# ENDORSEMENT #8

This endorsement, effective 12:01 A.M. 05/21/86 forms a part of policy No. 552 8820 issued to International Business Machines by Lexington Insurance Company

## CONTRACTUAL LIABILITY

It is agreed that this policy shall not apply to any liability assumed by the "insured" under any contract or agreement unless such liability is covered by valid and collectible underlying insurance as described in Schedule of Underlying Insurance and then only for such hazards for which coverage is afforded under said underlying insurance.

AUTHORIZED REPRESENTATIVE

LEX-CME032 (Ed. 03/86)