**CHUBB**

**ENDORSEMENT**

Date Issued 06/10/93

Insured INTERNATIONAL BUSINESS MACHINES CORP. ETAL

Name of Company FEDERAL INSURANCE COMPANY

Producer JOHNSON & HIGGINS

Endorsement No. 1

Policy No. (94) 7908-98-98

Effective Date 05/21/93

It is agreed that the premium charged is payable as follows:

| United States Fund | $86,877 |
|---------------------|---------|
| Canadian Fund       | $3,123  |
| Total Premium       | $90,000 |

Johnson & Higgins, Ltd.
Place Victoria, Suite 2300
Montreal, Quebec H4Z1EZ

shall be deemed to be producer of record as regards Canadian exposures and premium.

**CANADIAN ENDORSEMENT**

All Other Terms and Conditions Remain Unchanged.

Date

Authorized Representative

**ENDORSEMENT**

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Form 99-02-02 (Rev. 8-71)