GOLDEN BAY DRYWALL, INC. (#2026264)

SSI GL 01 01 0123 Page 25 of 29 delivering to us advance written notice of cancellation. b. We may cancel this policy by mailing or delivering to the first Named Insured written notice of cancellation at least: (1) Ten (10) calendar days before the effective date of cancellation if we cancel for non- payment of premium; or (2) Thirty (30) calendar days before the effective date of cancellation if we cancel for any other reason. c. We will mail or deliver our notice to the first Named Insured’s address shown in the declarations. d. Notice of cancellation will state the effective date of cancellation. The policy period will end on that date. e. If this policy is cancelled, we will send the first Named Insured any premium refund due as follows: (1) if we cancel, the refund will be pro rata; or (2) if the first Named Insured cancels, the refund may be less than pro rata and will be computed by the Company’s customary short-rate procedure. f. The cancellation will be effective even if we have not made or offered a refund. Notwithstanding the foregoing, if we have elected to audit the policy rate basis under the provisions of Section V (including paragraphs 10 and 11 respecting examination of your books and records), the first Named Insured agrees to pay the higher of: (1) the earned premium as computed by such audit; or (2) the earned premium as computed by such customary short-rate procedure of the minimum and deposit premium If the first Named Insured cancels, or as computed pro rata if we cancel. g. If notice is mailed, proof of mailing will be sufficient proof of notice. h. Compliance with State Laws. Notwithstanding the foregoing, we shall comply with any applicable state laws or regulations respecting the cancellation, non-renewal, or renewal of this policy, and related notice requirements, to the extent that they may be inconsistent with the foregoing provisions of this Paragraph 20. VI. DEFINITIONS 1. “Advertisement” means any commercial communication, including but not limited to commercial communication in print, broadcast, electronic or digital media, or the Internet, that is disseminated to the public about the products, services or operations of the insured for the purpose of promoting the sale of such products, services or operations. Regarding web sites, only that part of a web site that is about your goods, products or services for the purpose of attracting customers or supporters is considered an advertisement. 2. “Assault” means the apprehension of harmful or offensive contact between or among two or more persons by threat through words or deeds. 3. “Auto” means: a. a land motor vehicle, trailer or semi trailer, designed for travel on public roads, including any attached machinery or equipment; or b. any other land vehicle that is subject to a compulsory or financial responsibility law or other motor vehicle insurance law in the state where it is licensed or principally garaged. However, “auto” does not include “mobile equipment”. 4. “Battery” means the harmful or offensive contact between or among two or more persons by personal contact or by instrumentality. 5. “Bodily injury” means physical injury, sickness, disease or death sustained by a person that first happens or begins during the policy period. “Bodily injury” does not include mental anguish, emotional distress or emotional damages or injury(ies) of any kind. 6. “Claim(s)” means any facts that combine to give rise to a demand for something as a right or as due, a legally enforceable right or judicial action for payment of money, property, or enforcement of any right or relief provided by law, including but not limited to the following against the insured: any threat of legal action, settlement demand, service of suit, institution of arbitration proceeding, any written tender or demand for civil damages or other relief commenced by the insured’s receipt of such demand or tender, or any civil proceeding commenced by the service of a complaint or similar pleading. 7. “Claim expenses” means: a. fees charged by any lawyer designated by us; Docusign Envelope ID: C32ED128-E8C0-4517-B42B-471D21968944