# CHUBB EXCESS LIABILITY INSURANCE - SL

## Endorsement

**Policy Period:** MAY 21, 2013 to MAY 21, 2014  
**Effective Date:** May 21, 2013  
**Policy Number:** 7966-56-84  
**Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION  
**Name of Company:** FEDERAL INSURANCE COMPANY  
**Date Issued:** May 22, 2013  

## Endorsement Cancellation

**THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT**

The following condition is added to this policy:

The first Named Insured may cancel this policy at any time by sending the Company a written request or by returning the policy stating the date of cancellation.

The Company may cancel this policy at any time by sending to the first Named Insured a notice of the number of days shown in the Schedule below in advance of the cancellation date. The Company's notice of cancellation will be mailed to the first Named Insured's last known address and indicate the date on which coverage is terminated.

If cancellation is at the request of the first Named Insured, return premium will be computed at ninety (90) percent of pro rata. If the Company cancels, return premium will be computed pro rata. If this policy insures more than one Named Insured, cancellation may be effected by the first of such Named Insureds for the account of all insureds. Notice of cancellation by the Company to such first Named Insured will be deemed notice to all insureds, and payment of any return premium to such first Named Insured will be for the account of all interests.

**Schedule**

20 days for non-payment of premium, but not less than twenty (20) days.  
60 days for reason other than non-payment of premium, but not less than sixty (60) days.

All other terms and conditions remain unchanged.

**Authorized Representative**

**Date:** May 22, 2013

**Cancellation**

Form 07-02-1351 (Ed. 12/97) Endorsement  
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