# Allied World Assurance Company

**Endorsement No:** 7  
**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  

## NON FOLLOWED ENDORSEMENT

It is hereby understood and agreed that the following is added to Item 8., "FOLLOWED POLICY," of the Declarations:

### ITEM 8.
**FOLLOWED POLICY:**
Endorsements to the Followed Policy that this Policy does not follow:

| Endorsement/Form No. | Title |
|----------------------|-------|
| XS-2552 (06/07)      | Catastrophe Management Policyholder Notice |
| ALL-20887 (10/06)    | ACE Producer Compensation Practices & Policies |
| 2                    | Catastrophe Management Coverage Endorsement |
| 3                    | New York Changes Endorsement |
| 4                    | NYFTZ-New York Changes Transfer of Duties When A Limit of Insurance is Used Up |
| 14                   | Cap on Losses from Certified Acts of Terrorism |
| 15                   | New York Changes |
| 16                   | New York Changes - Cancellation, Nonrenewal |

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

Ref: ACFF-457  
(AWAC Ed. 08/08)

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