# Zurich-American Insurance Companies

## Endorsement
**PAGE 4**

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 |
|------------|-------------------|-------------------|-------------------|------------|---------------|----------------|
| CGL 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:

ADVERTISERS' LIABILITY COVERAGE PART (CONT.)

### III. PERSONS INSURED
THE UNQUALIFIED WORD "INSURED" WHEREVER USED IN THIS COVERAGE PART INCLUDES NOT ONLY THE NAMED INSURED OR EMPLOYEE THEREOF, BUT ALSO ANY PARTNER, EXECUTIVE OFFICER OR DIRECTOR THEREOF, WHILE ACTING WITHIN THE SCOPE OF HIS DUTIES AS SUCH.

### IV. LIMITS OF LIABILITY
THE COMPANY'S LIABILITY FOR THE INDEMNITY PROVIDED IN PARAGRAPH 1, UNDER COVERAGES IS LIMITED TO THE AMOUNT AS EXPRESSED IN STATEMENT 2 OF THE SCHEDULE OF STATEMENTS, AND SUCH AMOUNT SHALL NOT BE CUMULATIVE FROM YEAR TO YEAR OR FROM PERIOD TO PERIOD. IN THE EVENT SUCH AMOUNT IS INCREASED DURING THE TERM OF THIS POLICY, SUCH INCREASED AMOUNT SHALL APPLY ONLY IN RESPECT OF ACTS OR EVENTS FIRST COMMITTED AFTER THE EFFECTIVE DATE OF SUCH INCREASE. THE INCLUSION HEREIN OF MORE THAN ONE INSURED SHALL NOT OPERATE TO INCREASE THE LIMIT OF THE COMPANY'S LIABILITY.

### V. ADDITIONAL DEFINITIONS
1. THE WORD "CONTRACT" WHEREVER USED IN THIS COVERAGE PART SHALL MEAN THE LIABILITY ASSUMED OR AGREED UPON BY THE INSURED WITH ANY PARTY, INCLUDING BUT NOT LIMITED TO ADVERTISING AGENCIES, BROADCASTING COMPANIES, PUBLISHERS AND OTHER MEDIA FOR ADVERTISING, TO HOLD SAID PARTIES HARMLESS FROM LOSS AND/OR EXPENSE RESULTING FROM CLAIMS FOR DAMAGES ON ACCOUNT OF VIOLATION, OR ALLEGED VIOLATION OF RIGHTS OF OTHERS, ARISING FROM THE BROADCASTING, OR TELECASTING, OR THE PUBLICATION FOR THE INSURED OF ANY ADVERTISING MATTER

Countersigned
Authorized Representative
U-CA-161-A (7-81 ed)

MM 009689