# ENDORSEMENT

This endorsement, effective 12:01 A.M. 5/21/85, forms a part of policy No. FE4001605 issued to International Business Machines Corp. by Landmark Insurance Co.

## PROFESSIONAL LIABILITY EXCLUSION

It is agreed that this policy shall not apply to liability arising out of the rendering of or failure to render professional services, or any error or omission, malpractice or mistake of a professional nature committed by or on behalf of the Named Insured in the conduct of any of the insured's business activities.

"It is agreed however that this Exclusion does not apply to claims resulting in Personal Injury or Property Damage"

**AUTHORIZED REPRESENTATIVE**