**Endorsement**

| Policy No. | Eff. Date of Pol. | Exp. Date of Pol. | Eff. Date of End. | Agency No. | Add'l Premium | Return Premium |
|------------|-------------------|-------------------|--------------------|------------|---------------|----------------|
| 32-7A-67-10 | 5-21-16           | 5-21-16           | 1-30-16            | 50-515-810 | $               | $               |

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP., IBM.

**Address (including Zip Code):** White Plains, NY 10504

This endorsement is issued by the company designated in the Declarations which is the insurer under the above numbered policy issued to the Named Insured and forms a part of said policy as of the effective date hereof, at the hour stated in the policy Declarations.

**This endorsement changes such insurance as is afforded by provisions of the policy relating to the following:**

**EMPLOYEE BENEFITS-LIABILITY ENDORSEMENT IS APPLIED TO STATE:**

**IV. POLICY PERIOD AND TERRITORY:** THIS INSURANCE APPLIES ONLY TO CLAIMS BROUGHT AGAINST THE NAMED INSURED DURING THE POLICY PERIOD WITHIN THE UNITED STATES OF AMERICA, ITS TERRITORIES OR POSSESSIONS OF CANADA, RESULTING FROM NEGLIGENT ACTS, ERRORS OR OMISSIONS IN THE ADMINISTRATION OF EMPLOYEE BENEFITS.

**FOR THE PURPOSE OF THIS ENDORSEMENT, WRITTEN NOTICE OF AN ALLEGED NEGLIGENT ACT, ERROR OR OMISSION DURING THE POLICY PERIOD IS THE SAME AS A WRITTEN NOTICE OF CLAIM DURING THE POLICY PERIOD.**

**IT IS FURTHER AGREED THAT AN EXTENDED REPORTING PERIOD OF UNLIMITED DURATION IS ADDED TO THIS POLICY.**

**THE EXTENDED REPORTING PERIOD APPLIES ONLY TO CLAIMS FOR EMPLOYEE BENEFITS-LIABILITY COVERAGE THAT ARISE OUT OF A NEGLIGENT ACT, ERROR OR OMISSION THAT OCCURRED BEFORE THE END OF THE POLICY PERIOD.**

**CLAIMS FOR SUCH INJURY WHICH ARE BROUGHT AGAINST THE NAMED INSURED DURING THIS EXTENDED REPORTING PERIOD WILL BE DEEMED TO HAVE BEEN MADE ON THE LAST DAY OF THE POLICY PERIOD.**

**THE EXTENDED REPORTING PERIOD DOES NOT APPLY TO CLAIMS THAT ARE COVERED UNDER ANY OTHER VALID AND COLLECTIBLE INSURANCE OR WOULD BE COVERED BUT FOR THE EXHAUSTION OF THE LIMITS OF LIABILITY APPLICABLE TO SUCH CLAIMS.**

**Countersigned:**

**Authorized Representative:** # 56

**U-GL-113-A (7-81 ed)**