# Additional/Return Premium: NIL

## Double Aggregate Endorsement

In consideration of the premium charged it is hereby understood and agreed that Item 2 of the Declarations, Limits of Liability, is amended as follows:

**Item 2 Limits of Liability:**

- (a) Per Occurrence Limit: $50,000,000
- (b) Products-Completed Operations Aggregate: $50,000,000
- (c) All Other Aggregate: $50,000,000

It is also agreed that the last paragraph of Item 12, Insuring Agreement, which reads "The Aggregate limit stated in Item 2(b) of the Declarations is the most the Insurer will pay in any Policy Period for all claims, suits and occurrences covered by this Policy," is deleted and replaced by the following:

The Products-Completed Operations Aggregate limit stated in Item 2(b) of the Declarations is the most the Insurer will pay in any Policy Period for all covered claims, suits and occurrences included in the Products-Completed Operations Hazard as defined in the Followed Policy. The All Other Aggregate stated in Item 2(c) of the Declarations is the most the Insurer will pay in any Policy Period for all covered claims, suits and occurrences that do not fall within the Products-Completed Operations Hazard as defined in the Followed Policy.

Nothing herein contained shall be held to vary, alter, waive, or extend any of the terms, conditions, exclusions or limitations of the Policy referenced below, except as expressly stated herein.

The effective date of this endorsement is May 21, 2010.
All other terms and conditions remain unchanged.
This endorsement is attached to and made a part of Policy No. IBM-1455/OCC01 of ACE Bermuda Insurance Ltd.

Issued to: International Business Machines Corporation
Date of Issue: May 19, 2010
By Authorised Representatives

End No. 14