GU 269
(11-85)

Policy Change
Number 2

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
IL 12 01 11 85
POLICY CHANGES

| POLICY NO. | POLICY CHANGES EFFECTIVE | COMPANY |
|------------|--------------------------|---------|
| GFE 536 25 00 | 5-21-91 | GULF INSURANCE COMPANY |

| NAMED INSURED | AUTHORIZED REPRESENTATIVE | JOHNSON & HIGGINS |
| INTERNATIONAL BUSINESS MACHINES CORP. | | |

| COVERAGE PARTS AFFECTED | EXCESS LIABILITY |  |

| CHANGES |  |  |

IT IS AGREED THAT THE SCHEDULE OF UNDERLYING INSURANCE-CONTINUED IS AMENDED AS RESPECTS TO THE POLICY NUMBERS AS FOLLOWS:

NO. 2 COMPANY: ROYAL INS. CO. POLICY NO.: RHA003557
NO. 2 COMPANY: AETNA INS. CO. POLICY NO.: 01XN960SCA
NO. 4 COMPANY: ZURICH INS. CO. POLICY NO.: CEO 6463583-01

AS RESPECTS TO THE QUOTA SHARE ENDORSEMENT-CONTINUED, IT IS AMENDED TO READ AS FOLLOWS:
NO. 3 COMPANY: TRANSAMERICA INS. CO. POLICY NO.: XLX27100508

Authorized Representative Signature

2-24-92
Copyright, Insurance Services Office, Inc., 1983
Copyright, ISO Commercial Risk Services, Inc., 1983