# Endorsement Issued by American Re-Insurance Company

## Johnson & Higgins Co., of N.Y.

**Address:** 95 Wall Street, New York, New York 10005

**Endorsee:** Mr. Richard Michel

**Insured:** International Business Machines Et al (M-1665042)

**Certificate Number:** 5 21 77 2
**Effective Date of Endorsement:** 5 21 77
**From:** 5 21 77
**To:** 5 21 78
**Total Return:** NIL

**Additional or Return Premium:** NIL
**Change in Future Installments Increase or Decrease:** NIL
**Amended Future Installment:** NIL

**Date of Next Installment:** [Not specified]

## Aircraft Products Exclusion

It is agreed that this policy shall not apply to any liability arising out of aircraft products or reliance upon any representation or warranty made with respect thereto, or to any liability arising out of the grounding of any aircraft.

"Aircraft Products" means aircraft (including missiles or spacecraft) and any other goods or products manufactured, sold, handled or distributed or services provided or recommended by the insured or by others trading under his name for use in the manufacture, repair, operation, maintenance or use of any aircraft.

"Grounding" shall mean the withdrawal of one or more aircraft from flight operations or the imposition of speed, passenger or load restrictions on such aircraft, by reason of the existence of or alleged or suspected existence of any defect, fault or condition in such aircraft or any part thereof sold, handled or distributed by the insured or manufactured, assembled or processed by any other person or organization according to specifications, plans, suggestions orders or drawings of the insured or with tools machinery or other equipment furnished to such persons or organizations by the insured, whether such aircraft so withdrawn are owned or operated by the same or different persons or organizations.