Y2K PARTIAL EXCLUSION CLAUSE

Risks : VAR

Y2K Partial Exclusion Clause There is no insurance under this policy in respect of any claim of whatsoever nature which arises directly or indirectly from or consists of the failure of any : a.Electronic circuit, microchip, integrated circuit, microprocessor, embedded system , hardware, software, firmware, program, computer, data processing equipment, telecommunication equipment or systems, or any similar device. b.Media or systems used in connection with any of the foregoing Whether the property of the Insured or not, at any time to achieve any or all the purposes and consequential effects intended by the use of any number, symbol or word to denote a date. Including without limitation, the failure or inability to recognize, capture, save, retain or restore and/or correctly to manipulate, interpret, transmit, return, calculate or process any date, data, information, command, logic or instruction as a result of i). Recognizing, using or adopting any date, day of the week or period of time, otherwise than as, the true of correct date, day of the week or period of time. ii) The operation of any command or logic which has been programmed or incorporated into anything referred to in (a) or (b) above. But this extension shall not exclude any claim for subsequent loss or destruction of or damage to any property or consequential loss which itself result from a defined contingency (as defined hereunder) but only to the extent that such claim would otherwise be insured under this policy. Definition : For the purpose of this exception only, “defined contingency” shall mean fire, lightning, explosion, aircraft and other aerial devices or articles dropped therefrom, riot, civil commotion, strikers, locked out workers, person taking part in labour disturbances, malicious persons other than thieves, earthquake, storm, flood, escape of water from any tank apparatus or pipe, impact by any road vehicle or animal or theft. The insurance by this Policy extends to include tenants improvements and alteration to Landlord’s property insofar as the Insured is responsible therefore.

TRANSMISSION AND DISTRIBUTION LINES EXCLUSION CLAUSE

All Transmission and distribution lines, including wire, cable, poles, pylons, standard towers and any equipment of any type of which may be attendant to such installation of any description. This exclusion includes but is not limited to transmission or distribution of electrical power, telephone or telegraph signal and all communication signal whether audio or visual. This exclusion applies to both above and below ground equipment except that which is within 1,000 meters of the insured’s premises or as defines in the Insurer’s policy(ies) This exclusion applies both to physical or damage to the equipment and all business interruption, consequential loss and/or other contingent losses related to transmission and distribution lines. Another Version This Insurance does not cover any loss, damage, costs or expense to any type pf above ground conductors for the transmission or distribution of electrical energy. Telephone, or telegraphic signals, and all communication signal whether audio or visual including wire, cable, poles, scaffolding, pylons, and masts or any property forming part thereof or connected therewith and including substations and transformer stations other than those on or within 300 meters of the insured premises. It is however understood and agreed that this exclusions shall not apply to contingent business interruption coverage including public utilities extensions and/or suppliers extensions, provided that those are not part of a suppliers’ or distributors’ policy.

Thirty (30) Days Cancellation Notice Clause

Risks : VAR

Both the Insurer and the Insured are entitled to terminate this insurance upon thirty (30) days notice in writing being given. Such termination should be effected to the registered letter and the Insured entitle to a pro-rata return premium for the unexpired period of Insurance.

TERRORISM EXCLUSION ENDORSEMENT (NMA 2920)

Risks : IAR

Notwithstanding any provision to the contrary within this insurance or any endorsement thereto, it is agreed that this insurance exclude loss, damage, cost of whatsoever nature directly or indirectly caused by, resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence to the loss. 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 or similar purposes including the intention to influence any government and/or to put the public, or any section of the public, in 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, surpressing or in any way relating to any act of terrorism. If the Underwriters allege that by reasins 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 Assured. In the event any portion of this endorseement is found to be valid or unenforceable, the remainder shall remain in full force and effect. NMA 2920 08/10/2001

PRORATE REFUND PREMIUM CLAUSE

Risks : VARIOUS

Notwithstanding of anything in the policy where both parties may terminate this policy, the refund premium calculated and refundable shall be calculated on pro-rata basis.

PROPERTY DAMAGE CLARIFICATION CLAUSE

Risks : VARIOUS

Property damage covered under this Agreement 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 change 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 the Agreement : A. Loss or 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 of or damage to data or property shall be covered. B. Loss or damage resulting from an impairment in the function, availability, range or accessibility of data, software or computer programs, and any business interruption losses resulting from such loss or damage.

PREVENTIVE MEASURES - VARIOUS

Risks : VARIOUS

“It is agreed that in the event of actual damage (or imminent damage) to the Insured property, the Insurer will pay the reasonable cost necessary in preventing, minimizing or reducing damage to the Insured Property, which the Insured can prove were necessarily incurred immediately and urgently in an emergency”

ERRORS AND OMISSION

Risks : IAR, ETC – ALMOST ALL The Insured shall not be prejudiced by an unintentional and/or inadvertent, omissions, errors, incorrect valuation or incorrect description of the interest, risk, or property provided notice is given to the Company as soon as practicable upon discovery of such errors and omissions and subject to the Insured paying additional premium arising therefrom.

BREACH OF WARRANTY

This Insurance shall not be affected and/or invalidated by any act or neglect, mis-description and/or misrepresentation, breach in condition and/or warranty nor by change in the tittle or ownership of the property, provided  the owner shall notify the insurer the happening of such act as soon as it comes to his knowledge and shall on reasonable demand pay the additional charges for any increase or hazard created.

ADVERTISING SIGNS CLAUSE

It is hereby declared and agreed that this policy is extended to include liability as within defined from advertising-signboards displayed at various locations as specified in the schedule.