**THE ST. PAUL INSURANCE COMPANIES**

**ENDORSEMENT # 3**

The following spaces preceded by an asterisk (*) need not be completed if this endorsement and the policy have the same inception date.

**ATTACHED TO AND FORMING PART OF POLICY NO.:** 565XA5862

**EFFECTIVE DATE OF ENDORSEMENT:** 5/21/73

**ISSUED TO:** International Business Machines, Corp.

**PRIMARY INSURANCE:**

*Quota Sharing 7,500,000 Excess of 45,000,000 as follows:*

- 3,000,000 Employers Liability Assurance Corp.
- 1,000,000 Fidelity & Casualty Co.
- 1,000,000 St. Paul Fire & Marine Ins. Co.
- 2,500,000 Firemen's Fund Ins. Co.

*45,000,000 Excess of Primary as follows:*

- 5,000,000 Insurance Co. of North America
  - Excess of 40,000,000
- 5,000,000 Travelers Ind. Co.
  - Quota Share: Part of 10,000,000 Excess of 30,000,000
- 5,000,000 Northwestern National
  - Quota Share Part of 10,000,000 Excess of 30,000,000
- 5,000,000 Federal Ins. Co.
  - Quota Share Part of 10,000,000 Excess of 20,000,000
- 5,000,000 Home Ins. Co.
  - Quota Share Part of 10,000,000 Excess of 20,000,000
- 3,000,000 American Reinsurance
  - Excess of 17,000,000
- 5,000,000 General Reinsurance
  - Excess of 12,000,000
- 2,000,000 Continental Casualty
  - Excess of 10,000,000
- 8,000,000 American Home
  - Excess of 2,000,000 Primary as on file with company.

Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, conditions, provisions, agreements or limitations of the above mentioned Policy, other than as above stated.

**6/19/70 jh**
*Agency Name and Address*

In Witness Whereof, the Company has caused this endorsement to be signed by its President at St. Paul, Minnesota and countersigned by a duly authorized representative of the Company.

**EDWIN R. CARL B. DRAPER, JR.**
**SENIOR RESIDENT SECRETARY**
**President**

*BY:*
**R. Q. RIEGEL**
**Authorized Representative**

10703 BEM Ed. 12-60 Printed in U.S.A.