# ENDORSEMENT ENDORSEMENT #2

**Effective on and after:** MAY 21, 1973 12:01 AM Standard Time

**This endorsement forms part of policy No.:** XS 3404
**Expiration Date:** MAY 21, 1976

**Issued to:** INTERNATIONAL BUSINESS MACHINE CORPORATION
**By:** UNITED STATES FIRE INSURANCE Company

**IT IS AGREED THAT ITEM #2 OF THE DECLARATIONS IS AS FOLLOWS:**

**ITEM #2 UNDERLYING INSURANCE -**

A) $80,000,000. EACH OCCURRENCE AND IN THE AGGREGATE WHERE APPLICABLE UMBRELLA LIABILITY AND EXCESS LIABILITY IN VARIOUS COMPANIES, IN EXCESS OF:

B) THE AMOUNT RECOVERABLE UNDER UNDERLYING INSURANCE AS SET OUT IN A SCHEDULE ATTACHED TO U.S. FIRE INSURANCE CO. COMPREHENSIVE CATASTROPHE LIABILITY POLICY OR ANY REVISED OR REPLACEMENT THEREOF, OR $25,000. RETAINED LIMIT, AS DEFINED IN SAID POLICY.

All other terms and conditions of this policy remain unchanged.