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IUUCIARY EXPERTS <br />Page 3 of 6 <br />Consultant will perform due diligence and benchmarking of delegated vendors /professionals <br />needed to perform plan administration. <br />Consultant will provide the City additional services by providing a private portal where all <br />documents, minutes, and reports may be accessed and organized as a means to maintain a central <br />location to safely view and file such data. <br />PROFESSIONAL FEES <br />Consultant will perform the services outlined in the Agreement for a flat fee. <br />For Phase I and Phase II not to exceed $10,000, ($5,000 upon the completion of Phase I; $5,000 <br />upon completion or mutual acceptance of completed tasks under Phase II). <br />For Phase III not to exceed $5,000 <br />Consultant will not receive any additional hard or soft - dollar compensation related to the Plan <br />from any other party including, but not limited to any party who is a service provider to the Plan <br />or related to a service provider to the Plan_ <br />EFFECTIVE DATE AND TERM OF AGREEMENT <br />This Agreement shall become effective on the date first written above. The agreement will be for <br />one year (December 31, 2013) or until the total amount of $15,000 has been expended, whichever <br />occurs first. Each party may cancel this Agreement at any time by giving the other party written <br />notice of such termination (30) days prior to the effective date of termination. Upon termination <br />the fees due shall be prorated to the Phase percentage of completion. This Agreement cannot be <br />assigned without the prior written consent of all parties hereto. <br />MISCELLANEOUS <br />Insurance. <br />A. Consultant shall maintain in full force and effect during the term of this <br />Agreement, policies of commercial general liability and automobile liability insurance (each of <br />which shall include property damage and bodily injury) and each with limits of at least <br />$1,000,000 combined single limit coverage per occurrence. <br />B. Consultant shall maintain in full force and effect during the term of this <br />Agreement a policy of professional liability /fiduciary liability insurance coverage for breach of <br />any duty hereinabove described in the Agreement with limits of at least $1,000,000 combined <br />single limit coverage per claim or per occurrence. If Consultant provides claims made <br />professional liability insurance, Consultant shall also agree in writing either (1) to purchase tail <br />insurance in the amount required by this Agreement to cover claims made within five (5) years of <br />3 � P a" c <br />