End 007-04/14
Form BSF-03
Page 1 of 1

**ADDITIONAL/RETURN PREMIUM:** NIL

**NON FOLLOWED ENDORSEMENT**

In consideration of the premium charged, it is agreed that the following is added to Item 4a of the Declarations:

Item 4a. FOLLOWED POLICY:

Endorsements our Policy does not follow:
- TRIA Notification
- ACE Producer Compensation Practices and Policies
- OFAC Advisory Notice
- Cancellation Amendatory Endorsement
- Cap on Losses from Certified Acts of Terrorism
- Disclosure Pursuant to Terrorism Risk Insurance Act
- Punitive Damages – MFJ Limitation Endorsement
- Section IV. of the Access, Collection and Disclosure of Information and Electronic Data Exclusion – Limited Bodily Injury and Redefined Property Damage Exceptions with Retained Limit Endorsement

Nothing herein contained shall be held to vary, alter, waive, or extend any of the terms, conditions, exclusions or limitations of the Policy referenced below, except as expressly stated herein.

The effective date of this endorsement is May 21, 2015
All other terms and conditions remain unchanged.
This endorsement is attached to and made a part of Policy No. IBM-0025/BSF03
of ACE Bermuda Insurance Ltd.

Issued to: International Business Machines Corporation
Date of Issue: July 15, 2015
By [Signature] Authorized Representatives

End No. 5