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ENDORSEMENT <br />This endorsement, effective 12:01 A.M. 04/01/2025 forms a part of <br />policy No. CA 477-36-76 issued to ST, FRANC 18 ELECTR I C, LLC <br />by NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA <br />THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US <br />This endorsement modifies insurance provided under the following: <br />BUSINESS AUTO COVERAGE FORM <br />Section IV - Business Auto Conditions, A - Loss Conditions, S. - Transfer of Rights of Recovery <br />Against Others to Us, is amended to add: <br />However, we will waive any right of recover we have against any person or organization with whom you have <br />entered into a contract or agreement because of payments we make under this Coverage Form arising out of <br />an "accident" or "loss" if: <br />(1) The "accident" or "loss" is due to operations undertaken in accordance with the contract existing <br />between you and such person or organization, and <br />(2) The contract or agreement was entered into prior to any "accident" or "loss". <br />No waiver of the right of recovery will directly or indirectly apply to your employees or employees of the <br />person or organization, and we reserve our rights or lien to be reimbursed from any recovery funds obtained <br />by any injured employee, <br />/AUT14ORIZED REPRESENTATIVE <br />62897 (6/95) <br />995: 7 . of 2 <br />