**Insured:** International Business Machines Corporation  
**Policy No.:** UFP0044276-04  
**Endorsement No.:** 2  
**Effective Date:** May 21, 2015  

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**PREMIUM PAYMENT CONDITION**

All other terms and conditions of this Policy remain unchanged.

Arch Reinsurance Ltd.

**By:**  
**Title:** Senior Vice President  
Underwriting Manager,  
Excess Casualty  

**Date:** July 20, 2015  
**Ref:** BSF-4003 Ed. 09/08

Page 2 of 2

Arch  
Reinsurance Ltd.