# Endorsement #4

**This Endorsement, Effective 12:01 A.M.**
**MAY 21, 1999**
**Forms A Part Of**

**Policy Number:** BE 701 41 56
**Issued To:** International Business Machines Corporation
**By:** National Union Fire Insurance Company of Pittsburgh, PA.

## Satellite Exclusion 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 **Personal Injury or Property Damage arising out of the ownership, operation, maintenance or use of any satellite subsequent to launch and thereafter.**

ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED.