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Form BSF-02
Page 1 of 1

**ADDITIONAL/RETURN PREMIUM:** NIL

**NON FOLLOWED ENDORSEMENT**

In consideration of the premium charged, it is agreed that the following is added to Item 4a of the Declarations:

Item 4a. **FOLLOWED POLICY:**

Endorsements our Policy does not follow:
- TRIA Notification
- ACE Producer Compensation Practices and Policies
- OFAC Advisory Notice
- Cap on Losses from Certified Acts of Terrorism
- Disclosure Pursuant to Terrorism Risk Insurance Act
- Punitive Damages - MFJ Limitation Endorsement
- Trade or Economic Sanctions Amendatory Endorsement

- Any other Liberalization Clause; Cancellation, non-renewal or change in terms notice provisions; State specific "No Fault", Uninsured Motorist or Underinsured Motorist law, or any similar law; Crisis Management or Crisis Response provisions; Accidental Insurance provisions; or Sublimit of liability, unless coverage for such sublimit is specifically endorsed to this 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, 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. 4