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to the respective directors, officers, employees and agents of the parties thereto. <br /> 12. Unless otherwise set forth in this Agreement or unless this paragraph is <br /> subsequently modified by written amendment to this Agreement,the term of this Agreement <br /> shall be one (1} year, beginning on the Effective Date of this Agreement, or one (1) year, <br /> beginning on the Effective Date of the construction contract for said work, whichever occurs <br /> later. <br /> 13. This Agreement shall be binding upon the respective successors and assigns of the <br /> parties hereto. <br /> ATTY/AGR/2012.066/COST SHARING AGREEMENT FOR CAPE SEAL(WILMINGTON-CALIFORNIA-HAMILTON) <br /> REV:OS-24-12 VR <br /> Page 5 of 6 <br />