**CLASS CODE:** 5/52  
**SUBLINE:** 9

"In the event of reduction or exhaustion of the aggregate limit or limits designated in the underlying policy or policies solely by payment of losses in respect to occurrences during the period of such underlying policy or policies, it is understood and agreed that such insurance as is afforded by this policy shall apply in excess of the reduced underlying limit or, if such limit is exhausted, shall apply as underlying insurance. But nothing contained in this endorsement shall be construed to provide insurance for occurrences which do not take place during the period this policy is in effect.

Anything inconsistent with the terms of this endorsement in Insuring Agreement 2(b) or 2(c) or Condition #7 of the policy does not apply except that this endorsement shall not operate to increase the limit of liability shown in Item 3(b) of the Declarations."

This endorsement forms a part of and is for attachment to the following described policy issued by the CONTINENTAL NATIONAL AMERICAN GROUP company designated in the declarations, takes effect on the effective date of said policy, unless another effective date is shown below, at the hour stated in said policy and expires concurrently with said policy.

| Must Be Completed | Complete Only When This Endorsement Is Not Prepared with the Policy Or Is Not to be Effective with the Policy |
| --- | --- |
| ENDT. NO. | POLICY NO. |
| 12 | RD09433466 |
| ISSUED TO | EFFECTIVE DATE OF THIS ENDORSEMENT |
| International Business Machines Corp. | 11/1/64 |

CONTINENTAL NATIONAL AMERICAN GROUP  
CONTINENTAL CASUALTY COMPANY  
TRANSPORTATION INSURANCE COMPANY  
NATIONAL FIRE INSURANCE COMPANY OF HARTFORD  
TRANSCONTINENTAL INSURANCE COMPANY

Countersigned by:  
Licensed Resident Agent

Blank Endorsement  
3-33461-E