The Travelers Indemnity Company
Hartford, Connecticut

(A Stock Insurance Company, herein called the Company)

Agrees with the Insured, named in the Declarations made a part hereof, in consideration of the payment of the premium and in reliance upon the statements in the Declarations and subject to all the terms of the policy:

1. **Coverage**

To indemnify the Insured for a loss which is covered by the Excess Liability policies designated in Item 5 of the Declarations; but only in the event such loss exceeds the retained limit hereinafter defined.

2. **Limit of Liability - Retained Limit**

The Company shall be liable hereunder only for loss in excess of the total amount recoverable under the underlying policies described in Item 5 of the Declarations, and applicable primary insurance, the total resultant limit as described in the foregoing to be hereinafter called the "retained limit". Subject to the foregoing, the Company's limit of liability under this policy shall be as follows:

a. The limit of liability stated in Item 4 of the Declarations as applicable to each occurrence" is the total limit of liability for all damages as a result of one occurrence, and

b. Subject to the above provisions respecting each occurrence the limit of liability stated in Item 4 of the declarations as aggregate" is the total limit of the Company's liability for all damages, during the period of the policy.

3. **Payment of Costs.**

"Costs" incurred by the insured personally, with the written consent of the Company, and for which the Insured is not covered by the underlying insurers, shall be apportioned as follows:

Policy No. EX-3006262
Date of Issue: 6-13-67