**HIGHLANDS INSURANCE COMPANY**
☑ HIGHLANDS UNDERWRITERS INSURANCE COMPANY

**ENDORSEMENT**

**NO. 4**

**IT IS AGREED THAT EFFECTIVE:** May 21, 1979
**POLICY NO.:** SR 20847
**ISSUED TO:** INTERNATIONAL BUSINESS MACHINES
**IS AMENDED AS HEREIN SPECIFICALLY STATED BUT NOT OTHERWISE**

**ADDITIONAL PREMIUM:** —
**RETURN PREMIUM:** —

1.) **It is agreed that "Policy Period" shall read as follows:**
   Effective 12:01 A.M. May 21, 1979 to May 21, 1982 for a period of 3 consecutive terms of one year each and as follows:
   - 1st Term: 5/21/79 to 5/21/80

2.) **It is further agreed that the policy premium for the period 5/21/79 to 5/21/80 shall be $13,000.**
   The policy premium for the second and third coverage periods shall be agreed to prior to attachment dates.

**NY - 5/17/79**
**rc**

All other terms and conditions remaining unchanged.

This endorsement countersigned by [counterparty's name], and the counterparty's signature on the reverse side of the company forms a part of the above policy as indicated.

**SIGNED BY:** [Counterparty's Signature]
**AUTH. #:** [Authorization Number]

**/35067 3/28**