This endorsement modifies such insurance as is afforded by the provisions of the policy relating to the following:

| POLICY NO. | EFFECTIVE DATE | AGENCY NO. | ADD'L PREMIUM | RETURN PREMIUM |
|------------|----------------|------------|---------------|----------------|
| CA 3570500 | 7/1/92         | 541-154     | $             | $              |

Named Insured: INTERNATIONAL BUSINESS ACTIVITIES CORP., ETAL

This endorsement is issued by that company named below which is the insurer under the policy designated above issued to the Named Insured and forms a part of said policy as of the effective date hereof, at the hour stated in the policy Declarations.

IT IS AGREED THAT WRITTEN NOTICE OF CANCELLATION, MATERIAL CHANGE OR A REDUCTION IN COVERAGE OF SAID POLICY SHALL BE DELIVERED TO THE CITY ATTORNEY, ROOM 2113, LOS ANGELES CITY HALL, LOS ANGELES, CALIFORNIA THIRTY (30) DAYS IN ADVANCE OF THE EFFECTIVE DATE THEREOF.

JOHNSON & HIGGINS
ED
7/17/92

ZURICH INSURANCE COMPANY
AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY

Countersigned
Duly authorized agent
Form 117 50M 3-67
(Zurich)
President (American Guarantees)
Secretary (American Guarantees)

Z 007013