This endorsement, effective [date], forms part of Policy No. EY-8154-017.

Issued to [insured party], effective from the inception date of policy by the insurance company indicated below by an "X".

EMPLOYERS COMMERCIAL UNION ☐ AMERICAN EMPLOYERS INSURANCE COMPANY ☐ THE EMPLOYERS' FIRE INSURANCE COMPANY ☐ THE PENNSYLVANIA INSURANCE COMPANY

In the event of reduction or exhaustion of the aggregate limit or limits designated in the underlying policy or policies solely by payment of losses in respect to accidents or occurrences during the period of such underlying policy or policies, it is hereby agreed that such insurance as is afforded by this policy shall apply in excess of the reduced underlying limit or, if such limit is exhausted, shall apply as underlying insurance, notwithstanding anything to the contrary in the terms and conditions of this policy.

GEORGE DALZIEL
RESIDENT LICENSED AGENT
BY
E. B. [Name redacted] ATTORNEY
Authorized Representative

End. #2

G8010-4 (ECU) Part 1