collateral estoppel, res judicata or other issue preclusion or estoppel effect against the Company in such arbitration, irrespective of whether or not the Company remained a party to such action or proceeding).

IN WITNESS WHEREOF, the Company has caused this Policy to be signed by its Chief Executive Officer – Global Insurance.

**JACK KUHN**

Chief Executive Officer – Global Insurance

Page 10 of 10

BSF-03 Policy Form (Ed. 07/13)