# Cancellation Endorsement

In consideration of the premium charged it is agreed that the following is added to this Policy, notwithstanding anything to the contrary in the Followed Policy, or any endorsements to the Followed Policy:

This Policy may be cancelled by the first Named Insured listed in Item 1. of the Declarations by mailing or delivering to the Insurer at the address set forth in Item 10. of the Declarations advance written notice of cancellation. This Policy may be cancelled by or on behalf of the Insurer by delivering to the first Named Insured or by mailing to the first Named Insured, by registered, certified, or other first class mail, at the first Named Insured's address set forth in the Declarations, written notice stating when thereafter, not less than fifteen (15) days in the event any premium is not paid when due, and not less than ninety (90) days in all other cases, cancellation shall be effective. Proof of mailing of such notice as aforesaid shall be sufficient proof of notice. It is agreed that the first Named Insured shall act on behalf of all Insureds with respect to giving and receiving notice of cancellation. The Policy Period terminates at the date and hour specified in such notice, or at the date and time of surrender.

If this Policy shall be cancelled by either the first Named Insured or the Insurer, the Insurer shall return the unearned pro-rata premium stated in Item 7. of the Declarations.

Nothing herein contained shall be held to vary, alter, waive, or extend any of the terms, conditions, exclusions or limitations of the Policy referenced below, except as expressly stated herein.

The effective date of this endorsement is May 21, 2012.
All other terms and conditions remain unchanged.
This endorsement is attached to and made a part of Policy No. IBM-1521/OCC01
of ACE Bermuda Insurance Ltd.

Issued to: International Business Machines Corporation
Date of Issue: May 9, 2012
By [Signature]
Authorised Representatives

End No. 11
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This document outlines the terms for canceling an insurance policy, specifying the conditions under which the policy can be terminated and the procedures for doing so. It also includes the effective date of the endorsement and the issuing party's details.