# Endorsement No: 1

**This endorsement, effective:** May 21, 2010 (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:** EXC10000024501

**Issued to:** International Business Machines Corporation

**by:** Endurance Specialty Insurance Ltd.

## SCHEDULE OF EXCESS POLICY(IES)

| Type of Coverage | Insurer | Policy Number | Policy Period | Limits of Liability |
|------------------|---------|---------------|---------------|---------------------|
| Umbrella Liability | ACE Property and Casualty Insurance Company | XOO G24907338 | 05/21/2010 to 05/21/2011 | US$50,000,000 Each Occurrence<br>US$50,000,000 General Aggregate<br>US$50,000,000 Products Completed Operations Aggregate |

### Section I - Schedule of Underlying Policy(ies):

A) **Followed Policy**
1. **Umbrella Liability** | ACE Property and Casualty Insurance Company | XOO G24907338 | 05/21/2010 to 05/21/2011 | US$50,000,000 Each Occurrence<br>US$50,000,000 General Aggregate<br>US$50,000,000 Products Completed Operations Aggregate |

B) **Schedule of Intervening Policy(ies)**
2. **Excess Liability** | Great American Insurance Co. of NY | EXC 1679516 | 05/21/2010 to 05/21/2011 | US$25,000,000 Each Occurrence<br>US$25,000,000 General Aggregate (excess of item 1, above)

### Section II – Schedule of Quota Share Policy(ies):
Not Applicable

All other terms and conditions of this Policy remain unchanged.

**Authorized Representative**

**Date of Issuance:** June 8, 2010

401 BSF-02 (Ed. 07/09)
1_401_10