# ENDORSEMENT

**Date Issued:** 06/25/92  
**Endorsement No.:** 1  
**Insured:** INTERNATIONAL BUSINESS MACHINES CORP. ETAL  
**Policy No.:** (93) 7908-98-98  
**Name of Company:** FEDERAL INSURANCE COMPANY  
**Effective Date:** 05/21/92  
**Producer:** JOHNSON & HIGGINS  

## B(2) OTHER UNDERLYING INSURANCE
- **Royal:** $5,000,000 - each occurrence  
- **Policy #: TBA:** $5,000,000 - aggregate  
- **05/21/92-93**

## B(3) OTHER UNDERLYING INSURANCE
- **International:** $5,000,000 - each occurrence  
- **Policy #: TBA:** $5,000,000 - aggregate  
- **05/21/92-93**

## B(4) OTHER UNDERLYING INSURANCE
- **Travelers:** $5,000,000 - each occurrence  
- **Policy #: TBA:** $5,000,000 - aggregate  
- **05/21/92-93**

## C OTHER UNDERLYING INSURANCE
- **New England:** $10,000,000 - each occurrence  
- **Policy #: TBA:** $10,000,000 - aggregate  
- **05/21/92-93**

All Other Terms and Conditions Remain Unchanged.

**Date:**  
**Authorized Representative:**