CONTRACTOR'S ALL RISKS AND THIRD PARTY LIABILITY INSURANCE POLICY

THE SCHEDULE
Policy No. P/01/4022/2023/1406

Name of Insured KHALIFA AL MOTAWEH as Principal &/or RWAD ALHANDSA BUILDING CONTRACTING L.L.C as Main Contractor &/or DUBAI AL
QUSAIA as Sub-Contractors &/or Al-Jawaher Engineering Consultations as Consulting Engineers each for their respective rights and
interests for their site activities only.

Site of Constructon 9131247,HIND CITY ,Dubai,United Arab Emirates

Project Title Painting, maintenance and decoration works.

Period of Insurance From 24/11/2023 13:54 To 23/08/2024 23:59

(Subject to Provisions Concerning the Period of Cover)

Applicable Cover As per Orient Insurance PJSC Standard Contractors All Risk and Third Party Liability Insurance Policy (Munich Re) Wordings

Territorial Limit UNITED ARAB EMIRATES Law & Jurisdicton UNITED ARAB EMIRATES

SUM INSURED
Section I : Material Damage
Sl No. Items Sum Insured (In AED)
1 Contract Price - Contract Work (Permanent and Temporary works, including all materials to be incorporated herein) 100,000.00

2 Value of Materials or items supplied by the Principals Not Insured

3 Value of Construction Plant, Machinery and Equipment Not Insured

4 Clearance of Debris Not Insured

5 Professional Fees Not Insured

6 Principal's Existing and Surrounding Property Not Insured

7 Temporary Facilities and their Contents Not Insured

8 Uplift Not Insured

Total : 100,000.00

Section II : Third Party Liability

Limit of Indemnity: AED 100,000.00 any one occurrence and number of occurrences unlimited during the policy period.

CONDITIONS | EXTENSIONS | WARRANTIES | EXCLUSIONS

CONDITIONS / EXTENSIONS
• MRe 001 Cover for loss or damage due to Strike, Riot and Civil Commoton
• MRe 002 Cross Liability
• MRe 006 Cover of extra charges for overtme, night work, work on Public Holidays, Express Freight - Limit: 10% of claim amount
• MRe 007 Cover of extra charges for Airfreight - Limit: 10% of claim amount
• MRe 013 Property in Of-Site Storage - 20% of Contract value sum insured at any one locaton and 2 locatons in the aggregate
• MRe 100 Testng of Machinery and Installatons
• MRe 102 Special Conditons concerning Underground cables, Pipes and other facilites - (actual repair costs but not exceeding 25% of the relevant amount
levied)- Limit AED 100,000/- in the aggregate
• MRe 110 Special Conditons Concerning Safety Measures with respect to Precipitaton, Flood and Inundaton

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 • MRe 112 Special conditons concerning Fire Fightng Facilites and Fire Safety on Constructon Site - Limit 10% of Contract Value sum Insured.
• MRe 113 Inland Transit (Cover for locally procured items only) - Limit 10% of Contract Value Sum Insured
• MRe 115 Designers Risk
• MRe 120 Vibraton, Removal & Weakening of Support
• 72 Hours Clause
• Fire Fightng Expenses Clause - Limit : 5% of claim amount
• Local Authorites Clause - Limit: AED 50,000/- any one occurrence and in the aggregate
• Local Jurisdicton Clause
• Plans and Documents Clause - Limit: AED 25,000/- any one occurrence and in the aggregate
• Subject to no other policy covering the same risk
• The Total Liability of the Company in any one event during the period of insurance inclusive of additonal clauses &/or extension sub-limits shall not exceed
the Total Sums Insured stated in the Policy.
• Waiver of Subrogaton against Joint Insured's

WARRANTIES
• MRE 109 WARRANTY CONCERNING CONSTRUCTION MATERIAL
• WARRANTED THAT THE PROJECT IS NEW FROM GROUND UP AND NOT A MIDTERM ONE NOR A STALLED / STOPPED PROJECT BEING RECOMMENCING
NOR AN EXTENSION FOR AN EXPIRED OR EXPIRING POLICY.

EXCLUSIONS
• COMMUNICABLE DISEASE EXCLUSION CLAUSE
• EXCLUDING WET WORKS/MARINE WORKS/OFFSHORE WORKS ABSOLUTELY
• EXCLUDING ANY KIND OF FINES, PENALTIES, PUNITIVE AND EXEMPLARY DAMAGES
• FULL NUCLEAR EXCLUSION CLAUSE
• INSTITUTE RADIOACTIVE CONTAMINATION, CHEMICAL, BIOLOGICAL, BIO-CHEMICAL AND ELECTROMAGNETIC WEAPONS EXCLUSION CLAUSE (CL-370)
• IT CLARIFICATION AGREEMENT
• POLITICAL RISKS EXCLUSION CLAUSE
• PROPERTY CYBER AND DATA EXCLUSION
• SANCTION LIMITATION AND EXCLUSION CLAUSE
• SEEPAGE, POLLUTION AND CONTAMINATION CLAUSE
• TERRORISM AND SABOTAGE RISKS EXCLUSION
• TOTAL ASBESTOS EXCLUSION CLAUSE
Premium (Excl. VAT) AED 700.00 (SEVEN HUNDRED ONLY )

PPW Upfront

Deductible (each and every loss) 10% of claim amount subject to minimum AED 7,500 each and every loss

CONTACT DETAILS FOR CLAIM INTIMATION

Name Email Id Contact No

Sonali Mignonne Sonali.Mignonne@alfutaim.com +971 4 2531 595

Kesavan Kannan Kesavan.Kannan@alfutaim.com +971 4 2531 590

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For ORIENT INSURANCE (PJSC)
Authorized Signatory

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This Policy is subject to :
CONDITIONS / EXTENSIONS

• MRe 001 Cover for loss or damage due to Strike, Riot and Civil Commoton
It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, and subject
to the Insured having paid the agreed extra premium, this Policy shall be extended to cover loss or damage due to strike, riot and civil commotion which for the
purpose of this Endorsement shall mean (subject always to the Special Conditions hereinafter contained) loss of or damage to the property insured directly
caused by

1. the act of any person taking part together with others in any disturbance of the public peace (whether in connection with a strike or lock-out or not) not being
an occurrence mentioned in condition 2 of the Special Conditions hereof,

2. the action of any lawfully constituted authority in suppressing or attempting to suppress any such disturbance or in minimizing the consequences of any such
disturbance,

3. the wilful act of any striker or locked-out worker performed in furtherance of a strike or in resistance to a lock-out,

4. the action of any lawfully constituted authority in preventing or attempting to prevent any such act or in minimizing the consequences of any such act.

Provided that it is hereby further expressly agreed and declared that

1. all the terms, exclusions, provisions and conditions of the Policy shall apply in all respects to the insurance granted by this extension save in so far as the same
are expressly varied by the following Special Conditions, and any reference to loss or damage in the wording of the Policy shall be deemed to include the perils
hereby insured against,

2. the following Special Conditions shall apply only to the insurance granted by this extension, and the wording of the Policy shall apply in all respects to the
insurance granted by the Policy as if this Endorsement had not been made thereon.

• MRe 002 Cross Liability

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to
the Insured having paid the agreed extra premium, the Third Party Liability cover of the Policy shall apply to the insured parties named in the Schedule as if a
separate policy had been issued to each party, provided that the Insurers shall not indemnify the Insured under this Endorsement in respect of liability for
- loss of or damage to items insured or insurable under Section I of the Policy, even if not recoverable due to an excess or any limit,
- fatal or non-fatal injury or illness of employees or workmen who are or could have been insured under Workmen's Compensation and/or Employers' Liability
insurance.
The Insurers' total liability in respect of the insured parties shall not however exceed in the aggregate for anyone accident or series of accidents arising out of one
event the limit of indemnity stated in the Schedule.

• MRe 006 Cover of extra charges for overtme, night work, work on Public Holidays, Express Freight - Limit: 10% of claim amount
It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to
the Insured having paid the agreed extra premium, this insurance shall be extended to cover extra charges for overtime, night work, work on public holidays and
express freight (excluding airfreight)
Provided always that such extra charges shall be incurred in connection with any loss of or damage to the insured items recoverable under the Policy

If the sum(s) insured of the damaged item(s) is (are) less than the amount(s) required to be insured, the amount payable under this Endorsement for such extra
charges shall be reduced in the same proportion.

Limit of Indemnity: As per the schedule.

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• MRe 007 Cover of extra charges for Airfreight - Limit: 10% of claim amount
It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to
the Insured having paid the agreed extra premium, this insurance shall be extended to cover extra charges for airfreight.
Provided always that such extra charges shall be incurred in connection with any loss of or damage to the insured items recoverable under the Policy.
Provided further that the maximum amount payable under this Endorsement in respect of airfreight shall not exceed the amount stated below during the period
of insurance.

Deductible : As per the Schedule

Maximum amount payable: As per the Schedule.

• MRe 013 Property in Of-Site Storage - 20% of Contract value sum insured at any one locaton and 2 locatons in the aggregate
It is agreed and understood that, notwithstanding the terms, exclusions, provisions and conditions of the Policy or any Endorsements agreed upon and subject to
the Insured having paid the agreed extra premium, Section I of the Policy shall be extended to cover loss of or damage to property insured (except property
being manufactured, processed or stored at the manufacturer's distributor's or supplier's premises) in off-site storage within the territorial limits as stated below.
The Insurers will not indemnify the Insured for loss or damage caused by the neglect of generally accepted loss prevention measures for warehouses or storage
units. Such measures include, in particular:

- ensuring that the storage area is enclosed (either a building or at least fenced-in), guarded protected against fire, as appropriate for the particular location or
type of property stored;

- separating the storage units by fire-proof walls or by a distance of at least 50 meters;

- positioning and designing the storage units in such a way as to prevent damage by accumulating water or flooding due to rainfall or by a flood with a statistical
return period of not less than 20 years;

- limiting the value per storage unit.

Territorial Limits of : Within the Emirate of construction site

Limit of indemnity (any one occurrence): As per the Schedule
Deductible : As per the Schedule

• MRe 100 Testng of Machinery and Installatons

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the period of
cover shall be extended to include a test operation or a test loading but not beyond four weeks from the date of commencement of the test.

If however, a part of a plant or one or several machine(s) is (are) tested and/or put into operation or taken over, the cover for that particular part of the plant or
machine(s) and any liability resulting therefrom ceases whereas the cover continues for the remaining parts to which the above does not apply.

It is further agreed and understood that for the machinery and installations undergoing a test, exclusion c and d of the Exclusions to Section I of the Policy are
deleted and the following exclusion shall apply:

"loss or damage due to faulty design, defective material or casting, bad workmanship other than faults in erection;"

In the case of second-hand items, the insurance hereunder shall, however, cease immediately on the commencement of the test.

• MRe 102 Special Conditons concerning Underground cables, Pipes and other facilites - (actual repair costs but not exceeding 25% of the relevant amount
levied)- Limit AED 100,000/- in the aggregate
It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the policy or endorsed thereon, the Insurers

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 shall only indemnify the Insured in respect of loss of or damage to existing underground cables and/or pipes or other underground facilities if, prior to the
commencement of works, the Insured has inquired with the relevant authorities about the exact position of such cables, pipes or other underground facilities
and takes all necessary steps to avoid damage to same.

Claims in respect of loss or damage to such underground facilities which are in the same position as shown on the underground maps (drawings indicating the
position of the underground facilities) shall be payable after applying the deductible as stated in the schedule.

Claims in respect of loss of or damage to underground facilities incorrectly shown on the underground map shall be payable after applying the deductible stated
in the schedule.

The indemnity shall in any case be restricted to the actual repair costs of such cables, pipes or other underground facilities, any consequential damage and
penalties being excluded from the cover. If the amount levied by the appropriate authorities does not show the bifurcation between repair costs, any
consequential damage & fines and penalties, the indemnity shall be restricted to 25% of the relevant amount levied by the appropriate Authorities under the
relevant law(s) of the respective Emirate and/or subsequent amendments thereon, any consequential damage and penalties being excluded from the cover &
subject to the deductible as state in the schedule.

Deductibles: As stated in the schedule.

• MRe 110 Special Conditons Concerning Safety Measures with respect to Precipitaton, Flood and Inundaton
It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers
shall only indemnify the Insured for loss, damage or liability caused directly or indirectly by precipitation, flood or inundation if adequate safety measures have
been taken in designing and executing the project involved.
For the purposes of this endorsement adequate safety measures shall mean that, at all times throughout the policy period, allowance is made for precipitation,
flood and inundation up to a return period of 20 years for the location insured on the basis of the statistics prepared by the meteorological agencies.
Loss, damage or liability resulting from the Insured's not immediately removing obstructions (e.g. sand, trees) from watercourses within the construction site,
whether carrying water or not, in order to maintain free waterflow shall not be indemnifiable.

• MRe 112 Special conditons concerning Fire Fightng Facilites and Fire Safety on Constructon Site - Limit 10% of Contract Value sum Insured.
It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers
shall only indemnify the Insured for loss or damage directly or indirectly caused by or resulting from fire or explosion, provided always that:

1. With regard to the progress of work adequate fire-fighting equipment and sufficient extinguishing agents are available and operative at all times.
Fully operative wet riser hydrants are installed up to one level below the highest current work level and are sealed by temporary end caps.

2. The cabinets containing hose reels and portable fire extinguishers are inspected at regular intervals but at least twice a week.

3. Fire compartments as required by local regulations are installed as soon as possible after the removal of formwork.
Openings for lift shafts, service ducts and other voids are provisionally closed as soon as possible but not later than at the commencement of fit-out work.

4. Waste material is removed regularly. All floors undergoing fit-out are cleared of combustible waste at the end of each working day.

5. A ""permit to work"" system is implemented for all contractors engaged in ""hot work"" of any kind such as but not limited to
- grinding, cutting or welding operations,
- use of blow lamps and torches,
- application of hot bitumen,
or any other heat producing operation.

""Hot work"" is carried out only in the presence of at least one worker equipped with a fire extinguisher and trained in fire-fighting.
The area of any ""hot work"" is examined one hour after the work has finished.

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 6. Storage of material for the construction or erection shall be subdivided into storage units not exceeding the value stated below per storage unit. The individual
storage units shall be either at least 50 m apart or separa-ted by fire-proof walls.
All inflammable material and especially all inflammable liquids and gases shall be stored at a sufficiently large distance from the property under construction or
erection and any hot work.

7. A Site Safety Coordinator is appointed.

A reliable fire alarm system is installed and whenever possible a direct communication link maintained with the nearest fire brigade.
A Fire Protection Plan and a Site Fire Action Plan are implemented and updated regularly.
The contractor's personnel are trained in fire-fighting and fire-fighting drills carried out weekly.
The nearest fire brigade is familiarized with the site and immediate access maintained for it at all times.
8. The site is fenced off and access controlled.

Value per storage unit: As per the schedule.

• MRe 113 Inland Transit (Cover for locally procured items only) - Limit 10% of Contract Value Sum Insured
It is agreed and understood that, otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject
to the insured having paid the agreed extra premium, Section I of this insurance shall be extended to cover loss of or damage to the property insured whilst in
transit to the contract site other than on waterways or by air within the territorial limits of the United Arab Emirates provided that the maximum amount
payable under this Endorsement does not exceed as per schedule per conveyance.

• MRe 115 Designers Risk

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to
the Insured having paid the agreed extra premium, exclusion c under Special Exclusions to Section I of the Policy shall be deleted and exclusion d replaced by the
following wording:
- The cost of replacement, repair or rectification of loss of or damage to items due to defective material and/or workmanship and/or faulty design, but this
exclusion shall be limited to the items immediately affected and shall not be deemed to exclude loss of or damage to correctly executed items resulting from an
accident due to such defective material and/or workmanship and/or faulty design.

• MRe 120 Vibraton, Removal & Weakening of Support

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to
the Insured having paid the agreed extra premium, Section II of this insurance shall be extended to cover liability consequent upon loss or damage caused by
vibration or by the removal or weakening of support.

Provided always that

- the Insurers will indemnify the Insured in respect of liability for loss or damage to any property or land or building only if such loss or damage results in the total
or partial collapse;

- the Insurers will indemnify the Insured in respect of liability for loss or damage to any property or land or building only if prior to the commencement of
construction its condition is sound and the necessary loss prevention measures have been taken;

- the Insured if required shall before commencement of construction and at his own expense prepare a report on the condition of any endangered property or
land or building.

The Insurers will not indemnify the Insured in respect of liability for

- loss or damage which is foreseeable having regard to the nature of the construction work or the manner of its execution,
- superficial damage which neither impairs the stability of the property, land or buildings nor endangers their users,
- the costs of loss prevention or minimization measures which become necessary during the period of insurance.

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 Limit of Indemnity (any one occurrence) : As per the Schedule
Total Limit of Indemnity : As per the Schedule
Deductible : As per the Schedulechedule

• 72 Hours Clause
For the purpose of this insurance any loss or damage to property insured hereunder occurring during any period of 72 consecutive hours arising from Storm,
Tempest, Rainwater, Earthquake, Cyclone, Flood shall be deemed to be one event. The Insured may select the time for which any period shall commence
provided that period shall not overlap.
The period designated by the Insured under this policy shall also be used for the purposes of the application of any excess.

Subject otherwise to the terms, conditions and exceptions of the policy.

• Fire Fightng Expenses Clause - Limit : 5% of claim amount

The Insurers agree to pay for firefighting expenses, necessarily and reasonably incurred by the Insured, to minimize the extent of any physical loss or damage to
the Property Insured indemnifiable hereunder, including the cost of materials expended, costs incurred in refilling fire extinguishing appliances and replacing
used sprinkler heads, wages of personnel specifically engaged for such tasks, and all firefighting costs claimed against the Insured by a public authority or public
fire brigade.

The indemnity provided by this Memorandum shall not exceed the Sub Limit stated in the Risk Details for this item.

• Local Authorites Clause - Limit: AED 50,000/- any one occurrence and in the aggregate
The Company will indemnify the Insured for such additional cost of reinstatement of the Property Insured sustaining loss or damage up to 15% of the sum
insured under Section 1 as may be incurred solely by reason of the need to comply with building or other regulations under or framed in pursuance of or with
bye-laws of any Municipal or Local Authority provided that
(i) The indemnity will not apply to the cost incurred in complying with any of the aforesaid regulations or bye-laws:-

(a) in respect of loss or damage not insured by this Policy;

(b) under which notice has been served on the Insured prior to the occurrence of the loss or damage;

(c) in respect of undamaged property or undamaged portions of property other than foundations of that portion of the property sustaining loss or damage;

(ii) The indemnity will not apply to the amount of any rate, tax, duty, development or other charge or assessment arising out of capital appreciation which may
be payable in respect of the property by the owner thereof by reason of compliance with any of the aforesaid regulations or bye-laws.

(iii) The work of reinstatement must be commenced and carried out with reasonable despatch and may be carried out wholly or partially upon another site
subject to the liability of the Company under this extension not being increased.

• Local Jurisdicton Clause

This Insurance shall be governed by UAE law and UAE Courts alone shall have jurisdiction in any dispute arising hereunder.
For claims under Section II of the policy the indemnity provided herein shall apply to
[1] Compensation for damages in respect of judgements delivered or obtained from a Court of Competent Jurisdiction within the U.A.E.
[2] Costs and expenses of litigation recovered by any claimant from the Insured, which are incurred in and recoverable in the U.A.E.

Subject otherwise to the terms, conditions and exceptions of the policy.

• Plans and Documents Clause - Limit: AED 25,000/- any one occurrence and in the aggregate
The Indemnity granted by this Section shall in addition extend to indemnify the Insured in respect of the costs necessarily and reasonably incurred by the Insured
of re-writing or re-drawing plans of specifications of the Contract works insured hereunder when such plans or specifications are lost or damaged by any cause
not excluded by this Section and the Insured needs to have them re-drawn or re-written in order to complete the Insured Project or to enable payment to be

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 made for work already carried out. The liability of the Insurers under this clause shall be restricted to a maximum limit as per the Schedule any one claim forming
part of Sum Insured under Section I of the Policy.

• Subject to no other policy covering the same risk

Subject to no other policy covering the same risk

• The Total Liability of the Company in any one event during the period of insurance inclusive of additonal clauses &/or extension sub-limits shall not exceed
the Total Sums Insured stated in the Policy.
The Total Liability of the Company in any one event during the period of insurance inclusive of additional clauses &/or extension sub-limits shall not exceed the
Total Sums Insured stated in the Policy.

• Waiver of Subrogaton against Joint Insured's

It is agreed that upon payment of any loss, the Insurer is subrogated to all the rights of the Insured to the extent of such payment, but no right of subrogation
shall be made against The Joint Insured's and/or their Employees and/or Directors and/or Agents. Any release or waiver of liability entered into by the Insured
prior to loss shall not affect this insurance or the right of the Insured to recover.

EXCLUSIONS

• COMMUNICABLE DISEASE EXCLUSION CLAUSE

1. Notwithstanding any provision to the contrary within this insurance agreement, this insurance agreement excludes any loss, damage, liability, claim, cost or
expense of whatsoever nature, directly or indirectly caused by, contributed to by, resulting from, arising out of, or in connection with a Communicable Disease or
the fear or threat (whether actual or perceived) of a Communicable Disease regardless of any other cause or event contributing concurrently or in any other
sequence thereto.

2. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another
organism where:

2.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not,
and

2.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or
to any surface or object, solid, liquid or gas or between organisms, and

2.3. the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss
of value of, marketability of or loss of use of property.

LMA5394
27 March 2020

• EXCLUDING ANY KIND OF FINES, PENALTIES, PUNITIVE AND EXEMPLARY DAMAGES

Excluding any kind of Fines, Penalties, Punitive and Exemplary damages

• EXCLUDING WET WORKS/MARINE WORKS/OFFSHORE WORKS ABSOLUTELY

Excluding Wet Works/Marine Works/Offshore Works Absolutely

• FULL NUCLEAR EXCLUSION CLAUSE

This Insurance shall not apply to the following:

i) Nuclear energy risks in accordance with the Nuclear Energy Risks Exclusion Clause NMA 1975a and
ii) Any other liability, loss, cost or expense of whatsoever nature directly or indirectly caused by, resulting from, arising out of or in connection with nuclear
reaction, nuclear radiation or radioactive contamination regardless of any other cause contributing concurrently or in any other sequence to the loss.

• INSTITUTE RADIOACTIVE CONTAMINATION, CHEMICAL, BIOLOGICAL, BIO-CHEMICAL AND ELECTROMAGNETIC WEAPONS EXCLUSION CLAUSE (CL-370)

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 This clause shall be paramount and override anything contained in this insurance inconsistent therewith
1. In no case shall this Contract cover loss damage liability or expense directly or indirectly caused by or contributed to by or arising from

1.1. Ionising radiations from contamination by radioactivity from nuclear fuel or from nuclear waste or from the combustion of nuclear fuel;

1.2. The radioactivity, toxic, explosive or other hazardous or contaminating properties of any nuclear installation, reactor or other nuclear assembly or nuclear
component thereof;

1.3. Any weapon or device employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter;

1.4. The radioactivity, toxic, explosive or other hazardous or contaminating properties of any radioactive matter. The exclusion in this sub-clause does not extend
to radioactive isotopes, other than nuclear fuel, when such isotopes are being prepared, carried, stored, or used for commercial, agricultural, medical, scientific
or other similar peaceful purpose;

1.5. Any chemical, biological, bio-chemical, or electromagnetic weapon

CL 370
(10/11/2003)

• IT CLARIFICATION AGREEMENT
Property damage under this Policy shall mean physical damage to the substance of property.

Physical damage to the substance of property shall not include damage to data or software, in particular any detrimental changes in data, software or computer
programs that is caused by a deletion, a corruption or a deformation of the original structure.

Consequently the following are excluded from this Policy:

A. Loss of or damage to data or software, in particular any detrimental change in data, software or computer programs that is caused by a deletion, a corruption
or a deformation of the original structure, and any business interruption losses resulting from such loss or damage. Notwithstanding this exclusion, loss or
damage to data or software which is the direct consequence of Insured physical damage to substance of property shall be covered.
B. Loss or damage resulting from an impairment in the function, availability, range of use or accessibility of data, software or computer programmes, and any
business interruption losses resulting from such loss or damage.

• POLITICAL RISKS EXCLUSION CLAUSE

Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, cost or
expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any of the following regardless of any other cause or event
contributing concurrently or in any other sequence to the loss:

1. War, invasion, acts of foreign enemies, hostilities or warlike operations (whether war be declared or not), civil war.
Permanent or temporary dispossession resulting from confiscation, commandeering or requisition by any lawfully constituted authority.

Mutiny, Civil commotion assuming the proportions of or amounting to a popular rising, military rising, insurrection, rebellion, revolution, military or usurped
power, martial Law or state of siege or any of the events or causes which determine the proclamation or maintenance of martial law or state of siege.

2. Any act of terrorism

For the purpose of this endorsement an act of terrorism means an act, including but not limited to the use of force or violence and/or the threat thereof, of any
person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s) or government(s), committed for political, religious,
ideological, ethnic or similar purposes or reasons including the intention to influence any government and/or to put the public, or any section of the public in

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 fear.

This endorsement also excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any
action taken in controlling, preventing, suppressing or in any way relating to (1) and/or (2) above.

If the Insurer alleges that by reason of this exclusion, any loss, damage, cost or expense is not covered by this insurance the burden of proving the contrary shall
be upon the Insured.

• Property Cyber and Data Exclusion

1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any:
1.1 Cyber Loss, unless subject to the provisions of paragraph 2;
1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in
connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the
value of such Data, unless subject to the provisions of paragraph 3;
regardless of any other cause or event contributing concurrently or in any other sequence thereto

2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to
property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by,
contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing,
suppressing or remediating any Cyber Act.

3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by
the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself
plus the costs of copying the Data from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of
recreating, gathering or assembling the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data
Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be
recreated, gathered or assembled.

4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect.

5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data
Processing Media, replaces that wording.

Definitions

6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from,
arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or
remediating any Cyber Act or Cyber Incident.

7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the
threat or hoax thereof involving access to, processing of, use of or operation of any Computer System.8 Cyber Incident means:
8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or
8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer
System.

9 Computer System means:

9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device),
server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage
device, networking equipment or back up facility,

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 owned or operated by the Insured or any other party.

10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed,
transmitted or stored by a Computer System.

11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself.

LMA5400

11 November 2019

• SANCTION LIMITATION AND EXCLUSION CLAUSE

No Insurer shall be deemed to provide cover and no lnsurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of
such cover, payment of such claim or provision of such benefit would expose that Insurer to any sanction, prohibition or restriction under United Nations
resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America.

15/09/10
LMA3100

• SEEPAGE, POLLUTION AND CONTAMINATION CLAUSE

This Insurance does not cover any liability for:

1) Removal of, loss of or damage to sub-surface oil, gas or any other substance, the property of others, provided always that this paragraph (1) shall not apply to
any liability which would otherwise be covered under this Insurance for such removal, loss or damage directly attributable to blow 'out, cratering or fire of an oil
or gas well owned or operated by, or under the control of the Assured.
2) Loss of damage to, or loss of use of property directly or indirectly resulting from subsidence caused by sub-surface operations of the Assured.
3) Personal Injury or Bodily Injury or loss of, damage to, or loss of use of property directly or indirectly caused by seepage, pollution or contamination, provided
always that this paragraph (3) shall not apply to liability for Personal Injury or Bodily Injury or loss of or physical damage to or destruction of tangible property, or
loss of use of such property damaged or destroyed, where such seepage, pollution or contamination is caused by a sudden, unintended and unexpected
happening during the period of this Insurance.
4) The cost of removing, nullifying or cleaning-up seeping, polluting or contaminating substances unless the seepage, pollution or contamination is caused by a
sudden, unintended and unexpected happening during the period of this Insurance.
5) Fines, penalties, punitive or exemplary damages.

This Clause shall not extend this Insurance to cover any liability which would not have been covered under this Insurance had this Clause not been attached.

• TERRORISM AND SABOTAGE RISKS EXCLUSION

Notwithstanding any provision to the contrary within this insurance agreement or any endorsement thereto, this agreement does not cover any loss, damage,
cost or expense of whatsoever nature directly or indirectly caused by, resulting from, happening through, arising out of or in connection with any act of
terrorism, regardless of any other cause contributing concurrently or in any other sequence to the loss, damage, cost or expense.

For the purpose of this exclusion, terrorism means an act or threat of violence or an act harmful to human life, tangible or intangible property or infrastructure
with the intention or effect of influencing any government or putting the public or any section of the public in fear.

In any action suit or other proceedings where the insurer alleges that by reason of this definition a loss, damage, cost or expense is not covered by this insurance
agreement, the burden of proving that such loss, damage, cost or expense is covered shall be upon the Insured.

In the event any portion of this clause is found to be invalid or unenforceable, the remainder shall remain in full force and effect.

• TOTAL ASBESTOS EXCLUSION CLAUSE

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 It is hereby understood and agreed that this Insurance shall not apply to and does not cover any actual or alleged liability whatsoever for any claim or claims in
respect of loss or losses directly or indirectly arising out of, resulting from, in consequence of, contributed to or aggravated by asbestos in whatever form or
quantity.

WARRANTIES

• MRE 109 WARRANTY CONCERNING CONSTRUCTION MATERIAL

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the policy or endorsed thereon, the Insurers
shall only indemnify the Insured for loss, damage or liability directly or indirectly caused to construction material by flood or inundation if such construction
material does not exceed three days demand and the exceeding quantities are kept in areas not endangered by 20-year floods.

• WARRANTED THAT THE PROJECT IS NEW FROM GROUND UP AND NOT A MIDTERM ONE NOR A STALLED / STOPPED PROJECT BEING RECOMMENCING NOR
AN EXTENSION FOR AN EXPIRED OR EXPIRING POLICY.
Warranted that the project is new from ground up and not a midterm one nor a stalled / stopped project being recommencing nor an extension for an expired or
expiring policy.

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