**Endorsement No:** 007

**This endorsement effective:** May 21, 2013 (at 12:01AM prevailing time at the address of the Named Insured as shown in Item 1(b) of the Declarations)

**Forms a part of Policy No:** IBM-341/CUBLBSF02-13

**Issued to:** International Business Machines Corporation

**By:** Canopius Underwriting Bermuda Limited

**(d) The Insured shall not settle any claim or suit for an amount within the Company's limit of liability without the Company's prior written consent.**

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**Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, conditions, exclusions or limitations of the Policy referenced above, except as expressly stated herein.**

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**July 15, 2013**

**Date of Issue**

**Ref:** BSF02-CUBL067-06-12

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