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i <br /> SECTION III <br /> • <br /> Term of Contract <br /> This is an annual agreement with the service year beginning June 1, 1999 and <br /> ending May 31, 2000. <br /> Either party shall have the right to terminate this agreement upon 60 days written <br /> notice. In case of such notification, PCC shall return to the member, on a pro-rata basis, <br /> the unearned balance of the year's membership fee, <br /> SECTION IV <br /> This agreement may be amended by mutual written consent of both parties hereto <br /> duly exercised and signed by both. <br /> SECTION V <br /> Each party to this agreement binds themselves and their partners, successors, <br /> executors, administrators, and assigns to the other party of this agreement and to the <br /> partners, successors, executors, administrators, and assigns of such other party, in respect <br /> • to all covenants of this agreement. Nothing herein shall be construed as giving any rights <br /> or benefits hereunder to anyone other than the parties to this agreement. PCC reserves <br /> the right to assign their interest in this contract to a related entity, so long as the <br /> performance and terms of the program remain as outlined herein. <br /> In witness whereof, the parties have executed this agreement on the day <br /> of , 1999 <br /> Pelstr Trapital Cor tii Elk River EDA <br /> By By <br /> Patrick W. Peistring, President <br /> Its <br /> Attest <br /> Its <br /> • <br /> 3 <br />