SECTRAN' reasonable control.
<br />10. Container Value Limitation: CUSTOMER acknowledges and agrees that the maximum value which SECTRAN will transport in any
<br />individual container will not exceed two hundred fifty thousand dollars ($250,000). If the total value of a shipment which CUSTOMER
<br />seeks to tender to SECTRAN exceeds two hundred fifty thousand dollars ($250,000), such shipment must be broken down into separate
<br />shipment containers of two hundred fifty thousand dollars ($250,000) or less.
<br />11. Holiday Service: SECTRAN agrees to provide service as stated in the Agreement with the following holiday exceptions: New Year's
<br />Day, Martin Luther King Day, President's Day, Memorial Day, Independence Day, Labor Day, Veterans Day, Columbus Day, Thanksgiving
<br />Updated: July 2020 CONFIDENTIAL Page 4
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