# ENDORSEMENT #0013

**THIS ENDORSEMENT, EFFECTIVE 12:01 A.M. MAY 21, 1993**

**FORMS A PART OF POLICY NO. BE 308-61-20**

**ISSUED TO:** INTERNATIONAL BUSINESS MACHINES CORPORATION

**BY:** NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA.

## 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 TO OR ARISING OUT OF ANY PROPERTY HELD BY OR IN THE CARE, CUSTODY OR CONTROL OF THE INSURED WHILE THE INSURED IS ACTING IN ANY FIDUCIARY CAPACITY;

**(B)** PROPERTY DAMAGE TO MONEY, CURRENCY, COIN, BANK NOTES, FEDERAL RESERVE NOTES, POSTAGE AND REVENUE STAMPS, U.S. SAVINGS STAMPS, BULLION, PRECIOUS METALS OF ALL KINDS, AND IN ANY FORM AND ARTICLES MADE FROM SUCH PRECIOUS METALS, JEWELRY, WATCHES, NECKLACES, BRACELETS, GEMS, PRECIOUS AND SEMI-PRECIOUS STONES, BONDS, SECURITIES, EVIDENCES OF DEBTS, DEBENTURES, SCRIPT, CERTIFICATES, RECEIPTS, WARRANTS, RIGHTS, TRANSFERS, COUPONS, DRAFTS, BILLS OF EXCHANGE, ACCEPTANCES, NOTES, CHECKS, WITHDRAWAL ORDERS, MONEY ORDERS, TRAVELERS CHECKS, 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 INSTRUMENTS SIMILAR TO OR IN THE NATURE OF THE FOREGOING;

**(C)** ANY DAMAGES ARISING OUT OF ANY ACT, ERROR, MISTAKE OR OMISSION OF ANY INSURED, ANY AGENT OR SUB-AGENT OF ANY INSURED WHILE ACTING IN ANY FIDUCIARY CAPACITY;

**(D)** ANY DAMAGES ASSUMED BY ANY INSURED OR AGENT OR SUB-AGENT OF ANY INSURED UNDER ANY INSURANCE BINDER OR ANY CONTRACT RELATING TO INSURANCE, SURETYSHIP OR REINSURANCE;

**(E)** ANY DAMAGES RESULTING FROM ANY ACT, ERROR, MISTAKE OR OMISSION COMMITTED OR ALLEGED TO HAVE BEEN COMMITTED BY ANY INSURED OR ANY PERSON FOR WHOM THE INSURED IS LEGALLY RESPONSIBLE AND ARISING OUT OF:

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**INSURED'S COPY**