# 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

## Liability
- **May 21, 2014 to May 21, 2015**
  - USD25,000,000 Products Completed Operations Aggregate General Aggregate
  - USD25,000,000 Each Occurrence
  - USD200,000,000 Products Completed Operations Aggregate General Aggregate
  - USD200,000,000 Each Occurrence
  - USD200,000,000 Products Completed Operations Aggregate General Aggregate

## Excess Liability
- **Allied World Assurance Company Limited**
  - **May 21, 2014 to May 21, 2015**
    - USD25,000,000 Each Occurrence
    - USD25,000,000 Products Completed Operations Aggregate General Aggregate
    - USD25,000,000 Each Occurrence
    - USD200,000,000 Products Completed Operations Aggregate General Aggregate
    - USD200,000,000 Each Occurrence
    - USD200,000,000 Products Completed Operations Aggregate General Aggregate

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