# NON-PREMIUM ENDORSEMENT

| Date Prepared | Endorsement No. |
| --- | --- |
| 06-03-93 ajm | 6 |

**Issued By**
- The Home Insurance Company
- City Insurance Company
- The Home Indemnity Company
- The Home Insurance Company of Indiana

**Policy Number:** HXLF 865311  
**Certificate Number:**  
**Named Insured:** International Business Machine Corp.

**Producer:** Johnson & Higgins  
**Producer No.:** OPC 50138-081

**Policy Period:**
- Inception (Month-Day-Year): 05-21-93
- Expiration (Month-Day-Year): 05-21-94
- Effective Date & Time of Endorsement: 05-21-93

It is agreed that this policy is hereby amended as indicated. All other terms and conditions of this policy remain unchanged.

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b) Where the underlying insurance does not provide that the limits of liability shall be reduced by expenses, including expenses incurred by or on behalf of the insured in the investigation, negotiation, settlement and defense of any claim, then the limits of liability of this policy shall not be reduced by such expenses, and the term "Ultimate Net Loss" shall mean:

The amount payable in the settlement of the liability of the Insured after making deductions for all recoveries and for other valid and collectible insurance, excepting however the policy(ies) of the Underlying Insurer.

Ultimate Net Loss shall exclude all interest accruing after entry of judgment, costs and expenses, except with the consent of the Company.

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Signature of Authorized Representative  
H22300 FH (W.S.) Rev. 11/81