# Zurich-American Insurance Companies

## Endorsement #1
**PG. 6**

**This endorsement changes the policy. Please read it carefully.**

| Policy No. | Eff. Date of Pol. | Exp. Date of Pol. | Eff. Date of End | Agency No. | Add'l Premium | Return Premium |
|------------|-------------------|------------------|-----------------|------------|---------------|----------------|
| OGL 32 78 678 | 5/21/84 | 5/21/89 | 5/21/84 | 50-515-810 | $ | $ |

**This endorsement is issued by the company named in the Declarations. It changes the policy on the effective date listed above at the hour stated in the Declarations.**

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP.

**Address (including Zip Code):** ARMONK, N.Y. 10504

**This endorsement changes such insurance as is afforded by provisions of the policy relating to the following:**

### CANCELLATION

11. **IT IS AGREED THAT NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THE POLICY, IF THE COMPANY ELECTS TO CANCEL THIS POLICY, THE COMPANY WILL MAIL TO THE NAMED INSURED AT THE ADDRESS SHOWN IN THE POLICY, WRITTEN NOTICE STATING THAT NOT LESS THAN SIXTY (60) DAYS THEREAFTER, SUCH CANCELLATION SHALL BE EFFECTIVE.**

12. **SPORTS ACTIVITIES**

   **SUCH INSURANCE AS IS AFFORDED BY THE POLICY APPLIES WITHOUT ADDITIONAL PREMIUM CHARGE WITH RESPECT TO THE PARTICIPATION OF THE INSURED'S EMPLOYEES IN ATHLETIC ACTIVITIES, SPORTS OR SOCIAL EVENTS UNDER THE SPONSORSHIP SUPERVISION OR CONTROL OF THE INSURED UNDER THE INSURED'S NAME AND WITH THE INSURED'S CONSENT WHEREVER SUCH ACTIVITIES MAY TAKE PLACE.**

**Countersigned:**

**Authorized Representative**

**U-CA-161-A (7-81 ed)**

**MM 009681**