OVERLAND PACIFIC & CUTLER, INC. (2)

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The insurance afforded herein for any A person or organization is an additional insured subsidiary not named in this Coverage Part under this provision only for that period of time as a named insured does not apply to injury required by the contract or agreement. or damage with respect to which such insured is also a named insured under another policy However, no such person or organization is an or would be a named insured under such insured under this provision if such person or policy but for its termination or the exhaustion organization is included as an insured by an of its limits of insurance. endorsement issued b us and made a rt of Y P 3. Newly Acquired Or Formed Organization this Coverage Part. Any organization you newly acquire or form, other than a partnership, joint venture or limited a Vendors Any person(s) or organization(s) (referred to liability company, and over which you maintain below as vendor), but only with respect to "bodily financial interest of more than 50% of the voting injury" or "Property damage" arising "your stock, will qualify as a Named Insured if there is out of products" which are distributed or no other similar insurance available to that sold in the regular course of the vendor's organization. However: business and only if this Coverage Part a Coverage under this provision is afforded only provides coverage for "bodily injury" or "property damage' included within the until the 180th day after you acquire or form 'products -completed operations hazard". the organization or the end of the policy Period, whichever is earlier; (1) The insurance afforded the vendor is b. Coverage A does not apply to "bodily injury" subject to the following additional exclusions: or 'property damage" that occurred before you acquired or formed the organization; and This insurance does not apply to: Q. Coverage B does not apply to "personal and a "Bodily in ur or"Property dama e" for O Y t Y advertising injury" arising out of an offense ig which the vendor is obligated to pay committed before you acquired or formed the damages by reason of the assumption organization, of liability in a contract or agreement. 4. Nonowned Watercraft This exclusion does not apply to liability for damages that the vendor With respect to watercraft you do not own that is would have in the absence of the less than 51 feet long and is not being used to contract or agreement: carry persons for a charge, any person is an (b) Any express warranty unauthorized by insured while operating such watercraft with your you, permission. Any other person or organization responsible for the conduct of such person is (c) Any physical or chemical change in the also an insured, but only with respect to liability product made intentionally by the arising out of the operation of the watercraft, and vendor; only if no other insurance of any kind is available (d) Repackaging, except when unpacked to that person or organization forthis liability. solely for the purpose of inspection, However, no person or organization is an insured demonstration, testing, or the With respect to: substitution of parts under instructions a "Bodily injury" to a co -"employee" of the from the manufacturer, and then repackaged in the or ginal container; person operating the watercraft; or "Property (a) Any failure to make such inspections, b. damage" to P Y g property owned by, rented to, in the charge of or occupied by you adjustments, tests or servicing as the or the employer of any person who is an vendor has agreed to make or normally undertakes to in insured under this provision, 5. Additional Insureds When Required By make the usual course of business, in connection with Written Contract, Written Agreement Or the distribution or sale of the products; Permit (f) Demonstration, installation, servicing The following person(s) or organization(s) are an or repair operations, except such operations performed at the vendor's additional insured when you have agreed, in a premises in connection with the sale of written contract, written agreement or because of the product; a permit issued by a state or political subdivision, that such person or organization be added as (g) Products which, after distribution or an additional insured on your policy, provided the sale by you, have been labeled or relabeled or used as a container, injury or damage occurs suftsequent to the execution of the contract or agr ment. part or ingredient of any other thing or substance by or for the vendor: or Page 12 of 21 UVLA. j HG 00 0109 16q