# Non Followed Endorsement

**Named Insured:** International Business Machines Corporation  
**Policy Number:** ECA51JJ14A0A  
**Endorsement No:** 2  
**Effective Date:** May 21, 2014

## NON FOLLOWED ENDORSEMENT

In consideration of the premium charged, it is agreed that the following is added to Item 8. of the Declarations:

**Item 8. FOLLOWED POLICY:**
Endorsements our Policy does not follow:

| Endorsement No. | Title |
|-----------------|-------|
|                 | Catastrophe Management Coverage Endorsement |
|                 | Catastrophe Management Policyholder Notice |
|                 | Punitive Damages - MFJ Limitation Endorsement |
|                 | Non Pyramiding of Limits Endorsement |

All other terms and conditions of this Policy remain unchanged.

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**Aspen Bermuda Limited**

**By:**  
**Title:** Senior Vice President  
**Date:** July 14, 2014