# ENDORSEMENT #1

**This endorsement, effective 12:01 AM:** 5/21/2014

**Forms a part of policy no.:** 43-XSF-100238-01

**Issued to:** International Business Machines Corporation

**By:** National Liability & Fire Insurance Company

## SCHEDULE OF UNDERLYING

**THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.**

This endorsement modifies insurance provided under the following:

### FOLLOW FORM EXCESS LIABILITY POLICY

#### Item 4. Scheduled Underlying Insurance
##### a. Underlying Policies :

| Coverage | Insurer Policy Period Policy Number | Limits of Insurance Retentions Defense Treatment |
|----------|------------------------------------|--------------------------------------------------|
| Excess Liability | Great American 5/21/2014 to 5/21/2015 EXC 1862512 | $25,000,000 Each Occurrence<br>$25,000,000 General Aggregate<br>Defense Outside of Limits |
| Excess Liability | Endurance 5/21/2014 to 5/21/2015 EXC10000024505 | $25,000,000 Each Occurrence<br>$25,000,000 General Aggregate<br>Defense Outside of Limits |

#### b. Followed Underlying Policy(ies)

| Coverage | Insurer Policy Period Policy Number | Limits of Insurance Retentions Defense Treatment |
|----------|------------------------------------|--------------------------------------------------|
| Umbrella Liability | Ace 5/21/2014 to 5/21/2015 XOO G2 73 80 037 | $50,000,000 Each Occurrence<br>$50,000,000 General Aggregate<br>Defense Outside of Limits |

FF-XS-002-07/2013
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