**POLICY:** 86-68-700  
**EFF DATE OF POL:** 12/31/70  
**EFF DATE OF END:** 8/23/71  
**AGENCY NO:** 50-515-000  
**ADD'L PREMIUM:** $150.  
**RETURN PREMIUM:** $  

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP.

This endorsement is issued by that company named below which is the insurer under the policy designated above issued to the Named Insured and forms a part of said policy as of the effective date hereof, at the hour stated in the policy Declarations.

IT IS AGREED THAT EXCLUSION D OF THE COMPREHENSIVE GENERAL LIABILITY COVERAGE PART (PERTAINING TO WATERCRAFT) IS DELETED AS REGARDS THE SAILING REGATTA TO BE HELD BY THE I B M CLUB AT JOHN H. KERR RESERVOIR ON EITHER SEPT. 11, 1971 OR SEPT. 25, 1972.

JOHNSON & HIGGINS  
DS/ 10/6/71

**ZURICH INSURANCE COMPANY**
**AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY**

Countersigned  
BY: [Signature]  
Form 110-G 50W 10-69  
100 CPM

Z 007122