# ENDORSEMENT # 2
EFFECTIVE: 5/21/81

| INSURANCE COMPANY OF NORTH AMERICA | $5,000,000 PART OF $50,000,000 EXCESS OF $80,000,000 |
|-----------------------------------|-------------------------------------------------------|
| NORTH RIVER INSURANCE COMPANY      | $10,000,000 PART OF $50,000,000 EXCESS OF $80,000,000 |
| TRANSIT CASUALTY COMPANY           | $10,000,000 PART OF $50,000,000 EXCESS OF $80,000,000 |
| FIRST STATE INSURANCE COMPANY      | $2,000,000 PART OF $50,000,000 EXCESS OF $80,000,000 |

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ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

THIS ENDORSEMENT IS ATTACHED TO AND MADE A PART OF POLICY NO. M976162 OF THE MISSION INSURANCE COMPANY ISSUED TO: INTERNATIONAL BUSINESS MACHINES CORP., ETAL. (SEE END'T #1) DATED AT: NEW YORK, NEW YORK DATE: MAY 21ST, 1981

SAYRE & TOSO, INC.
BY: