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. THiS FORM IS AN EXCERT F\w'M BP 74 34 (ED. 07 99) T. ADDITIONAL INSUREDS - BY CONTRACT, AGREEMENT OR PERMIT Item 5. of Section C. - WHO IS AN INSURED. is deleted and replaced by the following: S. Additional Insureds - By Contract, Agreement Or Pennit Any person or organization to whom or to which you are obligated by virtue of a written contract, agreement or permtt to provide such insurance as afforded by this policy is an insured, but only wtth respect to liabiltty arising out of: a. "Your work" for that insured by you; b. Permtts issued by state or polttical subdivisions for operations performed by you; or c. Premises you own, rent, occupy or use. This provision does not apply unless the written contract or agreement has been executed, or the permtt has been issued, prior to the "bodily injury," "property damage," "personal injury" or "advertising inJury." This provision does not apply to any person or organization included as an insured under Addttional Insureds - Vendors. This insurance is primary and is not additional to or contributing with any other insurance carried by or for the benef~ of Addttionallnsureds. U. AGGREGATE UMIT OF INSURANCE (PER PROJECT) The following is added at the end of ttem b) of Section D.4., Aggregate Limtts: This General Aggregate Limtt applies separately to each of your projects away from premises owned by or rented loyou. BP 74 34 (Ed. 07 99) ....." V. WAIVER OF SUBROGATION Item 2., of the Transfer Of Rights Of Recovery Against Others To Us Condition, of the BUSINESSOWNERS COMMON POLICY CONDITIONS, BP 71 10, is deleted and replaced by the following: 2. Applicable to Businessowners Liability Coverage: a. If the Insured has rights to recover all or part of any payment we have made under th is policy, those rights are transferred to us. This insurance shall not be invalidated should the Named Insured waive in writing, prior to a loss, any or all rights of recovery against any party for a loss occurring. However, the Insured must do nothino after a loss to impair these rights. At our request, the insured willbring "suit" or transfer those rights to us and help us enforce them. This condition does not apply to Medical Expenses Coverage. b. After a loss you may waive your rights against another party in writing, only if, at the time of the loss, that party is one of the following: A business firm: 1) Owned or controlled by you; or 2} That owns or controls you. Michael Vigliotla Deputy City A Horne V Printed in U.S.A.