# ENDORSEMENT 8

This endorsement, effective 12.01 A.M., May 21, 1977, forms a part of policy No. GC 550 18 52 issued to International Business Machines Corporation by Lexington Insurance Company.

## PUNITIVE DAMAGES

In consideration of the premium charged and notwithstanding anything in the underlying policies to the contrary, it is understood and agreed that such coverage as is afforded by this policy shall not apply to fines, penalties, punitive or exemplary damages, in whatever form assessed.

All other conditions remain the same.

6/16/77 pmr

Authorized Representative: