In consideration of the premium charged, it is understood and agreed that the combined total limit of liability provided under this policy for United States coverages and also provided under policy # XL 151 755 for Canadian 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 151 754 of MIDLAND INSURANCE COMPANY issued to International Business Machines Corp.

(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

Karl E. Djerf
Carl E. Djerf, Secretary

By Joyce C. Dunn
Authorized Representative

James P. Craig, President

ORIGINAL