# Zurich-American Insurance Companies

## Endorsement #3
**PG. 2**

**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:**

(C) ANY USE OF X-RAY APPARATUS FOR THERAPEUTIC TREATMENT.

(D) LIABILITY OF THE INSURED AS PROPRIETOR, SUPERINTENDENT OR EXECUTIVE OFFICER OF ANY HOSPITAL, SANITARIUM, CLINIC WITH BED AND BOARD FACILITIES OR BUSINESS ENTERPRISES.

(E) ANY OBLIGATION FOR WHICH THE INSURED OR ANY CARRIER AS HIS INSURER MAY BE HELD LIABLE UNDER ANY WORKMEN'S COMPENSATION, UNEMPLOYMENT COMPENSATION OR DISABILITY BENEFITS LAW OR UNDER SIMILAR LAW.

(F) THE OWNERSHIP, MAINTENANCE, USE, LOADING OR UNLOADING OF ANY MOTOR VEHICLE, TRAILER, SEMI-TRAILER, WATERCRAFT, OR AIRCRAFT.

THE EXCLUSIONS OF THE POLICY DO NOT APPLY TO THIS ENDORSEMENT.

**CONDITIONS**

1) SUCH INSURANCE AS IS AFFORDED BY THIS ENDORSEMENT SHALL BE EXCESS INSURANCE OVER ANY VALID AND COLLECTIBLE INSURANCE AVAILABLE TO THE INSURED.

2) LIMITS OF LIABILITY: THE LIMIT OF LIABILITY STATED BELOW AS APPLICABLE TO EACH PERSON IS THE LIMIT OF THE COMPANY'S LIABILITY HEREUNDER FOR ALL DAMAGES ON ACCOUNT OF INJURY SUSTAINED BY ONE PERSON, AND THE LIMIT OF LIABILITY STATED BELOW AS "AGGREGATE" IS, SUBJECT TO THE ABOVE PROVISION RESPECTING EACH PERSON, THE TOTAL LIMIT OF THE COMPANY'S LIABILITY HEREUNDER FOR ALL DAMAGES. THE FOREGOING LIMITS APPLY TO ALL DAMAGES COVERED BY THIS ENDORSEMENT; WHETHER OR NOT THE POLICY APPLIES TO SUCH DAMAGES IN THE ABSENCE THEREOF, AND THE LIMITS STATED IN THE DECLARATIONS DO NOT APPLY TO SUCH DAMAGES.

LIMITS OF LIABILITY:
- $1,000,000 EACH PERSON
- $1,000,000 AGGREGATE

Countersigned: [Authorized Representative]

U-CA-161-A (7-81 ed)
MM 009684