# Definition of Key Executive Amendatory Endorsement

| Named Insured | International Business Machines Corporation |
|---------------|-------------------------------------------|
| Endorsement Number | 31 |
| Policy Symbol | XOO |
| Policy Number | G27380037 |
| Policy Period | 05/21/2014 to 05/21/2015 |
| 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:

**COMMERCIAL UMBRELLA LIABILITY POLICY**

The definition of "Key Executive" in the Catastrophe Management Coverage Endorsement is amended to include the following:

Director of Corporate Communications

All other terms and conditions of the policy remain unchanged.

Authorized Representative

MS-21296 (04/13) © 2013 Page 1 of 1