**ENDORSEMENT**

Effective Date: 5/21/76

In consideration of the premium charged, it is understood and agreed that the combined total limit of liability provided under this policy for Canadian Coverage and also provided under policy # XL 151 754 for United States coverage shall not exceed $5,000,000 limit in respect of each occurrence or $5,000,000 limit in the aggregate for each annual period where applicable.

Effective 5/21/76 12:01 AM Standard Time, this Endorsement No. 1 attached to and made a part of Policy No. XL 151 755 of MIDLAND INSURANCE COMPANY issued to IBM Co., Ltd. (Canada)

(The information above is required only when this endorsement is issued subsequent to preparation of the policy.)

Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, conditions, agreements or limitations of this policy other than as above stated.

6/2/76

By
Signature: Karl E. Overl, Secretary
George C. Dunn, Authorized Representative

James P. Craig, President

FORM UND. NO. 282 (13/76) 104
REPLACES UND. NO. 48
ORIGINAL