# American Zurich Insurance Company

**Endorsement No. 3**

**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        | 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

**ABSOLUTE ASBESTOS LIABILITY ENDORSEMENT**

It is hereby understood and agreed that such insurance as is afforded by this policy is subject to the following additional exclusion:

This policy shall not apply:
1. to any obligation or liability incurred by or imposed upon any insured arising out of the manufacture, mining, use, sale, installation, removal, distribution of, or exposure to asbestos, asbestos products, asbestos fibers or asbestos dust; or
2. to any obligation or liability incurred by or imposed upon any insured to indemnify any party because of damages arising out of the manufacture, mining, use, sale, installation, removal, distribution of, or exposure to asbestos, asbestos products, asbestos fibers or asbestos dust; or
3. to any obligation to investigate, defend or settle any suit or claim against any insured alleging any damages arising out of the manufacture, mining, use, sale, installation, removal, distribution of, or exposure to asbestos, asbestos products, asbestos fibers or asbestos dust;

**Countersigned:** K. Gregnoli  
**AUTHORIZED REPRESENTATIVE**  
**DATE:** 6/11/9