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**Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION  
**Policy No:** XLUMB-00704  
**Endorsement No:** 7  
**Effective Date:** MAY 21, 1993

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**SPECIAL RISKS MULTIPLE RETENTION ENDORSEMENT**

Solely for the purposes of this Endorsement, the following definition shall apply:

**Aviation Products Liability**

"Aviation Products Liability" means liability or alleged liability for matters within clauses (1) through (6) of the proviso to Exclusion IV (i).

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**X.L. INSURANCE COMPANY, LTD.**

By: **LYLE MCCOY**

Title: **VICE PRESIDENT**

Date: **DECEMBER 17, 1996**

Ref: **XS4-080.01**

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