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.. THIS FORM IS AN EXCERT F~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: 5. Additional Insureds - By Contract, Agreement Or Permit Any person or organization to whom or to which you are obligated by virtue of a written contract, agreement or perm~ to provide such insurance a$ afforded by this policy is an insured, but only with respect to liability arising out of: a. ''Your work" for that in$ured by you; b. Perm~ issued by state or pol~ical subdivisions for operations performed by you; or c. Premises you own, rent, occupy or use. This provision does nol apply unless the written contract or agreement has been executed, or the perm~ 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 Add~ional Insureds - Vendors. This insurance is primary and is not additional to or contributing with any other insurance carried by or for the benef~ of Add~ionallnsureds. U. AGGREGATE LIMIT OF INSURANCE (PER PROJECT) The following is added at the end of ~em b) of Section D.4., Aggregate Um~s: This General Aggregate Lim~ applies separately to each of your projects away from premises owned by or rented to you. BP 74 34 (Ed. 07 99) '-..I 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 deieted and repiaced by the following: 2. Applicable 10 Businessowners Liability Coverage: a. If the insured has rights to recover all or part of any payment we have made under this policy, those rights are transferred to us. This insurance shall not be invalidated should the Named Insured waive in writing, prior to a ioss, any or all rights of recovery against any party for a loss occurring. However, the Insured must do nothino after a lass to impair these rights. At our request, the Insured willbring "suit" or transfer those rights to us and help us enforce them. This cond~ion does not apply to Medical Expenses Coverage. b. After a loss you may waive your rights against another party in writing, oniy 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. APPROVED S TO h.Jl~lVJ Michael Vigliotta Deputy City A ttornev Printed in U.S.A.