**Insured:** International Business Machines Corporation  
**Policy No.:** BM00026949LI13A  
**Endorsement No.:** 1  
**Effective Date:** May 21, 2013  

**SCHEDULE OF UNDERLYING POLICIES**

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

**XL INSURANCE (BERMUDA) LTD**

By: **Jessica Hawkins**  
**Authorised Representative**

Date: June 18, 2013

Ref.: XSBSF-001.02

**XL**