GOLDEN BAY DRYWALL, INC. (#2026264)

SSI GL 01 01 0123 Page 24 of 29 It is a condition of this provision that any counsel selected by the insured must meet the following minimum qualifications: a. Five years of civil litigation practice; b. Admission to the relevant state or federal bars; c. Pertinent trial experience; d. Specific experience in the subject area of the lawsuit; and e. Reasonable levels of available errors and omissions coverage. 15. Service of Suit The Company hereby designates the Superintendent, Commissioner, Director of Insurance, or other official specified for that purpose under the laws of the state or commonwealth wherein the policy is issued, as its true and lawful attorney upon whom may be served any lawful process in any action, “suit” or proceeding instituted by or on behalf of the Named Insured or any beneficiary hereunder arising out of this contract of insurance, and such Superintendent, Commissioner, Director of Insurance, or other official specified for that purpose under the laws of the state or commonwealth wherein the policy is issued, is hereby authorized and directed to accept service of process on our behalf in any such “claim” or “suit”. 16. Headings The headings sub-headings and titles of this policy are for descriptive and reference purposes only and are not to be deemed in any way to limit, modify or affect the terms and conditions of this policy. 17. Assignment of Interest This policy and any and all rights hereunder are not assignable without our express written consent. 18. Anti-Stacking The Limits of Liability set forth in the Declarations are the most that the Company will pay for any and all “occurrences”, “claim(s)” and/or “suits” to which this insurance applies, regardless of the number of insureds involved, occurrences, claims made, or policy(ies) issued to any insured(s) by us or any of our affiliated companies. If a “claim” or “suit” involves more than one “occurrence”, or Coverage Part hereunder, we will pay no more than the highest applicable Limit of Liability less than one Coverage Part applicable to one “occurrence”. In the event that we issue more than one policy to you or any insured hereunder, the only policy that will apply is the policy in effect on the date on which the “occurrence” causing the “bodily injury” or “property damage” alleged commences or first takes place, or the date on which the “occurrence” or offense alleged is committed (or is alleged to have first been committed) that causes the “personal or advertising injury”, whichever is earlier. Consistent with the Prior Work and Prior Products exclusion (x): a. If the injury or “damages” claimed in any “claim”, “suit” or proceeding are alleged to have resulted in whole or in part from “your work” or “your product” that was first performed or provided during the “policy period” of this policy, then subject to the provisions of this policy the only potentially applicable policy issued by us will be this policy, even if “your work” continued thereafter or “your product” was provided, in part following this policy. b. If “your work” was performed, or “your products” provided, in part during this policy and in part prior to this policy, any injuries or damages claimed or asserted to result therefrom shall be deemed to have taken place prior to the policy period of this policy. c. If this policy is a renewal of an immediately preceding policy or policies, then any injuries or damages claimed to arise from “your work” or “your product” performed or provided in part during this policy and during a preceding policy will be deemed for the purposes of coverage to have taken place entirely in the earliest policy period during which “your work” first commenced or is alleged to have first commenced, or “your product” was first provided or is alleged to have first been provided. No more than one policy issued by us will ever apply to any single “occurrence”, offense, “claim”, “suit”, or legal proceeding. 19. Right of Reimbursement of Defense Costs and Indemnity Payments We have the right of reimbursement of all “defense costs” we incur in defending any insured and any indemnity payments we make in connection with a “suit” or in connection with any “claim(s)” for which there is no coverage under this policy, regardless of whether the “claim(s)” or “suit” included allegations or damages that may have been potentially covered at the time of tender to us or not. This right of reimbursement extends to all “defense costs” paid by us for defense of causes of action and/or “damages” for which there is no coverage under this policy, and any related indemnity payments. Our right of reimbursement of such sums shall include prejudgment interest incurred by us from the date the payment(s) were made by us. 20. Cancellation a. The first Named Insured shown in the Declarations may cancel this policy by mailing or Docusign Envelope ID: C32ED128-E8C0-4517-B42B-471D21968944