# Zurich-American Insurance Companies

## Endorsement

**ENDT. #33**

| Policy No. | Eff. Date of Pol. | Exp. Date of Pol. | Eff. Date of End. | Agency No. | Add'l Premium | Return Premium |
|------------|-------------------|------------------|------------------|------------|---------------|----------------|
| CGL 3278678-01 | 5/21/84 | 5/21/89 | 5/21/85 | 50-515-810 | $3,353,565 | $ |

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP. ETAL  
**Address (including Zip Code):** ARMONK, NEW YORK 10504

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This endorsement is issued by the company designated in the Declarations which is the insurer under the above numbered policy issued to the Named Insured and forms a part of said policy as of the effective date hereof, at the hour stated in the policy Declarations.

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

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**IT IS AGREED THAT THE PREMIUM FOR THE PERIOD MAY 21, 1985 TO MAY 21, 1986 IS $3,353,565 AND $S PAYABLE AS FOLLOWS:**

| DATE DUE | AMOUNT |
|----------|--------|
| 5/21/85  | 32,495 |
| 6/21/85  | 32,494 |
| 7/21/85  | 32,494 |
| 8/21/85  | 32,494 |
| 9/21/85  | 32,494 |
| 10/21/85 | 32,494 |
| 11/21/85 | 32,494 |
| 12/21/85 | 32,494 |
| 1/21/86  | 32,494 |
| 2/21/86  | 32,494 |
| 3/21/86  | 32,494 |
| 4/21/86  | 32,494 |
| **PAYABLE ON DEMAND** | **389,929** |
| **TOTAL** | **$2,963,636** |

**JOHNSON & HIGGINS**

Countersigned:  
Authorized Representative

U-GL-113-A (7-81 ed.)

MM 009724