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4. Contract Renewal Option. It should be noted that City and the Contractor shall retain the right to renew the signed Agreement for additional one-year periods up to, but not exceeding, four (4) additional years. This Agreement may be renewed only by mutual agreement between the parties involved. Each party retains the right not to renew the Agreement at the time of its annual review. If the parties agree that the terms shall continue, the base contract amount shall be increased annually, beginning on July 1, 2009, by the May percentage published in the Engineering News Record (ENR) Construction Cost index for San Francisco. The only items that shall be subject to negotiation are the following: a) additional items of work b) new sites. 5. Compensation: For the services to be rendered hereunder, City shall pay Contractor $6,500 per month, not to exceed $78,000 per year. 6. Method of Payment. Payment shall occur within 30 days of approval of the monthly invoice. 7. Indemnification. Contractor shall indemnify, save and hold harmless from and defend the City, its officers, agents, and employees, against any and all claims, costs, demands, causes of action, suits, losses, expense or liability arising from, or alleged to have arisen, from any acts or omissions of Contractor, its agents, sub-contractors, officials or employees, in connection with the execution of the work covered by this Agreement, as it may be amended, except for the sole negligence or willful misconduct of the City. This indemnification includes any claim that the materials or equipment provided under this Agreement, or any tool, article or process used in manufacture of such tools or equipment, constitutes an infringement of any patent issued by the United States. This entire indemnification provision shall survive termination or cancellation of this Agreement. 8. Insurance. During the term of this Agreement, Contractor shall maintain in full force and effect at its own cost and expense the following insurance coverage: a. General Liability and Bodily Iniury Insurance A commercial general liability insurance for at least $1,000,000 combined limit for bodily injury and property damage and provide that the City, its officers, employees and agents are named additional insured under the policy. The policy shall state in writing either on the Certificate of Insurance or attached rider thereof that this insurance will operate as primary insurance for work performed by Contractor and its subcontractors, and that no other insurance effected by City or other named insured will be called on to cover a loss covered thereunder.