# American Zurich Insurance Company

**Endorsement No. 1**

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

| POLICY NO. | EFF. DATE OF POL. | EXP. DATE OF POL. | EFF. DATE OF END. | PRODUCER | ADDL PREMIUM | RETURN PREMIUM |
|------------|-------------------|-------------------|-------------------|-----------|--------------|-----------------|
| EUO 8481810-02 | 05/21/97 | 05/21/98 | 05/21/97 | 18-248 | N/A | N/A |

**Named Insured:** International Business Machines Corp.

**Address (including ZIP Code):** Old Orchard Road<br>Mail Drop 230<br>Armonk, NY 10504

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**LIMITS OF LIABILITY ENDORSEMENT**

It is hereby understood and agreed that Item 4 of the Declarations is amended to read as follows:

The limits of the company's liability are:
(A) Per Occurrence: $30,000,000
(B) Aggregate Limits-Separately as respects:
(i) Products Hazard and Completed Operations Hazard Combined: $30,000,000
(ii) All Other Coverages Combined: $30,000,000 (except Auto Liability which is not subject to any aggregate limit)

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**Countersigned:** K. Greapoli<br>Authorized Representative<br>Date: 9/2/97