# ENDORSEMENT 87

This endorsement, effective 12:01 A.M., MAY 21, 1985, forms a part of policy No. 061 03 02 issued to INTERNATIONAL BUSINESS MACHINES CORP.

by NATIONAL UNION FIRE INSURANCE COMPANY

## ERISA EXCLUSION

IN CONSIDERATION OF THE PREMIUM CHARGED, IT IS AGREED THAT COVERAGE AFFORDED UNDER THIS POLICY SHALL NOT APPLY AS RESPECTS LIABILITY IMPOSED UPON AN INSURED (OR WHICH IS IMPUTED TO AN INSURED) UNDER THE "EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974" PUBLIC LAW 93-406 AND ANY LAW AMENDATORY THEREOF.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
DECEMBER 12, 1985: EZ
AUTHORIZED REPRESENTATIVE