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5. Insurance
<br />Prior to undertaking use of the Vehicle under this Agreement, Licensee shall maintain and shall
<br />require its subcontractors, if any, to obtain and maintain insurance as described below:
<br />a. Licensee shall maintain commercial general liability insurance naming the Licensor and
<br />its officers, employees, agents, volunteers and representatives as additional insured(s)
<br />and shall include, but not be limited to, protection against claims arising from bodily
<br />and personal injury, including death resulting therefrom and damage to property,
<br />resulting from any act or occurrence arising out of Licensee's operations in the
<br />performance of this Agreement, including, without limitation, acts involving vehicles.
<br />The amounts of insurance shall be not less than the following: single limit coverage
<br />applying to bodily and personal injury, including death resulting therefrom, and property
<br />damage, in the total amount of $1,000,000.00 per occurrence, and $2,000,000 in the
<br />aggregate. Licensee shall supply Licensor with a fully executed additional insured
<br />endorsement upon execution of this Agreement.
<br />b. Business automobile liability insurance, or equivalent form, with a combined single limit
<br />of not less than $1,000,000 per occurrence. Such insurance shall include coverage for
<br />owned, hired and non -owned automobiles.
<br />c. The following requirements apply to the insurance to be provided by Licensee pursuant
<br />to this section:
<br />Licensee shall maintain all insurance required above in full force and effect for
<br />the entire period covered by this Agreement;
<br />ii. Certificates of insurance and additional insured endorsements shall be
<br />furnished to the Licensor upon execution of this Agreement and shall be approved
<br />in form by the Licensor Legal Counsel; and,
<br />iii. Certificates and policies shall state that the policies shall not be canceled or
<br />reduced in coverage or changed in any other material aspect without thirty
<br />(30) days prior written notice to the Licensor.
<br />d. If Licensee fails or refuses to produce or maintain the insurance required by this
<br />section or fails or refuses to furnish the Licensor with required proof that insurance
<br />has been procured and is in force and paid for, the Licensor shall have the right, at its
<br />election, to forthwith terminate this Agreement.
<br />6. Indemnification
<br />Licensee agrees to and shall indemnify and hold harmless the Licensor, its officers, agents, employees,
<br />consultants, special counsel, and representatives from liability: (1) for personal injury, damages, just
<br />compensation, restitution, judicial or equitable relief arising out of claims for personal injury, including
<br />death, and claims for property damage, which may arise from the direct or indirect operations of the
<br />Licensee or its contractors, subcontractors, agents, employees, or other persons acting on their behalf
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