# Zurich-American Insurance Companies

## Endorsement
**#41 REVISED**

| Policy No. | Eff. Date of Pol. | Exp. Date of Pol. | Eff. Date of End | Agency No. | Add'l Premium | Return Premium |
|------------|-------------------|------------------|-----------------|------------|---------------|----------------|
| CGL3276678-02 | 5/21/84 | 5/21/89 | 5/21/86 | 50-515-810 | $ | $ |

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP.

**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:**

**MAXIMUM EXCESS LOSS PREMIUM ENDORSEMENT**

IT IS AGREED THAT THE MAXIMUM EXCESS LOSS PREMIUM, ESTIMATED AT $288,100 AT INCEPTION AND SUBJECT TO ADJUSTMENT AT AUDIT, IS DEVELOPED AT .0384 OF THE TOTAL STANDARD PREMIUM FOR ALL POLICIES SUBJECT TO THE RETROSPECTIVE RATING PLAN OUTLINED IN RETROSPECTIVE RATING AGREEMENT 66017/86 OR AT A RATE OF .0262 PER $1000 OF PAYROLL, WHICHEVER IS HIGHER. THE TOTAL STANDARD PREMIUM INCLUDED IN THE RETROSPECTIVE RATING PLAN AT THE INCEPTION OF COVERAGE IS ESTIMATED AT $7,500,000 AND IS DEVELOPED UNDER POLICIES CGL3278678-02, BAP3278679-02, MA3429706-01 AND GA3429543-01 THE TOTAL ESTIMATED PAYROLL AT INCEPTION IS $10,980,000

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Countersigned

Authorized Representative

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

MM 009741