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2. Optional Extended Reporting Period a. If the Insurer cancels or nonrenews this Policy for reasons other than fraud or non-payment of premium or the Named Insured cancels or nonrenews this Policy, then the Named Insured shall have the right to purchase an optional Extended Reporting Period to immediately follow the end of the Policy Period. b. The right to purchase the optional Extended Reporting Period will lapse unless, within thirty (30) days following the end of the Policy Period, the Insurer receives written notice of the Extended Reporting Period option elected along with payment of the additional premium for such optional Extended Reporting Period, as set forth in the Declarations. c. If purchased, the optional Extended Reporting Period cannot be canceled by the Insured and cannot be canceled by the Insurer,except for non-payment of premium. d. As a condition precedent to the Named Insured's option to elect the optional Extended Reporting Period,any and all premiums and Retentions that are due must have been paid and the Named Insured must have complied with all other terms and conditions of this Policy. e. If the optional Extended Reporting Period is purchased, it shall run concurrently with the automatic Extended Reporting Period. 3. Coverage under any Extended Reporting Period applies only to Claims first made during the Extended Reporting Period, and only for Wrongful Acts, Privacy Events, or Network Security Events actually or allegedly taking place on or after the Retroactive Date and before the end of the Policy Period. Any such Claim will be deemed to have been made during the Policy Period. 4. The Extended Reporting Periods shall be subject to all other terms and conditions of this Policy. III. DEFINITIONS Whether in the singular or plural: Additional Insured means any person or entity that a Company.is required by written contractto add as an Insured to this Policy. Application means all applications, including any written application and all attachments, and all other materials and information provided by or on behalf of the Insured to the Insurer for purposes of underwriting this Policy or any policy of which this Policy is a direct or indirect renewal or replacement. Bodily Injury means physical injury, sickness, disease, or death of any person, and emotional distress or mental anguish arising out of the foregoing. Breach Costs means reasonable and necessary fees, costs, charges, and expenses, charged by a Breach Response Vendor and incurred by the Company within twelve (12) months after a Privacy Event or Network Security Event is Discovered,to: 1. conduct any investigation, including a computer forensic investigation, and analysis of the Insured's Computer System to determine the cause and extent of such Privacy Event or Network Security Event; Endurance American Specialty Insurance Company Page 3 of 30 SPP 20010119