# ENDORSEMENT

Effective from inception, it is understood and agreed that the declarations page of policy, Item #8, underlying insurance, is amended as follows:

## 8. UNDERLYING INSURANCE:

| LEAD COMPANY | LAYER | OCCURRENCE LIMIT | (WHERE APPLICABLE) ANNUAL AGGREGATE LIMIT |
|--------------|-------|------------------|----------------------------------------|
| Various      | $21,000,000. | $21,000,000. | $21,000,000. |
| Various      | $40,000,000. | $40,000,000. | $40,000,000. |
| Various      | $50,000,000. | $50,000,000. | $50,000,000. |

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Attached to and forming part of policy number MMO-70303 of the EMPLOYERS MUTUAL CASUALTY COMPANY issued to INTERNATIONAL BUSINESS MACHINES CORPORATION MUTUAL MARINE OFFICE, INC. Date: APRIL 19, 1979