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Item 10. -NEWLY FORMED OR ACQUIRED ENTITIES <br />Paragraph 3. of Section II Who Is An Insured is replaced by the following: <br />3. Any organization, other than a joint venture, you newly acquire or Form and over which you maintain majority <br />ownership or majority interest, wIll qualify as a Named Insured if there is no ocher similaz insurance available <br />io that organization. <br />a. Coverage under [his provision is afforded only until <br />i. the 180th day after you acquire or Form the organization; or <br />ii. separate coverage is purchased For the organization; or <br />iii. the end of the policy period, <br />whichever is earlier. <br />b. Coverage A does not apply to bodily injury or property damage that occurred be Fore you acquired or <br />formed the organization; and <br />c. Coverage B does not apply to personal and advertising injury arising out of an offense committed <br />before you acquired or formed the organization. <br />No person or organization is an insured with respect to the conduct of any past parmership, current or past joint <br />venture or pass lirrriied liability company that is not shown as a Named Insured in the Declarations. <br />Item 11. - BLANI?T ADDITIONAL INSURED AND WAIVER OF SUBROGATION MANAGERS OR <br />LESSORS OF PREMISES <br />A. Section II Who Is An Insured is amended to include as an insured any manager or lessor of premises leased by <br />you in which the written lease agreement obligates you to procure additional insured coverage, provided that-. <br />1. the bodily injury property damage or personal and advertising injury giving rise to liability occurs <br />subsequent to the execution of [he agreement; and <br />2. the written agreement is in effect at the time of the bodily injury property damage personal and <br />advertising injury for which coverage is sought. <br />That person or organization shall be referred to as the additional insured. <br />The coverage afforded to [he additional insured is limited to liability in connection with the ownership, maintenance or <br />use of the premises leased to you and caused, in whole or in pare, by some negligent acts or omissions of you, your <br />employees, your agents, or your subcontracmrs. There is no coverage for the additional insured For bodily injury , <br />property damage or personal and advertising injury arising out of the sole negligence of the additional insured or <br />by those acting on behalf of the additional insured, except as provided below. <br />If [he written agreement [o indemnify an additional insured requires that you indemnify the additional insured fox its <br />sole negligence, then the coverage For the additional insured shall con Form to that agreement; provided, however, that <br />the contractual indemnification language of the agreement is valid under [he law of the state where the agreement was <br />Formed. I£ [he written agreement provides that a particular state s law will apply, then such provision will be honored. <br />B. Waivet Of Subrogation <br />For any additional insured that obtains insured status on this policy through pazagraph A., above, we waive any right of <br />recovery we may have against [he additional insured because of payments we make For "bodily injury", "property <br />damage" or "personal and advertising injury" to which this insurance apples. <br />C. Exclusions <br />This insurance does not apply to: <br />1. Any occurrence that takes place after you cease to be a tenant in that premises. <br />2. Any construction, renovation, demolition or installation operations perforrned by or on behalf of the <br />Additional Insured. <br />3. Any premises for which coverage is excluded by endorsement. <br />LG 32 37 09 07 <br />Page 4 of 9