**Endorsement No:** 4

**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:** IS0001796

**Issued to:** International Business Machines Corporation

**by:** Iron-Starr Excess Agency Ltd.

**NON FOLLOWED ENDORSEMENT**

In consideration of the premium charged, it is hereby understood and agreed that this Policy does not follow nor is it subject to the endorsement(s) in the Followed Policy set forth below:

| Endorsement No. | Title |
|-----------------|-------|
| 6              | New York Changes Endorsement |
| 7              | NYFTZ-New York Changes Transfer of Duties When a Limit of Insurance |
| 15             | New York Changes |
| 16             | New York Changes – Cancellation, Nonrenewal |

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

**Date of Issuance:** July 14, 2014

**ISEABSF (09/13)**

**4 2006 ISEABSF Non Followed Endl (09 13).doc**