# Aggregate Limits Amendatory Endorsement

**Endorsement No:** 5[FF-04]

**This endorsement, effective:** May 21, 2008 (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:** 1657401

**Issued to:** International Business Machines Corporation

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

## AGGREGATE LIMITS AMENDATORY ENDORSEMENT

It is hereby understood and agreed that paragraph A of Section II. Limits of Liability of this Policy is deleted in its entirety and replaced by the following:

A. Where an amount is shown for the aggregate limit of liability in Item 4 of the Declarations of this Policy, the amount stated shall apply separately with respect to a general aggregate limit of liability and a "products-completed operations hazard" aggregate limit of liability.

1. The general aggregate limit of liability is the most the Insurer will pay for all damages covered under this Policy with respect to coverage subject to an aggregate limit of liability in the Followed Policy, except for damages for bodily injury or property damage within the "products-completed operations hazard."

2. The "products-completed operations hazard" aggregate limit of liability is the most the Insurer will pay for all damages for bodily injury or property damage within the "products-completed operations hazard" that are covered under this Policy. "Products-completed operations hazard" shall have the same meaning as that term has in the Followed Policy.

All other terms and conditions of this Policy remain unchanged.

**Authorized Representative**

Date of Issuance: February 9, 2009

Manuscript: 5[FF04J08 Aggregate Limits Amendatory Endorsement]