# ENDORSEMENT

**Date Issued:** 06/21/96  
**Endorsement No.:** 3  
**Insured:** INTERNATIONAL BUSINESS MACHINES CORP., ETAL (AS PER FIRST UNDERLYING INSURANCE)  
**Name of Company:** FEDERAL INSURANCE COMPANY  
**Policy No.:** (97) 7908-98-97  
**Effective Date:** 05/21/96  
**Producer:** JOHNSON & HIGGINS  

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It is agreed that the premium charged is payable as follows:

- United States Fund: $9,608.00
- Canadian Fund: $392.00
- Total Premium: $10,000.00

Johnson & Higgins, Ltd.
Place Victoria, Suite 2300
Montreal, Quebec H4Z1E2

shall be deemed to be producer of record as regards Canadian exposure and premium.

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**CANADIAN ENDORSEMENT**

All Other Terms and Conditions Remain Unchanged.

**JUN 24 1996**

**Date:**  
**Authorized Representative:**  

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**ENDORSEMENT**

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Form 99-02-02 (Rev. 8-71)