# Allied World Assurance Company, Ltd.

**Endorsement No:** 14

**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.

**ALLIED WORLD ASSURANCE COMPANY, LTD.**

**By:** Michael Hoffmann

**Title:** Senior Vice President

**Date:** November 29, 2008

**Ref:** ACFF-MANUSCRIPT

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