# Endorsement

**Issued by:**

**American Re-Insurance Company**
(Herein called the reinsurer)
One Liberty Plaza, 91 Liberty Street
New York, New York 10006

**To:**

**Johnson & Higgins Co. of N.Y.**
95 Wall Street
New York, New York 10005

Mr. Richard Michel

**Attention:**

**International Business Machines et al**
(Hereinafter called the insured)

M-1665042
5 21 77 1
From: 5 21 77 To: 5 21 78
Certificate Number: Effective Date of Endorsement: Insurance Certificate Period: NIL

**Additional or Return Premium (—):** NIL
**Change in Future Installments Increase or Decrease (—):** X
**Amended Future Installment:** NIL

**Date of Next Installment:** [Not specified]

It is understood and agreed that such insurance as is afforded by the policy shall not apply to any error or omission, or mistake of a professional nature other than incidental malpractice committed or alleged to have been committed by or on behalf of the insured in the conduct of any of the insured's business activities.

**Date:** 5/27/77
**Signature:** [Signature]
**Counter-signed by:** [Name]
**Authorized Representative:**

Form CF 021-A.W.Y.-11-76