# CHOICE OF LAW ENDORSEMENT - IV, Continued

"Substantial relationship" means a relationship with one or more of the following indicia: the Insured's state of incorporation or principal place of business; the place where the claim is made or the court action seeking damages, is brought, or where the "bodily injury", "property damage", or "personal and advertising injury" occurred; the insurance company's state of domicile, incorporation, or principal place of business; or the state where the policy was issued.

All other terms and conditions of this Policy remain unchanged.

**Authorized Representative**

Date of Issuance: June 24, 2010
Page 3 of 3
103275(1109)
CHARTIS EXCESS LIMITED IS REGISTERED IN IRELAND AND REGULATED BY THE IRISH FINANCIAL SERVICES REGULATORY AUTHORITY.
REGISTERED OFFICE: 30 NORTH WALL QUAY, IFSC, DUBLIN 1, IRELAND. REGISTRATION NO. 279452