Extract to table

and Quorum Digital Solutions LLC, for the purpose of enhancing Quorum's claims administration, triage, fraud detection, and analytics capabilities; WHEREAS, the Parties desire to set forth the terms and conditions governing Quorum's subscription to and use of the ClaimsIQ™ platform, including matters relating to data ownership, intellectual property, confidentiality, security, indemnification, and related matters; and WHEREAS, the Parties have negotiated the terms set forth herein and in the Exhibits attached hereto and incorporated herein by reference, and desire to memorialize their agreement in this definitive instrument; NOW, THEREFORE, in consideration of the mutual covenants, agreements, representations, and warranties set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: ARTICLE 1 — DEFINITIONS As used in this Agreement, the following terms shall have the meanings set forth below

Capitalized terms used but not defined in this Article 1 shall have the meanings ascribed to them elsewhere in this Agreement or the applicable Exhibit

Without limiting the generality of the foregoing, the Licensee Affiliates shall specifically include: (a) Quorum Property & Casualty Insurance Company, a Connecticut-domiciled insurance company; (b) Quorum Specialty Underwriters, Inc

The ACV for Year 1 of the Initial Term shall be One Million Four Hundred Thousand Dollars ($1,400,000)

The ACV for Years 2 through 5 of the Initial Term shall be subject to adjustment pursuant to the CPI Escalator as set forth in Section 3

Confidential Information shall not include information that falls within the exceptions set forth in Section 6