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iii. Partner Organization is financially capable of retaining an Ally for the Term and Partner Organization's signing of this Agreement shall serve as Partner Organization's valid, written and binding obligation to contribute $27.754.00 gross income towards the Ally's term stipend and program related costs, as described in Section I(B)(i) and (ii). Some of those costs will be reimbursed by Public Allies San Francisco/Silicon Valley as outlined in Section I(A)(iii). B. Public Allies San Francisco/Silicon Valley or Public Allies, Inc. will not be responsible for any act or omission of any Ally while such Ally is under the control of Partner Organization, or of Partner Organization, or of any agent, officer, employee or other person acting for or on behalf of Ally or Partner Organization. Public Allies San Francisco/Silicon Valley makes no representation or warranty as to: I. the fitness of any Ally for a Position; II. the suitability of the Program or any Position for Ally; III. the effectiveness of Core Training or Training; IV. the content of any Evaluation or Assessment; or v. the ability of Public Allies San Francisco/Silicon Valley to mediate disputes. C. Each of the Parties represents and warrants that it has all necessary power and authority to enter into this Agreement, that its execution thereof has been duly and validly authorized by all necessary corporate or other action on its part, that it has obtained all required governmental and other third party consents necessary for it to enter into this Agreement, and that this Agreement constitutes a valid and binding obligation on its part, enforceable against it in accordance with the terms hereof. V. Miscellaneous Provisions. A. Term of Aoreement. This Agreement shall remain in effect until all of its terms and conditions have been satisfied, including compliance with any requests for additional information clarification or documentation under the provisions hereof. B. Entire Aoreement. This Agreement contains the entire understanding between the Parties hereto, supersedes any prior written or oral agreement or writing signed by the Parties hereto or by operation of law; provided, however, that Public Allies may from time to time modify the provisions of the Public Allies San Francisco/Silicon Valley Partner Organization Supervisor Expectation handbook and the Ally Policies, Graduation Requirements and Expectations handbook. Any modifications shall be considered to be incorporated into, and be part of, this Agreement, as fully as if set forth herein and the Agreement shall continue in full force and effect. Public Allies Partner Organization Agreement 2009-2010 8