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REV: 03-28-25 JB rules, regulations, requirement, policies, orders, and standards, of any governmental or other regulatory entity and all covenants, restrictions and provisions of record, whether presently in effect or subsequently adopted and whether or not in the contemplation of the parties (“Laws”). LICENSEE shall, at its sole cost and expense, procure and maintain in force at all times during its use of the City Property any and all business and other licenses or approvals necessary to conduct the activities allowed hereunder. LICENSEE understands and agrees that CITY is entering into this License in its capacity as a property owner with a proprietary interest in the License Area and not as a 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. ATTY/AGR.2025.059/Carlsen Motor Cars (License Agreement 1402 Maple Street) (Page 8 of 15)