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<br />14-02-10356 (ed. 10/2004) Page 1 <br />ENDORSEMENT <br /> <br /><COVSECT> <br /> <br />Effective date of <br />this endorsement: <TRXEFFDATE> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Company: <CARRNAME> <br /> <br />Endorsement No. <EN> <br /> <br />To be attached to and <br />form a part of Policy No. <POLICYNO> <br /> <br />Issued to: <ACCTNAME> <br /> <br />__________________________________________________________________________________________ <br />___ <br /> <br />NORTH CAROLINA AMENDATORY ENDORSEMENT <br />TO THE GENERAL TERMS AND CONDITIONS SECTION <br /> <br />In consideration of the premium charged, it is agreed that: <br /> <br />1. Subsection 4. Extended Reporting Period of the General Terms and Conditions Section is amended to read as <br />follows: <br /> <br />“(a) If any Liability Coverage Section is either terminated or not renewed for any reason other than <br />nonpayment of premium, any Insured shall have the right to purchase an Extended Reporting Period <br />for the period set forth in Item 5(A) of the Declarations of these General Terms and Conditions, which <br />period shall be one (1) year or such other period of time as agreed upon by the Company and the <br />Insured. The Insured shall have the option of purchasing the Extended Reporting Period: <br /> <br />(i) with a limit of liability that is part of, and not in addition to, the Company's maximum <br />aggregate limit of liability for all Loss on account of all Claims first made during the <br />immediately preceding Policy Year; or <br /> <br />(ii) with a limit of liability that is equal to, and in addition to, the Company's maximum aggregate <br />limit of liability for all Loss on account of all Claims first made during the immediately <br />preceding Policy Year (the "reinstated limit"). <br /> <br />The right to purchase an Extended Reporting Period shall lapse unless written notice <br />of the desired Extended Reporting Period, together with payment of the additional <br />applicable premium due, is received by the Company within thirty (30) days after the <br />end of the Policy Period. Such notice must state if a reinstated limit of liability is <br />desired. If such notice does not state that a reinstated limit of liability is desired, the <br />limit of liability for the Extended Reporting Period shall be part of, and not in <br />addition to, the Company's maximum aggregate limit of liability for all Loss on <br />account of all Claims first made during the immediately preceding Policy Year. <br /> <br />(b) If the Extended Reporting Period is purchased, then coverage otherwise afforded by <br />such Liability Coverage Section will be extended to apply to Loss from Claims first <br />made during such Extended Reporting Period but only for Wrongful Acts committed <br />DocuSign Envelope ID: 010D91E2-5C66-4610-B0AF-F96D7E61B6C5