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DocuSign Envelope ID:8B670D51-A7FD-4694-8E94-963553021305 <br /> TERMS, CONDITIONS AND OTHER PROVISIONS <br /> MANAGEMENT & PROFESSIONAL LIABILITY POLICY <br /> CONDITIONS <br /> Deductibles And Limits Of Liability - continued <br /> For each selected Additional Insured included in this Policy, as shown in Item 6. (A) on the <br /> Declarations, that is subject to an Annual Aggregate Sub-Limit Of Liability shown in Item 6. (B) on <br /> the Declarations, the Annual Aggregate Sub-Limit Of Liability shown in Item 6. (C) on the <br /> Declarations is the maximum amount the "insurance organization" shall be liable to pay, for all <br /> "loss" resulting from all "claims" first made during the "policy period" or, if elected, the Extended <br /> Reporting Period, for "claims" made against the applicable Additional Insured. Any Annual <br /> Aggregate Sub-Limit Of Liability for any Additional Insureds is part of and not in addition to the <br /> respective Coverage Annual Aggregate Limit Of Liability as shown in Item 3. (A) on the <br /> Declarations and any respective Enhanced Coverage as shown in Item 8. (A) on the Declarations. <br /> "Defense costs" shall be part of, and not in addition to any limit of liability shown on the <br /> Declarations, and "defense costs" shall reduce and may exhaust such limit of liability. <br /> If "loss" arising from a single "claim" is covered under more than one coverage or enhanced <br /> coverage made part of this Policy, the applicable limit of liability shall apply separately to each part <br /> of such "loss." <br /> The "insurance organization's" obligations for all "claims" first made during the "policy period" <br /> against the "insureds," under each coverage or enhanced coverage made part of this Policy shall <br /> cease once the applicable limit of liability has been exhausted by payment of"loss." <br /> Any limit of liability for the Extended Reporting Period, if elected, shall be part of, and not in <br /> addition to, the applicable limit of liability for the "policy period" immediately preceding the elected <br /> Extended Reporting Period. The purchase of the Extended Reporting Period shall not increase or <br /> reinstate any applicable limit of liability for the "policy period" immediately preceding the Extended <br /> Reporting Period. <br /> All limits of liability made part of this Policy apply separately to each consecutive annual period <br /> during the "policy period" and to any remaining period of less than 12 months, starting with the <br /> beginning of the "policy period," unless the "policy period" is extended after the first day of the <br /> "policy period" for an additional period of less than 12 months. In that case, the additional period <br /> will be deemed part of the last preceding period for purposes of determining the applicable limits. <br /> Defense And Settlements <br /> 1. The "insureds" agree not to settle or offer to settle any "claim," incur any "defense costs" or <br /> otherwise assume any contractual obligation, admit any liability, voluntarily make any payment or <br /> confess or otherwise agree to any damages or judgments with respect to any"claim" covered by this <br /> Policy without the "insurance organization's" written consent, that shall not be unreasonably <br /> withheld. The "insurance organization" shall not be liable for any "loss" based upon settlement, <br /> "defense costs," assumed obligation, admitted liability, voluntary payment, or confessed or agreed <br /> damages or judgment to that it has not consented. <br /> MPL 0002 07 13 CUMIS Insurance Society, Inc. Page 25 of 30 <br />