Percentage Shareholder Exclusion - DRR (ACE

Percentage Shareholder Exclusion
By way of endorsement to the policy, the parties are hereby agreed as follows (subject otherwise to all other
terms, conditions, limits of liability and exclusions of the policy):
The Insurer shall not be liable to make any payment for Loss based on arising from attributable to or in any
way connected with directly or indirectly any Claim brought by or on behalf of any person who or entity that
owns or controls […] or more of the issued share capital of the Company shown in Item 1 of the Schedule or
any Subsidiary.