Shearer and Associates Inc 3/9/2020

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE Person or Organization:My Person Or Organization You Have Agreed In A Written Contract To Add As An Additional Insured On Your Policy Provided The Written Contract Is Executed Prior To The"Bodily Injury", "Property Damage"Or"Personal And Advertising Injury" Effective Date:The later of the effective date of this policy or the date of this endorsement or the date on which "your work"first started on the project to which this endorsement applies, but in no event later than the policy expiration date or applicable earlier termination date of this policy. The following is added to Paragraph B. Transfer Of Rights Of Recovery Against Others To Us of Section IV—Conditions: We waive any right of recovery we may have against the person or organization shown in the Schedule above because of payments we make for injury or damage arising out of your ongoing operations. This endorsement applies only: 1. to ongoing operations performed by the Named Insured for the person or organization named above on or after the effective date of this endorsement and 2. when you and such person or organization have agreed in writing in a contract or agreement entered into prior to the loss or occurrence that such right of recovery is waived;and 3. when the"suit"for damages against the person or organization in the Schedule is based on the Named Insureds sole negligence. Subrogation shall not be waived with respect to any liability arising directly or indirectly out of any of the following actions of persons or organizations named above: 1. "Professional services"; 2. Modifying or changing specifications without the express written consent of the Named Insured; or 3. Any activities beyond the scope of monitoring the progress ofthe Named Insured. For the purposes of this endorsement,"professional services" includes but is not limited to the following: 1. Preparing,approving, recommending,or failing to prepare,approve,or recommend maps,drawings,opinions, reports, surveys,change orders, designs,specifications, hazard assessment plans, response actions, abatement methods or products, air monitoring plans,or insurance requirements; 2. Supervisory, inspection,training, or engineering services;and/or 3. Monitoring,testing, analysis,legal, accounting, architectural, medical, processing,consulting,or advisoryservices. ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED. This endorsement forms a part of the Policy to which attached, effective on the inception date of the Policy unless otherwise stated herein. (The following information is required only when this endorsement is issued subsequent to preparation of the Policy.) Policy 61o.ACGL000001556408 Endorsement No. 3 Named Insured Shearer&.Associates Inc BTG Investments LLC Countersigned by FM IC-GL-2490(10/201 3) "f{ r