**Employee Retirement and Income Security Act Exclusion Endorsement**

In consideration of the premium charged, such insurance as is afforded by this policy shall not apply with respect to any claim or claims brought about as a result of any violation of any responsibilities, obligations or duties imposed upon fiduciaries by the Employee Retirement and Income Security Act of 1974 or amendments thereto.

The effective date of this endorsement is **MAY 21, 1981** at **NEW YORK, NEW YORK**.

All other terms and conditions remain unchanged.

This endorsement is attached to and made a part of: **Policy Number OZX 11660**

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

Broker/Agent: **JOHNSON & HIGGINS**

Address: **95 WALL STREET**

**NEW YORK, NEW YORK 10005**

Date of Issue: **MAY 13, 1991** BY: **mn** END. NO.: **3** BY:

**DSIS - 180 (7/70)**