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cfc If you acquire an entity during the period of the policy whose annual revenue exceeds 20% of the company's annual revenue,as stated in its most recent annual financial statements, cover is automatically extended under this Policy to include the entity as a subsidiary for 45 days. We will consider providing cover for the acquired entity after the period of 45 days if: a. you give us full details of the entity within 45 days of its acquisition;and b. you accept any amendment to the terms and conditions of this Policy and agree to pay any additional premium required by us. In the event you do not comply with a.and b. above,cover will automatically terminate for the entity 45 days after the date of its acquisition. If we agree to cover the acquired entity we will issue a mergers and acquisitions endorsement noting the acquired entity has cover under this Policy. If no endorsement is issued cover will automatically terminate for the entity 45 days after the date of its acquisition Cover for any acquired entity is only provided under this Policy for any act, error or omission committed or alleged to have been committed on or after the date of its acquisition. No cover will be automatically provided under this Policy for any acquired entity: a. whose business activities are materially different from your business activities; b. that has been the subject of any lawsuit, disciplinary action or regulatory investigation in the 3 year period prior to its acquisition;or c. that has experienced a cyber event in the 3 years period prior to its acquisition, if you have purchased INSURING CLAUSES 2, 3, 4, 5, 6 or 9 and the cyber event cost more than the highest deductible of INSURING CLAUSES 2,3,4,5,6 or 9. 15. Run-off cover In the event you consolidate, merge with or are acquired by another entity during the period of the policy,then cover under this Policy will continue to apply but only in respect of any act, error or omission committed or alleged to have been committed prior to the effective date of the consolidation, merger or acquisition. 16. Newsubsidiaries If you create an entity during the period of the policy cover is automatically extended under this Policy to include the entity as a subsidiary for 45 days. We will consider providing cover for the created entity after the period of 45 days if: a. you give us full details of the entity within 45 days of its creation;and b. you accept any amendment to the terms and conditions of this Policy and agree to pay any additional premium required by us.