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Attachment Code: D548270 Certificate'ID : 597063 <br />Named Insured(s): Sally Beauty Holdings, Inc. <br />Sally Beauty Supply, LLC <br />Beauty Systems Group, LLC <br />Policy Period 4/30/2018 — 4/30/2019 <br />6.13.04 — SUBROGRATION <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 loss, <br />nor will such waiver affect the Insured's rights tinder 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 />114 <br />