# Starr Excess Liability Insurance International Limited

**Endorsement No:** 8 [FFOC]

**This endorsement, effective:** May 21, 1998 (at 12:01 A.M. prevailing time at the address of the Named Insured as shown in item 1(b) of the Declarations)

**forms a part of Policy No:** 400000

**Issued to:** International Business Machines Corporation

**by:** Starr Excess Liability Insurance International Limited

## PER OCCURRENCE RETENTION ENDORSEMENT

In consideration of the premium charged, as respects the items listed below, it is hereby agreed that Declarations Item 5. is amended as follows:

- **Punitive Damages as addressed in Choice of Law (item 2 of Endorsement #2):** US$ 50,000,000 per occurrence

All other terms and conditions of this Policy remain unchanged.

**Date of Issuance:** January 7, 1999

**FFOC 453.01 IBM 8**

**Authorized Representative:**