**Endorsement No:** 3

**This endorsement, effective:** May 21, 2012 (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:** ISO000881

**Issued to:** International Business Machines Corporation Iron-Starr Excess Agency Ltd.

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**COVERAGE TERRITORY ENDORSEMENT**

In consideration of the premium charged, it is hereby understood and agreed that payment of Loss under this Policy shall only be made in full compliance with all United States of America economic or trade sanction laws or regulations, including, but not limited to, sanctions, laws and regulations administered and enforced by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC").

All other terms, conditions, limitations and exclusions of this Policy remain unchanged.

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**Date of Issuance:** June 14, 2012

**ISEA [06/10]**

**3 ISEA/BF Coverage Territory Endorsement.doc**