**Policy Number:** KA 0000561  
**Effective Date:** 5/21/97  

**Named Insured and Address:** INTERNATIONAL BUSINESS MACHINE CORP. ET AL  
OLD ORCHARD ROAD  
ARMONK, NEW YORK 10504  

**Endt. No.:** 12  

**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 RESPECT ITEM 2 B. (2) SHALL BE AMENDED TO READ IN PART TO READ AS FOLLOWS:

REFERENCE TO "15 DAYS" IS AMENDED TO READ "SIXTY (60) DAYS" EXCEPT FOR NON-PAYMENT OF PREMIUM.

This endorsement does not change the policy except as shown.

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