**POLICY NO.:** UFP0044276-05  
**RENEWAL OF:** UFP0044276-04

determination in any such action or proceeding involving such other insurers shall have 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 Insurer has caused this Policy to be signed by its duly Authorized Representative.

**Authorized Representative**

**Date:** July 14, 2016  
**Title:** Senior Vice President  
**Underwriting Manager,**  
**Excess Casualty**

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BSF-03 (Ed. 3/14)