2022-077-E-IT Dept-PUBLIC LIBRARY ASSOCIATION, a divison of the American Library Association-Digital learning

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DocuSign Envelope ID:24BBAFA9-CD81-4144-ACEF-E9036E703739 Protection Period means the period beginning on the date the Adverse Media Event occurs, and ends after the earlier of: 1. 180 days; or 2. the date that gross revenues are restored to the level they would have been but for the Adverse Media Event. Renewal means an insurance policy issued by the Underwriters to the Named Insured for the policy period immediately preceding this Policy Period that provides coverage for a Data Breach, Security Breach, or Extortion Threat otherwise covered under this Policy. Reputation Loss means: 1. the net profit or loss before interest and tax that the Insured Organization would have earned during the Protection Period but for an Adverse Media Event; and 2. continuing normal operating expenses incurred by the Insured Organization (including payroll), but only to the extent that such operating expenses must necessarily continue during the Protection Period. When calculating any Reputation Loss, due consideration will be given to any amounts made up during, or within a reasonable time after the end of, the Protection Period. Reputation Loss will not mean and no coverage will be available under this endorsement for any of the following: (i) loss arising out of any liability to any third party; (ii) legal costs or legal expenses of any type; (iii) loss incurred as a result of unfavorable business conditions; (iv) loss of market or any other consequential loss; (v) Breach Response Costs; or (vi) Cyber Extortion Loss; There will be no coverage available under this endorsement if there is an actual interruption of the Insured Organization's business operations for any period of time. 5. Limits of Liability under LIMIT OF LIABILITY AND COVERAGE is amended to include: Reputational Loss and Claims Preparation Costs covered under this Policy arising from an Adverse Media Event concerning any Data Breach, Security Breach, or Extortion Threat (including a series of related, repeated or continuing Data Breaches, Security Breaches, or Extortion Threats) first discovered during the last 90 days of the prior policy period, will be considered to have been noticed to the Underwriters during the prior policy period and will be subject to the Policy Aggregate Limit of Liability of the prior policy period. Under such circumstances, if the Policy Aggregate Limit of Liability of the prior policy period is exhausted due to payments made under the prior policy, the Underwriter's obligation to pay Reputational Loss or Claims Preparation Costs under this Policy shall be completely fulfilled and extinguished. E13040 Page 2 of 3 062019 ed.