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200501143 percent (100 %) of full replacement cost thereof (excluding footings, foundations or excavations). At a minimum, the insurance coverage required by this Section 10.3(a) shall extend to loss or damage by fire, windstorm, cyclone, tornado, hail, explosion, riot, riot attending a strike, civil commotion, malicious mischief, vandalism, aircraft, vehicle, smoke damage and sprinkler leakage. (b) Each Party (the "Releasing Party ") hereby releases and waives for itself, and each Person claiming by, through or under it, each other Party (the "Released Party ") from any liability for any loss or damage to all property of such Releasing Party located upon any portion of the Shopping Center, which loss or damage is of the type generally covered by the insurance required to be maintained under Section 10.3(a), irrespective either of any negligence on the part of the Released Party which may have contributed to or caused such loss, or of the amount of such insurance required to be carried or actually carried, including any deductible or self insurance reserve. Each Party shall use its reasonable efforts to obtain, if needed, appropriate endorsements to its policies of insurance with respect to the foregoing release; provided, however, that failure to obtain such endorsements shall not affect the release hereinabove given. (c) To the full extent permitted by law, each Party ( "Indemnitor ") shall Indemnify each other Party ( "Indemnitee ") from and against all Claims asserted by or through any Permittees of the Indemnitor's Tract for any loss or damage to the property of such Permittee located upon the Indemnitor's Tract, which loss or damage is of the type generally covered by the insurance required to be maintained under Section 10.3(a), irrespective of any negligence on the part of the Indemnitee which may have contributed to or caused such loss. 10.4 Insurance Policy Requirements. (a) All insurance coverage required by this Article 10 shall be provided under one or more of the following: (i) an individual policy covering this location; (ii) a blanket policy which includes other liabilities, properties and locations of such Person; provided, however, that if a blanket commercial general liability insurance policy contains a general policy aggregate of less than Twenty Millions Dollars ($20,000,000) in Constant Dollars, then the insuring Person shall also maintain excess liability coverage necessary to establish a total liability insurance limit of Twenty Million Dollars ($20,000,000) in Constant Dollars; (iii) a plan of self- insurance, provided that any Person so self- insuring notifies the other Parties of its intent to self- insure and shall upon request deliver to such other Parties each calendar year a copy of its annual report or Form 10 -K that is audited by an independent certified public accountant which discloses that such Person has One Hundred Million Dollars ($100,000,000) in Constant Dollars or more of net current assets; GALEGAL \STORES \NE \GRAND ISLAND\OEA4.WPD 11/16/04 31