# ENDORSEMENT # MN0001

This endorsement, effective 12:01 AM 05/21/94,

Forms a part of policy no.: 5044199

Issued to: INTERNATIONAL BUSINESS MACHINES CORP.

By: LEXINGTON INSURANCE COMPANY

## MINIMUM EARNED PREMIUM

It is understood and agreed that in the event of cancellation of this policy by or at the direction of the Insured, the Company shall retain a Minimum Earned Premium of $10,750.

It is further agreed that the provision regarding cancellation by the Insured is amended to read:

"If the Insured cancels this policy, earned premium will be computed in accordance with the customary short-rate table and procedure, or the Minimum Earned Premium stated herein, whichever is greater."

**05/24/94**

**LEXCME077(Ed.03/86)**

**LX0082**

**Authorized Representative**

**Donald Boudt**

**INSURED'S COPY**