LEON BLACK AND DEBRA BLACK ETAL Travelers Property Casualty Company of America Policy Term: May 8, 2013 to May 8, 2014 Annual Premium: $50,000. 1. PROPERTY INSURED This policy insures antiques and objects of art of every nature and description owned by the Insured or owned by the members of the Insured's family (including Trusts) or in the custody or control of the Insured or for which the Insured has assumed liability prior to loss. 2. TERRITORIAL LIMITS The property insured is covered only while at the premises listed below: 760 Park Avenue New York, New York 10021 3. FOLLOWING WARRANTIES, TERMS AND CONDITIONS This insurance is subject to the same warranties, terms and conditions (except with regard to premium, amount and limits of liability and renewal agreement, if any, and except as otherwise provided for herein) as are contained in or may be added to the policy and/or policies of the primary and/or underlying insurers and any renewal thereof. It is a condition of this insurance that the policy and/or policies of the primary and/or underlying insurers be maintained in full effect during the currency of this insurance. 4. LIMITS OF LIABILITY The Company hereon shall be liable only after the primary and/or underlying insurer(s) has paid or has been liable to pay the full underlying limits (including any self-insured amount) of $ 300,000,000 of each loss and then only for an amount hereunder not exceeding the limits listed below: $ 100.000,000 excess of $ 300,000,000 (Total: $400,000,000) Only while at the premises: 760 Park Avenue, New York, NY 10021 F. I FA "(. Wells Fargo Insurance Services USA. Inc. EFTA00604545