# NON-PREMIUM ENDORSEMENT

| Date Prepared | Endorsement No. |
| --- | --- |
| 05-22-95 | 2 |

**Issued By**

- Zurich Insurance Company
- Zurich American Insurance Company of Illinois

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

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

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

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

## ABSOLUTE ASBESTOS EXCLUSION

This policy shall not apply to Ultimate Net Loss arising out of or in connection with:

(1) asbestos or asbestos-related material(s), regardless of whether used, manufactured, sold, handled, maintained, repaired, removed, disposed of, transported, distributed, installed by, or in any way connected with the Insured; or

(2) the existence of asbestos in any goods, products, materials, storage devices, containers, wrappings, packaging, warehouses, buildings, or other structures of any kind, or any part thereof; or

(3) any goods or products which are damaged, contaminated or otherwise affected by asbestos or any asbestos-related material(s); or

(4) asbestos abatement activities, including clean-up, repair, or any other corrective measures which are occasioned by the existence of asbestos in any land, soil, water or watercourses, the atmosphere and/or building(s), whether voluntarily undertaken or required by any governmental body or other entity to eliminate asbestos.

All other terms and conditions remain unchanged.