# Zurich-American Insurance Group

## Endorsement #40

| Policy No. | Eff. Date of Pol. | Exp. Date of Pol. | Eff. Date of End | Agency No. | Add'l Premium | Return Premium |
|------------|-------------------|-------------------|------------------|------------|---------------|----------------|
| GL 32-78-678-02 | 5-21-84 | 5-21-89 | 5-21-86 | 50-513-810 | $5,712,115 | $ |

**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:**

**COMPREHENSIVE GENERAL LIABILITY**

IT IS AGREED THAT FOR THE PERIOD OF 5-21-86 TO 5-21-87 THE PREMIUM IS $5,712,115 AND COMPUTED AS FOLLOWS:

| TOTAL PAYROLL | RATE PER $1,000 | TOTAL ANNUAL |
|---------------|----------------|--------------|
| $10,980,000,000 | S. 493990 | S. 5,424,015 |

IT IS FURTHER AGREED THAT THE ABOVE PREMIUMS ARE PAYABLE AS FOLLOWS:

| DUE DATE | AMOUNT | MAX EXCESS LOSS PREMIUM | TOTAL |
|----------|--------|-------------------------|-------|
| 5-21-86  | 52,443 | 24,012                  | 76,455 |
| 6-21-86  | 52,445 | 24,008                  | 76,453 |
| 7-21-86  | 52,445 | 24,008                  | 76,453 |
| 8-21-86  | 52,445 | 24,008                  | 76,453 |
| 9-21-86  | 52,445 | 24,008                  | 76,453 |
| 10-21-86 | 52,445 | 24,008                  | 76,453 |
| 11-21-86 | 52,445 | 24,008                  | 76,453 |
| 12-21-86 | 52,445 | 24,008                  | 76,453 |
| 1-21-87  | 52,445 | 24,008                  | 76,453 |
| 2-21-87  | 52,445 | 24,008                  | 76,453 |
| 3-21-87  | 52,445 | 24,008                  | 76,453 |
| 4-21-87  | 52,445 | 24,008                  | 76,453 |
| PAYABLE ON DEMAND | 4,794,677 | 288,100 | 5,712,115 |

Countersigned:  
Authorized Representative  
U-GL-113-A (7-81 ed.)

MM 009739