**ENDORSEMENT**

It is hereby understood and agreed that Item 6 of the Declarations, Underlying Limits of Liability, is to read as follows:

(A) a. $19,000,000.
b. $19,000,000.

(A) c. $2,000,000. part of $21,000,000.
d. $2,000,000. part of $21,000,000.

(B) a. $80,000,000.
b. $80,000,000.

(B) c. $2,000,000. part of $50,000,000.
d. $2,000,000. part of $50,000,000.

This endorsement to take effect on the 21st day of May, 1981. All other items and conditions remain unchanged.

Attached to and forming part of Policy No. 791701 of FIRST STATE UNDERWRITERS AGENCY of NEW ENGLAND REINSURANCE CORPORATION.

Issued to: INTERNATIONAL BUSINESS MACHINES CORP., ETAL
7/21/81 bh

**Cameron & Colby Co.**
**Authorized**