# ENDORSEMENT #3

**Additional Premium:** _______
**Return Premium:** _______

**Effective on and after:** May 21, 1970, 12:01 A.M., Standard Time
**Expiration Date:** May 21, 1973

This endorsement forms part of policy No.: XS P194

**Issued to:** International Business Machine Corp.

**By:** United States Fire Insurance Company

It is further agreed that in the event of reduction or exhaustion of the aggregate limit or limits designated in the underlying policy or policies solely by payment of losses in respect to accidents or occurrences during the period of such underlying policy or policies, it is hereby understood and agreed that such insurance as is afforded by this policy shall apply in excess of the reduced underlying limit or, if such limit is exhausted, shall apply as underlying insurance, notwithstanding anything to the contrary in the terms and conditions of this policy.

All other terms and conditions of this policy remain unchanged.