<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">IT IS HEREBY UNDERSTOOD AND AGREED, subject to the exceptions and conditions contained herein and of any endorsements hereon, notwithstanding what has been stated to the contrary, that:</span></p>

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<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">1.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">The Insurers will not indemnify the Insured in respect of loss, damage or liability directly or indirectly arising from any cause whatsoever occurring or already in existence prior to <u>November 2, 2017</u> or during any other period when this Policy was not in force.</span></p>

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<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">2.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">The Insurers are liable for making good any loss or damage to such an extent as cost involved and values of labor and materials are included in the sum insured.</span></p>

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<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">3.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">The Insurers shall not be liable under the Policy to indemnify the Insured for loss or damage arising out of earthquake unless the Insured proves that the earthquake risk was duly taken into account in the design in accordance with the latest edition of the National Structural Code for Building and that the qualities of materials and workmanship and the dimensions of which the calculations were based on were adhered to.</span></p>

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<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">4.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">All claims under the Policy shall be settled on the basis of the sum insured mentioned in the Schedule of the Policy unless the Insured has increased the sum insured up to the price level prevailing at the time of occurrence of the damage.</span></p>

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<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">5.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">If at the time of any loss, damage or liability covered by this Policy there shall be any other insurance covering such damage, effected by or on behalf of the Insured, the Insurers shall not be liable for more than their ratable proportion of such damage. If such other insurance is subject to any condition of advantage to the Insurers this Policy shall be subject to such conditions in like manner. The Insurers shall not be liable for the damage which is or would but for the existence of this Policy be insured by any Policy covering Marine, Fire and/or Explosion Risks.</span></p>

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<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">6.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">The Insurers will only indemnify the Insured with respect to Third Party for loss of or damage to existing underground cables and/or pipes or all other underground facilities if, prior to the commencement of works, the Insured has inquired with the relevant authorities of the exact position of such cables, pipes or other underground facilities.</span></p>

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<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">The indemnity shall in any case be restricted to the repair cost of such cables pipes or other underground facilities any consequential damage being excluded from the cover.</span></p>

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<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">7.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">In respect of Section II (Third Party Liability), this policy will not respond to any liability or damage arising out of or caused by the overflow, discharge or leakage of water or any form of liquid or contaminants.</span></p>
