# NOTICE OF CHANGE ENDORSEMENT

**Endorsement No.:** 7  
**Policy No.:** 43-XSF-100238-02  
**Effective 12:01 AM:** 5/21/2015  
**Issued to:** International Business Machines Corporation  
**By:** National Liability & Fire Insurance Company  

The policy is hereby modified effective on the date listed above as follows:

1. Endorsement 5 - Issuance of Follow Form Excess Policy Prior to Issuance or Receipt of the Followed Underlying Policy(ies), and associated ACE binder, dated 05/01/2015, are both deleted from our policy in their entirety.

The premium associated with the foregoing policy modification is: $0  

All other terms and conditions of this policy remain unchanged.

Authorized Representative OR  
Countersignature (in states where applicable)

CL-UN-097-01/2014  
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