# Endorsement No: 1

**This endorsement, effective:** May 21, 2009 (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:** EXC10000024500

**Issued to:** International Business Machines Corporation

**by:** Endurance Specialty Insurance Ltd

## SCHEDULE OF EXCESS POLICY(IES)

| Type of Coverage | Insurer | Policy Number | Policy Period | Limits of Liability |
|------------------|---------|---------------|---------------|---------------------|
| **Section I - Schedule of Underlying Policy(ies):** | | | | |
| 1. Umbrella Liability | ACE Property and Casualty Insurance Company | XOO G24895944 | 05/21/2009 to 05/21/2010 | US$50,000,000 Each Occurrence<br>US$50,000,000 General Aggregate<br>US$50,000,000 Products Completed Operations Aggregate |
| 2. Excess Liability | Great American Insurance Co. of NY | EXC 8634136 | 05/21/2009 to 05/21/2010 | US$25,000,000 Each Occurrence<br>US$25,000,000 General Aggregate (excess of item 1, above) |

## Section II – Schedule of Quota-Share Policy(ies):

Not Applicable

All other terms and conditions of this Policy remain unchanged.

**Authorized Representative**

**Date of Issuance:** June 19, 2009

**401 BSF-01 (Ed 02/09)**

**1_401_09**