# NON-PREMIUM ENDORSEMENT

| Date Prepared | Endorsement No. |
|---------------|-----------------|
| 6-22-95 IVI    | 2               |

**Issued By**
- Zurich Insurance Company
- Zurich American Insurance Company of Illinois

**Policy Number:** HXLU 037071  
**Certificate Number:**  
**Named Insured:** International Business Machine Corp.

**Producer:** Johnson & Higgins  
**Producer No.:** OPC  
**Producer No.:** 50138-081  

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

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

## ABSOLUTE ASBESTOS EXCLUSION

This policy shall not apply to Ultimate Net Loss arising out of or in connection with:
1. asbestos or asbestos-related material(s), regardless of whether used, manufactured, sold, handled, maintained, repaired, removed, disposed of, transported, distributed, installed by, or in any way connected with the Insured; or
2. the existence of asbestos in any goods, products, materials, storage devices, containers, wrappings, packaging, warehouses, buildings, or other structures of any kind, or any part thereof; or
3. any goods or products which are damaged, contaminated or otherwise affected by asbestos or any asbestos-related material(s); or
4. asbestos abatement activities, including clean-up, repair, or any other corrective measures which are occasioned by the existence of asbestos in any land, soil, water or watercourses, the atmosphere and/or building(s), whether voluntarily undertaken or required by any governmental body or other entity to eliminate asbestos.

All other terms and conditions remain unchanged.