# THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

## ENDORSEMENT #1

This endorsement, effective 12:01 A.M. 05/21/97 forms a part of Policy No. RMGL 143-85-52 issued to International Business Machines Corporation by NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA

## COMPOSITE RATING PLAN PREMIUM ENDORSEMENT

It is agreed that the premium for the policy to which this endorsement is attached shall be computed upon a composite basis in accordance with the Company’s rules, rates, rating plans, premium and minimum premiums and other terms of the policy.

When used as a premium basis:

### COMMERCIAL GENERAL LIABILITY INSURANCE

Rates and Premiums for the first $5,000,000

| Estimated Sales | Composite Rate Per 1000 of Sales | Total Estimated Annual Premium | Deposit Premium |
|-----------------|----------------------------------|--------------------------------|----------------|
| $24,218,640,500 | BI FLAT                          | PD INCL.                       | BI FLAT        | PD INCL.       | $68,764         | INCL.           |

TOTAL PREMIUM: $68,764

AUTHORIZED REPRESENTATIVE

Issue Date: 06/23/97