# ENDORSEMENT

This endorsement, effective 12:01 A.M., July 1, 1977, is a part of policy No. 122 44 38 issued to International Business Machines Corporation, et al.

by National Union Fire Insurance Company

It is understood and agreed that regardless of the number of insureds under this Policy and Policy Number CE 343-34-69, the Total Limit of Liability under both policies shall be $5,000,000, and the two Policies combined shall not operate to increase the Limit of Liability set forth in the Declarations Page of these Policies.

Form 1803
Authorized Representative