# CANCELLATION ENDORSEMENT

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

## CANCELLATION CLAUSE

This Policy may be cancelled by the first Named Insured listed in Item 1 of the Declarations by mailing or delivering to the Company or its authorized agent 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 Company 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. If the premium or proof of payment thereof is not received by the Company within five (5) days this Policy will be cancelled automatically retroactive to the commencement of the Policy Period. In all other cases, written notice stating when thereafter, not less than sixty (60) days 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 the first Named Insured, the Company shall return ninety percent (90%) of the unearned pro rata premium stated in Item 8. of the Declarations.

If this Policy shall be cancelled by the Company, the Company shall return the unearned pro rata premium stated in Item 8. of the Declarations.

Payment or tender of any unearned premium by the Company shall not be a condition precedent to the effectiveness of cancellation but such payment shall be made as soon as practicable.

All other terms and conditions of this Policy remain unchanged.

**Arch Reinsurance Ltd.**

By:  
Title: Senior Vice President  
Underwriting Manager  
Excess Casualty  

Date: September 6, 2007  
Ref: OCXS 4004 Ed. 4/1/02

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