# Endorsement No: 1

**This endorsement, effective:** May 21, 2016 (at 12:01 A.M. prevailing time at the address of the Named Insured as shown in Item 1(b) of the Declarations)

**forms a part of Policy No:** IS0002927

**Issued to:** International Business Machines Corporation

**by:** Iron-Starr Excess Agency Ltd.

## SCHEDULE OF EXCESS POLICIES

| Underlying Insurers | Limits of Liability |
|---------------------|---------------------|
| **Policy Period**   |                    |
| **Section I - Schedule of Underlying Policies:** |

1. **ACE Property and Casualty Insurance Company**
   - **May 21, 2016 – May 21, 2017**
   - **USD 50,000,000 Each Occurrence**
   - **USD 50,000,000 General Aggregate**
   - **USD 50,000,000 Products Completed-Operations Aggregate**

1p. **ACE Bermuda Insurance Ltd.**
   - **May 21, 2016 – May 21, 2017**
   - **USD 50,000,000 Each Occurrence**
   - **USD 50,000,000 General Aggregate**
   - **USD 50,000,000 Products Completed-Operations Aggregate**

2. **Great American Assurance Co.**
   - **May 21, 2016 – May 21, 2017**
   - **USD 25,000,000 Each Occurrence**
   - **USD 25,000,000 General Aggregate**
   - **USD 25,000,000 Products Completed/Operations Aggregate**

2p. **GAI Insurance Company, Ltd.**
   - **May 21, 2016 – May 21, 2017**
   - **(excess of item 1, above)**

3. **Endurance Specialty Insurance Ltd.**
   - **May 21, 2016 – May 21, 2017**
   - **USD 25,000,000 Each Occurrence, Claim or Loss**
   - **USD 25,000,000 Aggregate**
   - **(excess of items 1 & 2, above)**

**Date of Issuance:** July 18, 2016

451.01 (Ed. 12/01)

1 2011 ISEABSF Schedule of Excess Policies (09 13).doc