Page 118 - Binder2

Inner Limits of Indemnity (if any) of Primary Policy:

GBP 10,000,000 any one occurrence and in the aggregate for Officials Indemnity

GBP 5,000,000 any one occurrence and in the aggregate for Libel and Slander

GBP 10,000,000 any one occurrence and in the aggregate for Land Charges

GBP 100,000 any one occurrence and in the aggregate for Public Health Act

ENDORSEMENTS APPLICABLE TO THIS POLICY

Line of Business

It is understood and agreed that this Policy applies only in respect of the Primary Policy for legal
liability in respect of Line of Business: Employers' Liability and Public/Products Liability

Underlying Inner Limits Step-Down - excluded where specified in this endorsement

This Policy will not apply to liability for Officials Indemnity, Libel and Slander, Land Charges, and
Public Health Act which are subject to an Inner Limit of Indemnity in the Public/Products Liability
Primary Policy as specified in the Schedule and as more fully defined in the Primary Policy.
In this respect only, Condition 3.10 is deleted and of no effect.

Coinsurance Memorandum

Clause 3 - Conditions

Notwithstanding anything herein to the contrary and in accordance with its General terms and
conditions the word insurer is deemed to mean the under noted insurance firms each for the
proportion set against their name. The proportion shown next to its stamp is deemed to mean
the proportion set down below. The lead insurer is duly authorised by the other firms to witness
this policy on their behalf.

Insurer Proportion (per cent)

QBE Insurance (Europe) Limited - lead insurer

QBE Casualty Syndicate 386

Total:100%

The liability of an insurer under this contract is several and not joint with other insurers party to
this contract. An insurer is liable only for the proportion of liability it has underwritten. An insurer is
not jointly liable for the proportion of liability underwritten by any other insurer. Nor is an insurer
otherwise responsible for any liability of any other insurer that may underwrite this contract.

In the case of a Lloyd’s syndicate, each member of the syndicate (rather than the syndicate itself)
is an insurer. Each member has underwritten a proportion of the total shown for the syndicate
(that total itself being the total of the proportions underwritten by all the members of the syndicate