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Docusign Envelope ID:C101DF94-8EEA-4210-A163-1FB71C9DF46C <br /> CNA E PS+ <br /> tech + pro + media + security + privacy <br /> C. CANCELLATION <br /> 1. Insurer's Right to Cancel <br /> The Insurer shall not cancel this Policy except for non-payment of any premium when due. The Insurer shall <br /> provide to the Named Insured written notice of such cancellation stating when, not less than fifteen (15)days <br /> thereafter, such cancellation shall be effective, except that non-payment of premium due at inception of this <br /> Policy will result in the policy being cancelled effective as of the inception date. <br /> 2. Named Insured's Right to Cancel <br /> The Insureds grant the exclusive authority to cancel this Policy to the Named Insured. The Named Insured <br /> may cancel this Policy by providing the Insurer written notice stating when thereafter such cancellation shall <br /> be effective. The mailing or delivery of such notice shall be sufficient. The unearned premium shall be <br /> computed on a pro-rata basis. <br /> D. EXTENDED REPORTING PERIOD <br /> 1. Automatic Extended Reporting Period <br /> The Named Insured shall have the right to a period of sixty(60) days following the effective date of such <br /> cancellation or non-renewal, in which to give written notice to the Insurer of Claims first made against the <br /> Insured during said sixty(60) days period for any Wrongful Act committed prior to the end of the Policy <br /> Period and otherwise covered by this Policy. <br /> 2. Optional Extended Reporting Period <br /> If the Named Insured or Insurer cancels or non-renews this Policy, the Named Insured shall have the right <br /> to purchase, upon payment of an additional premium, an extension of this Policy, for any Claim first made or <br /> deemed to be first made during such period for Wrongful Acts committed before the earlier of the end of the <br /> Policy Period or the effective date of any Takeover. The additional premium shall be as set forth below. <br /> Policy Extension Additional Premium (as a % of the Total Premium Paid for this Policy) <br /> 1 Year 100% <br /> 2 Years 150% <br /> 3 Years 200% <br /> This period shall be referred to as the"Optional Extended Reporting Period". <br /> 3. Payment of Extended Reported Period Premium <br /> As a condition precedent to the right to purchase the Optional Extended Reporting Period, the total premium <br /> for this Policy must have been paid. The right to purchase such Optional Extended Reporting Period shall end <br /> unless the Insurer receives written notice of the Named Insured's election to purchase such Optional <br /> Extended Reporting Period and full payment of the premium for such period within sixty(60) days after the <br /> end of the Policy Period. <br /> 4. Non-Cancelable/Premium Fully Earned <br /> GSL2302XX (Ed 6/11) <br /> Page 22 <br /> Copyright©2011 CNA. All Rights Reserved. <br />