PYRAMID GROUP INTERNATIONAL, INC. (5)

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Contractors Pollution Liability Policy Policy Period The term policy period means the period set forth in the Declarations, or any shorter period arising as a result of cancellation. Policy Year The term policy year means the separate annual year period whenever the policy period set forth in the Declarations is either for a two or three year time period. Pollution Condition The term pollution condition means the discharge, dispersal, release or escape of smoke, vapors, fumes, acids, alkalis, toxic chemicals, liquids or gases, waste materials or other irritants, contaminants or pollutants into or upon land, the atmosphere or any watercourse or body of water which results in bodily injury or property damage. A continuous, related, repeated, or similar series of discharges, dispersals, releases, or escapes of pollutants at or from a site shall constitute a single pollution condition. Related pollution conditions are those pollution conditions that arise out of , are based on, relate to or are in consequence of, the same facts, circumstances or situations. Property Damage The Term property damage means: 1. Physical injury to or destruction of tangible property including the resulting loss of use thereof; and 2. Costs expended by the named insured to evaluate, investigate, cleanup, remediate or monitor any environmentally contaminated site. 3. Loss of use of tangible property that has not been physically injured or destroyed; provided that such physical injury or destruction, clean up costs and/or loss of use are caused by a pollution condition arising out of the performance by the named insured of operations insured by this policy. Waste The term waste means any discarded materials of any kind, including those materials to be recycled, reconditioned, reclaimed, or disposed of. III. LIMITS OF INSURANCE A. MAXIMUM LIMITS OF LIABILITY The Company's maximum Limit of Liability hereunder shall not exceed the separate limits of liability for damages and claims expenses specified in the Declarations, irrespective of the following: 1. The number of claims made; or 2. The number of persons or organizations making claims; or 3. The number of persons covered hereunder; or 4. The number of pollution conditions which arise; or 5. The types of damages awarded. B. SEPARATE AND SPECIFIC LIMITS OF LIABILITY ry,...a...p� ReaeurD aow®Bv: 4�qw r5sk Managementspedalist © Freberg Environmental Inc, All rights reserved. © Freberg Environmental Inc, All rights reserved.