# Schedule of Excess Policy (IES)

**Endorsement No:** 1

**This endorsement, effective:** May 21, 2015 (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:** EXC10000024506

**Issued to:** International Business Machines Corporation

**by:** Endurance Specialty Insurance Ltd.

## SCHEDULE OF EXCESS POLICY(IES)

| Type of Coverage | Insurer | Policy Number | Policy Period | Limits of Liability |
|------------------|---------|---------------|---------------|---------------------|
| **A) Followed Policy** | | | | |
| 1. Umbrella Liability | ACE Property and Casualty Insurance Company | XOO G2763848A | 05/21/2015 to 05/21/2016 | US$50,000,000 Each Occurrence<br>US$50,000,000 General Aggregate<br>US$50,000,000 Products Completed Operations Aggregate |
| **B) Schedule of Intervening Policy(ies)** | | | | |
| 2. Excess Liability | Great American Insurance Co. of NY | EXC 2464956 | 05/21/2015 to 05/21/2016 | US$25,000,000 Each Occurrence<br>US$25,000,000 General Aggregate<br>US$25,000,000 Products/Completed Operations Aggregate |

(excess of item 1, above)

## Section II – Schedule of Quota Share Policy(ies):

Not Applicable

All other terms and conditions of this Policy remain unchanged.

**Authorized Representative**

**Date of Issuance:** May 22, 2015

401 B8F-03 (Ed. 07/13)  
1,401_15