# Allied World Assurance Company

**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:** C018124/002  
**Issued to:** International Business Machines Corporation

| Date Range | Limit | Description |
|------------|-------|-------------|
| May 21, 2014 to May 21, 2015 | USD25,000,000 | Products Completed Operations Aggregate |
| May 21, 2014 to May 21, 2015 | USD25,000,000 | General Aggregate |
| May 21, 2014 to May 21, 2015 | USD100,000,000 | Each Occurrence |
| May 21, 2014 to May 21, 2015 | USD100,000,000 | Products Completed Operations Aggregate |
| May 21, 2014 to May 21, 2015 | USD100,000,000 | General Aggregate |

### 4d. Excess Liability
**Federal Insurance Company**
- **Date Range:** May 21, 2014 to May 21, 2015
- **Limit:** USD25,000,000 | Each Occurrence
- **Part of:** USD100,000,000 | Each Occurrence
- **Products Completed Operations Aggregate General Aggregate (excess of the items listed above)**

### 5a. Excess Liability
**Aspen Bermuda Limited**
- **Date Range:** May 21, 2014 to May 21, 2015
- **Limit:** USD25,000,000 | Each Occurrence
- **Products Completed**

**Ref:** ACBSF-401 (AWAC Ed. 02/09)

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