# INTERNATIONAL BUSINESS MACHINES CORPORATION

## 6. RESTRICTIVE AS UNDERLYING

Notwithstanding the terms, conditions and exclusions or limitations of this Policy, if any Underlying Policy(ies) with limits of liability in excess of the Followed Policy but underlying to this Policy (the Intervening Policy(ies)) contains warranties, terms, conditions, exclusions or limitations more restrictive than this Policy or the Followed Policy, whether on the effective date of this Policy or at any time during the Policy Period of this Policy, then this Policy shall be deemed to follow those more restrictive warranties, terms, conditions, exclusions or limitations of the Intervening Policy(ies).

XL XS-BSF-01 (Ed. 02/09)
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