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_. ~ 1 n. <br />:. <br />NEWLY FORMED OR ACQU'" 'D ORGANIZATIONS <br />A. Paragraph 4. of Section II -Who Is An Insured is deleted and replaced by the following: <br />4. Any business entity acquired by you or incorporated or organized by you under the laws of any <br />individual state of the United States of America over which you maintain majority ownership <br />interest exceeding fifty percent. Such acquired or newly formed organization will qualify as a <br />Named Insured if there is no similar insurance available to that entity. However: <br />a. Coverage under this provision applies only until the expiration of the policy period in which <br />the entity was acquired or incorporated or organized by you. <br />b. Coverage A does not apply to "bodily injury" or "property damage" that occurred before the <br />entity was acquired or incorporated or organized by you. <br />c. Coverage B does not apply to "personal and advertising injury" arising out of an offense <br />committed before the entity was acquired or incorporated or organized by you. <br />d. Records and descriptions of operations must be maintained. by the first Named Insured. <br />s <br /> <br />B. This Section 10. does not apply to newly formed or acquired organizations if coverage is excluded <br />either by provisions of the Coverage Part or by other endorsement(s) attached to it. <br />11. DUTIES IN THE EVENT OF OCCURRENCE, OFFENSE, CLAIM OR SUIT <br />A.. The requirements in Section IV -Conditions, Paragraph 2.a., that you must see to it that we are notified <br />of an "occurrence" applies only when the "occurrence" is known to: <br />1. You, if you are an individual; <br />2. A partner, if you are a partnership; <br />3~. A member or manager, if you are a limited liability company; <br />4. An executive officer or designee, if you are a corporation; <br />5. A trustee, if you a re a trust; or <br />6. A designee, if you are any other type of organization. <br />B. The requirements in Section IV -Conditions, Paragraph 2.b., that you must see to it that we receive <br />written notice of a claim or "suit" will not be considered breached unless the breach occurs after such <br />claim or "suit" is known to: <br />1. You, if you are an individual; <br />2. A partner, if you are a partnership; <br />3. A member or manager if you are a limited liability company; <br />4. An executive officer or designee, if you are a corporation; <br />5. A trustee, if you are a trust; or <br />6. A designee, if you are any other type of organization. <br />Knowledge of an "occurrence," claim or "suit" by the agent, servant or "employee" of any insured shall <br />not in itself constitute knowledge of the insured unless an officer or designee shall have received notice <br />from its agent, servant or "employee". <br />CG 85 76 05 05 Includes copyrighted material of ISO Properties, Inc., with its permission. Page 7 of 8 <br />