# REVISED ENDORSEMENT #0002

**THIS ENDORSEMENT, EFFECTIVE 12:01 A.M. MAY 21, 1993**

**FORMS A PART OF POLICY NO. BE 308-61-20**

**ISSUED TO:** INTERNATIONAL BUSINESS MACHINES CORPORATION

**BY:** NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA

## TWO YEAR ENDORSEMENT

**IN CONSIDERATION OF THE PREMIUM PAID, IT IS UNDERSTOOD AND AGREED THAT THE PREMIUM ALLOCATION FOR THE UNITED STATES AND CANADA SHALL BE AS FOLLOWS:**

**FIRST ANNUAL PERIOD (5/21/93 - 5/21/94)**

| UNITED STATES: | $ 690,190 |
| CANADA: | $ 24,810 (IN U. S. DOLLARS) |

**IT IS FURTHER AGREED THAT:**

A) **THE PREMIUM FOR THE SECOND ANNUAL PERIOD (5/21/94 - 5/21/95) WILL BE DETERMINED AT THE FIRST ANNIVERSARY (5/21/94), BY MULTIPLYING WORLDWIDE SALES PER $1,000 (US) BY A RATE OF $.0119 SUBJECT TO A MINIMUM PREMIUM OF $675,000 AND A MAXIMUM PREMIUM OF $786,500 (FOR THE US AND CANADA COMBINED.)**

B) **THE FIRST ANNUAL PERIOD PREMIUM (NOT ADJUSTABLE) IS BASED UPON ESTIMATED WORLDWIDE SALES OF $60,000,000,000.**

C) **THE PREMIUM FOR THE SECOND ANNUAL PERIOD SHALL BE COMPUTED IN ACCORDANCE WITH THE GUIDELINES SPECIFIED IN PARAGRAPH A ABOVE AND THAT THE TERMS AND CONDITIONS OF THIS POLICY SHALL NOT BE CHANGED UNLESS:**

1. **THE NAMED INSURED ACQUIRES OR ESTABLISHES A BUSINESS WHOSE OPERATIONS ARE DIFFERENT FROM THE CORE BUSINESS(ES) OPERATIONS ON THE INCEPTION DATE OF THIS POLICY, AND/OR**
2. **THE COMPANY RECEIVES A NOTICE OF OCCURRENCE WHICH MAY SUBSEQUENTLY GIVES RISE TO A CLAIM FOR WHICH PAYMENT COULD BE REASONABLY EXPECTED TO EXCEED ANY SINGLE UNDERLYING OCCURRENCE LIMIT.**

**ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED.**

**AUTHORIZED REPRESENTATIVE**

**INSURED'S COPY**