# Endorsement No: 1

**This endorsement, effective:** May 21, 2014 (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:** ISO0001796

**Issued to:** International Business Machines Corporation Iron-Starr Excess Agency Ltd.

## SCHEDULE OF EXCESS POLICIES (cont'd)

### Section I - Schedule of Underlying Policies:

6. **Excess Casualty**
   - **Insurer:** Aspen Bermuda Limited
   - **Effective Date:** May 21, 2014 – May 21, 2015
   - **Limit of Liability:** USD 25,000,000
   - **Part of:** USD 50,000,000
   - **Coverage:** Per Occurrence General Aggregate

7. **Allied World Assurance Company, AG**
   - **Effective Date:** May 21, 2014 – May 21, 2015
   - **Limit of Liability:** USD 25,000,000
   - **Part of:** USD 50,000,000
   - **Coverage:** Per Occurrence General Aggregate Products-Completed Operations Aggregate (excess of items 1-5, above)

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

**Authorized Representative**

**Date of Issuance:** July 14, 2014
ISEABSF (09/13)
I 2011 ISEABSF Schedule of Excess Policies (09 13).doc