# EXCESS LIABILITY POLICY

## CHANGE ENDORSEMENT - NUMBER 1

**POLICY NUMBER:** XOM-000-9521-3203  
**SURED:** INTERNATIONAL BUSINESS MACHINES CORPORATION, IBM WORLD TRADE CORPORATION, IBM WORLD TRADE EUROPE/ MIDDLE EAST/

The schedule of Underlying Insurance is changed as follows:

**ITEM 12**
**Policy No:** 7908-98-97 (95)

The following endorsement is added:

**100002**
**AMEND SCHEDULE OF QUOTA SHARE INSURANCE**

All Other Terms & Conditions of the policy remain unchanged  
One of the Fireman's Fund Insurance Companies as named in the policy

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