End 001-12/11
Form BSF-02
Page 3 of 3

**ADDITIONAL/RETURN PREMIUM: NIL**

**SCHEDULE OF EXCESS POLICY(IES) ENDORSEMENT**

| Excess | 7. Iron-Starr Excess Agency Ltd. | US$50,000,000 (excess of items 1, 2, 3, 4, 5 & 6 above) |
| --- | --- | --- |
| Policy No: TBD | May 21, 2013 – March 21, 2014 |  |

| Excess | 8. Aspen Insurance Limited | US$50,000,000 (excess of items 1, 2, 3, 4, 5, 6 & 7 above) |
| --- | --- | --- |
| Policy No: TBD | May 21, 2013 – March 21, 2014 |  |

**Section II – Schedule of Quota Share Policy(ies)**

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, 2013
All other terms and conditions remain unchanged.
This endorsement is attached to and made a part of Policy No. IBM-0015/BSF02 of ACE Bermuda Insurance Ltd.

Issued to: International Business Machines Corporation
Date of Issue: May 20, 2013
By [Signature] Authorized Representatives

End No. 1