**GREAT AMERICAN INSURANCE COMPANIES**

Subsidiaries of American Financial Corporation

580 WALNUT STREET, CINCINNATI, OHIO 45202

**GA1 6005 (Ed. 02 89)**

**THE PROTECTOR**

**CATASTROPHE LIABILITY POLICY**

**NAMED INSURED**

It is agreed that the Named Insured is the following:

INTERNATIONAL BUSINESS MACHINES CORPORATION, IBM WORLD TRADE CORPORATION,
IBM WORLD TRADE EUROPE/MIDDLE EAST/AFRICA CORPORATION, IBM WORLD TRADE
AMERICAS/FAR EAST CORPORATION, IBM CREDIT CORPORATION AND AS PER UNDERLYING
INSURANCE.

**ENDORSEMENT NO. 1**

GA1 6005 (Ed. 02/89) PRO
(Page 1 of 1)