HODGES LACY & ASSOCIATES, LLC - 2014

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RLI Insurance Company 9025 North Lindbergh Drive Peoria, Illinois 6161.5-1431 Attention: Claim Department Facsimile: (866) 692-6796 E-mail: new,claim@rlicorp.coin All other notices to the Insurer under this Policy shall be given to the same addressee but to the attention of the Underwriting Department. Notice given as described above shall be deemed to be received and effective upon actual receipt thereof by the addressee or one day following the date such notice was sent, whichever is earlier. e. If the Insured becomes aware of a Circumstance for which this Policy may apply, and if during the Policy Period, or the Automatic Extended Reporting Period, or if applicable, during the Extended Reporting Period, the Insured gives prompt written notice, containing details of: (i) the alleged Circumstance and implicated Professional Services; and (ii) the specific nature and extent of the injury or damage which has been sustained; and (iii) how the Insured first became aware of such Circumstance; then any Claim that may subsequently be made against the Insured arising out of such Circumstance shall be deemed to have been made on the date first written notice of the Circumstance was received by the Insurer. If the Policy expires, is cancelled or is nonrenewed and if no Extended Reporting Period is purchased, the right to give notice of a Circumstance as conferred upon the Insured in this Paragraph shall terminate at the end of the Automatic Extended Reporting Period, If an Extended Reporting Period is purchased, the right to give notice of a Circumstance as conferred upon the Insured in this Paragraph shall terminate no later than the last day of the Extended Reporting Period. This Policy shall ten-ninate at the earliest of the following tunes: a. the effective date of termination specified in a prior written notice by the Named Insured to the Insurer, b. ten (10) days after the receipt by the Named Insured of a written notice of termination from the Insurer based upon failure to pay premium due, unless such premium is received by the Insurer prior to such tenth (10th) day; c. at such other time as may be agreed upon by the Insurer and the Named Insured; or d. upon expiration of the Policy Period as set forth in Item 2. of the Declarations of this Policy. The Insurer shall refund the unearned premium computed at customary short rates if this Policy is terminated by the Named Insured. Under any other circumstances-, including, if the Policy is cancelled by the Named Insured due to the closing or sale of the Named Insured's business or the death of the sole proprietor where the Named Insured is a sole proprietorship, the refund shall be computed pro rata. Payment or tender of any unearned premium by the Insurer shall not be a condition precedent to the effectiveness of such termination, but such payment shall be made as soon as practicable. If the Policy expires, is cancelled or nonrenewed for any reason other than nonpayment of premium, the Named Insured: a. shall be entitled to a sixty (60) day Automatic Extended Reporting Period for no additional pren-Jurn. This extension shall apply to any Claim first made against an Insured during the Policy Period and first reported to the Insurer, in writing during the sixty (60) days immediately following the effective date Of Such expiration, cancellation or nonrenewal; HODGES LACE' & ASSOCIATES, LLC A-.2014-037 REVIEWED BY� EUMCE HEREDIA (PG '15 OF 24) RTP 101 (09111) Page 7 of 10 Insured