**Document Title:**

5/21/82

**Document Type:**

INTERNATIONAL BUSINESS MACHINES CORPORATION, ET AL.

**Document Content:**

The information provided for above is required to be completed on or when the endorsement is issued for the benefit of the policyholder as of the effective date.

**IBM:**

IT IS HEREBY UNDERSTOOD AND AGREED THAT THE PREMIUM SHOWN UNDER ITEM 4 IS A THREE YEAR PREMIUM AND IS SUBJECT TO ANNUAL NEGOTIATION.

IT IS FURTHER AGREED ANNUAL INSTALLMENTS SHALL BE AS FOLLOWS:

- INSTALLMENT 1: 5/21/82 - $177,500.00
- INSTALLMENT 2: 5/21/83 - TO BE DETERMINED
- INSTALLMENT 3: 5/21/84 - TO BE DETERMINED

All other terms and conditions of this insurance remain unchanged.

**Signatures:**

- John J. Stachowicz (President)
- C. Manfredo (Authorized Representative)

**Document Number:**

IBM-ZRIND 00080