PYRAMID GROUP INTERNATIONAL, INC. (5)

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V VI. Pyramid Group International Inc. specified in the Declarations. All benefits paid hereunder by the Company whether as damages or claims expense shall serve to reduce such amounts. The Limits of Insurance apply separately to each consecutive annual period and to any remaining period of less than 12 months, starting with the beginning of the policy period shown in the Declarations, unless the policy period is extended after issuance for an additional period of less than 12 months. In that case, the additional period will be deemed part of the last preceding period for purposes of determining the Limits of Insurance. SELF -INSURED RETENTION The Company's obligation hereunder to pay or indemnify the insured with respect to damages, claims expense or any combination thereof, relative to each claim, shall only be in excess of the amount specified in this endorsement. For the purpose of applying the self -insured retention, one or more claims arising from one pollution condition shall be considered a single claim. EXCLUSIONS. This insurance does not apply to damages, claims or claims expense based upon or arising out of: A. a claim seeking non -pecuniary relief; or B. fraud, dishonesty or bad faith of an insured; or C. fines, assessments, penalties, punitive, exemplary or treble damages; or D. any consequence, whether direct or indirect, of war, invasion, act of foreign enemy, hostilities (whether war be declared or not). civil war, rebellion, revolution, insurrection or military or usurped power, strike, riot or civil commotion; or E. arising from injury to any employee or an insured if such injury occurs during and in the course of said employment; or F. seeking injunctive or equitable relief; including any costs incurred by an insured in complying with such injunctive or equitable relief; or G. liability of others assumed by the insured under any contract or agreement other than liability that would have attached to the insured in the absence of such contract or agreement; or H. bodily injury to: 1. an employee, director, officer or partner of the insured arising out of and in the course of employment by the insured; or 2. the spouse, child, parent, brother or sister of that employee, director, officer or partner as a consequence of a. above; or I. the ownership, maintenance, use, operation, loading or unloading of any automobile, aircraft, watercraft or rolling stock; or J. goods or products manufactured, sold, or distributed by the inuu trading under the insured's name including any contractor thereol upon a representation of warranty made at any time with respect ECC-56913-0712 © 2018, Freberg Environmental, Inc. RiekMVW9MedDMsian A RwEvtm&APPRCNm ar. s Xju Aa"4 Risk Management Spedalist ➢ or 4-010M