# Allied World Assurance Company

## Endorsement No: 3
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

Insofar as the substantive internal law of New York is inapplicable as provided herein or otherwise, and as respects arbitration procedure, the internal laws of England and Wales apply.

All other terms and conditions of this Policy remain unchanged.

**ALLIED WORLD ASSURANCE COMPANY, AG**

By: Heather Outerbridge
Title: Assistant Vice President
Date: July 16, 2013

Date of Issuance: July 16, 2013
Ref: ACBSF-403
(AWAC Ed. 05/10)

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