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DocuSign Envelope ID: BEB8068C- CE83- 4A4A- 99F5- 7687BE529A08 <br />Appraisal and Valuation <br />Professional Liability Insurance Policy A S P E N <br />Named Insured: SMITH, DAVID ALLFN Policy Number: AAI007922 -03 <br />Effective Date: 01/27/2018 <br />Customer LD: 167112 <br />THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />COMMERCIAL APPRAISAL ENDORSEMENT <br />In consideration of the premium charged, it is agreed that the Insureds identified below have been approved by the <br />Company to perform Professional Services involving Commercial Property. <br />InenrPd <br />David Allen Smith <br />Effective Date of A[auroval <br />01/27/2018 <br />Exclusion (N) remains unchanged and effective, however, unless the Insured identified is approved for Professional <br />Services involving undeveloped or vacant land whose proposed use is for multiple unit single - family housing <br />developments, condominium developments, co- operative housing developments or apartment developments consisting of <br />10 units or mare. <br />All other terms, conditions, and exclusions of this Policy remain unchanged. <br />Aspen AInmican I isurmice Company Pegr 1 of 1 <br />LIAO 13 (10114) <br />