**AMENDMENT OF ENDORSEMENT #2**

In consideration of the premium charged it is agreed that endorsement #2, the schedule of Underlying Insurance, is amended to read as follows:

**INTERNATIONAL BUSINESS MACHINES CORPORATION ET AL**

**SCHEDULE OF UNDERLYING INSURANCE**

**I. UMBRELLA LIABILITY - 2 policies issued jointly with Separate Contract for Canada which provide a Combined Total Limit of Liability of $2,000,000 a.o.o. in respect of (1) IBM Corp.-including IBM World Trade Corp. in respect of WTC's U.S.A Operations, Aircraft and Airport Liability -and All Products Worldwide; and (2) IBM World Trade Corp. in respect to Canada Operations and Products.**

**EXCESS OF**

**1. a. International Business Machines Corporation**

| Coverage | Limit |
| --- | --- |
| Comprehensive General (incl. Malpractice and Products Worldwide) and Automobile Liability | $500/1,000,000 PI 100,000 PD |
| Aircraft (incl. Non-Ownership) Liability | 10,000,000 |
| Airport Liability | 2,000,000 |
| Boiler Liability | 40,000,000 |
| Advertisers Liability | 75,000 |
| Employers Liability | 100,000 |
| Comprehensive General Liability (Wrap-Up) Chicago Office Construction | 500/2,000,000 PI 1,000,000 PD |
| Foreign - Comprehensive General and Automobile Liability | 500/1,000,000 PI 100,000 PD |
| Automobile Liability - Guam | 100/1,000,000 BI 100,000 PD |
| Automobile Liability - South Korea | 100/1,000,000 BI 100,000 PD |
| Automobile Liability - South Vietnam | 100/1,000,000 BI 100,000 PD |
| Automobile Liability - Japan* | 100/300,000 BI 10,000 PD |

Nothing herein contained shall vary, alter or extend any provision or condition of the policy other than as above stated.

| Effective Date | Issued to | Part of Policy No. |
| --- | --- | --- |
| 5-21-70 at the hour specified in the policy. | International Business Machines Corp., et al | XCP 3668 |