Agmt11 Fox Theatre Property LLC-Eric and Lori Lochtefeld

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11. Insurance. Agency's Risk Manager, in consultation with the Agency's General Counsel, waives Agency's insurance requirements for purposes of this Agreement. This waiver does not constitute a limitation or cap on Consultant's indemnification obligations under this Agreement. Agency and /or City, their officers, agents, volunteers and employees make no representation that the limits of the insurance specified to be carried by Consultant pursuant to this Agreement are adequate to protect Consultant. If Consultant believes that any required insurance coverage is inadequate, Consultant will obtain such additional insurance coverage, as Consultant deems adequate, at Consultant's sole expense. 12. Business License. Consultant will obtain and maintain a City of Redwood City Business License for the term of the Agreement, as may be amended from time -to -time. 13. Maintenance of Records. Consultant will maintain complete and accurate records with respect to costs incurred under this Agreement. All records will be clearly identifiable. Consultant will allow a representative of Agency during normal business hours to examine, audit, and make transcripts or copies of records and any other documents created pursuant to this Agreement. Consultant will allow inspection of all work, data, documents, proceedings, and activities related to the Agreement for a period of three (3) years from the date of final payment under this Agreement. 14. Ownership Of Documents. All work product produced by Consultant or its agents, employees, and subcontractors pursuant to this Agreement is the property of Agency. In the event this Agreement is terminated, all work product produced by Consultant or its agents, employees and subcontractors pursuant to this Agreement will be delivered to Agency pursuant to the termination clause of this Agreement. Consultant will have the right to make one (1) copy of the work product for Consultant's records. 15. Copyrights. Consultant agrees that all copyrights that arise from the Services will be vested in Agency and Consultant relinquishes all claims to the copyrights in favor of Agency. 16. Notices. The name of the persons who are authorized to give written notices or to receive written notice on behalf of Agency and on behalf of Consultant under this Agreement. For Agency: For Consultant: Redwood City Redevelopment Agency Name: Eric and Lori Lochtefeld Attn: Pat Webb Title: Owners, Fox TheatK Property 1017 Middlefield Road LLC. 441 Address 2221 Broadway Street Redwood City, CA 94063 Redwood City, CA 94063 (650) 780 -7000 Phone No. 650 - 261 -3110 e \1\ 1 ATTY /AGR/2011.006 RDA Downtown WOW Sponsorship Solicitatn 012411