# ENDORSEMENT 5

This endorsement, effective 12.01 A.M., May 21, 1977, forms a part of policy No. GC 550 18 52 issued to International Business Machines Corporation by Lexington Insurance Company.

In consideration of the premium charged it is agreed that coverage as is provided hereon shall not apply to any claim(s) arising out of the alleged error or omission on the part of any person or persons in their duties as directors or officers of the Insured.

All other conditions remain the same.

6/16/77 pmr

Authorized Representative