**GAI 6012 (Ed. 06 97)**
**Policy No.** EXC 2100826
**Effective Date of Change:** 05/21/11

**POLICY CHANGES**

**NAMED INSURED AND ADDRESS:**
INTERNATIONAL BUSINESS MACHINES CORP.
(IAS PER UNDERLYING INSURANCE)
ONE NEW ORCHARD ROAD, MAIL DROP 109
ARMONK, NY 10504-1725

**POLICY PERIOD:**
12:01 A.M., Standard Time at the address of the Named Insured shown at left.
From 05/21/11 To 05/21/12

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

**AGENT'S NAME AND ADDRESS:**
AON RISK SERVICES NORTHEAST, INC.
199 WATER STREET, 33RD FLOOR
NEW YORK, NY 10038

**Insurance is afforded by company indicated below:**
(Each a capital stock corporation)
- GREAT AMERICAN INSURANCE CO.
- AMERICAN ALLIANCE INSURANCE CO.
- AMERICAN NATIONAL FIRE INS. CO.
- AGRICULTURAL INSURANCE CO.
- GREAT AMERICAN INSURANCE CO. OF NEW YORK

**It is agreed that the policy is amended as follows:**
Amend GAI 6965 (11/10) - Following Form Coverage Endorsement as per form attached.

**CHANGE ENDORSEMENT NO. 1**

**FORMS AND ENDORSEMENTS hereby added:**
FORMS AND ENDORSEMENTS hereby amended: GAI 6965 (11/10)

**FORMS AND ENDORSEMENTS hereby deleted:**

Countersigned 9/20/11
By Donna M. Harwood
Authorized Representative

GAI 6012 (Ed. 06/97) PRO
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mga 9/20/11