# LIMIT OF LIABILITY AMENDMENT

**Date Issued:** June 6, 1991  
**Endorsement No.:** 2  
**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

**THIS POLICY IS SUBJECT TO THE FOLLOWING AMENDMENT**

It is understood and agreed that Item 4, Limit of Liability as stated in the Declarations is amended to read as follows:

The Company's liability under this policy is as follows:

- **$20,000,000.-** Each Occurrence
- **$20,000,000.-** General Aggregate (as defined in the first Underlying Insurance policy) (where applicable)
- Part of
  - **$55,000,000.-** Each Occurrence
  - **$55,000,000.-** General Aggregate (as defined in the first Underlying Insurance policy) (where applicable)
- In Excess of
  - **$60,000,000.-** Each Occurrence
  - **$60,000,000.-** General Aggregate (as defined in the first Underlying Insurance policy) (where applicable)

All Other Terms and Conditions Remain Unchanged.

**06/06/91**  
**Date**  
**Authorized Representative:** [Signature]  
**LIMIT OF LIABILITY AMENDMENT**  
**Form 07-02-0581 (Ed. 7-86)**  
**INSURED'S COPY**