COMMERCIAL GENERAL LIABILITY INSURANCE. Policy No. CATWL10731 Agreement No. WNR/BGH/08/0019 Previous Policy No. N/A

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1 LLOYD S COMMERCIAL GENERAL LIABILITY INSURANCE Effected with certain Lloyd s Underwriters (hereinafter called Underwriters and/or Company and/or Insurer ) through Lloyd s Approved Coverholder ( the Coverholder ): Item 1. `DECLARATIONS Named Insured and Mailing Address HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS 7 WINDAL AVENUE, TORONTO, ONTARIO, M9N 2C2 Chutter Underwriting Services West 1st Street North Vancouver, British Columbia V7M 3G8 Canada Policy No. CATWL10731 Agreement No. WNR/BGH/08/0019 Previous Policy No. N/A Broker MEGSON FITZPATRICK INC. INSURANCE BROKERS Broker No Item 2. Policy Period: Effective from FEBRUARY 14, 2009 to FEBRUARY 14, 2010 Both days at 12:01 a.m. Standard Time at the Mailing Address of the Named Insured as stated. Item 3. Premium $34,523 (i) Adjustment Rate FLAT (ii) Minimum Retained Premium $17,262 Except $8,631 with respect to cancellation requested by the Premium Financing Company. Item 4. Limits of Liability: Coverage: Commercial General Liability Amount: CAD $5,000,000 Each Accident or Occurrence CAD $5,000,000 Annual Aggregate (Products/Completed Operations) Coverage: S.P.F. No. 6 Standard Non-Owned Automobile Policy Amount: CAD $5,000,000 (Exclusive of interest and costs) for loss or damage resulting from Bodily Injury to or the death of one or more persons, and for loss or damage to property, regardless of the number of claims arising from one accident. Item 5. Insured s Operations: ASSOCIATION Item 6. Item 7. Wordings and endorsement attached hereto: Schedule WNR/BGH/08/0019 Lloyd s Underwriters Policyholders Complaint Protocol Notice Concerning Personal Information Wording: CUS CGL (12/02) S.P.F. No. 6 Standard Non-Owned Automobile Policy 1. NMA1978a Nuclear Incident Exclusion Clause Liability Direct (Broad) Canada 2. NMA2918 Amended War and Terrorism Exclusion Endorsement 3. Total Pollution Exclusion 4. Asbestos Exclusion 5. Fungus Exclusion 6. Deductible ($2,500) 7. All Risks Tenant's Legal Liability 8. Medical Expense Insurance 9. Forest Fire Fighting Expense Endorsement 10. Participants Exclusion 11. Attached 12. Attached 13. Data Exclusion The Intermediary negotiating this insurance on behalf of the Coverholder is: Windsor Partners Limited, 2 America Square, London EC3N 2LU The insurance contract consists of this Declarations page as well as all coverage wordings, riders, or endorsements that are attached hereto. CUS CGL (12/02)

2 IDENTIFICATION OF INSURER / ACTION AGAINST INSURER This insurance has been effected in accordance with the authorization granted to the Coverholder by the Underwriting Members of the Syndicates whose definitive numbers and proportions are shown in the Table attached to Agreement No. WNR/BGH/08/0019 (hereinafter referred to as the Underwriters ). The Underwriters shall be liable hereunder each for his own part and not one for another in proportion to the several sums that each of them has subscribed to the said Agreement. In any action to enforce the obligations of the Underwriters they can be designated or named as Lloyd s Underwriters and such designation shall be binding on the Underwriters as if they had each been individually named as defendant. Service of such proceedings may validly be made upon the Attorney In Fact in Canada for Lloyd s Underwriters, whose address for such service is 1155 rue Metcalfe, Suite 1540, Montreal, Quebec H3B 2V6. SEVERAL LIABILITY NOTICE The subscribing Insurer s obligations under contracts of insurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing Insurers are not responsible for the subscription of any co-subscribing Insurer who for any reason does not satisfy all or part of its obligations. NOTICE Any notice to the Underwriters may be validly given to the Coverholder. In witness whereof this policy has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Per. The Insured is requested to read this policy, and if incorrect, return it immediately for alteration. IT IS HEREBY AGREED that Item 3 of the General Conditions is amended to read as follows: 3. Notice of Claim or Suit In the event of an occurrence likely to result in a claim under this insurance, immediate notice should be given to the Coverholder whose name and address appears in the Declarations. All inquiries and disputes are also to be addressed to this Coverholder. Such notice shall contain all available information pertaining to such accident or occurrence which is obtainable at the time. If claim is made or suit is brought against the Insured, the Insured shall immediately forward to the Coverholder every demand, notice, summons or other process received by the Insured or by the Insured s representative. THIS POLICY CONTAINS A CLAUSE WHICH MAY LIMIT THE AMOUNT PAYABLE. Date Issued: FEBRUARY 16, 2009 CUS CGL (12/02)

3 WINDSOR PARTNERS LIMITED Canadian Third Party and Products Liability Binding Authority Contract Security Schedule WNR/BGH/08/0019 Attaching to and forming part of Policy No.: CATWL % SJC 2003 Catlin Underwriting Agencies Limited 20% HMA 3245 Heritage Managing Agency Limited CUS CGL (12/02)

4 Should a policyholder wish to file a complaint relative to a policy with Lloyd s Underwriters effected through you, the policyholder must be provided with the following Lloyd s Underwriters Complaint Protocol: LLOYD S UNDERWRITERS POLICYHOLDERS COMPLAINT PROTOCOL If you have a complaint with any aspect of your policy with Lloyd s Underwriters: You may contact the broker/agent who arranged your policy for you. Should you be dissatisfied with the outcome of your broker s resolution, please submit your written complaint to: Lloyd s Canada Inc. Tel: LLOYDS Broker Management Services Fax: (514) rue Metcalfe, Suite lineage@lloyds.ca Montreal, Quebec H3B 2V6 Your written complaint will be forwarded to Lloyd s Policyholder and Market Assistance Department in London which ensures that Lloyd s Underwriters and their representatives deal with claims and complaints in an acceptable manner. It acts as an impartial mediator. When undertaking a review this Department takes account of general legal principles, good insurance practice, and whether all events surrounding a given case have been considered fairly. If you are dissatisfied with Lloyd s Policyholder and Market Assistance Department s final letter from London, you may ask the General Insurance OmbudService (GIO) to arrange for mediation. Mediation is not available until Lloyd s has issued its final letter of position on your complaint. OR You may contact the General Insurance OmbudService (GIO) who will contact Lloyd s on your behalf. However, you must first have tried to resolve your problem with your insurance company. The GIO can be reached across Canada at its national toll-free number: For more information or to submit the facts of your insurance-related dispute, please visit the GIO website at GIO - Alberta can be contacted where a policyholder is not satisfied with the basis on which a premium for basic coverage for a private passenger vehicle was determined, or considers that an insurer, directly or indirectly, has taken an adverse contractual action with respect to insurance for basic coverage. In Québec, you may also avail yourself of the services of Autorité des marchés financiers (l Autorité). Should you be dissatisfied with Lloyd s Policyholder and Market Assistance Department s final letter from London, you may request Lloyd s Canada Inc. to send your complaint to l Autorité who will study your file and may recommend mediation, if it deems this action appropriate and if both parties agree to it. L Autorité can be reached at: Autorité des marchés financiers (l Autorité) Québec City (418) Montréal (514) Toll-free: Renseignements-consommateur@lautorite.qc.ca 02/08 LSW1542B CUS11/08

5 NOTICE CONCERNING PERSONAL INFORMATION By purchasing insurance from certain Underwriters at Lloyd s, London ( Lloyd s ), a customer provides Lloyd s with his or her consent to the collection, use and disclosure of personal information, including that previously collected, for the following purposes: the communication with Lloyd s policyholders the underwriting of policies the evaluation of claims the detection and prevention of fraud the analysis of business results purposes required or authorized by law For the purposes identified, personal information may be disclosed to Lloyd s related or affiliated organizations or companies, their agents/mandataires, and to certain non-related or unaffiliated organizations or companies. Further information about Lloyd s personal information protection policy may be obtained from the customer s broker or by contacting Lloyd s on or through info@lloyds.ca 07/05 LSW1543 CUS11/08

6 COMMERCIAL GENERAL LIABILITY POLICY IN CONSIDERATION of the payment of the premium and subject to the Declarations, Insuring Agreements, Exclusions, Limits of Liability, Conditions and other terms of this Policy, THE INSURER HEREBY AGREES TO INSURE THE INSURED in the manner and to the extent herein set forth. INSURING AGREEMENT The Insurer agrees to pay on behalf of the Insured all sums which the Insured shall become legally obligated to pay as compensatory damages by reason of liability imposed upon the Insured by law, or assumed by the Insured under contract: 1. PERSONAL INJURY LIABILITY because of Personal Injury sustained by any person or persons as a result of an occurrence during the Policy Period. 2. PROPERTY DAMAGE LIABILITY because of damage to or destruction of or loss of use of tangible property caused by an occurrence during the Policy Period. 3. DEFENSE, SETTLEMENT, INVESTIGATION AND NEGOTIATION With respect to such insurance as is afforded by this Policy, the Insurer shall: (a) If claim is made or suit brought within Canada or the United States of America, their territories or possessions, defend any such claim or suit against the Insured even if such claim or suit is groundless, false or fraudulent. The Insurer shall make such investigation, negotiation and settlement of any claim or suit, as it deems expedient. If claim is made or suit is brought elsewhere than within Canada or the United States of America, their territories or possessions, the Insurer shall have the right, but not the duty, to investigate and settle such claims and defend such suits. In any case in which the Insurer elects not to investigate, settle or defend, the Insured under the supervision of the Insurer, shall make or cause to be made such investigation and defense as is reasonably necessary, and subject to prior authorization by the Insurer, will effect to the extent possible such settlement or settlements as the Insurer deems prudent. The Insurer shall reimburse the Insured as quickly as possible for the reasonable cost of such investigation, settlement or defense. (b) Pay all premiums on bonds to release attachments for an amount not in excess of the applicable limit of liability of this Policy, all premiums on appeal bonds required in any such defended suit, but without any obligation to apply for or furnish any such bonds. (c) Pay all expenses incurred by the Insured, all legal costs or any other costs taxed against the Insured in any such suit or appeal or judgment and all interest accruing after entry of judgment until the Insurer has paid or tendered or deposited in court such part of such judgment as does not exceed the limit of the Insurer s liability thereon. (d) Pay all expenses incurred by the Insured for such immediate medical, dental and surgical relief to others as shall be necessary at the time of an accident or occurrence. (e) Reimburse the Insured for all reasonable expenses, including loss of earnings which shall be subject to One Hundred Dollars ($100.00) a day maximum per person, incurred at the Insurer s request. EXCLUSIONS and the amounts so incurred, except settlements of claims and suits, are payable by the Insurer in addition to the applicable limits of liability of this policy. This Policy does not apply to: 1. fines or penalties, for which the Insured is liable by reason of failure to comply with any statute, rule or regulation. 2. claims arising out of the liability imposed upon or assumed by the Insured under any worker s compensation statute or assessments by any worker s compensation board. 3. with respect to Personal Injury coverage as defined in Definition 4 (b) to (d) inclusive: (a) to injury caused by the willful violation of a penal statute or ordinance committed by or with the knowledge or consent of the Insured; (b) to acts committed in connection with advertising, by or in the interest of the Insured. 4. Personal Injury as defined under Definition 4 (a) caused intentionally by or at the direction of the Insured except when caused to protect persons or property. 5. Personal Injury to an employee of the Insured arising out of and in the course of employment by the Insured. This exclusion applies: 1) whether the Insured may be liable as an employer or in any other capacity; and 2) to any obligation to share compensatory damages with or repay someone else who must pay compensatory damages because of the injury. CUS CGL (12/02)

7 This exclusion does not apply: (1) to liability assumed by the Insured under contract; or (2) to employees on whose behalf contributions are made by or required to be made by the Insured under the provisions of any workers compensation law. 6. Personal Injury (Definition 4[a]) or Property Damage arising out of the ownership, use or operation by or on behalf of the Insured of: (a) any automobile, motorized snow vehicle, self-propelled land motor vehicle, trailer, semi-trailer, their equipment mounted on or attached thereto, with respect to which any motor vehicle liability policy is in effect or is required by law to be in effect. (b) any vehicle while being used in any speed or demolition contest or in any stunting activity or in practice or preparation for any such contest or activity. (c) any watercraft over One Hundred (100) tons gross registry. It is understood for the purpose of this exclusion the term watercraft does not include logs, log rafts, cribs or barges. But this exclusion shall not apply to Personal Injury to an employee of the Insured on whose behalf contributions are made by or required to be made by the Insured under the provisions of any workers compensation law. 7. Personal Injury (Definition 4[a]) or Property Damage arising out of the ownership, maintenance, existence, use, operation, loading or unloading, or the entrustment to others, by or on behalf of the Insured of (a) any aircraft (b) any premises for the purpose of any airport or aircraft landing area and all operations which are necessary or incidental thereto. (c) any air cushion vehicle. 8. Loss of use of tangible property which has not been physically injured or destroyed resulting from: (a) a delay in or lack of performance by or on behalf of the Insured of any contract or agreement. (b) the failure of the Insured s products or work performed by or on behalf of the Insured to meet the level of performance, quality, fitness or durability warranted or represented by the Insured. but this exclusion does not apply to loss of use of other tangible property resulting from the sudden and accidental physical injury to or destruction of the Insured s products or work performed by or on behalf of the Insured after such products or work have been put to use by any person or organization other than the Insured. 9. Damage to or destruction of including loss of use of: (a) property owned or occupied by or rented to the Insured, property held by the Insured for sale or property entrusted to the Insured for storage or safekeeping; (b) except with respect to liability under sidetrack agreements, crossing agreements, rights of way, or other like privileges pertaining to railway property or the use of elevators or escalators at premises owned, rented or controlled by the Insured; (i) property while on premises owned by or rented to the Insured for the purpose of having operations performed on such property by or on behalf of the Insured; (ii) tools or equipment while being used by the Insured in performing its operations; (iii) property in the custody of the Insured which is to be installed, erected or used in construction by the Insured; (iv) that particular part of any property, not on premises owned by or rented to the Insured, A. upon which operations are being performed by or on behalf of the Insured at the time of the damage thereto or destruction thereof, arising out of such operations, or B. out of which any damage or destruction arises, or C. the restoration, repair or replacement of which has been made or is necessary by reason of faulty workmanship thereon by or on behalf of the Insured; (v) property which is being transported by the Insured by motor vehicle, team or watercraft, including the loading or unloading there of. (c) Insured s products. (d) that particular part of work performed by the Insured out of which an accident arises due to faulty workmanship. 10. Personal Injury or Property Damage arising out of the rendering of an act, error, omission or mistake committed or alleged to have been committed by or on behalf of the insured in the rendering or failure to render professional services or advice, whether or not acting in a professional capacity, except those services rendered by first aid personnel. 11. A. Any liability arising out of the actual, alleged, or threatened discharge, dispersal, seepage, release, or escape of pollutants: (1) at or from any premises, site or location which is or was at any time, owned or occupied by, or rented or loaned to any Insured; (2) at or from any premises, site or location which is or was at any time, used by or for any Insured or others for the handling, storage, disposal, processing or treatment of waste; (3) which are or were at any time transported, handled, stored, treated, disposed of, or processed as waste by or for any Insured or any person or organization for whom the Insured may be legally responsible; or (4) at or from any premises, site or location on which any Insured or any contractors or subcontractors working directly or indirectly on any Insured's behalf are performing operations: (a) if the pollutants are brought on or to the premises, site or location in connection with such operations by such Insured, contractor or subcontractor; or (b) if the operations are to test for, monitor, cleanup, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effect of pollutants. Sub-paragraphs (1) and (4)(a) of the paragraph A. of this exclusion do not apply to bodily injury or property damage caused by heat, smoke or fumes from a hostile fire. As used in this exclusion, a hostile fire means one which becomes uncontrollable or breaks out from where it was intended to be. CUS CGL (12/02)

8 B. Any loss, cost or expense arising out of any request, demand or order that any Insured or others test for, monitor, clean up, remove, contain, treat, detoxify or neutralize or in any way respond to, or assess the effect of pollutants. C. Fines, penalties, punitive or exemplary damages arising directly or indirectly out of the discharge, dispersal, release or escape of any pollutants. As used in this exclusion, Pollutants means any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned, reclaimed or disposed of. 12. to any liability of the Insured directly or indirectly occasioned by, happening through or in consequence of war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection or military or usurped power or confiscation or nationalization or requisition or destruction of or damage to property by or under the order of any government or public or local authority. 13. damages or expenses incurred for the withdrawal, inspection, repair, replacement or loss of use of the Named Insured's products or work completed by or for the Named Insured or of any property of which such products or work form a part, if such products, work or property are withdrawn from the market or from use because of any known or suspected defect or deficiency therein. 14. A. to liability imposed by or arising under the Nuclear Liability Acts nor B. to personal injury or property damage with respect to which an Insured under this policy is also Insured under a contract of nuclear energy liability insurance (whether the Insured is unnamed in such contract and whether or not it is legally enforceable by the Insured) issued by Nuclear Insurance Association of Canada or by any other company or group or pool of insurers or would be an Insured under any such policy but for its termination upon exhaustion of its limit of liability, nor C. to personal injury or property damage resulting directly or indirectly from the nuclear energy hazard arising from: (i) the ownership, maintenance, operation or use of a nuclear facility by or on behalf of an Insured; (ii) the furnishing by an Insured of services, materials, parts or equipment in connection with the planning, construction maintenance, operation or use of any nuclear facility; and (iii) the possession, consumption, use, handling, disposal or transportation of fissionable substances, or of other radioactive material (except radioactive isotopes, away from a nuclear facility, which have reached the final stage of fabrication so as to be useable for any scientific, medical, agricultural, commercial or industrial purpose) used, distributed, handled or sold by an Insured. As used in this policy 1. The term "nuclear energy hazard" means the radioactive, toxic, explosive, or other hazardous properties of radioactive material. 2. The term "radioactive material" means uranium, thorium, plutonium, neptunium, their respective derivatives and compounds, radioactive isotopes of other elements and any other substances that Atomic Energy Control Board may, by regulation, designate as being prescribed substances capable of releasing atomic energy, or as being requisite for the production, use or application of atomic energy. 3. The term "nuclear facility" means: a. any apparatus designed or used to sustain nuclear fission in a self-supporting chain reaction or to contain a critical mass of plutonium, thorium and uranium or any one or more of them. b. any equipment or device designed or used for (i) separating the isotopes of plutonium, thorium and uranium or any one or more of them, (ii) processing or utilizing spent fuel, or (iii) handling, processing or packaging waste. c. any equipment or device used for the processing, fabricating of alloying of plutonium, thorium or uranium enriched in the isotope uranium 233 or in the isotope uranium 235, or any one or more of them if at any time the total amount of such material in the custody of the Insured at the premises where such equipment or device is located consists of or contains more than 25 grams of plutonium or uranium 233 or any combination thereof, or more than 250 grams or uranium 235. d. any structure, basin, excavation, premises or place prepared or used for the storage or disposal of waste radioactive material, and includes the site on which any of the foregoing is located, together with all operations conducted thereon and all premises used for such operations. 4. The term "fissionable substance" means any prescribed substance that is or from which can be obtained a substance capable of releasing atomic energy by nuclear fission. 5. With respect to property, loss of use of such property shall be deemed to be damage to or destruction of property. The insurance afforded with respect to liability assumed under contract is subject to following additional exclusions: 15. Personal injury as defined in Definition 4b) to 4d) inclusive for which the Insured has assumed liability under any contract. 16. Personal injury or Property Damage for which the Insured has assumed liability under any contract, if such injury or damage occurred prior to the execution of the contract. 17. If the indemnitee of the Insured is an architect, engineer or surveyor, to the liability of the indemnitee, his agents or employees, arising out of: (a) the preparation or approval of or the failure to prepare or approve maps, drawings, opinions, reports, surveys, change orders, designs or specifications, or (b) the giving of or the failure to give directions or instructions by the indemnitee, his agents or employees, provided such giving or failure to give is the primary cause of the Personal injury or Property Damage. The insurance afforded to Additional Insureds required to be added to this Policy by contract is subject to this further exclusion: 18. Personal Injury or Property Damage arising out of the rendering of or the failure to render professional services by such Insured, including: (a) the preparation or approval of maps, drawings, opinions, reports, surveys, change orders, designs or specifications, and (b) supervisory, inspection, or engineering services. CUS CGL (12/02)

9 DEFINITIONS 1. NAMED INSURED The Named Insured is as stated in the Declarations. 2. INSURED The unqualified word "Insured" includes the Named Insured and also includes: (a) any partner, officer, director, employee or shareholder with respect to acts performed on behalf of the Named Insured in that capacity. (b) any owner, person, firm, organization, trustee, estate or governmental entity to whom or to which the Named Insured has contracted to effect insurance by virtue of a contract of agreement or by the issuance or existence of a permit. But the insurance provided for such additional insured is restricted to apply solely to liability arising out of operations performed under said contract and only to the extent required by such contract; It is understood and agreed however that the above extension (b) does not apply to subcontractors or contractors working on behalf of the Named Insured. (c) co-owners, joint ventures or partners having a non-operating interest with the Named Insured in the operations insured hereunder. (d) all employee social clubs which manage, operate, control or supervise recreational activities under the auspices of the Named Insured. (e) any organization you newly acquire or form, other than a partnership or joint venture, and over which you maintain ownership or majority interest, will be deemed an Insured. However: a. The insurance granted to such organization is excess to, and shall not contribute with, previously arranged insurance of such organization; b. Coverage under this provision is afforded only until the 90th day after you acquire or form the organization or the end of the policy period, whichever is earlier; c. Coverage does not apply to personal injury or property damage that occurred before you acquired or formed the organization; and d. Coverage does not apply to personal injury arising out of an offense committed before you acquired or formed the organization. No person or organization is an Insured with respect to the conduct of any current or past partnership or joint venture that is not shown as a Named Insured in the Declarations. Nothing in this definition relieves the Named Insured of its obligation to make a full disclosure of matters material to the risk and to report to the Company material change in the risk during the currency of the policy. 3 OCCURRENCE The term "Occurrence" means an accident, happening or event, including continuous or repeated exposure to substantially the same general harmful conditions during the policy period, which results in Personal Injury or Property Damage neither expected nor intended from the standpoint of the Insured. 4. PERSONAL INJURY The term "Personal Injury" wherever used in the Policy shall mean: (a) Bodily Injury, mental anguish, shock, sickness, or disease, including death at any time resulting therefrom, or (b) False arrest, malicious prosecution, willful or wrongful detention or imprisonment, or (c) Libel, slander, defamation of character, or (d) Invasion of privacy, right of privacy, wrongful eviction or wrongful entry, trespass, including any other legal action alleging the foregoing by any other name. 5. COMPLETED OPERATIONS HAZARD "Completed Operations Hazard" includes Personal Injury or Property Damage arising out of operations, but only if the Personal Injury or Property Damage occurs after such operations have been completed or abandoned and occurs away from premises owned by or rented to the Insured. Operations include materials, parts or equipment furnished in connection therewith and also includes warranties or representations made at any time with respect to the fitness, quality, durability or performance of same. Operations shall be deemed completed at the earliest of the following times: (a) when all operations to be performed by or on behalf of the Insured under the contract have been completed; (b) when all operations to be performed by or on behalf of the Insured at the site of the operations have been completed; (c) when the portion of the work out of which the Personal Injury or Property Damage arises has been put to its intended use by any persons or organization other than another contractor or subcontractor working on the same project. Operations which may require further service or maintenance work or correction, repair or replacement, but which are otherwise complete, shall be deemed completed. The Completed Operations Hazard shall not include: (a) operations in connection with the pick up and delivery of property; (b) the existence of tools, uninstalled equipment or abandoned or unused materials. 6. PRODUCTS HAZARD "Products Hazard" includes Personal Injury and Property Damage arising out of Insured's Products but only if such Personal Injury or Property Damage occurs away from premises owned by or rented to the Insured and after physical possession of such products has been relinquished to others. CUS CGL (12/02)

10 7. INSURED'S PRODUCTS "Insured's Products" means goods or products, other than real property, manufactured, sold, handled or distributed by the Insured or by others trading under his name, including any container thereof (other than a vehicle), but shall not include a vending machine or any property other than such container, rented to or located for use of others, but not sold. "Insured's Products includes warranties or representations made at any time with respect to the fitness, quality, durability or performance of any of the items included in the paragraph above. GENERAL CONDITIONS 1. LIMITS OF LIABILITY The limit of the Insurer's liability under this Policy shall be the amount stated in the Declarations as "Each Occurrence" for damages for any one occurrence regardless of the number of: a.) Insureds; b.) Claims made or actions brought; c.) Persons or organizations making claims or bringing actions Subject to such limit, the amount stated in the Declarations as "aggregate" is the total limit of liability for any number of Occurrences in any one policy period, if caused by the Products Hazard or Completed Operations Hazard as defined herein. 2. SEVERABILITY OF INSUREDS Except for the Limits of Liability and specific obligations of the Named Insured under this policy, this insurance shall apply separately to each Insured as to policy coverage, exclusions, terms and conditions in the same manner and to the same extent as though a separate policy had been issued to each Insured. Any breach of a condition of this policy by any Insured shall not affect the protection given by this policy to any other Insured who is not or was not a party to such breach of condition. 3. NOTICE OF CLAIM OR SUIT Upon the happening of an accident or Occurrence which may give rise to a claim hereunder, the Insured shall give notice thereof as soon as practicable after notice has been received by the Insured, to the Insurer. Such notice shall contain all available information pertaining to such accident or occurrence which is obtainable at the time. If claim is made or suit is brought against the Insured, the Insured shall immediately forward to the Insurer every demand, notice, summons or other process received by the Insured or by the Insured's representative. 4. ASSISTANCE AND COOPERATION The Insured shall cooperate with the Insurer and, upon the Insurer's request, assist in making settlements, in the conduct of suits and in enforcing any right of contribution or indemnity against any person or organization who may be liable to the Insured because of injury or damage with respect to which insurance is afforded under this Policy; and the Insured shall attend hearings and trials and assist in securing and giving evidence and obtaining the attendance of witnesses. 5. ASSUMPTION OF LIABILITY The Insured shall not, except at its own cost, voluntarily make any payment, assume any obligation or incur any expenses other than for first aid to others at the time of occurrence. 6. ACTION AGAINST INSURER No action shall lie against the Insurer unless, as a condition precedent thereto, there shall have been full compliance with all of the terms of this Policy, nor until after the amount of the Insured's obligation to pay shall have been finally determined either by judgment against the Insured after actual trial or by written agreement of the Insured, the claimant and the Insurer. Every action or proceeding against the Insurer shall be commenced within one year next after the date of such judgment or written agreement and not afterwards. Nothing contained in this Policy shall give any person or organization any right to join the Insurer as a co-defendant in any action against the Insured to determine the Insured's liability. Bankruptcy or insolvency of the Insured or of the Insured's estate shall not relieve the Insurer of any of its obligations hereunder. 7. INSPECTION The Insurer shall be permitted to inspect the insured premises and operations at any reasonable time during the Policy Period and any extension thereof. The Insurer waives no right and undertakes no responsibility by reason of such inspection or the omission thereof. 8. OTHER INSURANCE The Insurer shall not be liable if at the time of an accident or occurrence covered by this Policy there is any other insurance which would have attached if this insurance had not been effected, except that this insurance shall apply only as excess and in no event as contributing insurance and then only after all such other insurance has been exhausted. The Insurer acknowledges the existence of any policies arranged to apply in excess of the insurance provided by this Policy and it is agreed that notwithstanding anything contained in this Condition the insurance provided by such excess policies shall be considered as excess and noncontributing insurance insofar as the insurance provided under this Policy is concerned and shall be held to attach and cover only after the insurance under this Policy has been exhausted. CUS CGL (12/02)

11 9. SPECIAL STATUTORY PROVISIONS If any condition of this Policy, relating to limitation of time for notice of accident or for instituting legal proceedings, is at variance with any specific statutory provision in the jurisdiction in which the accident occurs, such statutory provision shall be substituted for such condition. 10. SUBROGATION In the event of any payment under this Policy, the Insurer shall be subrogated to the extent of such payment to all the Insured's rights of recovery against any third party, except where the amount of settlement exceeds the amount provided in aggregate by this Policy and any other valid and collectible insurance in which case the Insured shall be entitled to all recovery until such excess has been made good to the Insured. The Insured shall execute all papers required and shall do everything necessary within its power to secure such rights, but the Insurer shall have no right of subrogation against any Insured or subsidiary, allied or affiliated company owned or controlled by the Insured, nor against any person, firm or corporation in respect of which the Insured has assumed liability under any contract or agreement. 11. ADJUSTMENT OF PREMIUM The premium stated in the Declarations is a deposit premium for the hazards known to exist at the inception of the policy period. At the end of the Policy Period, the earned premium shall be computed in accordance with the rates stated in the Declarations. If the earned premium thus computed exceeds the estimated advance premium paid, the Insured shall immediately pay the difference to the Insurer; if it is less the Insurer shall return to the Insured subject to the retention by the Insurer of the Minimum Retained Premium stated in the Declarations. The Named Insured shall permit the Insurer to examine and audit the Named Insured's books and records at any time during the Policy Period (and any extension thereof and within one year after the termination of this Policy) as far as they relate to the premium basis or subject matter of this insurance. The Insurer assumes no responsibility and waives no rights by reason of such examination, audit or the omission thereof. 12. POLICY TERRITORY This Policy applies to Personal Injury or Property Damage anywhere in the world. 13. AGENCY It is understood and agreed that the Named Insured who obtained this Policy and paid the premium therefore did so on its own behalf and as agent for the others insured hereby, including those referred to by general description. It is further acknowledged and agreed by the Insurer as evidenced by its acceptance of the premium paid that any person, firm or corporation coming within the description of an unnamed person insured by this Policy may ratify such agency at any time subsequent to the issuance of the Policy for the purpose of entitlement to coverage granted by its terms for good consideration. 14. NAMED INSURED The Named Insured shall be deemed the sole and irrevocable agent of each and every Insured under this Policy for the purpose of: (a) giving to or receiving from the Insurers notice of cancellation; (b) giving instructions to or agreeing with the Insurers for alterations of the Policy wording; (c) making or receiving payments of premiums or adjustments of premium. 15. OTHER EMPLOYEES It is agreed that the insurance afforded by this Policy shall also insure employees of others, however, only while such employees are subject to the Doctrine of "Borrowed Servant" or "Master Servant Relationship". 16. CANCELLATION (a) This Policy may be cancelled by the Named Insured by giving written notice to the Insurer stating when thereafter such cancellation is to become effective. Return premium shall be computed on the following basis: (i) if the Premium shown in the Declarations is Flat and not adjustable, then on the customary short rate basis; or (ii) if the Premium shown in the Declarations is subject to an adjustment rate, then the excess of the Deposit Premium over the actual amount of adjustable earned premium to the date of cancellation, subject in any event to the earned premium so calculated to be not less than what would be earned on a short rate basis and in any event subject to the retention by the Insurer in either case of the Minimum Retained Premium stated in the Declarations. (b) This Policy may be cancelled by the Insurer by giving to the Named Insured thirty (30) days notice of cancellation by registered mail. Notice to the Named Insured shall constitute notice to all Insureds. (c) This Policy may be cancelled by the Insurer for nonpayment of premium by giving to the Named Insured fifteen (15) days notice of cancellation by registered mail, or five (5) days written notice of cancellation personally delivered. Notice to the Named Insured shall constitute notice to all Insureds. Repayment of excess premium may be made by money, post office order, postal note or cheque and shall be forwarded to the Insured as soon as practicable after the giving or receiving of such notice of cancellation. 17. CURRENCY All amounts shown under Item. 4 of the Declarations - Limits of Liability, shall read and apply only in Canadian Currency. 18. WAIVER No notice to any agent or knowledge possessed by any agent or by any other person shall be held to effect a waiver or change in any part of this Policy; nor shall the terms of this Policy be waived or changed except by endorsement issued to form a part hereof signed by an authorized representative of the Insurer. 19. ASSIGNMENT Assignment of interest under this Policy shall not bind the Insurer until their consent is endorsed hereon. CUS CGL (12/02)

12 CERTAIN UNDERWRITERS AT LLOYD S, LONDON (Hereinafter called the Insurer) S.P.F. NO. 6 STANDARD NON-OWNED AUTOMOBILE POLICY WHEREAS AN APPLICATION HAS BEEN MADE BY THE APPLICANT (HEREINAFTER CALLED THE INSURED) TO THE INSURER FOR A CONTRACT OF AUTOMOBILE INSURANCE AND THE SAID APPLICATION FORMS PART OF THIS CONTRACT OF INSURANCE AND IS AS FOLLOWS: ITEMS APPLICATION 1. FULL NAME OF THE APPLICANT SEE POLICY DECLARATIONS POSTAL ADDRESS (INCLUDING COUNTRY OR DISTRICT) APPLICANT IS: (STATE WHETHER INDIVIDUAL, PARTNERSHIP, CORPORATION, MUNICIPALITY, OR ESTATE) 2. POLICY PERIOD SEE POLICY DECLARATIONS 12:01 A.M. STANDARD TIME AT THE APPLICANT S ADDRESS FROM TO STATED HEREIN AS TO EACH OF SAID DATES 3. THE AUTOMOBILES IN RESPECT OF WHICH INSURANCE IS TO BE PROVIDED ARE THOSE NOT OWNED IN WHOLE OR IN PARTY BY, NOR LICENSED IN THE NAME OF THE APPLICANT, USED IN THE APPLICANT S BUSINESS OF: AS KNOWN TO THE INSURER 4. THE APPLICANT S PARTNERS, OFFICERS, EMPLOYEES AND AGENTS AS OF THE DATE OF THIS APPLICATION ARE AS FOLLOWS: LOCATION PARTNERS, OFFICERS & EMPLOYEES WHO REGULARLY USE AUTOMOBILES NOT OWNED BY THE APPLICANT IN HIS BUSINESS ALL OTHER PARTNERS, OFFICERS AND EMPLOYEES ALL APPLICANT S AGENTS CLASS A1 Private Passenger CLASS A2 Commercial CLASS B CLASS C NUMBER RATE PREMIUM NUMBER RATE PREMIUM NUMBER RATE PREMIUM NUMBER RATE PREMIUM $ $ $ $ AS KNOWN TO THE INSURER 5. HIRED AUTOMOBILES THE AUTOMOBILES HIRED BY THE APPLICANT ARE AS FOLLOWS: TYPE OF AUTOMOBILE ESTIMATE COST OF HIRE RATES PER $100 OF COST OF HIRE ADVANCE PREMIUM COVERED, IF ANY, SUBJECT TO PREMIUM ADJUSTMENT $ THE ADVANCE PREMIUM IS SUBJECT TO ADJUSTMENT AT THE END OF THE POLICY PERIOD AS PROVIDED IN THIS POLICY 6. AUTOMOBILES OPERATED UNDER CONTRACT ON BEHALF OF THE APPLICANT ARE AS FOLLOWS: TYPE OF AUTOMOBILE AND DESCRIPTION OF USE ESTIMATE CONTRACT COST RATES PER $100 OF CONTRACT COST ADVANCE PREMIUM COVERED, IF ANY, SUBJECT TO PREMIUM ADJUSTMENT $ THE ADVANCE PREMIUM IS SUBJECT TO ADJUSTMENT AT THE END OF THE POLICY PERIOD AS PROVIDED IN THIS POLICY 7. THIS APPLICATION IS MADE FOR INSURANCE AGAINST THE PERILS MENTIONED IN THIS ITEM AND UPON THE TERMS AND CONDITIONS OF THE INSURER S CORRESPONDING STANDARD POLICY FORM AND FOR THE FOLLOWING SPECIFIED LIMIT: INSURING AGREEMENT PERILS LIMIT COMBINED PREMIUMS SECTION A THIRD PARTY LIABILITY LEGAL LIABILITY FOR BODILY INJURY TO OR DEATH OF ANY PERSON OR DAMAGE TO PROPERTY OF OTHERS NOT IN THE CARE, CUSTODY OR CONTROL OF THE APPLICANT $ AS PER POLICY DECLARATIONS (EXCLUSIVE OF INTEREST AND COSTS) FOR LOSS OR DAMAGE RESULTING FROM BODILY INJURY TO OR THE DEATH OF ONE OR MORE PERSONS, AND FOR LOSS OR DAMAGE TO PROPERTY, REGARDLESS OF THE NUMBER OF CLAIMS ARISING FROM ANY ONE ACCIDENT $ INCLUDED ENDORSEMENTS AS ATTACHED $ INCLUDED MINIMUM RETAINED PREMIUM $ INCLUDED TOTAL PREMIUM $ INCLUDED 8. HAS ANY INSURER CANCELLED, DECLINED OR REFUSED TO RENEW OR ISSUE AUTOMOBILE INSURANCE TO THE APPLICANT WITHIN THREE YEARS PRECEDING THIS APPLICATION? IF SO, STATE NAME OF INSURER. AS KNOWN TO THE INSURER 9. STATE PARTICULARS OF ALL ACCIDENTS OR CLAIMS ARISING OUT OF THE USE OR OPERATION IN HIS BUSINESS OF NON-OWNED AUTOMOBILES BY THE APPLICANT WITHIN THE THREE YEARS PRECEDING THIS APPLICATION. INJURY TO PERSONS AS KNOWN TO THE INSURER DAMAGE TO PROPERTY OF OTHERS AS KNOWN TO THE INSURER 10. ALL THE STATEMENTS IN THIS APPLICATION ARE TRUE AND THE APPLICANT HEREBY APPLIES FOR A CONTRACT OF AUTOMOBILE INSURANCE TO BE BASED ON THE TRUTH OF THE SAID STATEMENTS. 11. IF (A) AN APPLICANT FOR A CONTRACT GIVES FALSE PARTICULARS OF THE DESCRIBED AUTOMOBILE TO BE INSURED TO THE PREJUDICE OF THE INSURER, OR KNOWINGLY MISREPRESENTS OR FAILS TO DISCLOSE IN THE APPLICATION ANY FACT REQUIRED TO BE STATED IN IT; OR (B) THE INSURED CONTRAVENES A TERM OF THE CONTRACT OR COMMITS A FRAUD; OR (C) THE INSURED WILLFULLY MAKES A FALSE STATEMENT IN RESPECT OF A CLAIM UNDER THE CONTRACT, A CLAIM BY THE INSURED IS INVALID AND THE RIGHT OF THE INSURED TO RECOVER INDEMNITY IS FORFEITED. CUS CGL (12/02)

13 S.P.F. NO. 6 STANDARD NON-OWNED AUTOMOBILE POLICY INSURING AGREEMENT In consideration of the payment of the premium and subject to the limits, terms, conditions, provisions, definitions and exclusions herein stated, the Insurer agrees to indemnify the Insured against the liability imposed by law upon the Insured for loss or damage arising from the use or operation of any automobile not owned in whole or in part by or licensed in the name of the Insured, and resulting from BODILY INJURY TO OR THE DEATH OF ANY PERSON OR DAMAGE TO PROPERTY OF OTHERS NOT IN THE CARE, CUSTODY, OR CONTROL OF THE INSURED. Provided always the Insurer shall not be liable under this Policy: (a) for any liability which arises from the use or operation of any automobile while personally driven by the insured if the insured is an individual; or (b)* for any liability imposed upon any person insured by this Policy: (i) by any workman's compensation law; or (ii) by any law for bodily injury to or the death of the Insured or any partner, officer or employee of the Insured while engaged in the business of the Insured: or *Not applicable in the Province of Ontario. (c) for any liability assumed by any person insured by this Policy voluntarily under any contract or agreement except a written contract or agreement; or (d) for loss or damage to property carried in or upon an automobile personally driven by any person insured by this Policy or to any property owned or rented by, or in the care, custody or control of any such person; or (e) for any amount in excess of the limit stated in the Declarations, and expenditures provided for in the Additional Agreements of this Policy; subject always to the provisions of the section of the Insurance Act (Automobile Insurance Part) relating to the nuclear energy hazard. ADDITIONAL AGREEMENTS OF INSURER Where indemnity is provided by this Policy, the Insurer further agrees: (1) Upon receipt of notice of loss or damage caused to persons or property to serve any person insured by this Policy by such investigation thereof, or by such negotiations with the claimant, or by such settlement of any resulting claims, as may be deemed expedient by the Insurer; and (2) to defend in the name and on behalf of any person insured by this Policy and at the cost of the Insurer any civil action which may at any time be brought against such person on account of such loss or damage to persons or property; and (3) to pay all costs taxed against any person insured by this Policy in any civil action defended by Insurer and any interest accruing after entry of judgment upon that part of the judgment which is within the limits of the Insurer's liability; and (4) in case the injury be to a person, reimburse any person insured by this Policy for outlay for such medical aid as may be immediately necessary at the time of such injury; and (5) be liable up to the minimum limit(s) prescribed for that province or territory of Canadian which the accident occurred, if that limit(s) is higher than the limit stated in the declarations; and (6) not set up any defense to a claim that might not be set up if the policy were a motor vehicle liability policy issued in the province or territory of Canada in which the accident occurred. AGREEMENTS OF INSURED Where indemnity is provided by this Section, every person insured by this Policy (a) by the acceptance of this Policy, constitutes and appoints the Insurer his irrevocable attorney to appear and defend in any province or territory of Canada in which action is brought against the Insured arising out of the use or operation of an automobile with respect to which insurance is provided hereunder: CUS CGL (12/02)

14 (b) shall reimburse the Insurer upon demand, in the amount which the Insurer has paid by reason of the provisions of any statute relating to automobile insurance and which the Insurer would not otherwise be liable to pay under this Policy. GENERAL PROVISIONS AND DEFINITIONS 1. ADDITIONAL INSUREDS The Insurer agrees to indemnify in the same manner an to the same extent as if Named herein as the Insured, every partner, officer or employee of the Insured who, with the consent of the owner thereof, personally drives (a) in the business of the Insured or incidental personal use in connection therewith, any automobile not owned in part by or licensed in the name of (i) the Insured, or (ii) such additional insured person, or (iii) any person or persons residing in the same dwelling premises as the Insured or such additional insured person, or (b) any automobile hired or leased in the name of the Insured or leased in the name of any partner, officer or employee of the Named Insured for use on the Named Insured's behalf including personal use in connection therewith except an automobile owned in whole or in part or licensed in the name of such additional insured person. 2. TERRITORY This Policy applies only to the use or operation of automobiles within Canada or the United States of America or upon a vessel plying between ports of those countries. 3. HIRED AUTOMOBILES DEFINED The term "Hired Automobiles" as used in this Policy means automobiles hired, leased or borrowed from others with or without drivers for periods not exceeding 30 days, used under control of the Insured in the business of the Insured but shall not include any automobile owned in whole or in part by or licensed in the name of the Insured or any partner, officer or employees of the Insured. 4. AUTOMOBILES OPERATED UNDER CONTRACT DEFINED The term "Automobiles Operated under Contract" as used in this Policy shall mean automobiles operated in the business of the Insured where the complete supervision, direction and control of such automobiles remain with the owner thereof, but shall not include any automobile owned in whole or in part by or licensed in the name of the Insured or any partner, officer or employee of the Insured. 5. TWO OR MORE AUTOMOBILES When two or more automobiles are insured hereunder the terms of this Policy shall apply separately to each, but a motor vehicle and a trailer or trailers attached thereto shall beheld to be one automobile as respects the limits of liability stated in the Declarations. The coverage provided by this Endorsement shall be subject to the Statutory Conditions (Conditions in Quebec) applicable in all Provinces of Canada. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than as stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS CGL (12/02)

15 ENDORSEMENT NO. 1 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT NUCLEAR INCIDENT EXCLUSION CLAUSE-LIABILITY-DIRECT (BROAD)-CANADA It is hereby agreed that Exclusion 14. is replaced by the following: It is agreed that this Policy does not apply: (a) (b) (c) to liability imposed by or arising from any nuclear liability act, law or statute, or any law amendatory thereof; nor to bodily injury or property damage with respect to which an Insured under this policy is also insured under a contract of nuclear energy liability insurance (whether the Insured is unnamed in such contract and whether or not it is legally enforceable by the Insured) issued by the Nuclear Insurance Association of Canada or any other insurer or group or pool of insurers or would be an Insured under any such policy but for its termination upon exhaustion of its limit of liability; nor to bodily injury or property damage resulting directly or indirectly from the nuclear energy hazard arising from: (i) (ii) (iii) the ownership, maintenance, operation or use of a nuclear facility by or on behalf of an Insured; the furnishing by an Insured of services, materials, parts or equipment in connection with the planning, construction, maintenance, operation or use of any nuclear facility; and the possession, consumption, use, handling, disposal or transportation of fissionable substances, or of other radioactive material (except radioactive isotopes, away from a nuclear facility, which have reached the final stage of fabrication so as to be usable for any scientific, medical, agricultural, commercial or industrial purpose) used, distributed, handled or sold by an Insured. As used in this policy: 1. The term nuclear energy hazard means the radioactive, toxic, explosive, or other hazardous properties of radioactive material; 2. The term radioactive material means uranium, thorium, plutonium, neptunium, their respective derivatives and compounds, radioactive isotopes of other elements and any other substances which may be designated by or pursuant to any law, act or statute, or law amendatory thereof as being prescribed substances capable of releasing atomic energy, or as being requisite for the production, use or application of atomic energy; 3. The term nuclear facility means: (a) (b) (c) any apparatus designed or used to sustain nuclear fission in a self-supporting chain reaction or to contain a critical mass of plutonium, thorium and uranium or any one or more of them; any equipment or device designed or used for (i) separating the isotopes of plutonium, thorium and uranium or any one or more of them, (ii) processing or utilising spent fuel, or (iii) handling, processing or packaging waste; any equipment or device used for the processing, fabricating or alloying of plutonium, thorium or uranium enriched in the isotope uranium 233 or in the isotope uranium 235, or any one or more of them if at any time the total amount of such material in the custody of the Insured at the premises where such equipment or device is located consists of or contains more than 25 grams of plutonium or uranium 233 or any combination thereof, or more than 250 grams of uranium 235; CUS CGL (12/02)

16 ENDORSEMENT NO. 1 (Cont d) Effective Date: FEBRUARY 14, 2009 (d) any structure, basin, excavation, premises or place prepared or used for the storage or disposal of waste radioactive material; and includes the site on which any of the foregoing is located, together with all operations conducted thereon and all premises used for such operations. 4. The term fissionable substance means any prescribed substance that is, or from which can be obtained, a substance capable of releasing atomic energy by nuclear fission. 5. With respect to property, loss of use of such property shall be deemed to be property damage. It is understood and agreed that, except as specifically provided in the foregoing to the contrary, this Clause is subject to the terms, exclusions, conditions and limitations of the Policy to which it is attached. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than as stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. 01/4/96 NMA1978a CUS CGL (12/02)

17 ENDORSEMENT NO. 2 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT WAR AND TERRORISM EXCLUSION ENDORSEMENT Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, injury, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any of the following regardless of any other cause or event contributing concurrently or in any other sequence to the loss; 1. war, invasion, acts of foreign enemies, hostilities or warlike operations (whether war be declared or not), civil war, rebellion, revolution, insurrection, civil commotion assuming the proportions of or amounting to an uprising, military or usurped power; or 2. any act of terrorism. For the purpose of this endorsement an act of terrorism means an act, including but not limited to the use of force or violence and/or the threat thereof, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s) or government(s), committed for political, religious, ideological or similar purposes including the intention to influence any government and/or to put the public, or any section of the public, in fear. This endorsement also excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any action taken in controlling, preventing, suppressing or in any way relating to 1 and/or 2 above. If the Underwriters allege that by reason of this exclusion, any loss, damage, cost or expense is not covered by this insurance the burden of proving the contrary shall be upon the Insured. In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than as stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. 08/10/01 NMA2918 Amended CUS CGL (12/02)

18 ENDORSEMENT NO. 3 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT TOTAL POLLUTION EXCLUSION IT IS HEREBY AGREED THAT Item 11. of the Exclusions of this Policy is amended to read as follows: 11. A. Any liability arising out of the actual, alleged or threatened discharge, dispersal, seepage, migration, release or escape of pollutants at any time; or B. Any loss, cost or expense arising out of any: i. request, demand or order that any Insured or others test for, monitor, clean up, remove, contain, treat, detoxify, or neutralize, or in any way respond to, or assess the effects of pollutants; or ii. claim or suit by or on behalf of a governmental authority or others for damages because of testing for, monitoring, cleaning up, removing, containing, treating, detoxifying, or neutralizing, or in any way responding to, or assessing the effects of pollutants. As used in this exclusion, pollutants means any solid, liquid, gaseous, or thermal irritant or contaminant including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, disposed of, reconditioned or reclaimed. This exclusion applies whether or not: a.) b.) the pollution was sudden, accidental, gradual, intended, expected, unexpected, preventable or not preventable; or such injury or damage may be included within the products/completed operations hazard. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than as stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS01/08

19 ENDORSEMENT NO. 4 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT ASBESTOS EXCLUSION It is hereby agreed that this Policy does not apply to any: 1. Personal Injury or Property Damage arising out of, resulting from, caused by or contributed to by asbestos, exposure to asbestos or the use of asbestos; 2. Any damages or any loss, cost or expense arising out of any (i) claim or suit by or on behalf of any government authority or any other alleged responsible party because of, or (ii) request or demand, order or statutory or regulatory requirement that any insured or any other person or entity should be, or should be responsible for: a. Assessing the presence, absence or amount or effects of asbestos; b. Identifying, sampling or testing for, detecting, monitoring, cleaning up, removing, containing, treating, detoxifying, neutralizing, abating, disposing of or mitigating asbestos; or c. Responding to asbestos in any way other than as described in 2.a. and b. above, 3. Any supervision, instructions, recommendations, warnings or advice given or which should have been given in connection with the subsections above; or 4. Any obligation to share damages with or repay someone else in connection with any of the subsections above. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than as stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS01/08

20 ENDORSEMENT NO. 5 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT FUNGUS EXCLUSION It is hereby agreed that this Policy does not apply to any: 1. Personal Injury or Property Damage arising out of, resulting from, caused or contributed to, directly or indirectly by: a. Any fungus or spore ; or b. Any substance, vapor or gas produced by or arising out any fungus or spore. This includes, but is not limited to, any metabolite such as a mycotoxin or a volatile organic compound; or c. Any: (1) Material, product, building or structure, including components thereof; or (2) Concentration of water, moisture, humidity or other liquids on or within such items in c. (1) above; that contains, harbors, nurtures or acts as a medium for growth of any fungus or spore. But this only applies to the extent that any of the items in c.(1) or c.(2) above result in, cause or contribute concurrently or in any sequence to such injury or damage described in a. or b. above. 2. Costs of testing for, monitoring, abatement, mitigation, removal, remediation or disposal of any of the items described in 1. above; 3. Other cause or event to the extent that it contributed concurrently or in any sequence to such injury, damage or costs described in items 1. or 2. above; 4. Supervision, instructions, recommendations, warnings or advice given or which should have been given in connection with items 1., 2. or 3. above; and 5. Obligation to share damages with or repay someone else who must pay damages because of such injury or damage. This exclusion does not apply to Personal Injury as the result of the ingestion of goods intended for human consumption. For the purpose of this endorsement, the following definitions are added: Fungus includes, but is not limited to, any form or type of mold, mushroom or mildew. Spore means any reproductive body produced by or arising out of any fungus. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than as stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS01/08

21 ENDORSEMENT NO. 6 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT DEDUCTIBLE In consideration of the premium charged, except as otherwise specified in other endorsements attached to this Policy, it is understood and agreed that the sum of TWO THOUSAND FIVE HUNDRED ($2,500) DOLLARS shall be deducted from the total amount of all claims, in any one accident or occurrence because of personal injury or property damage, and the Insurer shall be liable only for the difference between such deductible amount and the Limit of the Insurer's Liability for each accident or occurrence as stated in this Policy. The Insurer may pay any part or all of the deductible amount to effect settlement of any claim or suit and, upon notification of the action taken, the Named Insured shall promptly reimburse the Insurer for such part of the deductible amount as has been paid by the Insurer. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS01/08

22 ENDORSEMENT NO. 7 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT ALL RISKS TENANT'S LEGAL LIABILITY Subject to the terms and provisions of the Policy to which this Endorsement is attached, the Insurer agrees to pay on behalf of the Insured all sums which the Insured shall become legally obligated to pay as damages for injury to or destruction, including loss of use, of premises including building fixtures permanently attached thereto, rented to or occupied by the Insured and described and located as specified in the Schedule hereof, if such injury or destruction is caused by accident and arises out of direct physical loss or damage from any cause except as hereinafter provided. LIMIT OF LIABILITY The Limit of Liability stated opposite each item in the Schedule herein is the Limit of the Insurer's Liability in respect of that item for all damages arising out of any one accident during the Policy Period. The coverage provided by this Endorsement shall not increase the Limit of Liability shown in the Declarations. SCHEDULE LOCATION LIMIT OF LIABILITY Blanket All Leased Locations $100, EXCLUSIONS The insurance afforded by this Endorsement does not apply: (a) (b) to liability assumed by an Insured under contract except liability which would attach in the absence of such contract; to liability for gradual deterioration, ordinary wear and tear and mechanical or electrical breakdown or derangement; but not excluding resultant loss or damage. DEDUCTIBLE Each claim for loss or damage shall be adjusted separately and from the sum so determined the amount of ONE THOUSAND ($1,000.00) DOLLARS shall be deducted. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS01/08

23 ENDORSEMENT NO. 8 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT MEDICAL EXPENSE INSURANCE IT IS HEREBY UNDERSTOOD AND AGREED that this policy is extended in pay all reasonable expenses incurred within one year of the date of accident, for necessary medical surgical, ambulance, hospital, professional nursing and funeral services, to or for each person who sustains bodily injury, sickness or disease, caused by accident and arising out of (a) a condition in the Insured's premises or (b) operations with respect to which the Insured is afforded coverage for Bodily Injury Liability under this Policy. Provided however, that this Insurance shall exclude coverage for: (a) (b) bodily injury, sickness, disease or death sustained by any person practicing, instructing or participating in any physical training, sport, athletic activity, or contest. bodily injury to or sickness, disease or death of: (i) the Insured, any partner therein, or any tenant or other person regularly residing on the premises, or any employee of such Insured, tenant or other person while engage in the employment thereof; (ii) any other tenant of the premises, or any employee of such other tenant while engage in the employment thereof, on that part of the premises rented to such other tenant; (iii) any person if benefits therefor are payable under any worker's compensation law; (iv) any person while engaged in maintenance, alteration, demolition or new construction operations for the Insured or for any lessee of the Insured or any lessor of the premises. (c) any expense for services rendered by the Insured, any employee thereof, or any person or organization under contract to the Insured to provide such services. It is a condition of this Endorsement that purpose to any provincial hospital acts or statutes, that any hospital benefit payable under this endorsement shall be limited to reimbursement of the actual hospital expense incurred which is in excess of those hospital benefits for which provision has been made under any said act or statute; subject in any event to the maximum amounts payable as set out in this Endorsement. IT IS FURTHER UNDERSTOOD AND AGREED that the limit for this coverage is as follows: Per Person $ 2, Per Accident $ 10, Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS01/08

24 ENDORSEMENT NO. 9 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT FOREST FIRE FIGHTING EXPENSE ENDORSEMENT IT IS HEREBY AGREED THAT Insuring Agreement 2 - Property Damage Liability - is extended to include all sums for Fire Fighting Expenses which the Insured shall become obligated to pay by reason of liability imposed upon the Insured by law or statute pursuant to the relevant provisions of the Forest and Prairie Protection Acts of the Provinces of Canada. IT IS FURTHER AGREED THAT: (1) Coverage granted herein shall not extend to cover: (a) any fire fighting expenses of the Insured, its employees or agents; (b) any fire fighting expenses of contractors or subcontractors already engaged by the Insured, in connection with the contract out of which the loss occurs; (c) any expenses for which the Insured is liable by reason of failure of the Named Insured to comply with Sections 120, 121 and 124 of the Forest Act of British Columbia, regardless of where the loss shall occur; (d) any punitive fines and/or penalties, for which the Insured is liable by reason of failure to comply with any statute, permit, rule or regulation; (e) liability assumed by the Insured under any contract or agreement, except liability of the Insured that would have existed in the absence of such contract or agreement; (f) any action brought against any of the Insureds by any other Insured or Insureds under this policy with respect to the recovery of fire fighting expenses; (g) any fire fighting expenses of others on behalf of the Insured where more specific coverage as defined by The Principles of Underlying Insurance has been purchased and is available to the Insured. (2) The Insurer shall not be liable for a greater proportion of any loss than the difference between the Insured s participation as stated below as Insured s Participation Percentage, and 100% subject to any minimum deductible or maximum deductible, expressed as a dollar amount stated below as Deductible - Minimum Amount and Deductible - Maximum Amount, and the balance of the loss shall be borne by the Insured; provided the Insurer may pay the Insured s proportion of a loss to effect settlement of the loss, and, upon notification of the action taken, the Insured shall promptly reimburse the Insurer therefor. Insured s Participation Percentage 10% Deductible Minimum Amount $2,500 Deductible Maximum Amount $2,500 (3) It is also agreed that coverage granted herein shall be included in the overall Policy Limit, and shall be limited to the amounts stated below as Limits of Liability - Each Accident or Occurrence and Limits of Liability - Aggregate. Limits of Liability - Each Occurrence $1,000,000 Limits of Liability - Aggregate $1,000,000 Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS01/08

25 ENDORSEMENT NO. 10 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT PARTICIPANTS EXCLUSION IT IS HEREBY AGREED THAT this insurance does not apply to Personal Injury to or Property Damage of any person while participating in the sport of Hang Gliding or Paragliding. It is further agreed that only in the event that such participant(s) shall have signed a release waiver and assumption of risk form, which releases the owners and lessors of land, the following exception to the above exclusion shall apply. It is further agreed that the above exclusion shall not apply in regard to the coverage provided by the policy with respect to owners and/or lessors of land who have granted permission to the Insured for use of property for Hang Gliding and/or Paragliding activities. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS01/08

26 ENDORSEMENT NO. 11 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT It is hereby agreed that Item (b) of Exclusion 6 is deleted in its entirety and replaced by the following: 6 (b) any land vehicle while being used in any speed or demolition content or in any stunting activity or in practice or preparation for any such contest or activity. It is further agreed that Item (a) of Exclusion 7 is deleted in its entirety and replaced by the following: 7 (a) any aircraft; however for the purposes of this policy the term aircraft shall be construed to NOT include nonmotorized hang gliders, non-motorized paragliders and non-motorized hang gliders under tow. It is further agreed that Exclusion 10 shall not apply to instruction carried out in preparation for or in conjunction with any non motorized hang gliding or non-motorized paragliding activities. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS01/08

27

28 ENDORSEMENT NO. 12 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT It is agreed that the following is added to the policy as an additional insured, but only with respect to liability arising out of the operations of the Named Insured: (A) OWNERS AND/OR LESSORS OF LAND WHO HAVE GRANTED PERMISSION TO THE INSURED FOR THE USE OF PROPERTY FOR HANG GLIDING AND/OR PARAGLIDING ACTIVITIES BUT ONLY WITH RESPECT TO LIABILITY ARISING OUT OF THE OPERATIONS OF THE NAMED INSURED. (B) VOLUNTEERS BUT ONLY WHILE ENGAGED IN ACTIVITIES ON BEHALF OF THE NAMED INSURED. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS01/08

29 ENDORSEMENT NO. 13 Effective Date: FEBRUARY 14, 2009 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT DATA EXCLUSION This Policy does not apply to Personal Injury or Property Damage arising out of the following: 1. any liability for any loss, damage, claim, injury, cost or expense directly or indirectly out of (a) the erasure, destruction, distortion, corruption, alteration, misappropriation or misinterpretation of DATA; or (b) erroneous, creating, amending, entering, deleting, or using DATA; including any loss of use there from. 2. Personal injury liability caused by or arising directly or indirectly out of the distribution or display of DATA by means of an Internet Website, the Internet, an intranet, extranet or similar device or system designed or intended for the communication of DATA. 3. Advertising liability caused by or arising directly or indirectly out of the distribution or display of DATA by means of an Internet Website, the Internet, an intranet, extranet or similar device or system designed or intended for the communication of DATA. DATA means representation of information or concepts in any form. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2009 To FEBRUARY 14, 2010 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. CUS01/08

30 ENDORSEMENT NO. 14 Effective Date: FEBRUARY 14, 2010 COMMERCIAL GENERAL LIABILITY RENEWAL CERTIFICATE Item 1. Named Insured HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS Item 2. Renewal Policy Number CATWL10731 Item 3. Policy Period (Both days at 12:01 a.m. Standard Time at the Mailing Address of the Named Insured as stated.) From: FEBRUARY 14, 2010 To FEBRUARY 14, 2011 Item 4. Renewal Premium: $34,986 Adjustment Rate: FLAT Minimum Retained Premium: $17,493 Except $8,747 with respect to cancellation requested by the Premium Financing Company. Item 5. Limits of Liability: Coverage: Commercial General Liability Amount CAD $5,000,000 Inclusive Each Occurrence Amount CAD $5,000,000 In the Aggregate with respect to Products and Completed Operations Liability Coverage: S.P.F. No. 6 Standard Non-Owned Automobile Policy Amount CAD $5,000,000 (Exclusive of interest and costs) for loss or damage resulting from Bodily Injury to or the death of one or more persons, and for loss or damage to property, regardless of the number of claims arising from one accident. Item 6. The Intermediary negotiating this insurance on behalf of the Coverholder is: Windsor Partners Limited, 2 America Square, London EC3N 2LU This insurance has been effected in accordance with the authorization granted to the Coverholder by the Underwriting Members of the Syndicates whose definitive numbers and proportions are shown in the Table attached to Agreement No. WNR/BGH/09/0019 (hereinafter referred to as the Underwriters ). The Underwriters shall be liable hereunder each for his own part and not one for another in proportion to the several sums that each of them has subscribed to the said Agreement. All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. WNR/BGH/09/0019 For purposes of the Insurance Companies Act (Canada), this document was issued in the course of Lloyd s Underwriters Insurance business in Canada. In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: FEBRUARY 17, 2010 Per:. CUS CGL (12/02)

31 WINDSOR PARTNERS LIMITED Canadian Third Party and Products Liability Binding Authority Contract Security Schedule WNR/BGH/09/0019 Attaching to and forming part of Policy No.: CATWL % SJC 2003 Catlin Underwriting Agencies Limited 20% AMA 1200 Argo Managing Agency Ltd. CUS CGL (12/02)

32 Should a policyholder wish to file a complaint relative to a policy with Lloyd s Underwriters effected through you, the policyholder must be provided with the following Lloyd s Underwriters Complaint Protocol: LLOYD S UNDERWRITERS POLICYHOLDERS COMPLAINT PROTOCOL If you have a complaint with any aspect of your policy with Lloyd s Underwriters: You may contact the broker/agent who arranged your policy for you. Should you be dissatisfied with the outcome of your broker s resolution, please submit your written complaint to: Lloyd s Canada Inc. Tel: LLOYDS Broker Management Services Fax: (514) rue Metcalfe, Suite lineage@lloyds.ca Montreal, Quebec H3B 2V6 Your written complaint will be forwarded to Lloyd s Policyholder and Market Assistance Department in London which ensures that Lloyd s Underwriters and their representatives deal with claims and complaints in an acceptable manner. It acts as an impartial mediator. When undertaking a review this Department takes account of general legal principles, good insurance practice, and whether all events surrounding a given case have been considered fairly. If you are dissatisfied with Lloyd s Policyholder and Market Assistance Department s final letter from London, you may ask the General Insurance OmbudService (GIO) to arrange for mediation. Mediation is not available until Lloyd s has issued its final letter of position on your complaint. The GIO assists in the resolution of conflicts between insurance customers and their insurance companies. GIO works with only those companies offering home, automobile or business insurance. OR You may contact the General Insurance OmbudService (GIO) who will contact Lloyd s on your behalf. However, you must first have tried to resolve your problem with your insurance company. The GIO can be reached across Canada at its national toll-free number: For more information or to submit the facts of your insurance-related dispute, please visit the GIO website at GIO - Alberta can be contacted where a policyholder is not satisfied with the basis on which a premium for basic coverage for a private passenger vehicle was determined, or considers that an insurer, directly or indirectly, has taken an adverse contractual action with respect to insurance for basic coverage. In Québec, you may also avail yourself of the services of Autorité des marchés financiers (l Autorité). Should you be dissatisfied with Lloyd s Policyholder and Market Assistance Department s final letter from London, you may request Lloyd s Canada Inc. to send your complaint to l Autorité who will study your file and may recommend mediation, if it deems this action appropriate and if both parties agree to it. L Autorité can be reached at: 08/08 LSW1542C Autorité des marchés financiers (l Autorité) Québec City (418) Montréal (514) Toll-free: Renseignements-consommateur@lautorite.qc.ca CUS11/09

33 NOTICE CONCERNING PERSONAL INFORMATION By purchasing insurance from certain Underwriters at Lloyd s, London ( Lloyd s ), a customer provides Lloyd s with his or her consent to the collection, use and disclosure of personal information, including that previously collected, for the following purposes: the communication with Lloyd s policyholders the underwriting of policies the evaluation of claims the detection and prevention of fraud the analysis of business results purposes required or authorized by law For the purposes identified, personal information may be disclosed to Lloyd s related or affiliated organizations or companies, their agents/mandataires, and to certain non-related or unaffiliated organizations or companies. Further information about Lloyd s personal information protection policy may be obtained from the customer s broker or by contacting Lloyd s on or through info@lloyds.ca 07/05 LSW1543 CUS11/08

34 ENDORSEMENT NO. 15 Effective Date: FEBRUARY 14, 2010 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT It is hereby agreed that DEFINITIONS 2. INSURED item (b) is amended to read as follows: (b) any owner, person, firm, organization, trustee, estate or governmental entity to whom or to which the Named Insured has contracted to effect insurance by virtue of a contract of agreement or by the issuance or existence of a permit. But the insurance provided for such additional insured is restricted to apply solely to liability arising out of operations performed under said contract and only to the extent required by such contract; It is understood and agreed however that the above extension (b) does not apply to subcontractors or contractors working on behalf of the Named Insured. Where the Broker of record has issued a certificate of insurance and filed a copy of a certificate of insurance with Chutter Underwriting Services no later than fourteen (14) days following the date of issue, notice in the event of cancellation or a material change, not exceeding 30 days, shall be granted to the address of the certificate holder as shown on the certificate of insurance. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2010 To FEBRUARY 14, 2011 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. WNR/BGH/09/0019 In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: FEBRUARY 17, 2010 Per:. CUS11/08

35 ENDORSEMENT NO. 16 Effective Date: FEBRUARY 14, 2010 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT It is hereby agreed that Item 1. Mailing Address is amended to read as follows: 5 MOUNT HERBERT ROAD STRATFORD, ONTARIO C1B 2S3 Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2010 To FEBRUARY 14, 2011 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. WNR/BGH/09/0019 In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: FEBRUARY 17, 2010 Per:. CUS01/08

36 ENDORSEMENT NO. 16 (Amended) Effective Date: FEBRUARY 14, 2010 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT It is hereby agreed that Item 1. Mailing Address is amended to read as follows: 5 MOUNT HERBERT ROAD STRATFORD, PEI C1B 2S3 Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2010 To FEBRUARY 14, 2011 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. WNR/BGH/09/0019 In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: MARCH 4, 2010 Per:. CUS01/08

37 ENDORSEMENT NO. 17 Effective Date: FEBRUARY 14, 2011 COMMERCIAL GENERAL LIABILITY RENEWAL CERTIFICATE Item 1. Named Insured HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS Item 2. Renewal Policy Number CATWL10731 Item 3. Policy Period (Both days at 12:01 a.m. Standard Time at the Mailing Address of the Named Insured as stated.) From: FEBRUARY 14, 2011 To FEBRUARY 14, 2012 Item 4. Renewal Premium: $32,190 Adjustment Rate: FLAT Minimum Retained Premium: $16,095 Except $8,048 with respect to cancellation requested by the Premium Financing Company. Item 5. Limits of Liability: Coverage: Commercial General Liability Amount CAD $5,000,000 Inclusive Each Occurrence Amount CAD $5,000,000 In the Aggregate with respect to Products and Completed Operations Liability Coverage: S.P.F. No. 6 Standard Non-Owned Automobile Policy Amount CAD $5,000,000 (Exclusive of interest and costs) for loss or damage resulting from Bodily Injury to or the death of one or more persons, and for loss or damage to property, regardless of the number of claims arising from one accident. Item 6. The Intermediary negotiating this insurance on behalf of the Coverholder is: Windsor Partners Limited, 71 Fenchurch Street, London EC3M 4BS This insurance has been effected in accordance with the authorization granted to the Coverholder by the Underwriting Members of the Syndicates whose definitive numbers and proportions are shown in the Table attached to Agreement No. WNR/BGH/10/0019 (hereinafter referred to as the Underwriters ). The Underwriters shall be liable hereunder each for his own part and not one for another in proportion to the several sums that each of them has subscribed to the said Agreement. All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. WNR/BGH/10/0019 For purposes of the Insurance Companies Act (Canada), this document was issued in the course of Lloyd s Underwriters Insurance business in Canada. In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: FEBRUARY 18, 2011 Per:. CUS CGL (12/02)

38 WINDSOR PARTNERS LIMITED Canadian Third Party and Products Liability Binding Authority Contract Security Schedule WNR/BGH/10/0019 Attaching to and forming part of Policy No.: CATWL % SJC 2003 Catlin Underwriting Agencies Limited 30% AMA 1200 Argo Managing Agency Ltd. CUS CGL (12/02)

39 Should a policyholder wish to file a complaint relative to a policy with Lloyd s Underwriters effected through you, the policyholder must be provided with the following Lloyd s Underwriters Complaint Protocol: LLOYD S UNDERWRITERS POLICYHOLDERS COMPLAINT PROTOCOL If you have a complaint with any aspect of your policy with Lloyd s Underwriters: You may contact the broker/agent who arranged your policy for you. Should you be dissatisfied with the outcome of your broker s resolution, please submit your written complaint to: Lloyd s Canada Inc. Tel: LLOYDS Broker Management Services Fax: (514) rue Metcalfe, Suite lineage@lloyds.ca Montreal, Quebec H3B 2V6 Your written complaint will be forwarded to Lloyd s Policyholder and Market Assistance Department in London which ensures that Lloyd s Underwriters and their representatives deal with claims and complaints in an acceptable manner. It acts as an impartial mediator. When undertaking a review this Department takes account of general legal principles, good insurance practice, and whether all events surrounding a given case have been considered fairly. If you are dissatisfied with Lloyd s Policyholder and Market Assistance Department s final letter from London, you may ask the General Insurance OmbudService (GIO) to arrange for mediation. Mediation is not available until Lloyd s has issued its final letter of position on your complaint. The GIO assists in the resolution of conflicts between insurance customers and their insurance companies. GIO works with only those companies offering home, automobile or business insurance. OR You may contact the General Insurance OmbudService (GIO) who will contact Lloyd s on your behalf. However, you must first have tried to resolve your problem with your insurance company. The GIO can be reached across Canada at its national toll-free number: For more information or to submit the facts of your insurance-related dispute, please visit the GIO website at GIO - Alberta can be contacted where a policyholder is not satisfied with the basis on which a premium for basic coverage for a private passenger vehicle was determined, or considers that an insurer, directly or indirectly, has taken an adverse contractual action with respect to insurance for basic coverage. In Québec, you may also avail yourself of the services of Autorité des marchés financiers (l Autorité). Should you be dissatisfied with Lloyd s Policyholder and Market Assistance Department s final letter from London, you may request Lloyd s Canada Inc. to send your complaint to l Autorité who will study your file and may recommend mediation, if it deems this action appropriate and if both parties agree to it. L Autorité can be reached at: 08/08 LSW1542C Autorité des marchés financiers (l Autorité) Québec City (418) Montréal (514) Toll-free: Renseignements-consommateur@lautorite.qc.ca CUS11/10

40 NOTICE CONCERNING PERSONAL INFORMATION By purchasing insurance from certain Underwriters at Lloyd s, London ( Lloyd s ), a customer provides Lloyd s with his or her consent to the collection, use and disclosure of personal information, including that previously collected, for the following purposes: the communication with Lloyd s policyholders the underwriting of policies the evaluation of claims the detection and prevention of fraud the analysis of business results purposes required or authorized by law For the purposes identified, personal information may be disclosed to Lloyd s related or affiliated organizations or companies, their agents/mandataires, and to certain non-related or unaffiliated organizations or companies. Further information about Lloyd s personal information protection policy may be obtained from the customer s broker or by contacting Lloyd s on or through info@lloyds.ca 07/05 LSW1543 CUS11/08

41 ENDORSEMENT NO. 18 Effective Date: FEBRUARY 14, 2012 COMMERCIAL GENERAL LIABILITY RENEWAL CERTIFICATE Item 1. Named Insured HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS Item 2. Renewal Policy Number CATWL10731 Item 3. Policy Period (Both days at 12:01 a.m. Standard Time at the Mailing Address of the Named Insured as stated.) From: FEBRUARY 14, 2012 To FEBRUARY 14, 2013 Item 4. Renewal Premium: $31,130 Adjustment Rate: FLAT Minimum Retained Premium: $15,565 Except $7,783 with respect to cancellation requested by the Premium Financing Company. Item 5. Limits of Liability: Coverage: Commercial General Liability Amount CAD $5,000,000 Inclusive Each Occurrence Amount CAD $5,000,000 In the Aggregate with respect to Products and Completed Operations Liability Coverage: S.P.F. No. 6 Standard Non-Owned Automobile Policy Amount CAD $5,000,000 (Exclusive of interest and costs) for loss or damage resulting from Bodily Injury to or the death of one or more persons, and for loss or damage to property, regardless of the number of claims arising from one accident. Item 6. The Intermediary negotiating this insurance on behalf of the Coverholder is: Windsor Partners Limited, 71 Fenchurch Street, London EC3M 4BS This insurance has been effected in accordance with the authorization granted to the Coverholder by the Underwriting Members of the Syndicates whose definitive numbers and proportions are shown in the Table attached to Agreement No. WNR/BGH/11/0019 (hereinafter referred to as the Underwriters ). The Underwriters shall be liable hereunder each for his own part and not one for another in proportion to the several sums that each of them has subscribed to the said Agreement. All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. WNR/BGH/11/0019 For purposes of the Insurance Companies Act (Canada), this document was issued in the course of Lloyd s Underwriters Insurance business in Canada. In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: FEBRUARY 13, 2012 Per:. CUS CGL (12/02)

42 WINDSOR PARTNERS LIMITED Canadian Third Party and Products Liability Binding Authority Contract Security Schedule WNR/BGH/11/0019 Attaching to and forming part of Policy No.: CATWL % SJC 2003 Catlin Underwriting Agencies Limited 30% AMA 1200 Argo Managing Agency Ltd. CUS CGL (12/02)

43 Should a policyholder wish to file a complaint relative to a policy with Lloyd s Underwriters effected through you, the policyholder must be provided with the following Lloyd s Underwriters Complaint Protocol: LLOYD S UNDERWRITERS POLICYHOLDERS COMPLAINT PROTOCOL If you have a complaint with any aspect of your policy with Lloyd s Underwriters: You may contact the broker/agent who arranged your policy for you. Should you be dissatisfied with the outcome of your broker s resolution, please submit your written complaint to: Lloyd s Canada Inc. Tel: LLOYDS Broker Management Services Fax: (514) rue Metcalfe, Suite lineage@lloyds.ca Montreal, Quebec H3B 2V6 Your written complaint will be forwarded to Lloyd s Policyholder and Market Assistance Department in London which ensures that Lloyd s Underwriters and their representatives deal with claims and complaints in an acceptable manner. It acts as an impartial mediator. When undertaking a review this Department takes account of general legal principles, good insurance practice, and whether all events surrounding a given case have been considered fairly. If you are dissatisfied with Lloyd s Policyholder and Market Assistance Department s final letter from London, you may ask the General Insurance OmbudService (GIO) to arrange for mediation. Mediation is not available until Lloyd s has issued its final letter of position on your complaint. The GIO assists in the resolution of conflicts between insurance customers and their insurance companies. GIO works with only those companies offering home, automobile or business insurance. OR You may contact the General Insurance OmbudService (GIO) who will contact Lloyd s on your behalf. However, you must first have tried to resolve your problem with your insurance company. The GIO can be reached across Canada at its national toll-free number: For more information or to submit the facts of your insurance-related dispute, please visit the GIO website at GIO - Alberta can be contacted where a policyholder is not satisfied with the basis on which a premium for basic coverage for a private passenger vehicle was determined, or considers that an insurer, directly or indirectly, has taken an adverse contractual action with respect to insurance for basic coverage. In Québec, you may also avail yourself of the services of Autorité des marchés financiers (l Autorité). Should you be dissatisfied with Lloyd s Policyholder and Market Assistance Department s final letter from London, you may request Lloyd s Canada Inc. to send your complaint to l Autorité who will study your file and may recommend mediation, if it deems this action appropriate and if both parties agree to it. L Autorité can be reached at: Autorité des marchés financiers (l Autorité) Québec City (418) Montréal (514) Toll-free: /08 LSW1542C Renseignements-consommateur@lautorite.qc.ca CUS11/10

44 LLOYD S UNDERWRITERS CODE OF CONSUMER RIGHTS & RESPONSIBILITIES Lloyd s Underwriters are committed to safeguarding your rights when you shop for insurance and when you submit a claim following a loss. Your rights include the right to be informed fully, to be treated fairly, to timely complaint resolution, and to privacy. These rights are grounded in the contract between you and your underwriters and the insurance laws of your province/territory. With rights, however, come responsibilities including, for example, the expectation that you will provide complete and accurate information to the underwriters with whom insurance is being negotiated. Your policy outlines other important responsibilities. Underwriters and intermediaries acting on your behalf, and governments also have important roles to play in ensuring that your rights are protected. Right to Be Informed In dealing with Lloyd s Underwriters, you will be represented by an intermediary, such as a broker acting as your agent, and they may deal with other intermediaries. From the intermediary with whom you deal, you can expect to access clear information about your policy, your coverage, and the claims settlement process. You have the right to an easy-to-understand explanation of how insurance works and how it will meet your needs. You also have a right to know how premiums are calculated based on relevant facts. A policy issued by Lloyd s Underwriters will expire on the day specified in the policy. If you wish to renew the policy, the intermediary with whom you deal will have to approach the Underwriters participating in it, often through another intermediary. If Lloyd s Underwriters are given the information they require to determine renewal terms for the policy at least 45 days prior to its expiry, under normal circumstances, they will advise the intermediary who approaches them of any changes to the policy terms at least 30 days prior to the expiration of the policy. Terms may subsequently change if there is a change in material facts prior to the expiration date. Intermediaries may receive payments from Lloyd s Underwriters in a variety of ways, which may include the payment of commissions. Lloyd's strongly supports the disclosure and transparency of these commission arrangements. You have the right to ask the intermediary with whom you deal for details of how and by whom the intermediary is being paid. Lloyd's Underwriters accept business as members of syndicates each of which is managed by a 'managing agent'. Lloyd's has risk management procedures in place in respect of the relationship between Lloyd's managing agents and any related companies that act as intermediaries. This is to ensure that the managing agent makes proper disclosures of any such arrangements. A policyholder may ask the intermediary whom he is dealing to disclose if it is a related company to a Lloyd's managing agent. Depending on the jurisdiction, disclosure may be required in writing. Responsibility to Ask Questions and Share Information To safeguard your right to purchase appropriate coverage at a competitive price, you should ask questions about your policy so that you understand what it covers and what your obligations are under it. You can access information through brochures and websites, as well as through one-on-one meetings with the intermediary with whom you deal. You have the option to shop the marketplace for the combination of coverages and service levels that best suits your insurance needs. To maintain your protection against loss, you must promptly inform your underwriters of any change in your circumstances through the intermediary with whom you deal. The Underwriters with whom renewal is being negotiated must be given information required to determine renewal terms of your policy, via the intermediary whom you are dealing with, at least 45 days prior to the expiration of the policy. Right to Complaint Resolution Lloyd s Underwriters are committed to high standards of customer service. If you have a complaint about the service you have received, you have a right to access the Lloyd s complaint resolution process for Canada. The intermediary with whom you deal can provide you with information about how you can ensure that your complaint is heard and promptly handled. Disputes involving claims settlement matters may be handled by the independent General Insurance OmbudService where your complaint may be referred to an independent mediator or Senior Adjudicative Officer. Responsibility to Resolve Disputes You should always enter into the dispute resolution process in good faith, provide required information in a timely manner, and remain open to recommendations made by independent observers as part of that process. CUS11/08

45 Right to Professional Service You have the right to deal with insurance professionals who exhibit a high ethical standard, which includes acting with honesty, integrity, fairness and skill. Brokers and agents must exhibit extensive knowledge of the product, its coverages and its limitations in order to best serve you. Right to Privacy Because it is important for you to disclose any and all information required by underwriters with whom insurance is being negotiated on your behalf to provide the insurance coverage that best suits you, you have the right to know from the intermediary with whom you deal the purposes for which Lloyd s Underwriters will use your personal information. This information will not be disclosed to anyone except as permitted by law. You should know that Lloyd s Underwriters are subject to Canada s privacy laws with respect to their business in Canada. 12/08 LSW1565A CUS11/08

46 NOTICE CONCERNING PERSONAL INFORMATION By purchasing insurance from certain Underwriters at Lloyd s, London ( Lloyd s ), a customer provides Lloyd s with his or her consent to the collection, use and disclosure of personal information, including that previously collected, for the following purposes: the communication with Lloyd s policyholders the underwriting of policies the evaluation of claims the detection and prevention of fraud the analysis of business results purposes required or authorised by law For the purposes identified, personal information may be disclosed to Lloyd s related or affiliated organisations or companies, their agents/mandataires, and to certain non-related or unaffiliated organisations or companies, including service providers. These entities may be located outside Canada therefore a customer s information may be processed in a foreign jurisdiction (the United Kingdom and the European Union) and their information may be accessible to law enforcement and national security authorities of that jurisdiction. To obtain written information about Lloyd s policies and practices in respect of service providers located outside Canada, please contact the Ombudsman at lineage@lloyds.ca who will also answer customer s questions about the collection, use, disclosure or storage of their personal information by such Lloyd s service providers. Further information about Lloyd s personal information protection policy may be obtained from the customer s broker or by contacting Lloyd s on: , , or through info@lloyds.ca 01/12/10 LSW1543A CUS11/08

47 ENDORSEMENT NO. 19 Effective Date: APRIL 10, 2012 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT It is hereby agreed that Item 1. Mailing Address is amended to read as follows: VINE STREET VANCOUVER, BC V6K 4S1 Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2012 To FEBRUARY 14, 2013 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. WNR/BGH/11/0019 In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: APRIL 11, 2012 Per:. CUS01/08

48 ENDORSEMENT NO. 20 Effective Date: FEBRUARY 14, 2013 COMMERCIAL GENERAL LIABILITY RENEWAL CERTIFICATE Item 1. Named Insured HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS Item 2. Renewal Policy Number CATWL10731 Item 3. Policy Period (Both days at 12:01 a.m. Standard Time at the Mailing Address of the Named Insured as stated.) From: FEBRUARY 14, 2013 To FEBRUARY 14, 2014 Item 4. Renewal Premium: $33,758 Adjustment Rate: FLAT Minimum Retained Premium: $16,879 Except $8,440 with respect to cancellation requested by the Premium Financing Company. Item 5. Limits of Liability: Coverage: Commercial General Liability Amount CAD $5,000,000 Inclusive Each Occurrence Amount CAD $5,000,000 In the Aggregate with respect to Products and Completed Operations Liability Coverage: S.P.F. No. 6 Standard Non-Owned Automobile Policy Amount CAD $5,000,000 (Exclusive of interest and costs) for loss or damage resulting from Bodily Injury to or the death of one or more persons, and for loss or damage to property, regardless of the number of claims arising from one accident. Item 6. The Intermediary negotiating this insurance on behalf of the Coverholder is: Windsor Partners Limited, 71 Fenchurch Street, London EC3M 4BS This insurance has been effected in accordance with the authorization granted to the Coverholder by the Underwriting Members of the Syndicates whose definitive numbers and proportions are shown in the Table attached to Agreement No. WNR/BGH/12/0019 (hereinafter referred to as the Underwriters ). The Underwriters shall be liable hereunder each for his own part and not one for another in proportion to the several sums that each of them has subscribed to the said Agreement. All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. WNR/BGH/12/0019 / UMR No. B0701WNRBGH For purposes of the Insurance Companies Act (Canada), this document was issued in the course of Lloyd s Underwriters Insurance business in Canada. In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: FEBRUARY 25, 2013 Per:. CUS CGL (12/02)

49 WINDSOR PARTNERS LIMITED Canadian Third Party and Products Liability Binding Authority Contract Security Schedule WNR/BGH/12/0019 Attaching to and forming part of Policy No.: CATWL % SJC 2003 Catlin Underwriting Agencies Limited 30% AMA 1200 Argo Managing Agency Ltd. CUS CGL (12/02)

50 Should a policyholder wish to file a complaint relative to a policy with Lloyd s Underwriters effected through you, the policyholder must be provided with the following Lloyd s Underwriters Complaint Protocol: LLOYD S UNDERWRITERS POLICYHOLDERS COMPLAINT PROTOCOL If you have a complaint with any aspect of your policy with Lloyd s Underwriters: You may contact the broker/agent who arranged your policy for you. Should you be dissatisfied with the outcome of your broker s resolution, please submit your written complaint to: Lloyd s Canada Inc. Tel: LLOYDS 1155 rue Metcalfe, Suite 2220 Fax: (514) Montreal, Quebec H3B 2V6 lineage@lloyds.ca Your written complaint will be forwarded to Lloyd s Policyholder and Market Assistance Department in London which ensures that Lloyd s Underwriters and their representatives deal with claims and complaints in an acceptable manner. It acts as an impartial mediator. When undertaking a review this Department takes account of general legal principles, good insurance practice, and whether all events surrounding a given case have been considered fairly. If you are dissatisfied with Lloyd s Policyholder and Market Assistance Department s final letter from London, you may ask the General Insurance OmbudService (GIO) to arrange for mediation. Mediation is not available until Lloyd s has issued its final letter of position on your complaint. The GIO assists in the resolution of conflicts between insurance customers and their insurance companies. GIO works with only those companies offering home, automobile or business insurance. OR You may contact the General Insurance OmbudService (GIO) who will contact Lloyd s on your behalf. However, you must first have tried to resolve your problem with your insurance company. The GIO can be reached across Canada at its national toll-free number: For more information or to submit the facts of your insurance-related dispute, please visit the GIO website. GIO - Alberta can be contacted where a policyholder is not satisfied with the basis on which a premium for basic coverage for a private passenger vehicle was determined, or considers that an insurer, directly or indirectly, has taken an adverse contractual action with respect to insurance for basic coverage. In Québec, you may also avail yourself of the services of Autorité des marchés financiers (l Autorité). Should you be dissatisfied with Lloyd s Policyholder and Market Assistance Department s final letter from London, you may request Lloyd s Canada Inc. to send your complaint to l Autorité who will study your file and may recommend mediation, if it deems this action appropriate and if both parties agree to it. L Autorité can be reached at: Autorité des marchés financiers (l Autorité) Québec City (418) Montréal (514) Toll-free: Renseignements-consommateur@lautorite.qc.ca 01/12 LSW1542D CUS11/10

51 LLOYD S UNDERWRITERS CODE OF CONSUMER RIGHTS & RESPONSIBILITIES Lloyd s Underwriters are committed to safeguarding your rights when you shop for insurance and when you submit a claim following a loss. Your rights include the right to be informed fully, to be treated fairly, to timely complaint resolution, and to privacy. These rights are grounded in the contract between you and your underwriters and the insurance laws of your province/territory. With rights, however, come responsibilities including, for example, the expectation that you will provide complete and accurate information to the underwriters with whom insurance is being negotiated. Your policy outlines other important responsibilities. Underwriters and intermediaries acting on your behalf, and governments also have important roles to play in ensuring that your rights are protected. Right to Be Informed In dealing with Lloyd s Underwriters, you will be represented by an intermediary, such as a broker acting as your agent, and they may deal with other intermediaries. From the intermediary with whom you deal, you can expect to access clear information about your policy, your coverage, and the claims settlement process. You have the right to an easy-tounderstand explanation of how insurance works and how it will meet your needs. You also have a right to know how premiums are calculated based on relevant facts. A policy issued by Lloyd s Underwriters will expire on the day specified in the policy. If you wish to renew the policy, the intermediary with whom you deal will have to approach the Underwriters participating in it, often through another intermediary. If Lloyd s Underwriters are given the information they require to determine renewal terms for the policy at least 45 days prior to its expiry, under normal circumstances, they will advise the intermediary who approaches them of any changes to the policy terms at least 30 days prior to the expiration of the policy. Terms may subsequently change if there is a change in material facts prior to the expiration date. Intermediaries may receive payments from Lloyd s Underwriters in a variety of ways, which may include the payment of commissions. Lloyd's strongly supports the disclosure and transparency of these commission arrangements. You have the right to ask the intermediary with whom you deal for details of how and by whom the intermediary is being paid. Lloyd's Underwriters accept business as members of syndicates each of which is managed by a 'managing agent'. Lloyd's has risk management procedures in place in respect of the relationship between Lloyd's managing agents and any related companies that act as intermediaries. This is to ensure that the managing agent makes proper disclosures of any such arrangements. A policyholder may ask the intermediary whom he is dealing to disclose if it is a related company to a Lloyd's managing agent. Depending on the jurisdiction, disclosure may be required in writing. Responsibility to Ask Questions and Share Information To safeguard your right to purchase appropriate coverage at a competitive price, you should ask questions about your policy so that you understand what it covers and what your obligations are under it. You can access information through brochures and websites, as well as through one-on-one meetings with the intermediary with whom you deal. You have the option to shop the marketplace for the combination of coverages and service levels that best suits your insurance needs. To maintain your protection against loss, you must promptly inform your underwriters of any change in your circumstances through the intermediary with whom you deal. The Underwriters with whom renewal is being negotiated must be given information required to determine renewal terms of your policy, via the intermediary whom you are dealing with, at least 45 days prior to the expiration of the policy. CUS11/08

52 Right to Complaint Resolution Lloyd s Underwriters are committed to high standards of customer service. If you have a complaint about the service you have received, you have a right to access the Lloyd s complaint resolution process for Canada. The intermediary with whom you deal can provide you with information about how you can ensure that your complaint is heard and promptly handled. Disputes involving claims settlement matters may be handled by the independent General Insurance OmbudService where your complaint may be referred to an independent mediator or Senior Adjudicative Officer. For information concerning the General Insurance OmbudService, you may refer to their website. Responsibility to Resolve Disputes You should always enter into the dispute resolution process in good faith, provide required information in a timely manner, and remain open to recommendations made by independent observers as part of that process. Right to Professional Service You have the right to deal with insurance professionals who exhibit a high ethical standard, which includes acting with honesty, integrity, fairness and skill. Brokers and agents must exhibit extensive knowledge of the product, its coverages and its limitations in order to best serve you. Right to Privacy Because it is important for you to disclose any and all information required by underwriters with whom insurance is being negotiated on your behalf to provide the insurance coverage that best suits you, you have the right to know from the intermediary with whom you deal the purposes for which Lloyd s Underwriters will use your personal information. This information will not be disclosed to anyone except as permitted by law. You should know that Lloyd s Underwriters are subject to Canada s privacy laws with respect to their business in Canada. 01/12 LSW1565B CUS11/08

53 NOTICE CONCERNING PERSONAL INFORMATION By purchasing insurance from certain Underwriters at Lloyd s, London ( Lloyd s ), a customer provides Lloyd s with his or her consent to the collection, use and disclosure of personal information, including that previously collected, for the following purposes: the communication with Lloyd s policyholders the underwriting of policies the evaluation of claims the detection and prevention of fraud the analysis of business results purposes required or authorised by law For the purposes identified, personal information may be disclosed to Lloyd s related or affiliated organisations or companies, their agents/mandataires, and to certain non-related or unaffiliated organisations or companies, including service providers. These entities may be located outside Canada therefore a customer s information may be processed in a foreign jurisdiction (the United Kingdom and the European Union) and their information may be accessible to law enforcement and national security authorities of that jurisdiction. To obtain written information about Lloyd s policies and practices in respect of service providers located outside Canada, please contact the Ombudsman at lineage@lloyds.ca who will also answer customer s questions about the collection, use, disclosure or storage of their personal information by such Lloyd s service providers. Further information about Lloyd s personal information protection policy may be obtained from the customer s broker or by contacting Lloyd s on: , , or through info@lloyds.ca 01/12/10 LSW1543A CUS11/08

54 ENDORSEMENT NO. 21 Effective Date: FEBRUARY 14, 2013 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT EMPLOYEE BENEFITS LIABILITY INSURANCE 1. Subject to the terms and provisions of the Policy to which this Endorsement is attached, the Insurer agrees to pay on behalf of the Insured all sums which the Insured shall become legally obligated to pay any employee or former employee or the heirs, beneficiaries or legal representatives of either as damage arising from any act of negligence, error, mistake or omission of the Insured or others for whom the Insured is legally responsible in the administration of employee benefit programs of the Insured, provided any claim made to recover therefore is brought within the period this insurance is in effect. 2. The following definitions apply in connection with the insurance afforded by this Endorsement: (a) INSURED: The unqualified word "Insured" includes the Named Insured and also includes any executive officer, director or stockholder thereof while acting within the scope of his duties as such; any employee authorized to act in the administration of the Insured's employee benefit programs while so acting and, if the Named Insured is a partnership, any partner therein but only with respect to his liability as such. (b) EMPLOYEE BENEFIT PROGRAMS: The term "Employee Benefit Programs" shall mean group life insurance, group health insurance, profit sharing plans, pension plans, employee stock subscription plans, worker's compensation insurance, supplementary unemployment benefits, government unemployment compensation insurance, medical plans, dental plans, optical plans, social insurance and disability benefits insurance. (c) ADMINISTRATION: The unqualified word "Administration", wherever used, shall mean the following, provided the same are authorized by the Named Insured: (i) (ii) (iii) (iv) Counselling employees with respect to employee benefit programs; Interpretations relative to employee benefit programs; Record-keeping in connection with employee benefit programs; Enrollment, termination or cancellation of employees under employee benefit programs. 3. This insurance afforded by this Endorsement does not apply: (a) to any dishonest, fraudulent or criminal act or to libel, slander, discrimination or humiliation; (b) to bodily injury to, or sickness, disease or death, of any person, or to injury to or destruction of any tangible property, including the loss of use thereof; (c) to any claim for failure of performance of contract by any Insurer; (d) to any claim based upon the Insured's deliberate failure to comply with any worker's compensation, unemployment compensation, government pension plans, social security or disability benefits law or similar law; (e) (i) to any claim based upon: failure of securities to perform as represented by an Insured'; (ii) advice given by an Insured in connection with participation or non-participation in stock subscription plans; (iii) failure to comply with the requirements of the Pension Reform Act of 1974 (Employee Retirement Income Security Act of 1974) applicable in the United States of America. CUS01/08

55 ENDORSEMENT NO. 21 (Continued) Effective Date: FEBRUARY 14, The Limit of Liability as stated in the schedule hereof as applicable to "each claim" is the Limit of the Insurer's Liability for all damages incurred as a result of any one claim insured hereunder but each claim made shall be subject to the deductible amount set forth in the schedule and the Insurer shall be liable only for the difference between such deductible amount and the Limit of Liability for "each claim"; the Limit of such Liability stated in the schedule as "aggregate" is subject to the above provision respecting each claim, the total Limit of the Insurer's Liability for all damages insured hereunder. The aggregate Limit of Liability shall apply separately to each annual period this insurance is in force. Any act or omission on the part of one or another of the Insureds under this Policy shall not prejudice the rights or interests of any other Insured. The insurance afforded by this Endorsement, subject to the Limits of Liability stated herein shall apply to each Insured in the same manner and to the same extent as if a separate policy had been issued to each. SCHEDULE OF LIMITS: $1,000, on any one claim $1,000, in the aggregate DEDUCTIBLE: $1, any one claim Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2013 To FEBRUARY 14, 2014 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. WNR/BGH/12/0019 In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: FEBRUARY 14, 2013 Per:. CUS01/08

56 ENDORSEMENT NO. 22 Effective Date: FEBRUARY 14, 2013 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT S.E.F. NO. 94 LEGAL LIABILITY FOR DAMAGE TO HIRED AUTOMOBILES ENDORSEMENT The Insurer agrees to indemnify the Insured against the liability imposed by law upon the Insured or assumed by him under any contract or agreement for loss or damage arising from the care, custody or control of "Hired Automobiles" as defined on S.P.F. No. 6 - Standard Non-Owned Automobile Policy and resulting from loss or damage thereto, caused by ALL PERILS. DEDUCTIBLE CLAUSE Each occurrence causing loss or damage covered herein, except loss or damage caused by fire or lightning or theft of the entire automobile, shall give rise to a separate claim in respect of which the Insurer's liability shall be limited to the amount of loss or damage in excess of the amount deductible, if any, stated herein. TWO OR MORE AUTOMOBILES A motor vehicle and one or more trailers or semi-trailers attached thereto shall be held to be separate automobiles with respect to the limit of liability, including deductible provision, if any, under this Insuring Agreement. The Insurer shall not be liable: EXCLUSIONS (1) for loss or damage to any automobile while personally driven by the Insured if the Insured is an individual; or (2) for loss or damage (a) to tires or consisting of or caused by mechanical fracture or breakdown of any part of an automobile or by rusting, corrosion, wear and tear, freezing or explosion within the combustion chamber, unless the loss or damage is coincident with other loss or damage covered herein or is caused by fire, theft or malicious mischief; or (b) to any automobile while being used without the consent of the owner thereof; or (c) caused directly or indirectly by contamination by radioactive material; or (d) to contents of trailers or to rugs or robes; or (e) to tapes and equipment for use with a tape recorder when detached therefrom; or (f) caused directly or indirectly by bombardment, invasion, civil war, insurrection, rebellion, revolution, military or usurped power, or by the operation or armed forces while engaged in hostilities whether war be declared or not; or (g) for any amount in excess of the limit stated herein and expenditures provided for in the Additional Agreements of S.P.F. No. 6 Standard Non-Owned Automobile Policy to which this Endorsement is attached. CUS01/08

57 ENDORSEMENT NO. 22 (Continued) Effective Date: FEBRUARY 14, 2013 ADDITIONAL AGREEMENTS The Insurer further agrees to pay general average, salvage and fire department charges and custom duties of Canada or of the United States of America for which the Insured is legally liable. LIMIT OF LIABILITY $50, (Exclusive of interests and costs) any one accident. $ 1, per occurrence. DEDUCTIBLE AMOUNT Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2013 To FEBRUARY 14, 2014 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. WNR/BGH/12/0019 In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: FEBRUARY 14, 2013 Per:. CUS01/08

58 ENDORSEMENT NO. 23 Effective Date: FEBRUARY 14, 2013 THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT ADVERTISING INJURY COVERAGE It is agreed that Item 3 of the Exclusions of the Commercial General Liability policy is amended to read as follows: This policy does not apply to: 3. with respect to Personal Injury coverage as defined in Definition 4 (b) to (e) inclusive: (a) (b) (c) injury caused by the willful violation of a penal ordinance committed by or with the knowledge or consent of the insured; or injury arising out of oral or written publication of material, if done by or at the direction of the insured with knowledge of its falsity; or injury arising out of oral or written publication of material whose first publication took place before the beginning of the Policy Period. It is agreed that Item 4 of the Definitions of the Commercial General Liability policy is amended to read as follows: 4. Personal Injury The term Personal Injury wherever used in the Policy shall mean: (a) (b) (c) (d) (e) bodily Injury, mental anguish, shock, sickness, or disease, including death at any time resulting therefrom, or false arrest, malicious prosecution, willful or wrongful detention or imprisonment, or libel, slander, defamation of character except with respect to injury arising out of advertising injury, or invasion of privacy, right of privacy, wrongful eviction or wrongful entry, trespass, or advertising injury, including any other legal action alleging the foregoing by any other name. It is agreed that the following item is added to the Definitions of the Commercial General Liability policy: 8. Advertising Injury The term Advertising Injury wherever used in the Policy shall mean injury arising out of one or more of the following offenses: (a) (b) (c) (d) oral or written publication of material that slanders or libels a person or organization or disparages a person s or organization s goods products or services; oral or written publication of material that violates a person s right of privacy; misappropriation of advertising ideas or style of doing business; or infringement of copyright, title or slogan, committed or alleged to have been committed during the Policy Period, in any advertisement, publicity article, broadcast or telecast and arising out of the Named Insured s advertising activities. CUS01/08

59 ENDORSEMENT NO. 23 (Continued) Effective Date: FEBRUARY 14, 2013 It is agreed that the following item is added to the Exclusions of the Commercial General Liability policy: This policy does not apply to: 19. with respect to Advertising Injury as defined: (a) (b) (c) injury arising out of failure of performance of contract, but this shall not relate to claims for unauthorized appropriation of ideas based upon alleged breach of an implied contract; injury arising out of infringement of trade mark, service mark, or trade name, other than titles or slogans, by use thereof on or in connection with goods or services sold, offered for sale or advertised; or injury arising out of incorrect description of any article or commodity or error in advertised price. It is hereby agreed that the sum of ONE THOUSAND ($1,000.00) DOLLARS shall be deducted from the total amount of all claims, legal fees, and adjusting expenses combined in any one occurrence and the Insurer shall be liable only for the difference between such deductible amount and the Limit of Liability Each Occurrence as stated in this endorsement in this endorsement. The Insurer may pay any part of all of the deductible amount to effect settlement of any claim or suit and upon notification of the action taken, the Named Insured shall promptly reimburse the Insurer for such part of the deductible amount as has been paid by the Insurer. Nothing herein contained shall be held to vary, alter, waive or extend any of the statements, agreements, exclusions or conditions of the Policy other than stated above. Policy Period: FEBRUARY 14, 2013 To FEBRUARY 14, 2014 Policy Number: Insured: CATWL10731 HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. WNR/BGH/12/0019 In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: FEBRUARY 14, 2013 Per:. CUS01/08

60 ENDORSEMENT NO. 24 Effective Date: FEBRUARY 14, 2014 COMMERCIAL GENERAL LIABILITY RENEWAL CERTIFICATE Item 1. Named Insured HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O SUBSCRIBING MEMBER CLUBS A/O CERTIFIED SCHOOLS A/O INDIVIDUAL STUDENTS ONLY WHILE RECEIVING INSTRUCTION AT THESE CERTIFIED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS Item 2. Renewal Policy Number CATWL10731 Item 3. Policy Period (Both days at 12:01 a.m. Standard Time at the Mailing Address of the Named Insured as stated.) From: FEBRUARY 14, 2014 To FEBRUARY 14, 2015 Item 4. Renewal Premium: $33,890 Adjustment Rate: FLAT Minimum Retained Premium: $16,945 Except $8,473 with respect to cancellation requested by the Premium Financing Company. Item 5. Limits of Liability: Coverage: Commercial General Liability Amount CAD $5,000,000 Inclusive Each Occurrence Amount CAD $5,000,000 In the Aggregate with respect to Products and Completed Operations Liability Coverage: S.P.F. No. 6 Standard Non-Owned Automobile Policy Amount CAD $5,000,000 (Exclusive of interest and costs) for loss or damage resulting from Bodily Injury to or the death of one or more persons, and for loss or damage to property, regardless of the number of claims arising from one accident. Item 6. The Intermediary negotiating this insurance on behalf of the Coverholder is: Windsor, 71 Fenchurch Street, London EC3M 4BS This insurance has been effected in accordance with the authorization granted to the Coverholder by the Underwriting Members of the Syndicates whose definitive numbers and proportions are shown in the Table attached to Agreement No. HSG/BGH/13/0019 (hereinafter referred to as the Underwriters ). The Underwriters shall be liable hereunder each for his own part and not one for another in proportion to the several sums that each of them has subscribed to the said Agreement. All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. HSG/BGH/13/0019 / UMR No. B1294HSGBGH For purposes of the Insurance Companies Act (Canada), this document was issued in the course of Lloyd s Underwriters Insurance business in Canada. In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: FEBRUARY 12, 2014 Per:. CUS CGL (12/02)

61 WINDSOR Canadian Third Party and Products Liability Binding Authority Contract Security Schedule HSG/BGH/13/0019 Attaching to and forming part of Policy No.: CATWL % SJC 2003 Catlin Underwriting Agencies Limited % AMA 1200 Argo Managing Agency Ltd % CVS 1919 Starr Underwriting Agents Ltd % AUW 609 Atrium Underwriters Ltd.

62 LLOYD S UNDERWRITERS POLICYHOLDERS COMPLAINT PROTOCOL Lloyd s strives to enhance your customer experience with us through superior service and innovative insurance products. We have developed a formal complaint handling protocol in accordance with the Insurance Companies Act of Canada to ensure your concerns as our valued customer are addressed expeditiously by our representatives. This protocol will assist you in understanding the steps we will undertake to help resolve any dispute which may arise with our product or service. All complaints will be handled in a professional manner. All complaints will be investigated, acted upon, and responded to in writing or by telephone by a Lloyd s representative promptly after the receipt of the complaint. If you are not satisfied with our products or services, you can take the following steps to address the issue: - Firstly, please contact the broker who arranged the insurance on your behalf about your concerns so that he or she may have the opportunity to help resolve the situation. - If your broker is unable to help resolve your concerns, we ask that you provide us in writing an outline of your complaint along with the name of your broker and your policy number. Please forward your complaint to: Lloyd s Underwriters Attention: Complaints Officer: 1155 rue Metcalfe, Suite 2220, Montréal (Québec) H3B 2V6 Tel: Fax: (514) lineage@lloyds.ca Your complaint will be directed to the appropriate business contact for handling. They will write to you within two business days to acknowledge receipt of your complaint and to let you know when you can expect a full response. If need be, we will also engage internal staff in Lloyd s Policyholder and Market Assistance Department in London, England, who will respond directly to you, and in the last stages, they will issue a final letter of position on your complaint. In the event that your concerns are still not addressed to your satisfaction, you have the right to continue your pursuit to have your complaint reviewed by the following organizations: General Insurance OmbudService (GIO) assists in the resolution of conflicts between insurance customers and their insurance companies. The GIO can be reached at: Toll free number: For Quebec clients: Autorité des marchés financiers (AMF). The regulation of insurance companies in Quebec is administered by the AMF. If you remain dissatisfied with the manner in which your complaint has been handled, or with the results of the complaint protocol, you may send your complaint to the AMF who will study your file and who may recommend mediation, if it deems this action appropriate and if both parties agree to it. The AMF can be reached at Toll Free: Québec: (418) Montréal: (514) If you have a complaint specifically about Lloyd s Underwriters complaints handling procedures you may contact the Financial Consumer Agency of Canada (FCAC). Financial Consumer Agency of Canada (FCAC) provides consumers with accurate and objective information about financial products and services, and informs Canadians of their rights and responsabilities when dealing with financial institutions. FCAC also ensures compliance with the federal consumer protection laws that apply to banks and federally incorporated trust, loan and insurance companies. The FCAC does not get involved in individual disputes. The FCAC can be reached at: 427 Laurier Avenue West, 6th Floor, Ottawa ON K1R 1B9 Services in English: FCAC (3222) Services in French: ACFC (2232) 07/12 LSW1542E

63 Code of Consumer Rights and Responsibilities Insurers (including Lloyd's Underwriters), along with the brokers and agents who sell home, auto and business insurance are committed to safeguarding your rights both when you shop for insurance and when you submit a claim following a loss. Your rights include the right to be informed fully, to be treated fairly, to timely complaint resolution, and to privacy. These rights are grounded in the contract between you and your insurer and the insurance laws of your province. With rights, however, come responsibilities including, for example, the expectation that you will provide complete and accurate information to your insurer. Your policy outlines other important responsibilities. Insurers and their distribution networks, and governments also have important roles to play in ensuring that your rights are protected. Right to Be Informed You can expect to access clear information about your policy, your coverage, and the claims settlement process. You have the right to an easy-to-understand explanation of how insurance works and how it will meet your needs. You also have a right to know how insurers calculate price based on relevant facts. Under normal circumstances, insurers will advise an insurance customer or the customer s intermediary of changes to, or the cancellation of a policy within a reasonable prescribed period prior to the expiration of the policy, if the customer provides information required for determining renewal terms of the policy within the time prescribed, which could vary by province, but is usually 45 days prior to expiry of the policy. You have the right to ask who is providing compensation to your broker or agent for the sale of your insurance. Your broker or agent will provide information detailing for you how he or she is paid, by whom, and in what ways. You have a right to be told about insurers' compensation arrangements with their distribution networks. You have a right to ask the broker or agent with whom you deal for details of how and by whom it is being paid. Brokers and agents are committed to providing information relating to ownership, financing, and other relevant facts. Responsibility to Ask Questions and Share Information To safeguard your right to purchase appropriate coverage at a competitive price, you should ask questions about your policy so that you understand what it covers and what your obligations are under it. You can access information through one-on-one meetings with your broker or agent. You have the option to shop the marketplace for the combination of coverages and service levels that best suits your insurance needs. To maintain your protection against loss, you must promptly inform your broker or agent of any change in your circumstances. Right to Complaint Resolution Insurers, their brokers and agents are committed to high standards of customer service. If you have a complaint about the service you have received, you have a right to access Lloyd's Underwriters complaint resolution process for Canada. Your agent or broker can provide you with information about how you can ensure that your complaint is heard and promptly handled. Consumers may also contact their respective provincial insurance regulator for information. Lloyd's is a member of an independent complaint resolution office, the General Insurance OmbudService. Responsibility to Resolve Disputes You should always enter into the dispute resolution process in good faith, provide required information in a timely manner, and remain open to recommendations made by independent observers as part of that process.

64 Right to Professional Service You have the right to deal with insurance professionals who exhibit a high ethical standard, which includes acting with honesty, integrity, fairness and skill. Brokers and agents must exhibit extensive knowledge of the product, its coverages and its limitations in order to best serve you. Right to Privacy Because it is important for you to disclose any and all information required by an insurer to provide the insurance coverage that best suits you, you have the right to know that your information will be used for the purpose set out in the privacy statement made available to you by your broker, agent or insurance representative. This information will not be disclosed to anyone except as permitted by law. You should know that Lloyd's Underwriters are subject to Canada s privacy laws - with respect to their business in Canada. 10/12 LSW1565C

65 NOTICE CONCERNING PERSONAL INFORMATION By purchasing insurance from certain Underwriters at Lloyd s, London ( Lloyd s ), a customer provides Lloyd s with his or her consent to the collection, use and disclosure of personal information, including that previously collected, for the following purposes: the communication with Lloyd s policyholders the underwriting of policies the evaluation of claims the detection and prevention of fraud the analysis of business results purposes required or authorised by law For the purposes identified, personal information may be disclosed to Lloyd s related or affiliated organisations or companies, their agents/mandataires, and to certain non-related or unaffiliated organisations or companies, including service providers. These entities may be located outside Canada therefore a customer s information may be processed in a foreign jurisdiction (the United Kingdom and the European Union) and their information may be accessible to law enforcement and national security authorities of that jurisdiction. To obtain written information about Lloyd s policies and practices in respect of service providers located outside Canada, please contact the Ombudsman at lineage@lloyds.ca who will also answer customer s questions about the collection, use, disclosure or storage of their personal information by such Lloyd s service providers. Further information about Lloyd s personal information protection policy may be obtained from the customer s broker or by contacting Lloyd s on: , , or through info@lloyds.ca 01/12/10 LSW1543A CUS11/08

66 SANCTION LIMITATION AND EXCLUSION CLAUSE No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re)insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America. 15/09/10 LMA3100

67 The Statutory Conditions contained herein shall supersede, supplement or add to any existing conditions contained within this policy and are applicable to the Provinces of British Columbia and Alberta according to law. Property of others STATUTORY CONDITIONS (Applicable to British Columbia and Alberta) 2. The insurer is not liable for loss or damage to property owned by a person other than the insured unless (a) (b) otherwise specifically stated in the contract, or the interest of the insured in that property is stated in the contract. Change of interest 3. The insurer is liable for loss or damage occurring after an authorized assignment under Banktruptcy and Insolvency Act (Canada) or a change of title by succession, by operation of law or by death. Material change in risk 4. (1) The insured must promptly give notice in writing to the insurer or its agent of a change that is (a) (b) material to the risk, and within the control and knowledge of the insured. (2) If an insurer or its agent is not promptly notified of a change under subparagraph (1) of this condition, the contract is void as to the part affected by the change. (3) If an insurer or its agent is notified of a change under subparagraph (1) of this condition, the insurer may (a) (b) terminate the contract in accordance with Statutory Condition 5, or notify the insured in writing that, if the insured desires the contract to continue in force, the insured must, within 15 days after receipt of the notice, pay to the insurer an additional premium specified in the notice. (4) If the insured fails to pay an additional premium when required to do so under subparagraph (3)(b) of this condition, the contract is terminated at that time and Statutory Condition 5(2)(a) applies in respect of the unearned portion of the premium. Termination of insurance 5. (1) The contract may be terminated (a) (b) by the insurer giving to the insured 30 days notice of termination by registered mail or 15 days notice of termination by registered mail for non-payment of premium or 5 days written notice of termination personally delivered, or by the insured at any time on request. (2) If the contract is terminated by the insurer, (a) (b) the insurer must refund the excess of premium actually paid by the insured over the prorated premium for the expired time, but in no event may the prorated premium for the expired time be less than any minimum retained premium specified in the contract, and the refund must accompany the notice unless the premium is subject to adjustment or determination as to amount, in which case the refund must be made as soon as practicable. (3) If the contract is terminated by the insured, the insurer must refund as soon as practicable the excess of premium actually paid by the insured over the short rate premium for the expired time specified in the contract, but in no event may the short rate premium for the expired time be less than any minimum retained premium specified in the contract. (4) The 15 day period referred to in subparagraph (1)(a) of this condition starts to run on the day the registered letter or notification of it is delivered to the insured s postal address. Notice 14. (1) Written notice to the insurer may be delivered at, or sent by registered mail to, the chief agency or head office of the insurer in the province. (2) Written notice to the insured may be personally delivered at, or sent by registered mail addressed to, the insured s last known address as provided to the insurer by the insured. CUS CGL (12/02)

68 ENDORSEMENT NO. 25 Effective Date: FEBRUARY 14, 2015 COMMERCIAL GENERAL LIABILITY RENEWAL CERTIFICATE Item 1. Named Insured HANG GLIDING AND PARAGLIDING ASSOCIATION OF CANADA A/O ASSOCIATION CANADIENNE DE VOL LIBRE A/O INDIVIDUAL MEMBERS A/O CLUBS COMPRISED PRIMARILY OF HPAC MEMBERS A/O SCHOOLS IN WHICH ALL INSTRUCTORS ARE HPAC CERTIFIED A/O INDIVIDUAL STUDENTS WHILE RECEIVING INSTRUCTION UNDER THE SUPERVISION OF A CERTIFIED INSTRUCTOR AT THESE INSURED SCHOOLS A/O OTHER RECOGNIZED PROVINCIAL AND REGIONAL ASSOCIATIONS Item 2. Renewal Policy Number STAWL10140 Item 3. Policy Period (Both days at 12:01 a.m. Standard Time at the Mailing Address of the Named Insured as stated.) From: FEBRUARY 14, 2015 To FEBRUARY 14, 2016 Item 4. Renewal Premium: $34,606 Adjustment Rate: FLAT Minimum Retained Premium: $17,303 Except $8,652 with respect to cancellation requested by the Premium Financing Company. Item 5. Limits of Liability: Coverage: Commercial General Liability Amount CAD $5,000,000 Inclusive Each Occurrence Amount CAD $5,000,000 In the Aggregate with respect to Products and Completed Operations Liability Coverage: S.P.F. No. 6 Standard Non-Owned Automobile Policy Amount CAD $5,000,000 (Exclusive of interest and costs) for loss or damage resulting from Bodily Injury to or the death of one or more persons, and for loss or damage to property, regardless of the number of claims arising from one accident. Item 6. The Intermediary negotiating this insurance on behalf of the Coverholder is: Windsor, 16 Eastcheap, London EC3M 1BD This insurance has been effected in accordance with the authorization granted to the Coverholder by the Underwriting Members of the Syndicates whose definitive numbers and proportions are shown in the Table attached to Agreement No. HSG/BGH/14/1695 (hereinafter referred to as the Underwriters ). The Underwriters shall be liable hereunder each for his own part and not one for another in proportion to the several sums that each of them has subscribed to the said Agreement. All other terms and conditions remain unchanged. Certain Underwriters at Lloyd s, London Agreement No. HSG/BGH/14/1695 / UMR No. B1294HSGBGH For purposes of the Insurance Companies Act (Canada), this document was issued in the course of Lloyd s Underwriters Insurance business in Canada. In witness whereof this endorsement has been signed as authorized by the Underwriters, by Chutter Underwriting Services. Date Issued: FEBRUARY 16, 2015 Per:. CUS CGL (12/02)

69 WINDSOR Canadian Third Party and Products Liability Binding Authority Contract Security Schedule HSG/BGH/14/1695 Attaching to and forming part of Policy No.: STAWL % CVS 1919 Starr Underwriting Agents Ltd.

70 LLOYD S UNDERWRITERS POLICYHOLDERS COMPLAINT PROTOCOL Lloyd s strives to enhance your customer experience with us through superior service and innovative insurance products. We have developed a formal complaint handling protocol in accordance with the Insurance Companies Act of Canada to ensure your concerns as our valued customer are addressed expeditiously by our representatives. This protocol will assist you in understanding the steps we will undertake to help resolve any dispute which may arise with our product or service. All complaints will be handled in a professional manner. All complaints will be investigated, acted upon, and responded to in writing or by telephone by a Lloyd s representative promptly after the receipt of the complaint. If you are not satisfied with our products or services, you can take the following steps to address the issue: - Firstly, please contact the broker who arranged the insurance on your behalf about your concerns so that he or she may have the opportunity to help resolve the situation. - If your broker is unable to help resolve your concerns, we ask that you provide us in writing an outline of your complaint along with the name of your broker and your policy number. Please forward your complaint to: Lloyd s Underwriters Attention: Complaints Officer: 1155 rue Metcalfe, Suite 2220, Montréal (Québec) H3B 2V6 Tel: Fax: (514) lineage@lloyds.ca Your complaint will be directed to the appropriate business contact for handling. They will write to you within two business days to acknowledge receipt of your complaint and to let you know when you can expect a full response. If need be, we will also engage internal staff in Lloyd s Policyholder and Market Assistance Department in London, England, who will respond directly to you, and in the last stages, they will issue a final letter of position on your complaint. In the event that your concerns are still not addressed to your satisfaction, you have the right to continue your pursuit to have your complaint reviewed by the following organizations: General Insurance OmbudService (GIO) assists in the resolution of conflicts between insurance customers and their insurance companies. The GIO can be reached at: Toll free number: For Quebec clients: Autorité des marchés financiers (AMF). The regulation of insurance companies in Quebec is administered by the AMF. If you remain dissatisfied with the manner in which your complaint has been handled, or with the results of the complaint protocol, you may send your complaint to the AMF who will study your file and who may recommend mediation, if it deems this action appropriate and if both parties agree to it. The AMF can be reached at Toll Free: Québec: (418) Montréal: (514) If you have a complaint specifically about Lloyd s Underwriters complaints handling procedures you may contact the Financial Consumer Agency of Canada (FCAC). Financial Consumer Agency of Canada (FCAC) provides consumers with accurate and objective information about financial products and services, and informs Canadians of their rights and responsabilities when dealing with financial institutions. FCAC also ensures compliance with the federal consumer protection laws that apply to banks and federally incorporated trust, loan and insurance companies. The FCAC does not get involved in individual disputes. The FCAC can be reached at: 427 Laurier Avenue West, 6th Floor, Ottawa ON K1R 1B9 Services in English: FCAC (3222) Services in French: ACFC (2232) 07/12 LSW1542E