# Endorsement No: 1

**This endorsement, effective:** May 21, 2009 (at 12:01 A.M. prevailing time at the address of the Named Insured as shown in item I (b) of the Declarations)

**forms a part of Policy No:** P000466 007

**Issued to:** International Business Machines Corporation

**by:** Endurance Specialty Insurance Ltd.

## SCHEDULE OF EXCESS POLICY(IES), Continued

### 5a. Quota Share
- **Insurer:** XL Insurance (Bermuda) Ltd.
- **Policy Number:** BM00024254L109A
- **Effective Date:** 05/21/2009 to 05/21/2010
- **US$75,000,000 Per Occurrence**
- **US$75,000,000 General Aggregate**
- **Part of US$200,000,000**

### 5b. Quota Share
- **Insurer:** Argo Re
- **Policy Number:** WE0900137
- **Effective Date:** 05/21/2009 to 05/21/2010
- **US$25,000,000 Per Occurrence**
- **US$25,000,000 Annual Aggregate**
- **Part of US$200,000,000**

### 5c. Quota Share
- **Insurer:** Canopius Bermuda
- **Policy Number:** IBM-064/CUBL005-09
- **Effective Date:** 05/21/2009 to 05/21/2010
- **US$25,000,000 Each Occurrence**
- **US$25,000,000 General Aggregate**
- **Part of US$200,000,000**

### 5d. Quota Share
- **Insurer:** Fireman's Fund
- **Policy Number:** SHX 00060784188
- **Effective Date:** 05/21/2009 to 05/21/2010
- **US$25,000,000 Each Occurrence**
- **US$25,000,000 Aggregate**
- **Part of US$200,000,000**

### 5e. Quota Share
- **Insurer:** Great American Insurance Co. of NY
- **Policy Number:** EXC 8634140
- **Effective Date:** 05/21/2009 to 05/21/2010
- **US$25,000,000 Each Occurrence**
- **US$25,000,000 General Aggregate**
- **Part of US$200,000,000 (excess of items 1-4, above)**

All other terms and conditions of this Policy remain unchanged.

**Authorized Representative**

**Date of Issuance:** June 19, 2009

**401 BSF-01 (Ed. 02/09)**

**1_401_09**