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**Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION  
**Policy No:** XLUMB-00704  
**Endorsement No:** 6  
**Effective Date:** MAY 21, 1993

**JOINT VENTURE ENDORSEMENT Cont'd.**

**(D) such cumulative liability of the Company shall be prorated among insureds in proportion to the amounts which otherwise would be payable to such insureds if there were no cumulative limit of liability established pursuant to Section C above."**

This Endorsement applies to all Occurrences with respect to which notice of Occurrence is given to the Company on or after the Effective Date shown above notwithstanding that the event or conditions commenced or the Personal Injury or Property Damage took place in whole or in part prior to the Effective Date.

**X.L. INSURANCE COMPANY, LTD.**

By: **LYLE MCCOY**

Title: **VICE PRESIDENT**

Date: **DECEMBER 17, 1996**

Ref: **XS4-049.01**

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