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B.  Any Subcontractor who is in or to whom you have issued written notice of Default and that Default has not been
               cured as of the first day of the Policy Period, unless this is a renewal of a Policy previously issued by us and you
               have disclosed that Default to us prior to the renewal date of this Policy. A failure to make such disclosure will
               exclude all Loss attributable to that Subcontractor under this or any renewal Policy.
            C.  Any  dishonest,  fraudulent,  criminal,  intentional  or  malicious  act,  error  or  omission,  or  those  of  a  knowingly
               wrongful nature committed by you.
            D.  Any Contract that is purchased or otherwise acquired by you from any other person or entity, or sold or otherwise
               transferred by you to any other person or entity, unless specifically agreed to in writing by us.
            E.  A  material  breach  of,  or  inaccuracy  regarding,  any  warranty  and  covenants  made  herein,  in  accordance  with
               Section IV.T. of this Policy, or a material failure to perform or to fulfill any warranty, covenant, or agreement made
               by you in conjunction with a Contract and projects related to these Contracts.
            F  Nuclear reaction, nuclear radiation or radioactive contamination.
            G.  A Default due to:

               1.  war, including undeclared or civil war;
               2.  warlike action by a military force, including action  in  hindering  or defending  against  an actual  or expected
                   attack by any government, sovereign or other authority using military personnel or other agents;

               3.  insurrection, rebellion, revolution, usurped power, or action taken by governmental authority in hindering or
                   defending against any of these;
               4.  terrorism, including any act which is certified by the United States Secretary of the Treasury as an “act of
                   terrorism”, as defined by the Terrorism Risk Insurance Act of 2002 or any amendment thereto; or
               5.  earthquake, flood, fire, storm, natural disaster, act of God, labor strike, lockout, boycott, epidemic or other
                   similar events beyond the reasonable control of the Subcontractor.
            H.  A Subcontractor’s rendering or failure to render professional services, including:

               1.  the preparation or approval of maps, drawings, opinions, reports, surveys, designs, or specifications; or
               2.  supervisory inspection or engineering services.
               This  Exclusion  does  not  apply  to:  (i)  the  normal  supervisory  duties  of  a  general  contractor  or  construction
               manager on a construction project; or (ii) a Default by a Subcontractor engaged by you whose work includes
               any responsibility for furnishing professional services in conjunction with construction services where less than
               fifty percent (50%) of the Contract price charged by the Subcontractor is from professional services.
            I.  Physical damage to other property that is caused by a Default.

               This exclusion does not apply to the cost of correcting defective or nonconforming work or materials, but only to
               the extent such incurred costs or expenses are reasonable and necessary:
               1.  to reach and repair that defective or nonconforming work; and
               2.  are directly related to the Subcontractor's Default.

            J.  Any physical injury, sickness, disease or death suffered or sustained by any person(s), and any pain, suffering,
               mental  anguish,  mental  injury,  mental  tension,  shock,  or  emotional  injury  or  distress  of  any  kind  suffered  or
               sustained by any person(s), whether or not resulting from injury to the body, sickness, disease, or death of any
               person.
            K.  Any  project  that  has  as  its  purpose,  either  wholly  or  in  part  when  put  to  its  intended  use,  to  produce  upon
               substantial completion chemical products, industrial products, electrical power, oil, gas or any other alternative
               power.
            L.  A Contract or Project with substantial completion occurring greater than thirty-six (36) months from;
               1.  under  Insuring  Agreement  A,  the  earliest  date  the  Subcontractor  first  performs  under  the  terms  and
                   conditions of the Contract; or
               2.  under Insuring Agreement B, the Project Commencement.




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