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NE 00 20 01 22 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 1 of 1 COMMERCIAL EXCESS LIABILITY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. COVERAGE LIMITATION AND EXCLUSION – RESIDENTIAL CONSTRUCTION OPERATIONS This endorsement modifies insurance provided under the following: COMMERCIAL EXCESS LIABILITY POLICY A. The following exclusion is added to Paragraph 2. Exclusions of SECTION I – COVERAGES: 2. Exclusions Insurance provided under this policy does not apply to: a. Any "injury or damage" arising out of or in any way connected with, either directly or indirectly, your ongoing operations, your product, or your work performed by or on behalf of any insured, either prior to or during the policy period, that is incorporated into or performed at any of the following construction projects: (1) Any new townhouse or residential condominium project where the total number of individual residential units located in: (a) Florida or South Carolina is greater than ten (10); or (b) Any state other than Florida or South Carolina is greater than twenty-five (25) regardless of the number of buildings, developments, phases or associations; (2) Any new "tract housing" project, where the total number of individual residential units located in: (a) Florida or South Carolina is greater than ten (10); or (b) Any state other than Florida or South Carolina is greater than twenty-five (25) regardless of the number of buildings, developments, phases or associations; or (3) Any conversion of buildings to condominiums or townhouses, regardless of the number of buildings, developments, phases or associations. With respect to a.(1) or a.(2) above, if the "underlying insurance" limits the number of units to a number less than that shown in a.(1) or a.(2), then the number of units limitation in these paragraphs is amended to follow the "underlying insurance". b. Costs and expenses to investigate or defend any claim, suit or payment of any fine or penalty related to any of the operations in a. above. However, this exclusion does not apply to your work or your product performed by or on behalf of any insured that is incorporated into a.(1), a.(2), or a.(3) after the issuance of the notice of completion or certificate of occupancy, whichever comes first, unless such work performed is to repair or replace your work or your product performed by or on behalf of any insured, that was incorporated into a.(1), a.(2), or a.(3) prior to the issuance of the notice of completion or certificate of occupancy. With respect to a.(2) each two-family dwelling will be considered two residential housing units, each three-family dwelling will be considered three residential housing units, and so forth. B. As respects this endorsement, the following definition is added to SECTION IV – DEFINITIONS: "Tract housing" means a series of detached one, two, three, or four family dwellings located in a development project, in which one or more parcels or plats of land are subdivided into multiple lots, tracts, parcels or other subdivisions of land. All other terms and conditions remain unchanged. DocuSign Envelope ID: F525A306-8BF9-48E3-A552-7B4232EE8861DocuSign Envelope ID: AB91FD21-DAE2-4426-9C77-64582A7CE84DDocuSign Envelope ID: F2F8D7DE-DC83-42B9-896F-1B1561925E23