# NAMED INSURED ENDORSEMENT

| Named Insured | International Business Machines Corporation |
|---------------|-------------------------------------------|
| Policy Symbol  | XOO                                        |
| Policy Number | G27380037                                 |
| Policy Period | 05/21/2014 to 05/21/2015                  |
| Endorsement Number | 10                                         |
| Effective Date of Endorsement | 05/21/2014                               |
| 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:

- EXCESS LIABILITY CATASTROPHE POLICY
- EXCESS LIABILITY POLICY
- COMMERCIAL UMBRELLA LIABILITY POLICY

It is hereby understood and agreed that the following persons and organizations are added to the Declarations as Named Insureds:

- IBM Club

Authorized Agent

XS-24545 (03/2008)
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