# Excess Insurance Policy

## Liberty Insurance Underwriters Inc.

(A Stock Insurance Company, hereinafter the "Insurer")

**ENDORSEMENT NO. 6**

- **Named Insured:** International Business Machines Corporation
- **Policy Number:** 1000040626-13
- **Effective Date:** 05/21/2014

**NOTICE: THESE POLICY FORMS AND THE APPLICABLE RATES ARE EXEMPT FROM THE FILING REQUIREMENTS OF THE NEW YORK STATE INSURANCE LAW AND REGULATIONS. HOWEVER, THE FORMS AND RATES MUST MEET THE MINIMUM STANDARDS OF THE NEW YORK INSURANCE LAW AND REGULATIONS.**

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

**UNINSURED AND UNDERINSURED AUTO LIABILITY EXCLUSION**

This insurance does not apply to:

1) Any obligation of any Insured under a No Fault, Uninsured Motorist or Underinsured Motorist law or any similar law, regulation or ordinance; or

2) Any "loss" arising from or related to directly or indirectly the ownership, maintenance, use or operation of an uninsured or underinsured auto.

This endorsement does not change any other provisions of the policy.