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DocuSign Envelope ID:A4C366A3-F5D9-473B-9218-AF49BCCA02E0 <br /> Wl 1 S <br /> 3.3 If a Willis affiliate located outside of North America serves as an intermediary in the <br /> placement of your Coverages,it will also earn and retain compensation for providing those services, <br /> which compensation is not included in the Fee. <br /> 3.4 Willis is an insurance producer licensed to do business worldwide,including in all 50 states <br /> and the District of Columbia.. Insurance producers are authorized by their license to work with <br /> insurance purchasers and discuss the benefits and terms and conditions of insurance contracts;to <br /> offer advice concerning the substantive benefits of particular insurance contracts;to sell insurance; <br /> and to obtain insurance for purchasers.The role of an insurance producer in any particular <br /> transaction involves one or more of these activities. <br /> 3.5 The compensation that will be paid to Willis will vary based on the insurance contract it sells. <br /> Depending on the insurer and insurance contract you select,compensation may be paid by the <br /> insurer selling the insurance contract or by another third party. Such compensation may be <br /> contingent and may vary depending on a number of factors,including the insurance contract and <br /> insurer you select. In some cases,other factors such as the volume of business Willis provides to the <br /> insurer or the profitability of insurance contracts Willis provides to the insurer also may affect <br /> compensation.Willis may accept this compensation in locations where it is legally permissible,and <br /> meets standards and controls to address conflicts of interest. Because insurers account for contingent <br /> payments when developing general pricing,the price you pay for your policies is not affected whether <br /> Willis accepts contingent payments or not. If you prefer that we not accept contingent compensation <br /> related to your policy,we will request that your insurer(s) exclude your business from their <br /> contingent payment calculations. <br /> 3.6 Upon request,Willis will provide you with additional information about the compensation <br /> Willis expects to receive based in whole or in part on your purchase of insurance, and(if applicable) <br /> the compensation expected to be received based in whole or in part on any alternative quotes <br /> presented to you. <br /> 3.7 To the extent Willis is compensated by commissions paid to us by insurers,they will be <br /> earned for the entire policy period at the time we place policies for you. We will be paid the <br /> commission percentage stated for the placement of your insurance as indicated,and will receive the <br /> same commission percentage for all subsequent renewals of this policy unless we negotiate a <br /> different commission percentage with you. <br /> 3.8 WiRPLACE, a proprietary online tool,provides Willis brokers with access to global <br /> placement information so that we can seek to develop solutions for you with appropriate markets at <br /> competitive prices and terms. Some insurers pay Willis a fee for annual reporting on their book of <br /> business. Some of these insurers also pay Willis an additional fee for more detailed reporting on <br /> placements matched through the WiRPLACE system. Any insurer payments related to the <br /> WiRPLACE system will not increase the cost of your insurance. <br /> 3.9 Willis may place your insurance with members of a panel of insurers.Willis develops panels <br /> of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. <br /> Commission rates on panel placements may be higher than rates paid on business placed outside of <br /> the panel process.Willis discloses its commission rates to clients on quotes obtained through the <br /> panel process prior to binding the coverage. In some instances,insurers pay an administration fee to <br /> participate in the panel process,or for additional reporting. <br /> 3.10 In some cases the use of a wholesale broker may be beneficial to you. We will not directly or <br /> indirectly place or renew your insurance business through a wholesale broker unless we first disclose <br /> to you in writing any compensation we or our corporate parents, subsidiaries or affiliates will receive <br /> Short Form PC Fee Agreement 30 July 2014 Page 3 of 6 <br />