# Limits of Liability Endorsement

The insurance afforded hereunder is concurrent with other insurance issued by the Company to "International Business Machines Company, Limited (Canada)" under policy #HEC 9557819.

In consideration of the reduced premium charged, it is agreed that the total liability of the company under both this policy and policy #HEC 9557819 shall not exceed $1,000,000.00 with respect to any one occurrence or in the aggregate where applicable.

All other terms and conditions of this policy remain unchanged.