1. asbestos;
2. exposure to asbestos;
3. any product containing asbestos.

To any loss, cost, or expense arising out of any governmental directive or request that you test for, monitor, clean up, remove, contain, treat or neutralize asbestos.

We shall have no duty or obligation to provide or pay for the investigation or defense of any loss, cost, expense, claim or suit excluded above.

D. Fines, penalties, punitive damages, exemplary damages, treble damages.

E. Nuclear Energy Liability exposures per the Nuclear Energy Exclusion in the Policy Jacket.

### SECTION III
#### DEFINITIONS

A. Pollutants means any noise, solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot fumes, acids, alkalies, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed.

B. Ultimate Net Loss means the amount of the principal sum, including defense costs, award or verdict actually paid or payable in cash in the settlement or satisfaction of claims for which the insured is liable, either by adjudication or compromise with the written consent of us, after making proper deduction for all recoveries and salvages.

### SECTION IV
#### CONDITIONS

A. Appeals

If you or any of your underlying insurers elect not to appeal a judgment in excess of the limits of insurance afforded by the underlying insurance, we may elect to appeal. Our limit of insurance shall not be increased because of the appeal, except that we will make the appeal at our cost and expense.

**Assignment**

Your interest in this policy may not be transferred to another, except by an endorsement issued by us which gives our consent. If you are adjudged bankrupt or insolvent or if you die this policy shall cover your legal representative, but only while acting within the scope of their duties as such.

C. Bankruptcy and Insolvency

Bankruptcy and insolvency of you, or your estate will not relieve us of our obligations under this policy.

D. Cancellation

This policy may be cancelled by you by mailing to us written notice stating when such cancellation shall be effective. This policy may be cancelled by us by mailing to you at your last known address, written notice stating when, not less than thirty (30) days thereafter, ten (10) days if cancellation is for non-payment of any unpaid portion of the premium, such cancellation shall be effective. The mailing of notice shall be sufficient proof of notice. The time of surrender or the effective date and hour of cancellation stated in the notice shall become the end of the policy period.

If you cancel, earned premium shall be computed in accordance with the customary short rate table and procedure. If we cancel, earned premium shall be computed pro-rata. Premium adjustment may be made at the time cancellation becomes effective. Our check or the check of our representative mailed to you shall be sufficient tender of any refund of premium due any insured.

E. Changes

This policy may be changed only by an endorsement issued to form a part of the policy, signed by our duly authorized representative.

F. Duties in the Event of Occurrence, Claim or Suit

You must see to it that we receive prompt written notice of an occurrence which may result in a claim. Notice should include:

1. how, when and where the occurrence took place;
2. the names and addresses of any injured persons and witnesses.

If a claim is made or suit brought against any insured, you must see to it that we receive prompt written notice of the claim or suit. You and any other involved insured must: