# Endorsement No. 9

**Policy Number:** HXLU 037071  
**Named Insured:** International Business Machine Corp.  
**Producer:** Johnson & Higgins  
**Producer No.:** 50138-081  

**Policy Period:**
- Inception (Month-Day-Year): 01-01-95  
- Expiration (Month-Day-Year): 05-21-95  
- Effective Date and Time: 01-01-95  

It is agreed that this policy is hereby amended as indicated. All other terms and conditions of this policy remain unchanged.

This Endorsement Changes The Policy. Please Read it Carefully.

This endorsement modifies insurance provided under the following:

## MAINTENANCE OF UNDERLYING INSURANCE ENDORSEMENT

In consideration of The Home Insurance Company's, or its subsidiary's or affiliate's (collectively, "The Home") cancellation, at the Named Insured's request, of Policy No. HXLC 113691 with a policy period of 05-21-94 to 01-01-95 (the "Prior Policy"), and Zurich Insurance Company's (U.S. Branch), or its subsidiary's or affiliate's (collectively, "Zurich") issuance, at the Named Insured's request, of Policy No. HXLU 037071 (the "Successor Policy") with a policy period of 01-01-95 to 05-21-95, the following is added to the provisions of the Prior and Successor Policies entitled "Maintenance of Underlying Insurance":

The Prior Policy and the Successor Policy provide uninterrupted insurance coverage, from the effective date of the Prior Policy to the expiration date of the Successor Policy. Any reduction of the aggregate limits of the Underlying Insurance that is recognized under the Prior Policy will apply to the Successor Policy, for the purpose of determining whether the underlying limits of liability have been exhausted.

All other terms and conditions of the policies remain unchanged.

**NAMED INSURED, ACCEPTED AND AGREED TO BY ITS AUTHORIZED OFFICER**