# CANCELLATION FOR NON-PAYMENT OF PREMIUM

It is agreed that irrespective of any other terms or conditions contained in this policy or endorsements attached thereto, this policy may be cancelled by the company, or by Baccala & Shoop Insurance Services, 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.

All other terms and conditions remain unchanged.

The effective date of this endorsement is: MAY 21, 1981

This endorsement is attached to and made a part of Policy No. OZX 11660

Issued To: INTERNATIONAL BUSINESS MACHINES INC., ETAL.

Broker/Agent: JOHNSON & HIGGINS

Address: 95 WALL STREET NEW YORK, NEW YORK 10005

Date of Issue: MAY 13, 1981

END. No: 2

BY
Baccala & Shoop Insurance Services