| POLICY NO. | EFF. DATE OF POL. | EFF. DATE OF END. | AGENCY NO. | ADD'L PREMIUM | RETURN PREMIUM |
| --- | --- | --- | --- | --- | --- |
| 80-01-364 | 5-21-81 | 5-21-82 | 50-515 | $ | $ |

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

This endorsement is issued by that company named below which is the insurer under the policy designated above 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.

IT IS UNDERSTOOD AND AGREED THAT THE PARAGRAPH I EXCESS LIABILITY INDEMNITY OF PART I-INSURING AGREEMENTS IS AMENDED, ON PART TO READ:

1. EXCESS LIABILITY INDEMNITY

"The provision of the lead umbrella as designated in item 4 of the declarations are incorporated as a part of this policy except for any obligation to investigate and defend and pay for costs and expenses incident to the same, the amount of the limits of liability any other insurance" provision and any other provisions therein which are inconsistent with the provisions of this policy.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

CASUALTY DEPT.
JOHNSON & HIGGINS
GR:CV 12-2-81

ZURICH INSURANCE COMPANY
AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY

Countersigned: Mildred Francis
Authorized Agent
U-GU-118-G REV. 11-76