**FOLLOWING FORM POLICY ISSUANCE ENDORSEMENT**

It is hereby agreed between the Company and the Named Insured that:

1. Until such time as the Followed Policy has been issued and the Company confirms by Endorsement to this Policy its acceptance of the Followed Policy as provided subject to Paragraphs 2. and 3. below, the term "Followed Policy" as used in this Policy or any of its Endorsements shall mean the policy form, including all the warranties, insuring agreements, definitions, exclusions, limitations, terms and conditions therein along with all endorsements attached thereto (including the specimen endorsements as referenced therein and/or as attached) as specified in the binder:
   - (i) Binder Date: May 21, 2014
   - (ii) Reference No./Renewal of: XOO G27051169
   - (iii) Policy Period: May 21, 2014 – May 21, 2015
   - (iv) Renewal Policy Form No./Policy No.: XOO G2 73 80 03 7
   - (v) Issued to the Named Insured by: ACE Property & Casualty Insurance Company

2. Within thirty (30) days of final issuance of the Followed Policy identified in the binder specified in Paragraph 1 above, the Producer shall forward to the Company a true and correct copy of the Followed Policy, inclusive of all endorsements attached thereto.

3. If the Followed Policy, as finally issued, includes any warranties, insuring agreements, definitions, exclusions, limitations, terms or conditions, whether by means of the policy form(s) or endorsements attached thereto, that differ from those provided pursuant to the policy form(s) and endorsements described in the binder identified in paragraph 1. above (the "Different Terms"), this Policy will not be subject to or follow such Different Terms, unless the Company agrees to follow such Different Terms as evidenced by a written Endorsement attached to this Policy.

Upon review and acceptance of the finally issued Followed Policy by the Company, the Company shall issue an Endorsement to this Policy deleting this Endorsement in its entirety.

The terms, declarations, insuring agreements, definitions, exclusions and conditions of this Policy otherwise remain unchanged.

**XL INSURANCE (BERMUDA) LTD**

By: **Authorized Representative**

Date: June 24, 2014

Ref: XSBSF03-005.01

**XL**