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stafus is requfued pursu,lnt to the-IRN'IA exemption, as interpreted from time to time 6y the SEC).Client acknorvledges and agrees that any reference to PFIv{, its personn"l and its role as IRNfu\,i'cluding in the writtet represenration of clent requited 'ndeisEc R"l. i;t;l:iiJXtX.n)63j ,h"[ <br />l1-s-ubiect-to prior approval by PF\{- Client furthei agrees not ,o ,.pr=."n, thar pFlv{ is client,sIRNIA with lesPect to any aspect of a municipal ,e.*ities issuance or municipal financial produ6,outside of the scope of sen'ices without pFlvi's prior wrinen consent. <br />?' I\'ISRB Rule G-42 requires tlrat rnunicipal advisors make wrimen disclosures ro irsclients of all material conflicts of intirest and certain Lgl o, disciplinary events. such disclosuresare pro\"ided in PFIV's Disclosute Staternenr delivered to Cli.rrt tog"th.i with &is Agreement. <br />IV. FINANCIALADVISORYCOMPENSATION <br />For the services provided under tiris Agteement, PFIvI's professional fees shali be paid asprovided in Exhjbit.B to this Agreement and Client shall poy.*i.nr., and fees for other senicesnot set foth in Exhibit A as provided belorv. <br />l. Reimbrirsable Expenses <br />In addition to fees for services, PFIVI will be reimbursed for necessary, reasonable, anddocumented out-of-pocket exPenses incurred, including ravel, meals, f"agr"g, telephone, mrit, <br />"rraother ordinary cosr and any acrual exrraordinar], cost fJr graphics, pdrtinj, dito p*".rri;g ^;lcomputer rime rvhich are incutred by PI;IvI. The Client.rilf L. r.sponsibl-e fo, "*p.nr", oirt*a-parttes providing separate services, including bond rating og"rrcies, bond counsel, of{iciai statementdisuibution, and fiscal agent or refunding ^f.nrr. upo",-r.iu.s, of clirnr, documentarion of suclrexpenses rvill be provided. <br />2. Other Sen'ices <br />Any services rvhich are not included in the scope of services ser forrh in Exhibir A of thisAgreement rvill be subjecr to separate, murually accept;ble fee stn:ctutes. <br />IV. TERMS AND TERMINATION <br />This Agreement shall.be effecrive upon execurion unti] December 31,2lfi (the .,Inirial <br />1:*. ] and may renerv for additional 2 1'ear penods (each a "Renewal Term,j and together roiih th.Initi*l rerm, the "Term'). This Ageement ;har remain in effect unless cnnceled in ir*ng b1. eitherparq' upon rhirqy (30) days rvritten norice ro the otlrer parry. <br />V. ASSIGNMENT <br />PFM shal.l 'ot assigr.r any interest in trris Agteemenr or subcontract anJ, of rhe rvorkperfotrned unde!{re Agteement rvitirout the prior-rwimen consent of the Client; provided that uponnotice to Client, PFIvI may a.ssign rhis Agreernent or anl,inrerests hereunder to a municipnt advisorenrity registered with the SEC that directlv or indirecdliconrrols, is conaolled by, or is u'dercommon control with, PFI\.{. <br />)