# ENDORSEMENT

**Date Issued:** 05/25/94  
**Endorsement No.:** 1  
**Insured:** INTERNATIONAL BUSINESS MACHINES CORP., ETAL  
**Policy No.:** (95) 7908-98-97  
**Name of Company:** FEDERAL INSURANCE COMPANY  
**Effective Date:** 05/21/94  
**Producer:** JOHNSON & HIGGINS  

## SCHEDULE OF UNDERLYING INSURANCE

B2) OTHER UNDERLYING INSURANCE  
Federal Ins. Co.  
Policy #7966-56-84  
$5,000,000 - Each Occurrence  
$5,000,000 - Aggregate  
05/21/94-95  

B3) OTHER UNDERLYING INSURANCE  
Royal  
Policy #TBA  
$5,000,000 - Each Occurrence  
$5,000,000 - Aggregate  
05/21/94-95  

B4) OTHER UNDERLYING INSURANCE  
Travelers  
Policy #TBA  
$5,000,000 - Each Occurrence  
$5,000,000 - Aggregate  
05/21/94-95  

C) OTHER UNDERLYING INSURANCE  
Twin City  
Policy #TBA  
$10,000,000 - Each Occurrence  
$10,000,000 - Aggregate  
05/21/94-95  

D1) OTHER UNDERLYING INSURANCE  
Federal Ins. Co.  
Policy #7908-98-98  
$15,000,000 - Each Occurrence  
$15,000,000 - Aggregate  
05/21/94-95  

D2) OTHER UNDERLYING INSURANCE  
Landmark  
Policy #TBA  
$10,000,000 - Each Occurrence  
$10,000,000 - Aggregate  
05/21/94-95  

D3) OTHER UNDERLYING INSURANCE  
Planet Ins. Co.  
Policy #TBA  
$10,000,000 - Each Occurrence  
$10,000,000 - Aggregate  
05/21/94-95  

D4) OTHER UNDERLYING INSURANCE  
Home Ins. Co.  
Policy #TBA  
$5,000,000 - Each Occurrence  
$5,000,000 - Aggregate  
05/21/94-95  

D5) OTHER UNDERLYING INSURANCE

ENDORSEMENT

Page 1 Continued  
Form 99-02-62 (Rev. 8-71)