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EXHIBIT 1 2. Certificates of insurance shall be furnished to the City upon execution of this Agreement and shall be approved by the City. 3. The District shall supply City with a fully executed additional insured endorsement. Fire and Casualty Insurance Section 8.03. District shall, at District's own cost and expense, at all times during the term of this lease, keep all Improvements on the Premises, including Previous Improvements, insured for their full replacement value by insurance companies authorized to do business in the State of California against loss of destruction by fire and the perils commonly covered under the standard extended coverage endorsement to fire and earthquake insurance policies in the county where the Premises are located. Specific Perils to Be Insured Section 8.04. Notwithstanding anything to the contrary contained in Section 8.03 of this lease, the insurance required by Section 8.03 of this lease shall, whether or not included in the standard extended coverage endorsement referred to in Section 8.03, insurance all improvements, including significant improvements, on the Premises against loss of destruction by earthquake, flood, windstorm, cyclone, tornado, hail, explosion, riot, civil unrest, malicious mischief, vandalism, aircraft, fire, smoke damage, and sprinkler leakage. Furthermore, the insurance required by Section 8.03 of this lease during the construction of the significant improvements described in Article 5 shall include coverage for course of construction, vandalism, and malicious mischief, insuring the significant improvements during its construction and all materials delivered to the site of the significant improvements for their full insurable value. Deposit of Insurance with City Section 8.05. District shall, within 10 days after the commencement of the lease and promptly thereafter when any such policy is replaced, rewritten, or renewed, deliver to City a true and correct copy of each insurance policy required by this lease or a certificate of insurance from an authorized agent of the insurance companies, providing evidence of the coverages required by this lease. Failure to provide the insurance policies or a certificate of insurance as specified in this Section is grounds for immediate termination of the lease. Notice of Cancellation of Insurance Section 8.06. Certificates and policies shall state that the policies shall not be canceled or reduced in coverage or changed in any other material aspect without thirty (30) days prior written notice to the City. #iznazVz 75B-17