# NON-PYRAMIDING OF LIMITS ENDORSEMENT

| Named Insured | Endorsement Number |
|---------------|--------------------|
| International Business Machines Corporation |  |

| Policy Symbol | Policy Number | Policy Period | Effective Date of Endorsement |
|--------------|---------------|---------------|-------------------------------|
| XOO          |               |               |                               |

Issued By (Name of Insurance Company): **ACE Property and Casualty Insurance Company**

**THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY**

This endorsement modifies insurance provided under the following:

**COMMERCIAL UMBRELLA LIABILITY POLICY**

It is agreed that any claim or "suit" arising out of an "occurrence", "bodily injury", "property damage" or "personal or advertising injury" that is covered by this policy is excluded under Policy Number (XBC TBD). The total limits of Insurance under both policies combined shall be:

- $50,000,000 Each Occurrence
- $50,000,000 General Aggregate
- $50,000,000 Products-Completed Operations Aggregate

All other terms and conditions of this policy remain unchanged.

PDF created with pdfFactory Pro trial version [www.pdffactory.com](http://www.pdffactory.com)