**POLICY NO.** 88-26-230  
**EFF. DATE OF POL.** 1-1-76  
**EFF. DATE OF END** 1-1-79  
**AGENCY NO.** 50-515-810  
**ADD'L PREMIUM** $1,255,300  
**RETURN PREMIUM** $  

**Named Insured** INTERNATIONAL BUSINESS MACHINE CORP.

This endorsement is issued by that company named below which is the insurer under the policy designated above issued to the Named Insured and forms a part of said policy as of the effective date hereof, at the hour stated in the policy Declarations.

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**PREMIUM COMPUTATION ENDORSEMENT**

FOR THE PERIOD JAN. 1, 1979 TO JAN. 1, 1980 THE RATES AND ADVANCE PREMIUM APPLICABLE ARE AS SHOWN BELOW:

COMPREHENSIVE GENERAL LIABILITY AND COMPREHENSIVE AUTOMOBILE LIABILITY PREMIUM SHALL BE COMPUTED BY APPLYING TO EACH $1,000 OF WORKERS' COMPENSATION PAYROLL, THE COMPOSITE RATES AS FOLLOWS:

ESTIMATED ANNUAL PAYROLL $4,850,000,000

| COVERAGE | COMPOSITE RATES | ADVANCE PREMIUM |
| --- | --- | --- |
| (S) RETRO | (E) EXCESS | (S) $727,500 |
| COMP GEN-AUTO LIAB. | 150 | .080 | (S) 398,000 |
| AUTO NON-OWNERSHIP | FLAT | (S) 100,000 |
| CHARGE | (E) 40,000 | |

PREMIUMS ARE PAYABLE AS FOLLOWS:

| DATE | AMOUNT |
| --- | --- |
| 1-1-79 | $209,250 |
| 2-1-79 | 209,250 |
| 3-1-79 | 209,250 |
| 4-1-79 | 209,250 |
| 5-1-79 | 209,250 |
| 6-1-79 | 209,250 |

JOHNSON & HIGGINS  
DH: ST 3-15-79

ZURICH INSURANCE COMPANY  
AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY

Countersigned  
Victor Nigro  
Authorized agent