# CHUBB EXCESS LIABILITY INSURANCE

## Endorsement

- **Policy Period**: MAY 21, 2016 To MAY 21, 2017
- **Effective Date**: May 21, 2016
- **Policy Number**: 7966-56-84
- **Insured**: INTERNATIONAL BUSINESS MACHINES CORPORATION
- **Name of Company**: FEDERAL INSURANCE COMPANY
- **Date Issued**: June 8, 2016

## Endorsement Compliance With Applicable Trade Sanctions

**THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT.**

The following condition is added to this policy:
Compliance With Applicable Trade Sanctions

This insurance does not apply to the extent that trade or economic sanctions or other laws or regulations prohibit us from providing insurance.

All other terms and conditions remain unchanged.

**Authorized Representative**
**Date**: June 8, 2016

**Compliance With Applicable Trade Sanctions**
**Form 07-02-1989 (Rev. 4/15) Endorsement**
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