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42 <br />CFC Underwriting Limited is Authorized and Regulated by the Financial Conduct Authority <br />©1999-2023 CFC Underwriting Ltd, All Rights Reserved <br />17. <br />If acquire an entity during the whose annual revenue does not exceed <br />20% of the annual revenue, as stated in its most recent annual financial <br />statements, cover is automatically extended under this Policy to include the entity as a <br />. <br />If acquire an entity during the whose annual revenue exceeds 20% of <br />the annual revenue, as stated in its most recent annual financial statements, cover <br />is automatically extended under this Policy to include the entity as a for 45 days. <br /> will consider providing cover for the acquired entity after the period of 45 days if: <br />a. give full details of the entity within 45 days of its acquisition; and <br />b. accept any amendment to the terms and conditions of this Policy and agree to <br />pay any additional required by . <br />In the event do not comply with a. and b. above, cover will automatically terminate for the <br />entity 45 days after the date of its acquisition. <br />Cover for any acquired entity is only provided under this Policy for any act, error or omission <br />committed or alleged to have been committed on or after the date of its acquisition. <br />No cover will be automatically provided under this Policy for any acquired entity: <br />a. whose business activities are materially different from business activities; <br />b. that has been the subject of any lawsuit, disciplinary action or regulatory investigation <br />in the 3 year period prior to its acquisition; or <br />c. that has experienced a in the 3 years period prior to its acquisition, if <br />have purchased or and the cost more than the <br />highest of or . <br />No cover will be provided under this Policy for premises or owned by any acquired <br />entity prior to the date of acquisition. <br />If during the consolidate, merge with or are acquired by another <br />entity then cover under this Policy will continue to apply but only in respect of any act, error or <br />omission committed or alleged to have been committed prior to the effective date of the <br />consolidation, merger or acquisition. <br />18. <br />If make any payment under this Policy and have any right of recovery against a <br /> in respect of this payment, then will maintain this right of recovery. will do <br />whatever is reasonably necessary to secure this right and will not do anything after the event <br />which gave rise to the claim to prejudice this right. <br />DocuSign Envelope ID: 72F9C354-1B5B-455A-97D1-8394D742F8AE