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defined as any increase in theacNal cost of the Insurance required kinder Paragraph 8.2(b), 8.3N) and 8.3161, over and Rome the Base Premium as hereinafter defined
<br />calculated on an annual basis. Insurance Con Increase shall include but iod be limited OR iOcreases resulting hnm the nature of lenee'socmpancy, any act at
<br />omission of Lessee, regnorme,"ta of the holder of mnrtg.ge .,deed of bust coveting the Premises, increased ualuafon of the Premises and/ora premium to
<br />increase. The parties areenmuagedtUt fill in the Base Premium in Paragraph 1.8 with unreasonable Premium for the Required Insurance based on the Agreed Use of
<br />the Premises. If the ecre,fif to fused a dollar amount a pangaph L8, then the Base Premium shall be the lowesta a.ml premium reasnnably obtainable for the
<br />Required Insumme as of the commememenl of the Original Term for the Agreed Use of the Premise, in no event, however, shall lessee be responsible Witter,
<br />portion of the increase in the premium cost attributable Lo liability insurance cared by Lessor under Poagmph 8.211d) in earo ssef $2.=, Mq per occurrence.
<br />(Of Lessee shall pay any such Into.." Can Increase to Lessorwithin 30 days after receipt by Lessee of a copy of the premium statement or other
<br />reasonable evidence of the amount due. If the insurance Entities maintained hereunder cover other property besides the Premises, Lessor shall also deliver to Lessee
<br />a statement of the amount of such insurance Con Increase attributable only to the Premises showing in reasonable detail the manner in which such amount was
<br />computed. Premiums for policyperiodsinmmencing prior to, or extendng beyond the term of Nis Lease, shall be pmafed to correspond mike term of Nis tease.
<br />8.2 Liability Imumnce.
<br />(a) Caniedbytessee. Lessee shall obtain and keep in force aCommercial General Vabgdy polity of insurance protecting Lessee and Lessor as an
<br />additional insured against claims for bodily injury, personal injury and Property damage based upon er arising nut of the ownership, use, occu ianry or maintenance of
<br />the Premises and all areas appurtenantthere[E. Such Insurance shall Won an Occurrence basis providing single Ihnit coverage in an amount not less than $I,WD,000
<br />peroccurrence with an annual aggregate of not less than$2,000,000. Lessee shall add Lessor as an additional insured by means of an endorsement at least as broad
<br />as the Insurance5ervice Organization's'AddHunal Insured Managers or lesson of Premises" Endorsement. The If, shall not rontain any iota -Ensured exclusions
<br />as between insured persons compmeaflnns, but shall include coverage for liability assumed under this Lease asan "insured contract" for the par ermanneof Lessee's
<br />indemnityobligagons underthis lease. The grafts of said insurance shall not, however limit the liability of Lessee nor celiere ,w, of any obligation hereunder.
<br />Lessee shall provide an endorsement on its liability policy(iesi which proveidesthat its insurance shall be primary to and not camribumry with anysimilar insurance
<br />carried by Lessor, whose fnsumnce shall be considered excess insurance only.
<br />(b) Camalby Lesser. Lesmrsball maintain liability Nsuafice as described in Paagaph 8.2fa), in addition te, and not in lieu of. the insurance required to
<br />ber maintained by Lessee. Lessee shall not be named as an additional insured therein.
<br />8.3 Property Msumme- BWlding, lmprovemems and Rental Value.
<br />(a) Endling and Improvements. The Insuring fintnaB obtain and keep in fame a policy or policies in the name of Less., with lossparp1to to Lane,
<br />any ground -lessor, and to any lender Insuring loss or damage to the Premises. The amount of such insurance shall be equal to the full insurable replacement cost of
<br />the Premises, as the sameshali exist from time he time, or the amount required by any Lender, but In no event more than the commercially reasonable and available
<br />insurable value thereof. Lessee Owned Afterations and Might Installations, Trade Fixtures, and Lessee's personal property shall be insured by Lessee not by Lesson if
<br />the coverage isaailabie and commercially appropriate, such policy orpolides shallion a against all risks i f direct physical lasso, damage (exep flu, perils of Hood
<br />and/or earthquake unless required bye Lender m included in Me Base Premium), including coverage for debris removal and the onfnrcement afany Applicable
<br />Btquirements requiring the upgrading, demolition, reconstruction or eplarement of anyportgen of the Premises as the result ofa covered loss. Said polity or-Mlicies
<br />Shall also contain an agreed valuation provision in lieu ofare, coinsurance clause, waiver of subrogation, and inflation guard pmtetti.n causing an increase In the
<br />.....tproperty insurance coverage amount by a Poctorof oat less than the adjusted U.S. Department of labor Consumer Pace Index for Ali Urban Consumers for the
<br />cityneamst wwhem the Premises are looted, if smh insurance [avemgehas a deductible clause. the deductible amount shall not carried $5," Per mou nwo,e,
<br />.ad Lessee shall be liable (.,such deductible amount In the event.(an Imused Loss.
<br />(b( RentRIValue. The Insuring Party shall obtain and keep in force a policy orpo0oy, in the name Efte.sor with gets payable to Lessor and any tender,
<br />WHIMPg the loss of the or Rent for ora year wHh an extended period of indemnity for an additional ME days ("Rental Value insurance"). 5aid insurance shall contain
<br />an agreed transition provision in lieu of any coinsurance clause, Rod the amount of coverage shall beadiNted annually to refNa the projected Rent otherwise Payable
<br />by lessee, forthe next 12 month period, lessee shall be liable for any deductible amount in Me event of such lass.
<br />(c) Adjacerd Pmm{ses. If the Promisesam partof a larger building, prof a group of buildings owned by Lessor which ..adjacent to the premises,the
<br />Lessee shall pay for any increase in the premiums forthe property insurance of such building or buildings if said increase is.ueetl by Lessee'sN S, Emissions, use Or
<br />occupancy of the Promises.
<br />&4 lessee's Property;Business Inwmption Imumme{WerkeesC mpe.mt nin mnce.
<br />(a) Property Damage. lesseeshallobdin and maintain insuancecoveage on all of tossee'speaonal property, Trade Fixtures, and Lessee Owrced
<br />ARembans and Utfifty Installations. Such insurance shall be full replacement costmvenge with a deductible of notte exceed $1,000 per occurrence. The proceeds
<br />from any such insurance shall be used by Lessee forthe replacement of personal property, Trade Ffi do es and Lessee Owned AReradons and LRHityInstallations.
<br />(b) Bu9rmasbstenuptied. Lessee shall obtain and maintain Loss nt income and most expense insurance in amounts as will reimburse lessee for direct or
<br />indirectioss of eared., attributable mall perils commonly insured against by prudent lessees in Me business of fosse¢ or attributable to prevention of access he the
<br />PremVSESas a result of stroll perils.
<br />(c) Worker's Compensation lnsunnce. Lessee shall obtain and maintain WorkersCompensatio, Insurance in such amount as may be required by
<br />Applicable Requirements. Such Poury shall Include.' Waiver or5uhmgafion' endorsement. Lessee shall provide Lessmwith a comfif such endorsement along with
<br />the certificate of fnsumnce or copy of the polity required by paragraph &5.
<br />(it) Ne Rajosomdaffon.Ablauuamfnvemge. Lessor makes no representation that the limits or fmmsef osvemgo ofinsuman specified herein are
<br />adequate to rover Lessee's PmPertg business operatumS or obligations under Ends Lease.
<br />85 imumficarPulkies. Insuamz required herein shall be bycompanies maintaining during the poliryterm a'Ceneral PngryhELoert Rating"of at Man A-, VII,
<br />as set forth in the man current issue of"Best's lnsumme Guide", or such other rating as may be required by a Under, Lessee shall net do or permit o be done
<br />.,Mm, which invalidates the required fnsumnce policies lessee shall, prior mthe Start Date, deliver to Lesser certiPed minus of policies of such Insurance or
<br />ce,dfieates with copies of the required endorsements evidencing the existence and amounts of Me required insurance. Nosuchpolk shallhecanceiablam,objest
<br />to modifimbon except after 30dWs prbr written notice to Lessor. Lessee shall, at lean 10 days prior W Me expiration of such policies, furnish Lessor with evider¢e of
<br />renewaB or "insurance bindrrs" evidencingrenewal thereof, err Lessor mayor[lease his Ilabigty insurance coverage and charge Ne cost Nererf[o Lessee, which
<br />amqum shall be payable by Lmsee to lessor upon demand. Such policies shall brio, a term of at Mast oneyear orthe ienglh Ef the remamingterm of this Lease,
<br />whlcheverist.l. if either Party Shall (Oil to procure and maintain the insurance required to be carved by it, the other Party may, but shall not be required to, procure
<br />oral maintain the same.
<br />8,6 Vinharof Subrogation. Without affecting any other rights or remedies, Lessee and Lessor each here by release and relieve the other and waive their entire
<br />fight to recover damages against the other, for loss of or damage to its property arising out ofor incident to Me perils required to be insured against herein. The
<br />effect of such releases and waivers is not limited by the amount of insurance Earned or required. or by am deductibles appliable hereto. The Parties agree to have
<br />theimespective property damage Insurance.uierswaive arty right to suHrogatton that such companies may have against lesSmar Lessee, -as these may be,so
<br />long as thcinsuran.e isnot inwiidaRtl thereby.
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<br />INITIALS Cart Edited: 3/18/2020 6:28 PM IN
<br />® 2017AIR CRE. All Rights Reserved. S'115-27.20, ReyiSed11-01-2017
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