# American Zurich Insurance Company

**Endorsement No. 1**

**THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.**

| POLICY NO. | EFF. DATE OF POL. | EXP. DATE OF POL. | EFF. DATE OF END. | PRODUCER | ADD'L PREM. | RETURN PREMIUM |
|------------|-------------------|-------------------|-------------------|----------|-------------|-----------------|
| EUO 8481810-00 | 5/21/96 | 5/21/97 | 5/21/96 | 18-248 | N/A | N/A |

**Named Insured:** INTERNATIONAL BUSINESS MACHINE  
**Address (including ZIP Code):** OLD ORCHARD RD. MAIL DROP 230 ARMONK, NY 10504

**LIMITS OF LIABILITY ENDORSEMENT**

It is hereby understood and agreed that Item 4 of the Declaration is amended to read as follows:

The limits of the company's liability are:
(A) Per Occurrence: $30,000,000
(B) Aggregate Limits - Separately as respects:
(i) Products Hazard and Completed Operations Hazard Combined: $30,000,000
(ii) All Other Coverages Combined: $30,000,000 (except Auto Liability which is not subject to any aggregate limit)

Part of
(A) Per Occurrence: $50,000,000
(B) Aggregate Limits - Separately as respects:
(i) Products Hazard and Completed Operations Hazard Combined: $50,000,000
(ii) All Other Coverages Combined: $50,000,000 (except Auto Liability which is not subject to any aggregate limit)

**Countersignature:** K. Gregori
**Authorized Representative**
**Date:** 6/11/97