# Zurich-American Insurance Companies

## Endorsement

**ENDT. #34**

| Policy No | Eff. Date of Pol. | Exp. Date of Pol. | Eff. Date of End. | Agency No. | Add'l Premium $ | Return Premium $ |
|-----------|-------------------|-------------------|-------------------|------------|-----------------|------------------|
| CGL 3278678-01 | | | | | | |

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP. ETAL

**Address (including Zip Code):**

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:

IT IS AGREED THAT THE PREMIUM FOR THE POLICY PERIOD 5/21/85 TO 5/21/86 SHALL BE AMOUNTED AS FOLLOWS:

| ESTIMATED PAYROLL | RATES PER $1000 OF PAYROLL | PREMIUM |
|-------------------|----------------------------|---------|
| 9,900,000,000     | $.3387                     | $3,353,565 |

JOHNSON & HIGGINS

Countersigned: **Authorized Representative**