# Zurich American

**Endorsement**

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

| POLICY NO. | EFF. DATE OF POL. | EFF. DATE OF POL. | EFF. DATE OF END. | AGENCY NO. | ADDL. PREM. | RETURN PREM. |
|------------|-------------------|-------------------|-------------------|------------|-------------|-------------|
| GLC6347665-C1 |                |                |                |            |             |             |

**Named Insured:** INTERNATIONAL BUSINESS MACHINE CORP.

**Address (including ZIP Code):**

This endorsement modifies insurance provided by the following:

**COMMERCIAL GENERAL LIABILITY**

IT IS HEREBY AGREED THAT EMPLOYEE BENEFITS LIABILITY FORM U-GL-264 A, EXCLUSION E, IS DELETED AND REPLACED BY:

"TO ANY CLAIM BASED UPON ADVICE GIVEN BY AN INSURED TO PARTICIPATE OR NOT TO PARTICIPATE IN STOCK SUBSCRIPTION PLANS."

**Countersigned:**

Authorized Representative

U-GL-11J-B CW (4-89)

Z 006769