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200501143 (4) Broad Form Property Damage (including Completed Operations); (5) Explosion, Collapse and Underground ( "XCU ") Hazards; and (6) Personal Injury Liability. (B) Minimum limits of liability: (1) $1,000,000 each occurrence (for bodily injury and property damage); (2) $1,000,000 for Personal Injury Liability; (3) $2,000,000 aggregate for Products and Completed Operations (which shall be maintained for a two (2) year period following final completion of the work); and (4) $2,000,000 general aggregate applying separately to this project. (iii) Automobile liability insurance (bodily injury and property damage liability) including coverage for owned, hired, and non -owned automobiles with limits of liability which shall be not less than $1,000,000 combined single limit each accident for bodily injury and property damage combined. (b) If the construction activity involves the use of another Party's Tract, then the owner of such Tract shall be an additional insured and such insurance shall provide that the same shall not be cancelled, or reduced in amount or coverage below the requirements of this OEA, without at least thirty (30) days prior written notice to the named insureds and each additional insured. If such insurance is cancelled or expires, then the constructing Party shall immediately stop all work on or use of the other Party's Tract until either the required insurance is reinstated or replacement insurance obtained. (c) Each Party shall Indemnify each other Party from and against all Claims, including liens, and from any accident, injury or loss or damage whatsoever occurring to any Person or to the property of any Person arising out of or resulting from any construction activities performed or authorized by such indemnifying Party; provided, however, that the foregoing shall not be applicable to either events or circumstances caused by the negligence or willful act or omission of such indemnified Party, its licensees, concessionaires, agents, servants, employees, oranyone claiming by, through or under any of them, or claims covered by the release set forth in Section 10.3. 10.3 Casualty Loss Insurance. (a) Effective upon the commencement of construction of any Building on its Tract and so long as such Building exists, each Party shall carry, or cause to be carried, casualty insurance with "extended" or "all- risk" coverage, in the amount of one hundred GALEGAL \STORES \NE \GRAND ISLAND \0EA4.WPD 11/16/04 30