# Endorsement No: 1

**This endorsement, effective:** May 21, 2013 (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:** ISO0001324

**Issued to:** International Business Machines Corporation

**by:** Iron-Starr Excess Agency Ltd.

## SCHEDULE OF UNDERLYING POLICY(IES)

In consideration of the premium charged, it is hereby understood and agreed that the Underlying Policy(ies) include the Followed Policy as set forth in Item 4 a) of the Declarations and the Intervening Policy(ies) as have been bound and/or issued and are on file with the Named Insured, Broker or the Company for Damages under all coverages per Occurrence, Claim or Loss and in the aggregate.

All other terms, conditions, limitations and exclusions of this Policy remain unchanged.

**Authorized Representative**

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**Date of Issuance:** July 16, 2013

ISEABSF (06/12)

1 2000(a) ISEABSF Schedule of Underlying Policies (Non-Quota Share) (06 12).doc