| POLICY NO. | EFF DATE OF POL. | EFF DATE OF END | AGENCY NO. | ADDL PREMIUM | DEFRT. PREMIUM |
| --- | --- | --- | --- | --- | --- |
| 89-11-963 | 5-21-80 | 5-21-80 | 79-515 | $ | $ |

**Named Insured:** **INTERNATIONAL BUSINESS MACHINE CORP., ETAL**

This endorsement is issued by that company, named below, which is the insurer under the policy designated above, 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.

IT IS UNDERSTOOD AND AGREED THAT THE PARAGRAPH 2 POLICY PERIOD TERMINATION OF UNDERLYING INSURANCE OF PART I-INSURING AGREEMENTS IS AMENDED IN PART TO READ:

2. POLICY PERIOD: TERMINATION OF UNDERLYING INSURANCE.

"IF THE UNDERLYING POLICIES ARE CANCELLED AND NOT REPLACED BY LIKE COVERAGES THIS POLICY WILL ACT AS IF SUCH INSURANCE IS STILL IN EFFECT. THIS WILL NOT ACT TO INCREASE THE COMPANY'S OBLIGATION TO DEFEND OR INDEMNIFY THE INSURED."

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

**JOHNSON & HIGGINS**
**BV:TM 8-25-80**
**CASUALTY DEPT.**
- ZURICH INSURANCE COMPANY
- AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY

**Countersigned:** **Authorized Agent**