# LIBERALIZATION CLAUSE ENDORSEMENT

| Named Insured | International Business Machines Corporation |
|---------------|--------------------------------------------|
| Endorsement Number | 028 |

| Policy Symbol | XEU |
|---------------|-----|
| Policy Number | G27983212 007 |
| Policy Period | 05/21/2022 to 05/21/2023 |
| Effective Date of Endorsement | 05/21/2022 |

Issued By (Name of Insurance Company) | ACE Property and Casualty Insurance Company |

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

This endorsement modifies insurance provided under the following:

**ENHANCED COMMERCIAL UMBRELLA LIABILITY POLICY**

The policy is amended as follows:

Section VI. CONDITIONS is amended to add the following condition:

- **Liberalization Condition**

In the event a law or regulation governing the coverage required to be provided by this policy is enacted or changed during the "policy period", this policy shall conform to the requirements of such law or regulation to the extent they require the broadening of coverage provided by this policy without an additional premium charge.

All other terms and conditions of the policy remain unchanged.

Authorized Representative

MS-275567.17 (04/20)
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