HODGES LACY & ASSOCIATES, LLC - 2014

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Policy Number: RTP0005593 Target Professional S T" Liability Policy RLI Insurance Company NOTICE: This Policy covers only those Claims first made against the Insured during the Policy Period and first reported to the Insurer during the Policy Period, the Automatic Extended Reporting Period, or if applicable, during the Extended Reporting Period. In consideration of the payment of the premium and reliance upon all statements made and information furnished to the Insurer, including the statements made in the Application and all attachments and materials submitted therewith and subject to all the provisions of this Policy, the Insurer agrees as follows: 1. INSURING AGREEMENTS a. The Insurer will pay on behalf of the Insured, Damages in excess of the Deductible and not exceeding the Limits of Liability shown on the Policy Declarations that the Insured shall become legally obligated to pay because of Claims first made against the Insured during the Policy Period and first reported to the Insurer during the Policy Period, the Autoniatic Extended Reporting Period, or if applicable, during the Extended Reporting Period, for Wrongful Acts to which this insurance applies. b. The Insurer will pay on behalf of the Insured, Damages in excess of the Deductible and not exceeding the Limits of Liability as described in Section 7. c. that the Insured shall become legally obligated to pay because of Claims alleging Third Party Discrimination first made against the Insured during the Policy Period and first reported to the Insurer during the Policy Period, the Automatic Extended Reporting Period, or if applicable, during the Extended Reporting Period. a. Reimbursement of Expenses The Insurer will reimburse the reasonable expenses incurred by the Insured, including loss of wages, if the Insured is required by the Insurer to attend arbitration or mediation proceedings, trials or hearings in defense of a Claim, in the amount of $250 per day for each Insured who attends such proceedings at the Insurer's request, subject to a maximum of 55,000 per Claim. Payments made pursuant to this provision shall be in addition to the Limits of Liability shown in the Policy Declarations. The Deductible amount stated in the Policy Declarations shall not apply to the payments made by the Insurer pursuant to this provision. b. Marital Estate Extension Subject otherwise to the terms hereof, this Policy shall cover Damages and Claim Expenses as a result of a Claim against the ].awful spouse or domestic partner (whether Such stature is derived by reason of statutory law, common law, or any other applicable law of any jurisdiction in the world) of the Insured for Claims arising solely out of his or her capacity as the spouse or domestic partner of the Insured, including such Claims that seek Damages recoverable from marital community property, property jointly held by the Insured and the spouse or domestic partner, or property transferred from the Insured to the spouse or domestic partner; provided, however, that this extension shall not afford coverage for Wrongful Acts of the spouse or domestic partner. All terms, conditions and other provisions of this Policy, including any provision(s) regarding the Deductible or the Limits of Liability, which would be applicable to Damages and Claim Expenses incurred by the Insured in such Claim, shall also apply to Damages and Claim Expenses incurred by the spouse or domestic partner in such Claim, 3. FULL PRIOR ACTS COVERAGE PROVISION Subject to all the terms and conditions of the Policy, this insurance shall apply to any Claim against the Insured for a Wrongful Act committed prior to the expiration date of this Policy or the effective date of cancellation or nonrenewal of this Policy, if applicable, provided that the Claim is first made against the insured during L, the Policy Period and first reported to the Insurer during the Policy Period or, the Automatic Extended Reporting Period, or if applicable, during the Extended Reporting Period, HODGES I_.ACEY & ASSOCIATES, Ll,,.0 A-2014-037 REVIEVVED BY-, Z,, EUNICE HEPEDIA (PG 9 OF 24.) RTP 101 (09/1.1) Page I of 10 Insured