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indemnity provisions of Section 10. The limits of said insurance shall not, however, limit the liability of Tenant hereunder. 12.2 Tenant's Property Insurance. Tenant shall, at Tenant's sole expense, obtain and keep in force during the Term of this Lease, a policy of fire and extended coverage insurance including a standard "all risk" endorsement, and a sprinkler leakage endorsement (if the Premises shall be sprinklered), insuring the inventory, fixtures, equipment, personal property, and leasehold improvements and alterations of Tenant within the Premises for the full replacement value thereof, as the same may increase from time to time due to inflation or otherwise. The Landlord shall have no interest in the proceeds of such insurance. 12.3 Landlord's Liability Insurance. Landlord shall maintain a policy or policies of commercial general liability insurance insuring Landlord (and such other entities as may be designated by Landlord) against liability for personal injury, bodily injury or death and damage to property occurring or resulting from an occurrence in, on, or about the Property with liabilities limits as Landlord may determine in its sole discretion. 12.4 Property Insurance. Landlord shall obtain and keep in force during the Term of this Lease a policy or policies of insurance for the benefit of Landlord and Tenant covering loss or damage to the Building(s), but excluding coverage of merchandise, fixtures, equipment, and leasehold improvements of Tenant, which are not considered part of the real estate for insurance purposes, in the amount of the full replacement value thereof, providing protection against all risks of direct physical loss or damage (except the perils of flood and/or earthquake), including coverage for debris removal and the enforcement of any Applicable Requirements requiring the upgrading, demolition, reconstruction or replacement of any portion of the Premises as the result of a covered loss. Said policy or policies shall also permit the waiver of subrogation. If such insurance coverage has a deductible clause, the deductible amount shall not exceed $50,000 per occurrence. All proceeds under such policies of insurance shall be payable to Landlord, and Tenant shall have no interest in or right to such proceeds. 12.5 Other Insurance. Tenant shall obtain worker's compensation and employer's liability or other similar insurance to the extent required by Applicable Laws. 12.6 Insurance Policies. The insurance required to be obtained by Tenant pursuant to Sections 12.1 and 12.2 shall be primary insurance and (a) shall provide that the insurer shall be liable for the full amount of the loss up to and including the total amount of liability set forth in the declarations without the right of contribution from any other insurance coverage of Landlord, (b) shall be in a form satisfactory to Landlord, (c) shall be carried with companies reasonably acceptable to Landlord, and (d) shall specifically provide that such policies shall not be subject to cancellation, reduction of coverage or other change except after at least the insurance provider endeavors to provide thirty (30) days prior written notice to Landlord. The policy or policies, or duly executed certificates for them, together with satisfactory evidence of payment of the premium thereon, shall be deposited with Landlord on or prior to the Commencement Date, and upon each renewal of such policies, which shall be effected not less than, thirty (30) days prior to the expiration date of the term of such coverage. Tenant shall not Redwood City Lease 10.07. 2010 v.4 (20 Chemical) 11