# ENDORSEMENT #7

This endorsement, effective May 21, 2013 (at 12:01 a.m. Prevailing Time at the address shown in Item 1 of the Declarations)

forms a part of Policy No. 60703940 issued to International Business Machines Corporation by American International Reinsurance Company, Ltd.

## PERSONAL AND ADVERTISING LIABILITY EXCLUSION - ELECTRONICALLY STORED DATA

It is hereby understood and agreed that this Policy is amended with the addition of the following Section:

### 8. ADDITIONAL EXCLUSION

Notwithstanding any other language in this Policy, this insurance does not apply to any Personal Injury and Advertising Injury arising out of any material that allegedly or actually violates a person’s right of privacy when the material was obtained through the unauthorized access to electronically stored data, whether stored by the Insured or on its behalf.

For the purpose of this endorsement the terms Personal Injury and Advertising Injury shall have the same definitions as in the Followed Policy.

All other terms, conditions and exclusions remain unchanged.

**AUTHORIZED REPRESENTATIVE**

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