# Allied World

**Endorsement No:** 1  
**This endorsement, effective:** May 21, 2016 (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:** C018124/004  
**Issued to:** International Business Machines Corporation

## 5a. Excess Liability

- **Argo Re**
  - **May 21, 2016 to May 21, 2017**
    - **USD25,000,000** Each Occurrence
    - **USD25,000,000** Products Completed Operations Aggregate General Aggregate
    - **USD25,000,000** Part of
    - **USD200,000,000** Each Occurrence
    - **USD200,000,000** Products Completed Operations Aggregate General Aggregate
    - **USD200,000,000** Each Occurrence
    - **USD200,000,000** Products Completed Operations Aggregate General Aggregate

## 5b. Excess Liability

- **Aspen Bermuda Limited**
  - **May 21, 2016 to May 21, 2017**
    - **USD25,000,000** Each Occurrence
    - **USD25,000,000** Products Completed Operations Aggregate General Aggregate
    - **USD25,000,000** Part of
    - **USD200,000,000** Each Occurrence
    - **USD200,000,000** Products Completed Operations Aggregate General Aggregate
    - **USD200,000,000** Each Occurrence
    - **USD200,000,000** Products Completed Operations Aggregate General Aggregate

## 5c. Excess Liability

- **Great American Assurance Co. (ACIS)**
  - **USD25,000,000** Each Occurrence

**Ref:** ACBSF-401c (AWAC Ed. 11/14)

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