# ENDORSEMENT

**Date Issued:** 5/12/81  
**Endorsement No.:** 3  
**Insured:** International Business Machines Corporation, Policy No. (H2)7922-81-34  
**Name of Company:** Federal Insurance Company  
**Effective Date:** 5/21/81  
**Producer:** Johnson & Higgins  

It is agreed that the premium charged is payable as follows:

| United States Funds | $6,758. |
|---------------------|--------|
| Canadian Fund       | $242.  |
| **Total Premium**   | **$7,000.** |

Johnson & Higgins Willis Faber Ltd.  
Place Victoria, Suite 2300  
Montreal, Canada H421E2  

Shall be deemed to be producer of record as regards Canadian exposures and premium.

All Other Terms and Conditions Remain Unchanged