# Allied World Assurance Company

**Endorsement No:** 8  
**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:** C007539/002  
**Issued to:** International Business Machines Corporation  
**by:** Allied World Assurance Company, Ltd.

## NON FOLLOWED FORM AMENDATORY ENDORSEMENT

With respect to the following items, it is hereby agreed that notwithstanding any other provision in this policy, in no event shall this Policy follow the terms, conditions, exclusions or limitations in the Followed Policy or any Underlying Insurance.

1. Liberalization Clause;
2. Cancellation, non-renewal or change in terms notice requirements;
3. State Amendatory or State Specific endorsement;
4. Service of Suit Clause or endorsement;
5. Crisis Management or Crisis Response endorsement; or
6. Sublimit of liability, unless coverage for such sublimit is specifically endorsed to this Policy.

All other terms and conditions of this Policy remain unchanged.

**ALLIED WORLD ASSURANCE COMPANY, LTD.**

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

Ref: ACFF-415  
(AWAC Ed. 11/04)  
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