# NON-OWNED WATERCRAFT EXCEPTION

| Named Insured | International Business Machines Corporation |
|---------------|-------------------------------------------|
| Policy Symbol | HDO                                       |
| Policy Number | G48898919                                 |
| Policy Period | 05/21/2024 to 05/21/2025                  |
| Endorsement Number | 22                                         |
| Effective Date of Endorsement | -                                          |
| Issued By (Name of Insurance Company) | ACE American Insurance Company              |

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

This endorsement modifies insurance provided under the following:
- COMMERCIAL GENERAL LIABILITY COVERAGE FORM
- EXCESS COMMERCIAL GENERAL LIABILITY POLICY

Notwithstanding any exclusion contained in this policy or any endorsement to this policy to the contrary, the Aircraft, Auto Or Watercraft exclusion in Paragraph 2.g. of SECTION I, Coverage A. BODILY INJURY AND PROPERTY DAMAGE LIABILITY does not apply to a watercraft you do not own that is:

(a) Less than **150** feet long; and

(b) Not being used to carry persons or property for a charge.

**Authorized Representative**

LD-46686 (10/15) Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 1 of 1