# ENDORSEMENT

**Endorsement No:** 5

**Issued at:** 12:01 A.M., March 16, 1973

**Policy No:** CE 269-13-29

**To:** International Business Machines Corp., Inc.

**By:** American Home Assurance Company

In consideration of the premium charged and subject to all the terms and conditions set forth herein, it is understood and agreed that Endorsement No. 5, Limit of Liability, is amended to read as follows:

$8,000,000 excess of the following listed policies (or any renewals or rewrites thereof)

1. As to the business of International Business Machines Corporation and as more fully described as Named Insured herein, but excepting

FOREIGN OPERATIONS OF IBM WORLD TRADE CORPORATION

UNITED STATES FIRE INSURANCE CO., DCL-54145,

LIMIT: $2,000,000, EXCESS OF PRIMARY

2. As to the foreign operations of IBM World Trade Corporation, notwithstanding anything contained in the contrary in Policy No. DCL-54145 issued by United States Fire Insurance Co., it is agreed that the insurance afforded shall follow the terms and conditions of said policy, DCL-54145; however, insurance afforded by this policy shall be excess of the following Schedule of Underlying Coverage:

| COVERAGE: | LIMIT: |
| --- | --- |
| ADVERTISERS' LIABILITY | $500,000 |
| COMBINED COMPREHENSIVE GENERAL & AUTOMOBILE LIABILITY - EXCESS OF | $250,000 |

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