# Addendum to Policy No. WE1200211

**Named Insured:** INTERNATIONAL BUSINESS MACHINES COR and as more fully defined in the Risk Details and Declarations.

## Contract Changes

### Addendum Number: 1

It is hereby understood and agreed that, with effect from 21st May 2012, the Company has received and satisfactorily reviewed the Lead Underlying Policy, being G25915951 issued by ACE Property and Casualty Insurance Company, and Endorsement Number Three (Endorsement for Excess Following Form Policy issuance prior to issuance/receipt of the Lead Underlying Policy) is deleted in its entirety.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

## Agreement Parties

[Insert signature blocks]

Market Endorsement of Market Submission 04
Page 1 of 1
RD 13/06/12 01/E1 WE54/01