# ENDORSEMENT NO. 4

**This endorsement, effective 12:01 A.M., MAY 21, 1978**

**forms a part of policy No. 551-28-81 issued to INTERNATIONAL BUSINESS MACHINES by LEXINGTON INSURANCE COMPANY**

## PUNITIVE DAMAGES AMENDATORY ENDORSEMENT

In consideration of the premium charged, it is hereby warranted by the Insured that none of the policies listed in the Schedule of Underlying Insurance contain any exclusion(s) of any fines, penalties, punitive or exemplary damages.

It is further agreed that should any policy listed in the Schedule of Underlying Insurance or any renewal or replacement thereof be amended to exclude or contain any exclusion for any fines, penalties, punitive or exemplary damages, then such coverage as is afforded by this policy shall automatically exclude any fines, penalties, punitive or exemplary damages.

All other terms and conditions remain unchanged.