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communications and reports, for the adoption of any plans and for implementing any <br />plans you may develop, including any that we may discuss with you. <br />You agree that it is appropriate to limit the liability of KDV, Ltd. its shareholders, <br />directors, officers, employees and agents and that this limitation of remedies provision is <br />governed by the laws of Minnesota, without giving effect to choice of law principles. <br />You further agree that you will not hold us liable for any claim, cost or damage, whether <br />based on warranty, tort, contract or other law, arising from or related to this agreement, <br />the services provided under this agreement, the work product, or for any plans, actions or <br />results of this engagement, except to the extent authorized by this agreement. In no event <br />shall we be liable to you for any indirect, special, incidental, consequential, punitive or <br />exemplary damages, or for loss of profits or loss of goodwill, costs or attorney's fees. <br />The exclusive remedy available to you shall be the right to pursue claims for actual <br />damages that are directly caused by acts or omissions that are breaches by us of our <br />duties under this agreement. <br />Government Auditing Standards require that we provide you with a copy of our most <br />recent external peer review report and any letter of comment, and any subsequent peer <br />review reports and letters of comment received during the period of the contract. Our <br />2014 peer review report accompanies this letter. <br />We appreciate the opportunity to be of service to the City and believe this letter <br />accurately summarizes the significant terms of our engagement. If you have any <br />questions, please let us know. If you agree with the terms of our engagement as <br />described in this letter, please sign the enclosed copy and return it to us. <br />Sincerely, <br />KERN, DEWENTER, VIERE, LTD. <br />Steven G. Wischmann <br />Certified Public Accountant <br />RESPONSE: <br />This letter correctly sets forth the understanding of the City of New Brighton, Minnesota, <br />By: <br />Title: <br />Date: <br />10 <br />