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ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Lands to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.

ARTICLE 6 INSURANCE 6.1 The Owner will insure, or cause to be insured, the Required Inclusionary Units and all buildings and structures within or containing the Non-Market Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 6.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 6.1 of this Agreement.

ARTICLE 6 INSURANCE 6.1 The Owner will insure, or cause to be insured, the Required Inclusionary Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 6.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 6.1 of this Agreement.

ARTICLE 5 INSURANCE 5.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Development to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 5.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 5.1 of this Agreement.

Page 18 Housing Agreement (Olive Properties Inc. – 5938 Olive Ave Rezoning Reference #17-10001 Subdivision Reference #21-37) Market Rental, Replacement and Optional Inclusionary Units NATDOCS\77760156\V-8 ARTICLE 8 INSURANCE 8.1 The Owner will insure, or cause to be insured, the Non-Market Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 8.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 8.1 of this Agreement.