End 001-2/01
Form OCC01
Page 3 of 3

**ADDITIONAL/RETURN PREMIUM: NIL**

**SCHEDULE OF LEAD UMBRELLA AND UNDERLYING EXCESS POLICIES**

| 12 | Excess Liability | Canopius Underwriting Bermuda Limited #IBM-200/CUBLBSF02-11 May 21, 2011 - May 21, 2012 | $25,000,000 Part of $200,000,000 | Per Occurrence and Annual Aggregate (Where Applicable) Excess of Item 4, 5 & 6 above |
| --- | --- | --- | --- | --- |
| 13 | Excess Liability | Chartis Excess Limited #60703940 May 21, 2011 – May 21, 2012 | $150,000,000 | Per Occurrence and Annual Aggregate (Where Applicable) Excess of Item 7, 8, 9, 10, 11 & 12 above |
| 14 | Excess Liability | Aspen Insurance Limited #ECA1KFW11A0W May 21, 2011 – May 21, 2012 | $50,000,000 | Per Occurrence and Annual Aggregate (Where Applicable) Excess of Item 13 above |

Any restrictive policy terms and/or conditions that apply to the underlying policies that are in excess of the Followed Policy but underlying to this Policy will also apply to this Policy, unless amended by Endorsement.

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, 2011
All other terms and conditions remain unchanged.
This endorsement is attached to and made a part of Policy No. IBM-1493/OCC01
of ACE Bermuda Insurance Ltd.

Issued to: International Business Machines Corporation
Date of Issue: June 6, 2011
By Authorized Representatives

End No. 1