# Aggregate Limit of Liability Amendatory Endorsement (Following Form Aggregate)

**Endorsement No:** 7[FF-04]

**This endorsement, effective:** May 21, 2009

(at 12:01 A.M. prevailing time at the address of the Named Insured as shown in item I(b) of the Declarations)

forms a part of Policy No: 21472589

**Issued to:** International Business Machines Corporation

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

## AGGREGATE LIMIT OF LIABILITY AMENDATORY ENDORSEMENT (FOLLOWING FORM AGGREGATE)

It is hereby understood and agreed that paragraph A of Section II. Limits of Liability, 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 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. However:

1. The aggregate limit of liability shall apply separately to each coverage subject to an aggregate limit of liability in the Followed Policy; and

2. Where the payment of amounts under a particular coverage is not subject to an aggregate limit of liability in the Followed Policy, the payment of amounts under such coverage by this Policy shall not reduce or exhaust the aggregate limit of liability under this Policy.

The other terms and conditions of this Policy remain unchanged.

**Authorized Representative**

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**Date of Issuance:** June 22, 2009

FF-04 597.01 (Ed 04/09)

7[FF04]09 Aggregate Limit of Liability Amendatory Endorsement (Following Form Aggregate)