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1) Aircraft Claims arising out of the ownership, operation, use, maintenance or entrustment to others of any aircraft by a covered party. "Ownership, operation, use or maintenance" as used herein does not include static displays of aircraft in a park or museum setting. 2) Airports Claims arising out of ownership, maintenance, management, supervision or the condition of any airport. However, this exclusion does not apply to public officials errors and omissions or employment practices liability coverage arising from the ownership, maintenance, management, supervision or the condition of any airport. Notwithstanding what is stated in the applicable declarations, public officials errors and omissions coverage described in this exception will be subject to a sublimit of $5,000,000. 3) Airshows Claims arising out of any air show sponsored or controlled by the covered party. 4) Bid Specifications/Cost Overruns (a) Claims arising out of estimates of probable cost or cost estimates being exceeded or faulty preparation of bid specifications or plans including architectural plans. (b) Mechanic's lien claims, stop notice claims, change order claims, or similar claims by contractors for the value of services or materials provided; this exclusion extends to such claims however denominated, including claims of breach of oral or written contract, third -party beneficiary claims, quantum meruit claims, and/or open account claims. 5) Contractual Oblifrations Claims arising out of: (a) a failure to enter into a contract, or failure to perform or breach of a contractual obligation; or (b) bodily injury or property damage for which the covered party is obligated to pay damages by reason of the assumption of liability in a contract or agreement. This exclusion does not apply to liability for damages: Memorandum of Coverage Effective: 0710112019 16