(The Attaching Clause need be completed only when this endorsement is issued subsequent to preparation of the policy.)
GU 207
(6-78)

**ENDORSEMENT**

This endorsement, effective on 5/21/97 at 12:01 A.M. standard time, forms a part of Policy No. NEA0109021 of the RELIANCE INSURANCE COMPANY Issued to IBM CORPORATION

**Schedule**

| ELOOP03400 | QUICK REFERENCE COMMERCIAL EXCESS POLICY |
|-------------|------------------------------------------|
| ELOOP07000 | POLLUTION EXCLUSION WITH EXCEPTION FOR LIMITED HOSTILE FIRE |
| ELOOP14100 | CANCELLATION NONRENEWAL AMENDATORY ENDORSEMENT |
| EL31P13900 | TRANSFER OF DUTIES WHEN A LIMIT OF INSURANCE IS ERODED |
| EL31P13800 | NEW YORK CANCELLATION ENDORSEMENT |
| ELOOP13200 | COMMERCIAL EXCESS LIABILITY AMENDATORY ENDORSEMENT |
| ELOOP07400 | SECURITIES EXCLUSION ENDORSEMENT |

**Notice:** THESE POLICY FORMS AND THE APPLICABLE RATES ARE EXEMPT FROM THE FILING REQUIREMENTS OF THE NEW YORK STATE INSURANCE DEPARTMENT. HOWEVER, SUCH FORMS AND RATES MUST MEET THE MINIMUM STANDARDS OF THE NEW YORK INSURANCE LAW AND REGULATIONS.

GU 207 (6-78)
2-13000