**End. No. 4**

**NON-CONCURRENCY ENDORSEMENT**

In the event of reduction or exhaustion of the aggregate limit or limits designated in the Underlying Policy or Policies by payment of losses in respect to accidents or occurrence during the period of such Underlying Policy or Policies, it is hereby understood and agreed that such insurance as is afforded by this policy shall apply in excess of the reduced Underlying Limit or, if such limit is exhausted, shall apply as Underlying Insurance, notwithstanding anything to the contrary in the terms and conditions of this policy.

This endorsement forms a part of and is for attachment to the following described policy issued by the NORTHWESTERN NATIONAL INSURANCE GROUP company designated therein, takes effect on the effective date of said policy, unless another effective date is shown below, at the hour stated in said policy and expires concurrently with said policy.

**Must Be Completed**

ENDY. NO. POLICY NO.
XLP 400827

**Complete Only When This Endorsement Is Not Prepared with the Policy Or Is Not to be Effective with the Policy**

**ISSUED TO:** INTERNATIONAL BUSINESS MACHINES CORPORATION, et al

**EFFECTIVE DATE OF THIS ENDORSEMENT:** 1-1-70

NORTHWESTERN NATIONAL INSURANCE COMPANY OF MILWAUKEE, WISCONSIN
AMERICAN PREMIER INSURANCE COMPANY
PACIFIC AUTOMOBILE INSURANCE COMPANY
UNIVERSAL INSURANCE COMPANY
OREGON AUTOMOBILE INSURANCE COMPANY
NORTH PACIFIC INSURANCE COMPANY

Countersigned by: AUTHORIZED AGENT