# ENDORSEMENT

**Date Issued:** 07/31/95  
**Endorsement No.:** 3  
**Insured:** INTERNATIONAL BUSINESS MACHINES CORP., ETAL (AS PER FIRST UNDERLYING INSURANCE)  
**Name of Company:** FEDERAL INSURANCE COMPANY  
**Policy No.:** (96) 7908-98-97  
**Effective Date:** 05/21/95  
**Producer:** JOHNSON & HIGGINS  

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It is agreed that the premium charged is payable as follows:

- United States Fund: $10,509.00
- Canadian Fund: $429.00
- Total Premium: $10,938.00

Johnson & Higgins, Ltd.
Place Victoria, Suite 2300
Montreal, Quebec H4Z1E2

shall be deemed to be producer of record as regards Canadian exposure and premium.

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**CANADIAN ENDORSEMENT**

All Other Terms and Conditions Remain Unchanged.

**Date:** AUG 01 1995  
**Authorized Representative:** [Signature]

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**ENDORSEMENT**

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Form 99-02-02 (Rev. 8-71)