<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that, notwithstanding the terms, exclusions, provisions and conditions of the policy or any endorsements agreed upon and subject to the insured having paid the agreed extra premium, Section I of the policy shall be extended to cover loss or damage to property insured (except property being manufactured, processed or stored at the manufacturer&rsquo;s, distributor&rsquo;s or supplier&rsquo;s premises) in the off-site storage stated below provided that the liability of the Insurers hereon shall be limited to the amount herein specified:</span></p>

<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Off-site Storage Location: to be declared</span></p>

<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Limit of Indemnity: <s>P</s>10,000,000.00/site</span></p>

<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">The Insurers will not indemnify the Insured for loss or damage caused by the neglect of generally accepted loss prevention measures for warehouse or storage units.&nbsp; Such measures include, in particular</span></p>

<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->- Ensuring that the storage area is properly guarded, protected against fire, as appropriate for the particular location or type of property stored;</span></p>

<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">- Separating the storage units by fire-proof walls or by a distance of at least 50 meters;</span></p>

<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->- Positioning and designing the storage unit/s in such a way as to prevent damage by accumulating water or flooding due to rainfall or by a flood with a statistical return period of less than 20 years.</span></p>

<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->- Limiting the value of insured properties per storage unit to <s><u>P</u></s><u>2,000,000.00.</u></span></p>

<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">The Insurers hereby acknowledge, and thus confirm policy coverage, of the declaration of the Insured that minor assembly works such as the welding together of piping materials at the said off-site storage prior to delivery at the project site.&nbsp; Provided, however, that the coverage extension afforded under this Endorsement shall not apply to works or materials not intended for the insured project</span></p>
