This Endorsement Changes The Policy. Please Read It Carefully.

**Royal Insurance**

It is hereby agreed that the policy premium is amended to read as follows:

$36,125.00 in lieu of $42,500.00

All other terms, conditions and warranties remaining unchanged.

Attached to and forming part of the Policy No. RHA009199

Issued to INTERNATIONAL BUSINESS MACHINES (IBM) (SEE ENDORSEMENT NO. 1)

If this endorsement is listed in the policy declarations, it 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: 5/21/95 Endorsement No. 008 Page:1 of 1

Countersigned By:

Authorized Representative 4/10/96