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1. Newly Acquired Entities - 120 Days Paragraph 3. is deleted and replaced by the following: Any organization you newly acquire or form, other than a partnership,joint venture or limited liability company,and over which you maintain ownership or majority interest,will qualify as a Named Insured if there is no other similar insurance available to that organization. However: a. Coverage under this provision is afforded only until the 120th day after you acquire or form the organization or the end of the policy period,whichever is earlier, if you do not report such organization in writing to us within such time period; b. Coverage A does not apply to"bodily injury"or"property damage"that occurred before you acquired or formed the organization; and c. Coverage B does not apply to"personal and advertising injury" arising out of an offense committed before you acquired or formed the organization. d. No person or organization is an insured with respect to the conduct of any current or past partnership, joint venture or limited liability company that is not shown as a Named Insured in the Declarations. e. Coverage under this provision does not apply to any person or organization for which coverage is excluded by endorsement. 2. Persons Using Watercraft Section 11 -Who Is An Insured is amended to include any person who,with your expressed or implied consent, either uses or is responsible for the use of a watercraft that is covered by this policy. However, no person or organization is an insured with respect to: a. "Bodily injury"to a co-"employee"of the person operating the watercraft; or b. "Property damage"to property owned by, rented to, in the charge of or occupied by you or the employer of any person who is an insured under this provision. C. PRIMARY AND NON-CONTRIBUTORY The following is added to paragraph 4. Other Insurance, a. of Section IV-Commercial General Liability Conditions: However, if you are obligated pursuant to a written contract or written agreement to provide a person or organization that is included in the Who Is An Insured Section of this insurance with primary insurance such as is afforded by this policy,then this insurance is primary and we will not seek contribution from insurance available to such person or organization, provided that: 1. The additional insured is a Named Insured under such other insurance;and 2. The written contractor written agreement is executed prior to when the"bodily injury," property damage" occurs,or"personal and advertising injury" occurrence is committed. Other insurance includes any type of self-insurance or other mechanism by which an insured arranges for funding of its legal liabilities. D. OTHER INSURANCE CONDITION AMENDMENT 1. Paragraph 4. Other Insurance, b. Excess Insurance (1)in Section IV-Commercial General Liability Conditions is deleted and replaced by the following: b. Excess Insurance (1) This insurance is excess over: (a) Any of the other insurance,whether primary, excess, contingent or on any other basis: (i) That is property insurance, Builders Risk, Installation Risk or similar coverage for"your work"; (ii) That is property insurance purchased by you, including any deductible or self-insurance portion thereof}to cover premises rented to you or temporarily occupied by you with permission of the owner; MN CGL 46007 05 22 Includes copyrighted material of Insurance Services Office, Inc.,with its permission. Page 4 of 8