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Pyramid Group International Inc. <br />Endorsement Number: 9 <br />U.S. TREASURY DEPARTMENT'S OFFICE OF FOREIGN <br />ASSETS CONTROL ("OFAC") <br />NOTICE TO POLICYHOLDERS <br />No coverage is provided by this Policyholder Notice nor can it be construed to replace any <br />provisions of your policy. You should read your policy and review your Declarations page for <br />complete information on the coverages you are provided. <br />This Notice provides information concerning possible impact on your insurance coverage due to <br />directives issued by OFAC. Please read this Notice carefully. <br />The Office of Foreign Assets Control (OFAC) administers and enforces sanctions policy, based on <br />Presidential declarations of "national emergency". OFAC has identified and listed numerous: <br />• Foreign agents; <br />• Front organizations; <br />• Terrorists; <br />• Terrorist organizations; and <br />• Narcotics traffickers; <br />as "Specially Designated Nationals and Blocked Persons'. This list can be located on the United <br />States Treasury's website — http//www.treas.gov/ofac. <br />In accordance with OFAC regulations, if it is determined that you or any other insured, or any person <br />or entity claiming the benefits of this insurance has violated U.S. sanctions law or is a Specially <br />Designated National and Blocked Person, as identified by OFAC, this insurance will be considered a <br />blocked or frozen contract and all provisions of this insurance are immediately subject to OFAC. <br />When an insurance policy is considered to be such a blocked or frozen contract, no payments nor <br />premium refunds may be made without authorization from OFAC. Other limitations on the premiums <br />and payments also apply. <br />Admiral Insurance Company Copyright, Insurance Services, Inc., 2004 <br />Rialt ManaganadDwIan <br />REVIEWED&APPROVED BY: <br />A+g a Aawado <br />Risk Management Sped Msl <br />PN-0001 00107 <br />