# ENDORSEMENT

**Date Issued:** 07/31/95  
**Endorsement No.:** 2  
**Insured:** INTERNATIONAL BUSINESS MACHINES CORP., ETAL (AS PER FIRST UNDERLYING INSURANCE)  
**Policy No.:** (96) 7908-98-97  
**Name of Company:** FEDERAL INSURANCE COMPANY  
**Effective Date:** 05/21/95  
**Producer:** JOHNSON & HIGGINS  

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In consideration of the premium charged, it is hereby understood and agreed that Cancellation Provisions is amended in part as follows:

"Thirty Days" is amended to read "Sixty Days" except for non-payment of premium.

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**60 DAYS NOTICE OF CANCELLATION**

All Other Terms and Conditions Remain Unchanged.

**Date:** AUG 01 1995

**Authorized Representative:**