# ENDORSEMENT

**Date Issued:** May 25, 1977  
**Endorsement No.:** 1  
**Insured:** International Business Machines Corp.  
**Policy No.:** 7922-71-06  
**Name of Company:** Federal Insurance Company  
**Effective Date:** May 21, 1977  
**Producer:** Johnson & Higgins  

## PREMIUM PAYMENT

- U.S. Funds: $12,100.00  
- Canadian Funds: 400.00  

All Other Terms and Conditions Remain Unchanged  
Authorized Representative: H. J. Fleming  
Form 99-02-(2/8 Part (Rev.B-71) (Formerly 1382)  
M 3613 (50M)