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<br />---------,- <br /> <br />E&O Coverage <br />Insurer: Lexington Insurance Company <br />POlicy number: 7113473 <br />Policy term: 4/17/2007 - 4/17/2011 <br /> <br />(a) This certificate of insurance contains a summary of the policy <br />coverage and does not include all terms, conditions and exclusions <br />of the policy. The policy contains the full and complete agreement <br />with regard to coverage. In the event of any inconsistency between <br />this certificate of insurance and the policy, the policy language <br />shall control. <br /> <br />(b) The insured has a retention on each and every claim under the <br />policy. The retention has a minimum amount of $500,000 on each and <br />every claim and may increase based upon the amount of the loss. <br /> <br />(c) The insured has the right <br />of the policy effective date. <br />the policy for non-payment of <br /> <br />to cancel the policy within 10 d~ys <br />The insurer has the right to cancel <br />premium. <br /> <br />(d.) This is a claims made and reported policy of indemnity. <br /> <br />(e) After an aggregate $103,500,000 in claims has been paid under <br />the policy, no additional claims will be paid by the policy. <br />However, the Insured, in its sole discretion, may specify an amount <br />less than $103,500,000 on any certificate of insurance. <br /> <br />(f) The limits of liability may be reduced in the event of <br />non-payment of premium. <br /> <br />~317 <br /> <br />Serial #: 06821 <br /> <br />Page 2 <br />