# ENDORSEMENT No. 28

This endorsement, effective 12:01 AM: May 21, 2008

Forms a part of policy no: 5443148

Issued to: INTERNATIONAL BUSINESS MACHINES CORPORATION

By: NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA.

**Commercial Umbrella Liability Policy with CrisisResponse®**

**Non-Pyramiding of Limits Endorsement**

This policy is amended as follows:

The DECLARATIONS, ITEM 3. LIMITS OF INSURANCE is amended to include the following:

If damages covered by this policy are also covered in whole or part by Policy Number BEAH9897517, our total Limits of Insurance under both policies combined shall be:

- $50,000,000 Each Occurrence
- $50,000,000 General Aggregate (in accordance with Section IV. Limits Insurance.)
- $50,000,000 Products-Completed Operations Aggregate (in accordance with Section IV. Limits of Insurance.)

All other terms, definitions, conditions, and exclusions of this policy remain unchanged.

**NOTICE:** THESE POLICY FORMS AND THE APPLICABLE RATES ARE EXEMPT FROM THE FILING REQUIREMENTS OF THE NEW YORK STATE INSURANCE DEPARTMENT. HOWEVER, SUCH FORMS AND RATES MUST MEET THE MINIMUM STANDARDS OF THE NEW YORK INSURANCE LAW AND REGULATIONS.

Authorized Representative
or Countersignature (in States Where Applicable)
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This document outlines an endorsement to a commercial umbrella liability policy issued by National Union Fire Insurance Company of Pittsburgh, PA. The endorsement amends the limits of insurance for the policy, specifying that if damages covered by this policy are also covered by another policy (Policy Number BEAH9897517), the total limits of insurance under both policies combined will be $50,000,000 each for "Each Occurrence," "General Aggregate," and "Products-Completed Operations Aggregate." The notice at the bottom indicates that the policy forms and rates are exempt from filing requirements in New York but must meet minimum standards set by the New York Insurance Law and Regulations.