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DocuSign Envelope ID:8B670D51-A7FD-4694-8E94-963553021305 <br /> MANAGEMENT LIABILITY COVERAGE - NON-PROFIT <br /> MANAGEMENT & PROFESSIONAL LIABILITY POLICY <br /> ADDITIONAL EXCLUSIONS <br /> Prior Or Pending Litigation—Reimbursement Coverage <br /> For "loss" related to any "claim" based upon, arising out of, attributable to, resulting directly or <br /> indirectly from any written demand, suit, litigation, order, formal complaint, formal civil administrative <br /> or civil regulatory proceeding, judgment or arbitration proceeding against any "insured" occurring on or <br /> prior to the Prior Or Pending Litigation Date shown in Item 7. on the Declarations for Reimbursement <br /> Coverage, or any "interrelated wrongful act" that is part of or alleged in the aforementioned actions, <br /> with respect to Reimbursement Coverage. <br /> Professional Services <br /> For the portion of"loss" related to any service for a fee and pursuant to a written agreement provided <br /> by the "insured organization" or an "outside entity." <br /> Provided, however, this exclusion shall not apply to any "claim" against an "insured" to the extent such <br /> "claim" is for a "wrongful management liability act" in connection with the management or supervision <br /> of any division or "subsidiary" of the "insured organization" offering any of the aforementioned <br /> services. <br /> Securities <br /> For "loss" related to any "claim" based upon, arising out of, attributable to, resulting directly or <br /> indirectly from: <br /> a. The actual or alleged violation of any federal, state, municipal, agency or common law or any rules <br /> or regulations promulgated thereunder relating to securities (including any unit of a capital account) <br /> offered or issued by the "insured organization"; or <br /> b. Any actual or alleged purchase, sale or distribution of or offer, representation or agreement relating <br /> to securities (including any unit of a capital account) offered or issued by the "insured organization." <br /> MPL 0100 07 13 CUMIS Insurance Society, Inc. Page 7 of 7 <br />