The Licensor assumes no liability to the Licensee or third parties with respect to the performance characteristics of the goods sold by the Licensee under the Licensed Works, and the Licensee shall indemnify the Licensor and hold Licensor harmless against losses incurred through claims of third persons against the Licensor involving the manufacture, distribution or sale of the Licensed Goods. Licensee agrees to obtain, at its own expenses, product liability insurance providing adequate protection for Licensor and Licensee against any such claims or suits in amounts no less than $1,000,000 U.S. Dollars, and, within sixty (60) days prior the sale of the License Goods, Licensee will submit to Licensor a fully paid policy or certificate of insurance naming Licensor as insured parties, requiring that the insurer shall not terminate or materially modify such without written notice to Licensor at least thirty (30 ) days in advance thereof.