**Insured:** International Business Machines Corporation  
**Policy No.:** BM00029768LI16A  
**Endorsement No.:** 6  
**Effective Date:** May 21, 2016

**SCHEDULE OF EXCESS POLICY(IES)**

**(THIS ENDORSEMENT CANCELS AND REPLACES ENDORSEMENT NO. 1 DATED JULY 18, 2016)**

| Punitive Wrap Policy | QBE Insurance (Europe) Limited |
|---------------------|--------------------------------|
| May 21, 2016 - May 21, 2017 | USD 25,000,000 part of 200,000,000 |

The terms, declarations, insuring agreements, definitions, exclusions and conditions of this Policy otherwise remain unchanged.

**XL INSURANCE (BERMUDA) LTD**

By: **Authorized Representative**

Date: **August 30, 2016**

Ref: XSBSF03-001.01  
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