# FACULTATIVE ENDORSEMENT

## COLOGNE REINSURANCE COMPANY OF AMERICA
STAMFORD, CONNECTICUT 06902
- an affiliate of the world's oldest reinsurance company

**CERTIFICATE NO:** A-0000179  
**ENDORSEMENT NO:** 1

**INTERMEDIARY AND ADDRESS:**
NATIONAL FACULTATIVE SERVICES  
5 Marineview Plaza  
Hoboken, N.J. 07030  

**ATTENTION:** Mr. Leon F. Gonzalez

**NAME OF INSURED:** International Business Machine Corp.  
**991-03-10 U.S., CE 364-04-92 Canadian**

**CEDING COMPANY POLICY NO.:** May 21, 1980  
**FROM:** May 21, 1980  
**TO:** May 21, 1981  

**EFFECTIVE DATE OF ENDORSEMENT:** May 21, 1980  

**CEDING COMPANY POLICY PERIOD:** May 21, 1980  
**FROM:** May 21, 1980  
**TO:** May 21, 1981  

**REINSURERS CERTIFICATE PERIOD:** May 21, 1980  
**FROM:** May 21, 1980  
**TO:** May 21, 1981  

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It is hereby agreed and understood that Item 3 Company Retention is amended to read 30% of the limits as stated in Item 2.

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Nothing herein contained shall vary, alter or extend any agreement, provision, general condition or declaration of the certificate other than as stated above.

In Witness Whereof, COLOGNE REINSURANCE COMPANY OF AMERICA has caused this endorsement of reinsurance to be signed by its President and by its Vice President and Secretary at Stamford, Connecticut, but the same shall not be binding upon the Reinsurer unless countersigned by an authorized representative of the Reinsurer.

**Vice President and Secretary:**  
**President:**  

Countersigned at Stamford, Ct. this 31st day of October, 1980

COLOGNE REINSURANCE COMPANY OF AMERICA  
by:  
AUTHORIZED SIGNATURE:

CRA F2 01/80