# SCHEDULED RETAINED LIMIT AMENDATORY ENDORSEMENT

(ALL "OTHER INSURANCE" MAY REDUCE OR ERODE THE "SCHEDULED RETAINED LIMIT")

| Named Insured | International Business Machines Corporation |
|---------------|-------------------------------------------|
| Endorsement Number | 002 |

| Policy Symbol | XEU |
|---------------|-----|
| Policy Number | G27983212 009 |
| Policy Period | 05/21/2024 to 05/21/2025 |
| Effective Date of Endorsement | 05/21/2024 |

Issued By (Name of Insurance Company) | ACE Property and Casualty Insurance Company |

Insert the policy number. The remainder of the information is to be completed only when this endorsement is issued subsequent to the preparation of the policy.

**THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.**

This endorsement modifies insurance provided under the following:

**ENHANCED COMMERCIAL UMBRELLA LIABILITY POLICY**

The policy is amended as follows:

Section IV. LIMITS OF INSURANCE AND "RETAINED LIMIT", Paragraph M. is deleted in its entirety and replaced with the following:

M. If there is "underlying insurance", or "other insurance" applicable to a "loss" subject to a "scheduled retained limit", amounts received through such "underlying insurance", or such "other insurance" for the payment of such "loss" covered by this policy may be applied to reduce or exhaust the "scheduled retained limit".

All other terms and conditions of the policy remain unchanged.

Authorized Representative

XSE-53703 (04/20)
Page 1 of 1