Agmt25 Timber and Salt (881 Middlfield Road)

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caused by or resulting by "theft" or attempted "theft" to a building you occupy, including personal property that is used to maintain or service the building. b. We will not pay for loss or damage caused by or resulting from fire or explosion under this Additional Coverage. c. This Additional Coverage applies only to premises where you are a tenant and are responsible in the lease for physical loss or physical damage to the building you lease, rent, or occupy. 34. Valuation Changes The following are added to the Property Loss Conditions Paragraph E.5.d.: a. Commodity Stock We will determine the value of merchandise and raw materials that are bought and sold at an established market exchange. We will determine the value at: (1) The posted market price as of the time and place of loss; (2) Less discounts and expenses you otherwise would have had. b. Finished Stock We will determine the value of goods that you have manufactured at the selling price less discounts and expenses you otherwise would have had. c. Mercantile Stock - Sold We will determine the value of goods you have sold but not delivered at the selling price less discounts and expenses you otherwise would have had. 35. Water Back -Up and Sump Overflow The following Additional Coverage is added: a. We will pay for direct physical loss of or damage to Covered Property resulting from: (1) Water or waterborne material which backs up through or overflows or is otherwise discharged from a sewer or drain; or (2) Water or waterborne material which overflows or is otherwise discharged from a sump, sump pump or related equipment, even if the overflow or discharge results from mechanical breakdown of a sump pump or its related equipment. This coverage is included within the Covered Property Limits of Insurance. b. With respect to this Additional Coverage, the Water Exclusion Paragraph B.2.g. is replaced by the following exclusion: Water (1) Flood, surface water, waves (including tidal wave and tsunami), tides, tidal water, overflow of any body of water, or spray from any of these, all whether or not driven by wind (including storm surge); (2) Mudslide or mudflow; or (3) Water under the ground surface pressing on, or flowing or seeping through: (a) Foundations, walls, floors or paved surfaces; (b) Basements, whether paved or not; or (c) Doors, windows or other openings; or (4) Waterborne material carried or otherwise moved by any of the water referred to in Paragraph (1) or (3), or material carried or otherwise moved by mudslide or mudflow. This exclusion applies regardless of whether any of the above, in Paragraphs (1) through (4), is caused by an act of nature or is otherwise caused. An example of a situation to which this exclusion applies is the situation where a dam, levee, seawall or other boundary or containment system fails in whole or in part, for any reason, to contain the water. But if any of the above, in Paragraphs (1) through (4), results in fire, explosion or sprinkler leakage, we will pay for the loss or damage caused by that fire, explosion or sprinkler leakage. 26-0115 10 10 Includes Copyrighted Material of the Insurance Services Office, Inc. Page 13 of 22 Used with permission ATTY/AGR.2025.234/Pacific Dining CA1, LLC (881 Middlefield Rd) (Page 32 of 47)