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X. TERM. <br /> <br />The term of this AGREEMENT shall be effective from 12/1/2024 and ending 12:01 <br />a.m. 12/1/2025 unless cancelled pursuant to termination provisions set forth herein. <br /> <br />XI. TERMINATION. <br />This AGREEMENT may be cancelled by either PARTY any time upon seven (7) <br />days’ advance written notice delivered or mailed to the other PARTY in accordance <br />with the notice provisions set forth herein. In the event of termination or expiration <br />of this AGREEMENT, ALLIANT will provide CLIENT with reasonable assistance <br />in arranging a smooth transition to another broker. Except for this transition <br />assistance, ALLIANT’S obligation to provide SERVICES to CLIENT will cease at <br />12:01 a.m. upon the effective date of termination or expiration. <br /> <br />XII. NONASSIGNABLE. <br />This AGREEMENT is binding upon the PARTIES hereto and their respective <br />successors by merger, sale, consolidation, or reorganization. This AGREEMENT <br />may not be assigned or delegated without prior written consent of the other PARTY, <br />except that consent shall not be required in the case of a merger, consolidation, or <br />sale of substantially all of a PARTY’s assets. <br />XIII. MATERIAL CHANGE. <br />In the event that CLIENT operations change substantially by merger, acquisition, <br />expansion, or other material change, thus changing the scope and nature of <br />exposures, losses, and/or insurance program(s), the PARTIES will negotiate in <br />good faith to revise this AGREEMENT’S compensation arrangement as <br />appropriate. It is agreed and understood that a material change shall include a <br />change in existing coverage or limits, and/or lines of coverage. <br /> <br />XIV. RELATIONSHIP OF THE PARTIES. <br />At all times and for all purposes, the relationship between the PARTIES is intended <br />to be that of independent contractors and there is no intent to create a joint venture <br />relationship, and any person representing ALLIANT, shall be an independent <br />contractor to CLIENT, and the AGREEMENT shall not in any way be construed <br />as a contract of employment between CLIENT and ALLIANT’S agents. In <br />addition, the PARTIES agree that, except as otherwise provided herein, CLIENT <br />shall not be obligated for any expense incurred by ALLIANT in rendering <br />SERVICES, or by engaging in any other transaction or conduct arising out of this <br />AGREEMENT.\ <br /> <br /> <br />Docusign Envelope ID: 900D8F9B-814C-40AE-852C-9F135EC6ECAE