# Excess Insurance Policy

**Liberty International Underwriters**

**(A New York Stock Insurance Company, hereinafter the "Insurer")**

**ENDORSEMENT NO. 2**

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

| Named Insured: | International Business Machines Corporation |
| --- | --- |
| Policy Number: | LQ1B71078753082 |
| Effective Date: | May 21, 2009 |

## CRISIS COMMUNICATIONS MANAGEMENT INSURANCE ENDORSEMENT

It is understood and agreed that this policy shall not be subject to the terms and conditions of Endorsement Form Number, As Per On File With The Company, (Crisis Communications Management Insurance) of Policy Number: XOOG 24895944, issued by ACE Property & Casualty Insurance Company, and under no circumstances shall this Policy provide coverage for Crisis Management Loss as defined herein.

All other terms, conditions and exclusions of the Policy remain unchanged.