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18/09 '09 YEN 11:88 PAZ 418 692 2420 CAR I{IER.ES POLYCOR INC ? ?jj011 <br />-1 3.2 Asgignmentt ofperlmits. Upon termination of this Agreemem f <br />and h or any r0004 Lessee shall <br />J ereby does oortvey, transfer, assign and set ovar to Lessor all of <br />interest in and to the ftmits together with copies of all of Lessee's w face, ?o ply, d <br />M*Onmantal and engineering studies and other documents, plans and studies relating or <br />referring to the Permits. For Ut pmpose Lem exaames Lessor its act <br />with full power of substitution, to take such action, exec to such documents am} p rm <br />such deeds, in Lessee's name, place and stead, as may be necessary to carry out the aforesaid <br />assipment of Permits. <br />ARTICLE 4: IWSURANCE AND TNDSbfi iCATrON <br />4.1 Inmraaae. During the Initial Term and the Renewal Term (as same maybe govertled by tlhc <br />terms of the Lease Agreemwt negotiated for same), Lessee shall obudn, maintain and keep <br />iu fWl force and eftbct for the benefit oaf Lessee and Lessor, as their interests may appear, <br />policies of insurauw coveting the following risks: <br />4.1.1 i Fire aW Casr 4VjnsuMue)izhsjnjng 49amst loss or gage by fire and any of the easualties <br />included m the broadest standard form obtainablo of extended coverage or supplementary <br />contract endorsements in an amount sufficient to meet the coimsm mce rmffi ren=ts of the <br />policies, but not less than eightype=ent ($0%) of the full insurable value of the property. <br />4.1.2 Compkehe asive public liability Jinsuraihc?, including p vpvty daama e6 covering <br />--? is amounts not less than Five Millioih Dollars ($5,000,000 fur o the Property <br />death resul ) my out person injured (or <br />Ling) and not less Om Tech Miilien Dollars ($10,000,000) for any one accident <br />(including death resulting) and not less than One Million Dollars ($1,000,000) for property <br />damage per accident, <br />4.1.3. ftht6es Jm-surance' coveting Lessee's personal property to such extent and amount as Lessee <br />shall desire, and in uo event shall Lessor be responsible or liable to Lessee for damage to <br />Lessee's Personal WON <br />4.1.4 prior to the cn=vncemeat of the initial Terry and arhn <br />ually therea$er aihd duiing the <br />Renewal Twmm,, Lessee shall provide, or cause to be provided, to Lessor certificates of <br />insurance showing the for 80* Policies in full fowe and of feat and shall require that <br />renewal cartficates be provided annually dunng the Tunnel Term and the Renewal Tei32h (as <br />may be governed by the torims of the lease agmennent negotiated for same) and to provide <br />Lessor with notice of any change or tMWnation of coverage at least thin (30) days prior to <br />such charge or tE3rlh7inatipn. <br />4.2 Yndeami awdon. Lessee's presence end opfttions, and those of its officers, agents, <br />employees and invitees, on the A* Shull be at its sole cost; =pensa and risk. Lessee <br />hereby covenants and agrees to exonerate, save harmless, protect, iindemniry and de&nd <br />Lessor tom and agaiux any a'nd all liens of moollsalos, matmialmen or laborers, looses, <br />U liabi'litim. damages, claims, suits ar action, judg no and costs by whomsoever sustained <br />and howsoever caused or which may arise firm any cause wbaUoever us a result ofthe use