# Allied World Assurance Company

**Endorsement No:** 2  
**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  

All other terms and conditions of this Policy remain unchanged.

**ALLIED WORLD ASSURANCE COMPANY, AG**

**By:** Kimberly Pursell  
**Title:** Vice President  
**Date:** July 11, 2014

Ref: ACBSF-404  
(AWAC Ed. 02/09)  
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