# Excess Insurance Policy

## Liberty Insurance Underwriters Inc.

**(A member of Liberty Mutual Group and hereinafter "the Company")**

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

**ENDORSEMENT NO. 10**

- **Named Insured:** International Business Machines Corporation
- **Policy Number:** LQ1B71078753072
- **Effective Date:** May 21, 2008

## Schedule of Underlying Insurance

In consideration of the premium charged, it is hereby understood and agreed that Item 5. SCHEDULE OF UNDERLYING INSURANCE, as it appears on the Declarations page of this policy is amended to read as follows:

### First Underlying Insurance Policy
- **Insurer:** National Union Fire Insurance Company
- **Policy Number:** 5443148
- **Policy period:** 05-21-2008 To 05-21-2009
- **Applicable Limit(s):**
  - $50,000,000 Each Occurrence
  - $50,000,000 General Aggregate
  - $50,000,000 Products/Completed Operations Aggregate

### Other Underlying Insurance (Excess of First Underlying Insurance Policy)
- **Insurer:** Various Companies
- **Policy Number:** As Per On File With The Company
- **Policy period:** 05-21-2008 To 05-21-2009
- **Applicable Limit(s):**
  - $50,000,000 Each Occurrence
  - $50,000,000 General Aggregate
  - $50,000,000 Products/Completed Operations Aggregate

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

**Authorized Representative:**
**November 24, 2008**
**Issuance Date**

**1 1**
**0187 (03/00)**