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

## ENDORSEMENT #7

This endorsement, effective 12:01 A.M. May 21, 2010

forms a part of Policy No. 25413435 issued to International Business Machines Corporation by Chartis Excess Limited

## COVERAGE TERRITORY ENDORSEMENT

This endorsement modifies insurance provided under the following:

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").

**AUTHORIZED REPRESENTATIVE**

89644 (7/05)