# CHUBB EXCESS LIABILITY INSURANCE - SL

## Endorsement

**Policy Period:** MAY 21, 2016 to MAY 21, 2017  
**Effective Date:** May 21, 2016  
**Policy Number:** 7966-56-84  
**Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION  
**Name of Company:** FEDERAL INSURANCE COMPANY  
**Date Issued:** June 8, 2016  

## Endorsement Limits of Insurance

**THIS POLICY IS SUBJECT TO THE FOLLOWING ENDORSEMENT**

The Limits of Insurance of this policy are completed to read as follows:

| The lesser of 25.0 percent of loss; or: | Amount |
|-----------------------------------------|--------|
| a. Each Occurrence                       | $ 25,000,000. |
| b. Products-Completed Operations Aggregate | $ 25,000,000. |
| c. Other Aggregate (where applicable)    | $ 25,000,000. |

Which is part of:
| Amount |
|--------|
| a. Each Occurrence                       | $ 100,000,000. |
| b. Products-Completed Operations Aggregate | $ 100,000,000. |
| c. Other Aggregate (where applicable)    | $ 100,000,000. |

All other terms and conditions remain unchanged.

**Authorized Representative**

**Date:** June 8, 2016

**Limits of Insurance**
Form 07-02-1334 (Ed. 12/97) Endorsement
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