# Endorsement

**Issued by:**

**American Reinsurance Company**

**1 Liberty Plaza, 41 Liberty Street**
**New York, NY 10006**

**To: Richard Michel**

**International Business Machines**

**Endorsement Number:** M-1435975
**Date of Endorsement:** 5/21/78
**From:** 5/21/78 to 5/21/79
**Reinsurance Certificate Period:** NIL
**Total Additional or Return Premium:** NIL

**Additional or Return Premium (–):** NIL
**Change in Future Installments Increase or Decrease (–):** X
**Amended Future Installment:** NIL

**Date of Next Installment:** [Not specified]

It is understood and agreed that Endorsement Number 2 of this Certificate is void and replaced by the following:

**Data Processor's Errors and Omissions Exclusion**

It is understood and agreed that this Certificate shall not apply to any liability from negligent acts, errors or omissions, actual or alleged in the rendering of, or failure to render, professional services as respects Data Processing.

**American Reinsurance Company**

**Date:** 6/12/78
**Authorized Representative:** [Signature]