**ENDORSEMENT**

**Date Issued:** June 6, 1991  
**Endorsement No.:** 7  
**Insured:** International Business Machines Corp., Etal  
**Policy No.:** (92)7908-98-98  
**Name of Company:** Federal Insurance Company  
**Effective Date:** 05/21/91  
**Producer:** Johnson & Higgins

It is agreed that the premium charged is payable as follows:

- United States Fund: $96,600.
- Canadian Fund: $3,400.
- Total Premium: $100,000.

Johnson & Higgins Willis Faber, Ltd.  
Place Victoria, Suite 2300  
Montreal, Quebec H4Z1EZ  

shall be deemed to be producer of record as regards Canadian exposures and premium.

dk - 06/06/91  
0606.30  

All Other Terms and Conditions Remain Unchanged  

Form 99-02-02/5 Part (Rev. 8-71) (Formerly 1382)  
M-20587 (125M)