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DocuSign Envelope ID: B66ED176-593F-4958-AB56-22425F84AFF6 <br />Attachment Code: 0548270 Master 1D: 1120608, Certificate 1D: 597074 <br />Named Insured(s): Sally Beauty Holdings, Inc. <br />Sally Beauty Supply, LLC <br />Beauty Systems Group, LLC <br />Armstrong McCall, L.P. <br />Policy Period: 4/30/2021 — 4/30/2022 <br />6.13.04 — SUBROGATION <br />The Insured is required to cooperate in any subrogation proceedings. To the extent of the <br />Company's payment, the Insured's rights of recovery against any party are transferred to the <br />Company. <br />The Company acquires no rights of recovery that the Insured has expressly waived prior to a <br />loss, nor will such waiver affect the Insured's rights under this Policy. <br />Any recovery from subrogation proceedings, less costs incurred by the Company in such <br />proceedings, will be payable to the Insured in the proportion that the amount of any applicable <br />deductible and/or any provable uninsured loss, bears to the entire provable loss amount. <br />