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Volume III, Tab 1 <br />• <br />7. 8RL agrees to indemnify and hold Owner harmless of and from any and ell costs, <br />liability and expense for damages to Owner or third persons caused by any act or omission on <br />the part of BRL or its Contractors arising out of the exercise of this Agreement. <br />8. This Agreement shall be binding on the successors and assigns of the parties. <br />• <br />• <br />-2- <br />