# Endorsement # 4

**This Endorsement, Effective:** 12:01 A.M.
**MAY 21, 2000**
**Forms A Part Of**

**Policy Number:** BE 739 47 27
**Issued To:** International Business Machines Corporation

**By:** National Union Fire Insurance Company of Pittsburgh, PA.

## Satellite Exclusion Endorsement

In consideration of the premium paid, it is understood and agreed that such coverage as is afforded by this policy, shall not apply to **Personal Injury or Property Damage arising out of the ownership, operation, maintenance or use of any satellite subsequent to launch and thereafter.**

ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED.

---

**NOTICE:** THESE POLICY FORMS AND THE APPLICABLE RATES ARE EXEMPT FROM THE FILING REQUIREMENTS OF THE NEW YORK STATE INSURANCE DEPARTMENT. HOWEVER, SUCH FORMS AND RATES MUST MEET THE MINIMUM STANDARDS OF THE NEW YORK INSURANCE DEPARTMENT.

---

**Authorized Representative**  
**Date**