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DocuSign Envelope ID:CD69645E-E179-40EF-A341-71E82D34CEA1 <br /> G. No separate legal or administrative entity is created by this Agreement. To the extent required <br /> by applicable law, each party is responsible for financing and maintaining a budget for its <br /> activities under this Agreement. To the extent required by applicable law,each party shall act <br /> as its own administrator for its activities under this Agreement. All property acquired and <br /> paid for by a party to this Agreement shall be the property of that party and such property shall <br /> be held and disposed of in accordance with applicable law. <br /> V. <br /> Liability and Immunity Provisions <br /> A. It is understood and agreed between the parties that each party hereto shall be responsible for <br /> its own and its employees' acts of negligence in connection with this Agreement. Neither <br /> party shall be responsible for any negligent act or omission of the other party or its employees <br /> in connection with this Agreement. It is specifically agreed that, as between the parties, each <br /> party to this Agreement shall be individually and respectively responsible for responding to, <br /> dealing with, insuring against, defending, and otherwise handling and managing liability and <br /> potential liability of itself and its employees pursuant to this Agreement. <br /> B. Notwithstanding the foregoing, each party hereto reserves and expressly does not waive any <br /> immunity or defense available at law or in equity, including governmental immunity, for any <br /> claim or cause of action whatsoever that may arise or result from the services provided and/or <br /> any circumstances arising under this Agreement. These provisions are solely for the benefit <br /> of the parties hereto and are not for the benefit of any person or entity not a party hereto;this <br /> Agreement shall not be interpreted nor construed to give any claim or cause of action to any <br /> third party. Neither party shall be held legally liable for any claim or cause of action arising <br /> pursuant to or out of the services provided under this Agreement, except as specifically <br /> provided by law. Where injury or property damages results from the joint or concurrent <br /> negligence of both parties, liability, if any, shall be shared by each party based on comparative <br /> responsibility in accordance with the applicable laws of the state where such injury or property <br /> damages occur, subject to all defenses available to them, including governmental immunity. <br /> C. This Agreement is expressly made subject to the parties' governmental immunity under all <br /> applicable federal, state, and local laws, rules, regulations, ordinances, and policies. Nothing <br /> in this Agreement shall be deemed to waive, modify, or amend any legal defense available at <br /> law or in equity to either party or to create any legal rights or claim on behalf of any third <br /> party. Neither party waive, modify, or alter, to any extent whatsoever, the availability of the <br /> defense of governmental immunity under the laws of the state in which each party is located. <br /> VI. <br /> Miscellaneous <br /> A. Each party has the full power and authority to enter into and perform this Agreement and the <br /> person signing this Agreement on behalf of each party has been properly authorized and <br /> 4 <br />