# Choice of Law Endorsement - II

**Insured:** International Business Machines Corporation  
**Policy No.:** UFP0044276-02  
**Endorsement No.:** 3  
**Effective Date:** May 21, 2013  

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**All other terms and conditions of this Policy remain unchanged.**

**Arch Reinsurance Ltd.**

**By:**  
**Title:** Senior Vice President Underwriting Manager, Excess Casualty  

**Date:** July 18, 2013  
**Ref:** BSF-4002b Ed. 6/14/10  

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Arch Reinsurance Ltd.