TRANSPORTATION STUDIES, INC. - 2011

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2. Paragraph 3. of Section D. Liability Anc' Medical Expenses Llmlts Of Insurance is replaced by the following= 3. The most wa will pay under Business Liability Coverage for damages because of "property damage" to premises rented to you or temporarily occupied by you with permission of the owner, arising from one event is the greater of: a. $300,000; or b_ the Damage To Premises Rented To you limit shown in the Declarations_ As used in this provision, one event includes all damage proximately caused by the same event, whether such damage results from fire, lightning, explosion, smoke or leakage from automatic fire protection systems or any combination of these. D. ADDITIONAL INSUREDS - BY CONTRACT The following is added to Paragraph Z. under C. Who Is An Insured e. Any person or organization when you and such person ar organizaticn F.ave agreed in writing in a contract, agreement or permit that such person or organization be added as an ad:iitional insured on your policy to provide insurance such as is afforded under this Coverage Form but cnly with respect to the liability of that parson or organization arising out of "bodily injury" or "proper:,• �'-�mage" occurring or a "personal and advertising injury" offense committed: (1) During ongoing operations performed by you or on your behalf; or (2) On premises or facilities owned or used by you; and Only to the extent to which insurance applies under this Coverage Form_ A person's or organization's status es an insured under this endorsement ends when their contract or agreement with you for such premises, facilities or ongoing operations ends. This provision D. does not apply: (1) Unless the written contract or agreement has been executed, or permit has been issued, prior to the "bodily injury" `property damage', "personal and advertising injury "; (2) To the rendering of or failure to render any professional services; or {3) To any person or organization included as an insured by separate endorsement issued by us and made a part of this policy. E. AGGREGATE LIMITS Paragraph 4. of D_ Liability And Medical Expenses Limits Of Insurance is replaced by the following: The most we will pay for the sum of all damages because of: a. Injury or tlamage under the "products - completed operations hazard^ ali�in9 from all "occurrences" during the policy period is twice the Liability and Medical Expanses Limit_ b. "Bodily injury" or "property damage ", including medical expenses, arising from all °occurrences° during the policy period which can be attributed to operations at a single Iota +!on Is twice the Liability and Medical Expanses Llmlt. This limitation applies separately to each location. This !Imitation does not eppry to: (�) "Bodily injury" or "property damage" included in the °products - completed operations hazard', or (2) "Property damage" to premises while rented to you, or temporarly occupied by you with permission of the owner, arising out of fire, lightning, explosion, smoke, or leakage from automatic firs protection systems_ c. All other injury or damage, including medical expenses, arising from all "occurrences° during the policy period is twice the Lfabil[ty and Medical Expenses Limit. This limitation does not apply to: (7) Injury or damage included in the "products- completed operations hazard "; (2) `Bodily injury" or "property damage ", including medical expenses, arising from "occurrences' during the policy period which can be attributed to operations at a single location: or (3) "Property damage" to premises while rented to you, or temporarily occupied by you with permission of the Page 2 of 3 44 -'148 {06104)