**Endorsement No:** 5

**This endorsement, effective:** May 21, 2009 (at 12:01 A.M. prevailing time at the address of the Named Insured as shown in item I (b) of the Declarations)

**forms a part of Policy No:** P000466 007

**Issued to:** International Business Machines Corporation

**by:** Endurance Specialty Insurance Ltd.

**AMENDMENT OF ESIL BSF-01 FORM ENDORSEMENT, Continued**

Payment or tender of any unearned premium by the Company shall not be a condition precedent to the effectiveness of cancellation but such payment shall be made as soon as practicable.

All other terms and conditions of this Policy remain unchanged.

**Authorized Representative**

Date of Issuance:
625 BSF-01 (Ed. 08/08)
5_625_09

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