2014-402 Finance - Bridge II Sports - Outside Agency Performance Agreement $2,500

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COMMERCIAL EXCESS LIABILITY CX 00 0109 08 COMMERCIAL EXCESS LIABILITY COVERAGE FORM Various provisions in this policy restrict coverage When we have no duty to defend, we will have Read the entire policy carefully to determine rights, the right to defend, or to participate in the de- duties and what is and is not covered fense of, the insured against any other suit Throughout this policy the words "you" and "your" seeking damages for"injury or damage" refer to the Named Insured shown in the Declarations, However, we will have no duty to defend the and any other person or organization qualifying as a insured against any suit seeking damages for Named Insured under this policy The words "we", which insurance under this policy does not ap- "us" and "our" refer to the company providing this ply insurance The word "insured" means any person or At our discretion, we may investigate any organization qualifying as such under the "controlling "event"that may involve this insurance and set- underlying insurance" tle any resultant claim or suit, for which we Other words and phrases that appear in quotation have the duty to defend marks in this Coverage Part have special meaning But Refer to Section IV — Definitions Other words and phrases that are not defined under this Coverage Part (1) The amount we will pay for "ultimate net but defined in the "controlling underlying insurance" loss" is limited as described in Section II — will have the meaning described in the policy of"con- Limits Of Insurance, and trolling underlying insurance" (2) Our right and duty to defend ends when we The insurance provided under this Coverage Part will have used up the applicable limit of insur- follow the same provisions, exclusions and limitations ance in the payment of judgments or set- that are contained in the applicable"controlling under- tlements under this Coverage Part How- lying insurance", unless otherwise directed by this ever, if the policy of "controlling underlying insurance To the extent such provisions differ or insurance" specifies that limits are reduced conflict, the provisions of this Coverage Part will ap- by defense expenses, our right and duty to ply However, the coverage provided under this Cov- defend ends when we have used up the erage Part will not be broader than that provided by applicable limit of insurance in the payment the applicable"controlling underlying insurance" of defense expenses, judgments or settle- There may be more than one "controlling underlying ments under this Coverage Part insurance" listed in the Declarations and provisions in b This insurance applies to "injury or damage" those policies conflict, and which are not superseded that is subject to an applicable "retained limit" by the provisions of this Coverage Part In such a If any other limit, such as, a sublimit, is speci- case, the provisions, exclusions and limitations of the fied in the "controlling underlying insurance", "controlling underlying insurance" applicable to the this insurance does not apply to "injury or particular "event" for which a claim is made or suit is damage" arising out of that exposure unless brought will apply that limit is specified in the Declarations under SECTION I—COVERAGES the Schedule of "controlling underlying insur- ance" 1. Insuring Agreement c. If the "controlling underlying insurance" re- a We will pay on behalf of the insured the "ulti- quires, for a particular claim, that the "injury or mate net loss" in excess of the "retained limit" damage" occur during its policy period in order because of "injury or damage" to which insu- for that coverage to apply, then this insurance ance provided under this Coverage Part ap- will only apply to that "injury or damage" if it plies occurs during the policy period of this Cover- We will have the right and duty to defend the age Part If the "controlling underlying insur- insured against any suit seeking damages for ance" requires that the"event"causing the par- such "injury or damage" when the applicable ticular"injury or damage" takes place during its limits of"controlling underlying insurance" have policy period in order for that coverage to ap- been exhausted in accordance with the provi- ply, then this insurance will apply to the claim sions of such "controlling underlying insu- only if the "event" causing that "injury or dam- ance" age"takes place during the policy period of this Coverage Part CX 00 01 09 08 ©ISO Properties, Inc, 2007 Page 1 of 6 ❑