LIMITS OF LIABILITY ENDORSEMENT

IT IS AGREED THAT THE LIMITS OF LIABILITY AS STATED IN THE POLICY ARE AS FOLLOWS:

LIMITS OF LIABILITY:
25% ($10,000,000 MAXIMUM) QUOTA SHARE OF
$40,000,000 ANNUAL AGGREGATE, WITH THE LABLE

This endorsement, issued by one of the below named companies, forms part of the policy which is dated effective on the date shown on the policy unless otherwise stated herein.

Endorsement effective 5/21/70
Policy No. 01 XN 2216-1002
Named Insured INTERNATIONAL BUSINESS MACHINES CORP.
Additional Premium $ Return Premiums:
In Advance $ 0
1st Anniv. $ 0
2nd Anniv. $ 0
PD

The Aetna Casualty and Surety Company
The Standard Fire Insurance Company
Hartford, Connecticut

Counter-signed by: G.J. McLees
Authorized Signer