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1. Coverage under this Policy shall extend to Wrongful Acts taking place anywhere in the world, <br /> provided that the Claim is made within the jurisdiction, and subject to the substantive laws of <br /> the United States of America, Canada, or their territories or possessions. <br /> 2. All premiums, limits, retentions, Damages and other amounts under this Policy are expressed <br /> and payable in the currency of the United States of America. If judgment is rendered, <br /> settlement is denominated, or another element of Damages under this Policy is stated in a <br /> currency other than United States of America dollars, payment under this Policy shall be made <br /> in United States dollars at the applicable rate of exchange as published in The Wall Street <br /> Journal as of the date the final judgment is reached, the amount of the settlement is agreed <br /> upon, or the other element of Damages is due, respectively or if not published on such date, <br /> the next date of publication of The Wall Street Journal. <br /> G. Subrogation <br /> In the event of any payment under this Policy, the Company shall be subrogated to the extent of <br /> such payment to all the rights of recovery of the Insureds. The Insureds shall execute all papers <br /> required and shall do everything necessary to secure and preserve such rights, including the <br /> execution of such documents necessary to enable the Company effectively to bring suit or <br /> otherwise pursue subrogation rights in the name of the Insureds. <br /> H. Action Against the Company and Bankruptcy <br /> No action shall lie against the Company. No person or organization shall have any right under this <br /> Policy to join the Company as a.party to any action against any Insured to determine the liability <br /> of the Insured nor shall the Company be impleaded by any Insured or its legal representatives. <br /> Bankruptcy or insolvency of any Insured or of the estate of any Insured shall not relieve the <br /> Company of its obligations nor deprive the Company of its rights or defenses under this Policy. <br /> I. Authorization <br /> By acceptance of this Policy, the Named Insured agrees to act on behalf of all Insureds with <br /> respect to the giving of notice of Claim, the giving or receiving of notice of termination or non <br /> renewal, the payment of premiums, the receiving of any premiums that may become due under this <br /> Policy, the agreement to and acceptance of endorsements, consenting to any settlement, <br /> exercising the right to the Extended Reporting Period, and the giving or receiving of any other <br /> notice provided for in this Policy, and all Insureds agree that the Named Insured shall so act on <br /> their behalf. <br /> J. Alteration,Assignment and Headings <br /> 1. Notice to any agent or knowledge possessed by any agent or by any other person shall not <br /> effect a waiver or a change in any part of this Policy nor prevent the Company from asserting <br /> any right under the terms of this Policy. <br /> 2. No change in, modification of, or assignment of interest under this Policy shall be effective <br /> except when made by a written endorsement to this Policy which is signed by an authorized <br /> representative of the Company. <br /> 3. .The titles and headings to the various parts, sections, subsections and endorsements of the <br /> Policy are included solely for ease of reference and do not in any way limit, expand or <br /> otherwise affect the provisions of such parts, sections, subsections or endorsements. <br /> K. Interpretation <br /> PF-18874(02l06) Page 9 of 10 <br />