**ZURICH-AMERICAN**

**Endorsement**

| Policy No. | Eff. Date of Pol | Exp. Date of Pol | Eff. Date of End | Agency No. | Add'l Premium | Return Premium |
|------------|------------------|------------------|------------------|------------|---------------|----------------|
| 32-72-573-04 | 5/21/84 | 5/21/89 | 5/21/83 | 50-515-810 | $6,150,100 | $ |

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP., STAL  
**Address (including Zip Code):** ARMONK, NEW YORK 10504

This endorsement is issued by the company designated in the Declarations which is the insurer under the above numbered policy issued to the Named Insured and forms a part of said policy as of the effective date hereof, at the hour stated in the policy Declarations.

**This endorsement changes such insurance as is afforded by provisions of the policy relating to the following:**

**COMPREHENSIVE GENERAL LIABILITY**

**IT IS AGREED THAT FOR THE PERIOD OF 5/21/88 TO 5/21/89, THE PREMIUM IS $6,150,100 AND COMPUTED AS FOLLOWS:**

| TOTAL PAYROLL | RATE PER $1,000 | TOTAL ANNUAL |
|---------------|----------------|--------------|
| $10,900,000,000 | ($).541284 | ($) 5,900,000 |
| CA. SURCHARGE | 100 | 100 |

**IT IS FURTHER AGREED THAT THE ABOVE PREMIUMS ARE PAYABLE AS FOLLOWS:**

| DUE DATE | AMOUNT ($) | CA. SURCHARGE ($) | MAX. EXCESS LOSS PREMIUM ($) | TOTAL ($) |
|----------|------------|--------------------|------------------------------|-----------|
| 5/21/88  | 60,897     | 100                | 20,833                        | 81,730    |
| 6/21/88  | 60,897     | 100                | 20,833                        | 81,730    |
| 7/21/88  | 60,897     | 100                | 20,833                        | 81,730    |
| 8/21/88  | 60,897     | 100                | 20,833                        | 81,730    |
| 9/21/88  | 60,897     | 100                | 20,833                        | 81,730    |
| 10/21/88 | 60,897     | 100                | 20,833                        | 81,730    |
| 11/21/88 | 60,897     | 100                | 20,833                        | 81,730    |
| 12/21/88 | 60,897     | 100                | 20,833                        | 81,730    |
| 1/21/89  | 60,897     | 100                | 20,833                        | 81,730    |
| 2/21/89  | 60,897     | 100                | 20,833                        | 81,730    |
| 3/21/89  | 60,897     | 100                | 20,833                        | 81,730    |
| 4/21/89  | 60,897     | 100                | 20,833                        | 81,730    |
| PAYABLE ON DEMAND | 5,169,236 | --- | 250,000 | 6,150,100 |

Countersigned:  
Authorized Representative  
U-GL-113-A (7-81 ed.)