# Non-Premium Endorsement

**Date Prepared:** 05/21/92 sb  
**Endorsement No.:** 6

**Issued by:**
- The Home Insurance Company (X)  
- City Insurance Company (□)  
- The Home Indemnity Company (□)  
- The Home Insurance Company of Indiana (□)

**Policy Number:** HXL-F 86 48 40  
**Certificate Number:**  
**Named Insured:** International Business Machine Corp.  
**Producer:** Johnson & Higgins of New York Inc.  
**Producer No.:** OPC 50138-081  

**Policy Period:**  
- Inception (Month-Day-Year): 05-21-92  
- Expiration (Month-Day-Year): 05-21-93  
- Effective Date and Time of Endorsement: 05-21-92  

*It is agreed that this policy is hereby amended as indicated. All other terms and conditions of this policy remain unchanged.*

## OMNIBUS ENDORSEMENT  
**EXCESS LIABILITY INSURANCE**

In consideration of the payment of the premium, it is hereby understood and agreed that paragraphs 1. and 2. of the provision entitled Insuring Agreements are deleted in their entirety and replaced by the following:

1. The Company hereby agrees to pay on behalf of the Insured the Ultimate Net Loss in excess of the limits of the Underlying Insurance as shown in Item 4 of the Declarations, but only up to an amount not exceeding the Company's Limit of Liability as shown in Item 3 of the Declarations. Except for the Terms, Definitions, Conditions, and Exclusions of this policy, the coverage provided by this policy shall follow the Insuring Agreements, Definitions, Conditions and Exclusions of the First Underlying Insurance Policy as shown in Item 4 of the Declarations.

2. The limits of the Underlying Insurance shall be maintained in full effect during the currency of this policy except for reduction of such limits by exhaustion of aggregate limits (if any) contained therein by payment of damages for accident(s) or occurrence(s), whichever is applicable, during Each Annual Period of this policy. Failure of the Insured to comply with the foregoing shall not invalidate this policy but in the event of such failure, the Company shall be liable only to the extent that it would have been held liable had the Insured complied therewith.

All other terms and conditions remain unchanged.

**Signature of Authorized Representative**

**The Home Insurance Companies**  
**H22300 F (ST) 11/81**  
**INSURED COPY**