# Endorsement No: 7

**This endorsement, effective:** May 21, 2013 (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:** ISO0001324

**Issued to:** International Business Machines Corporation

**by:** Iron-Starr Excess Agency Ltd.

## SEVERAL LIABILITY FOR QUOTA SHARE ENDORSEMENT

In consideration of the premium charged, it is hereby understood and agreed that the Company's liability for Damages under this Policy is solely for its proportionate or quota share of the applicable limits of liability as set forth in Item 5. Limit of Liability, of the Declarations. Further, the Company's liability is several and not joint, and, in no event shall the Company be liable for the proportionate or quota share participation of any other insurer or entity participating in the same layer of coverage as this Policy.

All other terms, conditions, limitations and exclusions of this Policy remain unchanged.

**Date of Issuance:** July 16, 2013

ISEABSF [06/12]

7 2007 ISEABSF Several liability for Quota Share Endt [06 12].docx