**Limitation endorsement (Products - Completed operations)**

It is agreed that the policy does not apply to personal injury or to property damage arising out of the products hazard or the completed operations hazard, except insofar as coverage is available to the insured in underlying insurances as set forth in the schedule of underlying insurances and then only in excess thereof.

**ZURICH INSURANCE COMPANY**
**AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY**

**Countersigned:** [Signature]
**Authorized agent:** [Signature]

**FORM 118-G REV. 11-79**