CERTIFICATE OF COVERAGE UMBRELLA AND EXCESS...

10GAU200 (08/10)

CERTIFICATE OF COVERAGEUMBRELLA AND EXCESS LIABILITY INSURANCE

Certificate Number Participating Insurance Company(ies) Master Policy NumberUM30046908 VARIOUS SEE BELOW

DISTINGUISHED PROPERTIES UMBRELLA MANAGERS, INC. AND ITS MEMBERSA Real Estate Purchasing Group

Distinguished Properties Umbrella Managers Inc. Risk Purchasing Group Member (Certificate Holder) and Mailing Address:Fiesta Homeowners Association, Inc.c/o MLM Prop Mgt9900 W. Sample Road, Suite 300Coral Springs, FL 33065

Designated Location(s) and Named Insured(s): See Schedule of Locations Form # DP001 and Named Insured Schedule Form # DP002 attached to and forming part of this Certificate of Coverage.Coverage Period: 08-21-2015 to 08-21-201612:01 a.m. Standard Time at the Mailing Address of the Purchasing Group Member as stated herein.

APPLICABLE LIMITS OF INSURANCE AND PARTICIPATING CARRIERSCOMBINED LIMIT OF LIABILITY: $15,000,000 EACH OCCURRENCE AND AGGREGATE AS APPLICABLE

$25,000 CRISIS RESPONSE OCCURRENCE/AGGREGATE LIMITPARTICIPATING INSURANCE COMPANIES AND LIMITS:

Lead Insurance: Policy #: Limits of Insurance:Great American Insurance Co. UM3305282 $10,000,000 Each Occurrence301 Fourth St.Cincinnati OH 45202

$10,000,000$10,000,000

General AggregateProducts/Completed Operations

Excess Insurance:Ironshore Indemnity Inc.PO BOX 3407New York NY 10008

002058500 $5,000,000 Each Occurrence and AggregateExcess of $10,000,000

SCHEDULE OF UNDERLYING INSURANCE LIMITS OF LIABILITY: See Schedule A - Schedule of Underlying Insurance - Form No. GAI 6008 (Ed. 06 97) attached to Policy # UM3305282FORMS AND ENDORSEMENTS: See Forms and Endorsements Schedule - Form No. GAI 6013 (Ed 06 97) attached to Policy #UM3305282. See the Excess Insurance Policies for additional Forms and Endorsements.ADDITIONAL ENDORSEMENTS, EXTENSIONS, EXCLUSIONS, OR EXCEPTIONS attached to Policy #UM3305282:

THE MASTER INSURANCE POLICY STATED ABOVE IS ISSUED TO DISTINGUISHED PROPERTIES UMBRELLA MANAGERS INC., A RISK PURCHASING GROUP. THE INSURANCE APPLIES TO THE PURCHASING GROUP MEMBER(S) NAMED ABOVE AND IS GOVERNED BY AND SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND CONDITIONS OF THE MASTER POLICY. UNDERLYING INSURANCE REQUIREMENTS:IT IS WARRANTED BY THE PURCHASING GROUP MEMBER AND/OR THEIR PRODUCER THAT THE UNDERLYING INSURANCE MEETS OR EXCEEDS THE MINIMUM REQUIREMENTS AS SHOWN IN SCHEDULE OF UNDERLYING INSURANCE - FORM # GAI 6008 (Ed. 06 97) ATTACHED TO POLICY #UM3305282.

ISSUE DATE: 06-23-2015 AUTHORIZED SIGNATURE:

CERTIFICATE HOLDER NOTICE

THIS INSURANCE IS PROVIDED THROUGH THE PURCHASING GROUP:DISTINGUISHED PROPERTIES UMBRELLA MANAGERS INC.

A “CERTIFICATE OF COVERAGE” IS ISSUED TO EACH MEMBER OF THE PURCHASING GROUP AS EVIDENCE OF INSURANCE. PLEASE REFER TO THE CERTIFICATE OF COVERAGE FOR THE APPLICABLE LIMIT OF LIABILITY, PARTICIPATING INSURERS, COVERAGE PERIOD, AND ADDITIONAL TERMS, CONDITIONS AND EXCLUSIONS THAT MAY APPLY.

THIS SECTION HIGHLIGHTS THE UNDERLYING INSURANCE REQUIREMENTS

PLEASE READ IT CAREFULLY

Payment and acceptance of this insurance confirms the following Underlying Insurance and Risk Eligibility Requirements have been met for this RPG-Member Insured. Non-compliance with any of these requirements will render this insurance null and void. In this case, the Certificate of Coverage must be returned to us in conjunction with an updated application for review and consideration. Please contact your Agent/Broker with any questions or to make any changes.

UNDERLYING INSURANCE REQUIREMENTS

- It is warranted by the purchasing group member and/or their Agent/Broker that: (1) All underlying insurers for the renewal or replacement of the underlying insurance will be rated A- VI or better by A.M. Best at the time the underlying coverage became effective and when it is renewed or replaced.. However, we will provide coverage over Employer’s Liability placed with Certified State Funds, and/or carriers with A.M. Best Rating of B++ VI or better. (2) The underlying insurance meets or exceeds the minimum limit requirements as shown in Schedule of Underlying Insurance Form attached to the lead master policy.

- Coverage for Supplementary Payments (Defense Costs) on ALL underlying policies is in addition to the limits of liability.

- For Member Insureds with more than one (1) scheduled location, the underlying Commercial General Liability insurance must have a per location aggregate endorsement or equivalent.

ELIGIBLE UNDERLYING INSURANCE: MINIMUM LIMITS REQUIRED:

Commercial General Liability (CGL): $1,000,000 Per Occurrence$2,000,000 General Aggregate Per Location$1,000,000 Personal & Advertising Injury

Commercial Auto Liability (AL): $1,000,000 Combined Single Limit

Employer’s Liability (EL): $500,000 Each Accident$500,000 Each Policy$500,000 Each Employee

Employee Benefits Liability (EBL): $1,000,000 Each Occurrence or Each Claim$1,000,000 Aggregate

Garage Keepers Legal Liability (GKLL): $1,000,000 Each Occurrence$1,000,000 Aggregate

$1,000,000 Each Claim (Indemnity)$1,000,000 Each Claim (Defense)$1,000,000 Aggregate each Association

OR$2,000,000 Each Claim (Defense inside the limit)

Directors & Officers Liability (D&O):(Not For Profit Community Associations Only)Mono-line forms only. (Great American, Travelers, USLI, Farmers, Liberty Mutual, C.N.A., CAU, AIX Specialty Insurance Company. NY & NJ ONLY- National Union and Chubb form #14-02-6028 8/01with endorsement #14-02-17026 (07-2010) are acceptable underlyingcarriers)

$2,000,000 Aggregate each Association

Certificate Holder Notice

ELIGIBLE UNDERLYING INSURANCE: MINIMUM LIMITS REQUIRED:

Commercial General Liability (CGL) $1,000,000 Per Occurrence$2,000,000 General Aggregate Per Location$1,000,000 Personal & Advertising Injury

Commercial Auto Liability $1,000,000 Combined Single Limit

Employer’s Liability: $500,000 Each Accident$500,000 Each Policy$500,000 Each Employee

Garage Keepers Legal Liability $1,000,000 Each Occurrence/Aggregate

$1,000,000 Each Claim (Indemnity)$1,000,000 Each Claim (Defense)$1,000,000 Aggregate each Association

OR$2,000,000 Each Claim (Defense inside the limit)

Directors & Offices Liability Not for Profit Community Association*(Only Great American, Travelers, USLI, Farmers, Liberty Mutual, C.N.A, CAU – monoline. NJ & NY ONLY- National Union and Chubb form #14-02-6028 8/01 with endorsement #14-02-17026 (07/2010) are acceptable underlying insurer) $2,000,000 Aggregate each Association

CERTIFICATES OF INSURANCE AND/OR EVIDENCE OF INSURANCE

A Certificate and/or Evidence of Insurance issued by your agent does not constitute a contract between the issuing insurer(s), authorized representative or producer, and the certificate holder, nor does it affirmatively or negatively amend, extend or alter the coverage afforded by the policies listed hereon. Certificates of Insurance must reflect the current terms and conditions of the actual insurance policies. Changes to the existing policy terms and conditions cannot be effected through the issuance of a Certificate of Insurance. Any desired changes must be submitted to the purchasing group’s representative at “Distinguished Programs Insurance Brokerage LLC” for review and approval.

RISK ELIGBILITY REQUIREMENTS

- Coverage is limited to real estate risks only and covers risk exposures usual and customary to their ownership and/or management. All locations must comply with the following:

NO commercial operations or occupancies operated by a named insured other than a named insured's property management office for a scheduled location.

- NO planned or active structural/ground-up construction or real estate development.- Buildings must have an occupancy of 75% or greater.- NO owned or leased vehicles, unless completed auto supplement is attached and is approved by an Underwriter.- NO armed security (employed or 3rd party contracted).- NO new daycare facilities have been opened.- NO drivers under the age of 21 for any auto.- No more than 50% of any rental building is rented short-term.- No more than 20% of the units at any location are Senior/Independent Living.- No more than 20% of the units at any location are subsidized.- Undergraduate students occupy no more than 50% of the units at any location.- No undisclosed claims, whether in the past or newly reported with losses incurred in excess of $250,000 - No undisclosed claims, whether in the past or newly reported, involving: violent acts (such as assault, rape, or shooting) or

class action lawsuits or construction defect lawsuits or habitability or tenantability lawsuits.

MEMBER NAMED INSURED’S COVERAGE PERIOD

The policy period in the Master Policies’ Declarations page may differ from that of the Certificate of Coverage. Please refer to the Risk Purchasing Group Endorsement attached to the lead master policy which states that the coverage period for each member is based on the actual period stated in the Member’s Certificate of Coverage.

SPECIFIED NAMED INSURED LIMITATION

All Named Insureds must be scheduled on the policy. Each scheduled Named Insured must have direct ownership interest in a scheduled location. The Named Insured is limited to the Persons or Organizations stated in the Certificate of Coverage and/or the Schedule of Other Named Insureds attached to and forming part of the Certificate of Coverage.

DESIGNATED PREMISES LIMITATION

Insurance is afforded for designated premises only. Newly acquired locations must meet the aforementioned eligibility requirements and must be reported to our office prior to their desired effective date. Coverage cannot be backdated. Please submit our Application and any required Supplemental Applications. All Applications can be found on our website www.distinguished.com. Any change request submitted is not bound unless written confirmation is received from our office.

SCHEDULED LOCATIONS

Premises listed separately on the “Schedule of Premises” in the policy do not always constitute separate limits. When a building or premises is shown in the "Schedule of Premises" as being "Covered as Part of" another building or premises, both premises are considered one location.

RISK TRANSFER REQUIREMENTS FOR COMMERCIAL TENANTS, CONTRACTORS AND SUB-CONTRACTORS

All of the following risk transfer requirements must be required through a written contract/lease for the following parties: commercial tenants, 3rd party vendors, contractors and/or sub-contractors: - Insured is provided with Certificates of Insurance as proof of General Liability Insurance- Minimum underlying limits of $1,000,000 Occurrence/Personal Injury and Advertising Injury and $2,000,000 General /Products Aggregate are carried and name the Insured as an Additional Insured- Contract/Lease must include Hold Harmless wording in favor of our Insured.

CLAIMS INFORMATION

We encourage you to visit our web page at www.distinguished.com for useful information on a variety of topics including: What To Do When You Have A Claim Incident Reporting Risk Management TipsThe information can be accessed from the Claims Menu on our website (click "Claims" on the home page).

CANCELLATIONS

Flat cancellations of automatic renewals will be accepted within 30 days of the effective date.

Commercial Umbrella and Excess Liability InsuranceSchedule of Additional Interests

1 DP002 (04/09)

Attached to and forming part of Certificate of Coverage Number: S000112138

For Distinguished Properties Umbrella Managers, Inc. Purchasing Group Member:

Fiesta Homeowners Association, Inc.

Item 1 of the Certificate of Coverage is amended to include the following as member (s).

Type Entity Name DescriptionNone 0

THIS PARTICIPATION AGREEMENT AND DISCLOSURE STATEMENT MUST BE PROVIDED BY YOU TO THE INSURED PRIOR TO BINDING ANY COVERAGE.

PARTICIPATION AGREEMENT AND DISCLOSURE STATEMENT

Distinguished Properties Umbrella Managers Inc. (“Distinguished Programs”) is a purchasing group as

defined in the federal Risk Retention Act of 1986, and is organized under the laws of the state of

Delaware. Distinguished Programs is authorized to purchase insurance for its commercial real estate

members (apartments, condominium(s), cooperatives, homeowner associations, office buildings, strip

shopping centers, stand alone retail and light industrial) and museum members. Distinguished Programs

purchases master policies of insurance on behalf of the members in the purchasing group. The cost of

obtaining these policies includes premiums, commissions paid to agents or brokers, fees to third-party

claims investigation and claims payment services, and general administration fees and expenses,

including fees paid to Distinguished Programs Manager. Distinguished Programs officers may at their

discretion allocate such costs associated with obtaining these policies among the members of the

purchasing group. All such premiums, commissions, fees and expenses are non-auditable. By

accepting the insurance offered in the Proposal for Insurance, incorporated into this document by

reference, the entity(s) identified in the “Named Insured” Proposal schedule (hereafter, “Member”)

becomes a member of Distinguished Programs and agrees to participate in the insurance program

offered by Distinguished Programs.

Member hereby acknowledges that the cost to Distinguished Programs for purchasing insurance policies

on behalf of its members includes the premiums, commissions, and the administrative and management

fees and expenses referred to above (“Program Costs”). Member (i) understands that the quoted

amount payable by the Member includes its share of these Program Costs, as allocated by Distinguished

Programs officers or their designees, and (ii) agrees to pay its share of these Program Costs, included in

the quotation, as a condition of membership in Distinguished Properties Umbrella Managers Inc.

Member further acknowledges that the Program Costs may also include taxes and fees assessed by

individual states.

As a member of Distinguished Programs, Members shall be entitled to participate in the insurance

program offered by Distinguished Programs and shall have an opportunity with all other members to

apply for and purchase insurance coverages offered through Distinguished Programs. Except as

otherwise specified in this document, Member shall have no rights regarding the general governance of

Distinguished Programs and shall not have or succeed to any voting rights with respect to the corporate

affairs of Distinguished Programs.

Commercial Umbrella and Excess Liability InsuranceSchedule of Locations

*Separate location records on this schedule may not constitute a separate limit of insurance. All record ID’s which are part of the same record are considered to be one location

**Of Tallest Building at Location

Page 1 of 1 DP001 (04/09)

Issue Date:08-21-2015

Attached to and forming part of Certificate of Coverage Number: UM30046908

For Distinguished Properties Umbrella Managers, Inc. Purchasing Group Member:

Fiesta Homeowners Association, Inc. Coverage Effective Date: 08-21-2015Coverage Expiration Date: 08-21-2016

Location No. Bldg No. Covered As Part of Building Number Address and Description

1 various per schedule, Margate, FL 33063Construction Occupancy # Hab Units Comml Sq Ft

JMS PUD 348 0

No of Floors** Parking Sq Ft # Pools Vacant Land Acres

2 N/A 1

Private Passenger:

0 Pick Up/Light Truck:

0 Medium Truck:

0Number of Vehicles Scheduled: Van: 0 Heavy Truck: 0

DISTINGUISHED PROPERTIES UMBRELLA MANAGERS INC.RISK PURCHASING GROUP

COMMERCIAL UMBRELLA LIABILITYMASTER INSURANCE POLICY

COMBINED LIMIT OF LIABILITY: $15,000,000PARTICIPATING INSURERS:

● Great American Insurance Co. Lead Umbrella Limit: $10,000,000

● Ironshore Indemnity Inc. Limits: $5,000,000 Excess of: $10,000,000

IMPORTANT NOTICEA “CERTIFICATE OF COVERAGE” IS ISSUED TO MEMBERS OF THE PURCHASING

GROUP AS EVIDENCE OF INSURANCE

Refer to the Certificate of Coverage for the applicable Limit of Liability, Coverage Period, and any other Terms, Conditions and Exclusions that may apply in addition to those

stated in the actual policy.

UMBRELLA DIRECT CLAIMS REPORTING INSTRUCTIONS

DISTINGUISHED PROPERTIES UMBRELLA MANAGERS INC.RISK PURCHASING GROUP

E-mail all claim documents directly to the applicable umbrella insurers (see the Members’ Certificate of Coverage for a list of participating insurers) at the appropriate email addresses listed below.

Submit a complete first notice of loss (ACORD Notice of Loss form or equivalent) that includes the following information: Insured Name, Date of Loss, Location address, Claimants name, and description of the loss.

Please attach a copy of the Certificate of Coverage to the Notice of Loss which lists the policy numbers in order for the insurer to verify coverage.

Attach all other pertinent documents including, but not limited to, Summons & Complaint, Incident Reports, and Police Reports.

Where available, provide the primary insurer’s contact information including Insurer Name, Policy #, Claim #, Adjuster’s name and phone number.

Insurer Email Fax PhoneGreat American Ins. Co. 301 Fourth St. Cincinnati OH 45202-4201 [email protected] 513-579-6314

Ironshore Indemnity Co.PO BOX 3407, New York NY 10008 [email protected] 973-404-9034 866-391-9675

United States Fire Insurance Company305 Madison Ave, Morristown, NJ 07962 http://agents.cfins.com 877-622-6533 888-890-1500

Ohio Casualty Ins. Co175 Berkley St., Boston MA 02116 [email protected] 800-293-4269

Allied World Assurance Co. (US) Inc.199 Water St, 24th FL, New York NY 10038 AWACUS.GeneralCasualtyClaims.awac.com 646-794-0811

Great American Alliance Ins. Co.301 4th St., Cincinnati OH 45202 [email protected] 513-579-6314

Westchester Fire Ins. Co.PO Box 5119 Scranton PA 19106 [email protected] 215-640-5055 877-518-3494

Ironshore Indemnity Co.PO BOX 3407, New York NY 10008 [email protected] 973-404-9034 866-391-9675

Ohio Casualty Ins. Co175 Berkley St., Boston MA 02116 [email protected] 800-293-4269

You will receive an acknowledgement from all applicable Insurers within 72 hours of receipt.

mailto:[email protected]


http://agents.cfins.com



DISTINGUISHED PROPERTIES UMBRELLA MANAGERS INC. RISK PURCHASING GROUP

COMMERCIAL UMBRELLA LIABILITY MASTER INSURANCE POLICY

LIMIT OF LIABILITY OPTIONS: (1) $1,000,000 or

(2) $2,000,000 or

(3) $5,000,000 or

(4) $10,000,000

ISSUED BY Great American Insurance Company

Policy# UM3305282

MPORTANT NOTICE

A “CERTIFICATE OF COVERAGE” IS ISSUED TO MEMBERS OF THE PURCHASING GROUP AS EVIDENCE OF INSURANCE

Refer to the Certificate of Coverage for the applicable Limit of Liability, Coverage

Period, and any other Terms, Conditions and Exclusions that may apply in addition to those stated in the actual policy.

GAI 6001 (Ed. 06 97)

Policy No.: UM 3305282 Renewal of: UM 1942898

THE PROTECTOR COMMERCIAL UMBRELLA DECLARATIONS PAGE

1. NAMED INSURED AND ADDRESS:Distinguished Properties Umbrella Managers, Inc. c/o 3H Corporate Services, LLC 1201 N. Orange Street, Suite 710 Wilmington, DE 19801-1186

2. POLICY PERIOD:12:01 A.M. Standard Time at the address of the Named Insured shown at left. From: 09/01/14 To: 09/01/16

IN RETURN FOR PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL TERMS OF THIS POLICY, WE AGREE WITH YOU TO PROVIDE THE INSURANCE AS STATED IN THIS POLICY.

PRODUCER'S NAME AND ADDRESS: Distinguished Programs Insurance Brokerage, LLC 1180 Avenue of the Americas, 16th Floor New York, NY 10036

Insurance is afforded by: GREAT AMERICAN INSURANCE COMPANY

3. PREMIUM:

Commercial Umbrella Premium $ Per Individual Certificate of Coverage Personal Umbrella Premium $ Total Advance Premium $ Service Charge $ Taxes $Surcharge $Total $ Per Individual Certificate of Coverage

In the event of cancellation by the Named Insured, the company will receive and retain no less than 20% as a policy minimum premium.

BASIS OF PREMIUM: Non-Auditable ( X ) Auditable ( )

4. LIMITS OF INSURANCE: $Per Certificate Each Occurrence $Per Certificate General Aggregate (Where Applicable) $Per Certificate Products-Completed Operations Aggregate

5. SELF-INSURED RETENTION: $ NONE

6. FORMS AND ENDORSEMENTS applicable to all Coverage Forms and made part of this Policy at time of issueare listed on the attached Forms and Endorsements Schedule, GAI 6013 (Ed. 06 97).

Countersigned ______________ By ____________________ Date Authorized Representative

GAI 6001 (Ed. 06/97) PRO (Page 1 of 1)

GAI 6013 (06/97) Page 1 of 1

Administrative Offices GAI 6013 (Ed. 06 97)301 E 4th StreetCincinnati, Ohio 45202-4201 513 369 5000 ph

FORMS AND ENDORSEMENTS SCHEDULE

It is hereby understood and agreed the following forms and endorsements are attached to and are a part of this policy:

Form Number Edition Date Form Description

GAI 6001 6/97 The Protector Commercial Umbrella Declarations Page GAI 6013 6/97 Forms & Endorsements Schedule GAI 6008 6/97 Schedule A - Schedule of Underlying Insurance (Supplemental) GAI 7118 2/10 Limitation of Coverage to Specified Locations Endorsement GAI 6002 6/97 The Protector Commercial Umbrella Coverage Form GAI 6434 7/99 Amendment of Insuring Agreement – Known Injury or Damage GAI 6312 6/97 Unintentional Errors or Omissions GAI 7115 7/11 Risk Purchasing Group Endorsement GAI 7235 3/12 Crisis Response Coverage Endorsement GAI 6611 04/98 Claims Made Coverage Endorsement GAI 6478 4/03 Underlying Sublimits Endorsement GAI 6129 6/97 Personal Injury - Following Form GAI 6047 6/97 Advertising Injury - Following Form GAI 6113 6/97 Contractual Liability - Following Form GAI 6106 6/97 Auto Liability – Following Form GAI 7164 5/11 Directors and Officers Liability Following Form GAI 6136 6/97 Punitive or Exemplary Damages - Following Form GAI 6153 6/97 Employee Benefit Liability – Following Form GAI 6135 6/97 Professional Liability Exclusion GAI 6442 1/02 Fungi, Mold or Spores Exclusion (Except NY) GAI 6127 6/97 Non-Business Activities Exclusion GAI 6333 6/97 Exclusion – Liability Arising out of Lead GAI 6050 6/97 Intellectual Property Exclusion GAI 7119 2/10 Amendment of Pollution Exclusion – Exception for Named Peril of Hostile Fire;

Building Heating, Cooling and Dehumidifying Equipment And Water Heating Equipment

GAI 6474 3/03 War Liability Exclusion GAI 6819 10/04 Silica or Related Dust Exclusion GAI 6011 6/97 Broad Named Insured Endorsement GAI 6452 1/08 Cap on Losses from Certified Acts of Terrorism GAI 6011 06/97 Exclusion – Nuclear, Biological, or Chemical From A “Certified Act of Terrorism” GAI 6475 1/08 Act of Terrorism Retained Limit GAI 6458 1/08 Exclusion of Punitive Damages Related to a Certified Act of Terrorism GAI 6847 12/06 Conditional Exclusion of Terrorism (Relating To Disposition of Federal

Terrorism Risk Insurance Act IL 7268 09/09 In Witness Clause IL 7324 08/12 Economic and Trade Sanctions Clause

Administrative Offices 580 Walnut Street Cincinnati, Ohio 45202 Tel: 1-513-369-5000

GAI 6008 (Ed. 06 97)

GAI 6008 (06/97) PRO Page 1 of 1

SCHEDULE A—SCHEDULE OF UNDERLYING INSURANCE (SUPPLEMENTAL) Carrier, Policy Number and Period Type of

Coverage Limits of Insurance

(THE LIMITS LISTED BELOW ARE THE MINIMUM LIMITS REQUIRED AND MAY BE HIGHER)

It is warranted by the Purchasing Group Member that any carrier for underlying insurance in force, or at renewal or replacement thereof, will be rated A –VI or better by A.M. Best and that the underlying insurance provides supplementary payments that do not reduce the limits of insurance

General Liability

$1,000,000 Each Occurrence $1,000,000 Personal & Advertising Injury INCLUDED Products/Completed Operations Aggregate $2,000,000 General Aggregate

IF ANY - It is warranted by the Purchasing Group Member that any carrier for underlying insurance in force, or at renewal or replacement thereof, will be rated A –VI or better by A.M. Best and that the underlying insurance provides supplementary payments that do not reduce the limits of insurance

Auto Liability $1,000,000 Combined Single Limit Per Individual Schedule Automobile Symbols

IF ANY - It is warranted by the Purchasing Group Member that any carrier for underlying insurance in force, or at renewal or replacement thereof, will be rated A –VI or better by A.M. Best

Employee Benefits Liability

$1,000,000 Each Claim/Occurrence $1,000,000 Aggregate


Employers Liability*

$500,000 Each Accident $500,000 Each Employee – Disease $500,000 Policy Limit – Disease


Garagekeepers Legal Liability

$1,000,000 Each Loss


Directors & Officers Liability** (see below)

$1,000,000 Aggregate

*Exceptions include coverage written with a certified state fund or any underlying carrier expressly approved by TheDistinguished Programs Group ** Directors & Officers Liability for Not for Profit Condominium, Cooperative and Homeowners Associations only

GAI 71 18 (Ed. 02 10)

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

LIMITATION OF COVERAGE TO SPECIFIED LOCATIONS ENDORSEMENT

This endorsement modifies insurance provided under the following: COMMERCIAL UMBRELLA COVERAGE FORM

The policy applies only to liability arising out of: A. An “insured’s” operation at the premise(s) listed below 1. Specified Locations Covered by underlying insurance and which are listed on the Schedule of Locations Form

#DP 001, issued with the Distinguished Properties Umbrella Managers, Inc. Purchasing Group member’s individual certificate of coverage, attached to and form part of this policy.

or

B. any premise(s) newly acquired by the insured, if such acquisition is reported to us within 90 days of the acquisition of such ownership or control by any “insured” from a prior owner that is not an “insured”

This endorsement does not change any other provision of the policy.

GAI 71 18 (Ed. 02/10) (Page 1 of 1)

Administrative Offices 580 Walnut Street Cincinnati, Ohio 45202

Tel: 1-513-369-5000

Administrative Offices301 E 4th StreetCincinnati OH 45202-4201513 369 5000 ph

F 8972D (3/2011)GAI 6002 (Ed. 06/97) XS (Page 1 o f 15)

ABCD

GAI 6002(Ed. 06 97)

T H E P R O T E C T O R

COMMERCIAL UMBRELLA COVERAGE FORM

There are provisions in this policy that restrictcoverage. Read the entire policy carefully to d e -termine rights, duties and what is and is not c o v -ered.

Throughout this policy, the words "you" and"your" refer to the Named Insured as defined inInsuring Agreement, V. DEFINITIONS. Thewords "we," "us" and "our" refer to the Companyproviding this insurance. The word "Insured"means any person or organization qualifying as

such in Insuring Agreement, V. DEFINITIONS.Words and phrases that appear in quotationmarks have special meaning and can be found inthe DEFINITION Section or the specific policyprovision where they appear.

In consideration o f the payment o f the premiumand in reliance upon the statements in the Dec -larations we agree with you to provide coverageas follows:

INSURING AGREEMENTS

I. COVERAGE

We will pay on behalf o f the "Insured" thosesums in excess o f the "Retained Limit" that the"Insured" becomes legally obligated to pay byreason o f liability imposed by law or assumedby the "Insured" under an "insured contract"because o f "bodily injury," "property damage,""personal injury," or "advertising injury" thattakes place during the Policy Period and iscaused by an "occurrence" happening any-where. The amount we will pay f o r damages islimited as described below in the InsuringAgreement Section II. LIMITS OF INSUR-ANCE.

II. LIMITS OF INSURANCE

A. The Limits o f Insurance shown in Item 4.o f the Declarations and the rules belowstate the most we will pay regardless o fthe number of:

1. "Insureds";

2. "claims" made or "suits" brought; or

3. persons or organizations making"claims" or bringing "suits."

B. The General Aggregate Limit is the mostwe will pay f o r all damages covered underthe Insuring Agreement in Section I., e x -cept:

1. damages included in the "products-completed operations hazard"; and

2. coverages included in the policies l is t -ed in the Schedule o f Underlying In-surance to which no underlying ag-gregate limit applies.

The amount stated on the Declarations asthe General Aggregate Limit is the mostwe will pay f o r all damages arising out o fany "bodily injury," "property damage,""personal injury," or "advertising injury"subject to an aggregate limit in the "un-derlying insurance." The General AggregateLimit applies separately and in the samemanner as the aggregate limits in the "un-derlying insurance."

C. The Products-Completed Operations A g -gregate Limit is the most we will pay f o rall damages included in the "products-completed operations hazard."

D. Subject to B. or C. in Section II. LIMITSOF INSURANCE, whichever applies, theEach Occurrence Limit is the most we willpay f o r "bodily injury," "property damage,""personal injury," or "advertising injury"covered under the Insuring Agreement inSection I. because o f all "bodily injury,""property damage," "personal injury," or"advertising injury" arising out o f any one"occurrence."

GAI 6002 (Ed. 06/97) XS (Page 2 o f 15)

E. I f the applicable Limits o f Insurance o f thepolicies listed in the Schedule o f Under-lying Insurance or o f other insurance p r o -viding coverage to the "Insured" are r e -duced or exhausted by actual payment o fone or more "claims," subject to the termsand conditions o f this policy, we will:

1. in the event o f reduction, pay in e x -cess o f the reduced underlying Limitso f Insurance, or;

2. in the event o f exhaustion, continue inforce as "underlying insurance," butf o r no broader coverage than is avail-able under this policy.

F. The Limits o f Insurance o f this policy ap -ply separately to each consecutive annualperiod and to any remaining period o f lessthan 12 months, starting with the begin-ning o f the policy period shown in theDeclarations, unless the policy period isextended after issuance f o r an additionalperiod o f less than 12 months. In thatcase, the additional period will be deemedpart o f the last preceding period f o r p u r -poses o f determining the Limits o f Insur-ance.

G. Retained Limit

We will be liable only f o r that portion o fdamages, subject to the Each OccurrenceLimit stated in the Declarations, in excesso f the "retained limit," which is the greaterof:

1. the total amounts stated as the ap -plicable limits o f the underlying po l i -cies listed in the Schedule o f Under-lying Insurance and the applicable limitso f any other insurance providing c o v -erage to the "Insured" during the PolicyPeriod; or

2. the amount stated in the Declarationsas Self-Insured Retention as a resulto f any one "occurrence" not coveredby the underlying policies listed in theSchedule o f Underlying Insurance norby any other insurance providing c o v -erage to the "Insured" during the PolicyPeriod;

and then up to an amount not exceedingthe Each Occurrence Limit as stated in theDeclarations.

Once the Self-Insured Retention has beenexhausted by actual payment o f "claims" infull by the "Insured," the Self-Insured Re-tention will not be reapplied or again pay-able by the "Insured" f o r said Policy Pe-riod.

III. DEFENSE

A. We will have the right and duty to investi-gate any "claim" and defend any "suit"seeking damages covered by the termsand conditions o f this policy when:

1. the applicable Limits o f Insurance o fthe underlying policies listed in theSchedule o f Underlying Insurance andthe Limits o f Insurance o f any otherinsurance providing coverage to the"Insured" have been exhausted by a c -tual payment o f "claims" f o r any " o c -currence" to which this policy applies;or

2. damages are sought f o r any "occur -rence" which is covered by this policybut not covered by any underlyingpolicies listed in the Schedule o f Un-derlying Insurance or any other insur-ance providing coverage to the "In-sured."

B. When we assume the defense o f any"claim" or "suit":

1. We will investigate any "claim" and d e -fend any "suit" against the "Insured"seeking damages on account o f any"occurrence" covered by this policy.We have the right to investigate, d e -fend and settle the "claim" or "suit" aswe deem expedient.

2. All expenses we incur in the investiga-tion o f any "claim" or defense o f any"suit" are in addition to our Limits o fInsurance.

3. We will pay the fol lowing as e x -penses, to the extent that they are notincluded in the coverage in the under-lying policies listed in the Schedule o f

GAI 6002 (Ed. 06/97) XS (Page 3 o f 15)

Underlying Insurance or in any otherinsurance providing coverage to the"Insured":

a. premiums on bonds to release a t -tachments, which bond amountswill not exceed our Limits o f In-surance, but we are not obligatedto apply f o r or furnish any suchbond;

b. premiums on appeal bonds, whichbond amounts will not exceed ourpolicy limits, required by law toappeal any "claim" or "suit" wedefend, but we are not obligatedto apply f o r or furnish any suchbond;

c. all costs taxed against the "In-sured" in any "claim" or "suit" wedefend;

d. pre-judgment interest awardedagainst the "Insured" on that parto f the judgment we pay that iswithin our applicable Limits o f In-surance. I f we make an o f f e r topay the applicable Limits o f Insur-ance, we will not pay any p r e -judgment interest based on theperiod o f time after the of fer ;

e. all interest that accrues after en -try o f judgment and before wehave paid, o f fered to pay or d e -posited in court the part o f thejudgment that is within our ap -plicable Limit o f Insurance;

f. the "Insured's" actual and reason-able expenses incurred at our r e -quest.

C. We will not investigate any "claim" or d e -fend any "suit" after our applicable Limitso f Insurance have been exhausted by pay-ment o f judgments or settlements.

D. In all other instances except Subsection A.in Section III. DEFENSE, we will not beobligated to assume charge o f the inves-tigation, settlement or defense o f any"claim" or "suit" against the "Insured." Wewill, however, have the right and will begiven the opportunity to participate in thesettlement, defense and trial o f any "claim"

or "suit" relative to any "occurrence"which, in our opinion, may create liabilityon our part under the terms o f this policy.I f we exercise such right, we will do so atour own expense.

IV. EXCLUSIONS

This insurance does not apply to:

A. "Bodily injury" or "property damage" e x -pected or intended f rom the standpoint o fthe "Insured." This exclusion does not ap -ply to "bodily injury" resulting f rom theuse o f reasonable force to protect p e r -sons or property.

B. Any obligation o f the "Insured" under aWorkers Compensation, UnemploymentCompensation or Disability Benefits Law,or under any similar law, regulation or o r -dinance.

C. Any obligation o f the "Insured" under theEmployee Retirement Income Security Acto f 1974 or any amendments to that act,or under any similar law, regulation or o r -dinance.

D. Any obligation o f the "Insured" under a NoFault, Uninsured Motorist or UnderinsuredMotorist law, or under any similar law,regulation or ordinance.

E. "Property damage" to "impaired property"or property that has not been physicallyinjured, arising out of:

1. a defect, deficiency, inadequacy ordangerous condition in "your product"or "your work"; or

2. a delay or failure by you or anyoneacting on your behalf to perform acontract or agreement in accordancewith its terms.

This exclusion does not apply to the losso f use o f other property arising out o fsudden and accidental physical injury to"your product" or "your work" after it hasbeen put to its intended use.

F. "Property damage" to "your product" ar is-ing out o f it or any part o f it.

GAI 6002 (Ed. 06/97) XS (Page 4 o f 15)

G. "Property damage" to "your work" arisingout o f it or any part o f it and included inthe "products-completed operations haz-ard."

This exclusion does not apply i f thedamaged work or the work out o f whichthe damage arises was performed on yourbehalf by a subcontractor.

H. Damages claimed f o r any loss, cost orexpense incurred by you or others f o r theloss o f use, withdrawal, recall, inspection,repair, replacement, adjustment, removalor disposal of:

1. "your product";

2. "your work"; or

3. "impaired property"

i f such product, work or property iswithdrawn or recalled f rom the market orf rom use by any person or organizationbecause o f a known or suspected defect,deficiency, inadequacy or dangerous c o n -dition in it.

I. "Property damage" to property owned bythe "Insured."

J. "Personal injury" or "advertising injury":

1. arising out o f oral, written, televised,videotaped, or electronic publicationo f material, i f done by or at the d i rec-tion o f the "Insured" with knowledgeo f its falsity;

2. arising out o f oral, written, televised,videotaped, or electronic publicationo f material whose f i rst publicationtook place before the beginning o f thepolicy period;

3. arising out o f the willful violation o f apenal statute or ordinance committedby or with consent o f the "Insured"; or

4. f o r which the "Insured" has assumedliability in a contract or agreement. Thisexclusion does not apply to liability f o rdamages that the "Insured" would havein the absence o f the contract oragreement.

K. "Advertising injury" arising out of:

1. breach o f contract, other than misap-propriation o f advertising ideas underan implied contract;

2. the failure o f goods, products or s e r -vices to conform with advertisedquality or performance;

3. the wrong description o f the price o fgoods, products or services; or

4. an offense committed by an "Insured"whose business is advertising, broad-casting, publishing or telecasting.

L. Any liability, including but not limited tosettlements, judgments, costs, charges,expenses, costs o f investigations, or thefees o f attorneys, experts, or consultants,arising out o f or in any way related to:

1. The actual, alleged or threatened pres -ence, discharge, dispersal, seepage,migration, release, or escape o f "po l -lutants," however caused.

2. Any request, demand or order that any"Insured" or others test for , monitor,clean-up, remove, contain, treat, d e -toxify, neutralize or in any way r e -spond to or assess the ef fects o f"pollutants." This includes demands,directives, complaints, "suits," ordersor requests brought by any govern-mental entity or by any person orgroup o f persons.

3. Steps taken or amounts incurred by agovernmental unit or any other personor organization to test for , monitor,clean-up, remove, contain, treat, d e -tox i fy or neutralize or assess the e f -fects o f "pollutants."

This exclusion will apply to any liability,costs, charges, or expenses, or any judg-ments or settlements, arising directly orindirectly out o f pollution whether or notthe pollution was sudden, accidental, grad-ual, intended, expected, unexpected, p r e -ventable or not preventable.

As used in this exclusion "pollutants"means any solid, liquid, gaseous, or ther -mal irritant or contaminant, including, butnot limited to smoke, vapor, soot, fumes,acids, alkalis, chemicals and waste material.

GAI 6002 (Ed. 06/97) XS (Page 5 o f 15)

Waste material includes materials whichare intended to be or have been recycled,reconditioned or reclaimed.

M. "Bodily injury" or "property damage" dueto war, whether or not declared, or anyact or condition incident to war. War in -cludes civil war, insurrection, rebellion orrevolution. This exclusion applies only toliability assumed under a contract oragreement.

N. Any liability, including, but not limited tosettlements, judgments, costs, charges,expenses, costs o f investigations, or thefees o f attorneys, experts, or consultantsarising out o f or related in any way, eitherdirectly or indirectly, to:

1. asbestos, asbestos products, asbes-tos-containing materials or products,asbestos fibers or asbestos dust, i n -cluding, but not limited to, manufac-ture, mining, use, sale, installation, r e -moval, or distribution activities;

2. exposure to testing for , monitoring of ,cleaning up, removing, containing ortreating o f asbestos, asbestos p r o -ducts, asbestos-containing materialsor products, asbestos fibers or as-bestos dust; or

3. any obligation to investigate, settle ordefend, or indemnify any personagainst any "claim" or "suit" arising outof , or related in any way, either d i -rectly or indirectly, to asbestos, as -bestos products, asbestos-containingmaterials or products, asbestos fibersor asbestos dust.

O. "Bodily injury," "property damage," "per -sonal injury" or "advertising injury" arisingout o f any:

1. refusal to employ or promote;

2. termination o f employment;

3. coercion, demotion, evaluation, reas-signment, discipline, defamation, ha-rassment, molestation, humiliation, d is -crimination or other employment r e -lated practices, policies, acts or omis-sions; or

4. consequential "bodily injury," "propertydamage," "personal injury" or "adver-tising injury" as a result o f O.1. throughO.3.

This exclusion applies whether the "In-sured" may be held liable as an employeror in any other capacity and to any obliga-tion to share damages with or to repaysomeone else who must pay damages b e -cause o f "bodily injury," "property dam-age," "personal injury" or "advertising in -jury."

P. "Bodily injury," "property damage," "per -sonal injury" or "advertising injury" e x -cluded by the Nuclear Energy LiabilityExclusion attached to this Policy.

Q. The fol lowing Items 1. through 4., exceptto the extent that such insurance is p r o -vided by a policy listed in the Schedule o fUnderlying Insurance, and f o r no broadercoverage than is provided by such policy:

1. Liability o f any employee with respectto "bodily injury," "property damage,""personal injury" or "advertising injury"to you or to another employee o f thesame employer injured in the courseo f such employment.

2. "Bodily injury" or "property damage"arising out o f the ownership, main-tenance, operation, use, "loading" or"unloading" o f any watercraft, i f suchwatercraft is owned, or charteredwithout crew, by or on behalf o f any"Insured." This exclusion will not applyto watercraft while ashore on anypremises owned by, rented to, orcontrolled by you.

3. "Bodily injury" or "property damage"arising out o f the ownership, main-tenance, operation, use, "loading" or"unloading" o f any aircraft, i f such a i r -craft is owned, or hired without pilotor crew, by or on behalf o f any "In-sured."

4. "Bodily injury" to:

a. an employee o f any "Insured"arising out o f and in the courseof:

GAI 6002 (Ed. 06/97) XS (Page 6 o f 15)

i. employment by any "Insured";or

ii. performing duties related tothe conduct o f any "In-sured's" business; or

b. the spouse, child, parent, brotheror sister o f that employee as aconsequence o f Paragraph 4.a.

This exclusion applies:

a. whether any "Insured" may be l ia-ble as an employer or in any othercapacity; and

b. to any obligation to share dam-ages with or repay someone elsewho must pay damages becauseo f the injury.

V. DEFINITIONS

A. "Advertising injury" means injury arisingsolely out o f advertising activities o f any"Insured" as a result o f one or more o f thefol lowing offenses during the policy p e -riod:

1. oral, written, televised, videotaped, orelectronic publication o f material thatslanders or libels a person or organi-zation or disparages a person's or o r -ganization's goods, products or s e r -vices;

2. oral, written, televised, videotaped, orelectronic publication o f material thatviolates a person's right o f privacy;

3. misappropriation o f advertising ideasor style o f doing business;

4. infringement o f copyright, title or s l o -gan; or

5. mental injury, mental anguish, humili-ation, or shock, i f directly resultingf rom Items A.1. through A.4.

B. "Auto" means a land motor vehicle, traileror semitrailer designed f o r travel on publicroads, including any attached machinery orequipment. "Auto" does not include "mobileequipment."

C. "Bodily injury" means physical injury, s ick -ness, or disease, including death o f a p e r -son. "Bodily injury" also means mental i n -jury, mental anguish, humiliation, or shocki f directly resulting f rom physical injury,sickness, or disease to that person.

D. "Claim" means any demand f o r monetarydamages upon an "Insured" resulting f roma covered "occurrence."

E. "Impaired property" means tangible p r o p -erty, other than "your product" or "yourwork," that cannot be used or is less use-ful because:

1. it incorporates "your product" or "yourwork" that is known or thought to bedefective, deficient, inadequate ordangerous; or

2. you have failed to fulfi l l the terms o f acontract or agreement;

i f such property can be restored to useby:

1. the repair, replacement, adjustment orremoval o f "your product" or "yourwork"; or

2. your fulfilling the terms o f the c o n -tract or agreement.

F. "Insured" means each o f the following, tothe extent set forth:

1. The Named Insured meaning:

a. Any person or organization listedin Item 1. o f the Declarations, andany Company o f which you ownmore than 50%, as o f the e f f e c -tive date o f this policy.

b. Any organization you newly a c -quire or form, other than a par t -nership, joint venture or limitedliability company, and over whichyou maintain ownership or ma jo r -ity interest, will qualify to be aNamed Insured. However:

(1) coverage under this p rov i -sion is afforded only untilthe 90th day after you a c -

GAI 6002 (Ed. 06/97) XS (Page 7 o f 15)

quire or fo rm the organiza-tion or the end o f the policyperiod, whichever is earlier;

(2) coverage does not apply to"bodily injury," "propertydamage," "personal injury" or"advertising injury" that o c -curred before you acquiredor formed the organization;and

(3) coverage applies only i f theorganization is included un-der the coverage providedby the policies listed in theSchedule o f Underlying In-surance and then f o r nobroader coverage than isprovided under such under-lying policies.

2. I f you are an individual, you and yourspouse, but only with respect to theconduct o f a business o f which youare the sole owner as o f the effect ivedate o f this policy.

3. I f you are a partnership or joint ven-ture, the partners or members andtheir spouses but only as respects theconduct o f your business.

4. I f you are a limited liability company,the members or managers but only asrespects the conduct o f your business.

5. Any person or organization, other thanthe Named Insured, included as an ad-ditional "Insured" by virtue o f an " in-sured contract," and to which cove r -age is provided by the "underlying in -surance," and f o r no broader coveragethan is provided by the "underlying in -surance" to such additional "Insured."

6. Any o f your partners, executive o f -ficers, directors, or employees butonly while acting within the scope o ftheir duties.

However, the coverage granted by thisProvision 6. does not apply to theownership, maintenance, use, "loading"or "unloading" o f any "autos," aircraftor watercraft unless such coverage isincluded under the policies listed in the

Schedule o f Underlying Insurance andf o r no broader coverage than is p r o -vided under such underlying policies.

Employees include "leased workers"but not "temporary workers." "Leasedworkers" are leased to you by a laborleasing f i rm under an agreement b e -tween you and the labor leasing f i rmto perform related duties to the c o n -duct o f your business. "Leased w o r k -ers" are not "temporary workers.""Temporary workers" are persons f u r -nished to you to substitute f o r perma-nent employees on leave or to meetseasonal or short - term workload c o n -ditions.

7. Any person, other than one o f youremployees, or organization while ac t -ing as your real estate manager.

8. Any person (other than your partners,executive off icers, directors, s tock -holders or employees) or organizationswith respect to any "auto" owned byyou, loaned to you or hired by you oron your behalf and used with yourpermission.

However, the coverage granted by thisProvision 8. does not apply to anyperson using an "auto" while workingin a business that sells, services, r e -pairs or parks "autos" unless you are inthat business.

9. No person or organization is an "In-sured" with respect to the conduct o fany current or past partnership or jointventure that is not shown as a NamedInsured in the Declarations.

G. "Insured contract" means any oral or w r i t -ten contract or agreement entered into byyou and pertaining to your business underwhich you assume the "tort liability" o fanother party to pay f o r "bodily injury" or"property damage" to a third person ororganization, provided that the "bodily i n -jury" or "property damage" occurs subse-quent to the execution o f the contract oragreement. "Tort liability" means a civil l i -ability that would be imposed by law in theabsence o f any contract or agreement.

GAI 6002 (Ed. 06/97) XS (Page 8 o f 15)

H. "Loading" or "unloading" means the han-dling o f property:

1. after it is removed f rom the placewhere it is accepted f o r movementinto or onto an aircraft, watercraft or"auto";

2. while it is in or on an aircraft, wa te r -craft or "auto";

3. while it is being moved f rom an ai r -craft, watercraft or "auto" to the placewhere it is finally delivered.

However, "loading" or "unloading" does notinclude the movement o f property bymeans o f a mechanical device, other than ahand truck, that is not attached to the a i r -craft, watercraft or "auto."

I. "Mobile equipment" means any o f the f o l -lowing types o f land vehicles, includingany attached machinery or equipment:

1. bulldozers, farm machinery, fork l i f tsand other vehicles designed f o r useprincipally o f f public roads;

2. vehicles maintained f o r use solely onor next to premises you own or rent;

3. vehicles that travel on crawler treads;

4. vehicles, whether self-propel led ornot, maintained primarily to providemobility to permanently mounted:

a. power cranes, shovels, loaders,diggers or drills; or

b. road construction or resurfacingequipment such as graders,scrapers or rollers;

5. vehicles not described in 1., 2., 3., or4. above that are not self-propel ledand are maintained primarily to providemobility to permanently attachedequipment o f the fol lowing types:

a. air compressors, pumps and gen-erators, including spraying, we ld -ing, building cleaning, geophysicalexploration, lighting and well s e r -vicing equipment or

b. cherry pickers and similar devicesused to raise or lower workers;

6. vehicles not described in 1., 2., 3., or4. above maintained primarily f o r p u r -poses other than the transportation o fpersons or cargo.

However, self-propel led vehicles withthe fol lowing types o f permanently a t -tached equipment are not "mobileequipment" but will be considered"autos":

a. equipment designed primarily for:

(1) snow removal;

(2) road maintenance, but notconstruction or resurfacing;or

(3) street cleaning;

b. cherry pickers and similar devicesmounted on auto or truck chassisand used to raise or lower w o r k -ers; and

c. air compressors, pumps and gen-erators, including spraying, we ld -ing, building cleaning, geophysicalexploration, lighting and well s e r -vicing equipment.

J. "Occurrence" means:

1. as respects "bodily injury" or "propertydamage," an accident, including c o n -tinuous or repeated exposure to sub-stantially the same general harmfulconditions;

2. as respects "personal injury," an o f -fense arising out o f the business o fany "Insured" that results in "personalinjury." All damages that arise f rom thesame or related injurious material oracts will be considered as arising outo f one "occurrence," regardless o f thefrequency or repetition thereof, thenumber and kind o f media used andthe number o f claimants;

3. as respects "advertising injury," an o f -fense committed in the course o f ad -vertising your goods, products andservices that results in "advertising in -

GAI 6002 (Ed. 06/97) XS (Page 9 o f 15)

jury." All damages that arise f rom thesame or related injurious material oracts will be considered as arising outo f one "occurrence," regardless o f thefrequency or repetition thereof, thenumber and kind o f media used andthe number o f claimants.

K. "Personal injury" means injury other than"bodily injury" or "advertising injury" ar is-ing out o f one or more o f the fol lowingoffenses during the policy period:

1. false arrest, detention or imprison-ment;

2. malicious prosecution;

3. the wrongful eviction from, wrongfulentry into, or invasion o f the right o fprivate occupancy o f a room, dwellingor premises that a person occupies byor on behalf o f its owner, landlord orlessor;

4. oral, written, televised, videotaped, orelectronic publication o f material thatslanders or libels a person or organi-zation or disparages a person's or o r -ganization's goods, products or s e r -vices;

5. oral, written, televised, videotaped, orelectronic publication o f material thatviolates a person's right o f privacy; or

6. mental injury, mental anguish, humili-ation, or shock, i f directly resultingf rom Items K.1. through 5.

L. 1. "Products-completed operations haz-ard" means all "bodily injury" and"property damage" f rom an "occur -rence" taking place away f rom prem-ises you own or rent and arising outo f "your product" or "your work" e x -cept:

a. products that are still in yourphysical possession; or

b. work that has not yet been c o m -pleted or abandoned.

2. "Your work" will be deemed completedat the earliest o f the fol lowing times:

a. When all o f the work called f o r inyour contract has been complet -ed.

b. When all o f the work to be doneat the site has been completed i fyour contract calls f o r work atmore than one site.

c. When that part o f the work doneat a job site has been put to itsintended use by any person ororganization other than anothercontractor or subcontractorworking on the same project.

Work that may need service, main-tenance, correction, repair or replace-ment, but which is otherwise c o m -plete, will be treated as completed.

3. This "products-completed operationshazard" does not include "bodily injury"or "property damage" arising out of:

a. the transportation o f property,unless the injury or damage arisesout o f a condition in or on a v e -hicle created by the "loading" or"unloading" o f it;

b. the existence o f tools, uninstalledequipment or abandoned or un -used materials.

M. "Property damage" means:

1. physical injury to tangible property, i n -cluding all resulting loss o f use o f thatproperty. All such loss o f use will bedeemed to occur at the time o f thephysical injury that caused it; or

2. loss o f use o f tangible property that isnot physically injured. All such loss willbe deemed to occur at the time o f the"occurrence" that caused it.

N. "Suit" means a civil proceeding whichseeks monetary damages because o f"bodily injury," "property damage," "per -sonal injury," or "advertising injury" towhich this insurance applies. "Suit" i n -cludes:

GAI 6002 (Ed. 06/97) XS (Page 10 o f 15)

1. an arbitration proceeding in which suchdamages are claimed and to which youmust submit or do submit with ourconsent; or

2. any other alternative dispute resolutionproceeding in which such damages areclaimed and to which you submit withour consent.

O. "Underlying insurance" means the insurancecoverage provided under policies shownin the Schedule o f Underlying Insurance,or any additional policies agreed to by usin writing. It includes any policies issued toreplace those policies during the term o fthis insurance that provide:

1. at least the same policy limits; and

2. insurance f o r the same hazards, e x -cept as to any modifications which areagreed to by us in writing.

P. "Your product" means:

1. Any goods or products, other than realproperty, manufactured, sold, handled,distributed or disposed o f by:

a. you;

b. others trading under your name;or

c. a person or organization whosebusiness or assets you have a c -quired; and

2. Containers (other than vehicles) mate-rials, parts or equipment furnished inconnection with such goods or p r o -ducts.

"Your product" includes:

1. warranties or representations made atany time with respect to the fitness,quality, durability, performance or useo f "your product"; and

2. the providing o f or failure to providewarnings or instructions.

"Your product" does not include vendingmachines or other property rented to orlocated f o r the use o f others but not sold.

Q. "Your work" means:

1. work or operations performed by youor on your behalf; and

2. materials, parts or equipment furnishedin connection with such work or o p -erations.

"Your work" includes:

1. warranties or representations made atany time with respect to the fitness,quality, durability, performance or useo f "your work"; and

2. the providing o f or failure to providewarnings or instructions.

VI. Conditions

A. Appeals

I f the "Insured" or an "Insured's" underlyinginsurers do not appeal a judgment in e x -cess o f the "retained limit," we have theright to make such an appeal. I f we electto appeal, our liability on such an award orjudgment will not exceed our Limits o fInsurance as stated in Item 4. o f the Dec -larations plus the cost and expense o fsuch appeal.

B. Audit

We may audit and examine your books andrecords as they relate to this policy at anytime during the period o f this policy andf o r up to three years after the expirationor termination o f this policy.

C. Bankruptcy or Insolvency

The bankruptcy, insolvency or inability topay o f any "Insured" or the bankruptcy,insolvency or inability to pay o f any o f theUnderlying Insurers will not relieve usf rom the payment o f any "claim" or "suit"covered by this policy. Under no ci rcum-stances will such bankruptcy, insolvencyor inability to pay require us to drop downand replace the "retained limit" or assumeany obligation with the "retained limit."

GAI 6002 (Ed. 06/97) XS (Page 11 o f 15)

D. Cancellation

1. You may cancel this policy. You mustmail or deliver advance written noticeto us stating when the cancellation isto take effect.

2. We may cancel this policy. I f we can-cel because o f nonpayment o f p r e -mium, we must mail or deliver to younot less than ten (10) days advancewritten notice stating when the can-cellation is to take effect. I f we cancelf o r any other reason, we must mail ordeliver to you not less than thirty (30)days advance written notice statingwhen the cancellation is to take effect.Mailing that notice to you at your mail-ing address shown in Item 1. o f theDeclarations will be sufficient to provenotice.

3. The policy period will end on the dayand hour stated in the cancellation n o -tice.

4. I f we cancel, final premium will be cal -culated pro rata based on the time thispolicy was in force. Final premium willnot be less than the Minimum Premiumas shown in Item 3. o f the Declara-tions.

5. I f you cancel, final premium will bemore than pro rata; it will be based onthe time this policy was in force andincreased by our short rate cancella-tion table and procedure. Final premiumwill not be less than the Minimum Pre-mium as shown in Item 3. o f the Dec -larations.

6. Premium adjustment may be made atthe time o f cancellation or as soon aspracticable thereafter but the cancella-tion will be effect ive even i f we havenot made or of fered any refund dueyou. Our check or our representative'scheck, mailed or delivered, will besufficient tender o f any refund dueyou.

7. The f i rst Named Insured in Item 1. o fthe Declarations will act on behalf o fall other "Insured's" with respect to thegiving and receiving o f notice o f can-

cellation and the receipt o f any refundthat may become payable under thispolicy.

8. Any o f these provisions that confl ictwith a law that controls the cancella-tion o f the insurance in this policy ischanged by this statement to complywith the law.

E. Changes

Notice to any agent or knowledge p o s -sessed by any agent or any other personwill not e f fec t a waiver or a change in anypart o f this policy. This policy can only bechanged by a written endorsement thatbecomes a part o f this policy and that issigned by one o f our authorized repre -sentatives.

F. Duties in The Event of An Occurrence,Claim Or Suit

1. You must see to it that we are notifiedas soon as practicable o f an "occur -rence" which may result in a "claim" or"suit" under this policy. To the extentpossible, notice will include:

a. how, when and where the " o c -currence" took place;

b. the names and addresses o f anyinjured person and witnesses;

c. the nature and location o f any in -jury or damage arising out o f the"occurrence."

2. I f a "claim" or "suit" against any "In-sured" is reasonably likely to involvethis policy you must noti fy us in w r i t -ing as soon as practicable.

3. You and any other involved "Insured"must:

a. immediately send us copies o fany demands, notices, summonsesor legal papers received in c o n -nection with the "claim" or "suit";

b. authorize us to obtain recordsand other information;

GAI 6002 (Ed. 06/97) XS (Page 12 o f 15)

c. cooperate with us in the inves-tigation, settlement or defense o fthe "claim" or "suit"; and

d. assist us, upon our request, in theenforcement o f any right againstany person or organization whichmay be liable to the "Insured" b e -cause o f injury or damage towhich this insurance may also ap -ply.

4. The "Insured's" will not, except at theirown cost, voluntarily make a payment,assume any obligation, or incur anyexpense, other than f o r f i rst aid, w i t h -out our consent.

G. Inspection

We have the right, but are not obligated,to inspect the premises and operations o fany "Insured" at any time. Our inspectionsare not safety inspections. They relateonly to the insurability o f the premises andoperations o f any "Insured" and the premi-ums to be charged. We may give you r e -ports on the conditions we find. We mayalso recommend changes. While they mayhelp reduce losses, we do not undertaketo perform the duty o f any person ororganization to provide f o r the health orsafety o f any employees or the public. Wedo not warrant that the premises or o p e r -ations o f any "Insured" are safe or health-ful or that they comply with laws, regula-tions, codes or standards.

H. Legal Actions Against Us

There will be no right o f action against usunder this insurance unless:

1. you have complied with all the termso f this policy; and

2. the amount you owe has been deter -mined by settlement with our consentor by actual trial and final judgment;

This insurance does not give anyone theright to add us as a party in an actionagainst you to determine your liability.

I. Maintenance of Underlying Insurance

During the period o f this policy, youagree:

1. to keep the policies listed in theSchedule o f Underlying Insurance infull fo rce and effect ;

2. that any renewals or replacements o fthe policies listed in the Schedule o fUnderlying Insurance will not be morerestrictive in coverage;

3. that the Limits o f Insurance o f thepolicies listed in the Schedule o f Un-derlying Insurance will be maintainedexcept f o r any reduction or exhaus-tion o f aggregate limits by payment o f"claims" or "suits" f o r "occurrences"covered by "underlying insurance"; and

4. that the terms, conditions and en -dorsements o f the policies listed in theSchedule o f Underlying Insurance willnot change during the period o f thispolicy such as to increase the c o v -erage afforded under this policy.

I f you fail to comply with these require-ments, we will only be liable to the sameextent that we would have been had youfully complied with these requirements.

J. Other Insurance

I f other insurance applies to a loss that isalso covered by this policy, this policy willapply excess o f the other insurance.Nothing herein will be construed to makethis policy subject to the terms, conditionsand limitations o f such other insurance.However, this provision will not apply i fthe other insurance is specifically writtento be excess o f this policy.

K. Premium

The f i rst Named Insured designated in Item1. o f the Declarations will be responsiblef o r payment o f all premiums when due.

GAI 6002 (Ed. 06/97) XS (Page 13 o f 15)

The premium f o r this policy will be c o m -puted on the basis set for th in Item 3. o fthe Declarations. At the beginning o f thepolicy period, you must pay us the A d -vance Premium shown in Item 3. o f theDeclarations.

When this policy expires or i f it is can-celed, we will compute the earned p r e -mium f o r the time this policy was in force.I f this policy is subject to audit adjust-ment, the actual exposure basis will beused to compute the earned premium. Ifthe earned premium is greater than theAdvance Premium, you will promptly payus the difference. I f the earned premium isless than the Advance Premium, we willreturn the difference to you. But in anyevent we will retain the Minimum Premiumas shown in Item 3. o f the Declarationsf o r each twelve months o f our policy p e -riod.

L. Separation of Insureds

Except with respect to our Limits o f In-surance and any rights or duties spec i f i -cally assigned to the f i rst Named Insureddesignated in Item 1. o f the Declarations,this insurance applies:

1. as i f each Named Insured were theonly Named Insured; and

2. separately to each "Insured" againstwhom "claim" is made or "suit" brought.

M. Transfer of Rights of Recovery AgainstOthers to Us

I f any "Insured" has rights to recover all orpart o f any payment we have made underthis policy, those rights are transferred tous. The "Insured" must do nothing afterloss to impair those rights and must helpus enforce them.

Any recoveries will be applied as follows:

1. any interests, including the "Insured,"that have paid an amount in excess o four payment under this policy will bereimbursed first;

2. we then will be reimbursed up to theamount we have paid; and

3. lastly, any interests, including the "In-sured," over which our insurance isexcess, are entitled to claim the res i -due.

Expenses incurred in the excercise o frights o f recovery will be apportioned b e -tween the interests, including the "Insured,"in the ratio o f their respective recoveriesas finally settled.

N. Terms Conformed to Statute

The terms o f this Policy which are in c o n -f l ict with the statutes o f the state wherethis Policy is issued are amended to c o n -fo rm to such statutes.

I f we are prevented by law or statutef rom paying on behalf o f an "Insured,"then we will, where permitted by law orstatute, indemnify the "Insured" f o r thosesums in excess o f the "retained limit."

O. Transfer of Your Rights And Duties

Your rights and duties under this policymay not be transferred without our w r i t -ten consent.

I f you die or are legally declared bankrupt,your rights and duties will be transferredto your legal representative but only whileacting within the scope o f duties as yourlegal representative. However, notice o fcancellation sent to the f i rst Named In-sured designated in Item 1. o f the Declara-tions and mailed to the address shown inthis policy will be sufficient notice to e f -fect cancellation o f this policy.

P. When Loss Is Payable

Coverage under this policy will not applyunless and until any "Insured" or an "In-sured's" underlying insurer is obligated topay the "retained limit."

When the amount o f loss has finally beendetermined, we will promptly pay on b e -half o f the "Insured" the amount o f lossfalling within the terms o f this policy.

You will promptly reimburse us f o r anyamount within the Self-Insured Retentionadvanced by us at our discretion on behalfo f any "Insured."

GAI 6002 (Ed. 06/97) XS (Page 14 o f 15)

NUCLEAR ENERGY LIABILITY EXCLUSION

This policy does not apply to:

1. Any liability, injury or damage:

a. with respect to which any "Insured" underthe policy is also an "Insured" under a nu-clear energy liability policy issued by Nu-clear Energy Liability Insurance Assoc i -ation, Mutual Atomic Energy Liability Un-derwriters, Nuclear Insurance Associationo f Canada or any o f their successors, orwould be an "Insured" under any suchpolicy but f o r its termination upon e x -haustion o f its Limits o f Insurance; or

b. resulting f rom the "hazardous properties"o f "nuclear material" and with respect towhich (a) a person or organization is r e -quired to maintain financial protectionpursuant to the Atomic Energy Act o f1954, or any law amendatory thereof, or(b) any "Insured" is, or had this policy notbeen issued would be, entitled to indem-nity f rom the United States o f America, orany agency thereof, under any agreemententered into by the United States o fAmerica, or any agency thereof, with anyperson or organization.

2. Any injury or "nuclear property damage" r e -sulting f rom the "hazardous properties" o f"nuclear material," if:

a. the "nuclear material" (a) is at any "nuclearfacility" owned by, or operated by or onbehalf of , any "Insured" or (b) has beendischarged or dispersed therefrom;

b. the "nuclear material" is contained in "spentfuel" or "nuclear waste" at any time p o s -sessed, handled, used, processed, stored,transported or disposed o f by or on b e -half o f any "Insured"; or

c. the injury or "nuclear property damage"arises out o f the furnishing by any "In-sured" o f services, materials, parts orequipment in connection with the planning,construction, maintenance, operation oruse o f any "nuclear facility," but i f suchfacility is located within the United States

o f America, its territories or possessionsor Canada, this Exclusion 2.c. applies onlyto "nuclear property damage" to such "nu-clear facility" and any property therein.

3. As used in this exclusion:

a. "Hazardous properties" includes radioac-tive, toxic or explosive properties.

b. "Nuclear facility" means:

i. any "nuclear reactor";

ii. any equipment or device designed orused f o r

(1) separating the isotopes o f ura-nium or plutonium,

(2) processing or utilizing "spent fuel"or

(3) handling, processing or packaging"nuclear waste";

iii. any equipment or device used f o r theprocessing, fabricating or alloying o f"special nuclear material" i f at any timethe total amount o f such material in thecustody o f any "Insured" at the p rem-ises where such equipment or deviceis located consists o f or containsmore than 25 grams o f plutonium oruranium 233 or any combinationthereof, or more than 250 grams o furanium 235;

iv. any structure, basin, excavation, p rem-ises or place prepared or used f o r thestorage or disposal of , "nuclearwaste," and includes the site on whichany o f the foregoing is located, all o p -erations considered on such site andall premises used f o r such operations.

c. "Nuclear material" means "source material,""special nuclear material" or by-productmaterial.

GAI 6002 (Ed. 06/97) XS (Page 15 o f 15)

d. "Nuclear property damage" includes allforms o f radioactive contamination o fproperty.

e. "Nuclear reactor" means any apparatus d e -signed or used to sustain nuclear fission ina self-support ing chain reaction or tocontain a critical mass o f fissionable ma-terial.

f. "Nuclear waste" means any nuclear wastematerial (a) containing "by-product mate-rial" other than the tailings o f nuclearwaste produced by the extraction or c o n -centration o f uranium or thorium f rom anyore processed primarily f o r its "sourcematerial" content, and (b) resulting f romthe operation by any person or organiza-

tion o f any "nuclear facility" included w i t h -in the definition o f "nuclear facility" underParagraph 3.b.i. or 3.b.ii.

g. "Source material," "special nuclear mate-rial," and "by-product material" have themeanings given them in the Atomic EnergyAct o f 1954 or in any law amendatorythereof.

h. "Spent fuel" means any fuel element orfuel component, solid or liquid, which hasbeen used or exposed to radiation in a"nuclear reactor."

This endorsement does not change any otherprovision o f the policy.

In Witness Whereof, we have caused this policy to be executed and attested, but this policy will not bevalid unless countersigned by one o f our duly authorized representatives, where required by law.

Secretary President


F 8972D (3/2011)

Includes copyrighted material o f Insurance Services Office, with its permission.Copyright, Insurance Services Office, Inc., 1999

GAI 6434 (Ed. 07/99) XS

ABCD

GAI 6434(Ed. 07 99)


AMENDMENT OF INSURING AGREEMENT -KNOWN INJURY OR DAMAGE

Section I - COVERAGE is deleted and replaced bythe following:

1. COVERAGE

a. We will pay on behalf o f the "Insured"those sums in excess o f the "RetainedLimit" that the "Insured" becomes legallyobligated to pay by reason o f liability i m -posed by law or assumed by the "Insured"under an "insured contract" because o f"bodily injury," "property damage," "per -sonal injury," or "advertising injury" thattakes place during the Policy Period and iscaused by an "occurrence" happening any-where. The amount we will pay f o r dam-ages is limited as described below in theInsuring Agreement Section II. LIMITSOF INSURANCE.

b. This insurance applies to "bodily injury"and "property damage" only if:

(1) Prior to the policy period, no "Insured"knew that the "bodily injury" or "p rop -erty damage" had occurred, in wholeor in part. I f any "Insured" knew, priorto the policy period, that the "bodilyinjury" or "property damage" occurred,then any continuation, change or r e -sumption o f such "bodily injury" or

"property damage" during or after thepolicy period will be deemed to havebeen known prior to the policy period.

c. "Bodily injury" or "property damage" whichoccurs during the Policy Period and wasnot, prior to the Policy Period, known tohave occurred by any "Insured," includesany continuation, change or resumption o fthat "bodily injury" or "property damage"after the end o f the policy period.

d. "Bodily injury" or "property damage" willbe deemed to have been known to haveoccurred at the earliest time when any"Insured":

(1) reports all, or any part, o f the "bodilyinjury" or "property damage" to us orany other insurer;

(2) receives a written or verbal demand orclaim f o r damages because o f the"bodily injury" or "property damage";or

(3) becomes aware by any other meansthat "bodily injury" or "property dam-age" has occurred or has begun tooccur.


F 8972D (3/2011)

ABCD

GAI 6312(Ed. 06 97)


UNINTENTIONAL ERRORS OR OMISSIONS

SECTION I. - COVERAGE is amended to include the following:

Failure o f the "Insured" to disclose all hazards existing as o f the inception date o f this policy will notprejudice the insurance with respect to the coverage afforded by this policy, provided such failure oromission is not intentional on the part o f the "Insured."

This endorsement does not change any other provision o f the policy.

GAI 6312 (Ed. 06/97) XS

GAI 71 15 (Ed. 07 11)


RISK PURCHASING GROUP ENDORSEMENT

This endorsement modifies insurance provided under the following:


The following is added to Section II. LIMITS OF INSURANCE:

Limits For Certificate of Coverage

The Limits of Insurance of this policy apply individually to each certificate of coverage issued to members of The Distinguished Properties Umbrella Managers, Inc. Purchasing Group. Limits of Insurance shown on each certificate of coverage are the limits for that individual member only.

Section IV. EXCLUSIONS – Q. is deleted and replaced with the following:

Q. The following items 1. through 4., except to the extent that such insurance is provided by a policy listed in the Schedule of Underlying Insurance, and for no broader coverage than is provided by such policy:

1. Liability of any employee with respect to “bodily injury,” “property damage,” “personal injury” or “advertising injury”to you or to another employee of the same employer injured in the course of such employment.

2. Any liability arising out of the ownership, maintenance, operation, use, "loading" or "unloading" of any watercraft.

This exclusion shall not apply to:

a. watercraft while ashore on premises owned by, rented to, or controlled by you; or

b. watercraft you do not own that is;

i. less than 26 feet long; and

ii. not being used to carry persons of property for a charge.

3. “Bodily injury” to:

a. an employee of any “Insured” arising out of and in the course of:

i. employment by any “Insured”; or

ii. performing duties related to the conduct of any “Insured’s” business; or

b. the spouse, child, parent, brother or sister of that employee as a consequence of Paragraph 3.a.

This exclusion applies:

a. whether any “Insured” may be liable as an employer or in any other capacity; and

b. to any obligation to share damages with or repay someone else who must pay damages because of theinjury.

4. Any liability of any "Insured" by reason of:

a. causing or contributing to the intoxication of any person; or

GAI 71 15 (Ed. 07/11) Page 1 of 3

Administrative Offices 301 E. 4

th St.

Cincinnati, Ohio 45202 Tel: 1-513-369-5000

b. the furnishing of alcoholic beverages to a person under the legal drinking age or under the influence of alcohol, or;

c. any statute, ordinance or regulation relating to the sale, gift, distribution or use of alcoholic beverages;

This exclusion applies only if you are in the business of manufacturing, distributing, selling, serving or furnishing alcoholic beverages.

The following are added to Section IV. EXCLUSIONS:

Aircraft Liability

Any liability for or arising out of the ownership, maintenance, operation, use, “loading,” or “unloading” of any aircraft. Bodily Injury or Property Damage Follow Form Except to the extent that such insurance is provided by a policy listed in the Schedule of Underlying Insurance, and for no broader coverage than is provided by such policy, any “bodily injury” or “property damage”. Real Property Construction or Development Any liability or loss, cost or expense arising out of:

1. the development, construction, or demolition of real property; or

2. the “structural alteration” or addition of real property

This exclusion applies to work performed solely by the insured on the insured’s property. As used in this endorsement, “structural alteration” means work or operations affecting the structural integrity of real property, but is not repairs, maintenance, or renovations that do not affect the structural integrity of real property. Earthquake or Flood Coverage Omission Any failure or omission on the part of the “Insured” or its agent(s) to obtain, effect, maintain or adhere to any policies

of insurance which provide coverage for damage due to earthquake or flood perils. Builder, Developer or Sponsor Wrongful Act Any “wrongful act” which is directly or indirectly related in whole or in part to actual or alleged “wrongful act” on the

part of a builder, developer or sponsor or anyone affiliated with a builder, developer or sponsor. This exclusion shall not apply to claims while such an “Insured” is a member on the “Insured’s” board of directors and in the capacity as such.

As used in this endorsement, “wrongful act” means any actual or alleged error, misstatement, misleading statement,

act, or omission, neglect or breach of duty. Swimming Pools Any “bodily injury,” “personal injury,” “advertising injury” or medical payments arising out of the ownership,

maintenance, operation or use of a swimming pool unless 1) if outdoors, the swimming pool is fenced with a self-closing or self-latching gate; or 2) if indoors or on a roof-top, restricted access is through a self-closing and self-locking door; 3) if the swimming pool’s design or operation complies with the Virginia Graeme Baker Act. With respect 1, 2 & 3 the swimming pool must meet or exceed all federal, state or local governing codes and regulations.

Care, Custody, or Control Exclusion – Real and Personal Property with Garagekeepers Legal Liability Follow Form

Except to the extent that such insurance is provided by a Garagekeepers Legal Liability Policy listed in the Schedule

of Underlying Insurance, and for no broader coverage than is provided by such policy, any "property damage" to real or personal property in the care, custody or control of any "Insured," or loaned to any "Insured," or used, rented, or occupied by any "Insured," or as to which any "Insured" is for any purpose exercising physical control.

GAI 71 15 (Ed. 07/11) Page 2 of 3

Discrimination Follow Form Except to the extent that such insurance is provided by a policy listed in the Schedule of Underlying Insurance, and for

no broader coverage than is provided by such policy, any “bodily injury,” “property damage,” “personal injury” or “advertising injury” arising out of any “claim” or “suit” based upon or alleging “discrimination” against any non-employee unless insurance for “discrimination” is prohibited by law.. “Discrimination” includes discrimination on the basis of age, disability, ethnic origin, marital status, physical or mental hardship, race, religious affiliation, sex or sexual orientation.

If any coverage is afforded by this section such coverage will only apply to “discrimination” based on disparate impact or vicarious liability.

The following is added to Section VI. CONDITIONS – F. Duties In The Event of An Occurrence, Claim Or Suit: 5. If an “occurrence”, “claim” or “suit” does not reasonably appear likely to involve this insurance, the failure to report it to us will not violate this condition, provided the “Insured” gives us notice as soon as practicable once the “Insured” becomes aware that the “occurrence”, “claim” or “suit” is reasonably likely to involve this insurance. 6. Knowledge of any “occurrence,” “claim,” or “suit” by any agent, servant, or employee if the “Insured” does not in

itself constitute knowledge by the “Insured” unless notice of such “occurrence,” “claim,” or “suit” has been received by an executive officer, manager, risk manager, authorized employee, or partner of a Named Insured.

The following are added to Section VI. CONDITIONS: Policy Period

It is agreed that the policy period shown on the individual certificate of coverage is the period that insurance is in force for that individual certificate holder, regardless of the policy period of this policy: however, the expiration date on the individual certificate of coverage shall not be a later date than the expiration date of this policy.

Amendments Attached to Certificate of Coverage

It is agreed that if any exclusions, restrictions or amendments of coverage are shown on the certificate of coverage issued to an individual “Insured,” that exclusion, restriction or amendment shall be deemed part of this policy as respects that individual “Insured”.


GAI 71 15 (Ed. 07/11) Page 3 of 3

GAI 7235 03/12 Page 1 of 5


CRISIS RESPONSE COVERAGE ENDORSEMENT



SCHEDULE

Crisis Response Coverage Limit of Insurance

Crisis Response Aggregate Limit $ Per Individual Certificate of Coverage Subject to the terms and conditions set forth in this endorsement and the Limit of Insurance shown in the above Schedule, the following Crisis Response Coverage is added to the policy.

SECTION I – CRISIS RESPONSE COVERAGE

A. We will reimburse you or pay on your behalf reasonable and necessary “crisis response costs” you incur because of either:

1. “bodily injury” or “property damage” for which coverage is provided under the COMMERCIAL UMBRELLA COVERAGE FORM (including all its endorsements other than this endorsement), or

2. “imminent injury,”

arising out of a “crisis event” to which this insurance applies. The amount we will reimburse you or pay on your behalf for such “crisis response costs” is limited as described in SECTION II – CRISIS RESPONSE LIMITS OF INSURANCE.

B. This Crisis Response Coverage applies to a “crisis event” and its resulting “crisis response costs” only if:

1. The “bodily injury,” “property damage,” or “imminent injury” arising out of that “crisis event” takes place in the “coverage territory”; and

2. That “bodily injury,” “property damage,” or “imminent injury” begins to occur during the Policy Period; and

3. The “crisis response costs” because of that “bodily injury,” “property damage,” or “imminent injury” do not arise out of any fact, circumstance, condition, situation, “bodily injury,” “property damage,” or “imminent injury”:

a. that existed before the Policy Period; and

b. that you, before the beginning of the Policy Period, knew or reasonably should have known could lead to, cause, give rise to, or result in such “crisis response costs”; and

GAI 7235 03/12 Page 2 of 5

4. You incur the “crisis response costs” because of the “bodily injury,” “property damage,” or “imminent injury” within thirty (30) days after the beginning of the “crisis event.” The end of the Policy Period will not cut short this thirty (30) day period.

C. Our payment or reimbursement of “crisis response costs” under this Crisis Response Coverage is not, and shall not be construed as, an admission or acknowledgement of coverage for any “crisis event,” “bodily injury,” “property damage,” or “imminent injury” under any other part of this policy.

D. Under this Crisis Response Coverage, we neither have nor undertake any duty to defend, pay, or settle any “claim” or “suit” against any Insured.

SECTION II – CRISIS RESPONSE LIMITS OF INSURANCE

A. The Schedule above and the rules below establish the most we will reimburse or pay on your behalf for “crisis response costs,” regardless of the number of Insureds, “crisis events,” or “affected persons.”

B. The Crisis Response Aggregate Limit is the most we will pay (whether by reimbursing you or by paying on your behalf) for the sum of all “crisis response costs.”

1. The Crisis Response Aggregate Limit is separate and apart from, and not part of or subject to, any other limit of insurance stated in this policy.

2. Our payment of “crisis response costs” under the Crisis Response Aggregate Limit does not reduce any other limit of insurance under this policy.

3. Once exhausted, the Crisis Response Aggregate Limit can not be reinstated, renewed, extended, or increased.

SECTION III – EXCLUSIONS

This Crisis Response Coverage does not apply to:

A. Excluded Bodily Injury or Property Damage

“Crisis response costs” you incur because of:

1. “bodily injury” or “property damage” for which coverage would be excluded under

any exclusion in Section IV. EXCLUSIONS of the COMMERCIAL UMBRELLA COVERAGE FORM; or

2. “imminent injury” if the threatened “bodily injury” or “property damage” is of a kind for which coverage would be excluded under any exclusion in Section IV.

EXCLUSIONS of the COMMERCIAL UMBRELLA COVERAGE FORM.

B. Other Excluded Obligations

GAI 7235 03/12 Page 3 of 5

Any obligation, damages, liability, cost, or expense for which coverage would be excluded by exclusion B., C., D., H., L., or N. of Section IV. EXCLUSIONS of the COMMERCIAL UMBRELLA COVERAGE FORM, or by the Nuclear Energy Liability Exclusion.

C. Newly acquired or merged entities

“Crisis response costs” arising from the operations of another business or organization which you acquire or with which you merge, if those “crisis response costs” arise from a “crisis event” that began before you acquired or merged with that other business or organization.

D. Infectious Diseases or Illnesses

“Crisis response costs” arising out of any infectious disease or condition of ill health caused by any “biological agents”. However, this exclusion does not apply to “crisis response costs” you incur because of a food-borne illness or defective vaccine.

E. Economic or Trade Sanctions

Any “crisis response costs” as to which our payment or reimbursement would be a violation of any economic or trade sanction enacted or imposed by the United States of America, including, but not limited to, sanctions administered and enforced by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”).

SECTION IV – DEFINITIONS

The definitions of the COMMERCIAL UMBRELLA COVERAGE FORM apply to this endorsement. The following additional definitions also apply to this coverage part:

A. “Affected person” means:

1. an individual who suffers “bodily injury” or “property damage,” or directly experiences “imminent injury”; and

2. the immediate family members of a person described in 1., above.

B. “Biological agents” means:

1. bacteria, mildew, mold or other fungi, other microorganisms, mycotoxins, spores or other by-products of any of the foregoing;

2. viruses or other pathogens (whether or not a microorganism); or

3. colony or group of any of the foregoing.

C. “Coverage territory” means the United States of America, including its territories and possessions, Puerto Rico, and Canada.

D. “Crisis event” means an event you reasonably believe has resulted, or may result, in both:

GAI 7235 03/12 Page 4 of 5

1. Damages covered by this policy that are in excess of all applicable:

a. “underlying insurance”;

b. “retained limits”; and

c. other insurance; and

2. Significant adverse regional or national media coverage.

E. “Crisis management firm” means a public relations firm or crisis management firm, assigned or approved by us in writing, that is hired by you to perform or coordinate services of a type described in the definition of “crisis response costs” in connection with a “crisis event.”

F. “Crisis response costs” means only the following expenses incurred by the Insured in response to a “crisis event” to which this insurance applies, and which are reasonable, necessary, and directly attributable to that “crisis event”:

1. Expenses incurred by you to secure the scene of the “crisis event”;

2. Fees charged by a “crisis management firm” for its professional service or advice;

3. Funeral expenses for “affected persons”;

4. “Emergency psychology expenses”;

5. Temporary living expenses for “affected persons”;

6. “Emergency transport expenses”; and

7. Any other expenses approved by us.

"Crisis response costs" does not include any cost or expense to defend, pay, or settle any "claim" or "suit" against any Insured.

G. “Emergency transport expenses” means reasonable and necessary emergency transport expenses, occurring within 24-hours after a “crisis event,” to transport an “affected person” sustaining “bodily injury” in a “crisis event” to a medical treatment facility.

H. “Emergency psychology expenses” means reasonable and necessary expenses for psychology or counseling services provided to “affected persons,” if such services are:

1. rendered within the first fourteen (14) days after the beginning of a “crisis event”; and

2. approved by a “crisis management firm.”

However, “emergency psychology expenses” do not include any cost or expense of any medication, hospitalization, or in-patient treatment.

GAI 7235 03/12 Page 5 of 5

I. “Imminent injury” means an actual and immediate threat of “bodily injury” or “property damage.”

SECTION V – CONDITIONS

Conditions B., D., E., G., H., I., J., K., L., M., N., O., and P. of Section VI. Conditions of the COMMERCIAL UMBRELLA COVERAGE FORM apply to this Crisis Response Coverage. The following additional conditions also apply to this Crisis Response Coverage:

A. Duties in the Event of A “Crisis Event”:

1. You must see to it that we are notified of any “crisis event” within twenty-four (24) hours after it begins. If necessary, we will assist you in contacting an approved “crisis management firm,” unless we agree to accept a “crisis management firm” you have selected.

2. If you seek reimbursement from us of any “crisis response costs,” you must request such reimbursement in writing within ninety (90) days after you incur those “crisis response costs.” Each such request for reimbursement must include invoices and/or receipts proving and describing the “crisis response costs” with reasonable particularity.

B. Anti-Stacking Provision

If payment or reimbursement of any “crisis response costs” provided by this Crisis Response Coverage is also provided by any other insurance issued to you by us, or by any of our affiliated companies (whether or not such costs or loss are referred to using the same terms), then the maximum limit of insurance under all such insurance shall not exceed the highest applicable limit of insurance available under any one policy or endorsement. This condition does not apply to other insurance issued by us or any of our affiliated companies that is specifically intended to apply only in excess of the Crisis Response Aggregate Limit shown in this endorsement.


GAI 6611 (Ed. 04/98) PRO Page 1 of 3

GAI 6611 (Ed. 04-98)


CLAIMS MADE COVERAGE ENDORSEMENT

I. COVERAGE-CLAIMS MADE

It is agreed that the insurance afforded by this policy is subject to the same terms, conditions, definitions, exclusions and warranties as contained in the claims made policy(ies) described in the Schedule of Underlying insurance and/or Item III below. The foregoing shall not apply to: 1. The Retroactive Date of the underlying claims made policy(ies)

2. The Extended Reporting Period of the underlying claims made policy(ies).

II. RETROACTIVE DATE

The Retroactive Date for this Policy is per the underlying Directors & Officers Liability and/or Employee Benefits Liability policy(ies) described in III. CLAIMS MADE CLAUSE.

(In the absence of an entry, the Retroactive Date will be the date this policy takes effect.)

This insurance does not apply to: 1. Bodily Injury Liability or Property Damage Liability which occurs before the Retroactive Date or after the end

of the policy period, or

2. Personal Injury Liability or Advertising Injury Liability caused by an offense committed before the Retroactive Date or after the end of the policy period.

III. CLAIMS MADE CLAUSE

This policy shall apply to claims first made against the Insured and reported to the Company during the policy period for which coverage is provided for the following described underlying claims made policy(ies).

Insurance Company Policy Number Underlying Director & Officers Liability and/or Employee Benefits liability policy(ies) that are listed on GAI 6008 SCHEDULE OF UNDERLYING INSURANCE (SUPPLEMENTAL) and written on a claims-made basis.

All claims for damages because of Bodily Injury Liability, Personal Injury Liability and Advertising Injury Liability to the same person or organization, including damages claimed by any person or organization for care, loss of services or death resulting at any time from Bodily Injury, will be deemed to have been made at the time the first of those claims is made against any Insured. All claims for damages because of Property Damage Liability causing loss to the same person or organization as a result of an occurrence will be deemed to have been made at the time the first of those claims is made against any Insured. IV. EXTENDED REPORTING PERIODS

1. The Company will provide one or more Extended Reporting Periods, as described below, if:


Tel: 1-513-369-5000

GAI 6611 (Ed. 04/98) PRO Page 2 of 3

(a) this policy is cancelled or not renewed; or

(b) the Company renews or replaces this policy with insurance that:

(1) has a Retroactive Date later than the date stated above in this Endorsement; or

(2) does not apply to Bodily Injury Liability, Property Damage Liability, Personal Injury Liability or Advertising Injury Liability on a claims made basis.

The quotation of a different premium and/or Limit of Insurance does not constitute a cancellation or refusal to renew for the purpose of this provision.

2. Extended Reporting Periods do not extend the policy period, increase the Limits of Insurance or change the scope of coverage provided. They apply only to claims for:

(a) Bodily Injury Liability or Property Damage Liability that occurs before the end of the policy period but not

before the Retroactive Date; or

(b) Personal Injury Liability or Advertising Injury Liability caused by an offense committed before the end of the policy period but not before the Retroactive Date.

Once in effect, Extended Reporting Periods may not be cancelled.

3. Sixty (60) Day Automatic Extended Reporting Period: A Sixty (60) Day Extended Reporting Period is automatically provided without additional charge. This period starts with the end of the policy period or the effective date of any cancellation and lasts for sixty (60) days. This period does not apply to claims that are covered under any subsequent insurance the Insured purchases or that would be covered but for the exhaustion of the amount of insurance applicable to such claims.

4. Optional Extended Reporting Period: The above Sixty (60) Day Extended Reporting Period may be substituted by an Extended Reporting Period Endorsement for a period of (equal to that period indicated on the underlying claims-made Directors & Officers Liability and/or Employee Benefits Liability policy(ies) described in III. CLAIMS MADE CLAUSE) months from the end of the policy period or the effective date of any cancellation. If the Insured makes a written request for an Extended Reporting Period within sixty (60) days after the end of the policy period or the effective date of any cancellation and pays the additional premium of 150% of the one year premium hereunder within said sixty (60) days. If such request and premium payment are not so given to the Company, the Insured shall not at a later date be able to exercise such right. The insurance provided by the Extended Reporting Period shall be excess over any other valid and collectible insurance available to the Insured whether primary excess, contingent or on any other basis, whose policy period begins or continues after the Extended Reporting Period Coverage provided hereunder takes effect. The premium for the Extended Reporting Period endorsement will be fully earned when the endorsement takes effect. As a condition precedent to the Insured's right to purchase the Extended Reporting Period Coverage, the full policy premium (including any additional premiums) of this policy must have been paid.

V. DUTIES IN THE EVENT OF OCCURRENCE, CLAIM OR SUIT

The Insured shall give prompt written notice to the Company of an occurrence or an offense which may result in a claim under this policy. Such notice shall contain fullest information obtainable at the time.

If a claim is made or suit is brought against any Insured, the Insured shall give prompt written notice of the claim or suit and forward every demand, notice, summons or other process received.

GAI 6611 (Ed. 04/98) PRO Page 3 of 3

If during the Extended Reporting Period (If purchased by the Insured in accordance with the terms of this Endorsement), the Insured shall become aware of any occurrence or offense which might give rise to a claim against the Insured under this policy, then the Insured shall give prompt written notice to the Company, together with the fullest Information obtainable. Any claim that subsequently may be made against the Insured arising out of such occurrences or offenses shall be deemed for the purposes of this insurance, to have been made on the last date of the policy period or date of cancellation; provided that the claim is for Bodily Injury Liability, Property Damage Liability, Personal Injury Liability, or Advertising Injury Liability that occurred before the end of the policy period or date of cancellation but not before the Retroactive Date. Notice of the foregoing shall be given by the Insured or its authorized representatives, to the Company at its Home Office.

VI. APPLICATION

By acceptance of this policy, the Insured agrees that the statement in the application are the Insured's representations and that this policy embodies all agreements existing between the Insured and the Company relating to this insurance.


F 8972D (3/2011)

ABCD

GAI 6478(Ed. 04 03)


UNDERLYING SUBLIMITS ENDORSEMENT

The fol lowing is added to SECTION II - LIMITSOF INSURANCE:

I f any policy listed in the Schedule o f UnderlyingInsurance af fords coverage f o r any "claim," "suit,"or "occurrence" subject to a sublimit that is lessthan the amount shown as the applicable limit o finsurance f o r that policy in the Schedule o f Un-derlying Insurance, then the "retained limit" will becalculated as i f such sublimit equaled the full ap -

plicable limit o f insurance shown f o r that policy inthe Schedule o f Underlying Insurance. The " re -tained limit" will not be reduced on account o f anysuch sublimit.

We will have no duty to investigate any "claim,"defend any "suit," pay any sum, or assume anyobligation within the "retained limit," or to dropdown and replace any part o f the "retained limit,"on account o f any such sublimit.


GAI 6478 (Ed. 04/03) XS


F 8972D (3/2011)

ABCD

GAI 6129(Ed. 06 97)


PERSONAL INJURY - FOLLOWING FORM

The fol lowing exclusion is added to Section IV - EXCLUSIONS:

Any liability imposed by law, or assumed by any "Insured" under an "insured contract," because o f"personal injury," except to the extent that such insurance is provided by a policy listed in the Scheduleo f Underlying Insurance, and f o r no broader coverage than is provided by such policy.


GAI 6129 (Ed. 06/97) XS


F 8972D (3/2011)

ABCD

GAI 6047(Ed. 06 97)


ADVERTISING INJURY - FOLLOWING FORM

The fol lowing exclusion is added to Section IV. EXCLUSIONS:

Any liability imposed by law, or assumed by any "Insured" under an "insured contract," because o f"advertising injury," except to the extent that such insurance is provided by a policy listed in the Scheduleo f "Underlying Insurance" and f o r no broader coverage than is provided by such coverage.


GAI 6047 (Ed. 06/97) XS


F 8972D (3/2011)

ABCD

GAI 6113(Ed. 06 97)


CONTRACTUAL LIABILITY - FOLLOWING FORM


Any liability assumed by any "Insured" under any "insured contract," except to the extent that suchinsurance is provided by a policy listed in the Schedule o f Underlying Insurance, and f o r no broadercoverage than is provided by such policy.


GAI 6113 (Ed. 06/97) XS


F 8972D (3/2011)

ABCD

GAI 6106(Ed. 06 97)


AUTO LIABILITY - FOLLOWING FORM


Any liability arising out o f the ownership, maintenance, operation, use, "loading" or "unloading" o f any"auto," except to the extent that such insurance is provided by a policy listed in the Schedule o fUnderlying Insurance, and f o r no broader coverage than is provided by such policy.


GAI 6106 (Ed. 06/97) XS

GAI 71 64 (Ed. 05/11) XS


DIRECTORS AND OFFICERS LIABILITY FOLLOWING FORM (INCLUDING EMPLOYMENT RELATED PRACTICES

AND FOLLOWING FORM WRONGFUL ACT DEFINITION)

This endorsement modifies insurance provided under the following: COMMERCIAL UMBRELLA COVERAGE FORM The following exclusion is added to Section IV - EXCLUSIONS:

1. Any liability arising out of or related in any way, either directly or indirectly, to any "wrongful act" of any director or officer of any "Insured" in the discharge or performance of any duties as such a director or officer, except to the extent that such insurance is provided by the policy listed in the Schedule of Underlying Insurance, and for no broader coverage than is provided by such policy.

2. Exclusion O. is deleted from Section IV - EXCLUSIONS and replaced by the following:

"Bodily injury," "property damage," "personal injury" or "advertising injury" arising out of any:

a. refusal to employ or promote;

b. termination of employment;

c. coercion, demotion, evaluation, reassignment, discipline, defamation, harassment, molestation, humiliation, discrimination, malicious prosecution directed at that person; or other employment related practices, policies, acts or omissions; or

d. consequential "bodily injury," "property damage," "personal injury" or "advertising injury" as a result of a.

through c.

This exclusion applies whether the injury-causing event described in a. through d. occurs before employment, during employment or after employment of that person, and whether the "Insured" may be held liable as an employer or in any other capacity, and to any obligation to share damages with or to repay someone else who must pay damages because of "bodily injury," "property damage," "personal injury" or "advertising injury." This exclusion does not apply to the extent that insurance is provided by the policy listed in the Schedule of Underlying Insurance, and for no broader coverage than is provided by such policy. The definition of “wrongful act”, as used in this endorsement, is the same as the definition used by the policy listed in the Schedule of Underlying Insurance.


GAI 71 64 (Ed. 05/11) XS (Page 1 of 1)

Administrative Offices 301 E. 4th St. Cincinnati, Ohio 45202 Tel: 1-513-369-5000


F 8972D (3/2011)

ABCD

GAI 6136(Ed. 06 97)


PUNITIVE OR EXEMPLARY DAMAGES - FOLLOWING FORM


Any award of , or liability for , punitive or exemplary damages, except to the extent that such insurance isprovided by a policy listed in the Schedule o f Underlying Insurance, and f o r no broader coverage than isprovided by such policy.


GAI 6136 (Ed. 06/97) XS


F 8972D (3/2011)

ABCD

GAI 6153(Ed. 06 97)


EMPLOYEE BENEFIT LIABILITY - FOLLOWING FORM


Any actual or alleged act, error, or omission in the administration o f any "Insured's" Employee BenefitPrograms, except to the extent that such insurance is provided by a policy listed in the Schedule o fUnderlying Insurance, and f o r no broader coverage than is provided by such policy.


GAI 6153 (Ed. 06/97) XS


F 8972D (3/2011)

ABCD

GAI 6135(Ed. 06 97)


PROFESSIONAL LIABILITY EXCLUSION


Any liability for , caused by, arising out of , or in connection with the rendering o f or failure to render anyprofessional service.


GAI 6135 (Ed. 06/97) XS


F 8972D (3/2011)GAI 6442 (Ed. 01/02) XS

ABCD

GAI 6442(Ed. 01 02)


FUNGI, MOLD OR SPORES EXCLUSION

The fol lowing is added to Section IV - EXCLU-SIONS:

Any and all liability o f any nature, including, butnot limited to settlements, judgments, costs,charges, expenses, costs o f investigations, or thefees o f attorneys, experts, consultants or medicalpersonnel, arising out of , caused by, resultingfrom, contributed to, aggravated by or related inany way, either directly or indirectly, and either inwhole or in part, to:

1. Any actual, alleged or threatened exposure to,existence of , presence of , ingestion of , i n -halation o f or contact with any "fungi," moldor "spores," whether or not occurring alone,in combination with, before, after or concur-rently with any other cause, contributing c o n -dition or circumstance, or aggravating factor,whether manmade, natural, or any combinationo f manmade or natural.

2. Any request, demand, or order that any "In-sured" or others test for , monitor, clean up,remove, contain, make repairs, treat, decon-taminate, detoxify, neutralize, abate, or in anyway respond to or assess any ef fects o f any"fungi," mold or "spores." This includes, but isnot limited to, any demand, directive, c o m -plaint, suit, order or request by any govern-mental or non-governmental entity or by anyorganization, person or group o f persons.

3. Steps taken or amounts incurred by any g o v -ernmental or non-governmental entity or byany organization, person or group o f personsto test for , monitor, clean up, remove, c o n -tain, repair, treat, decontaminate, detoxify,neutralize, abate, or in any way respond to orassess any ef fects o f any "fungi," mold or"spores."

This exclusion applies regardless o f whether ornot the "fungi," mold or "spores," or any o f theireffects, were sudden, accidental, gradual, intend-ed, expected, unexpected, preventable, not p r e -ventable, manmade, naturally occurring, or anycombination o f the foregoing.

As used in this exclusion:

"Fungi" include, but are not limited to, any o f amajor group o f saprophytic and parasitic spore -producing organisms usually classified as plantsthat lack chlorophyll including, but not limited to,molds, rusts, mildews, smuts, mushrooms, andyeasts, and any toxins, mycotoxins, "spores,"scents, waste products or byproducts producedor released by "fungi," mold or "spores," or by themetabolism, death or decay o f any "fungi," moldor "spores."

"Spores" include, but are not limited to, any r e -productive body produced by or arising out o fany "fungi."



F 8972D (3/2011)

ABCD

GAI 6127(Ed. 06 97)


NON-BUSINESS ACTIVITIES EXCLUSION


Any liability f o r or arising out o f any domestic or non-business activities o f any "Insured."


GAI 6127 (Ed. 06 97) XS


F 8972D (3/2011)

ABCD

GAI 6333(Ed. 06 97)


EXCLUSION - LIABILITY ARISING OUT OF LEAD

The fol lowing exclusion is added to Section IV -EXCLUSIONS:

1. any liability arising out of , resulting from, or inany way caused by or related to any actual,alleged or threatened ingestion, inhalation, ab -sorption, or exposure to lead, in any fo rmf rom any source; or

2. any loss, cost, expense, liability or other typeo f obligation arising out o f or resulting from,or in any way related to, any:

a. claim, suit, request, demand, directive, ororder by or on behalf o f any person, en -tity, or governmental authority that any"Insured" or others test for , monitor, clean

up, remove, contain, treat, detoxify, neu-tralize, or in any way respond to or assessthe ef fects o f lead in any fo rm f rom anysource, or to any

b. claim or suit by or on behalf o f any p e r -son, entity, or governmental authority f o rdamages or any other relief or remedybecause o f testing for , monitoring, clean-ing up, removing, containing, treating, d e -toxifying, or neutralizing, or in any wayresponding to or assessing the ef fects o flead in any form.


GAI 6333 (Ed. 06/97) XS

ABCDAdministrative Offices580 Walnut StreetCincinnati, Ohio 45202Tel: 1-513-369-5000

GAI 6050(Ed. 06 97)


INTELLECTUAL PROPERTY EXCLUSION

The following exclusion is added to Section IV -EXCLUSIONS:

Any liability arising out of or directly or indirectlyrelated to the actual or alleged publication or ut-terance or oral or written statements which areclaimed as an infringement, violation or defenseof any of the following rights or laws:

1. copyright, other than infringement of copy-righted advertising materials;

2. patent;

3. trade secrets;

4. trade dress; or

5. trade mark or service mark or certificationmark or collective mark or trade name, otherthan trademarked or service marked titles orslogans.

This endorsement does not change any otherprovision of the policy.

GAI 6050 (Ed. 06/97) XS

SOLIMAR XICSON COMMLN NONE

GAI 71 19 (Ed. 02 10)


AMENDMENT OF POLLUTION EXCLUSION –

EXCEPTION FOR NAMED PERIL OF HOSTILE FIRE; BUILDING HEATING, COOLING AND

DEHUMIDIFYING EQUIPMENT AND WATER HEATING EQUIPMENT

This endorsement modifies insurance provided under the following: COMMERCIAL UMBRELLA COVERAGE FORM

Exclusion L. is deleted from Section IV. – EXCLUSIONS and is replaced by the following: Any liability, including, but not limited to settlements, judgments, costs, charges, expenses, costs of investigations, or the fees of attorneys, experts, or consultants arising out of or in any way related to: 1. The actual, alleged or threatened presence, discharge, dispersal, seepage, migration, release or escape of

"pollutants," however caused. 2. Any request, demand, or order that any "Insured" or others test for, monitor, clean-up, remove, contain, treat,

detoxify, neutralize or in any way respond to or assess the effects of "pollutants." This includes demands, directives, complaints, suits, orders or requests brought by any governmental entity or by any person or group of persons.

3. Steps taken or amounts incurred by a governmental unit or any other person or organization to test for, monitor,

clean-up, remove, contain, treat, detoxify or neutralize or assess the effects of "pollutants." This exclusion will apply to any liability, costs, charges or expenses, or any judgments or settlements, arising directly or indirectly out of pollution whether or not the pollution was sudden, accidental, gradual, intended, expected, unexpected, preventable or not preventable. As used in this exclusion "pollutants" means any solid, liquid, gaseous or thermal irritant or contaminant, including, but not limited to, smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste material. Waste material includes materials which are intended to be or have been recycled, reconditioned or reclaimed. This exclusion does not apply to: 1. "bodily injury" or "property damage" arising out of heat, smoke or fumes from a "hostile fire" at any "Insured's"

premises or job location; or 2. "bodily injury" if sustained within a building and caused by smoke, fumes, vapor, or soot from equipment used to

heat, cool or dehumidify that building, or equipment that is used to heat water for personal use, by the building’s occupants or their guests;

to the extent that such insurance is provided by a policy listed in the Schedule of Underlying Insurance, and for no broader coverage than is provided by such policy. As used in this exclusion: "Hostile fire" means one which becomes uncontrollable or breaks out from where it was intended to be.

This endorsement does not change any other provision of the policy. GAI 71 19 (Ed. 02/10) (Page 1 of 1)


Tel: 1-513-369-5000


F 8972D (3/2011)GAI 6474 (Ed. 03/03) XS

ABCD

GAI 6474(Ed. 03 03)


WAR LIABILITY EXCLUSION

Exclusion M. is deleted f rom SECTION IV - EXCLUSIONS and is replaced by the following:

M. "Any injury or damage," however caused, ar is-ing, directly or indirectly, out of:

(1) war, including undeclared or civil war; or

(2) warlike action by military force, includingaction o f hindering or defending against anactual or expected attack, by any govern-ment, sovereign or other authority usingmilitary personnel or other agents; or

(3) insurrection, rebellion, revolution, usurpedpower, or action taken by governmentalauthority in hindering or defending againstany o f these.


"Any injury or damage" means any injury ordamage covered under any policy, CoveragePart, or "underlying insurance" to which thisendorsement is applicable, and includes but isnot limited to "bodily injury," "property dam-age," "personal and advertising injury," "loss,""injury" or "environmental damage" as may bedefined in any applicable policy, CoveragePart, or "underlying insurance."



F 8972D (3/2011)GAI 6819 (Ed. 10/04) XS

ABCD

GAI 6819(Ed. 10 04)


SILICA OR RELATED DUST EXCLUSION

The fol lowing exclusion is added to SECTION IV- EXCLUSIONS:

Any and all liability o f any nature, including, butnot limited to settlements, judgments, costs,charges, expenses, costs o f investigations, or thefees o f attorneys, experts, consultants or medicalpersonnel, arising out of , caused by, resultingfrom, contributed to, aggravated by or related inany way, either directly or indirectly, and either inwhole or in part, to:

1. Any actual, alleged or threatened exposure to,existence of , presence of , ingestion of , i n -halation o f or contact with "silica" or dust thatincludes or contains "silica," whether or notoccurring alone, in combination with, before,after, or concurrently with any other cause,contributing condition or circumstance, or ag -gravating factor, whether manmade, natural, orany combination o f manmade or natural.

2. Any request, demand, or order that any "In-sured" or others test for , monitor, clean up,remove, contain, make repairs, treat, decon-taminate, detoxify, neutralize, abate, or in anyway respond to or assess any ef fects o f"silica" or dust that includes or contains "sil i-

ca." This includes, but is not limited to, anydemand, directive, complaint, suit, order orrequest by any governmental or non-govern-mental entity or by any organization, personor group o f persons.

3. Steps taken or amounts incurred by any g o v -ernmental or non-governmental entity or byany organization, person or group o f personsto test for , monitor, clean up, remove, c o n -tain, repair, treat, decontaminate, detoxify,neutralize, abate, or in any way respond to orassess any ef fects o f "silica" or dust thatincludes or contains "silica."

This exclusion applies regardless o f whether ornot the "silica" or dust that includes or contains"silica," or any o f their effects, were sudden,accidental, gradual, intended, expected, unexpect-ed, preventable, not preventable, manmade, natu-rally occurring, or any combination o f the f o r e -going.


"Silica" means silicon dioxide (SiO2) in any form,f rom any source.


GAI 6011

(Ed. 06 97)

GAI 6011 (Ed. 06/97) PRO Page 1 of 2

Administrative Offices 301 E 4th Street Cincinnati OH 45202-4201 513 369 5000 ph

GENERAL ENDORSEMENT

BROAD NAMED INSURED



Under Section V.DEFINITIONS, F. is deleted in its entirety and replaced with the following:

“Insured” means each of the following, to the extent set forth:

1. The Named Insured, meaning:

a. The Named Insured listed in Item 1. of the Declarations is changed to the following:

All members of the Distinguished Properties Umbrella Managers, Inc. risk purchasing group, as scheduled on the individual certificate of coverage and or the schedule of named insureds attached thereto.

(Information required to complete this Schedule, if not shown above, will be shown in the Declarations). b. Any organization you newly acquire or form, other than a partnership, joint venture or limited liability company, will qualify to be a Named Insured. 2. Any company, parent, subsidiary entity, trust, partnership, limited liability company or joint venture for which the Named Insured has the responsibility for placing insurance. This includes any company or corporation not defined as a Named Insured as stated in 1.b. above. However, the following items (1) and (2) apply to Provision 1. and 2. above: (1) coverage does not apply to “bodily injury”, “property damage”, “personal injury” or “advertising

injury” that occurred before you acquired or formed the organization; and

(2) coverage applies only if the organization is included under the coverage provided by the policies listed in the Schedule of Underlying Insurance and then for no broader coverage than is provided under such “underlying insurance”.

3. If you are an individual, you and your spouse, but only with respect to the conduct of a business of which you are the sole owner as of the effective date of this policy. 4. If you are a partnership or joint venture, the partners or members and their spouses but only as respects the conduct of your business. 5. If you are a limited liability company, the members or managers but only as respects the conduct of your business.

GAI 6011

(Ed. 06 97)

GAI 6011 (Ed. 06/97) PRO Page 2 of 2

6. Any person or organization, other than the Named Insured, included as an additional “Insured” solely by virtue of an “insured contract”, or a contract that includes an “insured contract”, and to which coverage is provided by the “underlying insurance”, and for no broader coverage than is provided by the “underlying insurance” to such additional “Insured”. The Limits of Insurance applicable to the additional “Insured” are the lesser of those specified in the Declarations of this policy or those specified in the “insured contract” or a contract that includes an “insured contract” less the applicable “underlying insurance”. The Limits of Insurance applicable to the additional “Insured” are included within, and no in addition to, the Limits of Insurance shown in the Declarations. 7. Any of your partners, executive officers, directors, or employees, but only while acting within the scope of their duties. However, the coverage granted by this subparagraph 7. does not apply to the ownership, maintenance, use, “loading” or “unloading” of any “autos”, aircraft or watercraft unless such coverage is included under the policies listed in the Schedule of Underlying Insurance and for no broader coverage than is provided under such “underlying insurance”. Employees include “leased workers” but no “temporary workers”. “Leased workers” are leased to you by a labor leasing firm under an agreement between you and the labor leasing firm to perform duties to the conduct of your business. “Leased workers” are not “temporary workers”. “Temporary workers” are persons furnished to you to substitute for permanent employees on leave or to meet seasonal or short-term workload conditions. 8. Any person, other than one of your employees, or organization while acting as your real estate manager. 9. Any person (other than your partners, executive officers, directors, stockholders or employees) or organizations with respect to any “auto” owned by you, loaned to you or hired by you or on your behalf and used with your permission. However, the coverage granted by this subparagraph 9. does not apply to any person using an “auto” while working in a business that sells, services, repairs or parks “autos” unless you are in that business.

This endorsement does not change any other provision of the Policy.


F 8972D (3/2011)Includes copyrighted material o f ISO Properties, Inc., with its permission.

GAI 6452 (Ed. 01/08) XS

ABCD

GAI 6452(Ed. 01 08)


CAP ON LOSSES FROM CERTIFIED ACTS OF TERRORISM


COMMERCIAL UMBRELLA COVERAGE FORMSAFEPAK UMBRELLA LIABILITY COVERAGE FORMEXCESS LIABILITY

The fol lowing is added to SECTION II - LIMITS OF INSURANCE:

I f aggregate insured losses attributable to te r ro r -ist acts certif ied under the federal Terrorism RiskInsurance Act exceed $100 billion in a ProgramYear (January 1 through December 31) and wehave met our insurer deductible under the Ter ro r -ism Risk Insurance Act, we shall not be liable f o rthe payment o f any portion o f the amount o fsuch losses that exceeds $100 billion, and in suchcase insured losses up to that amount are subjectto pro rata allocation in accordance with p roce -dures established by the Secretary o f the Trea-sury.

"Certified act of terrorism" means an act that iscertif ied by the Secretary o f the Treasury, inconcurrence with the Secretary o f State and theAttorney General o f the United States, to be an

act o f terrorism pursuant to the federal TerrorismRisk Insurance Act. The criteria contained in theTerrorism Risk Insurance Act f o r a "certified acto f terrorism" include the following:

1. the act resulted in insured losses in excess o f$5 million in the aggregate, attributable to alltypes o f insurance subject to the TerrorismRisk Insurance Act; and

2. the act is a violent act or an act that is dan-gerous to human life, property or infrastruc-ture and is committed by an individual or i n -dividuals as part o f an e f fo r t to coerce thecivilian population o f the United States or toinfluence the policy or af fect the conduct o fthe United States Government by coercion.


GAI 6011

(Ed. 06 97)

GAI 6011 (Ed. 06/97) PRO Page 1 of 2

Administrative Offices 301 E 4th Street Cincinnati OH 45202-4201 513 369 5000 ph


EXCLUSION-NUCLEAR, BIOLOGICAL, OR CHEMICAL FROM A “CERTIFIED ACT OF TERRORISM”

This endorsement modifies insurance provided by:

COMMERCIAL UMBRELLA COVERAGE FORM EXCESS LIABILITY COVERAGE FORM

The following exclusion is added to SECTION IV – EXCLUSIONS: Nuclear, Biological, or Chemical From A “Certified Act of Terrorism” Any and all liability of any nature, including, but not limited to settlements, judgments, costs, charges, expenses, costs of investigations, or the fees of attorneys, experts, consultants or medical personnel, arising out of, caused by, resulting from, contributed to, aggravated by or related in any way, either directly or indirectly, and either in whole or in part, out of a “certified act of terrorism” to: 1. Any actual, attempted, suspected, or threatened use of any “NBC material” as part of any plan, effort, or design, actually or apparently intended to cause any: (a) loss or damage to any tangible or intangible property, or (b) bodily injury, physical injury, sickness, or disease, including death of a person, or (c) mental injury, mental anguish, emotional distress, humiliation, or shock, if directly resulting from physical injury, sickness or disease to that person. 2. Any actual, attempted, suspected, or threatened presence, spread, dissemination, release, escape, or distribution of any “NBC material” as a direct or indirect result of any actual, attempted, suspected, or threatened plan, effort, or design, actually or apparently intended, resulting from a “certified act of terrorism” to cause any: (a) loss or damage to any tangible or intangible property, or (b) bodily injury, physical injury, sickness, or disease, including death of a person, or (c) mental injury, mental anguish, emotional distress, humiliation, or shock, if directly resulting from physical injury, sickness or disease to that person. 3. Any request, demand, or order resulting from a “certified act of terrorism” that any “Insured” or others test for, monitor, clean up, remove, contain, make repairs, treat, decontaminate, detoxify, neutralize, abate, or in any way respond to or assess any effects of “NBC material”. This includes, but is not limited to, any demand, directive, complaint, suit, order or request by any governmental or non-governmental entity or by any organization, person, or group of persons.

GAI 6011

(Ed. 06 97)

GAI 6011 (Ed. 06/97) PRO Page 2 of 2

4. Steps taken or amounts incurred by any governmental or non-governmental entity or by any organization, person or group of persons, resulting from a “certified act of terrorism”, to test for, monitor, clean up, remove, contain, repair, treat, decontaminate, detoxify, neutralize, abate, or in any way respond to or assess any effects of “NBC material”. As used in this exclusion: “Certified act of terrorism” means an act that is certified by the Secretary of the Treasury, in concurrence with the Secretary of State and the Attorney General of the United States, to be an act of pure terrorism pursuant to the federal Terrorism Risk Insurance Act. The criteria contained in the Terrorism Risk Insurance Act for a “certified act of terrorism” include the following: 1. the act resulted in insured losses in excess of $5 million in the aggregate, attributable to all types of insurance subject to the Terrorism Risk Insurance Act; and 2. the act is a violent act or an act that is dangerous to human life, property or infrastructure and is committed by an individual or individuals as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion. “NBC material” means any nuclear, biological, or chemical material or substance that causes damage to property or is harmful to human health. “NBC material” includes, but is not limited to: 1. Any radioactive substance or material, and the radiation it releases, 2. Any pathogen, bacterium, microbe, virus, or other organism, 3. Any substance or material produced by or from any pathogen, bacterium, microbe, virus, or other organism, and 4. Any poison, toxin, or other harmful chemical, substance, or material. The foregoing list 1. through 4. is only illustrative, and should not be construed as a complete, exclusive, or exhaustive list of all “NBC materials”.




GAI 6475 (Ed. 01/08) PRO (Page 1 o f 2)

ABCD

GAI 6475(Ed. 01 08)


ACT OF TERRORISM RETAINED LIMIT


COMMERCIAL UMBRELLA COVERAGE FORMSAFEPAK UMBRELLA LIABILITY COVERAGE FORM

The policy is amended as follows:

A. ITEM 5. o f the DECLARATIONS - SELF-INSURED RETENTION is amended to include the fol lowingSelf-Insured Retention:

Act of Terrorism Self-Insured Retention:

Each Occurrence - none

B. SECTION II - LIMITS OF INSURANCE - G. - RETAINED LIMIT is deleted in its entirety and replaced by thefollowing:

We will be liable only f o r that portion o f damages, subject to the Each Occurrence Limit stated in theDeclarations, in excess o f the "retained limit," which is the greater of:

1. the total amounts stated as the applicable limits o f the underlying policies listed in the Schedule o fUnderlying Insurance and the applicable limits o f any other insurance providing coverage to the "Insured"during the Policy Period; or

2. the amount stated in the Declarations as Self-Insured Retention or Act o f Terrorism Self-InsuredRetention as a result o f any one "occurrence" not covered by the underlying policies listed in theSchedule o f Underlying Insurance nor by any other insurance providing coverage to the "Insured" duringthe Policy Period;

And then up to an amount not exceeding the Each Occurrence Limit as stated in the Declarations.

All "claims" and "suits" seeking damages f o r any liability out o f an "act o f terrorism" are subject to the Act o fTerrorism Self-Insured Retention. "Defense expenses" shall not erode the Act o f Terrorism Self-InsuredRetention.

The Act o f Terrorism Self-Insured Retention applies whether or not there is any applicable underlying policieslisted in the Schedule o f Underlying Insurance or applicable limits o f any other underlying insurance providingcoverage to the "Insured." I f there is applicable underlying insurance listed in the Schedule o f UnderlyingInsurance or any other underlying insurance providing coverage to the "Insured," amounts received throughsuch underlying insurance may be applied to reduce or exhaust the Act o f Terrorism Self-Insured Retention.However, in no event will amounts received through such underlying insurance f o r the payment o f "defenseexpenses" reduce the Act o f Terrorism Self-Insured Retention.

Includes copyrighted material o f ISO Properties, Inc., with its permission.GAI 6475 (Ed. 01/08) PRO (Page 2 o f 2)

C. For the purposes o f this endorsement, the fol lowing definitions are added to SECTION V - DEFINITIONS:

1. "Defense expenses" means any payment allocated to a specific loss, "claim" or "suit" f o r itsinvestigation, settlement or defense, including but not limited to:

a. attorney's fees and all other investigation, loss adjustment and litigation expenses;

b. premiums on bonds to release attachments;

c. premiums on appeal bonds required by law to appeal any "claim" or "suit";

d. costs taxed against the "Insured" in any "claim" or "suit";

e. pre-judgment interest awarded against the "Insured";

f. interest that accrues after entry o f judgment.

2. "Act o f terrorism" is defined as:

a. A "certified act of terrorism" means any act that is certif ied by the Secretary o f the Treasury o fthe United States, in concurrence with the Secretary o f State, and the Attorney General o f theUnited States to be an act o f terrorism pursuant to the federal Terrorism Risk Insurance Act. Thecriteria contained in the Risk Insurance Act f o r a "certified act o f terrorism" include the following:

i. the act resulted in insured losses in excess o f $5 million in the aggregate, attributable to all types o finsurance subject to the Terrorism Risk Insurance Act; and

ii. the act is a violent act or an act that is dangerous to human life, property or infrastructure and iscommitted by an individual or individuals as part o f an e f fo r t to coerce the civilian population o f theUnited States or to influence the policy or af fect the conduct o f the United States Government bycoercion.

D. Solely as respects any liability arising out o f any "act o f terrorism," SECTION III. - DEFENSE, Paragraphs A.1.and A.2., are deleted in their entirety, and replaced by the following:

A. We will have the right and duty to defend any "claim" or "suit" seeking damages covered by the termsand conditions o f this policy when the applicable Act o f Terrorism Self-Insured Retention limit has beenexhausted by actual payment o f "claims" f o r any "occurrence" to which this policy applies.




GAI 6458 (Ed. 01/08) XS

ABCD

GAI 6458(Ed. 01 08)


EXCLUSION OF PUNITIVE DAMAGES RELATED TO ACERTIFIED ACT OF TERRORISM


COMMERCIAL UMBRELLA COVERAGE FORMSAFEPAK UMBRELLA LIABILITY COVERAGE FORMEXCESS LIABILITY

The fol lowing exclusion is added to SECTION IV - EXCLUSIONS:

A. This insurance does not apply to:

Terrorism Punitive Damages

"Any injury or damage" arising, directly or i n -directly, out o f a "certified act o f terrorism"that are awarded as punitive damages.

B. The fol lowing definitions are added:

1. For the purposes o f this endorsement,"any injury or damage" means any injury ordamage covered under any Coverage Partto which this endorsement is applicableand includes but is not limited to "bodilyinjury," "property damage," "personal andadvertising injury," "loss," "injury" or "envi-ronmental damage" as may be defined inany applicable Coverage Part or "under-lying insurance."

2. "Certified act of terrorism" means an actthat is certif ied by the Secretary o f theTreasury, in concurrence with the Sec-

retary o f State and the Attorney Generalo f the United States, to be an act o f t e r -rorism pursuant to the federal TerrorismRisk Insurance Act. The criteria containedin the Terrorism Risk Insurance Act f o r a"certified act o f terrorism" include thefollowing:

a. the act resulted in insured losses inexcess o f $5 million in the aggregate,attributable to all types o f insurancesubject to the Terrorism Risk Insur-ance Act; and

b. the act is a violent act or an act that isdangerous to human life, property orinfrastructure and is committed by anindividual or individuals as part o f ane f fo r t to coerce the civilian populationo f the United States or to influencethe policy or af fect the conduct o f theUnited States Government by coercion.



Includes copyrighted material o f ISO Properties, Inc., with its permission.GAI 6847 (Ed. 12/06) XS (Page 1 o f 3)

ABCD

GAI 6847(Ed. 12 06)


CONDITIONAL EXCLUSION OF TERRORISM (RELATING TO DISPOSITIONOF FEDERAL TERRORISM RISK INSURANCE ACT)

The fol lowing exclusion is added to SECTION IV- EXCLUSIONS:

A. Applicability Of The Provisions Of This En-dorsement

1. The provisions o f this endorsement willbecome applicable commencing on thedate when any one or more o f the f o l -lowing f i rst occurs. But i f your policy(meaning the policy period in which thisendorsement applies) begins after suchdate, then the provisions o f this endorse-ment become applicable on the date yourpolicy begins.

a. The federal Terrorism Risk InsuranceProgram ("Program"), established bythe Terrorism Risk Insurance Act, hasterminated with respect to the type o finsurance provided under this policy orCoverage Part; or

b. A renewal, extension or replacemento f the Program has become effect ivewithout a requirement to make te r ro r -ism coverage available to you and withrevisions that:

(1) Increase our statutory percentagedeductible under the Program f o rterrorism losses. (That deductibledetermines the amount o f all c e r -tif ied terrorism losses we mustpay in a calendar year, before thefederal government shares insubsequent payment o f certif iedterrorism losses.); or

(2) Decrease the federal govern-ment's statutory percentage sharein potential terrorism lossesabove such deductible; or

(3) Redefine terrorism or make in -surance coverage f o r terrorismsubject to provisions or require-ments that d i f fer f rom those thatapply to other types o f events oroccurrences under this policy.

2. I f the provisions o f this endorsement b e -come applicable, such provisions:

a. Supersede any terrorism endorsementalready endorsed to this policy thataddresses "certified acts o f terrorism"and/or "other acts o f terrorism," butonly with respect to an incident(s) o fterrorism (however defined) which r e -sults in injury or damage that occurson or after the date when the prov i -sions o f this endorsement becomeapplicable (for claims made policies,such an endorsement is supersededonly with respect to an incident o fterrorism (however defined) that r e -sults in a claim f o r injury or damagef i rst being made on or after the datewhich the provisions o f this endorse-ment become applicable); and

b. Remain applicable unless we notify youo f changes in these provisions, in r e -sponse to federal law.

3. I f the provisions o f this endorsement doNOT become applicable, any terrorism en -dorsement already endorsed to this policy,that addresses "certified acts o f t e r ro r -ism" and/or "other acts o f terrorism," willcontinue in ef fec t unless we notify you o fchanges to that endorsement in responseto federal law.

B. The fol lowing definitions are added and applyunder this endorsement wherever the termterrorism, or the phrase any injury or damage,are enclosed in quotation marks:


1. "Terrorism" means activities against p e r -sons, organizations or property o f anynature:

a. That involve the fol lowing or prepara-tion f o r the following:

(1) Use or threat o f force or v i o -lence; or

(2) Commission or threat o f a dan-gerous act; or

(3) Commission or threat o f an actthat interferes with or disrupts anelectronic, communication, i n f o r -mation, or mechanical system; and

b. When one or both o f the fol lowingapplies:

(1) The ef fec t is to intimidate or c o -erce a government or the civilianpopulation or any segment o f theeconomy; or

(2) It appears that the intent is to in -timidate or coerce a government,or to further political, ideological,religious, social or economic o b -jectives or to express (or e x -press opposition to) a philosophyor ideology.

2. "Any injury or damage" means any injuryor damage covered under any policy,Coverage Part or "underlying insurance" towhich this endorsement is applicable, andincludes but is not limited to "bodily i n -jury," "property damage," "personal andadvertising injury," "loss," "injury" or "envi-ronmental damage" as may be defined inany applicable policy, Coverage Part, or"underlying insurance."

C. The fol lowing exclusion is added:

EXCLUSION OF TERRORISM

We will not pay f o r "any injury or damage"caused directly or indirectly by "terrorism,"including action in hindering or defendingagainst an actual or expected incident o f " te r -rorism." "Any injury or damage" is excludedregardless o f any other cause or event thatcontributes concurrently or in any sequence

to such injury or damage. But this exclusionapplies only when one or more o f the f o l l o w -ing are attributed to an incident o f "terrorism":

1. The "terrorism" is carried out by means o fthe dispersal or application o f radioactivematerial, or through the use o f a nuclearreaction, nuclear radiation or radioactivecontamination; or

2. Radioactive material is released, and it ap -pears that one purpose o f the "terrorism"was to release such material; or

3. The "terrorism" is carried out by means o fthe dispersal or application o f pathogenicor poisonous biological or chemical ma-terials; or

4. Pathogenic or poisonous biological orchemical materials are released, and it ap -pears that one purpose o f the "terrorism"was to release such materials; or

5. The total o f insured damage to all types o fproperty exceeds $25,000,000. In deter -mining whether the $25,000,000 thresh-old is exceeded, we will include all insureddamage sustained by property o f all p e r -sons and entities affected by the " te r ro r -ism" and business interruption losses sus-tained by owners or occupants o f thedamaged property. For the purpose o f thisprovision, insured damage means damagethat is covered by any insurance plusdamage that would be covered by any in -surance but f o r the application o f any t e r -rorism exclusions; or

6. Fifty or more persons sustain death orserious physical injury. For the purposeso f this provision, serious physical injurymeans:

a. Physical injury that involves a substan-tial risk o f death; or

b. Protracted and obvious physical d is -figurement; or

c. Protracted loss o f or impairment o fthe function o f a bodily member ororgan.

Multiple incidents o f "terrorism" which occurwithin a 72-hour period and appear to becarried out in concert or to have a relatedpurpose or common leadership will be


deemed to be one incident, f o r the purposeo f determining whether the thresholds inParagraphs C.5. or C.6. are exceeded.

With respect to this Exclusion, ParagraphsC.5. and C.6. describe the threshold used tomeasure the magnitude o f an incident o f " te r -rorism" and the circumstances in which thethreshold will apply, f o r the purpose o f d e -termining whether this Exclusion will apply to

that incident. When the Exclusion applies to anincident o f "terrorism," there is no coverageunder this policy or Coverage Part.

In the event o f any incident o f "terrorism" thatis not subject to this Exclusion, coveragedoes not apply to "any injury or damage" thatis otherwise excluded under this policy orCoverage Part.


IL7268DL (09/09)

IL 72 68 (Ed. 09/09) XS

ABCDAdministrative Offices301 E 4th StreetCincinnati, Ohio 45202-4201Tel: 1-513-369-5000 IL 72 68

(Ed. 09 09)

In Witness Clause

In Witness Whereof, we have caused this Policy to be executed and attested, and, if required by statelaw, this Policy shall not be valid unless countersigned by our authorized representative.

AB ABCDPresident Secretary

SOLIMAR XICSON COMMLN NONE

X::PDF(F) PX(D) MT(MAIN)

X::PDF(F) JO(7)


F 8972D (3/2011)

ABCD

IL 73 24 (Ed. 08 12)

THIS ENDORSEMENT CHANGES YOUR POLICY. PLEASE READ IT CAREFULLY.

ECONOMIC AND TRADE SANCTIONS CLAUSE

This insurance does not apply to the extent that trade or economic sanctions or other laws or regulationsprohibit us f rom providing insurance.

IL 73 24 (Ed. 08/12)

GAI 6012 (Ed. 06/97) PRO (Page 1 of 1)

GAI 6012 (Ed. 06 97) Policy No. UM 3305282 Effective Date of Change 09/01/14

POLICY CHANGES

NAMED INSURED AND ADDRESS:

Distinguished Properties Umbrella Managers, Inc. c/o 3H Corporate Services, LLC 1201 N. Orange Street, Suite 710 Wilmington, DE 19801-1186

POLICY PERIOD: 12:01 A.M. STANDARD TIME AT THE ADDRESS OF THE NAMED INSURED SHOWN AT LEFT. FROM: 09/01/14 TO: 09/01/16

THIS ENDORSEMENT CHANGES THE POLICY.

PLEASE READ IT CAREFULLY.

AGENT’S NAME AND ADDRESS: Distinguished Programs Insurance Brokerage, LLC 1180 Avenue of the Americas, 16th Floor New York, NY 10036

INSURANCE IS AFFORDED BY THE COMPANY INDICATED BELOW: (EACH A CAPITAL STOCK CORPORATION)

( X ) GREAT AMERICAN INSURANCE COMPANY ( ) GREAT AMERICAN ASSURANCE CO. ( ) GREAT AMERICAN ALLIANCE INS. CO. ( ) GREAT AMERICAN INSURANCE CO. OF NY

( ) GREAT AMERICAN E & S INSURANCE COMPANY It is hereby agreed that SCHEDULE A – SCHEDULE OF UNDERLYING INSURANCE (SUPPLEMENTAL), GAI 6008, is amended per attached.. FORMS AND ENDORSEMENTS hereby added: FORMS AND ENDORSEMENTS hereby amended: GAI 6008 FORMS AND ENDORSEMENTS hereby deleted: Countersigned___________ By_____________________________________________________

Date Authorized Representative

Administrative Offices 580 Walnut Street Cincinnati, Ohio 45202 Tel: 1-513-369-5000

GAI 6008 (Ed. 06 97)

GAI 6008 (06/97) PRO Page 1 of 1

SCHEDULE A—SCHEDULE OF UNDERLYING INSURANCE (SUPPLEMENTAL) Carrier, Policy Number and Period Type of

Coverage Limits of Insurance

(THE LIMITS LISTED BELOW ARE THE MINIMUM LIMITS REQUIRED AND MAY BE HIGHER)

It is warranted by the Purchasing Group Member that any carrier for underlying insurance in force, or at renewal or replacement thereof, will be rated A –VI or better by A.M. Best and that the underlying insurance provides supplementary payments that do not reduce the limits of insurance

General Liability

$1,000,000 Each Occurrence $1,000,000 Personal & Advertising Injury INCLUDED Products/Completed Operations Aggregate $2,000,000 General Aggregate


Auto Liability $1,000,000 Combined Single Limit Per Individual Schedule Automobile Symbols


Employee Benefits Liability

$1,000,000 Each Claim/Occurrence $1,000,000 Aggregate

IF ANY - It is warranted by the Purchasing Group Member that any carrier for underlying insurance in force, or at renewal or replacement thereof, will be rated B++ VI or better by A.M. Best and/ or with Certified State Funds and that the underlying insurance provides supplementary payments that do not reduce the limits of insurance

Employers Liability*

$500,000 Each Accident $500,000 Each Employee – Disease $500,000 Policy Limit – Disease


Garagekeepers Legal Liability

$1,000,000 Each Loss


Directors & Officers Liability** (see below)

$1,000,000 Aggregate

*Exceptions include coverage written with a certified state fund or any underlying carrier expressly approved by TheDistinguished Programs Group ** Directors & Officers Liability for Not for Profit Condominium, Cooperative and Homeowners Associations only

DISTINGUISHED PROPERTIES UMBRELLA MANAGERS INC. RISK PURCHASING GROUP

COMMERCIAL EXCESS LIABILITY MASTER INSURANCE POLICY

Excess Limit of Liability:

$5,000,000 Excess of $10,000,000 Or

$15,000,000 Excess of $10,000,000 (See Certificate of Coverage for applicable limit)

ISSUED BY

Ironshore Indemnity, Inc.

IMPORTANT NOTICE

A “CERTIFICATE OF COVERAGE” IS ISSUED TO MEMBERS OF THE PURCHASING GROUP AS EVIDENCE OF INSURANCE

Refer to the Certificate of Coverage for the applicable Limit of Liability,

Participating Insurers, Coverage Period, Participating Insurers, and any other Terms, Conditions and Exclusions that may apply in addition to those stated in

the actual policy or policies.

The policy period in the policy declaration is amended to read as it does in the “Certificate of Coverage” issued to each member as per item Endorsement #8

Form # EFF.END.012 (06/10) attached and forming part of this policy.

EFF.DEC.001 (0509) Page 1 of 3

IRONSHORE INDEMNITY, INC.(A Stock Company)

Mailing Address:PO Box 3407

New York, NY 10008(877) IRON411

COMMERCIAL EXCESS LIABILITY POLICY DECLARATIONS

Policy Number: 002058500 NEW/RENEWAL OF: 001734500

Item 1. Named Insured &Mailing Address:

Distinguished Properties Umbrella Managers, Inc.c/o 3H Corporate Services, LLC1201 North Orange Street, Suite 710Wilmington, DE 19801-1186

Item 2. Policy Period: Effective: September 01, 2014 Expiration: September 01, 2016

12:01 a.m. time at your mailing address shown above

Item 3: Limits Of Liability

a. Per Occurrence, Per Claim or Per Loss (as inControlling underlying Policy)

$15,000,000 (Maximum Limt per Certificate Holder)

b. Aggregate, where applicable $15,000,000 (Maximum Limt per Certificate Holder)

(Per Schedule of Underlying Policies (See Endorsement No. 1)

Item 4. Limits Of Underlying Policy

a. Per Occurrence, Per Claim or Per Loss $10,000,000

b. Aggregate, where applicable $10,000,000

Per Schedule of Underlying Policies (See Endorsement No. 1)

Item 5. Controlling Underlying Policy

Company See Endorsement No. 1

Policy Number

Insurer

Coverage

Policy Period

Limit of Liability


Item 6.

Policy Premium:Premium for Acts of Terrorism (TRIA): IncludedTotal Premium (including TRIA):

Minimum Premium:

Item 7. Producer & MailingAddress:

Susan DeCarloDistinguished Programs Insurance Brokerage, LLC1180 Avenue of the Americas, 16th FloorNew York, NY 10036

Item 8. NOTICES TO THE INSURER:

(a) All notices as required under Section VI.H.1: Claims Department(b) All other notices: Underwriting Department

At the address and numbers shown at the top of the Declarations Page.

Item 9. Policy Coverage Form: Program Only - EFF.COV.001 (0311) Commercial Excess Liability Policy

Endorsements: SEE SCHEDULE OF ENDORSEMENTS

THESE DECLARATIONS, TOGETHER WITH THE COMPLETED AND SIGNED APPLICATION, FOR THIS POLICY AND THEFOLLOWED POLICY, INCLUDING INFORMATION FURNISHED IN CONNECTION THEREWITH WHETHER DIRECTLY ORTHROUGH PUBLIC FILING, AND THE POLICY FORM ATTACHED HERETO, CONSTITUTE THE INSURANCE POLICY.

Date: July 2, 2014______________________ ______________________________MO/DAY/YR. Authorized Representative


Named Insured: Distinguished Properties Umbrella Managers, Inc.

Policy Number: 002058500

Effective 12:01 AM: September 01, 2014

SCHEDULE OF ENDORSEMENTS

Endorsement Number - Form Number – Edition Date – Form Name

1. EFF.END.001 (0610) Schedule of Underlying Insurance2. EFF.END.003 (0610) Named Insured3. EFF.END.004 (0610) Claims Notification4. EFF.END.005 (0610) Pro Rata Cancellation5. EFF.END.006 (0610) Commercial Excess Liability Amendment of Conditions6. EFF.END.007 (0610) Employment Practices Liability7. EFF.END.009 (0610) Excess Follow Form Notice of Cancellation8. EFF.END.010 (0610) DPU General Changes9. EFF.END.012 (0610) Risk Purchasing Group Modified10. EFF.END.013 (0610) Violation of Economic or Trade Sanctions11. EFF.END.016 (0610) Act of Terrorism Retention12. EFF.END.002 (0610) Policy Changes - Non Drop-Down Endorsement13. EFF.MANU.001 Crisis Response Coverage Exclusion14. EFF.MANU.002 D & O Exclusion (For Profit Museums Only)

EFF.COV.001 (03/11) Page 1 of 6




(Hereinafter referred to as the “Insurer”)

COMMERCIAL EXCESS LIABILITY POLICY

Policy Number: 002058500

In consideration of the payment of premium and in reliance upon the statements in the Declarations of this Policy, the Insureragrees as follows:

I. COVERAGE

A. This Policy shall provide the Insured with Commercial Excess Liability Insurance coverage in accordance with thesame warranties, terms, conditions, exclusions and limitations as are contained, on the Inception Date of thisPolicy, in the Controlling Underlying Policy, subject to the premium, limits of liability, retention, policy period,warranties, exclusions, limitations and any other terms and conditions of this Policy, including any and allendorsements attached hereto, inconsistent with or supplementary to the Controlling Underlying Policy.

II. LIMITS OF LIABILITY

A. Where an amount is shown for the aggregate limit of liability in Item 3 of the Declarations of this Policy, theamount stated is the most the Insurer will pay for all damages covered under this Policy with respect tocoverage subject to an aggregate limit of liability in the Controlling Underlying Policy. The aggregate limit(s) ofliability under this Policy apply in the same manner as the aggregate limit(s) of liability in the ControllingUnderlying Policy.

B. Subject to A. above, the per occurrence, per claim, or per loss limit of liability stated in Item 3 of theDeclarations of this Policy is the most the Insurer will pay for all damages arising out of any one occurrence,claim or loss as stated in the Controlling Underlying Policy.

C. Defense costs to which this Policy applies shall not reduce the limits of liability stated in A. and B. above, exceptto the extent defense costs covered under any Underlying Policy reduce the limits of liability of such UnderlyingPolicy.

III. RETENTION

A. The Limits of Liability stated in Item 3 of the Declarations of this Policy apply in excess of:

1. The total of the limits of liability of the Underlying Policies applicable on a per occurrence, per claim or perloss basis, but in no event in an amount less than the total of the per occurrence, per claim or per loss limitsof liability of the Underlying Policies stated in Item 4 of the Declarations of this Policy.

2. The total of the limits of liability of the Underlying Policies applicable on an aggregate basis, where an bamount is shown in the aggregate limit of liability of the Underlying Policies stated in Item 4 of theDeclarations of this Policy, but in no event in an amount less than the aggregate limits of liability of theUnderlying Policies stated in Item 4 of the Declarations of this Policy.

B. This Policy will not apply in excess of any reduced or exhausted limits of liability of the Underlying Policies tothe extent that such reduction or exhaustion is caused by:

EFF.COV.001 (03/11) Page 2 of 6

1. Payment of amounts on account of occurrences, claims or loss that are not covered under this Policy; or

2. Uncollectibility in whole or in part of the limits of liability of an Underlying Policy.

C. Notwithstanding B.1. above, defense costs incurred by any Underlying Policy shall not reduce the limits ofliability of such Underlying Policy, except to the extent defense costs reduce the limits of liability of anUnderlying Policy, in which case they will reduce the limits of liability under this Policy.

IV. EXCLUSIONS

This Policy shall not apply to liability:

A. ASBESTOS

Arising out of or relating in any way to:

1. The mining, processing, manufacturing, use, testing, ownership, sale or removal of asbestos, asbestos fibersor materials containing asbestos;

2. Exposure to asbestos, asbestos fibers, or material containing asbestos; or

3. Any error or omission in supervision, instructions, recommendations, notices, warnings or advice given, orwhich should have been given, in connection with asbestos fibers or material containing asbestos.

B. WAR OR MILITARY ACTION

Arising directly or indirectly, out of:

1. War, including undeclared or civil war; or

2. Warlike action by a military force, including action in hindering or defending against an actual or expectedattack, by any government, sovereign or other authority using military personnel or other agents; or

3. Insurrection, rebellion, revolution, usurped power, strike, riot, civil commotion or action taken bygovernmental authority in hindering or defending against any of these regardless of any other cause orevent that contributes concurrently or in sequence to injury or damage.

C. OTHER LAWS

Arising out of or relating in any way to:

1. The Employee Retirement Income Security Act of 1974 (ERISA) as now or hereafter amended; or

2. Any claim or claims made by or against the Insured with respect to any uninsured/underinsured motorist orautomobile no fault or first party personal injury law;

D. EMPLOYMENT-RELATED PRACTICES LIABILITY

Arising out of any refusal to employ, termination of employment, coercion, demotion, evaluation, reassignment,discipline, defamation, harassment, humiliation, discrimination or other employment-related practices, policies,acts or omissions.

This exclusion applies whether the Insured may be held liable as an employer or in any other capacity, and to anyobligation to share damages with or to repay someone else who must pay damages because of injury or damagearising out of the employment-related practices, policies, acts or omissions described in the paragraph above.

E. NUCLEAR LIABILITY

1. With respect to which the Insured is also an Insured under a nuclear energy liability policy issued by theNuclear Energy Liability-Property Insurance Association, Mutual Atomic Energy Liability Underwriters or theNuclear Insurance Association of Canada, or would be an Insured under any such policy but for itstermination upon exhaustion of its limit of liability;

EFF.COV.001 (03/11) Page 3 of 6

2. Resulting from the hazardous properties of nuclear material and with respect to which (a) any person or anyorganization is required to maintain financial protection pursuant to the Atomic Energy Act of 1954, or anyamendment or revision thereto, or any similar law; (b) the Insured is, or had this Policy not been availablewould be, entitled to indemnity from the United States of America or any agency thereof under anyagreement entered into by the United States of America or an agency thereof with any person ororganization;

3. Resulting from the hazardous properties of nuclear material if:

(a) the nuclear material (i) is at any nuclear facility owned by the Insured or operated by the Insured oron the Insured’s behalf or (ii) has been discharged or dispensed therefrom;

(b) the nuclear material is contained in spent fuel or waste at any time possessed, handled, used,processed, stored, transported or disposed of by the Insured or on the Insured’s behalf; or

(c) the liability arises out of the furnishing by the Insured of services, materials, parts or equipment inconnection with the planning, construction, maintenance, operation or use of any nuclear facility, butif such facility is located within the United States of America, its territories or possessions or Canada,this exclusion 3. applies only to injury to or destruction of such nuclear facility and any propertythereat.

4. As used in this exclusion:

a. “hazardous properties” includes radioactive, toxic or explosive properties;

b. “nuclear material” means source material, special nuclear material or by-product material;

c. “source material,” “special nuclear material” and “by-product material” have the meanings given themin the Atomic Energy Act of 1954 or any amendment or revision thereto ;

d. “spent fuel” means any fuel element or fuel component, solid or liquid, which has been used or exposedto radiation in a nuclear reactor;

e. “waste” means any waste material (1) containing by-product material and (2) resulting from theoperation by any person or organization of a nuclear facility included within the definition of nuclearfacility below;

f. “nuclear facility” means:

i) any nuclear reactor;

ii) any equipment or device designed or used for (1) separating the isotopes of uranium or plutonium,(2) processing or utilizing spent fuel or (3) handling, processing or packaging wastes;

iii) any equipment or device used for the processing, fabricating or alloying of special nuclear materialif at any time the total amount of such material in the Insured’s custody at the premises where suchequipment or device is located consists of or contains more than 25 grams of plutonium or uranium233 or any combination thereof, or more than 250 grams of uranium 235; or

iv) any structure, basin, excavation, premises or place prepared or used for storage or disposal ofwaste, and

includes the site on which any of the foregoing is located, all operations conducted on such site and allpremises used for such operations;

g. “nuclear reactor” means any apparatus designed or used to sustain nuclear fission in a self-supportingchain reaction or to contain a critical mass of fissionable material;

h. injury to or destruction of property includes all forms of radioactive contamination of property.

V. DEFINITIONS

The following Definitions apply to this Policy:

A. Controlling Underlying Policy means the policy described in Item 5 of the Declarations of this Policy.

EFF.COV.001 (03/11) Page 4 of 6

B. Underlying Policies means each of the policies that are scheduled in the Schedule of Underlying Policies inItem 4 of the Declarations of this Policy and any other applicable underlying insurance, including any self-insured retentions or retained limits.

VI. CONDITIONS

A. CONSENT TO JURISDICTION

1. The Insurer, at the request of the Insured, will submit to the jurisdiction of a Court of competent jurisdictionwithin the United States. Nothing in this clause constitutes or should be understood to constitute a waiverof the Insurer’s right to commence an action in any Court of competent jurisdiction of the United States, toremove an action to a United States District Court, or to seek a transfer of a case to another Court aspermitted by the laws of the United States or of any State in the United States. It is further agreed thatservice of process in such suit may be made upon the party named in Item 7 of the Declarations of thisPolicy, and that in any suit instituted against the Insurer to effectuate arbitration or to enforce any awardentered in such arbitration, the Insurer will abide by the final decision of such Court or of any AppellateCourt in the event of an appeal.

2. The party named in Item 7 of the Declarations of this Policy is authorized and directed to accept service ofprocess on behalf of the Insurer in any suit or action within the scope of this Condition A. or upon therequest of the Insured to give a written undertaking to the Insured that such party will enter a generalappearance on the Insured’s behalf in the event such a suit shall be instituted.

3. Further, pursuant to any statute of any state, territory or district of the United States which makesprovision therefore, the Insurer hereby designates the Superintendent, Commissioner or Director ofInsurance or other officer specified for that purpose in the statute, or his successor or successors in office,as its true and lawful attorney upon whom may be served any lawful process in, any suit or action by theInsured within the scope of this Condition A., and hereby designates the party named in Item 7 of theDeclarations of this Policy as the person to whom the said officer is authorized to mail such process or atrue copy thereof.

B. CANCELLATION CLAUSE

1. This policy may be cancelled by the first Named Insured stated in Item 1 of the Declarations either bymailing or delivering advance written notice to the Insurer stating where the cancellation is to takeeffect. This policy may be cancelled by the Insurer by mailing to such first Named Insured at the addressshown in Item 1 of the Declarations, written notice stating when, not less than thirty (30) daysthereafter, ten (10) days thereafter if cancellation is for non-payment of premium, such cancellation is totake effect. Proof of mailing of notice of cancellation shall be sufficient proof of notice and the effectivedate of cancellation stated in the notice will become the end of the policy period. Delivery of writtennotice either by the first Named Insured or by the Insurer shall be equivalent to mailing. If the firstNamed Insured cancels, earned premium will be computed in accordance with the customary short-ratetable and procedure, but the Insurer will always be entitled to receive or keep the Minimum Premiumamount stated in Item 6. of the Declarations. If the Insurer cancels, earned premium will be computedpro rata based on the time this policy was in force.

2. Premium adjustment may be made at the time of cancellation or as soon as practicable thereafter, butthe cancellation will be effective even if the Insurer has not made or offered any refund due. TheInsurer’s or its representative’s check, mailed or delivered to the first Named Insured, will be sufficienttender of any refund due.

3. The first Named Insured stated in Item 1 of the Declarations will act on behalf of all other Insureds withrespect to the giving and receiving of notice of cancellation and the receipt of any refund that maybecome payable under this policy.

EFF.COV.001 (03/11) Page 5 of 6

C. ASSISTANCE AND COOPERATION

1. The Insurer shall have the right but not the duty to assume charge of the defense or settlement of anyclaim or suit against the Insured to which this Policy may apply upon exhaustion of the applicable limits ofliability of the Underlying Policies. If the Insurer has exercised such right, it may withdraw from thedefense and tender the defense to the Insured upon exhaustion of the applicable limits of liability underthis Policy. If the Insurer does not exercise the right to assume charge of such defense or settlement, or ifthe applicable limits of liability of the Underlying Policies are not exhausted, the Insurer shall have theright and shall be given the opportunity to associate effectively with the Insured or the underlying insureror both in the defense and control of any claim or suit likely to involve this Policy. In such events, theInsured, the underlying insurer and the Insurer shall cooperate in the defense of such claim or suit.

2. The Insured shall not, except at its own expense, settle any claim or suit or incur any defense costsfor any an amount to which this Policy applies without the Insurer’s written consent.

D. APPEALS

If the Insured or the Insured’s underlying insurers do not appeal a judgment in excess of the total applicablelimits of Underlying Insurance, the Insurer may elect to do so. If the Insurer appeals, it will be liable, in additionto the applicable Limits of Insurance of this policy, for all court costs, expenses incurred and interest on thatamount of any judgment which does not exceed the applicable Limits of Liability of this Policy incidental to suchan appeal.

E. CHANGES IN CONTROLLED UNDERLYING POLICY

If during the Policy Period of this Policy, the terms, conditions, exclusions or limitations of the ControllingUnderlying Policy are changed in any manner from those in effect on the Inception Date of this Policy, theInsured shall, as a condition precedent to its rights under this Policy, give to the Insurer as soon as practicablewritten notice of the full particulars thereof. This Policy shall become subject to any such changes upon theeffective date of the changes in the Controlling Underlying Policy, but only upon the condition that the Insureragrees to follow such changes in writing, and the Insured agrees to any additional premium or amendment ofthe provisions of this Policy required by the Insurer relating to such changes. Further, such change in coverageis conditioned upon the Insured’s payment when due of any such additional premium required by the Insurerrelating to such changes.

F. MAINTENANCE OF UNDERLYING INSURANCE

While this Policy is in effect, the Insured agrees to maintain the Underlying Policies in full force and effect. TheInsured’s failure, or the failure of others, to comply with this Condition F. will not invalidate this Policy, but in theevent of such failure, the Insurer will only be liable to the same extent as if there had been compliance.

G. PAYMENT OF PREMIUM

The first Named Insured listed in Item 1 of the Declarations of this Policy shall be responsible for and act onbehalf of all Insureds with respect to the payment of any premiums due under this Policy.

H. REQUIRED NOTICES TO INSURER BY INSURED

1. Notice of Occurrence, Offense, Claim or Suit

a. The Insured shall, as a condition precedent to the obligations of the Insurer under this Policy, givewritten notice as soon as practicable to the Insurer of any occurrence, offense, claim or suit likely toinvolve this Policy.

b. Without limiting the requirements of a. above, the Named Insured shall separately, and as soon aspracticable, give written notice to the Insurer when a payment is made or reserve established for anyoccurrence, offense, claim or suit which has brought the total of all payments and reserves by theInsured or underlying insurers to a level of twenty-five percent (25%) or more of the aggregate limits ofthe Underlying Policies.

EFF.COV.001 (03/11) Page 6 of 6

2. Notice Regarding Underlying Policies

The Insured shall, as a condition precedent to the obligations of the Insurer under this Policy, give writtennotice to the Insurer of the following events as soon as practicable but in no event later than thirty (30)days after an Insured has become aware of the event:

a. Any Underlying Policy being cancelled or non-renewed or otherwise ceasing to be in effect, or beinguncollectible in whole or in part; or

b. Any underlying insurer being subject to a receivership, liquidation, dissolution, rehabilitation or anysimilar proceeding or being taken over by any regulatory authority.

3. Notice Regarding Material Change

The Insured shall, as a condition precedent to the obligations of the Insurer under this Policy, give writtennotice to the Insurer of the following events as soon as practicable but in no event later than thirty (30)days after an Insured has become aware of the event that the Named Insured is consolidating with ormerging with or into, or transferring all or substantially all of its assets to, or acquiring or beingacquired by any natural person or entity or group of natural persons and/or entities acting in concert.

With respect to the Notice required in Paragraphs 1, 2 and 3 of this Condition H., notice to an underlying insurershall not constitute notice to the Insurer of this Policy. Notice under this Condition H. shall be given to theInsurer at the appropriate address set forth in Item 7 of the Declarations of this Policy.

I. RESTRICTIVE AS UNDERLYING

Notwithstanding any provision to the contrary in this Policy, including, without limitation, the Coverageprovisions in Section I of this Policy, if any Underlying Policy with limits of liability in excess of theControlling Underlying Policy but underlying to this Policy (the “Intervening Policy”) contains warranties,terms, conditions, exclusions or limitations more restrictive than the Controlling Underlying Policy,whether on the effective date of this Policy or at any time during the Policy Period of this Policy, then thisPolicy shall be deemed to follow those more restrictive warranties, terms, conditions, exclusions orlimitations of the Intervening Policy.

J. UNIMPAIRED UNDERLYING LIMITS OF LIABILITY

The Insured warrants that the aggregate limits of liability of the Underlying Policies, as shown in theSchedule of Underlying Policies, shall be unimpaired as of the effective date of this Policy. In the eventsuch underlying aggregate limits of liability are impaired as of the effective date of this Policy, this Policyshall apply as if such aggregate limits of liability were unimpaired. In the event of non-concurrent policyperiods between this Policy and Underlying Policies, only occurrences or claims that would be coveredduring the Policy Period of this Policy shall be considered in determining the extent of any reduction orexhaustion of the underlying aggregate limits of liability, and the Insured shall retain liability for anyresulting gap in coverage.

IN WITNESS WHEREOF, the Insurer has caused this Policy to be signed by its duly authorized officer.

Ironshore Indemnity Inc. by:

Secretary President

EFF.END.001 (06/10) Includes copyrighted material of Insurance Services Office, Inc. with its permission. Page 1 of 1




Endorsement # 1

Policy Number: 002058500 Effective Date of Endorsement: September 1, 2014Insured Name: Distinguished Properties Umbrella Managers, Inc.


SCHEDULE OF UNDERLYING INSURANCE

CONTROLLING UNDERLYING POLICIES APPLICABLE LIMITS OF LIABILITY

Coverage: Umbrella Liability - Real Estate

Insurer: Great American Insurance Company

Policy No:. UM 3305282

Policy Period: 9/1/2014 – 9/1/2016

Defense Expenses are in addition to the Limit

Excess of Various Underlying Insurance

$ 10,000,000 Each Occurrence

$ 10,000,000 Aggregate, where applicable


Coverage: Umbrella Liability – Non for Profit Museums



Policy Period: 9/1/2014 – 9/1/2016



$10,000,000 - Each Occurrence

$10,000,000 – General Aggregate, where applicable

$10,000,000 – Products/Complete Operations


Coverage: Umbrella Liability – For Profit Museums






Policy Period: 9/1/2014 – 9/1/2016




ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS OF THIS POLICY REMAIN UNCHANGED.

________________________________________ July 2, 2014Authorized Representative Date





Endorsement # 2



NAMED INSURED ENDORSEMENT

In consideration of the premium charged, it is understood and agreed that Item 1., NAMED INSURED of the COMMERCIALEXCESS LIABILITY POLICY DECLARATIONS is amended to include:

All members of the Distinguished Properties Umbrella Managers, Inc. Risk Purchasing Group, as scheduled on the individualceritificate of coverage and of the schedule of named insureds attached thereto.







Endorsement # 3



CLAIMS NOTIFICATION



Send all claim notifications and information to:

YORK Claims Service, Inc.

99 Cherry Hill Road, Suite 102Parsippany, New Jersey 07054Attn: Jenai A. Russell, ManagerFax: (973) 404-9034Telephone: 1-866-391-9675 (YORK)E-Mail: [email protected]: www.york-claims.com

YORK Client Code for Ironshore Casualty: 4068

Key Contacts:

Jenai A. Russell

Manager, YORK Claims Intake CenterTelephone: (973) 404-1155E-Mail: [email protected]

Diane De Cristo

Director, Client ServicesTelephone: (908) 595-0248E-Mail: [email protected]

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.






Endorsement # 4



PRO-RATA CANCELLATION ENDORSEMENT

It is hereby agreed that the following paragraph is added to SECTION VI., CONDITIONS, subparagraph B., CANCELLATION ofthis Policy:

Notwithstanding the foregoing, in the event that during the Policy Period a financial strength rating lower than A-is issued by AM Best Co., for the Company this Policy may be cancelled by the Named Insured by surrender thereofto the Company or any of its authorized agents or by mailing to the Company written notice stating whenthereafter the cancellation shall be effective. Furthermore, if such notice is provided to the Company within 30days of the Issuance of such financial strength rating the Company shall calculate the return premium on a pro-ratabasis without the application of a minimum earned premium provision or short rate penalty.







Endorsement # 5



AMENDMENT OF CONDITIONS

It is agreed that in SECTION VI., CONDITIONS, Items E. and H. are deleted in their entirety and replaced by the following:

E. CHANGES IN CONTROLLED UNDERLYING POLICY

If during the Policy Period of this Policy, the terms, conditions, exclusions or limitations of the ControllingUnderlying Policy are changed in any manner from those in effect on the Inception Date of this Policy, theInsured shall give to the Insurer as soon as practicable written notice of the full particulars thereof. This Policyshall become subject to any such changes upon the effective date of the changes in the ControllingUnderlying Policy, but only upon the condition that the Insurer agrees to follow such changes in writing, andthe Insured agrees to any additional premium or amendment of the provisions of this Policy required by theInsurer relating to such changes. Further, such change in coverage is conditioned upon the Insured’s paymentwhen due of any such additional premium required by the Insurer relating to such changes.

H. REQUIRED NOTICES TO INSURER BY INSURED

1. Notice of Occurrence, Offense, Claim or Suit

a. The Insured shall give written notice as soon as practicable to the Insurer of any occurrence, offense,claim or suit likely to involve this Policy.

b. Without limiting the requirements of a. above, the Named Insured shall separately, and as soon aspracticable, give written notice to the Insurer when a payment is made or reserve established for anyoccurrence, offense, claim or suit which has brought the total of all payments and reserves by theInsured or underlying insurers to a level of twenty-five percent (25%) or more of the aggregate limitsof the Underlying Policies.

2. Notice Regarding Underlying Policies

The Insured shall give written notice to the Insurer of the following events as soon as practicable but in noevent later than thirty (30) days after an Insured has become aware of the event:

a. Any Underlying Policy being cancelled or non-renewed or otherwise ceasing to be in effect, or beinguncollectible in whole or in part; or

b. Any underlying insurer being subject to a receivership, liquidation, dissolution, rehabilitation or anysimilar proceeding or being taken over by any regulatory authority.


3. Notice Regarding Material Change

The Insured shall give written notice to the Insurer of the following events as soon as practicable but in noevent later than thirty (30) days after an Insured has become aware of the event that the Named Insuredis consolidating with or merging with or into, or transferring all or substantially all of its assets to, oracquiring or being acquired by any natural person or entity or group of natural persons and/or entitiesacting in concert.

With respect to the Notice required in Paragraphs 1, 2 and 3 of this Condition H., notice to an underlyinginsurer shall not constitute notice to the Insurer of this Policy. Notice under this Condition H. shall be givento the Insurer at the appropriate address set forth in Item 7 of the Declarations of this Policy.







Endorsement # 6



EMPLOYMENT PRACTICES LIABILITY ENDORSEMENT



It is agreed that Exclusion D., EMPLOYMENT-RELATED PRACTICES LIABILITY, is deleted from the policy.







Endorsement # 7



NOTICE OF CANCELLATION ENDORSEMENT

Section VI. CONDITIONS, Item B. CANCELLATION CLAUSE is deleted in its entirety and replaced by the following:

B. CANCELLATION CLAUSE

1. This policy may be cancelled by the first Named Insured stated in Item 1 of the Declarations eitherby mailing or delivering advance written notice to the Insurer stating where the cancellation is totake effect. This policy may be cancelled by the Insurer by mailing to such first Named Insured atthe address shown in Item 1 of the Declarations, written notice stating when, not less than sixty(60) days thereafter, ten (10) days thereafter if cancellation is for non-payment of premium, suchcancellation is to take effect. Proof of mailing of notice of cancellation shall be sufficient proof ofnotice and the effective date of cancellation stated in the notice will become the end of the policyperiod. Delivery of written notice either by the first Named Insured or by the Insurer shall beequivalent to mailing. If the first Named Insured cancels, earned premium will be computed inaccordance with the customary short-rate table and procedure, but the Insurer will always beentitled to receive or keep the Minimum Premium amount stated in Item 6. of the Declarations. Ifthe Insurer cancels, earned premium will be computed pro rata based on the time this policy was inforce.

2. Premium adjustment may be made at the time of cancellation or as soon as practicable thereafter,but the cancellation will be effective even if the Insurer has not made or offered any refund due.The Insurer’s or its representative’s check, mailed or delivered to the first Named Insured, will besufficient tender of any refund due.

3. The first Named Insured stated in Item 1 of the Declarations will act on behalf of all other Insuredswith respect to the giving and receiving of notice of cancellation and the receipt of any refund thatmay become payable under this policy.







Endorsement # 8



DISTINGUISHED PROPERTIES UMBRELLA MANAGERS, INC.PURCHASING GROUP GENERAL CHANGE ENDORSEMENT



A. Item 1. of the Declarations Page – Named Insured is amended to include the following:

A Named Insured is any person or organization:

a. that is an insured in the “controlling underlying insurance”; and

b. to whom a certificate of coverage for this policy has been issued by, and on file with, the DistinguishedProperties Umbrella Mangers, Inc. Purchasing Group

is an insured.

In no event will coverage provided by this policy be broader than the coverage provided by the “controllingunderlying insurance”.

B. Item 2. of the Declarations - Policy Period is amended to read as it does on the Certificate of Coverage issued to theinsured by the Producer shown in the Declarations. However, in no event with the “policy period” exceed 12 months.

C. Item 6. of the Declarations - Policy Premium is deleted and replaced by the following:

The premium shown in the Declarations is only a deposit premium for the “policy period”. The premium is adjustableat the rate shown on the individual Certificates of Insurance. Each habitational unit or 1,000 square feet of commercialreal estate area to be insured under this policy will constitute a single unit of exposure.

The first named insured is responsible for the payment of all premiums under this policy.



______________________________________ July 2, 2014Authorized Representative Date





Endorsement # 9



RISK PURCHASING GROUP ENDORSEMENT



Section II., LIMITS OF LIABILITY is amended to include the following additional provision:

Limits For Certificate of Coverage

The Limits of Insurance of this policy apply individually to each certificate of coverage issued to members of TheDistinguished Properties Umbrella Managers, Inc. Purchasing Group. Limits of Insurance shown on each certificateof coverage are the limits for that individual member only.

Section VI., CONDITIONS is amended to include the following additional condition:

Policy Period

It is agreed that the policy period shown on the individual certificate of coverage is the period that insurance is inforce for that individual certificate holder, regardless of the policy period of this policy: however, the expirationdate on the individual certificate of coverage shall not be a later date then the expiration date of this policy.

Amendments Attached to Certificate of Coverage

It is agreed that if any exclusions, restrictions or amendments of coverage are shown on the certificate of coverageissued to an individual “Insured,” that exclusion, restriction, or amendment shall be deemed part of this policy asrespects that individual “Insured”.



EFF.END.013 (06/10 ed) Includes copyrighted material of Insurance Services Office, Inc. with its permission. Page 1 of 1




Endorsement # 10



VIOLATION OF ECONOMIC OR TRADE SANCTIONS

This policy is amended as follows:

Section VI. CONDITIONS is amended to include the following additional condition:

Violation of Economic or Trade Sanctions

If coverage for a claim or “suit” under this policy is in violation of any United States of America’s economic or tradesanctions, laws, or regulations, including, but not limited to, sanctions, laws, and regulations administered and enforced bythe U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) then coverage for that claim or “suit” shall be nulland void.







Endorsement # 11



ACT OF TERRORISM RETENTION ENDORSEMENT

Solely with respect to any Act of Terrorism, this policy is amended as follows:

Section III., RETENTION, Paragraph A is amended to include the following Act of Terrorism Retained Limit:

3. As respects all liability arising out of an Act of Terrorism, an Act of Terrorism Retained Limit in theamount of $ 10,000,000 shall apply per occurrence.

The Act of Terrorism Retained Limit applies whether or not any available Underlying Policies or otherinsurance provide coverage to the Insured. If there are Underlying Policies or other insurance providingcoverage to the Insured, amounts received through such Underlying Policies or other insurance forpayment of liability arising out of the Act of Terrorism may be applied to reduce or exhaust the Act ofTerrorism Retained Limit. However, in no event will amounts received through such Underlying Policiesor other insurance for the payment of Defense Expenses reduce the Act of Terrorism Retained Limit.

Section V., DEFINITIONS, is amended to include the following additional definitions:

C. Act of Terrorism means:

1. any act which is verified or recognized by the United States Government as an act of terrorism,including a certified act of terrorism defined by Section 102. Definitions, of the Terrorism RiskInsurance Act of 2002 and any revisions, amendments, or extensions thereto; or

2. the use or threatened use of force or violence against person or property or commission of anact dangerous to human life or property or commission of an act that interferes with or disruptsan electronic or communication system undertaken by any person or group whether or notacting on behalf of or in connection with any organization, government, power, authority ormilitary force when the effect is to intimidate, coerce or harm a government, the civilianpopulation or any segment thereof or to disrupt any segment of the economy.

D. Defense Expenses means any payment allocated to a specific loss, claim or suit for its investigation,settlement or defense, including but not limited to:

1. Attorney’s fees and all other investigation, loss adjustment and litigation expenses;

2. Premiums on bonds to release attachments;

3. Premiums on appeal bonds required by law to appeal any claim or suit;


4. Costs taxed against the Insured in any claim or suit;

5. Pre-judgment interest awarded against the Insured;

6. Interest that accrues after entry of judgment.

E. Act of Terrorism Retained Limit means the amount to be borne by the Insured for liability arising out ofan Act of Terrorism before this policy applies.

It is understood and agreed that if any other endorsement to this policy excludes coverage for an Act of Terrorism arising inone or more specified countries, the provisions of such exclusion shall supersede this endorsement.







Endorsement # 12



POLICY CHANGES

POLICY NUMBER:

002058500

POLICY CHANGES EFFECTIVE:

September 01, 2014

NAMED INSURED:

Distinguished Properties Umbrella Managers, Inc.

COVERAGE PARTS AFFECTED:

COMMERCIAL EXCESS LIABILITY POLICY, Section III. RETENTION – Part B

CHANGES:

It is hereby understood that Section III RETENTION Part B of the Commercial Excess Liability Policy (EFF.COV.001(0311)) is amended to include the following:

3. Payments of amounts on account of occurrences, claims or loss that are subject to a sublimit that is less thanamount shown as the applicable limit of insurance the Underlying Great American Umbrella Policy.



EFF.MANU.001 Page 1 of 1




Endorsement # 13



CRISIS RESPONSE COVERAGE EXCLUSION

This policy is amended as follows:

This policy does not apply to:

1. Any liability, cost or expense arising out of any crisis response, crisis management, crisis management event, crisisresponse event, workplace violence, crisis event or any other similar coverage.

2. Any form of Accident, Accidental Death or Dismemberment coverage.



EFF.MANU.002 Page 1 of 1




Endorsement # 14



DIRECT AND OFFICERS LIABILITY EXCLUSION – (FOR PROFIT MUSEUMS)

It is hereby understood that Section IV EXCLUSIONS of the Commercial Excess Liability Policy (EFF.COV.001 (0311)) isamended to include the following:

DIRECTORS AND OFFICERS LIABILITY EXCLUSION – (For Profit Museums)

Any liability arising of or related in any way, either directly or indirectly, to any “wrongful act” of any director or officer ofany “Insured” in the discharge or performance of any duties as such a director or officer.

As used in this endorsement, “wrongful act” mean any actual or alleged error, misstatement, misleading statement, act, oromission, neglect, breach of duty by any director or officer in the discharge of any duty as a director or officer, or anymatter claimed against such a director or officer by reason of such director’s or officer’s being a director or officer of any“Insured”.







Endorsement # 15



POLICY CHANGES

POLICY NUMBER:

002058500


September 01, 2014

NAMED INSURED:


CHANGES:

It is hereby understood that Endorsement # 1 (EFF.END.001) – Schedule of Underlying is deleted and replacedby Endorsement # 16 (EFF.END.001) – Schedule of Underlying Insurance


________________________________________ August 12, 2014Authorized Representative Date





Endorsement # 16



SCHEDULE OF UNDERLYING INSURANCE


Coverage: Umbrella Liability - Real Estate



Policy Period: 9/1/2014 – 9/1/2016



$ 10,000,000 Each Occurrence

$ 10,000,000 Aggregate, where applicable



Coverage: Umbrella Liability – Non for Profit Museums



Policy Period: 9/1/2014 – 9/1/2016







Coverage: Umbrella Liability – For Profit Museums






Policy Period: 9/1/2014 – 9/1/2016





________________________________________ August 12, 2014Authorized Representative Date


IRONSHORE INDEMNITY, INC.(A Stock Company)Mailing Address:

PO Box 3407New York, NY 10008

(877) IRON411

Endorsement # 18



POLICY CHANGES

POLICY NUMBER:

001386500


September 01, 2012

NAMED INSURED:


COVERAGE PARTS AFFECTED:


CHANGES:

It is understood and agreed that Endorsement #12 EFF.MANU.001 listed the the Schedule of Endorsement form#EFF.DEC.001 (0509) is amended to read:

12. EFF.END.002 (06/10) Policy Changes – Non Drop-Down Endorsement


________________________________________ February 7, 2013Authorized Representative Date

CERTIFICATE OF COVERAGE UMBRELLA AND EXCESS...

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