**Policy Number:** KA 0000410  
**Effective Date:** 5-21-94

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

**Endt. No.:** 11  

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

This endorsement modifies insurance provided under the following:
- EXCESS LIABILITY

It is agreed that Form XL-430-2 as respects Item 2 B. (2) shall be amended in part to read as follows:

Reference to "15 days" is amended to read "sixty (60) days" except for non-payment of premium.

It is further agreed that Form XL-430-2 as respects Item 3. Non-Renewal shall be amended in part to read as follows:

Reference to "thirty (30) days" is amended to read "sixty (60) days".

This endorsement does not change the policy except as shown.

Form L-5040-0 (Ed. 4-86) Printed in U.S.A. (NS)