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b. A partnership or joint venture, you are an insured. Your members, your partners, and their spouses are also insureds, but only with respect to the conduct of your business. c. A limited liability company, you are an insured. Your members are also insureds, but only with respect to the conduct of your business. Your managers are insureds, but only with respect to their duties as your managers. d. An organization other than a partnership, joint venture or limited liability company, you are an insured. Your executive officers and directors are insureds, but only with respect to their duties as your officers or directors. Your stockholders are also insureds, but only with respect to their liability as stockholders. e. A trust, you are an insured. Your trustees are also insureds, but only with respect to their duties as trustees. 3. Your employees, other than either your executive officers (if you are an organization other than a partnership, joint venture or limited liability company) or your managers (if you are a limited liability company), but only for acts within the scope of their employment by you or while performing duties related to the conduct of your business. 4 Your volunteer workers, but only while performing duties related to the conduct of your business. 5. Any person (other than your employee or volunteer worker) or any organization while acting as your real estate manager. 6. Your legal representative if you die, but only with respect to duties as such. That representative will have your rights and duties under this Policy. 7. Any person or organization, other than the "Tamed Insured" included as an additional insured under"Scheduled Underlying Insurance," but not for broader coverage than would be afforded by such "Scheduled Underlying Insurance." Notwithstanding any of the above: a. No person or organization is an "Insured" with respect to the conduct of any current, past or newly formed partnership, joint venture or limited liability company that is not designated as a "Named Insured" in Item 1 of the Declarations; and b. No person or organization is an "Insured" under this Policy who is not an "Insured" under "Scheduled Underlying Insurance". G. "Insured Contract" means: 1. A contract for a lease of premises. However, that portion of the contract for a lease of premises that indemnifies any person or organization for damage by fire to premises while rented to you or temporarily occupied by you with permission of the owner is not an "Insured Contract"; 2. A sidetrack agreement; 3. Any easement or license agreement, except in connection with construction or demolition operations on or within fifty(50)feet of a railroad; CLIU 060 0805 ©XL America, Inc. 2004 Page 22 of 28 Includes copyrighted material of Insurance Services Office, Inc.,with its permission.