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COMMERCIAL AUTOMOBILE THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. COMMERCIAL AUTOMOBILE BROAD FORM ENDORSEMENT - NEW YORK This endorsement modifies insurance provided under the following: BUSINESS AUTO COVERAGE FORM C. Lessors as Insureds This endorsement modifies the Business Auto Coverage Paragraph A.1.—WHO IS AN INSURED—of Form. SECTION II — LIABILITY COVERAGE is 1. BROAD FORM INSURED amended to add the following: A. Subsidiaries and Newly Acquired or Formed e. The lessor of a covered "auto"while the Organizations As Insureds "auto" is leased to you under a written The Named Insured shown in the Declarations is agreement if: amended to include: (1) The agreement requires you to 1. Any legally incorporated subsidiary in which provide direct primary insurance for you own more than 50% of the voting stock on the lessor; and the effective date of the Coverage Form. (2) The "auto" is leased without a driver. However, the Named Insured does not include Such leased "auto"will be considered a any subsidiary that is an "insured" under any covered "auto"you own and not a covered other automobile policy or would be an "auto"you hire. "insured" under such a policy but for its However, the lessor is an "insured" only termination or the exhaustion of its Limit of for"bodily injury" or"property damage" Insurance. resulting from the acts or omissions by: 2. Any organization that is acquired or formed by (1) You; you and over which you maintain majority (2) Any of your"employees" or agents; or ownership. However, the Named Insured (3) Any person, except the lessor or any does not include any newly formed or acquired "employee" or agent of the lessor, organization: operating an "auto"with the (a) That is an "insured" under any other permission of any of 1. and/or 2. automobile policy; above. (b) That has exhausted its Limit of Insurance D. Persons And Organizations As Insureds under any other policy; or Under A Written Insured Contract (c) 180 days or more after its acquisition or Paragraph A.1 —WHO IS AN INSURED—of formation by you, unless you have given SECTION II — LIABILITY COVERAGE is us written notice of the acquisition or amended to add the following: formation. f. Any person or organization with respect to Coverage does not apply to "bodily injury" or the operation, maintenance or use of a "property damage"that results from an "accident" covered "auto", provided that you and that occurred before you formed or acquired the such person or organization have agreed organization. under an express provision in a written "insured contract", written agreement or a B. Employees as Insureds written permit issued to you by a Paragraph A.1. —WHO IS AN INSURED—of governmental or public authority to add SECTION II — LIABILITY COVERAGE is such person or organization to this policy amended to add the following: as an "insured". d. Any"employee" of yours while using a However, such person or organization is covered "auto"you don't own, hire or an "insured" only: borrow in your business or your personal (1) with respect to the operation, affairs. maintenance or use of a covered "auto"; and Form: 16-02-0295 (Rev. 11-16) Page 1 of 3 "Includes copyrighted material of Insurance Services Office, Inc. with its permission"