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by one natural person or entity, or in which the same group of natural persons or entities acting together are implicated, regardless of whether such act, casualty or event or series of acts, casualties or events was committed or occurred before or during the Policy Period. 3. Applicable to the Social Engineering Fraud Insuring Agreement: for all loss or losses resulting from any act, casualty or event, any series of related acts, casualties or events, or any act or series of acts committed by one natural person or entity, or in which the same group of natural persons or entities acting together are implicated, regardless of whether such act, casualty or event or series of acts, casualties or events was committed or occurred before or during the Policy Period. If a loss is covered under more than one Cyber Crime Insuring Agreement, the maximum amount payable under this Policy shall not exceed the largest applicable limit of insurance of any such Cyber Crime Insuring Agreement. The Insurer's total cumulative liability for all loss Discovered during the Policy Period shall not exceed the applicable Cyber Crime Aggregate Limit of Insurance asset forth in Item 4. of the Declarations. Such amount shall be part of and not in addition to the Maximum Policy Aggregate Limit of Insurance as stated in Item 3. of the Declarations. Each payment made under the terms of this endorsement shall reduce the unpaid portion of the applicable Cyber Crime Aggregate Limit of Insurance and the Maximum Policy Aggregate Limit of Insurance until they are exhausted. On exhausting the applicable Cyber Crime Aggregate Limit of Insurance by such payments the Insurer shall have no further liability for loss or losses regardless of when Discovered and whether or not previously reported to the Insurer; and the unpaid portion of the applicable Cyber Crime Aggregate Limit of Insurance and Maximum Policy Aggregate Limit of Insurance shall not be increased or reinstated by any recovery made and applied in accordance with Section XVIII. Recoveries (as amended in paragraph t7 of this endorsement). In the event that a loss of Securities is settled by indemnity in lieu of payment, then such loss shall not reduce the unpaid portion of the applicable Cyber Crime Aggregate Limit of Insurance or Maximum Policy Aggregate Limit of Insurance. 8. Section VII, RETENTION, is deleted and replaced with the following: A. The Insurer's liability under this Policy shall apply only to that part of each loss which is in excess of the applicable Retention set forth in item 4 of the Declarations for this Policy. B. If an Insured receives payment under another policy or bond, after applying a deductible or retention, for loss also covered hereunder, then the applicable Retention set forth in Item 4 of the declarations as amended by this endorsement shall be reduced by the deductible or retention previously applied to such loss. Notwithstanding the foregoing, if an Insured receives payment under another policy or bond, including but not limited to the Other Crime Policy, as set forth in paragraph 13., amended Section XIL, Other Insurance, of this endorsement, after applying a deductible or retention, for loss also covered hereunder, then the Retention set forth in Item 4 of the Declarations shall be reduced, up to the amount of such Retention, by the sum of: 1. the deductible or retention amount previously applied to such loss, and 2. any amount paid with respect to such loss under such other policy or bond. 9. Section VIII, NOTICE, is deleted and replaced with the following: Section VIII. NOTICE AND PROOF OF LOSS A. Knowledge possessed by any Insured or Discovery shall be deemed knowledge possessed by or Discovery by all Insureds. B. It is a condition precedent to coverage hereunder that, upon Discovery, the Name"ivna� t. give written notice to the Insurer as soon as practicable but in no event lat such Discovery; %656D&w66 R6klrLnu —'Om.Mde