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DAS:sh 10/15/86 EXHIBIT "A" 2. LIABILITY INSURANCE. A policy or policies of public liability insurance insuring the Lot Owners (including the personal liability exposure of individual Owners) against any liability to the public, the City, the Lot OWners and their invitees or tenants, incident to the ownership and/or use of the Road arising from claims for personal injury, death or property damage occurring upon, in or about the Road, or any other improvements, fixtures or equipment located thereon or therein, or in or about sidewalks. Limits of liability under such insurance shall be not less than One Million Dollars ($1,000,000.00) for bodily injury or death, One Hundred Thousand Dollars ($100,000.00) for property damage for each occurrence, and One Million Dollars ($1,000,000.00) for comprehensive personal liability coverage. Such limits shall be reviewed by Lot Owners representing fifty percent (50%) or more of the assessed cost at least annually and shall be increased as necessary to reflect inflation in property values and awards for personal injury or wrongful death. Any such policy shall be issued on a comprehensive liability basis, shall be cross-liability endorsed so as not to prejudice the rights of the named insured with respect to any action against another named insured, shall provide for a full waiver of all defenses based upon acts of insured, and shall provide that it may not be cancelled without ten (10) days' prior written notice to the Lot OWners. The cost of said insurance shall be assessed to each Lot equally, and within fifteen (15) days after notification the assessment shall be paid into the Maintenance Fund established in Section 5.1. Notwithstanding the foregoing, in the event Lot Owners are unable to obtain insurance coverage in the amounts, or for the risks, specified hereinabove at reasonable cost after extending diligent efforts to obtain such insurance. Lot OWners may apply to the Council of Redwood City for an exception to the said requirements, which the Council may grant as to amounts of coverage and/or risks covered as the Council, in its discretion, shall determine, subject to approval as to form by the City Attorney of the City of Redwood City. If Owners wish to apply to the Council for an exception to the said requirements, OWners shall do so by filing its application for said exception with the City Clerk of the City of Redwood City. 3