**Endorsement**

**ENDT. #46**

| Policy No. | Eff Date of Pol | Exp. Date of Pol | Eff. Date of End | Agency No. | Add'l Premium | Return Premium |
|------------|-----------------|------------------|------------------|------------|---------------|----------------|
| CGL32-79-678-03 | 5/21/84 | 5/21/89 | 5/21/87 | 50-515-810 | $ 6,400,000 | $ - |

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP., ETAL  
**Address (including Zip Code):** AMONK, 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 5/21/87 TO 5/21/88 THE PREMIUM IS $6,400,000 AND COMPUTED AS FOLLOWS:

| TOTAL PAYROLL | RATE PER $1,000 | TOTAL ANNUAL |
|---------------|----------------|--------------|
| $10,200,000,000 | ($).578431 | ($) 5,900,000 |

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

| DUE DATE | AMOUNT | MAX. EXCESS LOSS PREMIUM | TOTAL |
|----------|--------|-------------------------|-------|
| 5/21/87  | 59,381 | 41,674                   | 101,055 |
| 6/21/87  | 59,381 | 41,666                   | 101,047 |
| 7/21/87  | 59,381 | 41,666                   | 101,047 |
| 8/21/87  | 59,381 | 41,666                   | 101,047 |
| 9/21/87  | 59,381 | 41,666                   | 101,047 |
| 10/21/87 | 59,381 | 41,666                   | 101,047 |
| 11/21/87 | 59,381 | 41,666                   | 101,047 |
| 12/21/87 | 59,381 | 41,666                   | 101,047 |
| 1/21/88  | 59,381 | 41,666                   | 101,047 |
| 2/21/88  | 59,381 | 41,666                   | 101,047 |
| 3/21/88  | 59,381 | 41,666                   | 101,047 |
| 4/21/88  | 59,381 | 41,666                   | 101,047 |
| PAYABLE ON DEMAND 5,137,428 | - | 5,187,428 |
| TOTAL    | 5,900,000 | 500,000                | 6,400,000 |

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