# ENDORSEMENT

**INSURED:** INTERNATIONAL BUSINESS MACHINES CORPORATION, ETAL  
**PRODUCER:**  
**THE EFFECTIVE DATE OF THIS ENDORSEMENT IS:** MAY 21, 1985  
**TYPE OF COVERAGE:**  
**POLICY OR CERTIFICATE NO.:** PI 33248  
**REFER NO.:**

## EXCLUSION OF CARE, CUSTODY AND CONTROL

IT IS UNDERSTOOD AND AGREED THAT THIS POLICY SHALL NOT APPLY TO PROPERTY DAMAGE TO:

(A) PROPERTY OWNED OR OCCUPIED BY OR RENTED TO ANY INSURED HEREUNDER  
(B) PROPERTY USED BY ANY INSURED HEREUNDER, OR  
(C) PROPERTY IN CARE, CUSTODY OR CONTROL OF ANY INSURED HEREUNDER OR AS TO WHICH ANY INSURED HEREUNDER IS FOR ANY PURPOSE EXERCISING PHYSICAL CONTROL.

IT IS FURTHER AGREED THAT THE UNDERLYING INSURANCE SCHEDULED IN THE DECLARATIONS HEREUNDER SHALL REMAIN IN FULL FORCE AND EFFECT AND SHALL NOT BE IMPAIRED BY ANY SUIT, CLAIM OR LOSS EXCLUDED BY THIS ENDORSEMENT.

**NOTICE:** THE INFORMATION 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**  
**NEW YORK, NEW YORK**  
**20TH JUNE, 1985**