**ORIGINAL POLICY**

**GAI 6012 (Ed. 06 97)**

**Policy No. EXC 2194831 - Effective Date of Change 05/21/08**

**POLICY CHANGES**

**NAMED INSURED AND ADDRESS:**
INTERNATIONAL BUSINESS MACHINES CORP.
(AS PER UNDERLYING INSURANCE)
ONE NORTH CASTLE DRIVE, MAIL DROP 222
ARMONK, NY 10504-1725

**POLICY PERIOD:**
12:01 A.M. Standard Time at the address of the Named Insured shown at left.
From 05/21/08 To 05/21/09

**AGENT'S NAME AND ADDRESS:**
ARTHUR J GALLAGHER & CO.
HOLLY POND PLAZA, 1281 E, MAIN ST.
STAMFORD, CT 06902

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

**Insurance is afforded by company indicated below:**
(Each a capital stock corporation)

(GREAT AMERICAN INSURANCE CO.)
(AMERICAN ALLIANCE INSURANCE CO.)
(AMERICAN NATIONAL FIRE INS. CO.)
(AGRICULTURAL INSURANCE CO.)
(X) GREAT AMERICAN INSURANCE CO. OF NEW YORK

**IT IS AGREED THAT THE POLICY IS AMENDED AS FOLLOWS:**

1. AMEND GAI 6008 (06/97) - SCHEDULE A - SCHEDULE OF UNDERLYING INSURANCE (SUPPLEMENTAL)

**CHANGE ENDORSEMENT NO. 1**

**FORMS AND ENDORSEMENTS hereby added:**

**FORMS AND ENDORSEMENTS hereby amended:** GAI 6008 (06/97)

**FORMS AND ENDORSEMENTS hereby deleted:**

Countersigned **9/19/08** By **[Signature]** Authorized Representative

GAI 6012 (Ed. 06/97) PRO
(Page 1 of 1)
KB/mga 09/19/08