# ENDORSEMENT No. 15

This endorsement, effective 12:01 AM: May 21, 2008

Forms a part of policy no: 5443148

Issued to: INTERNATIONAL BUSINESS MACHINES CORPORATION

By: NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA.

**Commercial Umbrella Liability Policy with CrisisResponse®**

**Limits of Insurance Amendatory Endorsement (Deletion of Paragraph E.)**

This policy is amended as follows:

Section IV. LIMITS OF INSURANCE, Paragraph E. is deleted in its entirety.

All other terms, definitions, conditions, and exclusions of this policy remain unchanged.

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

Authorized Representative or Countersignature (in States Where Applicable)
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This document outlines an endorsement to a commercial umbrella liability policy issued by National Union Fire Insurance Company of Pittsburgh, PA, to International Business Machines Corporation. The endorsement amends the policy by deleting Paragraph E from Section IV, Limits of Insurance. All other terms, definitions, conditions, and exclusions of the policy remain unchanged.