**ENDORSEMENT #2**

*Additional Premium: _______
Return Premium: _______

Effective on and after: May 21, 1970 12:01 A.M., Standard Time

This endorsement forms part of policy No.: X6 2104
Expiration Date: May 21, 1973

Issued to: International Business Machine Corp.

By: United States Fire Insurance Company

It is agreed that Item #2 of the declarations is as follows:

**Item #2 Underlying Insurance:**

a) $90,700,000 Umbrella personal injury property damage and advertisers liability, which in turn is excess of - 

b) The amount recoverable under underlying insurance as set out in a schedule attached to Continental Casualty Umbrella Excess Third Party Liability Policy or any renewal or replacement thereof or $25,000. "Ultimate Net Loss", as more fully defined in Continental Casualty policy, in respect of each occurrence not covered by said underlying insurance.

All other terms and conditions of this policy remain unchanged.