# Page 2 of 2

## Condition 1: Maintenance of U.S. Derivatives Insurance (A) and (C) are replaced by the following:

- (A) You agree to maintain all Underlying Insurance and Other Quota Share Insurance but shall not replace such insurance but shall elect under this policy in the same manner as Underlying Insurance of Other Quota Share Insurance were available and collectible.
- (C) You agree to promptly notify Us if any Underlying Insurance or Other Quota Share Insurance is cancelled, terminated, or modified.

## Condition 2: Bankruptcy of Underlying or Derivatives Insurer (E) is replaced by the following:

- (E) Condition 3: Bankruptcy of U.S. Derivatives Insurer, is replaced by the following:
  - (a) In the event of insolvency of the insurer of insolvency of the Quota Share Insurer.
  - (b) All other terms and conditions of the policy remain unchanged.

## Condition 3: Bankruptcy of U.S. Derivatives Insurer

- (a) In the event of insolvency of the insurer of insolvency of the Quota Share Insurer.
- (b) All other terms and conditions of the policy remain unchanged.

## Limits of Insurance

- Each Occurrence: $5
- Aggregate: $50,000
- Share Insurance: $5
- Share Insurance: $5

## Schedule of Other Quota Share Insurance

- Company: (See Attached Endorsement #180001-1-65)
- Policy No.: 
- Expiration Date: 
- Renewal Date: 
- Claims Made
- Retroactive Date: 

## Condition 4: Quota Share Insurance

- (a) You agree to maintain all Underlying Insurance and Other Quota Share Insurance but shall not replace such insurance but not replace such insurance of any Underlying Insurance of Other Quota Share Insurance; the insurance of insurers of the bankruptcy of the Underlying Insurance of Other Quota Share Insurance is replaced by the following:
  - (i) In the event of insolvency of the insurer of insolvency of the Quota Share Insurer.
  - (ii) All other terms and conditions of the policy remain unchanged.