Transatlantic Reinsurance Company

**Effective Date:** 5/21/81
**Endorsement No.:** 5
**Assured:** INTERNATIONAL BUSINESS MACHINES CORP., ETAL
**Certificate No.:** C81-36872
**Ceding Company:** NATIONAL UNION FIRE INSURANCE CO. OF PITTSBURGH, PA.
**Company Policy No.:** 991-0600

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

IT IS UNDERSTOOD AND AGREED THAT REGARDLESS OF THE NUMBER OF INSUREDS UNDER THIS CERTIFICATE AND CERTIFICATE NUMBER C81-36873, THE TOTAL LIMIT OF LIABILITY SHALL BE AS STATED ON THE DECLARATIONS OF THIS CERTIFICATE, AND THE TWO CERTIFICATES COMBINED SHALL NOT OPERATE TO INCREASE THE LIMIT OF LIABILITY.

- Additional Premium Due $ [ ]
- Return Premium Due $ [ ]
- Future Installments Unchanged [ ]
- Future Installments Revised* [ ]

*Due Date Present Installment Increase Decrease Revised Installment

Date prepared: 7/24/81
W.B.
Frank Robbins (Authorized Signature)