**Endorsement No:** 1

**Additional Premium:** $111

**Return Premium:** $111

**Name of Assured:** IBM CANADA, LTD.

**A)** IT IS HEREBY UNDERSTOOD AND AGREED THAT THIS POLICY IS WRITTEN FOR A THREE YEAR TERM AND IS SUBJECT TO ANNUAL PREMIUM NEGOTIATIONS AT EACH ANNIVERSARY DATE.

**B)** THE PREMIUM TO BE COLLECTED FOR THE TERM MAY 21, 1982 TO MAY 21, 1983 IS: $450.

Nothing herein contained shall be held to vary, alter, waive or change any of the terms, limits or conditions of the Policy, except as hereinabove set forth.

This endorsement is effective: MAY 21, 1982

Attached to and forming part of Policy No.: K75-1630 of the

**AMERICAN INTERNATIONAL INSURANCE COMPANY**

**AMERICAN INTERNATIONAL UNDERWRITERS**

FOR THE COMPANY

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