<p>PERILS COVERED :&nbsp;&nbsp; &nbsp;<br />
==============</p>

<p>Fire and lightning, Earthquake, Typhoon, Flood, Extended Cover&nbsp;<br />
(Smoke, Explosion, Vehicle impact, Falling Aircraft), Riot, Strike and&nbsp;<br />
Malicious Damage, Broad Water Damage, Sprinkler Leakage, Landslide<br />
And Subsidence, Bursting and/or Overflowing of Water Tanks, Pipes and&nbsp;<br />
Other Apparatus.</p>

<p>SUPPLEMENTARY COVERS:<br />
=====================</p>

<p>(All limits are for 100% of the cover and this policy&#39;s share is 25.0% of these limits)</p>

<p>Machinery Breakdown<br />
--------------------</p>

<p>Insured Property - On Machinery of the insured (list to be submitted)</p>

<p>Limit &nbsp;of Ps 5,000,000.00 Annual Aggregate<br />
&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;<br />
Plate Glass Insurance&nbsp;<br />
---------------------</p>

<p>Against &quot;breakage&quot; of glass panels permanently installed at the&nbsp;<br />
name insured&#39;s declared premises due to any cause</p>

<p>Limit of Ps 2,000,000.00 Annual Aggregate</p>

<p>Comprehensive General Liability<br />
-------------------------------</p>

<p>Division 1 - Premises/Operations<br />
The named insured&#39;s ownership, maintenance or use of its<br />
business premises:</p>

<p>Limit of Liability : Ps 5,000,000.00 &nbsp;Combined Single Limit for Third Party Bodily Injury &amp; Property Damage any one occurrence and aggregate limit.&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;</p>

<p>Division II&nbsp;&nbsp; &nbsp;: &nbsp; Elevator<br />
The named insured&#39;s ownership, maintenance or used of all its elevator within the insured declared premises.</p>

<p>Extension of Cover:<br />
-------------------</p>

<p>Car Park Liability / Valet Parking Liability<br />
&nbsp;Ps &nbsp; &nbsp;500,000.00 per vehicle<br />
&nbsp;Ps 2,500,000.00 aggregate limit</p>

<p>Group Personal Accident&nbsp;<br />
Ps 250,000.00 - Annual aggregate for five (5) named person<br />
&nbsp; (Ps 50,000.00 A &amp; B &amp; Ps 5,000 MR)(covering five (5) Board of Directors and &nbsp;Admin. Staff)</p>

<p>DEDUCTIBLES : &nbsp;&nbsp; &nbsp;<br />
============</p>

<p>(All limits are for 100% of the cover, this policy&#39;s share is 25.0% of these limits)</p>

<p>Earthquake, Typhoon &amp; Flood &nbsp;<br />
- 2% of the actual cash value of the property affected at&nbsp;<br />
the time of loss for each claim or series of claims arising out of one occurrence.</p>

<p>Extended Coverage&nbsp;<br />
- 1% of the sum insured of the property affected item/s but not &nbsp;<br />
less than P1,000.00 nor more than P500,000.00&nbsp;</p>

<p>Riot, Strike &amp; Malicious Damage, Broad Water Damage, Sprinkler Leakage,&nbsp;<br />
Landslide and Subsidence, Bursting and/or overflowing of Water Tanks,&nbsp;<br />
Pipes and other Apparatus - Ps 25,000.00 each and every loss.</p>

<p>Machinery Breakdown&nbsp;<br />
- 5% of loss, minimum of Ps 50,000.00 each and every loss.</p>

<p>Plate Glass Insurance<br />
- Ps 10,000.00 for each and every loss.</p>

<p>Comprehensive General Liability -<br />
In respect of car park/valet parking liability claim/s<br />
- Ps 5,000.00 per vehicle each and every Third Party Claim</p>

<p>In respect of all other covered claim/s&nbsp;<br />
- 5% of each and every Third Party Claim, minimum of Ps 2,000.00</p>

<p>OTHER CONDITIONS :&nbsp;<br />
=================</p>

<p>Applicable to Property Damage</p>

<p>(All limit are for 100% of the cover, this policy&#39;s share is 25.0% of these limits)</p>

<p>- Act of Civil and Military Authority<br />
- All Other &nbsp;Contents - Ps 1,000,000.00<br />
- Alteration and Repairs Clause - Ps 1,000,000.00<br />
- Appraisement Clause - Ps 1,000,000.00<br />
- Appointed Loss Adjusters (Dela Merced Adjustment Corp.)<br />
- Average Relief Clause (90%)<br />
- Automatic Extension of Insurance (30 days subject to additional premium)<br />
- Automatic Increase Clause - limit of 10% of sum insured - &nbsp;60 days&nbsp;<br />
- Automatic Reinstatement of Sum Insured&nbsp;<br />
- Breach of Contract and Warranties&nbsp;<br />
- Broad Water Damage Endorsement<br />
- Bursting and/or Overflowing of Water Tanks, Apparatus and Pipes<br />
- Capital Additions Clause - limit of 10% of sum insured - &nbsp;60 days<br />
- Debris Removal Clause - Ps 1,000,000.00<br />
- Designation Clause<br />
- Documentary Stamps Advisory<br />
- Earthquake Fire / Earthquake Shock Endorsement<br />
- Electrical Fire Clause (deletion of Condition 8)<br />
- Extinguishment &amp; Mitigation Expense Clause - Ps 1,000,000.00<br />
- Expediting Expense Clause - Ps 1,000,000.00<br />
- Extended Coverage&nbsp;<br />
- Fire Extinguishing Appliances Warranty<br />
- Fire Brigade Charges - Ps 1,000,000.00 aggregate limit<br />
- Fire Fighting Expense - Ps 1,000,000.00 aggregate limit<br />
- Flood Endorsement<br />
- Mis description Clause<br />
- Mold and Fungi Endorsement<br />
- No Control Clause<br />
- Other Interest Clause<br />
- Outbuilding Clause - Ps 500,000.00<br />
- Privileges Granted<br />
- Property under Care, Custody and Control - Ps 500,000,00 aggregate limit<br />
- Property Damage Clarification Clause<br />
- Professional Fees - Ps 1,000,000.00 aggregate limit<br />
- Public Authorities<br />
- Reinstatement Value Endorsement<br />
- Restoration of Records (Ps 5,000.00 per doc/Ps 200,000.00 aggregate limit)<br />
- Riot, Strike and Malicious Damage Endorsement<br />
- Seepage Pollution and Contamination Exclusion Clause<br />
- Services Clause<br />
- Sprinkler Leakage Endorsement<br />
- Sue and Labor<br />
- Temporary Removal Clause - Ps 1,000,000.00 aggregate limit<br />
- Total Asbestos Exclusion Clause<br />
- Vehicle Load (P500,000.00)</p>

<p>Applicable to Comprehensive Gen. Liability<br />
==========================================</p>

<p>- Aggregate Limit Endorsement<br />
- Legal, Supplementary Cost Inclusive<br />
- War and Terrorism Exclusion Endorsement<br />
- Jurisdiction Clause (Philippines)</p>

<p>Applicable to All Sections<br />
==========================</p>

<p>- Clarification Agreement<br />
- War and Terrorism Exclusion Endorsement<br />
- Mold and Fungi Endorsement<br />
- Industries, Seepage, Pollution and Contamination Clause<br />
- Nuclear Exclusion Clause<br />
- Transmission &amp; Distribution Lines Exclusion<br />
- Political Risk Exclusion Endorsement<br />
- Electronic Data and Internet Endorsement<br />
- Radioactive Exclusion Clause<br />
- Total Asbestos Exclusion Clause<br />
- Premium Payment Clause</p>

<p>Additional Exclusion:<br />
=====================</p>

<p>In Respect of Plate Glass<br />
- Loss/Damage due to Fire and Explosion&nbsp;<br />
- Loss due to war, invasion, act of foreign enemy, hostilities (whether war be declared or not), Civil, war, revolution, insurrection or military unsurped power<br />
- Any loss/damage due to Scratches and other similar &quot;aesthetic damages&quot;</p>

<p>COMPREHENSIVE GENERAL LIABILITY</p>

<p>Notwithstanding anything stated to the contrary, this Policy does NOT cover :</p>

<p>1. &nbsp; &nbsp; Any legal liability whatsoever caused by convulsion of nature including, but not limited to earhquake, typhoon, flood, thunderstorms, rainshowers and other similar occurences.</p>

<p>2. &nbsp; &nbsp;PRODUCTS LIABILITY<br />
&nbsp; &nbsp; &nbsp; &nbsp;Bodily Injury or Property Damage caused by the nature, condition or quality of the Insured&#39;s Product after thay have ceased to be in the actual physical custody or under the control of the Insured.</p>

<p>3. &nbsp; &nbsp;PROFESSIONAL LIABILITY<br />
&nbsp; &nbsp; &nbsp; &nbsp;Claims arising out of a breach of the duty owed in a professional capacity by the Insured and/ or person whose breaches of such duty the Insured may be legally liable thereof . Consequently, it is hereby understood and agreed that the Insurer shall not be liable for claims in respect of :<br />
a. Any welfare, first aid or emergency treatment provided by the Insured on the Insured&#39;s promises;<br />
b. Bodily Injury or Property Damage occurring as a consequence of faulty or wrongful advice rendered by the Insured;<br />
c. Property Damage to any property or product for which the Insured provided any design, plan specification, formula and/ or pattern;&nbsp;<br />
d. The direct or indirect activities of the Insured acting as a consultant or professional adviser to render services or to provide design, plan specification, formula and/ or pattern;<br />
e. Bodily Injury and/ or Property Damage of any firm, group or interest:<br />
&nbsp; &nbsp; &nbsp;(i) &nbsp; owned, controlled or managed by the Insured, or<br />
&nbsp; &nbsp; &nbsp;(ii) &nbsp; which owns, controls or manages the Insured&#39; s business.</p>

<p>4. &nbsp; ABSOLUTE POLLUTION LIABILITY<br />
&nbsp; &nbsp; &nbsp; &nbsp;Bodily Injury or Property Damge arising out of the discharge, dispersal, release or escape of smoke, vapor, soot, fumes, acids, alkalis, toxic chemical, liquid or gases, waste materials or other irritants, contaminants or pollutants into or upon land, the atmosphere or any watercourse or body of water. The Insurer shall not be liable for any cost or expense arising out of any governmental demand or request that an Insured test for, assess, monitor, clean- up, remove, contain, treat, detoxify or neutralize any such irritants, contaminants or pollutants. The Insurer shall not have the duty to defend any claim or suit seeking to impose such cost, expense, liability for such damages, or any other relief.</p>

<p>5. &nbsp; RADIOACTIVE CONTAMINATION<br />
&nbsp; &nbsp; &nbsp; Any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from:<br />
a. &nbsp; Ionizing radiation or contaminationby radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel, and/ or<br />
b. &nbsp; The radioactive, toxic, explosive or other hazardous properties or any explosive nuclear assembly or nuclear component thereof ;<br />
c. &nbsp; Nuclear weapons materials.</p>

<p>For the purpose of this Exception only, combustion shall include any self- sustaining process of nuclear fission.</p>

<p>6. &nbsp; ASBESTOS<br />
&nbsp; &nbsp; &nbsp; Bodily Injury or Property Damage caused by or arising directly or indirectly out of or in connection with:<br />
a. &nbsp;Any mining, handling, processing, manufacture, sale, transport, distribution, storage or use of asbestos, asbestos product or asbestos contained in any product;<br />
b. &nbsp;Any installation, removal or treatment of asbestos materials.</p>

<p>7. &nbsp; FINES OR PENALTIES/ PUNITIVE/ EXEMPLARY DAMAGES<br />
&nbsp; &nbsp; &nbsp; Claims for fines or penalties imposed by statutes or regulations, and any punitive/ exemplary damages whatsoever.</p>

<p>8. &nbsp; WAR<br />
&nbsp; &nbsp; &nbsp; Any consequences of war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection or military or usurped power, terrorism and subversion.</p>

<p>9. &nbsp; EMPLOYER&#39;S LIABILITY<br />
&nbsp; &nbsp; &nbsp; Bodily Injury to any Employee in the service of the Insured or claiming compensation from the Insured under any workman&#39;s compensation law or similar legislation as a workman in the service of the subcontractor of the Insured.</p>

<p>10. &nbsp;CONTRACTUAL LIABILITY<br />
&nbsp; &nbsp; &nbsp; &nbsp;a. Any liability that may arise out of the non- performance, non- completion or delay in completion of any contract or agreement or the payment of penalty sum, fines, or liquidated damages;<br />
&nbsp; &nbsp; &nbsp; &nbsp;b. Any liability assumed by the Insured under any contract, warranty or agreement unless such liability would have attached to the Insured notwithstanding such contract, warranty, or agreement;<br />
&nbsp; &nbsp; &nbsp; &nbsp;c. &nbsp;Any liability assumed by the Insured under any contract, warranty or agreement by reason of waiver or limitation of the Insured&#39;s right of recovery against any other party.</p>

<p>11. &nbsp;INTENTIONAL ACT OF THE INSURED<br />
&nbsp; &nbsp; &nbsp; &nbsp;Bodily Injury or Property Damage expected or intended from the standpoint of the Insured.</p>

<p>12. &nbsp;LIABILITY FOR PROPERTY UNDER CARE, CUSTODY, CONTROL<br />
&nbsp; &nbsp; &nbsp; &nbsp;Property Damage to property owned or in the care, custody or legal control of the Insured, or property upon which the Insured is or has been working on.</p>

<p>13. &nbsp;AUTOMOBILE LIABILITY<br />
&nbsp; &nbsp; &nbsp; The ownership, possession, or use of any mechanically propelled vehicle, except the use within the Insured&#39;s premises of a vehicle which is not licensed for road use and which is not subject to compulsory insurance requirement, whether such insurance is effected or not.</p>

<p>14. &nbsp;WATERCRAFT, AIRCRAFT, OIL DRILLING PLATFORM<br />
&nbsp; &nbsp; &nbsp; &nbsp;Physical Damage to watercraft or aircraft and Bodily Injury or Property Damage caused by or arising directly or indirectly out of or in connection with:<br />
&nbsp; &nbsp; &nbsp; &nbsp;a. &nbsp;the ownership, existence, use, operation, loading or unloading by or on behalf of the Insured of&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;- any watercraft, aircraft, hovercraft, oil drilling platform or rig,<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;- any premises for the purpose of an airport or aircraft landing strip and all operations necessary or incidental thereto, or</p>

<p>&nbsp; &nbsp; &nbsp; &nbsp;b. &nbsp; The repair, maintenance, servicing of or installation work in or on any watercraft. aircraft or other aerial device, oil drilling platform or rig.</p>

<p>15. &nbsp;VIBRATION, REMOVAL OR WEAKENING OF SUPPORT<br />
&nbsp; &nbsp; &nbsp; &nbsp; Bodily Injury or Property Damage caused by or arising from damage to land, building, or other structures due to pile driving, subsidence or demolition, or resulting from the removal or weakening of support to such land, building or other structures, or claims arising in consequence of such damage.</p>

<p>16. &nbsp;PREGNANCY/ FETUS<br />
&nbsp; &nbsp; &nbsp;a. &nbsp;Any injury caused by products whose main function is to prevent, induce or sustain pregnancy,<br />
&nbsp; &nbsp; &nbsp;b. &nbsp;Abnormalities in pregnancy, injury to or anomalies of the ovum, embryo or fetus, congenital anomalies or diseases resulting from any product whatsoever.</p>

<p>All other terms &amp; conditions remain the same.&nbsp;</p>
