**Policy Number:** KA 0000245

**Effective Date:** 5-21-93

**Named Insured and Address:**
INTERNATIONAL BUSINESS MACHINES CORPORATION
CORPORATE HEADQUARTERS
ARMONK, NEW YORK 10504

**Endt. No.:** 7

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

**EMPLOYEE RETIREMENT INCOME SECURITY ACT LIABILITY EXCLUSION ENDORSEMENT (EXCESS LIABILITY POLICY)**

It is agreed that the insurance does not apply with respect to any liability arising out of intentional or unintentional violation of any provision of the Employee Retirement Income Security Act of 1974, Public Law 93-406 (commonly referred to as the Revision Reform Act of 1974), or any amendments to them.

**Form L-5145-1 (Ed. 06/90) Printed in U.S.A. (NS)**

Copyright Hartford Fire Insurance Company, 1990