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Self -insured retentions must be declared to and approved by the Customer. The Customer may require the <br />Company to purchase coverage with a lower retention or provide proof of ability to pay losses and related <br />investigations, claim administration, and defense expenses within the retention. The policy language shall <br />provide, or be endorsed to provide, that the self -insured retention may be satisfied by either the named <br />insured or Customer. <br />Acceptability of Insurers <br />Insurance is to be placed with insurers authorized to conduct business in the state with a current A.M. <br />Best's rating of no less than A:VII, unless otherwise acceptable to the Customer. <br />Claims Made Policies (note — should be applicable only to professional liability, see below) <br />If any of the required policies provide claims -made coverage: <br />• The Retroactive Date must be shown, and must be before the date of the contract or thebeginning of <br />contract work. <br />• Insurance must be maintained and evidence of insurance must be provided for at least five (5) years <br />after completion of the contract of work. <br />• If coverage is canceled or non -renewed, and not replaced with another claims -made policy form <br />with a Retroactive Date prior to the contract effective date, the Companymust purchase "extended <br />reporting" coverage for a minimum of five (5) years after completion of work. <br />Verification of Coverage <br />Company shall furnish the Customer with original Certificates of Insurance including all required <br />amendatory endorsements (or copies of the applicable policy language effecting coverage requiredby this <br />clause) and a copy of the Declarations and Endorsement Page of the CGL policy listing allpolicy <br />endorsements to Customer before work begins. However, failure to obtain the required documents prior to <br />the work beginning shall not waive the Company's obligation to provide them. <br />The Customer reserves the right to require complete, certified copies of all required insurance policies, <br />including endorsements required by these specifications, at any time. <br />Subcontractors <br />Company shall require and verify that all subcontractors maintain insurance meeting all the requirements <br />stated herein, and Company shall ensure that Customer is an additional insured on insurance required from <br />subcontractors. <br />Special Risks or Circumstances <br />Customer reserves the right to modify these requirements, including limits, based on the nature of therisk, <br />prior experience, insurer, coverage, or other special circumstances. <br />6.9. Assignment and Subcontracting. This Agreement, including any order entered into hereunder, is <br />assignable by either party with the other party's prior written consent, which consent shall not be <br />unreasonably withheld. Either party may assign this Agreement and orders entered hereunder, in whole <br />or in part, to an affiliate, subsidiary, joint venture, or third party into which said party is merged or which <br />acquires substantially all of a parry's assets or control of said party. Company may freely subcontract any <br />or all of the work hereunder, provided that Company shall retain responsibility for the work <br />subcontracted. <br />6.10. Notices; Party Representatives. All notices, demands or other writings to be made, given or sent <br />hereunder or which may be so given or made or sent by Customer or Company to the other shall be <br />deemed to have been given in writing and personally delivered or if mailed on the third (31a) day after <br />being deposited in the United States mail, certified or registered, postage prepaid, and addressed to the <br />respective Parties at the following addresses: <br />If to Company: <br />Packet Fusion, Inc. <br />4301 Hacienda Drive, Suite 400 <br />PH MSA Page 6 of 8 Rev. 4.30.2022 <br />