GOLDEN BAY DRYWALL, INC. (#2026264)

SSI GL 01 01 0123 Page 19 of 29 there is no other similar insurance available to that organization. However: a. Coverage under this provision is afforded only until the 90th calendar day after you acquire or form the organization or the end of the policy period, whichever is earlier; b. Coverage A does not apply to “bodily injury” or “property damage” that arises from an “occurrence” (or any “bodily injury” or “property damage” resulting from such an “occurrence”) that took place or commenced, in whole or in part, before you acquired or formed the organization; and c. Coverage B does not apply to “personal and advertising injury” arising out of an “occurrence” committed or alleged to have taken place in whole or in part before you acquired or formed the organization. No person or organization is an insured with respect to the conduct of any current or past partnership, joint venture or limited liability company that is not shown as a Named Insured in the Declarations. IV. LIMITS OF LIABILITY 1. The Limits of Liability shown in the Declarations and as set forth below fix the most we will pay under this policy regardless of the number of insureds, “occurrences”, “claims” made, or “suits” brought, or persons or organizations making claims or bringing “suits”. a. The General Aggregate Limit is the most we will pay for the sum of all: (1) “Damages” and “claim expenses” under Coverage A; (2) “damages” and “claim expenses” under Coverage B; and (3) medical expenses under Coverage C. b. Notwithstanding the foregoing General Aggregate Limits, the Products-Completed Operations Aggregate Limit is the most we will pay under Coverage A for the sum of all “damages” and “claim expenses” because of “bodily injury” and “property damage” included in the “products-completed operations hazard”. c. Subject to Paragraph 1a., above, the Personal and Advertising Injury Limit is the most we will pay under Coverage B for the sum of all “damages” and “claim expenses” because of all “personal and advertising injury” sustained by any one person or organization. d. Subject to Paragraphs 1a. or 1b. above, whichever applies, the Each Occurrence Limit is the most we will pay for the sum of all: (1) “damages” under Coverages A and B; (2) medical expenses under Coverage C because of all “bodily injury” or “property damage” arising out of any one “occurrence”; and (3) “claim expenses” because of all “bodily injury”, “property damage” and “personal or advertising injury” arising out of any one “occurrence”. e. Subject to Paragraph 1d. above, the Damage To Premises Rented To You Limit is the most we will pay under Coverage A for damages because of “property damage” to any one premises, while rented to you, or in the case of damage by fire, while rented to you or temporarily occupied by you with permission of the owner. f. Subject to paragraph 1d., above, the Medical Expense Limit is the most we will pay under Coverage C for all medical expenses because of “bodily injury” sustained by any one person. g. The coverage provided by this policy, all coverage parts, is subject to the $50,000.00 Independent Contractors/Subcontractors Sublimit (including “claim expense”, as provided in Exclusion “ak” of SECTION I), any sublimits reflected in the Declarations Pages of this policy, and any sublimits as provide by any endorsements made part of this policy. h. The Limits of Liability may also be reduced or exhausted if the Per Project Aggregate Limit identified in the Declarations or in any endorsement to this policy has been exhausted, or reduced beyond the amount specified in the Limits of Liability set forth in connection with Coverages A, B or C. 2. Condition Precedent Self-Insured Retention a. The total limit of liability of the Company as stated in the policy declarations shall apply in excess of the applicable Self-Insured Retention reflected in the Declarations or made part of this policy by Endorsement. The limits of insurance applicable to such coverages will not be reduced by the amount of such Self-Insured Retention. b. The Company’s obligations under this policy to any insured, including defense and indemnity, apply only to the amount in excess of the Self- Insured Retention, and satisfaction of the Self- Insured is a condition precedent to any of our obligations under this policy to any insured. A separate condition precedent Self-Insured Retention applies to each individual or Docusign Envelope ID: C32ED128-E8C0-4517-B42B-471D21968944