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(ii) Workers' Compensation and Employers' Liability. Workers' compensation policy is written in accordance with the laws of the State of California. This policy shall include Employer's liability coverage with limits not less than $1,000,000 per occurrence. The Licensee shall submit to the City, along with the certificate of insurance, a Waiver of Subrogation endorsement in favor of the City, its officers, agents, employees, and volunteers. (iii) Damage to the Licensee Property. Licensee shall be responsible, at its expense, for separately insuring Licensee's personal property. The Licensee hereby waives any recovery of damages against the City (including their employees, officers, directors, agents, or representatives) for loss or damage to any personal property, including, but not limited to the Licensee's Improvements. B. Notice of cancellation and Failure to Maintain Coverage. This insurance shall not be canceled or coverage changed unless thirty (30) days' prior written notice shall have been given to the City per the Notices provisions of this agreement. Notwithstanding anything to the contrary in this License Agreement, this License Agreement shall terminate immediately, without notice to Licensee, upon the lapse of any required insurance coverage without prior written notice. C. Other Requirements. All policies required hereunder shall not reduce or void the coverage as to any insured, and shall afford coverage for all claims based on acts, omissions, injury or damage which occurred or arose (or the onset of which occurred or arose) in whole or in part during the policy period. Sudden and accidental pollution coverage in the liability policies required hereunder shall be limited to losses resulting from Licensee's use of the Licensed Area under this Agreement. D. Providing Certificates of Insurance and Endorsements. Prior to Effective Date of this License Agreement, Licensee shall deliver to the City certificates of insurance and additional insured policy endorsements from insurers in a form satisfactory to the City, evidencing the coverages required hereunder, together with complete copies of the policies at the City's request. E. Claims Made Insurance. Should any of the required insurance be provided under a claims made form, the Licensee shall maintain such coverage continuously throughout the Term and, without lapse, for a period of three (3) years beyond the License Agreement expiration or termination, to the effect that should any occurrences during the Term give rise to claims made after expiration or termination of the License Agreement, such claims shall be covered by such claims -made policies. 11. TERMINATION: A. This License Agreement may be terminated at any time by the City or the Licensee for any reason, upon ten (10) business days' written notice. B. This License Agreement shall terminate immediately upon the breach by the Licensee of any terms and conditions of this License Agreement or any terms and conditions imposed during the Renewal Term. REV: 09-10-24 VR ATTY/AGR.2024.156/Sakura (2198 Broadway) (Page 6 of 26)