# CHUBB

## FELLOW EMPLOYEE EXCLUSION DELETED

| Named Insured | International Business Machines Corporation |
|---------------|-------------------------------------------|
| Policy Symbol  | XEU                                       |
| Policy Number | G27983212 005                            |
| Policy Period | 05/21/2020 to 05/21/2021                  |
| Endorsement Number | 009                                      |
| Effective Date of Endorsement | 05/21/2020                               |
| 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 VII. DEFINITIONS, "Insured" is amended as follows:

1. Subparagraph 3.a.(1) i. is deleted and replaced with the following:
   - To you, to your partners or members (if you are a partnership or joint venture), or to your members (if you are a limited liability company);
2. Subparagraph 3.a.(1)ii. is deleted.

All other terms and conditions of this policy remain unchanged.

Authorized Representative

XSE-50735 (07/18)
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