EX-99.2 19 l02788aexv99w2.txt EX-99.2 EXHIBIT (99-2) Directors and Officers (First) Liability Binder of Insurance Fax Transmission BINDER [ACE BERMUDA LOGO] Corporate Officers & P.O. Box HM 1015 Directors Assurance Ltd. Hamilton HM DX ACE Global Headquarters Bermuda 17 Woodbourne Avenue ace bermuda Hamilton HM 08 441 295-5200 main Bermuda www.acelimited.com To: From: Jerry Rivers/Pat Dill Patrick Tannock --------------------------------- -------------------------------------- Company: Fax: H&H Park International 441-292-2514 --------------------------------- -------------------------------------- Department: Tel: 441-299-9239 --------------------------------- -------------------------------------- Fax: Date: 295 4622 July 1, 2003 Tel: E-mail: Re: Pages including cover: Procter & Gamble 1 CORPORATE OFFICERS AND DIRECTORS ASSURANCE LTD. (CODA) IS PLEASED TO CONFIRM PROVISIONALLY BINDING THE FOLLOWING: POLICY PERIOD: June 30th, 2003 to June 30th, 2004 LIMIT OF LIABILITY: $25 million Primary PREMIUM: $985,000 SPECIAL CONDITIONS: 1. Binding is subject to receipt of the appropriate premium on or before Friday, July 4th, 2003. In the event the premium is not received by this date, this binder is null and void ab initio. 2. The cover provided will be primary. 3. Cover will continue on policy form CODA Premier 01 ED 10/00. 4. Endorsements to be included in addition to as expiring: - Discovery clause amended to unilateral 12 months @ 150% of annual Premium. 5. Please note that for regulatory reasons all payments relating U.S. based insureds must be transacted through a resident Bermuda broker. Best Regards, /s/ PATRICK TANNOCK -------------------------------- Patrick Tannock