# Economic or Trade Sanctions Endorsement

**Named Insured:** International Business Machines Corporation  
**Policy Number:** ECA1KFW14A0W  
**Endorsement No.:** 5  
**Effective Date:** May 21, 2014  

## Economic or Trade Sanctions Endorsement

It is hereby understood and agreed that if coverage provided by this Policy is in violation of any United States of America economic or trade sanctions, including but not limited to, sanctions administered and enforced by the United States Treasury Department's Office of Foreign Assets Control ("OFAC"), then such coverage will be null or void.

All other terms and conditions of this Policy remain unchanged.

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**Aspen Bermuda Limited**

By: **Tim Proctor**  
Title: **Senior Vice President**  
Date: **July 14, 2014**