日本财产保险（中国）有限公司
GENERAL LIABILTY POLICY（注册号： H00005330912017032865581）
Standard Provisions
Sompo Japan Insurance (China) Co.,Ltd.
(hereinafter called the Company)
In consideration of the payment of the premium, in reliance upon the statements in the
declarations made a part hereof and subject to all of the terms of this policy, agrees with theNamed Insured as follows:
COVERAGE
Coverage is afforded under this policy in accordance with the specific Coverage Parts identified in
the Declarations as being a part of this policy.
SUPPLEMENTARY PAYMENTS
The Company will pay, in addition to the applicable limit of liability:(a) all expenses incurred by the Company, all costs taxed against the Insured in any suit defended
by the Company and all interest on the entire amount of any judgment therein which accrues after
entry of the judgment and before the Company has paid or tendered or deposited in court that partof the judgment which does not exceed the limit of the Company's liability thereon;(b) premiums on appeal bonds required in any such suit, premiums on bonds to releaseattachments in any such suit for an amount not in excess of the applicable limit of liability of thispolicy, and the cost of bail bonds required of the Insured because of accident or traffic law
violation arising out of the use of any vehicle to which this policy applies, not to exceed $250 per
bail bond, but the Company shall have no obligation to apply for or furnish any such bonds;(c) expenses incurred by the Insured for first aid to others at the time of an accident, for bodily
injury to which this policy applies;(d) reasonable expenses incurred by the Insured at the Company's request in assisting theCompany in the investigation or defense of any claim or suit, including actual loss of earnings not
to exceed $25 per day.
DEFINITIONSWhen used in this policy (including endorsements forming a part hereof):日本财产保险（中国）有限公司“automobile”means a land motor vehicle, trailer or semitrailer designed for travel on public roads(including any machinery or apparatus attached thereto), but does not include mobile equipment;“bodily injury” means bodily injury, sickness or disease sustained by any person which occurs
during the policy period, including death at any time resulting therefrom;“collapse hazard” includes “structural property damage” as defined herein and property damage toany other property at any time resulting therefrom “structural property damage” means thecollapse of or structural injury to any building or structure due to (1) grading of land, excavating,borrowing, filling, backfilling, tunnelling, pile driving, cofferdam work or caisson work or (2)moving, shoring, underpinning, raising or demolition of any building or structure or removal orrebuilding of any structural support thereof. The collapse hazard does not include property damage(1) arising out of operations performed for the Named Insured by independent contractors, or (2)included within the completed operations hazard or the underground property damage hazard, or(3) for which liability is assumed by the Insured under an incidental contract;“completed operations hazard” includes bodily injury and property damage arising out of
operations or reliance upon a representation or warranty made at any time with respect thereto, but
only if the bodily injury or property damage occurs after such operations have been completed or
abandoned and occurs away from premises owned by or rented to the Named Insured.
Operations”include materials, parts or equipment furnished in connection therewith. Operations
shall be deemed completed at the earliest of the following times:(1) when all operations to be perfomed by or on behalf of the Named Insured under the contract
have been completed,(2) when all operations to be performed by or on behalf of the Named Insured at the site of theoperations have been completed,or(3) when the portion of the work out of which the injury or damage arises has been put to its
intended use by any person or organization other than another contractor or subcontractor engaged
in performing operations for a principal as a part of the same project.
Operations which may require further service or maintenance work, or correction, repair or
replacement because of any defect or deficiency, but which are otherwise complete, shall bedeemed completed.
The completed operations hazard does not include bodily injury or property damage arising out of(a) operations in connection with the transportation of property, unless the bodily injury orproperty damage arises out of a condition in or on a vehicle created by the loading or unloading
thereof,日本财产保险（中国）有限公司(b) the existence of tools, uninstalled equipment or abandoned or unused materials,or(c) operations for which the classification stated in the policy or in the Company's manual
specifies“including completed operations”;“elevator” means any hoisting or lowering device to connect floors or landings, whether or not inservice, and all appliances thereof including any car, platform, shaft, hoistway, stairway, runway,
power equipment and machinery; but does not include an automobile servicing hoist, or a hoist
without a platform outside a building if without mechanical power or if not attached to building
walls, or a hod or material hoist used in alteration, construction or demolition operations, or an
inclined conveyor used exclusively for carrying property or a dumbwaiter used exclusively forcarrying property and have a compartment height not exceeding four feet;“explosion hazard” includes property damage arising out of blasting or explosion. The explosion
hazard does not include property damage (1) arising out of the explosion of air or steam vessels,
piping under pressure, prime movers, machinery or power transmitting equipment, or (2) arisingout of operations performed for the Named Insured by independent contractors, or (3) included
within the completed operations hazard or the underground property damage hazard, or (4) for
which liability is assumed by the Insured under an incidental contract;“incidental contract” means any written (1) lease of premises, (2) easement agreement, except inconnection with construction or demolition operations on or adjacent to a railroad, (3) undertaking
to indemnify a municipality required by municipal ordinance, except in connection with work forthe municipality, (4) sidetrack agreement, or (5) elevator maintenance agreement;“Insured” means any person or organization qualifying as an Insured in the “Persons Insured”
provision of the applicable insurance coverage. The insurance afforded applies separately toeach Insured against whom claim is made or suit is brought, except with respect to the limits of theCompany's liability;“mobile equipment” means a land vehicle (including any machinery or apparatus attached thereto),
whether or not self-propelled, (1) not subject to motor vehicle registration, or (2) maintained foruse exclusively on premises owned by or rented to the Named Insured, including the ways
immediately adjoining, or (3) designed for use principally off public roads, or (4) designed or
maintained for the sole purpose of affording mobility to equipment of the following types forming
an integral part of or permanently attached to such vehicle: power cranes, shovels, loaders, diggers
and drills; concrete mixers (other than the mix-in-transit type); graders, scrapers, rollers and otherroad construction or repair equipment; air-compressors, pumps and generators, including spraying,welding and building cleaning equipment; and geophysical exploration and well servicing
equipment;日本财产保险（中国）有限公司“Named Insured” means the person or organization named in the declarations of this policy;“Named Insured's products” means goods or products manufactured, sold, handled or distributedby the Named Insured or by others trading under his name, including any container thereof (otherthan a vehicle), but “Named Insured's products” shall not include a vending machine or any
property other than such container, rented to or located for use of others but not sold;“occurrence” means an accident, including continuous or repeated exposure to conditions, which
results in bodily injury or property damage neither expected nor intended from the standpoint of
the Insured;“policy territory” means:(1) any nation or area described in the policy or(2) international waters or air space, provided the bodily injury or property damage does not occur
in the course of travel or transportation to or from any other nation or area
(3) anywhere in the world with respect to damages because of bodily injury or property damage
arising out of a product which was sold for use or consumption within the territory described in
the policy, provided the original suit for such damages is brought within Japan or such territory;“products hazard” includes bodily injury and property damage arising out of the Named Insured's
products or reliance upon a representation or warranty made at any time with respect thereto, but
only if the bodily injury or property damage occurs away from premises owned by or rented to the
Named Insured and after physical possession of such products has been relinquished to others;“property damage” means (1)physical injury to or destruction of tangible property which occurs
during the policy period, including the loss of use thereof at any time resulting therefrom, or (2)loss of use of tangible property which has not been physically injured or destroyed provided suchloss of use is caused by an occurrence during the policy period;“underground property damage hazard” includes underground property damage as defined herein
and property damage to any other property at any time resulting therefrom.“Underground property
damage” means property damage to wires, conduits, pipes, mains, sewers, tanks, tunnels, any
similar property, and any apparatus in connection therewith, beneath the surface of the ground or
water, caused by and occurring during the use of mechanical equipment for the purpose of grading
land, paving, excavating, drilling, borrowing, filling, back-filling or pile driving. The
underground property damage hazard does not include property damage (1) arising out of
operations performed for the Named Insured by independent contractors, or (2) included within
the completed operations hazard, or (3) for which liability is assumed by the Insured under anincidental contract.
CONDITIONS
1. Premium
All premiums for this policy shall be computed in accordance with the Company's rules, rates,日本财产保险（中国）有限公司
rating plans, premium and minimum premiums applicable to the insurance afforded herein.
Premium designated in this policy as “advance premium” is a deposit premium only which shallbe credited to the amount of the earned premium due at the end of the policy period. At the closeof each period (or part thereof terminating with the end of the policy period) designated in the
declarations as the audit period the earned premium shall be computed for such period and, upon
notice thereof to the Named Insured, shall become due and payable. If the total earned premiumfor the policy period is less than the premium previously paid, the Company shall return to the
Named Insured the unearned portion paid by the Named Insured.
The Named Insured shall maintain records of such information as is necessary for premiumcomputation, and shall send copies of such records to the Company at the end of the policy period
and at such times during the policy period as the Company may direct.
2. Inspection and Audit
The Company shall be permitted but not obligated to inspect the Named Insured's property andoperations at any time. Neither the Company's right to make inspections nor the making thereof
nor any report thereon shall constitute an undertaking, on behalf of or for the benefit of the Named
Insured or others, to determine or warrant that such property or operations are safe or healthful, or
are in compliance with any law, rule or regulation.
The Company may examine and audit the Named Insured's books and records at any time
during the policy period and extensions thereof and within three years after the final termination ofthis policy, as far as they relate to the subject matter of this insurance.
3. Insured's Duties in the Event of Occurrence, Claim or Suit(a) In the event of an occurrence, written notice containing particulars sufficient to identify the
Insured and also reasonably obtainable information with respect to the time, place andcircumstances thereof, and the names and addresses of the injured and of available witnesses, shallbe given by or for the Insured to the Company or any of its authorized agents as soon aspracticable.
(b) If claim is made or suit is brought against the Insured, the Insured shall immediately forward to
the Company every demand, notice, summons or other process received by him or his
representative.
(c) The Insured shall cooperate with the Company and, upon the Company'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.
The Insured shall not, except at his own cost, voluntarily make any payment, assume any日本财产保险（中国）有限公司
obligation or incur any expense other than for first aid to others at the time of accident.
(d) The time of validity of a claim under this insurance shall not exceed a period of two years
counting from the date of learning the loss by the Insured.
4. Action Against Company
No action shall lie against the Company unless, as a condition precedent thereto, there shallhave been full compliance with all of the terms of this policy, nor until 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 Company.
Any person or organization or the legal representative thereof who has secured such judgment
or written agreement shall thereafter be entitled to recover under this policy to the extent of theinsurance afforded by this policy. No person or organization shall have any right under this policy
to joint the Company as a party to any action against the Insured to determine the Insured's
liability, nor shall the Company be impleaded by the Insured or his legal representative.
Bankruptcy or insolvency of the Insured or of the Insured's estate shall not relieve the Company of
any of its obligations hereunder.
5. Other Insurance
The insurance afforded by this policy is primary insurance, except when stated to apply inexcess of or contingent upon the absence of other insurance. When this insurance is primary andthe Insured has other insurance which is stated to be applicable to the loss on an excess orcontingent basis, the amount of the Company's liability under this policy shall not be reduced by
the existence of such other insurance.
When both this insurance and other insurance apply to the loss on the same basis, whether
primary, excess or contingent, the Company shall not be liable under this policy for a greater
proportion of the loss than that stated in the applicable contribution provision below:(a) Contribution by Equal Shares
If all of such other valid and collectible insurance provides for contribution by equal shares,
the Company shall not be liable for a greater proportion of such loss than would be payable if each
insurer contributes an equal share until the share of each insurer equals the lowest applicable limitof liability under any one policy or the full amount of the loss is paid, and with respect to any
amount of loss not so paid the remaining insurers then continue to contribute equal shares of theremaining amount of the loss until each such insurer has paid its limit in full or the full amount of
the loss is paid.
(b) Contribution by Limits
If any of such other insurance does not provide for contribution by equal shares, theCompany shall not be liable for a greater proportion of such loss than the applicable limit of日本财产保险（中国）有限公司
liability under this policy for such loss bears to the total applicable limit of liability of all valid
and collectible insurance against such loss.
6. Subrogation
In the event of any payment under this policy, the Company shall be subrogated to all the
Insured's rights of recovery therefor against any person or organization and the Insured shall
execute and deliver instruments and papers and do whatever else is necessary to secure such rights.
The Insured shall do nothing after loss to prejudice such rights.
7. Changes
Notice to any agent or knowledge possessed by any agent or by any other person shall not effecta waiver or a change in any part of this policy or estop the Company from asserting any rightunder the terms of this policy; nor shall the terms of this policy be waived or changed, except byendorsement issued to form a part of this policy.
8. Assignment
Assignment of interest under this policy shall not bind the Company until its consent isendorsed hereon; if, however, the Named Insured shall die, such insurance as is afforded by thispolicy shall apply (1) to the Named Insured's legal representative, as the Named Insured, but only
while acting within the scope of his duties as such, and (2) with respect to the property of theNamed Insured, to the person having proper temporary custody thereof, as Insured, but only
until the appointment and qualification of the legal representative.
9. Long-term Policy
If this policy is issued for a period of one year any limit of the Company's liability stated in thispolicy as “aggregate” shall apply separately to each consecutive annual period thereof.
10. Cancellation
This policy may be cancelled by the Named Insured by surrender thereof to the Company or
any of its authorized agents or by mailing to the Company written notice stating when thereafter
the cancellation shall be effective. This policy may be cancelled by the Company by mailing to the
Named Insured at the address shown in this policy, written notice stating when not less than tendays thereafter such cancellation shall be effective. The mailing of notice as aforesaid shall be
sufficient proof of notice. The time of surrender or the effective date and hour of cancellation
stated in the notice shall become the end of the policy period. Delivery of such written noticeeither by the Named Insured or by the Company shall be equivalent to mailing.
If the Named Insured cancels, earned premium shall be computed in accordance with thecustomary short rate table and procedure. If the Company cancels, earned premium shall be日本财产保险（中国）有限公司
computed pro rata. Premium adjustment may be made either at the time cancellation is effectedor as soon as practicable after cancellation becomes effective, but payment or tender of unearned
premium is not a condition of cancellation.
11.Declarations
By acceptance of this policy, the Named Insured agrees that the statements in the declarations
are his agreements and representations, that this policy is issued in reliance upon the truth of such
representations and that this policy embodies all agreements existing between himself and theCompany or any of its agents relating to this insurance.

COMPREHENSIVE GENERAL LIABILITY INSURANCE
COVERAGE PARTⅠ. COVERAGE A ―― BODILY INJURY LIABILITY
COVERAGE B ―― PROPERTY DAMAGE LIABILITYThe Company will pay on behalf of the Insured all sums which the Insured shall become legallyobligated to pay as damages because of
A. bodily injury or
B. property damage
to which this insurance applies, caused by an occurrence and the Company shall have the right andduty to defend any suit against the Insured seeking damages on account of such bodily injury orproperty damage, even if any of the allegations of the suit are groundless, false or fraudulent, andmay make such investigation and settlement of any claim or suit as it deems expedient, but theCompany shall not be obligated to pay any claim or judgment or to defend any suit after theapplicable limit of the Company's liability has been exhausted by payment of judgments or
settlements.

Exclusions
This insurance does not apply:(a) to liability assumed by the Insured under any contract or agreement except an incidental
contract; but this exclusion does not apply to a warranty of fitness or quality of the Named
Insured's products or a warranty that work performed by or on behalf of the Named
Insured will be done in a workmanlike manner;(b) to bodily injury or property damage arising out of the ownership, maintenance,
operation, use, loading or unloading of日本财产保险（中国）有限公司(1) any automobile or aircraft owned or operated by or rented or loaned to any Insured, or(2) any other automobile or aircraft operated by any person in the course of his employment
by any Insured;
but this exclusion does not apply to the parking of an automobile on premises owned by,rented to or controlled by the Named Insured or the ways immediately adjoining, if suchautomobile is not owned by or rented or loaned to any Insured;(c) to bodily injury or property damage arising out of (1) the ownership, maintenance,
operation, use, loading or unloading of any mobile equipment while being used in any
prearranged or organized racing, speed or demolition contest or in any stunting activity orin practice or preparation for any such contest or activity or (2) the operation or use of any
snowmobile or trailer designed for use therewith;(d) to bodily injury or property damage arising out of and in the course of the transportationof mobile equipment by an automobile owned or operated by or rented or loaned to any
Insured;(e) to bodily injury or property damage arising out of the ownership, maintenance, operation,use, loading or unloading of(1) any watercraft owned or operated by or rented or loaned to any Insured, or(2) any other watercraft operated by any person in the course of his employment by any
Insured;but this exclusion does not apply to watercraft while ashore on premises owned by, rented toor controlled by the Named Insured;(f) to bodily injury or property damage arising out of the discharge, dispersal, release or
escape of smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, liquids or gases, wastematerials or other irritants, contaminants or pollutants into or upon land, the atmosphere or
any water course or body of water; but this exclusion does not apply if such discharge,
dispersal, release or escape is sudden and accidental;(g) to bodily injury or property damage due to war, whether or not declared, civil war,
insurrection, rebellion or revolution or to any act or condition incident to any of theforegoing, with respect to(1) liability assumed by the Insured under an incidental contract, or(2) expenses for first aid under the Supplementary Payments provision;日本财产保险（中国）有限公司(h) to bodily injury or property damage for which the Insured or his indemnitee may be held
liable(1) as a person or organization engaged in the business of manufacturing, distributing,selling or serving alcoholic beverages, or(2) if not so engaged, as an owner or lessor of premises used for such purposes,
if such liability is imposed(i) by, or because of the violation of, any statute, ordinance or regulation pertaining to thesale, gift, distribution or use of any alcoholic beverages, or(ii) by reason of the selling, serving or giving of any alcoholic beverage to a minor or to aperson under the influence of alcohol or which causes or contributes to the intoxication of
any person;
but part (ii) of this exclusion does not apply with respect to liability of the Insured or his
indemnitee as an owner or lessor described in (2) above;(i) to any obligation for which the Insured or any carrier as his insurer may be held liable
under any workmen's compensation, unemployment compensation or disability benefits law,or under any similar law;(j) to bodily injury to any employee of the Insured arising out of and in the course of his
employment by the Insured or to any obligation of the Insured to indemnify another becauseof damages arising out of such injury; but this exclusion does not apply to liability assumed
by the Insured under an incidental contract;(k) to property damage to(1) property owned or occupied by or rented to the Insured,(2) property used by the Insured, or(3) property in the care, custody or control of the Insured or as to which the Insured is forany purpose exercising physical control;
but parts (2) and (3) of this exclusion do not apply with respect to liability under a written
sidetrack agreement and part (3) of this exclusion does not apply with respect to property
damage (other than to elevators) arising out of the use of an elevator at premises owned by,rented to or controlled by the Named Insured;(l) to property damage to premises alienated by the Named Insured arising out of suchpremises or any part thereof;日本财产保险（中国）有限公司(m) to loss of use of tangible property which has not been physically injured or destroyed
resulting from
(1) a delay in or lack of performance by or on behalf of the Named Insured of any contract
or agreement, or(2) the failure of the Named Insured's products or work performed by or on behalf of theNamed Insured to meet the level of performance, quality, fitness or durability warranted or
represented by the Named Insured;
but this exclusion does not apply to loss of use of other tangible property resulting from thesudden and accidental physical injury to or destruction of the Named Insured's products orwork performed by or on behalf of the Named Insured after such products or work havebeen put to use by any person or organization other than an Insured;(n) to property damage to the Named Insured's products arising out of such products or any
part of such products;(o) to property damage to work performed by or on behalf of the Named Insured arising outof the work or any portion thereof, or out of materials, parts or equipment furnished inconnection therewith;(p) to damages claimed for the withdrawal, inspection, repair, replacement, or loss of the useof 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 arewithdrawn from the market or from use because of any known or suspected defect ordeficiency therein;(q) to property damage included within;(1) the explosion hazard in connection with operations identified in this policy by aclassification code number which includes the symbol“x”,(2) the collapse hazard in connection with operations identified in this policy by aclassification code number which includes the symbol“c”,(3) the underground property damage hazard in connection with operations identified in thispolicy by a classification code number which includes the symbol “u”.

Ⅱ. PERSONS INSURED
Each of the following is an Insured under this insurance to the extent set forth below:(a) if the Named Insured is designated in the declarations as an individual, the person sodesignated but only with respect to the conduct of a business of which he is the sole proprietor,日本财产保险（中国）有限公司
and the spouse of the Named Insured with respect to the conduct of such a business;(b) if the Named Insured is designated in the declarations as a partnership or joint venture, thepartnership or joint venture so designated and any partner or member thereof but only with respect
to his liability as such;(c) if the Named Insured is designated in the declarations as other than an individual, partnershipor joint venture, the organization so designated and any executive officer, director or stockholder
thereof while acting within the scope of his duties as such;(d) any person (other than an employee of the Named Insured) or organization while acting as realestate manager for the Named Insured; and(e) with respect to the operation, for the purpose of locomotion upon a public highway, of mobile
equipment registered under any motor vehicle registration law,(i) an employee of the Named Insured while operating any such equipment in the course of his
employment, and(ii) any other person while operating with the permission of the Named Insured any such
equipment registered in the name of the Named Insured and any person or organization legally
responsible for such operation, but only if there is no other valid and collectible insurance
available, either on a primary or excess basis, to such person or organization;
provided that no person or organization shall be an Insured under this paragraph (e) with respect
to:(1) bodily injury to any fellow employee of such person injured in the course of his employment,or(2) property damage to property owned by, rented to, in charge of or occupied by the Named
Insured or the employer of any person described in subparagraph (ii).
This insurance does not apply to bodily injury or property damage arising out of the conduct ofany partnership or joint venture of which the Insured is a partner or member and which is notdesignated in this policy as a Named Insured.

Ⅲ. LIMITS OF LIABILITY
Regardless of the number of (1) Insureds under this policy, (2) persons or organizations who
sustain bodily injury or property damage, or (3) claims made or suits brought on account of bodily
injury or property damage, the Company's liability is limited as follows:
Coverage A - The total liability of the Company for all damages, including damages for care and日本财产保险（中国）有限公司
loss of services, because of bodily injury sustained by one or more persons as the result of any one
occurrence shall not exceed the limit of bodily injury liability stated in the declarations asapplicable to “each occurrence”.
Subject to the above provision respecting “each occurrence”, the total liability of the Company
for all damages because of (1) all bodily injury included within the completed operations hazardand (2) all bodily injury included within the products hazard shall not exceed the limit of bodily
injury liability stated in the declarations as“aggregate”.
Coverage B - The total liability of the Company for all damages because of all property damage
sustained by one or more persons or organizations as the result of any one occurrence shall not
exceed the limit of property damage liability stated in the declarations as applicable to “eachoccurrence”.
Subject to the above provision respecting “each occurrence”, the total liability of the Company
for all damages because of all property damage to which this coverage applies and described inany of the numbered subparagraphs below shall not exceed the limit of property damage liability
stated in the declarations as “aggregate”:(1) all property damage arising out of premises or operations rated on a remuneration basis orcontractor's equipment rated on a receipts basis, including property damage for which liability is
assumed under any incidental contract relating to such premises or operations, but excluding
property damage included in subparagraph (2) below;(2) all property damage arising out of and occurring in the course of operations performed for the
Named Insured by independent contractors and general supervision thereof by the Named Insured,
including any such property damage for which liability is assumed under any incidental contract
relating to such operations, but this subparagraph (2) does not include property damage arising out
of maintenance or repairs at premises owned by or rented to the Named Insured or structural
alterations at such premises which do not involve changing the size of or moving buildings orother structures;(3) all property damage included within the products hazard and all property damage included
within the completed operations hazard.
Such aggregate limit shall apply separately to the property damage described in subparagraphs (1),(2) and (3) above, and under subparagraphs (1) and (2), separately with respect to each projectaway from premises owned by or rented to the Named Insured.
Coverages A and B - For the purpose of determining the limit of the Company's liability, all bodily
injury and property damage arising out of continuous or repeated exposure to substantially thesame general conditions shall be considered as arising out of one occurrence.

Ⅳ. POLICY TERRITORY日本财产保险（中国）有限公司

This insurance applies only to bodily injury or property damage which occurs within the policy
territory.

PRODUCTS AND COMPLETED OPERATIONS LIABILITY INSURANCE
COVERAGE PARTⅠ. COVERAGE A ――― BODILY INJURY LIABILITY
COVERAGE B ――― PROPERTY DAMAGE LIABILITYThe Company will pay on behalf of the Insured all sums which the Insured shall become legallyobligated to pay as damages because of
A. bodily injury or
B. property damage
To which this insurance applies, caused by an occurrence, if the bodily injury or property damage
is included within the completed operations hazard or the products hazard, and the Company shallhave the right and duty to defend any suit against the Insured seeking damages on account of such
bodily injury or property damage, even if any of the allegations of the suit are groundless, false or
fraudulent, and may make such investigation and settlement of any claim or suit as it deems
expedient, but the Company shall not be obligated to pay any claim or judgment or to defend any
suit after the applicable limit of the Company's liability has been exhausted by payment of
judgments or settlements.

Exclusions
This insurance does not apply:(a) to liability assumed by the Insured under any contract or agreement;
but this exclusion does not apply to a warranty of fitness or quality of the Named Insured's
products or a warranty that work performed by or on behalf of the Named Insured will bedone in a workmanlike manner;(b) to bodily injury or property damage for which the Insured may be held liable(1) as a person or organization engaged in the business of manufacturing, distributing,selling or serving alcoholic beverages, or(2) if not so engaged, as an owner or lessor of premises used for such purposes, if suchliability is imposed(i) by, or because of the violation of, any statute, ordinance or regulation pertaining to thesale, gift, distribution or use of any alcoholic beverage, or(ii)by reason of the selling, serving or giving of any alcoholic beverage to a minor or to aperson under the influence of alcohol or which causes or contributes to the intoxication of日本财产保险（中国）有限公司
any person;
but part (ii) of this exclusion does not apply with respect to liability of the Insured as anowner or lessor described in (2) above;(c) to any obligation for which the Insured or any carrier as his insurer may be held liable
under any workmen's compensation, unemployment compensation or disability benefits law,or under any similar law;(d) to bodily injury to any employee of the Insured arising out of and in the course of his
employment by the Insured or to any obligation of the Insured to indemnify another becauseof damages arising out of such injury;(e) to loss of use of tangible property which has not been physically injured or destroyed
resulting from
(1) a delay in or lack of performance by or on behalf of the Named Insured of any contract
or agreement, or(2) the failure of the Named Insured's products or work performed by or on behalf of theNamed Insured to meet the level of performance, quality, fitness or durability warranted or
represented by the Named Insured;
but this exclusion does not apply to loss of use of other tangible property resulting from thesudden and accidental physical injury to or destruction of the Named Insured's products orwork performed by or on behalf of the Named Insured after such products or work havebeen put to use by any person or organization other than an Insured;(f) to property damage to the Named Insured's products arising out of such products or any
part of such products;(g) to property damage to work performed by or on behalf of the Named Insured arising outof the work or any portion thereof, or out of materials, parts or equipment furnished inconnection therewith;(h) to damage claimed 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 arewithdrawn from the market or from use because of any known or suspected defect ordeficiency therein.
(i) to bodily injury or property damage arising out of the discharge, dispersal, release or
escape of smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, liquids or gases, wastematerials or other irritants, contaminants or pollutants into or upon land, the atmosphere or
any water course or body of water; but this exclusion does not apply if such discharge,日本财产保险（中国）有限公司
dispersal, release or escape is sudden and accidental.
Ⅱ. PERSONS INSURED
Each of the following is an Insured under this insurance to the extent set forth below:(a) if the Named Insured is designated in the declarations as an individual, the person sodesignated but only with respect to the conduct of a business of which he is the sole proprietor,
and the spouse of the Named Insured with respect to the conduct of such a business;(b) if the Named Insured is designated in the declarations as a partnership or joint venture, thepartnership or joint venture so designated and any partner or member thereof but only with respect
to his liability as such;(c) if the Named Insured is designated in the declarations as other than an individual, partnershipor joint venture, the organization so designated and any executive officer, director or stockholder
thereof while acting within the scope of his duties as such;(d) any person (other than an employee of the Named Insured) or organization while acting as realestate manager for the Named Insured.
This insurance does not apply to bodily injury or property damage arising out of the conduct ofany partnership or joint venture of which the Insured is a partner or member and which is notdesignated in this policy as a Named Insured.
Ⅲ. LIMITS OF LIABILITY
Regardless of the number of (1) Insureds under this policy, (2) persons or organizations who
sustain bodily injury or property damage, or (3) claims made or suits brought on account of bodily
injury or property damage, the Company's liability is limited as follows:
Coverage A - The total liability of the Company for all damages, including damages for care andloss of services, because of bodily injury sustained by one or more persons as the result of any one
occurrence shall not exceed the limit of bodily injury liability stated in the declarations asapplicable to “each occurrence”
Subject to the above provision respecting “each occurrence”, the total liability of the Company
for all damages because of all bodily injury to which this coverage applies shall not exceed thelimit of bodily injury liability stated in the declarations as “aggregate”.
Coverage B - The total liability of the Company for all damages because of all property damage
sustained by one or more persons or organizations as the result of any one occurrence shall not
exceed the limit of property damage liability stated in the declarations as applicable to “eachoccurrence”.

日本财产保险（中国）有限公司
Subject to the above provision respecting “each occurrence”, the total liability of the Company
for all damages because of all property damage to which this coverage applies shall not exceed thelimit of property damage liability stated in the declarations as “aggregate”.
Coverages A and B - For the purpose of determining the limit of the Company's liability, all bodily
injury and property damage arising out of continuous or repeated exposure to substantially thesame general conditions shall be considered as arising out of one occurrence.
Ⅳ. POLICY TERRITORY
This insurance applies only to bodily injury or property damage which occurs within the policy
territory.

SHORT RATE TABLE

Insurance

One

Two

Three

Four

Five

Six

Seven

Eight

Nine

Ten

ElevenTwelvePeriod

Month

Month

Month

Month

Month

Month

Month

Month

Month

Month

Month

Month

10

20

30

40

50

60

70

80

85

90

95

100

Percent
AnnualRate

Remark: The insurance period is calculated as a full month when it is less than a month