# Transatlantic Reinsurance Company

**Effective Date:** 5/21/81  
**Endorsement No.:** 1  
**Assured:** INTERNATIONAL BUSINESS MACHINES CORP., ETAL  
**Certificate No.:** C81-36872  
**Ceding Company:** NATIONAL UNION FIRE INSURANCE COMPANY  
**Company Policy No.:** 9910600  

It is noted and agreed that this Certificate is hereby amended as indicated below. All other terms and conditions remain unchanged.

**ITEM 2 - COMPANY LIMITS AND APPLICATIONS:**

- **LAYER A:** $3,000,000 EACH OCCURRENCE AND IN THE AGGREGATE, WHERE APPLICABLE, EXCESS OF $2,000,000 EACH OCCURRENCE AND IN THE AGGREGATE, WHERE APPLICABLE, EXCESS OF PRIMARY, U.S. DOLLARS
- **LAYER B:** $5,000,000 P/O $21,000,000 EACH OCCURRENCE AND IN THE AGGREGATE, WHERE APPLICABLE, EXCESS OF $19,000,000 EACH OCCURRENCE AND IN THE AGGREGATE, WHERE APPLICABLE, EXCESS OF PRIMARY, U.S. DOLLARS
- **LAYER C:** $15,000,000 P/O $40,000,000 EACH OCCURRENCE AND IN THE AGGREGATE, WHERE APPLICABLE, EXCESS OF $40,000,000 EACH OCCURRENCE AND IN THE AGGREGATE, WHERE APPLICABLE, EXCESS OF PRIMARY, U.S. DOLLARS
- **LAYER D:** $2,000,000 P/O $45,000,000 EACH OCCURRENCE AND IN THE AGGREGATE, WHERE APPLICABLE, EXCESS OF $130,000,000 EACH OCCURRENCE AND IN THE AGGREGATE, WHERE APPLICABLE, EXCESS OF PRIMARY, U.S. DOLLARS

**Additional Premium Due:** $  
**Return Premium Due:** $  
**Future Installments Unchanged:**  
**Future Installments Revised:** *Due Date Present Installment Increase Decrease Revised Installment*  
*Date Prepared:* 7/23/81  
*M.F.*  
*Frank R. Adams (Authorized Signature)*