# Allied World Assurance Company

**Endorsement No:** 8  
**This endorsement, effective:** May 21, 2013 (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:** C018124/001  
**Issued to:** International Business Machines Corporation  

## Economic or Trade Sanctions Endorsement

It is hereby understood and agreed that if coverage for a Claim under this Policy is in violation of any United States of America ("U.S.") economic or trade sanctions, including but not limited to, sanctions administered and enforced by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC"), then coverage for that Claim will be null and void.

All other terms and conditions of this Policy remain unchanged.

**ALLIED WORLD ASSURANCE COMPANY, AG**

**By:** Heather Outerbridge  
**Title:** Assistant Vice President  
**Date:** July 16, 2013

Ref: ACFF-717  
(AWAC Ed. 09/07)  
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