# ENDORSEMENT

This endorsement, effective 12:01AM: 05/21/2023  
Forms a part of Policy No.: 47-XSF-100238-10  
Issued to: International Business Machines Corp.  
By: Berkshire Hathaway Specialty Insurance Company

## ECONOMIC OR TRADE SANCTIONS EXCLUSION

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

This endorsement modifies insurance provided under the following:

**FOLLOW FORM EXCESS LIABILITY POLICY**

The following is added to the policy and supersedes anything to the contrary:

No coverage is provided under this Policy if that coverage is subject to any trade or economic sanctions or embargo or where coverage in a country or jurisdiction is otherwise prohibited by law.

All other terms and conditions of this policy remain unchanged.