# Endorsement No. 7

**This Endorsement, effective:** May 21, 2008  
(at 12:01 A.M. prevailing time at the address of the Named Insured as shown in Item 1 of the Declarations)  
forms a part of Policy No.: P000466 006  
Issued To: International Business Machines Corporation  
By: Endurance Specialty Insurance Ltd.

**IT IS HEREBY AGREED THAT THIS ENDORSEMENT CANCELS AND REPLACES ENDORSEMENT NO. 1 OF THIS POLICY:**

## SCHEDULE OF UNDERLYING EXCESS POLICIES AND/OR QUOTA SHARE POLICIES

| Type of Coverage | Policy Number | Policy Period | Limits of Liability |
|------------------|---------------|---------------|---------------------|
| 1. Umbrella Liability | National Union Fire Insurance Company of Pittsburgh, Pa 5443148 | 05/21/2008 to 05/21/2009 | 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 | ACE American Insurance Company XCP G2464845A | 05/21/2008 to 05/21/2009 | US$ 25,000,000 Occurrence<br>US$ 25,000,000 Aggregate where applicable |
| 3. Excess Liability | Great American Insurance Co. of NY EXC 2194824 | 05/21/2008 to 05/21/2009 | US$ 25,000,000 Each Occurrence<br>US$ 25,000,000 General Aggregate where applicable |
| (Excess of item 1, above) |
| 4a. Quota Share Excess | Ohio Casualty Group ECO S3629613-9 | 05/21/2008 to 05/21/2009 | US$ 25,000,000 Each Occurrence<br>US$ 25,000,000 General Aggregate where Applicable |
| Part of US$ 100,000,000 |

**Date of Issuance:** December 8, 2008