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REV: 03-19-25 JB regulatory agency with police powers. LICENSEE further understands and agrees that no approval by CITY for purposes of this Agreement shall be deemed to constitute approval of any federal, state, CITY or other local regulatory authority with jurisdiction, and nothing herein shall limit LICENSEE's obligation to obtain all such regulatory approvals at LICENSEE's sole cost and expense, or limit in any way CITY's exercise of its police powers. 18.Insurance. During the term of this Agreement, LICENSEE shall maintain the following insurance coverages. The insurance carrier is required to maintain an A.M. Bet rating of not less than “A:VII”: A.Commercial General Liability Insurance. Commercial general liability insurance written on a form that provides coverage at least as broad as form ISO CG 00 01 10 01 (12/04 Edition), covering the insured with a duty to defend against claims of bodily injury, personal injury and property damage arising out of LICENSEE’s activities (which shall include the Activities described in Section 5 above), assumed liabilities, or use of the Property, including contractual liability coverage for the performance by LICENSEE of the indemnity agreements set forth in this Agreement, and coverage for damage to the Property (including all improvements in LICENSEE’s care, custody, or control), for limits of liability not less than: Bodily Injury, Personal Injury and Property Damage: $2,000,000 each occurrence and $4,000,000 annual aggregate. B.Automobile Liability Insurance. Automobile liability insurance policy with a minimum limit of not less than $1,000,000 per accident. Coverage shall be applicable to all owned, hired or non-owned vehicles on the License Area. C.Workers’ Compensation and Employers’ Liability. Workers’ compensation policy 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. LICENSEE shall submit to City, along with the certificate of insurance, a Waiver of Subrogation endorsement in favor of City, its officers, agents, employees, and volunteers. D.Damage to LICENSEE Property. LICENSEE hereby waives any recovery of damages against CITY (including their employees, officers, directors, agents, or representatives) for loss or damage to any personal property. E.Other. 1) The minimum limits of policies of insurance required of LICENSEE under this Agreement shall in no event limit the liability of LICENSEE under this Agreement. All policies required hereunder shall be endorsed to: (i) name CITY as additional insureds; (ii) be primary insurance as to all claims thereunder and provide that any insurance carried by CITY is excess and is non-contributing with ATTY/AGR.2025.048/Towne Motor Company (License Agreement 1402 Maple Street) (Page 8 of 15)