# Zurich-American Insurance Companies

## Endorsement #2

| Policy No. | Eff. Date of Pol. | Exp. Date of Pol. | Eff. Date of End | Agency No. | Add'l Premium | Return Premium |
|------------|-------------------|------------------|-----------------|------------|---------------|----------------|
| CU 32 52 096-00 | 5/27/84 | 5/27/85 | 5/27/84 | 50-515-00 | $____ | $____ |

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP.

**Address (including Zip Code):** ARMONK, NEW YORK

**Endorsement Details:**

This endorsement is issued by the company designated in the Declarations which is the insurer under the above numbered policy issued to the Named Insured and forms a part of said policy as of the effective date hereof at the hour stated in the policy Declarations.

**Changes Afforded by This Endorsement:**

This endorsement changes such insurance as is afforded by provisions of the policy relating to the following:

**Insurance Coverage:**

SUCH INSURANCE AS IS AFFORDED BY THIS POLICY IS FOLLOWING FORM AND EXCESS OF CENTENNIAL INSURANCE COMPANY POLICY NO. 462-02-39-54, HEREINAFTER CALLED "UNDERLYING POLICY." THIS POLICY IS WARRANTED TO THE EXACT TERMS AND CONDITIONS OF THE UNDERLYING POLICY, EXCEPT WITH RESPECT TO LIMITS OF LIABILITY AND PREMIUM AND ALL PREPRINTED TERMS AND CONDITIONS HEREIN ARE DELETED TO THE EXTENT THAT THEY VARY OR ARE INCONSISTENT WITH THE TERMS AND CONDITIONS OF THE UNDERLYING POLICY.

**Countersigned:**

Johnson & Higgins

Z 008517

Authorized Representative