# Excess Insurance Policy

## Liberty Insurance Underwriters Inc.

**(A member of Liberty Mutual Group and hereinafter "the Company")**

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

**ENDORSEMENT NO. 5**

- **Named Insured:** International Business Machines Corporation
- **Policy Number:** LQ1B71078753072
- **Effective Date:** 5/21/2008

## War Liability Exclusion Endorsement

It is hereby agreed that the Policy shall be amended as follows:

This Policy does not apply to any "loss", however caused, arising, directly or indirectly, out of:
(1) War, including undeclared or civil war; or
(2) Warlike action by a military force, including action in hindering or defending against an actual or expected attack, by any government, sovereign or other authority using military personnel or other agents; or
(3) Insurrection, rebellion, revolution, usurped power, or action taken by governmental authority in hindering or defending against any of these.

All other terms, conditions, and exclusions of this policy remain unchanged.

By:  
Authorized Representative  
05/22/2008  
Issuance Date

Excess 4011 (05/06)