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PIrw-005 (011W) <br />THIS ENDORSEMENT CHANGES THE POLICY(, PLEASE READ IT CAREFULLY. <br />PUNITIVE DAMAGES EXCLUSION <br />This ondorsement modifies insurance providod under the following: <br />COMMERCIAL GENERAL LIABILITY COVERAGE PART <br />The following exclusion Is added to Paragraph 2. Exclusions of SECTION I • COVERAGES, <br />COVERAGE A BODILY INJURY AND PROPERTY DAMAGE LIABILITY; and Paragraph 2. Exclusions <br />of SECTION I . COVERAGES, COVERAGE B PERSONAL AND ADVERTISING INJURY LIABILITY; <br />2. Exclusions <br />This insurance does not apply to; <br />Punitive Damages <br />Any punitive, treble or exemplary damages, whether or not such punitive, treble or exemplary <br />damages arise out of any obligation to share damages with or repay someone else who must pay <br />damages, <br />Reviewea by <br />Carl Acosta <br />PIC SA/Recreati0ra <br />Page 1 of 1 <br />