# Endorsement Notice

**Policy Number:** CCU3967489  
**Effective Date of Endorsement:** May 21, 2016  
**Issued By:** QBE Insurance Corporation  
**Endorsement No:** 3  
**XS 70 70 09 11**

## SEVERAL LIABILITY NOTICE

This insurance is several and not joint and is limited solely to the extent of our individual participation in an insured's insurance. We are not responsible for the participation of any other insurer who for any reason does not satisfy all or part of its obligations, including any other insurer that may share a limit or participate in a layer of coverage.

All other terms and conditions of this Policy remain unchanged.