# CANOPIUS Bermuda

**Endorsement No:** 007

**This endorsement effective:** May 21, 2012 (at 12:01AM prevailing time at the address of the Named Insured as shown in Item 1(b) of the Declarations)

**Forms a part of Policy No:** IBM-260/CUBLBSF02-12

**Issued to:** International Business Machines Corporation

**By:** Canopius Underwriting Bermuda Limited

**(d)** The Insured shall not settle any claim or suit for an amount within the Company's limit of liability without the Company's prior written consent.

Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, conditions, exclusions or limitations of the Policy referenced above, except as expressly stated herein.

**June 25, 2012**
**Date of Issue**

**Jeremy J. Wright, VP**

Ref: BSF02-CUBL067-06-12
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