# CANCELLATION CONDITION AMENDMENT ENDORSEMENT

| Named Insured | International Business Machines Corporation |
|---------------|-------------------------------------------|
| Endorsement Number | 33 |
| Policy Symbol | XOO |
| Policy Number | G24895944 |
| Policy Period | 05/21/2009 - 05/21/2010 |
| Effective Date of Endorsement | 05/21/2009 |
| Issued By (Name of Insurance Company) | ACE Property and Casualty Insurance Company |

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

This endorsement modifies insurance provided under the following:

**COMMERCIAL UMBRELLA LIABILITY POLICY**

**Section VI. CONDITIONS, part D. Cancellation is deleted and replaced with the following:**

This policy may be cancelled by the first Named "Insured" by mailing to us written notice stating when such cancellation shall be effective.

This policy may be cancelled by us by mailing to the first Named "Insured" at your last known address, written notice stating when, not less than ninety (90) days thereafter, ten (10) days if cancellation is for non-payment of any unpaid portion of the premium, such cancellation shall be effective. The mailing of notice shall be sufficient proof of notice. The effective date and hour of cancellation stated in the notice shall be the end of the policy period.

If you cancel, earned premium will be computed on a pro-rata basis. If we cancel, earned premium shall be computed pro-rata. Premium adjustment may be made at the time cancellation become effective. our check or the check of our representative mailed to you shall be sufficient proof of any refund or premium due you.

All other terms and conditions of this policy remain unchanged.

**Authorized Agent**

**CLASS CODE 2-13000**
NOTICE: THESE POLICY FORMS AND THE APPLICABLE RATES ARE EXEMPT FROM THE FILING REQUIREMENTS OF THE NEW YORK STATE INSURANCE DEPARTMENT. HOWEVER SUCH FORMS AND RATES MUST MEET THE MINIMUM STANDARDS OF THE NEW YORK INSURANCE LAW AND REGULATIONS.