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Named Insured: Ocean Blue Environmental Services, Inc. <br />Policy Number: ECP2018650-10 Effective Date: 7/1/2016 <br />ENDORSEMENT <br />This endorsement forms a part of the policy to which it is attached. Please read it carefully. <br />It is agreed that the Company, in the event of any payment under this policy, waives Its right of recovery against any <br />Principal, but only at the specific written request of the Named Insured either before or after loss, wherein such waiver has <br />been included before loss as part of a contractual undertaking by the Named Insured. <br />This waiver shall apply only with respect to losses occurring due to operations undertaken as per the specific contract <br />existing between the Named Insured and such Principal and shall not be construed to be a waiver with respect to other <br />operations of such Principal in which the Named Insured has no contractual interest. <br />No waiver of subrogation shall directly or Indirectly apply to any employee, employees or agents of either the Named <br />Insured or of the Principal, and the Company reserves its right or lien to be reimbursed from any recovery funds obtained <br />by any injured employee. <br />This waiver does not apply in any jurisdiction or situation where such waiver is held to be Illegal or against public policy or <br />in any situation wherein the Principal against whom subrogation is to be waived is found to be solely negligent, <br />0 2000 by Berldey Specialty Undamriting Managers LLC, an affiliate of Nautilus Insurance Company and Great Divide Insurance Company, All rights reserved. <br />(0 1985 -2008 by Insurance Services Office, Inc., material used by permission. <br />ENV 2004 D9 06 Page I of <br />- ------- --------------- <br />E <br />REVIEWED B FEE MA (R <br />2F <br />-- - -------- ---- — --- <br />