**EMPLOYEE RETIREMENT AND INCOME SECURITY EXCLUSION ENDORSEMENT**

IN CONSIDERATION OF THE PREMIUM CHARGED, SUCH INSURANCE PROVIDED BY THIS POLICY SHALL NOT APPLY WITH RESPECT TO ANY CLAIMS BROUGHT ABOUT AS A RESULT OF ANY VIOLATION OF ANY RESPONSIBILITIES 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, 1980 AT NEW YORK, ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. THIS ENDORSEMENT IS ATTACHED TO AND MADE A PART OF POLICY # MLP 10 13 62.

ISSUED TO: INTERNATIONAL BUSINESS MACHINES CORPORATION, ETAL

BROKER/AGENT: JOHNSON & HIGGINS
ADDRESS: 95 WALL STREET
NEW YORK, NEW YORK 10005

DATE OF ISSUE: 4/29/80 BY cp END. No. 4