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SECOND EXTENSION AND AMENDMENT TO AGREEMENT FOR <br />PROPERTY AND CASUALTY INSURANCE BROKER SERVICES <br />This Second Extension and Amendment to that certain Agreement to provide Property and <br />Casualty Insurance Broker Services is entered into effective as ofJanuary 1, 2026, by and between Indian <br />River County, a political subdivision of the State of Florida ("County") and Arthur J. Gallagher Risk <br />Management Services, LLC ("Broker"). <br />BACKGROUND RECITALS <br />WHEREAS, the County and the Broker entered into an Agreement for Property and Casualty <br />Insurance Broker Services effective January 1, 2024; and <br />WHEREAS, Paragraph 2 of the Agreement contains the term and renewal provisions; and <br />WHEREAS, the initial term commenced effective as of January 1, 2024, and ended on December 31, <br />2024; and <br />WHEREAS, the first renewal term commenced effective January 1, 2025, and will end on December <br />31, 2025; and <br />WHEREAS, pursuant to the Agreement, the parties desire to extend the Agreement for an additional <br />one year period; and <br />WHEREAS, the parties wish to Amend the Agreement to include new Termination for Breach <br />language; <br />NOW, THEREFORE, in consideration of the foregoing, and other good and valuable consideration, <br />the receipt and sufficiency of which are hereby acknowledged, the County and the Broker agree as <br />follows: <br />1. The background recitals are true and correct and form a material part of this Second Extension and <br />Amendment. <br />2. The second renewal term shall commence effective January 1, 2026, and shall end on December 31, <br />2026. There are two additional, one-year extensions available on the contract. <br />3. ARTICLE 9 —TERMINATION is amended to include: <br />9.10 A vendor or service provider that breaches such contract during an emergency recovery period <br />(1 -year period that beings on that date that the Governor initially declared a state of emergency for a <br />natural emergency) is to pay a $5,000 penalty and damages, which may be either actual and <br />consequential damages or liquidated damages. <br />4. All other terms and provisions of the Agreement shall be unchanged and remain in full force and effect. <br />