# ENDORSEMENT #0013

**THIS ENDORSEMENT EFFECTIVE 12:01 A.M. 05/21/90**

**FORMS A PART OF**

**POLICY NO. 194-50-64 ISSUED TO INTERNATIONAL BUSINESS MACHINES CORP.**

**BY AMERICAN HOME ASSURANCE COMPANY**

## INSURANCE COMPANY 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:**

**(a) PERSONAL INJURY OR PROPERTY DAMAGE ARISING OUT OF ANY PROPERTY HELD IN THE CARE, CUSTODY, OR CONTROL OF THE INSURED WHILE THE INSURED IS ACTING IN ANY FIDUCIARY CAPACITY;**

**(b) PROPERTY DAMAGE TO MONEY, CURRENCY, COINS, BANK NOTES, POSTAGE, AND REVENUE STAMPS, U.S. SAVINGS STAMPS, BULLION, PRECIOUS METALS OF ALL KINDS AND ANY FORM AND ARTICLES MADE THEREFROM, JEWELRY, WATCHES, NECKLACES, BRACELETS, GEMS, PRECIOUS AND SEMI-PRECIOUS STONES, BONDS, SECURITIES, EVIDENCES OF DEBTS DEBENTURES, SCRIPT CERTIFICATES, RECEIPT, WARRANTS, RIGHTS, TRANSFERS, COUPONS, DRAFTS, BILLS OF EXCHANGE, ACCEPTANCES, NOTES CHECKS, WITHDRAWALS ORDERS, MONEY ORDERS, TRAVELERS LETTERS OF CREDIT, BILLS OF LADING, ABSTRACTS OF TITLE, INSURANCE POLICIES, DEEDS, MORTGAGES UPON REAL ESTATE AND/OR UPON CHATTELS AND UPON INTERESTS THEREIN, AND ASSIGNMENTS OF SUCH POLICIES, MORTGAGES AND INSTRUMENT AND OTHER VALUABLE PAPERS AND DOCUMENTS, AND ALL OTHER INSTRUMENTS SIMILAR TO OR THE NATURE OF THE FOREGOING:**

**(c) ANY LIABILITY ARISING OUT OF ANY ACT, ERROR, MISTAKE OR OMISSION OF ANY INSURED ANY AGENT OR SUB-AGENT OF ANY INSURED WHILE ACTIONG IN A FIDUCIARY CAPACITY;**

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**AUTHORIZED REPRESENTATIVE**

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