# ENDORSEMENT #0015

**THIS ENDORSEMENT EFFECTIVE 12:01 A.M. 05/21/91 FORMS A PART OF POLICY NO. 308-31-33 ISSUED TO INTERNATIONAL BUSINESS MACHINES CORP. BY NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA.**

## FINANCIAL INSTITUTIONS ENDORSEMENT

IN CONSIDERATION OF THE PREMIUM CHARGED AND NOTWITHSTANDING ANYTHING IN THIS POLICY TO THE CONTRARY, 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 THE OWNERSHIP, MAINTENANCE, OPERATION, USE, LOADING OR UNLOADING OF ANY AIRCRAFT OR WATERCRAFT IN WHICH THE INSURED HAS ANY FINANCIAL INTEREST;

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

**(C)** 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 THEREFROM, 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 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 INSTRUMENTS, AND OTHER VALUABLE PAPERS AND DOCUMENTS, AND ALL OTHER INSTRUMENTS SIMILAR TO OR IN THE NATURE OF THE FOREGOING;

**(D)** ANY LIABILITY ARISING OUT OF ANY ACT, ERROR, MISTAKE OR OMISSION OF ANY INSURED OR ANY AGENT OR SUB-AGENT OF ANY INSURED WHILE ACTING IN ANY FIDUCIARY CAPACITY.

**K. Sheapoli**  
AUTHORIZED REPRESENTATIVE

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**INSURED'S COPY**