# Starr Excess Liability Insurance International Limited

**Endorsement No:** 3 [FFOC]

**This endorsement, effective:** May 21, 1998 (at 12:01 A.M. prevailing time at the address of the Named Insured as shown in item 1(b) of the Declarations)

**forms a part of Policy No:** 400000

**Issued to:** International Business Machines Corporation

**by:** Starr Excess Liability Insurance International Limited

## CANCELLATION ENDORSEMENT

In consideration of the premium charged, it is agreed that the following is added to this Policy, notwithstanding anything to the contrary in the Followed Policy:

### CANCELLATION CLAUSE

This Policy may be canceled by the first Named Insured listed in Item 1 of the Declarations by mailing or delivering to the Insurer or its authorized agent at the address set forth in Item 10 of the Declarations advance written notice of cancellation. This Policy may be canceled by or on behalf of the Insurer by delivering to the first Named Insured or by mailing to the first Named Insured, by registered, certified, or other first class mail, at the first Named Insured's address set forth in the Declarations, written notice stating when thereafter, not less than ten (10) days in the event any premium is not paid when due, and not less than ninety (90) days in all other cases, cancellation shall be effective. Proof of mailing of such notice as aforesaid shall be sufficient proof of notice. It is agreed that the first Named Insured shall act on behalf of all Insureds with respect to giving and receiving notice of cancellation. The Policy Period terminates at the date and hour specified in such notice, or at the date and time of surrender.

If this Policy shall be canceled by the first Named Insured, the Insurer shall return ninety percent (90%) of the unearned pro rata premium stated in Item 8. of the Declarations.

If this Policy shall be canceled by the Insurer, the Insurer shall return the unearned pro rata premium stated in Item 8. of the Declarations.

---

**Date of Issuance – January 7, 1999**

FFOC 402.01 IBM 3

1 of 2