**Endorsement**

**Policy Symbol and Number:** GLX 120093

**Name of Company:** GLOBE INDEMNITY COMPANY

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP.

**Endorsement Date (Mo., Day, Yr.):** 5-21-67

**Additional Premium:** $0

**Return Premium:** $0

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**This endorsement is issued for attachment to and is hereby made a part of the policy designated above, and is effective as of the date indicated, and at the effective hour stated in the policy, standard time at the address of the named insured as stated in the policy.**

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**ENDORSEMENT #5**

**AMENDING PAGE 3 OF SECTION II UNDERLYING LIMITS**

**IN CONSIDERATION OF THE PREMIUM AT WHICH THIS POLICY IS WRITTEN, IT IS AGREED THAT PAGE 3 OF SECTION II UNDERLYING LIMITS IS AMENDED AS FOLLOWS:**

| LIMITS | COVERAGE | COMPANY |
|--------|----------|---------|
| **IN EXCESS OF:** | **$8,000,000** | **EXCESS UMBRELLA LIABILITY (EXCLUDING ERRORS AND OMISSIONS)** | **AMERICAN HOME ASSURANCE CO.** |
| **IN EXCESS OF:** | **$2,000,000** | **UMBRELLA LIABILITY (EXCLUDING ERRORS AND OMISSIONS)** | **CONTINENTAL CASUALTY CO.** |
| **A.O.O. IN RESPECT OF INTERNATIONAL BUSINESS MACHINES CORP.-INCLUDING I.B.M.WORLD TRADE CORP. IN RESPECT OF U.S.A. AND CANADA OPERATIONS; ALL PRODUCTS WORLDWIDE, AIRCRAFT & AIRPORT LIAB. (FRANCE)** | **POLICY # RDU 9433466 AND RENEWALS THEREOF** |

**IN EXCESS OF:**

**VARIOUS LIMITS ON VARIOUS UNDERLYING PRIMARY POLICIES, A LIST OF WHICH IS ON FILE WITH THE COMPANY**

**SECTION IIII TOTAL LIMITS**

**$85,200,000 (UMBRELLA LIABILITY) EACH OCCURRENCE COMBINED SINGLE LIMIT BODILY INJURY AND/OR PROPERTY DAMAGE**

**IN EXCESS OF:**

**VARIOUS LIMITS ON VARIOUS UNDERLYING PRIMARY POLICIES, A LIST OF WHICH IS ON FILE WITH THE COMPANY**

**ITEM 7: PAYMENT OF PREMIUM:** $4,847.90

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**This endorsement is subject to all terms, conditions and exclusions of the policy which are not inconsistent herewith.**

**Signature of Authorized Representative**