# Royal Insurance

**This Endorsement Changes The Policy. Please Read It Carefully.**

In consideration of the premium charged, the Declarations Page, Item 5. is hereby amended as follows:

**Item 5. Underlying Policy and Limits:**

- **Policy Number:** BE309770
- **Limits:** $25,000,000 EXCESS OF UNDERLYING OR SELF INSURED RETENTION.
- **Company:** AIU Insurance Company

All other terms, conditions and warranties remaining unchanged.

Attached to and forming part of the Policy No. RHA009199

Issued to INTERNATIONAL BUSINESS MACHINES (IBM)

If this endorsement is listed in the policy declarations, it is in effect from the time coverage under this policy commences. Otherwise, the effective date of this endorsement is as shown below at the same time or hour of the day as the policy became effective.

- **Effective Date:** May 21, 1995
- **Endorsement No.:** 09

Countersigned By:
- **James A. DiFonzo**
- **Date:** April 16, 1996
- **Authorized Representative**