**Endorsement**

This endorsement is made and agreed to as of May 21, 1981, by and between the undersigned:

* **INSURED:** INTERNATIONAL BUSINESS MACHINES INC., ETAL
* **INSURER:** BACCALA INSURANCE POLICIES VARIOUS AS PER SCHEDULE ON FILE WITH THE COMPANY.

**ITEM A. Aggregate Limits**

* **Insuring Agreement I:** $130,000,000.00 BI/PI CSL AGGREGATE WHERE APPLICABLE.

**ITEM B. Aggregate Aggregate Limits**

* **Insuring Agreement II:** $130,000,000.00 BI/PI CSL AGGREGATE WHERE APPLICABLE.

**ITEM C. Limit of Liability**

* **Insuring Agreement II:** $7,000,000.00 BI/PI CSL PTO $45,000,000.00 BI/PI PD CSL AGGREGATE WHERE APPLICABLE.

**ITEM D. Aggregate Limit of Liability**

* **Insuring Agreement II:** $7,000,000.00 BI/PI PD CSL PTO $45,000,000.00 BI/PI PD CSL

**ITEM E. Notice of Occurrence**

* **Condition 4) To:** BACCALA & SHOOP INSURANCE SERVICES, TWO CENTURY PLAZA SUITE 2100, 2049 CENTURY PARK EAST, LOS ANGELES, CA. 90067.

**The effective date of this endorsement is MAY 21, 1981.**
* **All other terms and conditions remain unchanged.**
* **This endorsement is attached to and made a part of Policy # OZX 11660.**

**Issued to:** INTERNATIONAL BUSINESS MACHINES INC., ETAL

* **Broker Agent:** JOHNSON & HIGGINS
* **Address:** 95 WALL STREET
* **New York, N.Y. 10005**

**Date of Issue:** 6-25-81
* **By:** oz
* **End No:** 11
* **By:** [Signature]