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EXHIBIT C <br />I. INSURANCE REQUIREMENTS. Tenant shall procure and maintain for the <br />duration of the construction of the improvements and facilities on the <br />Premises insurance coverage as follows: <br />(a) Builder's Risk. "Builder's risk" in an All Risk form with Broad Form <br />property damage endorsement in an amount equal to the replacement value of <br />the construction work, which shall be deemed to be at a minimum Two <br />Hundred and Fifty Thousand Dollars ($250,000.00), or such amount as may <br />be determined by Landlord. Landlord shall be named as an additional insured. <br />All builder's risk policies shall be endorsed with the following specific language: <br />i. "The City of San Leandro, the Redevelopment Agency of the City of San <br />Leandro, the San Leandro Economic Development Agency, its officers, <br />employees, agents and volunteers are named as an additional insured for <br />all liability arising out of the operations by or on behalf of the named <br />insured in the performance of this agreement. <br />ii. "This policy shall not be canceled or materially changed without first <br />giving the Redevelopment Agency of the City of San Leandro thirty (30) <br />days' written notice by certified mail." <br />iii. "The insurer waives the right of subrogation against the City of San <br />Leandro, the Redevelopment Agency of the City of San Leandro, the San <br />Leandro Economic Development Agency and against its agents and <br />representatives." <br />(b) Workers' Compensation. Workers' Compensation Insurance with <br />statutory limits as required by the Labor Code of the State of California. <br />Tenant shall require the general contractor and all subcontractors similarly to <br />provide Workers' Compensation Insurance for all of their employees. All <br />policies shall be endorsed with the following specific language: "This policy <br />shall not be canceled or materially changed without first giving thirty (30) <br />days' notice to the Redevelopment Agency of the City of San Leandro by <br />certified mail." <br />(c) General Liability. Commercial general liability insurance carried by the <br />general contractor and covering personal injury and property damage for all <br />activities of the general contractor and its subcontractors arising out of or in <br />Exhibit C Page I of 6 <br />