# Endorsement

**THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.**

| POLICY NO. | EFF. DATE OF POL. | EFF. DATE OF POL. | EFF. DATE OF END. | AGENCY NO. | ADD'L PREM. | RETURN PREM. |
|------------|-------------------|--------------------|-------------------|------------|-------------|--------------|
| GL06347805-01 |  |  |  |  |  |  |

**Named Insured:** INTERNATIONAL BUSINESS MACHINE CORP.

**Address (including ZIP Code):** [Not provided]

**This endorsement modifies insurance provided by the following:**

**COMMERCIAL GENERAL LIABILITY**

**WORLDWIDE PRODUCTS AND EMPLOYEES ON U.S. PAYROLL COVERAGE - CONTINUED**

**B) IN THE EVENT THAT ANY SUCH CLAIM OR SUIT IS SETTLED OR COMPROMISED WITH THE CONSENT OF THE COMPANY, THE COMPANY WILL REIMBURSE THE INSURED FOR THE AMOUNT OF SUCH SETTLEMENT IS THE LIMITS OF THE COMPANY'S LIABILITY UNDER THE POLICY, INCLUDING THE EXPENSES INCURRED BY THE INSURED IN THE INVESTIGATIONS, NEGOTIATIONS AND SETTLEMENTS OR ANY SUCH CLAIM OR SUIT.**

**2. AS RESPECTS PRODUCT AND COMPLETED OPERATIONS NO SETTLEMENT OF ANY CLAIM OR SUIT WITHIN THE SCOPE OF THIS INSURANCE WILL BE MADE BY THE INSURED WITHOUT THE CONSENT OF THE COMPANY. PROVIDED, HOWEVER, THAT THE COMPANY AGREES THAT SETTLEMENTS CAN BE MADE BY THE INSURED SUBJECT TO A MAXIMUM OF $5,000 INCLUDING THE COMPANY'S LIABILITY FOR ANY ONE ACCIDENT. HOWEVER, SUCH SETTLEMENT SHALL NOT PREJUDICE THE INSURED'S RIGHTS HEREUNDER IN THE EVENT THE SAID SETTLEMENT SHALL BE SET ASIDE OR HELD VOID.**

**AS RESPECTS EMPLOYEES OF U.S. PAYROLL, SECTIONS A AND B OF THIS ENDORSEMENT APPLY.**

**Countersigned:**

**Authorized Representative**

**U-GL-113-B CW (4-89)**

**Z 006751**