# ENDORSEMENT

**INSURED:** INTERNATIONAL BUSINESS MACHINES CORPORATION, ETAL

**PRODUCER:** (Not specified)

**THE EFFECTIVE DATE OF THIS ENDORSEMENT IS:** MAY 21, 1985

**TYPE OF COVERAGE:** AMENDATORY ENDORSEMENT

**NEW YORK**

**(EXCESS UMBRELLA POLICY)**

**IT IS UNDERSTOOD AND AGREED THAT INSURING AGREEMENTS, ITEM 1. IS HEREBY AMENDED TO BE AS FOLLOWS:**

### 1. COVERAGE

THE COMPANY HEREBY AGREES, SUBJECT TO THE LIMITATIONS, TERMS AND CONDITIONS HEREINAFTER MENTIONED, TO PAY ON BEHALF OF THE INSURED ALL SUMS WHICH THE INSURED SHALL BE OBLIGATED TO PAY BY REASON OF THE LIABILITY

(A) IMPOSED UPON THE INSURED BY LAW;

OR (B) ASSUMED UNDER CONTRACT OR AGREEMENT BY THE NAMED INSURED AND/OR ANY OFFICER, DIRECTOR, STOCKHOLDER, PARTNER OR EMPLOYEE OF THE NAMED INSURED WHILE ACTING IN HIS CAPACITY AS SUCH,

FOR DAMAGES ON ACCOUNT OF:

(i) PERSONAL INJURIES, INCLUDING DEATH AT ANY TIME RESULTING THEREFROM;

(ii) PROPERTY DAMAGE;

(iii) ADVERTISING LIABILITY;

CAUSED BY OR ARISING OUT OF EACH OCCURRENCE HAPPENING ANYWHERE IN THE WORLD, DURING THE POLICY PERIOD AND ARISING OUT OF THE HAZARDS COVERED BY AND AS DEFINED IN THE UNDERLYING UMBRELLA POLICIES STATED IN ITEM 2 OF THE DECLARATIONS AND ISSUED BY CERTAIN INSURANCE COMPANIES, (HEREINAFTER CALLED THE "UNDERLYING UMBRELLA INSURERS").

(OVER)

NOTHING HEREIN CONTAINED SHALL BE HELD TO VARY, ALTER, WAIVE OR EXTEND ANY OF THE TERMS, CONDITIONS, OR LIMITATIONS OF THE POLICY TO WHICH THIS ENDORSEMENT IS ATTACHED OTHER THAN AS ABOVE STATED.

PACIFIC INSURANCE COMPANY

AT: NEW YORK, NEW YORK - 20TH JUNE, 1985
BY: AUTHORIZED REPRESENTATIVE