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shall notify the other in writing on or before August 20 that it elects to terminate the contract on December 31 of that year. SECTION 4 - COMPENSATION OF FIRE COMPANY The Town, in consideration of the Fire Company faithfully complying with all the terms and conditions herein set forth, shall pay to the Fire Company and the Fire Company shall accept from the Town fifty percent (50%) of the contract amount by April 1 of the current contract year, and the remaining fifty percent (50%) in accordance with Schedule A attached hereto, which contains a schedule and requirements. All monies charged hereunder shall be a charge upon the District and collected with Town taxes. Said sum shall be considered a definite sum, as required by § 184(5) of the Town Law and delineated on Schedule A, attached. SECTION 5 - FIRE COMPANY TO COMPLY WITH LAW The Fire Company agrees to comply with the provisions of Sections 103-a and 103-b of the General Municipal Law and Section 139-b of the State Finance Law, regarding waiver of immunity when called before a Grand Jury. All other provisions of law required to be made a part of this Contract are hereby deemed incorporated herein. Performance under the terms and conditions of this Contract shall be subject to conformance with all applicable laws, rules and regulations in effect as of the date of this Contract including without limitation, the necessary reports and filings to be made under § 519 of the Not For Profit Law and §§ 30-A and 33a of the General Municipal Law. SECTION 6 - ASSIGNMENT This Contract may not be assigned by the Fire Company or its right, title and interest therein assigned, transferred, conveyed, sublet or disposed of without the prior consent, in writing, of the Town. SECTION 7 - REMEDIES This Contract may be terminated upon a material breach which remains uncorrected after thirty (30) days written notice to the Fire Company by the Town sent by certified mail, return receipt requested. Upon termination, the Company shall remit a pro-rata share of the contract amount to the Town. SECTION 8 - TOWN TO ASSIST WITH CERTAIN SERVICES In consideration of the services provided by the Fire Company, the Town agrees to use its best efforts to obtain assistance in the preparation of grant applications on a discounted basis for the Fire Company. It is understood that the Town shall not be obligated to obtain such discounted services. Any unpaid charges arising from the performance of any services by the grant consultant shall be considered a charge against the Fire Company and may be deducted from any future payment made pursuant to this Contract or any future Contract hereinafter -5-