**THE ST. PAUL COMPANY**

**ENDORSEMENT**

Page 2 of 2

The following spaces preceded by an asterisk (*) need not be completed if this endorsement and the policy have same inception date.

- ATTACHED TO AND FORMING PART OF POLICY NO.
- EFFECTIVE DATE OF ENDORSEMENT
- ISSUED TO

590XA2453

**Quota Share Layer - $20,000,000 x $80,000,000**

| Employers Mutual | $ 5,000,000 |
|------------------|-------------|
| U.S. Fire        | 5,000,000   |
| I.N.A.           | 5,000,000   |
| Zurich           | 3,000,000   |
| Employers Commercial | 2,000,000 |

**Quota Share Layer - $50,000,000 x $100,000,000**

| U.S. Fire        | $ 20,000,000 |
|------------------|--------------|
| Employers Comm. Union | 8,000,000    |
| St. Paul         | 5,000,000    |
| Lumbermen's Mutual | 5,000,000    |
| Midland          | 5,000,000    |
| Northwestern Nat'l | 5,000,000    |
| I.N.A.           | 1,000,000    |
| P&C              | 1,000,000    |

Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, conditions, provisions, agreements or limitations of the above mentioned Policy, other than as above stated.

*Agency Name and Address*

In Witness Whereof, the Company has caused this endorsement to be signed by its President and countersigned by a duly authorized representative of the Company.

J.W. BOYLSTON JR.
RESIDENT SECRETARY
President
By
Authorized Representative