**Endorsement**

**THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.**

| Policy No. | EFF. DATE OF POL. | EXP. DATE OF POL. | EFF. DATE OF END. | AGENCY NO. | ADD'L PREM. | RETURN PREM. |
|------------|------------------|------------------|------------------|------------|-------------|-------------|
| GLO6347605-01 | 5/21/92 | 5/21/95 | 5/21/92 | 50-515 |  |  |

**Named Insured:** INTERNATIONAL BUSINESS MACHINE CORP.

**Address (including ZIP Code):** ATTN., NEW YORK, 10504

**This endorsement modifies insurance provided by the following:**

**IT IS HEREBY AGREED THAT EMPLOYMENT-RELATED PRACTICES EXCLUSION ENDORSEMENT CC 21470989 IS HEREBY DELETED.**

**NATIONAL ACCOUNTS REGION**
**MANHATTAN 54**

**JOHNSON & HIGGINS**
**JL 09/03/92**

**Countersigned:**
**Authorized Representative**
**B. RANCH**
**Z 006794**