that in case of any payment hereunder, the Reinsurer will act in concert with all other interests (including the Reinsured) concerned, in the exercise of such rights of recovery. The apportioning of any amounts which may be so recovered shall follow the principle that any interests (including the Reinsured) that shall have paid an amount over and above any payment hereunder, shall first be reimbursed up to the amount paid by them; the Reinsurer is then to be reimbursed out of any balance that remaining up to the amount paid hereunder and if there by any other insurer or reinsurer whose policies contribute with that of the Reinsurer, the Reinsurer will share pro-rata with such other insurer or reinsurer until all have been fully reimbursed; lastly, the interests (including the Reinsured) of whom this coverage is in excess are entitled to claim the residue, if any. Expenses necessary to the recovery of any such amounts shall be apportioned between the interests (including the Reinsured) concerned, in the ratio of their respective recoveries as finally settled.

BANKRUPTCY AND INSOLVENCY

In the event of the bankruptcy or insolvency of the Reinsured or any entity comprising the Reinsured,

IN WITNESS WHEREOF, GENERAL REINSURANCE CORPORATION has caused this Certificate to be executed this day of June 1967.

GENERAL REINSURANCE CORPORATION

Vice President

Assistant Secretary