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Attachment Code:D604007 Master ID: 1506576,Certificate ID:21995645 <br /> ENDORSEMENT NO. <br /> AMEND SUBROGATION CLAUSE; WAIVER OF SUBROGATION <br /> FOR CLIENTS AND THIRD PARTIES <br /> This Endorsement, effective at 12:01 a.m. on November 9, 2024, forms part of <br /> Policy No. 0313-5950 <br /> Issued to Willdan Group, Inc. <br /> Issued by Allied World Surplus Lines Insurance Company <br /> In consideration of the premium charged, it is hereby agreed that Section VIII. CONDITIONS, <br /> Subsection N. is deleted in its entirety and replaced as follows: <br /> N. SUBROGATION <br /> In the event of any payment under this Policy, the Company shall be subrogatod to all the <br /> Insured's rights of recovery against any person or organization and the Insured shall execute and <br /> deliver instruments and papers and do whatever else is necessary to secure such rights. The <br /> Insured shall do nothing to prejudice such rights. The Company agrees to waive its right of <br /> subrogation against any client of the Insured or any other person or entity for a Claim which is <br /> covered by this Policy where the Insured agreed to waive any such rights in writing prior to the <br /> date the Wrongful Act giving rise to such Claim first occurred. Any recoveries shall be applied <br /> first to subrogation expenses, second to Damages and Defense Expenses paid by the Company, <br /> and third in satisfaction of the Policy Deductible shown in Item 4. of the Declarations. Any <br /> additional amounts recovered shall be paid to the First Named Insured. <br /> All other terms, conditions and limitations of this Policy shall remain unchanged. <br /> Authorized Representative <br /> AE 00062 (08/21) <br />