End 024-12/11
Form BSF-02
Page 1 of 1

**ADDITIONAL/RETURN PREMIUM: NIL**

**FOLLOWING FORM POLICY ISSUANCE ENDORSEMENT**

1. Until such time as the Followed Policy shall have been issued, and the Insurer confirms by endorsement to this policy that all conditions set out in paragraph 2 below have been performed, the term "Followed Policy" shall mean the Policy Form, including all insuring agreements, definitions, exclusions, and conditions, along with all endorsements specified in the binder dated May 17th, 2013, and effective May 21, 2013, issued by ACE Property & Casualty Insurance Company to the Named Insured in respect of ACE Property & Casualty Insurance Company policy number XOO G27051169.

2. Within thirty (30) days of issuance of the Followed Policy identified in the binder specified in paragraph 1, above, the Insured shall forward to the Insurer a true and correct copy of the Followed Policy, inclusive of all endorsements.

3. If the Followed Policy as issued includes any agreements, definitions, exclusions or conditions, whether by means of policy form or endorsements, that differ from those provided pursuant to the Policy Form and endorsements described in the binder identified in paragraph 1, above, this Policy shall not be subject to such differing agreements, definitions, exclusions and conditions, unless the Insurer's agreement to follow such agreements, definitions, exclusions and conditions is endorsed to this policy.

Nothing herein contained shall be held to vary, alter, waive, or extend any of the terms, conditions, exclusions or limitations of the Policy referenced below, except as expressly stated herein.

The effective date of this endorsement is May 21, 2013
All other terms and conditions remain unchanged.
This endorsement is attached to and made a part of Policy No. IBM-0015/BSF02
of ACE Bermuda Insurance Ltd.

Issued to: International Business Machines Corporation
Date of Issue: May 20, 2013
By [Authorized Representatives]

End No. 9