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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br /> Waiver of Transfer of Rights of Recovery Against Others to Us <br /> This endorsement modifies insurance provided under the following: <br /> Commercial General Liability Coverage Form <br /> Under SECTION IV—COMMERCIAL GENERAL LIABILITY CONDITIONS, The Transfer Of Rights Of <br /> Recovery Against Others To Us Condition is amended by the addition of the following: <br /> We waive any right of recovery we may have against any person or organization because of payments we <br /> make for injury or damage arising out of: <br /> 1. Your ongoing operations; or <br /> 2. "Your work" included in the "products completed operations hazard." <br /> However, this waiver applies only when you have agreed in writing to waive such rights of recovery in a <br /> contract or agreement, and only if the contract or agreement: <br /> 1. Is in effect or becomes effective during the term of this policy; and <br /> 2. Was executed prior to loss. <br /> This endorsement is part of your policy and takes effect on the effective date of your policy, unless another effective <br /> date is shown below. <br /> Must Be Completed Complete Only When This Endorsement Is Not Prepared <br /> with the Policy Or Is Not to be Effective with the Policy <br /> ENDT. NO. POLICY NO. ISSUED TO: EFFECTIVE DATE OF THIS <br /> 26 ENDORSEMENT: <br /> GL 2074978689 Granite Construction Incorporated 10/01/23 <br />