**Endorsement, effective from Policy No. E16-8154-011**

This endorsement, effective from the inception date of policy, is issued to:

**EFFECTIVE FROM INCEPTION DATE OF POLICY**

by the insurance company indicated below by an X.

- THE EMPLOYERS' LIABILITY ASSURANCE COMPANY LIMITED
- THE EMPLOYERS' FIRE INSURANCE COMPANY
- COMMERCIAL UNION INSURANCE COMPANY OF CANADA
- THE MATTHEWS INSURANCE COMPANY
- AMERICAN EMPLOYERS' INSURANCE COMPANY
- THE PENNSYLVANIA INSURANCE COMPANY

In the event of reduction or exhaustion of the aggregate limit or limits designated in the underlying policy or policies solely by payment of losses with respect to accidents or occurrences during the period of such underlying policy or policies, it is hereby agreed that such insurance as is afforded by this policy shall apply in excess of the reduced underlying limit or, if such limit is exhausted, shall apply as underlying insurance, notwithstanding anything to the contrary in the terms and conditions of this policy.

Countersigned: [Signature]
Authorized Representative

End. #3

G8010-3 Part 1