Common use of Electronic Data Processing Media Valuation Clause in Contracts

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract or any endorsement thereto, it is understood and agreed as follows:- Should electronic data processing media insured by this Contract suffer physical loss or damage insured by this Contract, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Contract does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. NMA 2915 (25.1.01) 07IL\P2Z1059 Excess Catastrophe Reinsurance Contract Effective: June 1, 2007 issued to Philadelphia Insurance Company Bala Cynwyd, Pennsylvania Philadelphia Indemnity Insurance Company Bala Cynwyd, Pennsylvania and any and all other companies which are now or may hereafter become member companies of Philadelphia Insurance Companies First Excess Catastrophe Reinsurance Reinsurers Participations Ariel Reinsurance Company Limited 10.00 % Everest Reinsurance Company 56.00 Flagstone Reinsurance Limited 14.00 Swiss Reinsurance America Corporation 7.00 Validus Reinsurance, Ltd. 10.00 Through Bxxxxxxx Limited Lloyd’s Underwriters Per Signing Schedule 3.00 Total 100.00 % 07IL\P2Z1059 Page 1 of 6 Second Excess Catastrophe Reinsurance Reinsurers Participations ACE Tempest Reinsurance Ltd. 5.00 % Ariel Reinsurance Company Limited 10.00 Aspen Insurance Limited 10.00 AXIS Specialty Limited 2.00 Everest Reinsurance Company 20.00 Flagstone Reinsurance Limited 10.00 General Reinsurance Corporation 7.50 GMAC Re Corporation (for Motors Insurance Corporation) 3.50 Hannover Re (Bermuda), Ltd. 2.50 Swiss Reinsurance America Corporation 7.00 Transatlantic Reinsurance Company 7.50 Validus Reinsurance, Ltd. 10.00 Through Bxxxxxxx Limited (Placement Only) AXA RE 2.00 Through Bxxxxxxx Limited Lloyd’s Underwriters Per Signing Schedule 3.00 Total 100.00 % 07IL\P2Z1059 Page 2 of 6 Third Excess Catastrophe Reinsurance Reinsurers Participations Allied World Assurance Company Limited 6.00 % American Agricultural Insurance Company 1.00 Ariel Reinsurance Company Limited 10.00 Aspen Insurance Limited 5.00 AXIS Specialty Limited 2.00 Flagstone Reinsurance Limited 14.00 General Reinsurance Corporation 10.00

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract or any endorsement thereto, it is understood and agreed as follows:- Should electronic data processing media insured by this Contract suffer physical loss or damage insured by this Contract, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Contract does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. NMA N.M.A. 2915 (25.1.01) 07IL\P2Z1059 Excess Catastrophe Reinsurance Contract Effective: June 1, 2007 2004 issued to Philadelphia Insurance Company Bala Cynwyd, Pennsylvania Philadelphia Indemnity Insurance Company Bala Cynwyd, Pennsylvania and any and all other companies which are now or may hereafter become member companies of Philadelphia Insurance Companies First Excess Catastrophe Reinsurance Reinsurers Participations Ariel ACE Tempest Reinsurance Company Ltd. 5.0 % Axis Specialty Limited 10.00 % 10.0 Everest Reinsurance Company 56.00 Flagstone 10.0 Folksamerica Reinsurance Limited 14.00 Company 4.0 PXRE Reinsurance Company 5.0 Renaissance Reinsurance, Ltd. 10.0 Swiss Re Underwriters Agency, Inc. (for Swiss Reinsurance America Corporation) 10.0 Swiss Reinsurance America Corporation 7.00 Validus Reinsurance, Ltd. 10.00 10.0 Transatlantic Reinsurance Company 8.0 XL Re Ltd 5.0 Through Bxxxxxxx Limited (Placement Only) Munchener Ruckversicherungs-Gesellschaft 2.5 Through Bxxxxxxx Limited Lloyd’s Underwriters and Companies Per Signing Schedule 3.00 Schedule(s) 20.5 Total 100.00 100.0 % 07IL\P2Z1059 Page 1 of 6 Second Excess Catastrophe Reinsurance Reinsurers Participations ACE Tempest Reinsurance Ltd. 5.00 5.0 % Ariel Reinsurance Company Limited 10.00 Aspen American Re-Insurance Limited 10.00 AXIS Company, A Delaware Corporation 9.0 Axis Specialty Limited 2.00 3.0 Everest Reinsurance Company 20.00 Flagstone 5.0 Folksamerica Reinsurance Limited 10.00 Company 3.0 General Reinsurance Corporation 7.50 GMAC Re Corporation (for Motors Insurance Corporation) 3.50 10.0 Hannover Re (Bermuda), Ltd. 2.50 2.0 Partner Reinsurance Company 6.5 PXRE Reinsurance Company 1.5 Renaissance Reinsurance, Ltd. 4.0 Swiss Re Underwriters Agency, Inc. (for Swiss Reinsurance America Corporation) 10.0 Swiss Reinsurance America Corporation 7.00 4.0 Transatlantic Reinsurance Company 7.50 Validus Reinsurance, Ltd. 10.00 10.0 XL Re Ltd 3.0 Through Bxxxxxxx Limited (Placement Only) AXA RE 2.00 Munchener Ruckversicherungs-Gesellschaft 10.0 Through Bxxxxxxx Limited Lloyd’s Underwriters and Companies Per Signing Schedule 3.00 Schedule(s) 14.0 Total 100.00 100.0 % 07IL\P2Z1059 Page 2 of 6 Third Excess Catastrophe Reinsurance Reinsurers Participations Allied World Assurance Company Limited 6.00 American Re-Insurance Company, A Delaware Corporation 10.0 % American Agricultural Insurance Company 1.00 Ariel Everest Reinsurance Company Limited 10.00 Aspen Insurance Limited 5.00 AXIS Specialty Limited 2.00 Flagstone 10.0 Folksamerica Reinsurance Limited 14.00 Company 4.0 General Reinsurance Corporation 10.008.0 Hannover Re (Bermuda), Ltd. 3.0 Partner Reinsurance Company 12.5 PXRE Reinsurance Company 2.0 Swiss Reinsurance America Corporation 6.5 Transatlantic Reinsurance Company 15.0 XL Re Ltd 5.0 Through Bxxxxxxx Limited (Placement Only) Munchener Ruckversicherungs-Gesellschaft 10.0 Through Bxxxxxxx Limited Lloyd’s Underwriters and Companies Per Signing Schedule(s) 14.0 Total 100.0 % Fourth Excess Catastrophe Reinsurance Reinsurers Participations American Re-Insurance Company, A Delaware Corporation 10.0 % Folksamerica Reinsurance Company 3.0 Hannover Re (Bermuda), Ltd. 5.0 PXRE Reinsurance Company 2.5 Swiss Re Underwriters Agency, Inc. (for Swiss Reinsurance America Corporation) 10.0 Swiss Reinsurance America Corporation 7.0 Tokio Millennium Re Ltd. 15.0 Transatlantic Reinsurance Company 20.0 XL Re Ltd 5.0 Through Bxxxxxxx Limited (Placement Only) Munchener Ruckversicherungs-Gesellschaft 7.5 Through Bxxxxxxx Limited Lloyd’s Underwriters and Companies Per Signing Schedule(s) 15.0 Total 100.0 % Interests and Liabilities Agreement of ACE Tempest Reinsurance Ltd. Hamilton, Bermuda (hereinafter referred to as the “Subscribing Reinsurer”) with respect to the Excess Catastrophe Reinsurance Contract Effective: June 1, 2004 issued to and duly executed by Philadelphia Insurance Company Bala Cynwyd, Pennsylvania Philadelphia Indemnity Insurance Company Bala Cynwyd, Pennsylvania and any and all other companies which are now or may hereafter become member companies of Philadelphia Insurance Companies The Subscribing Reinsurer hereby accepts the following percentage shares in the interests and liabilities of the “Reinsurer” as set forth in the attached Contract captioned above:

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract or any endorsement thereto, it is understood and agreed as follows:- Should electronic data processing media insured by this Contract suffer physical loss or damage insured by this Contract, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Contract does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. NMA N.M.A. 2915 (25.1.01) 07IL\P2Z1059 Form approved by Lloyd’s Underwriters’ Non-Marine Association Limited Florida Only Excess Catastrophe Reinsurance Contract Effective: June 1, 2007 2004 issued to Philadelphia Liberty American Insurance Company Bala CynwydPinellas Park, Pennsylvania Philadelphia Indemnity Florida Mobile USA Insurance Company Bala CynwydPinellas Park, Pennsylvania Florida and any and all other companies which are now or may hereafter become member companies of Philadelphia Liberty American Insurance Companies Group, Inc. First Excess Catastrophe Reinsurance Reinsurers Participations Ariel Montpelier Reinsurance Limited 9.000 % Platinum Underwriters Reinsurance, Inc. 4.000 PXRE Reinsurance Company Limited 10.00 % Everest Reinsurance Company 56.00 Flagstone Reinsurance Limited 14.00 4.000 Swiss Re Underwriters Agency, Inc. (for Swiss Reinsurance America Corporation) 10.000 Through Bxxxxxxx Limited (Placement Only) Munchener Ruckversicherungs-Gesellschaft 4.000 Sirius International Insurance Corporation 7.00 Validus Reinsurance, Ltd. 10.00 1.000 Through Bxxxxxxx Limited Lloyd’s Underwriters and Companies Per Signing Schedule 3.00 Schedule(s) 68.000 Total 100.00 100.000 % 07IL\P2Z1059 Page 1 of 6 Second Excess Catastrophe Reinsurance Reinsurers Participations ACE Tempest Reinsurance Ltd. 5.00 % Ariel Reinsurance Company Limited 10.00 Aspen American Re-Insurance Limited 10.00 AXIS Specialty Limited 2.00 Everest Reinsurance Company 20.00 Flagstone Reinsurance Limited 10.00 Company, A Delaware Corporation 4.250 General Reinsurance Corporation 7.50 GMAC 16.000 Montpelier Reinsurance Limited 9.000 Platinum Underwriters Reinsurance, Inc. 2.000 PXRE Reinsurance Company 3.000 Swiss Re Corporation Underwriters Agency, Inc. (for Motors Insurance Swiss Reinsurance America Corporation) 3.50 8.500 Through Bxxxxxxx Limited (Placement Only) Munchener Ruckversicherungs-Gesellschaft 4.000 Sirius International Insurance Corporation 1.500 Through Bxxxxxxx Limited Lloyd’s Underwriters and Companies Per Signing Schedule(s) 51.750 Total 100.000 % Third Excess Catastrophe Reinsurance Reinsurers Participations American Re-Insurance Company, A Delaware Corporation 10.000 % General Reinsurance Corporation 13.333 Hannover Re (Bermuda), Ltd. 2.50 7.500 Montpelier Reinsurance Limited 10.000 Platinum Underwriters Reinsurance, Inc. 4.667 PXRE Reinsurance Company 3.000 Swiss Re Underwriters Agency, Inc. (for Swiss Reinsurance America Corporation 7.00 Transatlantic Reinsurance Company 7.50 Validus Reinsurance, Ltd. 10.00 Corporation) 10.000 Through Bxxxxxxx Limited (Placement Only) AXA RE 2.00 Munchener Ruckversicherungs-Gesellschaft 6.000 Sirius International Insurance Corporation 1.500 Through Bxxxxxxx Limited Lloyd’s Underwriters and Companies Per Signing Schedule 3.00 Schedule(s) 34.000 Total 100.00 100.000 % 07IL\P2Z1059 Page 2 of 6 Third Fourth Excess Catastrophe Reinsurance Reinsurers Participations Allied World Assurance Company American Re-Insurance Company, A Delaware Corporation 10.000 % Hannover Re (Bermuda), Ltd. 15.000 Montpelier Reinsurance Limited 6.00 10.000 Platinum Underwriters Reinsurance, Inc. 4.500 Tokio Millennium Re Ltd. 17.265 Through Bxxxxxxx Limited (Placement Only) Munchener Ruckversicherungs-Gesellschaft 6.000 Sirius International Insurance Corporation 3.000 Through Bxxxxxxx Limited Lloyd’s Underwriters and Companies Per Signing Schedule(s) 34.235 Total 100.000 % Interests and Liabilities Agreement of American Agricultural Re-Insurance Company 1.00 Ariel A Delaware Corporation (hereinafter referred to as the “Subscribing Reinsurer”) with respect to the Florida Only Excess Catastrophe Reinsurance Contract Effective: June 1, 2004 issued to and duly executed by Liberty American Insurance Company Limited 10.00 Aspen Pinellas Park, Florida Mobile USA Insurance Limited 5.00 AXIS Specialty Limited 2.00 Flagstone Company Pinellas Park, Florida and any and all other companies which are now or may hereafter become member companies of Liberty American Insurance Group, Inc. The Subscribing Reinsurer hereby accepts the following percentage shares in the interests and liabilities of the “Reinsurer” as set forth in the attached Contract captioned above: 0% of the First Excess Catastrophe Reinsurance Limited 14.00 General 4.250% of the Second Excess Catastrophe Reinsurance Corporation 10.0010.000% of the Third Excess Catastrophe Reinsurance

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract or any endorsement thereto, it is understood and agreed as follows:- Should electronic data processing media insured by this Contract suffer physical loss or damage insured by this Contract, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Contract does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. NMA 2915 (25.1.01) 07IL\P2Z1059 07IL\M2U1138 Page 1 of 2 Florida Only Excess Catastrophe Reinsurance Contract Effective: June 1, 2007 issued to Philadelphia Liberty American Insurance Company Bala CynwydPinellas Park, Pennsylvania Philadelphia Indemnity Florida Liberty American Select Insurance Company Bala CynwydPinellas Park, Pennsylvania Florida and any and all other companies which are now or may hereafter become member companies of Philadelphia Liberty American Insurance Companies Group, Inc. First Excess Catastrophe Reinsurance Reinsurers Participations Ariel Reinsurance Company Limited 10.00 % DaVinci Reinsurance Ltd. 17.50 Everest Reinsurance Company 56.00 5.00 Flagstone Reinsurance Limited 14.00 Swiss 30.00 New Castle Reinsurance America Corporation 7.00 Validus Company Ltd. 8.00 Renaissance Reinsurance, Ltd. 10.00 17.50 Transatlantic Reinsurance Company 5.00 Through Bxxxxxxx Limited Lloyd’s Underwriters Per Signing Schedule 3.00 7.00 Total 100.00 % 07IL\P2Z1059 Page 1 of 6 Second Excess Catastrophe Reinsurance Reinsurers Participations ACE Tempest Reinsurance Ltd. 5.00 % Ariel Reinsurance Company Limited 10.00 Aspen % Cxxxxx Insurance Limited Company Ltd. 5.50 DaVinci Reinsurance Ltd. 10.00 AXIS Specialty Limited 2.00 Everest Reinsurance Company 20.00 Flagstone Reinsurance Limited 10.00 General 30.00 Harbor Point Re Limited 9.00 New Castle Reinsurance Corporation 7.50 GMAC Re Corporation (for Motors Insurance Corporation) 3.50 Hannover Re (Bermuda)Company Ltd. 8.00 Renaissance Reinsurance, Ltd. 2.50 10.00 Swiss Reinsurance America Corporation 7.00 7.50 Transatlantic Reinsurance Company 7.50 Validus Reinsurance, Ltd. 10.00 Through Bxxxxxxx Limited (Placement Only) AXA RE 2.00 5.00 Through Bxxxxxxx Limited Lloyd’s Underwriters Per Signing Schedule 3.00 5.00 Total 100.00 % 07IL\P2Z1059 07IL\M2U1138 Page 2 of 6 2 Third Excess Catastrophe Reinsurance Reinsurers Participations Allied World Assurance Company Limited 6.00 % American Agricultural Insurance Company 1.00 Ariel Reinsurance Company Limited 10.00 % Aspen Insurance Limited 5.00 AXIS Specialty Limited 2.00 10.00 Cxxxxx Insurance Company Ltd. 5.50 Flagstone Reinsurance Limited 14.00 General 25.00 Hannover Re (Bermuda), Ltd. 8.00 Harbor Point Re Limited 2.50 Montpelier Reinsurance Limited 7.50 New Castle Reinsurance Company Ltd. 4.00 Swiss Reinsurance America Corporation 10.007.50 Through Bxxxxxxx Limited Lloyd’s Underwriters Per Signing Schedule 20.00 Total 100.00 % Fourth Excess Catastrophe Reinsurance Reinsurers Participations Ariel Reinsurance Company Limited 7.00 % Cxxxxx Insurance Company Ltd. 4.50 DaVinci Reinsurance Ltd. 12.50 Flagstone Reinsurance Limited 7.50 Hannover Re (Bermuda), Ltd. 6.35 Harbor Point Re Limited 6.50 Montpelier Reinsurance Limited 7.50 New Castle Reinsurance Company Ltd. 2.00 Renaissance Reinsurance, Ltd. 12.50 Swiss Reinsurance America Corporation 7.50 Transatlantic Reinsurance Company 10.00 XL Re Ltd 5.00 Through Bxxxxxxx Limited Lloyd’s Underwriters Per Signing Schedule 11.15 Total 100.00 % 07IL\M2U1138 Page 2 of 2 Interests and Liabilities Agreement of Ariel Reinsurance Company Ltd. Hamilton, Bermuda (hereinafter referred to as the “Subscribing Reinsurer”) with respect to the Florida Only Excess Catastrophe Reinsurance Contract Effective: June 1, 2007 issued to and duly executed by Liberty American Insurance Company Pinellas Park, Florida Liberty American Select Insurance Company Pinellas Park, Florida and any and all other companies which are now or may hereafter become member companies of Liberty American Insurance Group, Inc. The Subscribing Reinsurer hereby accepts the following percentage shares in the interests and liabilities of the “Reinsurer” as set forth in the attached Contract captioned above: