# CHUBB EXCESS LIABILITY INSURANCE

## Endorsement

**Policy Period:** MAY 21, 2016 To MAY 21, 2017  
**Effective Date:** May 21, 2016  
**Policy Number:** 7966-56-84  
**Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION  
**Name of Company:** FEDERAL INSURANCE COMPANY  
**Date Issued:** June 8, 2016  

## Endorsement Asbestos Exclusion

**THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT.**

The following exclusion is added to this policy:

A. This insurance does not apply to any liability or loss, cost or expense arising out of the actual, alleged or threatened contaminative, pathogenic, toxic or other hazardous properties of asbestos.

B. This insurance does not apply to any liability or loss, cost or expense arising out of any:
1. request, demand, order or regulatory or statutory requirement that any insured or others test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effects of asbestos; or
2. claim or proceeding by or on behalf of a governmental authority or others for any damages, loss, cost or expense because of testing for, monitoring, cleaning up, removing, containing, treating, detoxifying or neutralizing, or in any way responding to, or assessing the effects of asbestos.

## Endorsement Definitions

As used in this exclusion, asbestos means asbestos in any form, including its presence or use in any alloy, by-product, compound or other material or waste. Waste includes material to be recycled, reconditioned or reclaimed.

All other terms and conditions remain unchanged.

## Authorized Representative

**Date:** June 8, 2016

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**Asbestos Exclusion**  
Form 07-02-2248 (Rev. 4/15) Endorsement  
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