# Cancellation Clause Amendatory Endorsement (Credit Rating Trigger)

**Endorsement No:** 6[FF-04]

**This endorsement, effective:** May 21, 2009

(at 12:01 A.M. prevailing time at the address of the Named Insured as shown in item 1(b) of the Declarations)

forms a part of Policy No: 21472589

**Issued to:** International Business Machines Corporation

**by:** AIG Excess Liability Insurance International Limited

## CANCELLATION CLAUSE AMENDATORY ENDORSEMENT (CREDIT RATING TRIGGER)

It is hereby understood and agreed that Condition C. Cancellation Clause of Section VI of this Policy is amended by adding the following paragraph to the end thereof:

Notwithstanding the foregoing, in the event that a financial strength rating is issued (1) below A- by A.M. Best Co., or (2) below BBB by Standard & Poor's Ratings Services, for the Insurer (hereinafter “Credit Rating Downgrade”), this Policy may be canceled by the first Named Insured, by mailing or delivering to the Insurer at the address set forth in Item 8(b) of the Declarations, advance written prior notice of cancellation. In the event the first Named Insured cancels this Policy effective not more than thirty (30) days after the Credit Rating Downgrade, the Insurer shall return the unearned portion of the premium calculated on a pro rata basis.

The other terms and conditions of this Policy remain unchanged.

**Authorized Representative**

Date of Issuance: June 22, 2009

FF-04 593.01 (Ed. 9/08)

6[FF04]09 Cancellation Clause Amendatory Endorsement