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<br /> -11- <br /> receipt requested, to LESSOR by the insurance company. LESSOR shall <br /> not be required to pay any of the premiums for said policy. Any <br /> insurance policy herein required or procured by LESSEE shall contain an <br /> express waiver of any rights of subrogation by the insurance company <br /> against LESSOR. A certificate evidencing such insurance coverage shall <br /> be delivered by LESSEE to LESSOR immediately upon the execution of this <br /> Agreement, and thereafter within ten (10) days of the inception of <br /> any policy by the insurance company. The minimum limits of any <br /> insurance coverage herein required shall not limit LESSEE'S liability <br /> under Paragraph IX of this Agreement. <br /> IX. <br /> LESSEE ag ree s to indemnify and hold harmless LESSOR from all <br /> damages, claims, losses, demands, suits, judgments, costs, including <br /> reasonable attorney's fees, and expenses arising out of or resulting <br /> from the conduct by LESSEE of a FBO operation at Airport or arising <br /> out of or resulting from the use by LESSEE of said demised premises <br /> for the operation of an aircraft storage hangar, parking area, <br /> and office, maintenance and repair space by and for persons and <br /> personal property authorized to use said area by the LESSEE at <br /> said Airport provided that any such claim is caused in whole or in <br /> part by any negligent act or omission of LESSEE regardless of whether <br /> it is caused in part by LESSOR. Said agreement to hold harmless <br /> and to indemnify LESSOR shall occur whenever said negligent act <br /> or omission is that of LESSEE, anyone directly or indirectly <br /> employed by LESSEE, its agents, servants, tenants, guests, business <br /> invitees, or anyone for whose acts LESSEE may be liable. LESSEE <br /> shall defend any litigation in connection with the use of said <br /> demised premises for the operation of an aircraft storage hangar, <br /> parking area, office, maintenance and repair space, and FBO <br /> operations. <br /> LESSEE shal1 occupy the demised premises and all other portions of <br /> said Airport at its own risk, and releases LESSOR to the full extent <br /> permitted by law, from all claims of every kind resulting in loss of <br /> life, personal or bodily injury or property damage. <br />