**Johnson & Higgins**

Broad Street
New York, New York 10044
212-574-7000

Cable Address: "KERODEN"
Telex No. 6720134 JANHNY UW

**Endorsements**
- **TOVARY DATE:** N
- **SER UNIT:** N
- **IN BILLING:** N

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**To:** International Business Machines Corporation
208 Harbor Plaza
P.O. Box 10501
Stamford, Connecticut 06901-2501
2414

**Attention:** Patrick J. Noone
Insurance Department

The following changes in the policies listed below are hereby bound.

**Effective:** May 21, 1988

The premium under Zurich Insurance Co. Comprehensive General Liability Policy #CGL3278678 for the period 5/21/83 to 5/21/89 is $5,900,000.

See Page 2.

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**Named Insured:** International Business Machines Corp., Et Al

**Policy Numbers:** CGL3278678 - 04
5/21/84-89

**Underwriters:** Zurich Ins. Co., 44 Wall St., 15th Fl. - Owkie Kwik

**Accepted by:** Charlie Burke
Date: 5/26/88
Hour: A.M.
P.M.

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kdm
Page 1 of 2 pages
Richard T. Michel

MM 009653