**Policy Number:** KA 0000561  
**Effective Date:** 5/21/97  

**Named Insured and Address:** INTERNATIONAL BUSINESS MACHINES CORP  
OLD ORCHARD PARK  
ARMONK, NEW YORK 10504  

**Endt. No.:** 13  

**THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY**

This endorsement modifies insurance provided under the following:  
Excess Liability  

It is agreed that the Extension Schedule of Underlying Insurance is amended to read as follows:

$25,000,000 Excess of Primary (AIU)  
$20,000,000 part of $25,000,000 excess of $25,000,000 (Federal)  
$5,000,000 part of $25,000,000 excess of $25,000,000 (Royal)

**NOTICE**

*These policy forms and the applicable laws are exempt from all prior requirements of the New York State Insurance Department. However, when binding and states must meet the minimum standards of the New York Insurance Law and Regulations.*

This endorsement does not change the policy except as shown.  
9/2/97-f1  

Form L-5040-0 (Ed. 4-86) Printed In U.S.A. (NS)