**Policy Endorsement**

**Policy No:** 86-68-700  
**Eff. Date of Pol:** 12/31/70  
**Eff. Date of End:** 8/23/71  
**Agency No.:** 50-515-000  
**Add'l Premium:** $150.  
**Return Premium:** $  

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP.

**Endorsement Details:**

This endorsement is issued by the company named below, which is the insurer under the policy designated above, and it forms part of said policy as of the effective date hereof, at the hour stated in the policy Declarations.

**Agreed Exclusion:**

It is agreed that exclusion D of the Comprehensive General Liability Coverage Part (pertaining to watercraft) is deleted as regards the sailing regatta to be held by the IBM Club at John H. Kerr Reservoir on either Sept. 11, 1971 or Sept. 25, 1972.

**Signatures:**

JOHNSON & HIGGINS  
DS/ 10/6/71

**Insurance Companies:**

- ZURICH INSURANCE COMPANY
- AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY

**Counter-signed by:**

W. J. Slocum  
Attorney-in-Fact

**Form:** 116-G  
**IBM:** 062387