# ENDORSEMENT # 2

It is hereby understood and agreed that paragraph # 11 of the conditions herein is amended to read as follows:

11. In the event of cancellation of the immediately preceding underlying insurance, this policy shall remain in full force and continue as though the immediately preceding underlying insurance was still in effect for its full limits, terms and conditions.

ALL OTHER TERMS AND CONDITIONS REMAINING UNCHANGED.

Attached to and forming part of policy number MMO - 73383 of the Employers Mutual Casualty Company issued to International Business Machines Corp., May 20, 1983 Date Mutual Marine Office, Inc.