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COMMERCIAL GENERAL LIABILITY <br />THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />REAL ESTATE <br />BROAD FORM NAMED INSURED ENDORSEMENT <br />(WHO IS AN INSURED AMENDATORY) <br />This endorsement modifies insurance provided under the following: <br />COMMERCIAL GENERAL LIABILITY COVERAGE PART <br />Section 11- Who Is An Insured, Paragraph 3. is deleted in its entirety. <br />Section II - Who Is An Insured is amended to include the following additional provisions: <br />(1) Those entities and the businesses they form of which any Named Insured, individually or <br />through a controlled entity, has more than fifty percent (50%) ownership interest in or <br />exercises management or financial control over at the inception date of this policy, <br />provided all have been declared to us prior to the inception date of this policy. <br />(2) All entities, as defined in paragraph (1) above, formed in connection with real estate <br />investments or for the purpose of management of real estate, regardless of the <br />percentage ownership interest therein, or the level of management involvement, provided <br />that: <br />(a) Such entity and the property involved have been declared to us in a timely manner <br />not to exceed one-hundred-eighty (180) days following formation of the covered <br />entity; or <br />(b) There is evidence of a written obligation to provide insurance to the formed entity <br />under this policy. <br />Solely as respects Paragraph (2) of this endorsement, coverage is provided only for the real <br />estate operations of either the entity formed or the entity covered pursuant to a written obligation. <br />As used in this endorsement, "real estate operations" means the ownership, management or <br />maintenance of the premises, and operations on the premises or elsewhere which are necessary <br />or incidental to the ownership, management or maintenance of the premises. <br />Solely as respects the coverage provided by this endorsement, the last paragraph of Section II - <br />Who Is An Insured beginning with "No person or organization" is deleted in its entirety. <br />GL 00055 00 (03110) <br />F®RNi <br />'To <br />AP??ov?p A? <br />0SA ney <br />{ G;fiy `ait. <br />pssistan