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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />Waiver of Transfer of Rights of Recovery Against Others to Us <br />This endorsement modifies insurance provided under the following: <br />Commercial General Liability Coverage Form <br />Under SECTION IV — COMMERCIAL GENERAL LIABILITY CONDITIONS, The Transfer Of Rights Of <br />Recovery Against Others To Us Condition is amended by the addition of the following: <br />We waive any right of recovery we may have against any person or organization because of payments we <br />make for injury or damage arising out of: <br />1. Your ongoing operations; or <br />2. "Your work" included in the "products completed operations hazard." <br />However, this waiver applies only when you have agreed in writing to waive such rights of recovery in a <br />contract or agreement, and only if the contract or agreement: <br />1. Is in effect or becomes effective during the term of this policy; and <br />2. Was executed prior to loss. <br />This endorsement is part of your policy and takes effect on the effective date of your policy, unless another effective <br />date is shown below. <br />Must Be Completed <br />ENDT. NO. <br />POLICY NO. <br />26 <br />GL 2074978689 <br />Complete Only When This Endorsement Is Not Prepared <br />with the Policy Or Is Not to be Effective with the Policy <br />ISSUED TO: EFFECTIVE DATE OF THIS <br />ENDORSEMENT: <br />Granite Construction Incorporated 10/01/20 <br />-.E Risk ManagementDMsian <br />REVIEWED & APPROVED BY: <br />�_r- Risk Management Specialist <br />