# Allied World Assurance Company

**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:** C018124/001  
**Issued to:** International Business Machines Corporation

## 5b. Excess Liability
- **Argo Re**
  - **May 21, 2013 to May 21, 2014**
    - **USD25,000,000** Per Occurrence General Aggregate (where applicable)
    - **USD25,000,000** Products Completed Operations Aggregate
  - **Part of:**
    - **USD200,000,000** Per Occurrence General Aggregate (where applicable)
    - **USD200,000,000** Products Completed Operations Aggregate

## 5c. Excess Liability
- **Great American Insurance Co. of NY.**
  - **May 21, 2013 to May 21, 2014**
    - **USD25,000,000** Per Occurrence General Aggregate (where applicable)
    - **USD25,000,000** Products Completed Operations Aggregate
  - **Part of:**
    - **USD200,000,000** Per Occurrence General Aggregate (where applicable)
    - **USD200,000,000** Products Completed Operations Aggregate

**Date of Issuance:** July 30, 2013  
**Ref:** ACBSF-401  
**(AWAC Ed. 02/09)**  
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