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USCO0873025U Allianz ili 3. SAME BASIS AGGREGATE LIMIT -The Limit of Insurance shown in our Declarations as "aggregate" is the most we will pay under Coverage A for the sum of damages and Covered Pollution Cost or Expense. Our aggregate limit will apply only when a Primary Policy applies an aggregate limit, and will apply on the same basis as a Primary Policy. 4. POLICY PERIOD EXTENSIONS - The Limits of Insurance of this policy apply separatelyto each consecutive annual period and to any remaining period of less than twelve (12) months, starting with the beginning of the Policy Period shown in the Declarations. However, if we extend our Policy Period after this policy is issued, we will consider the additional period as part of the last preceding annual period for purposes of determining the Limits of Insurance. 5, SAME BASIS DEFENSE EXPENSES - if the limits of insurance of any Primary Policy or Other Insurance are reduced by defense expenses by the terms of that policy then any defense expense payments we make to defend any Insured or reimbursements we make to any Insured for defense expenses will reduce our applicable Limits of Insurance in the same manner. SECTION II. UMBRELLA LIABILITY - COVERAGE B A. COVERAGE B - INSURING AGREEMENT We will pay on behalf of any Insured those sums that any Insured: Becomes legally obligated to pay as damages because of Bodily Injury or Property Damage, but only if: (1) The Bodily Injury or Property Damage occurs during our Policy Period; (2) The Bodily Injury or Property Damage is caused by an Occurrence; and (3) Prior to the Policy Period, no Insured, and no Employee authorized by you to give or receive notice of an Occurrence or claim, knew that the Bodily Injury or Property Damage had occurred, in whole or in part. If such an Insured or authorized Employee knew, prior to the Policy Period, that the Bodily Injury or Property Damage occurred, then any continuation, change or resumption of such Bodily Injury or Property Damage during or after the Policy Period will be deemed to have been known prior to the Policy Period. However. under this subsection A.1.a.: (1 ) Bodily Injury or Property Damage which occurs during the Policy Period and was not, prior to the Policy Period known to have occurred by any Insured or by any Employee authorized by you to give or receive notice of an Occurrence or claim, includes any continuation, change or resumption of that Bodily Injury or Property Damage after the end of the Policy Period. (2) Bodily Injury or Property Damage will be deemed to have been known to have occurred at the earliest time when any Insured, or any Employee authorized by you to give or receive notice of an Occurrence or claim: (a) Reports all, or any part, of the Bodily Injury or Property Damage to us or any other insurer; (b) Receives a written or verbal demand or claim for damages because of the Bodily Injury or Property Damage; or (c) Becomes aware by any other means that Bodily Injury or Property Damage has occurred or has begun to occur. b. Becomes legally obligated to pay as damages because of Personal and Advertising Injury but only if: (1) Caused by an offense arising out of your business; and (2) The offense was committed during our Policy Period. The Policy Period for this policy may be comprised of more than one consecutive annual period. However, whether or not this policy of insurance applies to more than one consecutive annual period 5400 0619 Copyright 0 2033 Allianz Global Risks US Insurance Company. All rights reserved. Page 7 of 24