The Travelers

Policy No. 7FSJEX-218T033-A-91

Issue Date: 07/10/91

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

This endorsement modifies such insurance as is afforded by the:

FOLLOWING FORM EXCESS LIABILITY POLICY

FLAT CHARGE ENDORSEMENT

Item 14. of the policy is deleted and replaced with the following:

14. Premium:

The premium stated in Item 3. of the Declarations as payable at inception is due and payable at the effective date of this policy. If this policy terminates prior to the expiration date shown in Item 2 of the Declarations, unearned paid premium shall be computed on a pro rata basis and promptly returned to the insured. However, if the insured cancels this policy, only 90% of the unearned paid premium shall be returned and The Travelers shall retain the balance as though it were earned premium. If the named insured cancels this policy or if this policy is cancelled for nonpayment, The Travelers shall receive and retain a minimum of:

A. The earned premium; or

B. 25% of the minimum premium shown in Item 3. of the Declarations; or

C. $5,000;

whichever is greater.