# NON-PREMIUM ENDORSEMENT

| Date Prepared | Endorsement No. |
| --- | --- |
| 05-15-95 LVI | 4 |

**Issued By**

- Zurich Insurance Company
- Zurich American Insurance Company of Illinois

**Policy Number:** HXLU 037436  
**Certificate Number:**  
**Named Insured:** International Business Machine Corp.

**Producer:** Johnson & Higgins  
**Producer No.:** OPC  
**Producer No.:** 50138-081

**Inception (Month-Day-Year):** 05-21-95  
**Expiration (Month-Day-Year):** 05-21-96  
**Effective Date & Time of Endorsement:** 05-21-95

It is agreed that this policy is hereby amended as indicated. All other terms and conditions of this policy remain unchanged.

It is further understood and agreed that the following provisions are hereby added to the policy:

1. It is agreed that where there is a judgment against the Insured or his personal representative in an action brought to recover damages for injury sustained or loss or damage occasioned during the life of the policy, which remains unsatisfied at the expiration of thirty days from the serving of notice of entry of judgment upon the attorney for the Insured, or upon the Insured, and upon the Company, then an action may, except during a stay or limited stay of execution against the Insured on such judgment, be maintained against the Company under the terms of the policy for the amount of such judgment not exceeding the amount of the applicable limit of coverage under the policy.
2. It is agreed that the Company shall secure the consent of the Insured in settlement of satisfaction of any claim or suit.
3. It is hereby understood and agreed that, notwithstanding anything in this policy to the contrary with respect to such insurance as is afforded by this policy, the terms of this policy as respects coverage for operations in the State of New York shall conform to the coverage requirements of the applicable insurance laws of the State of New York or the applicable regulations of the New York Insurance Department; provided, however, that the Company's limit of liability as stated in this policy shall be excess of the limits of liability of any underlying insurance or self-insurance as stated in the Declarations or in any endorsement attached hereto.

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**Signature of authorized Representative**  
222300 F (ST)11/81