# ENDORSEMENT

This endorsement, effective 12:01 A.M., May 21, 1978, forms a part of policy No. 122 96 79 issued to International Business Machines Corp., etal.

by National Union Fire Insurance Company

It is understood and agreed that regardless of the number of Insureds under this Policy and Policy Number CE 364-04-50 the total Limit of Liability under both Policies shall be $20,000,000, and the two policies combined shall not operate to increase the Limit of Liability set forth in the Declarations Page of these Policies.