# ENDORSEMENT # 2

## PROFESSIONAL LIABILITY EXCLUSION

This policy shall not apply to any claims or losses arising out of any breach or professional duty by reason of any negligent act, error or omission whenever or wherever committed or alleged to have been committed on the part of the insured or any person who has been, is now or may hereafter during the existence of this insurance be employed by the insured in the conduct of any business conducted by or behalf of the insured.

**Deleted and Replaced By Endorsement #8**

This endorsement to take effect on the 21st day of May, 1978. All other terms and conditions remain unchanged.

Attached to and forming part of Policy No. 925921 of FIRST STATE INSURANCE COMPANY.

Issued to: International Business Machines, Inc.

5/25/78 az

The company located these documents in its business records. At this time, the company does not certify that these documents constitute a complete and accurate copy of the policy.