**CHUBB**

**ENDORSEMENT**

| Date Issued | cr - 06/17/85 | Endorsement No. | 5 |
|-------------|----------------|-----------------|---|
| Insured     | International Business Machines Corporation, etal | Policy No. | (86) 7922-81-34 |
| Name of Company | Federal Insurance Company | Effective Date | 5/21/85 |
| Producer    | Johnson & Higgins |

It is agreed that the premium charged is payable in U.S. dollars as follows:

- United States Allocation: $21,715.-
- Canadian Allocation: $785.-
- Total Premium: $22,500.-

Johnson & Higgins Willis Faber Ltd.
Place Victoria, Suite 2300
Montreal, Canada H42IE2

Shall be deemed to be producer of record as regards Canadian exposures and premium.

Location of Canadian exposure is
IBM Canada Ltd.
1150 Eglinton East
Don Mills, Ontario

0617.10

All Other Terms and Conditions Remain Unchanged

Form 99-02 02/5 Part (Rev.B 71) (Formerly 1382)
P.54827 (150M)

**Authorized Representative**