# CANCELLATION FOR NON-PAYMENT OF PREMIUM

IT IS AGREED THAT, RESPECTIVE OF ANY OTHER TERMS OR CONDITIONS IN THIS POLICY OR ENDORSEMENTS ATTACHED THERETO, THIS POLICY MAY BE CANCELLED BY THE COMPANY, OR BY BACCALA & SHOOP, INC., IN THEIR BEHALF, FOR NON-PAYMENT OF ANY UNPAID PORTION OF THE PREMIUM BY DELIVERING TO THE INSURED OR BY SENDING TO THE INSURED, BY MAIL, REGISTERED OR UNREGISTERED, AT THE INSURED'S ADDRESS AS SHOWN HEREIN, NOT LESS THAN TEN DAYS WRITTEN NOTICE STATING WHEN THE CANCELLATION SHALL BE EFFECTIVE.

THE EFFECTIVE DATE OF THIS ENDORSEMENT IS May 21, 1978 AT New York, New York.
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
THIS ENDORSEMENT IS ATTACHED TO AND MADE A PART OF Policy Number ML 65 12 28
ISSUED TO: INTERNATIONAL BUSINESS MACHINES CORP., ETAL
BROKER/AGENT: Johnson & Higgins
ADDRESS: 99 Wall Street
New York, N.Y., 10005
DATE OF ISSUE 5/25/78 By er END. NO 3