**Effective 5/21/81**

(At the time stated above, this endorsement forms a part of Policy No. 462 01 86 23)

Issued to:
International Business Machines

By:
Centennial Insurance Company

(The information provided for above is required to be completed only when this endorsement is issued for attachment to the policy subsequent to its effective date.)

**Anniversary Premium Endorsement**

In consideration of an additional premium of $186,300, it is agreed that the premium for the annual period from 5/21/81 to 5/21/82 shall be as follows:

$186,300

GJQ:sh
4/29/81

All other terms and conditions of this insurance remain unchanged.

**John J. Wachowski**
President

**George Quinn**
Authorized Representative