# American Zurich Insurance Company

**Endorsement No. 4**

**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  
Mail Drop 230  
Armonk, NY 10504

**PAY ON BEHALF ENDORSEMENT**

It is hereby understood that Section I. Insuring Agreements is amended to read as follows:

"To pay on behalf of the insured" ... in lieu of "To indemnify the insured..."

**AUTHORIZED REPRESENTATIVE:** K. Gregnoli  
**DATE:** 9/2/97