# Coverage Territory Endorsement

**Endorsement No:** 2  
**This endorsement, effective:** May 21, 2016 (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:** IS0002927  
**Issued to:** International Business Machines Corporation  
**by:** Iron-Starr Excess Agency Ltd.

## COVERAGE TERRITORY ENDORSEMENT

In consideration of the premium charged, it is hereby understood and agreed that payment of Damages in respect of an Occurrence, Claim or 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").

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

**Authorized Representative**

Date of Issuance: July 18, 2016  
ISEABSF (09/13)  
2 2002 ISEABSF Coverage Territory Endt (09 13).doc