# Endorsement #7

**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.

## Non-Cumulation of Limits Endorsement

In consideration of the premium charged, it is agreed that regardless of the number of Insureds under this policy and policy number 1525852, the total Limit of Liability to the Company shall be $50,000,000 each occurrence and $50,000,000 Annual Aggregate, and the two policies combined shall not operate to increase the limit of liability as shown in the Declarations Page of this policy.

ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED.

**NOTICE:** THESE POLICY FORMS AND THE APPLICATION THEREFOR 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**