# PROTECTIVE REIMBURSEMENT ENDORSEMENT

| Named Insured | International Business Machines Corporation |
|---------------|-------------------------------------------|
| Endorsement Number | 28 |

| Policy Symbol | HDO |
|---------------|-----|
| Policy Number | G71237606 |
| Policy Period | 05/21/2019 to 05/21/2020 |
| Effective Date of Endorsement | - |

| Issued By (Name of Insurance Company) | ACE American Insurance Company |

Insert the policy number. The remainder of the information is to be completed only when this endorsement is issued subsequent to the preparation of the policy.

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

You have purchased the protective liability policies listed in the Schedule below (the "Scheduled Policies"), issued to your customers, the insureds, also shown in such Schedule. If no policies are listed in the Schedule, then the Scheduled Policies are all of the Railroad Protective Policies and/or Owners Contractors' Protective Policies that we issue at your request to your customers at the time when this policy is in effect. You have asked that the Scheduled Policies be subject to the loss reimbursement terms set out in the Deductible Endorsement attached to this policy.

You will pay us, or reimburse us if we pay first, for damages and "allocated loss adjustment expense" under each of the Scheduled Policies, up to the Deductible Amount, as provided in the Deductible Endorsement.

The term Coverage A as used in the Deductible Endorsement attached to this policy includes all amounts paid or payable pursuant to the Scheduled policies except for "allocated loss adjustment expenses". The term "allocated loss adjustment expense" as used in the Deductible Endorsement attached to this policy includes all "allocated loss adjustment expense" arising under the Scheduled Policies.

## SCHEDULE

| Named Insured | Type of Coverage | Policy Number |
|---------------|------------------|---------------|
| National Railroad Passenger | Railroad Protective Policy | ORPG71094947 |
| Metro North Railroad | Railroad Protective Policy | ORPG71094984 |

Authorized Agent

LD-19578 (01/06) Ptd. in U.S.A.
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