# Allied World Assurance Company

**Endorsement No:** 3  
**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(b) of the Declarations)

**Forms a part of Policy No:** C0086 C007539/002  
**Issued to:** International Business Machines Corporation  
**by:** Allied World Assurance Company, Ltd.

**ALLIED WORLD ASSURANCE COMPANY, LTD.**

**By:** Michael Hoffmann  
**Title:** Senior Vice President  
**Date:** August 15, 2008

**Ref:** ACFF-402  
(AWAC Ed. 11/01)  
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