NBS GOVERNMENT FINANCE GROUP (#2026338)

VP 00 06 10 17 © Vela Insurance Services All rights reserved. Page 10 of 13 2.If an Extended Reporting Period is purchased, then coverage otherwise afforded by this Policy will be extended to apply to Loss and Claim Expenses from Claims that are first made and reported to the Company during such Extended Reporting Period but only for Wrongful Acts committed before the end of the Policy Period and which first commence after the Retroactive Date. The entire additional premium for the Extended Reporting Period shall be deemed fully earned at the inception of such Extended Reporting Period. The Each Claim and Aggregate Limits of Liability for the Extended Reporting Period shall be part of and not in addition to the Each Claim and Aggregate Limits of Liability for the Policy Period. C. CANCELLATION 1.The first Named Insured may cancel this Policy by surrender thereof to the Company, or by written notice to the Company stating when thereafter such cancellation shall be effective. Such notice shall be sufficient notice and the effective date of cancellation stated in the notice shall become the end of the Policy Period. 2.The Company may cancel this Policy by mailing or delivering to the first Named Insured written notice stating when, not less than sixty (60) days thereafter, such cancellation shall be effective. However, if the Company cancels this Policy because the Insured has failed to pay a Premium when due, this Policy may be canceled by the Company by mailing or delivering a written notice of cancellation to the first Named Insured stating when, not less than ten (10) days thereafter, such cancellation shall be effective. The notice of cancellation shall state the reason for cancellation. The mailing of such notice shall be sufficient notice and the effective date of cancellation stated in the notice shall become the end of the Policy Period. Delivery of such written notice by the Company shall be equivalent to mailing. 3.If this Policy is canceled, we will send the first Named Insured any Premium refund due. If the Company cancels, the refund will be pro rata. If the first Named Insured cancels, the refund may be less than pro rata. However, in no event shall the Company retain less than the Minimum Earned Premium at Inception. The cancellation will be effective even if the Company has not made or offered a refund. D. OTHER INSURANCE This Policy is excess over any other valid and collectible insurance regardless of whether such other insurance is primary, excess, contributory, contingent, or otherwise, unless such other insurance is written to be specifically excess over the insurance provided by this Policy. Other insurance includes benefits under a risk retention group. E. REPRESENTATION In issuing this Policy, the Company has relied upon the statements, representations and information in the Application. The Named Insured acknowledges and agrees that all such statements, representations and information provided in the Application are true and accurate, are made or provided in order to induce the Company to issue this Policy, and are material to the Company’s acceptance of the risk to which this Policy applies. In the event that any of the statements, representation or information in the Application are not true and accurate, this Policy shall be void with respect to the Named Insured and any other Insured who, as of the date the Application was signed, knew about the facts that were not truthfully and accurately disclosed (whether or not the Insured knew of such untruthful disclosure in the Application) or to whom knowledge of such facts is imputed. For purposes of the preceding sentence: 1.The knowledge of any Insured who is a present or former chief financial officer, in-house general counsel, partner, chief executive officer, president or chairperson of the Named Insured shall be imputed to the Named Insured; 2.The knowledge of the person(s) who signed the Application for this Policy shall be imputed to all of the Insureds; and Policy Number: VNPL019969Docusign Envelope ID: D61C24C1-1EEB-4464-8CDF-5C4CE6FD0AB4