# ENDORSEMENT

**Date Issued:** 05/25/94  
**Endorsement No.:** 3  
**Insured:** INTERNATIONAL BUSINESS MACHINES CORP., ETAL  
**Policy No.:** (95) 7908-98-98  
**Name of Company:** FEDERAL INSURANCE COMPANY  
**Effective Date:** 05/21/94  
**Producer:** JOHNSON & HIGGINS  

## SCHEDULE OF UNDERLYING INSURANCE

B2) OTHER UNDERLYING INSURANCE  
- Federal Ins. Co.  
  - Policy #: 7966-56-84  
  - $5,000,000 - Each Occurrence  
  - $5,000,000 - Aggregate  
  - Effective Date: 05/21/94-95  

B3) OTHER UNDERLYING INSURANCE  
- Royal  
  - Policy #: TBA  
  - $5,000,000 - Each Occurrence  
  - $5,000,000 - Aggregate  
  - Effective Date: 05/21/94-95  

B4) OTHER UNDERLYING INSURANCE  
- Travelers  
  - Policy #: TBA  
  - $5,000,000 - Each Occurrence  
  - $5,000,000 - Aggregate  
  - Effective Date: 05/21/94-95  

C) OTHER UNDERLYING INSURANCE  
- Twin City  
  - Policy #: TBA  
  - $10,000,000 - Each Occurrence  
  - $10,000,000 - Aggregate  
  - Effective Date: 05/21/94-95  

All Other Terms and Conditions Remain Unchanged.

**MAY 25 1994**  
**Date**

**Authorized Representative**

ENDORSEMENT  
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Form 99-02-02 (Rev. 6-71)